02.01.2008 14:41:00
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Douglas Taylor Joins DPL as Senior Vice President, General Counsel and Corporate Secretary
DPL Inc. (NYSE: DPL) announced today that Mr. Douglas C. Taylor has
joined the company as Senior Vice President, General Counsel and
Corporate Secretary. In this role, Mr. Taylor is responsible for the
legal affairs of DPL Inc. and its principal subsidiary, The Dayton Power
and Light Company.
"We are very pleased that Doug has joined the
DPL team,” said Mr. Paul Barbas, DPL President
and Chief Executive Officer. "He has a solid
legal background and extensive experience in the energy industry.”
For 10 years, Mr. Taylor was with Cinergy Corporation, now Duke Energy,
in Cincinnati, Ohio. During his tenure, he held a number of positions
including Vice President of Corporate Development, Vice President and
General Counsel of the Energy Merchant Business Unit, and Vice President
and General Counsel of Cinergy Investments.
Most recently, Mr. Taylor was a Managing Director with Natsource, LLC,
an emissions and renewable energy asset management firm in New York.
During his career, he has also been an attorney with several law firms
including McBride, Baker & Coles in Chicago and two Dayton-area firms,
Coolidge, Wall, Womsley & Lombard, and Smith & Schnacke.
Mr. Taylor is a graduate of the University of Cincinnati and Pepperdine
University School of Law.
About DPL
DPL Inc. (NYSE:DPL) is a regional electric energy and utility company.
DPL’s principal subsidiaries include The
Dayton Power and Light Company (DP&L); DPL Energy, LLC (DPLE); and DPL
Energy Resources, Inc. (DPLER). DP&L, a regulated electric utility,
provides service to over 500,000 retail customers in West Central Ohio;
DPLE engages in the operation of merchant peaking generation facilities;
and DPLER is a competitive retail electric supplier in Ohio, selling to
major industrial and commercial customers. DPL, through its
subsidiaries, owns and operates approximately 3,750 megawatts of
generation capacity, of which 2,800 megawatts are low cost coal-fired
units and 950 megawatts are natural gas and diesel peaking units.
Further information can be found at www.dplinc.com.
Certain statements contained in this press release are "forward-looking
statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Matters discussed in
the press release that relate to events or developments that are
expected to occur in the future, including management’s
expectations, strategic objectives, business prospects, anticipated
economic performance and financial condition and other similar matters
constitute forward-looking statements. Forward-looking statements
are based on management’s beliefs, assumptions
and expectations of future economic performance, taking into account the
information currently available to management. These statements
are not statements of historical fact and are typically identified by
terms and phrases such as "anticipate,” "believe,” "intend,” "estimate,” "expect,” "continue,” "should,” "could,” "may,” "plan,” "project,” "predict,” "will”
and similar expressions. Such forward-looking statements are
subject to risks and uncertainties, and investors are cautioned that
outcomes and results may vary materially from those projected due to
various factors beyond DPL’s control,
including but not limited to: abnormal or severe weather and
catastrophic weather-related damage; unusual maintenance or repair
requirements; changes in fuel costs and purchased power, coal,
environmental emissions, gas and other commodity prices; volatility and
changes in markets for electricity and other energy-related commodities;
increased competition and deregulation in the electric utility industry;
increased competition in the retail generation market; changes in
interest rates; state, federal and foreign legislative and regulatory
initiatives that affect cost and investment recovery, emission levels,
rate structures or tax laws; changes in federal and/or state
environmental laws and regulations to which DPL and its subsidiaries are
subject; the development of Regional Transmission Organizations,
including the PJM to which DPL’s operating
subsidiary has given control of its transmission functions; changes in
DPL’s purchasing processes, pricing, delays,
contractor and supplier performance and availability; significant delays
associated with large construction projects; growth in DPL’s
service territory and changes in demand and demographic patterns;
changes in accounting rules and the effect of accounting pronouncements
issued periodically by accounting standard-setting bodies; financial
market conditions; the outcomes of litigation and regulatory
investigations, proceedings or inquiries; general economic conditions;
and the risks and other factors discussed in DPL’s
filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document
in which they are made. We disclaim any obligation or undertaking
to provide any updates or revisions to any forward-looking statement to
reflect any change in our expectations or any change in events,
conditions or circumstances on which the forward-looking statement is
based.
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