SOURCE: mc2 Energy Services

mc2 Energy Services

March 02, 2011 09:15 ET

MC Squared Energy Services, LLC Announces Sale of Company to DPL

Enables Growth Opportunity for Midwest Based Retail Electricity Supplier

CHICAGO, IL--(Marketwire - March 2, 2011) - MC Squared Energy Services, LLC (mc²) announced today it has reached an agreement to sell its retail power company to DPL Energy Resources, Inc. (DPLER) which markets electricity to commercial and business customers in Ohio. Terms of the transaction were not disclosed.

DPLER is a subsidiary of DPL Inc. (DPL), a regional energy company whose main subsidiary is The Dayton Power and Light Company.

The transaction includes over 2,000 customer accounts. mc² currently provides retail electricity supply as a licensed electricity supplier in Illinois. The principals of mc² will remain prospectively, and customers will see no changes with respect to electricity supply service as a result of the transaction.

"The acquisition by DPL provides mc² with a significant opportunity to expand our rapidly growing business model across the competitive retail power markets within the PJM and MISO transmission network. DPL is a well-regarded and established energy company," said Chuck Sutton, president of mc². "We look forward to leveraging our exceptional customer service and innovative power supply products into these new markets."

mc² currently provides electricity supply products and services to over 2,000 commercial & industrial service accounts in the ComEd service territory in Northern Illinois. mc² is uniquely positioned to offer customers a full range of reliable electricity supply products, including green renewable energy.

For more information on mc², phone (877) mc2-POWR or visit www.mc2energyservices.com

About DPL

DPL Inc. (NYSE: DPL) is a regional energy company. DPL was named one of Forbes' "100 Most Trustworthy Companies" for the second consecutive year in 2010.

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 3,700 megawatts of generation capacity, of which 2,800 megawatts are low cost coal-fired units and 900 megawatts are natural gas and diesel peaking units. Further information can be found at www.dplinc.com.

Contact Information

  • For MC Squared Energy, Contact:
    Chuck Sutton
    President
    mc² -- Where Energy Comes From
    (312) 474-6441
    Email Contact

    For DPL Inc., Contact:
    Craig Jackson
    VP & Treasurer
    Investor Relations
    (937) 259-7033
    or News Media Contact
    DPL Medialine
    937-224-5940
    Email Contact