(Source: Dayton Daily News)

By Dayton Daily News, Ohio
Apr. 30--DAYTON -- DPL Inc.'s net income for the first three months of 2009 fell by 10 percent to $69.2 million, down from $77.3 million a year earlier, as mild weather and the economic slump resulted in lower electricity consumption.
Earnings per share for the period ended March 31 were 61 cents, down from 66 cents a year ago, said DPL, parent company of Dayton Power and Light Co. Revenues totaled $415 million, down from $416.1 million.
Revenues from retail customers -- residential and small-business users -- increased by $2.2 million. DPL said that was because residential rate discounts in effect last year expired in 2009. State regulators also are allowing the company to charge customers for costs of environmental compliance programs including installing emission control equipment at its coal-burning generating plants.
Wholesale revenues were down by $26.2 million.
DPL's board declared a quarterly dividend of 28.5 cents per share, amounting to $1.14 annually, payable June 1 to holders of common stock as of May 15. This reflects DPL's Dec. 10 announcement of plans to increase the dividend.
The board also declared these dividends on preferred stock: 93.75 cents per share on the 3.75 percent Series A and B shares, cumulative, and 97.5 cents per share on the 3.90 percent Series C, cumulative.
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