DPL Shareholders Vote to Merge with AES at Annual Meeting

DPL Inc. (NYSE: DPL) today announced that DPL's shareholders voted to approve the proposal to adopt the previously announced agreement and plan of merger with The AES Corporation (NYSE: AES) and its wholly-owned merger subsidiary, Dolphin Sub, Inc., at the company's annual shareholders' meeting held in Dayton, Ohio.

Completion of the transaction between DPL and AES is subject to customary closing conditions, as well as receipt of additional regulatory approvals from the Federal Energy Regulatory Commission and the Public Utilities Commission of Ohio.

The parties expect to complete the merger in the fourth quarter of 2011 or first quarter of 2012.

Chairman of the Board Glenn Harder emphasized DPL's 100 years of service and commitment to the Miami Valley. “As our business environment continues to change, the merger will allow the company to remain dedicated to the 24 counties we serve, as well as to provide value to our shareholders,” Harder said. “We're looking forward to closure of the merger and to becoming part of AES, a global corporation, so we can better meet the challenges of the future.”