Equity |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note Disclosure | 8. EQUITY Contributions from AES In April 2026, DPL received equity capital contributions from AES totaling $87.5 million. DPL then made the same investments in AES Ohio. The proceeds are primarily for funding needs related to AES Ohio's capital expenditure program. Agreement to Sell Minority Interest in AES Ohio On April 4, 2025, DPL sold an aggregate indirect equity interest in AES Ohio of approximately 30% to Astrid Holdings LP, a wholly-owned subsidiary of La Caisse, for total proceeds of approximately $544.0 million, resulting in an increase to Redeemable stock of subsidiaries of $537.5 million, net of transaction costs, on the Condensed Consolidated Balance Sheets. The transaction also resulted in reclassification of $2.7 million of pension related AOCL to Member's equity. There is no change in management or operational control of DPL or AES Ohio as a result of the transaction. As DPL maintained control after the transaction, AES Ohio continues to be consolidated by DPL. The shareholders' agreements with La Caisse contain certain redemption features that, while not currently in effect, are not solely in DPL's control. As a result, the noncontrolling ownership interest is considered temporary equity. The Company has concluded that the likelihood of an event that would allow La Caisse to redeem its interest under the terms of the shareholders' agreements is remote, but would require redemption at fair value. Therefore, as of September 30, 2026, the noncontrolling ownership interest is not probable of becoming redeemable and subsequent adjustments to the carrying value were not required. Prior to the transaction closing, DPL contributed to AES Ohio Holdings, Inc. (“Ohio Holdings”) 100% of the issued and outstanding shares of AES Ohio, such that Ohio Holdings owns 100% of AES Ohio. AOCI/(AOCL) The changes in the components of AOCI during the nine months ended September 30, 2026 are as follows:
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