July 16, 2013
DAYTON, Ohio–(BUSINESS WIRE)–Derek Porter, an executive of The AES Corporation (AES) for five years, has been named president of DPL Inc. (DPL) and The Dayton Power and Light Company (DP&L).
Most recently Porter served as country manager in Panama where he led the country’s largest electricity generator operating five hydroelectric plants.
Phil Herrington will remain CEO of DPL and The Dayton Power and Light Company. He will assume additional responsibilities as chief operating officer of AES’ U.S. Strategic Business Unit including Competitive Generation which operates and manages AES generating assets in the U.S.
Porter, who assumes his new role at DPL and DP&L immediately, will lead the companies’ day-to-day operations including local service operations, customer service, regulatory, legislative and community efforts in Ohio.
“Derek has extensive domestic and international experience in the energy industry,” said Ken Zagzebski, president of AES’ U.S. Strategic Business Unit. “He will be very active in the Dayton and surrounding communities in west central Ohio, bringing his in-depth knowledge of the current industry issues and his passion to partner with community leaders.”
Prior to leading operations in Panama, Porter served as director of Business Development for North America at AES’s corporate headquarters in Arlington, Virginia. He has more than 20 years of experience in the power generation sector with a focus on projects with environmental benefits.
Additionally, Porter served as managing director at the start-up Greenhouse Gas Services, a joint venture between General Electric and AES. His previous experience also included leadership roles with Covanta Energy in operations, environmental, business, finance and external affairs.
He earned his bachelor of science degree in chemical engineering from Cornell University. Porter and his family will relocate to the Dayton area from Panama this year. He will continue DPL’s practice of executive involvement in issues and organizations critical to the future of the Miami Valley region.
Competitive Generation led by Herrington in his role as chief operating officer of the U.S. Strategic Business Unit will be headquartered in Dayton. Herrington will remain based in Dayton.
Before coming to DPL in 2012, Herrington was president of Global Wind Generation for AES, managing the company’s wind generation portfolio. Prior to that, he held leadership positions in a global energy company in California which ran competitive power generation businesses with assets in coal, natural gas and wind.
Herrington has been active in the Dayton community, serving as a board member for the Dayton Development Coalition, Dayton Area Chamber of Commerce and the Dayton Art Institute.
DPL Inc. is a regional energy company. The Dayton Power and Light Company is its principal subsidiary. DPL Inc.’s other significant subsidiaries include DPL Energy, LLC (DPLE), Miami Valley Insurance Company (MVIC), and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, 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; MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries, and DPLER is a competitive retail electric supplier. DPL Inc., through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are coal-fired units and 1,000 megawatts are solar, natural gas and diesel peaking units. Further information can be found at www.dplinc.com.
DPL Inc. was acquired by The AES Corporation (NYSE: AES) in 2011. AES is a Fortune 200 global power company. It provides affordable, sustainable energy to 25 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Its workforce of 25,000 people is committed to operational excellence and meeting the world’s changing power needs. AES’ 2012 revenues were $18 billion and it owns and manages $42 billion in total assets. To learn more, please visit www.aes.com.