DPL names James V. Mahoney to head wholesale and retail marketing subsidiary

DAYTON, Ohio, Jan. 20, 2003 — DPL Inc. announced that James V. Mahoney, 57, has been named president of DPL Energy LLC, a wholly owned subsidiary, and will have responsibility for the company’s wholesale and retail marketing programs.

“Jim Mahoney brings a wealth of talent and industry experience to the company and we are delighted to welcome him to the DPL team,” said Stephen F. Koziar, President and Chief Executive Officer of DPL Inc.

In addition to his overall marketing responsibilities, Mahoney will focus on the design and development of energy services and products.

Mahoney most recently served as President and Chief Executive Officer of EarthFirst Technologies, Incorporated, an environmental technology company, since 2001.

Prior to that he held a number of senior management positions within the utility and non-regulated power industry, including Senior Vice President – Asset Management at PG&E Generating Company, with P&L responsibility for a $3.8 billion generation portfolio. Mahoney also served as President – USGenNE at U.S. Generating Company, with responsibility for an $800 million operating unit.

Additionally, Jim was Chief Operating Officer of PG&E Energy Trading and President and CEO of USGen Power Services LLP, a power marketing business. From 1984 to 1995, he held a number of management positions at the New England Electric System, after serving at USX for nine years.

Mahoney holds a Ph.D. in chemical engineering from the University of Pittsburgh and a B.A. from Allegheny College.

About DPL

DPL Inc. is a diversified regional energy company. DPL’s principal subsidiaries include The Dayton Power & Light Company (DP&L) and DPL Energy. DP&L provides electric services to over 500,000 retail customers in West Central Ohio. DPL Energy operates over 4,600 megawatts of generation capacity and markets wholesale energy throughout the eastern United States. DPL Inc., through its subsidiaries, ranks among the top energy companies in generation efficiency and productivity. Further information on DPL Inc. can be found at www.dplinc.com.

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