Company News »

Dayton Power and Light Names Tom Raga as President and CEO

Business Wire
Share on StockTwits
Published on

The Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (NYSE:AES) , has named Tom Raga President and CEO. He is in his fifth year with DP&L and will lead the local, senior management team as it navigates the ongoing transition of the electric distribution business.

This leadership change reflects AES’ commitment to growing key markets across the United States including Ohio. The company anticipates that this growth will come from a variety of sources including conventional generation and expansion of current businesses. In addition, it is expected that energy storage and distributed energy resources will contribute meaningful developments.

“Tom brings the business experience and proven leadership skills with a clear strategic vision to the role of president and CEO,” said AES U.S. President, Ken Zagzebski. “At DP&L, he has successfully managed a diverse portfolio of responsibilities and delivered results in our legislative and regulatory strategy all while being an essential partner with the customers and communities we serve.”

Raga will assume the role previously held by Derek Porter. “Derek held several key positions with AES both in the U.S. and overseas. He was committed to growing DPL’s presence in the Dayton community and we appreciate his efforts in that area,” said Zagzebski.

Raga joined DP&L in 2010. He was DP&L’s vice president of public affairs overseeing corporate communications, government relations, community relations and corporate social responsibility. At DP&L, he also has held management roles in the safety, resource planning and environmental departments. He is the executive director of The DP&L Foundation. Previously, he served as vice president for advancement at Sinclair College also in Dayton. He is a former member of the Ohio House of Representatives and was appointed to serve on the State Controlling Board. A southwest Ohio native, Raga graduated from Cincinnati Moeller High School and earned a bachelor’s degree in agricultural economics and business management from Cornell University in Ithaca, NY.

“DP&L has a proud history,” said Raga. “Today, the company is challenged to provide a first-rate customer experience, develop new products and offer options to our customers taking advantage of developing technologies and energy alternatives. Above all, DP&L remains focused on providing safe and reliable power while continuing our long-standing commitment and involvement in the community.”

About The Dayton Power and Light Company and AES

The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL) a regional energy provider and an AES Company. DPL’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 515,000 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, through its subsidiaries, owns and operates approximately 3,000 megawatts of generation capacity, of which 2,000 megawatts are coal-fired units and 1,000 megawatts are solar, natural gas and diesel peaking units. For more information about the company, please visit www.dplinc.com. Follow DP&L on Twitter @DPLToday.

The AES Corporation (NYSE:AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 19 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 17,800 people is committed to operational excellence and meeting the world’s changing power needs. AES’ 2013 revenues were $16 billion and we own and manage $40 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

Share on StockTwits

What others are reading on Finances

Sorry. No data so far.


Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1