Two federal agencies have launched a criminal investigation into Ohio power company DPL Inc., which last month fired three top executives after investigators hired by its audit committee issued a report criticizing upper management.
The office of the U.S. Attorney for the Southern District of Ohio, with assistance from the Federal Bureau of Investigation, has begun its own probe into matters related to DPL’s internal investigation, the company said in a very brief SEC filing. The company provided no additional details, except to say it is cooperating with the investigation.
DPL has been under attack on a number of fronts.
Last Thursday, the Public Utilities Commission of Ohio ordered DPL to file a plan of utility financial integrity within 120 days after the company files its annual report with the SEC. The goal of that plan, stated the company, is to outline how DPL will ensure that the Dayton Power and Light Co.’s utility operations, and its customers, are insulated from the parent company’s unregulated activities.
In March, the controller of DPL Inc. charged the parent company’s top executives with self-dealing.