1. ESMEC-ET Electric Supply Portfolio Report July 9, 2015

2. 2 Contents I. Supply Portfolio ResultsPage # A. Key Performance Measures 4 B. Electric Supply Cost Chart – FY15 5 C. Electric Supply Cost Summary – FY15 6 II. Portfolio Hedge Strategy Review A. Hedge Position Chart 8 B. Open Blocks Purchased and Scheduled Purchases 9 C. Proforma Hedge Position Chart 10 D. Forward Market Price Reports 11-12 E. Hourly Market Price Reports 13-14 III. Portfolio Billing Rates A. Portfolio Cost and Billing Rate History 16 B. Electric Supply Portfolio vs. DPL SOS Rate Summary 17 C. Working Capital – Billing Rate Comparison 18 D. FY15 Billing Rates by Rate Schedule 19 E. FY16 Billing Rates by Rate Schedule (Budget) 20 Appendix 22-28

3. 3 I. Supply Portfolio Results

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7. 7 II. Portfolio Hedge Strategy Review

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9. 9

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13. 13

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15. 15 III. Portfolio Billing Rates

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21. 21 Appendix

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28. 28 UPDATE