Possible Dp&L Sale Discussed ; but Analysts Say Merger with American Electric Power Long Way From Happening

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DAYTON -- A purchase of Dayton Power and Light Co. by American Electric Power could be a boon to investors in both companies, and may even mean lower electricity bills for DP&L customers, utility industry observers said Friday.

But they cautioned that such a merger is a long way from reality, despite AEP Chief Executive Michael Morris' statement Thursday that he'd be interested in buying DP&L under the right conditions.

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Possible Dp&L Sale Discussed ; but Analysts Say Merger with American Electric Power Long Way From Happening

"There are probably many situations under which he wouldn't do it," said industry analyst Paul Patterson of Glenrock Associates in New York. "That's a big 'if.' "

P...

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