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Exhibit 21
DPL Inc. had the following subsidiaries on December 31, 2004:
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| State of Incorporation |
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The Dayton Power and Light Company |
| Ohio |
Miami Valley Insurance Company |
| Vermont |
DPL Energy, LLC |
| Ohio |
Plaza Building, Inc. |
| Ohio |
MVE, Inc. |
| Ohio |
DPL Finance Company, Inc. |
| Delaware |
DPL Energy Resources, Inc. |
| Ohio |
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