Exhibit 99.1


DPL Reports on Status of Audit Committee Review

DAYTON, Ohio--April 30, 2004--DPL Inc. (NYSE: DPL) said today that the Audit
Committee of the Company's Board of Directors is continuing its review of the
previously disclosed matters raised by a company employee. The Audit Committee
expects to complete its review in the near future.

The Company's independent auditors have not certified the Company's financial
statements pending the outcome of the Audit Committee's review. As a result, the
Company has not filed its annual report on Form 10-K for the year ending
December 31, 2003.

"We expect the Audit Committee will complete its review as soon as practicable,"
said Stephen F. Koziar, Jr., Chief Executive Officer of DPL. "In the meantime,
all of our customers and the public at large can be assured that we will
continue to deliver the highest level of service and responsiveness to our
customers needs."

The Company emphasized that it has the liquidity to meet its near-term operating
requirements. The Company has $100 million in cash and $70 million in public
securities available to meet its liquidity needs as of April 30, 2004. Earlier
this month, the Company redeemed $500 million of debt by using $175 million of
private placement notes, $202 million from the Financial Asset Portfolio and
$123 million from core operations.

On March 30, 2004, the Company announced that the delay in obtaining certified
financial statements had resulted in non-compliance with the reporting
requirements under certain of the Company's debt agreements. The delay has
resulted in additional non-compliance with the reporting requirements under
certain of the Company's other indentures and material debt agreements. The
delay, however, does not result in an automatic event of default and
acceleration of the long-term debt of the Company. If the trustee under the
related indenture or the holders of the requisite percentage of the outstanding
principal amount of any relevant series of debt securities provides notice of
such non-compliance to the Company and the Company fails to file and deliver the
2003 Form 10-K within a specified number of days (at least 60 days) after such
notice is provided, then either the trustee under the indenture or such holders
will have the right to declare an event of default and accelerate the maturity
of the relevant series of debt securities. To date, the Company has not received
any such notice. In addition, if the related trustee or the required percentage
of holders under one series of debt securities were to give such a notice and,
after the relevant cure period expired, were to accelerate the maturity of such
debt securities, then the principal amount of certain other series of debt
securities could be accelerated without the lapse of an additional cure period.

The Company had previously obtained waivers from its lenders under its term loan
and revolving credit facilities. No amounts are outstanding under such
facilities and no amounts may be drawn prior to the filing of certified
financials.

The Company also said that it does not intend to pay its regular quarterly
dividend until the Audit Committee completes its review and the Company obtains
certified financial statements.

About DPL

DPL Inc. is a diversified, regional energy company. DPL's principal subsidiaries
include The Dayton Power & Light Company (DP&L) and DPL Energy. DP&L provides
electric services to over 500,000 retail customers in West Central Ohio. DPL
Energy markets over 4,600 megawatts of generation capacity throughout the
eastern United States. DPL Inc., through its subsidiaries, ranks among the top
energy companies in generation efficiency and productivity. Further information
on DPL Inc. can be found at http://www.dplinc.com.

Certain statements contained in this release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Matters presented which relate to events or developments that are expected to
occur in the future, including management's expectations, strategic objectives,
business prospects, anticipated economic performance and financial condition and
other similar matters constitute forward-looking statements. Forward-looking
statements are based on management's beliefs, assumptions and expectation of the
Company's future economic performance, taking into account the information
currently available to management. These statements are not statements of
historical fact. Such forward-looking statements are subject to risks and
uncertainties and investors are cautioned that outcomes and results may vary
materially from those projected due to many factors beyond DPL's control.
Forward-looking statements speak only as of the date of the document in which
they are made. We disclaim any obligation or undertaking to provide any updates
or revisions to any forward-looking statement to reflect any change in our
expectations or any change in events, conditions or circumstances on which the
forward-looking statement is based.

    CONTACT: DPL Inc.
             DPL Medialine, 937-224-5940