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DP&L requests a rate hike.

"Dayton Power & Light customers may be on the hook for millions of dollars in extra fees on their monthly electric bills if the Public Utilities Commission of Ohio grants requests that consumer advocates say are related to maneuvering done to minimize the effects of deregulation."

If DP&L has to ask for a rate hike, it's bit deregulated.

"The deregulation law required electric utilities to transition from state regulated monopolies to businesses that vie for customers in a competitive market. The thinking was that competition brings lower prices, which benefits consumers.
However, the switch to a competitive market has taken far longer than initially expected, and OCC is accusing DP&L of purposely causing delays in order to collect more fees."

Well, duh.

"“Basically, DP&L is asking the PUCO to delay its full transition to market until it can make more profit and have its customers pay more. That’s a bad idea for Ohioans.”"

Ordering a company to sell assets isn't deregulation either.