PITTSBURGH, Feb. 19 /PRNewswire/ -- Beginning tomorrow, Duquesne Light
residential customers who use electricity to heat their homes will see an
average reduction of 39 percent in their overall bills. These 23,500
customers will join a half-million other Duquesne Light customers whose bills
decreased by nearly 20 percent last March, due to the elimination of the
Competitive Transition Charge (CTC) from their monthly bills.
"In less than a year, we've delivered bill reductions totaling
$220 million annually to our commercial and residential customers," said
Morgan K. O'Brien, president and chief executive officer of DQE, Inc.,
Duquesne Light's parent company. "This is great news, not only for our
customers but also for the entire Pittsburgh region. Competitive electric
rates are vital to economic development and attracting companies interested in
either relocating to or expanding in the region."
As a result of the CTC elimination, electric heat customers will see an
average annual savings of approximately $445. Their average monthly bill of
$96.18 will drop to $59.08.
Duquesne Light is the first electric utility in Pennsylvania to eliminate
the CTC from customer bills. The CTC enabled electric companies to recover
transition costs as the industry restructured into a competitive environment.
Duquesne Light is passing these savings on to customers seven years sooner
than any other Pennsylvania electric utility.
"With this major reduction in residential customer bills complete,
Duquesne Light is focused on delivering a steady supply of electricity at
predictable rates beyond 2004," said Duquesne Light President Victor Roque,
one of the architects of Pennsylvania's landmark Electricity Generation
Customer Choice and Competition Act of 1996.
Duquesne Light is negotiating post-2004 supplier agreements for its
Provider of Last Resort (POLR) customers, those customers who haven't switched
to an alternative generation supplier. Roque anticipates an agreement being
reached by late 2003.
About Duquesne Light
Duquesne Light Company is a leader in the transmission and distribution of
electric energy, offering technological innovation and superior customer
service and reliability to more than a half-million customers throughout
SOURCE Duquesne Light