Duquesne Light Reduces Bills for Residential Electric Heat Customers By 39 Percent
23,500 Customers to See Annual Savings of $445
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 southwestern Pennsylvania.
SOURCE Duquesne Light
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