PITTSBURGH, Aug. 19 /PRNewswire-FirstCall/ -- The Pennsylvania Public
Utility Commission today announced its decision rejecting Duquesne Light
Company's (NYSE: DQE) plan to supply a secure source of electricity for
customers from 2005 through 2010.
While deferring full reaction until it receives and reviews a copy of the
official order, Duquesne Light officials expressed disappointment with initial
reports of the decision and will consider a full range of options to protect
the interests of its customers and shareholders.
"No customers in the state have benefited more than Duquesne Light's as a
result of the innovative steps we have taken since the deregulation of
electric generation in Pennsylvania," said Morgan K. O'Brien, president and
chief executive officer. "In developing our supply proposal, we've, once
again, worked very hard with the Office of the Consumer Advocate, the Office
of Small Business Advocate and the Duquesne Industrial Intervenors to provide
what our customers have said they wanted -- a reliable, secure energy source
at reasonable prices -- for a six-year period. The administrative law judge,
who presided over the case and weighed considerable testimony from a variety
of parties, agreed with our amended proposal. Today's decision by the PUC
commissioners to reject that consensus plan -- approved by its own
administrative law judge -- jeopardizes our ability to do that. In addition
to potentially exposing our customers to an uncertain energy marketplace in
2008, limiting our supply plan to three years likely will prevent us from
providing service at the rates outlined in the PUC news release."
About Duquesne Light
Duquesne Light Company is a leader in the transmission and distribution of
electric energy, offering superior customer service and reliability to more
than half a million customers in southwestern Pennsylvania.
SOURCE Duquesne Light