New Jobs, Expanded Local Businesses Goal of Duquesne Light Economic Development Initiative
Utility Offering Discounted Electric Rates for Expanding Companies
Adding New Jobs
PITTSBURGH, Jan. 15 /PRNewswire-USNewswire/ -- Duquesne Light today announced a new economic development program designed to encourage commercial and industrial customers to expand and add new jobs in the company's service territory by providing discounted electric prices. Available to a maximum of 50 megawatts (MW) per year, the program will support expanding commercial and industrial customers by offering a discount of up to $3 per MW of new load for up to three years at a new or expanded facility. To qualify, customers must add at least 10 MW of new or expanded electrical load, and create two new full-time jobs per MW of new load. An applicant also can qualify if they demonstrate that the new or expanded load, if less than 10 MW, has other significant economic development benefits. A complete list of criteria and an online application can be found by clicking the "Helping Our Region Grow" graphic at www.duquesnelight.com. The discount, which will be credited toward the customer's monthly distribution charge, will begin when usage associated with the expanded load and associated job creation has occurred. The program is scheduled to run through March 1, 2013, unless Pennsylvania adopts a statewide economic development program prior to the end date. "Our success as a company is directly connected to the success of the communities we serve," said Morgan O'Brien, CEO of Duquesne Light. "We work very hard with various stakeholders to ensure Pennsylvania can compete with other states for new business and expansion of local businesses that provide new family-supporting jobs. It is our hope that this new program will spur industries to think about how they can grow and therefore add to the economic vitality of this region." Last year, Duquesne Light joined major Pittsburgh-based steel-producers U.S. Steel and Allegheny Technologies in support of new state legislation that would permit utilities to offer large industrial customers long-term, fixed-rate electricity contracts. The new legislation is designed to help large industrial users better predict and manage their operating costs, preserving and, over time, potentially adding new jobs. About Duquesne Light Company 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 throughout southwestern Pennsylvania.
SOURCE Duquesne Light
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