IRS Reaffirms Synfuel Facilities Operated by Duquesne Light Holdings Subsidiary Are Eligible to Earn Tax Credits

PITTSBURGH, Feb. 16  /PRNewswire-FirstCall/ -- Duquesne Light Holdings is pleased to report that the company has been notified by the Internal Revenue Service that six synthetic fuel facilities, originally constructed and now operated by subsidiary Duquesne Energy Solutions, were determined to be properly placed into service in order to earn tax credits related to the production and sale of non-conventional fuels.

A Feb. 14 letter from the IRS states that, after further review, all six synthetic fuel facilities were placed in service before June 30, 1998.

About Duquesne Light Holdings

Duquesne Light Holdings is comprised of an electric-utility company and several affiliate companies that complement the core business.  Duquesne Light Company, its principal subsidiary, 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.  Duquesne Energy Solutions is an energy facilities management company that provides outsourcing solutions, including operation and maintenance of energy and synthetic fuel facilities. 

First Call Analyst: 

FCMN Contact: [e-mail] 

DATASOURCE: Duquesne Light Holdings



CONTACT:  Media, Joe Balaban, [phone], or Financial Community,

Darrin Duda, CFA, [phone], both of Duquesne Light Holdings

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