Notice of Intention to Redeem to the Holders of Duquesne Light Company 6.70% First Mortgage Public Income Notes (PINES) due 2032

PITTSBURGH, March 29  /PRNewswire-FirstCall/ -- NOTICE IS HEREBY GIVEN that, pursuant to the Indenture of Mortgage and Deed of Trust, dated as of April 1, 1992, as amended and supplemented, between Duquesne Light Company (the "Company") and Bank of New York Trust Company, N.A., successor Trustee to JPMorgan Chase Bank (the "Trustee"), the Company intends to redeem on April 30, 2007 (the "Redemption Date") the security of the series described below, at the redemption price indicated below:

  -- First Mortgage Bonds, Series
     -- CUSIP 266228832
     -- NYSE Ticker Symbol: DQC
     -- Book Entry
        -- 6.70% due April 30, 2032
        -- Principal Amount to be Redeemed: $100,000,000 (Full Redemption)
        -- Redemption Price Per Share: $25.00 (PAR)



This notice is conditioned on, and redemption will be made only upon, the receipt by the Trustee on or prior to the Redemption Date of money sufficient to pay the principal of and premium, if any, and interest on the securities to be redeemed.  If such money is not received by the Trustee, this Notice shall be of no force or effect and the Company shall not be required to redeem such securities.

If money sufficient for the redemption is received by the Trustee on or prior to the Redemption Date, the redemption price together with accrued interest to the Redemption Date, will become due and payable upon each such security to be redeemed, and interest thereon will cease to accrue on and after such date.

You may contact the Company at [phone] or the Trustee at [phone] with any questions concerning this notice of redemption.

                                        DUQUESNE LIGHT COMPANY
                                        By: __________________
                                        William F. Fields
                                        Vice President and Treasurer


                        IMPORTANT TAX INFORMATION



Federal law may require paying agents making payments of interest or principal to withhold a 28% tax from remittances to individuals who have failed to furnish the paying agent with a valid taxpayer identification (social security) number. 

DATASOURCE: Duquesne Light Company



CONTACT: Joseph Vallarian of Duquesne Light, [phone], or

 

Copyright