DQE

For other uses, see DQE (disambiguation).

DQE Holdings, Inc.

Type	Public (NYSE: DQE)
Industry	Utility
Founded	1912
Headquarters	Pittsburgh, Pennsylvania
Key people	Morgan K. O'Brien, Chairman and CEO
Products	Electric Power
Revenue	$942 million USD
Employees	1,800
Website	www.duquesnelight.com

DQE Holdings is a traditional utility company based in downtown Pittsburgh, Pennsylvania. The company provides electric power to much of metro Pittsburgh, competing with longtime rival Allegheny Power and has extended its services into northern West Virginia and eastern Ohio. Through its chief subsidiary, Duquesne Light, the corporation provides energy to over 600,000 homes and businesses. Power is primarily generated via coal power plants. However, the company is attempting to change this trend and, through its Duquesne Energy Solutions subsidiary, is developing cleaner power sources, including synthetics. The company is also actively involved in the reclamation of gases from landfills.

Aside from electricity production, the corporation also operates a massive network of fiber-optic cables through DQE Communications. This subsidiary is a growing internet service provider in suburban Pittsburgh.

In 2007, Duquesne Holdings merged with the MacQuarie Consortium and ceased to trade on the NYSE.

Historic incorporation

Duquesne Light was one of the dozens of companies founded by inventor George Westinghouse and for its first 75 years of operation (1870s-1940s) was a subsidiary of the holding company known as the "Philadelphia Company". [1] Other such companies also founded by Westinghouse such as the Equitable Gas company and other "Equitable" energy/electronic companies were equal subsidiaries with DQE when it was a subsidiary of the Philadelphia Company. [2]

References

Official Web site

Macquarie acquires Duquesne Holdings