World Library  
Flag as Inappropriate
Email this Article
 

Dqe

Duquesne Light Holdings, Inc.
Private company
Industry Utility
Founded 1912
Headquarters Pittsburgh, Pennsylvania
Key people
Richard Riazzi, CEO
Products Electric Power and Related Services
Owner GIC Private Limited (31%)
IFM Investors (25%)
Macquarie Group (24%)
Macquarie/First State Super (13%)
State Super (7%)[1]
Number of employees
1,200
Slogan Our energy, your power
Website www.duquesnelight.com

Duquesne Light Holdings, Inc. (“DLH”) is an energy services holding company formed in 1989 to serve as the holding company for Duquesne Light Company and to engage in certain unregulated energy and related businesses. After a 2007 acquisition, DLH is a wholly owned subsidiary of parent company DQE Holdings LLC, with principal executive offices located in Pittsburgh, Pennsylvania.

Through its chief subsidiary, Duquesne Light Company, the corporation provides energy to over 588,000 homes and businesses.

Historic incorporation

Duquesne Light manhole cover.

Duquesne Light was one of the dozens of companies founded by inventor [2] 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'.[3]

In 1997, Duquesne and Allegheny Energy agreed to a $4.3 billion merger with headquarters remaining in Hagerstown, Maryland.[4] However DQE backed out of the deal by 1998.[5]

In May 2007, Duquesne was acquired by a consortium led by affiliates of the Australian-based Macquarie Group Limited. The consortium consists of several institutional investors which own all of the common equity of parent company, DQE Holdings, LLC. This classifies it as an investor-owned utility. In 2010, GIC Private Limited acquired a 29% stake from original investor DUET Group.[6]

References

  1. ^ Ownership Information
  2. ^ http://www.library.hbs.edu/hc/lehman/chrono.html?company=philadelphia_company
  3. ^ http://www.library.hbs.edu/hc/lehman/chrono.html?company=philadelphia_company
  4. ^ http://articles.baltimoresun.com/1997-04-08/business/1997098006_1_allegheny-energy-allegheny-power-electric-utility
  5. ^ http://old.post-gazette.com/businessnews/19980729bdqe1.asp
  6. ^ North American power deals — Q4 2010 (PDF), retrieved 2015-02-11 

External links

  • Official Web site
  • Macquarie acquires Duquesne Holdings
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.