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DQE ISSUES EARNINGS

 DQE ISSUES EARNINGS
 PITTSBURGH, Jan. 24 /PRNewswire/ -- DQE (NYSE: DQE) today reported


earnings, as follows:
 Financial Data
 (all figures in thousands except per share amount)
 (unaudited)
 Period ended Three Months Twelve Months
 Dec. 31, 1991 1990(A) 1991 1990(A)
 Total oper. revenues $289,447 $271,367 $1,199,468 $1,130,893
 Net income 28,428 28,425 133,631 121,672
 Average number of common
 shares outstanding
 (thousands) 52,937 53,759 53,391 54,432
 Earnings per share of
 common stock $0.54 $0.53 $2.50 $2.24
 Dividends declared per
 share of common stock $0.38 $0.36 $1.46 $1.38
 (A) Reclassified to conform to 1991 presentation.
 Duquesne Light Company, an electric utility, is the principal subsidiary of DQE and had the following sales in millions of kilowatt-hours for the periods indicated.
 Retail sales:
 Residential 751 722 3,285 3,078
 Commercial 1,284 1,252 5,450 5,236
 Industrial 786 793 3,042 3,296
 Other 21 21 84 84
 Total sales to customers 2,842 2,788 11,861 11,694
 -0- 1/24/92
 /CONTACT: Edward H. Sehon of DQE, 412-393-6058, or home at 412-571-0126/
 (DQE) CO: DQE ST: Pennsylvania IN: UTI SU: ERN


CD -- PG005 -- 3245 01/24/92 16:14 EST
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Date:Jan 24, 1992
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