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DUQUESNE LIGHT COMPANY TO REDEEM PREFERENCE STOCK

 PITTSBURGH, Dec. 13 /PRNewswire/ -- Duquesne Light Company announced today that it has elected to redeem all outstanding shares of its $2.10 preference stock at $25 per share and all outstanding shares of its $7.50 preference stock at $101 per share.
 The redemption date will be Jan. 14, 1994. On that date, the redemption price plus accrued dividends from Jan. 1, 1994, will become due and payable. The amounts due will be paid upon surrender of the certificates representing the shares at: Duquesne Light Company, Shareholder Relations Department 17-5, One Oxford Centre, Pittsburgh, Pa. 15279.
 Beginning Jan. 14, 1994, dividends will cease accruing on all shares of the $2.10 and the $7.50 preference stock.
 The total amount of the $2.10 preference stock outstanding is $29.4 million and the total amount of the $7.50 preference stock outstanding is $8.6 million.
 -0- 12/13/93
 /CONTACT: Dennis O'Neil, general manager, public affairs, of Duquesne Light, 412-393-4060/
 (DQE)


CO: Duquesne Light Company ST: Pennsylvania IN: OIL UTI SU:

KC -- PG004 -- 3040 12/13/93 09:17 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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