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RULING BY THE NEW JERSEY BOARD OF REGULATORY COMMISSIONERS

 PITTSBURGH, Dec. 8 /PRNewswire/ -- The New Jersey Board of Regulatory Commissioners (BRC) today rejected General Public Utilities' (GPU) request for approval of the GPU-DQE Power Sale by a 3-to-0 vote. GPU immediately responded by announcing its withdrawal from the GPU-DQE Project.
 Duquesne Light Company today issued the following statement:
 "Duquesne Light is disappointed but not totally surprised by GPU's action.
 "A key issue identified by the Board of Regulatory Commissioners was that GPU had demonstrated inconsistency in its request. According to the BRC, GPU's `...decision to continue pursuing the Duquesne agreement seemed inconsistent with the position it took as recently as last month when it received board permission to withdraw a request for long-term power supply bids from non-utility generators. At that time (GPU) cited as its reasons increasing competition in the electric industry and the company's desire to avoid excessive long-term power purchase contracts, in order to retain sufficient flexibility in a changing market.'
 "It is this action that apparently brought into question GPU's request for approval of the GPU-DQE 500 megawatt power sale. GPU earlier testified in New Jersey and Pennsylvania that it needed several thousand additional megawatts of electric supply to meet its energy requirements by the year 2000. GPU officials subsequently canceled an outstanding request for additional long-term energy supplies in the latter stages of the New Jersey proceeding.
 "Duquesne Light appreciates the outstanding commitment that the project has received from hundreds of leading business and labor organizations representing millions of Pennsylvania workers. Thousands of people have individually shown their support for the project through letters and signed petitions.
 "Along with Duquesne Light, these supporters believe firmly that the project offered a unique opportunity to create thousands of new jobs in Pennsylvania. They reinforced our commitment to invest more than $500 million in a stronger competitive position for Pennsylvania energy. They shared our recognition of the importance of this project in lowering costs for utility consumers. Their support is deeply appreciated by Duquesne Light."
 /delval/
 -0- 12/8/93
 /CONTACT: Dennis E. O'Neil, general manager, public affairs, of Duquesne Light, 412-393-4060/
 (DQE)


CO: New Jersey Board of Regulatory Commissioners; GPU Corporation;
 Duquesne Light ST: Pennsylvania IN: OIL UTI SU:


KC-PT -- PG011 -- 1972 12/08/93 18:03 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:372
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