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Article: Duquesne Light agreement drops some energy costs
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- February 23, 2007
- Author:
CopyrightCopyright 2007 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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Duquesne Light Co. would provide a discount on electricity service
to new or expanding companies under terms of a settlement agreement
tied to its parent company's acquisition by an investment group.
The markdown -- designed for large businesses that are boosting
their power needs and payrolls -- was among dozens of points that the
Downtown-based company worked out this month with business and
consumer groups and others who questioned Duquesne Light Holdings' $3
billion deal with the Macquarie Consortium, six investment funds led
by Australia's Macquarie Group.
The settlement was filed last week with a state Public Utility
Commission administrative law judge, who can recommend its approval ...