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Investors
Investor Information

Welcome to the Duquesne Light Investor Information Homepage. This page is designed to provide financial and operational information to investors and creditors of Duquesne Light Holdings, Inc. and its utility subsidiary, Duquesne Light Company.

Investor Contacts
Treasurer
James H. Milligan
(412) 393-1216
jmilligan@duqlight.com

Treasury Supervisor
Lexi Moore
(412) 983-6979
lmoore@duqlight.com

Upcoming Events
1Q 2025 Earnings Call (Invitation Only)
11:00 A.M. EST, Tuesday, May 13, 2025
Webcast Link: https://dealroadshow.com

INVESTORS

Financial Information

Duquesne Light Holdings, Inc. and Duquesne Light Company provide financial information to accredited or institutional investors and creditors via a secure online repository hosted by FINSIGHT, an independent third-party. Duquesne Light Holdings, Inc. and Duquesne Light Company provide the following financial information via FINSIGHT: quarterly unaudited financial statements, audited annual financial statements and investor presentations.

  • If you are an accredited or institutional investor and would like to request access to FINSIGHT in order to view financial information for Duquesne Light Holdings, Inc., Duquesne Light Company or both, please submit your request  here.
  • If you already have access to FINSIGHT and know your username and password, please click click here.
  • If you require additional assistance, or have any questions, please contact Duquesne Light’s investor contacts listed above.

In addition, Duquesne Light Company, the regulated utility subsidiary of Duquesne Light Holdings, Inc., provides financial information to several public sources for regulatory and continuing disclosure purposes, including the following:

Regulatory Bodies

Pennsylvania Public Utility Commission (Duquesne Light Company)

Federal Energy Regulatory Commission (Duquesne Light Company)

Ownership Information

In May 2007, Duquesne was acquired by a consortium of private equity investors. The consortium consists of several institutional investors which own all of the common equity of our parent company, DQE Holdings LLC.

Below are the members of the consortium and their ownership interests in DQE Holdings LLC:

Epsom Investment Pte. Ltd. (Epsom) is an affiliate of GIC Pte. Ltd. (GIC).  GIC is a global investment management company established in 1981 to manage Singapore’s foreign reserves.  GIC invests internationally in equities, fixed income, foreign exchange, commodities, money markets, alternative investments, real estate, private equity and infrastructure.  GIC manages well over $100 billion in assets.  GIC’s infrastructure portfolio is focused on minority equity stakes in infrastructure assets across various subsectors including transportation, energy and utilities and communications.

Three Rivers Utility Holdings, LLC (Three Rivers) is a Delaware limited liability company whose members are John Hancock Infrastructure Fund, part of Manulife Investment Management, and John Hancock Life Insurance Company (U.S.A.) (collectively, Manulife Investment Management); and PGGM Infrastructure Fund (PGGM). Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. PGGM is a Dutch pension fund service provider, serving multiple Dutch pension funds and managing over €230 billion in assets. PGGM’s infrastructure team manages a large portfolio of investments globally and focuses on energy and utilities, transportation, telecom and social infrastructure.


AIA Montana LLC (AIA) is managed by Argo Infrastructure Partners, based in New York City and is owned by APG Americas Infrastructure (APG) and the California State Teachers’ Retirement System (CalSTRS).  APG is an affiliate of APG Asset Management N.V., one of the world’s largest managers of pension fund assets.  APG previously held an indirect interest in the LLC via a prior owner and has several direct investments in United States infrastructure assets.  CalSTRS, the largest public teacher fund in the United States, has been an investor in the LLC (by virtue of its investment in IFM) since 2012 and has investment experience in several other regulated utilities. 

Entity % Owner Since
GIC Pte. Ltd. 
(Epsom Investment Pte Ltd.) 		44.4% 2011
Manulife Investment Management/PGGM Infrastructure Fund
(Three Rivers Utility Holdings, LLC)		 30.4% 2016
APG Americas Infrastructure/CalSTRS/Argo Infrastructure Partners
(AIA Montana LLC)		 25.2% 2017
Preferred Shareholders

All preferred stock has been redeemed. Please see the FAQs section for additional information regarding preferred stock, and direct all correspondence to EQ Shareowner Services.

Phone: 1-866-280-0237

Address:
1110 Centre Pointe Curve
Suite 101
Mendota Heights, MN 55120-4100 

Common Shareholders

In May 2007, Duquesne was acquired by a consortium of private equity investors. As a result, and also occurring in 2007, the consortium acquired all outstanding shares of Duquesne Light Holdings common stock, trading of Duquesne Light Holdings common stock on the New York Stock Exchange ended, and the Duquesne Light Shareholder Relations Department was closed. Please see the FAQs section for additional information regarding common stock, and direct all correspondence to EQ Shareowner Services.

Phone: 1-866-280-0237

Address:
1110 Centre Pointe Curve
Suite 101
Mendota Heights, MN 55120-4100

FAQs

Preferred Shareholders

    Does Duquesne Light have any preferred stock outstanding?

      No. All preferred stock has been redeemed. Shareholders were paid cash for their shares, and were issued final dividends.

    Will I still receive dividends?

      No. All preferred stock has been redeemed. Shareholders were paid cash for their shares, and were issued final dividends

    Whom do I contact if I did not receive my buy-out check, to update an address, or for additional information?

      Please direct all future correspondence related to Duquesne Light’s preferred stock to EQ Shareowner Services.
      Phone: 1-866-280-0237
      Address:
      1110 Centre Pointe Curve
      Suite 101
      Mendota Heights, MN 55120-4100

    The shareholder is deceased. How do I have their liquidation and dividend checks reissued?


    How do I transfer ownership of shares?

Common Shareholders

    Why is my stock no longer listed on the NYSE?

      In May 2007, Duquesne was acquired by a consortium of private equity investors. Under the terms of the merger agreement, the consortium acquired all outstanding shares of Duquesne Light Holdings for $20 per share in cash. Additionally, a partial dividend of $.2252745 per share was issued on June 8, 2007, to holders of record on May 30, 2007. These actions resulted in trading of Duquesne Light Holdings common stock on the New York Stock Exchange to end on May 31, 2007. Subsequently, the paying agent, Wells Fargo Shareowner Services (now EQ Shareowner Services), mailed checks for the merger consideration to the address of record of shareholders who held shares in the Duquesne Light dividend reinvestment and stock purchase plan, as well as to those who held shares electronically in book entry. Shareholders physically possessing common stock certificates were mailed instructions on how to exchange stock certificate(s) for the merger consideration.

    Will I still receive dividends?

      No. All common stock shares were bought out during the merger. Shareholders were paid cash for their shares, and were issued final dividends.

    Does Duquesne Light still have a Shareholders Relations Department?

      No. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Please direct all future correspondence related to the purchase of Duquesne Light’s common stock to EQ Shareowner Services.
      Phone: 1-866-280-0237

      Address:
      1110 Centre Pointe Curve
      Suite 101
      Mendota Heights, MN 55120-4100

    Whom do I contact if I did not receive my buy-out check, to update an address, or for additional information?

      EQ Shareowner Services.

    The shareholder is deceased. How do I have their liquidation and dividend checks reissued?


    How do I transfer ownership of shares?

We Don’t Just Power Your Lights,
We Power The Moments You Call Life.

One More Reason We’re Larger Than Light.