IRS Reaffirms Synfuel Facilities Operated by Duquesne Light Holdings Subsidiary Are Eligible to Earn Tax Credits
February 16 2006 - 5:05PM
PR Newswire (US)
PITTSBURGH, Feb. 16 /PRNewswire-FirstCall/ -- Duquesne Light
Holdings is pleased to report that the company has been notified by
the Internal Revenue Service that six synthetic fuel facilities,
originally constructed and now operated by subsidiary Duquesne
Energy Solutions, were determined to be properly placed into
service in order to earn tax credits related to the production and
sale of non-conventional fuels. A Feb. 14 letter from the IRS
states that, after further review, all six synthetic fuel
facilities were placed in service before June 30, 1998. About
Duquesne Light Holdings Duquesne Light Holdings is comprised of an
electric-utility company and several affiliate companies that
complement the core business. Duquesne Light Company, its principal
subsidiary, is a leader in the transmission and distribution of
electric energy, offering superior customer service and reliability
to more than half a million customers in southwestern Pennsylvania.
Duquesne Energy Solutions is an energy facilities management
company that provides outsourcing solutions, including operation
and maintenance of energy and synthetic fuel facilities. First Call
Analyst: FCMN Contact: mmueller@duqlight.com DATASOURCE: Duquesne
Light Holdings CONTACT: Media, Joe Balaban, +1-412-232-6848, or
Financial Community, Darrin Duda, CFA, +1-412-393-1158, both of
Duquesne Light Holdings
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