| Company Deal | 1952 financing, 140,000 shares 4.15% preferred stock, $14,000,000 first mortgage bonds series due September 1, 1982 |
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| Transaction Type | Preferred Stock / First Mortgage Bonds |
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| Deal Description | Duquesne Light Company applied the net proceeds from this transaction to pay short-term bank loans incurred for construction purposes and to finance in part the company's 1952-1954 construction program. The 1952-1954 construction program involved the completion of the first two units of a new generating plant, the construction of a third generating unit at the same plant, and the construction of a fourth generating unit at another plant. The balance of the construction program embraced production, transmission, and distribution system rehabilitation and expansion, new business construction, and miscellaneous projects. |
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