Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Duquesne Light Company Deal - Lehman Brothers Collection

Duquesne Light Company

Company Deal1952 financing, 140,000 shares 4.15% preferred stock, $14,000,000 first mortgage bonds series due September 1, 1982
Transaction TypePreferred Stock / First Mortgage Bonds
Deal DescriptionDuquesne 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.
Harvard Business School Harvard Business School Baker Library Histrorical Collections