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 Deal1959 financing, $10,000,000 first mortgage bonds, series due March 1, 1989
Transaction TypeFirst Mortgage Bonds
Deal DescriptionDuquesne Light Company used the net proceeds from this transaction to finance construction expenditures, including the payment of short-term bank loans incurred for construction purposes. The largest projects in connection with these expenditures were to be made during 1959-1961, including the completion of the fourth unit at the Elrama Generating Plant and the construction of an additional generating unit elsewhere on the system. The balance of expenditures which may have been made during this period embraced rehabilitation and expansion of production, transmission, and distribution systems, new business construction, and miscellaneous projects.
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