UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 3, 2007
Exact name of registrant
as specified in its
charter; Commission
File No.: | | Address of principal
executive offices; zip code;
registrant’s telephone
number, including area code: | | State or other jurisdiction of
incorporation or
organization; IRS Employer
Identification No.: |
| | | | |
Duquesne Light
Holdings, Inc.
1-10290 | | 411 Seventh Avenue
Pittsburgh, PA 15219
412-393-6000 | | Pennsylvania
25-1598483 |
| | | | |
Duquesne Light
Company
1-956 | | 411 Seventh Avenue
Pittsburgh, PA 15219
412-393-6000 | | Pennsylvania
25-0451600 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On January 3, 2007, Duquesne Light sold $44.25 million of Pollution Control Revenue Refunding Bonds, Series 1999D (Duquesne Light Company Project) issued November 18, 1999 by the Beaver County Industrial Development Authority. The Company acquired all of the bonds on September 14, 2005 and has held the bonds as sole beneficial owner since that date. As sole beneficial owner, Duquesne Light received the proceeds of the reoffering and sale of the bonds. The bonds bear a fixed rate of 4.50%, will mature on November 1, 2029 and are subject to redemption, in whole or in part, on or after January 1, 2017 at redemption price of 100%. The bonds are insured by a municipal bond insurance policy issued by Ambac Assurance Corporation simultaneously with the original issuance and delivery of the bonds.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Duquesne Light Holdings, Inc. |
| (Registrant) |
| |
Date: | January 8, 2007 | | /s/ Mark E. Kaplan | |
| (Signature) |
| Mark E. Kaplan |
| Senior Vice President and |
| Chief Financial Officer |
| |
| Duquesne Light Company |
| (Registrant) |
| |
Date: | January 8, 2007 | | /s/ Mark E. Kaplan | |
| (Signature) |
| Mark E. Kaplan |
| Senior Vice President and |
| Chief Financial Officer |
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