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):
April 28, 2000
DQE, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-10290 25-1598483
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
Cherrington Corporate Center, Suite 100
500 Cherrington Parkway, Coraopolis, Pennsylvania 15108-3184
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 269-0700
N/A
(Former name or former address, if changed since last report.)
Item 1. Not applicable.
Item 2. Acquisition or Disposition of Assets
On April 28, 2000, DQE's wholly owned subsidiary Duquesne Light Company
announced the completion of its sale of all of its power generation facilities
to Orion Power MidWest, L.P., a subsidiary of Orion Power Holdings, Inc. The
sale was consummated pursuant to a September 24, 1999 asset purchase agreement
in which Duquesne Light agreed to sell its seven power generating facilities to
Orion for approximately $1.7 billion. A copy of the asset purchase agreement was
included with a Current Report on Form 8-K filed with the SEC on September 29,
1999. The generation facilities total 2,614 megawatts of capacity. The
facilities are located in Pennsylvania and Ohio, and include 3 plants that
Duquesne Light acquired from FirstEnergy in the swap of generating assets that
occurred in December 1999. In the transaction, Orion also acquired the
obligation to provide Duquesne Light with electricity to serve customers who
have not selected an alternative generation supplier as part of Pennsylvania's
retail choice program, pursuant to the terms of a provider of last resort
agreement. A copy of the provider of last resort agreement was also included
with the Current Report on Form 8-K filed with the SEC on September 29, 1999.
Items 3-6. Not applicable.
Item 7. Exhibits.
99.1 Pro Forma Financial Statements of DQE.
Items 8-9. Not applicable
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DQE, Inc.
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(Registrant)
Date May 12, 2000 /s/ Morgan K. O'Brien
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(Signature)
Morgan K. O'Brien
Executive Vice President,
Corporate Development