Investors

Pennsylvania Public Utility Commission (Duquesne Light Company)

Federal Energy Regulatory Commission (Duquesne Light Company)

Federal Communications Commission (DQE Communications)

In May 2007, Duquesne was acquired by a consortium of private equity investors. The consortium consists of several institutional investors which own all of the common equity of our parent company, DQE Holdings LLC.

Below are the members of the consortium and their ownership interests in DQE Holdings LLC:

Epsom Investment Pte. Ltd. is an affiliate of GIC Pte. Ltd. (GIC). GIC is a global investment management company established in 1981 to manage Singapore’s foreign reserves. GIC invests internationally in equities, fixed income, foreign exchange, commodities, money markets, alternative investments, real estate, private equity, and infrastructure. GIC manages well over $100 billion in assets and is among the world’s largest fund management companies. GIC’s infrastructure portfolio is focused on minority equity stakes in infrastructure assets across various subsectors including transportation, energy and utilities, and communications.

Three Rivers Utility Holdings, LLC (Three Rivers) is a limited liability company formed under the laws of the State of Delaware. Its members are John Hancock Entities and PGGM Infrastructure Fund 2016 (PGGM Fund 2016). The John Hancock Entities collectively hold 33.33% of Three Rivers. The John Hancock Entities are wholly owned, indirect subsidiaries of Manulife Financial Corporation (Manulife). Manulife is a Canadian, publicly traded financial services company with operations in Asia, Canada, and the United States. PGGM Fund 2016 is an asset-class pooled investment vehicle and is the economic beneficiary of the remaining 66.67% of the membership interests in Three Rivers. The legal title to those membership interests is held by Stichting Depositary PGGM Infrastructure Funds, which is a foundation organized under the laws of the Netherlands. Various Dutch pension funds participate in PGGM managed funds, including in PGGM Fund 2016.

AIA Montana LLC (AIA) is managed by Argo Infrastructure Partners, based in New York City and is owned by APG Americas Infrastructure (APG) and the California State Teachers’ Retirement System (CalSTRS). APG is an affiliate of APG Asset Management N.V., one of the world’s largest managers of pension fund assets. APG previously held an indirect interest in Holdings LLC via a prior owner and has several direct investments in United States infrastructure assets. CalSTRS, the largest public teacher fund in the United States, has been an investor in Holdings LLC (by virtue of its prior investment in IFM) since 2012 and has investment experience in several other regulated utilities.

Entity	%	Owner Since
GIC/Epsom Investment Pte Ltd.	44.4%	2011
Three Rivers Utility Holdings, LLC	30.4%	2016
AIA Montana LLC	25.2%	2017

 

All preferred stock has been redeemed. Please see the FAQs section for additional information regarding preferred stock, and direct all correspondence to EQ Shareowner Services.

Phone: 1-866-280-0237

E-Mail: stocktransfer@wellsfargo.com

Mailing Address:
EQ Shareowner Services
PO Box 64854
St. Paul, MN 55164-0854

Physical Address:
EQ Shareowner Services
161 N. Concord Exchange
S St. Paul, MN 55075-0854

In May 2007, Duquesne was acquired by a consortium of private equity investors. As a result, and also occurring in 2007, the consortium acquired all outstanding shares of Duquesne Light Holdings common stock, trading of Duquesne Light Holdings common stock on the New York Stock Exchange ended, and the Duquesne Light Shareholder Relations Department was closed. Please see the FAQs section for additional information regarding common stock, and direct all correspondence to EQ Shareowner Services.

Phone: 1-866-280-0237

E-Mail: stocktransfer@wellsfargo.com

Mailing Address:
EQ Shareowner Services
PO Box 64854
St. Paul, MN 55164-0854

Physical Address:
EQ Shareowner Services
161 N. Concord Exchange
S St. Paul, MN 55075-0854

Preferred Shareholders

Does Duquesne Light have any preferred stock outstanding?

No. All preferred stock has been redeemed. Shareholders were paid cash for their shares, and were issued final dividends.



Will I still receive dividends?

No. All preferred stock has been redeemed. Shareholders were paid cash for their shares, and were issued final dividends



Whom do I contact if I did not receive my buy-out check, to update an address, or for additional information?

Please direct all future correspondence related to Duquesne Light’s preferred stock to EQ Shareowner Services.
Phone: 1-866-280-0237
E-Mail: stocktransfer@wellsfargo.com
Mailing Address:
EQ Shareowner Services
PO Box 64854
St. Paul, MN 55164-0854
Physical Address:
EQ Shareowner Services
161 N. Concord Exchange
S St. Paul, MN 55075-0854



The shareholder is deceased. How do I have their liquidation and dividend checks reissued?

Go to https://www.shareowneronline.com/UserManagement/FaqTransferOfOwnership.aspx and follow the instructions. If you have questions, please contact EQ Shareowner Services.



How do I transfer ownership of shares?

Go to https://www.shareowneronline.com/UserManagement/FaqTransferOfOwnership.aspx and follow the instructions. If you have questions, please contact EQ Shareowner Services.

Common Shareholders

Why is my stock no longer listed on the NYSE?

In May 2007, Duquesne was acquired by a consortium of private equity investors. Under the terms of the merger agreement, the consortium acquired all outstanding shares of Duquesne Light Holdings for $20 per share in cash. Additionally, a partial dividend of $.2252745 per share was issued on June 8, 2007, to holders of record on May 30, 2007. These actions resulted in trading of Duquesne Light Holdings common stock on the New York Stock Exchange to end on May 31, 2007. Subsequently, the paying agent, Wells Fargo Shareowner Services (now EQ Shareowner Services), mailed checks for the merger consideration to the address of record of shareholders who held shares in the Duquesne Light dividend reinvestment and stock purchase plan, as well as to those who held shares electronically in book entry. Shareholders physically possessing common stock certificates were mailed instructions on how to exchange stock certificate(s) for the merger consideration.



Will I still receive dividends?

No. All common stock shares were bought out during the merger. Shareholders were paid cash for their shares, and were issued final dividends.



Does Duquesne Light still have a Shareholders Relations Department?

No. As a result of the merger being completed, the Duquesne Light Shareholder Relations Department was closed on Sept. 14, 2007. Please direct all future correspondence related to the purchase of Duquesne Light’s common stock to EQ Shareowner Services.
Phone: 1-866-280-0237

E-Mail: stocktransfer@wellsfargo.com
Mailing Address:
EQ Shareowner Services
PO Box 64854
St. Paul, MN 55164-0854
Physical Address:
EQ Shareowner Services
161 N. Concord Exchange
S St. Paul, MN 55075-0854



Whom do I contact if I did not receive my buy-out check, to update an address, or for additional information?

EQ Shareowner Services.



The shareholder is deceased. How do I have their liquidation and dividend checks reissued?

Go to https://www.shareowneronline.com/UserManagement/FaqTransferOfOwnership.aspx and follow the instructions. If you have questions, please contact EQ Shareowner Services.



How do I transfer ownership of shares?

Go to https://www.shareowneronline.com/UserManagement/FaqTransferOfOwnership.aspx and follow the instructions. If you have questions, please contact EQ Shareowner Services.



Are stock certificate redemption instructions available?

Yes. Go to http://investors.duquesnelight.com/investorInformation/WellsTransmittalLetter.pdf and follow the instructions. If you have questions, please contact EQ Shareowner Services.