X0201 3 2003-08-01 0 0000846930 DQE INC DQE 0001258330 MULLINS SUSAN S 0 1 0 0 Controller Common Stock 0 D Employee Stock Option (right-to-buy) 16.90 2003-06-10 2011-12-11 Common Stock 1200.00 D Employee Stock Option (right-to-buy) 16.90 1988-08-08 2011-12-11 Common Stock 1200.00 D Duquesne Light Preference Stock, Plan Series A 0.00 1988-08-08 1988-08-08 Preference Stock, Series A 354.00 I In 401(k) Plan Employee Stock Option (right-to-buy) 15.02 1988-08-08 2012-12-15 Common Stock 3200.00 D 08/08/1988 is a "dummy" date designated by the SEC. These options become exercisable if 18 months have passed since the grant date (12/11/01) and the average daily closing price of DQE common stock on the NYSE during any 30 consecutive trading day period exceeds $22.49. If the price level target is not met within 3 years of the grant date, the options will be forfeited; if it is met, the options will remain exercisable for 10 years from the grant date. 08/08/1988 is a "dummy" date designated by the SEC. These securities were issued by DQE's wholly owned subsidiary Duquesne Light Company, are exchangeable for shares of DQE Common Stock, and were allocated to the reporting person's account under the matching ESOP feature of the Duquesne Light 401(k) retirement plan in exempt transactions. 1-for-1.5 Conversion 08/08/1988 is a "dummy" date designated by the SEC. The options become exercisable, if at all, in 50% increments if 18 months have passed since the grant date and the average daily closing price of DQE common stock on the NYSE during any 30 consecutive trading day period exceeds $17.38 and $19.98, respectively. If either price target level is not met within 3 years of the grant date, the options associated with that portion of the grant will be forfeited. If either price target is met within 3 years Susan S. Mullins 2003-08-06 /s/ Susan S. Mullins 2003-08-06