X0202 3 2005-04-14 0 0000846930 DUQUESNE LIGHT HOLDINGS INC DQE 0001322707 Schmitt John R 411 SEVENTH AVENUE PITTSBURGH PA 15219 false true false false Vice President Common Stock 5800 D Employee Stock Option (right to buy) 15.015 2004-06-16 2012-12-16 Common Stock 3050 D Employee Stock Option (right to buy) 15.015 2012-12-16 Common Stock 3050 D Preference Stock Plan, Series A Preference Stock, Series A 559 I In 401(k) Plan Restricted Stock The options become exercisable, if at all, if 18 months have passed since the grant date and the average daily closing price of DLH common stock on the NYSE during any 30 consecutive trading day period exceeds $19.98. If this price target level is not met within 3 years of the grant date, the options associated with the grant will be forfeited. If the price target is met within 3 years of the grant date, the options associated with the grant will remain exercisable for 10 years from the grant date. 1 share of Preference Stock, Plan Series A, for 1.5 shares of Holdings common stock. These securities were issued by Holdings wholly owned subsidiary Duquesne Light Company, are exchangeable for shares of Holdings Common Stock (on a 1 for 1.5 share basis), and were allocated to the reporting persons account under the matching ESOP feature of the Duquesne Light 401(k) retirement plan in exempt transactions. These securities were issued by Holdings wholly owned subsidiary Duquesne Light Company, are exchangeable for shares of Holdings Common Stock (on a 1 for 1.5 share basis), and were allocated to the reporting persons account under the matching ESOP feature of the Duquesne Light 401(k) retirement plan in exempt transactions. John R. Schmitt 2005-04-19