-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pq+c8PNZXxAMFJlr+8cfkNYDuBzXqRk3TWyZTG3TGjPtIYhfDENZQS0w7V0M/+B/ UBT1Bdeey5N394VuU4kaXQ== 0000950132-99-000698.txt : 19990730 0000950132-99-000698.hdr.sgml : 19990730 ACCESSION NUMBER: 0000950132-99-000698 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990723 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DQE INC CENTRAL INDEX KEY: 0000846930 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 251598483 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10290 FILM NUMBER: 99672846 BUSINESS ADDRESS: STREET 1: CHERRINGTON CORPORATE CENTER SUITE 100 STREET 2: 500 CHERRINGTON PARKWAY CITY: CORAOPOLIS STATE: PA ZIP: 15108-3184 BUSINESS PHONE: 4122624700 MAIL ADDRESS: STREET 1: CHERRINGTON CORPORATE CENTER SUITE 100 STREET 2: 500 CHERRINGTON PARKWAY CITY: CORAOPOLIS STATE: PA ZIP: 15108-3184 8-K 1 FORM 8-K 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): July 23, 1999 DQE, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 1-10290 25-1598483 ------------ ------- ---------- (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 ------------------------------------------------------------ (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.) Items 1-4. Not applicable. Item 5. Other Events. Incorporated herein by reference as Exhibit 99.1 is the Earnings Release of DQE, Inc. for the quarter ended June 30, 1999. Item 6. Not applicable. Item 7. Exhibits. 99.1 Earnings Release of DQE, Inc. for the quarter ended June 30, 1999 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. ------------------- (Registrant) Date July 29, 1999 /s/Gary L. Schwass ------------------------------------- ----------------------------- (Signature) Gary L. Schwass Executive Vice President and Chief Financial Officer 2 EX-99.1 2 EARNS RELEASE JUNE 30, 1999 Exhibit 99 [DQE Logo] Information Box 68 for the Pittsburgh, PA 15230-0068 Financial Community Financial Data Second Quarter & Twelve Months Ended June 30, (All figures in thousands except per share amounts) (Unaudited)
- ----------------------------------------------------------------------------------------------------------------------------------- Three Months Ended Twelve Months Ended June 30 June 30 1999 1998 1999 1998 =================================================================================================================================== Total operating revenues $326,829 $303,510 $1,320,197 $1,239,375 Net income $41,606 $40,204 (a) $201,425 $186,306 (a,b) Average number of common shares outstanding (c) 75,776 77,720 77,083 77,671 Basic earnings per share of common stock $0.55 $0.52 (a) $2.59 $2.40 (a,b) Dividend declared per share of common stock $0.38 $0.36 $1.50 $1.42
(a) Excluding the extraordinary Pennsylvania restructuring charge in June 1998 of $82,548 or $1.06 per share. (b) Excluding non-recurring gain associated with sale of Exide Electronics' stock of $6,254 or $.08 per share. (c) Actual shares outstanding were 75,682,696 at June 30, 1999 and 77,373,428 at year-end 1998. - ------------------------------------------------------------------------------- Duquesne Light Company, an electric utility, is the largest of the DQE subsidiaries, and had the following sales in millions of kilowatt-hours for the periods indicated. Direct Sales: Residential 752 731 3,451 3,278 Commercial 1,440 1,417 5,909 5,744 Industrial 873 854 3,381 3,526 Other 17 17 71 76 ----- ----- ------ ------ Total sales to customers 3,082 3,019 12,812 12,624 ===== ===== ====== ====== - ------------------------------------------------------------------------------- If you have any questions or comments regarding this information, please call: Gary L. Schwass James D. Mitchell M. Beth Straka Quynh T. McGuire Executive Vice President Vice President, Asst. VP, Investor Relations Director, and CFO Finance and Marketing Communications Investor Relations (412) 393-6200 (412) 320-4410 (412) 393-6265 (412) 393-6741
July 23, 1999 - ------------------------------------------------------------------------------- DQE is an innovative, dynamic, multi-utility delivery and services company with active business ventures and partnerships throughout the United States and Canada. We are positioned to meet the expanding needs of the marketplace by "delivering" creative solutions to our customers and value to our shareholders.
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