Friday, December 22, 2006

FERC Approves Duquesne Deal

The Pittsburgh Tribune-Review:

The sale of Duquesne Light Holdings Inc. to a group led by Australia's Macquarie Infrastructure Partners has received federal approval.

The Federal Energy Regulatory Commission approved the deal today at a meeting in Washington, D.C. Stockholders of the Downtown-based company, the parent of Duquesne Light, voted overwhelmingly in favor of the $3 billion deal earlier this month, and the state Public Utility Commission still must act on it.