Duquesne Light Exhibit 12.1



Duquesne Light Company and Subsidiaries



Calculation of Ratio of Earnings to Fixed Charges

(Dollar Amounts in Millions)



|                                                                                    |  | Nine Months EndedSeptember 30,2003 |       | Year Ended December 31,
|----------------------------------------------------------------------------------- |  | ---------------------------------- | ----- | -----------------------
|                                                                                    |  |                                    | 2002  |                        
|FIXED CHARGES:                                                                      |  |                                    |       |                        
|Interest on long-term debt                                                          |  | $                                  | 36.5  |                        
|Other interest                                                                      |  |                                    | 1.1   |                        
|Company obligated mandatorily redeemable preferred securities dividend requirements |  |                                    | 6.3   |                        
|Amortization of debt discount, premium and expensenet                              |  |                                    | 2.3   |                        
|Portion of lease payments representing an interest factor                           |  |                                    | 0.8   |                        
|                                                                                    |  |                                    |       |                        
|Total Fixed Charges                                                                 |  | $                                  | 47.0  |                        
|                                                                                    |  |                                    |       |                        
|EARNINGS:                                                                           |  |                                    |       |                        
|Income from continuing operations                                                   |  | $                                  | 57.1  |                        
|Income taxes                                                                        |  |                                    | 38.3  |                        
|Fixed charges as above                                                              |  |                                    | 47.0  |                        
|                                                                                    |  |                                    |       |                        
|Total Earnings                                                                      |  | $                                  | 142.4 |                        
|                                                                                    |  |                                    |       |                        
|RATIO OF EARNINGS TO FIXED CHARGES                                                  |  |                                    | 3.03  |                        
|                                                                                    |  |                                    |       |