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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 
20549

FORM 10-Q

|x                                                                   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 
|------------------------------------------------------------------- | ----------------------------------------------------------------------------------------
|                                                                    |                                                                                         
|                                                                    | For the Quarterly Period Ended March 31, 2003                                           
|                                                                    |                                                                                         
|o                                                                   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|                                                                    |                                                                                         
|                                                                    | For the Transition Period From ____________ to ____________                             
|                                                                    |                                                                                         
|Commission File Number                                             
|                                                                   
|1-10290                                                            
|                                                                   
|Duquesne Light Company                                             
|                                                                   
|(Exact name of registrant as specified in its charter)             
|                                                                    |                                                                                         
|Pennsylvania                                                        |                                                                                         
|                                                                    |                                                                                         
|(State or other jurisdiction of incorporation or organization)      |                                                                                         
|                                                                    |                                                                                         
|411 Seventh Avenue Pittsburgh, Pennsylvania                         |                                                                                         
|                                                                    |                                                                                         
|(Address of principal executive offices)                            |                                                                                         
|                                                                   
|Registrants telephone number, including area code:  (412) 393-6000
|                                                                    |                                                                                         

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months and (2) has been subject to such filing requirements for the past 90 days.

|Yes x | No o
|----- | ----

Indicate by check mark whether the registrant is
an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

|Yes x | No o
|----- | ----

Indicate the number of shares outstanding of
each of the issuers classes of common stock as of the latest practicable date:

All 10 shares of Duquesne Light Company Common Stock outstanding as of April 30, 2003 are owned by
DQE, Inc.

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Part I.          FINANCIAL INFORMATION

Item
1.        Financial Statements.

Duquesne Light Condensed Consolidated Statements of Income (Unaudited)

|                                                                                    |  | (Millions of Dollars)        |      
|----------------------------------------------------------------------------------- |  | ---------------------------- | -----
|                                                                                    |  |                              |      
|                                                                                    |  | Three Months Ended March 31, |      
|                                                                                    |  |                              |      
|                                                                                    |  | 2003                         |      
|                                                                                    |  |                              |      
|Operating Revenues:                                                                 |  |                              |      
|Retail sales of electricity                                                         |  | $                            | 193.4
|Other                                                                               |  |                              | 5.9  
|                                                                                    |  |                              |      
|Total Operating Revenues                                                            |  |                              | 199.3
|                                                                                    |  |                              |      
|Operating Expenses:                                                                 |  |                              |      
|Purchased power                                                                     |  |                              | 96.4 
|Other operating and maintenance                                                     |  |                              | 29.4 
|Depreciation and amortization                                                       |  |                              | 21.5 
|Taxes other than income taxes                                                       |  |                              | 13.5 
|Income taxes                                                                        |  |                              | 9.5  
|                                                                                    |  |                              |      
|Total Operating Expenses                                                            |  |                              | 170.3
|                                                                                    |  |                              |      
|Operating Income                                                                    |  |                              | 29.0 
|Other Income - Net                                                                  |  |                              | 3.4  
|                                                                                    |  |                              |      
|Income Before Interest and Other Charges                                            |  |                              | 32.4 
|Interest Charges                                                                    |  |                              | 12.6 
|Company Obligated Mandatorily Redeemable Preferred Securities Dividend Requirements |  |                              | 3.1  
|                                                                                    |  |                              |      
|Net Income                                                                          |  |                              | 16.7 
|Dividends on Preferred and Preference Stock                                         |  |                              | 0.8  
|                                                                                    |  |                              |      
|Earnings Available for Common Stock                                                 |  | $                            | 15.9 
|                                                                                    |  |                              |      

See notes to condensed consolidated financial statements.

2



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Duquesne Light Condensed Consolidated Balance Sheets (Unaudited)

|                                                                                  |  | (Millions of Dollars) |        
|--------------------------------------------------------------------------------- |  | --------------------- | -------
|                                                                                  |  |                       |        
|                                                                                  |  | March 31, 2003        |        
|                                                                                  |  |                       |        
|ASSETS                                                                            |  |                       |        
|Property, Plant and Equipment:                                                    |  |                       |        
|Gross property, plant and equipment                                               |  | $                     | 2,027.7
|Less: Accumulated depreciation and amortization                                   |  |                       | (663.4 
|                                                                                  |  |                       |        
|Total Property, Plant and Equipment  Net                                         |  |                       | 1,364.3
|                                                                                  |  |                       |        
|Long-Term Investments                                                             |  |                       | 19.3   
|                                                                                  |  |                       |        
|Current Assets:                                                                   |  |                       |        
|Investment in DQE Capital cash pool                                               |  |                       | 310.4  
|Receivables                                                                       |  |                       | 356.6  
|Other                                                                             |  |                       | 62.6   
|                                                                                  |  |                       |        
|Total Current Assets                                                              |  |                       | 729.6  
|                                                                                  |  |                       |        
|Other Non-Current Assets:                                                         |  |                       |        
|Regulatory assets                                                                 |  |                       | 280.1  
|Transition costs                                                                  |  |                       | 17.6   
|Other                                                                             |  |                       | 30.5   
|                                                                                  |  |                       |        
|Total Other Non-Current Assets                                                    |  |                       | 328.2  
|                                                                                  |  |                       |        
|Total Assets                                                                      |  | $                     | 2,441.4
|                                                                                  |  |                       |        
|LIABILITIES AND CAPITALIZATION                                                    |  |                       |        
|Capitalization:                                                                   |  |                       |        
|Common stock (authorized - 90,000,000 shares, issued and outstanding - 10 shares) |  | $                     |       
|Capital surplus                                                                   |  |                       | 483.3  
|Retained earnings                                                                 |  |                       | 48.3   
|Accumulated other comprehensive loss                                              |  |                       | (5.9   
|                                                                                  |  |                       |        
|Total Common Stockholders Equity                                                 |  |                       | 525.7  
|                                                                                  |  |                       |        
|Company obligated mandatorily redeemable preferred securities                     |  |                       | 150.0  
|Preferred and preference stock                                                    |  |                       | 69.8   
|Long-term debt                                                                    |  |                       | 959.5  
|                                                                                  |  |                       |        
|Total Capitalization                                                              |  |                       | 1,705.0
|                                                                                  |  |                       |        
|Current Liabilities:                                                              |  |                       |        
|Accounts payable                                                                  |  |                       | 84.0   
|Payable to affiliates                                                             |  |                       | 64.3   
|Other                                                                             |  |                       | 63.3   
|                                                                                  |  |                       |        
|Total Current Liabilities                                                         |  |                       | 211.6  
|                                                                                  |  |                       |        
|Non-Current Liabilities:                                                          |  |                       |        
|Deferred income taxes  net                                                       |  |                       | 390.5  
|Warwick mine liability                                                            |  |                       | 29.6   
|Other                                                                             |  |                       | 104.7  
|                                                                                  |  |                       |        
|Total Non-Current Liabilities                                                     |  |                       | 524.8  
|                                                                                  |  |                       |        
|Commitments and contingencies (Note F)                                            |  |                       |        
|Total Capitalization and Liabilities                                              |  | $                     | 2,441.4
|                                                                                  |  |                       |        

See notes to condensed consolidated financial statements.

3



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Duquesne Light Condensed Consolidated Statements of Cash Flows (Unaudited)

|                                                           |  | (Millions of Dollars)        |      
|---------------------------------------------------------- |  | ---------------------------- | -----
|                                                           |  |                              |      
|                                                           |  | Three Months Ended March 31, |      
|                                                           |  |                              |      
|                                                           |  | 2003                         |      
|                                                           |  |                              |      
|Cash Flows From Operating Activities:                      |  |                              |      
|Operations                                                 |  | $                            | 37.8 
|Investment in DQE capital cash pool                        |  |                              | 35.5 
|Changes in working capital other than cash                 |  |                              | (34.0
|Other                                                      |  |                              | (0.6 
|                                                           |  |                              |      
|Net Cash Provided By Operating Activities                  |  |                              | 38.7 
|                                                           |  |                              |      
|Cash Flows From Investing Activities:                      |  |                              |      
|Capital expenditures                                       |  |                              | (14.0
|Proceeds from sale of investments                          |  |                              |     
|Other                                                      |  |                              | 0.3  
|                                                           |  |                              |      
|Net Cash Used In Investing Activities                      |  |                              | (13.7
|                                                           |  |                              |      
|Cash Flows From Financing Activities:                      |  |                              |      
|Loan to DQE                                                |  |                              |     
|Commercial paper borrowings                                |  |                              |     
|Dividends on capital stock                                 |  |                              | (25.0
|Other                                                      |  |                              |     
|                                                           |  |                              |      
|Net Cash Used In Financing Activities                      |  |                              | (25.0
|                                                           |  |                              |      
|Net increase in cash and temporary cash investments        |  |                              |     
|Cash and temporary cash investments at beginning of period |  |                              |     
|                                                           |  |                              |      
|Cash and Temporary Cash Investments at End of Period       |  | $                            |     
|                                                           |  |                              |      

See notes to condensed consolidated financial statements.

Duquesne Light Condensed Consolidated Statements of Comprehensive Income (Unaudited)

|                                                                                           |  | (Millions of Dollars)        |     
|------------------------------------------------------------------------------------------ |  | ---------------------------- | ----
|                                                                                           |  |                              |     
|                                                                                           |  | Three Months Ended March 31, |     
|                                                                                           |  |                              |     
|                                                                                           |  | 2003                         |     
|                                                                                           |  |                              |     
|Net income                                                                                 |  | $                            | 16.7
|Other comprehensive income:                                                                |  |                              |     
|Unrealized holding (losses) gains arising during the period, net of tax of $(1.5) and $1.2 |  |                              | (2.2
|                                                                                           |  |                              |     
|Comprehensive Income                                                                       |  | $                            | 14.5
|                                                                                           |  |                              |     

See notes to condensed consolidated financial statements.

4



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Notes to Condensed Consolidated Financial Statements (Unaudited)

A.          CONSOLIDATION AND ACCOUNTING POLICIES

Consolidation

Duquesne Light Company is a wholly owned subsidiary of DQE, Inc.  We are engaged in the supply (as provider of last resort), transmission and distribution of
electric energy.

Our subsidiaries are primarily involved in operating our automated meter reading technology and providing financing to
certain affiliates.

The consolidated financial statements include the accounts of Duquesne Light and our wholly owned
subsidiaries.  All material intercompany balances and transactions have been eliminated in the consolidation.

Basis of Accounting

We are subject to the accounting and reporting requirements of the Securities and Exchange Commission (SEC). Our electricity delivery business is also subject
to regulation by the Pennsylvania Public Utility Commission (PUC) and the Federal Energy Regulatory Commission (FERC) with respect to rates for delivery of electric power, accounting and other matters.

As a result of our PUC-approved restructuring plan in 1998, the electricity supply segment does not meet the criteria of Statement of Financial Accounting Standards
(SFAS) No. 71, Accounting for the Effects of Certain Types of Regulation. Pursuant to the PUCs final restructuring order, and as provided in the Pennsylvania Electricity Generation Customer Choice and Competition Act (Customer
Choice Act), generation-related transition costs are being recovered through a competitive transition charge (CTC) collected in connection with providing transmission and distribution services, and these assets have been reclassified accordingly.
The electricity delivery business segment continues to meet SFAS No. 71 criteria, and accordingly reflects regulatory assets and liabilities consistent with cost-based ratemaking regulations. The regulatory assets represent probable future revenue,
because provisions for these costs are currently included, or are expected to be included, in charges to electric utility customers through the ratemaking process. (See Note B.) These assets are currently being recovered over a period of
approximately 28 years and are not earning a rate of return.

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires us to make estimates and assumptions with respect to values and conditions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and
liabilities, at the date of the financial statements. The reported amounts of revenues and expenses during the reporting period also may be affected by the estimates and assumptions we are required to make. We evaluate these estimates on an ongoing
basis, using historical experience, consultation with experts and other methods we consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from our estimates.

The interim financial information for the three month period ended March 31, 2003, is unaudited and has been prepared on the same basis as the audited financial
statements. In the opinion of management, such unaudited information includes all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the interim information. This information does not include all
footnotes which would be required for complete annual financial statements in accordance with accounting principles generally accepted in the United States of America.

These statements should be read with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2002, filed with
the SEC. The results of operations for the three months ended March 31, 2003, are not necessarily indicative of the results that may be expected for the full year.

Stock-Based
Compensation

In December 2002, the Financial Accounting Standards Board (FASB) issued SFAS No. 148, Accounting for Stock-Based
Compensation  Transition and Disclosure, an amendment of FASB Statement No. 123, which provides alternative methods of transition for companies that voluntarily adopt the fair value based method of accounting for stock-based employee
compensation. This standard also amends the disclosure requirements of SFAS No. 123, Accounting for Stock-Based Compensation, by requiring prominent disclosures in both annual and interim financial statements about the method of
accounting for stock-based employee compensation and prescribing a specific tabular format to show the effect of the method used on reported results.

We continue to account for our stock-based employee compensation using the intrinsic value method under the recognition and measurement principles of Accounting
Principles Board No. 25, Accounting for Stock Issued to Employees, and related Interpretations.

Prior to December 2001, no
compensation expense was recorded on certain option grants because the option terms were fixed and the

5



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exercise price equaled the market price of the DQE common stock on the date of grant. However, some option grants have stock appreciation rights (SARs) and/or dividend
equivalent accounts (DEAs) attached to the option. We recognize compensation expense for the SARs and DEAs, as appropriate. Compensation expense for the SARs is based upon the quoted market price of DQE common stock at month end.

The December 2001 and December 2002 option grants are performance-based option awards that become exercisable, subject to an 18-month vesting
provision, only if the average of the DQE common stock price over 30 consecutive trading days exceeds certain target prices. We recognize compensation expense for these options when the performance criteria have been met, spreading the expense over
the vesting period, if applicable. The following table illustrates the effect on reported income and earnings per share if we had applied the fair value recognition provisions of SFAS No. 123.

|                                                                                                       |  | (Millions of Dollars)        |     
|------------------------------------------------------------------------------------------------------ |  | ---------------------------- | ----
|                                                                                                       |  |                              |     
|                                                                                                       |  | Three Months Ended March 31, |     
|                                                                                                       |  |                              |     
|                                                                                                       |  | 2003                         |     
|                                                                                                       |  |                              |     
|Reported net income                                                                                    |  | $                            | 16.7
|Add:                                                                                                   |  |                              |     
|Stock-based compensation determined under the intrinsic value method for all option awards, net of tax |  |                              | 0.1 
|Deduct:                                                                                                |  |                              |     
|Stock-based compensation determined under the fair value method for all option awards, net of tax      |  |                              | (0.4
|                                                                                                       |  |                              |     
|Proforma net income                                                                                    |  | $                            | 16.4
|                                                                                                       |  |                              |     

Recent Accounting Pronouncements

On January 1, 2003, we adopted SFAS No. 143, Accounting for Asset Retirement Obligations and SFAS No. 146, Accounting for Costs Associated with Exit
or Disposal Activities, which had no impact on our financial position, results of operations or cash flows.

Reclassification

The 2002 condensed consolidated financial statements have been reclassified to conform with the 2003 presentation.

B.          RATE MATTERS

Competitive Transition Charge

Under Customer Choice, customers must choose to receive their electric energy from an alternative generation supplier or through our provider-of-last-resort (POLR)
arrangements:  POLR I, which applies so long as a rate classs CTC is still being collected, and POLR II, which applies from full CTC collection for a rate class through December 31, 2004.  Customers who select an alternative
generation supplier pay for generation charges set competitively by that supplier, and pay us transmission and distribution charges and the CTC (unless the CTC has already been collected for a customers rate class).

We have completed the CTC collection from most of our customers.  As of March 31, 2003, the CTC balance has been fully collected for approximately 99%
of customers, representing approximately 89% of the megawatt-hour (MWh) sales for the first quarter of 2003.  The transition costs, as reflected on the condensed consolidated balance sheets, are being amortized over the same period that the CTC
revenues are being recognized.  We are allowed to earn an 11.0% pre-tax return on the net of tax CTC balance.

Provider of Last Resort

Orion Power Midwest (a subsidiary of Reliant Resources, Inc.) is our POLR supplier.  POLR II permits us a margin per MWh supplied based on the mix of rate
classes, and number of customers, participating in POLR II.  Except for this margin, POLR I and POLR II effectively transfer to Orion the financial risks and rewards associated with our POLR obligations.  As of March 31, 2003,
approximately 73% of our customers measured on a MWh basis received electricity through POLR I or POLR II.  The number of POLR customers will fluctuate depending on market prices and the number of alternative generation suppliers in the retail
supply business.

There are certain safeguards in POLR I and POLR II designed to mitigate losses in the event that Orion defaults
on its performance under the arrangement.  Contractually, we have various credit enhancements to address market exposure if Orion failed to deliver the required POLR supply.  We hold an irrevocable $10 million letter of credit (that can be
increased based on Orions investment ratings and net worth).  We also remit the POLR customer payments 35 days after billing the customer.  We have the right not to remit these payments in the event of an Orion default.

6



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If Orion were to fail to deliver, we would be required to procure our POLR supply requirements in the energy
markets.  If market prices for energy were higher than the POLR rate at the time of default, we could potentially be acquiring energy for sale to POLR customers at a loss.  If that were to happen and the contractual provisions with Orion
were not sufficient to cover any loss, we would seek regulatory recovery of any additional loss.  While the Customer Choice Act provides generally for POLR supply costs to be borne by customers, recent litigation suggests that it may not be
clear whether we could pass any costs in excess of the existing PUC-approved POLR prices on to our customers.

We retain the risk
that customers will not pay for the POLR generation supply.  However, a component of our delivery rate is designed to cover the cost of a normal level of uncollectible accounts.

PUC
Proceedings

On October 25, 2002, we petitioned the PUC to issue a declaratory order regarding a provision in our retail tariff that
affected our largest industrial customer.  We and Orion had interpreted the tariff differently.  On February 6, 2003 the PUC issued an order, to be effective prospectively, affirming Orions interpretation.  The effect of this
order could increase the customers annual billings significantly.  The ultimate impact will be influenced by operational changes the customer may make to reduce its energy costs.  We are responsible for paying Orion the amount
billed, and retain the risk of recovering any increased billings from the customer.  This risk is not included in the normal level of uncollectible accounts described above.

On February 21, 2003, the customer petitioned the PUC to reconsider its ruling, which the PUC denied, leaving the original February 6, 2003 order in effect.  The
customer has until May 31, 2003 to appeal to the Commonwealth Court of Pennsylvania.

C.          RECEIVABLES

The components of receivables for the periods indicated are as follows:

|                                           |  | (Millions of Dollars) |      
|------------------------------------------ |  | --------------------- | -----
|                                           |  |                       |      
|                                           |  | March 31, 2003        |      
|                                           |  |                       |      
|Electric customers                         |  | $                     | 73.9 
|Unbilled electric customers                |  |                       | 26.0 
|Other electric utilities                   |  |                       | 3.3  
|Loan to DQE                                |  |                       | 250.0
|Affiliate receivables                      |  |                       | 2.6  
|Other receivables                          |  |                       | 7.8  
|Less: Allowance for uncollectible accounts |  |                       | (7.0 
|                                           |  |                       |      
|Total Receivables                          |  | $                     | 356.6
|                                           |  |                       |      

D.          DEBT

In January 2002, we issued $125 million of commercial paper and loaned the proceeds to DQE, who repaid $27 million during the first quarter of 2002, and the
remainder by the end of 2002.

E.          RESTRUCTURING

During the fourth quarter of 2001, we recorded a pre-tax restructuring charge of $10.8 million related to (1) the consolidation and reduction of certain
administrative and back-office functions through an involuntary termination plan; (2) the abandonment of certain office facilities; and (3) other lease costs related to abandoned office facilities.  Approximately 96 employees were terminated in
connection with this restructuring.

During the fourth quarter of 2002, we recorded a pre-tax restructuring charge of $3.7 million related
to further consolidation and centralization of certain administrative functions.  The 2002 restructuring charge primarily includes severance costs for 14 executive, management, professional and administrative personnel, all of whom were
terminated by March 31, 2003.

The following table summarizes the restructuring activities for both the 2001 and 2002
restructuring plans for the three months ended March 31, 2003.

7



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|Restructuring Liability    |  |                               |      |             |   |       |   |   |      |  
|-------------------------- |  | ----------------------------- | ---- | ----------- | - | ----- | - | - | ---- | -
|                           |  | (Millions of Dollars)         |     
|                           |  |                               |     
|                           |  | Employee Termination Benefits |      | Lease Costs |   | Total |  
|                           |  |                               |      |             |   |       |   |   |      |  
|Balance, December 31, 2002 |  | $                             | 4.9  |             | $ | 1.9   |   | $ | 6.8  |  
|Payments on 2001           |  |                               | (0.3 | )           |   | (0.1  | ) |   | (0.4 | )
|Payments on 2002           |  |                               | (1.3 | )           |   |      |   |   | (1.3 | )
|                           |  |                               |      |             |   |       |   |   |      |  
|Balance, March 31, 2003    |  | $                             | 3.3  |             | $ | 1.8   |   | $ | 5.1  |  
|                           |  |                               |      |             |   |       |   |   |      |  

The combined remaining
restructuring liability at March 31, 2003 was $5.1 million, and is included in other liabilities on the condensed consolidated balance sheets.  We believe that the remaining provision is adequate to complete the restructuring plan.  We
expect that the remaining restructuring liability will be paid on a monthly basis throughout 2006.

F.          COMMITMENTS AND
CONTINGENCIES

Construction

In the first quarter of 2003, we spent
approximately $14 million for electric utility construction. We estimate that in 2003 we will spend approximately $70 million for electric utility construction.

Employees

We are a party to a labor contract with the International Brotherhood of Electrical Workers, which represents 943 of our 1,297 employees.
This contract expires September 30, 2003.

Pension Plans

We have an
obligation to contribute approximately $32.1 million to our pension plans over future years, resulting from the PUC-approved recovery of costs associated with our 1999 early retirement program.

Income Taxes

We file consolidated income tax returns with DQE and other companies in the affiliated
group.  The annual federal corporate income tax returns have been audited by the Internal Revenue Service (IRS) and are closed for the tax years through 1993. The IRS examination of the 1994 tax year has been completed, and the IRS issued a
notice of proposed adjustment increasing the 1994 income tax liability in the approximate amount of $22 million (including penalties and interest).

The proposed adjustment relates to an investment by another DQE subsidiary in certain structured lease transactions. DQE has paid the proposed adjustment and filed a
protest, which is currently pending with the IRS Appeals Office. As part of their current audit of the 1995 through 1997 years, the IRS has indicated that it is considering proposed adjustments for these years relating to the same transactions as
well as to other similar transactions. If the IRS were to propose adjustments relating to these transactions for the years 1995 through 2002 similar to those proposed for 1994 and if those adjustments were sustained, DQE would project that the total
proposed assessment of additional tax would be approximately $175 million (before interest and penalties).

In addition, a DQE subsidiary
entered into other structured lease transactions from 1995 through 1997. In 1999, the IRS published a revenue ruling setting forth its official position which is to disallow deductions attributable to certain leasing transactions. In October 2002,
the IRS published a revenue ruling reaffirming its position to disallow deductions attributable to certain leasing transactions. DQE believes the IRS is likely to challenge its subsidiarys structured lease transactions by characterizing them
as those described in the revenue ruling. However, the IRS has not yet proposed any adjustments with respect to these transactions, and DQE cannot predict the nature, extent or timing of any proposed adjustments.

Although DQE expects to make additional deposits of at least $80 million with the IRS with respect to any adjustments which may ultimately be proposed, such deposits
have not been made. As of December 31, 2002, DQE had federal income tax credits of $63.4 million  and capital losses of $32.8 million, generated in current and prior years, that are available to offset a portion of any assessment of additional
tax made by the IRS. The tax years 1998 through 2002 remain subject to IRS review.

Our state income tax returns are subject to review by
the Pennsylvania Department of Revenue, which has issued assessments of additional tax for 1999 and 2000 primarily to include income of an out of state subsidiary corporation in Pennsylvania taxable income. If the Department asserts the same
positions for 2001 and 2002, our total exposure for all years, without interest or penalty, could approximate $85 million (net of associated federal benefit). We do not agree with the Department on this matter and intend to exercise our appeal
rights, as necessary.

8



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It is not possible to predict if, when or to what extent any income tax adjustments ultimately proposed for the
period 1994 through 2002 will be sustained. We do not believe that the ultimate resolution of our federal or state tax issues for this period will have a material adverse effect on our financial position or results of operation. However, the
resolution of these tax issues, depending on the extent and timing thereof, could have a material adverse effect on our cash flows for the period in which they are paid.

G.          BUSINESS SEGMENTS AND RELATED INFORMATION

We
report the results of our business segments, determined by products, services and regulatory environment as follows: (1) transmission and distribution of electricity (electricity delivery business segment), (2) supply of electricity (electricity
supply business segment), and (3) collection of transition costs (CTC business segment).

Business Segments for the Three Months Ended:

|                                      |  | (Millions of Dollars) |        
|------------------------------------- |  | --------------------- | -------
|                                      |  |                       |        
|                                      |  | Electricity Delivery  |        
|                                      |  |                       |        
|March 31, 2003                        |  |                       |        
|Operating revenues                    |  | $                     | 82.5   
|Operating expenses                    |  |                       | 43.7   
|Depreciation and amortization expense |  |                       | 15.0   
|                                      |  |                       |        
|Operating income                      |  |                       | 23.8   
|Other income - net                    |  |                       | 3.4    
|Interest and other charges            |  |                       | 16.5   
|                                      |  |                       |        
|Earnings for common stock             |  | $                     | 10.7   
|                                      |  |                       |        
|Assets                                |  | $                     | 2,423.8
|                                      |  |                       |        
|Capital expenditures                  |  | $                     | 14.0   
|                                      |  |                       |        

|                                      |  | (Millions of Dollars) |        
|------------------------------------- |  | --------------------- | -------
|                                      |  |                       |        
|                                      |  | Electricity Delivery  |        
|                                      |  |                       |        
|March 31, 2002                        |  |                       |        
|Operating revenues                    |  | $                     | 80.2   
|Operating expenses                    |  |                       | 39.6   
|Depreciation and amortization expense |  |                       | 14.2   
|                                      |  |                       |        
|Operating income                      |  |                       | 26.4   
|Other income - net                    |  |                       | 7.6    
|Interest and other charges            |  |                       | 18.8   
|                                      |  |                       |        
|Earnings for common stock             |  | $                     | 15.2   
|                                      |  |                       |        
|Assets (a)                            |  | $                     | 2,464.1
|                                      |  |                       |        
|Capital expenditures                  |  | $                     | 13.9   
|                                      |  |                       |        

(a) Relates to assets as of December 31, 2002.

9



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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations

Part I, Item 2 of this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2002
filed with the Securities and Exchange Commission (SEC), and the condensed consolidated financial statements, which are set forth in Part I, Item 1 of this Report.

Duquesne Light was formed in 1912 by the consolidation and merger of three constituent companies.  We are engaged in the supply (as provider of last resort),
transmission and distribution of electric energy.  We have been a wholly owned subsidiary of DQE, Inc. since its formation in 1989.

Our subsidiaries are primarily involved in operating our automated meter reading technology and providing financing to certain affiliates.

Service Area

Our operations provide service to approximately 587,000 direct customers in
southwestern Pennsylvania (including in the City of Pittsburgh), a territory of approximately 800 square miles.

Regulation

We are subject to the accounting and reporting requirements of the Securities and Exchange Commission (SEC). Our electric delivery business is also subject to
regulation by the Pennsylvania Public Utility Commission (PUC) and the Federal Energy Regulatory Commission (FERC) with respect to rates for delivery of electric power, accounting and other matters.

Business Segments

This information is set forth under Results of Operations below and in Note
G to our condensed consolidated financial statements.

Forward-looking Statements

We use forward-looking statements in this report. Statements that are not historical facts are forward-looking statements, and are based on beliefs and assumptions of
our management, and on information currently available to management. Forward-looking statements include statements preceded by, followed by or using such words as believe, expect, anticipate, plan,
estimate or similar expressions. Such statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Actual results may materially differ
from those implied by forward-looking statements due to known and unknown risks and uncertainties, some of which are discussed below.

| |  | Our earnings will be affected by the number of customers who choose to receive electric generation through POLR II, by final PUC approval of POLR III and by the continued
performance of the generation supplier.                                
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Demand for and pricing of electricity, changing market conditions and weather conditions could affect earnings levels.                                                                                                                            
| |  | DQEs cash flows, earnings, earnings growth, and board policy, as well as the effectiveness of its divestiture of non-core businesses and assets, could affect our earnings,
financial position and cash flows.                                   
| |  | The ultimate structure of POLR III will be subject to PUC review and approval, and will depend on our ability to contract with suitable third-party suppliers and the terms we
negotiate with such suppliers.                                     
| |  | Any debt reductions will depend on the availability of cash flows, including proceeds transferred by DQE from the divestiture of other subsidiaries assets.                                                                                      
| |  | The final resolution of proposed adjustments regarding income tax liabilities (which will depend on negotiations with the appropriate tax authorities) could affect financial
position, earnings and cash flows.                                  
| |  | The credit ratings we receive from the rating agencies could affect our cost of borrowing, our access to capital markets and liquidity.                                                                                                           
| |  | Overall performance could be affected by economic, competitive, regulatory, governmental and technological factors affecting operations, markets, products, services and prices,
as well as the factors discussed in our SEC filings made to date.

Recent Accounting Pronouncements

See Note A for a discussion of recent accounting pronouncements.

Critical Accounting Policies

As of March 31, 2003, there have been no significant changes with regard to the critical accounting policies disclosed in Managements
Discussion and Analysis in our Annual Report on Form 10-K for the Year ended December 31, 2002. The policies disclosed included the accounting for: the effects of regulation, unbilled energy revenues, pension and other postretirement benefit plan
assumptions, income taxes and contingent liabilities.

10



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RESULTS OF OPERATIONS

Overall Performance

Three months ended March 31, 2003. Our earnings available for common stock were $15.9 million in the first quarter of 2003, compared to earnings of $17.0
million in the first quarter of 2002, a decrease of $1.1 million, or 6.5%.  The decrease in earnings is due primarily to lower earnings from the electricity delivery business segment, principally due to increased operating expenses as a result
of lower pension gains in 2003, as well as lower other income in 2003.  In addition, the earnings from the CTC business segment declined $1.2 million as we completed collection of CTC balance from additional customer rate classes. 
Partially offsetting this was a $4.6 million earnings increase in the electricity supply business segment compared to the first quarter of 2002.  Although we began operating under our new provider of last resort arrangement (POLR II, described
below) in 2002, only 6% of the megawatt-hours (MWh) supplied during the first quarter of 2002 were subject to the POLR II rates, while over 75% of the MWh supplied during the first quarter of 2003 were subject to the POLR II rates.

Results of Operations by Business Segment

We report the results
of our business segments, determined by products, services and regulatory environment as follows: (1) transmission and distribution of electricity (electricity delivery business segment), (2) supply of electricity (electricity supply business
segment), and (3) collection of transition costs (CTC business segment).

Note G shows the financial results of each principal
business segment in tabular form. Following is a discussion of these results.

Electricity Delivery Business Segment.

Three months ended March 31, 2003. The electricity delivery business segment reported $10.7 million of earnings in the first quarter of 2003, compared to $15.2
million in the first quarter of 2002, a decrease of $4.5 million, or 29.6%, as a result of higher operating expenses and lower other income.

Operating revenues for this business segment are primarily derived from the delivery of electricity, including related excise taxes. Sales to residential and
commercial customers are primarily influenced by weather conditions. Warmer summer and colder winter seasons lead to increased customer use of electricity for cooling and heating. Commercial sales also are affected by regional development. Sales to
industrial customers are influenced by national and global economic conditions.

Operating revenues increased by $2.3 million, or
2.9%, compared to the first quarter of 2002. The increase can be primarily attributed to the 3.8% increase in MWh sales to customers from 2002.

The Pittsburgh regions colder than normal winter temperatures resulted in residential and commercial sales increasing 9.8% and 3.5%, respectively,
compared to 2002, in response to higher heating demands. Industrial sales, which are less sensitive to the weather, decreased by 2.3% primarily due to lower sales to durable goods manufacturers during the first quarter of 2003. The following table
sets forth MWh delivered to electric utility customers.

|                                    |  | MWh Delivered  |      
|----------------------------------- |  | -------------- | -----
|                                    |  |                |      
|                                    |  | (In Thousands) |      
|                                    |  |                |      
|First Quarter                       |  | 2003           |      
|                                    |  |                |      
|Residential                         |  |                | 979  
|Commercial                          |  |                | 1,566
|Industrial                          |  |                | 801  
|                                    |  |                |      
|Sales to Electric Utility Customers |  |                | 3,346
|                                    |  |                |      

Operating expenses for the
electricity delivery business segment consist primarily of costs to operate and maintain the transmission and distribution system; meter reading, billing and collection costs; customer service; administrative expenses; income taxes; and non-income
taxes such as gross receipts, property and payroll taxes. Operating expenses increased by $4.1 million, or 10.4%, compared to the first quarter of 2002, primarily due to a $2.8 million decrease in the pension gains recognized in the first quarter of
2003.

Other income decreased $4.2 million, or 55.3%, compared to the first quarter of 2002, due primarily to a reduction in net
interest earnings of $1.8 million resulting from lower intercompany borrowings by DQE and lower interest earnings on invested cash. In addition, during the first quarter of 2002, there was a $0.8 million after-tax gain recognized on the sale of
certain securities.

Interest and other charges include interest on long-term debt, other interest and preferred stock dividends.
Interest and other charges decreased $2.3 million or 12.2% compared to the first quarter of 2002 due to debt retirements during August 2002 totaling $110.0 million, which reduced interest expense by $2.1 million, coupled with favorable interest
rates on the variable rate, tax-exempt debt.

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Electricity Supply Business Segment.

Three months ended March 31, 2003.The electricity supply business
segment reported earnings of $5.1 million in the first quarter of 2003, compared with earnings of $0.5 million in the first quarter of 2002.  During the first quarter of 2002, we began operating under POLR II, which extends the provider of last
resort service (and the PUC-approved rates for the supply of electricity) beyond the final CTC collection through December 31, 2004.  POLR II also permits us, following CTC collection for each rate class, a margin per MWh supplied.  The
increase in earnings resulted from all significant rate classes being subject to the POLR II arrangement during the first quarter of 2003, as compared to only one significant rate class that was subject to the POLR II arrangement for a portion of
the first quarter of 2002.  Prior to the start of the POLR II arrangement, our initial POLR arrangement (POLR I) was designed to be income neutral.

Operating revenues for this business segment are derived primarily from the supply of electricity for delivery to retail customers and, to a much lesser extent, the
supply of electricity to wholesale customers. Retail energy requirements fluctuate as the number of customers participating in customer choice changes. Energy requirements for residential and commercial customers are also influenced by weather
conditions; temperature extremes lead to increased customer use of electricity for cooling and heating. Commercial energy requirements are also affected by regional development. Energy requirements for industrial customers are primarily influenced
by national and global economic conditions.

Short-term sales to other utilities are made at market rates. Fluctuations result primarily
from excess daily energy deliveries to Duquesne Lights electricity delivery system.

Operating revenues increased $5.6 million, or
5.4%, compared to the first quarter of 2002, due to higher average generation rates. The average rates increase incrementally as rate classes become subject to the POLR II arrangement. Those higher average generation rates more than offset the 2.7%
decline in total MWh supplied.

The following table sets forth MWh supplied for POLR customers.

|                           |  | MWh Supplied   |    
|-------------------------- |  | -------------- | ---
|                           |  |                |    
|                           |  | (In Thousands) |    
|                           |  |                |    
|First Quarter              |  | 2003           |    
|                           |  |                |    
|                           |  | POLR I         |    
|                           |  |                |    
|Residential                |  |                | 56 
|Commercial                 |  |                | 107
|Industrial                 |  |                | 428
|                           |  |                |    
|MWh Sales                  |  |                | 591
|                           |  |                |    
|POLR Customers (MWh basis) |  |                |    
|                           |  |                |    

|                           |  | MWh Supplied   |      
|-------------------------- |  | -------------- | -----
|                           |  |                |      
|                           |  | (In Thousands) |      
|                           |  |                |      
|First Quarter              |  | 2002           |      
|                           |  |                |      
|                           |  | POLR I         |      
|                           |  |                |      
|Residential                |  |                | 491  
|Commercial                 |  |                | 1,132
|Industrial                 |  |                | 749  
|                           |  |                |      
|MWh Sales                  |  |                | 2,372
|                           |  |                |      
|POLR Customers (MWh basis) |  |                |      
|                           |  |                |      

Operating expenses for the
electricity supply business segment consist of costs to obtain energy for our provider of last resort service, gross receipts tax and income taxes. Operating expenses increased $1.0 million, or 1.0%, compared to the first quarter of 2002, due
primarily to the increase in income taxes as a result of higher earnings in the first quarter of 2003. This increase was partially offset by a decrease in purchased power expense caused by the decline in the total MWh supplied to customers. 
The decline in total MWh supplied to customers is due to a higher percentage of total MWh sales being supplied by an alternative generation supplier.

CTC Business Segment.

Three months ended March 31, 2003. For the CTC business segment, operating revenues are derived by billing electric delivery customers for
generation-related transition costs. We are allowed to earn an 11% pre-tax return on the net of tax CTC balance. As revenues are billed to customers on a monthly basis, we amortize the CTC balance. The resulting decrease in the CTC balance causes a
decline in the return we earn.

In the first quarter of 2003, the CTC business segment reported earnings of $0.1 million compared
to $1.3 million during the same period in 2002, a decrease of $1.2 million or 92.3%.

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---

Operating revenues decreased $58.0 million, or 89.2%, due to the full collection of the allocated CTC balance as of
March 31, 2003 for most of our customers. As of March 31, 2003, the CTC balance has been fully collected for approximately 99% of Duquesne Lights customers, representing approximately 89% of the MWh sales for the first quarter of 2003.

Operating expenses consist of gross receipts tax, which fluctuates in direct relation to operating revenues, and income taxes, which
fluctuate in direct relation to pre-tax income. Operating expenses decreased $3.2 million or 88.9% compared to the first quarter of 2002 due primarily to the $2.6 million decrease in gross receipts tax as a result of the decrease in operating
revenue.  In addition, income taxes declined as a result of the decrease in pre-tax income from the first quarter of 2002.

Depreciation and amortization expense consists of the amortization of transition costs.  There was a decrease of $53.6 million or 89.2% compared to the first
quarter of 2002, primarily due to the full collection of the allocated CTC balance for most customers, as described above.

LIQUIDITY AND CAPITAL RESOURCES

Capital Expenditures

In the first quarter of 2003, we spent approximately $14 million for electric
utility construction. We estimate that during 2003 we will spend approximately $70 million for electric utility construction.

Financing

We have called for the redemption of the $2.8 million outstanding balance of our 5% Sinking Fund Debentures (due March 1, 2010), effective May 20, 2003.  We
contemplate retiring additional debt using proceeds of DQEs non-core business divestitures.

In January 2002, we issued $125
million of commercial paper and loaned the proceeds to DQE, who repaid $27 million during the first quarter of 2002, and the remainder by the end of 2002.

Liquidity

We maintain a $150 million, 364-day revolving credit agreement, which expires in October 2003. At March 31, 2003, no borrowings were outstanding;
however, we had $9.3 million in standby letters of credit, leaving $140.7 million available.

Decreases in our credit ratings could
result in an inverse change in the fees and interest rates charged under the facilities. The revolving credit agreement is subject to cross-default if we default on any payment due under any indebtedness exceeding $50 million.

Under our credit facility, we are subject to financial covenants requiring us to maintain a maximum debt-to-capitalization ratio of 65.0%. At March 31, 2003,
we were in compliance with these covenants.

None of our long-term debt is scheduled to mature before 2008.

In the first quarter of 2003, Standard & Poors reduced our short-term corporate credit and commercial paper ratings by one level, thereby
restricting our access to the commercial paper market.  This ratings downgrade does not limit our ability to access our revolving credit facility; it could, however, impact the cost of maintaining the credit facility and the cost of any new
debt. This rating is not a recommendation to buy, sell or hold any securities of DQE, Duquesne Light or our subsidiaries, may be subject to revisions or withdrawal by the agencies at any time, and should be evaluated independently of each other and
any other rating that may be assigned to our securities.

At March 31, 2003, we had no commercial paper borrowings outstanding, and no
current debt maturities. During the first quarter of 2003, we had no bank loans or commercial paper borrowings outstanding.

RATE MATTERS

Competitive Transition Charge

Under Customer Choice, customers must choose to receive their electric
energy from an alternative generation supplier or through our POLR arrangements.  Customers who select an alternative generation supplier pay for generation charges set competitively by that supplier, and pay us transmission and distribution
charges and the CTC (unless the CTC has already been collected for a customers rate class).

We have completed the CTC
collection from most of our customers.  As of March 31, 2003, the CTC balance has been fully collected for approximately 99% of customers, representing approximately 89% of the MWh sales for the first quarter of 2003.  The transition
costs, as reflected on the condensed consolidated balance sheets, are being amortized over the same period that the CTC revenues are being recognized.  We are allowed to earn an 11.0% pre-tax return on the net of tax CTC balance.

13



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Provider of Last Resort

Orion Power Midwest (a
subsidiary of Reliant Resources, Inc.) is our supplier under POLR I and POLR II.  As discussed in Results of Operations above, POLR II extends through December 31, 2004 and permits us a margin per MWh supplied based on the mix of
rate classes, and number of customers, participating in POLR II.  Except for this margin, POLR I and POLR II, effectively transfer to Orion the financial risks and rewards associated with our provider of last resort obligations.  As of
March 31, 2003, approximately 73% of our customers measured on a MWh basis received electricity through POLR I or POLR II.  The number of POLR customers will fluctuate depending on market prices and the number of alternative generation
suppliers in the retail supply business.

There are certain safeguards in POLR I and POLR II designed to mitigate losses in the
event that Orion defaults on its performance under the arrangement.  Contractually, we have various credit enhancements to address market exposure if Orion failed to deliver the required POLR supply.  We hold an irrevocable $10 million
letter of credit (that can be increased based on Orions investment ratings and net worth).  We also remit the POLR customer payments 35 days after billing the customer.  We have the right not to remit these payments in the event of
an Orion default.

If Orion were to fail to deliver, we would be required to procure our POLR supply requirements in the energy
markets.  If market prices for energy were higher than the POLR rate at the time of default, we could potentially be acquiring energy for sale to POLR customers at a loss.  If that were to happen and the contractual provisions with Orion
were not sufficient to cover any loss, we would seek regulatory recovery of any additional loss.  While the Customer Choice Act provides generally for POLR supply costs to be borne by customers, recent litigation suggests that it may not be
clear whether we could pass any costs in excess of the existing PUC-approved POLR prices on to our customers.

We are preparing
POLR III, a rate plan and related generation supply plan intended to cover the period beginning in 2005.  For our larger commercial and industrial customers (fewer than 1,000 customers but approximately 50% of the electricity consumption) the
rate plan proposal is likely to include a market-based pilot program comprised of a choice between auction-based, fixed-price service and variable, real-time hourly price service. For our residential and small business customers, the proposal is
likely to include a multi-year, fixed-price service option to offer protection from market volatility.  We are evaluating, among other options, a contracting strategy for long-term POLR supply.  We are actively engaged in discussions with
potential suppliers in an effort to structure an arrangement with appropriate protections in the event of supplier default.  Once the supply plan is finalized, we will submit POLR III for PUC approval.  We expect to make the filing in the
second quarter of 2003.

We retain the risk that customers will not pay for the POLR generation supply.  However, a component
of our delivery rate is designed to cover the cost of a normal level of uncollectible accounts.  Our goal is to mitigate such risks associated with POLR III and to enhance shareholder value through a continuing earnings stream from the core
electric business.

Regional Transmission Organization

FERC Order No. 2000,
as amended, calls on transmission-owning utilities such as Duquesne Light to join regional transmission organizations by September 2004. We are committed to ensuring a stable, plentiful supply of electricity for our customers.  Toward that end,
we anticipate joining a regional transmission organization as part of our pending POLR III proposal.

PUC Proceedings

On October 25, 2002, we petitioned the PUC to issue a declaratory order regarding a provision in our retail tariff that affected our largest industrial
customer.  We and Orion had interpreted the tariff differently.  On February 6, 2003 the PUC issued an order, to be effective prospectively, affirming Orions interpretation.  The effect of this order could increase the
customers annual billings significantly.  The ultimate impact will be influenced by operational changes the customer may make to reduce its energy costs.  We are responsible for paying Orion the amount billed, and retain the risk of
recovering any increased billings from the customer.  This risk is not included in the normal level of uncollectible accounts described above.

On February 21, 2003, the customer petitioned the PUC to reconsider its ruling, which the PUC denied, leaving the original February 6, 2003 order in effect.  The
customer has until May 31, 2003 to appeal to the Commonwealth Court of Pennsylvania.

Item 3.          Quantitative and Qualitative Disclosures
About Market Risk.

Market risk represents the risk of financial loss that may impact our consolidated financial position, results of
operations or cash flows due to adverse changes in market prices and rates.

14



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We manage our interest rate risk by balancing our exposure between fixed and variable rates, while attempting to
minimize our interest costs. Currently, our variable interest rate debt is approximately $320.1 million or 33.4% of long-term debt. This variable rate debt is low-cost, tax-exempt debt. We also manage our interest rate risk by retiring and issuing
debt from time to time and by maintaining a balance of short-term, medium-term and long-term debt. A 10% increase in interest rates would have affected our variable rate debt obligations by increasing interest expense by approximately $0.1 million
for the three months ended March 31, 2003 and $0.2 million for the three months ended March 31, 2002. A 10% reduction in interest rates would have increased the market value of our fixed-rate debt by approximately $34.0 million as of March 31, 2003.
Such changes would not have had a significant near-term effect on our future earnings or cash flows.

Item 4.          Controls and
Procedures.

Within the 90 days prior to the date of this report, management (including our principal executive officer and principal
financial officer) evaluated the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934, Rules 13a-14(c) and 15-d-14(c)).  Management concluded that, as of the evaluation date, our
disclosure controls and procedures were adequate and designed to ensure that material information relating to us and our consolidated subsidiaries would be made known to management by others within those entities. In addition, there were no
significant changes in our internal controls or in other factors that could significantly affect our disclosure controls and procedures subsequent to the evaluation date, including any corrective actions with regard to significant deficiencies and
material weaknesses.

---

PART II.      OTHER INFORMATION.

Item 6.          Exhibits and Reports on Form 8-K

|a. | Exhibits:                                                     |                                                                                                                       
|-- | ------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------
|   |                                                               |                                                                                                                       
|   | EXHIBIT 12.1 -                                                | Calculation of Ratio of Earnings to Fixed Charges.                                                                    
|   |                                                               |                                                                                                                       
|   |                                                               |                                                                                                                       
|   | EXHIBIT 99.1 -                                                | Certification of Principal Executive and Financial Officers Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|   |                                                               |                                                                                                                       
|b. | We did not file any reports on Form 8-K in the first quarter.

15



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SIGNATURES

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant identified below has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

|                         | DUQUESNELIGHT COMPANY                                                                                                              
|------------------------ | -----------------------------------------------------------------------------------------------------------------------------------
|                         |                                                                                                                                    
|                         | (Registrant)                                                                                                                       
|                         |                                                                                                                                    
|                         |                                                                                                                                    
|Date        May 15, 2003 | /s/ STEVAN R. SCHOTT                                                                                                               
|                         |                                                                                                                                    
|                         | (Signature) Stevan R. Schott Vice President and Controller (Duly Authorized Officer and Principal Financial and Accounting
Officer)

16



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CERTIFICATIONS

I, Victor A. Roque,
President of Duquesne Light Company, certify that:

1.           I have reviewed this
quarterly report on Form 10-Q of Duquesne Light Company;

2.           Based on my
knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this quarterly report;

3.           Based on my
knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this quarterly report;

4.           The registrants other
certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)          designed such disclosure controls and procedures to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b)          evaluated the effectiveness of the registrants disclosure controls and procedures as of a date
within 90 days prior to the filing date of this quarterly report (the Evaluation Date); and

c)          presented in this quarterly report our conclusions about the effectiveness of the disclosure controls
and procedures based on our evaluation as of the Evaluation Date;

5.          The
registrants other certifying officers and I have disclosed, based on our most recent evaluation, to the registrants auditors and the audit committee of registrants board of directors (or persons performing the equivalent
function):

a)          all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrants ability to record, process, summarize and report financial data and have identified for the registrants auditors any material weaknesses in internal controls; and

b)           any fraud, whether or not material, that involves management or other employees who
have a significant role in the registrants internal controls; and

6.
          The registrants other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that
could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: May 15, 2003

| | /s/ VICTORA. ROQUE                                       | 
| | -------------------------------------------------------- | 
| |                                                          | 
| | Victor A. Roque, President (Principal Executive Officer) | 

17



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I, Stevan R. Schott, Vice President and Controller of Duquesne Light Company, certify that:

1.           I have reviewed this quarterly report on Form 10-Q of Duquesne Light Company;

2.           Based on my knowledge, this quarterly report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3.           Based on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4.           The registrants other certifying officers and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)          designed such disclosure controls and procedures to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b)          evaluated the effectiveness of the registrants disclosure controls and procedures as of a date
within 90 days prior to the filing date of this quarterly report (the Evaluation Date); and

c)          presented in this quarterly report our conclusions about the effectiveness of the disclosure controls
and procedures based on our evaluation as of the Evaluation Date;

5.          The
registrants other certifying officers and I have disclosed, based on our most recent evaluation, to the registrants auditors and the audit committee of registrants board of directors (or persons performing the equivalent
function):

a)          all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrants ability to record, process, summarize and report financial data and have identified for the registrants auditors any material weaknesses in internal controls; and

b)           any fraud, whether or not material, that involves management or other employees who
have a significant role in the registrants internal controls; and

6.
          The registrants other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that
could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: May 15, 2003

| | /s/ STEVAN R. SCHOTT                                                         | 
| | ---------------------------------------------------------------------------- | 
| |                                                                              | 
| | Stevan R. Schott Vice President and Controller (Principal Financial Officer) | 

18