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EXHIBIT 99.1
 EXECUTIVE COMPENSATION AND SECURITY OWNERSHIP
INFORMATION
 Compensation
  SUMMARY COMPENSATION TABLE
 Long Term CompensationAnnual Compensation


Awards

    Payouts(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)
    
    (f)
    
    (g)
    
    (h)
    
    (i)Other
    
    Other
    
    SecuritiesAnnual
    
    Restricted
    
    Underlying
    
    
    
    All OtherCompen-
    
    Stock
    
    Performance
    
    LTIP
    
    Compen-Name
and
    
    
    
    
    
    Salary
    
    Bonus
    
    sation
    
    Award(s)
    
    Options/SARs
    
    Payouts
    
    sationPrincipal Position
    
    Year
    
    ($)
    
    ($)(1)
    
    ($)(2)
    
    ($)(3)
    
    (#)
    
    ($)
    
    ($)(4)M. K. OBrien
    
    
    2005
    
    
    
    494,000
    
    
    
    417,690
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,777President & Chief
    
    
    2004
    
    
    
    462,500
    
    
    
    468,000
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,347Executive Officer
    
    
    2003
    
    
    
    450,000
    
    
    
    438,750
    
    
    
    
    
    
    
    1,298,409
    
    
    
    
    
    
    
    
    
    
    
    10,047J. G. Belechak
    
    
    2005
    
    
    
    282,948
    
    
    
    173,870
    
    
    
    3,071
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,744Sr. VP & Chief
    
    
    2004
    
    
    
    260,908
    
    
    
    164,028
    
    
    
    2,965
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    14,311Operations Officer
    
    
    2003
    
    
    
    227,500
    
    
    
    151,200
    
    
    
    3,864
    
    
    
    412,050
    
    
    
    
    
    
    
    
    
    
    
    6,039M. L. Hogel
    
    
    2005
    
    
    
    278,004
    
    
    
    171,476
    
    
    
    3,096
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,569Sr. VP & Chief Legal
    
    
    2004
    
    
    
    254,849
    
    
    
    160,258
    
    
    
    2,989
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,025and Admin. Officer
    
    
    2003
    
    
    
    222,125
    
    
    
    147,660
    
    
    
    3,895
    
    
    
    386,925
    
    
    
    
    
    
    
    
    
    
    
    9,418S. R. Schott
    
    
    2005
    
    
    
    242,260
    
    
    
    145,356
    
    
    
    3,071
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,152Sr. VP & Chief
    
    
    2004
    
    
    
    219,942
    
    
    
    145,356
    
    
    
    2,965
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    11,843Financial Officer
    
    
    2003
    
    
    
    184,167
    
    
    
    122,400
    
    
    
    3,703
    
    
    
    336,675
    
    
    
    
    
    
    
    
    
    
    
    5,433W.F. Fields
    
    
    2005
    
    
    
    185,348
    
    
    
    84,431
    
    
    
    3,071
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,728VP & Treasurer
    
    
    2004
    
    
    
    178,567
    
    
    
    81,972
    
    
    
    2,965
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    11,9052003
    
    
    
    176,000
    
    
    
    79,200
    
    
    
    3,544
    
    
    
    145,725
    
    
    
    
    
    
    
    
    
    
    
    5,786
 
 (1)
    
    Bonus compensation is determined annually based upon the prior years performance and
either paid or deferred (via an eligible participants prior election) in the following year.
The amounts shown for each year are the awards earned in those years but established and paid
or deferred in the subsequent years. 1




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(2)
    
    Includes amounts reimbursed for the payment of taxes related to the provision of investment
counseling services. Also includes perquisites or personal benefits if, in the aggregate, they
exceed the lesser of $50,000 or 10% of the named executive officers salary and bonus for the
covered year.(3)
    
    The restricted stock amounts shown in the table represent the market value of restricted
stock awards made November 10, 2003, based on the closing stock price of $16.75 on that date.
Two-thirds of these awards vested in equal increments on December 31, 2004 and 2005. The
remaining restricted stock will vest on December 31, 2006. As of December 30, 2005 (the final
business day of 2005), and based on the then-closing stock price of $16.32, the number and
value of the officers aggregate restricted stock holdings was: Mr. OBrien 25,839 shares
($421,692); Mr. Belechak 8,200 shares ($133,824); Ms. Hogel 7,700 shares ($125,664); Mr.
Schott 6,700 shares ($109,344); and Mr. Fields 2,900 shares ($47,328). Dividends accumulate
on the restricted shares at the same rate as paid to all stockholders; accumulated dividends
are paid upon the vesting of the shares.(4)
    
    The information for 2005 includes (i) accrued, unused vacation sold to Duquesne Light Holding
of $8,990 for Mr. OBrien; $5,429 for Mr. Belechak; $5,304 for Ms. Hogel; $4,965 for Mr.
Schott; and $3,552 for Mr. Fields; (ii) term life insurance premiums of $1,787 for Mr.
OBrien; $1,017 for Mr. Belechak; $993 for Ms. Hogel; $889 for Mr. Schott; and $683 for Mr.
Fields; and (iii) 401(k) Retirement Savings Plan for Management Employees matching
contributions of $7,298 for Mr. Belechak; $7,272 for Ms. Hogel; $7,298 Mr. Schott; and $6,493
for Mr. Fields. AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR
AND FISCAL YEAR-END OPTION/SAR VALUES
 (a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)Number of
    
    
    
    
    
    Number of Securities
    
    Value of UnexercisedSecurities
    
    
    
    
    
    Underlying Unexercised
    
    In-the-MoneyUnderlying
    
    Value
    
    Options/SARs at Fiscal Year-End
    
    Options/SARs at Year-EndOptions/SARs
    
    Realized
    
    Exercisable/Unexercisable
    
    Exercisable/UnexercisableName
    
    Exercised (#)
    
    ($)(1)
    
    (#)(2)
    
    ($)M. K. OBrien
    
    
    29,032
    
    
    $
    114,453
    
    
    
    173,680/0
    
    
    $
    40,605/0J. G. Belechak
    
    
    
    
    
    
    
    
    
    
    22,500/0
    
    
    $
    15,900/0M. L. Hogel
    
    
    
    
    
    
    
    
    
    
    22,500/0
    
    
    $
    15,900/0S. R. Schott
    
    
    5,725
    
    
    $
    23,071
    
    
    
    8,275/0
    
    
    $
    2,352/0W.F. Fields
    
    
    
    
    
    
    
    
    
    
    53,079/0
    
    
    $
    15,900/0
 
 (1)
    
    Represents the difference between the option/SAR exercise price and the fair market value
of the common stock on the NYSE on the date of exercise.(2)
    
    The numbers set forth include options/SARs previously granted but not yet earned. The number
to be earned will be based on individual and corporate performance and may be earned over
future periods from one to three years as established with each option grant. Retirement Plan
  2




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PENSION PLAN TABLE
 HighestConsecutiveFive-YearAverage
    
    Years of ServiceCompensation
    
    5
    
    10
    
    15
    
    20
    
    25
    
    30
    
    35$100,000
    
    $
    8,000
    
    
    $
    15,000
    
    
    $
    22,000
    
    
    $
    29,000
    
    
    $
    37,000
    
    
    $
    43,000
    
    
    $
    48,000$200,000
    
    $
    17,000
    
    
    $
    33,000
    
    
    $
    49,000
    
    
    $
    65,000
    
    
    $
    82,000
    
    
    $
    94,000
    
    
    $
    104,000$300,000
    
    $
    26,000
    
    
    $
    51,000
    
    
    $
    76,000
    
    
    $
    101,000
    
    
    $
    127,000
    
    
    $
    146,000
    
    
    $
    161,000$400,000
    
    $
    35,000
    
    
    $
    69,000
    
    
    $
    103,000
    
    
    $
    137,000
    
    
    $
    172,000
    
    
    $
    197,000
    
    
    $
    217,000$500,000
    
    $
    44,000
    
    
    $
    87,000
    
    
    $
    130,000
    
    
    $
    173,000
    
    
    $
    217,000
    
    
    $
    249,000
    
    
    $
    274,000$600,000
    
    $
    53,000
    
    
    $
    105,000
    
    
    $
    157,000
    
    
    $
    209,000
    
    
    $
    262,000
    
    
    $
    301,000
    
    
    $
    331,000$700,000
    
    $
    62,000
    
    
    $
    123,000
    
    
    $
    184,000
    
    
    $
    245,000
    
    
    $
    307,000
    
    
    $
    352,000
    
    
    $
    387,000$800,000
    
    $
    71,000
    
    
    $
    141,000
    
    
    $
    211,000
    
    
    $
    281,000
    
    
    $
    352,000
    
    
    $
    404,000
    
    
    $
    444,000
   Employment Agreements
 Non-Competition and Confidentiality Agreements.
 Employment Agreement.
 Severance Agreements
 3




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Beneficial Ownership of Stock
   Total Shares of
    
    Shares of Common Stock/Common Stock (1)
    
    Nature of Ownership (2)Morgan K. OBrien
    
    
    252,880
    (3)
    
    53,361 VP, IP25,839 VPJoseph G. Belechak
    
    
    40,871
    (3)
    
    10,171 VP, IP8,200 VPMaureen L. Hogel
    
    
    40,146
    (3)
    
    9,946 SVP, SIP7,700 VPStevan R. Schott
    
    
    23,863
    (3)
    
    8,888 VP6,700 VPWilliam F. Fields
    
    
    59,625
    (3)
    
    3,646 VP, IP2,900 VPDirectors, Nominees
and Executive
Officers as a Group
    
    
    425,585(6 persons)
  
 (1)
    
    The amounts shown include shares of Common Stock which the individuals have a right to
acquire within 60 days of December 31, 2005 through the exercise of stock options granted
under the Long-Term Incentive Plan in the following amounts: Mr. OBrien: 173,680; Mr.
Belechak: 22,500; Ms. Hogel: 22,500; Schott: 8,275; Mr. Fields: 53,079; and all directors and
current executive officers as a group: 280,034.
 4




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(2)
    
    The term Joint means owned jointly with the persons spouse. The initials VP and IP
mean sole voting power and sole investment power, respectively, and the initials SVP and
SIP mean shared voting power and shared investment power, respectively.(3)
    
    Includes the unvested portions of restricted stock grants to management under the 2002
Long-Term Incentive Plan (the Incentive Plan), as described in more detail in the Summary
Compensation Table.
   Directors Fees and Plans
  Section 16(a) Beneficial Ownership Reporting Compliance
   Compensation Committee Interlocks and Insider Participation
  Corporate Governance
 www.duquesnelightholdings.com.
 5