<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date earliest event reported) May 13, 1996
<TABLE>
<CAPTION>
Commission Registrant, State of Incorporation I.R.S. Employer
File No. Address and Telephone Number Identification No.
- -------- ----------------------------- ------------------
<S> <C> <C>
1-956 DUQUESNE LIGHT COMPANY 25-0451600
(a Pennsylvania corporation)
411 Seventh Avenue
P. O. Box 1930
Pittsburgh, Pennsylvania 15230-1930
Telephone: (412) 393-6000
</TABLE>
Page 1 of 4
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit
Number Description
12.2 Statement re: Calculation of Ratio of Earnings
to Combined Fixed Charges and Preferred and
Preference Stock Dividend Requirements
Page 2 of 4
<PAGE>
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.
DUQUESNE LIGHT COMPANY
----------------------
(Registrant)
Date May 13, 1996 /s/ Gary L. Schwass
---------------------- --------------------------
(Signature)
Gary L. Schwass
Senior Vice President and
Principal Financial Officer
Date May 13, 1996 /s/ Deborrah E. Beck
---------------------- --------------------------
(Signature)
Deborrah E. Beck
Controller and
Principal Accounting Officer
Page 3 of 4
<PAGE>
EXHIBIT 12.2
Duquesne Light Company and Subsidiary
Calculation of Ratio of Earnings to Combined Fixed Charges
and Preferred and Preference Stock Dividend Requirements
(Thousands of Dollars)
<TABLE>
<CAPTION>
Year Ended December 31,
----------------------
1995 1994 1993 1992 1991
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
FIXED CHARGES:
Interest on long-term debt $ 89,139 $ 94,646 $102,938 $119,179 $127,606
Other interest 2,599 1,095 2,387 1,749 1,773
Amortization of debt discount, 6,252 6,381 5,541 4,223 3,892
premium and expense-net
Portion of lease payments 44,386 44,839 45,925 60,721 64,189
representing an interest factor
Preferred and Preference Dividends 7,374 9,355 14,368 17,940 18,307
-------- -------- -------- -------- --------
Total Fixed Charges $149,750 $156,316 $171,159 $203,812 $215,767
======== ======== ======== ======== ========
EARNINGS:
Income from continuing operations $151,070 $147,449 $144,787 $149,768 $143,133
Income taxes 92,894* 84,191* 77,237 110,993 104,067
Fixed charges as above 149,750 156,316 171,159 203,812 215,767
-------- -------- -------- -------- --------
Total Earnings $393,714 $387,956 $393,183 $464,573 $462,967
======== ======== ======== ======== ========
RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED AND PREFERENCE
STOCK DIVIDEND REQUIREMENTS 2.63 2.48 2.30 2.28 2.15
======== ======== ======== ======== ========
</TABLE>
Duquesne's share of the fixed charges of an unaffiliated coal supplier, which
amounted to approximately $3.4 million for the twelve months ended
December 31, 1995, has been excluded from the ratio.
*Earnings related to income taxes reflect a $13.5 million decrease for the
twelve months ended December 31, 1995, and December 31, 1994, due to a
financial statement reclassification related to SFAS 109. The Ratio of Earnings
to Combined Fixed Charges and Preferred and Preference Stock Dividend
Requirements absent this reclassification equals 2.72 and 2.57 for the twelve
months ended December 31, 1995 and December 31, 1994, respectively.
Page 4 of 4
