Duquesne Light Company Announces Executive Leadership Change

The Board of Directors of DQE Holdings, LLC (DQE) today announced Mark Kaplan has been appointed Interim President and CEO of Duquesne Light Company (DLC), Duquesne Light Holdings, Inc., and DQE. Kaplan succeeds Steve Malnight, who is no longer with the Company.

The Board is currently assessing its plans and timing to find a permanent successor to the President and CEO position. There are no changes to the Company’s current business plan and long-term strategies.

Kaplan, the Company’s Senior Vice President and Chief Financial Officer, has been a senior leader with Duquesne Light for the past 16 years and has led the Company through a number of initiatives and changes, from capital structuring to the implementation of sustainable operating efficiency programs to corporate reorganizations.

“The utility industry continues to evolve, and with Mark’s deep experience combined with his innovative mindset, we know Duquesne Light is in good hands as it continues its transformation into a digital utility of the future,” said Joe Guyaux, Chairman of the Board.

Kaplan added, “For the past 140 years, the Company has kept the lights on, bringing light and hope to the Pittsburgh region. The true power of Duquesne Light is our more than 1,700 employees who work around the clock to deliver safe and reliable service. We will continue to play a large role in the region’s economic recovery.”