DQE Names Finance Chief

The utility taps former Weirton Steel exec Mark Kaplan.
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Duquesne Light (DQE) named Mark Kaplan chief financial officer.

The Pittsburgh-based utility, once known only as DQE, said Kaplan was president of Weirton Steel. Duquesne Light said he was a "key member of the management team that successfully restructured Weirton Steel, resulting in a significant reduction in debt and costs. He also was credited with enhancing the company's presence in the financial community by improving relationships and re-establishing its credibility."

Late Tuesday, Duquesne Light rose 9 cents to $18.35.