FirstEnergy-Allegheny Energy Merger Filing Clears U.S. Department of Justice Review

FirstEnergy Corp. and Allegheny Energy, Inc.today were notified that the U.S. Department of Justice (DOJ) completed its review of the companies’ proposed merger and has closed its investigation. “We are pleased to have completed the DOJ review process — another important step in our merger with Allegheny Energy,” said Anthony... 

FirstEnergy Corp. Declares Common Stock Dividend

The Board of Directors of FirstEnergy Corp. (NYSE:FE – News) today declared an unchanged quarterly dividend of 55 cents per share of outstanding common stock and provided contingent dividend payment scenarios to reflect possible timing of the completion of FirstEnergy’s pending merger with Allegheny Energy, Inc. “Depending on the timing... 

Allegheny Energy Announces Dividend Plan

The Board of Directors of Allegheny Energy, Inc.has authorized a cash dividend on the company’s common stock. The timing and the amount of such dividend is dependent on whether the pending merger with FirstEnergy Corp.If the proposed merger with FirstEnergy does not become effective on or before March 14, 2011, a dividend of $0.15 per outstanding... 

Allegheny Power Issues Holiday Lighting Safety Tips

The holidays are here, and many people will be decorating their homes with lights and other decorations during the next few weeks. Allegheny Power reminds its customers that inspecting lights and decorations before installation can help ensure a safe and happy holiday season. Holiday lights should be inspected annually. Many people assume that their... 

Allegheny Power Ranked First in Northeast Region by Industrial Customers

Large commercial and industrial customers have rated Allegheny Power, the electric delivery business of Allegheny Energy, Inc., as one of the leaders in customer satisfaction among electric utilities in the United States. Allegheny ranked number one in the Northeast Region in the 2008 TQS Research, Inc. Benchmark Survey of 60 large utilities. This marks... 

Allegheny Energy Files Proposal on Pennsylvania Transmission Project

Allegheny Energy, Inc. announced today that its Trans-Allegheny Interstate Line Company (TrAILCo) subsidiary filed a motion with the Pennsylvania Public Utility Commission to defer any decision on a portion of its proposed transmission line project, the Trans-Allegheny Interstate Line. The request will allow the company to pursue a more collaborative... 

Allegheny Power Embarks on Advanced Utility Infrastructure Projects

Allegheny Power, the electric delivery subsidiary of Allegheny Energy, Inc., is deploying Advanced Utility Infrastructure (AUI) projects that will help identify new technologies for the nation’s electricity grid. Such projects hold the potential to move beyond technologies such as smart meters to an advanced communications and control network that... 

Allegheny Energy Announces Administrative Law Judges’ Recommendation Against Transmission Line

Trans-Allegheny Interstate Line Company (TrAILCo), a subsidiary of Allegheny Energy, Inc., announced today that Administrative Law Judges have recommended that the Pennsylvania Public Utility Commission not authorize the construction of the Trans-Allegheny Interstate Line (TrAIL) in Pennsylvania. The judges’ decision is a recommendation only. TrAILCo... 

Allegheny Energy Announces $550 Million Financing for Transmission Projects

Allegheny Energy, Inc. announced that its subsidiary, Trans-Allegheny Interstate Line Company (TrAILCo), closed on a $550 million senior secured credit facility with a seven-year maturity. The facility includes a $530 million term loan and a $20 million revolving facility, both with an initial borrowing rate equal to the London Interbank Offered Rate...