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Latest Allegheny Energy Stories

2008-08-02 15:00:21

Trans-Allegheny Interstate Line Company (TrAILCo), a subsidiary of Allegheny Energy, Inc. (NYSE: AYE), announced today that the Public Service Commission of West Virginia issued an order late yesterday approving construction of its 500-kilovolt transmission line project in West Virginia subject to certain conditions. "After a thorough, extensive public process, the Commission has authorized this critical upgrade to the transmission system," said Paul J. Evanson, Chairman, President, and...

2008-08-02 00:00:28

Allegheny Energy Inc. said Thursday its second-quarter profits doubled, mainly from a one-time gain of $196.6 million on the increased value of its power transmission assets, which the energy company is expanding. The Greensburg energy company reported net income in the April- June period of $154.1 million, or 91 cents a share, double the $77 million, or 45 cents a share, profit recorded in the year-earlier period. Revenues rose 15.4 percent to $953.5 million, from $826.5 million,...

2008-07-29 00:00:38

By Ken Ward Jr. ONLINE wvgazettemail.com View maps of the PATH power line route As a decision nears on one huge power line across northern West Virginia, plans are taking shape for another high-voltage transmission line from Charleston to Martinsburg. Later this week, the state Public Service Commission is scheduled to announce its ruling on the $1.3 billion Trans-Allegheny Interstate Project, or TrAIL. That 500-kilovolt-transmission line runs from southwestern Pennsylvania, across...

2008-07-25 00:00:41

The Federal Energy Regulatory Commission on Wednesday approved the rate of return requested by Allegheny Energy Inc. on its proposed Trans-Allegheny Interstate power line. As approved by the commission, the Greensburg-based energy company will be allowed a 12.7 percent profit on its investment. The $1.2 billion, 240-mile, 500,000-volt power transmission line, would run from Washington County, through West Virginia and ending in Loudoun County, Va., near Washington, and awaits rulings...

2008-07-23 15:01:13

Allegheny Energy, Inc. (NYSE: AYE) announced today that the Federal Energy Regulatory Commission (FERC) has approved a settlement agreement that establishes formula rates for the proposed Trans-Allegheny Interstate Line (TrAIL) and other related transmission projects. The settlement agreement, filed earlier this year by Allegheny Energy's subsidiary, Trans-Allegheny Interstate Line Company (TrAILCo), includes the following: -- an incentive return on equity rate of 12.7 percent for...

2008-07-22 15:01:00

Allegheny Energy, Inc. (NYSE: AYE) today announced that David E. Flitman, President of its electric delivery business, Allegheny Power, is leaving the company to accept a position with another employer. "We thank Dave for his hard work and dedication in leading Allegheny Power, and we wish him well in his new position," said Paul J. Evanson, Chairman, President and Chief Executive Officer of Allegheny Energy. Allegheny Energy Headquartered in Greensburg, Pa., Allegheny Energy is...

2008-07-22 00:00:35

Allegheny Energy Inc.'s Potomac Edison Co. power distribution unit must provide more information to Virginia regulators so new electric rates can be set for 2008 and 2009. In a recent decision, the Virginia State Corporation Commission told Potomac that it requires additional evidence and legal arguments. Earlier this year, the commission granted Potomac a $73 million interim rate increase for its 100,000 Virginia customers for the 12-month period beginning July 1. Potomac provides...

2008-07-22 00:00:35

Allegheny Energy Inc. of Greensburg said Monday it signed an updated agreement to buy about 20 million tons of coal through 2020 from an affiliate of Alliance Resource Partners and a modified agreement to lease Allegheny Energy's Buffalo Creek coal reserves near Avella in Washington County. The original agreement with Alliance was announced in December 2005. The deliveries are scheduled to begin in two years and reach two million tons per year in 2011. Allegheny Energy spokesman David...

2008-07-21 15:00:49

Allegheny Energy, Inc. (NYSE: AYE) today announced an updated coal purchase agreement with an affiliate of Alliance Resource Partners, L.P. (NASDAQ: ARLP) and a modified agreement to lease Allegheny Energy's Buffalo Creek coal reserves in southwestern Pennsylvania. The original agreement with Alliance was announced in December 2005. The agreements announced today will provide Allegheny with improved coal supply security, and will give Alliance additional flexibility. The updated...

2008-07-19 03:00:31

By Rick Stouffer, The Pittsburgh Tribune-Review Jul. 19--Allegheny Power won preliminary approval this week from the state Public Utility Commission for its plan to purchase electricity at lower rates following the expiration of caps on power rates in 2011. "We're very encouraged that the PUC generally agrees with the plan we put in place for power procurement, and with the mitigating rates plan," said Doug Colafella, spokesman for Allegheny Power's parent, Greensburg-based Allegheny...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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