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Latest Allegheny Energy Stories

2010-10-27 10:47:00

HARRISBURG, Pa., Oct. 27 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today expressed approval for the terms of a settlement in the proposed merger of First Energy and Allegheny Energy, saying the deal protects hundreds of jobs in southwestern Pennsylvania while making critical investments in clean energy and energy conservation. "This settlement tips the scale on this deal in favor of consumers and the public," said Governor Rendell. "First and foremost, it includes a five-year...

2010-10-25 15:30:00

AKRON, Ohio, and GREENSBURG, Pa., Oct. 25 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE), along with 18 parties to their merger in Pennsylvania, today filed with the Pennsylvania Public Utility Commission (PaPUC) a comprehensive settlement that addresses issues raised in the case. The filing includes additional commitments related to employment levels in Greensburg and Westmoreland County, distribution rate credits for West Penn Power...

2010-10-12 10:53:00

AKRON, Ohio, Oct. 12 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) and Allegheny Energy (NYSE: AYE) today issued the following statement in response to Pennsylvania Governor Ed Rendell's opposition to the companies' proposed merger: "We respectfully disagree with Governor Rendell's position on our proposed merger. The merger will create a stronger company, better positioned to deliver significant immediate and long-term benefits to the Commonwealth of Pennsylvania, including...

2010-10-12 09:00:00

HARRISBURG, Pa., Oct. 12 /PRNewswire-USNewswire/ -- Governor Edward R. Rendell today called on the Pennsylvania Utility Commission to deny the merger request by FirstEnergy and Allegheny Energy, saying the proposed deal could kill 980 good-paying jobs in southwestern Pennsylvania and harm competition in electricity markets at a time when prices are rising. The Governor directed the Department of Environmental Protection to file a brief on behalf of the commonwealth with the PUC urging...

2010-09-14 10:13:00

AKRON, Ohio, Sept. 14 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) today announced that its shareholders have overwhelmingly approved proposals related to the company's proposed merger with Allegheny Energy (NYSE: AYE). Results indicate that the first proposal - authorizing and approving issuance of FirstEnergy shares and the other transactions contemplated by the merger agreement - was approved by 79.1 percent of the outstanding shares of common stock and 97.6 percent of the...

2010-09-10 08:15:00

AKRON, Ohio and GREENSBURG, Pa., Sept. 10 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE) today announced that they have received approval from the Virginia State Corporation Commission (SCC) for their proposed merger. "We are pleased to have the support of the SCC and view this as an important step in the completion of our merger," said Anthony J. Alexander, President and Chief Executive Officer of FirstEnergy. "We appreciate the...

2010-09-02 11:00:00

AKRON, Ohio, Sept. 2 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) announced today that its proposed merger with Allegheny Energy (NYSE: AYE) received support from four proxy advisory firms. The firms - ISS Proxy Advisory Services; Glass, Lewis & Co.; PROXY Governance, Inc.; and Egan-Jones Proxy Services - have recommended that FirstEnergy shareholders vote for each of the proposals related to the proposed merger. "We are pleased to have received recommendations in favor...

2010-09-01 13:48:00

READING, Pa., Sept. 1 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) announced that John E. Skory - currently director of Operations Support for the Cleveland Electric Illuminating Company - has been promoted to regional president, Pennsylvania Electric Company (Penelec), headquartered in Erie, Pa. Penelec serves approximately 590,000 customers within a 17,600-square-mile area of western and central Pennsylvania. Skory replaces James R. Napier, Jr., who will join the leadership...

2010-08-18 14:28:00

PITTSBURGH, Aug. 18 /PRNewswire/ -- Direct Energy submitted a proposal today to Pennsylvania regulators to deliver on the original vision for electricity competition in the State and potentially return as much as $1 billion to electricity customers of First Energy Corporation and Allegheny Power in the process. In its submission to the Public Utility Commission (PUC) regarding the potential merger between First Energy and Allegheny Power, Direct Energy proposed that the State move...

2010-08-12 16:25:00

AKRON, Ohio, Aug. 12 /PRNewswire-FirstCall/ -- As part of its long-standing tradition of assisting neighboring electric companies in need, FirstEnergy Corp. (NYSE: FE) utilities have sent 140 employees - including 56 line crews - to Rockville, Maryland, to help restore electrical service to more than 87,000 Pepco customers who remain without electricity after a devastating thunderstorm hit the greater Washington, D.C. area this morning. This marks the second time in less than a month that...


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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