2 billion, based on 176 million shares in the new Allegheny
The Maryland Office of Home Energy Programs director, Mary Lou Kueffer, supports Allegheny
Power's revised rate stabilization plan and considers it an opportunity for low-income customers to gradually adapt to the significant cost increase predicted for 2009.
These include statements with respect to: regulation and the status of retail generation service supply competition in states served by Allegheny
Energy's delivery business, Allegheny
Power; the closing of various agreements; financing plans; demand for energy and the cost and availability of raw materials, including coal; provider-of-last-resort ("PLR") and power supply contracts; results of litigation; results of operations; internal controls and procedures; capital expenditures; status and condition of plants and equipment; capacity purchase commitments; regulatory matters; and accounting issues.
in the top 25 percent nationally and number one in the Northeast region.
Employees of Allegheny
's electric delivery company, Allegheny
Power, were honored with a 2006 Safety Improvement Award during a ceremony held at the company's corporate headquarters earlier today.
currently estimates project costs to be in the range of $500 million to $550 million, excluding certain financing costs.
PJM has indicated that adequate supplies of electricity are available, and Allegheny
does not expect any problems delivering power as a result of the high demand.
Evanson, Chairman, President and Chief Executive Officer of Allegheny
requested and the commission granted four incentives:
The Pleasants, Fort Martin and Hatfield's Ferry projects are part of Allegheny
Energy's comprehensive plans to reduce total sulfur dioxide emissions by more than 250,000 tons compared to 2002 levels.
Residential customers have rated Allegheny
Power, the electric delivery subsidiary of Allegheny
has entered into a contract with The Babcock & Wilcox Company for the design, engineering and construction of the scrubber equipment, and a separate contract with Washington Group International for other related engineering, procurement and construction services.
will now begin line siting and permitting.
Evanson was elected Chairman, President and Chief Executive Officer of Allegheny
Energy in June 2003.
If approved, Allegheny
will begin line engineering and planning studies.