Allegheny Energy
Allegheny Energy was an electric utility headquartered in Greensburg, Pennsylvania. It owned and operated electric generation facilities and delivered electric services to customers in Pennsylvania, West Virginia, Maryland, and Virginia. Allegheny Energy was incorporated in Maryland in 1925 as West Penn Electric Company. One of its predecessor companies dates back to the formation of West Penn Power on January 31, 1907.
| Company type | Subsidiary of First Energy |
|---|---|
| Industry | Utility |
| Founded | January 31, 1907 (as West Penn Power) |
| Defunct | 2010 |
| Fate | bought by FirstEnergy |
| Headquarters | Greensburg, Pennsylvania |
Area served | Maryland, Pennsylvania, Virginia, West Virginia |
Key people | Paul J. Evanson, Chairman and CEO |
| Products | Electric power |
| Revenue | US$3.903 billion (FY 2010) |
| US$931.5 million (FY 2010) | |
Net income | US$411.7 million (FY 2010) |
| Total assets | US$12.08 billion (FY 2010) |
| Total equity | US$3.442 billion (FY 2010) |
Number of employees | 4,211 (Dec. 2010) |
| Website | www.alleghenyenergy.com |
The company had three primary businesses: "merchant generation," which operated power plants primarily in Pennsylvania and West Virginia; "transmission expansion;" and "utility operations," consisting of transmission and distribution operations serving 1.6 million customers, primarily in small towns and rural areas.
Allegheny merged with FirstEnergy in February 2011.