RECENT ARTICLES
    COMMUNITY CALENDAR
    BUSINESS DIRECTORY
    CLASSIFIED ADS
    PRESS RELEASES
    ARTICLE ARCHIVE
    HOME DELIVERY SUBSCRIPTION
    CONTACT US
    HOME
   
    PONY POSTAL CENTER
    REMEMBER WHEN ANTIQUES
    HAGERSTOWN AUCTIONS
   


 
 

Article Archive >> In Your County

Allegheny Energy Wins Bid

Allegheny Energy Wins Bid

Allegheny Energy, Inc. (NYSE: AYE) announced that three Maryland municipal electric systems have selected its generation supply subsidiary, Allegheny Energy Supply Company, LLC, to provide power under contracts that will run through May 2011.
Under the new contracts, Allegheny Energy Supply will provide Hagerstown, Thurmont and Williamsport with approximately 525,000 megawatt-hours annually of generation and associated services at fixed prices.
Allegheny was awarded the contracts through a competitive bidding process that began earlier this year. "We're pleased to welcome these municipalities to our generation customer base," said Paul Evanson, chairman, president and chief executive officer of Allegheny Energy. "These contracts provide Allegheny with additional revenue certainty as we continue to transition our generation to market-based rates."
"Allegheny has been a cost-effective supplier in the past and we look forward to renewing that relationship" said Michael Spiker, Manager of the Hagerstown Light Department. " This contract reduces our exposure to the energy market place and is the best solution for the City of Hagerstown and the other municipalities." Service under these contracts will commence in July 2006.

Printable version

<< back to Articles on In Your County
<< back to All Articles