Allegheny Energy, Inc. to Grow Electricity Generating Fleet; Announces Addition of 220 MW in Pennsylvania.Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--Feb. 10, 2000 Allegheny Energy Allegheny Energy (NYSE: AYE) is a traditional public utility based in the Pittsburgh suburb of Greensburg. It services communities in Western Pennsylvania, Western Maryland, Northern West Virginia, Northwest Virginia. , Inc. (NYSE NYSE See: New York Stock Exchange : AYE) announced today that its unregulated Adj. 1. unregulated - not regulated; not subject to rule or discipline; "unregulated off-shore fishing" regulated - controlled or governed according to rule or principle or law; "well regulated industries"; "houses with regulated temperature" 2. supply company, Allegheny Energy Supply Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , will install five General Electric LM6000 simple-cycle gas combustion turbines with a combined capacity of 220 megawatts (MW) at various sites within Pennsylvania. The installation will continue to bolster Allegheny Energy's power production fleet, bringing the total system generating capacity to nearly 10,000 MW. Allegheny Energy Supply installed two 44-MW simple-cycle gas combustion turbines in Springdale, Pa., last year. The generation output from the five 44-MW units will be sold into competitive wholesale and retail power markets in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by Allegheny Energy Supply in Greensburg, Pa. All of the units are expected to be placed at sites throughout Pennsylvania. The units, which will be capable of running on either natural gas or No. 2 diesel oil, are expected to be in operation in the Summer 2000. They represent an investment of about $120 million for the Company. &uot;The addition of these five combustion turbines allows us greater flexibility in meeting the demands of a changing energy marketplace,&uot; said Alan J. Noia, Chairman, President, and Chief Executive Officer of Allegheny Energy, Inc. &uot;These units will provide us with additional capacity for use in peak demand times and further diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. of our fuel mix and generation locations.&uot; Allegheny Energy, Inc. is a diversified energy company headquartered in Hagerstown, Md. The Allegheny Energy family includes Allegheny Power, which delivers electric energy to about three million people in parts of Maryland, Ohio, Pennsylvania, Virginia, and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. ; Allegheny Energy Supply Company, LLC, which operates and markets competitive retail and wholesale electric generation and operates regulated electric generation for its affiliates; and Allegheny Ventures, which actively invests in and develops energy-related and telecommunications projects. For more information, check our web site at www.alleghenyenergy.com. |
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