Allegheny Energy Named To Fortune 500 List.Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--April 11, 2001 Record-breaking performance by 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) has helped catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). the Company into the Fortune 500 list of America's largest corporations, as selected by Fortune magazine. Allegheny Energy is ranked 417 overall on the list, which features the largest U.S. companies, based on revenue. In addition, the Company is ranked 28 among the gas and electric utilities group. "We are pleased to be named to the Fortune 500 list because it clearly recognizes Allegheny Energy as an industry leader," says Alan J. Noia, Chairman of the Board, President, and Chief Executive Officer. "But, more importantly, our selection is another example that our growth strategy is succeeding and enhancing value for our shareholders." Recent financial highlights for Allegheny Energy include record year-end 2000 earnings, before extraordinary charges, and an 80 percent increase in the Company's stock price during the year. In addition to being named to the Fortune 500 list, Allegheny Energy is also included on the Forbes magazine's "Platinum 400" list of America's best big companies and Standard & Poor's (S&P) 500 Index. An S&P 500 company, Allegheny Energy, Inc. is a diversified diversified (di·verˑ·s energy company headquartered in Hagerstown, Md. The Allegheny Energy family includes Allegheny Power, which delivers electric energy and natural gas 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 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 telecommunications and energy-related projects. For more information, visit our web site at www.alleghenyenergy.com. |
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