Allegheny Energy Names Thomas R. Gardner Vice President, Controller, and Chief Accounting Officer.Energy Editors/Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--Oct. 9, 2003 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 Thomas R. Gardner, a partner with the audit and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a of Deloitte, has been named the Company's Vice President, Controller, and Chief Accounting Officer, effective October 13, 2003. Mr. Gardner will report to Jeffrey D. Serkes, Senior Vice President and Chief Financial Officer. "I am very pleased that Tom has joined our team. His financial systems and accounting background will be especially valuable to us as we continue to make progress in bringing our financial reporting current, improving our internal controls, and restoring the health of the Company," said Paul J. Evanson, Allegheny Energy's Chairman, President, and Chief Executive Officer. Mr. Gardner has been with Deloitte since 1997 and has worked with clients on finance transformation, including business strategy, cost control, and technology management. Since February, he has been part of the Deloitte team working with Allegheny Energy on its comprehensive financial review. Previously, he served in a variety of finance and technology positions with Alexander & Alexander Services Inc. Mr. Gardner holds a Master of Business Administration degree with a concentration in Finance from The George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. . He also holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Accounting from the University of Baltimore The University of Baltimore (UB), located in downtown Baltimore, Maryland in the Mt. Vernon neighborhood, is part of the University System of Maryland. UB recently opened a brand new student center as well as changing the colors to blue and green, and the "UB" logo. . Mr. Gardner replaces Ronald K. Clark, who has been serving as Vice President and Controller since June 2002. Mr. Clark will remain with the Company during a transition period. "I want to thank Ron for his many contributions to our Company, especially his leadership through our recently completed comprehensive financial review," Evanson said. Allegheny Energy is an integrated energy company with a portfolio of businesses, including Allegheny Energy Supply, which owns and operates electric generating facilities and supplies energy and energy-related commodities; and Allegheny Power, which delivers low-cost, reliable electric and natural gas service to about four million people in 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. . More information about the Company is available at www.alleghenyenergy.com. Certain statements contained herein constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. with respect to Allegheny Energy, Inc. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Allegheny Energy to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors may affect Allegheny Energy's operations, markets, products, services, prices, capital expenditures, development activities, and future plans. Such factors include, among others, the following: changes in general, economic, and business conditions; changes in the price of electricity and natural gas; changes in industry capacity; changes in technology; changes in financial and capital market conditions; changes in political and social conditions, deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. activities and the movement toward competition in the states served by our operations; the effect of regulatory and legislative decisions; regulatory approvals and conditions; the loss of any significant customers; litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; and changes in business strategy or business plans. |
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