Allegheny Energy Supply Responds to FERC Postponement in Long-Term Contract Case.Energy Editors/Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--March 26, 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. Supply, a subsidiary of Allegheny Energy, Inc. (NYSE NYSE See: New York Stock Exchange : AYE), is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the majority of the Federal Energy Regulatory Commissioners (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ) and their staff indicated support for the sanctity of the Company's long-term electricity supply contract with the California Department of Water Resources History 1850-1875 California recognizes many types of water rights. These rights have developed with the State over time. Prior to the Treaty of Guadalupe Hidalgo, signed in 1848, California was part of Mexico. . The Company looks forward to the FERC issuing an order to confirm its support as soon as possible. Discussions at today's meeting also strengthen Allegheny's position that the claims brought by California against our contract are without merit. This is underscored by the fact that the Company was not included in the show cause orders handed down by the Commission today, nor was Allegheny mentioned in the market manipulations report presented by the FERC staff. With headquarters in Hagerstown, Md., Allegheny Energy is an integrated energy company with a balanced portfolio of businesses, including Allegheny Energy Supply, which owns and operates electric generating facilities and supplies energy and energy-related commodities in selected domestic retail and wholesale markets; Allegheny Power, which delivers low-cost, reliable electric and natural gas service to about three 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. ; and a business offering fiber-optic and data services. More information about the Company is available at www.alleghenyenergy.com. Visit our Online Newsroom at www.alleghenyenergy.com/newsroom. |
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