Allegheny Energy Supply Signs Tolling Agreement With Nevada Generating Facility for 222 MW.Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--May 11, 2001 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 electric generation subsidiary, Allegheny Energy Supply Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has signed a 15-year, natural gas tolling agreement with Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Cogeneration II for 222 megawatts (MW) of generating capacity. The contract is part of Allegheny Energy Supply's continued effort to build its presence as a national energy merchant. Under the terms of the contract, Allegheny Energy will have control of a 222-MW natural gas-fired, combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. generating facility in Las Vegas, Nev., beginning in the third quarter 2002. The output will be sold into the Western Systems Coordinating Council by the Company's energy marketing, trading, and risk management subsidiary, Allegheny Energy Global Markets. Michael P. Morrell, President, Allegheny Energy Supply, said, "This tolling agreement is part of Allegheny Energy Supply's continued growth strategy to expand into western U.S. markets. This contract will give us control of more than 2,300 MW to sell into western states by 2005." Allegheny Energy Supply previously announced that it would build a 1,080-MW natural gas-fired, combined cycle generating facility in La Paz La Paz, city, Bolivia La Paz (lä päs), city (1992 pop. 713,378), W Bolivia, administrative capital (since 1898) and largest city of Bolivia. The legal capital is Sucre. County, Ariz. The Company also recently announced a 10-year contract to sell up to 1,000 MW to 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. . About Allegheny Energy Supply Allegheny Energy Supply operates and markets competitive retail and wholesale generation in markets throughout the United States and operates regulated generation for its affiliates. With its recently announced acquisitions and expansion plans, Allegheny Energy Supply will have ownership or control of generating capacity of more than 14,000 MW, with assets strategically located throughout the United States. About Allegheny Energy Allegheny Energy, Inc. is a diversified energy company headquartered in Hagerstown, Md. We have been named to the Fortune 500 list, the Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index 500 index, and the Forbes "Platinum 400" list. 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; 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 telecommunications and energy-related projects. For more information, visit our web site at www.alleghenyenergy.com. |
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