Allegheny Power Completes Sale of Ohio Service Territory.GREENSBURG, Pa. -- Allegheny Power, the delivery business of 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 it has completed the sale of its Ohio service territory to Columbus Southern Power Company, a subsidiary of American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. Company (NYSE:AEP AEP - Application Environment Profile ). Allegheny received cash proceeds of $51.8 million at closing, consisting of the purchase price ($56 million) net of certain tax items related to the sale. The transaction includes approximately 29,000 customers and all of Allegheny's transmission and distribution assets in Ohio. The sale was implemented on Sunday, when Allegheny's Ohio customers became Columbus Southern customers. Customers in the Ohio service territory should call American Electric Power's Customer Solutions Center at 1-800-277-2177 for all inquiries, including electric service outages and emergencies, 24 hours a day. Allegheny Energy Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned utility consisting of two major businesses. Allegheny Energy Supply owns and operates electric generating facilities, and Allegheny Power delivers low-cost, reliable electric service to customers in Pennsylvania, 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. , Maryland and Virginia. For more information, visit our web site at www.alleghenyenergy.com. |
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