Tags: US | First | Energy | Allegheny

First Energy Buying Rival Allegheny Energy for $4.7 Billion

Thursday, 11 Feb 2010 12:04 PM

First Energy says it is buying rival power provider Allegheny Energy for about $4.7 billion in stock.

The combination would create a regional energy provider with about $16 billion in annual revenues.

The combined company would provide electric service to more than six million customers in Pennsylvania, Ohio, Maryland, New Jersey, New York, Virginia and West Virginia.

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First Energy says it is buying rival power provider Allegheny Energy for about $4.7 billion in stock.The combination would create a regional energy provider with about $16 billion in annual revenues.The combined company would provide electric service to more than six...
US,First,Energy,Allegheny
57
2010-04-11
Thursday, 11 Feb 2010 12:04 PM
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