Allegheny picks Fairmont for new transmission operations HQ
Allegheny will construct an environmentally friendly building on a nine-acre parcel of land in the I-79 High Technology Park. The facility will serve as the center for AlleghenyÂ’s multi-state transmission functions and will feature a new operations center, which will perform around-the-clock management of the electric grid. In addition, the new building will be home to AlleghenyÂ’s transmission planning, engineering, maintenance and construction functions.
“With two major expansion projects underway, we need a new center to meet the complex requirements of our transmission system, and North Central West Virginia is an ideal location,” stated Paul J. Evanson, Chairman, President, and Chief Executive Officer of Allegheny Energy.
Allegheny expects to start construction in 2009, with completion expected in mid-2011. Approximately 150 managerial, professional, technical, and administrative positions will be located in the new building.
Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned electric utility with total annual revenues of over $3 billion and more than 4,000 employees. The company owns and operates generating facilities and delivers low-cost, reliable electric service to 1.6 million customers in Pennsylvania, West Virginia, Maryland and Virginia.
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Hydro One deal to buy Avista receives U.S. antitrust clearance
TORONTO - Hydro One Ltd. says it has received antitrust clearance in the United States for its deal to acquire U.S. energy company Avista Corp.
The Ontario-based utility says the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Thursday night.
Hydro One announced the friendly deal to acquire Avista last summer in an agreement that valued the company at $6.7 billion.
The deal still requires several other approvals, including those from utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
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The U.S. Federal Communications Commission must also sign off on the transaction and clearance is required by the Committee on Foreign Investment…
