×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | First | Energy | Allegheny

First Energy Buying Rival Allegheny Energy for $4.7 Billion

Thursday, 11 February 2010 12:04 PM EST

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.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Headline
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 February 2010 12:04 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved