Sale of Allegheny Energy's Virginia Territory Approved
Fredericksburg and Mount Crawford, Virginia; Greensburg, Pennsylvania, May 17, 2010 – The Virginia State Corporation Commission, on Friday, gave final approval allowing Rappahannock and Shenandoah Valley Electric Cooperatives to acquire the Virginia distribution assets of Allegheny Energy, Inc. (NYSE: AYE). Customers in the existing territory of Allegheny’s Potomac Edison subsidiary can expect a smooth and seamless transition to service provided by the cooperatives.
“After many months of hard work and planning, both cooperatives are looking forward to providing electric service to our respective new members currently being served by Potomac Edison,” said Myron Rummel, President and CEO of Shenandoah Valley Electric Cooperative. “Former Potomac Edison customers can be assured that they will receive the same safe, reliable and affordable power that current members of both cooperatives have enjoyed for generations.”