Summary
A combined FirstEnergy Corp.-Allegheny Energy Inc. won't dominate wholesale power movement or retail pricing in Pennsylvania or other states, the companies said in their formal application to merge.
FirstEnergy, of Akron, Ohio, and Greensburg-based Allegheny Energy filed the application this week with the Federal Energy Regulatory Commission, seeking approval of their proposed $8.5 billion stock and debt merger. The deal was announced in February and is expected to close before mid-2011.See the full content of this document
Extract
Merged Utility Wouldn't Be 'Dominant'
FERC has 180 days to rule on the application. The companies plan to make filings to state regulators in Pennsylvania, West Virginia and Maryland this month, and in V...
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