trending Market Intelligence /marketintelligence/en/news-insights/trending/4d3vbqkh8wttvv4zzwoltg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Mon Power wins FERC approval to become sole owner of Allegheny Generating

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Energy Outlook for H2 2021

Blog

Corporate renewables market flourished in 2020 despite pandemic

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


Mon Power wins FERC approval to become sole owner of Allegheny Generating

The Federal Energy Regulatory Commission has approved a transaction that will see Monongahela Power Co. become the sole owner of Allegheny Generating Co.

Under the internal reorganization deal, Allegheny Generating will reacquire 59.38% of outstanding capital stock held by Allegheny Energy Supply Co. Mon Power, which currently holds 40.62% of capital stock of Allegheny Generating, will become the sole owner of all outstanding and issued capital stock of Allegheny Generating upon closing, according to a Feb. 16 FERC order.

Allegheny Generating owns a 713-MW ownership interest in Bath County pumped-storage station in Virginia, which it will transfer to LS Power Group subsidiary LS Power Development LLC in a separate transaction. (FERC docket EC17-83)

The FirstEnergy Corp. subsidiaries expect to close the internal reorganization immediately after the consummation of the Bath County Station sale, which is anticipated for first-quarter 2018. (FERC docket EC18-27)