Allegheny Energy - Ownership and Business Overview

UtilitiesCompany

Allegheny Energy Ownership

Who owns Allegheny Energy?

Allegheny Energy is owned by FirstEnergy. It was acquired on February 10, 2010.

Allegheny Energy Business Overview

Where is Allegheny Energy headquartered?

Allegheny Energy is headquartered in Greensburg, Pennsylvania.

How many employees does Allegheny Energy have?

Allegheny Energy has 4,211 employees.

What sector is Allegheny Energy in?

Allegheny Energy is an utilities company.

When was Allegheny Energy founded?

Allegheny Energy was founded in 1925.

Utilities M&A Summary in 2010

Out of 60 sectors in the Mergr database, utilities ranked 43 in number of deals in 2010. The largest utilities acquisition in 2010 was UK Power Networks Holdings - which was acquired by Power Assets Holdings for $8.9B.

Join Mergr to view all 35 acquisitions of utilities companies in 2010, including 3 acquisitions by private equity firms, and 32 by strategics.

Allegheny Energy, Inc.

800 Cabin Hill Drive,
Greensburg, Pennsylvania 15606
United States,
(724) 837-3000
www.alleghenyenergy.com

Allegheny Energy, Inc. an electric utility company. Allegheny Energy operates and delivers electric services.


M&A Summary

Buy vs Sell

Year ≤ '99 '00 '01 '02 '03 '04 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.2/yr) # - - - - - 1 1
vol $173M $173M
  1

Most Recent M&A

Company Date Value Type
Lincoln Generating Facility LLC 2004-11-01 173M USD Divestiture
Manhattan, Illinois
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment - - 1 (100%) 173M (100%)
Total - - 1 $173M

By Geo

State/Country Buy Value Sell Value
United States - - 1 173M
  Illinois - - 1 173M
Total - - 1 $173M

Deal Values

sell # Total
$100M to $1B 1 $173M
TOTAL $173M
Largest Lincoln Generating Facility LLC
$173M (2004-11-01)

M&A Connections

Deals
Divested to
Investor(s)
100%
1 (100%)
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Employees

4,211

Established

1925

Former Name

Allegheny Power Systems, Inc.

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