Thursday, February 11, 2010

FirstEnergy To Buy Rival Allegheny

A merger of two giant electric utilities will create one of the nation's largest power companies.

Akron, Ohio, based FirstEnergy says it will buy Greensburg, Pa., based Allegheny Energy for about $4.7 billion in stock.If the deal closes as expected by mid-2011, the result would be a single company serving more than 6-million...

Visit Clean Skies for the full story.

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