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By JULIE E. GREENE | julieg@herald-mail.com | March 21, 2013
Washington County Public Schools Superintendent Clayton Wilcox said rough estimates indicate that renovating the former Allegheny Energy headquarters would be much less expensive for taxpayers than demolishing downtown Hagerstown buildings and constructing new administrative offices and a parking deck. Wilcox said estimates for renovating the former utility building on Downsville Pike are around $6 million. Combined with the $5.5 million price in the purchase agreement the Board of Education approved on Feb. 19, that puts the estimated cost of buying and renovating the building at around $11.5 million.
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NEWS
August 17, 2009
GREENSBURG, Pa. -- Allegheny Energy recently donated nearly $17,000 to the United Way of Washington County as a result of the company's 2008 employee donation campaign. For more than 30 years, Allegheny employees have donated their time, energy and financial support to United Way. Each year, this long-standing partnership benefits more than 50 United Way chapters in Allegheny's Maryland, Pennsylvania, Virginia and West Virginia service territories. Throughout the company's four-state service area, the 2008 campaign raised more than $650,000, including employee donations and contributions from Allegheny's corporate match program.
NEWS
by LAURA ERNDE | June 11, 2002
laurae@herald-mail.com After working for more than a year without a contract, Allegheny Energy line workers have accepted an agreement that gives them raises and preserves their health care benefits. "We were very pleased with the outcome," said William J. Sterner, president of Utility Workers Union of America System Local 102, which represents about 20 percent of the Hagerstown-based company's work force. Allegheny Energy and its union came to a tentative agreement in late April.
NEWS
October 17, 2000
Allegheny Energy gives South $30,000 technology grant By TARA REILLY / Staff Writer The construction of a science lab recently began at South Hagerstown High School without the Washington County Board of Education knowing how it would pay for the computers to equip the new room, said Supervisor of Secondary Science Sandy Graff. On Tuesday afternoon, the board found out it wouldn't have to worry any longer. South High was awarded the first $30,000 TechConnect Grant from Allegheny Energy, a pilot grant to kick off the new TechConnect program.
NEWS
by SCOTT BUTKI | September 23, 2002
scottb@herald-mail.com Allegheny Energy officials want the Washington County Planning Commission to create a new type of zoning for technology companies, which may help draw tenants to the utility company's undeveloped business park. The company is hoping it can more easily attract businesses to the technology park - which lies immediately south of Interstate 70 and straddles Downsville Pike - if it gets the new zoning, Washington County Senior Planner Timothy Lung said Friday.
NEWS
By Daniel J. Sernovitz | July 30, 2005
Allegheny Energy Inc. reported a consolidated net loss of $18.4 million, or 12 cents per diluted share, for the second quarter, reduced from higher losses of $39.5 million, or 31 cents per share, last year, as the company seeks to recover from substantial debt and improve its stock rating from junk status. Allegheny Chairman, President and Chief Executive Officer Paul J. Evanson said the earnings report indicates the company is advancing toward a more solid financial picture with decreasing expenses and solidly improving revenues from its core operations.
NEWS
April 23, 2004
Three short years ago, Allegheny Energy was flying high. so high, in fact, that a national publication selected Allegheny President Alan Noia as CEO of the Year" for his work in transforming the company into a "national energy merchant. " But by September 2002, the slide had begun. The president of Allegheny's energy-trading division was fired for violating internal conflict-of-interest rules. The stock fell 7.8 percent. Later that month, Allegheny and Merrill Lynch & Co. sued each other over Allegheny's purchase of Merrill's company, Global Energy Markets.
NEWS
by JULIE E. GREENE | August 5, 2003
julieg@herald-mail.com Allegheny Energy customers who use PowerPay will notice their money is leaving their accounts a little earlier than usual. The utility's automatic payment system, which deducts the amount due from a customer's checking or savings account, began subtracting the amount due from accounts 10 days earlier than usual this month, Allegheny spokesman Allen Staggers said. Before, PowerPay deducted the money on the day the bill was due, giving customers about 20 days between the time the bill was issued and the day the payment was made, Staggers said.
NEWS
May 18, 2006
All those living in areas served by Allegheny Energy should pay close attention to attempts by Maryland legislative leaders to deal with power increases planned by Baltimore Gas and Electric Co. Come 2008, when Allegheny's residential rate cap is lifted, local residents will certainly face higher costs for electricity. How the BGE issue is resolved will probably provide the blueprint for any action taken to persuade Allegheny not to charge as much as it could for power. After BGE announced rate increases that would average 72 percent for its 1.1 million residential customers, House Speaker Michael Busch and Senate President Thomas V. Mike Miller began looking into the matter.
NEWS
By DANIEL J. SERNOVITZ | October 1, 2005
daniels@herald-mail.com GREENSBURG, PA. Allegheny Energy will pay more than $15 million to settle a class action stemming from its 2001 purchase of troubled Merrill Lynch & Co. subsidiary Global Energy Markets (GEM), according to company filings with the Securities and Exchange Commission and court documents. The 14 consolidated class-action suits, brought before the U.S. District Court of Maryland by Allegheny shareholders, are tied to a string of events that led to Allegheny's financial decline, the collapse and bankruptcy of Enron Corp.
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