Allegheny Power 2010 Annual Report Download - page 3
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3
We’ve strengthened our position as
an industry leader. The merger of
FirstEnergy and Allegheny Energy
expands our utility customer base by
35 percent, increases our generating
resources by 70 percent, and creates
more opportunities to grow our retail
generation sales.
In addition, with our contiguous service areas
and strategically located power plants, we have
an ideal platform for creating operating efficiencies
and delivering greater value to our shareholders.
Our 10 utilities serve six million customers in
six states, making FirstEnergy the largest electric
system in the United States based on customers
served. And, we control one of the nation’s
largest, cleanest and most diversified generating
fleets – approximately 24,000 megawatts (MW)
of capacity including nuclear, coal, natural gas,
wind and pumped storage.
The merger more than doubles our highly efficient,
supercritical coal capacity, improves the overall
environmental performance of our entire fleet, and
increases the generation output we have available
to sell at market-based prices by almost 40 percent.
This larger, more efficient fleet also provides
opportunities to grow our business as we expand
into new markets with a stronger, more focused
competitive operation.
Anthony J. Alexander
President and Chief Executive Officer
Through this combination, we’re creating a premier
regional energy provider – stronger, more flexible
and better equipped to meet the challenges that
lie ahead. And I’m confident our employees will
deliver on the promise of the merger by working
together to achieve a wide range of operating
efficiencies and improvements.
Message to Shareholders