Allegheny Power 2010 Annual Report Download - page 8
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I’d like to thank the management teams and
employees of FirstEnergy and Allegheny Energy
for expeditiously completing our merger and
building a stronger foundation for our Company.
I look forward to the future as we bring the many
benefits of the new FirstEnergy to our shareholders,
customers and employees.
Sincerely,
Anthony J. Alexander
President and Chief Executive Officer
March 21, 2011
We recognize that our Company and
industry continue to face significant
challenges, including current soft
market prices for power, a slow
economic recovery and uncertainty
around environmental requirements.
In addition, renewable energy requirements that
involve intermittent solar and wind generation
will add complexity and expense to our operations.
And, compliance with rigorous energy efficiency
mandates will impose considerable costs on our
customers and Company.
However, I am confident we can address these and
other challenges by remaining focused on safety,
operational excellence and financial discipline.
And, as we build on our dual platform of regulated
and competitive businesses, we will create new
opportunities for growth across the entire electric
power value chain.
8
As a result of the merger, our operating companies have
more resources available to provide mutual assistance
following major storms.
Meeting Future Challenges