| Business Summary | | West
Penn
Power
Company
is
a
wholly
owned
subsidiary
of
Allegheny
Energy,
Inc.
that
operates
its
electric
distribution
system
in
southwestern
and
north
and
south-central
Pennsylvania.
West
Penn
is
doing
business
under
the
trade
name
Allegheny
Power.
West
Penn
serves
about
681,000
electric
customers
in
a
service
area
of
about
9,900
square
miles
with
a
population
of
about
1,399,000.
West
Penn's
regulated
electric
operating
revenues
in
2000
were
residential,
38.6%;
commercial,
21.1%;
industrial,
30.9%;
bulk
power
transactions,
2.4%,
and
other,
7.0%.
The
10
largest
communities
served
by
West
Penn
have
populations
ranging
from
11,200
to
38,900.
West
Penn's
service
area
has
navigable
waterways
and
substantial
deposits
of
bituminous
coal,
limestone
and
other
natural
resources.
Its
service
area's
principal
industries
produce
steel,
coal,
fabricated
products
and
glass. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | West
Penn
Power
Company
is
an
electric
utility
company
which
operates
in
southwestern
and
north
and
south-central
Pennsylvania.
For
the
six
months
ended
6/30/01,
total
revenues
increased
10%
to
$561.2
million.
Net
income
increased
10%
to
$59.1
million.
Revenues
reflect
increased
energy
usage
and
an
increase
in
the
number
of
customers.
Net
income
was
partially
offset
by
the
additional
purchase
of
energy
from
Allegheny
Energy
Supply. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Alan Noia, 52 Chairman
and CEO | $1000K | Jay Pifer, 62 Pres | 408K | Michael Morrell, 51 VP | 444K | Peter Skrgic, 58 VP | 494K | James Haney, 43 VP | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|