Coming a little more than a week after the company headed off bankruptcy, Hagerstown, MD-based Allegheny Energy, Inc. announced that Alan J. Noia, chairman, president, and CEO, has informed the board of directors of his decision to retire. Noia has agreed to remain with the company until a successor is found. The company said it is in the process of enlisting a prominent executive search firm to head the search.
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Articles from Hagerstown
Allegheny to Cut 10% of Workforce, Drop Power Projects
Following critical reviews by two major investment houses, Hagerstown, MD-based Allegheny Energy last week announced it is slashing its expected 2002 earnings guidance and is executing plans to reduce operating and capital expenditures for the rest of the year and beyond, including the cancellation of a combined 1,168 MW of planned generation in Arizona and Indiana and the elimination of about 10% of its workforce, or 600 jobs. Having already eliminated eight positions from its energy marketing and trading division in the second quarter, officials with Allegheny Energy last week weren’t ruling out the possibility of further cuts from that part of company as part of the overall head count reduction.
July 15, 2002
SEC Oks Allegheny Power, Mountaineer Deal
Allegheny Power of Hagerstown, MD is closer to having 200,000new natural gas customers after getting a thumbs up from theSecurities and Exchange Commission yesterday to acquire MountaineerGas Co., West Virginia’s largest natural gas provider.
August 15, 2000
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