AKRON, OH and GREENSBURG, PA – FirstEnergy and Allegheny Energy received approval for their merger from the Pennsylvania Public Utility Commission (PaPUC). This is the final regulatory approval needed to close the transaction.
First Energy operates a fleet of 4,100 vehicles, and Allegheny Energy’s Allegheny Power subsidiary operates a fleet of 1,251 vehicles, according to Automotive Fleets’ records. When contacted, First Energy said that the merger won’t affect vehicle fleet operations for either company.
“Our fleet is generally tied to our utility companies, and all the utility companies will remain in place and will be there to serve customers in the same way. I don’t anticipate that it will have any impact on our fleet of vehicles,” said Ellen Raines, a First Energy spokesperson.
Together, the companies will include ten electric distribution utilities serving six million customers; approximately 24,000 megawatts of generating capacity; 67,000 square miles of service territory with operations in seven states – Ohio, Pennsylvania, West Virginia, Virginia, New Jersey, New York and Maryland; approximately $48 billion in assets; and $16 billion in annual revenues.