Energy - February 25, 2011

Senate D's Present PA Works

This week Pennsylvania Senate Democrats presented their six-point “PA Works” jobs initiative. The Democrat leaders said their plan “will reduce state spending by $150 million while giving businesses incentive to make significant community investments.” The plan focuses on six areas including: putting small business first; workforce training; critical investments to create jobs; clean & green energy; infrastructure investment; and tax fairness.


Power Companies Merge

Also this week, the Pennsylvania Utility Commission voted to approve the merger between Allegheny Energy and FirstEnergy. Together the new merger will serve 6 million customers, 2 million of which are in Pennsylvania.

PUC added conditions to the merger to make sure the now larger company would not be too powerful in setting rates. The PA utilities will not seek distribution rate increases until October 2012 and customers of Allegheny Energy's West Penn Power will receive $10.7 million in credit towards distribution bills.