September 29, 2016 12:36 PM ET

Electric Utilities

Company Overview of West Penn Power Company

Company Overview

West Penn Power Company, together with its subsidiaries, operates an electric transmission and distribution system in Pennsylvania. The company provides electric services to residential, commercial, and industrial customers. As of February 26, 2016, it served approximately 720,000 customers in 24 Pennsylvania counties. The company is based in Greensburg, Pennsylvania. West Penn Power Company is a subsidiary of FirstEnergy Corp.

800 Cabin Hill Drive

Greensburg, PA 15601

United States

Key Executives for West Penn Power Company

Chairman and Chief Executive Officer
Age: 74
President
Age: 59
Principal Financial Officer, Vice President and Director
Age: 57
Principal Accounting Officer and Controller
Age: 58
Acting Secretary
Age: 57
Compensation as of Fiscal Year 2016.

West Penn Power Company Key Developments

Auction Process For Pennsylvania Utilities To Start

FirstEnergy Corp. (NYSE:FE)'s Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company and West Penn Power Company are up for sale. CRA International said on April 19, 2016 the auction process for First Energy's Pennsylvania utilities will start. CRA International said there will be an information session for bidders on April 27 and the process will lead up to the auction on June 27.

West Penn Power Builds New Transmission Line to Support Shale Gas Industry in Washington County, Pennsylvania

West Penn Power is building a new transmission line at a cost of about $3 million to provide reliable electric service to a new natural gas facility in western Pennsylvania. The new transmission line will connect to an existing transmission line and provide electrical service to a new compressor station under construction in Robinson Township, Washington County. As part of the project, crews are erecting 28 wood, steel and laminated transmission structures along the 1.7-mile route near State Route 980 and the Quicksilver Golf Course. Electrically powered compressor stations are necessary to move natural gas through pipelines. The new transmission line is expected to be completed in September prior to the completion of the facility, which is expected to be in operation later in the year. Ultimately, the new station has the potential to add approximately 60 megawatts of new electric load on the West Penn Power system. FirstEnergy expects to spend nearly $50 million on new electric transmission projects to support the gas industry in western Pennsylvania in the 2015-2017 timeframe. The company continues to evaluate additional transmission upgrades as new service requests from shale gas developers are made throughout the region.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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