FirstEnergy-Allegheny Energy Merger Application Receives Approval

FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE) today announced that they have received approval from the Virginia State Corporation Commission (SCC) for their proposed merger. The companies filed a petition with the SCC for approval of their merger on June 4, 2010. Allegheny Energy owns transmission assets in Virginia through Potomac Edison and the Trans-Allegheny Interstate Line Company. Get free trades at tradeMONSTER!