SOURCE: Industrial Info Resources

February 16, 2009 05:30 ET

Allegheny Energy Plans $1.1 Billion of Capital Expenditures in 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 16, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Allegheny Energy (NYSE:AYE) (Greensburg, Pennsylvania), a major power supplier to Virginia, West Virginia, Pennsylvania and Maryland, reported fourth-quarter and full-year earnings for the 2008 fiscal year, which ended December 31. The company's adjusted net income was up compared with the previous year for both the quarter and the full year. Chief Financial Officer Kirk Oliver said the company planned $1.1 billion of capital expenditures in 2009.

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