The companies are seeking SCC approval since Allegheny owns transmission assets in Virginia through Potomac Edison and the Trans-Allegheny Interstate Line Company (TrAILCo).
Earlier this month, the SCC approved Allegheny’s sale of Potomac Edison’s electric distribution service territory and facilities to Rappahannock Electric Cooperative and Shenandoah Valley Electric Cooperative.
In their application, FirstEnergy and Allegheny said that the proposed merger will not negatively impact the service provided by Potomac Edison and TrAILCo.
The merger is expected to close in the first half of 2011, subject to customary closing conditions, including shareholder and regulatory approvals.
According to FirstEnergy and Allegheny, the merger is expected to create a combined company with a diversified energy delivery business and stronger generation portfolio, which will enhance customer service and operational flexibility.
The companies previously filed applications with the Federal Energy Regulatory Commission, the Pennsylvania Public Utility Commission, the Public Service Commission of West Virginia, and the Maryland Public Service Commission. They also made filings with the Federal Trade Commission and Department of Justice for clearance under the Hart-Scott-Rodino Antitrust Improvement Act of 1976.
