Allegheny Energy Inc. (AYE) yesterday scaled down its proposed rate hike in Virginia . Earlier, in April 2009, the company had asked for $22.6 million rate hike, which it has now scaled down by $3.2 million to a $19.4 million. Allegheny has proposed the hike before the Virginia State Corporation Commission to recover its cost of purchased power.  For a residential customer with a monthly consumption of 1,000 kilowatt-hours of power, Allegheny's original proposal would have increased the bill by $5.47 to $96. The scaled-down proposal would result in a monthly bill of $94. Headquartered in Greensburg , Pennsylvania , Allegheny Energy is an electric utility company with over $3 billion in annual revenues.  The company is engaged in both regulated electricity and natural gas distribution utility operations as well as in unregulated wholesale energy markets. It owns and operates generating facilities and serves electricity to ...

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Tuesday October 13, 2009

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Allegheny Energy, Inc. (NYSE: AYE) will disclose its financial results for the third quarter of 2009 in a news release to be issued before the New York Stock Exchange opens on Thursday, October 29, 2009.

UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines, announced today that the company will release its third quarter 2009 financial results on Tuesday, Oct. 20, 2009, and hold its financial conference call that day at 2 p.m. EDT.

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Allegheny Energy Inc. (AYE) has recently bagged an approval from the West Virginia Public Service Commission to sell $105 million in bonds. The proceeds will be utilized to finance its ongoing gas scrubber project on-going scrubber project (flue gas de-sulfurization) at its 1,107MW coal-fired Fort Martin Power Station near Morgantown , West Virginia . In July 2009, Allegheny Energy, requested to raise approximately $105 million through environmental control bonds with a term of up to 10 years.  Earlier in January 2007, Allegheny Energy received the commission’s approval to gather $450 million of the total estimated cost of $550 million for the scrubber project through securitized financing.  Allegheny Energy plans to repay the bonds by adjusting the current Environmental Control Charge from West Virginia customers. As per company estimates, this would raise the average bill for a customer with a monthly consumption of 1,000 kilowatt-hours of electricity ...

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Friday October 2, 2009

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Integral Systems, Inc., (Nasdaq: ISYS) today announced its continued partnership with the US Air Force on the Rapid Attack, Identification, Detection and Reporting System Block-10 (RAIDRS RB-10) program. On September 25, the US Air Force Space and Missile Systems Center obligated $27,740,754 to implement the restructure of the program from a 6 fixed and 3 deployable site configuration, to a 5 transportable system construct. The Air Force has approved the system restructure under a contract modification with a ceiling

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

ABB Ltd (ABB) Actuant Corp (ATU) Allegheny Energy Inc (AYE) Benchmark Electronics Inc (BHE) Blyth Inc (BTH) Build-A-Bear Workshop Inc (BBW) Cincinnati Financial Corp (CINF) Cleco Corp (CNL) CONMED Corp (CNMD) Dassault Systemes SA (DASTY) Einstein Noah Restaurant Group Inc (BAGL) Electronics For Imaging Inc (EFII) EMS Technologies Inc (ELMG) EnerSys (ENS) Eni SpA (E) Enstar Group Ltd (ESGR) Expeditors International of Washington (EXPD) FNB United Corp (FNBN) Fresh Del Monte Produce Inc (FDP) The Hain Celestial Group Inc (HAIN) Harleysville Group Inc (HGIC) Hartford Financial Services (HIG) Haverty Furniture Companies Inc (HVT) Heritage Financial Corp (HFWA) I-Flow Corp (IFLO) Independent Bank Corp (IBCP) Investment Technology Group (ITG) ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

ABB Ltd (ABB) Accuride Corp (AURD) Alaska Air Group Inc (ALK) Allegheny Energy Inc (AYE) The Allstate Corp (ALL) Arbor Realty Trust Inc (ABR) Argo Group International Holdings Ltd (AGII) Banco Bradesco SA (BBD) Berkshire Hills Bancorp Inc (BHLB) Blyth Inc (BTH) Bristow Group Inc (BRS) Callaway Golf Co (ELY) CBS Corp (CBS) Celgene Corp (CELG) CenterPoint Energy Inc (CNP) Cincinnati Financial Corp (CINF) Clarcor Inc (CLC) Cleco Corp (CNL) CNinsure Inc (CISG) Community Bancorp (CBON) Cynosure Inc (CYNO) Dayton Superior Corp (DSUPQ) Domtar Corp (UFS) El Paso Electric Co (EE) EMS Technologies Inc (ELMG) Erie Indemnity Co (ERIE) Ethan Allen Interiors Inc (ETH) Fairpoint Communications Inc (...

For Immediate Release

Chicago, IL - May 14, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Allegheny Energy, Inc. (AYE), Vivus, Inc. (VVUS), Georgia Gulf Corporation (GGC), Sempra Energy (SRE) and The Medicines Company (MDCO).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

Allegheny Energy Offers Stability

Allegheny Energy, Inc. (AYE) reported financial results for the 1st quarter of 2009.

Adjusted net income for the 1st quarter of 2009 decreased by $22.0 million compared with the year-ago period.

Adjusted operating revenues increased

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Allegheny Energy Inc (AYE) AnnTaylor Stores Corp (ANN) Arbor Realty Trust Inc (ABR) Bank of New York Mellon Corp (BK) Boise Inc (BZ) Build-A-Bear Workshop Inc (BBW) C&D Technologies Inc (CHP) Callaway Golf Co (ELY) Celgene Corp (CELG) China Sunergy Co Ltd (CSUN) Cutera Inc (CUTR) Cynosure Inc (CYNO) Dayton Superior Corp (DSUPQ) Domtar Corp (UFS) Doral Financial Corp (DRL) Eastern Insurance Holdings Inc (EIHI) Embraer - Empr Bras Aeronautica (ERJ) Employers Holdings Inc (EIG) EMS Technologies Inc (ELMG) Eni SpA (E) FalconStor Software Inc (FALC) FARO Technologies Inc (FARO) FBL Financial Group (FFG) First M & F Corp (FMFC) Gevity HR Inc (GVHR) Harbin Electric Inc (HRBN) Hartford ...

For Immediate Release

Chicago, IL - May 13, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Vale do Rio Doce (VALE), Cytori Therapeutics (CYTX), Allegheny Energy Inc. (AYE), AmBev (ABV) and The PMI Group, Inc. (PMI).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Tuesday's Analyst Blog:

VALE Now More China-Dependent

Some days ago, Vale do Rio Doce (VALE) posted weaker-than-expected first quarter 2009 results. The numbers showed a remarkable contrast between the actual results of the company and the great performance the stock has been showing

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Allegheny Energy, Inc. (AYE) reported financial results for the 1st quarter of 2009.Adjusted net income for the 1st quarter of 2009 decreased by $22.0 million compared with the year-ago period.Adjusted operating revenues increased by $49.8 million in the reported quarter, reflecting higher generation rates in Pennsylvania and Maryland, increased purchased power cost recovery in Virginia and higher sales to third parties. These benefits were partially offset by reduced generation volume due to lower power plant availability and less demand.Adjusted EBITDA for the 1st quarter of 2009 was $328.2 million, an increase of $5.1 million compared to the same quarter of the prior year. AYE continues to benefit through its stable and regulated electric power operations.In addition, the company has consistently paid quarterly dividends after reinstating them in December 2007, which was previously suspended in December of 2002 as the company ...