Allegheny Energy owns approximately 9,600 megawatts of generating capacity. The parent company s regulated utilities include West Penn Power Company, Monongahela Power Company and The Potomac Edison Company. It generates electricity through various fuel sources, including coal, pumped-storage plants, water and steam.
Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks.The term originally indicated the interest rate at which banks lent to favored customersâi.e., those with good creditâbut this is no longer always the case.Some variable interest rates may be expressed as a percentage above or below prime rate.he prime rate varies little among banks and adjustments are generally made by banks at the same time, although this does not happen frequently. The prime rate is currently 3.25% in the United States and 2.85% in Canada.
United States Prime Rate: The Current U.S. (Fed) Prime Rate is: 4.50% December 13, 2017: The FOMC has voted to raise the target range for the fed funds rate, from 1.00% - 1.25% to 1.25% - 1.50%. Therefore, the United States Prime Rate is now 4.50%, effective tomorrow (December 14,2017.) The next FOMC meeting and decision on short-term interest rates will be on January 31, 2018. Prime Rate Definition. The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, thrifts, etc.) use the U.S. Prime Rate as an index or foundation rate for pricing various short- and medium-term loan products.