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.
Prime rate, federal funds rate, COFI. The prime rate, as reported by The Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the federal funds rate, which is set by the Federal Reserve.