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.
DEFINITION of 'Prime Rate'. The interest rate that commercial banks charge their most credit-worthy customers. Generally a bank's best customers consist of large corporations.The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate which banks lend to one another.he interest rate that commercial banks charge their most credit-worthy customers. Generally a bank's best customers consist of large corporations.
The Prime Minister of Canada (French: Premier ministre du Canada) is the primary minister of the Crown, chairman of the Cabinet, and thus head of government for Canada, charged with advising the Canadian monarch or federal viceroy on the exercise of the executive powers vested in them by the constitution.