"Allegheny Energy is committed to environmental stewardship and operating our business with respect for the environment," says company president and CEO Alan J. Noia. "Now, it is clearly the highest and best use of this property to be protected by the U.S. Fish & Wildlife Service as part of the Canaan Valley National Wildlife Refuge." Allegheny had originally planned to erect a hydroelectric plant and reservoir on part of the land, but that plan came to a halt when the company was refused a permit to flood the property. An additional 8,000 acres in the same area remain under Allegheny ownership.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
