Energy Co. Sells 1,100 Acres to State for Preservation

MONONGALIA COUNTY, WV-Several parcels of land totaling 1,100 acres along the Cheat River have been designated for preservation with the property’s recent sale to the state of West Virginia. Allegheny Energy’s Mike Grandillo tells GlobeSt.com that the property is valued at $1.75 million. Allegheny Energy Inc. subsidiary West Virginia Power and Transmission Co. signed off on the plans to dispose of the non-utility land as part of its ongoing strategy to divest in assets that do not enhance its core business plans. Much of the property is home to plant and wildlife, and it will serve recreational purposes.

“[The agreement] will allow continued public access to this land and state management of a large portion of the view-shed from one of the region’s most well-known overlooks,” Allegheny Energy COO Jay S. Pifer explains. “We are proud of our contribution to quality recreational opportunities in the Cheat Lake area, and transferring this land is another illustration of our long-standing commitment to environmental stewardship and working with public agencies to create quality recreational opportunities.”