West Penn Power Co.

• Private
• US

Dow Jones Description

On May 21, 1999, the PUC approved the WPPSEF Board of Directors. The Board of Directors was comprised of representatives from West Penn industrials, environmental, consumer, and the renewable/cleaner energy industry groups. The Fund was incorporated as a non-profit 501(c) 3 organization and its by-laws were approved on June 2, 2000. The WPPSEF selected The Economic Growth Connection of Westmoreland (EGC) to be its central repository for Fund records, to render financial disbursement for the Fund, and to perform financial due diligence on incoming funding requests. In December 2000, the WPPSEF Board selected The Energy Institute of Penn State University as the Fund Administrator. Penn State has teamed with Energetics, Inc. to broaden its technical and business capabilities. The Fund selected PNC Bank to manage the non-invested assets.

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