Allegheny Energy Inc. says Virginia regulators have approved an agreement that reduces the utility's proposed rate increase by $3.2 million.

Staff lawyers for the state Public Service Commission continue to press for the dismissal of an application to build a multistate power line through West Virginia.

The Virginia Supreme Court upheld permits for construction of a multistate power line Thursday, rejecting a claim by the project's opponents that state regulators ceded too much authority to the federal government.

Allegheny Power says it has invested $156 million in infrastructure improvements and other projects in West Virginia over the past two years.

What follows is a roundup of corporate earnings reports for Thursday, Oct. 29.

The Virginia Supreme Court upheld permits for construction of a multistate power line Thursday, rejecting a claim by the project's opponents that state regulators ceded too much authority to the federal government.