United Bank shares announces its first-quarter earnings

May 3, 2024

United Bankshares Inc. reported earnings for the first quarter of 2024 of $86.8 million, or 64 cents per share. First quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, of 1.19%, 7.25% and 11.98%, respectively. The first quarter of 2024 included $1.8 million of expense for the Federal Deposit Insurance Corp.’s (“FDIC”) special assessment levied on all banking organizations stemming from the FDIC’s Deposit Insurance Fund. “UBSI delivered solid performance in the first quarter of 2024,” stated Richard M. ...

Event destination: Area’s lodging taxes blow by pre-pandemic numbers

May 2, 2024

MORGANTOWN — People aren’t coming to Morgantown for vacation.  They’re not spending months planning to fly across the country for a week-long getaway to north-central West Virginia.  But they are coming.  And in record numbers.  Four years after ...

State PSC OK’s Cheat View PSD consolidation with MUB

May 2, 2024

MORGANTOWN – The state Public Service Commission gave its OK this week for the consolidation of Cheat View Public Service District's waterworks system into Morgantown Utility Board's. The two utilities filed their joint petition for the consolidation last Dec. 11 and PSC staff ...

Quantum Pleasants asks PSC to dismiss Hope Gas petition regarding new pipeline to its planned hydrogen power plant project

May 1, 2024

MORGANTOWN – The unnamed plant and pipeline company that Hope Gas has petitioned the Public Service Commission about has come forward, The plant asked the PSC on Tuesday to dismiss the petition so that its project can move forward. On Wednesday, Hope asked the PSC to hold the case in ...

PSC wants more info on Hope Gas petition to stop pipeline company’s plan to take customer; Mon Power customers to get small refund

April 30, 2024

MORGANTOWN — The Public Service Commission and PSC staff have expressed some puzzlement about a Hope Gas filing asking the PSC to intervene in a situation where Hope fears it may lose a large industrial customer, and have asked Hope to supply some more information. In a separate PSC ...

PSC staff ponder net-metering dispute that could affect solar projects across West Virginia

April 27, 2024

MORGANTOWN – State Public Service Commission staff are puzzling over a complaint filed by the Coalfield Development Corp. that they say could affect the future of solar power across the state. Its recommendation to the PSC was due Friday, but it said earlier in the week it needs 60 more ...