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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 2,
1999
WEST PENN POWER COMPANY
(Exact name of registrant as specified in its charter)
Pennsylvania 1-255-2 13-5480882
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
800 Cabin Hill Drive
Greensburg, Pennsylvania 15601
(Address of principal executive offices)
Registrant's telephone number,
including area code: (724) 837-3000
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Item 5. Other Events.
On September 2, 1999, West Penn's Board of Directors approved the
redemption at par value of all of its outstanding first mortgage bonds.
The affected series are listed in the attached press release.
Item 7. Exhibits
Ex. 99.1 Press release dated
September 2, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.
WEST PENN POWER COMPANY
Dated: September 7, 1999 By: Thomas K. Henderson
Name: Thomas K. Henderson
Title: Vice President
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EXHIBIT INDEX
Item No. 7 Exhibits
Ex. 99.1 Press release dated
September 2, 1999.
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Exhibit 99.1
NEWS RELEASE
Cynthia A. Shoop
Director, Corporate Communications
(301) 665-2718
FOR IMMEDIATE RELEASE
Allegheny Energy, Inc. Authorizes Par Call of First Mortgage Bonds
Hagerstown, Md., September 2, 1999 - Allegheny Energy, Inc. (NYSE:
AYE) announced today that its Pennsylvania subsidiary, West Penn Power
Company, which together with affiliates operates under the name
Allegheny Power, has authorized the redemption at par value of all of
that subsidiary's outstanding first mortgage bonds. The par call is
expected to occur in early October.
The redemption will be funded by proceeds from the sale of
intangible transition property as part of its securitization of
transition costs related to the Company's restructuring settlement in
Pennsylvania. The funds will be delivered to the trustee in connection
with the release of the Company's generation assets from the lien of
the indenture.
The following bonds will be included in the redemption:
Maturity Date Coupon Rate
June 1, 2003 6.375%
December 1, 2004 7.875%
August 1, 2007 7.375%
February 1, 2021 8.875%
September 1, 2022 7.875%
August 1, 2024 8.125%
May 1, 2025 7.750%
Allegheny Energy, Inc. is a diversified energy company
headquartered in Hagerstown, Md. The Allegheny Energy family includes
Allegheny Power, which delivers electric energy to about three million
people in parts of Maryland, Ohio, Pennsylvania, Virginia, and West
Virginia; Allegheny Energy Supply, which operates and markets
competitive retail and wholesale electric generation and operates
regulated electric generation for its affiliates; and Allegheny
Ventures, Inc., which actively invests in and develops energy-related
and telecommunications projects. For more information, check our web
site at www.alleghenyenergy.com.
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