File No. 70-8411
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
POST-EFFECTIVE AMENDMENT NO. 3
TO
APPLICATION OR DECLARATION
ON
FORM U-1
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
ALLEGHENY POWER SYSTEM, INC.
12 EAST 49TH STREET
NEW YORK, NY 10017
(Name of company or companies filing this statement and addresses of
principal executive offices)
Allegheny Power System, Inc.
(Name of top registered holding company parent of each applicant or
declarant)
Nancy H. Gormley, Esq.
Vice President
Allegheny Power System, Inc.
Tower Forty-Nine
12 East 49th Street
New York, NY 10017
(Name and address of agent for service)
<PAGE>
1. Applicant hereby deletes the sixth from the last paragraph
of Item 1. Description of Proposed Transaction, and substitutes the following
therefor:
Allegheny Power System, Inc. ("APS"), a registered holding company
under the Public Utility Holding Company Act of 1935 (the "Act"), requests
authority (i) to allow its non-utility subsidiary company, AYP Capital, Inc.
("AYP Capital") to engage in preliminary development activities, (ii) to
expand the scope of AYP Capital's previously approved activities to include
activities directly or indirectly related to the ownership and/or operation of
companies for the acquisition and ownership of exempt wholesale generators
("EWG's"), (iii) to expand the scope of AYP Capital's permitted activities to
include the business of providing consulting services to nonaffiliates, and
(iv) to increase its investment in AYP Capital from $500,000 to $3 million by
means of purchases of AYP Capital stock or capital contributions from time-to-
time through December 31, 1996, without further Commission approval.
3. Applicant hereby amends Item 3. Applicable Statutory
Provisions by adding the following thereto:
The Companies are informed by counsel that the proposed
transactions may also be subject to Sections 6(a) and 7 of the Public Utility
Holding Company Act of 1935.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, the undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
ALLEGHENY POWER SYSTEM, INC.
By: NANCY H. GORMLEY
Nancy H. Gormley
Counsel
Dated: November 14, 1994
U:\DUMP\AYP\POSTEFF3
