File No. 70-7888
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
POST-EFFECTIVE AMENDMENT NO. 8
TO
FORM U-1
APPLICATION OR DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Allegheny Power System, Inc. Monongahela Power Company
Tower Forty Nine 1310 Fairmont Avenue
12 East 49th Street Fairmont, WV 26554
New York, NY 10017
Allegheny Power Service Corporation The Potomac Edison Company
800 Cabin Hill Drive 10435 Downsville Pike
Greensburg, PA 15601 Hagerstown, MD 21740
Allegheny Generating Company West Penn Power Company
Tower Forty Nine 800 Cabin Hill Drive
12 East 49th Street Greensburg, PA 15601
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, Esquire
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>
Applicants hereby amend Item 1. Description of Proposed Transaction by
adding the following to the end thereof:
1. Applicants are no longer seeking an exemption under Section 6(b)
and hereby delete all references to Section 6(b) contained in Post Effective
Amendment No. 7. Applicants are filing this amendment pursuant to Sections 6,
7, 9(a), 10 and 12.
2. Applicants hereby amend Item 2. Fees, Commissions and Expenses by
adding the following to the end thereof:
None, other than (i) ordinary expenses not over $500 in connection with
the preparation of this Post-Effective Amendment, (ii) $2,000 filing fee for
this Post-Effective Amendment, and (iii) in connection with the issuance and
sale of commercial paper, if any, standard rating fees aggregating
approximately $90,000 annually for APS, Monongahela, Potomac Edison and West
Penn, and standard rating fees aggregating approximately $30,000 annually for
AGC, as well as the discount to the dealer referred to in Item 1 above.
None of such fees, commissions or expenses are to be paid to any
associate company or affiliate of the Applicants or any affiliate of any such
associate company except for legal, financial and other services to be
performed at cost by APSC.
3. Applicants hereby amend Item 3. Applicable Statutory Provisions by
adding the following to the end thereof:
<PAGE>
Short-term borrowings by APS and its affiliates are subject to Sections
6 and 7 of the Public Utility Holding Company Act of 1935 (the "Act").
Borrowings from the Pool are subject to the requirements of Sections 6,
7, 9(a), 10 and 12 of the Act and Rules 43 and 45 thereunder. Loans to the
Pool are subject to the requirements of Sections 9(a), 10 and 12 of the Act,
but are exempted from Rule 45(a) pursuant to paragraph (b)(1) of Rule 45.
Investments of funds by the Pool are subject to Sections 9(a) and 10 of the
Act.
4. Applicants hereby amend Item 4. Regulatory Approval by adding the
following to the end thereof:
Prior to 1995, Section 55-65.1 of the Virginia Code required State
Corporation Commission ("SCC") approval before a utility could assume short-
term debt (maturity date of less than 12 months from issuance) if the
indebtedness, in aggregate, would exceed 5 percent of the total capitalization
of the utility. In 1995, this law was amended to allow assumption of short-
term indebtedness totaling up to 12 percent of the utility's total
capitalization without SCC approval.
As the total short-term indebtedness of Potomac Edison, including
amounts involved with the Money Pool, will not exceed 12 percent of Potomac
Edison's total capitalization, SCC approval of such indebtedness is not
necessary.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, the undersigned Applicants have duly caused this statement to be
signed on their behalf by the undersigned thereunto duly authorized.
ALLEGHENY POWER SYSTEM, INC.
ALLEGHENY POWER SERVICE CORPORATION
ALLEGHENY GENERATING COMPANY
MONONGAHELA POWER COMPANY
THE POTOMAC EDISON COMPANY
WEST PENN POWER COMPANY
By NANCY H. GORMLEY
Nancy H. Gormley
Counsel
Dated: November 3, 1995
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