File No. 70-7888
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
POST-EFFECTIVE AMENDMENT NO. 7
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 their Application or Declaration on Form U-1 as
follows:
1. Applicants hereby amend Item 6. Exhibits and Financial
Statements, by adding the following:
(a) Exhibits
G Financial Data Schedules
(b) Financial Statements as of June 30, 1995
1-A(i) Balance sheets of Monongahela per books
and pro forma.
2-A(i) Balance sheets of Potomac Edison per books
and pro forma.
3-A(i) Balance sheets of West Penn per books and
pro forma.
4-A(i) Allegheny and subsidiaries consolidated
balance sheet, per books and pro forma.
5-A(i) Balance sheets of AGC per books and pro
forma.
1-B(i) Statements of income of Monongahela per
books and pro forma, and earned surplus.
2-B(i) Statements of income of Potomac Edison per
books and pro forma, and earned surplus.
3-B(i) Statements of income of West Penn per
books and pro forma, and earned surplus.
4-B(i) Allegheny and subsidiaries consolidated
statements of income, per books and pro
forma, and earned surplus.
5-B(i) Statements of income of AGC per books and
pro forma, and earned surplus.
<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: September 29, 1995
L:\MONYPOOL\POST-EFF.7
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000003673
<NAME> ALLEGHENY POWER SYSTEM, INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 5,087,599
<OTHER-PROPERTY-AND-INVEST> 16,524
<TOTAL-CURRENT-ASSETS> 553,403
<TOTAL-DEFERRED-CHARGES> 754,028
<OTHER-ASSETS> 37,461
<TOTAL-ASSETS> 6,449,015
<COMMON> 150,059
<CAPITAL-SURPLUS-PAID-IN> 979,735
<RETAINED-EARNINGS> 967,764
<TOTAL-COMMON-STOCKHOLDERS-EQ> 2,097,558
0
170,086
<LONG-TERM-DEBT-NET> 2,258,250
<SHORT-TERM-NOTES> 34,750
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 55,063
<LONG-TERM-DEBT-CURRENT-PORT> 67,575
155,457
<CAPITAL-LEASE-OBLIGATIONS> 2,973
<LEASES-CURRENT> 1,384
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,605,919
<TOT-CAPITALIZATION-AND-LIAB> 6,449,015
<GROSS-OPERATING-REVENUE> 2,496,247
<INCOME-TAX-EXPENSE> 133,799
<OTHER-OPERATING-EXPENSES> 1,957,291
<TOTAL-OPERATING-EXPENSES> 2,091,090
<OPERATING-INCOME-LOSS> 405,157
<OTHER-INCOME-NET> 8,096
<INCOME-BEFORE-INTEREST-EXPEN> 413,253
<TOTAL-INTEREST-EXPENSE> 168,634
<NET-INCOME> 244,619
21,278
<EARNINGS-AVAILABLE-FOR-COMM> 223,341
<COMMON-STOCK-DIVIDENDS> 195,290
<TOTAL-INTEREST-ON-BONDS> 119,386
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 1.88
<EPS-DILUTED> 1.88
<FN>
<F1>Not calculated for Form U-1 purposes.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000067646
<NAME> MONONGAHELA POWER COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,069,670
<OTHER-PROPERTY-AND-INVEST> 58,993
<TOTAL-CURRENT-ASSETS> 140,322
<TOTAL-DEFERRED-CHARGES> 214,866
<OTHER-ASSETS> 464
<TOTAL-ASSETS> 1,484,315
<COMMON> 294,550
<CAPITAL-SURPLUS-PAID-IN> 2,517
<RETAINED-EARNINGS> 202,556
<TOTAL-COMMON-STOCKHOLDERS-EQ> 499,623
0
74,000
<LONG-TERM-DEBT-NET> 489,823
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 18,500
40,000
<CAPITAL-LEASE-OBLIGATIONS> 843
<LEASES-CURRENT> 118
<OTHER-ITEMS-CAPITAL-AND-LIAB> 361,408
<TOT-CAPITALIZATION-AND-LIAB> 1,484,315
<GROSS-OPERATING-REVENUE> 689,711
<INCOME-TAX-EXPENSE> 33,107
<OTHER-OPERATING-EXPENSES> 563,792
<TOTAL-OPERATING-EXPENSES> 596,899
<OPERATING-INCOME-LOSS> 92,812
<OTHER-INCOME-NET> 9,832
<INCOME-BEFORE-INTEREST-EXPEN> 102,644
<TOTAL-INTEREST-EXPENSE> 38,153
<NET-INCOME> 64,491
8,198
<EARNINGS-AVAILABLE-FOR-COMM> 56,293
<COMMON-STOCK-DIVIDENDS> 45,008
<TOTAL-INTEREST-ON-BONDS> 29,105
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000079731
<NAME> THE POTOMAC EDISON COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,310,809
<OTHER-PROPERTY-AND-INVEST> 61,177
<TOTAL-CURRENT-ASSETS> 173,289
<TOTAL-DEFERRED-CHARGES> 127,771
<OTHER-ASSETS> 996
<TOTAL-ASSETS> 1,674,042
<COMMON> 447,700
<CAPITAL-SURPLUS-PAID-IN> 2,756
<RETAINED-EARNINGS> 211,476
<TOTAL-COMMON-STOCKHOLDERS-EQ> 661,932
0
16,378
<LONG-TERM-DEBT-NET> 628,851
<SHORT-TERM-NOTES> 14,750
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 18,700
45,457
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 287,974
<TOT-CAPITALIZATION-AND-LIAB> 1,674,042
<GROSS-OPERATING-REVENUE> 764,425
<INCOME-TAX-EXPENSE> 29,132
<OTHER-OPERATING-EXPENSES> 624,816
<TOTAL-OPERATING-EXPENSES> 653,948
<OPERATING-INCOME-LOSS> 110,477
<OTHER-INCOME-NET> 15,116
<INCOME-BEFORE-INTEREST-EXPEN> 125,593
<TOTAL-INTEREST-EXPENSE> 48,749
<NET-INCOME> 76,844
4,243
<EARNINGS-AVAILABLE-FOR-COMM> 72,601
<COMMON-STOCK-DIVIDENDS> 59,992
<TOTAL-INTEREST-ON-BONDS> 42,290
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000105839
<NAME> WEST PENN POWER COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 2,015,332
<OTHER-PROPERTY-AND-INVEST> 98,321
<TOTAL-CURRENT-ASSETS> 281,638
<TOTAL-DEFERRED-CHARGES> 396,189
<OTHER-ASSETS> 1,287
<TOTAL-ASSETS> 2,792,767
<COMMON> 465,994
<CAPITAL-SURPLUS-PAID-IN> 55,687
<RETAINED-EARNINGS> 445,322
<TOTAL-COMMON-STOCKHOLDERS-EQ> 967,003
0
79,708
<LONG-TERM-DEBT-NET> 906,583
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 27,000
70,000
<CAPITAL-LEASE-OBLIGATIONS> 2,130
<LEASES-CURRENT> 906
<OTHER-ITEMS-CAPITAL-AND-LIAB> 739,437
<TOT-CAPITALIZATION-AND-LIAB> 2,792,767
<GROSS-OPERATING-REVENUE> 1,151,126
<INCOME-TAX-EXPENSE> 56,052
<OTHER-OPERATING-EXPENSES> 939,524
<TOTAL-OPERATING-EXPENSES> 995,576
<OPERATING-INCOME-LOSS> 155,550
<OTHER-INCOME-NET> 13,551
<INCOME-BEFORE-INTEREST-EXPEN> 169,101
<TOTAL-INTEREST-EXPENSE> 60,732
<NET-INCOME> 108,369
8,837
<EARNINGS-AVAILABLE-FOR-COMM> 99,532
<COMMON-STOCK-DIVIDENDS> 86,206
<TOTAL-INTEREST-ON-BONDS> 47,992
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000774459
<NAME> ALLEGHENY GENERATING COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 686,494
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 8,183
<TOTAL-DEFERRED-CHARGES> 15,089
<OTHER-ASSETS> 0
<TOTAL-ASSETS> 709,766
<COMMON> 1
<CAPITAL-SURPLUS-PAID-IN> 209,999
<RETAINED-EARNINGS> 8,491
<TOTAL-COMMON-STOCKHOLDERS-EQ> 218,491
0
0
<LONG-TERM-DEBT-NET> 260,896
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 3,375
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 227,004
<TOT-CAPITALIZATION-AND-LIAB> 709,766
<GROSS-OPERATING-REVENUE> 90,879
<INCOME-TAX-EXPENSE> 14,541
<OTHER-OPERATING-EXPENSES> 28,514
<TOTAL-OPERATING-EXPENSES> 43,055
<OPERATING-INCOME-LOSS> 47,824
<OTHER-INCOME-NET> 12
<INCOME-BEFORE-INTEREST-EXPEN> 47,836
<TOTAL-INTEREST-EXPENSE> 18,313
<NET-INCOME> 29,523
0
<EARNINGS-AVAILABLE-FOR-COMM> 29,523
<COMMON-STOCK-DIVIDENDS> 35,649
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by operating companies, no EPS required.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000003673
<NAME> ALLEGHENY POWER SYSTEM, INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PRO-FORMA
<TOTAL-NET-UTILITY-PLANT> 5,087,599
<OTHER-PROPERTY-AND-INVEST> 16,524
<TOTAL-CURRENT-ASSETS> 1,078,695
<TOTAL-DEFERRED-CHARGES> 754,028
<OTHER-ASSETS> 37,461
<TOTAL-ASSETS> 6,974,307
<COMMON> 150,059
<CAPITAL-SURPLUS-PAID-IN> 979,735
<RETAINED-EARNINGS> 967,764
<TOTAL-COMMON-STOCKHOLDERS-EQ> 2,097,558
0
170,086
<LONG-TERM-DEBT-NET> 2,323,355
<SHORT-TERM-NOTES> 34,750
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 515,250
<LONG-TERM-DEBT-CURRENT-PORT> 67,575
155,457
<CAPITAL-LEASE-OBLIGATIONS> 2,973
<LEASES-CURRENT> 1,384
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,605,919
<TOT-CAPITALIZATION-AND-LIAB> 6,974,307
<GROSS-OPERATING-REVENUE> 2,496,247
<INCOME-TAX-EXPENSE> 127,169
<OTHER-OPERATING-EXPENSES> 1,957,291
<TOTAL-OPERATING-EXPENSES> 2,084,460
<OPERATING-INCOME-LOSS> 411,787
<OTHER-INCOME-NET> 8,096
<INCOME-BEFORE-INTEREST-EXPEN> 419,883
<TOTAL-INTEREST-EXPENSE> 185,851
<NET-INCOME> 234,032
21,278
<EARNINGS-AVAILABLE-FOR-COMM> 212,754
<COMMON-STOCK-DIVIDENDS> 195,290
<TOTAL-INTEREST-ON-BONDS> 119,386
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 1.79
<EPS-DILUTED> 1.79
<FN>
<F1>Not calculated for Form U-1 purposes.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000067646
<NAME> MONONGAHELA POWER COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PRO-FORMA
<TOTAL-NET-UTILITY-PLANT> 1,069,670
<OTHER-PROPERTY-AND-INVEST> 58,993
<TOTAL-CURRENT-ASSETS> 240,322
<TOTAL-DEFERRED-CHARGES> 214,866
<OTHER-ASSETS> 464
<TOTAL-ASSETS> 1,584,315
<COMMON> 294,550
<CAPITAL-SURPLUS-PAID-IN> 2,517
<RETAINED-EARNINGS> 202,556
<TOTAL-COMMON-STOCKHOLDERS-EQ> 499,623
0
74,000
<LONG-TERM-DEBT-NET> 489,823
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 100,000
<LONG-TERM-DEBT-CURRENT-PORT> 18,500
40,000
<CAPITAL-LEASE-OBLIGATIONS> 843
<LEASES-CURRENT> 118
<OTHER-ITEMS-CAPITAL-AND-LIAB> 361,408
<TOT-CAPITALIZATION-AND-LIAB> 1,584,315
<GROSS-OPERATING-REVENUE> 689,711
<INCOME-TAX-EXPENSE> 32,056
<OTHER-OPERATING-EXPENSES> 563,792
<TOTAL-OPERATING-EXPENSES> 595,848
<OPERATING-INCOME-LOSS> 93,863
<OTHER-INCOME-NET> 9,832
<INCOME-BEFORE-INTEREST-EXPEN> 103,695
<TOTAL-INTEREST-EXPENSE> 40,774
<NET-INCOME> 62,921
8,198
<EARNINGS-AVAILABLE-FOR-COMM> 54,723
<COMMON-STOCK-DIVIDENDS> 45,008
<TOTAL-INTEREST-ON-BONDS> 29,105
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000079731
<NAME> THE POTOMAC EDISON COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PRO-FORMA
<TOTAL-NET-UTILITY-PLANT> 1,310,809
<OTHER-PROPERTY-AND-INVEST> 61,177
<TOTAL-CURRENT-ASSETS> 273,539
<TOTAL-DEFERRED-CHARGES> 127,771
<OTHER-ASSETS> 996
<TOTAL-ASSETS> 1,774,292
<COMMON> 447,700
<CAPITAL-SURPLUS-PAID-IN> 2,756
<RETAINED-EARNINGS> 211,476
<TOTAL-COMMON-STOCKHOLDERS-EQ> 661,932
0
16,378
<LONG-TERM-DEBT-NET> 628,851
<SHORT-TERM-NOTES> 14,750
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 100,250
<LONG-TERM-DEBT-CURRENT-PORT> 18,700
45,457
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 287,974
<TOT-CAPITALIZATION-AND-LIAB> 1,774,292
<GROSS-OPERATING-REVENUE> 764,425
<INCOME-TAX-EXPENSE> 27,452
<OTHER-OPERATING-EXPENSES> 624,816
<TOTAL-OPERATING-EXPENSES> 652,268
<OPERATING-INCOME-LOSS> 112,157
<OTHER-INCOME-NET> 15,116
<INCOME-BEFORE-INTEREST-EXPEN> 127,273
<TOTAL-INTEREST-EXPENSE> 53,301
<NET-INCOME> 73,972
4,243
<EARNINGS-AVAILABLE-FOR-COMM> 69,729
<COMMON-STOCK-DIVIDENDS> 59,992
<TOTAL-INTEREST-ON-BONDS> 42,290
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000105839
<NAME> WEST PENN POWER COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PRO-FORMA
<TOTAL-NET-UTILITY-PLANT> 2,015,332
<OTHER-PROPERTY-AND-INVEST> 98,321
<TOTAL-CURRENT-ASSETS> 451,638
<TOTAL-DEFERRED-CHARGES> 396,189
<OTHER-ASSETS> 1,287
<TOTAL-ASSETS> 2,962,767
<COMMON> 465,994
<CAPITAL-SURPLUS-PAID-IN> 55,687
<RETAINED-EARNINGS> 445,322
<TOTAL-COMMON-STOCKHOLDERS-EQ> 967,003
0
79,708
<LONG-TERM-DEBT-NET> 906,583
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 170,000
<LONG-TERM-DEBT-CURRENT-PORT> 27,000
70,000
<CAPITAL-LEASE-OBLIGATIONS> 2,130
<LEASES-CURRENT> 906
<OTHER-ITEMS-CAPITAL-AND-LIAB> 739,437
<TOT-CAPITALIZATION-AND-LIAB> 2,962,767
<GROSS-OPERATING-REVENUE> 1,151,126
<INCOME-TAX-EXPENSE> 53,431
<OTHER-OPERATING-EXPENSES> 939,524
<TOTAL-OPERATING-EXPENSES> 992,955
<OPERATING-INCOME-LOSS> 158,171
<OTHER-INCOME-NET> 13,551
<INCOME-BEFORE-INTEREST-EXPEN> 171,722
<TOTAL-INTEREST-EXPENSE> 67,124
<NET-INCOME> 104,598
8,837
<EARNINGS-AVAILABLE-FOR-COMM> 95,761
<COMMON-STOCK-DIVIDENDS> 86,206
<TOTAL-INTEREST-ON-BONDS> 47,992
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>All common stock is owned by parent, no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000774459
<NAME> ALLEGHENY GENERATING COMPANY
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<EXCHANGE-RATE> 1
<BOOK-VALUE> PRO-FORMA
<TOTAL-NET-UTILITY-PLANT> 686,494
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 73,288
<TOTAL-DEFERRED-CHARGES> 15,089
<OTHER-ASSETS> 0
<TOTAL-ASSETS> 774,871
<COMMON> 1
<CAPITAL-SURPLUS-PAID-IN> 209,999
<RETAINED-EARNINGS> 8,491
<TOTAL-COMMON-STOCKHOLDERS-EQ> 218,491
0
0
<LONG-TERM-DEBT-NET> 326,001
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 3,375
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 227,004
<TOT-CAPITALIZATION-AND-LIAB> 774,871
<GROSS-OPERATING-REVENUE> 90,879
<INCOME-TAX-EXPENSE> 13,828
<OTHER-OPERATING-EXPENSES> 28,514
<TOTAL-OPERATING-EXPENSES> 42,342
<OPERATING-INCOME-LOSS> 48,537
<OTHER-INCOME-NET> 12
<INCOME-BEFORE-INTEREST-EXPEN> 48,549
<TOTAL-INTEREST-EXPENSE> 20,350
<NET-INCOME> 28,199
0
<EARNINGS-AVAILABLE-FOR-COMM> 28,199
<COMMON-STOCK-DIVIDENDS> 35,649
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 0<F1>
<EPS-PRIMARY> 0<F2>
<EPS-DILUTED> 0<F2>
<FN>
<F1>Not calculated for Form U-1 purposes.
<F2>all common stock is owned by operating companies, no EPS required.
</FN>
</TABLE>
CONTENTS
Statement
No.
Balance sheets at June 30, 1995, and pro forma giving
effect as at that date to the adjustments set forth herein:
Monongahela Power Company 1-A(i)
The Potomac Edison Company 2-A(i)
West Penn Power Company and Subsidiaries 3-A(i)
Allegheny Power System, Inc. (alone) and Allegheny Power
System, Inc. and Subsidiaries 4-A(i)
Allegheny Generating Company 5-A(i)
Statements of income and retained earnings for twelve months
ended June 30, 1995, and pro forma giving effect
as at beginning of period to the adjustments set forth herein:
Monongahela Power Company 1-B(i)
The Potomac Edison Company 2-B(i)
West Penn Power Company and Subsidiaries 3-B(i)
Allegheny Power System, Inc. (alone) and Allegheny Power
System, Inc. and Subsidiaries 4-B(i)
Allegheny Generating Company 5-B(i)
These financial statements have been prepared for Form U-1
purposes and are unaudited.
Reference is made to the Notes to Financial Statements in the
Allegheny Power System companies combined Annual Report on
Form 10-K for the year ended December 31, 1994, and to the Form 10-Q's
for the quarters ended March 31, 1995 and June 30, 1995.
The income statements do not reflect any additional income from
investments which may be made with the proceeds from the
transactions set forth in this application-declaration.
<PAGE>
<TABLE>
<CAPTION>
Statement 1-A(i)
MONONGAHELA POWER COMPANY
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Assets
Property, plant, and equipment:
<S> <C> <C> <C>
At original cost 1,794,775 1,794,775
Accumulated depreciation (725,105) (725,105)
Investments
Allegheny Generating Company -
common stock at equity 58,993 58,993
Other 464 464
Current assets:
Cash 120 100,000 100,120
Accounts receivable:
Electric service 60,105 60,105
Affiliated and other 9,839 9,839
Allowance for uncollectible accounts (1,621) (1,621)
Notes receivable from affiliates 4,100 4,100
Materials and supplies--at average cost:
Operating and construction 24,780 24,780
Fuel 23,738 23,738
Prepaid tax 10,375 10,375
Other 8,886 8,886
Deferred charges:
Regulatory assets 187,956 187,956
Unamortized loss on reacquired debt 16,403 16,403
Other 10,507 10,507
Total Assets 1,484,315 100,000 1,584,315
*Issuance and sale from time to time and renewal from time to time of
short-term debt to mature not more than 270 days after the date of
issuance or renewal thereof.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 1-A(i)
(continued)
MONONGAHELA POWER COMPANY
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Capitalization and Liabilities
Capitalization:
Common stock:
Common stock - par value $50 per share,
authorized 8,000,000 shares, outstanding
5,891,000 shares (no change
<S> <C> <C> <C>
since 7-1-94) 294,550 294,550
Other paid-in capital (decrease of $112,000
since 7-1-94) 2,517 2,517
Retained earnings 202,556 202,556
Preferred stock:
Cumulative preferred stock - par value
$100 per share, authorized 1,500,000
shares, outstanding 1,140,000 shares:
Not subject to mandatory redemption 74,000 74,000
Long-term debt 489,823 489,823
Current liabilities:
Short-term debt 0 100,000 100,000
Long-term debt and preferred stock
due within one year 58,500 58,500
Accounts payable 20,479 20,479
Accounts payable to affiliates 5,816 5,816
Taxes accrued:
Federal and state income 9,729 9,729
Other 12,666 12,666
Deferred power costs 7,247 7,247
Interest accrued 9,261 9,261
Other 19,730 19,730
Deferred credits and other liabilities:
Unamortized investment credit 23,662 23,662
Deferred income taxes 222,913 222,913
Regulatory liabilities 19,830 19,830
Other 11,036 11,036
Total Capitalization and Liabilities 1,484,315 100,000 1,584,315
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 2-A(i)
THE POTOMAC EDISON COMPANY
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Assets
Property, plant, and equipment:
<S> <C> <C> <C>
At original cost 2,013,953 2,013,953
Accumulated depreciation (703,144) (703,144)
Investments and other assets:
Allegheny Generating Company -
common stock at equity 61,177 61,177
Other 996 996
Current assets:
Cash 41,693 100,250 141,943
Accounts receivable:
Electric service 66,720 66,720
Affiliated and other 2,745 2,745
Allowance for uncollectible accounts (1,545) (1,545)
Materials and supplies--at average cost:
Operating and construction 30,165 30,165
Fuel 23,826 23,826
Prepaid taxes 6,779 6,779
Other 2,906 2,906
Deferred charges:
Regulatory assets 95,083 95,083
Unamortized loss on reacquired debt 19,192 19,192
Other 13,496 13,496
Total Assets 1,674,042 100,250 1,774,292
*Issuance and sale from time to time and renewal from time to time of
short-term debt to mature not more than 270 days after the date of
issuance or renewal thereof.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 2-A(i)
(continued)
THE POTOMAC EDISON COMPANY
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Capitalization and Liabilities
Capitalization:
Common stock:
Common stock - no par value, authorized
23,000,000 shares, outstanding
22,385,000 shares (no change
<S> <C> <C> <C>
since 7-1-94) 447,700 447,700
Other paid-in capital (increase of $42,000
since 7-1-94) 2,756 2,756
Retained earnings 211,476 211,476
Preferred stock:
Cumulative preferred stock - par value
$100 per share, authorized 5,388,046
shares, outstanding 618,349 shares:
Not subject to mandatory redemption 16,378 16,378
Long-term debt 628,851 628,851
Current liabilities:
Short-term debt 14,750 100,250 115,000
Long-term debt and preferred stock
due within one year 64,157 64,157
Accounts payable 20,342 20,342
Accounts payable to affiliates 11,547 11,547
Taxes accrued:
Federal and state income 2,045 2,045
Other 9,359 9,359
Interest accrued 10,079 10,079
Customer deposits 6,449 6,449
Other 14,368 14,368
Deferred credits and other liabilities:
Unamortized investment credit 26,928 26,928
Deferred income taxes 155,100 155,100
Regulatory liabilities 17,074 17,074
Other 14,683 14,683
Total Capitalization and Liabilities 1,674,042 100,250 1,774,292
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 3-A(i)
WEST PENN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Assets
Property, plant, and equipment:
<S> <C> <C> <C>
At original cost 3,053,150 3,053,150
Accumulated depreciation (1,037,818) (1,037,818)
Investments and other assets:
Allegheny Generating Company -
common stock at equity 98,321 98,321
Other 1,287 1,287
Current assets:
Cash and temporary cash investments 304 170,000 170,304
Accounts receivable:
Electric service 130,519 130,519
Affiliated and other 10,508 10,508
Allowance for uncollectible accounts (8,383) (8,383)
Notes receivable from affiliates 23,800 23,800
Materials and supplies--at average cost:
Operating and construction 40,619 40,619
Fuel 39,615 39,615
Deferred income taxes 12,172 12,172
Prepaid taxes 27,619 27,619
Other 4,865 4,865
Deferred charges:
Regulatory assets 364,036 364,036
Unamortized loss on reacquired debt 12,888 12,888
Other 19,265 19,265
Total Assets 2,792,767 170,000 2,962,767
*Issuance and sale from time to time and renewal from time to time of
short-term debt to mature not more than 270 days after the date of
issuance or renewal thereof.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 3-A(i)
(continued)
WEST PENN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Capitalization and Liabilities
Capitalization:
Common stock:
Common stock - no par value, authorized
28,902,923 shares, outstanding
24,361,586 shares (issued 2,000,000
<S> <C> <C> <C>
shares since 7-1-94) 465,994 465,994
Other paid-in capital (no change
since 7-1-94) 55,687 55,687
Retained earnings 445,322 445,322
Preferred stock:
Cumulative preferred stock - par value
$100 per share, authorized 3,097,077
shares, outstanding 1,497,077 shares:
Not subject to mandatory redemption 79,708 79,708
Long-term debt 906,583 906,583
Current liabilities:
Short-term debt 0 170,000 170,000
Long-term debt and preferred stock
due within one year 97,000 97,000
Accounts payable 75,156 75,156
Accounts payable to affiliates 7,938 7,938
Taxes accrued:
Federal and state income 10,947 10,947
Other 9,897 9,897
Interest accrued 16,407 16,407
Other 25,961 25,961
Deferred credits and other liabilities:
Unamortized investment credit 51,656 51,656
Deferred income taxes 479,190 479,190
Regulatory liabilities 37,442 37,442
Other 27,879 27,879
Total Capitalization and Liabilities 2,792,767 170,000 2,962,767
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 4-A(i)
ALLEGHENY POWER SYSTEM, INC.
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Assets
Investments:
Subsidiaries consolidated:
<S> <C> <C> <C>
Common stocks, at equity 2,128,800 2,128,800
Excess of cost over book equity at
acquisition 15,077 15,077
Ohio Valley Electric Corporation -
common stock, at cost which
approximates equity 1,250 1,250
Other 36,755 36,755
Current assets:
Cash 56 89,937 89,993
Notes receivable due within one year 1,793 1,793
Accounts receivable - affiliates 5 5
Other 44 44
Deferred Charges 8 8
Total Assets 2,183,788 89,937 2,273,725
Capitalization and Liabilities
Capitalization:
Common stock - $1.25 par value per share
authorized 260,000,000 shares, outstanding
120,046,969 shares 150,059 150,059
Other paid-in capital 979,735 979,735
Retained earnings 967,764 967,764
Current liabilities:
Short-term debt 75,063 89,937 165,000
Accounts payable 10,094 10,094
Interest accrued 696 696
Other 88 88
Deferred credit 289 289
Total Capitalization and Liabilities 2,183,788 89,937 2,273,725
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLEGHENY POWER SYSTEM, INC. AND SUBSIDIARIES Statement 4-A(i)
CONSOLIDATED BALANCE SHEET - JUNE 30, 1995 (continued)
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT
THAT DATE TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Assets Per Books Adjustments* Pro Forma
Property, plant, and equipment:
<S> <C> <C> <C>
At original cost 7,706,841 7,706,841
Accumulated depreciation (2,619,242) (2,619,242)
5,087,599 5,087,599
Investments and other assets:
Subsidiaries consolidated--excess of cost
over book equity at acquisition 15,077 15,077
Securities of associated company--at cost,
which approximates equity 1,250 1,250
Nonutility investments 197 197
Other 37,461 37,461
53,985 53,985
Current assets:
Cash and temporary cash investments 42,349 525,292 567,641
Accounts receivable:
Electric service 257,343 257,343
Other 8,989 8,989
Allowance for uncollectible accounts (11,548) (11,548)
Materials and supplies--at average cost:
Operating and construction 97,462 97,462
Fuel 87,179 87,179
Prepaid taxes 45,168 45,168
Other 26,461 26,461
553,403 525,292 1,078,695
Deferred charges:
Regulatory assets 651,525 651,525
Unamortized loss on reacquired debt 58,760 58,760
Other 43,743 43,743
754,028 754,028
Total Assets 6,449,015 525,292 6,974,307
Capitalization and Liabilities
Capitalization:
Common stock 150,059 150,059
Other paid-in capital 979,735 979,735
Retained earnings 967,764 967,764
2,097,558 2,097,558
Preferred stock:
Not subject to mandatory redemption 170,086 170,086
Long-term debt of subsidiaries 2,258,250 65,105 2,323,355
4,525,894 65,105 4,590,999
Current liabilities:
Short-term debt 89,813 460,187 550,000
Long-term debt and preferred stock
due within one year 223,032 223,032
Accounts payable 127,075 127,075
Taxes accrued:
Federal and state income 22,672 22,672
Other 32,518 32,518
Interest accrued 41,334 41,334
Other 77,872 77,872
614,316 460,187 1,074,503
Deferred credits and other liabilities:
Unamortized investment credit 153,883 153,883
Deferred income taxes 997,132 997,132
Regulatory liabilities 102,610 102,610
Other 55,180 55,180
1,308,805 1,308,805
Total Capitalization and Liabilities 6,449,015 525,292 6,974,307
*Issuance and sale by Allegheny Power System, Inc. and Subsidiaries from
time to time and renewal from time to time of short-term debt to mature
not more than 270 days after the date of issuance or renewal thereof.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 5-A(i)
ALLEGHENY GENERATING COMPANY
BALANCE SHEET - JUNE 30, 1995 PER BOOKS
AND PRO FORMA GIVING EFFECT AS AT THAT DATE
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
Assets
Property, plant, and equipment:
<S> <C> <C> <C>
At original cost 838,891 838,891
Accumulated depreciation (152,397) (152,397)
Current assets:
Cash 100 65,105 65,205
Accounts receivable 5,986 5,986
Materials and supplies--at average cost 1,897 1,897
Other 200 200
Deferred charges:
Regulatory assets 4,450 4,450
Unamortized loss on reacquired debt 10,276 10,276
Other 363 363
Total Assets 709,766 65,105 774,871
Capitalization and Liabilities
Capitalization:
Common stock - $1.00 par value per share
authorized 5,000 shares, outstanding 1,000
shares (no change since 7-1-94) 1 1
Other paid-in capital (no change since
7-1-94) 209,999 209,999
Retained earnings 8,491 8,491
Long-term debt:
Debentures, net 148,501 148,501
Commercial paper 9,895 65,105 75,000
Medium-term notes 74,600 74,600
Notes payable to affiliates 27,900 27,900
Current liabilities:
Long-term debt due within one year 3,375 3,375
Accounts payable 14 14
Interest accrued 4,890 4,890
Other 761 761
Deferred credits:
Unamortized investment credit 51,636 51,636
Deferred income taxes 141,439 141,439
Regulatory liabilities 28,264 28,264
Total Capitalization and Liabilities 709,766 65,105 774,871
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 1-B(i)
MONONGAHELA POWER COMPANY
STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Form
<S> <C> <C> <C>
ELECTRIC OPERATING REVENUES 689,711 689,711
OPERATING EXPENSES:
Operation:
Fuel 136,155 136,155
Purchased power and exchanges, net 168,496 168,496
Deferred power costs, net 13,422 13,422
Other 78,166 78,166
Maintenance 71,591 71,591
Depreciation 57,921 57,921
Taxes other than income taxes 38,041 38,041
Federal and state income taxes 33,107 (1,051) 32,056
Total Operating Expenses 596,899 (1,051) 595,848
Operating Income 92,812 1,051 93,863
OTHER INCOME AND DEDUCTIONS:
Allowance for other than borrowed funds
used during construction 644 644
Other income, net 9,188 9,188
Total Other Income and Deductions 9,832 9,832
Income Before Interest Charges 102,644 1,051 103,695
INTEREST CHARGES:
Interest on first mortgage bonds 29,105 29,105
Interest on other long-term obligations 7,099 7,099
Other interest 2,859 2,621 5,480
Allowance for borrowed funds used during
construction (910) (910)
Total Interest Charges 38,153 2,621 40,774
Net Income 64,491 (1,570) 62,921
*Estimated interest requirements on the proposed issuance of short-term
debt at an assumed rate of 5.30% for 270 days 3,975
Interest on short-term debt provided for the twelve months ended
June 30, 1995 (1,354)
Increase in interest on short-term debt 2,621
Decrease in federal and state income taxes 1,051
Decrease in Net Income 1,570
</TABLE>
<PAGE>
Statement 1-B(i)
(continued)
MONONGAHELA POWER COMPANY
STATEMENT OF RETAINED EARNINGS
FOR TWELVE MONTHS ENDED JUNE 30, 1995
(Thousands)
Balance at July 1, 1994 191,271
Add:
Net income 64,491
255,762
Deduct:
Dividends on capital stock:
Preferred stock 8,198
Common stock 45,008
Total deductions 53,206
Balance at June 30, 1995 202,556
<PAGE>
<TABLE>
<CAPTION>
Statement 2-B(i)
THE POTOMAC EDISON COMPANY
STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
<S> <C> <C> <C>
ELECTRIC OPERATING REVENUES 764,425 764,425
OPERATING EXPENSES:
Operation:
Fuel 137,169 137,169
Purchased power and exchanges, net 216,668 216,668
Deferred power costs, net 12,176 12,176
Other 89,808 89,808
Maintenance 57,656 57,656
Depreciation 64,603 64,603
Taxes other than income taxes 46,736 46,736
Federal and state income taxes 29,132 (1,680) 27,452
Total Operating Expenses 653,948 (1,680) 652,268
Operating Income 110,477 1,680 112,157
OTHER INCOME AND DEDUCTIONS:
Allowance for other than borrowed funds
used during construction 2,923 2,923
Other income, net 12,193 12,193
Total Other Income and Deductions 15,116 15,116
Income Before Interest Charges 125,593 1,680 127,273
INTEREST CHARGES:
Interest on first mortgage bonds 42,290 42,290
Interest on other long-term obligations 6,407 6,407
Other interest 1,823 4,552 6,375
Allowance for borrowed funds used during
construction (1,771) (1,771)
Total Interest Charges 48,749 4,552 53,301
Net Income 76,844 (2,872) 73,972
*Estimated interest requirements on the proposed issuance of short-term
debt at an assumed rate of 5.30% for 270 days 4,571
Interest on short-term debt provided for the twelve months ended
June 30, 1995 (19)
Increase in interest on short-term debt 4,552
Decrease in federal and state income taxes 1,680
Decrease in Net Income 2,872
</TABLE>
<PAGE>
Statement 2-B(i)
(continued)
THE POTOMAC EDISON COMPANY
STATEMENT OF RETAINED EARNINGS
FOR TWELVE MONTHS ENDED JUNE 30, 1995
(Thousands)
Balance at July 1, 1994 198,867
Add:
Net income 76,844
275,711
Deduct:
Dividends on capital stock:
Preferred stock 4,243
Common stock 59,992
Total deductions 64,235
Balance at June 30, 1995 211,476
<PAGE>
<TABLE>
<CAPTION>
Statement 3-B(i)
WEST PENN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
<S> <C> <C> <C>
ELECTRIC OPERATING REVENUES 1,151,126 1,151,126
OPERATING EXPENSES:
Operation:
Fuel 234,391 234,391
Purchased power and exchanges, net 251,962 251,962
Deferred power costs, net 12,457 12,457
Other 143,184 143,184
Maintenance 107,574 107,574
Depreciation 102,335 102,335
Taxes other than income taxes 87,621 87,621
Federal and state income taxes 56,052 (2,621) 53,431
Total Operating Expenses 995,576 (2,621) 992,955
Operating Income 155,550 2,621 158,171
OTHER INCOME AND DEDUCTIONS:
Allowance for other than borrowed funds
used during construction 5,250 5,250
Asset write-off, net (5,179) (5,179)
Other income, net 13,480 13,480
Total Other Income and Deductions 13,551 13,551
Income Before Interest Charges 169,101 2,621 171,722
INTEREST CHARGES:
Interest on first mortgage bonds 47,992 47,992
Interest on other long-term obligations 13,715 13,715
Other interest 2,600 6,392 8,992
Allowance for borrowed funds used during
construction (3,575) (3,575)
Total Interest Charges 60,732 6,392 67,124
Consolidated Net Income 108,369 (3,771) 104,598
*Estimated interest requirements on the proposed issuance of short-term
debt at an assumed rate of 5.30% for 270 days 6,758
Interest on short-term debt provided for the twelve months ended
June 30, 1995 (366)
Increase in interest on short-term debt 6,392
Decrease in federal and state income taxes 2,621
Decrease in Net Income 3,771
</TABLE>
<PAGE>
Statement 3-B(i)
(continued)
WEST PENN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
FOR TWELVE MONTHS ENDED JUNE 30, 1995
(Thousands)
Balance at July 1, 1994 431,996
Add:
Consolidated net income 108,369
540,365
Deduct:
Dividends on capital stock:
Preferred stock 8,837
Common stock 86,206
Total deductions 95,043
Balance at June 30, 1995 445,322
<PAGE>
<TABLE>
<CAPTION>
Statement 4-B(i)
ALLEGHENY POWER SYSTEM, INC.
STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
INCOME:
<S> <C> <C> <C>
Dividends on common stocks of subsidiaries 191,204 191,204
Equity in undistributed earnings of
subsidiaries 36,931 565 37,496
Interest from subsidiary companies 105 105
Income from Ohio Valley Electric
Corporation investment 205 205
Interest on temporary cash investments 1 1
Total 228,446 565 229,011
EXPENSES, TAXES AND INCOME DEDUCTIONS:
Administrative and fiscal expenses and
other charges 142 142
Interest on short-term debt 4,945 1,615 6,560
Other interest expense 18 18
Total 5,105 1,615 6,720
NET INCOME 223,341 (1,050) 222,291
*Estimated interest requirements on the proposed issuance of short-term
debt at an assumed rate of 5.30% for 270 days 6,559
Interest on short-term debt provided for the twelve months ended
June 30, 1995 (4,944)
Increase in interest on short-term debt 1,615
Decrease in federal and state income taxes 565
Decrease in Net Income 1,050
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement 4-B(i)
ALLEGHENY POWER SYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
<S> <C> <C> <C>
ELECTRIC OPERATING REVENUES 2,496,247 2,496,247
OPERATING EXPENSES:
Operation:
Fuel 507,717 507,717
Purchased power and exchanges, net 459,842 459,842
Deferred power costs, net 38,056 38,056
Other 289,711 289,711
Maintenance 238,867 238,867
Depreciation 241,846 241,846
Taxes other than income taxes 181,252 181,252
Federal and state income taxes 133,799 (6,630) 127,169
Total Operating Expenses 2,091,090 (6,630) 2,084,460
Operating Income 405,157 6,630 411,787
OTHER INCOME AND DEDUCTIONS:
Allowance for other than borrowed funds
used during construction 8,816 8,816
Asset write-off, net (5,338) (5,338)
Other income, net 4,618 4,618
Total Other Income and Deductions 8,096 8,096
Income Before Interest Charges and
Preferred Dividends 413,253 6,630 419,883
INTEREST CHARGES AND PREFERRED DIVIDENDS:
Interest on first mortgage bonds 119,386 119,386
Interest on other long-term obligations 42,856 2,037 44,893
Other interest 12,648 15,180 27,828
Allowance for borrowed funds used during
construction (6,256) (6,256)
Dividends on preferred stock of subsidiaries 21,278 21,278
Total Interest Charges and
Preferred Dividends 189,912 17,217 207,129
Consolidated Net Income 223,341 (10,587) 212,754
*Estimated interest requirements on the proposed issuance of
short-term debt by Allegheny Power System, Inc. and
Subsidiaries at an assumed rate of 5.30%. The proposed
issuance is comprised of $100,000,000 for Monongahela Power
Company (MP), $115,000,000 for The Potomac Edison Company
(PE), $170,000,000 for West Penn Power Company (WPP),
$165,000,000 for Allegheny Power System, Inc. (APS), and
$75,000,000 for Allegheny Generating Company (AGC). 25,838
Interest on short-term debt of MP, PE, WPP, APS, and AGC
provided for the 12 months ended June 30, 1995 (8,621)
Increase in interest on commercial paper 17,217
Decrease in federal and state income taxes 6,630
Decrease in Consolidated Net Income 10,587
</TABLE>
<PAGE>
Statement 4-B(i)
(continued)
ALLEGHENY POWER SYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
FOR TWELVE MONTHS ENDED JUNE 30, 1995
(Thousands)
Balance at July 1, 1994 939,713
Add:
Consolidated net income 223,341
1,163,054
Deduct:
Dividends on common stock of Allegheny
Power System, Inc. (cash) 195,290
Balance at June 30, 1995 967,764
<PAGE>
<TABLE>
<CAPTION>
Statement 5-B(i)
ALLEGHENY GENERATING COMPANY
STATEMENT OF INCOME FOR TWELVE MONTHS ENDED JUNE 30, 1995
PER BOOKS AND PRO FORMA GIVING EFFECT AS AT BEGINNING OF PERIOD
TO THE ADJUSTMENTS SET FORTH HEREIN
(Thousands)
Per Books Adjustments* Pro Forma
<S> <C> <C> <C>
ELECTRIC OPERATING REVENUES 90,879 90,879
OPERATING EXPENSES:
Operation 4,741 4,741
Maintenance 2,044 2,044
Depreciation 16,828 16,828
Taxes other than income taxes 4,901 4,901
Federal income taxes 14,541 (713) 13,828
Total Operating Expenses 43,055 (713) 42,342
Operating Income 47,824 713 48,537
OTHER INCOME AND DEDUCTIONS 12 12
Income Before Interest Charges 47,836 713 48,549
INTEREST CHARGES:
Interest on long-term debt 16,822 2,037 18,859
Other interest 1,491 1,491
Total Interest Charges 18,313 2,037 20,350
Net Income 29,523 (1,324) 28,199
*Estimated annual interest requirements on $75,000,000 of
commercial paper borrowings at an assumed rate of 5.30% 3,975
Interest on commercial paper/money pool provided for the twelve months
ended June 30, 1995 (1,938)
Increase in interest on commercial paper 2,037
Decrease in federal income tax at 35% 713
Decrease in Net Income 1,324
</TABLE>
<PAGE>
Statement 5-B(i)
(continued)
ALLEGHENY GENERATING COMPANY
STATEMENT OF RETAINED EARNINGS
FOR TWELVE MONTHS ENDED JUNE 30, 1995
(Thousands)
Balance at July 1, 1994 14,617
Add:
Net income 29,523
44,140
Deduct:
Dividends on common stock 35,649
Balance at June 30, 1995 8,491
