<PAGE>
File No. 70-7888
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
POST-EFFECTIVE AMENDMENT NO. 13
TO
FORM U-1
APPLICATION OR DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Allegheny Power System, Inc. Monongahela Power Company
10435 Downsville Pike 1310 Fairmont Avenue
Hagerstown, MD 21740 Fairmont, WV 26554
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
10435 Downsville Pike 800 Cabin Hill Drive
Hagerstown, MD 21740 Greensburg, PA 15601
(Name of company or companies filing this statement
and addresses of principal executive offices)
Allegheny Power System, Inc.
10435 Downsville Pike
Hagerstown, MD 21740
(Name of top registered holding company parent of
each applicant or declarant)
Thomas K. Henderson, Esquire
Vice President
Allegheny Power System, Inc.
10435 Downsville Pike
Hagerstown, MD 21740
(Name and address of agent for service)
<PAGE>
Applicants hereby amend their Application or Declaration on
Form U-1 as follows:
1. Applicants hereby delete the text under Item 4. Regulatory
Approval and replace it with the following:
The Public Service Commission of West Virginia has
jurisdiction under the West Virginia Affiliate Act Statute over
various aspects of the transaction involving Monongahela, an Ohio
corporation. The State Corporation Commission of Virginia and
the Public Service Commission of West Virginia have jurisdiction
under their Affiliate Act Statutes over various aspects of the
proposed transaction involving Potomac Edison, a Maryland and
Virginia corporation. The Public Utility Commission of
Pennsylvania has jurisdiction under the Pennsylvania Affiliate
Act Statute over certain aspects of the transaction involving
West Penn, a Pennsylvania corporation.
2. Applicants are filing herewith the following exhibits:
(a) Exhibits
G-2 Allegheny Short-Term Debt Projections.
G-3 Allegheny Generating Company Short-Term Debt
Projections.
G-4 Monongahela Short-Term Debt Projections.
G-5 Potomac Edison Short-Term Debt Projections.
G-6 West Penn Short-Term Debt Projections.
<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.
BY /s/ Carol G. Russ
CAROL G. RUSS
COUNSEL
ALLEGHENY POWER SERVICE CORPORATION
BY /s/ Carol G. Russ
CAROL G. RUSS
COUNSEL
ALLEGHENY GENERATING COMPANY
BY /s/ Carol G. Russ
CAROL G. RUSS
COUNSEL
<PAGE>
MONONGAHELA POWER COMPANY
BY /s/ Carol G. Russ
CAROL G. RUSS
COUNSEL
THE POTOMAC EDISON COMPANY
BY /s/ Carol G. Russ
CAROL G. RUSS
COUNSEL
WEST PENN POWER COMPANY
BY /s Carol G. Russ
CAROL G. RUSS
COUNSEL
Dated: September 26, 1997
<PAGE>
ASSUMPTIONS FOR ALLEGHENY POWER SYSTEM, INC.
- - market purchase of stock for DRISP and ESOP per quarter
instead of new issue.
- - $18 million in executive benefits funding yearly.
- - subsidiaries will pay interest and miscellaneous expenses
- - The above does not reflect contributions that APS, Inc. may
make to any of its non-regulated subsidiaries.
- - APS, Inc. receives funds from Monongahela Power, Potomac
Edison and West Penn Power to cover the APS, Inc. dividend. The
funds are not reflected on the forecast because it is an even
receipt and disbursement.
<TABLE>
<CAPTION>
ALLEGHENY POWER SYSTEM, INC.
CASH REQUIREMENTS
($ in millions)
1998
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loan to Subsidiary 0.10 0.10 1.50 0.10 0.10 1.50 0.10 0.10 1.50 0.10 0.10 1.50
Investment in Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses (Incl. Interest) 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
Executive Funding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00
Total Requirements 0.80 0.80 2.20 0.80 0.80 2.20 0.80 0.80 2.20 0.80 0.80 20.20
SOURCES OF CASH:
Proceeds from sale of
Common Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Interest & Misc.
Expense from Subsidiary 0.00 0.00 2.00 0.00 0.00 2.00 0.00 0.00 2.00 0.00 0.00 2.00
Internally Generated
Funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Cash 0.00 0.00 2.00 0.00 0.00 2.00 0.00 0.00 2.00 0.00 0.00 2.00
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 109.25110.05110.85111.05111.85112.65112.85113.65114.45114.65115.45116.25
Additional STD Required 0.80 0.80 0.20 0.80 0.80 0.20 0.80 0.80 0.20 0.80 0.80 18.20
Balance, End of Period 110.05110.85111.05111.85112.65112.85113.65114.45114.65115.45116.25134.45
</TABLE>
<TABLE>
<CAPTION>
1999
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loan to Subsidiary 0.10 0.10 1.50 0.10 0.10 1.55 0.10 0.10 1.50 0.10 0.10 1.55
Investment in Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses (Incl. Interest) 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
Executive Funding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00
Total Requirements 0.80 0.80 2.20 0.80 0.80 2.25 0.80 0.80 2.20 0.80 0.80 20.25
SOURCES OF CASH:
Proceeds from sale of
Common Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Interest & Misc.
Expense from Subsidiary 0.00 0.00 2.30 0.00 0.00 2.30 0.00 0.00 2.30 0.00 0.00 2.30
Internally Generated
Funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Cash 0.00 0.00 2.30 0.00 0.00 2.30 0.00 0.00 2.30 0.00 0.00 2.30
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 134.45135.25136.05135.95136.75137.55137.50138.30139.10139.00139.80140.60
Additional STD Required 0.80 0.80 -0.10 0.80 0.80 -0.05 0.80 0.80 -0.10 0.80 0.80 17.95
Balance, End of Period 135.25136.05135.95136.75137.55137.50138.30139.10139.00139.80140.60158.55
</TABLE>
<TABLE>
<CAPTION>
ALLEGHENY POWER SYSTEM, INC.
CASH REQUIREMENTS
($ in millions)
2000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loan to Subsidiary 0.10 0.10 1.50 0.10 0.10 1.50 0.10 0.10 1.50 0.10 0.10 1.50
Investment in Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses (Incl. Interest) 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
Executive Funding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00
Total Requirements 0.80 0.80 2.20 0.80 0.80 2.20 0.80 0.80 2.20 0.80 0.80 20.20
SOURCES OF CASH:
Proceeds from sale of
Common Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Interest & Misc.
Expense from Subsidiary 0.00 0.00 2.70 0.00 0.00 2.70 0.00 0.00 2.70 0.00 0.00 2.70
Internally Generated
Funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Cash 0.00 0.00 2.70 0.00 0.00 2.70 0.00 0.00 2.70 0.00 0.00 2.70
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 158.55159.35160.15159.65160.45161.25160.75161.55162.35161.85162.65 163.45
Additional STD Required 0.80 0.80 -0.50 0.80 0.80 -0.50 0.80 0.80 -0.50 0.80 0.80 17.50
Balance, End of Period 159.35160.15159.65160.45161.25160.75161.55162.35161.85162.65163.45 180.95
</TABLE>
<TABLE>
<CAPTION>
2001
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loan to Subsidiary 0.10 0.10 1.50 0.10 0.10 1.55 0.10 0.10 1.50 0.10 0.10 1.55
Investment in Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses (Incl. Interest) 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
Executive Funding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00
Total Requirements 0.80 0.80 2.20 0.80 0.80 2.25 0.80 0.80 2.20 0.80 0.80 20.25
SOURCES OF CASH:
Proceeds from sale of
Common Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Interest & Misc.
Expense from Subsidiary 0.00 0.00 3.10 0.00 0.00 3.10 0.00 0.00 3.10 0.00 0.00 3.10
Internally Generated
Funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Cash 0.00 0.00 3.10 0.00 0.00 3.10 0.00 0.00 3.10 0.00 0.00 3.10
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 180.95181.75182.55181.65182.45183.25182.40183.20184.00183.10183.90 184.70
Additional STD Required 0.80 0.80 -0.90 0.80 0.80 -0.85 0.80 0.80 -0.90 0.80 0.80 17.15
Balance, End of Period 181.75182.55181.65182.45183.25182.40183.20184.00183.10183.90184.70 201.85
</TABLE>
<TABLE>
<CAPTION>
ALLEGHENY POWER SYSTEM, INC.
CASH REQUIREMENTS
($ in millions)
2002
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loan to Subsidiary 0.10 0.10 1.50 0.10 0.10 1.55 0.10 0.10 1.50 0.10 0.10 1.55
Investment in Subsidiaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses (Incl. Interest) 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70
Executive Funding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00
Total Requirements 0.80 0.80 2.20 0.80 0.80 2.25 0.80 0.80 2.20 0.80 0.80 20.25
SOURCES OF CASH:
Proceeds from sale of
Common Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Interest & Misc.
Expense from Subsidiary 0.00 0.00 3.50 0.00 0.00 3.50 0.00 0.00 3.50 0.00 0.00 3.50
Internally Generated
Funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Sources of Cash 0.00 0.00 3.50 0.00 0.00 3.50 0.00 0.00 3.50 0.00 0.00 3.50
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 201.85202.65203.45202.15202.95 203.75202.50203.30204.10202.80203.60204.40
Additional STD Required 0.80 0.80 -1.30 0.80 0.80 -1.25 0.80 0.80 -1.30 0.80 0.80 16.75
Balance, End of Period 202.65203.45202.15202.95203.75 202.50203.30204.10202.80203.60204.40221.15
</TABLE>
ASSUMPTIONS FOR ALLEGHENY POWER SYSTEM, INC.
- - market purchase of stock for DRISP and ESOP per quarter instead of new issue.
- - $18 million in executive benefits funding yearly.
- - loans to subsidiaries will continue.
- - subsidiaries will pay interest and miscellaneous expenses.
<TABLE>
<CAPTION>
ALLEGHENY GENERATING COMPANY
CASH REQUIREMENTS
($ in millions)
1998
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
& Misc. (net)
Taxes 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
Interest Expense 0.3 0.3 6.9 0.3 0.3 0.3 0.3 0.3 5.5 0.3 0.3 0.3
Dividends
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Stock 0.0 0.0 8.3 0.0 0.0 8.3 0.0 0.0 8.3 0.0 0.0 8.3
Construction 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Construction Contingencies 0.0 0.0 0.0 0.0 0.0 3.5 0.0 0.0 0.0 0.0 0.0 3.5
Repayments:
Medium-Term Notes 0.0 0.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 10.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc. Net & Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Requirements 1.9 1.9 66.8 1.9 1.9 13.7 1.9 1.9 15.4 11.9 1.9 13.7
SOURCES OF CASH:
Revenues & Misc. 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4
Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sale of Securities:
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debentures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Sources of Cash 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4 6.4
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 24.9 20.4 15.9 76.3 71.8 67.3 74.6 70.1 65.6 74.6 80.1 75.6
Additional STD Required -4.5 -4.5 60.4 -4.5 -4.5 7.3 -4.5 -4.5 9.0 5.5 -4.5 7.3
Balance, End of Period 20.4 15.9 76.3 71.8 67.3 74.6 70.1 65.6 74.6 80.1 75.6 82.9
</TABLE>
<TABLE>
<CAPTION>
1999
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
& Misc. (net)
Taxes 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
Interest Expense 0.3 0.3 5.3 0.3 0.3 0.3 0.3 0.3 5.2 0.3 0.3 0.3
Dividends
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Stock 0.0 0.0 8.0 0.0 0.0 8.0 0.0 0.0 8.0 0.0 0.0 8.0
Construction 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Construction Contingencies 0.0 0.0 0.0 0.0 0.0 3.5 0.0 0.0 0.0 0.0 0.0 3.5
Repayments:
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc. Net & Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Requirements 1.9 1.9 14.9 1.9 1.9 13.4 1.9 1.9 14.8 1.9 1.9 13.4
SOURCES OF CASH:
Revenues & Misc. 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2
Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sale of Securities:
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debentures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Sources of Cash 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 82.9 78.6 74.3 83.0 78.7 74.4 81.6 77.3 73.0 81.6 77.3 73.0
Additional STD Required -4.3 -4.3 8.7 -4.3 -4.3 7.2 -4.3 -4.3 8.6 -4.3 -4.3 7.2
Balance, End of Period 78.6 74.3 83.0 78.7 74.4 81.6 77.3 73.0 81.6 77.3 73.0 80.2
</TABLE>
<TABLE>
<CAPTION>
ALLEGHENY GENERATING COMPANY
CASH REQUIREMENTS
($ in millions)
2000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
& Misc. (net)
Taxes 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7
Interest Expense 0.3 0.3 5.2 0.3 0.3 0.3 0.3 0.3 5.2 0.3 0.3 0.3
Dividends
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Stock 0.0 0.0 6.4 0.0 0.0 6.4 0.0 0.0 6.4 0.0 0.0 6.4
Construction 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Construction Contingencies 0.0 0.0 0.0 0.0 0.0 3.5 0.0 0.0 0.0 0.0 0.0 3.5
Repayments:
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc. Net & Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Requirements 2.8 2.8 14.1 2.8 2.8 12.7 2.8 2.8 14.1 2.8 2.8 12.7
SOURCES OF CASH:
Revenues & Misc. 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0
Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sale of Securities:
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debentures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Sources of Cash 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 80.2 77.0 73.8 81.9 78.7 75.5 82.2 79.0 75.8 83.9 80.7 77.5
Additional STD Required -3.2 -3.2 8.1 -3.2 -3.2 6.7 -3.2 -3.2 8.1 -3.2 -3.2 6.7
Balance, End of Period 77.0 73.8 81.9 78.7 75.5 82.2 79.0 75.8 83.9 80.7 77.5 84.2
</TABLE>
<TABLE>
<CAPTION>
2001
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
& Misc. (net)
Taxes 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7
Interest Expense 0.3 0.3 5.3 0.3 0.3 0.3 0.3 0.3 5.2 0.3 0.3 0.3
Dividends
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Stock 0.0 0.0 6.2 0.0 0.0 6.2 0.0 0.0 6.2 0.0 0.0 6.2
Construction 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Construction Contingencies 0.0 0.0 0.0 0.0 0.0 3.5 0.0 0.0 0.0 0.0 0.0 3.5
Repayments:
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc. Net & Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Requirements 2.8 2.8 14.0 2.8 2.8 12.5 2.8 2.8 13.9 2.8 2.8 12.5
SOURCES OF CASH:
Revenues & Misc. 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9
Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sale of Securities:
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debentures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Sources of Cash 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9 5.9
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 84.2 81.1 78.0 86.1 83.0 79.9 86.5 83.4 80.3 88.3 85.2 82.1
Additional STD Required -3.1 -3.1 8.1 -3.1 -3.1 6.6 -3.1 -3.1 8.0 -3.1 -3.1 6.6
Balance, End of Period 81.1 78.0 86.1 83.0 79.9 86.5 83.4 80.3 88.3 85.2 82.1 88.7
</TABLE>
<TABLE>
<CAPTION>
ALLEGHENY GENERATING COMPANY
CASH REQUIREMENTS
($ in millions)
2002
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6
& Misc. (net)
Taxes 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7
Interest Expense 0.3 0.3 5.3 0.3 0.3 0.3 0.3 0.3 5.2 0.3 0.3 0.3
Dividends
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Stock 0.0 0.0 6.0 0.0 0.0 6.0 0.0 0.0 6.0 0.0 0.0 6.0
Construction 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Construction Contingencies 0.0 0.0 0.0 0.0 0.0 3.5 0.0 0.0 0.0 0.0 0.0 3.5
Repayments:
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Misc. Net & Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Requirements 2.8 2.8 13.8 2.8 2.8 12.3 2.8 2.8 13.7 2.8 2.8 12.3
SOURCES OF CASH:
Revenues & Misc. 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7
Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sale of Securities:
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Preferred Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medium-Term Notes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debentures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Sources of Cash 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7
SHORT-TERM DEBT
(INVESTMENT):
Balance, Beg. of Period 88.7 85.8 82.9 91.0 88.1 85.2 91.8 88.9 86.0 94.0 91.1 88.2
Additional STD Required -2.9 -2.9 8.1 -2.9 -2.9 6.6 -2.9 -2.9 8.0 -2.9 -2.9 6.6
Balance, End of Period 85.8 82.9 91.0 88.1 85.2 91.8 88.9 86.0 94.0 91.1 88.2 94.8
</TABLE>
<PAGE>
ALLEGHENY POWER
1998 - 2002 CASH REQUIREMENTS FORECASTS
ASSUMPTIONS
- - Residential, Commercial and Industrial Operating Revenues
taken from the 1997 Budget and 1998 - 2001 Forecasts have been
adjusted to show a 5% decrease in the years 1998 - 2002 for West
Penn due to the Pennsylvania Pilot Program and in the years 1999
- 2002 for Monongahela Power and Potomac Edison due to
competition and deregulation.
- - It is assumed that the $45 million financing scheduled for
Monongahela Power in 1997 will not take place and has been
removed from the forecast.
- - Interest expense includes long-term and short-term interest
costs. Short-term debt and short-term investment rates were
taken from the 1997 Budget and 1998 - 2001 Forecasts. The
interest rate on short-term debt for 1998 - 2002 is estimated at
5.75%. Interest income on investments for 1998 - 2002 is
estimated at 5.65%.
- - Figures for 2002 are based on the percentage increase
(decrease) between 2000 and 2001 in the 1997 Budget and 1998 -
2001 Forecasts, with the exception of construction, which is
based on data provided by Financial Management.
- - Common Stock dividends for 2002 have been assumed to be
identical to the 2001 rate. The common stock numbers were
provided by the CFO.
- - Capital budget numbers for all years were provided by
Financial Management and exclude scrubber expenditures for
Hatfield Power Station. The CT projects for Potomac Edison
involving Springdale Power Station are included in construction
figures as follows: $19 million, $96 million and $79 million in
the years 2000 through 2002, respectively.
- - Construction contingencies of $3.5 million per quarter are
assumed for West Penn.
- - An interest rate of 8.0% was taken from the 1997 Budget and
1998 - 2001 Forecasts for all long-term financing.
<PAGE>
<TABLE>
<CAPTION>
MONONGAHELA POWER COMPANY
CASH REQUIREMENTS
($millions)
1998
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 36.5 34.8 36.2 35.5 34.3 33.9 36.2 35.2 33.0 34.4 33.6 36.0
Taxes: 9.1 7.7 7.9 6.0 6.3 5.8 7.2 7.8 6.3 7.1 7.2 9.2
Interest expense: 2.8 0.6 1.8 2.9 6.7 3.8 2.8 0.7 1.9 2.4 6.7 3.9
Dividends:
Preferred Stock 1.3 1.2 1.3 1.2
Common Stock 3.2 23.1 23.7
Construction 4.1 6.1 7.6 6.0 7.2 8.6 7.5 8.3 8.9 8.8 7.7 7.4
Repayments:
Bonds, Solid Waste Notes 0.5 19.1 0.5
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 52.5 51.0 53.5 69.5 55.7 55.3 53.7 53.3 73.2 52.7 56.9 80.2
SOURCES OF CASH:
Revenues & Misc.: 62.3 56.4 58.8 53.1 52.0 50.3 56.7 57.5 53.2 56.3 54.7 62.6
Div. from Subs.: 2.2 2.2 2.2 2.2
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 62.3 56.4 61.0 53.1 52.0 52.5 56.7 57.5 55.4 56.3 54.7 64.8
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 39.6 29.8 24.4 16.9 33.3 37.0 39.8 36.8 32.5 50.3 46.8 49.0
Additional STD requir -9.8 -5.4 -7.5 16.4 3.7 2.8 -3.0 -4.2 17.8 -3.6 2.2 15.4
Balance, End of Period 29.8 24.4 16.9 33.3 37.0 39.8 36.8 32.5 50.3 46.8 49.0 64.4
</TABLE>
<TABLE>
<CAPTION>
1999
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 36.4 34.7 36.1 35.4 34.2 33.8 36.1 35.1 32.9 34.3 33.6 35.9
Taxes: 9.6 8.0 8.2 6.3 6.6 6.1 7.5 8.1 6.6 7.4 7.5 9.7
Interest expense: 2.9 0.8 2.0 2.5 6.8 3.9 2.9 0.7 1.9 2.5 6.9 3.9
Dividends:
Preferred Stock 1.3 1.2 1.3 1.2
Common Stock 1.6 19.0 19.4
Construction 6.3 7.4 9.6 8.2 7.7 8.7 8.2 8.2 8.6 8.4 7.6 7.2
Repayments:
Bonds, Solid Waste Notes 0.5 0.5
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 55.2 52.7 55.9 52.4 56.5 54.1 54.7 53.4 69.0 52.6 57.3 76.1
SOURCES OF CASH:
Revenues & Misc.: 60.3 54.7 57.0 51.4 50.4 48.7 55.0 55.7 51.5 54.6 53.0 60.6
Div. from Subs.: 2.0 2.0 2.0 2.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 60.3 54.7 59.0 51.4 50.4 50.7 55.0 55.7 53.5 54.6 53.0 62.6
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 64.4 59.3 57.3 54.2 55.2 61.3 64.7 64.5 62.2 77.7 75.7 80.1
Additional STD requir -5.1 -2.0 -3.1 1.0 6.1 3.4 -0.3 -2.3 15.5 -2.0 4.3 13.5
Balance, End of Period 59.3 57.3 54.2 55.2 61.3 64.7 64.5 62.2 77.7 75.7 80.1 93.5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MONONGAHELA POWER COMPANY
CASH REQUIREMENTS
($ millions)
2000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 35.3 33.6 34.9 34.3 33.1 32.7 34.9 34.0 31.8 33.2 32.5 34.8
Taxes: 10.4 8.8 9.0 6.9 7.2 6.7 8.2 8.9 7.2 8.1 8.2 10.6
Interest expense: 2.9 0.8 2.0 2.4 6.6 3.7 2.7 0.6 1.8 4.5 6.7 3.7
Dividends:
Preferred Stock 1.3 1.2 1.3 1.2
Common Stock 19.3 20.7
Construction 4.6 5.3 7.0 5.9 5.6 6.3 5.9 5.9 6.2 6.1 5.5 5.2
Repayments:
Bonds, Solid Waste Notes 0.5 65.0 0.5
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 53.2 50.3 52.9 114.5 53.7 49.4 51.7 50.7 66.3 51.9 54.6 75.0
SOURCES OF CASH:
Revenues & Misc.: 61.1 55.4 57.7 52.1 51.1 49.3 55.7 56.4 52.2 55.3 53.7 61.4
Div. from Subs.: 2.0 2.0 2.0 2.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds 100.0
SOURCES OF CASH 61.1 55.4 59.7 152.1 51.1 51.3 55.7 56.4 54.2 55.3 53.7 63.4
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 93.5 85.6 80.5 73.7 36.1 38.7 36.8 32.8 27.1 39.2 35.8 36.7
Additional STD requir -7.9 -5.1 -6.8 -37.6 2.6 -1.9 -4.0 -5.7 12.1 -3.4 0.9 11.6
Balance, End of Period 85.6 80.5 73.7 36.1 38.7 36.8 32.8 27.1 39.2 35.8 36.7 48.3
</TABLE>
<TABLE>
<CAPTION>
2001
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 35.9 34.2 35.5 34.8 33.7 33.3 35.5 34.6 32.4 33.8 33.0 35.3
Taxes: 10.2 8.6 8.8 6.7 7.1 6.5 8.0 8.7 7.1 7.9 8.0 10.3
Interest expense: 2.7 0.4 1.8 4.5 6.6 3.7 2.6 0.2 1.7 4.5 6.6 3.7
Dividends:
Preferred Stock 1.3 1.2 1.3 1.2
Common Stock 18.7 21.3
Construction 3.8 4.4 5.8 4.9 4.6 5.2 4.9 4.9 5.1 5.1 4.6 4.3
Repayments:
Bonds, Solid Waste Notes 0.5 0.5
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 52.6 49.4 51.9 50.9 53.2 48.7 51.0 49.7 65.0 51.3 53.9 74.9
SOURCES OF CASH:
Revenues & Misc.: 61.3 55.5 57.9 52.3 51.2 49.5 55.9 56.6 52.4 55.4 53.9 61.6
Div. from Subs.: 2.0 2.0 2.0 2.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 61.3 55.5 59.9 52.3 51.2 51.5 55.9 56.6 54.4 55.4 53.9 63.6
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 48.3 39.6 33.5 25.5 24.1 26.1 23.3 18.4 11.5 22.1 18.0 18.0
Additional STD requir -8.7 -6.1 -8.0 -1.4 2.0 -2.8 -4.9 -6.9 10.6 -4.1 0.0 11.3
Balance, End of Period 39.6 33.5 25.5 24.1 26.1 23.3 18.4 11.5 22.1 18.0 18.0 29.3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MONONGAHELA POWER COMPANY
CASH REQUIREMENTS
($ millions)
2002
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 36.6 34.9 36.2 35.5 34.4 34.0 36.2 35.3 33.0 34.5 33.7 36.1
Taxes: 10.2 8.6 8.8 6.7 7.1 6.5 8.0 8.7 7.1 7.9 8.0 10.3
Interest expense: 2.7 0.3 1.7 4.4 6.5 3.7 2.7 0.3 1.9 4.6 6.8 3.9
Dividends:
Preferred Stock 1.3 1.2 1.3 1.2
Common Stock 18.7 21.3
Construction 5.4 6.3 8.2 7.0 6.6 7.4 7.0 7.0 7.3 7.2 6.5 6.1
Repayments:
Bonds, Solid Waste Notes 0.5 25.0 0.5
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 54.9 51.9 54.9 53.6 55.8 51.6 78.9 52.6 68.0 54.2 56.7 77.7
SOURCES OF CASH:
Revenues & Misc.: 61.5 55.7 58.1 52.4 51.4 49.6 56.0 56.8 52.5 55.6 54.1 61.8
Div. from Subs.: 2.0 2.0 2.0 2.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 61.5 55.7 60.1 52.4 51.4 51.6 56.0 56.8 54.5 55.6 54.1 63.8
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 29.3 22.7 18.9 13.7 14.9 19.3 19.3 42.2 38.0 51.5 50.1 52.7
Additional STD requir -6.6 -3.8 -5.2 1.2 4.4 0.0 22.9 -4.2 13.5 -1.4 2.6 13.9
Balance, End of Period 22.7 18.9 13.7 14.9 19.3 19.3 42.2 38.0 51.5 50.1 52.7 66.6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
THE POTOMAC EDISON COMPANY
CASH REQUIREMENTS
($ millions)
1998
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 39.3 36.6 37.5 35.6 35.0 35.7 37.7 36.9 33.8 35.0 35.9 38.4
Taxes: 12.0 10.7 10.2 7.0 7.0 7.0 7.9 8.1 6.8 7.3 8.0 11.3
Interest expense: 4.5 3.1 0.5 7.6 8.1 4.5 3.1 0.5 7.6 8.1
Dividends:
Preferred Stock 0.2 0.2 0.2 0.2
Common Stock 4.4 32.4 33.2
Construction 7.6 8.4 10.8 8.1 8.6 10.2 9.0 10.4 8.4 8.5 9.0 7.7
Repayments:
Bonds, Solid Waste Notes 0.8 1.0
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 59.1 61.0 61.6 51.4 58.2 65.4 54.8 59.9 84.5 51.5 61.5 98.7
SOURCES OF CASH:
Revenues & Misc.: 75.0 69.0 68.4 58.7 58.1 59.0 63.1 62.8 56.2 58.8 61.6 72.2
Div. from Subs.: 2.3 2.3 2.3 2.3
Interest income 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 75.0 69.0 70.8 58.8 58.2 61.4 63.2 63.0 58.6 58.9 61.7 74.5
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 11.1 -4.8 -12.8 -22.0 -29.4 -29.4 -25.4 -33.8 -36.9 -11.0 -18.4 -18.6
Additional STD requir-15.9 -8.0 -9.2 -7.4 0.0 4.0 -8.4 -3.1 25.9 -7.4 -0.2 24.2
Balance, End of Period -4.8 -12.8 -22.0 -29.4 -29.4 -25.4 -33.8 -36.9 -11.0 -18.4 -18.6 5.6
</TABLE>
<TABLE>
<CAPTION>
1999
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 40.6 37.9 38.7 36.8 36.2 36.9 38.9 38.1 34.9 36.2 37.1 39.7
Taxes: 12.7 11.3 10.7 7.4 7.4 7.4 8.3 8.5 7.1 7.7 8.4 11.9
Interest expense: 4.5 3.1 0.5 7.6 8.1 4.5 3.1 0.5 7.6 8.1
Dividends:
Preferred Stock 0.2 0.2 0.2 0.2
Common Stock 3.1 38.0 38.9
Construction 7.4 8.2 10.6 7.9 8.4 10.0 8.8 10.2 8.2 8.3 8.8 7.6
Repayments:
Bonds, Solid Waste Notes 0.8 1.0
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 60.7 62.9 63.1 52.6 59.8 65.5 56.0 61.5 91.3 52.7 63.1 106.2
SOURCES OF CASH:
Revenues & Misc.: 74.7 68.7 68.1 58.4 57.9 58.7 62.8 62.5 55.9 58.5 61.3 71.9
Div. from Subs.: 2.3 2.3 2.3 2.3
Interest income 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.2 0.2 0.1
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds 40.0
SOURCES OF CASH 74.7 68.8 70.5 58.5 58.0 61.1 103.0 62.8 58.5 58.7 61.5 74.3
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 5.6 -8.4 -14.3 -21.7 -27.6 -25.8 -21.4 -68.4 -69.7 -36.9 -42.9 -41.3
Additional STD requir-14.0 -5.9 -7.4 -5.9 1.8 4.4 -47.0 -1.3 32.8 -6.0 1.6 31.9
Balance, End of Period -8.4 -14.3 -21.7 -27.6 -25.8 -21.4 -68.4 -69.7 -36.9 -42.9 -41.3 -9.4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
THE POTOMAC EDISON COMPANY
CASH REQUIREMENTS
($ millions)
2000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 44.6 41.6 42.5 40.4 39.7 40.5 42.7 41.8 38.4 39.7 40.8 43.5
Taxes: 12.8 11.4 10.8 7.4 7.4 7.4 8.4 8.6 7.2 7.8 8.5 12.0
Interest expense: 1.6 4.5 3.2 0.7 7.8 8.3 1.7 4.5 0.9 0.5 7.6 8.1
Dividends:
Preferred Stock 0.2 0.2 0.2 0.2
Common Stock 36.3 38.7
Construction 8.6 9.5 12.2 9.1 9.8 11.6 10.2 11.8 9.5 9.6 10.2 8.7
Repayments:
Bonds, Solid Waste Notes 0.8 75.0 1.0
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 67.6 68.0 143.7 57.6 64.9 67.8 63.0 66.9 92.3 57.6 68.3 111.0
SOURCES OF CASH:
Revenues & Misc.: 79.3 73.0 72.3 62.0 61.5 62.3 66.7 66.4 59.4 62.1 65.1 76.3
Div. from Subs.: 2.3 2.3 2.3 2.3
Interest income 0.1 0.1 0.1 0.1 0.3 0.2 0.1 0.2 0.1
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds 100.0
SOURCES OF CASH 79.4 73.1 74.7 62.0 61.5 64.6 166.8 66.7 61.9 62.2 65.3 78.7
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period -9.4 -21.2 -26.3 42.7 38.3 41.7 44.9 -58.9 -58.7 -28.3 -32.9 -29.9
Additional STD requir-11.8 -5.1 69.0 -4.4 3.4 3.2 -103.8 0.2 30.4 -4.6 3.0 32.3
Balance, End of Period -21.2 -26.3 42.7 38.3 41.7 44.9 -58.9 -58.7 -28.3 -32.9 -29.9 2.4
</TABLE>
<TABLE>
<CAPTION>
2001
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 45.7 42.6 43.5 41.4 40.7 41.5 43.8 42.8 39.3 40.7 41.8 44.6
Taxes: 12.9 11.5 10.9 7.5 7.5 7.5 8.5 8.7 7.3 7.9 8.6 12.1
Interest expense: 5.6 4.5 0.9 1.3 3.8 8.1 5.7 4.6 1.1 1.6 4.1 8.5
Dividends:
Preferred Stock 0.2 0.2 0.2 0.2
Common Stock 35.1 39.9
Construction 12.8 14.1 18.1 13.5 14.5 17.1 15.0 17.5 14.1 14.3 15.0 13.0
Repayments:
Bonds, Solid Waste Notes 0.8 1.0
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 77.0 73.7 73.5 63.7 66.7 74.2 72.9 73.8 96.9 64.5 70.6 118.1
SOURCES OF CASH:
Revenues & Misc.: 81.2 74.7 74.0 63.5 62.9 63.8 68.3 68.0 60.8 63.6 66.6 78.2
Div. from Subs.: 2.3 2.3 2.3 2.3
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 81.2 74.7 76.3 63.5 62.9 66.1 68.3 68.0 63.1 63.6 66.6 80.5
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 2.4 -1.9 -2.9 -5.7 -5.5 -1.6 6.5 11.1 17.0 50.7 51.6 55.7
Additional STD requir -4.2 -1.0 -2.8 0.2 3.8 8.1 4.6 5.8 33.8 0.9 4.0 37.6
Balance, End of Period -1.9 -2.9 -5.7 -5.5 -1.6 6.5 11.1 17.0 50.7 51.6 55.7 93.2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
THE POTOMAC EDISON COMPANY
CASH REQUIREMENTS
($ millions)
2002
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 46.8 43.6 44.6 42.4 41.7 42.5 44.8 43.9 40.2 41.7 42.8 45.7
Taxes: 13.1 11.6 11.0 7.6 7.6 7.6 8.5 8.8 7.4 8.0 8.7 12.2
Interest expense: 6.0 4.9 1.3 1.7 4.2 8.6 6.1 5.0 1.5 2.0 4.5 8.9
Dividends:
Preferred Stock 0.2 0.2 0.2 0.2
Common Stock 35.1 39.9
Construction 12.6 13.9 17.8 13.3 14.3 16.9 14.8 17.3 13.9 14.1 14.8 12.8
Repayments:
Bonds, Solid Waste Notes 0.8 1.0
Preferred Stock
Misc. Net & Other:
TOTAL REQUIREMENTS 78.5 75.0 74.7 65.0 68.0 75.6 74.2 75.2 98.1 65.8 72.0 119.5
SOURCES OF CASH:
Revenues & Misc.: 83.1 76.4 75.8 65.0 64.4 65.3 69.9 69.6 62.2 65.1 68.2 80.0
Div. from Subs.: 2.3 2.3 2.3 2.3
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds 50.0
SOURCES OF CASH 83.1 76.4 78.1 65.0 64.4 67.6 119.9 69.6 64.5 65.1 68.2 82.3
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 93.2 88.6 87.2 83.8 83.8 87.4 95.4 49.7 55.3 88.9 89.6 93.4
Additional STD requir -4.6 -1.4 -3.4 0.0 3.6 8.0 -45.7 5.6 33.6 0.7 3.8 37.2
Balance, End of Period 88.6 87.2 83.8 83.8 87.4 95.4 49.7 55.3 88.9 89.6 93.4 130.6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
WEST PENN POWER COMPANY
CASH REQUIREMENTS
($ millions)
1998
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 56.2 51.3 53.6 49.5 49.4 50.8 52.6 51.7 47.8 48.9 49.8 52.4
Taxes: 18.9 16.1 16.9 12.2 13.1 13.1 14.4 14.6 12.9 13.7 14.8 18.7
Interest expense: 9.7 8.3 1.2 4.3 9.8 0.4 10.0 8.5 1.3 4.4 10.9
Dividends:
Preferred Stock 0.9 1.0 0.9 1.0
Common Stock 55.3 47.8
Construction 11.6 11.1 16.3 13.6 10.9 13.6 9.7 9.7 12.5 9.2 7.6 10.5
Repayments:
Bonds, Solid Waste Notes
Preferred Stock 102.0 1.5
Misc. Net & Other:
TOTAL REQUIREMENTS 87.6 88.2 150.4 77.5 77.7 237.1 78.0 86.0 81.7 74.1 78.1 92.5
SOURCES OF CASH:
Revenues & Misc.: 102.0 90.8 95.0 80.6 82.8 84.2 89.0 88.2 80.5 83.8 86.9 98.1
Div. from Subs.: 4.0 4.0 4.0 4.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds 100.0
SOURCES OF CASH 102.0 90.8 99.0 80.6 82.8 188.2 89.0 88.2 84.5 83.8 86.9 102.1
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 10.5 -3.9 -6.5 44.9 41.8 36.7 85.6 74.6 72.4 69.6 59.9 51.1
Additional STD required-14.4 -2.6 51.4 -3.1 -5.1 48.9 -11.0 -2.2 -2.8 -9.7 -8.8 -9.6
Balance, End of Period -3.9 -6.5 44.9 41.8 36.7 85.6 74.6 72.4 69.6 59.9 51.1 41.5
</TABLE>
<TABLE>
<CAPTION>
1999
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 55.9 51.1 53.3 49.2 49.1 50.6 52.3 51.5 47.6 48.6 49.5 52.1
Taxes: 19.0 16.1 16.9 12.2 13.1 13.1 14.4 14.6 12.9 13.8 14.8 18.7
Interest expense: 0.2 9.8 8.4 1.3 4.4 11.1 0.5 10.2 8.7 1.5 4.5 11.1
Dividends:
Preferred Stock 0.9 1.0 0.9 1.0
Common Stock 56.8 52.2
Construction 11.4 10.8 16.1 13.3 10.7 13.4 9.5 9.5 12.4 9.0 7.5 10.4
Repayments:
Bonds, Solid Waste Notes
Preferred Stock 1.5
Misc. Net & Other:
TOTAL REQUIREMENTS 87.4 87.8 151.5 77.0 77.3 140.4 77.6 85.8 81.6 73.9 77.8 92.3
SOURCES OF CASH:
Revenues & Misc.: 102.4 91.1 95.4 80.9 83.1 84.6 89.3 88.5 80.8 84.2 87.2 98.5
Div. from Subs.: 4.0 4.0 4.0 4.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 102.4 91.1 99.4 80.9 83.1 88.6 89.3 88.5 84.8 84.2 87.2 102.5
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 41.5 26.5 23.2 75.3 71.4 65.6 117.4 105.7 103.0 99.8 89.5 80.1
Additional STD required-15.0 -3.3 52.1 -3.9 -5.8 51.8 -11.7 -2.7 -3.2 -10.3 -9.4 -10.2
Balance, End of Period 26.5 23.2 75.3 71.4 65.6 117.4 105.7 103.0 99.8 89.5 80.1 69.9
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
WEST PENN POWER COMPANY
CASH REQUIREMENTS
($ millions)
2000
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 55.6 50.8 53.0 49.0 48.9 50.3 52.0 51.2 47.3 48.4 49.3 51.8
Taxes: 19.5 16.6 17.5 12.5 13.5 13.5 14.8 15.1 13.3 14.2 15.3 19.3
Interest expense: 0.3 10.0 8.6 1.4 4.6 11.3 0.7 10.4 8.8 1.6 4.7 11.2
Dividends:
Preferred Stock 0.9 1.0 0.9 1.0
Common Stock 57.7 57.9
Construction 11.4 10.9 16.1 13.4 10.7 13.4 9.5 9.5 12.4 9.1 7.5 10.4
Repayments:
Bonds, Solid Waste Notes
Preferred Stock 1.0 1.5
Misc. Net & Other:
TOTAL REQUIREMENTS 87.7 89.3 152.9 77.3 77.7 146.4 77.9 86.2 81.8 74.3 78.3 92.7
SOURCES OF CASH:
Revenues & Misc.: 103.4 92.0 96.3 81.6 83.8 85.3 90.2 89.4 81.5 84.9 88.0 99.4
Div. from Subs.: 4.0 4.0 4.0 4.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 103.4 92.0 100.3 81.6 83.8 89.3 90.2 89.4 85.5 84.9 88.0 103.4
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 69.9 54.2 51.5 104.1 99.8 93.7 150.8 138.5 135.3 131.6 121.0 111.3
Additional STD required-15.7 -2.7 52.6 -4.3 -6.1 57.1 -12.3 -3.2 -3.7 -10.6 -9.7 -10.7
Balance, End of Period 54.2 51.5 104.1 99.8 93.7 150.8 138.5 135.3 131.6 121.0 111.3 100.6
</TABLE>
<TABLE>
<CAPTION>
2001
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 55.6 50.8 53.0 48.9 48.8 50.3 52.0 51.2 47.3 48.3 49.2 51.8
Taxes: 21.1 17.9 18.8 13.5 14.6 14.6 16.0 16.2 14.4 15.3 16.5 20.8
Interest expense: 0.4 10.1 8.7 1.5 4.6 11.3 0.7 10.4 8.9 1.6 4.7 11.2
Dividends:
Preferred Stock 0.9 1.0 0.9 1.0
Common Stock 59.5 59.6 7.2
Construction 9.0 8.6 13.5 10.6 8.5 11.3 7.5 7.5 10.5 7.2 5.9 9.0
Repayments:
Bonds, Solid Waste Notes
Preferred Stock 1.0 1.5
Misc. Net & Other:
TOTAL REQUIREMENTS 87.0 88.4 153.5 75.5 76.5 147.1 77.1 85.3 88.3 73.4 77.8 92.8
SOURCES OF CASH:
Revenues & Misc.: 106.7 94.9 99.4 84.3 86.6 88.1 93.1 92.2 84.2 87.7 90.9 102.6
Div. from Subs.: 4.0 4.0 4.0 4.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 106.7 94.9 103.4 84.3 86.6 92.1 93.1 92.2 88.2 87.7 90.9 106.6
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 100.6 80.9 74.4 124.5 115.7 105.6 160.6 144.6 137.7 137.8 123.5 110.4
Additional STD required-19.7 -6.5 50.1 -8.8 -10.1 55.0 -16.0 -6.9 0.1 -14.3 -13.1 -13.8
Balance, End of Period 80.9 74.4 124.5 115.7 105.6 160.6 144.6 137.7 137.8 123.5 110.4 96.6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
WEST PENN POWER COMPANY
CASH REQUIREMENTS
($ millions)
2002
JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
REQUIREMENTS:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Expenses
& Misc. (net): 55.9 51.0 53.3 49.2 49.1 50.5 52.3 51.5 47.6 48.6 49.5 52.1
Taxes: 22.7 19.3 20.3 14.6 15.7 15.7 17.3 17.5 15.5 16.5 17.8 22.5
Interest expense: 0.4 10.1 8.7 1.5 4.6 11.4 0.8 10.4 8.9 1.7 4.7 11.3
Dividends:
Preferred Stock 0.9 1.0 0.9 1.0
Common Stock 59.5 59.6 7.2
Construction 12.1 11.6 16.9 14.3 11.4 14.1 10.1 10.1 13.0 9.7 8.0 10.9
Repayments:
Bonds, Solid Waste Notes
Preferred Stock 1.0 2.0
Misc. Net & Other:
TOTAL REQUIREMENTS 92.0 93.0 158.7 80.6 80.8 151.3 81.4 89.5 92.2 77.5 82.0 96.8
SOURCES OF CASH:
Revenues & Misc.: 110.2 98.0 102.6 87.0 89.4 91.0 96.1 95.2 86.9 90.5 93.9 105.9
Div. from Subs.: 4.0 4.0 4.0 4.0
Interest income
Sale of Securities:
Common Stock
Preferred Stock
Pollution Bonds
First Mortgage Bonds
SOURCES OF CASH 110.2 98.0 106.6 87.0 89.4 95.0 96.1 95.2 90.9 90.5 93.9 109.9
SHORT-TERM DEBT /
(INVESTMENT):
Balance, Beg. of Period 96.6 78.4 73.4 125.5 119.1 110.5 166.8 152.1 146.4 147.7 134.7 122.8
Additional STD required-18.2 -5.0 52.1 -6.4 -8.6 56.3 -14.7 -5.7 1.3 -13.0 -11.9 -13.1
Balance, End of Period 78.4 73.4 125.5 119.1 110.5 166.8 152.1 146.4 147.7 134.7 122.8 109.7
</TABLE>
