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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): December 3,
1999
ALLEGHENY ENERGY, INC.
(Exact name of registrant as specified in its charter)
Maryland 1-267 13-5531602
(State or other (Commission File (IRS Employer
jurisdiction of Number)
Identification
incorporation) Number)
10435 Downsville Pike
Hagerstown, MD 21740
(Address of principal executive offices)
Registrant's telephone number,
including area code: (301) 790-3400
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Item 5. Other Events.
On December 3, 1999, the United States District
Court for the Western District of Pennsylvania in
Pittsburgh, Pa, handed down a decision which found that
DQE, Inc. did not breach the April 1 1997 Agreement and
Plan of Merger. The court accordingly found in favor
of DQE, Inc. and granted judgment in favor of DQE, Inc.
on all claims and all requests for injunctive relief.
Allegheny Energy, Inc. is currently assessing its
options.
Through October 31, 1999, the Company has deferred
$19.7 million of merger related costs. In December,
Allegheny Energy, Inc. plans to write off these costs.
Incorporated herein by reference is a press
release issued on December 3, 1999, by the Company
concerning the court decision. Attached as Exhibit
99.1 is a copy of the press release.
Item 7 Exhibits
Ex. 99.1 Press release dated December 3, 1999.
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.
Allegheny Energy, Inc.
Dated: December 7, 1999 By: /s/ 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 December 3, 1999.
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Exhibit 99.1
NEWS RELEASE
Cynthia A. Shoop
Director, Corporate Communications
(301) 665-2718
FOR IMMEDIATE RELEASE
ALLEGHENY ENERGY COMMENTS ON COURT'S DECISION
REGARDING DQE LAWSUIT
Hagerstown, Md., December 3, 1999 - Allegheny Energy, Inc.
(NYSE: AYE) expressed disappointment with a decision by the
United States District Court for the Western District of
Pennsylvania in Pittsburgh, Pa., which rejected Allegheny's claim
of breach of contract in its suit filed against DQE, Inc., for
attempting to terminate the companies' merger agreement.
The Company is reviewing its options in light of this
decision.
In the meantime, Allegheny Energy continues its work to
create one of the nation's premier energy companies. During the
past year, Allegheny has aggressively moved forward to succeed in
the new era of competition in the electric utility industry. In
the past few months alone, it has taken steps to grow both its
generation and distribution businesses -- including its proposed
acquisition of West Virginia Power and the addition of new
generating units in Pennsylvania.
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 Company,
which operates and markets competitive retail and wholesale
electric generation and operates regulated electric generation
for its affiliates; and Allegheny Ventures, which actively
invests in and develops energy-related and telecommunications
projects. For more information, visit our web site at
www.alleghenyenergy.com.
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