<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM U5S
ANNUAL REPORT
For the year ended December 31, 1999
Filed pursuant to the
Public Utility Holding Company Act of 1935 by
ALLEGHENY ENERGY, INC.
10435 Downsville Pike
Hagerstown, Maryland 21740-1766
1. Allegheny Energy, Inc. hereby amends Item 10 Financial
Statements contained in its Form U-5-S for the Year ended
December 31, 1999 by deleting the Allegheny Energy, Inc. and
Subsidiary Companies Consolidating Statements of Income for the
Year ended December 31, 1999 found in Appendix 1 on pages A-5, A-
5a, A-6 and A-6a and substituting the following Allegheny Energy,
Inc. and Subsidiary Companies Consolidating Statements of Income
for the Year ended December 31, 1999 therefor:
<PAGE>
A - 5
ALLEGHENY ENERGY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME FOR YEAR ENDED DECEMBER 31, 1999
(000's)
<TABLE>
<CAPTION>
AYE APSC MP Subtotal
Operating revenues:
<S> <C> <C> <C> <C>
Residential 0 0 210,757 210,757
Commercial 0 0 130,052 130,052
Industrial 0 0 217,792 217,792
Wholesale and other,
including affiliates 0 456,610 96,184 552,794
Bulk power transactions, net 0 0 18,550 18,550
Total operating revenues 0 456,610 673,335 1,129,945
Operating expenses:
Operation:
Fuel 0 0 145,235 145,235
Purchased power and exchanges, net 0 0 98,774 98,774
Deferred power costs, net 0 0 10,928 10,928
Other 24,594 436,154 90,626 551,374
Maintenance 0 4,019 63,992 68,011
Depreciation and amortization 0 0 60,904 60,904
Taxes other than income taxes 39 14,550 43,395 57,984
Federal and state income taxes 0 663 40,442 41,105
Total operating expenses 24,633 455,386 554,296 1,034,315
Operating income (24,633) 1,224 119,039 95,630
Other income and deductions:
Alowance for other than borrowed funds used
during construction 0 0 1,059 1,059
Other income, net 304,730 (928) 6,117 309,919
Total other income and deductions 304,730 (928) 7,176 310,978
Income before interest charges and
preferred dividends 280,097 296 126,215 406,608
Interest charges and preferred dividends:
Interest on long-term debt 0 0 31,964 31,964
Other interest 21,676 296 2,638 24,610
Allowance for borrowed funds used during construction
and interest capitalized 0 0 (714) (714)
Dividends on preferred stock of subsidiaries
Redemption premiums on preferred stock of subsidiaries
Total interest charges, preferred dividends, and
preferred redemption premiums: 21,676 296 33,888 55,860
Income (loss) before exraordinary charge 258,421 0 92,327 350,748
Extraordinry charge, net 0
Net Income (loss) 258,421 0 92,327 350,748
</TABLE>
<PAGE>
A - 5a
ALLEGHENY ENERGY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME FOR YEAR ENDED DECEMBER 31, 1999
(000's)
<TABLE>
<CAPTION>
Prior Page
Subtotal PE WPP AES Subtotal
(see pg A - 5) (see page B - 3a)
Operating revenues:
<S> <C> <C> <C> <C> <C>
Residential 210,757 330,299 417,600 4,943 963,599
Commercial 130,052 168,469 230,597 6,912 536,030
Industrial 217,792 212,205 359,798 9,416 799,211
Wholesale and other,
including affiliates 552,794 17,712 67,999 46,344 684,849
Bulk power transactions, net 18,550 24,572 278,209 73,259 394,590
Total operating revenues 1,129,945 753,257 1,354,203 140,874 3,378,279
Operating expenses:
Operation:
Fuel 145,235 138,194 213,626 18,081 515,136
Purchased power and exchanges, net 98,774 127,010 398,199 82,191 706,174
Deferred power costs, net 10,928 30,649 0 41,577
Other 551,374 100,299 188,613 9,866 850,152
Maintenance 68,011 57,255 93,436 4,285 222,987
Depreciation and amortization 60,904 75,916 114,268 7,975 259,063
Taxes other than income taxes 57,984 50,925 80,719 5,508 195,136
Federal and state income taxes 41,105 37,286 71,573 2,504 152,468
Total operating expenses 1,034,315 617,534 1,160,434 130,410 2,942,693
Operating income 95,630 135,723 193,769 10,464 435,586
Other income and deductions:
Alowance for other than borrowed funds used
during construction 1,059 748 33 0 1,840
Other income, net 309,919 7,769 9,621 1,159 328,468
Total other income and deductions 310,978 8,517 9,654 1,159 330,308
Income before interest charges and
preferred dividends 406,608 144,240 203,423 11,623 765,894
Interest charges and preferred dividends:
Interest on long-term debt 31,964 42,871 61,727 2,135 138,697
Other interest 24,610 2,029 6,996 168 33,803
Allowance for borrowed funds used during construction
and interest capitalized (714) (1,244) (2,900) (212) (5,070)
Dividends on preferred stock of subsidiaries
Redemption premiums on preferred stock of subsidiaries
Total interest charges, preferred dividends, and
preferred redemption premiums: 55,860 43,656 65,823 2,091 167,430
Income (loss) before exraordinary charge 350,748 100,584 137,600 9,532 598,464
Extraordinry charge, net (16,950) (10,018) (26,968)
Net Income (loss) 350,748 83,634 127,582 9,532 571,496
</TABLE>
<PAGE>
A - 6
ALLEGHENY ENERGY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME FOR YEAR ENDED DECEMBER 31, 1999
(000's)
<TABLE>
<CAPTION>
Prior Page Allegheny
Subtotal AP Coal AGC Ventures Subtotal
(see pg A - 5a) (see pg D - 3)
Operating revenues:
<S> <C> <C> <C> <C> <C>
Residential 963,599 0 0 3,014 966,613
Commercial 536,030 0 0 (82) 535,948
Industrial 799,211 0 0 (1,480) 797,731
Wholesale and other, 0
including affiliates 684,849 0 70,592 53,819 809,260
0
Bulk power transactions, net 394,590 0 0 55,085 449,675
Total operating revenues 3,378,279 0 70,592 110,356 3,559,227
Operating expenses:
Operation:
Fuel 515,136 0 0 20,378 535,514
Purchased power and exchanges, net 706,174 0 0 54,639 760,813
0
Deferred power costs, net 41,577 0 0 41,577
Other 850,152 0 3,799 12,608 866,559
0
Maintenance 222,987 0 1,224 3,341 227,552
Depreciation and amortization 259,063 0 16,980 5,884 281,927
Taxes other than income taxes 195,136 0 4,510 5,061 204,707
0
Federal and state income taxes 152,468 0 9,997 55 162,520
Total operating expenses 2,942,693 0 36,510 101,966 3,081,169
Operating income 435,586 0 34,082 8,390 478,058
Other income and deductions:
Alowance for other than borrowed funds used
during construction 1,840 0 0 1,840
Other income, net 328,468 (87) 394 (216) 328,559
Total other income and deductions 330,308 (87) 394 (216) 330,399
Income before interest charges,
preferred dividends, preferred
redemption premiums, and extraordinary 765,894 (87) 34,476 8,174 808,457
Interest charges, preferred dividends,
and preferred redemption premiums:
Interest on long-term debt 138,697 0 9,762 8,251 156,710
Other interest 33,803 154 3,499 44 37,500
Allowance for borrowed funds used during cons
and interest capitalized (5,070) 0 0 (5,070)
Dividends on preferred stock of subsidiaries 0
Redemption premiums on preferred stock of sub 0
Total interest charges, preferred dividends, and
preferred redemption premiums: 167,430 154 13,261 8,295 189,140
Income (loss) before exraordinary charge 598,464 (241) 21,215 (121) 619,317
Extraordinry charge, net (26,968) (26,968)
Net Income (loss) 571,496 (241) 21,215 (121) 592,349
</TABLE>
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<PAGE>
A - 6a
ALLEGHENY ENERGY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME FOR YEAR ENDED DECEMBER 31, 1999
(000's)
<TABLE>
<CAPTION>
AYE Inc.
Prior Page Combined Eliminations,Consolidated
Subtotal CT 1 & 2 Totals etc. Totals
(see pg A - 6)
Operating revenues:
<S> <C> <C> <C> <C> <C>
Residential 966,613 0 966,613 0 966,613
Commercial 535,948 0 535,948 0 535,948
Industrial 797,731 0 797,731 0 797,731
Wholesale and other,
including affiliates 809,260 128 809,388 (294,304)(4) 58,474
(456,610)(5)
Bulk power transactions, net 449,675 0 449,675 0 449,675
Total operating revenues 3,559,227 128 3,559,355 (750,914) 2,808,441
Operating expenses:
Operation:
Fuel 535,514 160 535,674 0 535,674
Purchased power and exchanges, net 760,813 0 760,813 (253,932)(4) 531,431
24,550 (13)
Deferred power costs, net 41,577 0 41,577 0 41,577
Other 866,559 13 866,572 (41,012)(4) 389,406
(436,154)(5)
Maintenance 227,552 5 227,557 (4,019)(5) 223,538
Depreciation and amortization 281,927 79 282,006 (24,550)(13 257,456
Taxes other than income taxes 204,707 3 204,710 111 (4) 190,271
(14,550)(5)
Federal and state income taxes 162,520 (46) 162,474 2,024 (8) 164,441
82 (16)
389 (4)
135 (4)
(663)(5)
Total operating expenses 3,081,169 214 3,081,383 (747,589) 2,333,794
Operating income 478,058 (86) 477,972 (3,325) 474,647
Other income and deductions:
Alowance for other than borrowed funds used
during construction 1,840 0 1,840 0 1,840
18,502 (1)
2,024 (8)
(5,450)(7)
(142)(6)
Other income, net 328,559 0 328,559 (342,816)(9) 1,605
928 (5)
Total other income and deductions 330,399 0 330,399 (326,954) 3,445
Income before interest charges,
preferred dividends, preferred
redemption premiums, and extraordinary 808,457 (86) 808,371 (330,279) 478,092
Interest charges, preferred dividends,
and preferred redemption premiums:
Interest on long-term debt 156,710 0 156,710 (1,512)(12 155,198
Other interest 37,500 0 37,500 (5,450)(7) 31,612
(142)(6)
Allowance for borrowed funds used during construction (296)(5)
and interest capitalized (5,070) 0 (5,070) 0 (5,070)
Dividends on preferred stock of subsidiaries 7,183 (10 7,183
Redemption premiums on preferred stock of sub 3,780 (10 3,780
Total interest charges, preferred dividends, and
preferred redemption premiums: 189,140 0 189,140 3,563 192,703
Income (loss) before exraordinary charge 619,317 (86) 619,231 (333,842) 285,389
Extraordinry charge, net (26,968) (26,968) (26,968)
Net Income (loss) 592,349 (86) 592,263 (333,842) 258,421
</TABLE>
<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.
Dated: May 17, 2000 ALLEGHENY ENERGY, INC.
/s/ Thomas K. Henderson
By: Thomas K. Henderson
Counsel
