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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): May 19, 2000
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) Number)
Identification
incorporation)
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 May 19, 2000, Allegheny Energy, Inc.
(Allegheny) announced that its unregulated generating
subsidiary, Allegheny Energy Supply Company, LLC
(Allegheny Energy Supply), and PPL Global, Inc., a
subsidiary of PPL Corp., signed a definitive agreement
to purchase Potomac Electric Power Co. (Pepco)'s 9.72
percent ownership interest in the Conemaugh generating
station located near Johnstown, Pennsylvania, located
within the Pennsylvania-New Jersey-Maryland (PJM)
market. Pepco's interest represents 9.72 percent
ownership of the 1,711-megawatt (MW) plant or 166 MW.
The purchase price is $152.5 million, which
Allegheny Energy Supply and PPL Global will split. Its
$76.25 million purchase of a portion of Conemaugh will
provide Allegheny Energy Supply with an entrance into
the PJM market with a well-run, low-cost production
facility and is another step towards achieving
Allegheny Energy Supply's goal of becoming a national
energy supplier. Attached hereto as Exhibit 99 is a
copy of the press release dated May 19, 2000, that
details the acquisition, which is subject to regulatory
approval.
Item 7 Exhibits
Ex. 99.1 Press release dated May 19, 2000
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: June 5, 2000 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 May 19, 2000.
