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): August 18, 2000
Allegheny Energy, Inc.
(Exact Name of Registrant as Specified in Charter)
Maryland 1-00267 13-5531602
(State or Other Jurisdiction of (Commission File Number) (IRS Employer/
Incorporation) Identification No.)
10435 Downsville Pike, Hagerstown, Maryland 21740-1766
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (301) 790-3400
N/A
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 1-4. NOT APPLICABLE
ITEM 5. OTHER EVENTS.
On August 18, 2000, Monongahela Power Company ("Monongahela"), a wholly-owned
subsidiary of Allegheny Energy, Inc. (the "Company"), doing business as
Allegheny Power, the energy delivery business of the Company, completed its
acquisition of Mountaineer Gas Company ("Mountaineer") from Eastern Systems
Corporation ("ESC") and its parent Energy Corporation of America ("ECA") for
approximately $323 million (consisting of a cash payment of approximately $223
million and the assumption of approximately $100 million in debt), subject to
certain post-closing adjustments.
Mountaineer is West Virginia's largest natural gas provider and it and its
Subsidiaries had assets including natural gas producing properties, gas
gathering facilities, and intrastate transmission pipelines.
The Company had previously assigned to Monongahela all of its rights and
obligations under the Stock Purchase Agreement, dated as of December 20, 1999,
among the Company, ECA, and ESC, which governed the terms of the acquisition All
regulatory approvals required to consummate the acquisition, including but not
limited to the approval of the Securities and Exchange Commission pursuant to
the Public Utility Holding Company Act of 1935, were obtained as of August 11,
2000.
The foregoing text is qualified in its entirety by the press releases, dated
August 24, 2000, issued by the Company announcing the acquisition, and the Stock
Purchase Agreement which are attached as Exhibits 99.1 and 2.1, respectively,
and are incorporated herein by reference.
ITEM 6. NOT APPLICABLE
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) - (b) Not applicable
(c) Exhibits
Exhibit Description
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2.1 Stock Purchase Agreement, dated as of December 20, 1999, among
Allegheny Energy, Inc., Energy Corporation of America, and
Eastern Systems Corporation (incorporated by reference to the
Current Report on Form 8-K of the Company, filed with the
Securities and Exchange Commission on December 28, 1999).
99.1 Press Releases, dated August 24, 2000, issued by Allegheny
Energy, Inc.
ITEM 8. NOT APPLICABLE
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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 hereunto duly authorized.
Date: September 1, 2000 ALLEGHENY ENERGY, INC
By: /s/ Thomas K. Henderson
--------------------------------
Name: Thomas K. Henderson
Title: Vice President
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EXHIBIT INDEX
Exhibit Description
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2.1 Stock Purchase Agreement, dated as of December 20, 1999, among
Allegheny Energy, Inc., Energy Corporation of America, and
Eastern Systems Corporation (incorporated by reference to the
Current Report on Form 8-K of the Company, filed with the
Securities and Exchange Commission on December 28, 1999).
99.1 Press Releases, dated August 24, 2000, issued by Allegheny
Energy, Inc.
