Monongahela Power Co/OH – ‘POS AMC’ on 5/25/94 – EX-99

As of:  Wednesday, 5/25/94   ·   Accession #:  67646-94-35   ·   File #:  70-08259

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Post-Effective Amendment to a U-1   —   Form U-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: POS AMC     Post-Effective Amendment to a U-1                      2      7K 
 2: EX-99       Miscellaneous Exhibit                                  3     13K 
 3: EX-99       Miscellaneous Exhibit                                  3     11K 
 4: EX-99       Miscellaneous Exhibit                                  2      8K 

EX-99   —   Miscellaneous Exhibit

EX-99
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                                    Exhibit D-10

PUBLIC SERVICE COMMISSION               
OF WEST VIRGINIA                
CHARLESTON                

     At a session of the PUBLIC SERVICE COMMISSION OF WEST VIRGINIA in
the City of Charleston on the 21st day of December, 1993.                       

CASE NO. 93-1019-E-PC                                                 

MONONGAHELA POWER COMPANY and                                         
THE POTOMAC EDISON COMPANY                                            
Petition for consent and approval to                        
create a first lien or grant a security                     
interest in Allegheny Generating Company                    
common stock to secure participation in                     
a multi-year Credit Agreement to provide                    
a readily available source of funds for                     
the Harrison Power Station scrubbers and                    
other corporate purposes.                                   

COMMISSION ORDER                

      On November 8, 1993, Monongahela Power Company (Mon Power) and The
Potomac Edison Company (Potomac Edison) filed a petition for consent and        
approval to create a first lien or grant a security interest in Allegheny       
Generating Company (Allegheny) common stock to secure participation in a        
multi-year Credit Agreement to provide a readily available source of funds to   
ensure the completion of facilities required under the Clean Air Act Amendment  
of 1990 and for other general corporate purposes.                               

According to Mon Power and Potomac Edison, the proposed     
transaction involves the creation of a multi-year credit program for Mon        
Power, Potomac Edison, and West Penn Power Company (hereinafter Companies),     
whereby the Companies propose to enter into a $300 million Competitive Advance  
and Revolving Credit Facility Agreement (Agreement) with Chemical Bank and The  
Bank of New York as co-agents and certain lenders.                              

     On December 9, 1993, Commission Staff (Staff) filed a final joint
memorandum recommending that the Commission consent to Mon Power and Potomac    
Edison entering into the Agreement without approving the terms and conditions   
thereof.                                                                        

DISCUSSION AND CONCLUSION OF LAW                

Pursuant to West Virginia Code {24-2-12, the Commission has 
reviewed the Agreement herein and finds that neither party thereto is given an  
undue advantage over the other.  Accordingly, the Commission shall consent to   
Mon Power and Potomac Edison entering into the Agreement herein without         
approving the terms and conditions thereof.                                     

EX-99
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ORDER               

    IT IS, THEREFORE, ORDERED that the petition filed by Monongahela
Power Company and The Potomac Edison Company for consent to enter into the      
multi-year Credit Agreement be, and is hereby, granted.                         

      IT IS FURTHER ORDERED that in permitting Monongahela Power Company
and The Potomac Edison Company to enter into the Credit Agreement herein, the   
Commission is not approving the terms and conditions thereof.                   

   IT IS FURTHER ORDERED that the Commission's Executive Secretary
serve a copy of this order upon all parties of record by United States First    
Class Mail and upon Commission Staff by hand delivery.                          

A True Copy, Teste:                     

                              HOWARD M. CUNNINGHAM
                              Howard M. Cunningham
                             Executive Secretary

Dates Referenced Herein

				Referenced-On Page
This ‘POS AMC’ Filing		Date		First		Last			Other Filings
Filed on:		5/25/94							None on these Dates
		12/9/93		1
		11/8/93		1
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