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-9

COMMONWEALTH OF VIRGINIA                
STATE CORPORATION COMMISSION                

                  AT RICHMOND, DECEMBER 13, 1993

APPLICATION OF                                                                  
THE POTOMAC EDISON                                                              
                              CASE NO. PUF930053

For authority to make borrowings under the                                      
terms of a multi-year credit agreement                                          

ORDER GRANTING AUTHORITY                

On October 25, 1993, The Potomac Edison Company ("Applicant"  or      
"Potomac") filed an application under Chapters 3, 4, and 5 of Title 56 of the   
Code of Virginia requesting authority to enter into and make borrowings under   
a Competitive Advance and Revolving Credit Facility Agreement (the              
"Agreement") from the date of this order through December 31, 1997.  Applicant  
also requests authority to pledge as security for such borrowings the stock it  
owns in its subsidiary, Allegheny Generating Company ("AGC").  Applicant paid   
the requisite fee of $250.                                                      
Applicant proposes to enter into the Agreement along with Monongahela 
Power and West Penn Power for up to a maximum credit limit of $300 000 000      
with several New York banks.  Potomac, Monongahela Power and West Penn          
Power are wholly owned subsidiaries of Allegheny Power System, Inc.             
Potomac's portion of the total amount is $84 000 000.  Interest rates on loans  
will be determined at the time of issue and will be market based.  The proceeds 
of the borrowing will be used to finance ongoing construction program,          
acquisition of property, and improvement or maintenance of Applicant's electric 
system.  The Agreement may be used as a supplement to or in lieu of public      
financing and short-term debt programs for which Applicant currently has        
authority from the Commission.                                                  

EX-99
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THE COMMISSION, upon consideration of the application and having      
been advised by its Staff, is of the opinion and finds that approval of the     
application will not be detrimental to the public interest.  Accordingly,       
IT IS ORDERED:                                                        
  1)    That Applicant is authorized to enter into the Competitive Advance
and Revolving Credit Facility Agreement, together with its affiliates, for up to
a maximum aggregate principal of $300 000 000 at any one time, from the date    
of this order through December 13, 1997, and that Applicant is authorized to    
make borrowings under the Agreement up to a maximum of $84 000 000, under       
the terms and conditions and for the purposes set forth in the application;     
 2)    That Applicant is authorized to pledge as security for borrowings
under the Agreement its ownership of stock in its subsidiary, Allegheny         
Generating Company, under the terms and conditions and for the purposes set     
forth in the application;                                                       
3)    That approval of the application does not preclude the          
Commission from applying the provisions of SS 56-78 and 56-80 of the Code       
of Virginia;                                                                    

4)    That the Commission reserves the right to examine the books and 
records of any affiliate, whether such affiliate is regulated by this           
Commission, in connection with the authority granted herein, pursuant to        
S 56-79 of the Code of Virginia;                                                

EX-99
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5)    That approval of the application shall have no implications for 
ratemaking purposes;                                                            
6)    That within 15 days of the execution of the Agreement, Applicant
shall file a preliminary report of action stating the date of execution of the  
Agreement and preliminary list of lenders participating in the Agreement;       
7)    That after the first borrowing made under the Agreement,        
Applicant shall file a semi-annual report of action within 30 days of the end of
the second and fourth calendar quarters to include the beginning outstanding    
balance, the total amount of new issuances and repayments during the quarter,   
a list describing any permanent debt instruments issued to reduce outstanding   
balances, the average balance and average effective rate during each month,     
and the maximum daily outstanding during each month;                            
8)    That Applicant shall file a Final Report of Action on or before 
February 28, 1998, including the same information required by ordering          
paragraph (7); and                                                              
9)    That this matter shall be continued, subject to the continuing  
review, audit and appropriate directive of the Commission.                      

AN ATTESTED COPY hereof shall be sent to Applicant care Philip J.     
Bray, Esquire, The Potomac Edison Company, 10435 Downsville Pike,               
Hagerstown, MD  21740-1766,  and to the Division of Economics & Finance of      
the Commission.                                                                 

A True Copy                         
Teste:          WILLIAM J. BRIDGE   
        Clerk of the
                        State Corporation Commission

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘POS AMC’ Filing		Date		First		Last			Other Filings
		2/28/98		3
		12/31/97		1					10-K/A,  10-K405
		12/13/97		2
Filed on:		5/25/94
		12/13/93		1
		10/25/93		1
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