Monongahela Power Co/OH – ‘POS AMC’ on 4/4/94 – EX-99

As of:  Monday, 4/4/94   ·   Accession #:  67646-94-20   ·   File #:  70-06179

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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     Pleasants Post-Effective Amendment No. 7               3      9K 
 2: EX-99       Maryland Application                                  13     29K 
 6: EX-99       Maryland Order                                         2     12K 
 3: EX-99       Ohio Application                                      17     57K 
 7: EX-99       Ohio Order                                             3     14K 
 8: EX-99       Pennsylvania Order                                     2     11K 
 4: EX-99       Pennsylvania Securities Certificate (Application)     39    111K 
 5: EX-99       Virginia Application                                   7     25K 
 9: EX-99       Virginia Order                                         2     11K 

EX-99   —   Virginia Order

EX-99
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                                                  Exhibit D-9(a)

                  COMMONWEALTH OF VIRGINIA
                STATE CORPORATION COMMISSION

                                              AT RICHMOND, DECEMBER 21, 1993

APPLICATION OF                                                                  
THE POTOMAC EDISON                                                              
                                                      CASE NO. PUF930061

For authority to refinance certain                                              
debt and preferred stock                                                        

                ORDER GRANTING AUTHORITY

On December 2, 1993, The Potomac Edison Company ("Applicant" or 
"Company") filed an application under Chapter 3 of Title 56 of the Code of      
Virginia requesting authority to refinance certain debt and preferred           
stock issues prior to maturity.  Applicant paid the requisite fee of $250.      

Applicant has filed with the Securities and Exchange Commission 
(SEC) pursuant to Rule 415 ("shelf registration") for authority to issue        
$195 000 000 of first mortgage bonds and $15 000 000 of preferred stock in      
one or more series.  Applicant also proposes to refinance $21 000 000 of        
pollution control bonds with the Pleasant County Commission of West             
Virginia.  Applicant proposes to redeem the following high coupon issues:       
the 9-1/4% Series due 2019, the 9-5/8% Series due in 2020, the 8-7/8%           
Series due 2021, and the Pleasant County 7.30% Series B.  Applicant also        
proposes to issue preferred stock to redeem the $8.32 Series F and $8.00        
Series G currently outstanding.  Applicant states that the securities will      
be issued only when market conditions exist that will result in cost            
savings after considering the costs of the new issue.  The expected             
maturity of the bonds will be up to thirty (30) years, and the preferred        
stock may be perpetual or have a fixed maturity.  Interest rates and            
dividend rates will be determined at the time of issuance and will be           
market based.                                                                   

THE COMMISSION, upon consideration of the application and       
representations of Applicant, and having been advised by its Staff, is of       
the opinion that approval of the described financing will not be                
detrimental to the public interest.  Accordingly,                               

EX-99
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IT IS ORDERED:                                                  
   1)  That Applicant hereby is authorized to issue up to $195 000 000
in first mortgage bonds, up to $21 000 000 in pollution control bonds, and      
up to $15 000 000 in preferred stock, between January 1, 1994 and               
December 31, 1995, under the terms and conditions and for the purposes as       
set forth in the application;                                                   
   2)  That Applicant shall file on or before January 31, 1994, a copy
of the Registration Statements and Exhibits filed with the SEC;                 
3)  That Applicant shall submit a preliminary Report of Action  
within seven days after the issuance of any securities pursuant to this         
Order to include the date(s) of issue, amount of issue, type of security,       
interest rate, comparable Treasury yield,  date of maturity, underwriters'      
names, and net proceeds to Applicant;                                           
    4)  That within sixty days after the end of each calendar quarter in
which any securities are issued, Applicant will file a detailed Report of       
Action containing the following: a detailed analysis of the savings due to      
the new issue, showing the effective cost rate (annual yield to maturity        
method) of the redeemed issue compared to the new issue, the date(s) of         
issue, amount issued, coupon interest rate, comparable Treasury yield,          
sinking fund schedule, date of maturity, any redemption or call                 
provisions, underwriters' names, underwriters' fees, a detailed account of      
all issuance expenses to date, net proceeds to Applicant, and remaining         
unissued authority;                                                             
   5)  That Applicant shall file a final report of action on or before
March 15, 1996, containing the information required in ordering                 
paragraph (4);                                                                  
  6)  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 of, Philip
J. Bray, Esquire, The Potomac Edison Company, 10435 Downsville Pike,            
Hagerstown, MD  21740-1766, and to the Division of Economics and Finance        
of the Commission.                                                              

                    A True Copy        WILLIAM J. BRIDGE
                    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
		3/15/96		2
		12/31/95		2					10-K405
Filed on:		4/4/94
		1/31/94		2
		1/1/94		2
		12/21/93		1
		12/2/93		1
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