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 — Pennsylvania Order
| EX-99 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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PENNSYLVANIA
PUBLIC UTILITY COMMISSION
Harrisburg, PA 17105-3265
Public Meeting held December 2, 1993
Commissioners Present:
David W. Rolka, Chairman
Joseph Rhodes, Jr., Vice-Chairman
John M. Quain
Lisa Crutchfield
John Hanger
Securities Certificate of West Penn Power S-930395
Company for the issuance of notes, not to
exceed the aggregate principal amount of
$43,035,000, in support of tax-exempt Bonds
OPINION AND ORDER
BY THE COMMISSION:
On November 5, 1993, West Penn Power Company (West
Penn) filed for registration pursuant to Chapter 19 of
the Pennsylvania Public Utility Code, 66 Pa. C.S. Section
1901, et seq., a securities certificate for the issuance
of Notes, not to exceed the aggregate principal amount of
$43,035,000 in support of tax-exempt bonds (Bonds).
The Notes will be issued concurrently with the
issuance of up to $11.535 million of tax-exempt solid
waste disposal revenue bonds (Revenue Bonds) to be issued
by the County Commission of Harrison County, West
Virginia, and $31. 5 million of tax-exempt pollution
control refunding bonds (Refunding Bonds) to be issued by
Pleasants County, West Virginia.
The Bonds will be sold in one or more series
throughout 1994, with principal amounts, interest rates,
prices, and other terms being approved by West Penn.
Redemption provisions may include a special right of the
holder to require redemption or repurchase of the Bonds
at stated intervals. Concurrently with the issuance of
the Bonds, West Penn will issue Notes that correspond
with the terms of the Bonds. Market conditions at the
time of the offering may warrant the issuance of the
Notes and Bonds with floating interest rates during all
or a stated portion of the life of the issuance.
The proceeds from the Revenue Bonds will be used by
West Penn to fund its ownership share of certain solid
waste handling and disposal facilities which are required
at the Harrison Power Station in West Virginia for
compliance with Phase I of the Clean Air Act Amendments
of 1990. The proceeds from the Refunding Bonds will be
used by West Penn for the optional redemption of $31.5
million of Pleasant County non-revenue producing
pollution control bonds.
After examination of the filing, the Commission has
determined that the proposed issuance appears to be
necessary or proper for the present and probable future
capital needs of the utility, and that the securities
certificate should be registered; THEREFORE,
IT IS ORDERED:
1. That the securities certificate of West Penn
Power Company for the issuance of Notes, not to exceed
the principal amount of $43,035,000 in support of
tax-exempt bonds, is hereby registered.
2. That West Penn Power Company file with this
Commission within 60 days after completion of the
issuance described in Ordering Paragraph No. 1, above, a
statement setting forth the: (a) the date of issuance and
maturity date; (b) the amount of proceeds received; and
(c) the interest rate of the securities issued.
BY THE COMMISSION,
/s/ John G. Alford
Secretary
[ SEAL ]
ORDER ADOPTED: December 2, 1993
ORDER ENTERED: December 2, 1993
Dates Referenced Herein
| Referenced-On Page |
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| This ‘POS AMC’ Filing | | Date | | First | | Last | | | Other Filings |
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| |  |
| Filed on: | | 4/4/94 | | | | | | | None on these Dates |
| | 12/2/93 | | 1 | | 2 |
| | 11/5/93 | | 1 |
| List all Filings |
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