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MONONGAHELA POWER $25 MILLION FIRST MORTGAGE BONDS 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 MONONGAHELA POWER $25 MILLION FIRST MORTGAGE BONDS 'AA-' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Aug. 25 /PRNewswire/ -- Monongahela Power Co.'s $25 million 7.25 percent first mortgage bonds due 2007 are rated 'AA-' by Fitch. The issue is a takedown from a previously rated shelf registration.
 The rating reflects favorable regulatory treatment of the company's Clean Air Act (CAA) compliance strategy, the company's sound credit fundamentals, and the Allegheny Power System's operating strengths. The rating assumes constructive rate treatment of the company's next request for a base rate increase unrelated to CAA revenue requirements which should be reflected sometime in 1993.
 Monongahela Power is a wholly owned operating subsidiary of the Allegheny Power System, Inc. The Allegheny Power System plans to comply with 1990 Clean Air Act phase I requirements by building three scrubbers at its mine-mouth Harrison plant at a total cost of $726.6 million including AFUDC. Monongahela's share of these costs is $181.9 million.
 -0- 8/25/92
 /CONTACT: Josephine Zeppieri, CFA of Fitch, 212-908-0575/
 (AYP) CO: Monongahela Power Co. ST: New York IN: UTI SU: RTG


LR -- NY049 -- 3036 08/25/92 12:26 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
Words:192
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