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MONONGAHELA POWER $65 MILLION FIRST MORTGAGE BONDS RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 22 /PRNewswire/ -- Monongahela Power Co.'s $65 million 5.625 percent first mortgage bonds due 2000 are rated "AA-" by Fitch. This issue is a takedown from a previously rated shelf registration. Proceeds will be used to refund three outstanding first mortgage bonds issues, $30 million 7.875 percent due in 2002, $10 million 8.125 percent due in 1999 and $20 million 7.5 percent due in 1998.
 The ratings reflect 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 anticipates constructive rate treatment of the company's next base rate request unrelated to CAA revenue requirements which should be reflected sometime in 1994.
 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- 4/22/93
 /CONTACT: Josephine Zeppieri, CFA of Fitch, 212-908-0575.
 (AYP)


CO: Monongahela Power Co. ST: West Virginia IN: UTI SU: RTG

TS -- NY096 -- 9537 04/22/93 13:58 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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