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MONONGAHELA POWER $65M 8.5 PERCENT FIRST MORTGAGE BONDS 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

MONONGAHELA POWER $65M 8.5 PERCENT FIRST MORTGAGE BONDS 'AA-' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 28 /PRNewswire/ -- Monongahela Power Co.'s $65 million 8.5 percent first mortgage bonds due 2022 are rated "AA-" by Fitch. This issue is a takedown from a previously rated shelf registration. The credit trend is stable.
 The ratings reflect favorable regulatory treatment of the company's Clean Air Act (CAA) compliance strategy, the company's sound credit fundamentals, and the parent Allegheny Power System, Inc.'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 in rates sometime in 1993.
 Monongahela Power is a wholly owned operating subsidiary of the Allegheny Power System. 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- 5/28/92
 /CONTACT: Josephine Zeppieri of Fitch, 212-908-0575/
 (AYP) CO: Monongahela Power Co.; Allegheny Power System ST: New York IN: UTI SU: RTG


TS -- NY056 -- 4769 05/28/92 12:47 EDT
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Publication:PR Newswire
Date:May 28, 1992
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