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Allegheny Energy Announces Early Redemption of Debt

Allegheny Energy Announces Early Redemption of Debt


Published on 2010-07-16 13:01:00 - Market Wire
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GREENSBURG, Pa.--([ BUSINESS WIRE ])--Allegheny Energy, Inc. (NYSE: AYE) today announced thatAllegheny Energy Supply Company, LLC (aAE Supplya), its merchant power generation business, has completed the redemption of all its outstanding 7.80% Medium Term Notes due 2011.

AE Supply used cash on hand to pay the $150.5 million principal amount of the notes, accrued interest and an early redemption premium for a total cost of $161.6 million.

Allegheny Energy

Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned electric utility with total annual revenues of over $3 billion and more than 4,000 employees. The company owns and operates generating facilities and delivers low-cost, reliable electric service to 1.5 million customers in Pennsylvania, West Virginia and Maryland. For more information, visit our Web site at [ www.alleghenyenergy.com ].

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