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HAGERSTOWN, Md., May 3, 2002 -- Allegheny Energy Supply Co., LLC, the generation and trading subsidiary of Allegheny Energy Inc., has closed on a new revolving credit facility totaling $965 million, consisting of a 364-day tranche and a three-year tranche.
The revolving credit facility will be available for the issuance of letters of credit, to support Allegheny Energy Supply's commercial paper program, and for general corporate borrowing purposes.
Citibank, N.A. acted as the administrative agent for the facility. Bank One, N.A. is the letter of credit issuing bank. Salomon Smith Barney, Inc. and Banc One Capital Markets, Inc. are co-lead arrangers and co-book managers.
With headquarters in Hagerstown, Md., Allegheny Energy is an integrated Fortune 500 energy company with a balanced portfolio of businesses, including Allegheny Energy Supply, a national energy merchant which owns and operates electric generating facilities and supplies energy and energy-related commodities in selected domestic retail and wholesale markets; Allegheny Power, which delivers low-cost, reliable electric and natural gas service to about three million people in Maryland, Ohio, Pennsylvania, Virginia, and West Virginia; and a business segment offering fiber-optic and data services, energy procurement and management, and energy services. More information about the Company is available at www.alleghenyenergy.com.
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