(Source: Business Wire)
Allegheny Energy Supply Company, LLC ("AE Supply"), the power generation business of Allegheny Energy, Inc. (NYSE: AYE), announced today that the cash tender offer for its 7.80% Notes due 2011 and its 8.25% Notes due 2012 expired at midnight, New York City time, on September 4, 2009 (the "Expiration Date"). The aggregate principal amount of each series validly tendered is set forth in the table below.
CUSIP Title of Principal Number(s) Security Amount Tendered 017363AE2 & U01668AC3 8.25% Notes due 2012 $146,846,000 017363AD4 7.80% Notes due 2011 $97,483,000 -------------------------------------------------------------------------------
AE Supply has accepted all validly tendered notes and has paid the tender offer consideration, together with accrued and unpaid interest.
This release is neither an offer to purchase nor a solicitation for acceptance of the tender offer. The tender offer was made pursuant to the Offer to Purchase dated August 10, 2009, as amended. Persons with questions regarding the tender offer should contact the lead dealer manager, J.P. Morgan Securities Inc., at (866) 834-4666 (toll free) or (212) 834-3424 (collect), or Global Bondholder Services.
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 approximately 1.6 million customers in Pennsylvania, West Virginia, Maryland, and Virginia. For more information, visit our Web site at www.alleghenyenergy.com.
Forward-Looking Statements
In addition to historical information, this release contains a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as anticipate, expect, project, intend, plan, believe, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements.
