The rating on West Penn Power Co. reflects the consolidated credit profile of parent Allegheny Energy Inc., which incorporates the credit quality of unregulated subsidiary Allegheny Energy Supply Co. LLC (AE Supply) and regulated utility subsidiaries West Penn, Monongahela Power Co., and Potomac Edison Co. Greensburg, Pa.-based Allegheny had $4.1 billion of debt as of Dec. 31, 2007. The consolidated rating on Allegheny reflects a strong business risk profile and an aggressive financial risk profile. The business risk profiles of Monongahela, Potomac, and West Penn are all considered excellent. The consolidated business profile is comprised of Allegheny's low-risk, regulated subsidiaries that generate stable cash flow; a phased transition, through higher capped prices, to markets in Pennsylvania, Maryland, and Virginia for
