Stable cash flow from regulated transmission and distribution operations, Low financial leverage and strong cash flow protection measures as a stand-alone entity, and Reasonable regulatory environment. Frozen generation rates through 2010, and High industrial demand concentration (40% of megawatt-hours sold). The rating on West Penn Power Co. reflects the consolidated credit profile of parent Allegheny Energy Inc., which incorporates the credit quality of utility subsidiaries, West Penn Power Co., Monongahela Power Co., and Potomac Edison Co., in conjunction with the higher business risk of unregulated generation subsidiary, Allegheny Energy Supply Co. LLC (AE Supply). Allegheny's consolidated credit quality reflects a strong business risk profile and an aggressive financial risk profile whereas West Penn's business risk profile is considered excellent. Greensburg,
