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Monongahela Power Company and the Potomac Edison Company Both D/B/A Allegheny Power Company Case No. OS-1511-E-GI Consumer Advoc

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Monongahela Power Company and the Potomac Edison Company Both D/B/A Allegheny Power Company Case No. OS-1511-E-GI Consumer Advoc P3 Monongahela Power Company and The Potomac Edison Company both d/b/a Allegheny Power Company Case No. OS-1511-E-GI Consumer Advocate Division’s First Request for Information The following response to No. A-3 of the First Request for Information of the Consumer Advocate Division received on August 29,2008 has been prepared under the supervision of the person identified below. Name: Patricia A. Koos Title: Assistant Controller Company: Allegheny Energy Service Corporation Date: September 12,2008 Please provide answers for Monongahela Power Company (MP), The Potomac Edison Company (PE) (sometimes referred to together as “the Company”) and Allegheny Energy (“AE” or “Allegheny”) as appropriate. “Review period” means May 23, 2007, through June 30, 2008, and “Forecast period” means January 1, 2009, through December 3 1, 2009. A. GENERAL A-3 Please provide copies of the annual report to shareholders for 2007 for MP, PE and AE. Response: No Allegheny Energy, Inc. affiliate, including Monongahela Power Company and The Potomac Edison Company, prepares a separate annual report to shareholders. The 2007 Allegheny Energy, Inc. annual report to shareholders is being supplied in response to this question. See Attachment. Allegheny Energy FINANCIAL HIGHLIGHTS (millions, except per share amounts) Percent For years ended December 31, 2007 2006 Increase Operatingrevenues ................................................... $ 3,307 $3,121 6% Net income: GAAPbasis ..................................................... 412 319 29% As adjusted1 ..................................................... 385 308 25 % Diluted net income per share: GAM basis ..................................................... 2.43 1.89 29% Asadjustedl ..................................................... 2.26 1.83 23% Year-end stock price (per share) ......................................... 63.61 45.91 39% Year-end market capitalization2 ......................................... 10,637 7,592 40% 1 See reconciliation of non-GAM financial measures on page 184 2 Based on stock price and number of shares outstanding at year-end CONTENTS Page Business Overview .......................................... 5 Management's Discussion and Analysis ......................... 58 Financial Statements ......................................... 99 Directors and Executive Officers ............................... 174 Reconciliation of non-GAAP Financial Measures .................. 184 Investor Information ......................................... Inside back cover March 18,2008 To Our Stockholders: 2007 was another year of strong financial results and solid accomplishments for Allegheny Energy. We marked two major milestones: returning to an investment grade credit rating and reinstating our common stock dividend-objectives first adopted when we began restoring the company’s financial health nearly five years ago. Other achievements in the past year included: Earnings growth. We continued to improve profitability, increasing earnings per share by 23 percent compared to 2006 results on an adjusted basis. We also kept a sharp focus on cost control, holding operations and maintenance expense virtually flat compared to 2006 levels. Environmental improvements. Scrubber installation projects at the Hatfield’s Ferry and Fort Martin power stations remain on budget and on schedule for completion next year. A third environmental project at the Pleasants power station was completed on budget and on schedule in December. With the completion of these projects, we will have reduced sulfur dioxide emissions by over 70 percent. We also launched our Watt Watchers campaign to develop energy conservation and efficiency programs for customers. Transmission expansion. We initiated the regulatory approval process for the Trans-Allegheny Interstate Line (TrAIL). The proposed route for this $820 million transmission line spans our service territory, thereby requiring approvals in three states. We also started a second project, the Potomac-Appalachian Transmission Highline (PATH), which we will build as a joint venture with American Electric Power. Our investment is estimated at $1.2 billion. Scheduled for completion in 2011 and 2012, respectively, these lines are crucial to providing reliable electric service in our service territory and region. High performance. Our commitment to build a high performance culture continues to produce results. For example, Allegheny Power had its best safety performance in the history of the company in 2007, and we earned high customer satisfaction ratings in several national surveys. We completed a three-year program of extended planned outages at each of our supercritical generating units, and we’re confident that this program, together with our continuous improvement efforts, has put us on track for top-quartile power plant performance beginning this year. During the past year, PJM, the regional reliability organization, developed a generation capacity market to ensure adequate reserve margins going forward. These auctions will provide much-needed incentives for the construction of new power plants and will also be an important driver of our future earnings growth. In 2008, we will remain focused on growing earnings, becoming a stronger steward of the environment, embedding a high performance culture, and building shareholder value. Significant state regulatory issues-including approvals for the TrAIL project and recovery of purchased power costs in Virginia-must be addressed. At the federal level, the debate on global climate change will intensify, and we need to be, and are, active participants. I appreciate the support and confidence from you, our stockholders. During 2007, Allegheny common stock had a total return of 39 percent, making us one of the best performers in the industry. For the past five years your company’s stock has been the best performer in the Edison Electric Institute Index by a wide margin, with a total return of 744 percent, as well as the best in the Dow Jones U.S. Electricity Index. Our success would not have been possible without the hard work and dedication to excellence of our more than 4,000 employees. Working together, I am confident that we will remain a top-performing, high growth utility. Sincerely, Paul J. Evanson Chairman, President and Chief Executive Officer UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) of the SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31,2007 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) of the SECURITIES EXCHANGE ACT OF 1934 ALLEGHENY ENERGY,I INC. (Name of Registrant) Maryland 13-5531602 (State of Incorporation) (IRS Employer Identification Number) 800 Cabin Hill Drive, Greensburg, Pennsylvania 15601 (Address of Principal Executive Offices) (Zip Code) (724) 837-3000 (Telephone Number) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes a No c] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. 0 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes No 0 Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part I11 of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a small reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one). Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company 0 (Do not check if a smaller reporting company) Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No As of December 31,2007, 167,223,576 shares of the common stock, par value of $1.25 per share, of the registrant were outstanding. Documents Incorporated by Reference Portions of the Allegheny Energy, Inc, definitive Proxy Statement for its 2008 Annual Meeting of Stockholders are incorporated by reference to Part I11 of this Annual Report on Form 10-K. GLOSSARY I. The following abbreviations and terms are used in this report to identify Allegheny Energy, Inc. and its subsidiaries: ACC Allegheny Communications Connect, Inc., a subsidiary of Allegheny Ventures AE Allegheny Energy, Inc., a diversified utility holding company AESC Allegheny Energy Service Corporation, a subsidiary of AE AE Solutions Allegheny Energy Solutions, Inc., a subsidiary of Allegheny Ventures AE Supply Allegheny Energy Supply Company, LLC, an unregulated generation subsidiary of AE AGC Allegheny Generating Company, an unregulated generation subsidiary of AE Supply and Monongahela Allegheny Allegheny Energy, Inc., together with its consolidated subsidiaries Allegheny Ventures Allegheny Ventures, Inc., a nonutility, unregulated subsidiary of AE Distribution Companies Monongahela, Potomac Edison and West
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