Financial Astrology of Allegheny Energy, Inc.

FINANCIAL ASTROLOGY

First Trade Date for Allegheny Energy, Inc.

Company Name	First Trade Date (yyyy-mm-dd)
Allegheny Energy, Inc.	1948-01-19

Company Name	Symbol
Allegheny Energy, Inc.	AYE
History and Business of Company (this information may include date of incorporation)
Allegheny Energy, Inc. (AE) was incorporated in Maryland in 1925. AE is registered as a holding company under the Public Utility Holding Company Act of 1935 (PUHCA). It is a diversified utility holding company that has experienced significant changes in its business in the states in which its subsidiaries operate. As deregulation of electric generation has been implemented, AE's subsidiaries have transferred their generating assets, excluding Monongahela Power Company's (Monongahela) West Virginia jurisdictional generating assets, from their regulated utility businesses to Allegheny Energy Supply Company, LLC (AE Supply), an affiliated, unregulated (i.e., not subject to state rate regulation) generation business, in accordance with approved deregulation plans. AE operates primarily through various directly and indirectly owned regulated and unregulated subsidiaries (collectively and generically, Allegheny, we, us, or our). In 2002, AE aligned its businesses into two segments: 1. The Generation and Marketing segment comprises our power generation operations, which are generally unregulated (other than Monongahela's West Virginia jurisdictional generating assets), and our power marketing activities. 2. The Delivery and Services segment comprises our regulated electric and natural gas transmission and distribution (T&D) operations and includes other unregulated operations not related to power generation and T&D.

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