Allegheny Energy files $1.5 billion stock, debt, warrants, units, trust preferred shelf

New York, Feb. 5 - Allegheny Energy, Inc. filed a $1.5 billion shelf registration covering common stock, senior debt securities, subordinated debt securities, warrants, stock purchase contracts, units and trust preferred securities with the Securities and Exchange Commission.

The Hagerstown, Md. utility said it would use proceeds for general corporate purposes, which may include working capital, capital expenditures and the repayment of short-term and long-term borrowings.

For the nine months to Sept. 30, 2001, Allegheny Energy an earnings to fixed charge ratio of 3.80 times compared to 3.11 times for all of 2000.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.