Exhibit 99.1



800 Cabin Hill Drive, Greensburg, PA 15601-1650   
Media contact:    Investor contact:
David Neurohr    Max Kuniansky
Director, External Communications    Executive Director, Investor Relations
Phone: (724) 838-6020   

and Corporate Communications

Media Hotline: 1-888-233-3583    Phone: (724) 838-6895
E-mail: dneuroh@alleghenyenergy.com    E-mail: mkunian@alleghenyenergy.com


Allegheny Energy Reports Fourth Quarter, Full Year 2009 Financial Results

GREENSBURG, Pa., February 5, 2010

— Allegheny Energy, Inc. (NYSE: AYE) today reported financial results for the fourth quarter and full year 2009.

Consolidated Net Income Attributable to Allegheny Energy, Inc.


     $ millions    Per share
Three Months Ended December 31    2009    2008    2009    2008


   $ 109.3    $ 16.2    $ 0.64    $ 0.10


     112.7      87.1      0.66      0.51
Twelve Months Ended December 31                    


   $ 392.8    $ 395.4    $ 2.31    $ 2.33


     396.6      391.1      2.33      2.30

Adjusted net income for the fourth quarter of 2009 excludes $13.4 million of pre-tax interest expense related to a debt tender offer and unrealized pre-tax gains of $7.9 million from economic hedges that do not qualify for hedge accounting. Adjusted net income for the fourth quarter of 2008 excludes $116.3 million of unrealized pre-tax losses on economic hedges.

Adjusted net income is a non-GAAP financial measure. For information on the calculation of adjusted net income for all periods, see the attached reconciliations of non-GAAP financial measures.

“In 2009 we remained solidly profitable, despite difficult economic conditions,” said Paul J. Evanson, Chairman, President and Chief Executive Officer of Allegheny Energy. “During the year, we made great progress constructing our TrAIL transmission line. We also completed a $1.3 billion scrubber program on time and under budget, reached an agreement to sell the Virginia delivery business, and kept O&M spending flat for the fourth consecutive year. Looking forward, we believe we are well-positioned to benefit from economic recovery. In the meantime, we’ll stay focused on cost control and financial flexibility.”



The following information was filed by Allegheny Energy, Inc (AYE) on Friday, February 5, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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