X0202 3 2007-05-18 0 0000003673 ALLEGHENY ENERGY, INC AYE 0001400191 Wahl William F C/O ALLEGHENY ENERGY, INC. 800 CABIN HILL DRIVE GREENSBURG PA 15601 0 1 0 0 VP, Controller and CAO Common Stock, $1.25 par value 427.5689 I ESOSP Stock Options (right to buy) 13.35 2014-02-18 Common Stock, par value $1.25 per share 4000 D Stock Options 20.60 2015-04-01 Common Stock, par value $1.25 per share 5000 D Held through the Allegheny Energy, Inc. Employee Stock Ownership and Savings Plan. These Stock Options will vest in equal installments on February 18, 2008 and February 18, 2009, provided in each case that Mr. Wahl is an employee of the Issuer on the applicable vesting date. Upon the occurrence of a change in control of the Issuer (as defined), all Stock Options will immediately vest. One-fifth of these Stock Options vested on April 1, 2006 and one-fifth vested on April 1, 2007. The remaining Stock Options included in this grant will vest in equal installments on each April 1 from 2008 through 2010, provided in each case that Mr. Wahl is an employee of the Issuer on the applicable vesting date. Upon the occurrence of a change in control of the Issuer (as defined), all Stock Options will immediately vest. /s/ Amanda J. Skov, Attorney-in-Fact 2007-05-22