SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 July 28, 2003 Date of report (Date of earliest event reported) ALLEGHENY ENERGY, INC. (Exact name of registrant as specified in charter)
Maryland	1-267		13-5531602
(State or Other Jurisdiction of Incorporation)	(Commission File Number)		(IRS Employer Identification No.)
10435 Downsville Pike Hagerstown, Maryland (Address of principal executive of offices)		21740-1766 (Zip code)
Registrants telephone number including area code:    (301) 790-3400
N/A (Former Name or former address if changed since last report)

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Item 1-6.		Not applicable
Item 7.		Exhibit(s)     The following exhibit is filed herewith pursuant to Item 9:
	Exhibit 99      Press Release Issued by Allegheny Energy, Inc. on July 28, 2003      announcing that its Allegheny Trading Finance unit has signed a      definitive agreement to sell its energy supply contract with the California      Department of Water Resources (CDWR) and associated hedge      transactions to J. Aron & Company, the commodity trading subsidiary of      Goldman Sachs Group (NYSE:GS), for $405 million. The sale price is      subject to adjustment (up or down) based both upon changes in the mark-      to-market value at closing and upon the number of trades to be assumed      by J. Aron. Proceeds from the sale will be used to reduce debt and      improve liquidity, as well as to fund the cost of continuing to reduce the      Company's financial exposure to energy trading.
Item 8.	Not applicable.
Item 9.		Regulation FD Disclosure      The information in this report, including the exhibits, is being furnished      pursuant to Item 9 and shall not be deemed "filed" for purposes of      Section 18 of the Securities Exchange Act of 1934.      Press Release Issued by Allegheny Energy, Inc. on July 28, 2003      announcing that its Allegheny Trading Finance unit has signed a      definitive agreement to sell its energy supply contract with the California      Department of Water Resources (CDWR) and associated hedge      transactions to J. Aron & Company, the commodity trading subsidiary of      Goldman Sachs (NYSE:GS), for $405 million. The sale price is subject      to adjustment (up or down) based both upon changes in the mark-to-      market value at closing and upon the number of trades to be assumed by      J. Aron. Proceeds from the sale will be used to reduce debt and improve      liquidity, as well as to fund the cost of continuing to reduce the      Company's financial exposure to energy trading.
Item 10-12.	Not applicable.

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SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALLEGHENY ENERGY, INC.

By:          /S/ DAVID B. HERTZOG
Name:     David B. Hertzog
Title:       Vice President and General Counsel
               Allegheny Energy, Inc.

DATED:  July 30, 2003

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EXHIBIT INDEX

Exhibit Number

Description

99

Press Release Issued by Allegheny Energy, Inc. on July 28, 2003 announcing that its Allegheny Trading Finance unit has signed a definitive agreement to sell its energy supply contract with the California Department of Water Resources (CDWR) and associated hedge transactions to J. Aron & Company, the commodity trading subsidiary of Goldman Sachs (NYSE:GS), for $405 million. The sale price is subject to adjustment (up or down) based both upon changes in the mark-to-market value at closing and upon the number of trades to be assumed by J. Aron. Proceeds from the sale will be used to reduce debt and improve liquidity, as well as to fund the cost of continuing to reduce the Company's financial exposure to energy trading.