UNITED STATES 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 May 12, 2006 (May 8, 2006) 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 (Commission File (IRS Employer of Incorporation) Number) Identification No.) 800 Cabin Hill Drive Greensburg, Pennsylvania 15601-1689 (Address of principal executive of offices) (Zip code) Registrant's telephone number, including area code: (724) 837-3000 N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT. On May 8, 2006, Allegheny Energy, Inc. (the "Company") announced the departure from the Company of John P. Campbell, former President of Allegheny Energy Supply Company, LLC, a majority-owned subsidiary of the Company. An Employment Agreement, dated as of January 1, 2006, between Mr. Campbell and Allegheny Energy Services Corporation, a wholly owned subsidiary of the Company ("AESC"), for itself and as agent for the Company (the "Employment Agreement"), was previously filed with the Securities and Exchange Commission as an exhibit to the Company's Current Report on Form 8-K filed January 6, 2006. Although Mr. Campbell's employment under the Employment Agreement has been terminated effective as of June 7, 2006, certain provisions of the Employment Agreement by their terms survive such termination. 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. Dated: May 12, 2006 By: /s/ Hyun Park ------------------------------------- Name: Hyun Park Title: Vice President and General Counsel