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APPALACHIAN POWER TO REDEEM TWO SERIES OF BONDS

 ROANOKE, Va., Nov. 20 ~PRNewswire~ -- Appalachian Power Company today announced that it will redeem on Jan. 1, 1993, the entire $60 million of its outstanding 9-3~4 percent first mortgage bonds due 2006 and the entire $70 million of its outstanding 9-1~2 percent first mortgage bonds due 2006.
 The redemption price for the 9-3~4 percent series will be 103.75 percent of their principal amount plus accrued interest to the date of redemption, and for the 9-1~2 percent series will be 103.34 percent of their principal amount, plus accrued interest to the date of redemption.
 The action is being taken under terms of the mortgage under which the bonds were issued, which permit Appalachian to redeem the bonds prior to maturity.
 The notice of redemption is expected to be mailed on or before Nov. 30 to holders of record. Bankers Trust Company, New York, is the redemption agent and trustee.
 Appalachian Power is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP), Columbus, Ohio.
 -0- 11~20~92
 ~CONTACT: Luke M. Feck of American Electric Power, 614-223-1650~
 (AEP)


CO: Appalachian Power; American Electric Power ST: Ohio, Virginia IN: UTI SU:

KK -- CL011 -- 3444 11~20~92 14:34 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:207
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