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DUKE POWER CO. TO REDEEM SERIES G PREFERRED STOCK

 CHARLOTTE, N.C., May 14 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on June 16, the company will redeem all shares of its 8.20 percent Series G Cumulative Preferred Stock.
 The 8.20 percent Series G, with an outstanding par value of $60 million, will be redeemed at $101.00 per share, plus the previously declared dividend payable on June 16.
 A redemption notice for the issue will be mailed to all shareholders on May 14. Duke Power will act as the redemption agent. Address: Duke Power, Investor Relations, P.O. Box 1005, Charlotte, N.C. 28201-1005.
 Duke will use the proceeds from $60 million of 7.04 percent Series Y Cumulative Preferred Stock, priced May 5, to redeem the issue.
 -0- 5/14/93
 /CONTACT: Randy Wheeless of Duke Power Co., 704-382-8379 or (Home) 704-535-8743 or 704-594-0681/
 (DUK)


CO: Duke Power Co. ST: North Carolina IN: UTI SU:

MM -- CH002 -- 8459 05/14/93 08:32 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:161
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