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DUKE POWER COMPANY TO REDEEM BONDS

 DUKE POWER COMPANY TO REDEEM BONDS
 CHARLOTTE, N.C., Jan. 10 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


today said that on Feb. 10, the company will redeem its 9 3/4 percent Series of first and refunding mortgage bonds, due 2004. Bondholders will receive $1,040.30 for each $1,000 certificate, plus accrued interest to that date.
 The call notice for the issue was mailed to bondholders Jan. 10.
 Duke will use the proceeds from $100 million of 12-year medium-term notes, priced Jan. 8 and Jan. 9, to refund the 9 3/4 percent Series.
 -0- 1/10/92
 /CONTACT: Randy Wheeless, 704-382-8379, or Malcolm Niven, 704-373-7066, both of Duke Power Co./
 (DUK) CO: Duke Power Co. ST: North Carolina IN: UTI SU:


CM -- CH001 -- 8526 01/10/92 09:18 EST
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Publication:PR Newswire
Date:Jan 10, 1992
Words:133
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