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DUKE POWER DECLARES QUARTERLY DIVIDEND

 DUKE POWER DECLARES QUARTERLY DIVIDEND
 CHARLOTTE, N.C., July 27 /PRNewswire/ -- Duke Power Co.'s


(NYSE: DUK) board of directors voted to increase the quarterly cash dividend on the company's common stock to 45 cents a share -- up from its present level of 43 cents a share. The dividend is payable on Sept. 16, 1992, to shareholders of record on Aug. 14, 1992.
 This is the 66th consecutive year that the utility has paid quarterly cash dividends on its common stock and the 17th consecutive year the board has raised the quarterly dividend.
 The utility's board of directors also announced that the company will be paying quarterly dividends on its preferred stock on Sept. 16 to shareholders of record on August 14.
 -0- 7/27/92
 /CONTACT: Randy Wheeless, Duke Power Company, 704-382-8379 or 704-535-8743 (home)/
 (DUK) CO: Duke Power Company ST: North Carolina, South Carolina IN: UTI SU: DIV


JZ -- CH007 -- 3627 07/27/92 15:43 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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