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KENTUCKY POWER TO REDEEM ENTIRE 8-7/8 PERCENT SERIES DUE 2006

 ASHLAND, Ky., March 25 /PRNewswire/ -- Kentucky Power Company today announced that it will redeem on May 1, 1993, all of the outstanding of its first mortgage bonds 8-7/8 percent Series due 2006.
 Kentucky will redeem $6,642,000 of its 8-7/8 percent Series due 2006 at the special redemption price of 101.16 percent of the 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 Kentucky to redeem the bonds with funds deposited with the Trustee.
 Kentucky will also redeem on May 1 the remaining then-to-be outstanding $23,358,000 principal amount of its 8-7/8 percent Series due 2006 at the regular redemption price of 103.46 percent of the principal amount plus accrued interest to the date of redemption. This action is being taken under terms of the Mortgage under which the bonds were issued which permit Kentucky to redeem the bonds prior to maturity.
 The notice of redemption is expected to be mailed on or before April 1, 1993. Bankers Trust Company, New York, is the redemption agent and trustee.
 Kentucky Power is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP), Columbus, Ohio.
 -0- 3/25/93
 /CONTACT: Luke M. Feck, Senior Vice President-Public Affairs, American Electric Power, 614-223-1650/
 (AEP)


CO: Kentucky Power Company ST: Kentucky IN: UTI SU:

BM -- CL014 -- 9617 03/25/93 13:04 EST
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Publication:PR Newswire
Date:Mar 25, 1993
Words:247
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