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OHIO POWER TO REDEEM BONDS

 CANTON, Ohio, April 27 /PRNewswire/ -- Ohio Power Company today announced that it will redeem on June 1, 1993 the entire then-to-be outstanding $95,975,000 principal amount of the 9-7/8 percent Series due 1998 not previously called for redemption at 102.83 percent of the principal amount of the bonds together with accrued interest to the date of redemption, to be paid upon presentment.
 Interest due June 1 will be paid in the usual manner.
 Transfer books for this Series will be closed today. The notice of redemption is expected to be mailed on or before April 30, 1993 to holders of record.
 This redemption is in accordance with the terms of the mortgage under which the bonds were issued. The mortgage permits the company to redeem the bonds prior to maturity.
 Chemical Bank, New York, is the redemption agent and trustee.
 Ohio Power is one of seven operating companies of American Electric Power Co., Inc. (NYSE: AEP). Ohio Power, headquartered in Canton, Ohio, provides service to approximately 652,000 customers.
 -0- 4/27/93
 /CONTACT: Luke Feck of American Electric Power Co., 614-223-1650/
 (AEP)


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

BM -- CL025 -- 1549 04/27/93 15:56 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:204
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