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PE DECLARES DIVIDENDS ON PREFERRED STOCK

 PE DECLARES DIVIDENDS ON PREFERRED STOCK
 PHILADELPHIA, May 29 /PRNewswire/ -- Directors of Philadelphia


Electric Company (NYSE: PE) today declared dividends on all series of preferred stock, payable Aug. 1, 1992, to shareholders of record at the close of business June 24, as follows:
 Series Amount Per Share
 $9.875 Series.....................$2.46-7/8
 $9.52 Series.....................$2.38
 $9.50 Series.....................$2.37-1/2
 $8.75 Series.....................$2.18-3/4
 $7.85 Series.....................$1.96-1/4
 $7.80 Series.....................$1.95
 $7.75 Series.....................$1.93-3/4
 $7.325 Series.....................$1.83-1/8
 $7 Series.....................$1.75
 $4.68 Series.....................$1.17
 $4.4 Series.....................$1.10
 $4.3 Series.....................$1.07-1/2
 $3.8 Series.....................$0.95
 Stated Rate
 Auction Series A ..............$2.6875
 /delval/
 -0- 5/29/92
 /CONTACT: Neil McDermott of Philadelphia Electric, 215-841-4122/
 (PE) CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU: DIV


LJ -- PH028 -- 5194 05/29/92 13:07 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:May 29, 1992
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