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PHILADELPHIA ELECTRIC ANNOUNCES REDEMPTION OF FIRST AND REFUNDING MORTGAGE BONDS

 PHILADELPHIA ELECTRIC ANNOUNCES REDEMPTION OF
 FIRST AND REFUNDING MORTGAGE BONDS
 PHILADELPHIA, Sept. 11 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) announced today that the trustee has completed the mailing of the notices of redemption to the holders of four issues of First and Refunding Mortgage Bonds as follows: the $100 million 12-1/8 Percent Series due 2016 at 108.65 percent, the $100 million 11 Percent Series due 1997 at 103.15 percent, the $100 million 10 Percent Series due 1997 at 104.45 percent and the $100 million 9-1/8 Percent Series due 2006 at 103.28 percent.
 The redemption date for these Mortgage Bond issues is Oct. 15, 1992.
 The company said it intends to mail notices of redemption, on Sept. 25, 1992, to the holders of the $150 million 10-1/4 Percent Series due 2016 at 107.94 percent. The redemption date for this issue of Mortgage Bonds is Nov. 1, 1992.
 All redemption prices include accrued interest.
 /delval/
 -0- 9/11/92
 /CONTACT: Bill Jones of Philadelphia Electric, 215-841-4129/
 (PE) CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU:


LJ -- PH033 -- 8577 09/11/92 15:45 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:191
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