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PHILADELPHIA ELECTRIC ISSUES ANNOUNCEMENT REGARDING REDEMPTION OF 9-5/8 PERCENT FIRST AND REFUNDING MORTGAGE BONDS

 PHILADELPHIA ELECTRIC ISSUES ANNOUNCEMENT REGARDING
 REDEMPTION OF 9-5/8 PERCENT FIRST AND REFUNDING MORTGAGE BONDS
 PHILADELPHIA, Aug. 4 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) announced that the trustee has completed the mailing of the notices to the holders for redemption on Sept. 1, 1992, of all $100 million 9-5/8 percent First and Refunding Mortgage Bonds due 2002.
 The redemption price for the 9-5/8 percent First and Refunding Mortgage Bonds is 103.46 percent plus accrued interest.
 /delval/
 -0- 8/4/92
 /CONTACT: Bill Jones of Philadelphia Electric, 215-841-4129/
 (PE) CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU:


CC -- PH033 -- 6831 08/04/92 17:06 EDT
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Publication:PR Newswire
Date:Aug 4, 1992
Words:109
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