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PUBLIC SERVICE COMPANY BOARD OF DIRECTORS DECLARES REGULAR QUARTERLY DIVIDEND

 GASTONIA, N.C., Jan. 29 /PRNewswire/ -- On Jan. 29, 1993, the Board of Directors of Public Service Company of North Carolina, Inc. (NASDAQ-NMS: PSNC) declared a regular quarterly cash dividend on the Company's Common Stock of 19 cents per share, payable April 1, 1993 to shareholders of record March 10, 1993. This cash dividend is adjusted for the 50 percent common stock dividend paid Jan. 4, 1993 and is the 141st consecutive quarterly cash dividend on the Company's Common Stock.
 At this same meeting, the Directors approved a resolution which named the Capital Management Group of First Union National Bank as the Company's Transfer Agent, Registrar and Dividend Disbursing Agent effective March 1, 1993. More information about this change will be included with the February 1993 mailing of fiscal 1993's first interim report to shareholders for the quarter ended Dec. 31, 1992.
 Public Service Company distributes natural gas to over 255,000 customers in 87 cities, towns and communities in a 26-county service territory ranging from the Raleigh, Durham and Chapel Hill areas in the northeast; the Concord, Statesville, Gastonia and Forest City areas in the Piedmont; to the Asheville, Hendersonville and Brevard areas in the western part of the state. Public Service Company, through its subsidiaries, also participates in oil and gas exploration and production and retails propane gas.
 -0- 1/29/93
 /CONTACT: Charles E. Zeigler, Jr., President and Chief Executive Officer, Public Service Company of North Carolina, Inc., 704-864-6731/
 (PSNC)


CO: Public Service Company of North Carolina, Inc. ST: North Carolina IN: UTI SU: DIV

MM -- CH010 -- 0751 01/29/93 12:20 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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