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APPALACHIAN POWER TO REDEEM ENTIRE BOND SERIES

 APPALACHIAN POWER TO REDEEM ENTIRE BOND SERIES
 ROANOKE, Va., April 21 /PRNewswire/ -- Appalachian Power Company


today announced that it will redeem on June 1 the entire $20 million of its outstanding 10-1/8 percent first mortgage bonds dues 1995.
 The redemption price will be 100.94 percent of the principal amount of the bonds. Interest payable on June 1 will be mailed to bondholders in the usual manner.
 The action is being taken under terms of the mortgage under which the bonds were issued, which permit Appalachian to redeem the bonds prior to maturity.
 The notice of redemption is expected to be mailed on or before April 30 to holders of record. Bankers Trust Company, New York, is the redemption agent and trustee.
 In addition, on or before April 30, 1992, Appalachian will deposit approximately $53.3 million with Bankers Trust Company to satisfy certain requirements under its mortgage. Appalachian anticipates that such funds may be used to prepay and retire other outstanding high coupon first mortgage bonds during 1992.
 Appalachian Power is an operating electric utility subsidiary of American Electric Power Company, Columbus.
 -0- 4/21/92
 /CONTACT: Luke M. Feck, senior vice president of American Electric Power, 614-223-1650/ CO: American Electric Power Service Corporation ST: Virginia IN: UTI SU:


CG -- CL021 -- 0785 04/21/92 15:02 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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