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APPALACHIAN POWER TO REDEEM PREFERRED STOCK ISSUE

 ROANOKE, Va., March 31 /PRNewswire/ -- Appalachian Power Company today announced that on May 1 it will redeem all 32,500 outstanding shares of its $2.65 preferred stock.
 Redemption price for the preferred is $25 per share and will be paid by check upon presentation of the shares called for redemption. The quarterly dividend of $0.6625 per share will be paid separately by check mailed in the usual manner.
 This redemption is being made under terms of the sinking fund established for retirement of the issue, which requires Appalachian Power to redeem 5 percent of this series (80,000 shares) on May 1 each year.
 Sinking fund agent is First Chicago Trust Company of New York, Inc.
 Appalachian Power is an operating electric utility subsidiary of American Electric Power Company (NYSE: AEP), Columbus, Ohio.
 -0- 3/31/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, American Electric Power, 614-223-1650/
 (AEP)


CO: Appalachian Power Company ST: Virginia IN: UTI SU:

BM -- CL009 -- 1493 03/31/93 12:17 EST
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Publication:PR Newswire
Date:Mar 31, 1993
Words:171
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