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APPALACHIAN POWER TO REDEEM PREFERRED STOCK

 COLUMBUS, Ohio, Oct. 21 /PRNewswire/ -- Appalachian Power Company (APCo) today announced that it will redeem all outstanding shares of two issues of preferred stock on Nov. 21, 1993.
 8.12 Percent Preferred Stock
 The redemption price for the 8.12 percent Series is $102.31 per share plus a sum computed at the annual dividend rate per share from Nov. 1 to the redemption date.
 8.52 Percent Preferred Stock
 The redemption price for the 8.52 percent Series is $103.13 per share plus a sum computed at the annual dividend rate per share from Nov. 1 to the redemption date.
 The quarterly dividend due and payable Nov. 1 on both series will be paid by check mailed to the shareowners in the usual manner. The preferred stock redemptions are being made under terms of the stock which permit them to be redeemed at any time.
 Notices of redemption are expected to be mailed on or before Oct. 22, 1993 to shareowners of record. First Chicago Trust Company of New York is the redemption agent for these series of preferred stock.
 APCo, headquartered in Roanoke, Va., is an operating electric utility subsidiary of American Electric Power Company, Inc., (NYSE: AEP).
 -0- 10/21/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, of American Electric Power Company, 614-223-1650/
 (AEP)


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

LC-BM -- CL044 -- 5474 10/21/93 17:10 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:239
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