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CEI to Redeem First Mortgage Bonds

INDEPENDENCE, Ohio, Sept. 29 /PRNewswire/ -- The Cleveland Electric Illuminating Company said today it will redeem on Oct. 24, 1997 First Mortgage Bonds, 9-1/4 percent Series due 2009.

Holders of the Bonds will receive a redemption price of 102.19 percent for each $1,000 principal amount of Bonds, plus accrued interest from May 1, 1997. Bonds must be presented to The Chase Manhattan Bank as trustee.

The Cleveland Electric Illuminating Company is a subsidiary of Centerior Energy Corp. (NYSE: CX), an electric utility holding company based in Independence, Ohio.

SOURCE Cleveland Electric Illuminating Company
 -0- 09/29/97

/CONTACT: Share Owners, Janis Percio, 216-447-2312, or News Media, Scott Linabarger, 216-447-2712, or after hours, 216-623-1060, both of the Cleveland Electric Illuminating Company/


CO: Cleveland Electric Illuminating Company; Centerior Energy Corp. ST: Ohio IN: OIL SU:

JC-MS -- CLM013 -- 7655 09/29/97 13:14 EDT
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Publication:PR Newswire
Date:Sep 29, 1997
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