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COLUMBUS SOUTHERN POWER TO REDEEM BONDS

 COLUMBUS SOUTHERN POWER TO REDEEM BONDS
 COLUMBUS, Ohio, July 1 /PRNewswire/ -- Columbus Southern Power


Company, formerly Columbus and Southern Ohio Electric Company, today announced that on Aug. 10, 1992 it will redeem the entire outstanding $60,000,000 principal amount of its 11 percent bonds due 1997. CSP is an operating electric utility subsidiary of American Electric Power Company (NYSE: AEP).
 CSP will utilize the proceeds of new issues of 7.95 percent bonds due 2002 and 8.70 percent bonds due 2022 to effect such redemption.
 The redemption price for the bonds will be 103.17 percent of the principal amount plus accrued interest from June 1, to be paid by check upon presentation of the bonds. The redemption is being made under terms of the bonds, which permit CSP to redeem them prior to maturity.
 Notice of redemption is expected to be mailed to bondholders of record on or before July 10. Citibank, N.A., New York, is the redemption agent and trustee.
 -0- 7/1/92
 /CONTACT: Luke M. Feck of American Electric Power, 614-223-1650/
 (AEP) CO: American Electric Power Company ST: Ohio IN: UTI SU:


BM -- CL022 -- 5824 07/01/92 15:12 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:198
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