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COLUMBUS SOUTHERN POWER TO REDEEM BONDS

 COLUMBUS SOUTHERN POWER TO REDEEM BONDS
 COLUMBUS, Ohio, Aug. 19 /PRNewswire/ -- Columbus Southern Power


Company (CSP), formerly Columbus and Southern Ohio Electric Company, today announced that on Oct. 1, 1992 it will redeem the entire $80,000,000 principal amount of its 10-1/8 percent bonds due 2016 and the entire $35,000,000 principal amount of its 9.90 percent bonds due 2004. CSP is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP).
 CSP will utilize the proceeds of new issues of 7.25 percent bonds due 2002 and 8.40 percent bonds due 2022 to effect such redemption.
 The redemption price for the 10-1/8 percent bonds will be 107.09 percent of the principal amount plus accrued interest from July 1, and the redemption price for the 9.90 percent bonds will be 104.31 percent of the principal amount plus accrued interest from May 1. The redemption prices will 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 Aug. 31. Citibank, N.A., New York, is the redemption agent and trustee.
 -0- 8/19/92
 /CONTACT: Luke M. Feck, senior vice president, public affairs of American Electric Power, 614-223-1650/
 (AEP) CO: Columbus Southern Power ST: Ohio IN: UTI SU:


BM -- CL012 -- 1474 08/19/92 16:29 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
Words:251
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