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COLUMBUS SOUTHERN POWER TO REDEEM BONDS

 COLUMBUS, Ohio, April 16 /PRNewswire/ -- Columbus Southern Power Company (CSP), formerly Columbus and Southern Ohio Electric Company, today announced that on May 15, 1993, it will redeem the entire outstanding principal amount of its 9.20-percent First Mortgage Bonds due 1998 and the entire outstanding principal amount of its 9.45-percent First Mortgage Bonds due 1996, not previously called for redemption.
 Redemption price for the 9.20-percent bonds will be 101.92 percent of the principal amount of each bond plus accrued interest from March 1, to be paid upon presentation of the bonds.
 Redemption price for the 9.45-percent bonds not previously called for redemption will be 101.00 percent of the principal amount of each bond plus accrued interest from May 1, to be paid upon presentation of the bonds. Interest payable May 1 to record holders of the 9.45-percent bonds will be paid in the usual manner.
 The redemptions are 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 today. Citibank, N.A., New York, is the redemption agent and trustee.
 CSP is an operating electric utility subsidiary of American Electric Power Company (NYSE: AEP).
 -0- 4/16/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, American Electric Power, 614-223-1650/
 (AEP)


CO: American Electric Power ST: Ohio IN: UTI SU:

AR -- CL012 -- 6753 04/16/93 12:17 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:244
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