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DELMARVA POWER & LIGHT COMPANY ANNOUNCES REDEMPTION OF OUTSTANDING FIRST MORTGAGE AND COLLATERAL TRUST BONDS

 WILMINGTON, Del., April 29 /PRNewswire/ -- Delmarva Power & Light Company (NYSE: DEW) has given notice to its First Mortgage Bond Trustee, Chemical Bank, that it will redeem on June 1, 1993, all of the company's outstanding First Mortgage and Collateral Trust Bonds, 10 percent Series due Dec. 1, 2018, at the redemption price of 107.50 percent of the principal amount.
 The company will use proceeds from its March 10, 1993, Common Stock issuance to redeem the bonds.
 /delval/
 -0- 4/29/93
 /CONTACT: Wallace C. Judd Jr., manager of media relations of Delmarva Power, 302-429-3595/
 (DEW)


CO: Delmarva Power and Light Company ST: Delaware IN: UTI SU:

JM-LJ -- PH033 -- 2826 04/29/93 15:54 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:116
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