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DETROIT EDISON TO REDEEM $2.75 SERIES PREFERENCE STOCK

 DETROIT EDISON TO REDEEM $2.75 SERIES PREFERENCE STOCK
 DETROIT, May 20 /PRNewswire/ -- The Detroit Edison Company


(NYSE: DTE) today announced it will redeem all shares of its $2.75 series preference stock through the operation of a sinking fund for this security.
 The shares will be redeemed July 15, 1992, at $25 per share, with payment to be made on or after that date.
 On or about June 15, the company will send information to all holders of the $2.75 series preference stock. The transfer books for this security will be closed June 10, 1992, for determination of a list of shareholders, and will be reopened June 11.
 All shares of this series will be canceled and will have the status of authorized but unissued shares.
 -0- 5/20/92
 /CONTACT: Lorie N. Kessler, 313-237-8807, or Scott Simons, 313-237-8808, both of The Detroit Edison Company/
 (DTE) CO: The Detroit Edison Company ST: Michigan IN: UTI SU:


JB -- DE011 -- 2242 05/20/92 10:11 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:167
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