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DETROIT EDISON TO REDEEM THREE STOCK SERIES

 DETROIT, Feb. 18 /PRNewswire/ -- The Detroit Edison Company (NYSE: DTE) announced today three different stock redemptions involving its 9.60 percent Series Preferred Stock, 9.72 percent Series Preferred Stock and $2.28 Series Preference Stock. These redemptions have been set for March 26, 1993.
 The utility will redeem all outstanding shares of each series pursuant to optional redemption provisions established when each was created. The redemption price for the 9.60 percent Series will be $104 per share, the redemption price for the 9.72 percent Series will be $102.90 per share and the redemption price for the $2.28 Series will be $25.25 per share.
 On or about Feb. 26, 1993, the company will send information to all holders of each series.
 Payment for the redeemed shares will be made by the company on or after March 26, 1993. A dividend accrued to the date of redemption for all series will be payable on the redemption date.
 -0- 2/18/93
 /CONTACT: Lorie N. Kessler, 313-237-8807, or Mary Kay Bean, 313-237-8809, both of Detroit Edison/
 (DTE)


CO: The Detroit Edison Company ST: Michigan IN: UTI SU:

JG -- DE016 -- 7964 02/18/93 14:07 EST
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Publication:PR Newswire
Date:Feb 18, 1993
Words:199
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