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DUKE POWER $275 MILLION DEBT RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 DUKE POWER $275 MILLION DEBT RATED 'AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Feb. 28 /PRNewswire/ -- Three new issues of Duke Power Co. senior debt are rated "AA" by Fitch. The issues are: $75 million 8 percent first mortgage and refunding bonds due March 1, 2004, $100 million 8-5/8 percent first and refunding mortgage bonds due March 1, 2022, and $100 million 7.5 percent medium-term notes due April 1, 1999.
 The ratings reflect Duke Power's improved financial condition and longer-term prospects. This well managed utility is soundly capitalized with solid generating diversity (64 percent nuclear, 34 percent coal, and 2 percent hydro and other).
 -0- 2/28/92
 /CONTACT: Anne F. Faber of Fitch, 212-908-0566/
 (DUK) CO: Duke Power Co. ST: North Carolina, South Carolina IN: UTI SU: RTG


SH -- NY064 -- 3874 02/28/92 16:33 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:141
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