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DUKE POWER $50 MILLION 6.75 PERCENT PREFERRED RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 16 /PRNewswire/ -- Duke Power Co.'s new $50 million 6.75 percent cumulative sinking fund preferred stock is rated "AA-" by Fitch. The credit trend is stable. The ratings reflect a well managed capital structure, constructive regulatory environment, solid generating diversity (61 percent nuclear, 37 percent coal, and 2 percent hydro and other), exceptional nuclear operations and growing, but manageable construction requirements.
 -0- 4/16/93
 /CONTACT: Robert Hornick of Fitch, 212-908-0564/


CO: Duke Power Co. ST: North Carolina IN: UTI SU: RTG

TS -- NY063 -- 6892 04/16/93 15:41 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:95
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