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DUKE POWER CO. $60 MILLION 7.04 PERCENT PREFERRED STOCK RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, May 5 /PRNewswire/ -- Duke Power Co.'s new $60 million issue of 7.04 percent preferred stock is rated `AA-' by Fitch. The credit trend is stable.
 The rating reflects a well managed capital structure, constructive regulatory environment, solid generating diversity (61 percent nuclear, 37 percent coal, and 2 percent hydro and other), and exceptional nuclear operations, as well as growing but manageable construction requirements.
 -0- 5/5/93
 /CONTACT: Robert Hornick of Fitch, 212-908-0564/
 (DUK)


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

SM -- NY102 -- 5095 05/05/93 17:41 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:98
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