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DUKE POWER CO. TO REDEEM BONDS

 DUKE POWER CO. TO REDEEM BONDS
 CHARLOTTE, N.C., March 11 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


said today that on April 10, the company will redeem its 9 1/2 percent Series of first and refunding mortgage bonds, due 2005, with a par value of $92.8 million.
 Bondholders will receive $1,037.20 per $1,000 certificate, plus accrued interest to that date. The call notice for the issue was mailed to bondholders March 11. Morgan Guaranty Trust Co. will serve as redemption agent.
 Duke will use the proceeds from $275 million of seven-, 12- and 30-year notes, priced Feb. 26 and closing March 11, to refund the bonds called.
 -0- 3/11/92 R
 /CONTACT: Malcolm Niven, 704-373-7066, or Randy Wheeless, 704-382-8379 (office), 704-535-8743 (home) or 704-594-0681 (after hours), both of Duke Power Co./
 (DUK) CO: Duke Power Co. ST: North Carolina, South Carolina IN: UTI SU:


CM -- CH006 -- 7507 03/11/92 16:58 EST
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Publication:PR Newswire
Date:Mar 11, 1992
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