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DUKE POWER CO. TO REDEEM BONDS

 DUKE POWER CO. TO REDEEM BONDS
 CHARLOTTE, N.C., May 22 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


said today that on June 22, 1992, the company will redeem its 8 5/8 percent, Series B First and Refunding Mortgage Bonds, due August 2000. Bondholders will receive $1,023.10 plus accrued interest of $33.78 for each $1,000 certificate.
 Call notices were mailed to bondholders on May 22.
 Duke will use the proceeds from $100 million of 7.0 percent first and refunding mortgage bonds, priced May 21, to refund the issue.
 -0- 5/22/92
 /CONTACT: Joe Maher, 704-382-8323, or 704-536-6079 (home), or Debbie Enna, 704-373-7914, both of Duke Power Company/
 (DUK) CO: Duke Power Company ST: North Carolina IN: UTI SU:


JZ -- CH005 -- 3288 05/22/92 12:00 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:133
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