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DUKE POWER CO. TO REDEEM BONDS

 DUKE POWER CO. TO REDEEM BONDS
 CHARLOTTE, N.C., June 17 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


said today that on July 17, the company will redeem its 8 1/2 percent Series of first and refunding mortgage bonds, due 2000, with a par value of $69.244 million.
 Bondholders will receive $1,022.40 per $1,000 certificate, plus accrued interest to that date. The call notice for the issue was mailed to bondholders June 17. Morgan Guaranty Trust Co. will serve as redemption agent.
 Duke will use a portion of the proceeds from $100 million of eight- year notes, priced June 16, to refund the bonds called.
 -0- 6/17/92
 /CONTACT: Randy Wheeless, (office) 704-382-8379, (home) 704-535-8743, or Debbie Enna, 704-373-7914, both of Duke Power Company/
 (DUK) CO: Duke Power Company ST: North Carolina, South Carolina IN: UTI SU:


JZ -- CH002 -- 0942 06/17/92 08:59 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:151
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