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DUKE POWER CO. TO REDEEM BONDS

 DUKE POWER CO. TO REDEEM BONDS
 CHARLOTTE, N.C., July 29 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


said today that on August 28, the company will redeem its 7 1/2 percent Series B of first and refunding mortgage bonds, due March 1997, with a par value of $100 million.
 Bondholders will receive $1,018.20 per $1,000 certificate, plus accrued interest to that date. The call notice for the issue was mailed to bondholders July 29. Morgan Guaranty Trust Co. will serve as redemption agent.
 Duke will use the proceeds from $100 million of 5-year notes, priced July 29 and closing Aug. 12, to refund the bonds called.
 -0- 7/29/92
 /CONTACT: Randy Wheeless, Duke Power Company, 704-382-8379 or 704-535-8743(home)/
 (DUK) CO: Duke Power Company ST: North Carolina IN: UTI SU:


JZ -- CH006 -- 4703 07/29/92 14:52 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
Words:144
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