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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., July 9 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on Aug. 9 the company will redeem its 7 3/8 percent Series B first and refunding mortgage bonds, due Dec. 2002, with a face value of $67,900,000.
 Bondholders will receive $1,024.60 per $1,000 certificate, plus accrued interest to the redemption date.
 The call notice for this issue was mailed to bondholders on July 9 by Morgan Guaranty Trust Co., the redemption agent.
 Duke Power will use the proceeds from $75 million of 10-year medium term notes, priced July 8, to refund the bonds called.
 -0- 7/9/93
 /CONTACT: Randy Wheeless of Duke Power Co., 704-382-8379 or (home) 704-535-8743 or 704-594-0681/
 (DUK)


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

CM -- CH001 -- 9791 07/09/93 08:55 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
Words:141
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