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DUKE POWER CO. TO REDEEM BONDS

 CHARLOTTE, N.C., Aug. 20 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on Sept. 20 the company will redeem its 8 1/2 percent Series of first and refunding mortgage bonds, due Feb. 2017, with a face value of $150 million.
 Bondholders will receive $1,056.60 per $1,000 certificate, plus accrued interest to the redemption date.
 The call notice for this issue was mailed to bondholders on Aug. 20 by Morgan Guaranty Trust Co., the redemption agent.
 Duke Power will use the proceeds from $150 million of 32-year bonds, priced Aug. 18, to refund the bonds called.
 -0- 8/20/93
 /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 -- 4609 08/20/93 08:34 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:138
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