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DUKE POWER CO. TO REDEEM SERIES H PREFERRED STOCK

 CHARLOTTE, N.C., Nov. 16 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on Dec. 16, the company will redeem all shares of its 7.80 percent Series H Cumulative Preferred Stock.
 The 7.80 percent Series H, with an outstanding par value of $60 million, will be redeemed at $103.52 per share, plus the previously declared dividend payable on Dec. 16.
 A redemption notice for the issue will be mailed to all shareholders on Nov. 16. Duke Power will act as the redemption agent. Address: Duke Power, Investor Relations, P.O. Box 1005, Charlotte, N.C. 28201-1005.
 Duke will use the proceeds from $60 million of 6.375 percent Preferred Stock A, 1993 Series, priced Oct. 21, to redeem the issue.
 -0- 11/16/93
 /CONTACT: Randy Wheeless of Duke Power, 704-382-8379, or (24-Hour) 704-594-0681/
 (DUK)


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

MM -- CH002 -- 4888 11/16/93 08:32 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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