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DUKE POWER CO. TO REDEEM TWO SERIES OF BONDS

 CHARLOTTE, N.C., Feb. 25 /PRNewswire/ -- Duke Power Co. (NYSE: DUK) said today that on April 1, the company will redeem its 7 7/8 percent Series of first and refunding mortgage bonds, due April 1996, with an outstanding face value of $100 million.
 Bondholders will receive $1,000 per $1,000 certificate. The interest payment due April 1, 1993, will be made in the usual manner.
 Also on April 1, the company will redeem its 7 3/4 percent Series of first and refunding mortgage bonds, due April 2002, with a face value of $78.1 million.
 Bondholders will receive $1,023.10 per $1,000 certificate, plus the interest payment on April 1.
 The call notices for the two issues will be mailed to bondholders Feb. 25 by Morgan Guaranty Trust Co., the redemption agent.
 -0- 2/25/93
 /CONTACT: Randy Wheeless, 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 -- CH003 -- 0238 02/25/93 08:44 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:173
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