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DUKE POWER TO REDEEM BONDS

 DUKE POWER TO REDEEM BONDS
 CHARLOTTE, N.C., Feb. 26 /PRNewswire/ -- Duke Power Co. (NYSE: DUK)


today said that on March 27, the company will redeem two series of mortgage bonds, with a par value of more than $170 million.
 The company will redeem its 9 3/8 percent Series of first and refunding mortgage bonds, due 2008, with bondholders receiving $1,047.70, plus accrued interest to that date.
 Duke will also redeem its 10 1/8 Series of first and refunding mortgage bonds, due 2015, with bondholders receiving $1,069.40, plus accrued interest to that date.
 Call notices for the two issues were mailed to bondholders Feb. 26.
 Duke will use the proceeds from $275 million of seven-, 12- and 30-year notes, priced Feb. 26, to refund the bonds called.
 -0- 2/26/92
 /CONTACT: Randy Wheeless, 704-382-8379, or Malcolm Niven, 704-373-7066, both of Duke Power Co./
 (DUK) CO: Duke Power Company ST: North Carolina, South Carolina IN: UTI SU:


JZ -- CH003 -- 2920 02/26/92 15:36 EST
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Publication:PR Newswire
Date:Feb 26, 1992
Words:172
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