NEW YORK STATE ELECTRIC & GAS AUTHORIZES THE REDEMPTION OF FIRST MORTGAGE BONDS
NEW YORK STATE ELECTRIC & GAS AUTHORIZES THE
REDEMPTION OF FIRST MORTGAGE BONDS
BINGHAMTON, N.Y., Nov. 8 /PRNewswire/ -- The board of directors of New York State Electric & Gas Corporation (NYSE: NGE) today authorized the redemption in 1992 of $20,424,000 of the company's first mortgage bonds, 10-5/8 percent series due 2016. The redemption will be made at par through a provision in the company's mortgage.
On Nov. 5, 1991, the company announced the redemption on Dec. 6, 1991, of $85,652,000 of the 10-5/8 percent series due 2016 at a price of 107.46 percent.
/CONTACT: K.B. Hooper of New York State Electric & Gas, 607-729-2551/
(NGE) CO: New York State Electric & Gas Corporation ST: New York IN: UTI SU: CK-SM -- NY049 -- 2671 11/08/91 15:33 EST