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OHIO POWER TO REDEEM SECURITIES

 COLUMBUS, Ohio, Jan. 28 /PRNewswire/ -- Ohio Power Company (OPCo), successor by merger to Ohio Electric Company, today announced that it will redeem $15,000,000 principal amount of the Ohio Electric Company's first mortgage bonds, 9-1/4 percent Series due 2002 on April 1, 1993 at the redemption price of the principal amount of the bonds called for redemption. Semiannual interest payable April 1 will be paid in the usual manner.
 The redemption is being made under terms of the mortgage under which the bonds were issued, which permit the company to redeem the bonds prior to maturity with certain funds deposited with the trustee under the mortgage.
 Notice is expected to be mailed to bondholders of record on or before March 1, 1993. Chase Manhattan Bank (National Association) is the redemption agent for this series of first mortgage bonds.
 OPCo, headquartered in Canton, Ohio, is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP).
 -0- 1/28/93
 /CONTACT: Luke M. Feck of American Electric Power, 614-223-1650/
 (AEP)


CO: American Electric Power ST: Ohio IN: UTI SU:

KK -- CL010 -- 0246 01/28/93 12:06 EST
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Publication:PR Newswire
Date:Jan 28, 1993
Words:191
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