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PE CALLS PREFERRED STOCK ISSUES

 /REPEATING FOR POINTS NEEDED/
 PHILADELPHIA, June 18 /PRNewswire/ -- Philadelphia Electric Company


(NYSE: PE) (PE) announced today that it plans to call three issues of its outstanding Preferred Stock: the $9.52 Preferred Stock in its entirety at $101.00 per share plus accrued dividends, the $8.75 Preferred Stock, 1978 Series in its entirety at $101.03 per share plus accrued dividends and $60.0 million of its $9.50 Preferred Stock, 1986 Series at $106.33 plus accrued dividends.
 The redemption date for the three issues will be Aug. 1, 1993. The funds for these calls will be provided primarily from the proceeds of $92.7 million of New Preferred Stock issued today.
 /delval/
 -0- 6/18/93
 /CONTACT: George Shicora, 215-841-5741, or Bill Jones, 215-841-4129, both of Philadelphia Electric/
 (PE)


CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU:

MP -- PH002 -- 3471 06/18/93 09:51 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
Words:150
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