PHILADELPHIA ELECTRIC COMPANY ISSUES ANNOUNCEMENT REGARDING $9.52 PREFERRED STOCK SINKING FUND
PHILADELPHIA, Feb. 22 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) announced today that it will redeem 20,000 shares of its $9.52 Preferred Stock by lot to satisfy a May 1, 1993, sinking fund requirement.
The company also has the option to redeem up to an additional 20,000 shares.
The redemption price will be $100 per share.
CONTACT: George Shicora, 215-841-5741, or Bill Jones, 215-841-4129, both of Philadelphia Electric
(PE) CO: PHILADELPHIA ELECTRIC COMPANY IN: UTI ST: PA -- PH033 -- X370 02/22/93