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PHILADELPHIA ELECTRIC COMPANY RELEASES ANNOUNCEMENT REGARDING $7.00 PREFERRED STOCK SINKING FUND

 PHILADELPHIA, Dec. 23 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) (PE) announced today that it will redeem up to 8,000 shares of its $7.00 Preferred Stock by lot to satisfy a Feb. 1, 1993, sinking fund requirement.
 The redemption price will be $100 per share.
 /delval/
 -0- 12/23/92
 /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 -- PH006 -- 9476 12/23/92 10:11 EST
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Publication:PR Newswire
Date:Dec 23, 1992
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