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PHILADELPHIA ELECTRIC RELEASES ANNOUNCEMENT REGARDING $15.25 AND $9.52 PREFERRED STOCK SINKING FUNDS

 PHILADELPHIA ELECTRIC RELEASES ANNOUNCEMENT REGARDING
 $15.25 AND $9.52 PREFERRED STOCK SINKING FUNDS
 PHILADELPHIA, Feb. 25 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) announced today that it will redeem 25,000 shares of its $15.25 Preferred Stock by lot to satisfy a May 1, 1992, sinking fund requirement.
 The company said it also intends to exercise its option to redeem an additional 25,000 shares.
 The company will also redeem up to 20,000 shares of its $9.52 Preferred Stock by lot to satisfy a May 1, 1992, sinking fund requirement. The company also has the option to redeem up to an additional 20,000 shares.
 The redemption price for both issues will be $100 per share.
 /delval/
 -0- 2/25/92
 /CONTACT: Bill Jones of Philadelphia Electric, 215-841-4129/
 (PE) CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU:


CC -- PH027 -- 2516 02/25/92 16:23 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 25, 1992
Words:150
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