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POTOMAC ELECTRIC POWER COMPANY $118 MILLION FIRST MORTGAGE BONDS RATED 'AA-' BY DUFF & PHELPS

 CHICAGO, Feb. 24 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a rating of AA-' (Double-A-Minus) to Potomac Electric Power Company's $118 million offering of first mortgage bonds. The bonds, sold in two tranches of $78 million and $40 million, mature in 2008 and 2028, respectively.
 Potomac Electric Power's strong utility fundamentals include below average rates and a resilient service territory economy. Maryland regulation has been supportive and the Washington D.C. regulatory environment has been improving.
 Construction expenditures are currently at a high level as the company requires additional capacity to meet above the average growth experienced over the past five years. Construction outlays should decrease gradually. Purchased power expenses will increase as capacity payments associated with a 450 MW contract rise in 1994. Additionally, planned nonutility generator projects may be on-line by the mid-1990s.
 Potomac Electric Power Company provides electric service to 1.9 million people in a 640 square mile territory which includes all of the District of Columbia and parts of Maryland. About 41 percent of revenues are under the D.C. jurisdiction, 53 percent are regulated by the Maryland Public Service Commission, and 6 percent by the Federal Energy Regulatory Commission. Non-utility diversification is carried out through subsidiary Potomac Capital Investment Corporation.
 -0- 2/24/93
 /CONTACT: Williams A. Abrams of Duff & Phelps, 312-368-3161/
 (POM)


CO: Potomac Electric Power Company ST: District of Columbia IN: UTI SU: RTG

SM -- NY069 -- 0079 02/24/93 16:32 EST
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Date:Feb 24, 1993
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