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TEXAS UTILITIES ELECTRIC $100 MILLION OF PREFERRED STOCK 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 9 /PRNewswire/ -- Texas Utilities Electric Co.'s (TUEC) new issue of $100 million of 6-3/8 percent cumulative preferred stock due Oct. 1, 2008 is rated 'BBB-' by Fitch. The preferred stock, noncallable for 10 years, is a takedown from a previously rated shelf registration. The credit trend is stable.
 Proceeds are expected to be used for repurchase or redemption of securities, construction expenditures, and other corporate purposes.
 The rating reflects Fitch's expectations that key financial measurements will improve significantly once the Comanche Peak nuclear plant is substantially reflected in base rates.
 -0- 9/9/93
 /CONTACT: Stephen Fedun of Fitch, 212-908-0568/
 (TXU)


CO: Texas Utilities Electric Co. ST: Texas IN: UTI SU: RTG

WB -- NY088 -- 0493 09/09/93 17:01 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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