Pepco to redeem $100 million in mortgage bonds

WASHINGTON, April 30 /PRNewswire/ -- Potomac Electric Power Company announced that on June 1, 2001, it will redeem at 103.61 percent of principal amount, plus accrued interest to the redemption date, the entire $100 million outstanding principal amount of its 9 percent first mortgage bonds due June 1, 2021 (CUSIP No. 737679BP4). These bonds were issued in 1991.

Payment of the redemption price will be made by The Bank of New York, Trustee, upon presentation of the bonds. The mailing address of the redemption agent is The Bank of New York, Bond Redemption Unit, P.O. Box 3856, Houston, Texas, 77253-3856. Questions may be directed to the Trustee at The Bank of New York, Corporate Trust Department, 21st floor, 101 Barclay Street, New York, N.Y. 10286, or by telephone at 1-(800) 882-6559.

Pepco (http://www.pepco.com ) is an investor-owned company that delivers electricity to more than 700,000 customers in Washington, D.C., and the Maryland suburbs. Through its family of subsidiaries, Pepco also operates in the competitive arenas of telecommunications and energy products and services in the mid-Atlantic region.

Sponsored by FLSmidth

Related Articles

Mergers, EPA carbon plan generated much attention during 2014

Mergers, the Environmental Protection Agency (EPA) Clean Power Plan, cheap natural gas and the polar vortex were among the most noteworthy generation stories of 2014.

Developer opens Ohio review for 800-MW, gas-fired project

Clean Energy Future-Lordstown LLC plans an 800-MW, gas-fired power project, and on Dec. 24 applied with the Ohio Power Siting Board for certain routine waivers it needs before filing a full siting application for this project with the board.

Follow Power Engineering on Twitter
Latest News

EIA: Coal-fired generation alive and well in the coming decade

Coal-fired power generation from existing plants will increase through 2025, this according t...

Report: Nuke dump radiation leak could have been prevented

A radiation leak that forced the indefinite closure of the federal government's only undergro...

Areva’s nuclear reactor vessel flaws may be “costly”

The French nuclear regulator says anomalies found in Areva’s nuclear reactor technology are “...

Southern Power acquires 32MW solar project from First Solar

Southern Co. (NYSE: SO) subsidiary, Southern Power, has acquired controlling interest in...

Second robot completes survey of Fukushima reactor containment vessel

A second shape-shifting robot completed a survey from inside of the Fukushima Daiichi nuclear...

PacifiCorp considers joining California ISO

PacifiCorp signed a memorandum of understanding to explore full participation in the Californ...

Herbert: Uranium shouldn't be in Utah before federal review

Gov. Gary Herbert said Thursday that he wants federal regulators to review how hazardous a ty...

Environmentalists press for bill to expand solar power

Environmentalists are urging lawmakers to back a bill they say would help more residents inve...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Power Industry Wire News

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

GEI Global Energy Corp. Explores Solar Opportunities

GEI Global Energy Corp. Explores Solar Opportunities

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of "Driving on Sunshine" Campaign

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of ...

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an Initial Supply Agreement Valued at Between $80 Million and $120 Million

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>