Pepco to redeem $100 million in mortgage bonds

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.

NEWARK, N.J., April 30 /PRNewswire/ — E. James Ferland, PSEG chairman, president and CEO, today announced the retirement of Robert C. Murray as executive vice president and chief financial officer of PSEG. Murray has served in that capacity for nearly ten years. Ferland also announced that Thomas M. O’Flynn, currently a managing director at Morgan Stanley, has been named to succeed Murray.

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