PHILADELPHIA ELECTRIC <PE> TO SELL BONDS
Philadelphia Electric Co said it filed
with the Securities and Exchange Commission a shelf
registration statement covering up to 250 mln dlrs of first and
refunding mortgage bonds.
    Proceeds will be used for the company's construction
program and to reduce short-term debt that may be incurred from
time to time for interim financing of such building,
Philadelphia Electric said.
 Reuter
