The Detroit Edison Company
| Company Deal | $50,000,000 general and refunding mortgage bonds, series BB 12 1/2% due October 1, 1979 |
|---|---|
| Transaction Type | General and Refunding Mortgage Bonds |
| Deal Description | The Detroit Edison Company used the net proceeds from this transaction to reduce short-term commercial paper and bank borrowings incurred in connection with the company's construction program and for working capital. In order to meet increased and forecasted demands for electric service, the Company had been engaged for several years in a continuing long-range construction program. |