The Detroit Edison Company
| Company Deal | $150,000,000 general and refunding mortgage bonds, series S, 6.40% due October 1, 1998 |
|---|---|
| Transaction Type | General and Refunding Mortgage Bonds |
| Deal Description | The Detroit Edison Company used the net proceeds from this transaction in connection with its construction program, including the repayment of short-term borrowings and commercial paper incurred primarily in connection with the interim financing of construction. Construction expenditures in 1968 through 1975 for power plants, transmission and distribution facilities, and other property additions were expected to aggregate $2 billion. |