Consumers Power Co said it has 56mln dlrs available to be used to redeem at par any 15 pct
series first mortgage bonds that are not exchanged under an
outstanding bond exchange program.
    The utility on March 17 offered to exchange its 15 pct
first mortgage bonds due March 1, 1994 for a new series of
first mortgage bonds, 9-1/4 pct due April 1, 1997. The offer
will expire April 14, 1987.
 Reuter
