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CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS $120,265,000 OF 6 PERCENT TAX-EXEMPT POLLUTION CONTROL REVENUE BONDS

 DALLAS, July 22 /PRNewswire/ -- Central and South West Corporation (NYSE: CSR) and Central Power and Light Company (CPL), one of its wholly owned operating subsidiaries, announced today that on July 21, 1993, the Matagorda County Navigation District Number One (Texas) sold for the benefit of CPL to underwriters in a negotiated offering $120,265,000 of six percent tax-exempt pollution control revenue refunding bonds, Series 1993, due July 1, 2028.
 The Series 1993 bonds are being offered to the public at 100.0 percent and are not redeemable prior to July 1, 2003. The new bonds are rated A3 by Moody's Investors Service and A- by Standard and Poor's and Duff and Phelps. Goldman, Sachs & Co. is lead manager for the offering with Morgan Stanley & Co. Incorporated as co-manager.
 CPL will use the proceeds from the sale of the Series 1993 bonds to repurchase a portion of CPL's outstanding $139.2 million of 10-1/8 percent pollution control revenue bonds, Series 1984, due October 15, 2014 and $81.7 million of 9-3/4 percent collateralized pollution control revenue bonds, Series 1985A, due July 1, 2015.
 Central and South West Corporation, a Dallas based public utility holding company, owns four electric subsidiary companies that provide service to portions of Texas, Oklahoma, Louisiana and Arkansas. It also owns an Oklahoma intrastate natural gas pipeline subsidiary and four other subsidiaries.
 -0- 7/22/93
 /CONTACT: Sharon Peavy, director of investor relations for Central and South West, 214-777-1277/
 (CSR)


CO: Central and South West Corporation ST: Texas IN: UTI SU: OFR

LD -- NY091 -- 4764 07/22/93 16:35 EDT
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Date:Jul 22, 1993
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