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CP&L PLANS TO REDEEM BONDS

 CP&L PLANS TO REDEEM BONDS
 RALEIGH, N.C., Feb. 21 /PRNewswire/ -- Carolina Power & Light


(NYSE: CPL) sent notices on Feb. 21, 1992, to the holders of the company's outstanding First Mortgage Bonds, 9 3/4 percent series due 2004, and to the holders of the company's First Mortgage Bonds, 9 1/4 percent series due June 1, 2008, announcing the company's intention to redeem on March 23, 1992, all of the 9 3/4 percent series and $15.767 million of the 9 1/4 percent series.
 The notices are subject to the deposit of sufficient cash with the trustee to make the redemptions on March 23, 1992. The company intends to redeem the 9 3/4 percent series at a special redemption price of 99.82 percent of the outstanding principal amount and the 9 1/4 percent series at a special redemption price of 100 percent of the outstanding principal amount, plus, in each case, accrued interest to March 23, 1992.
 -0- 2/21/92
 /CONTACT: Kyle Hampton, External Communications, Carolina Power & Light, 919-546-6189/
 (CPL) CO: Carolina Power & Light Company ST: North Carolina, South Carolina IN: UTI SU:


JZ -- CH005 -- 1422 02/21/92 13:34 EST
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Publication:PR Newswire
Date:Feb 21, 1992
Words:200
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