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FPL BACKS $56 MILLION IN TAX-EXEMPT BONDS

 JUNO BEACH, Fla., July 26 /PRNewswire/ -- Florida Power & Light Company (FPL) today announced the acceptance by St. Lucie County, Florida, of offers for the sale on behalf of FPL of a total of $56,390,000 of variable rate tax-exempt St. Lucie County, Florida Pollution Control Revenue Refunding Bonds, maturing on Jan. 1, 2026.
 Proceeds from the sale of the bonds are expected to be used to redeem $21,940,000 of 6.0 percent Series and $10,250,000 of 6.15 percent Series St. Lucie County Pollution Control Revenue Bonds, due Jan. 1, 2004 and Jan. 1, 2007, respectively. Proceeds will also be used to retire a portion of the 11 percent Series and a portion of the 10 percent Series St. Lucie County Pollution Control Revenue Bonds, due Oct. 1, 2019 and April 1, 2020, respectively.
 An official statement relating to the new bonds may be obtained from Bear, Stearns & Co. Inc.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 7/26/93
 /CONTACT: Dale Thomas of Florida Power & Light Co., 305-552-3894 or 305-552-3895/
 (FPL)


CO: Florida Power & Light Co. ST: Florida IN: UTI SU:

JB -- FL016 -- 5936 07/26/93 17:56 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:212
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