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GULF STATES UTILITIES COMPLETES NEGOTIATIONS FOR PUBLIC OFFERING

 BEAUMONT, Texas, Jan. 21 /PRNewswire/ -- Gulf States Utilities Co. has completed negotiations for the public offering of $17.45 million Pointe Coupee Parish, La., pollution control revenue refunding bonds.
 The bonds, which mature March 1, 2013, will bear a 6.70 percent interest rate, effective Jan. 1, 1993. The proceeds will be used to refund a similar amount of bonds issued by the parish in 1983 to help finance pollution control facilities at Big Cajun 2, Unit 3, a 540- megawatt coal-fired power plant. GSU owns 42 percent--about 227 megawatts--of the unit near New Roads, La.
 Refunding the 1983 bonds, which carry a 9.5 percent interest rate, will save Gulf States nearly $500,000 in annual interest costs, a company official estimated.
 The bonds are being offered by The First Boston Corp.
 GSU is a Beaumont, Texas based utility serving more than 587,000 customers along the Gulf Coast between Houston and New Orleans.
 -0- 1/21/93
 /CONTACT: Sharon Englade of Gulf States Utilities, 409-839-2814/
 (GSU)


CO: Gulf States Utilities Co. ST: Texas IN: UTI SU: OFR

KD -- NY089 -- 7614 01/21/93 16:35 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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