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PUGET POWER ANNOUNCES REDEMPTIONS OF MORTGAGE BONDS AND PREFERRED STOCK

 BELLEVUE, Wash., Jan. 14 /PRNewswire/ -- Puget Sound Power & Light Co. (NYSE: PSD) today announced that redemption notices have been mailed to holders of the company's 4.75 percent first mortgage bonds due May 1, 1994, and its Series A adjustable rate cumulative preferred stock.
 The redemption date on the bonds is Feb. 14, 1994, with interest accruing through Feb. 13, 1994. Redemption will be at the redemption price of 100 percent of the principal amount of the bonds.
 The redemption date on the preferred stock is Feb. 15, 1994. The redemption price is $100 plus accrued dividends of $1.75 per share to the redemption date.
 -0- 1/14/94
 /CONTACT: William J. Fritz of Puget Power, 206-462-3208/
 (PSD)


CO: Puget Sound Power & Light Co. ST: Washington IN: UTI SU:

JH-RB -- SE003 -- 2083 01/14/94 11:31 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:139
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