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SOUTHEASTERN PUBLIC SERVICE COMPANY ANNOUNCES RESULTS

 MIAMI, Jan. 14 /PRNewswire/ -- Southeastern Public Service Company today announced the results for the three months and the nine months ended Nov. 30, 1992.
 For the three months ended Nov. 30, 1992, the company had revenues of $61.5 million compared to $57.3 million and net earnings of $3.6 million ($.31 per share), compared to $560,000 ($.05 per share) in the prior year's comparable quarter.
 For the nine months ended Nov. 30, 1992, the company had revenues of $177.4 million compared to $173.9 million and net earnings of $8.3 million ($.71 per share), compared to net earnings of $3.9 million ($.34 per share) in the prior year's comparable nine months period.
 SOUTHEASTERN PUBLIC SERVICE COMPANY AND SUBSIDIARIES
 For the three months For the nine months
 ended Nov. 30, ended Nov. 30,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Operating revenues $61,525 57,338 177,448 173,866
 Operating profit 2,141 1,744 7,356 8,269
 Interest expense (net
 of interest income) (2,337) (2,624) (6,968) (8,063)
 Other income (expense) (69) (41) (1,441) 1,640
 Earnings (loss) before
 income taxes and equity
 in net earnings of
 affiliates (265) (921) (1,053) 1,846
 (Provision for)
 benefit from
 income taxes 75 216 347 (517)
 (190) (705) (706) 1,329
 Equity in net
 earnings of
 affiliates 3,791 1,265 9,010 2,602
 Net earnings $3,601 560 8,304 3,931
 Earnings per share $.31 .05 .71 .34
 Average shares
 outstanding 11,655 11,655 11,655 11,655
 -0- 1/14/93 R
 /CONTACT: Charles Nolan of Southeastern Public Service Company, 305-866-7771/


CO: Southeastern Public Service Company ST: Florida IN: SU: ERN

JJ-AW -- FL011R -- 5256 01/15/93 09:49 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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