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SOUTHEASTERN PUBLIC SERVICE COMPANY REPORTS RESULTS

 SOUTHEASTERN PUBLIC SERVICE COMPANY REPORTS RESULTS
 MIAMI, May 29 /PRNewswire/ -- Southeastern Public Service


Company (PSE) today announced the results for the three months and the year ended Feb. 29, 1992.
 For the three months ended Feb. 29, 1992, the company reported revenues of $55.7 million and net earnings (including equity in earnings and losses of affiliates) of $2.2 million ($.19 per share), compared to revenues of $54.0 million and net loss (including equity in earnings and losses of affiliates) of $1.1 million ($.10 per share) in the prior year's comparable period.
 For the year ended Feb. 29, 1992, the company reported revenues of $229.6 million and net earnings (including equity in earnings and losses of affiliates) of $6.1 million ($.52 per share), compared to revenues of $217.3 million and net loss (including equity in earnings and losses of affiliates) of $2.9 million ($.25 per share) in the prior year's comparable period.
 SOUTHEASTERN PUBLIC SERVICE COMPANY AND SUBSIDIARIES
 For the three months For the year ended
 ended Feb. 29, Feb. 29,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Operating revenues $ 55,707 53,964 229,573 217,315
 Operating profit (loss) (150) (395) 8,119 208
 Interest expense (net of
 interest income) (2,490) (2,481) (10,553) (9,051)
 Other, net 2,883 1,354 4,523 (134)
 Earnings (loss) before
 income taxes and equity
 in net earnings (loss)
 of affiliates 243 (1,522) 2,089 (8,977)
 (Provision for) benefit
 from income taxes (257) 520 (774) 2,906
 (14) (1,002) 1,315 (6,071)
 Equity in earnings (loss)
 of affiliates before
 extraordinary credit 2,190 (371) 4,792 2,417
 Earnings (loss) before
 extraordinary credit 2,176 (1,373) 6,107 (3,654)
 Equity in earnings of
 affiliate from
 extraordinary credit -- 229 -- 794
 Net earnings (loss) $ 2,176 (1,144) 6,107 (2,860)
 Earnings (loss) per share:
 Before extraordinary credit $.19 (.12) .52 (.32)
 Extraordinary credit -- .02 -- .07
 $.19 (.10) .52 (.25)
 Average shares
 outstanding 11,655 11,655 11,655 11,655
 -0- 5/29/92
 /CONTACT: Charles Nolan of Southeastern Public Service Company, 305-866-7771/ CO: Southeastern Public Service Company ST: Florida IN: SU: ERN


JB-AW -- FL004 -- 5376 05/29/92 17:57 EDT
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Publication:PR Newswire
Date:May 29, 1992
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