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TENDERS RECEIVED BY HOUSTON LIGHTING & POWER

 TENDERS RECEIVED BY HOUSTON LIGHTING & POWER
 HOUSTON, Oct. 7 /PRNewswire/ -- Houston Lighting & Power Company


(HL&P) announced today that its tender offer for any and all of its First Mortgage Bonds, 10-1/4 percent series due Feb. 1, 2019 at $1,091.125 per $1000 principal amount (plus accrued interest) expired at 5:00 p.m. on Tuesday, Oct. 6, 1992, in accordance with its terms.
 HL&P stated that $212,533,000 aggregate principal amount of bonds (including $180,000 tendered pursuant to guaranteed delivery procedures) were tendered pursuant to the offer and that all such bonds have been accepted for payment pursuant to the terms of the offer. Tenders represented 94 percent of the principal amount of the bonds.
 Accrued interest will be paid through Oct. 8, 1992 and $12,467,000 aggregate principal amount of the 10-1/4 percent bonds will be outstanding thereafter.
 HL&P intends to redeem on Oct. 28, 1992, at a price of 108.47 percent of their principal amount, plus accrued interest thereon to that date, all of the bonds that were not tendered and accepted for payment pursuant to the offer.
 -0- 10/7/92
 /CONTACT: Sandy Brendler of Houston Industries Incorporated, 713-629-3123/
 (HOU) CO: Houston Lighting & Power Company ST: Texas IN: OIL SU:


AH-LR -- NY039 -- 7496 10/07/92 13:41 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
Words:222
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