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CP&L DIRECTORS DECLARE DIVIDENDS, ELECT OFFICERS

 RALEIGH, N.C., March 17 /PRNewswire/ -- Carolina Power & Light's (NYSE: CPL) board of directors meeting today in Raleigh declared quarterly dividends on common and preferred stock and elected two new officers.
 The quarterly common stock dividend of 41 cents per share is payable on May 1, 1993 to shareholders of record as of April 12, 1993.
 The CP&L directors named William Stanley "Skip" Orser as executive vice president of the company's nuclear generation group. As the senior officer directly responsible for the nuclear program, Orser will report to William Cavanaugh III, CP&L's president and chief operating officer.
 Late last year R.A. Watson, senior vice president of the nuclear generation group, informed the company of his intent to retire in the last quarter of this year. Until his retirement Watson will serve as an advisor to Orser, who assumes his position on April 1.
 Orser joins CP&L from Detroit Edison Co., where he has served as executive vice president of its nuclear program. Orser has almost 20 years of experience in the nuclear power industry in addition to serving in the U.S. Navy for nine years.
 In addition, the CP&L directors named H. William "Bill" Habermeyer Jr. as vice president of the company's nuclear services department. Assuming that position on April 1, Habermeyer replaces Russell B. Starkey Jr., who earlier this year informed the company of his intent to resign as of July 1. Until that time, Starkey will assist Habermeyer in the transition.
 Habermeyer joins CP&L with more than 20 years of experience in the nuclear field, primarily in the U.S. nuclear navy program. He has served as vice admiral and commander of the navy's largest submarine group as well as commandant of midshipmen at the U.S. Naval Academy.
 "CP&L is extremely pleased to have the services of Skip Orser and Bill Habermeyer who both have outstanding leadership experience in the nuclear power field," said CP&L Chairman and Chief Executive Officer Sherwood H. Smith Jr. "The company will continue to seek excellent performance in all of its operations."
 Dividends at the prescribed rate for preferred stock are $1.25 per share on the $5 series; $1.05 per share on the $4.20 series; $1.36 on the $5.44 series; $1.93 on the $7.72 series; and $1.9875 on the $7.95 series.
 The preferred dividends are payable July 1, 1993, to shareholders of record as of June 16, 1993.
 CP&L serves more than 1 million customers in a 30,000-square-mile area covering much of central and eastern North Carolina, the Asheville area and the northeastern quarter of South Carolina.
 -0- 3/17/93 R
 /CONTACT: Wade Pridgen of Carolina Power & Light, 919-546-6189/
 (CPL)


CO: Carolina Power & Light ST: North Carolina IN: UTI SU: DIV PER

R-SB -- CH009R -- 7379 03/18/93 10:21 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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