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CP&L DIRECTORS DECLARE DIVIDENDS

 RALEIGH, N.C., Dec. 8 /PRNewswire/ -- Carolina Power & Light's (NYSE: CPL) board of directors today declared an increase in the quarterly dividend on the company's common stock and also declared quarterly dividends on preferred stock.
 The quarterly common stock dividend of 42.5 cents per share is payable Feb. 1, 1994, to shareholders of record as of Jan. 10, 1994. That compares with the previous quarterly dividend of 41 cents per common share.
 Meeting in Raleigh, the directors also named William R. Robinson as vice president of the Harris Nuclear Plant. Robinson joined CP&L in March as plant general manager of the Harris plant. In addition, the directors approved a load forecast that projects peak electrical load to grow about 2.3 percent a year over the next 10 years.
 Dividends at the prescribed rate for the 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 April 1, 1994, to shareholders of record as of March 16, 1994.
 CP&L serves more than 1 million customers in a 30,000-square-mile area which includes much of central and eastern North Carolina, an area around Asheville in western North Carolina and the northeastern quarter of South Carolina.
 -0- 12/8/93
 /CONTACT: Wade Pridgen of CP&L, 919-546-6189 (24-Media Line)
 (CPL)


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

MM -- CH007 -- 1815 12/08/93 13:49 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:269
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