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CP&L PLANS TO REDEEM BONDS

 RALEIGH, N.C., Feb. 23 /PRNewswire/ -- Carolina Power & Light (NYSE: CPL) is sending notice on Feb. 23 to the holders of its First Mortgage Bonds, 8 1/2 percent series due Oct. 1, 2007, of its intention to partially redeem $82.549 million of the 8 1/2 percent series on March 25, 1993.
 The notice is subject to the deposit of sufficient cash with the trustee to make the redemption on March 23. The company intends to pay the holders of the bonds selected for redemption a special redemption price of 100.26 percent of par on the 8 1/2 percent series, plus accrued interest to March 25.
 -0- 2/23/93
 /CONTACT: Mike Hughes, Carolina Power & Light, 919-546-6189/
 (CPL)


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

MM -- CH008 -- 9407 02/23/93 12:16 EST
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Publication:PR Newswire
Date:Feb 23, 1993
Words:141
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