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CP&L PLANS TO REDEEM BONDS

 RALEIGH, N.C., Feb. 24 /PRNewswire/ -- On April 1, 1993 Carolina Power & Light (NYSE: CPL) plans to redeem in full $70 million in First Mortgage Bonds, 7 3/4 percent series due Oct. 1, 2001.
 The redemption is subject to the deposit of sufficient cash with the trustee to make the redemption on April 1, 1993. The company intends to pay the bondholders the principal amount of the bonds at the redemption price of $102.30, plus accrued and unpaid interest to April 1, 1993.
 -0- 2/24/93
 /CONTACT: Wade Pridgen, Carolina Power & Light, 919-546-6189/
 (CPL)


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

MM -- CH011 -- 0125 02/24/93 17:39 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:116
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