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CP&L PLANS TO REDEEM BONDS

 RALEIGH, N.C., March 8 /PRNewswire/ -- On April 16, 1993, Carolina Power & Light (NYSE: CPL) plans to redeem in full $100 million in first mortgage bonds, 8 7/8 percent series due March 1, 2016.
 The redemption is subject to the deposit of sufficient cash with the trustee to make the redemption on April 16. The company intends to pay the bondholders 105.77 percent of the principal amount of the bonds, plus accrued and unpaid interest to April 16.
 -0- 3/8/93
 /CONTACT: Mike Hughes, Carolina Power & Light, 919-546-6189 (24-Hour Media Contact Line)/
 (CPL)


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

SB -- CH004 -- 4179 03/08/93 15:52 EST
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Publication:PR Newswire
Date:Mar 8, 1993
Words:115
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