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CP&L REPORTS THIRD QUARTER EARNINGS

 CP&L REPORTS THIRD QUARTER EARNINGS
 RALEIGH, N.C., Oct. 21 /PRNewswire/ -- Carolina Power & Light


(NYSE: CPL) today reported earnings of $1.80 per share of common stock for the third quarter of 1992, compared to earnings per share of $1.86 for the same period in 1991. Net income for the quarter totaled $145.4 million, compared to net income of $152.5 million for the third quarter 1991.
 Operating revenues for the quarter totaled $824.3 million, an increase of 4.6 percent compared to the third quarter of 1991. The increase in revenues for the quarter reflects increased energy usage, primarily by industrial and wholesale customers. This increase in revenues was offset by increased expenses resulting primarily from the outage at the company's Brunswick Nuclear Plant.
 For the 12 months ending Sept. 30, 1992, CP&L reported earnings per share of $4.50 and net income of $367.9 million. This compares to earnings per share of $4.11 and net income of $344.7 million for the same period last year. Operating revenues for the 12 months ending Sept. 30, 1992, totaled $2.7 billion, an increase of one percent compared to the same period a year ago. Tax-related adjustments recorded in the fourth quarter of 1990 reduced earnings for the prior 12-month period.
 Company energy sales rose six percent for the third quarter of 1992 and more than four percent for the 12 months ending Sept. 30, 1992.
 CP&L serves more than one million customers in central and eastern North Carolina, an area around Ashevillle in western North Carolina, and the Pee Dee area of South Carolina.
 CAROLINA POWER & LIGHT CO. (CPL)
 EARNINGS RELEASE FOR PERIOD ENDING 9/30/92
 (OOO's except for EPS)
 Three Months Ended Twelve Months Ended
 Sept. 30 Sept. 30
 1992 1991 1992 1991
 Revenue $824,318 $787,810 $2,728,730 $2,693,308
 Net Income $145,404 $152,460 $ 367,926 $ 344,671
 Earnings Per Share
 of Common Stock $ 1.80 $ 1.86 $ 4.50 $ 4.11
 Average Common
 Stock Outstanding
 (000's) 80,368 80,368 80,368 80,368
 Footnote: Tax-related adjustments recorded in the fourth quarter of 1990 reduced earnings for the 12-month period ending September 30, 1991.
 -0- 10/21/92
 /CONTACT: Kyle Hampton or Wade Pridgen, Corporate Communications, Carolina Power & Light, (Direct Line 24-hours) 919-546-6189/
 (CPL) CO: Carolina Power & Light Company ST: North Carolina IN: UTI SU: ERN


MM-CM -- CH005 -- 2887 10/21/92 12:22 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:413
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