Printer Friendly

FLORIDA POWER ANNOUNCES SALE OF CITRUS COUNTY AND PASCO COUNTY BONDS

FLORIDA POWER ANNOUNCES SALE OF CITRUS COUNTY AND PASCO COUNTY BONDS
 ST. PETERSBURG, Fla., Aug. 19 /PRNewswire/ -- Florida Power Corporation, a subsidiary of St. Petersburg-based Florida Progress Corporation (NYSE: FPC), announced today the sale for its benefit of $90 million Citrus County Pollution Control Refunding Revenue Bonds and $10,115,000 Pasco County Pollution Control Refunding Revenue Bonds to The First Boston Corporation and J.P. Morgan Securities Inc. as underwriters. The bonds will bear interest at a rate of 6.35 percent per annum and will mature on Feb. 1, 2022.
 The underwriters will offer the bonds to the public at a price of 99.75 percent of the principal amount thereof. The yield on the bonds at the initial public offering price is 6.369 percent.
 The proceeds of the Citrus County bonds will be used to refinance pollution control bonds issued in 1979 and 1982 by Citrus County, which financed in part the acquisition, construction and installation of pollution control, sewage and solid waste disposal facilities at Florida Power's Crystal River Energy Complex.
 Proceeds of the Pasco County bonds will be used to refinance pollution control bonds issued in 1974 by Pasco County, which financed the acquisition, construction and installation of pollution control and sewage facilities at the company's Anclote power plant.
 Headquartered in St. Petersburg, Florida Power is the state's second largest electric utility, serving about 1.2 million customers in central and northern Florida.
 -0- 8/19/92
 /CONTACT: Sally Everett of Florida Progress, 813-824-6440/
 (FPC) CO: Florida Power Corporation ST: Florida IN: UTI SU:


JB-AW -- FL009 -- 1478 08/19/92 16:34 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 19, 1992
Words:269
Previous Article:QUANEX ANNOUNCES REDEMPTION OF REMAINING 9-1/8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES
Next Article:FLORIDA REGIONAL STOCK REPORT FOR WEDNESDAY, AUG. 19
Topics:


Related Articles
FPL BACKS $45.75 MILLION IN TAX-EXEMPT BONDS
FPL BACKS $86.35 MILLION IN TAX-EXEMPT BONDS
FLORIDA POWER CORPORATION UPDATED DAMAGE ESTIMATES -- 3 P.M. THURSDAY
FLORIDA POWER CORPORATION UPDATE ON RESTORATION EFFORTS - 9:30 A.M. FRIDAY
FLORIDA POWER CORPORATION UPDATED DAMAGE ESTIMATES -- 5 P.M. WEDNESDAY
Dana Commercial Credit Acquires Interest In Pasco County Cogeneration Facility
Florida Power Kicks Off Its 100th Anniversary With Two Community Events.
Florida Power Expands Home Wiring Service to 32 Central And Northern Florida Counties.
Florida Power Corporation's Mike Lewis will become Coastal Vice President.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters