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FPL TO REDEEM FIRST MORTGAGE BONDS

 MIAMI, Jan. 29 /PRNewswire/ -- Florida Power & Light Company today announced plans to redeem on March 1, 1993 all $50 million of its 8.0 percent Series first mortgage bonds due June 1, 1999.
 FPL plans to pay a redemption price of 101.9 percent of the principal amount, plus accrued interest to the date of redemption. To receive payment, registered holders should present bonds to Bankers Trust Company of New York, the corporate trustee handling the redemption. A Notice of Intention to Redeem has been mailed to each bondholder for this purpose.
 The redemption is part of FPL's continuing effort to reduce interest expense associated with the financing of electric facilities.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 1/29/93
 /CONTACT: Kathy Scott of Florida Power & Light, 305-552-3894 or 305-552-3895/
 (FPL)


CO: Florida Power & Light ST: Florida IN: UTI SU:

AW-JJ -- FL003 -- 0762 01/29/93 12:32 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:166
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