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HOUSTON LIGHTING & POWER COMPANY DECLARES DIVIDEND

 HOUSTON LIGHTING & POWER COMPANY DECLARES DIVIDEND
 HOUSTON, Nov. 5 /PRNewswire/ -- At a meeting held Wednesday, Nov. 4,


1992, the board of directors of Houston Lighting & Power Company (HL&P) declared a cash dividend of $1.50 on its Adjustable Rate Cumulative Preferred Stock, Series A, and a cash dividend of $1.50 on its Adjustable Rate Cumulative Preferred Stock Series B.
 The board also declared the regular quarterly dividends on the $6.72, $7.52, $8.12, $8.50, and $9.375 Series Preferred Stock.
 Series Quarterly Cash Number of Shares Quarterly Cash
 Dividend Amount Dividend Number
 $6.72 $1.68 250,000 98
 $7.52 $1.88 500,000 81
 $8.12 $2.03 500,000 61
 A $1.50 500,000 35
 B $1.50 500,000 30
 $8.50 $2.125 1,000,000 22
 $9.375 $2.34375 1,285,000 15
 All dividends are payable on Jan. 1, 1993 to shareholders of record at the close of business on Dec. 16, 1992.
 -0- 11/5/92
 /CONTACT: Sandy Brendler, 713-629-3123, or Dan Bulla, 713-629-3120, of Houston Industries Incorporated/
 (HOU) CO: Houston Lighting & Power Company ST: Texas IN: UTI SU: DIV


SH-KW -- NY072 -- 3076 11/05/92 11:56 EST
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.

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Publication:PR Newswire
Date:Nov 5, 1992
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