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PUGET POWER ANNOUNCES REDEMPTION OF 8 7/8 PERCENT BONDS

 PUGET POWER ANNOUNCES REDEMPTION OF 8 7/8 PERCENT BONDS
 BELLEVUE, Wash., May 22 /PRNewswire/ -- Puget Sound Power & Light Co. (NYSE: PSD) today announced that redemption notices have been mailed to holders of the company's $40 million, 8 7/8 percent first mortgage bonds due Oct. 1, 2006. The redemption date is June 22, 1992, at which time outstanding principal and accrued interest will be paid.
 Redemption will be made at the special redemption price of 100.00 percent of the principal amount of the bonds, and will be effected through the application of cash deposited for the depreciation fund.
 -0- 5/22/92
 /CONTACT: Robert C. Wood of Puget Power & Light, 206-462-3857/
 (PSD) CO: Puget Sound Power & Light Co. ST: Washington IN: UTI SU:


TB-JH -- SE001 -- 3242 05/22/92 11:00 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:134
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