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SAN DIEGO GAS & ELECTRIC ISSUES $60 MILLION IN POLLUTION CONTROL BONDS

 SAN DIEGO, June 23 /PRNewswire/ -- San Diego Gas & Electric today issued $60 million in pollution control bonds to finance air and water pollution control and sewage and waste disposal facilities at the San Onofre Nuclear Generating Station.
 Because these projects could be financed with pollution control bonds instead of traditional first mortgage bonds, customers will save $19 million in interest costs over the next 28 years.
 The bonds were issued with a true interest cost of 5.97 percent, with a maturity in 2021, at an interest rate of 5.85 percent. Interest payments will be June 1 and Dec. 1 of each year, commencing on Dec. 1, 1993. The bonds are optionally callable in 10 years at 102 percent. The bonds are rated A+ by Standard and Poor's, and Aa3 by Moody's Investor Service.
 The sale was managed by Goldman, Sachs & Co., Girard Securities Inc. and Grigsby Brandford & Co. Inc.
 -0- 6/23/93
 /CONTACT: Gretchen Griswold of SDG&E, 619-696-4309/


CO: San Diego Gas & Electric ST: California IN: UTI SU:

EH-MF -- SD001 -- 5091 06/23/93 14:59 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
Words:181
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