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SOUTHEASTERN PUBLIC SERVICE COMPANY REPORTS RESULTS

 SOUTHEASTERN PUBLIC SERVICE COMPANY REPORTS RESULTS
 MIAMI, Oct. 15 /PRNewswire/ -- Southeastern Public Service


Company (PSE) today announced the results for the three months and the six months ended Aug. 31, 1992.
 For the three months ended Aug. 31, 1992, the company had revenues of $59.5 million compared to $57.7 million and net earnings of $3.0 million ($.25 per share), compared to $3.3 million ($.28 per share) in the prior year's comparable quarter.
 For the six months ended Aug. 31, 1992, the company had revenues of $115.9 million compared to $116.5 million and net earnings of $4.7 million ($.40 per share), compared to net earnings of $3.4 million ($.29 per share) in the prior year's comparable six months period.
 SOUTHEASTERN PUBLIC SERVICE COMPANY AND SUBSIDIARIES
 For The Three Months For The Six Months
 Ended Aug. 31, Ended Aug. 31,
 1992 1991 1992 1991
 (In thousands except per share amounts)
 Operating revenues $59,542 57,653 115,923 116,528
 Operating profit 2,593 2,456 5,215 6,525
 Interest expense
 (net of interest
 income) (2,246) (2,683) (4,631) (5,439)
 Other income
 (expense) (71) 1,527 (1,372) 1,681
 Earnings (loss) before
 income taxes and equity
 in net earnings of
 affiliates 276 1,300 (788) 2,767
 (Provision for) benefit
 from income taxes (40) (454) 272 (733)
 236 846 (516) 2,034
 Equity in net earnings
 of affiliates 2,722 2,438 5,219 1,337
 Net earnings $2,958 3,284 4,703 3,371
 Earnings per share $.25 .28 .40 .29
 Average shares
 outstanding 11,655 11,655 11,655 11,655
 -0- 10/15/92
 /CONTACT: Charles Nolan of Southeastern Public Service Company, 305-866-7771/ CO: Southeastern Public Service Company ST: Florida IN: SU: ERN


JB-SS -- FL013 -- 0719 10/15/92 18:11 EDT
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Date:Oct 15, 1992
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