CAROLINA POWER <CPL> TO REDEEM PREFERRED STOCK
Carolina Power and Light Co said
it will redeem on April 22 all two mln shares of its 2.675 dlr
preferred stock, series A.
    The company said it will pay 25.75 dlrs a share plus
accrued dividends of 15.6 cts.
    The redemption, Carolina Power said, will substantially
reduce its operating costs.
 Reuter
