RULE 424(b)(3)
File No. 33-60014
PRICING SUPPLEMENT NO. 7 DATED: December 20, 1994
(To Prospectus dated September 1, 1993, as supplemented
September 1, 1993)
CAROLINA POWER & LIGHT COMPANY
Secured Medium-Term Notes, Series C
Due From Nine Months to Thirty Years From Date of Issue
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Form of Offered Notes: CUSIP No. 14414E AU 4
Check blank opposite applicable sentence:
X The Offered Notes will be in global book-entry form.
---
The Offered Notes will be in certificated form.
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Issue Price: The Offered Issue Date: December 28, 1994
Notes will be resold to Maturity Date: December 27, 1996
investors and other Interest Payment Dates: May 1 &
purchasers at varying November 1
prices related to Record Dates: April 15 &
prevailing market prices October 15
at the time or times of
resale.
Principal Amount: $50,000,000
Net Proceeds to CP&L: $49,945,000
Interest Rate:
If Offered Notes have a Fixed Rate:
Interest Rate: 7.90%
If Offered Notes have a Floating Rate:
Base Rate:
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Initial Interest Rate:
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Maximum Interest Rate:
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Minimum Interest Rate:
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Interest Reset Dates:
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Interest Reset Period:
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Spread [+/-]:
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Spread Multiplier:
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Calculation Date:
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Interest Determination
Dates:
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Index Maturity:
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Redemption:
Check blank opposite applicable sentence:
X The Offered Notes cannot be redeemed prior to
--- maturity.
The Offered Notes may be redeemed prior to
--- maturity.
Terms of Redemption:
Par Date: Initial Redemption Date:
Limitation Date: Initial Percentage:
Reduction Percentage:
Additional Terms:
Agency Transaction [ ]*
or
Principal Transaction [X]*
Name of Principal: Prudential Securities Inc.
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* If the Agency Transaction box is checked, the Offered Notes
are being offered directly by CP&L through any Agent, acting
as agent for CP&L. If the Principal Transaction box is
checked, however, the Offered Notes have been sold to the
Agent as principal for resale to purchasers upon terms
described in the Prospectus Supplement. If the Principal
Transaction box is checked and the Offered Notes are being
offered by the Agent as principal, the Offered Notes were
purchased by the Agent from CP&L at a price determined as
provided in the Prospectus Supplement unless otherwise
stated in the space which follows:
