Rule 424(b)(2)
Reg. No. 33-56311
PRICING SUPPLEMENT NO. 1
Dated: May 11, 1995
(To Prospectus Supplement Dated December 1, 1994 and
To Prospectus Dated November 30, 1994)
Central Illinois Light Company
First Mortgage Bonds, Medium-Term Note Series
--------------
Principal Amount: $20,000,000
Interest Payment Dates: May 19 and November 19
Issue Date: May 19, 1995
Issue Price: 100%
Agent's Commission: .75%
Maturity Date: May 19, 2025
Net Proceeds to Company: 99.25%
Interest Rate: 7.73% per annum
Redemption: The Offered Bonds are not redeemable by the Company prior to May 19,
2005. On or after that date, the Offered Bonds will be redeemable by the
Company, in whole or in part, at any time upon not less than 30 days' notice (a)
at the Regular Redemption Prices set forth below, in each case plus accrued
interest to the redemption date, or (b) if redeemed with cash deposited under
the maintenance provisions of the Mortgage or by the use of proceeds of property
released pursuant to the eminent domain provisions of the Mortgage, at a price
equal to the principal amount, in each case plus accrued interest to the
redemption date, without premium.
<TABLE>
<CAPTION>
Regular Regular
Redemption Redemption
Year Price Year Price
---- ----- ---- -----
(If redeemed prior to May 19 of the calendar year stated
and subsequent to May 19 of the calendar year next preceding such year)
<S> <C> <C> <C> <C>
2006 103.865% 2011 101.932%
2007 103.479% 2012 101.546%
2008 103.092% 2013 101.160%
2009 102.706% 2014 100.773%
2010 102.319% 2015 100.387%
2016
and thereafter 100.000%
</TABLE>
Aplication of Proceeds: The net proceeds from the sale of the Offered Bonds
will be used to repay $14,500,000 of short-term debt having a current weighted
average interest rate of approximately 6.15% per annum which was incurred for
construction purposes and for general corporate purposes.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT, THE ACCOMPANYING PROSPECTUS
SUPPLEMENT OR THE ACCOMPANYING PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
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