01/20/94 PricSp13.Fin
Pricing Supplement No. 13 Rule 424(b)(3)
Dated January 20, 1994 File No. 33-53056
(To Prospectus dated October 21, 1992 and
Prospectus Supplement dated October 29, 1992)
$450,000,000
PUGET SOUND POWER & LIGHT COMPANY
Secured Medium-Term Notes, Series B
Due from Nine Months to Thirty Years from Date of Issue
Principal Amount: $55,000,000
Issue Price: 100%
Original Issue Date: February 1, 1994
Maturity Date: February 1, 2024
Interest Rate: 7.35%
Form: X Book Entry Certificated
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Redemption: The Notes cannot be redeemed prior to maturity.
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X The Notes may be redeemed prior to maturity.
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Initial Redemption Date: February 1, 2004
The Notes will not be redeemable prior to February 1, 2004. On that
date, the Redemption Price shall be 103.68% of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the Initial
Redemption Date by .3675% until February 1, 2014 from and after which date
the Redemption Price shall be 100% of the principal amount to be redeemed.
Agents' Discount or Commission: 0.75%
Salomon Brothers Inc has agreed to purchase the Notes as principal in this
transaction for resale to one or more investors at varying prices related to
prevailing market conditions at the time or times of resale as determined by
Salomon Brothers Inc.
