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GULF POWER WANTS TO SELL BONDS

Gulf Power, which serves customers in Florida's western Panhandle, asked regulators Wednesday to allow the utility to sell bonds to replenish a depleted storm reserve and make up the cost of dealing with Hurricanes Ivan, Dennis and Katrina. If the Public Service Commission approves the plan, Gulf customers would pay off the bond holders with a surcharge on their monthly bill over eight years.

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