Original User: crai3945
Oops, sorry, I only answered the first part of your question.
The light labels are stored in fields on the AidsToNavigationP feature class. You can use the Paper Chart View from the Nautical Symbology toolbar, and this will set all labels in the mxd, it will also set the labels to the correct position relative to the features (sets soundings on point, for example), and it will set the label formatting (italic, font size, color, for example). It does other things as well, like making sure that all layers in TOC are in correct order.
It looks like you either already have some of your labels turned on, or maybe you already have created some annotation. If that is the case, you can also just use the Label Manager tool to turn on the labels for the fields in AidsToNavigationP that have an "_TXT" appended to them.
Again, let me know if you have more questions, I am happy to answer them for you, so please do not hesitate to ask more.
Thanks.