As filed with the Securities and Exchange Commission on October 23, 1996
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 22, 1996
<TABLE>
<CAPTION>
Exact name of Registrant as specified
Commission in its charter, address of principal State of I.R.S. Employer
File No. executive offices, telephone number Incorporation Identification No.
<S> <C> <C> <C>
1-8349 FLORIDA PROGRESS CORPORATION Florida 59-2147112
One Progress Plaza
St. Petersburg, Florida 33701
Telephone (813) 824-6400
1-3274 FLORIDA POWER CORPORATION Florida 59-0247770
3201 34th Street South
St. Petersburg, Florida 33711
Telephone (813) 866-5151
</TABLE>
The address of neither registrant has changed since the last report.
This combined Form 8-K represents separate filings by Florida Progress
Corporation and Florida Power Corporation. Florida Power makes no
representations as to the information relating to Florida Progress'
diversified operations.
<PAGE>
Item 5. Other Events
In light of ongoing securities offerings by Florida Progress Corporation
("Florida Progress") and its subsidiaries, including Florida Power Corporation
("Florida Power") and Progress Capital Holdings, Inc., the following
information is being presented pending distribution of the combined Florida
Progress and Florida Power Quarterly Report on Form 10-Q for the quarter ended
September 30, 1996:
Florida Power issued a news release dated October 22, 1996 relating to a
maintenance outage at Crystal River 3 Nuclear Power Plant. A copy of the news
release is being filed herewith as Exhibit 99.
Item 7. Financial Statements and Exhibits
(c) Exhibits:
Exhibit Number (by
reference to Item 601
of Regulation S-K) Description of Exhibit
99 Florida Power Corporation News Release dated October
22, 1996 regarding Crystal River 3 Nuclear Power Plant
maintenance outage.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FLORIDA PROGRESS CORPORATION
FLORIDA POWER CORPORATION
/s/ James V. Smallwood
By:____________________________
James V. Smallwood
Vice President and Treasurer
of each Registrant
Date: October 22, 1996
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99 Florida Power Corporation News Release dated October 22, 1996
regarding Crystal River 3 Nuclear Power Plant maintenance
outage.
EXHIBIT 99
Florida Power Corporation
NEWS RELEASE
Corporate Relations Department, St. Petersburg, Florida
Media Contact:
Melodye Hendrix
(813) 866-4282
FOR IMMEDIATE RELEASE
Florida Power Corporation Crystal River 3 Nuclear Power Plant
To Remain In Maintenance Outage
(October 22, 1996- Crystal River, FL)- Florida Power Corporation
officials have initiated an extended maintenance outage for the Crystal River 3
(CR3) nuclear power plant to review and analyze technical issues regarding plant
design and equipment operating margins. While the unit was off line for
unrelated maintenance, FPC found several design basis issues that require
further study. The key issues involve the potential capacity of an emergency
diesel generator and piping concerns in the emergency feedwater system.
Company-appointed evaluation teams, which include external nuclear
experts, will conduct the review and develop interim and longer-term solutions
to assure that all plant systems meet performance requirements. The duration of
the outage will be determined after the review is completed. Due to the extent
of the evaluation and the anticipated regulatory consultations, FPC officials do
not expect to restart the plant before the end of the year.
"We believe that the most prudent management action is to take the time
needed to completely review these issues and develop a corrective action plan
before restarting the plant," said Pat Beard, senior vice president for nuclear
operations.
(continued)
<PAGE>
Florida Power Corporation
CR3 extended maintenance outage
page 2.
CR3 was taken off line on September 2 to make repairs to a
lubricating-oil pipe leading to the main turbine generator. The extended outage
is unrelated to both the "lube-oil" pipe repairs and to a recent investigation
involving a coin found in an oil strainer.
FPC anticipates no problem serving customer load requirements over this
autumn period as demand for electricity typically falls off between the summer
cooling and winter heating seasons. The company will conduct scheduled
maintenance outages at its other power plants as planned. In addition to its own
generating units, the company also is able to buy from other suppliers and use
its energy management system to reduce peak demand.
CR3 is an 860-megawatt nuclear power plant located at Florida Power
Corporation's Crystal River Energy Complex near the Gulf of Mexico in Citrus
County. CR3 has been in operation since 1977. Because of the current maintenance
outage and an extended refueling outage this past spring, 1996 operating results
will drop below the plant's strong record of the past three years which averaged
89.4% in capacity with an availability factor of 89.2%.
Florida Power Corporation is the principal subsidiary of St.
Petersburg-based Florida Progress Corporation (NYSE: FPC) and serves 1.3 million
customers in central and northern Florida.
