As filed with the Securities and Exchange Commission on February 10, 1998
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):
February 9, 1998
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Exact name of Registrant as
Commission specified in its charter, address State of I.R.S. Employer
File No. of principal executive offices, telephone Incorporation Identification No.
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
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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. Information contained herein relating
to an individual registrant is filed by that registrant on its own behalf.
Florida Power makes no representations as to the information relating to Florida
Progress' diversified operations.
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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 Annual Report on Form 10-K for the year ended December 31, 1997:
Florida Progress issued an Investor News report dated February 9, 1998 to
provide an update concerning the Florida Power Crystal River Nuclear Plant. A
copy of the Investor News report is being furnished 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 Progress Investor News report dated February 9,
1998 concerning Florida Power's Crystal River Nuclear
Plant.
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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. The signature of the undersigned on behalf
of each listed company shall be deemed to relate only to matters having
reference to such company.
FLORIDA PROGRESS CORPORATION
FLORIDA POWER CORPORATION
/s/Pamela A. Saari
By:____________________________
Pamela A. Saari
Assistant Treasurer
of each Registrant
Date: February 9, 1998
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
99 Florida Progress Investor News report dated February 9,
1998 concerning Florida Power's Crystal River Nuclear
Plant.
EXHIBIT 99
Florida Progress Corporation
Investor News
[LOGO OMITTED]
Analyst Contacts:
Mark A. Myers (813) 866-4245
Greg Beuris (813) 866-4442
Crystal River Nuclear Plant Returns to Service
St. Petersburg, Florida, February 9, 1998 -- Florida Power Corporation's Crystal
River nuclear plant was returned to service over the weekend after being out of
service for about 16 months. The plant is currently operating at about
70-percent of its productive capacity and is expected to reach 100-percent
capacity sometime this week.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: this news release contains a forward looking statement regarding
the power ascension phase of the restart of the nuclear plant. This statement
involves risks and uncertainties that could cause actual results or outcomes
to differ materially from expectations. Key factors that could have a direct
impact on actual results include various factors that could impact the
successful escalation of power of the nuclear plant, such as the timing and
nature of actions by the NRC, potential new plant modifications not foreseen at
this time which could impact the operation of the plant and other factors
described in the company's Securities and Exchange Commission filings.
Florida Progress (NYSE:FPC) is a Fortune 500 diversified utility holding company
with assets of $5.8 billion. Its principal subsidiary is Florida Power, the
state's second-largest electric utility with about 1.3 million customers.
Diversified operations include coal mining, marine operations and rail services.
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