Date of Report (Date of earliest event reported): August 31, 2005
| Commission File Number | Exact names of registrants as specified in their charters, address of principal executive offices, telephone number and state of incorporation | IRS Employer Identification Number |
|---|---|---|
| 1-15929 1-8349 1-3274 | PROGRESS ENERGY, INC. 410 South Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6111 State of Incorporation: North Carolina FLORIDA PROGRESS CORPORATION 410 South Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6111 State of Incorporation: Florida FLORIDA POWER CORPORATION d/b/a Progress Energy Florida, Inc. 100 Central Avenue St. Petersburg, Florida 33701-3324 Telephone: (727) 820-5151 State of Incorporation: Florida | 56-2155481 59-2147112 59-0247770 |
| None | |||||
| (Former Name or Former Address, if Changed Since Last Report) | |||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
This combined Form 8-K is filed separately by three registrants: Progress Energy, Inc., Florida Progress Corporation and Florida Power Corporation d/b/a Progress Energy Florida, Inc. Information contained herein relating to any individual registrant is filed by such registrant solely on its own behalf, and is not, and shall not, be deemed to be filed or disclosed by any other registrant.
Item 8.01 Other Events.
On August 31, 2005, Florida Power Corporation d/b/a Progress Energy Florida, Inc. (“PEF”) and all of the intervenors in its rate case filing signed a Stipulation and Settlement Agreement (the “Agreement”) regarding PEF’s retail base rates. The Agreement, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference, is subject to approval by the Florida Public Service Commission (“FPSC”). If approved, the Agreement would (i) resolve all matters in PEF’s pending retail rate case and (ii) result in the dismissal of several appeals to the Florida Supreme Court of the FPSC’s recent order authorizing PEF to collect more than $232 million in costs associated with PEF’s 2004 hurricane restoration efforts.
Caution regarding forward-looking statements:
This report contains forward-looking information within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Progress Energy Inc. (“Progress Energy”), Florida Progress Corporation (“FPC”) and PEF caution that there can be no assurance that approval of the Stipulation and Settlement Agreement will be received from the FPSC. Failure to obtain such approval would result in a continuation of PEF’s currently filed rate case, the results of which cannot be determined. Progress Energy, PFC and PEF expressly disclaim any duty to update any of the forward-looking information.
Item 9.01 – Financial Statements and Exhibits
(c) Exhibits
99.1 Stipulation and Settlement Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| PROGRESS ENERGY, INC., FLORIDA PROGRESS CORPORATION and FLORIDA POWER CORPORATION d/b/a PROGRESS ENERGY FLORIDA, INC. Registrants By:/s/ Jeffrey M. Stone Jeffrey M. Stone Controller (Chief Accounting Officer) |
Date: August 31, 2005
