<ARTICLE> UT <MULTIPLIER> 1,000,000 <CIK> 0000357261 <NAME> FLORIDA PROGRESS CORPORATION <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <PERIOD-TYPE> YEAR <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,669 <OTHER-PROPERTY-AND-INVEST> 1,205 <TOTAL-CURRENT-ASSETS> 588 <TOTAL-DEFERRED-CHARGES> 92 <OTHER-ASSETS> 165 <TOTAL-ASSETS> 5,719 <COMMON> 1,148 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 836 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,984 <PREFERRED-MANDATORY> 30 <PREFERRED> 114 <LONG-TERM-DEBT-NET> 1,860 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 55 <LONG-TERM-DEBT-CURRENT-PORT> 53 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,623 <TOT-CAPITALIZATION-AND-LIAB> 5,719 <GROSS-OPERATING-REVENUE> 2,772 <INCOME-TAX-EXPENSE> 110 <OTHER-OPERATING-EXPENSES> 2,296 <TOTAL-OPERATING-EXPENSES> 2,406 <OPERATING-INCOME-LOSS> 366 <OTHER-INCOME-NET> (10) <INCOME-BEFORE-INTEREST-EXPEN> 356 <TOTAL-INTEREST-EXPENSE> 134 <NET-INCOME> 222 <PREFERRED-STOCK-DIVIDENDS> 10 <EARNINGS-AVAILABLE-FOR-COMM> 212 <COMMON-STOCK-DIVIDENDS> 186 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 533 <EPS-PRIMARY> 2.28 <EPS-DILUTED> 2.28