As filed with the Securities and Exchange Commission on January 29, 1997 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): January 29, 1997 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. 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 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. 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, 1996: Florida Power issued a news release dated January 29, 1997 reporting Florida Power's Crystal River Nuclear Plant being added to NRC watch list. A copy of the news release is being filed herewith as Exhibit 99.(a). Florida Progress issued an investor news release dated January 29, 1997 relating to the Crystal River 3 Nuclear Power Plant. A copy of the investor news release is being filed herewith as Exhibit 99.(b). Item 7. Financial Statements and Exhibits (c) Exhibits: Exhibit Number (by reference to Item 601 of Regulation S-K) Description of Exhibit 99.(a) Florida Power Corporation News Release dated January 29, 1997 reporting the Crystal River Nuclear Plant being added to NRC watch list. 99.(b) Florida Progress Corporation Investor News Release dated January 29, 1997 regarding the Crystal River 3 Nuclear Power plant. 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/ Jeffrey R. Heinicka By:____________________________ Jeffrey R. Heinicka Senior Vice President and Chief Financial Officer of each Registrant Date: January 29, 1997 EXHIBIT INDEX Exhibit No. Description of Exhibit 99.(a) Florida Power Corporation News Release dated January 29, 1997 reporting the Crystal River Nuclear Plant being added to NRC watch list. 99.(b) Florida Progress Corporation Investor News Release dated January 29, 1997 regarding the Crystal River 3 Nuclear Power plant.