As filed with the Securities and Exchange Commission on February 24, 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):
February 20, 1997
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
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.
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:
Dividend. Florida Progress issued an Investor News report dated February
20, 1997 and a News Release of even date therewith reporting the declaration of
a cash dividend of 52 1/2 cents per share on the Company's Common Stock, a
dividend growth rate of about 2 percent. A copy of the Investor News report and
the News Release are being filed herewith as Exhibit 99.(a) and 99.(b),
respectively.
Fuel Adjustment. Florida Progress issued an Investor News report dated
February 20, 1997 reporting the approval by the Florida Public Service
Commission of an increase in Florida Power's fuel costs. A copy of the Investor
News report is being filed herewith as Exhibit 99.(c).
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 Progress Corporation Investor News report dated
February 20, 1997 regarding the annual dividend rate.
99.(b) Florida Progress Corporation News Release dated February
20, 1997 regarding the annual dividend rate.
99.(c) Florida Progress Corporation Investor News report dated
February 20, 1997 regarding the approval of an increase
in Florida Power's fuel costs.
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: February 20, 1997
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.(a) Florida Progress Corporation Investor News report dated
February 20, 1997 regarding annual dividend rate.
99.(b) Florida Progress Corporation News Release dated February 20,
1997 regarding annual dividend rate.
99.(c) Florida Progress Corporation Investor News report dated
February 20, 1997 regarding the approval of an increase in
Florida Power's fuel costs.