As filed with the Securities and Exchange Commission on July 16, 1997
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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):
July 15, 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 Quarterly Report on Form 10-Q for the period ended June 30, 1997:
Earnings. Florida Progress issued an Investor News report and a media
News Release each dated July 15, 1997 reporting 1997 second quarter earnings. A
copy of the Investor News report and the media News Release are being furnished
herewith as Exhibits 99.(a) and 99.(b), respectively.
Public Service Commission. The Florida Public Service Commission ("FPSC")
is conducting an investigation concerning matters arising out of Florida Power's
recent disclosure to the FPSC that a Florida Power employee who had been
involved in several recent FPSC dockets involving cogeneration matters
(including the approval of Florida Power's acquisition of the Tiger Bay
Cogeneration facility) had recently become engaged to be married to a former
FPSC staff attorney who also participated in a number of the same matters on
behalf of the FPSC. The FPSC had been unaware of the attorney's involvement
with the Florida Power employee. The FSPC has determined that it should review
its decisions made in the Pasco and Orlando cogeneration dockets so as to
provide parties an opportunity to present information to it concerning any bias
in the information presented by the attorney to the FPSC in rendering a
decision. In the absence of a showing of bias in that information, no further
review on the merits would be necessary. The FPSC did not order a review of the
Tiger Bay cogeneration facility buyout docket, given that the case was
stipulated by all parties and the possibility of bias appeared unlikely. The
FPSC will also rehear the Lake cogeneration matter on a number of issues
including the bias issue discussed above.
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 Investor News report dated July 15,
1997 reporting 1997 second quarter earnings.
99.(b) Florida Progress media News Release dated July 15,
1997 reporting 1997 second quarter earnings.
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. 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: July 15, 1997
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.(a) Florida Progress Investor News report dated July 15,
1997 reporting 1997 second quarter earnings.
99.(b) Florida Progress media News Release dated July 15,
1997 reporting 1997 second quarter earnings.