As filed with the Securities and Exchange Commission on April 22, 1998 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): April 17, 1998 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 quarter ended March 31, 1998: Florida Progress issued an Investor News report and a media News Release, each dated April 17, 1998, to report an increase in its 1998 first-quarter earnings. A copy of the Investor News report and the media News Release are being furnished herewith as Exhibit 99.(a) and 99.(b), respectively. Florida Progress also issued a media News Release dated April 17, 1998 to report Dr. Jack Critchfield's retirement as Chairman of the Board of Florida Progress. A copy of the media News Release is being furnished 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 Investor News report dated April 17, 1998 reporting an increase in 1998 first-quarter earnings. 99.(b) Florida Progress media News Release dated April 17, 1998 reporting an increase in 1998 first-quarter earnings. 99.(c) Florida Progress media News Release dated April 17, 1998 announcing Dr. Jack Critchfield's retirement. 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. 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: April 17, 1998 EXHIBIT INDEX Exhibit No. Description of Exhibit 99.(a) Florida Progress Investor News report dated April 17, 1998 reporting an increase in 1998 first-quarter earnings. 99.(b) Florida Progress media News Release dated April 17, 1998 reporting an increase in 1998 first-quarter earnings. 99.(c) Florida Progress media News Release dated April 17, 1998 announcing Dr. Jack Critchfield's retirement.