As filed with the Securities and Exchange Commission on April 21, 1999


                        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 16, 1999




                  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 (727) 824-6400

 1-3274           FLORIDA POWER CORPORATION                      Florida         59-0247770
                  One Progress Plaza
                  St. Petersburg, Florida 33701
                  Telephone (727) 820-5151




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 March 31, 1999.

     Florida  Progress  issued an  Investor  News  report  dated  April 16, 1999
reporting  1999 first  quarter  earnings.  A copy of the Investor News report is
being furnished herewith as Exhibit 99.(a).

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 16,
                       1999 reporting 1999 first 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.


                                          FLORIDA PROGRESS CORPORATION

                                          FLORIDA POWER CORPORATION

                                              /s/Pamela A. Saari
                                          By:____________________________
                                              Pamela A. Saari
                                              Treasurer of each Registrant



Date:  April 16, 1999







                               EXHIBIT INDEX



Exhibit No.                         Description of Exhibit


99.(a)                 Florida  Progress  Investor  News report  dated April 16,
                       1999 reporting 1999 first quarter earnings.