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FLORIDA POWER CORPORATION FILES SHELF REGISTRATION FOR $250 MILLION OF FIRST MORTGAGE BONDS

 FLORIDA POWER CORPORATION FILES SHELF REGISTRATION
 FOR $250 MILLION OF FIRST MORTGAGE BONDS
 ST. PETERSBURG, Fla., July 23 /PRNewswire/ -- Florida Power Corporation, a subsidiary of St. Petersburg-based Florida Progress Corporation (NYSE: FPC) filed Tuesday a shelf registration with the Securities and Exchange Commission to register $250 million of first mortgage bonds.
 Terms of the sale of the bonds as well as the underwriters, if any, will be determined at the time of the sale.
 Net proceeds from the sale will be used to reduce Florida Power's short-term debt and for general corporate purposes.
 Headquartered in St. Petersburg, Fla., Florida Power is the state's second largest electric utility, serving about 1.2 million customers in central and northern Florida.
 The Securities and Exchange Commission has not yet declared the registration statement effective, and offers and sales of the bonds may not be made prior to such time. This communication shall not constitute an offer to sell, or the solicitation of an offer to buy, the bonds. Such offers and sales may only be made pursuant to a prospectus.
 -0- 7/23/92
 /CONTACT: Rick Janka of Florida Power Corporation, 813-866-4406/
 (FPC) CO: Florida Power Corporation ST: Florida IN: UTI SU:


SS-AR -- FL013 -- 2464 07/23/92 11:28 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:208
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