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FLORIDA POWER CORPORATION FILES SHELF REGISTRATION FOR $255 MILLION OF FIRST MORTGAGE BONDS

 ST. PETERSBURG, Fla., Jan. 26 /PRNewswire/ -- Florida Power Corporation, a subsidiary of St. Petersburg-based Florida Progress Corporation (NYSE: FPC) today filed a shelf registration with the Securities and Exchange Commission to register $255 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.
 Unless otherwise indicated in the applicable prospectus supplement relating to the bonds, proceeds from the sale will be used for the repayment of Florida Power's commercial paper and for general corporate purposes.
 Headquartered in St. Petersburg, Florida Power is the state's second largest investor-owned 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- 1/26/93
 /CONTACT: Will Rodgers of Florida Power Corporation, 813-866-4782/
 (FPC)


CO: Florida Power Corporation ST: Florida IN: UTI SU:

JB-JJ -- FL010 -- 9141 01/26/93 14:12 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:208
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