-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BGOBkBrCf+JmAKAdJEQF7k2wq6THrYGWoKgda2hBCAVx1tfxgbcVJZsRsE6ey3Dh Ztggv/B5MI9zqqiW8nEsVQ== 0000357261-97-000012.txt : 19970130 0000357261-97-000012.hdr.sgml : 19970130 ACCESSION NUMBER: 0000357261-97-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970129 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970129 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLORIDA PROGRESS CORP CENTRAL INDEX KEY: 0000357261 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 592147112 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08349 FILM NUMBER: 97513412 BUSINESS ADDRESS: STREET 1: ONE PROGRESS PLZ STREET 2: SUITE 2600 CITY: ST PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 8138246400 MAIL ADDRESS: STREET 1: ONE PROGRESS PLZ STREET 2: SUITE 2600 CITY: ST PETERSBURG STATE: FL ZIP: 33701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLORIDA POWER CORP / CENTRAL INDEX KEY: 0000037637 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590247770 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03274 FILM NUMBER: 97513413 BUSINESS ADDRESS: STREET 1: 3201 34TH ST SOUTH CITY: ST PETERSBURG STATE: FL ZIP: 33711 BUSINESS PHONE: 8138665151 8-K 1 FLORIDA PROGRESS/FLORIDA POWER 1/29/97 FORM 8-K As filed with the Securities and Exchange Commission on January 29, 1997 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): January 29, 1997
Exact name of Registrant as specified Commission in its charter, address of principal State of I.R.S. Employer File No. executive offices, telephone number 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. 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 Annual Report on Form 10-K for the year ended December 31, 1996: Florida Power issued a news release dated January 29, 1997 reporting Florida Power's Crystal River Nuclear Plant being added to NRC watch list. A copy of the news release is being filed herewith as Exhibit 99.(a). Florida Progress issued an investor news release dated January 29, 1997 relating to the Crystal River 3 Nuclear Power Plant. A copy of the investor news release is being filed herewith as Exhibit 99.(b). 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 Power Corporation News Release dated January 29, 1997 reporting the Crystal River Nuclear Plant being added to NRC watch list. 99.(b) Florida Progress Corporation Investor News Release dated January 29, 1997 regarding the Crystal River 3 Nuclear Power plant. 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/ Jeffrey R. Heinicka By:____________________________ Jeffrey R. Heinicka Senior Vice President and Chief Financial Officer of each Registrant Date: January 29, 1997 EXHIBIT INDEX Exhibit No. Description of Exhibit 99.(a) Florida Power Corporation News Release dated January 29, 1997 reporting the Crystal River Nuclear Plant being added to NRC watch list. 99.(b) Florida Progress Corporation Investor News Release dated January 29, 1997 regarding the Crystal River 3 Nuclear Power plant. EX-99.(A) 2 EX 99.(A) TO PROGRESS/POWER 1/29/97 FORM 8-K EXHIBIT 99.(a) [LOGO OMITTED] Florida Power Corporation News Release Corporate Relations Department, St. Petersburg, Florida Media Contacts: Melodye Hendrix Karen Raihill (813) 866-4282 (813) 866-5023 FLORIDA POWER CORPORATION'S CRYSTAL RIVER NUCLEAR PLANT GOES ON NUCLEAR REGULATORY COMMISSION'S WATCH LIST St. Petersburg, FL (January 29, 1997) -- Officials at Florida Power Corporation today expressed disappointment at placement of the Crystal River 3 nuclear plant on the Nuclear Regulatory Commission's semi-annual "Watch List." The list identifies plants that will get increased attention from the NRC until a period of improved performance is demonstrated. "Our focus remains addressing the issues that both we and the NRC have raised so that the plant can achieve sustained improved performance in a safe, reliable, and cost-effective manner," said Joe Richardson, president and chief operating officer. The NRC cited the nuclear plant's 1996 decline in overall performance as the primary reason for putting the plant on the list. The Crystal River plant is in the category 2 designation of the Watch List, defined by the NRC as plants that are authorized to operate but will be closely monitored by the agency. In late 1996, the company began implementing a Management Corrective Action Plan to address the NRC's concern over performance. Areas cited for improvement included management oversight, engineering performance, operator performance, and regulatory compliance. "We are confident that we have a comprehensive plan that will help return the unit to top performance," Richardson said. The nuclear plant currently has been in an extended maintenance outage since September 2, 1996. The primary issue involves a loading problem with one of the plant's two emergency diesel generators that are part of the emergency core cooling system. Those generators would be activated in the event there is a loss of off-site power The NRC noted that attempts to further improve the safety margin of one of the generators during the plant's last refueling outage in the spring of 1996 should have been reviewed by the NRC prior to making the modifications. Florida Power Corporation Page 2 The company is currently evaluating options to address the generator issue. Assuming it can be successfully resolved by the fourth quarter of 1997, the plant is expected to return to service by year-end. Appearing on the Watch List is not expected to significantly affect the company's plans to restart the plant. Crystal River 3 is an 860-megawatt nuclear power plant located at Florida Power's Crystal River Energy Complex near the Gulf of Mexico in Citrus County. The plant has been in operation since 1977 and is Florida Power's only nuclear unit. Florida Power Corporation, the state's second-largest electric utility, is the principal subsidiary of St. Petersburg-based Florida Progress Corporation (NYSE:FPC) and serves 1.3 million customers in central and northern Florida. ### EX-99.(B) 3 EX 99.(B) TO PROGRESS/POWER 1/29/97 FORM 8-K EXHIBIT 99.(b) [LOGO OMITTED] Florida Progress Corporation Investor News Analyst Contacts: Mark A. Myers (813) 866-4245 Greg Beuris (813) 866-4442 Florida Power Corporation's Crystal River Nuclear Plant Added To NRC Watch List ST. PETERSBURG, Florida, January 29, 1997 -- Today the Nuclear Regulatory Commission (NRC) announced that Florida Power's Crystal River nuclear plant was placed on the NRC's Watch List as a category two plant. Category two is defined by the NRC as plants that are authorized to operate but will be closely monitored by the NRC. The NRC cited the nuclear plant's 1996 decline in engineering performance as one of the main reasons for placing the plant on the list. Also mentioned were modifications made to one of the plant's emergency diesel generators during its 1996 refueling outage which should have been reviewed by the NRC prior to making the modification. These are the same issues Florida Power has been addressing through its corrective action plan and were discussed at last week's NRC enforcement conference. Florida Power is disappointed that the NRC has placed its nuclear plant on the Watch List. The company's management is committed to implementing safe, reliable and cost effective solutions to resolve these issues. In late 1996, Florida Power began implementing the second phase of its Management Corrective Action Plan (MCAP) to address the NRC's concern over engineering performance. Florida Power's management is confident its MCAP is an effective plan that will return the unit to a superior performance level. The NRC acknowledged Florida Power's progress with MCAP and that implementing the thorough corrective actions in the plan would resolve the critical performance issues. IMPACT ON RESTART PLAN Placing the nuclear unit on the Watch List as a category two plant is not expected to significantly affect Florida Power's plans to restart its nuclear unit. Florida Power's restart team plans to complete its plan and present it to the NRC restart panel by the end of February. Florida Power is reviewing several options related to resolving a loading problem with one of its emergency diesel generators and expects the unit to return to service by the fourth quarter of 1997. Florida Progress (NYSE:FPC) is a Fortune 500 diversified utility holding company with assets of $5.3 billion. Its principal subsidiary is Florida Power, the state's second-largest electric utility with about 1.3 million customers. Diversified operations include coal mining, marine operations, rail services and life insurance. #### -----END PRIVACY-ENHANCED MESSAGE-----