0001193125-12-472712.txt : 20121115 0001193125-12-472712.hdr.sgml : 20121115 20121115170150 ACCESSION NUMBER: 0001193125-12-472712 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20121115 DATE AS OF CHANGE: 20121115 SUBJECT COMPANY: 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: 0920 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-179835-01 FILM NUMBER: 121209402 BUSINESS ADDRESS: STREET 1: 100 CENTRAL AVENUE CITY: ST. PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 7278205151 MAIL ADDRESS: STREET 1: 100 CENTRAL AVENUE CITY: ST. PETERSBURG STATE: FL ZIP: 33701 FORMER COMPANY: FORMER CONFORMED NAME: FLORIDA POWER CORP / DATE OF NAME CHANGE: 19950829 FILED BY: 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: 0920 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 100 CENTRAL AVENUE CITY: ST. PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 7278205151 MAIL ADDRESS: STREET 1: 100 CENTRAL AVENUE CITY: ST. PETERSBURG STATE: FL ZIP: 33701 FORMER COMPANY: FORMER CONFORMED NAME: FLORIDA POWER CORP / DATE OF NAME CHANGE: 19950829 FWP 1 d440697dfwp.htm FWP FWP

Filed pursuant to Rule 433

November 15, 2012

Relating to

Preliminary Prospectus Supplement dated November 15, 2012 to

Prospectus dated March 1, 2012

Registration Statement No. 333-179835-01

Florida Power Corporation

d/b/a Progress Energy Florida, Inc.

First Mortgage Bonds,

$250,000,000 0.65% Series due 2015

$400,000,000 3.85% Series due 2042

Pricing Term Sheet

 

Issuer:    Florida Power Corporation d/b/a Progress Energy Florida, Inc.
Trade Date:    November 15, 2012
Settlement Date:    November 20, 2012; T + 3
Interest Payment Dates:    May 15 and November 15, beginning on May 15, 2013
Ratings (Moody’s/S&P/Fitch) *:    A2 (stable) / A (negative)/ A (negative)    A2 (stable) / A (negative)/ A (negative)
Security Description:    First Mortgage Bonds, 0.65% Series due 2015    First Mortgage Bonds, 3.85% Series due 2042
Principal Amount:    $250,000,000    $400,000,000
Maturity Date:    November 15, 2015    November 15, 2042
Price to Public:    99.911% per Bond    99.683% per Bond
Coupon:    0.65%    3.85%
Benchmark Treasury:    0.375% due November 15, 2015    2.75% due August 15, 2042
Benchmark Treasury Yield:    0.330%    2.718%
Spread to Benchmark Treasury:    +35 bps    +115 bps
Yield to Maturity:    0.680%    3.868%

Redemption Provisions/

Make-Whole Call:

    Redeemable at the Treasury Rate + 5 bps.    At any time before six months prior to maturity, redeemable at the Treasury Rate + 20 bps. At any time on or after six months prior to maturity, redeemable at par.
CUSIP / ISIN:   

341099 CQ0 /

US341099CQ08

   

341099 CR8 /

US341099CR80

Joint Book-Running Managers:   

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

RBC Capital Markets, LLC

Co-Managers:   

BNY Mellon Capital Markets, LLC

Fifth Third Securities, Inc.

PNC Capital Markets LLC

Santander Investment Securities Inc.

SunTrust Robinson Humphrey, Inc.

 

* Security ratings are not recommendations to buy, sell or hold securities. The ratings are subject to change or withdrawal at any time by the respective credit rating agencies.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll free at (866) 471-2526, J.P. Morgan Securities LLC collect at (212) 834-4533, Morgan Stanley & Co. LLC at (866) 718-1649 or RBC Capital Markets, LLC toll-free at (866) 375-6829.

 

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