Florida Power files $4.25 billion preferred stock, debt securities shelf

By Devika Patel

Knoxville, Tenn., Dec. 13 - Florida Power Corp. and Progress Energy Florida, Inc. jointly filed a $4.25 billion preferred stock, debt securities and first mortgage bonds shelf registration in an S-3 filing with the Securities and Exchange Commission.

The securities may be convertible.

Proceeds will be used to finance construction of new facilities, for acquisitions, to repay debt and for other general corporate purposes.

Florida Power, which does business as Progress Energy Florida, is a utility based in St. Petersburg, Fla.

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