[Federal Register Volume 67, Number 162 (Wednesday, August 21, 2002)]
[Notices]
[Pages 54242-54243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-21318]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration on the American Stock Exchange LLC (Carolina Power & 
Light Company, $5.00 Preferred Stock, no par value) File No. 1-13382

August 15, 2002.
    Carolina Power & Light Company, a North Carolina corporation 
(``Issuer''), has filed an application with the Securities and Exchange 
Commission (``Commission''), pursuant to section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its $5.00 Preferred Stock, no par value 
(``Security''), from listing and registration on the American Stock 
Exchange LLC (``Amex'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
effect in the state of North Carolina, in which it is incorporated, and 
with the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration. The Issuer's application 
relates solely to the Security's withdrawal from listing on the Amex 
and from registration under section 12(b) of the Act,\3\ and shall not 
affect its obligation to be registered under section 12(g) of the 
Act.\4\ The Board of Directors (``Board'') of the Issuer unanimously 
approved a resolution on March 20, 2002 to withdraw the Issuer's 
Security from listing on the Amex. In making the decision to withdraw 
its Security from the Amex, the Board states that although the Security 
was originally listed on the Amex to provide a liquid market and better 
exposure for the Security, current trading volumes are very small, and 
with the significant technological improvements by the stock exchanges 
and the availability of online order processing and broader coverage by 
the broker community nationwide, the advantages of listing no longer 
exist.

[[Page 54243]]

The Issuer will seek quotation of its Security on the OTC Bulletin 
Board.
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before September 9, 2002, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 02-21318 Filed 8-20-02; 8:45 am]
BILLING CODE 8010-01-P