Florida Progress Corporation is a diversified electric holding company. The company has two primary subsidiaries, Florida Power Corporation and Electric Fuels Corporation. Florida Power Corporation is a public utility engaged in the generation, purchase, transmission, distribution and sale of electricity primarily within Florida. Electric Fuels Corporation operations include the mining, processing and procurement of coal, marine and rail transportation, transfer and storage of coal and other bulk commodities, railcar leasing and railcar maintenance and repair. The activities also include providing life insurance coverage. The company provides electric services to 1.4 million customers in west central Florida. The company conducts its operations in the United States with limited operations in Canada and Mexico. In 1999, the company acquired 8 businesses. Electric utility accounted for 68% of 1999 revenues; rail services, 23%; energy and related services, 5%; inland marine transportation, 4% and other, nominal.