UNITED STATES

SECURITIES AND
EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(f) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2006

Commission file number 333-62588

First National Power
Corporation

#219, 227 Bellevue Way
NE

Bellevue, WA 98004

416-918-6987



IRS TAX ID #
76-0819545

State of
Incorporation: Delaware



Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes [X] [ ]

As of June 30, 2006, there were 76,277,260 shares issued and outstanding of
the issuer's common stock.

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act). Yes [ X ] No _____



PART I: FINANCIAL INFORMATION

Item 1. Financial Statements:

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Item 2: Management's Discussion and Analysis:

First National Power is a development stage company with no operations, no
revenue, limited financial backing and few assets. The company is attempting to
gain focus in its dealings with its business opportunities. While the projects
previously announced, the Prop-less Wind Powered Generator currently with
inventor Alvin Snaper and his team at Impactive Technology of Las Vegas Nevada,
and the Green Oasis Project with inventor Chaz Haba of Lithium House in
California are still technically still viable business lines, the Company has
been working towards final arrangements on what the Company believes are
innovative and proprietary additional projects in the power generation field.
The Company is in talks with a group to gain North American rights to a power
generation system that has immediate potential for installations, re-licensing
and outright sale. Through the Company's affiliation with the Durham Strategic
Energy Alliance, management been introduced to various national and
international co-members. Through these various co-members, the Company
continues to explore opportunities for partnering, or even acting as agent for
proven technologies.

Item 3. Effectiveness of the registrant's disclosure controls and procedures

Our management has conducted an evaluation of the
effectiveness of our disclosure controls and procedures (as defined in Rule
13a-14(c)) promulgated under the Securities and Exchange Act of 1934, as
amended) as of the end of the period covered by this report. Based upon that
evaluation, our management has concluded that our disclosure controls and
procedures are effective for timely gathering, analyzing and disclosing the
information we are required to disclose in our reports filed under the
Securities Exchange Act of 1934, as amended. There have been no significant
changes made in our internal controls or in other factors that could
significantly affect our internal controls subsequent to the Evaluation Date



PART II - OTHER INFORMATION

Item 6. Exhibits

Exhibits:

|Exhibit No. | Document                                  | Location        
|----------- | ----------------------------------------- | ----------------
|3.1         | Articles of
    Incorporation             | Previously Filed
|3.2         | Bylaws                                    | Previously Filed
|31          | Rule
    13a-41(a)/15d-14(a) Certificates | Included        
|32          | Section 1350
    Certifications           | Included        





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SIGNATURES



In accordance with the requirements
of the Exchange Act, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.



FIRST NATIONAL POWER CORPORATION



DATE: September 14, 2006





/s/ Peter Wanner

Peter Wanner

Chief Financial Officer