Carolina Power & Light Company
BALANCE SHEETS March 31 December 31
(In thousands) 1994 1993 1993
---- ---- ----
ASSETS
Electric Utility Plant
Electric utility plant in service......................$ 8,881,884 $ 8,675,584 $ 8,789,518
Accumulated depreciation............................... (2,974,558) (2,704,077) (2,897,832)
------------ ------------ ------------
Electric utility plant in service, net.......... 5,907,326 5,971,507 5,891,686
Held for future use.................................... 13,195 13,284 13,300
Construction work in progress.......................... 260,887 206,766 309,713
Nuclear fuel, net of amortization...................... 211,702 217,114 217,488
------------ ------------ ------------
Total Electric Utility Plant, Net............... 6,393,110 6,408,671 6,432,187
------------ ------------ ------------
Current Assets
Cash and cash equivalents.............................. 33,444 169,602 23,607
Accounts receivable.................................... 292,473 310,702 321,309
Fuel................................................... 69,595 94,902 62,029
Materials and supplies................................. 119,238 110,667 111,052
Deferred fuel cost..................................... 12,078 38,448 9,827
Prepayments............................................ 46,308 47,762 46,869
Other current assets................................... 16,437 19,283 18,591
------------ ------------ ------------
Total Current Assets............................ 589,573 791,366 593,284
------------ ------------ ------------
Deferred Debits and Other Assets
Income taxes recoverable
through future rates.................................. 382,224 378,185 385,515
Abandonment costs...................................... 106,450 194,338 125,361
Harris Plant deferred costs............................ 140,484 140,081 144,399
Unamortized debt expense............................... 63,260 49,281 63,898
Miscellaneous other property and investments........... 276,424 151,488 264,165
Other assets and deferred debits....................... 188,821 157,194 185,209
------------ ------------ ------------
Total Deferred Debits and Other Assets.......... 1,157,663 1,070,567 1,168,547
------------ ------------ ------------
Total Assets.................................$ 8,140,346 $ 8,270,604 $ 8,194,018
============ ============ ============
CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity....................................$ 2,664,101 $ 2,570,533 $ 2,632,116
Preferred stock - redemption not required.............. 143,801 143,801 143,801
Long-term debt, net.................................... 2,514,047 2,716,709 2,584,903
------------ ------------ ------------
Total Capitalization............................ 5,321,949 5,431,043 5,360,820
------------ ------------ ------------
Current Liabilities
Current portion of long-term debt...................... 287,630 396,800 162,630
Notes payable (principally commercial paper)........... 6,700 - 76,000
Accounts payable....................................... 166,025 159,266 293,093
Taxes accrued.......................................... 95,132 67,171 20,913
Interest accrued....................................... 51,206 62,991 54,770
Dividends declared (Note 2)............................ 70,022 70,706 74,111
Other current liabilities.............................. 69,369 75,383 67,510
------------ ------------ ------------
Total Current Liabilities....................... 746,084 832,317 749,027
------------ ------------ ------------
Deferred Credits and Other Liabilities
Accumulated deferred income taxes...................... 1,574,761 1,511,270 1,585,490
Accumulated deferred investment tax credits............ 260,704 273,501 263,588
Other liabilities and deferred credits................. 236,848 222,473 235,093
------------ ------------ ------------
Total Deferred Credits and Other Liabilities.... 2,072,313 2,007,244 2,084,171
------------ ------------ ------------
Commitments and Contingencies (Note 3)
Total Capitalization and Liabilities.........$ 8,140,346 $ 8,270,604 $ 8,194,018
============ ============ ============
SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock...........................................$ 1,624,114 $ 1,622,277 $ 1,622,277
Unearned ESOP common stock............................. (214,908) (232,498) (220,725)
Capital stock issuance expense......................... (790) (334) (790)
Retained earnings...................................... 1,255,685 1,181,088 1,231,354
------------ ------------ ------------
Total Common Stock Equity.......................$ 2,664,101 $ 2,570,533 $ 2,632,116
============ ============ ============
---------------------
See Supplemental Data and Notes to Financial Statements.