Carolina Power & Light Company
BALANCE SHEETS June 30 December 31
(In thousands) 1994 1993 1993
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ASSETS
Electric Utility Plant
Electric utility plant in service......................$ 8,960,319 $ 8,707,382 $ 8,789,518
Accumulated depreciation............................... (3,054,933) (2,766,827) (2,897,832)
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Electric utility plant in service, net.......... 5,905,386 5,940,555 5,891,686
Held for future use.................................... 13,222 13,284 13,300
Construction work in progress.......................... 244,124 225,767 309,713
Nuclear fuel, net of amortization...................... 199,281 222,019 217,488
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Total Electric Utility Plant, Net............... 6,362,013 6,401,625 6,432,187
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Current Assets
Cash and cash equivalents.............................. 19,254 32,646 23,607
Accounts receivable.................................... 332,829 336,708 321,309
Fuel................................................... 81,735 100,463 62,029
Materials and supplies................................. 118,891 114,334 111,052
Deferred fuel cost..................................... 18,042 40,365 9,827
Prepayments............................................ 44,589 44,223 46,869
Other current assets................................... 15,160 19,098 18,591
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Total Current Assets............................ 630,500 687,837 593,284
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Deferred Debits and Other Assets
Income taxes recoverable
through future rates.................................. 381,856 377,312 385,515
Abandonment costs...................................... 85,278 175,308 125,361
Harris Plant deferred costs............................ 136,272 138,528 144,399
Unamortized debt expense............................... 65,726 55,721 63,898
Miscellaneous other property and investments........... 314,163 191,418 264,165
Other assets and deferred debits....................... 190,801 159,258 185,209
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Total Deferred Debits and Other Assets.......... 1,174,096 1,097,545 1,168,547
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Total Assets.................................$ 8,166,609 $ 8,187,007 $ 8,194,018
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity....................................$ 2,659,859 $ 2,577,637 $ 2,632,116
Preferred stock - redemption not required.............. 143,801 143,801 143,801
Long-term debt, net.................................... 2,527,025 2,567,596 2,584,903
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Total Capitalization............................ 5,330,685 5,289,034 5,360,820
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Current Liabilities
Current portion of long-term debt...................... 227,050 350,000 162,630
Notes payable (principally commercial paper)........... 72,600 30,900 76,000
Accounts payable....................................... 181,116 201,387 293,093
Taxes accrued.......................................... 77,681 82,598 20,913
Interest accrued....................................... 55,070 61,649 54,770
Dividends declared (Note 2)............................ 70,095 70,706 74,111
Other current liabilities.............................. 75,888 70,412 67,510
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Total Current Liabilities....................... 759,500 867,652 749,027
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes...................... 1,580,845 1,518,272 1,585,490
Accumulated deferred investment tax credits............ 257,819 270,607 263,588
Other liabilities and deferred credits................. 237,760 241,442 235,093
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Total Deferred Credits and Other Liabilities.... 2,076,424 2,030,321 2,084,171
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Commitments and Contingencies (Note 3)
Total Capitalization and Liabilities.........$ 8,166,609 $ 8,187,007 $ 8,194,018
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock...........................................$ 1,624,696 $ 1,622,277 $ 1,622,277
Unearned ESOP common stock............................. (211,285) (228,747) (220,725)
Capital stock issuance expense......................... (790) (334) (790)
Retained earnings...................................... 1,247,238 1,184,441 1,231,354
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Total Common Stock Equity.......................$ 2,659,859 $ 2,577,637 $ 2,632,116
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See Supplemental Data and Notes to Financial Statements.