Carolina Power & Light Company
BALANCE SHEETS September 30 December 31
(In thousands) ------------ -----------
1994 1993 1993
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ASSETS
Electric Utility Plant
Electric utility plant in service......................$ 9,076,667 $ 8,712,154 $ 8,789,518
Accumulated depreciation............................... (3,132,176) (2,833,044) (2,897,832)
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Electric utility plant in service, net.......... 5,944,491 5,879,110 5,891,686
Held for future use.................................... 13,222 13,284 13,300
Construction work in progress.......................... 193,286 282,252 309,713
Nuclear fuel, net of amortization...................... 181,399 209,291 217,488
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Total Electric Utility Plant, Net............... 6,332,398 6,383,937 6,432,187
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Current Assets
Cash and cash equivalents.............................. 48,419 160,876 23,607
Accounts receivable.................................... 314,790 367,595 321,309
Fuel................................................... 71,439 74,207 62,029
Materials and supplies................................. 121,934 113,493 111,052
Prepayments............................................ 41,233 44,474 46,869
Other current assets................................... 26,896 18,787 18,591
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Total Current Assets............................ 624,711 779,432 583,457
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Deferred Debits and Other Assets
Income taxes recoverable
through future rates.................................. 381,981 372,170 385,515
Abandonment costs...................................... 75,237 153,698 125,361
Harris Plant deferred costs............................ 132,194 138,666 144,399
Unamortized debt expense............................... 64,567 61,672 63,898
Miscellaneous other property and investments........... 313,766 235,554 264,165
Other assets and deferred debits....................... 190,651 176,935 185,209
------------ ------------ ------------
Total Deferred Debits and Other Assets.......... 1,158,396 1,138,695 1,168,547
------------ ------------ ------------
Total Assets.................................$ 8,115,505 $ 8,302,064 $ 8,184,191
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity....................................$ 2,627,338 $ 2,632,999 $ 2,632,116
Preferred stock - redemption not required.............. 143,801 143,801 143,801
Long-term debt, net.................................... 2,502,893 2,505,043 2,584,903
------------ ------------ ------------
Total Capitalization............................ 5,274,032 5,281,843 5,360,820
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Current Liabilities
Current portion of long-term debt...................... 252,050 427,630 162,630
Notes payable (principally commercial paper)........... 15,000 5,000 76,000
Accounts payable....................................... 133,691 190,077 293,093
Taxes accrued.......................................... 155,901 123,028 20,913
Interest accrued....................................... 50,969 58,380 54,770
Dividends declared (Note 2)............................ 70,207 70,706 74,111
Deferred fuel credit (cost)............................ 10,584 (3,381) (9,827)
Other current liabilities.............................. 65,696 49,880 67,510
------------ ------------ ------------
Total Current Liabilities....................... 754,098 921,320 739,200
------------ ------------ ------------
Deferred Credits and Other Liabilities
Accumulated deferred income taxes...................... 1,586,643 1,556,116 1,585,490
Accumulated deferred investment tax credits............ 254,935 266,546 263,588
Other liabilities and deferred credits................. 245,797 276,239 235,093
------------ ------------ ------------
Total Deferred Credits and Other Liabilities.... 2,087,375 2,098,901 2,084,171
------------ ------------ ------------
Commitments and Contingencies (Note 4)
Total Capitalization and Liabilities.........$ 8,115,505 $ 8,302,064 $ 8,184,191
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock...........................................$ 1,534,029 $ 1,622,277 $ 1,622,277
Unearned ESOP common stock............................. (206,654) (225,409) (220,725)
Capital stock issuance expense......................... (790) (334) (790)
Retained earnings...................................... 1,300,753 1,236,465 1,231,354
------------ ------------ ------------
Total Common Stock Equity.......................$ 2,627,338 $ 2,632,999 $ 2,632,116
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See Supplemental Data and Notes to Financial Statements.