Carolina Power & Light Company
SUPPLEMENTAL DATA Three Months Ended Nine Months Ended Twelve Months Ended
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September 30 September 30 September 30
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1994 1993 1994 1993 1994 1993
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Operating Revenues (in thousands)
Residential............................. $ 263,677 $ 292,377 $ 716,067 $ 732,404 $ 927,361 $ 938,218
Commercial.............................. 165,008 170,233 458,325 453,053 598,245 585,423
Industrial.............................. 197,282 197,708 556,828 556,678 744,165 735,232
Government and municipal................ 20,815 21,355 59,913 59,716 78,813 77,668
Wholesale - standard rate schedules..... 99,660 113,970 282,323 282,161 354,083 366,158
Power Agency contract requirements...... 33,565 43,903 101,330 114,168 121,421 148,062
Other utilities......................... 14,121 4,285 29,762 8,807 32,186 9,513
Miscellaneous revenue................... 11,424 10,919 32,775 29,839 39,606 39,576
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Total Operating Revenues.......... $ 805,552 $ 854,750 $2,237,323 $2,236,826 $2,895,880 $2,899,850
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Energy Sales (millions of kWh)
Residential............................. 3,029 3,327 8,675 8,822 11,251 11,349
Commercial.............................. 2,453 2,485 6,671 6,548 8,672 8,466
Industrial.............................. 3,585 3,633 10,378 10,063 13,872 13,413
Government and municipal................ 359 356 969 954 1,263 1,230
Wholesale - standard rate schedules..... 1,972 2,118 5,299 5,291 6,930 6,800
Power Agency contract requirements...... 664 986 2,115 2,843 2,777 3,796
Other utilities......................... 465 91 799 246 879 270
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Total Energy Sales................ 12,527 12,996 34,906 34,767 45,644 45,324
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Energy Supply (millions of kWh)
Generated - coal........................ 5,492 7,212 17,341 19,537 23,611 26,551
nuclear..................... 5,730 4,027 12,782 10,775 15,698 12,778
hydro....................... 192 80 728 666 846 933
combustion turbines......... 2 54 68 85 66 93
Purchased............................... 1,764 2,184 5,580 5,232 7,459 6,895
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Total Energy Supply
(Company Share)................. 13,180 13,557 36,499 36,295 47,680 47,250
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Detail of Income Taxes (in thousands)
Included in Operating Expenses
Income tax expense - current............ $ 96,224 $ 71,271 $ 185,305 $ 154,355 $ 169,572 $ 146,649
Income tax expense - deferred........... (10,907) 14,122 (12,909) 24,209 25,191 65,376
Income tax expense - investment
tax credit adjustments................ (2,884) (4,061) (8,653) (9,848) (10,418) (12,258)
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Subtotal.......................... 82,433 81,332 163,743 168,716 184,345 199,767
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Harris Plant deferred costs - deferred... - - - - - (414)
Harris Plant deferred costs -
investment tax credit adjustments...... (74) 63 (223) (26) 21 (92)
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Subtotal.......................... (74) 63 (223) (26) 21 (506)
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Total Included in Operating Expenses.... 82,359 81,395 163,520 168,690 184,366 199,261
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Included in Other Income
Income tax expense (credit) - current... (8,215) (2,766) (13,513) (5,789) (15,183) (8,582)
Income tax expense - deferred........... 5,329 5,489 8,138 9,381 7,802 12,684
Income tax expense - investment
tax credit adjustments................ - - - - (1,194) -
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Subtotal.......................... (2,886) 2,723 (5,375) 3,592 (8,575) 4,102
Harris Plant carrying costs - deferred.. - - - - - 403
Other income, net - deferred............ - - - - - 10
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Total Included in Other Income.... (2,886) 2,723 (5,375) 3,592 (8,575) 4,515
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Included in Interest Charges
Allowance for borrowed funds used
during construction - deferred....... - - - - - 565
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Total Income Tax Expense...... $ 79,473 $ 84,118 $ 158,145 $ 172,282 $ 175,791 $ 204,341
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FINANCIAL STATISTICS September 30, 1994 September 30, 1993
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Actual Pro Forma Actual Pro Forma
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(Note 2) (Note 2)
Ratio of earnings to fixed charges........ 3.29 3.46 3.23 3.40
Return on average common stock equity..... 12.07% 11.13% 13.54% 12.42%
Book value per common share (Note 2)...... $ 17.77 N/A $ 17.78 N/A
Capitalization ratios
Common stock equity................... 49.82% 53.75% 49.85% 54.12%
Preferred stock - redemption 2.72 2.73 2.72 2.72
not required......................... 47.46 43.52 47.43 43.16
Long-term debt, net................... ------------ ---------- ---------- ---------
100.00% 100.00% 100.00% 100.00%
Total......................... ============ ========== ========== =========
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See Notes to Financial Statements.