Carolina Power & Light Company
BALANCE SHEETS December 31
(In thousands) -----------
1994 1993
---- ----
ASSETS
Electric Utility Plant
Electric utility plant in service......................$ 9,190,874 $ 8,789,518
Accumulated depreciation............................... (3,196,139) (2,897,832)
------------ ------------
Electric utility plant in service, net.......... 5,994,735 5,891,686
Held for future use.................................... 13,195 13,300
Construction work in progress.......................... 170,390 309,713
Nuclear fuel, net of amortization...................... 171,164 217,488
------------ ------------
Total Electric Utility Plant, Net............... 6,349,484 6,432,187
------------ ------------
Current Assets
Cash and cash equivalents.............................. 80,239 23,607
Accounts receivable.................................... 302,218 321,309
Fuel................................................... 96,136 62,029
Materials and supplies................................. 122,720 111,052
Prepayments............................................ 52,988 46,869
Other current assets................................... 24,129 18,591
------------ ------------
Total Current Assets............................ 678,430 583,457
------------ ------------
Deferred Debits and Other Assets
Income taxes recoverable through future rates.......... 384,375 385,515
Abandonment costs...................................... 71,079 125,361
Harris Plant deferred costs............................ 127,824 144,399
Unamortized debt expense............................... 63,302 63,898
Miscellaneous other property and investments........... 360,611 264,165
Other assets and deferred debits....................... 176,058 185,209
------------ ------------
Total Deferred Debits and Other Assets.......... 1,183,249 1,168,547
------------ ------------
Total Assets.................................$ 8,211,163 $ 8,184,191
============ ============
CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity....................................$ 2,586,179 $ 2,632,116
Preferred stock - redemption not required.............. 143,801 143,801
Long-term debt, net.................................... 2,530,773 2,584,903
------------ ------------
Total Capitalization............................ 5,260,753 5,360,820
------------ ------------
Current Liabilities
Current portion of long-term debt...................... 275,050 162,630
Notes payable (principally commercial paper)........... 68,100 76,000
Accounts payable....................................... 285,610 293,093
Interest accrued....................................... 54,569 54,770
Dividends declared (Note 4)............................ 70,658 74,111
Deferred fuel credit (cost)............................ 28,344 (9,827)
Other current liabilities.............................. 71,811 88,423
------------ ------------
Total Current Liabilities....................... 854,142 739,200
------------ ------------
Deferred Credits and Other Liabilities
Accumulated deferred income taxes...................... 1,628,430 1,585,490
Accumulated deferred investment tax credits............ 252,051 263,588
Other liabilities and deferred credits................. 215,787 235,093
------------ ------------
Total Deferred Credits and Other Liabilities.... 2,096,268 2,084,171
------------ ------------
Commitments and Contingencies (Note 6)
Total Capitalization and Liabilities.........$ 8,211,163 $ 8,184,191
============ ============
SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 5)..................................$ 1,510,956 $ 1,622,277
Unearned ESOP common stock............................. (204,947) (220,725)
Capital stock issuance expense......................... (790) (790)
Retained earnings...................................... 1,280,960 1,231,354
------------ ------------
Total Common Stock Equity.......................$ 2,586,179 $ 2,632,116
============ ============
- ---------------------
See Supplemental Data and Notes to Financial Statements.