Carolina Power & Light Company
BALANCE SHEETS March 31 December 31
(In thousands) 1995 1994 1994
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,246,650 $ 8,881,884 $ 9,190,874
Accumulated depreciation (3,263,768) (2,974,558) (3,196,139)
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Electric utility plant in service, net 5,982,882 5,907,326 5,994,735
Held for future use 13,195 13,195 13,195
Construction work in progress 171,717 260,887 170,390
Nuclear fuel, net of amortization 163,159 211,702 171,164
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Total Electric Utility Plant, Net 6,330,953 6,393,110 6,349,484
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Current Assets
Cash and cash equivalents 39,858 33,444 80,239
Accounts receivable 284,934 292,473 302,218
Fuel 103,820 69,595 96,136
Materials and supplies 124,826 119,238 122,720
Prepayments 50,628 46,308 52,988
Other current assets 26,792 16,437 24,129
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Total Current Assets 630,858 577,495 678,430
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Deferred Debits and Other Assets
Income taxes recoverable
through future rates 385,089 382,224 384,375
Abandonment costs 67,177 106,450 71,079
Harris Plant deferred costs 123,438 140,484 127,824
Unamortized debt expense 61,933 63,260 63,302
Miscellaneous other property and investments 374,338 276,424 360,611
Other assets and deferred debits 184,409 188,821 176,058
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Total Deferred Debits and Other Assets 1,196,384 1,157,663 1,183,249
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Total Assets $ 8,158,195 $ 8,128,268 $ 8,211,163
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,622,103 $ 2,664,101 $ 2,586,179
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,591,462 2,514,047 2,530,773
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Total Capitalization 5,357,366 5,321,949 5,260,753
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Current Liabilities
Current portion of long-term debt 150,050 287,630 275,050
Notes payable (principally commercial paper) 95,500 6,700 68,100
Accounts payable 127,234 166,025 285,610
Taxes accrued 84,086 95,132 4,650
Interest accrued 49,638 51,206 54,569
Dividends declared 70,770 70,022 70,658
Deferred fuel credit (cost) 50,819 (12,078) 28,344
Other current liabilities 61,022 69,369 67,161
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Total Current Liabilities 689,119 734,006 854,142
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,627,090 1,574,761 1,628,430
Accumulated deferred investment tax credits 249,498 260,704 252,051
Other liabilities and deferred credits 235,122 236,848 215,787
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Total Deferred Credits and Other Liabilities 2,111,710 2,072,313 2,096,268
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Commitments and Contingencies (Note 5)
Total Capitalization and Liabilities $ 8,158,195 $ 8,128,268 $ 8,211,163
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 4) $ 1,508,098 $ 1,624,114 $ 1,510,956
Unearned ESOP common stock (197,011) (214,908) (204,947)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,311,806 1,255,685 1,280,960
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Total Common Stock Equity $ 2,622,103 $ 2,664,101 $ 2,586,179
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See Supplemental Data and Notes to Financial Statements.