Carolina Power & Light Company
BALANCE SHEETS June 30 December 31
(In thousands) 1995 1994 1994
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,295,945 $ 8,960,319 $ 9,190,874
Accumulated depreciation (3,337,249) (3,054,933) (3,196,139)
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Electric utility plant in service, net 5,958,696 5,905,386 5,994,735
Held for future use 13,303 13,222 13,195
Construction work in progress 188,610 244,124 170,390
Nuclear fuel, net of amortization 181,774 199,281 171,164
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Total Electric Utility Plant, Net 6,342,383 6,362,013 6,349,484
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Current Assets
Cash and cash equivalents 16,600 19,254 80,239
Accounts receivable 308,941 332,829 302,218
Fuel 97,264 81,735 96,136
Materials and supplies 126,191 118,891 122,720
Prepayments 64,935 44,589 52,988
Other current assets 29,607 15,160 24,129
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Total Current Assets 643,538 612,458 678,430
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Deferred Debits and Other Assets
Income taxes recoverable
through future rates 385,960 381,856 384,375
Abandonment costs 63,880 85,278 71,079
Harris Plant deferred costs 118,388 136,272 127,824
Unamortized debt expense 60,875 65,726 63,302
Miscellaneous other property and investments 428,556 314,163 360,611
Other assets and deferred debits 175,136 190,801 176,058
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Total Deferred Debits and Other Assets 1,232,795 1,174,096 1,183,249
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Total Assets $ 8,218,716 $ 8,148,567 $ 8,211,163
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,607,920 $ 2,659,859 $ 2,586,179
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,683,514 2,527,025 2,530,773
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Total Capitalization 5,435,235 5,330,685 5,260,753
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Current Liabilities
Current portion of long-term debt 78,000 227,050 275,050
Notes payable (principally commercial paper) 82,700 72,600 68,100
Accounts payable 187,318 181,116 285,610
Taxes accrued 87,142 77,681 4,650
Interest accrued 50,265 55,070 54,569
Dividends declared 69,925 70,095 70,658
Deferred fuel credit (cost) 44,144 (18,042) 28,344
Other current liabilities 62,508 75,888 67,161
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Total Current Liabilities 662,002 741,458 854,142
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,630,742 1,580,845 1,628,430
Accumulated deferred investment tax credits 246,945 257,819 252,051
Other liabilities and deferred credits 243,792 237,760 215,787
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Total Deferred Credits and Other Liabilities 2,121,479 2,076,424 2,096,268
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Commitments and Contingencies (Note 4)
Total Capitalization and Liabilities $ 8,218,716 $ 8,148,567 $ 8,211,163
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 3) $ 1,505,093 $ 1,624,696 $ 1,510,956
Unearned ESOP common stock (197,010) (211,285) (204,947)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,300,627 1,247,238 1,280,960
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Total Common Stock Equity $ 2,607,920 $ 2,659,859 $ 2,586,179
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See Supplemental Data and Notes to Financial Statements.