Carolina Power & Light Company
BALANCE SHEETS September 30 December 31
(In thousands) 1995 1994 1994
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,354,427 $ 9,076,667 $ 9,190,874
Accumulated depreciation (3,413,489) (3,132,176) (3,196,139)
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Electric utility plant in service, net 5,940,938 5,944,491 5,994,735
Held for future use 13,304 13,222 13,195
Construction work in progress 177,606 193,286 170,390
Nuclear fuel, net of amortization 181,720 181,399 171,164
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Total Electric Utility Plant, Net 6,313,568 6,332,398 6,349,484
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Current Assets
Cash and cash equivalents 14,868 48,419 80,239
Accounts receivable 345,894 314,790 302,218
Fuel 58,137 71,439 96,136
Materials and supplies 127,385 121,934 122,720
Prepayments 56,577 41,233 52,988
Other current assets 31,844 26,896 24,129
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Total Current Assets 634,705 624,711 678,430
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Deferred Debits and Other Assets
Income taxes recoverable
through future rates 386,581 381,981 384,375
Abandonment costs 60,528 75,237 71,079
Harris Plant deferred costs 113,240 132,194 127,824
Unamortized debt expense 59,599 64,567 63,302
Miscellaneous other property and investments 439,992 313,766 360,611
Other assets and deferred debits 170,061 190,651 176,058
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Total Deferred Debits and Other Assets 1,230,001 1,158,396 1,183,249
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Total Assets $ 8,178,274 $ 8,115,505 $ 8,211,163
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,633,751 $ 2,627,338 $ 2,586,179
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,684,408 2,502,893 2,530,773
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Total Capitalization 5,461,960 5,274,032 5,260,753
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Current Liabilities
Current portion of long-term debt 53,000 252,050 275,050
Notes payable (principally commercial paper) 17,000 15,000 68,100
Accounts payable 122,635 133,691 285,610
Taxes accrued 168,696 155,901 4,650
Interest accrued 49,785 50,969 54,569
Dividends declared 69,103 70,207 70,658
Deferred fuel credit 35,460 10,584 28,344
Other current liabilities 72,006 65,696 67,161
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Total Current Liabilities 587,685 754,098 854,142
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,640,364 1,586,643 1,628,430
Accumulated deferred investment tax credits 244,393 254,935 252,051
Other liabilities and deferred credits 243,872 245,797 215,787
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Total Deferred Credits and Other Liabilities 2,128,629 2,087,375 2,096,268
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Commitments and Contingencies (Note 4)
Total Capitalization and Liabilities $ 8,178,274 $ 8,115,505 $ 8,211,163
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 3) $ 1,439,814 $ 1,534,029 $ 1,510,956
Unearned ESOP common stock (191,526) (206,654) (204,947)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,386,253 1,300,753 1,280,960
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Total Common Stock Equity $ 2,633,751 $ 2,627,338 $ 2,586,179
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See Supplemental Data and Notes to Financial Statements.