Carolina Power & Light Company
BALANCE SHEETS March 31 December 31
(In thousands) 1996 1995 1995
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,520,522 $ 9,246,650 $ 9,440,442
Accumulated depreciation (3,566,838) (3,263,768) (3,493,153)
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Electric utility plant in service, net 5,953,684 5,982,882 5,947,289
Held for future use 13,737 13,195 13,304
Construction work in progress 173,113 171,717 179,260
Nuclear fuel, net of amortization 182,402 163,159 188,655
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Total Electric Utility Plant, Net 6,322,936 6,330,953 6,328,508
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Current Assets
Cash and cash equivalents 5,602 39,858 14,489
Accounts receivable 338,923 284,934 364,536
Fuel 43,914 103,820 53,654
Materials and supplies 123,014 124,826 121,227
Prepayments 69,682 50,628 59,918
Other current assets 29,213 26,792 27,834
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Total Current Assets 610,348 630,858 641,658
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 388,009 385,089 387,150
Abandonment costs 53,657 67,177 57,120
Harris Plant deferred costs 101,737 123,438 107,992
Unamortized debt expense 66,639 61,933 58,404
Miscellaneous other property and investments 490,864 374,338 475,564
Other assets and deferred debits 171,782 184,409 170,754
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Total Deferred Debits and Other Assets 1,272,688 1,196,384 1,256,984
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Total Assets $ 8,205,972 $ 8,158,195 $ 8,227,150
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,640,027 $ 2,622,103 $ 2,574,743
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,552,415 2,591,462 2,610,343
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Total Capitalization 5,336,243 5,357,366 5,328,887
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Current Liabilities
Current portion of long-term debt 268,366 150,050 105,755
Notes payable 3,640 95,500 73,743
Accounts payable 137,997 127,234 309,294
Taxes accrued 62,846 84,086 2,456
Interest accrued 43,612 49,638 48,441
Dividends declared 71,525 70,770 71,285
Deferred fuel credit 16,086 50,819 27,495
Other current liabilities 81,458 61,022 79,220
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Total Current Liabilities 685,530 689,119 717,689
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,728,933 1,627,090 1,716,835
Accumulated deferred investment tax credits 240,095 249,498 242,707
Other liabilities and deferred credits 215,171 235,122 221,032
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Total Deferred Credits and Other Liabilities 2,184,199 2,111,710 2,180,574
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Commitments and Contingencies (Note 5)
Total Capitalization and Liabilities $ 8,205,972 $ 8,158,195 $ 8,227,150
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 4) $ 1,387,041 $ 1,508,098 $ 1,381,496
Unearned ESOP common stock (182,140) (197,011) (191,341)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,435,916 1,311,806 1,385,378
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Total Common Stock Equity $ 2,640,027 $ 2,622,103 $ 2,574,743
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See Supplemental Data and Notes to Financial Statements.