Carolina Power & Light Company
BALANCE SHEETS June 30 December 31
(In thousands) 1996 1995 1995
- ------------------------------------------------------------------------------------------------------
ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,584,032 $ 9,295,945 $ 9,440,442
Accumulated depreciation (3,643,838) (3,337,249) (3,493,153)
- ------------------------------------------------------------------------------------------------------
Electric utility plant in service, net 5,940,194 5,958,696 5,947,289
Held for future use 12,752 13,303 13,304
Construction work in progress 184,614 188,610 179,260
Nuclear fuel, net of amortization 175,968 181,774 188,655
- ------------------------------------------------------------------------------------------------------
Total Electric Utility Plant, Net 6,313,528 6,342,383 6,328,508
- ------------------------------------------------------------------------------------------------------
Current Assets
Cash and cash equivalents 2,448 16,600 14,489
Accounts receivable 355,137 308,941 364,536
Fuel 58,094 97,264 53,654
Materials and supplies 124,245 126,191 121,227
Prepayments 58,359 64,935 59,918
Other current assets 30,651 29,607 27,834
- ------------------------------------------------------------------------------------------------------
Total Current Assets 628,934 643,538 641,658
- ------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
Income taxes recoverable through future rates 384,669 385,960 387,150
Abandonment costs 50,136 63,880 57,120
Harris Plant deferred costs 94,782 118,388 107,992
Unamortized debt expense 72,452 60,875 58,404
Miscellaneous other property and investments 499,424 428,556 475,564
Other assets and deferred debits 176,284 175,136 170,754
- ------------------------------------------------------------------------------------------------------
Total Deferred Debits and Other Assets 1,277,747 1,232,795 1,256,984
- ------------------------------------------------------------------------------------------------------
Total Assets $ 8,220,209 $ 8,218,716 $ 8,227,150
======================================================================================================
CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,636,175 $ 2,607,920 $ 2,574,743
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,565,268 2,683,514 2,610,343
- ------------------------------------------------------------------------------------------------------
Total Capitalization 5,345,244 5,435,235 5,328,887
- ------------------------------------------------------------------------------------------------------
Current Liabilities
Current portion of long-term debt 138,258 78,000 105,755
Notes payable 80,749 82,700 73,743
Accounts payable 155,758 187,318 309,294
Taxes accrued 83,070 87,142 2,456
Interest accrued 42,462 50,265 48,441
Dividends declared 71,549 69,925 71,285
Deferred fuel credit 17,560 44,144 27,495
Other current liabilities 78,618 62,508 79,220
- ------------------------------------------------------------------------------------------------------
Total Current Liabilities 668,024 662,002 717,689
- ------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,733,287 1,630,742 1,716,835
Accumulated deferred investment tax credits 237,484 246,945 242,707
Other liabilities and deferred credits 236,170 243,792 221,032
- ------------------------------------------------------------------------------------------------------
Total Deferred Credits and Other Liabilities 2,206,941 2,121,479 2,180,574
- ------------------------------------------------------------------------------------------------------
Commitments and Contingencies (Note 4)
Total Capitalization and Liabilities $ 8,220,209 $ 8,218,716 $ 8,227,150
======================================================================================================
SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 3) $ 1,384,712 $ 1,505,093 $ 1,381,496
Unearned ESOP common stock (178,514) (197,010) (191,341)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,430,767 1,300,627 1,385,378
- ------------------------------------------------------------------------------------------------------
Total Common Stock Equity $ 2,636,175 $ 2,607,920 $ 2,574,743
======================================================================================================
......................................................................................................
See Supplemental Data and Notes to Financial Statements.