Carolina Power & Light Company
BALANCE SHEETS September 30 December 31
(In thousands) 1996 1995 1995
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,659,303 $ 9,354,427 $ 9,440,442
Accumulated depreciation (3,721,581) (3,413,489) (3,493,153)
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Electric utility plant in service, net 5,937,722 5,940,938 5,947,289
Held for future use 12,752 13,304 13,304
Construction work in progress 215,329 177,606 179,260
Nuclear fuel, net of amortization 183,178 181,720 188,655
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Total Electric Utility Plant, Net 6,348,981 6,313,568 6,328,508
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Current Assets
Cash and cash equivalents 18,020 14,868 14,489
Accounts receivable 344,753 345,894 364,536
Fuel 43,478 58,137 53,654
Materials and supplies 127,644 127,385 121,227
Prepayments 55,041 56,577 59,918
Other current assets 32,014 31,844 27,834
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Total Current Assets 620,950 634,705 641,658
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 384,325 386,581 387,150
Abandonment costs 46,559 60,528 57,120
Harris Plant deferred costs 88,500 113,240 107,992
Unamortized debt expense 71,201 59,599 58,404
Miscellaneous other property and investments 454,796 439,992 475,564
Other assets and deferred debits 175,099 170,061 170,754
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Total Deferred Debits and Other Assets 1,220,480 1,230,001 1,256,984
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Total Assets $ 8,190,411 $ 8,178,274 $ 8,227,150
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,682,931 $ 2,633,751 $ 2,574,743
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,459,445 2,684,408 2,610,343
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Total Capitalization 5,286,177 5,461,960 5,328,887
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Current Liabilities
Current portion of long-term debt 138,345 53,000 105,755
Notes payable 3,640 17,000 73,743
Accounts payable 194,810 122,635 309,294
Taxes accrued 176,160 168,696 2,456
Interest accrued 36,055 49,785 48,441
Dividends declared 71,386 69,103 71,285
Deferred fuel credit 8,754 35,460 27,495
Other current liabilities 71,236 72,006 79,220
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Total Current Liabilities 700,386 587,685 717,689
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,733,013 1,640,364 1,716,835
Accumulated deferred investment tax credits 234,873 244,393 242,707
Other liabilities and deferred credits 235,962 243,872 221,032
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Total Deferred Credits and Other Liabilities 2,203,848 2,128,629 2,180,574
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Commitments and Contingencies (Note 5)
Total Capitalization and Liabilities $ 8,190,411 $ 8,178,274 $ 8,227,150
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock (Note 3) $ 1,369,963 $ 1,439,814 $ 1,381,496
Unearned ESOP common stock (178,514) (191,526) (191,341)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,492,272 1,386,253 1,385,378
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Total Common Stock Equity $ 2,682,931 $ 2,633,751 $ 2,574,743
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See Supplemental Data and Notes to Financial Statements.