Carolina Power & Light Company
BALANCE SHEETS March 31 December 31
(In thousands) 1997 1996 1996
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,856,889 $ 9,520,522 $ 9,783,442
Accumulated depreciation (3,883,684) (3,566,838) (3,796,645)
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Electric utility plant in service, net 5,973,205 5,953,684 5,986,797
Held for future use 14,176 13,737 12,127
Construction work in progress 177,566 173,113 196,623
Nuclear fuel, net of amortization 194,501 182,402 204,372
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Total Electric Utility Plant, Net 6,359,448 6,322,936 6,399,919
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Current Assets
Cash and cash equivalents 24,901 5,602 10,941
Accounts receivable 312,917 338,923 384,318
Fuel 68,242 43,914 60,369
Materials and supplies 126,813 123,014 122,809
Prepayments 67,756 69,682 65,794
Other current assets 29,226 29,213 27,808
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Total Current Assets 629,855 610,348 672,039
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 370,444 388,009 384,336
Abandonment costs (Note 3) 59,161 53,657 65,863
Harris Plant deferred costs 77,139 101,737 83,397
Unamortized debt expense 64,581 66,639 69,956
Miscellaneous other property and investments 501,762 490,864 489,334
Other assets and deferred debits 206,245 171,782 204,357
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Total Deferred Debits and Other Assets 1,279,332 1,272,688 1,297,243
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Total Assets $ 8,268,635 $ 8,205,972 $ 8,369,201
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,716,166 $ 2,640,027 $ 2,690,454
Preferred stock - redemption not required 143,801 143,801 143,801
Long-term debt, net 2,524,942 2,552,415 2,525,607
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Total Capitalization 5,384,909 5,336,243 5,359,862
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Current Liabilities
Current portion of long-term debt 43,436 268,366 103,345
Notes payable 149,200 3,640 64,885
Accounts payable 150,097 137,997 375,216
Interest accrued 32,020 43,612 39,436
Dividends declared 73,969 71,525 73,469
Deferred fuel credit 13,953 16,086 4,339
Other current liabilities 157,903 144,304 74,668
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Total Current Liabilities 620,578 685,530 735,358
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,799,860 1,728,933 1,827,693
Accumulated deferred investment tax credits 229,703 240,095 232,262
Other liabilities and deferred credits 233,585 215,171 214,026
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Total Deferred Credits and Other Liabilities 2,263,148 2,184,199 2,273,981
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Commitments and Contingencies (Note 4)
Total Capitalization and Liabilities $ 8,268,635 $ 8,205,972 $ 8,369,201
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock $ 1,371,548 $ 1,387,041 $ 1,366,100
Unearned ESOP common stock (170,688) (182,140) (178,514)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,516,096 1,435,916 1,503,658
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Total Common Stock Equity $ 2,716,166 $ 2,640,027 $ 2,690,454
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See Supplemental Data and Notes to Consolidated Interim Financial Statements.