Carolina Power & Light Company
BALANCE SHEETS
(In thousands)
June 30 December 31
1997 1996 1996
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 9,968,079 $ 9,584,032 $ 9,783,442
Accumulated depreciation (3,966,186) (3,643,838) (3,796,645)
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Electric utility plant in service, net 6,001,893 5,940,194 5,986,797
Held for future use 14,176 12,752 12,127
Construction work in progress 127,692 184,614 196,623
Nuclear fuel, net of amortization 200,359 175,968 204,372
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Total Electric Utility Plant, Net 6,344,120 6,313,528 6,399,919
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Current Assets
Cash and cash equivalents 20,386 2,448 10,941
Accounts receivable 343,669 355,137 384,318
Fuel 62,120 58,094 60,369
Materials and supplies 127,039 124,245 122,809
Prepayments 54,197 58,359 65,794
Other current assets 40,271 30,651 27,808
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Total Current Assets 647,682 628,934 672,039
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 356,700 384,669 384,336
Abandonment costs (Note 3) 52,345 50,136 65,863
Harris Plant deferred costs 72,156 94,782 83,397
Unamortized debt expense 59,205 72,452 69,956
Miscellaneous other property and investments 381,148 499,424 489,334
Other assets and deferred debits 222,331 176,284 204,357
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Total Deferred Debits and Other Assets 1,143,885 1,277,747 1,297,243
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Total Assets $ 8,135,687 $ 8,220,209 $ 8,369,201
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,705,823 $ 2,636,175 $ 2,690,454
Preferred stock - redemption not required 59,376 143,801 143,801
Long-term debt, net 2,525,808 2,565,268 2,525,607
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Total Capitalization 5,291,007 5,345,244 5,359,862
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Current Liabilities
Current portion of long-term debt 43,436 138,258 103,345
Current portion of preferred stock (Note 5) 84,425 - -
Notes payable 93,900 80,749 64,885
Accounts payable 159,563 155,758 375,216
Interest accrued 38,873 42,462 39,436
Dividends declared 71,727 71,549 73,469
Deferred fuel credit 5,102 17,560 4,339
Other current liabilities 106,602 161,688 74,668
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Total Current Liabilities 603,628 668,024 735,358
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,784,344 1,733,287 1,827,693
Accumulated deferred investment tax credits 227,145 237,484 232,262
Other liabilities and deferred credits 229,563 236,170 214,026
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Total Deferred Credits and Other Liabilities 2,241,052 2,206,941 2,273,981
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Commitments and Contingencies (Note 6)
Total Capitalization and Liabilities $ 8,135,687 $ 8,220,209 $ 8,369,201
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock $ 1,370,858 $ 1,384,712 $ 1,366,100
Unearned ESOP common stock (166,866) (178,514) (178,514)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,502,621 1,430,767 1,503,658
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Total Common Stock Equity $ 2,705,823 $ 2,636,175 $ 2,690,454
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See Supplemental Data and Notes to Consolidated Interim Financial Statements.