Carolina Power & Light Company
BALANCE SHEETS September 30 December 31
(In thousands) 1997 1996 1996
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 10,039,131 $ 9,659,303 $ 9,783,442
Accumulated depreciation (4,057,913) (3,721,581) (3,796,645)
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Electric utility plant in service, net 5,981,218 5,937,722 5,986,797
Held for future use 12,734 12,752 12,127
Construction work in progress 155,098 215,329 196,623
Nuclear fuel, net of amortization 184,643 183,178 204,372
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Total Electric Utility Plant, Net 6,333,693 6,348,981 6,399,919
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Current Assets
Cash and cash equivalents 14,736 18,020 10,941
Accounts receivable 396,167 344,753 384,318
Fuel 46,715 43,478 60,369
Materials and supplies 130,604 127,644 122,809
Deferred fuel cost (credit) 11,260 (8,754) (4,339)
Prepayments 59,273 55,041 65,794
Other current assets 43,271 32,014 27,808
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Total Current Assets 702,026 612,196 667,700
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 342,976 384,325 384,336
Abandonment costs (Note 4) 45,461 46,559 65,863
Harris Plant deferred costs 67,834 88,500 83,397
Unamortized debt expense 53,767 71,201 69,956
Miscellaneous other property and investments 393,320 454,796 489,334
Other assets and deferred debits 215,030 175,099 204,357
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Total Deferred Debits and Other Assets 1,118,388 1,220,480 1,297,243
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Total Assets $ 8,154,107 $ 8,181,657 $ 8,364,862
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,805,515 $ 2,682,931 $ 2,690,454
Preferred stock - redemption not required (Note 3) 59,376 143,801 143,801
Long-term debt, net (Note 3) 2,389,251 2,459,445 2,525,607
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Total Capitalization 5,254,142 5,286,177 5,359,862
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Current Liabilities
Current portion of long-term debt 188,529 138,345 103,345
Notes payable - 3,640 64,885
Accounts payable 160,344 194,810 375,216
Taxes accrued 134,257 176,160 -
Interest accrued 33,810 36,055 39,436
Dividends declared 69,901 71,386 73,469
Other current liabilities 96,950 71,236 74,668
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Total Current Liabilities 683,791 691,632 731,019
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,743,092 1,733,013 1,827,693
Accumulated deferred investment tax credits 224,587 234,873 232,262
Other liabilities and deferred credits 248,495 235,962 214,026
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Total Deferred Credits and Other Liabilities 2,216,174 2,203,848 2,273,981
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Commitments and Contingencies (Note 6)
Total Capitalization and Liabilities $ 8,154,107 $ 8,181,657 $ 8,364,862
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SCHEDULES OF COMMON STOCK EQUITY
(In thousands)
Common stock $ 1,371,520 $ 1,369,963 $ 1,366,100
Unearned ESOP common stock (165,805) (178,514) (178,514)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,600,590 1,492,272 1,503,658
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Total Common Stock Equity $ 2,805,515 $ 2,682,931 $ 2,690,454
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See Supplemental Data and Notes to Consolidated Interim Financial Statements.