Carolina Power & Light Company
BALANCE SHEETS March 31 December 31
(In thousands) 1998 1997 1997
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ASSETS
Electric Utility Plant
Electric utility plant in service $ 10,157,190 $ 9,856,889 $ 10,113,334
Accumulated depreciation (4,272,202) (3,883,684) (4,181,417)
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Electric utility plant in service, net 5,884,988 5,973,205 5,931,917
Held for future use 12,019 14,176 12,255
Construction work in progress 170,595 177,566 158,347
Nuclear fuel, net of amortization 223,235 194,501 190,991
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Total Electric Utility Plant, Net 6,290,837 6,359,448 6,293,510
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Current Assets
Cash and cash equivalents 33,845 24,901 14,426
Accounts receivable 381,846 312,917 406,872
Fuel 71,677 68,242 47,551
Materials and supplies 140,661 126,813 136,253
Deferred fuel cost (credit ) 14,052 (13,953) 20,630
Prepayments 63,014 67,756 62,040
Other current assets 13,055 29,226 47,034
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Total Current Assets 718,150 615,902 734,806
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Deferred Debits and Other Assets
Income taxes recoverable through future rates 315,932 370,444 328,818
Abandonment costs 31,536 59,161 38,557
Harris Plant deferred costs 62,914 77,139 63,727
Unamortized debt expense 43,046 64,581 48,407
Nuclear decommissioning trust funds 273,131 158,755 245,523
Miscellaneous other property and investments 249,401 343,007 256,291
Other assets and deferred debits 265,486 206,245 211,089
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Total Deferred Debits and Other Assets 1,241,446 1,279,332 1,192,412
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Total Assets 8,250,433 8,254,682 8,220,728
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CAPITALIZATION AND LIABILITIES
Capitalization
Common stock equity $ 2,835,989 $ 2,716,166 $ 2,818,807
Preferred stock - redemption not required 59,376 143,801 59,376
Long-term debt, net 2,449,127 2,524,942 2,415,656
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Total Capitalization 5,344,492 5,384,909 5,293,839
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Current Liabilities
Current portion of long-term debt 208,075 43,436 207,979
Short-term debt - 149,200 -
Accounts payable 196,062 150,097 290,352
Taxes accrued 92,521 76,612 13,666
Interest accrued 32,539 32,020 43,620
Dividends declared 72,236 73,969 72,266
Other current liabilities 94,489 81,291 102,943
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Total Current Liabilities 695,922 606,625 730,826
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Deferred Credits and Other Liabilities
Accumulated deferred income taxes 1,711,620 1,799,860 1,722,908
Accumulated deferred investment tax credits 219,477 229,703 222,028
Other liabilities and deferred credits 278,922 233,585 251,127
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Total Deferred Credits and Other Liabilities 2,210,019 2,263,148 2,196,063
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Commitments and Contingencies (Notes 2, 3 and 4)
Total Capitalization and Liabilities 8,250,433 8,254,682 8,220,728
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SCHEDULES OF COMMON STOCK EQUITY
Common stock $ 1,367,110 $ 1,371,548 $ 1,371,520
Unearned ESOP common stock (160,184) (170,688) (165,804)
Capital stock issuance expense (790) (790) (790)
Retained earnings 1,629,853 1,516,096 1,613,881
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Total Common Stock Equity $ 2,835,989 $ 2,716,166 $ 2,818,807
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See Supplemental Data and Notes to Consolidated Interim Financial Statements.