Carolina Power & Light Company
SUPPLEMENTAL DATA Three Months Ended Twelve Months Ended
March 31 March 31
1998 1997 1998 1997
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Operating Revenues (in thousands)
Residential $ 259,136 $ 248,383 $ 997,588 $ 956,256
Commercial 153,540 149,639 652,340 625,941
Industrial 166,466 170,892 733,659 729,236
Government and municipal 18,620 19,438 76,331 74,771
Power Agency contract requirements 18,658 9,119 80,858 80,461
NCEMC 56,529 54,220 228,260 218,736
Other wholesale 23,492 25,321 90,255 90,879
Other utilities 39,689 25,579 143,195 96,959
Miscellaneous revenue 16,166 13,493 57,815 54,975
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Total Operating Revenues $ 752,296 $ 716,084 $ 3,060,301 $ 2,928,214
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Energy Sales (millions of kWh)
Residential 3,438 3,268 12,658 12,070
Commercial 2,358 2,287 10,082 9,580
Industrial 3,479 3,515 15,038 14,637
Government and municipal 314 325 1,283 1,253
Power Agency contract requirements 398 379 2,090 2,132
NCEMC 989 946 4,216 3,803
Other wholesale 529 568 2,081 2,101
Other utilities 1,954 1,160 6,328 4,487
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Total Energy Sales 13,459 12,448 53,776 50,063
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Energy Supply (millions of kWh)
Generated - coal 6,786 5,410 26,922 23,126
nuclear 5,589 5,873 21,406 21,478
hydro 375 318 856 888
combustion turbines 19 2 206 56
Purchased 1,156 1,214 6,260 6,611
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Total Energy Supply (Company Share) 13,925 12,817 55,650 52,159
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Detail of Income Taxes (in thousands)
Included in Operating Expenses
Income tax expense (credit) - current $ 95,024 $ 88,707 $ 338,195 $ 184,553
deferred (22,871) (25,120) (66,349) 79,537
investment tax credit
adjustments (2,552) (2,558) (10,226) (10,392)
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Subtotal 69,601 61,029 261,620 253,698
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Harris Plant deferred costs - investment tax credit
adjustments - (60) (91) (272)
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Total Included in Operating Expenses 69,601 60,969 261,529 253,426
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Included in Other Income
Income tax expense (credit) - current (9,932) (2,387) (28,929) (23,357)
deferred (586) (699) 2,165 10,837
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Total Included in Other Income (10,518) (3,086) (26,764) (12,520)
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Total Income Tax Expense $ 59,083 $ 57,883 $ 234,765 $ 240,906
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FINANCIAL STATISTICS
Ratio of earnings to fixed charges 4.22 3.95
Return on average common stock equity 14.05% 12.91%
Book value per common share $ 19.73 $ 18.91
Capitalization ratios
Common stock equity 53.06% 50.44%
Preferred stock - redemption not required 1.11 2.67
Long-term debt, net 45.83 46.89
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Total 100.00% 100.00%
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See Notes to Consolidated Interim Financial Statements.