Progress Energy 2007 Annual Report Download - page 129

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Progress Energy Annual Report 2007
127
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2007
(in millions) Parent Subsidiary Guarantor Other Progress Energy, Inc.
Utility plant, net $– $7,600 $9,005 $16,605
Current assets
Cash and cash equivalents 185 43 27 255
Short-term investments – – 1 1
Notes receivable from affiliated companies 157 149 (306) –
Deferred fuel cost – 6 148 154
Assets to be divested –48 452
Prepayments and other current assets 21 1,211 1,081 2,313
Total current assets 363 1,457 955 2,775
Deferred debits and other assets
Investment in consolidated subsidiaries 10,969 –(10,969) –
Goodwill – 1 3,654 3,655
Other assets and deferred debits 149 1,551 1,551 3,251
Total deferred debits and other assets 11,118 1,552 (5,764) 6,906
Total assets $11,481 $10,609 $4,196 $26,286
Capitalization
Common stock equity $8,422 $3,052 $(3,052) $8,422
Preferred stock of subsidiaries – not subject to mandatory redemption –34 59 93
Minority interest –81 384
Long-term debt, affiliate –309 (38) 271
Long-term debt, net 2,597 2,686 3,183 8,466
Total capitalization 11,019 6,162 155 17,336
Current liabilities
Current portion of long-term debt –577 300 877
Short-term debt 201 – – 201
Notes payable to affiliated companies –227 (227) –
Regulatory liabilities –173 –173
Liabilities to be divested – 8 – 8
Other current liabilities 215 1,028 746 1,989
Total current liabilities 416 2,013 819 3,248
Deferred credits and other liabilities
Noncurrent income tax liabilities –59 302 361
Regulatory liabilities –1,316 1,223 2,539
Accrued pension and other benefits 12 347 404 763
Capital lease obligations –224 15 239
Other liabilities and deferred credits 34 488 1,278 1,800
Total deferred credits and other liabilities 46 2,434 3,222 5,702
Total capitalization and liabilities $11,481 $10,609 $4,196 $26,286