|
Financial Statements |
 |
Consolidated Balance Sheets - Assets
| Duke Energy Corporation |
|
December 31, |
|
| (In millions) |
|
1998 |
|
1997 |
|
| ASSETS |
|
|
|
|
| Current Assets (Note 1) |
|
|
|
|
| Cash and cash equivalents (Note 7) |
$ |
80 |
$ |
109 |
| Receivables (Note 7) |
|
2,318 |
|
2,281 |
| Inventory |
|
543 |
|
440 |
| Current portion of natural gas transition costs (Note 4) |
|
100 |
|
67 |
| Current portion of purchased capacity costs (Note 5) |
|
99 |
|
76 |
| Unrealized gains on mark to market transactions (Note 7) |
|
1,457 |
|
551 |
| Other (Note 7) |
|
228 |
|
161 |
| |
|
| Total current assets |
|
4,825 |
|
3,685 |
|
| |
|
| Investments and Other Assets |
|
|
|
|
| Investments in affiliates (Notes 8 and 11) |
|
902 |
|
686 |
| Nuclear decommissioning trust funds (Notes 7 and 11) |
|
580 |
|
471 |
| Pre-funded pension costs (Note 17) |
|
332 |
|
337 |
| Goodwill, net (Notes 1, 2 and 6) |
|
495 |
|
504 |
| Notes receivable |
|
244 |
|
240 |
| Unrealized gains on mark to market transactions (Notes 1 and 7) |
|
396 |
|
66 |
| Other |
|
283 |
|
144 |
| |
|
| Total investments and other assets |
|
3,232 |
|
2,448 |
|
| |
|
| Property, Plant and Equipment (Notes 1, 5, 9, 10, 11 and 14) |
|
|
|
|
| Cost |
|
27,128 |
|
25,448 |
| Less accumulated depreciation and amortization |
|
10,253 |
|
9,712 |
| |
|
| Net property, plant and equipment |
|
16,875 |
|
15,736 |
|
| |
|
| Regulatory Assets and Deferred Debits (Note 1) |
|
|
|
|
| Purchased capacity costs (Note 5) |
|
648 |
|
759 |
| Debt expense |
|
253 |
|
253 |
| Regulatory asset related to income taxes |
|
506 |
|
511 |
| Natural gas transition costs (Note 4) |
|
80 |
|
194 |
| Environmental clean-up costs |
|
87 |
|
104 |
| Other |
|
300 |
|
339 |
| |
|
| Total regulatory assets and deferred debits |
|
1,874 |
|
2,160 |
|
| Total Assets |
$ |
26,806 |
$ |
24,029 |
 |
| See Notes to Consolidated Financial Statements |
|
|
