FS-6 -NCNG BALANCE SHEET
NORTH CAROLINA NATURAL GAS COMPANY
BALANCE SHEET
SEPTEMBER 30, 2000
(In thousands)
--------------------------------------------------------------------------------
ASSETS
GAS UTILITY PLANT
In service $ 366,533
Accumulated depreciation (139,013)
--------------------------------------------------------------------------------
Gas utility plant in service, net 227,520
Construction work in progress 57,638
--------------------------------------------------------------------------------
Total Utility Plant, Net 285,158
--------------------------------------------------------------------------------
INVESTMENTS
Nonutility property, less accumulated depreciation
($55, $2,918 and $2,964, respectively) 22
Investment in joint ventures 4,996
--------------------------------------------------------------------------------
Total Investments 5,018
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and temporary cash investments 187
Restricted cash and temporary cash investments 182
Accounts receivable, less allowance for doubtful accounts
($1,421, $2,208 and $2,335, respectively) 23,375
Recoverable purchased gas costs 10,730
Inventories, at average cost-
Gas in storage 12,161
Materials and supplies 5,938
Merchandise 161
Prepaid income taxes 2,072
Deferred gas cost - unbilled volumes 4,000
Prepaid expenses and other 371
--------------------------------------------------------------------------------
Total Current Assets 62,176
--------------------------------------------------------------------------------
DEFERRED CHARGES AND OTHER:
Goodwill 228,972
Debt discount and expense, being amortized over lives of related debt 4,125
Prepaid pension cost -
Regulatory asset related to income taxes -
Other 5,241
--------------------------------------------------------------------------------
Total Deferred Charges and Other 238,338
--------------------------------------------------------------------------------
TOTAL ASSETS $ 587,691
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Stockholders' investment $ 376,874
--------------------------------------------------------------------------------
Total Capitalization 376,874
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Notes payable to Parent 131,260
Accounts payable 30,978
Customer deposits 1,448
Restricted supplier refunds 182
Accrued interest 482
Accrued income and other taxes 3,889
Other 7,063
--------------------------------------------------------------------------------
Total Current Liabilities 175,302
--------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
OTHER CREDITS:
Deferred income taxes 26,080
Regulatory liability related to income taxes 1,627
Unamortized investment tax credits 1,937
Postretirement and postemployment benefit liability 4,457
Other 1,414
--------------------------------------------------------------------------------
Total Other Credits 35,515
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 587,691
--------------------------------------------------------------------------------
