v3.26.1
Condensed Consolidated Balance Sheets - Progress Energy - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,140 $ 245
Receivables (net of allowance for doubtful accounts) 3,947 4,230
Inventory 4,572 4,569
Regulatory assets 2,201 1,934
Other (includes amounts related to VIEs) 586 526
Total current assets 13,446 11,613
Property, Plant and Equipment    
Cost 193,525 190,409
Accumulated depreciation and amortization (61,252) (60,450)
Net property, plant and equipment 132,273 129,959
Other Noncurrent Assets    
Goodwill 19,010 19,010
Regulatory assets 15,059 14,379
Nuclear decommissioning trust funds 12,644 12,889
Operating lease right-of-use assets, net 1,169 1,241
Other 4,119 4,167
Total other noncurrent assets 52,329 54,164
Total Assets 198,048 195,736
Current Liabilities    
Accounts payable 4,732 5,223
Taxes accrued 839 975
Interest accrued 816 922
Current maturities of long-term debt 7,395 7,104
Asset retirement obligations 574 579
Regulatory liabilities 1,554 1,271
Other 2,051 2,265
Total current liabilities 20,334 21,047
Long-Term Debt (includes amounts related to VIEs) 80,477 80,108
Other Noncurrent Liabilities    
Deferred income taxes 12,799 12,377
Asset retirement obligations 9,036 9,046
Regulatory liabilities 14,774 15,682
Operating lease liabilities 964 1,033
Accrued pension and other post-retirement benefit costs 384 396
Investment tax credits 985 969
Other 1,817 1,889
Total other noncurrent liabilities 40,759 41,562
Commitments and Contingencies
Equity    
Common stock 1 1
Additional paid-in capital 47,551 45,614
Retained earnings 5,761 5,056
Accumulated other comprehensive income 171 198
Total stockholders' equity 54,457 51,842
Noncontrolling interests 2,021 1,177
Total equity 56,478 53,019
Total Liabilities and Equity 198,048 195,736
Variable Interest Entity    
Current Assets    
Inventory 1,062 669
Regulatory assets 204 204
Other (includes amounts related to VIEs) 82 88
Other Noncurrent Assets    
Regulatory assets 3,062 3,108
Current Liabilities    
Accounts payable 376 296
Current maturities of long-term debt 147 118
Long-Term Debt (includes amounts related to VIEs) 3,222 3,308
Progress Energy    
Current Assets    
Cash and cash equivalents 102 54
Inventory 2,200 2,210
Regulatory assets 961 753
Other (includes amounts related to VIEs) 310 150
Total current assets 5,161 5,049
Property, Plant and Equipment    
Cost 79,725 78,347
Accumulated depreciation and amortization (25,828) (25,425)
Net property, plant and equipment 53,897 52,922
Other Noncurrent Assets    
Goodwill 3,655 3,655
Regulatory assets 6,759 6,650
Nuclear decommissioning trust funds 5,432 5,550
Operating lease right-of-use assets, net 574 607
Other 1,428 1,405
Total other noncurrent assets 17,848 17,867
Total Assets 76,906 75,838
Current Liabilities    
Notes payable to affiliated companies 751  
Taxes accrued 164 222
Interest accrued 260 256
Current maturities of long-term debt 1,880 722
Asset retirement obligations 188 196
Regulatory liabilities 508 350
Other 688 758
Total current liabilities 6,531 4,754
Other Noncurrent Liabilities    
Deferred income taxes 5,843 5,576
Asset retirement obligations 4,292 4,290
Regulatory liabilities 5,020 5,601
Operating lease liabilities 519 552
Accrued pension and other post-retirement benefit costs 245 247
Investment tax credits 445 434
Other 488 491
Total other noncurrent liabilities 16,852 17,191
Commitments and Contingencies
Equity    
Common stock 0 0
Additional paid-in capital 14,232 12,278
Retained earnings 13,295 15,499
Accumulated other comprehensive income (9) (10)
Total stockholders' equity 27,518 27,767
Noncontrolling interests 828  
Total equity 28,346 27,767
Total Liabilities and Equity 76,906 75,838
Progress Energy | Variable Interest Entity    
Current Assets    
Inventory 675 669
Regulatory assets 132 132
Other (includes amounts related to VIEs) 47 72
Other Noncurrent Assets    
Regulatory assets 1,818 1,851
Current Liabilities    
Accounts payable 258 289
Current maturities of long-term debt 111 102
Long-Term Debt (includes amounts related to VIEs) 1,876 1,936
Progress Energy | Notes Receivable    
Current Assets    
Receivables (net of allowance for doubtful accounts)   251
Progress Energy | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 1,494 1,550
Current Liabilities    
Accounts payable 1,604 1,679
Long-Term Debt (includes amounts related to VIEs) 25,027 25,976
Progress Energy | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 94 81
Current Liabilities    
Accounts payable 488 571
Long-Term Debt (includes amounts related to VIEs) $ 150 $ 150