v3.2.0.727

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 115	$ 22
Accounts receivable, net	119	127
Inventories	42	40
Regulatory assets	0	32
Deferred income taxes	34	42
Other current assets	23	20
Total current assets	333	283
Property, plant and equipment, net	2,662	2,640
Regulatory assets	431	444
Other assets	17	21
Total assets	3,443	3,388
Current liabilities:
Accounts payable	135	127
Accrued interest	15	15
Accrued property and other taxes	11	12
Regulatory liabilities	58	39
Current portion of long-term debt	451	1
Customer Deposits, Current	18	16
Other current liabilities	21	14
Total current liabilities	709	224
Long-term debt	748	1,199
Regulatory liabilities	238	262
Deferred income taxes	577	566
Other long-term liabilities	145	139
Total liabilities	2,417	2,390
Shareholder's Equity:
Common stock - $3.75 stated value, 20,000,000 shares authorized and 1,000 issued and outstanding	0	0
Other paid-in capital	1,111	1,111
Accumulated deficit	(83)	(111)
Accumulated other comprehensive loss, net	(2)	(2)
Total shareholder's equity	1,026	998
Total liabilities and shareholder's equity	$ 3,443	$ 3,388

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

SIERRA PACIFIC POWER CO 10-Q