Condensed Consolidated Balance Sheet (As of December 31, in millions) 2001 2000 Assets Current assets Cash and cash equivalents $1,161 $1,039 Accounts receivable 2,550 2,817 Inventories — at average cost 552 492 Energy trading assets 1,624 2,192 Other 678 603 Total current assets 6,535 7,143 Investments 2,199 3,005 Property, plant and equipment — net 22,480 23,301 Goodwill — net 7,247 7,508 Regulatory assets — net 1,634 2,290 Energy trading assets 823 569 Other assets 1,357 1,178 Total $42,275 $44,994 Liabilities and Shareholders’ Equity Current liabilities Notes payable $3,222 $3,172 Long-term debt due currently 1,308 2,894 Accounts payable 2,466 2,752 Energy trading liabilities 1,517 2,209 Other 1,440 1,849 Total current liabilities 9,953 12,876 Accumulated deferred income taxes 3,796 3,963 Energy trading liabilities 532 460 Other liabilities 2,989 2,743 Long-term debt, less amounts due currently (including equity-linked securities of $1,350 and $700) 16,173 15,281 Preferred securities of subsidiary trusts 665 1,494 Preferred stock of subsidiaries 211 211 Common stock redeemable under equity forward contracts — 190 Shareholders’ equity Preference stock 300 300 Common stock equity (shares outstanding: 2001 — 265 million; 2000 — 258 million) 7,656 7,476 Total shareholders’ equity 7,956 7,776 Total $42,275 $44,994