Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 04, 2014 | |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Corporation | ' |
Entity Central Index Key | '0001326160 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 707,290,608 |
Duke Energy Carolinas [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Carolinas, LLC | ' |
Entity Central Index Key | '0000030371 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Progress Energy [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Progress Energy, Inc | ' |
Entity Central Index Key | '0001094093 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Progress [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Progress, Inc. | ' |
Entity Central Index Key | '0000017797 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Florida [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Florida, Inc. | ' |
Entity Central Index Key | '0000037637 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Ohio [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Ohio, Inc. | ' |
Entity Central Index Key | '0000020290 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Indiana [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Indiana, Inc. | ' |
Entity Central Index Key | '0000081020 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Regulated electric | $5,861 | $5,685 | $16,549 | $15,355 | ||||
Nonregulated electric, natural gas and other | 449 | 449 | 1,403 | 1,415 | ||||
Regulated natural gas | 85 | 83 | 414 | 362 | ||||
Total operating revenues | 6,395 | 6,217 | 18,366 | 17,132 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 2,132 | 2,013 | 5,940 | 5,394 | ||||
Fuel used in electric generation and purchased power - nonregulated | 148 | 130 | 410 | 435 | ||||
Cost of natural gas and other | 27 | 18 | 181 | 132 | ||||
Operation, maintenance and other | 1,409 | 1,402 | 4,254 | 4,211 | ||||
Depreciation and amortization | 788 | 672 | 2,305 | 1,940 | ||||
Property and other taxes | 275 | 319 | 936 | 972 | ||||
Impairment charges | 1 | 2 | 81 | 388 | ||||
Total operating expenses | 4,780 | 4,556 | 14,107 | 13,472 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 4 | -1 | 11 | 3 | ||||
Operating Income (Loss) | 1,619 | 1,660 | 4,270 | 3,663 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Equity in earnings of unconsolidated affiliates | 28 | 32 | 97 | 91 | ||||
Other income and expenses, net | 109 | 55 | 293 | 182 | ||||
Total other income and expenses | 137 | 87 | 390 | 273 | ||||
Interest Expense | 405 | 378 | 1,212 | 1,125 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 1,351 | 1,369 | 3,448 | 2,811 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 460 | 423 | 1,081 | 909 | ||||
Income (Loss) from Continuing Operations Attributable to Parent | 888 | 942 | 2,356 | 1,890 | ||||
Income (Loss) From Continuing Operations | 891 | 946 | 2,367 | 1,902 | ||||
Income (Loss) From Discontinued Operations, net of tax | 378 | 62 | -578 | 82 | ||||
Net income (loss) | 1,269 | 1,008 | 1,789 | 1,984 | ||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | -5 | 4 | 3 | 7 | ||||
Net Income (Loss) Attributable to Parent | 1,274 | 1,004 | 1,786 | 1,977 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Pension and OPEB adjustments | 1 | ' | 1 | 5 | ||||
Net unrealized gain (loss) on cash flow hedges | 2 | [1] | 1 | [1] | -10 | [1] | 55 | [1] |
Reclassification into earnings from cash flow hedges | 2 | 1 | 5 | 1 | ||||
Unrealized gains (losses) on investments in available-for-sale securities | ' | -1 | 2 | -5 | ||||
Other Comprehensive Loss, net of tax | -97 | -4 | -52 | -78 | ||||
Comprehensive Income (Loss) | 1,172 | 1,004 | 1,737 | 1,906 | ||||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -1 | 4 | 8 | 3 | ||||
Comprehensive Income Attributable to Parent | 1,173 | 1,000 | 1,729 | 1,903 | ||||
Income from continuing operations attributable to Duke Energy Corporation common shareholders | ' | ' | ' | ' | ||||
Basic (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||||
Diluted (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||||
Income (Loss) from discontinued operations attributable to Duke Energy Corporation common shareholders | ' | ' | ' | ' | ||||
Basic (usd per share) | $0.55 | $0.09 | ($0.81) | $0.12 | ||||
Diluted (usd per share) | $0.55 | $0.09 | ($0.81) | $0.12 | ||||
Net Income attributable to Duke Energy Corporation common shareholders | ' | ' | ' | ' | ||||
Basic (usd per share) | $1.80 | $1.42 | $2.52 | $2.79 | ||||
Diluted (usd per share) | $1.80 | $1.42 | $2.52 | $2.79 | ||||
Weighted-average shares outstanding | ' | ' | ' | ' | ||||
Basic (shares) | 707 | 706 | 707 | 706 | ||||
Diluted (shares) | 707 | 706 | 707 | 706 | ||||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Total operating revenues | 1,938 | 1,919 | 5,693 | 5,239 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 524 | 539 | 1,685 | 1,500 | ||||
Operation, maintenance and other | 465 | 456 | 1,415 | 1,392 | ||||
Depreciation and amortization | 260 | 228 | 750 | 676 | ||||
Property and other taxes | 59 | 90 | 263 | 282 | ||||
Impairment charges | ' | ' | 3 | ' | ||||
Total operating expenses | 1,308 | 1,313 | 4,116 | 3,850 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | ' | -2 | ' | ' | ||||
Operating Income (Loss) | 630 | 604 | 1,577 | 1,389 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 44 | 29 | 137 | 94 | ||||
Interest Expense | 104 | 82 | 307 | 255 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 570 | 551 | 1,407 | 1,228 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 193 | 209 | 474 | 461 | ||||
Net Income (Loss) Attributable to Parent | 377 | 342 | 933 | 767 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Reclassification into earnings from cash flow hedges | ' | 1 | 2 | 1 | ||||
Other Comprehensive Loss, net of tax | ' | ' | 2 | 1 | ||||
Comprehensive Income Attributable to Parent | 377 | 343 | 935 | 768 | ||||
Progress Energy [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Total operating revenues | 2,863 | 2,766 | 7,825 | 7,233 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 1,214 | 1,154 | 3,234 | 2,932 | ||||
Operation, maintenance and other | 564 | 559 | 1,714 | 1,653 | ||||
Depreciation and amortization | 294 | 240 | 851 | 644 | ||||
Property and other taxes | 127 | 141 | 415 | 423 | ||||
Impairment charges | 1 | 2 | -16 | 368 | ||||
Total operating expenses | 2,200 | 2,096 | 6,198 | 6,020 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 2 | 1 | 3 | 2 | ||||
Operating Income (Loss) | 665 | 671 | 1,630 | 1,215 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 26 | 26 | 54 | 63 | ||||
Interest Expense | 166 | 162 | 502 | 520 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 525 | 535 | 1,182 | 758 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 195 | 207 | 441 | 289 | ||||
Income (Loss) from Continuing Operations Attributable to Parent | 329 | 327 | 739 | 467 | ||||
Income (Loss) From Continuing Operations | 330 | 328 | 741 | 469 | ||||
Income (Loss) From Discontinued Operations, net of tax | ' | 14 | -6 | 10 | ||||
Net income (loss) | 330 | 342 | 735 | 479 | ||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | 1 | 1 | 2 | 2 | ||||
Net Income (Loss) Attributable to Parent | 329 | 341 | 733 | 477 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Pension and OPEB adjustments | 1 | 4 | 2 | 5 | ||||
Net unrealized gain (loss) on cash flow hedges | ' | -3 | ' | ' | ||||
Reclassification into earnings from cash flow hedges | 1 | 3 | 5 | 3 | ||||
Unrealized gains (losses) on investments in available-for-sale securities | 1 | ' | 1 | ' | ||||
Other Comprehensive Loss, net of tax | 3 | 4 | 8 | 8 | ||||
Comprehensive Income (Loss) | 333 | 346 | 743 | 487 | ||||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 1 | 1 | 2 | 2 | ||||
Comprehensive Income Attributable to Parent | 332 | 345 | 741 | 485 | ||||
Duke Energy Progress [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Total operating revenues | 1,367 | 1,430 | 3,980 | 3,781 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 552 | 574 | 1,579 | 1,470 | ||||
Operation, maintenance and other | 346 | 352 | 1,074 | 1,044 | ||||
Depreciation and amortization | 155 | 143 | 441 | 393 | ||||
Property and other taxes | 29 | 59 | 150 | 172 | ||||
Impairment charges | ' | ' | -18 | 22 | ||||
Total operating expenses | 1,082 | 1,128 | 3,226 | 3,101 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | ' | 1 | 1 | 1 | ||||
Operating Income (Loss) | 285 | 303 | 755 | 681 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 18 | 21 | 34 | 43 | ||||
Interest Expense | 57 | 52 | 172 | 147 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 246 | 272 | 617 | 577 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 89 | 97 | 226 | 215 | ||||
Net Income (Loss) Attributable to Parent | 157 | 175 | 391 | 362 | ||||
Duke Energy Florida [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Total operating revenues | 1,491 | 1,332 | 3,832 | 3,442 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 662 | 579 | 1,655 | 1,462 | ||||
Operation, maintenance and other | 212 | 207 | 626 | 616 | ||||
Depreciation and amortization | 139 | 95 | 410 | 237 | ||||
Property and other taxes | 99 | 81 | 266 | 245 | ||||
Impairment charges | 1 | 1 | 2 | 346 | ||||
Total operating expenses | 1,113 | 963 | 2,959 | 2,906 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | ' | ' | ' | 1 | ||||
Operating Income (Loss) | 378 | 369 | 873 | 537 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 6 | 6 | 17 | 19 | ||||
Interest Expense | 51 | 46 | 150 | 138 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 333 | 329 | 740 | 418 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 128 | 132 | 285 | 168 | ||||
Net Income (Loss) Attributable to Parent | 205 | 197 | 455 | 250 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Pension and OPEB adjustments | ' | -1 | ' | -1 | ||||
Reclassification into earnings from cash flow hedges | ' | ' | 1 | ' | ||||
Other Comprehensive Loss, net of tax | 0 | -1 | 1 | -1 | ||||
Comprehensive Income Attributable to Parent | 205 | 196 | 456 | 249 | ||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Regulated electric | 352 | 338 | 998 | 957 | ||||
Nonregulated electric, natural gas and other | 6 | 16 | 17 | 28 | ||||
Regulated natural gas | 88 | 84 | 418 | 364 | ||||
Total operating revenues | 446 | 438 | 1,433 | 1,349 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 129 | 121 | 360 | 327 | ||||
Fuel used in electric generation and purchased power - nonregulated | 5 | 13 | 24 | 32 | ||||
Cost of natural gas and other | 8 | 9 | 129 | 102 | ||||
Operation, maintenance and other | 134 | 133 | 378 | 415 | ||||
Depreciation and amortization | 54 | 53 | 167 | 160 | ||||
Property and other taxes | 58 | 59 | 170 | 184 | ||||
Impairment charges | ' | ' | 94 | ' | ||||
Total operating expenses | 388 | 388 | 1,322 | 1,220 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | ' | ' | ' | 4 | ||||
Operating Income (Loss) | 58 | 50 | 111 | 133 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 3 | 2 | 9 | 4 | ||||
Interest Expense | 20 | 14 | 60 | 47 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 41 | 38 | 60 | 90 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 15 | 14 | 21 | 33 | ||||
Income (Loss) from Continuing Operations Attributable to Parent | 26 | 24 | 39 | 57 | ||||
Income (Loss) From Discontinued Operations, net of tax | 413 | 35 | -597 | 39 | ||||
Net Income (Loss) Attributable to Parent | 439 | 59 | -558 | 96 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Pension and OPEB adjustments | ' | ' | ' | 1 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | 1 | ||||
Comprehensive Income Attributable to Parent | 439 | 59 | -558 | 97 | ||||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ||||
Operating Revenues | ' | ' | ' | ' | ||||
Total operating revenues | 790 | 755 | 2,383 | 2,179 | ||||
Operating Expenses | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 319 | 283 | 945 | 852 | ||||
Operation, maintenance and other | 160 | 176 | 485 | 489 | ||||
Depreciation and amortization | 104 | 72 | 309 | 227 | ||||
Property and other taxes | 25 | 21 | 69 | 59 | ||||
Total operating expenses | 608 | 552 | 1,808 | 1,627 | ||||
Operating Income (Loss) | 182 | 203 | 575 | 552 | ||||
Other Income and Expenses | ' | ' | ' | ' | ||||
Other income and expenses, net | 5 | 4 | 16 | 14 | ||||
Interest Expense | 40 | 43 | 127 | 127 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 147 | 164 | 464 | 439 | ||||
Income Tax Expense (Benefit) from Continuing Operations | 46 | 60 | 163 | 163 | ||||
Net Income (Loss) Attributable to Parent | 101 | 104 | 301 | 276 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Reclassification into earnings from cash flow hedges | ' | -1 | ' | -2 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | -2 | ||||
Comprehensive Income Attributable to Parent | $101 | $103 | $301 | $274 | ||||
[1] | Net of insignificant tax expense and $5 million tax benefit for the three and nine months ended September 30, 2014 and $1 million tax benefit and $17 million tax expense for the three and nine months ended September 30, 2013. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] | ' | ' | ' | ' | ||||
Net income (loss) | $1,269 | $1,008 | $1,789 | $1,984 | ||||
Other Comprehensive Loss, net of tax | ' | ' | ' | ' | ||||
Foreign currency translation adjustments | -102 | -8 | -50 | -137 | ||||
Pension and OPEB adjustments | 1 | ' | 1 | 5 | ||||
Net unrealized gain (loss) on cash flow hedges | 2 | [1] | 1 | [1] | -10 | [1] | 55 | [1] |
Reclassification into earnings from cash flow hedges | 2 | 1 | 5 | 1 | ||||
Unrealized gains (losses) on investments in available-for-sale securities | ' | -1 | 2 | -5 | ||||
Reclassification into earnings from available-for-sale-securities | ' | 3 | ' | 3 | ||||
Other Comprehensive Loss, net of tax | -97 | -4 | -52 | -78 | ||||
Comprehensive Income (Loss) | 1,172 | 1,004 | 1,737 | 1,906 | ||||
Less: Comprehensive (Loss) Income Attributable to Noncontrolling Interests | -1 | 4 | 8 | 3 | ||||
Comprehensive Income Attributable to Parent | $1,173 | $1,000 | $1,729 | $1,903 | ||||
[1] | Net of insignificant tax expense and $5 million tax benefit for the three and nine months ended September 30, 2014 and $1 million tax benefit and $17 million tax expense for the three and nine months ended September 30, 2013. |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net unrealized gains (losses) on cash flow hedges, tax | ($1) | ($5) | $17 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current Assets | ' | ' |
Cash and cash equivalents | $1,931 | $1,501 |
Short-Term investments | ' | 44 |
Receivables (net of allowance for doubtful accounts) | 854 | 1,286 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 2,069 | 1,719 |
Inventory | 3,200 | 3,250 |
Assets held for sale | 335 | ' |
Regulatory assets | 1,232 | 895 |
Other | 1,954 | 1,821 |
Total current assets | 11,575 | 10,516 |
Investments and Other Assets | ' | ' |
Investments in equity method unconsolidated affiliates | 350 | 390 |
Nuclear decommissioning trust funds | 5,374 | 5,132 |
Goodwill | 16,331 | 16,340 |
Assets held for sale | 2,718 | 107 |
Other | 3,287 | 3,432 |
Total investments and other assets | 28,060 | 25,401 |
Property, Plant and Equipment | ' | ' |
Cost | 104,140 | 103,115 |
Accumulated depreciation and amortization | -34,545 | -33,625 |
Net property, plant and equipment | 69,595 | 69,490 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 10,252 | 9,191 |
Other | 174 | 181 |
Total regulatory assets and deferred debits | 10,426 | 9,372 |
Total Assets | 119,656 | 114,779 |
Current Liabilities | ' | ' |
Accounts payable | 1,801 | 2,391 |
Notes payable and commercial paper | 1,787 | 839 |
Taxes accrued | 704 | 551 |
Interest accrued | 476 | 440 |
Current maturities of long-term debt | 1,156 | 2,104 |
Liabilities associated with assets held for sale | 284 | 7 |
Regulatory liabilities | 175 | 316 |
Other | 1,868 | 1,996 |
Total current liabilities | 8,251 | 8,644 |
Long-Term Debt | 38,702 | 38,152 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 12,989 | 12,097 |
Investment tax credits | 431 | 442 |
Accrued pension and other post-retirement benefit costs | 1,231 | 1,322 |
Liabilities associated with assets held for sale | 57 | 66 |
Asset retirement obligations | 8,499 | 4,950 |
Regulatory liabilities | 6,220 | 5,949 |
Other | 1,823 | 1,749 |
Total deferred credits and other liabilities | 31,250 | 26,575 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 1 | 1 |
Additional paid-in capital | 39,388 | 39,365 |
Retained earnings | 2,479 | 2,363 |
Accumulated other comprehensive loss | -456 | -399 |
Total Duke Energy Corporation stockholders' equity | 41,412 | 41,330 |
Noncontrolling interests | 41 | 78 |
Total equity | 41,453 | 41,408 |
Total Liabilities and Equity | 119,656 | 114,779 |
Duke Energy Carolinas [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 34 | 23 |
Receivables (net of allowance for doubtful accounts) | 123 | 186 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 695 | 673 |
Receivables from affiliated companies | 117 | 75 |
Notes receivable from affiliated companies | 339 | 222 |
Inventory | 973 | 1,065 |
Regulatory assets | 388 | 295 |
Other | 247 | 309 |
Total current assets | 2,916 | 2,848 |
Investments and Other Assets | ' | ' |
Nuclear decommissioning trust funds | 2,965 | 2,840 |
Other | 975 | 1,000 |
Total investments and other assets | 3,940 | 3,840 |
Property, Plant and Equipment | ' | ' |
Cost | 37,670 | 34,906 |
Accumulated depreciation and amortization | -12,544 | -11,894 |
Net property, plant and equipment | 25,126 | 23,012 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 1,986 | 1,527 |
Other | 42 | 46 |
Total regulatory assets and deferred debits | 2,028 | 1,573 |
Total Assets | 34,010 | 31,273 |
Current Liabilities | ' | ' |
Accounts payable | 514 | 701 |
Accounts payable to affiliated companies | 176 | 161 |
Taxes accrued | 334 | 147 |
Interest accrued | 130 | 97 |
Current maturities of long-term debt | 7 | 47 |
Regulatory liabilities | 31 | 65 |
Other | 399 | 393 |
Total current liabilities | 1,591 | 1,611 |
Long-Term Debt | 8,087 | 8,089 |
Long-Term Debt Payable to Affiliated Companies | 300 | 300 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 5,725 | 5,706 |
Investment tax credits | 205 | 210 |
Accrued pension and other post-retirement benefit costs | 149 | 161 |
Asset retirement obligations | 3,691 | 1,594 |
Regulatory liabilities | 2,690 | 2,576 |
Other | 663 | 676 |
Total deferred credits and other liabilities | 13,123 | 10,923 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Member's equity | 10,922 | 10,365 |
Accumulated other comprehensive loss | -13 | -15 |
Total member's equity | 10,909 | 10,350 |
Total Liabilities and Equity | 34,010 | 31,273 |
Progress Energy [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 47 | 58 |
Receivables (net of allowance for doubtful accounts) | 184 | 528 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 877 | 417 |
Receivables from affiliated companies | 36 | 4 |
Notes receivable from affiliated companies | 164 | 75 |
Inventory | 1,509 | 1,424 |
Regulatory assets | 566 | 353 |
Other | 622 | 726 |
Total current assets | 4,005 | 3,585 |
Investments and Other Assets | ' | ' |
Nuclear decommissioning trust funds | 2,409 | 2,292 |
Goodwill | 3,655 | 3,655 |
Other | 792 | 804 |
Total investments and other assets | 6,856 | 6,751 |
Property, Plant and Equipment | ' | ' |
Cost | 37,796 | 36,480 |
Accumulated depreciation and amortization | -13,397 | -13,098 |
Net property, plant and equipment | 24,399 | 23,382 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 4,818 | 4,155 |
Other | 94 | 96 |
Total regulatory assets and deferred debits | 4,912 | 4,251 |
Total Assets | 40,172 | 37,969 |
Current Liabilities | ' | ' |
Accounts payable | 636 | 836 |
Accounts payable to affiliated companies | 265 | 123 |
Notes payable to affiliated companies | 822 | 1,213 |
Taxes accrued | 317 | 105 |
Interest accrued | 192 | 181 |
Current maturities of long-term debt | 318 | 485 |
Regulatory liabilities | 106 | 207 |
Other | 743 | 896 |
Total current liabilities | 3,399 | 4,046 |
Long-Term Debt | 14,194 | 13,630 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 3,999 | 3,283 |
Accrued pension and other post-retirement benefit costs | 621 | 765 |
Asset retirement obligations | 4,015 | 2,562 |
Regulatory liabilities | 2,397 | 2,292 |
Other | 515 | 527 |
Total deferred credits and other liabilities | 11,547 | 9,429 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 0 | 0 |
Additional paid-in capital | 7,467 | 7,467 |
Retained earnings | 3,647 | 3,452 |
Accumulated other comprehensive loss | -51 | -59 |
Total Duke Energy Corporation stockholders' equity | 11,063 | 10,860 |
Noncontrolling interests | -31 | 4 |
Total equity | 11,032 | 10,864 |
Total Liabilities and Equity | 40,172 | 37,969 |
Duke Energy Progress [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 6 | 21 |
Receivables (net of allowance for doubtful accounts) | 72 | 145 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 475 | 417 |
Receivables from affiliated companies | 9 | 2 |
Inventory | 928 | 853 |
Regulatory assets | 325 | 127 |
Other | 261 | 296 |
Total current assets | 2,076 | 1,861 |
Investments and Other Assets | ' | ' |
Nuclear decommissioning trust funds | 1,626 | 1,539 |
Other | 475 | 443 |
Total investments and other assets | 2,101 | 1,982 |
Property, Plant and Equipment | ' | ' |
Cost | 23,511 | 22,273 |
Accumulated depreciation and amortization | -8,931 | -8,623 |
Net property, plant and equipment | 14,580 | 13,650 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 2,187 | 1,384 |
Other | 34 | 32 |
Total regulatory assets and deferred debits | 2,221 | 1,416 |
Total Assets | 20,978 | 18,909 |
Current Liabilities | ' | ' |
Accounts payable | 305 | 420 |
Accounts payable to affiliated companies | 205 | 103 |
Notes payable to affiliated companies | 122 | 462 |
Taxes accrued | 149 | 37 |
Interest accrued | 78 | 70 |
Current maturities of long-term debt | 306 | 174 |
Regulatory liabilities | 66 | 63 |
Other | 344 | 392 |
Total current liabilities | 1,575 | 1,721 |
Long-Term Debt | 5,410 | 5,061 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 2,729 | 2,557 |
Accrued pension and other post-retirement benefit costs | 311 | 321 |
Asset retirement obligations | 3,206 | 1,729 |
Regulatory liabilities | 1,796 | 1,673 |
Other | 159 | 222 |
Total deferred credits and other liabilities | 8,201 | 6,502 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 2,159 | 2,159 |
Retained earnings | 3,633 | 3,466 |
Total equity | 5,792 | 5,625 |
Total Liabilities and Equity | 20,978 | 18,909 |
Duke Energy Florida [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 15 | 16 |
Receivables (net of allowance for doubtful accounts) | 109 | 375 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 403 | ' |
Receivables from affiliated companies | 40 | 3 |
Notes receivable from affiliated companies | 182 | ' |
Inventory | 581 | 571 |
Regulatory assets | 241 | 221 |
Other | 230 | 182 |
Total current assets | 1,801 | 1,368 |
Investments and Other Assets | ' | ' |
Nuclear decommissioning trust funds | 783 | 753 |
Other | 261 | 252 |
Total investments and other assets | 1,044 | 1,005 |
Property, Plant and Equipment | ' | ' |
Cost | 14,275 | 13,863 |
Accumulated depreciation and amortization | -4,460 | -4,252 |
Net property, plant and equipment | 9,815 | 9,611 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 2,631 | 2,729 |
Other | 42 | 44 |
Total regulatory assets and deferred debits | 2,673 | 2,773 |
Total Assets | 15,333 | 14,757 |
Current Liabilities | ' | ' |
Accounts payable | 331 | 333 |
Accounts payable to affiliated companies | 67 | 38 |
Notes payable to affiliated companies | ' | 181 |
Taxes accrued | 164 | 66 |
Interest accrued | 65 | 46 |
Current maturities of long-term debt | 12 | 11 |
Regulatory liabilities | 40 | 144 |
Other | 370 | 445 |
Total current liabilities | 1,049 | 1,264 |
Long-Term Debt | 5,090 | 4,875 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 2,109 | 1,829 |
Accrued pension and other post-retirement benefit costs | 277 | 286 |
Asset retirement obligations | 809 | 833 |
Regulatory liabilities | 600 | 618 |
Other | 270 | 255 |
Total deferred credits and other liabilities | 4,065 | 3,821 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 1,762 | 1,762 |
Retained earnings | 3,367 | 3,036 |
Accumulated other comprehensive loss | ' | -1 |
Total equity | 5,129 | 4,797 |
Total Liabilities and Equity | 15,333 | 14,757 |
Duke Energy Ohio [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 28 | 36 |
Receivables (net of allowance for doubtful accounts) | 110 | 121 |
Receivables from affiliated companies | 59 | 121 |
Notes receivable from affiliated companies | 235 | 57 |
Inventory | 139 | 229 |
Assets held for sale | 284 | ' |
Regulatory assets | 67 | 57 |
Other | 135 | 270 |
Total current assets | 1,057 | 891 |
Investments and Other Assets | ' | ' |
Goodwill | 920 | 920 |
Assets held for sale | 2,682 | ' |
Other | 20 | 232 |
Total investments and other assets | 3,622 | 1,152 |
Property, Plant and Equipment | ' | ' |
Cost | 7,155 | 11,143 |
Accumulated depreciation and amortization | -2,250 | -2,908 |
Net property, plant and equipment | 4,905 | 8,235 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 480 | 471 |
Other | 8 | 14 |
Total regulatory assets and deferred debits | 488 | 485 |
Total Assets | 10,072 | 10,763 |
Current Liabilities | ' | ' |
Accounts payable | 168 | 319 |
Accounts payable to affiliated companies | 71 | 77 |
Notes payable to affiliated companies | 563 | 43 |
Taxes accrued | 188 | 167 |
Interest accrued | 30 | 17 |
Current maturities of long-term debt | 197 | 47 |
Liabilities associated with assets held for sale | 269 | ' |
Regulatory liabilities | 10 | 27 |
Other | 79 | 110 |
Total current liabilities | 1,575 | 807 |
Long-Term Debt | 1,586 | 2,141 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 1,753 | 2,012 |
Accrued pension and other post-retirement benefit costs | 29 | 58 |
Liabilities associated with assets held for sale | 57 | ' |
Asset retirement obligations | 25 | 28 |
Regulatory liabilities | 267 | 262 |
Other | 169 | 186 |
Total deferred credits and other liabilities | 2,300 | 2,546 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 762 | 762 |
Additional paid-in capital | 4,782 | 4,882 |
Retained earnings | -933 | -375 |
Total equity | 4,611 | 5,269 |
Total Liabilities and Equity | 10,072 | 10,763 |
Duke Energy Indiana [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 24 | 15 |
Receivables (net of allowance for doubtful accounts) | 54 | 22 |
Receivables from affiliated companies | 79 | 151 |
Notes receivable from affiliated companies | ' | 96 |
Inventory | 464 | 434 |
Regulatory assets | 134 | 118 |
Other | 235 | 125 |
Total current assets | 990 | 961 |
Investments and Other Assets | ' | ' |
Other | 214 | 269 |
Total investments and other assets | 214 | 269 |
Property, Plant and Equipment | ' | ' |
Cost | 12,918 | 12,489 |
Accumulated depreciation and amortization | -4,138 | -3,913 |
Net property, plant and equipment | 8,780 | 8,576 |
Regulatory Assets and Deferred Debits | ' | ' |
Regulatory assets | 670 | 717 |
Other | 24 | 25 |
Total regulatory assets and deferred debits | 694 | 742 |
Total Assets | 10,678 | 10,548 |
Current Liabilities | ' | ' |
Accounts payable | 152 | 206 |
Accounts payable to affiliated companies | 60 | 56 |
Notes payable to affiliated companies | 61 | ' |
Taxes accrued | 51 | 57 |
Interest accrued | 53 | 56 |
Current maturities of long-term debt | 5 | 5 |
Regulatory liabilities | 28 | 16 |
Other | 116 | 88 |
Total current liabilities | 526 | 484 |
Long-Term Debt | 3,640 | 3,641 |
Long-Term Debt Payable to Affiliated Companies | 150 | 150 |
Deferred Credits and Other Liabilities | ' | ' |
Deferred income taxes | 1,441 | 1,171 |
Investment tax credits | 139 | 140 |
Accrued pension and other post-retirement benefit costs | 104 | 163 |
Asset retirement obligations | 30 | 30 |
Regulatory liabilities | 811 | 782 |
Other | 48 | 48 |
Total deferred credits and other liabilities | 2,573 | 2,334 |
Commitments and Contingencies | ' | ' |
Equity | ' | ' |
Common stock | 1 | 1 |
Additional paid-in capital | 1,384 | 1,384 |
Retained earnings | 2,401 | 2,551 |
Accumulated other comprehensive loss | 3 | 3 |
Total equity | 3,789 | 3,939 |
Total Liabilities and Equity | $10,678 | $10,548 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Receivables, allowance for doubtful accounts | $16 | $30 |
Restricted receivables, allowance for doubtful accounts | 52 | 43 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common stock, shares outstanding | 707,000,000 | 706,000,000 |
Duke Energy Carolinas [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 3 | 3 |
Restricted receivables, allowance for doubtful accounts | 6 | 6 |
Progress Energy [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 7 | 14 |
Restricted receivables, allowance for doubtful accounts | 8 | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 100 | 100 |
Common stock, shares outstanding | 100 | 100 |
Duke Energy Progress [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 6 | 10 |
Restricted receivables, allowance for doubtful accounts | 5 | ' |
Common stock, par value | $0 | $0 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares outstanding | 160,000,000 | 160,000,000 |
Duke Energy Florida [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 2 | 4 |
Restricted receivables, allowance for doubtful accounts | 3 | ' |
Common stock, par value | $0 | $0 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 100 | 100 |
Duke Energy Ohio [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 1 | 2 |
Common stock, par value | $8.50 | $8.50 |
Common stock, shares authorized | 120,000,000 | 120,000,000 |
Common stock, shares outstanding | 89,663,086 | 89,663,086 |
Duke Energy Indiana [Member] | ' | ' |
Receivables, allowance for doubtful accounts | $1 | $1 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 53,913,701 | 53,913,701 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income (loss) | $1,789 | $1,984 |
Net Income (Loss) Attributable to Parent | 1,786 | 1,977 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 2,641 | 2,365 |
Equity component of AFUDC | -99 | -121 |
Community support and charitable contributions expense | ' | 34 |
Gains (losses) on sales of other assets | -27 | 8 |
Impairment charges | 848 | 388 |
Deferred income taxes | 562 | 1,014 |
Equity in earnings of unconsolidated affiliates | -97 | -91 |
Accrued pension and other post-retirement benefit costs | 81 | 259 |
Contributions to qualified pension plans | ' | -27 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 128 | -14 |
Receivables | -24 | -154 |
Inventory | -17 | 119 |
Other current assets | -315 | -48 |
Increase (decrease) in | ' | ' |
Accounts payable | -303 | -412 |
Taxes accrued | 37 | 245 |
Other current liabilities | -99 | -31 |
Other assets | -100 | -307 |
Other liabilities | 162 | -221 |
Net cash provided by operating activities | 5,167 | 4,990 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -3,755 | -3,854 |
Investment expenditures | -65 | -53 |
Acquisitions | -16 | ' |
Purchases of available-for-sale securities | -2,424 | -4,591 |
Proceeds from sales and maturities of available-for-sale securities | 2,445 | 4,687 |
Net proceeds from the sales of equity investments and other assets | 172 | 59 |
Change in restricted cash | -15 | 166 |
Other | -76 | 20 |
Net cash used in investing activities | -3,734 | -3,566 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | 2,217 | 2,993 |
Proceeds from the issuance of common stock related to employee benefit plans | 24 | 8 |
Payments for the redemption of long-term debt | -2,503 | -2,506 |
Payments for the redemption of preferred stock | ' | -96 |
Notes payable and commercial paper | 941 | 537 |
Distributions to noncontrolling interests | -45 | -9 |
Dividends paid | -1,670 | -1,636 |
Other | 33 | 27 |
Net cash used in financing activities | -1,003 | -682 |
Net increase in cash and cash equivalents | 430 | 742 |
Cash and cash equivalents at beginning of period | 1,501 | 1,424 |
Cash and cash equivalents at end of period | 1,931 | 2,166 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 466 | 383 |
Duke Energy Carolinas [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net Income (Loss) Attributable to Parent | 933 | 767 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 952 | 865 |
Equity component of AFUDC | -68 | -70 |
Community support and charitable contributions expense | ' | 14 |
Impairment charges | 3 | ' |
Deferred income taxes | 47 | 487 |
Accrued pension and other post-retirement benefit costs | 16 | 29 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | ' | -7 |
Receivables | 5 | -24 |
Receivables from affiliated companies | -42 | -37 |
Inventory | 91 | 23 |
Other current assets | -130 | 35 |
Increase (decrease) in | ' | ' |
Accounts payable | -167 | -90 |
Accounts payable to affiliated companies | 15 | 107 |
Taxes accrued | 173 | 18 |
Other current liabilities | 7 | 2 |
Other assets | 23 | -80 |
Other liabilities | 21 | -66 |
Net cash provided by operating activities | 1,879 | 1,973 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -1,289 | -1,205 |
Purchases of available-for-sale securities | -1,533 | -1,883 |
Proceeds from sales and maturities of available-for-sale securities | 1,516 | 1,847 |
Notes receivable from affiliated companies | -117 | -213 |
Other | -27 | -11 |
Net cash used in investing activities | -1,450 | -1,465 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Payments for the redemption of long-term debt | -42 | ' |
Dividends or distributions to parent | -376 | -500 |
Other | ' | -2 |
Net cash used in financing activities | -418 | -502 |
Net increase in cash and cash equivalents | 11 | 6 |
Cash and cash equivalents at beginning of period | 23 | 19 |
Cash and cash equivalents at end of period | 34 | 25 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 177 | 111 |
Progress Energy [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income (loss) | 735 | 479 |
Net Income (Loss) Attributable to Parent | 733 | 477 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 985 | 764 |
Equity component of AFUDC | -18 | -39 |
Community support and charitable contributions expense | ' | 20 |
Gains (losses) on sales of other assets | 1 | 3 |
Impairment charges | -16 | 368 |
Deferred income taxes | 231 | 384 |
Accrued pension and other post-retirement benefit costs | 20 | 158 |
Contributions to qualified pension plans | ' | -27 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 28 | 33 |
Receivables | -162 | -219 |
Receivables from affiliated companies | -32 | 12 |
Inventory | -45 | 79 |
Other current assets | -147 | -102 |
Increase (decrease) in | ' | ' |
Accounts payable | -73 | -227 |
Accounts payable to affiliated companies | 142 | 25 |
Taxes accrued | 166 | 161 |
Other current liabilities | -96 | 113 |
Other assets | -126 | -223 |
Other liabilities | -9 | -64 |
Net cash provided by operating activities | 1,584 | 1,698 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -1,383 | -1,739 |
Purchases of available-for-sale securities | -609 | -1,651 |
Proceeds from sales and maturities of available-for-sale securities | 594 | 1,630 |
Net proceeds from the sales of equity investments and other assets | 2 | ' |
Notes receivable from affiliated companies | -89 | -103 |
Other | -39 | 12 |
Net cash used in investing activities | -1,524 | -1,851 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | 875 | 545 |
Payments for the redemption of long-term debt | -479 | -1,194 |
Payments for the redemption of preferred stock | ' | -96 |
Notes payable to affiliated companies | -391 | 740 |
Distributions to noncontrolling interests | -37 | -2 |
Other | -39 | -5 |
Net cash used in financing activities | -71 | -12 |
Net increase in cash and cash equivalents | -11 | -165 |
Cash and cash equivalents at beginning of period | 58 | 231 |
Cash and cash equivalents at end of period | 47 | 66 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 159 | 199 |
Duke Energy Progress [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net Income (Loss) Attributable to Parent | 391 | 362 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 570 | 507 |
Equity component of AFUDC | -17 | -33 |
Community support and charitable contributions expense | ' | 20 |
Gains (losses) on sales of other assets | -1 | -1 |
Impairment charges | -18 | 22 |
Deferred income taxes | 152 | 272 |
Accrued pension and other post-retirement benefit costs | -5 | 74 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 9 | -11 |
Receivables | 33 | -75 |
Receivables from affiliated companies | -7 | 4 |
Inventory | -53 | 32 |
Other current assets | -97 | -41 |
Increase (decrease) in | ' | ' |
Accounts payable | -67 | -168 |
Accounts payable to affiliated companies | 102 | ' |
Taxes accrued | 95 | 63 |
Other current liabilities | -46 | -75 |
Other assets | -28 | -87 |
Other liabilities | -23 | -77 |
Net cash provided by operating activities | 990 | 788 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -871 | -998 |
Purchases of available-for-sale securities | -371 | -460 |
Proceeds from sales and maturities of available-for-sale securities | 351 | 438 |
Other | -25 | 3 |
Net cash used in investing activities | -916 | -1,017 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | 650 | 545 |
Payments for the redemption of long-term debt | -169 | -451 |
Payments for the redemption of preferred stock | ' | -62 |
Notes payable to affiliated companies | -340 | 217 |
Dividends or distributions to parent | -224 | ' |
Other | -6 | -6 |
Net cash used in financing activities | -89 | 243 |
Net increase in cash and cash equivalents | -15 | 14 |
Cash and cash equivalents at beginning of period | 21 | 18 |
Cash and cash equivalents at end of period | 6 | 32 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 107 | 122 |
Duke Energy Florida [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net Income (Loss) Attributable to Parent | 455 | 250 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 413 | 240 |
Equity component of AFUDC | -1 | -6 |
Gains (losses) on sales of other assets | ' | -1 |
Impairment charges | 2 | 346 |
Deferred income taxes | 194 | 229 |
Accrued pension and other post-retirement benefit costs | 22 | 66 |
Contributions to qualified pension plans | ' | -27 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 13 | 37 |
Receivables | -118 | -127 |
Receivables from affiliated companies | -37 | 19 |
Inventory | 7 | 46 |
Other current assets | -90 | -132 |
Increase (decrease) in | ' | ' |
Accounts payable | 32 | 30 |
Accounts payable to affiliated companies | 29 | -19 |
Taxes accrued | 68 | 152 |
Other current liabilities | -50 | 203 |
Other assets | -92 | -128 |
Other liabilities | -53 | -44 |
Net cash provided by operating activities | 794 | 1,134 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -513 | -734 |
Purchases of available-for-sale securities | -238 | -1,191 |
Proceeds from sales and maturities of available-for-sale securities | 243 | 1,192 |
Notes receivable from affiliated companies | -182 | 177 |
Other | -14 | ' |
Net cash used in investing activities | -704 | -556 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | 225 | ' |
Payments for the redemption of long-term debt | -10 | -435 |
Payments for the redemption of preferred stock | ' | -34 |
Notes payable to affiliated companies | -181 | ' |
Dividends or distributions to parent | -124 | -225 |
Other | -1 | ' |
Net cash used in financing activities | -91 | -694 |
Net increase in cash and cash equivalents | -1 | -116 |
Cash and cash equivalents at beginning of period | 16 | 131 |
Cash and cash equivalents at end of period | 15 | 15 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 52 | 76 |
Duke Energy Ohio [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net Income (Loss) Attributable to Parent | -558 | 96 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 205 | 268 |
Equity component of AFUDC | -3 | ' |
Gains (losses) on sales of other assets | ' | -5 |
Impairment charges | 889 | ' |
Deferred income taxes | -285 | 76 |
Accrued pension and other post-retirement benefit costs | 6 | 12 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 124 | ' |
Receivables | -66 | -6 |
Receivables from affiliated companies | 62 | 1 |
Inventory | -16 | 29 |
Other current assets | 56 | -8 |
Increase (decrease) in | ' | ' |
Accounts payable | -42 | -56 |
Accounts payable to affiliated companies | -6 | 4 |
Taxes accrued | 13 | -29 |
Other current liabilities | 46 | 10 |
Other assets | -8 | 3 |
Other liabilities | -20 | -63 |
Net cash provided by operating activities | 397 | 332 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -242 | -318 |
Net proceeds from the sales of equity investments and other assets | ' | 11 |
Notes receivable from affiliated companies | -178 | -45 |
Other | ' | 1 |
Net cash used in investing activities | -420 | -351 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | ' | 450 |
Payments for the redemption of long-term debt | -406 | -257 |
Notes payable to affiliated companies | 520 | -176 |
Dividends or distributions to parent | -100 | ' |
Other | 1 | -2 |
Net cash used in financing activities | 15 | 15 |
Net increase in cash and cash equivalents | -8 | -4 |
Cash and cash equivalents at beginning of period | 36 | 31 |
Cash and cash equivalents at end of period | 28 | 27 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | 21 | 20 |
Duke Energy Indiana [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net Income (Loss) Attributable to Parent | 301 | 276 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 311 | 230 |
Equity component of AFUDC | -10 | -11 |
Deferred income taxes | 136 | 190 |
Accrued pension and other post-retirement benefit costs | 12 | 19 |
(Increase) decrease in | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | ' | -31 |
Receivables | -20 | 15 |
Receivables from affiliated companies | 72 | -19 |
Inventory | -30 | -33 |
Other current assets | 40 | 27 |
Increase (decrease) in | ' | ' |
Accounts payable | -44 | -22 |
Accounts payable to affiliated companies | 4 | -7 |
Taxes accrued | -36 | 16 |
Other current liabilities | 3 | -9 |
Other assets | -15 | 2 |
Other liabilities | 44 | -78 |
Net cash provided by operating activities | 768 | 565 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Capital expenditures | -462 | -387 |
Purchases of available-for-sale securities | -17 | -7 |
Proceeds from sales and maturities of available-for-sale securities | 13 | 6 |
Notes receivable from affiliated companies | 96 | -69 |
Other | 4 | -4 |
Net cash used in investing activities | -366 | -461 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from the issuance of long-term debt | ' | 498 |
Payments for the redemption of long-term debt | -2 | -403 |
Notes payable to affiliated companies | 61 | -81 |
Dividends or distributions to parent | -451 | -125 |
Other | -1 | -4 |
Net cash used in financing activities | -393 | -115 |
Net increase in cash and cash equivalents | 9 | -11 |
Cash and cash equivalents at beginning of period | 15 | 36 |
Cash and cash equivalents at end of period | 24 | 25 |
Significant non-cash transactions: | ' | ' |
Accrued capital expenditures | $64 | $36 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Changes in Equity (USD $) | Total | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Foreign Currency Translation Adjustments [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Net Gains (Losses) on Available for Sale Securities [Member] | Pension and OPEB Related Adjustments [Member] | Common Stockholders' Equity [Member] | Noncontrolling Interest [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] |
In Millions, except Share data, unless otherwise specified | Members Equity [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Net Gains (Losses) on Available for Sale Securities [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Net Gains (Losses) on Available for Sale Securities [Member] | Pension and OPEB Related Adjustments [Member] | Common Stockholders' Equity [Member] | Noncontrolling Interest [Member] | Common Stock [Member] | Retained Earnings [Member] | Common Stock [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Pension and OPEB Related Adjustments [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Pension and OPEB Related Adjustments [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | ||||||||||||||||
Beginning member's equity at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,872 | $9,888 | ($15) | ($1) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 40,941 | 1 | 39,279 | 1,889 | -116 | -100 | ' | -90 | 40,863 | 78 | ' | ' | ' | ' | 10,185 | ' | 7,465 | 2,783 | -42 | ' | -25 | 10,181 | 4 | 5,127 | 2,159 | 2,968 | 4,799 | 1,762 | 3,037 | ' | ' | 5,166 | 762 | 4,882 | -477 | -1 | 3,708 | 1 | 1,384 | 2,318 | 5 |
Balance, in shares at Dec. 31, 2012 | ' | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 1,984 | ' | ' | 1,977 | ' | ' | ' | ' | 1,977 | ' | ' | ' | ' | ' | 479 | ' | ' | 477 | ' | ' | ' | 477 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 1,977 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 767 | 767 | ' | ' | 477 | ' | ' | ' | ' | ' | ' | ' | ' | 362 | ' | 362 | 250 | ' | 250 | ' | ' | 96 | ' | ' | 96 | ' | 276 | ' | ' | 276 | ' |
Other comprehensive income (loss), net of tax | -78 | ' | ' | ' | -133 | 56 | -2 | 5 | -74 | -4 | 1 | ' | 1 | ' | 8 | ' | ' | ' | 3 | ' | 5 | 8 | ' | ' | ' | ' | -1 | ' | ' | ' | -1 | 1 | ' | ' | ' | 1 | -2 | ' | ' | ' | -2 |
Common stock issuances, including dividend reinvestment and employee benefits | 38 | ' | 38 | ' | ' | ' | ' | ' | 38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issuances, including dividend reinvestment and employee benefits, shares | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock dividends | -1,636 | ' | ' | -1,636 | ' | ' | ' | ' | -1,636 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -225 | ' | -225 | ' | ' | ' | ' | ' | ' | ' | -125 | ' | ' | -125 | ' |
Distributions to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -500 | -500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium on the redemption of preferred stock of subsidiaries | -3 | ' | ' | -3 | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | -3 | ' | ' | -3 | ' | ' | ' | -3 | ' | -2 | ' | -2 | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in noncontrolling interest in subsidiaries | -9 | ' | ' | ' | ' | ' | ' | ' | ' | -9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interest in subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending member's equity at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,140 | 10,155 | -14 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | 41,237 | 1 | 39,317 | 2,227 | -249 | -44 | -2 | -85 | 41,165 | 72 | ' | ' | ' | ' | 10,667 | ' | 7,465 | 3,257 | -39 | ' | -20 | 10,663 | 4 | 5,487 | 2,159 | 3,328 | 4,822 | 1,762 | 3,061 | ' | -1 | 5,263 | 762 | 4,882 | -381 | ' | 3,857 | 1 | 1,384 | 2,469 | 3 |
Balance, in shares at Sep. 30, 2013 | ' | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning member's equity at Jun. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 1,008 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 342 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 1,004 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 342 | ' | ' | ' | 341 | ' | ' | ' | ' | ' | ' | ' | ' | 175 | ' | ' | 197 | ' | ' | ' | ' | 59 | ' | ' | ' | ' | 104 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending member's equity at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,140 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | 41,237 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,667 | ' | 7,465 | ' | ' | ' | ' | ' | ' | 5,487 | ' | ' | 4,822 | 1,762 | ' | ' | ' | 5,263 | 762 | 4,882 | ' | ' | 3,857 | ' | ' | ' | ' |
Beginning member's equity at Dec. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,350 | 10,365 | -14 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | 41,408 | 1 | 39,365 | 2,363 | -307 | -40 | ' | -52 | 41,330 | 78 | ' | ' | ' | ' | 10,864 | ' | 7,467 | 3,452 | -43 | ' | -16 | 10,860 | 4 | 5,625 | 2,159 | 3,466 | 4,797 | 1,762 | 3,036 | -1 | ' | 5,269 | 762 | 4,882 | -375 | ' | 3,939 | 1 | 1,384 | 2,551 | 3 |
Balance, in shares at Dec. 31, 2013 | 706,000,000 | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 1,789 | ' | ' | 1,786 | ' | ' | ' | ' | 1,786 | ' | ' | ' | ' | ' | 735 | ' | ' | 733 | ' | ' | ' | 733 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 3 | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 1,786 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 933 | 933 | ' | ' | 733 | ' | ' | ' | ' | ' | ' | ' | ' | 391 | ' | 391 | 455 | ' | ' | ' | ' | -558 | ' | ' | -558 | ' | 301 | ' | ' | 301 | ' |
Other comprehensive income (loss), net of tax | -52 | ' | ' | ' | -55 | -5 | 2 | 1 | -57 | 5 | 2 | ' | 2 | ' | 8 | ' | ' | ' | 5 | 1 | 2 | 8 | ' | ' | ' | ' | 1 | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issuances, including dividend reinvestment and employee benefits | 23 | ' | 23 | ' | ' | ' | ' | ' | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issuances, including dividend reinvestment and employee benefits, shares | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock dividends | -1,670 | ' | ' | -1,670 | ' | ' | ' | ' | -1,670 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224 | ' | -224 | -124 | ' | -124 | ' | ' | -100 | ' | -100 | ' | ' | -451 | ' | ' | -451 | ' |
Distributions to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -376 | -376 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interest in subsidiaries | -45 | ' | ' | ' | ' | ' | ' | ' | ' | -45 | ' | ' | ' | ' | -37 | ' | ' | ' | ' | ' | ' | ' | -37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transfer of service company net assets to Duke Energy | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -538 | ' | ' | -538 | ' | ' | ' | -538 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending member's equity at Sep. 30, 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,909 | 10,922 | -12 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2014 | 41,453 | 1 | 39,388 | 2,479 | -362 | -45 | 2 | -51 | 41,412 | 41 | ' | ' | ' | ' | 11,032 | ' | 7,467 | 3,647 | -38 | 1 | -14 | 11,063 | -31 | 5,792 | 2,159 | 3,633 | 5,129 | 1,762 | 3,367 | ' | ' | 4,611 | 762 | 4,782 | -933 | ' | 3,789 | 1 | 1,384 | 2,401 | 3 |
Balance, in shares at Sep. 30, 2014 | 707,000,000 | 707,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' |
Beginning member's equity at Jun. 30, 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 1,269 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 330 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | -5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 1,274 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 377 | ' | ' | ' | 329 | ' | ' | ' | ' | ' | ' | ' | ' | 157 | ' | ' | 205 | ' | ' | ' | ' | 439 | ' | ' | ' | ' | 101 | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -97 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending member's equity at Sep. 30, 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,909 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2014 | $41,453 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11,032 | ' | $7,467 | ' | ' | ' | ' | ' | ' | $5,792 | ' | ' | $5,129 | $1,762 | ' | ' | ' | $4,611 | $762 | ' | ' | ' | $3,789 | ' | ' | ' | ' |
Balance, in shares at Sep. 30, 2014 | 707,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' |
Organization_and_Basis_of_Pres
Organization and Basis of Presentation | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Organization and Basis of Presentation | ' | |||||||||||||||||||||||||||||||||||
Index to Combined Notes To Condensed Consolidated Financial Statements | ||||||||||||||||||||||||||||||||||||
The unaudited notes to the condensed consolidated financial statements that follow are a combined presentation. The following list indicates the registrants to which the footnotes apply. | ||||||||||||||||||||||||||||||||||||
Applicable Notes | ||||||||||||||||||||||||||||||||||||
Registrant | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | ||||||||||||||||||
Duke Energy Corporation | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | |||||||||||||||||||
Duke Energy Carolinas, LLC | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||||||||||||||||||||
Progress Energy, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||||||||||||||||||
Duke Energy Progress, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | |||||||||||||||||||||
Duke Energy Florida, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | |||||||||||||||||||||||
Duke Energy Ohio, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||||||||||||||||||||
Duke Energy Indiana, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | |||||||||||||||||||||||
ORGANIZATION AND BASIS OF PRESENTATION | ||||||||||||||||||||||||||||||||||||
NATURE OF OPERATIONS AND BASIS OF CONSOLIDATION | ||||||||||||||||||||||||||||||||||||
Duke Energy Corporation (collectively with its subsidiaries, Duke Energy) is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the Federal Energy Regulatory Commission (FERC). Duke Energy operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. Duke Energy’s subsidiaries include its subsidiary registrants, Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, Inc. (Duke Energy Progress); Duke Energy Florida, Inc. (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy Indiana, Inc. (Duke Energy Indiana). When discussing Duke Energy’s consolidated financial information, it necessarily includes the results of its six separate subsidiary registrants (collectively referred to as the Subsidiary Registrants), which, along with Duke Energy, are collectively referred to as the Duke Energy Registrants (Duke Energy Registrants). | ||||||||||||||||||||||||||||||||||||
These Condensed Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and subsidiaries where the respective Duke Energy Registrants have control. These Condensed Consolidated Financial Statements also reflect the Duke Energy Registrants’ proportionate share of certain jointly owned generation and transmission facilities. | ||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), Public Service Commission of South Carolina (PSCSC), U.S. Nuclear Regulatory Commission (NRC) and FERC. Substantially all of Duke Energy Carolinas’ operations qualify for regulatory accounting. | ||||||||||||||||||||||||||||||||||||
Progress Energy is a public utility holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. Substantially all of Progress Energy’s operations qualify for regulatory accounting. | ||||||||||||||||||||||||||||||||||||
Duke Energy Progress is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, PSCSC, NRC and FERC. Substantially all of Duke Energy Progress’ operations qualify for regulatory accounting. | ||||||||||||||||||||||||||||||||||||
Duke Energy Florida is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory provisions of the Florida Public Service Commission (FPSC), NRC and FERC. Substantially all of Duke Energy Florida’s operations qualify for regulatory accounting. | ||||||||||||||||||||||||||||||||||||
Duke Energy Ohio is a regulated public utility primarily engaged in the generation, transmission and distribution of electricity and the transportation and sale of natural gas in portions of Ohio and Kentucky. Operations in Kentucky are conducted through its wholly owned subsidiary, Duke Energy Kentucky, Inc. (Duke Energy Kentucky). Duke Energy Ohio conducts competitive auctions for retail electricity supply in Ohio whereby the energy price is recovered from retail customers. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. Duke Energy Ohio is subject to the regulatory provisions of the Public Utilities Commission of Ohio (PUCO), Kentucky Public Service Commission (KPSC) and FERC. Duke Energy Ohio applies regulatory accounting to a portion of its operations. Duke Energy has agreed to sell Duke Energy Ohio's nonregulated Midwest generation business, which sells power into wholesale energy markets, to Dynegy Inc. (Dynegy). See Note 2 for additional information. | ||||||||||||||||||||||||||||||||||||
Duke Energy Indiana is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and FERC. Substantially all of Duke Energy Indiana’s operations qualify for regulatory accounting. | ||||||||||||||||||||||||||||||||||||
BASIS OF PRESENTATION | ||||||||||||||||||||||||||||||||||||
These Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all information and notes required by GAAP in the U.S. for annual financial statements. Because the interim Condensed Consolidated Financial Statements and Notes do not include all information and notes required by GAAP in the U.S. for annual financial statements, the Condensed Consolidated Financial Statements and other information included in this quarterly report should be read in conjunction with the Consolidated Financial Statements and Notes in the Duke Energy Registrants’ combined Annual Report on Form 10-K for the year ended December 31, 2013. | ||||||||||||||||||||||||||||||||||||
On August 21, 2014, Duke Energy Commercial Enterprises, Inc., an indirect wholly owned subsidiary of Duke Energy Corporation, and Duke Energy SAM, LLC, a wholly owned subsidiary of Duke Energy Ohio, entered into a purchase and sale agreement (PSA) with a subsidiary of Dynegy whereby Dynegy will acquire Duke Energy Ohio’s nonregulated Midwest generation business (Disposal Group). The results of operations of the nonregulated Midwest generation business have been classified as Discontinued Operations on the Condensed Consolidated Statements of Operations for the current and prior periods presented. Duke Energy has elected to present cash flows of discontinued operations combined with cash flows of continuing operations. See Note 2 for additional information. | ||||||||||||||||||||||||||||||||||||
These Condensed Consolidated Financial Statements reflect all normal recurring adjustments in the opinion of the respective companies’ management, necessary to fairly present the financial position and results of operations of each of the Duke Energy Registrants. Amounts reported in Duke Energy’s interim Condensed Consolidated Statements of Operations and each of the Subsidiary Registrants’ interim Condensed Consolidated Statements of Operations and Comprehensive Income are not necessarily indicative of amounts expected for the respective annual periods due to effects of seasonal temperature variations on energy consumption, regulatory rulings, timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, and other factors. | ||||||||||||||||||||||||||||||||||||
In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | ||||||||||||||||||||||||||||||||||||
Certain prior year amounts have been reclassified to conform to the current year presentation. | ||||||||||||||||||||||||||||||||||||
UNBILLED REVENUE | ||||||||||||||||||||||||||||||||||||
Revenues on sales of electricity and gas are recognized when service is provided. Unbilled revenues are recognized by applying customer billing rates to the estimated volumes of energy delivered but not yet billed. Unbilled revenues can vary significantly from period to period as a result of seasonality, weather, customer usage patterns and meter reading schedules. | ||||||||||||||||||||||||||||||||||||
Unbilled revenues are included within Receivables and Restricted receivables of variable interest entities on the Condensed Consolidated Balance Sheets as shown in the following table. This table excludes amounts included in assets held for sale (AHFS). | ||||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Duke Energy | $ | 798 | $ | 937 | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 285 | 323 | ||||||||||||||||||||||||||||||||||
Progress Energy | 232 | 189 | ||||||||||||||||||||||||||||||||||
Duke Energy Progress | 131 | 120 | ||||||||||||||||||||||||||||||||||
Duke Energy Florida | 101 | 69 | ||||||||||||||||||||||||||||||||||
Duke Energy Ohio | — | 55 | ||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 26 | 5 | ||||||||||||||||||||||||||||||||||
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail accounts receivable, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 13 for further information. These receivables for unbilled revenues are shown in the table below. | ||||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Duke Energy Ohio | $ | 54 | $ | 89 | ||||||||||||||||||||||||||||||||
Duke Energy Indiana | 94 | 144 | ||||||||||||||||||||||||||||||||||
AMOUNTS ATTRIBUTABLE TO CONTROLLING INTERESTS | ||||||||||||||||||||||||||||||||||||
The following table presents Net Income Attributable to Duke Energy Corporation for continuing operations and discontinued operations for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy | Progress Energy | ||||||||||||||||||||||||||||||||
Income from Continuing Operations | $ | 891 | $ | 330 | $ | 946 | $ | 328 | ||||||||||||||||||||||||||||
Income of Continuing Operations Attributable to Noncontrolling Interests | 3 | 1 | 4 | 1 | ||||||||||||||||||||||||||||||||
Income from Continuing Operations Attributable to Duke Energy Corporation | $ | 888 | $ | 329 | $ | 942 | $ | 327 | ||||||||||||||||||||||||||||
Income From Discontinued Operations, net of tax | $ | 378 | $ | — | $ | 62 | $ | 14 | ||||||||||||||||||||||||||||
Loss of Discontinued Operations attributable to Noncontrolling Interests, net of tax | (8 | ) | — | — | — | |||||||||||||||||||||||||||||||
Discontinued Operations Attributable to Duke Energy Corporation, net of tax | $ | 386 | $ | — | $ | 62 | $ | 14 | ||||||||||||||||||||||||||||
Net income | $ | 1,269 | $ | 330 | $ | 1,008 | $ | 342 | ||||||||||||||||||||||||||||
Net (Loss) Income Attributable to Noncontrolling Interest | (5 | ) | 1 | 4 | 1 | |||||||||||||||||||||||||||||||
Net Income Attributable to Duke Energy Corporation | $ | 1,274 | $ | 329 | $ | 1,004 | $ | 341 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy | Progress Energy | ||||||||||||||||||||||||||||||||
Income from Continuing Operations | $ | 2,367 | $ | 741 | $ | 1,902 | $ | 469 | ||||||||||||||||||||||||||||
(Loss) Income of Continuing Operations Attributable to Noncontrolling Interests | 11 | 2 | 12 | 2 | ||||||||||||||||||||||||||||||||
Income from Continuing Operations Attributable to Duke Energy Corporation | $ | 2,356 | $ | 739 | $ | 1,890 | $ | 467 | ||||||||||||||||||||||||||||
(Loss) Income From Discontinued Operations, net of tax | $ | (578 | ) | $ | (6 | ) | $ | 82 | $ | 10 | ||||||||||||||||||||||||||
Income (Loss) of Discontinued Operations attributable to Noncontrolling Interests, net of tax | (8 | ) | — | (5 | ) | — | ||||||||||||||||||||||||||||||
Discontinued Operations Attributable to Duke Energy Corporation, net of tax | $ | (570 | ) | $ | (6 | ) | $ | 87 | $ | 10 | ||||||||||||||||||||||||||
Net income | $ | 1,789 | $ | 735 | $ | 1,984 | $ | 479 | ||||||||||||||||||||||||||||
Net Income Attributable to Noncontrolling Interest | 3 | 2 | 7 | 2 | ||||||||||||||||||||||||||||||||
Net Income Attributable to Duke Energy Corporation | $ | 1,786 | $ | 733 | $ | 1,977 | $ | 477 | ||||||||||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | ||||||||||||||||||||||||||||||||||||
For the three and nine months ended September 30, 2014 and 2013, reclassifications out of accumulated other comprehensive income (AOCI) for the Duke Energy Registrants were not material. Changes in AOCI for the Duke Energy Registrants are presented in their respective Condensed Consolidated Statements of Equity. | ||||||||||||||||||||||||||||||||||||
EXCISE TAXES | ||||||||||||||||||||||||||||||||||||
Certain excise taxes levied by state or local governments are required to be paid even if not collected from the customer. These taxes are recognized on a gross basis. Otherwise, the taxes are accounted for net. Excise taxes accounted for on a gross basis as operating revenues in the Condensed Consolidated Statements of Operations were as follows. | ||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||
Duke Energy | $ | 101 | $ | 168 | $ | 416 | $ | 457 | ||||||||||||||||||||||||||||
Duke Energy Carolinas | 4 | 46 | 93 | 124 | ||||||||||||||||||||||||||||||||
Progress Energy | 63 | 89 | 214 | 230 | ||||||||||||||||||||||||||||||||
Duke Energy Progress | — | 33 | 56 | 88 | ||||||||||||||||||||||||||||||||
Duke Energy Florida | 63 | 56 | 158 | 142 | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | 24 | 24 | 80 | 77 | ||||||||||||||||||||||||||||||||
Duke Energy Indiana | 10 | 9 | 29 | 26 | ||||||||||||||||||||||||||||||||
During the third quarter of 2014, the North Carolina gross receipts tax was terminated due to the North Carolina Tax Simplification and Rate Reduction Act. The North Carolina gross receipts tax is no longer imposed effective July 1, 2014. | ||||||||||||||||||||||||||||||||||||
NEW ACCOUNTING STANDARDS | ||||||||||||||||||||||||||||||||||||
The new accounting standards adopted in 2014 and 2013 had no significant impact on the presentation or results of operations, cash flows or financial position of the Duke Energy Registrants. Disclosures have been enhanced to provide a discussion and tables on derivative contracts subject to enforceable master netting agreements. | ||||||||||||||||||||||||||||||||||||
The following new Accounting Standards Updates (ASUs) have been issued, but have not yet been adopted by the Duke Energy Registrants, as of September 30, 2014. | ||||||||||||||||||||||||||||||||||||
ASC 205 — Reporting Discontinued Operations. In April 2014, the Financial Accounting Standards Board (FASB) issued revised accounting guidance for reporting discontinued operations. A discontinued operation would be either (i) a component of an entity or a group of components of an entity that represents a separate major line of business or major geographical area of operations that either has been disposed of or is part of a single coordinated plan to be classified as held for sale or (ii) a business that, on acquisition, meets the criteria to be classified as held for sale. | ||||||||||||||||||||||||||||||||||||
For the Duke Energy Registrants, this guidance is effective on a prospective basis for interim and annual periods beginning January 1, 2015. This guidance will also result in increased disclosures. In general, this guidance is likely to result in fewer disposals of assets qualifying as discontinued operations. | ||||||||||||||||||||||||||||||||||||
ASC 606 — Revenue from Contracts with Customers. In May 2014, the FASB issued revised accounting guidance for revenue recognition from contracts with customers. The core principle of this guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. | ||||||||||||||||||||||||||||||||||||
For the Duke Energy Registrants, this guidance is effective for interim and annual periods beginning January 1, 2017. Duke Energy is currently evaluating the potential impact of the adoption of this revised accounting guidance on its revenue recognition and is unable to estimate at this time the impact of adoption on its consolidated results of operations, cash flows, financial position or disclosures. |
Acquisitions_and_Dispositions
Acquisitions and Dispositions | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Acquisitions and Dispositions | ' | |||||||||||||||
ACQUISITIONS AND DISPOSITIONS | ||||||||||||||||
Purchase of NCEMPA's Generation | ||||||||||||||||
On September 5, 2014, Duke Energy Progress executed an agreement to purchase North Carolina Eastern Municipal Power Agency’s (NCEMPA) ownership interests in certain generating assets jointly owned with and operated by Duke Energy Progress. The agreement provides for the acquisition of a total of approximately 700 megawatts (MW) at Brunswick Nuclear Station, Shearon Harris Nuclear Station (Harris), Mayo Steam Station and Roxboro Steam Station. The purchase price for the ownership interest and fuel and spare parts inventory is approximately $1.2 billion. Under the agreement, Duke Energy Progress and NCEMPA will enter into a 30-year wholesale power supply agreement to continue meeting the needs of NCEMPA’s customers. There are several conditions precedent including state and federal regulatory approvals and legislative action required prior to completing the transaction. On October 10, 2014, Duke Energy Progress filed with the FERC for approval to purchase NCEMPA's interests in the generation assets. The agreement requires the transaction to be completed by the end of 2016. | ||||||||||||||||
Midwest Generation Exit | ||||||||||||||||
On August 21, 2014, Duke Energy Commercial Enterprises, Inc., an indirect wholly owned subsidiary of Duke Energy Corporation, and Duke Energy SAM, LLC, a wholly owned subsidiary of Duke Energy Ohio, entered into a PSA with a subsidiary of Dynegy whereby Dynegy will acquire Duke Energy Ohio’s Disposal Group for approximately $2.8 billion in cash subject to adjustments at closing for changes in working capital and capital expenditures. The completion of the transaction is conditioned on expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, approval by FERC, and the release of certain credit support obligations. Closing is expected to be completed in the fourth quarter of 2014 or the first quarter of 2015. | ||||||||||||||||
The Disposal Group was included in the Commercial Power segment. The following table presents information related to the Duke Energy Ohio generation plants included in the Disposal Group. | ||||||||||||||||
Facility | Plant Type | Primary Fuel | Location | Total Average MW Capacity(c) | Owned Average MW Capacity(c) | Ownership Interest | ||||||||||
Stuart(a)(b) | Fossil Steam | Coal | OH | 2,318 | 904 | 39 | % | |||||||||
Zimmer(a) | Fossil Steam | Coal | OH | 1,338 | 622 | 46.5 | % | |||||||||
Hanging Rock | Combined Cycle | Gas | OH | 1,274 | 1,274 | 100 | % | |||||||||
Miami Fort (Units 7 and 8)(a) | Fossil Steam | Coal | OH | 1,020 | 653 | 64 | % | |||||||||
Conesville(a)(b) | Fossil Steam | Coal | OH | 780 | 312 | 40 | % | |||||||||
Washington | Combined Cycle | Gas | OH | 637 | 637 | 100 | % | |||||||||
Fayette | Combined Cycle | Gas | PA | 640 | 640 | 100 | % | |||||||||
Killen(a)(b) | Fossil Steam | Coal | OH | 618 | 204 | 33 | % | |||||||||
Lee | Combustion Turbine | Gas | IL | 640 | 640 | 100 | % | |||||||||
Dick's Creek | Combustion Turbine | Gas | OH | 136 | 136 | 100 | % | |||||||||
Miami Fort | Combustion Turbine | Oil | OH | 68 | 68 | 100 | % | |||||||||
Total Midwest Generation | 9,469 | 6,090 | ||||||||||||||
(a) | Jointly owned with Ohio Power Company and/or The Dayton Power & Light Company. | |||||||||||||||
(b) | Station is not operated by Duke Energy Ohio. | |||||||||||||||
(c) | Average MW capacity is calculated as the average of winter capacity and summer capacity. | |||||||||||||||
The Disposal Group also includes a retail sales business owned by Duke Energy. In the second quarter of 2014, Duke Energy Ohio removed Ohio Valley Electric Corporation (OVEC) from the Disposal Group as it no longer intended to sell it with the Disposal Group. Duke Energy Ohio has requested cost-based recovery of its contractual entitlement in OVEC in its 2014 Electric Security Plan (ESP) application filed on May 29, 2014. See Note 4 for information related to the 2014 ESP. | ||||||||||||||||
Duke Energy Ohio had triggered held for sale accounting treatment on March 31, 2014. The assets and associated liabilities of the Disposal Group are classified as held for sale in Duke Energy's and Duke Energy Ohio's Condensed Consolidated Balance Sheet at September 30, 2014. | ||||||||||||||||
Beginning in the third quarter of 2014, the results of operations of the Disposal Group are required to be classified as discontinued operations for current and prior periods in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. Certain costs that are not material have remained in continuing operations that may be eliminated as a result of the sale. Results of discontinued operations were as follows. | ||||||||||||||||
Duke Energy | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating Revenues | $ | 620 | $ | 491 | $ | 1,233 | $ | 1,369 | ||||||||
Estimated gain (loss) on disposition | 460 | — | (847 | ) | — | |||||||||||
Income (loss) before income taxes | $ | 623 | $ | 82 | $ | (864 | ) | $ | 126 | |||||||
Income tax expense (benefit) | 218 | 34 | (321 | ) | 43 | |||||||||||
Income (loss) from discontinued operations of the Disposal Group | 405 | 48 | (543 | ) | 83 | |||||||||||
Other, net of tax(a) | (27 | ) | 14 | (35 | ) | (1 | ) | |||||||||
Income (Loss) from Discontinued Operations, net of tax | $ | 378 | $ | 62 | $ | (578 | ) | $ | 82 | |||||||
(a) | Other discontinued operations relates to prior sales of businesses and includes indemnifications provided for certain legal, tax and environmental matters, and foreign currency translation adjustments. | |||||||||||||||
Duke Energy Ohio | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating Revenues | $ | 536 | $ | 389 | $ | 853 | $ | 1,054 | ||||||||
Estimated gain (loss) on disposition | 466 | — | (878 | ) | — | |||||||||||
Income (loss) before income taxes | $ | 647 | $ | 65 | $ | (917 | ) | $ | 71 | |||||||
Income tax expense (benefit) | 234 | 30 | (320 | ) | 32 | |||||||||||
Income (Loss) from Discontinued Operations, net of tax | $ | 413 | $ | 35 | $ | (597 | ) | $ | 39 | |||||||
The Duke Energy and Duke Energy Ohio held for sale assets include net pretax impairments of approximately $847 million and $878 million, respectively, for the nine months ended September 30, 2014. During the first quarter of 2014 an impairment was recorded to write-down the carrying amount of the assets to the estimated fair value of the business, less estimated costs to sell. For the three months ended September 30, 2014, a reversal of the pretax impairments was recorded of approximately $460 million and $466 million for Duke Energy and Duke Energy Ohio, respectively, based on the expected selling price to Dynegy less cost to sell. These losses and gains were included in Income (Loss) from Discontinued Operations, net of tax in the Condensed Consolidated Statements of Operations and Comprehensive Income. The impairment will be updated, if necessary, based on the final execution of the purchase sale agreement and any changes in estimated fair value as additional information related to the potential transaction becomes available. | ||||||||||||||||
Commercial Power has a revolving credit agreement (RCA) that is used to support the operations of the nonregulated Midwest generation business. Interest expense associated with the RCA has been allocated to discontinued operations. No other interest expense related to corporate level debt has been allocated to discontinued operations. | ||||||||||||||||
The following table presents the carrying values of the major classes of Assets held for sale and Liabilities associated with assets held for sale included in the Disposal Group in the Condensed Consolidated Balance Sheets. Amounts included in the following table exclude certain other disposal groups which are not material and accordingly may not agree to amounts presented in the Duke Energy Condensed Consolidated Balance Sheets. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Duke Energy | Duke Energy Ohio | ||||||||||||||
Current assets | $ | 335 | $ | 284 | ||||||||||||
Investments and other assets | 43 | 38 | ||||||||||||||
Property, plant and equipment | 2,675 | 2,644 | ||||||||||||||
Total assets held for sale | $ | 3,053 | $ | 2,966 | ||||||||||||
Current liabilities | $ | 284 | $ | 269 | ||||||||||||
Deferred credits and other liabilities | 57 | 57 | ||||||||||||||
Total liabilities associated with assets held for sale | $ | 341 | $ | 326 | ||||||||||||
Duke Energy Ohio will continue to have transactions with the Disposal Group after the divestiture is complete. Duke Energy Ohio has a power purchase agreement with the Disposal Group, which extends through May 2015, for a portion of its standard service offer (SSO) supply requirement. In addition, for a period of up to 12 months, Duke Energy may provide transition services to Dynegy. Duke Energy will be reimbursed for transition services provided. The continuing cash flows are not expected to be material and are not considered direct cash flows. These arrangements do not allow Duke Energy or Duke Energy Ohio to significantly influence the operations of the Disposal Group once the sale is complete. | ||||||||||||||||
See Notes 4 and 5 for a discussion of contingencies related to the Disposal Group that will be retained by Duke Energy Ohio subsequent to the sale. |
Business_Segments
Business Segments | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Business Segments | ' | |||||||||||||||||||||||||||
BUSINESS SEGMENTS | ||||||||||||||||||||||||||||
Duke Energy evaluates segment performance based on segment income. Segment income is defined as income from continuing operations net of income attributable to noncontrolling interests. Segment income, as discussed below, includes intercompany revenues and expenses that are eliminated in the Condensed Consolidated Financial Statements. Certain governance costs are allocated to each segment. In addition, direct interest expense and income taxes are included in segment income. | ||||||||||||||||||||||||||||
Operating segments are determined based on information used by the chief operating decision maker in deciding how to allocate resources and evaluate the performance. | ||||||||||||||||||||||||||||
Products and services are sold between affiliate companies and reportable segments of Duke Energy at cost. Segment assets as presented in the tables that follow exclude all intercompany assets. | ||||||||||||||||||||||||||||
DUKE ENERGY | ||||||||||||||||||||||||||||
Duke Energy has the following reportable operating segments: Regulated Utilities, International Energy and Commercial Power. | ||||||||||||||||||||||||||||
Regulated Utilities conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and the regulated transmission and distribution operations of Duke Energy Ohio. These electric and gas operations are subject to the rules and regulations of the FERC, NCUC, PSCSC, FPSC, PUCO, IURC and KPSC. Substantially all of Regulated Utilities’ operations are regulated and, accordingly, these operations qualify for regulatory accounting treatment. | ||||||||||||||||||||||||||||
International Energy principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas and natural gas liquids outside the U.S. Its activities principally target power generation in Latin America. Additionally, International Energy owns a 25 percent interest in National Methanol Company (NMC), a large regional producer of methyl tertiary-butyl ether (MTBE) located in Saudi Arabia. The investment in NMC is accounted for under the equity method of accounting. | ||||||||||||||||||||||||||||
Commercial Power builds, develops and operates renewable generation and energy transmission projects throughout the continental U.S. As discussed in Note 2, Duke Energy entered into an agreement to sell Commercial Power's nonregulated Midwest generation business to Dynegy in a transaction that is expected to close in the fourth quarter of 2014 or the first quarter of 2015. As a result of this divestiture, the results of operations of the nonregulated Midwest generation business have been reclassified to Discontinued Operations on the Condensed Consolidated Statements of Operations. Certain costs such as interest and general and administrative expenses previously allocated to the Disposal Group were not reclassified to discontinued operations. | ||||||||||||||||||||||||||||
The remainder of Duke Energy’s operations is presented as Other. While it is not an operating segment, Other primarily includes unallocated corporate interest expense, certain unallocated corporate costs, Bison Insurance Company Limited (Bison), Duke Energy’s wholly owned, captive insurance subsidiary, and contributions to the Duke Energy Foundation. On December 31, 2013, Duke Energy sold its interest in DukeNet Communications Holdings, LLC (DukeNet) to Time Warner Cable, Inc. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues | $ | 5,975 | $ | 366 | $ | 50 | $ | 6,391 | $ | 4 | $ | — | $ | 6,395 | ||||||||||||||
Intersegment revenues | 11 | — | — | 11 | 21 | (32 | ) | — | ||||||||||||||||||||
Total revenues | $ | 5,986 | $ | 366 | $ | 50 | $ | 6,402 | $ | 25 | $ | (32 | ) | $ | 6,395 | |||||||||||||
Segment income (loss)(a) | $ | 920 | $ | 80 | $ | (17 | ) | $ | 983 | $ | (92 | ) | $ | (3 | ) | $ | 888 | |||||||||||
Add back noncontrolling interests component | 3 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 378 | |||||||||||||||||||||||||||
Net income | $ | 1,269 | ||||||||||||||||||||||||||
Segment assets | $ | 105,172 | $ | 5,159 | $ | 6,196 | $ | 116,527 | $ | 2,944 | $ | 185 | $ | 119,656 | ||||||||||||||
(a) Other includes costs to achieve the Progress Energy merger. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues(a) | $ | 5,768 | $ | 370 | $ | 56 | $ | 6,194 | $ | 23 | $ | — | $ | 6,217 | ||||||||||||||
Intersegment revenues | 18 | — | 2 | 20 | 24 | (44 | ) | — | ||||||||||||||||||||
Total revenues | $ | 5,786 | $ | 370 | $ | 58 | $ | 6,214 | $ | 47 | $ | (44 | ) | $ | 6,217 | |||||||||||||
Segment income (loss)(a)(b) | $ | 923 | $ | 116 | $ | (28 | ) | $ | 1,011 | $ | (64 | ) | $ | (5 | ) | $ | 942 | |||||||||||
Add back noncontrolling interests component | 4 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 62 | |||||||||||||||||||||||||||
Net income | $ | 1,008 | ||||||||||||||||||||||||||
(a) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities. | |||||||||||||||||||||||||||
(b) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues | $ | 17,041 | $ | 1,111 | $ | 195 | $ | 18,347 | $ | 19 | $ | — | $ | 18,366 | ||||||||||||||
Intersegment revenues | 33 | — | — | 33 | 60 | (93 | ) | — | ||||||||||||||||||||
Total revenues | $ | 17,074 | $ | 1,111 | $ | 195 | $ | 18,380 | $ | 79 | $ | (93 | ) | $ | 18,366 | |||||||||||||
Segment income (loss)(a)(b) | $ | 2,346 | $ | 356 | $ | (70 | ) | $ | 2,632 | $ | (269 | ) | $ | (7 | ) | $ | 2,356 | |||||||||||
Add back noncontrolling interests component | 11 | |||||||||||||||||||||||||||
Loss from discontinued operations, net of tax | (578 | ) | ||||||||||||||||||||||||||
Net income | $ | 1,789 | ||||||||||||||||||||||||||
(a) | Commercial Power recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. | |||||||||||||||||||||||||||
(b) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues(a)(b)(c)(d) | $ | 15,731 | $ | 1,168 | $ | 184 | $ | 17,083 | $ | 49 | $ | — | $ | 17,132 | ||||||||||||||
Intersegment revenues | 35 | — | 5 | 40 | 64 | (104 | ) | — | ||||||||||||||||||||
Total revenues | $ | 15,766 | $ | 1,168 | $ | 189 | $ | 17,123 | $ | 113 | $ | (104 | ) | $ | 17,132 | |||||||||||||
Segment income (loss)(a)(b)(c)(d)(e)(f) | $ | 1,932 | $ | 300 | $ | (54 | ) | $ | 2,178 | $ | (278 | ) | $ | (10 | ) | $ | 1,890 | |||||||||||
Add back noncontrolling interest | 12 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 82 | |||||||||||||||||||||||||||
Net income | $ | 1,984 | ||||||||||||||||||||||||||
(a) | In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities. | |||||||||||||||||||||||||||
(b) | In June 2013, NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates in the first year beginning in June 2013. This rate increase impacts Regulated Utilities. | |||||||||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities. | |||||||||||||||||||||||||||
(d) | Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information. | |||||||||||||||||||||||||||
(e) | Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at Harris site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information. | |||||||||||||||||||||||||||
(f) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
DUKE ENERGY OHIO | ||||||||||||||||||||||||||||
Duke Energy Ohio has two reportable operating segments, Regulated Utilities and Commercial Power. | ||||||||||||||||||||||||||||
Regulated Utilities transmits and distributes electricity in portions of Ohio and generates, distributes and sells electricity in portions of Kentucky. Regulated Utilities also transports and sells natural gas in portions of Ohio and northern Kentucky. It conducts operations primarily through Duke Energy Ohio and its wholly owned subsidiary, Duke Energy Kentucky. | ||||||||||||||||||||||||||||
As discussed in Note 2, Duke Energy entered into an agreement to sell Commercial Power's nonregulated Midwest generation business to Dynegy in a transaction that is expected to be completed in the fourth quarter of 2014 or the first quarter of 2015. As a result of this divestiture, the results of operations of the nonregulated Midwest generation business have been reclassified to Discontinued Operations on the Condensed Consolidated Statements of Operations and Comprehensive Income. Amounts remaining in Commercial Power relate to assets not included in the Disposal Group. Certain costs such as interest and general and administrative expenses previously allocated to the Disposal Group were not reclassified to discontinued operations. | ||||||||||||||||||||||||||||
The remainder of Duke Energy Ohio’s operations is presented as Other. While it is not considered an operating segment, Other primarily includes certain governance costs allocated by its parent, Duke Energy. See Note 9 for additional information. All of Duke Energy Ohio’s revenues are generated domestically and its long-lived assets are all in the U.S. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 440 | $ | 6 | $ | 446 | $ | — | $ | — | $ | 446 | ||||||||||||||||
Intersegment revenues | 1 | — | 1 | — | (1 | ) | — | |||||||||||||||||||||
Total revenues | $ | 441 | $ | 6 | $ | 447 | $ | — | $ | (1 | ) | $ | 446 | |||||||||||||||
Segment income (loss) | $ | 43 | $ | (13 | ) | $ | 30 | $ | (4 | ) | $ | — | $ | 26 | ||||||||||||||
Income from discontinued operations, net of tax | $ | 413 | ||||||||||||||||||||||||||
Net income | 439 | |||||||||||||||||||||||||||
Segment assets | $ | 7,297 | $ | 3,266 | $ | 10,563 | $ | 131 | $ | (622 | ) | $ | 10,072 | |||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 421 | $ | 17 | $ | 438 | $ | — | $ | — | $ | 438 | ||||||||||||||||
Total revenues | $ | 421 | $ | 17 | $ | 438 | $ | — | $ | — | $ | 438 | ||||||||||||||||
Segment income (loss) | $ | 42 | $ | (13 | ) | $ | 29 | $ | (5 | ) | $ | — | $ | 24 | ||||||||||||||
Income from discontinued operations, net of tax | 35 | |||||||||||||||||||||||||||
Net income | $ | 59 | ||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 1,416 | $ | 17 | $ | 1,433 | $ | — | $ | — | $ | 1,433 | ||||||||||||||||
Intersegment revenues | 1 | — | 1 | — | (1 | ) | — | |||||||||||||||||||||
Total revenues | $ | 1,417 | $ | 17 | $ | 1,434 | $ | — | $ | (1 | ) | $ | 1,433 | |||||||||||||||
Segment income (loss)(a) | $ | 151 | $ | (101 | ) | $ | 50 | $ | (11 | ) | $ | — | $ | 39 | ||||||||||||||
Loss from discontinued operations, net of tax | (597 | ) | ||||||||||||||||||||||||||
Net loss | $ | (558 | ) | |||||||||||||||||||||||||
a) | Duke Energy Ohio recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 1,317 | $ | 32 | $ | 1,349 | $ | — | $ | — | $ | 1,349 | ||||||||||||||||
Total revenues | $ | 1,317 | $ | 32 | $ | 1,349 | $ | — | $ | — | $ | 1,349 | ||||||||||||||||
Segment income (loss) | $ | 122 | $ | (51 | ) | $ | 71 | $ | (14 | ) | $ | — | $ | 57 | ||||||||||||||
Income from discontinued operations, net of tax | 39 | |||||||||||||||||||||||||||
Net income | $ | 96 | ||||||||||||||||||||||||||
DUKE ENERGY CAROLINAS, PROGRESS ENERGY, DUKE ENERGY PROGRESS, DUKE ENERGY FLORIDA AND DUKE ENERGY INDIANA | ||||||||||||||||||||||||||||
The remaining Subsidiary Registrants each have one reportable operating segment, Regulated Utility, which generates, transmits, distributes and sells electricity. The remainder of each company’s operations is classified as Other. While not considered a reportable segment for any of these companies, Other consists of certain unallocated corporate costs. Other for Progress Energy also includes interest expense on corporate debt instruments of $58 million and $64 million for the three months ended September 30, 2014 and 2013, respectively and $181 million and $235 million for the nine months ended September 30, 2014 and 2013, respectively. The following table summarizes the net loss for Other at each of these registrants. | ||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Duke Energy Carolinas | $ | (19 | ) | $ | (26 | ) | $ | (67 | ) | $ | (69 | ) | ||||||||||||||||
Progress Energy | (48 | ) | (72 | ) | (145 | ) | (205 | ) | ||||||||||||||||||||
Duke Energy Progress | (10 | ) | (20 | ) | (23 | ) | (40 | ) | ||||||||||||||||||||
Duke Energy Florida | (5 | ) | (6 | ) | (16 | ) | (18 | ) | ||||||||||||||||||||
Duke Energy Indiana | (3 | ) | (5 | ) | (10 | ) | (13 | ) | ||||||||||||||||||||
The respective Regulated Utility operating segments include substantially all of Duke Energy Carolinas’, Progress Energy’s, Duke Energy Progress’, Duke Energy Florida’s and Duke Energy Indiana’s assets at September 30, 2014. |
Regulatory_Matters
Regulatory Matters | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Regulated Operations [Abstract] | ' | |||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||
REGULATORY MATTERS | ||||||||||||||||||||||||
RATE RELATED INFORMATION | ||||||||||||||||||||||||
The NCUC, PSCSC, FPSC, IURC, PUCO and KPSC approve rates for retail electric and natural gas services within their states. The FERC approves rates for electric sales to wholesale customers served under cost-based rates (excluding Ohio and Indiana), as well as sales of transmission service. | ||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||
2013 North Carolina Rate Case | ||||||||||||||||||||||||
On September 24, 2013, the NCUC approved a settlement agreement related to Duke Energy Carolinas’ request for a rate increase with minor modifications. The parties agreed to a three-year step-in rate increase, with the first two years providing for $204 million, or a 4.5 percent average increase in rates, and the third year providing for rates to be increased by an additional $30 million, or 0.6 percent. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. New rates went into effect on September 25, 2013. | ||||||||||||||||||||||||
On October 23, 2013, the North Carolina Attorney General (NCAG) appealed the rate of return and capital structure approved in the agreement. On October 24, 2013, the NC Waste Awareness and Reduction Network (NC WARN) also appealed various matters in the settlement. The North Carolina Supreme Court (NCSC) denied a motion to consolidate these appeals with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress on March 13, 2014. Briefing has concluded in this matter and oral argument occurred on September 8, 2014. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||||
2011 North Carolina Rate Case | ||||||||||||||||||||||||
On January 27, 2012, the NCUC approved a settlement agreement related to Duke Energy Carolinas’ request for a rate increase. The NCUC Public Staff (Public Staff) was a party to the settlement. On October 23, 2013, the NCUC reaffirmed the rate of return approved in the settlement agreement, in response to an appeal by the NCAG. On November 21, 2013, the NCAG appealed the reaffirmed order. The NCSC denied a motion to consolidate this appeal with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress on March 13, 2014. Briefing has concluded in this matter and oral argument occurred on September 8, 2014. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||||
William States Lee Combined Cycle Facility | ||||||||||||||||||||||||
On April 9, 2014, the PSCSC granted Duke Energy Carolinas and North Carolina Electric Membership Corporation (NCEMC) a Certificate of Environmental Compatibility and Public Convenience and Necessity (CECPCN) for the construction and operation of a 750 MW combined cycle natural gas-fired generating plant at its existing William States Lee Generating Station in Anderson, South Carolina. On May 16, 2014, Duke Energy Carolinas announced its intention to begin construction in summer 2015 and estimates a cost to build of $600 million for its share of the facility, including allowance for funds used during construction (AFUDC). The project is expected to be commercially available in late 2017. NCEMC will own approximately 13 percent of the project. On July 3, 2014, the South Carolina Coastal Conservation League (SCCCL) and Southern Alliance for Clean Energy (SACE) jointly filed a Notice of Appeal with the Court of Appeals of South Carolina seeking the court's review of the PSCSC's decision. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||
2012 North Carolina Rate Case | ||||||||||||||||||||||||
On May 30, 2013, the NCUC approved a settlement agreement related to Duke Energy Progress’ request for a rate increase. The Public Staff was a party to the settlement agreement. The parties agreed to a two-year step-in rate increase, with the first year providing for a $147 million, or a 4.5 percent average increase in rates, and the second year providing for rates to be increased by an additional $31 million, or a 1.0 percent average increase in rates. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. The initial rate increase went into effect on June 1, 2013 and the step-in rate increase went into effect in June 2014. | ||||||||||||||||||||||||
On July 1, 2013, the NCAG appealed the NCUC’s approval of the rate of return and capital structure included in the agreement. NC WARN also appealed various matters in the settlement. The NCSC denied a motion to consolidate these appeals with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress on March 13, 2014. Briefing has concluded in this matter and oral argument was held on May 5, 2014. On August 20, 2014, the NCSC affirmed the NCUC's order approving Duke Energy Progress' rate of return and capital structure. | ||||||||||||||||||||||||
Shearon Harris Nuclear Station Expansion | ||||||||||||||||||||||||
In 2006, Duke Energy Progress selected a site at Harris to evaluate for possible future nuclear expansion. On February 19, 2008, Duke Energy Progress filed its COL application with the NRC for two Westinghouse AP1000 reactors at Harris, which the NRC docketed for review. On May 2, 2013, Duke Energy Progress filed a letter with the NRC requesting the NRC to suspend its review activities associated with the COL at the Harris site. As a result of the decision to suspend the COL applications, during the second quarter of 2013, Duke Energy Progress recorded a pretax impairment charge of $22 million, which represented costs associated with the COL, which were not probable of recovery. As of September 30, 2014, approximately $48 million is recorded in Regulatory assets on Duke Energy Progress' Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||||
Wholesale Depreciation Rates | ||||||||||||||||||||||||
On April 19, 2013, Duke Energy Progress filed an application with FERC for acceptance of changes to generation depreciation rates and in August 2013 filed for acceptance of additional changes. These changes will affect the rates of Duke Energy Progress wholesale power customers that purchase or will purchase power under formula rates. Certain Duke Energy Progress wholesale customers filed interventions and protests. FERC accepted the depreciation rate changes, subject to refund, and set the matter for settlement and hearing in a consolidated proceeding. FERC further initiated an action with respect to the justness and reasonableness of the proposed rate changes. Settlement was reached in October 2014, subject to FERC approval, for changes to the depreciation rates and conforming changes to the wholesale formula rates. The agreement will have no material or adverse impact to the rates originally proposed by Duke Energy Progress, and Duke Energy Progress will receive cost recovery for early retired plants previously included in the depreciation rates. | ||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||
FPSC Settlement Agreements | ||||||||||||||||||||||||
On February 22, 2012, the FPSC approved a settlement agreement (the 2012 Settlement) among Duke Energy Florida, the Florida Office of Public Counsel (OPC) and other customer advocates. The 2012 Settlement was to continue through the last billing cycle of December 2016. On October 17, 2013, the FPSC approved a settlement agreement (the 2013 Settlement) between Duke Energy Florida, OPC, and other customer advocates. The 2013 Settlement replaces and supplants the 2012 Settlement and substantially resolves issues related to (i) Crystal River Unit 3, (ii) Levy, (iii) Crystal River 1 and 2 coal units, and (iv) future generation needs in Florida. Refer to the remaining sections below and the 2013 Annual Report on Form 10-K for further discussion of these settlement agreements. | ||||||||||||||||||||||||
Crystal River Unit 3 | ||||||||||||||||||||||||
On February 5, 2013, Duke Energy Florida announced the retirement of Crystal River Unit 3. On February 20, 2013, Duke Energy Florida filed with the NRC a certification of permanent cessation of power operations and permanent removal of fuel from the reactor vessel. In December 2013, and March 2014, Duke Energy Florida filed an updated site-specific decommissioning plan with the NRC and FPSC, respectively. The plan included a decommissioning cost estimate of $1,180 million, including amounts applicable to joint owners, under the safe storage (SAFSTOR) option. Duke Energy Florida’s decommissioning study assumes Crystal River Unit 3 will be in SAFSTOR configuration, requiring limited staffing to monitor plant conditions, until the eventual dismantling and decontamination activities to be completed by 2073. This decommissioning approach is currently utilized at a number of retired domestic nuclear power plants and is one of three accepted approaches to decommissioning approved by the NRC. | ||||||||||||||||||||||||
Duke Energy Florida has reclassified all Crystal River Unit 3 investments, including property, plant and equipment, nuclear fuel, inventory, and other assets, to a regulatory asset. Duke Energy agreed to forgo recovery of $295 million of regulatory assets and an impairment charge was recorded in the second quarter of 2013 for this matter. Duke Energy Florida is allowed to accelerate cash recovery of approximately $130 million of the Crystal River Unit 3 regulatory asset from retail customers from 2014 through 2016 through its fuel clause. Duke Energy Florida will begin recovery of the remaining Crystal River Unit 3 regulatory asset, up to a cap of $1,466 million from retail customers upon the earlier of (i) full recovery of the uncollected Levy investment or (ii) the first billing period of January 2017. Recovery will continue 240 months from inception of collection of the regulatory asset in base rates. The Crystal River Unit 3 base rate component will be adjusted at least every four years. | ||||||||||||||||||||||||
Included in this recovery, but not subject to the cap, are costs of building an Independent Spent Fuel Storage Installation (ISFSI). The return rate will be based on the currently approved AFUDC rate with a return on equity of 7.35 percent, or 70 percent of the currently approved 10.5 percent. The return rate is subject to change if the return on equity changes in the future. In May 2014, Duke Energy Florida petitioned the FPSC for approval of the decision to construct the ISFSI and approval of an accounting order to defer amortization of the ISFSI pending resolution of its litigation against the federal government as a result of the Department of Energy's breach of its obligation to accept spent nuclear fuel. The regulatory asset associated with the original power uprate project to increase generating capacity will continue to be recovered through the Nuclear Cost Recovery Clause (NCRC) over an estimated seven year period that began in 2013. | ||||||||||||||||||||||||
Through September 30, 2014, Duke Energy Florida deferred $1,373 million for rate recovery related to Crystal River Unit 3, which is subject to the rate recovery cap in the 2013 Settlement. In addition, Duke Energy Florida deferred $268 million for recovery associated with building an ISFSI and the original uprate project, which is not subject to the rate recovery cap discussed above. Duke Energy Florida does not expect the Crystal River Unit 3 costs to exceed the cap. | ||||||||||||||||||||||||
The following table includes a summary of retail customer refunds agreed to in the 2012 Settlement and the 2013 Settlement. Refer to the 2013 Annual Report on Form 10-K for additional information on each of these refunds. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2014 | 2015 | 2016 | |||||||||||||||||||
2012 Settlement refund | $ | 288 | $ | 233 | $ | 35 | $ | 10 | $ | 10 | ||||||||||||||
Retirement decision refund | 100 | — | — | 40 | 60 | |||||||||||||||||||
NEIL proceeds | 490 | 449 | 41 | — | — | |||||||||||||||||||
Total customer refunds | $ | 878 | 682 | 76 | 50 | 70 | ||||||||||||||||||
Accelerated regulatory asset recovery | (130 | ) | (28 | ) | (9 | ) | (37 | ) | (56 | ) | ||||||||||||||
Net customer refunds | $ | 748 | $ | 654 | $ | 67 | $ | 13 | $ | 14 | ||||||||||||||
Levy | ||||||||||||||||||||||||
On July 28, 2008, Duke Energy Florida applied to the NRC for a COL for two Westinghouse AP1000 reactors at Levy. In 2008, the FPSC granted Duke Energy Florida’s petition for an affirmative Determination of Need and related orders requesting cost recovery under Florida’s nuclear cost-recovery rule, together with the associated facilities, including transmission lines and substation facilities. | ||||||||||||||||||||||||
On January 28, 2014, Duke Energy Florida terminated the Levy engineering, procurement and construction agreement (EPC). Duke Energy Florida may be required to pay for work performed under the EPC and to bring existing work to an orderly conclusion, including but not limited to costs to demobilize and cancel certain equipment and material orders placed. Duke Energy Florida recorded an exit obligation of $25 million upon termination of the EPC. This liability was recorded within Other in Deferred Credits and Other Liabilities with an offset primarily to Regulatory assets on the Condensed Consolidated Balance Sheets. Duke Energy Florida is allowed to recover reasonable and prudent EPC cancellation costs from its retail customers. | ||||||||||||||||||||||||
The 2012 Settlement provided that Duke Energy Florida include the allocated wholesale cost of Levy as a retail regulatory asset and include this asset as a component of rate base and amortization expense for regulatory reporting. In accordance with the 2013 Settlement, Duke Energy Florida ceased amortization of the wholesale allocation of Levy investments against retail rates. In the second quarter of 2013, Duke Energy Florida recorded a pretax charge of $65 million to write off the wholesale portion of Levy investments. This amount is included in Impairment charges on Duke Energy Florida's Condensed Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||||
On October 27, 2014, the FPSC approved Duke Energy Florida rates for 2015 for Levy as filed and consistent with those established in the 2013 Revised and Restated Settlement Agreement. Recovery of the remaining retail portion of the project costs will occur over five years from 2013 through 2017. Duke Energy Florida has an ongoing responsibility to demonstrate prudency related to the wind down of the Levy investment and the potential for salvage of Levy assets. As of September 30, 2014, Duke Energy Florida has a net uncollected investment in Levy of approximately $207 million, including AFUDC. Of this amount, $54 million is included in Regulatory assets, $120 million related to land and the COL is included in Net, property, plant and equipment, and $33 million is included in Regulatory assets within Current Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
New Generation | ||||||||||||||||||||||||
The 2013 Settlement establishes a recovery mechanism for additional generation needs. This recovery mechanism, the Generation Base Rate Adjustment (GBRA), allows recovery of prudent costs of these items through an increase in base rates, upon the in-service date of such assets, without a general rate case at a 10.5 percent return on equity. | ||||||||||||||||||||||||
On May 27, 2014, Duke Energy Florida petitioned the FPSC for a Determination of Need to (i) construct a 1,640 MW combined cycle natural gas plant in Citrus County, Florida to be in service in 2018 with an estimated cost of $1.5 billion, (ii) construct a 320 MW combustion turbine plant at its existing Suwannee generating facility with an estimated cost of $197 million, and (iii) add inlet chilling to its existing Hines Energy Complex (Hines) combined cycle units which will increase the output of those units by 220 MW at an estimated cost of $160 million. These cost estimates include AFUDC. On August 26, 2014, Duke Energy Florida requested the FPSC withdraw consideration for the Suwannee project so that Duke Energy Florida could pursue further negotiations on an alternative power plant acquisition. On October 2, 2014, the FPSC approved the requests for the Citrus County plant and the uprate project at the Hines facility. Additional environmental and governmental approvals will be sought for the Citrus County project. The Hines uprate project is expected to be completed no later than 2017. | ||||||||||||||||||||||||
Cost of Removal Reserve | ||||||||||||||||||||||||
The 2012 Settlement and the 2013 Settlement provided Duke Energy Florida the discretion to reduce cost of removal amortization expense up to the balance in the cost of removal reserve until the earlier of its applicable cost of removal reserve reaching zero or the expiration of the 2013 Settlement. Duke Energy Florida was not allowed to reduce amortization expense if the reduction would cause it to exceed the appropriate high point of the return on equity range. Duke Energy Florida recognized a reduction in amortization expense of $22 million for the three months ended September 30, 2013 and $95 million for the nine months ended September 30, 2013. Duke Energy Florida had no cost of removal reserves eligible for amortization to income remaining after December 31, 2013. | ||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||
Ohio River Fuel Spill | ||||||||||||||||||||||||
On August 18, 2014, approximately 9,000 gallons of fuel oil was inadvertently discharged into the Ohio River during a fuel oil transfer at the W.C. Beckjord generating plant. The total costs to be incurred related to the clean-up of the oil spill are not expected to be material. | ||||||||||||||||||||||||
2014 Electric Security Plan | ||||||||||||||||||||||||
On May 29, 2014, Duke Energy Ohio filed an application for approval of an SSO in the form of an ESP, effective June 1, 2015. The proposed ESP includes a competitive procurement process for SSO load, a distribution capital investment rider, a tracking mechanism for incremental distribution costs caused by major storms, and a cost-based recovery of Duke Energy Ohio’s contractual entitlement in OVEC. The proposed plan also seeks rate design modifications and continuance, revision, or termination of existing riders. An evidentiary hearing for this case commenced on October 22, 2014. Duke Energy Ohio cannot predict the outcome of this matter. | ||||||||||||||||||||||||
2012 Natural Gas Rate Case | ||||||||||||||||||||||||
On November 13, 2013, the PUCO issued an order approving a settlement among Duke Energy Ohio, the PUCO Staff and intervening parties (the Gas Settlement). The Gas Settlement provided for (i) no increase in base rates for natural gas distribution service, (ii) a return on equity of 9.84 percent, and (iii) rider recovery of $56 million, excluding carrying costs, of environmental remediation costs associated with former manufactured gas plants (MGP) incurred through 2012. The MGP rider became effective in April 2014 for a five-year period. On March 31, 2014, Duke Energy Ohio filed an application with the PUCO to adjust the MGP rider for investigation and remediation costs incurred in 2013. | ||||||||||||||||||||||||
On May 14, 2014, the Ohio Supreme Court granted certain consumer groups' motion to stay the MGP rider pending their appeals of the PUCO approval of the Gas Settlement. The appellants, the PUCO and Duke Energy Ohio have all filed briefs addressing the merits of this matter with the Ohio Supreme Court. On July 29, 2014, the Ohio Supreme Court denied Duke Energy Ohio's motion to lift the stay, but did require appellants to post a bond. Briefs have been submitted in the case. No bond amount or date for oral argument has been set. Duke Energy Ohio suspended billing of the MGP rider in June 2014. Amounts collected under the rider prior to suspension are immaterial. Duke Energy Ohio cannot predict the outcome of this matter. | ||||||||||||||||||||||||
Regional Transmission Organization (RTO) Realignment | ||||||||||||||||||||||||
Duke Energy Ohio, including Duke Energy Kentucky, transferred control of its transmission assets from Midcontinent Independent System Operator, Inc. (MISO) to PJM Interconnection, LLC (PJM), effective December 31, 2011. | ||||||||||||||||||||||||
On December 22, 2010, the KPSC approved Duke Energy Kentucky’s request to effect the RTO realignment, subject to a commitment not to seek double-recovery in a future rate case of the transmission expansion fees that may be charged by MISO and PJM in the same period or overlapping periods. | ||||||||||||||||||||||||
On May 25, 2011, the PUCO approved a settlement between Duke Energy Ohio, Ohio Energy Group, the Office of Ohio Consumers’ Counsel and the PUCO Staff related to Duke Energy Ohio’s recovery of certain costs of the RTO realignment via a non-bypassable rider. Duke Energy Ohio is allowed to recover all MISO Transmission Expansion Planning (MTEP) costs, including but not limited to Multi-Value Project (MVP) costs, directly or indirectly charged to Ohio customers. Duke Energy Ohio also agreed to vigorously defend against any charges for MVP projects from MISO. | ||||||||||||||||||||||||
Upon its exit from MISO on December 31, 2011, Duke Energy Ohio recorded a liability for its exit obligation and share of MTEP costs, excluding MVP. This liability was recorded within Other in Current liabilities and Other in Deferred credits and other liabilities on Duke Energy Ohio’s Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The following table provides a reconciliation of the beginning and ending balance of Duke Energy Ohio’s recorded obligations related to its withdrawal from MISO. As of September 30, 2014, $74 million is recorded as a Regulatory asset on Duke Energy Ohio's Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
(in millions) | 31-Dec-13 | Provision / | Cash | 30-Sep-14 | ||||||||||||||||||||
Adjustments | Reductions | |||||||||||||||||||||||
Duke Energy Ohio | $ | 95 | $ | 3 | $ | (3 | ) | $ | 95 | |||||||||||||||
MVP. MISO approved 17 MVP proposals prior to Duke Energy Ohio’s exit from MISO on December 31, 2011. Construction of these projects is expected to continue through 2020. Costs of these projects, including operating and maintenance costs, property and income taxes, depreciation and an allowed return, are allocated and billed to MISO transmission owners. | ||||||||||||||||||||||||
On December 29, 2011, MISO filed a tariff with the FERC providing for the allocation of MVP costs to a withdrawing owner based on monthly energy usage. The FERC set for hearing (i) whether MISO’s proposed cost allocation methodology to transmission owners who withdrew from MISO prior to January 1, 2012 is consistent with the tariff at the time of their withdrawal from MISO, and, (ii) if not, what the amount of and methodology for calculating any MVP cost responsibility should be. On July 16, 2013, a FERC Administrative Law Judge (ALJ) issued an initial decision. Under this initial decision, Duke Energy Ohio would be liable for MVP costs. Duke Energy Ohio filed exceptions to the initial decision, requesting the FERC overturn the ALJ’s decision. After reviewing the initial decision, along with all exceptions and responses filed by the parties, the FERC will issue a final decision. Duke Energy Ohio fully intends to appeal to the federal court of appeals if the FERC affirms the ALJ’s decision. Duke Energy Ohio cannot predict the outcome of these proceedings. | ||||||||||||||||||||||||
In 2012, MISO estimated Duke Energy Ohio’s MVP obligation over the period from 2012 to 2071 at $2.7 billion, on an undiscounted basis. The estimated obligation is subject to great uncertainty including the ultimate cost of the projects, the annual costs of operations and maintenance, taxes and return over the project lives, the number of years in service for the projects and the allocation to Duke Energy Ohio. | ||||||||||||||||||||||||
Any liability related to the MISO MVP matter attributable to the Disposal Group will not be transferred to Dynegy upon closing of the disposal of the Midwest generation business. | ||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||
Edwardsport Integrated Gasification Combined Cycle (IGCC) Plant | ||||||||||||||||||||||||
On November 20, 2007, the IURC granted Duke Energy Indiana a Certificate of Public Convenience and Necessity (CPCN) for the construction of a 618MW IGCC power plant at Duke Energy Indiana’s existing Edwardsport Generating Station in Knox County, Indiana with a cost estimate of $1.985 billion assuming timely recovery of financing costs related to the project. The Citizens Action Coalition of Indiana, Inc., Sierra Club, Inc., Save the Valley, Inc., and Valley Watch, Inc. (collectively, the Joint Intervenors) were intervenors in several matters related to the Edwardsport IGCC Plant. | ||||||||||||||||||||||||
On December 27, 2012, the IURC approved a settlement agreement (2012 Edwardsport settlement) related to the cost increase for the construction of the project, including subdockets before the IURC related to the project. The Office of Utility Consumer Counselor (OUCC), the Duke Energy Indiana Industrial Group and Nucor Steel-Indiana were parties to the settlement. The settlement agreement, as approved, capped costs to be reflected in customer rates at $2.595 billion, including estimated AFUDC through June 30, 2012. Duke Energy Indiana is allowed to recover AFUDC after June 30, 2012, until customer rates are revised, with such recovery decreasing to 85 percent on AFUDC accrued after November 30, 2012. | ||||||||||||||||||||||||
The project was placed in commercial operation in June 2013. Costs for the Edwardsport IGCC plant are recovered from retail electric customers via a tracking mechanism, the IGCC rider. Updates to the IGCC rider are filed semi-annually. An order on the eleventh semi-annual IGCC rider is currently pending. The twelfth and thirteenth semi-annual IGGC riders have been combined and are scheduled for hearings in February 2015. | ||||||||||||||||||||||||
On March 18, 2014, the Indiana Court of Appeals denied an appeal filed by the Joint Intervenors and affirmed the IURC order approving the 2012 Edwardsport settlement and other related regulatory orders. On June 5, 2014, the Indiana Court of Appeals affirmed the decision on rehearing. The Joint Intervenors requested to seek transfer to the Indiana Supreme Court. On November 7, 2014, the Indiana Supreme Court denied the Joint Intervenors' request to transfer the appeal of these proceedings. The ninth and tenth semi-annual IGCC rider orders have also been appealed. On August 21, 2014, the Indiana Court of Appeals affirmed the IURC order in the tenth IGCC rider proceeding, and on October 29, 2014, denied Joint Intervenors' request for rehearing. On September 8, 2014, the Indiana Court of Appeals remanded the IURC order in the ninth IGCC rider proceeding back to the IURC for further findings concerning approximately $61 million of financing charges Joint Intervenors claimed were caused by construction delay and a ratemaking issue concerning the in-service date determination for tax purposes. | ||||||||||||||||||||||||
On April 2, 2014, the IURC established a subdocket to Duke Energy Indiana’s current fuel adjustment clause proceeding. In this fuel adjustment subdocket, the IURC intends to review underlying causes for net negative generation amounts at the Edwardsport IGCC plant during the period September through November 2013. Duke Energy Indiana contends the net negative generation is related to the consumption of fuel and auxiliary power when the plant was in start-up or off line. In addition to the OUCC, the Duke Energy Indiana Industrial Group, Nucor Steel-Indiana, Steel Dynamics, Inc., and the Joint Intervenors are parties to the subdocket. The IURC has deferred the fuel adjustment subdocket until resolution of the twelfth and thirteenth semi-annual IGCC rider proceedings. In addition, although the IURC approved fuel adjustment clause recovery for the period December 2013 through March 2014, it determined such fuel costs reasonably related to the operational performance of the Edwardsport IGCC plant shall be subject to refund pending the outcome of the twelfth and thirteenth semi-annual IGCC riders. | ||||||||||||||||||||||||
Duke Energy Indiana cannot predict the outcome of the fuel adjustment clause proceedings or pending and future IGCC Rider proceedings. | ||||||||||||||||||||||||
Grid Infrastructure Improvement Plan | ||||||||||||||||||||||||
On August 29, 2014, Duke Energy Indiana filed a seven-year grid infrastructure improvement plan with the IURC with an estimated cost of $1.9 billion, focusing on the reliability, integrity and modernization of the transmission and distribution system. If approved, eighty percent of the costs will be recovered through a rate tracker. The remaining twenty percent are subject to recovery through future rate case proceedings. Hearings are set for December 2014 and Duke Energy Indiana expects a decision in the second quarter of 2015. | ||||||||||||||||||||||||
OTHER REGULATORY MATTERS | ||||||||||||||||||||||||
Atlantic Coast Pipeline | ||||||||||||||||||||||||
On September 2, 2014, Duke Energy, Dominion Resources (Dominion), Piedmont Natural Gas and AGL Resources announced the formation of a joint venture, Atlantic Coast Pipeline, LLC, to build and own the proposed Atlantic Coast Pipeline (ACP), a 550-mile interstate natural gas pipeline. The ACP is designed to meet the needs identified in requests for proposals by Duke Energy Carolinas, Duke Energy Progress and Piedmont Natural Gas. Dominion will build and operate the ACP and will own 45 percent. Duke Energy will have a 40 percent ownership of the pipeline through its Commercial Power segment. The remaining share will be owned by Piedmont Natural Gas and AGL Resources. Duke Energy Carolinas and Duke Energy Progress, among others, will be customers of the pipeline. Purchases will be made under several 20-year supply contracts, subject to state regulatory approval. In October 2014, the NCUC and PSCSC approved the Duke Energy Carolinas and Duke Energy Progress requests to enter into certain affiliate agreements, pay compensation to ACP and to grant a waiver of certain Code of Conduct provisions relating to contractual and jurisdictional matters. The project will require FERC approval, which the joint venture will seek to secure by summer 2016. The estimated in-service date of the pipeline is late 2018. | ||||||||||||||||||||||||
Merger Appeals | ||||||||||||||||||||||||
On January 9, 2013, the City of Orangeburg and NC WARN appealed the NCUC’s approval of the merger between Duke Energy and Progress Energy. On April 29, 2013, the NCUC granted Duke Energy’s motion to dismiss certain exceptions contained in NC WARN’s appeal. | ||||||||||||||||||||||||
On November 6, 2013, the North Carolina Court of Appeals heard oral arguments on the appeals. On March 4, 2014, the Court of Appeals issued an opinion affirming the NCUC’s approval of the merger. On April 8, 2014, NC WARN filed a petition for discretionary review by the North Carolina Supreme Court. On April 21, 2014, Duke Energy and the Public Staff jointly filed their response opposing NC WARN’s petition. The City of Orangeburg did not file a petition for discretionary review. Duke Energy cannot predict the outcome of these matters. | ||||||||||||||||||||||||
Progress Energy Merger FERC Mitigation | ||||||||||||||||||||||||
In June 2012, the FERC approved the merger with Progress Energy, including Duke Energy and Progress Energy’s revised market power mitigation plan, the Joint Dispatch Agreement (JDA) and the joint Open Access Transmission Tariff. Several intervenors filed requests for rehearing challenging various aspects of the FERC approval. On October 29, 2014, FERC denied all of the requests for rehearing. | ||||||||||||||||||||||||
The revised market power mitigation plan provided for the acceleration of one transmission project and the completion of seven other transmission projects (Long-Term FERC Mitigation) and interim firm power sale agreements during the completion of the transmission projects (Interim FERC Mitigation). The Long-Term FERC Mitigation was expected to increase power imported into the Duke Energy Carolinas and Duke Energy Progress service areas and enhance competitive power supply options in the service areas. All of these projects were completed in or before 2014. On May 30, 2014, the Independent Monitor filed with FERC a final report stating that the Long-Term FERC Mitigation is complete. Therefore, Duke Energy Carolinas' and Duke Energy Progress' obligations associated with the Interim FERC Mitigation have terminated. In the second quarter of 2014, Duke Energy Progress recorded an $18 million partial reversal of an impairment recorded in the third quarter of 2012. This reversal adjusts the initial disallowance from the Long-Term FERC mitigation and reflects updated information on the construction costs and in-service dates of the transmission projects. | ||||||||||||||||||||||||
Following the closing of the merger, outside counsel reviewed Duke Energy’s mitigation plan and discovered a technical error in the calculations. On December 6, 2013, Duke Energy submitted a filing to the FERC disclosing the error and arguing that no additional mitigation is necessary. The City of New Bern filed a protest and requested that FERC order additional mitigation. On October 29, 2014, FERC ordered that the amount of the stub mitigation be increased from 25 MW to 129 MW. The stub mitigation is Duke’s commitment to set aside for third parties a certain quantity of firm transmission capacity from Duke Energy Carolinas to Duke Energy Progress during summer off-peak hours. FERC also ordered that Duke Energy operate certain phase shifters to create additional import capability and that such operation be monitored by an independent monitor. Duke Energy does not expect the costs to comply with this order to be material. | ||||||||||||||||||||||||
Planned and Potential Coal Plant Retirements | ||||||||||||||||||||||||
The Subsidiary Registrants periodically file Integrated Resource Plans (IRP) with their state regulatory commissions. The IRPs provide a view of forecasted energy needs over a 10 to 20-year period, and options being considered to meet those needs. Recent IRPs filed by the Subsidiary Registrants included planning assumptions to potentially retire certain coal-fired generating facilities in South Carolina, Florida, Indiana and Ohio earlier than their current estimated useful lives. The facilities do not have the requisite emission control equipment, primarily to meet United States Environmental Protection Agency (EPA) regulations recently approved or proposed. | ||||||||||||||||||||||||
The table below contains the net carrying value of generating facilities planned for early retirement or being evaluated for potential retirement included in Property, plant and equipment, net on the Consolidated Balance Sheets. | ||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas(b) | Progress Energy | Duke Energy Florida(c) | Duke Energy Ohio(d) | Duke Energy Indiana(e) | |||||||||||||||||||
Capacity (in MW) | 2,297 | 200 | 873 | 873 | 556 | 668 | ||||||||||||||||||
Remaining net book value (in millions)(a) | $ | 256 | $ | 19 | $ | 109 | $ | 109 | $ | 9 | $ | 119 | ||||||||||||
(a) | Included in Property, plant and equipment, net as of September 30, 2014, on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||||
(c) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||
(d) | Includes Beckjord Units 5 and 6 and Miami Fort Unit 6. Beckjord units have no remaining book value and were retired October 1, 2014. | |||||||||||||||||||||||
(e) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||||
Duke Energy continues to evaluate the potential need to retire these coal-fired generating facilities earlier than the current estimated useful lives, and plans to seek regulatory recovery for amounts that would not be otherwise recovered when any of these assets are retired. However, such recovery, including recovery of carrying costs on remaining book values, could be subject to future regulatory approvals and therefore cannot be assured. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Commitments And Contingencies | ' | |||||||||||||||||||||||||||
COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||||||||
ENVIRONMENTAL | ||||||||||||||||||||||||||||
Duke Energy is subject to international, federal, state, and local regulations regarding air and water quality, hazardous and solid waste disposal, and other environmental matters. The Subsidiary Registrants are subject to federal, state, and local regulations regarding air and water quality, hazardous and solid waste disposal and other environmental matters. These regulations can be changed from time to time, imposing new obligations on the Duke Energy Registrants. | ||||||||||||||||||||||||||||
Remediation Activities | ||||||||||||||||||||||||||||
The Duke Energy Registrants are responsible for environmental remediation at various contaminated sites. These include some properties that are part of ongoing operations and sites formerly owned or used by Duke Energy entities. These sites are in various stages of investigation, remediation, and monitoring. Managed in conjunction with relevant federal, state, and local agencies, activities vary with site conditions and locations, remediation requirements, complexity, and sharing of responsibility. If remediation activities involve joint and several liability provisions, strict liability, or cost recovery or contribution actions, the Duke Energy Registrants could potentially be held responsible for contamination caused by other potentially responsible parties, and may also benefit from insurance policies or contractual indemnities that cover some or all cleanup costs. Liabilities are recorded when losses become probable and are reasonably estimable. The total costs that may be incurred cannot be estimated because the extent of environmental impact, allocation among potentially responsible parties, remediation alternatives, and/or regulatory decisions have not yet been determined. Additional costs associated with remediation activities are likely to be incurred in the future and could be significant. Costs are typically expensed as Operation, maintenance and other in the Condensed Consolidated Statements of Operations unless regulatory recovery of the costs is deemed probable. | ||||||||||||||||||||||||||||
The following table contains information regarding reserves for probable and estimable costs related to the various environmental sites. These reserves are recorded in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Balance at beginning of period | $ | 79 | $ | 11 | $ | 27 | $ | 8 | $ | 19 | $ | 27 | $ | 7 | ||||||||||||||
Provisions/adjustments | 34 | (1 | ) | 4 | 3 | 1 | 28 | 3 | ||||||||||||||||||||
Cash reductions | (8 | ) | — | (6 | ) | (4 | ) | (2 | ) | (1 | ) | (1 | ) | |||||||||||||||
Balance at end of period | $ | 105 | $ | 10 | $ | 25 | $ | 7 | $ | 18 | $ | 54 | $ | 9 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Balance at beginning of period | $ | 75 | $ | 12 | $ | 33 | $ | 14 | $ | 19 | $ | 15 | $ | 8 | ||||||||||||||
Provisions/adjustments | 6 | — | 5 | 1 | 4 | (1 | ) | 1 | ||||||||||||||||||||
Cash reductions | (17 | ) | — | (6 | ) | (2 | ) | (4 | ) | (8 | ) | (2 | ) | |||||||||||||||
Balance at end of period | $ | 64 | $ | 12 | $ | 32 | $ | 13 | $ | 19 | $ | 6 | $ | 7 | ||||||||||||||
Additional losses in excess of recorded reserves that could be incurred for the stages of investigation, remediation, and monitoring for environmental sites that have been evaluated at this time are presented in the table below. | ||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||
Duke Energy | $ | 83 | ||||||||||||||||||||||||||
Duke Energy Carolinas | 25 | |||||||||||||||||||||||||||
Progress Energy | 9 | |||||||||||||||||||||||||||
Duke Energy Progress | 2 | |||||||||||||||||||||||||||
Duke Energy Florida | 7 | |||||||||||||||||||||||||||
Duke Energy Ohio | 42 | |||||||||||||||||||||||||||
Duke Energy Indiana | 7 | |||||||||||||||||||||||||||
Ash Basins | ||||||||||||||||||||||||||||
On February 2, 2014, a break in a 48-inch stormwater pipe beneath an ash basin at Duke Energy Carolinas’ retired Dan River steam station caused a release of ash basin water and ash into the Dan River. On February 8, 2014, a permanent plug was installed in the 48-inch stormwater pipe, stopping the release of materials into the river. On February 21, 2014, a permanent plug was installed in a 36-inch stormwater pipe beneath an adjacent ash basin. Duke Energy Carolinas estimates 30,000 to 39,000 tons of ash and 24 million to 27 million gallons of basin water were released into the river during the incident. Duke Energy Carolinas incurred approximately $20 million of repairs and remediation expense related to this incident during the nine months ended September 30, 2014. These amounts are recorded in Operations, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. Duke Energy Carolinas will not seek recovery of these costs from ratepayers. In July, Duke Energy completed remediation work identified by the EPA. Other costs related to the Dan River release including future regulatory directives, natural resources damages, pending litigation, future claims or litigation, and long-term environmental impact costs cannot be reasonably estimated at this time. | ||||||||||||||||||||||||||||
Duke Energy engaged third-party engineering experts to complete an independent engineering review of all its ash basins. Initial field work has been completed. Findings and recommendations are being reviewed with management and repair actions are being taken to address the findings. Duke Energy is also preparing a comprehensive, longer-term ash basin strategy, which will involve a site by site analysis of applicable laws, regulations, site characteristics, and engineering feasibility. Each site is unique, and site-specific engineering will help determine the most appropriate closure method for that site. | ||||||||||||||||||||||||||||
On September 20, 2014, the North Carolina Coal Ash Management Act of 2014 (Coal Ash Act) became law. The bill (i) establishes a Coal Ash Management Commission to oversee handling of coal ash within the state; (ii) prohibits construction of new and expansion of existing ash impoundments and use of existing impoundments at retired facilities, effective October 1, 2014; (iii) requires closure of ash impoundments at Duke Energy Progress' Asheville and Sutton stations and Duke Energy Carolinas' Riverbend and Dan River stations no later than August 1, 2019; (iv) requires conversion to dry fly ash handling at active plants not retired by December 31, 2018; (v) requires conversion to dry bottom ash handling at active plants by December 31, 2019, or retirement of active plants; (vi) requires all remaining ash impoundments in North Carolina to be approved as high-risk, intermediate-risk, or low-risk no later than December 31, 2015 by The North Carolina Department of Environment and Natural Resources (DENR) with the method of closure and timing to be based upon the assigned risk, with closure no later than December 31, 2029; (vii) establishes requirements to deal with groundwater and surface water impacts from impoundments and (viii) enhances the level of regulation for structural fills utilizing coal ash. A variance procedure for compliance deadlines and modification of requirements regarding structural fills and compliance boundaries is also outlined. Provisions of the bill prohibit cost recovery for unlawful discharge of ash basin waters occurring after January 1, 2014. The Coal Ash Act includes a moratorium for any NCUC ordered rate changes to effectuate the legislation, which ends January 15, 2015. The Coal Ash Act leaves the decision on cost recovery determinations related to closure of coal combustion residuals surface impoundments (ash basins or impoundments) to the normal ratemaking processes before utility regulatory commissions. In September 2014, Duke Energy Carolinas executed a consent agreement with the South Carolina Department of Health and Environmental Control (SCDHEC) requiring the retirement of an inactive ash basin at the W.S. Lee Steam Station. | ||||||||||||||||||||||||||||
Duke Energy Carolinas and Duke Energy Progress recorded asset retirement obligations at September 30, 2014 based upon the legal obligation for closure of coal ash basins and the disposal of related ash as a result of the Coal Ash Act and the agreement with SCDHEC. Refer to Note 7 for further discussion of the asset retirement obligations recorded at September 30, 2014. | ||||||||||||||||||||||||||||
LITIGATION | ||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||
Ash Basin Shareholder Derivative Litigation | ||||||||||||||||||||||||||||
Five shareholder derivative lawsuits have been filed relating to the release at Dan River and to the management of Duke Energy’s ash basins. The lawsuits were filed in Delaware Chancery Court on (i) May 21, 2014, by shareholders Edward Tansey and the Police Retirement System of St. Louis; (ii) July 18, 2014, by shareholder Robert Reese; (iii) August 5, 2014, by shareholder Leatrice Seinfeld; (iv) September 2, 2014, by the City of Birmingham; and (v) October 3, 2014, by shareholder Andrew Behar. | ||||||||||||||||||||||||||||
The lawsuits name as defendants several current and former Duke Energy officers and directors (collectively, the “Duke Energy Defendants”). Duke Energy is named as a nominal defendant in all five lawsuits. | ||||||||||||||||||||||||||||
All of the complaints allege the Duke Energy Defendants breached their fiduciary duties to the company by failing to adequately oversee Duke Energy’s ash basins since 2008 and that these breaches of fiduciary duty may have contributed to the incident at Dan River and continued thereafter. The lawsuits also assert claims against the Duke Energy Defendants for corporate waste (relating to the money Duke Energy has spent and will spend as a result of the fines, penalties, and coal ash removal) and unjust enrichment (relating to the compensation and director remuneration that was received despite these alleged breaches of fiduciary duty). The lawsuits seek both injunctive relief against Duke Energy and restitution from the Duke Energy Defendants. | ||||||||||||||||||||||||||||
On May 28, 2014, Duke Energy received a shareholder litigation demand letter sent on behalf of shareholder Mitchell Pinsly. The letter alleges that the members of the Duke Energy Board of Directors and certain officers breached their fiduciary duties by allowing the company to illegally dispose of and store coal ash pollutants. The letter demands that the Board of Directors take action to recover damages associated with those breaches of fiduciary duty; otherwise, the attorney will file a shareholder derivative action. By letter dated July 3, 2014, counsel for the shareholder was informed that the Board of Directors appointed a Demand Review Committee to evaluate the allegations in the Demand Letter. | ||||||||||||||||||||||||||||
On October 31, 2014, the Delaware Chancery Court judge issued an order consolidating the five lawsuits. It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with these matters. | ||||||||||||||||||||||||||||
Progress Energy Merger Shareholder Litigation | ||||||||||||||||||||||||||||
Duke Energy, the eleven members of the Duke Energy Board of Directors who were also members of the pre-merger Duke Energy Board of Directors (Legacy Duke Energy Directors) and certain Duke Energy officers are defendants in a purported securities class action lawsuit (Nieman v. Duke Energy Corporation, et al). This lawsuit consolidates three lawsuits originally filed in July 2012, and is pending in the United States District Court for the Western District of North Carolina. The plaintiffs allege federal Securities Act and Exchange Act claims based on allegations of materially false and misleading representations and omissions in the Registration Statement filed on July 7, 2011, and purportedly incorporated into other documents, all in connection with the post-merger change in Chief Executive Officer (CEO). The claims are purportedly brought on behalf of a class of all persons who purchased or otherwise acquired Duke Energy securities between June 11, 2012 and July 9, 2012. On July 26, 2013, the Magistrate Judge recommended the District Court Judge deny the defendants’ motion to dismiss. On October 2, 2013, the District Judge heard defendants’ objections to this recommendation. A decision is pending on the motion to dismiss. On August 15, 2014, the parties reached an agreement in principle to settle the litigation for an amount which, net of the expected proceeds of insurance policies, is not anticipated to have a material effect on the results of operations, cash flows or financial position of Duke Energy. The agreement in principle is subject to the execution of a term sheet, which is being negotiated, and will be submitted to the court for approval. | ||||||||||||||||||||||||||||
On May 31, 2013, the Delaware Chancery Court consolidated four shareholder derivative lawsuits filed in 2012. The Court also appointed a lead plaintiff and counsel for plaintiffs and designated the case as In Re Duke Energy Corporation Derivative Litigation. The lawsuit names as defendants the Legacy Duke Directors. Duke Energy is named as a nominal defendant. The case alleges claims for breach of fiduciary duties of loyalty and care in connection with the post-merger change in CEO. The case is stayed pending resolution of the Nieman v. Duke Energy Corporation, et al. case in North Carolina. | ||||||||||||||||||||||||||||
Two shareholder Derivative Complaints, filed in 2012 in federal district court in Delaware, were consolidated as Tansey v. Rogers, et al. The case alleges claims for breach of fiduciary duty and waste of corporate assets, as well as claims under Section 14(a) and 20(a) of the Exchange Act. Duke Energy is named as a nominal defendant. On May 17, 2013, the judge granted the defendants' motion to stay the litigation until a decision is rendered on the motion to dismiss in the Nieman v. Duke Energy Corporation, et al. case in North Carolina. | ||||||||||||||||||||||||||||
On August 3, 2012, Duke Energy was served with a shareholder Derivative Complaint, which was transferred to the North Carolina Business Court (Krieger v. Johnson, et al.). The lawsuit names as defendants William D. Johnson and the Legacy Duke Energy Directors. Duke Energy is named as a nominal defendant. The lawsuit alleges claims for breach of fiduciary duty in granting excessive compensation to Mr. Johnson. On April 30, 2014, the North Carolina Business Court granted the Legacy Duke Energy Directors’ motion to dismiss the lawsuit. | ||||||||||||||||||||||||||||
It is not possible to estimate the maximum exposure of loss that may occur in connection with these lawsuits. | ||||||||||||||||||||||||||||
Price Reporting Cases | ||||||||||||||||||||||||||||
A total of five lawsuits were filed against Duke Energy affiliates and other energy companies and remain pending in a consolidated, single federal court proceeding in Nevada. | ||||||||||||||||||||||||||||
Each of these cases contain similar claims that defendants allegedly manipulated natural gas markets by various means, including providing false information to natural gas trade publications and entering into unlawful arrangements and agreements in violation of the antitrust laws of the respective states. Plaintiffs seek damages in unspecified amounts. | ||||||||||||||||||||||||||||
On July 18, 2011, the judge granted a defendant’s motion for summary judgment in two of the remaining five cases to which Duke Energy affiliates are a party. The U.S. Court of Appeals for the Ninth Circuit subsequently reversed the lower court’s decision. On July 1, 2014, the U.S. Supreme Court granted the defendants', including Duke Energy, petition for certiorari. No date has been set for oral arguments. | ||||||||||||||||||||||||||||
It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with the remaining matters. However, based on Duke Energy’s past experiences with similar cases of this nature, it does not believe its exposure under these remaining matters is material. | ||||||||||||||||||||||||||||
Brazil Expansion Lawsuit | ||||||||||||||||||||||||||||
On August 9, 2011, the State of São Paulo sued Duke Energy International Geracao Paranapenema S.A. (DEIGP) in Brazilian state court. The lawsuit claims DEIGP is under a continuing obligation to expand installed generation capacity in the State of São Paulo by 15 percent pursuant to a stock purchase agreement under which DEIGP purchased generation assets from the state. On August 10, 2011, a judge granted an ex parte injunction ordering DEIGP to present a detailed expansion plan in satisfaction of the 15 percent obligation. DEIGP has previously taken a position the expansion obligation is no longer viable given changes that have occurred in the electric energy sector since privatization. DEIGP submitted its proposed expansion plan on November 11, 2011, but reserved objections regarding enforceability. No trial date has been set. It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with this matter. | ||||||||||||||||||||||||||||
Duke Energy Carolinas and Duke Energy Progress | ||||||||||||||||||||||||||||
DENR State Enforcement Actions | ||||||||||||||||||||||||||||
In the first quarter of 2013, environmental organizations sent notices of intent to sue Duke Energy Carolinas and Duke Energy Progress related to alleged groundwater violations and Clean Water Act violations from coal ash basins at two of their coal-fired power plants in North Carolina. DENR filed enforcement actions against Duke Energy Carolinas and Duke Energy Progress alleging violations of water discharge permits and North Carolina groundwater standards. The case against Duke Energy Carolinas was filed in Mecklenburg County Superior Court. The case against Duke Energy Progress was filed in Wake County Superior Court. The cases are being heard before a single judge. | ||||||||||||||||||||||||||||
On October 4, 2013, Duke Energy Carolinas, Duke Energy Progress and DENR negotiated a proposed consent order covering these two plants. The consent order would have assessed civil penalties and imposed a compliance schedule requiring Duke Energy Carolinas and Duke Energy Progress to undertake monitoring and data collection activities toward making appropriate corrective action to address any substantiated violations. In light of the coal ash release that occurred at Dan River on February 2, 2014, on March 21, 2014, DENR withdrew its support of the consent orders and requested that the court proceed with the litigation. | ||||||||||||||||||||||||||||
On August 16, 2013, DENR filed an enforcement action against Duke Energy Carolinas and Duke Energy Progress related to their remaining plants in North Carolina, alleging violations of the Clean Water Act and violations of the North Carolina groundwater standards. The case against Duke Energy Carolinas was filed in Mecklenburg County Superior Court. The case against Duke Energy Progress was filed in Wake County Superior Court. Both of these cases have been assigned to the judge handling the enforcement actions discussed above. Southern Environmental Law Center (SELC), on behalf of several environmental groups, has been permitted to intervene in these cases. | ||||||||||||||||||||||||||||
It is not possible to predict any liability or estimate any damages Duke Energy Carolinas or Duke Energy Progress might incur in connection with these matters. | ||||||||||||||||||||||||||||
North Carolina Declaratory Judgment Action | ||||||||||||||||||||||||||||
On October 10, 2012, the SELC, on behalf of the same environmental groups that were permitted to challenge the consent decrees discussed above, filed a petition with the North Carolina Environmental Management Commission (EMC) asking for a declaratory ruling seeking to clarify the application of the state’s groundwater protection rules to coal ash basins. The petition sought to change the interpretation of regulations that permitted DENR to assess the extent, cause and significance of any groundwater contamination before ordering action to eliminate the source of contamination, among other issues. Duke Energy Carolinas and Duke Energy Progress were both permitted to intervene in the matter. On December 3, 2012, the EMC affirmed this interpretation of the regulations. | ||||||||||||||||||||||||||||
On March 6, 2014, the North Carolina State Court judge overturned the ruling of the EMC holding that in the case of groundwater contamination, DENR was required to issue an order to immediately eliminate the source of the contamination before an assessment of the nature, significance and extent of the contamination or the continuing damage to the groundwater was conducted. Duke Energy Carolinas, Duke Energy Progress, and the EMC appealed the ruling in April 2014. On May 16, 2014, the North Carolina Court of Appeals denied a petition to stay the case during the appeal. On October 10, 2014, the parties were notified the case has been transferred to the North Carolina Supreme Court. | ||||||||||||||||||||||||||||
Federal Citizens Suits | ||||||||||||||||||||||||||||
There are currently five cases filed in various North Carolina federal courts contending that the state enforcement actions discussed above do not adequately address the issues raised in the notices of intent to sue related to the Riverbend, Sutton, Cape Fear, H.F. Lee and Buck plants. | ||||||||||||||||||||||||||||
On June 11, 2013, Catawba Riverkeeper Foundation, Inc. (Catawba Riverkeeper) filed a separate action in the United States Court for the Western District of North Carolina. The lawsuit contends the state enforcement action discussed above does not adequately address issues raised in Catawba Riverkeeper’s notice of intent to sue relating to the Riverbend plant. On April 11, 2014, the Court denied Catawba Riverkeeper’s objections to the Magistrate Judge’s recommendation that plaintiff’s case be dismissed as well as Duke Energy Carolinas’ motion to dismiss. The Court allowed limited discovery, after which Duke Energy Carolinas may file any renewed motions to dismiss. | ||||||||||||||||||||||||||||
On September 12, 2013, Cape Fear River Watch, Inc., Sierra Club, and Waterkeeper Alliance filed a citizen suit in the Federal District Court for the Eastern District of North Carolina. The lawsuit alleges unpermitted discharges to surface water and groundwater violations at the Sutton plant. On June 9, 2014, the court granted Duke Energy Progress' request to dismiss the groundwater claims but rejected its request to dismiss the surface water claims. In response to a motion filed by the SELC, on August 1, 2014, the court modified the original June 9th order to dismiss only the plaintiff's federal law claim based on hydrologic connections at Sutton Lake. The claims related to the alleged state court violations of the permits are back in the case. | ||||||||||||||||||||||||||||
On September 3, 2014, three cases were filed by various environmental groups: (i) a citizen suit in the United States Court for the Middle District of North Carolina alleging unpermitted discharges to surface water and groundwater violations at the Cape Fear plant; (ii) a citizen suit in the United States Court for the Eastern District of North Carolina alleging unpermitted discharges to surface water and groundwater violations at the H.F. Lee plant; and (iii) a citizen suit in the United States Court for the Middle District of North Carolina alleging unpermitted discharges to surface water and groundwater violations at the Buck plant. | ||||||||||||||||||||||||||||
It is not possible to predict whether Duke Energy Carolinas or Duke Energy Progress will incur any liability or to estimate the damages, if any, they might incur in connection with these matters. | ||||||||||||||||||||||||||||
Dan River Ash Basin Grand Jury Investigation | ||||||||||||||||||||||||||||
As a result of the Dan River ash basin water release discussed above, DENR issued a Notice of Violation and Recommendation of Assessment of Civil Penalties with respect to this matter on February 28, 2014, which the company responded to on March 13, 2014. Duke Energy and certain Duke Energy employees have received subpoenas issued by the United States Attorney for the Eastern District of North Carolina in connection with a criminal investigation related to the release and all fourteen of the North Carolina facilities with ash basins and the nature of Duke Energy's contacts with DENR with respect to those facilities. This is a multidistrict investigation that also involves state law enforcement authorities. | ||||||||||||||||||||||||||||
It is not possible to predict whether Duke Energy Carolinas or Duke Energy Progress will incur any liability or to estimate the damages, if any, they might incur in connection with these matters. | ||||||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||||||
New Source Review | ||||||||||||||||||||||||||||
In 1999-2000, the U.S. Department of Justice (DOJ) on behalf of the EPA filed a number of complaints and notices of violation against multiple utilities, including Duke Energy Carolinas, for alleged violations of the New Source Review (NSR) provisions of the Clean Air Act (CAA). The government alleges the utilities violated the CAA when undertaking certain maintenance and repair projects at certain coal plants without (i) obtaining NSR permits and (ii) installing the best available emission controls for sulfur dioxide, nitrogen oxide and particulate matter. The complaints seek the installation of pollution control technology on generating units that allegedly violated the CAA, and unspecified civil penalties in amounts of up to $37,500 per day for each violation. Duke Energy Carolinas asserts there were no CAA violations because the applicable regulations do not require NSR permitting in cases where the projects undertaken are “routine” or otherwise do not result in a net increase in emissions. | ||||||||||||||||||||||||||||
In 2000, the government sued Duke Energy Carolinas in the U.S. District Court in Greensboro, North Carolina, claiming NSR violations for 29 projects performed at 25 of Duke Energy Carolinas’ coal-fired units. Duke Energy Carolinas asserts the projects were routine and not projected to increase emissions. The parties subsequently filed a stipulation agreeing to dismiss with prejudice all but 13 claims at 13 generating units, 11 of which have since been retired. The parties filed opposing motions for summary judgment on the remaining claims. The Court substantially denied both motions for summary judgment. A Duke Energy request for leave to file another motion for summary judgment on alternative grounds, including expiration of the applicable statute of limitations, was denied. On October 24, 2014, Duke Energy Carolinas filed a motion to certify an appeal of the statute of limitations issue to the U.S. Court of Appeals for the Fourth Circuit. That motion is pending. No trial date has been set. It is not possible to predict whether Duke Energy Carolinas will incur any liability or to estimate the damages, if any, it might incur in connection with this matter. Ultimate resolution of these matters could have a material effect on the results of operations, cash flows or financial position of Duke Energy Carolinas. However, the appropriate regulatory recovery will be pursued for costs incurred in connection with such resolution. | ||||||||||||||||||||||||||||
Asbestos-related Injuries and Damages Claims | ||||||||||||||||||||||||||||
Duke Energy Carolinas has experienced numerous claims for indemnification and medical cost reimbursement related to asbestos exposure. These claims relate to damages for bodily injuries alleged to have arisen from exposure to or use of asbestos in connection with construction and maintenance activities conducted on its electric generation plants prior to 1985. As of September 30, 2014, there were 61 asserted claims for non-malignant cases with the cumulative relief sought of up to $13 million, and 23 asserted claims for malignant cases with the cumulative relief sought of up to $7 million. Based on Duke Energy Carolinas’ experience, it is expected that the ultimate resolution of most of these claims likely will be less than the amount claimed. | ||||||||||||||||||||||||||||
Duke Energy Carolinas has recognized asbestos-related reserves of $591 million at September 30, 2014 and $616 million at December 31, 2013. These reserves are classified in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities on the Condensed Consolidated Balance Sheets. These reserves are based upon the minimum amount of the range of loss for current and future asbestos claims through 2033, are recorded on an undiscounted basis and incorporate anticipated inflation. In light of the uncertainties inherent in a longer-term forecast, management does not believe they can reasonably estimate the indemnity and medical costs that might be incurred after 2033 related to such potential claims. It is possible Duke Energy Carolinas may incur asbestos liabilities in excess of the recorded reserves. | ||||||||||||||||||||||||||||
Duke Energy Carolinas has third-party insurance to cover certain losses related to asbestos-related injuries and damages above an aggregate self-insured retention of $476 million. Duke Energy Carolinas’ cumulative payments began to exceed the self-insurance retention in 2008. Future payments up to the policy limit will be reimbursed by the third-party insurance carrier. The insurance policy limit for potential future insurance recoveries indemnification and medical cost claim payments is $864 million in excess of the self-insured retention. Receivables for insurance recoveries were $616 million at September 30, 2014, and $649 million at December 31, 2013. These amounts are classified in Other within Investments and Other Assets and Receivables on the Condensed Consolidated Balance Sheets. Duke Energy Carolinas is not aware of any uncertainties regarding the legal sufficiency of insurance claims. Duke Energy Carolinas believes the insurance recovery asset is probable of recovery as the insurance carrier continues to have a strong financial strength rating. | ||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||
Synthetic Fuels Matters | ||||||||||||||||||||||||||||
Progress Energy and a number of its subsidiaries and affiliates are defendants in lawsuits arising out of a 1999 Asset Purchase Agreement. Parties to the Asset Purchase Agreement include U.S. Global, LLC (Global) and affiliates of Progress Energy. | ||||||||||||||||||||||||||||
In a case filed in the Circuit Court for Broward County, Florida, in March 2003 (the Florida Global Case), Global requested an unspecified amount of compensatory damages, as well as declaratory relief. In November 2009, the court ruled in favor of Global. In December 2009, Progress Energy made a $154 million payment, which represented payment of the total judgment, including prejudgment interest, and a required premium equivalent to two years of interest, to the Broward County Clerk of Court bond account. Progress Energy continued to accrue interest related to this judgment. | ||||||||||||||||||||||||||||
On October 3, 2012, the Florida Fourth District Court of Appeals reversed the lower court ruling. The court held that Global was entitled to approximately $90 million of the amount paid into the registry of the court. Progress Energy was entitled to a refund of the remainder of the funds. Progress Energy received cash and recorded a $63 million pretax gain for the refund in December 2012. The gain was recorded in Income from Discontinued Operations, net of tax in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||||||||
On May 9, 2013, Global filed a Seventh Amended Complaint asserting a single count for breach of the Asset Purchase Agreement and seeking specific performance. The parties reached a settlement in this matter in May 2014, and the case has been dismissed. The amount of the settlement did not have a material effect on the results of operations, cash flows or financial position of Progress Energy. As a result of the settlement of the Florida Global Case, a second suit filed in the Superior Court for Wake County, North Carolina, Progress Synfuel Holdings, Inc. et al. v. U.S. Global, LLC, has been dismissed. | ||||||||||||||||||||||||||||
Duke Energy Progress and Duke Energy Florida | ||||||||||||||||||||||||||||
Spent Nuclear Fuel Matters | ||||||||||||||||||||||||||||
On December 12, 2011, Duke Energy Progress and Duke Energy Florida sued the United States in the U.S. Court of Federal Claims. The lawsuit claims the Department of Energy breached a contract in failing to accept spent nuclear fuel under the Nuclear Waste Policy Act of 1982 and asserts damages for the cost of on-site storage. Duke Energy Progress and Duke Energy Florida assert damages for the period January 1, 2006 through December 31, 2010. Claims for all periods prior to 2006 have been resolved. On March 24, 2014, the U.S. Court of Federal Claims issued a judgment in favor of Duke Energy Progress and Duke Energy Florida on this matter, awarding amounts of $83 million and $21 million, respectively. The majority of the awards were recorded as a reduction to capital costs associated with construction of on-site storage facilities. Duke Energy Progress and Duke Energy Florida received payment of the award in September 2014. On October 16, 2014, Duke Energy Progress and Duke Energy Florida filed a new action for costs incurred from 2011 through 2013. | ||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||
Westinghouse Contract Litigation | ||||||||||||||||||||||||||||
On March 28, 2014 Duke Energy Florida filed a lawsuit against Westinghouse in the U.S. District Court for the Western District of North Carolina. The lawsuit seeks recovery of $54 million in milestone payments in excess of work performed under the terminated EPC for Levy as well as a determination by the court of the amounts due to Westinghouse as a result of the termination of the EPC. | ||||||||||||||||||||||||||||
On March 31, 2014, Westinghouse filed a lawsuit against Duke Energy Florida in U.S. District Court for the Western District of Pennsylvania. The Pennsylvania lawsuit alleged damages under the EPC in excess of $510 million for engineering and design work, costs to end supplier contracts and an alleged termination fee. | ||||||||||||||||||||||||||||
On June 9, 2014, the judge in the North Carolina case ruled that the litigation will proceed in the Western District of North Carolina. Trial is set for February 2016. It is not possible to predict the outcome of the litigation and whether Duke Energy Florida will incur any liability for terminating the EPC or to estimate the damages, if any, it might incur in connection with these matters. Ultimate resolution of these matters could have a material effect on the results of operations, financial position or cash flows of Duke Energy Florida. However, appropriate regulatory recovery will be pursued for the retail portion of any costs incurred in connection with such resolution. | ||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||
Antitrust Lawsuit | ||||||||||||||||||||||||||||
In January 2008, four plaintiffs, including individual, industrial and nonprofit customers, filed a lawsuit against Duke Energy Ohio in federal court in the Southern District of Ohio. Plaintiffs alleged Duke Energy Ohio conspired to provide inequitable and unfair price advantages for certain large business consumers by entering into non-public option agreements in exchange for their withdrawal of challenges to Duke Energy Ohio’s Rate Stabilization Plan (RSP) implemented in early 2005. In March 2014, a federal judge certified this matter as a class action. Trial has been set to begin on July 27, 2015. It is not possible to predict whether Duke Energy Ohio will incur any liability or to estimate the damages which may be incurred in connection with this lawsuit. | ||||||||||||||||||||||||||||
Any liability related to the lawsuit attributable to the Disposal Group will not be transferred to Dynegy upon closing of the disposal of the Midwest generation business. | ||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||
Edwardsport IGCC | ||||||||||||||||||||||||||||
On December 11, 2012, Duke Energy Indiana filed an arbitration action against General Electric Company and Bechtel Corporation in connection with their work at the Edwardsport IGCC facility. Duke Energy Indiana is seeking damages of not less than $560 million. The arbitration began on October 20, 2014 and is scheduled to continue into January 2015. Duke Energy Indiana cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
Other Litigation and Legal Proceedings | ||||||||||||||||||||||||||||
The Duke Energy Registrants are involved in other legal, tax and regulatory proceedings arising in the ordinary course of business, some of which involve significant amounts. The Duke Energy Registrants believe the final disposition of these proceedings will not have a material effect on their results of operations, cash flows or financial position. The table below presents recorded reserves based on management’s best estimate of probable loss for legal matters discussed above, excluding asbestos related reserves. Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. The reasonably possible range of loss for all non-asbestos related matters in excess of recorded reserves is not material. | ||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||
Reserves for Legal Matters | ||||||||||||||||||||||||||||
Duke Energy | $ | 227 | $ | 204 | ||||||||||||||||||||||||
Progress Energy | 70 | 78 | ||||||||||||||||||||||||||
Duke Energy Progress | 9 | 10 | ||||||||||||||||||||||||||
Duke Energy Florida | 41 | 43 | ||||||||||||||||||||||||||
OTHER COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||||||||
General | ||||||||||||||||||||||||||||
As part of their normal business, the Duke Energy Registrants are party to various financial guarantees, performance guarantees, and other contractual commitments to extend guarantees of credit and other assistance to various subsidiaries, investees, and other third parties. These guarantees involve elements of performance and credit risk, which are not fully recognized on the Condensed Consolidated Balance Sheets and have unlimited maximum potential payments. However, the Duke Energy Registrants do not believe these guarantees will have a material effect on their results of operations, cash flows or financial position. | ||||||||||||||||||||||||||||
In addition, the Duke Energy Registrants enter into various fixed-price, non-cancelable commitments to purchase or sell power, take-or-pay arrangements, transportation, or throughput agreements and other contracts that may or may not be recognized on their respective Condensed Consolidated Balance Sheets. Some of these arrangements may be recognized at fair value on their respective Condensed Consolidated Balance Sheets if such contracts meet the definition of a derivative and the normal purchase/normal sale (NPNS) exception does not apply. In most cases, the Duke Energy Registrants’ purchase obligation contracts contain provisions for price adjustments, minimum purchase levels, and other financial commitments. |
Debt_and_Credit_Facilities
Debt and Credit Facilities | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Debt And Credit Facilities | ' | |||||||||||||||||||||||||||
DEBT AND CREDIT FACILITIES | ||||||||||||||||||||||||||||
SUMMARY OF SIGNIFICANT DEBT ISSUANCES | ||||||||||||||||||||||||||||
The following table summarizes significant debt issuances (in millions). | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy | ||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||
April 2014(a) | Apr-24 | 3.75 | % | $ | 600 | $ | — | $ | — | $ | 600 | |||||||||||||||||
April 2014(a) | Apr-17 | 0.612 | % | 400 | — | — | 400 | |||||||||||||||||||||
June 2014(b) | May-19 | 11.87 | % | — | — | — | 108 | |||||||||||||||||||||
June 2014(b) | May-21 | 13.68 | % | — | — | — | 110 | |||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||
March 2014(c) | Mar-17 | 0.854 | % | — | — | 225 | 225 | |||||||||||||||||||||
July 2014(d) | Jul-36 | 5.34 | % | — | — | — | 129 | |||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||
March 2014(e) | Mar-44 | 4.375 | % | — | 400 | — | 400 | |||||||||||||||||||||
March 2014(e) | Mar-17 | 0.433 | % | — | 250 | — | 250 | |||||||||||||||||||||
Total issuances | $ | 1,000 | $ | 650 | $ | 225 | $ | 2,222 | ||||||||||||||||||||
(a) | Proceeds were used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio, the repayment of outstanding commercial paper and for general corporate purposes. See Note 9 for additional information related to the redemption of Duke Energy Ohio's tax-exempt bonds. | |||||||||||||||||||||||||||
(b) | Proceeds were used to repay $196 million of debt for International Energy and for general corporate purposes. | |||||||||||||||||||||||||||
(c) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Florida. Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. See Note 13 for further details. | |||||||||||||||||||||||||||
(d) | Proceeds were used to fund a portion of Duke Energy's prior investment in the existing Wind Star renewables portfolio. | |||||||||||||||||||||||||||
(e) | Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. | |||||||||||||||||||||||||||
CURRENT MATURITIES OF LONG-TERM DEBT | ||||||||||||||||||||||||||||
The following table shows the significant components of Current maturities of long-term debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings. | ||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | September 30, 2014 | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Apr-15 | 3.35 | % | $ | 450 | |||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||
Duke Energy Ohio | Mar-15 | 0.373 | % | 150 | ||||||||||||||||||||||||
Duke Energy Progress | Apr-15 | 5.15 | % | 300 | ||||||||||||||||||||||||
Other | 256 | |||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 1,156 | ||||||||||||||||||||||||||
MASTER CREDIT FACILITY | ||||||||||||||||||||||||||||
Duke Energy has a Master Credit Facility with a capacity of $6 billion through December 2018. The Subsidiary Registrants, excluding Progress Energy each have borrowing capacity under the Master Credit Facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. The amount available under the Master Credit Facility has been reduced to backstop issuances of commercial paper, certain letters of credit and variable-rate demand tax-exempt bonds that may be put to the Duke Energy Registrants at the option of the holder. The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility. | ||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | ||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||
Commercial paper(b) | (1,278 | ) | (784 | ) | (300 | ) | (27 | ) | — | (4 | ) | (163 | ) | |||||||||||||||
Outstanding letters of credit | (64 | ) | (56 | ) | (4 | ) | (2 | ) | (1 | ) | — | (1 | ) | |||||||||||||||
Tax-exempt bonds | (116 | ) | — | (35 | ) | — | — | — | (81 | ) | ||||||||||||||||||
Available capacity | $ | 4,542 | $ | 1,410 | $ | 661 | $ | 721 | $ | 649 | $ | 646 | $ | 455 | ||||||||||||||
(a) | Represents the sublimit of each borrower. | |||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified within Long-Term Debt Payable to Affiliated Companies in Duke Energy Carolinas' and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. |
Asset_Retirement_Obligations
Asset Retirement Obligations | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Asset Retirement Obligations [Abstract] | ' | |||||||||||||||
Asset Retirement Obligations | ' | |||||||||||||||
ASSET RETIREMENT OBLIGATIONS | ||||||||||||||||
ASH BASINS | ||||||||||||||||
As a result of the Coal Ash Act and the agreement with SCDHEC discussed in Note 5, Duke Energy Carolinas and Duke Energy Progress recorded asset retirement obligations (ARO) at September 30, 2014 of $2,026 million and $1,406 million, respectively, related to closure of ash basins in North Carolina and South Carolina. The amounts recorded assume ash will retain a non-hazardous designation by the EPA. | ||||||||||||||||
The ARO amount is based upon estimated ash basin closure costs for each of Duke Energy's 32 ash basins located at 14 plants in North Carolina and an ash basin at a plant in South Carolina. The amount recorded represents the discounted cash flows for estimated closure costs of these ash basins based upon probability weightings of the potential closure methods as evaluated on a site by site basis. Actual costs to be incurred will be dependent upon factors that vary from site to site. The most significant factors are the method and timeframe of closure at the individual sites. Closure methods considered include removing the water from the basins and capping the ash with a synthetic barrier, excavating and relocating the ash to a lined structural fill or lined landfill, or recycling the ash for concrete or some other beneficial use. The ultimate method and timetable for closure will be in compliance with future standards set by the Coal Ash Management Commission established by the Coal Ash Act. The ARO amount will be adjusted as additional information is gained from the Coal Ash Management Commission on acceptable compliance approaches which may change management assumptions. | ||||||||||||||||
Asset retirement costs associated with the asset retirement obligations for operating plants and retired plants have been included in Net property, plant and equipment, and Regulatory assets, respectively, on the Condensed Consolidated Balance Sheets. As of September 30, 2014, $1,559 million and $610 million were recorded in Net property, plant and equipment for Duke Energy Carolinas and Duke Energy Progress, respectively, and $467 million and $763 million were recorded in Regulatory assets for Duke Energy Carolinas and Duke Energy Progress, respectively. The asset retirement costs recorded for Duke Energy Progress are net of $33 million of Regulatory liabilities related to cost of removal. Cost recovery for these expenditures is believed to be probable and will be pursued through the normal ratemaking process with the NCUC, PSCSC, and FERC. | ||||||||||||||||
The following table presents changes in the liability associated with asset retirement obligations for Duke Energy and the Subsidiary Registrants impacted by the Coal Ash Act and the agreement with SCDHEC. | ||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | ||||||||||||
Balance at December 31, 2013(a)(b) | $ | 4,958 | $ | 1,594 | $ | 2,570 | $ | 1,737 | ||||||||
Accretion expense(c) | 164 | 71 | 91 | 63 | ||||||||||||
Liabilities settled | (56 | ) | — | (52 | ) | — | ||||||||||
Liabilities incurred in the current year(d) | 3,433 | 2,026 | 1,406 | 1,406 | ||||||||||||
Balance at September 30, 2014 | $ | 8,499 | $ | 3,691 | $ | 4,015 | $ | 3,206 | ||||||||
(a) | The balance as of December 31, 2013 primarily relates to decommissioning nuclear power facilities, asbestos removal and closure of landfills at fossil generation facilities. | |||||||||||||||
(b) | The balance at December 31, 2013 includes $8 million reported in Other current liabilities on the Condensed Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |||||||||||||||
(c) | Substantially all accretion expense for the nine months ended September 30, 2014 relates to Duke Energy's regulated electric operations from previously established asset retirement obligations and has been deferred in accordance with regulatory accounting treatment. | |||||||||||||||
(d) | Amounts relate to asset obligations recorded in the third quarter of 2014 as a result of the Coal Ash Act and an agreement with the SCDHEC related to the W.S Lee Steam Station. |
Goodwill
Goodwill | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||
Goodwill | ' | |||||||||||||||
GOODWILL | ||||||||||||||||
The following tables present goodwill by reportable operating segment for Duke Energy and Duke Energy Ohio. | ||||||||||||||||
Duke Energy | ||||||||||||||||
(in millions) | Regulated Utilities | International Energy | Commercial Power | Total | ||||||||||||
Balance at December 31, 2013 | ||||||||||||||||
Goodwill | $ | 15,950 | $ | 326 | $ | 935 | $ | 17,211 | ||||||||
Accumulated impairment charges | — | — | (871 | ) | (871 | ) | ||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | 15,950 | 326 | 64 | 16,340 | ||||||||||||
Foreign exchange and other changes | — | (9 | ) | — | (9 | ) | ||||||||||
Balance at September 30, 2014 | ||||||||||||||||
Goodwill | 15,950 | 317 | 935 | 17,202 | ||||||||||||
Accumulated impairment charges | — | — | (871 | ) | (871 | ) | ||||||||||
Balance at September 30, 2014, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 317 | $ | 64 | $ | 16,331 | ||||||||
Duke Energy Ohio | ||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total | |||||||||||||
Balance at December 31, 2013 | ||||||||||||||||
Goodwill | $ | 1,136 | $ | 1,188 | $ | 2,324 | ||||||||||
Accumulated impairment charges | (216 | ) | (1,188 | ) | (1,404 | ) | ||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | 920 | — | 920 | |||||||||||||
Balance at September 30, 2014 | ||||||||||||||||
Goodwill | 1,136 | 1,188 | 2,324 | |||||||||||||
Accumulated impairment charges | (216 | ) | (1,188 | ) | (1,404 | ) | ||||||||||
Balance at September 30, 2014, as adjusted for accumulated impairment charges | $ | 920 | $ | — | $ | 920 | ||||||||||
Progress Energy | ||||||||||||||||
Progress Energy's Goodwill is included in the Regulated Utilities operating segment and there are no accumulated impairment charges. | ||||||||||||||||
Impairment Testing | ||||||||||||||||
Duke Energy, Duke Energy Ohio and Progress Energy are required to perform an annual goodwill impairment test as of the same date each year and, accordingly, performs its annual impairment testing of goodwill as of August 31. Duke Energy, Duke Energy Ohio and Progress Energy update their test between annual tests if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying value. As the fair value of Duke Energy, Duke Energy Ohio and Progress Energy’s reporting units exceeded their respective carrying values at the date of the annual impairment analysis, no impairment charges were recorded in the third quarter of 2014. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||||||
Related Party Transactions | ' | |||||||||||||||
RELATED PARTY TRANSACTIONS | ||||||||||||||||
The Subsidiary Registrants engage in related party transactions, which are generally performed at cost and in accordance with the applicable state and federal commission regulations. Refer to the Condensed Consolidated Balance Sheets of the Subsidiary Registrants for balances due to or due from related parties. Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
In addition to the amounts presented above, the Subsidiary Registrants record the impact on net income of other affiliate transactions, including rental of office space, participation in a money pool arrangement, other operational transactions and their proportionate share of certain charged expenses. See Note 6 to the Consolidated Financial Statements in the Annual Report on Form 10-K for more information regarding money pool. The net impact of these transactions was not material for the three and nine months ended September 30, 2014 and 2013 for the Subsidiary Registrants. | ||||||||||||||||
See Note 13 for information relative to sale of receivables to an affiliate consolidated by Duke Energy. | ||||||||||||||||
Because it is not a rated entity, Duke Energy Commercial Asset Management, Inc. (DECAM) receives its credit support from Duke Energy or its nonregulated subsidiaries and not the regulated utility operations of Duke Energy Ohio. DECAM meets its funding needs through an intercompany loan agreement from a subsidiary of Duke Energy. DECAM also has the ability to loan money to the subsidiary of Duke Energy. DECAM had an outstanding intercompany loan payable of $550 million and $43 million, respectively, as of September 30, 2014 and December 31, 2013. These amounts are recorded in Notes payable to affiliated companies on Duke Energy Ohio’s Condensed Consolidated Balance Sheets. | ||||||||||||||||
As discussed in Note 6, in April 2014, Duke Energy issued $1 billion of senior unsecured notes. Proceeds from the issuances were used in part to loan approximately $400 million to DECAM, and such funds were ultimately used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio. This transaction substantially completes the restructuring of Duke Energy Ohio’s capital structure to reflect appropriate debt and equity ratios for its regulated operations. The restructuring was completed in the second quarter of 2014, and resulted in the transfer of all of Duke Energy Ohio’s nonregulated generation assets, excluding Beckjord, out of its regulated public utility subsidiary. |
Derivatives_and_Hedging
Derivatives and Hedging | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||
Derivatives and Hedging | ' | ||||||||||||||||||||
DERIVATIVES AND HEDGING | |||||||||||||||||||||
The Duke Energy Registrants use commodity and interest rate contracts to manage commodity price and interest rate risks. The primary use of energy commodity derivatives is to hedge the generation portfolio against changes in the prices of electricity and natural gas. Interest rate swaps are used to manage interest rate risk associated with borrowings. | |||||||||||||||||||||
All derivative instruments not identified as NPNS are recorded at fair value as assets or liabilities on the Condensed Consolidated Balance Sheets. Cash collateral related to derivative instruments executed under master netting agreement is offset against the collateralized derivatives on the balance sheet. | |||||||||||||||||||||
Changes in the fair value of derivative agreements that either do not qualify for or have not been designated as hedges are reflected in current earnings or as regulatory assets or liabilities. | |||||||||||||||||||||
COMMODITY PRICE RISK | |||||||||||||||||||||
The Duke Energy Registrants are exposed to the impact of changes in the future prices of electricity, coal, and natural gas. Exposure to commodity price risk is influenced by a number of factors including the term of contracts, the liquidity of markets, and delivery locations. | |||||||||||||||||||||
Commodity Fair Value and Cash Flow Hedges | |||||||||||||||||||||
At September 30, 2014, there were no open commodity derivative instruments designated as hedges. | |||||||||||||||||||||
Undesignated Contracts | |||||||||||||||||||||
Undesignated contracts may include contracts not designated as a hedge, contracts that do not qualify for hedge accounting, derivatives that do not or no longer qualify for the NPNS scope exception, and de-designated hedge contracts. These contracts expire as late as 2018. | |||||||||||||||||||||
Duke Energy Carolinas’ undesignated contracts are primarily associated with forward sales and purchases of electricity. Duke Energy Progress’ and Duke Energy Florida’s undesignated contracts are primarily associated with forward purchases of natural gas. Duke Energy Ohio’s undesignated contracts are primarily associated with forward sales and purchases of electricity, coal, and natural gas. Duke Energy Indiana’s undesignated contracts are primarily associated with forward purchases and sales of electricity and financial transmission rights. | |||||||||||||||||||||
Volumes | |||||||||||||||||||||
The tables below show information relating to volumes of outstanding commodity derivatives. Amounts disclosed represent the notional volumes of commodity contracts excluding NPNS. Amounts disclosed represent the absolute value of notional amounts. The Duke Energy Registrants have netted contractual amounts where offsetting purchase and sale contracts exist with identical delivery locations and times of delivery. Where all commodity positions are perfectly offset, no quantities are shown. | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Electricity (gigawatt-hours)(a) | 29,569 | — | — | — | — | 25,680 | 607 | ||||||||||||||
Natural gas (millions of decatherms) | 659 | — | 319 | 117 | 202 | 340 | — | ||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Electricity (gigawatt-hours)(a) | 71,466 | 1,205 | 925 | 925 | — | 69,362 | 203 | ||||||||||||||
Natural gas (millions of decatherms) | 636 | — | 363 | 141 | 222 | 274 | — | ||||||||||||||
(a) | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy. | ||||||||||||||||||||
INTEREST RATE RISK | |||||||||||||||||||||
The Duke Energy Registrants are exposed to changes in interest rates as a result of their issuance or anticipated issuance of variable-rate and fixed-rate debt and commercial paper. Interest rate risk is managed by limiting variable-rate exposures to a percentage of total debt and by monitoring changes in interest rates. To manage risk associated with changes in interest rates, the Duke Energy Registrants may enter into interest rate swaps, U.S. Treasury lock agreements, and other financial contracts. In anticipation of certain fixed-rate debt issuances, a series of forward starting interest rate swaps may be executed to lock in components of current market interest rates. These instruments are later terminated prior to or upon the issuance of the corresponding debt. Pretax gains or losses recognized from inception to termination of the hedges are amortized as a component of interest expense over the life of the debt. | |||||||||||||||||||||
Duke Energy has a combination foreign exchange, pay fixed-receive floating interest rate swap to fix the US dollar equivalent payments on a floating-rate Chilean debt issue. | |||||||||||||||||||||
The following tables show notional amounts for derivatives related to interest rate risk. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Duke | Duke | Duke | Duke | |||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Ohio | Ohio | ||||||||||||||||||||
Cash flow hedges(a) | $ | 764 | $ | — | $ | 798 | $ | — | |||||||||||||
Undesignated contracts | 27 | 27 | 34 | 27 | |||||||||||||||||
Total notional amount | $ | 791 | $ | 27 | $ | 832 | $ | 27 | |||||||||||||
(a) | Duke Energy includes amounts related to consolidated Variable Interest Entities (VIEs) of $552 million at September 30, 2014 and $584 million at December 31, 2013. | ||||||||||||||||||||
DUKE ENERGY | |||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | 1 | $ | — | $ | 1 | |||||||||||||
Interest rate contracts | |||||||||||||||||||||
Investments and Other Assets: Other | 16 | — | 27 | — | |||||||||||||||||
Current Liabilities: Other | — | 14 | — | 18 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 23 | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 16 | 38 | 27 | 23 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | 36 | — | 201 | 158 | |||||||||||||||||
Current Assets: Assets Held for Sale | 2 | 2 | — | — | |||||||||||||||||
Investments and Other Assets: Other | 9 | — | 215 | 131 | |||||||||||||||||
Investments and Other Assets: Assets Held for Sale | 9 | 2 | — | — | |||||||||||||||||
Current Liabilities: Other | 4 | 123 | 13 | 153 | |||||||||||||||||
Current Liabilities: Liabilities Associated with Assets Held for Sale | 346 | 445 | — | — | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 37 | 5 | 166 | |||||||||||||||||
Deferred Credits and Other Liabilities: Liabilities Associated with Assets Held for Sale | 148 | 260 | — | — | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Current Liabilities: Other | — | 1 | — | 1 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 5 | — | 4 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 554 | 875 | 434 | 613 | |||||||||||||||||
Total Derivatives | $ | 570 | $ | 913 | $ | 461 | $ | 636 | |||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(e) | Non-Current(f) | |||||||||||||||||
Gross amounts recognized | $ | 388 | $ | 175 | $ | 214 | $ | 233 | |||||||||||||
Gross amounts offset | (362 | ) | (127 | ) | (179 | ) | (138 | ) | |||||||||||||
Net amount subject to master netting | 26 | 48 | 35 | 95 | |||||||||||||||||
Amounts not subject to master netting | — | 7 | — | 14 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 26 | $ | 55 | $ | 35 | $ | 109 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(g) | Non-Current(h) | |||||||||||||||||
Gross amounts recognized | $ | 583 | $ | 314 | $ | 322 | $ | 299 | |||||||||||||
Gross amounts offset | (402 | ) | (203 | ) | (192 | ) | (155 | ) | |||||||||||||
Net amounts subject to master netting | 181 | 111 | 130 | 144 | |||||||||||||||||
Amounts not subject to master netting | 3 | 13 | 4 | 11 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 184 | $ | 124 | $ | 134 | $ | 155 | |||||||||||||
(a) | Included in Other and Assets Held for Sale within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other and Assets Held for Sale within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other and Liabilities Associated with Assets Held for Sale within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other and Liabilities Associated with Assets Held for Sale within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(e) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(f) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(g) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(h) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
The following table shows the gains and losses recognized on cash flow hedges and the line items on the Condensed Consolidated Statements of Operations where such gains and losses are included when reclassified from AOCI. Amounts for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||
Interest rate contracts | $ | (6 | ) | $ | — | $ | (15 | ) | $ | 71 | |||||||||||
Commodity contracts | — | — | — | 1 | |||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | (6 | ) | $ | — | $ | (15 | ) | $ | 72 | |||||||||||
Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | (2 | ) | — | (7 | ) | (2 | ) | ||||||||||||||
There was no hedge ineffectiveness during the three and nine months ended September 30, 2014 and 2013, and no gains or losses were excluded from the assessment of hedge effectiveness during the same periods. | |||||||||||||||||||||
A $9 million pretax gain is expected to be recognized in earnings during the next 12 months as interest expense. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Revenue: Regulated electric | $ | — | $ | 3 | $ | — | $ | 10 | |||||||||||||
Revenue: Nonregulated electric, natural gas and other | — | (7 | ) | — | (7 | ) | |||||||||||||||
Fuel used in electric generation and purchased power - regulated | 32 | (68 | ) | 18 | (157 | ) | |||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | — | (2 | ) | — | — | ||||||||||||||||
Loss from Discontinued Operations | (319 | ) | — | (825 | ) | (28 | ) | ||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | 9 | (4 | ) | — | (13 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | (278 | ) | $ | (78 | ) | $ | (807 | ) | $ | (195 | ) | |||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 3 | $ | (29 | ) | $ | 2 | $ | (34 | ) | |||||||||||
Regulatory liabilities | 1 | 6 | — | 10 | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | (7 | ) | 12 | 9 | 51 | ||||||||||||||||
Regulatory liabilities | (12 | ) | — | 16 | — | ||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | (15 | ) | $ | (11 | ) | $ | 27 | $ | 27 | |||||||||||
DUKE ENERGY CAROLINAS | |||||||||||||||||||||
The fair values of derivative instruments were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
PROGRESS ENERGY | |||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | — | $ | — | $ | 1 | |||||||||||||
Deferred Credits and Other Liabilities: Other | — | — | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | — | — | — | 5 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | — | — | 3 | 2 | |||||||||||||||||
Investments and Other Assets: Other | — | — | 2 | 1 | |||||||||||||||||
Current Liabilities: Other | 1 | 115 | 11 | 105 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 29 | 4 | 91 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 2 | 144 | 20 | 199 | |||||||||||||||||
Total Derivatives | $ | 2 | $ | 144 | $ | 20 | $ | 204 | |||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 15 | $ | 5 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (13 | ) | (4 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | 2 | $ | 1 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 115 | $ | 29 | $ | 107 | $ | 93 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (17 | ) | (10 | ) | |||||||||||||
Net amounts subject to master netting | 114 | 28 | 90 | 83 | |||||||||||||||||
Amounts not subject to master netting | — | — | — | 4 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 114 | $ | 28 | $ | 90 | $ | 87 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Gains and losses on cash flow hedges and reclassifications from AOCI were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains or losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Operating revenues | $ | 1 | $ | 3 | $ | — | $ | 10 | |||||||||||||
Fuel used in electric generation and purchased power | 32 | (68 | ) | 18 | (157 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (4 | ) | — | (13 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 33 | $ | (69 | ) | $ | 18 | $ | (160 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 3 | $ | (31 | ) | $ | 19 | $ | (34 | ) | |||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 4 | — | 13 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 3 | $ | (27 | ) | $ | 19 | $ | (21 | ) | |||||||||||
DUKE ENERGY PROGRESS | |||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. Substantially all derivatives not designated as hedging instruments receive regulatory accounting treatment. | |||||||||||||||||||||
September 30, 2014 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | 1 | $ | — | $ | 1 | |||||||||||||
Total Derivatives Designated as Hedging Instruments | — | 1 | — | 1 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Investments and Other Assets: Other | — | — | 2 | 1 | |||||||||||||||||
Current Liabilities: Other | 2 | 39 | 2 | 40 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 8 | 2 | 29 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 3 | 47 | 6 | 70 | |||||||||||||||||
Total Derivatives | $ | 3 | $ | 48 | $ | 6 | $ | 71 | |||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 2 | $ | 1 | $ | 3 | $ | 3 | |||||||||||||
Gross amounts offset | (2 | ) | (1 | ) | (3 | ) | (3 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 40 | $ | 8 | $ | 41 | $ | 30 | |||||||||||||
Gross amounts offset | (2 | ) | (1 | ) | (3 | ) | (3 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 38 | $ | 7 | $ | 38 | $ | 27 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Gain and losses on cash flow hedges and reclassifications from AOCI were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Operating revenues | $ | 1 | $ | 3 | $ | — | $ | 10 | |||||||||||||
Fuel used in electric generation and purchased power | 13 | (24 | ) | 4 | (53 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (3 | ) | — | (9 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 14 | $ | (24 | ) | $ | 4 | $ | (52 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | (19 | ) | $ | (11 | ) | $ | 21 | $ | (18 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 3 | — | 10 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | (19 | ) | $ | (8 | ) | $ | 21 | $ | (8 | ) | ||||||||||
DUKE ENERGY FLORIDA | |||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. Substantially all derivatives not designated as hedging instruments receive regulatory accounting treatment. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | $ | — | $ | — | $ | 3 | $ | 2 | |||||||||||||
Current Liabilities: Other | 1 | 75 | 9 | 64 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 21 | 2 | 63 | |||||||||||||||||
Total Derivatives | $ | 2 | $ | 96 | $ | 14 | $ | 129 | |||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 12 | $ | 2 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (10 | ) | (2 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | 2 | $ | — | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 75 | $ | 21 | $ | 66 | $ | 63 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (15 | ) | (7 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 74 | $ | 20 | $ | 51 | $ | 56 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||
Gains and losses on cash flow hedges and reclassifications from AOCI were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Fuel used in electric generation and purchased power | 20 | (45 | ) | 14 | (105 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (1 | ) | — | (3 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 20 | $ | (46 | ) | $ | 14 | $ | (108 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 22 | $ | (19 | ) | $ | (2 | ) | $ | (16 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 1 | — | 3 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 22 | $ | (18 | ) | $ | (2 | ) | $ | (13 | ) | ||||||||||
DUKE ENERGY OHIO | |||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | $ | 2 | $ | — | $ | 186 | $ | 163 | |||||||||||||
Current Assets: Assets Held for Sale | 1 | 1 | — | — | |||||||||||||||||
Investments and Other Assets: Other | — | — | 202 | 130 | |||||||||||||||||
Investments and Other Assets: Assets Held for Sale | 9 | 2 | — | — | |||||||||||||||||
Current Liabilities: Other | — | — | 1 | 36 | |||||||||||||||||
Current Liabilities: Liabilities Associated with Assets Held for Sale | 378 | 484 | — | — | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | — | 2 | 56 | |||||||||||||||||
Deferred Credits and Other Liabilities: Liabilities Associated with Assets Held for Sale | 174 | 287 | — | — | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Current Liabilities: Other | — | — | — | 1 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 4 | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 564 | 778 | 391 | 390 | |||||||||||||||||
Total Derivatives | $ | 564 | $ | 778 | $ | 391 | $ | 390 | |||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(e) | Non-Current(f) | |||||||||||||||||
Gross amounts recognized | $ | 381 | $ | 183 | $ | 186 | $ | 205 | |||||||||||||
Gross amounts offset | (377 | ) | (177 | ) | (165 | ) | (132 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 4 | $ | 6 | $ | 21 | $ | 73 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(g) | Non-Current(h) | |||||||||||||||||
Gross amounts recognized | $ | 485 | $ | 293 | $ | 199 | $ | 186 | |||||||||||||
Gross amounts offset | (419 | ) | (251 | ) | (173 | ) | (143 | ) | |||||||||||||
Net amounts subject to master netting | 66 | 42 | 26 | 43 | |||||||||||||||||
Amounts not subject to master netting | — | — | 1 | 4 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 66 | $ | 42 | $ | 27 | $ | 47 | |||||||||||||
(a) | Included in Assets Held for Sale within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Assets Held for Sale within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Liabilities Associated with Assets Held for Sale within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Liabilities Associated with Assets Held for Sale within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(e) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(f) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(g) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(h) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Gains and losses on cash flow hedges and reclassifications from AOCI were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Income (Loss) from Discontinued Operations | $ | (303 | ) | $ | 3 | $ | (887 | ) | $ | (28 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | — | (1 | ) | (1 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | (303 | ) | $ | 3 | $ | (888 | ) | $ | (29 | ) | ||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | — | $ | — | $ | (1 | ) | $ | — | ||||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | — | — | 3 | |||||||||||||||||
Regulatory liabilities | — | — | 6 | — | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | — | $ | — | $ | 5 | $ | 3 | |||||||||||||
DUKE ENERGY INDIANA | |||||||||||||||||||||
The fair values of derivative instruments were not material for the periods presented in this quarterly report. | |||||||||||||||||||||
CREDIT RISK | |||||||||||||||||||||
Certain derivative contracts contain contingent credit features. These features may include (i) material adverse change clauses or payment acceleration clauses that could result in immediate payments or (ii) the posting of letters of credit or termination of the derivative contract before maturity if specific events occur, such as a credit rating downgrade below investment grade. | |||||||||||||||||||||
The following tables show information with respect to derivative contracts that are in a net liability position and contain objective credit-risk related payment provisions. Amounts for Duke Energy Carolinas and Duke Energy Indiana were not material. | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
(in millions) | Duke | Progress Energy | Duke | Duke | Duke | ||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Progress | Florida | Ohio | |||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 688 | $ | 107 | $ | 38 | $ | 69 | $ | 688 | |||||||||||
Fair value of collateral already posted | 202 | — | — | — | 202 | ||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 86 | 107 | 38 | 69 | 86 | ||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(in millions) | Duke | Progress Energy | Duke | Duke | Duke | ||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Progress | Florida | Ohio | |||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 525 | $ | 168 | $ | 60 | $ | 108 | $ | 355 | |||||||||||
Fair value of collateral already posted | 135 | 10 | — | 10 | 125 | ||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 205 | 158 | 60 | 98 | 47 | ||||||||||||||||
The Duke Energy Registrants have elected to offset cash collateral and fair values of derivatives. For amounts to be netted, the derivative must be executed with the same counterparty under the same master netting agreement. Amounts disclosed below represent the receivables related to the right to reclaim cash collateral and payables related to the obligation to return cash collateral under master netting arrangements. Amounts for Duke Energy Carolinas, Duke Energy Progress and Duke Energy Indiana were not material. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Receivables | Receivables | |||||||||||||||||||
Duke Energy | |||||||||||||||||||||
Amounts offset against net derivative positions | $ | 116 | $ | 30 | |||||||||||||||||
Amounts not offset against net derivative positions | 86 | 122 | |||||||||||||||||||
Progress Energy | |||||||||||||||||||||
Amounts offset against net derivative positions | — | 10 | |||||||||||||||||||
Duke Energy Florida | |||||||||||||||||||||
Amounts offset against net derivative positions | — | 10 | |||||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||
Amounts offset against net derivative positions | 116 | 19 | |||||||||||||||||||
Amounts not offset against net derivative positions | 86 | 115 | |||||||||||||||||||
Investments_in_Debt_and_Equity
Investments in Debt and Equity Securities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Investments In Debt And Equity Securities | ' | |||||||||||||||||||||||
INVESTMENTS IN DEBT AND EQUITY SECURITIES | ||||||||||||||||||||||||
The Duke Energy Registrants classify their investments in debt and equity securities as either trading or available-for-sale. | ||||||||||||||||||||||||
TRADING SECURITIES | ||||||||||||||||||||||||
Investments in debt and equity securities held in grantor trusts associated with certain deferred compensation plans and certain other investments are classified as trading securities. The fair value of these investments was $7 million at September 30, 2014 and $18 million at December 31, 2013. | ||||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES | ||||||||||||||||||||||||
All other investments in debt and equity securities are classified as available-for-sale securities. | ||||||||||||||||||||||||
Duke Energy’s available-for-sale securities are primarily comprised of investments held in (i) the Nuclear Decommissioning Trust Fund (NDTF) at Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida, (ii) grantor trusts at Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana related to OPEB plans, (iii) Duke Energy’s captive insurance investment portfolio, and (iv) Duke Energy’s foreign operations investment portfolio. | ||||||||||||||||||||||||
Duke Energy holds corporate debt securities that were purchased using excess cash from its foreign operations. These investments are either classified as Cash and cash equivalents or Short-Term investments on the Condensed Consolidated Balance Sheet based on maturity date and are available for current operations of Duke Energy’s foreign business. The fair value of these investments classified as Short-Term investments was $44 million as of December 31, 2013. | ||||||||||||||||||||||||
Duke Energy classifies all other investments in debt and equity securities as long-term, unless otherwise noted. | ||||||||||||||||||||||||
Investment Trusts | ||||||||||||||||||||||||
The investments within the NDTF at Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida and the Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana grantor trusts (Investment Trusts) are managed by independent investment managers with discretion to buy, sell, and invest pursuant to the objectives set forth by the trust agreements. The Duke Energy Registrants have limited oversight of the day-to-day management of these investments. As a result, the ability to hold investments in unrealized loss positions is outside the control of the Duke Energy Registrants. Accordingly, all unrealized losses associated with debt and equity securities within the Investment Trusts are considered other-than-temporary impairments and are recognized immediately. Pursuant to regulatory accounting, substantially all realized and unrealized gains and losses associated with investments within the Investment Trusts are deferred as a regulatory asset or liability. As a result, there is no immediate impact on earnings of the Duke Energy Registrants. | ||||||||||||||||||||||||
Other Available-for-Sale Securities | ||||||||||||||||||||||||
Unrealized gains and losses on all other available-for-sale securities are included in other comprehensive income until realized, unless it is determined the carrying value of an investment is other-than-temporarily impaired. If an other-than-temporary impairment exists, the unrealized loss is included in earnings based on the criteria discussed below. | ||||||||||||||||||||||||
The Duke Energy Registrants analyze all investment holdings each reporting period to determine whether a decline in fair value should be considered other-than-temporary. Criteria used to evaluate whether an impairment associated with equity securities is other-than-temporary includes, but is not limited to, (i) the length of time over which the market value has been lower than the cost basis of the investment, (ii) the percentage decline compared to the cost of the investment, and (iii) management’s intent and ability to retain its investment for a period of time sufficient to allow for any anticipated recovery in market value. If a decline in fair value is determined to be other-than-temporary, the investment is written down to its fair value through a charge to earnings. | ||||||||||||||||||||||||
If the entity does not have an intent to sell a debt security and it is not more likely than not management will be required to sell the debt security before the recovery of its cost basis, the impairment write-down to fair value would be recorded as a component of other comprehensive income, except for when it is determined a credit loss exists. In determining whether a credit loss exists, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than the amortized cost basis, (ii) changes in the financial condition of the issuer of the security, or in the case of an asset backed security, the financial condition of the underlying loan obligors, (iii) consideration of underlying collateral and guarantees of amounts by government entities, (iv) ability of the issuer of the security to make scheduled interest or principal payments, and (v) any changes to the rating of the security by rating agencies. If a credit loss exists, the amount of impairment write-down to fair value is split between credit loss and other factors. The amount related to credit loss is recognized in earnings. The amount related to other factors is recognized in other comprehensive income. There were no credit losses as of September 30, 2014 and December 31, 2013. There were no other-than-temporary impairments for debt or equity securities as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
DUKE ENERGY | ||||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 74 | $ | — | $ | — | $ | 110 | ||||||||||||
Equity securities | 1,943 | 28 | 3,825 | 1,813 | 10 | 3,579 | ||||||||||||||||||
Corporate debt securities | 13 | 3 | 493 | 8 | 6 | 400 | ||||||||||||||||||
Municipal bonds | 5 | 1 | 132 | 2 | 6 | 160 | ||||||||||||||||||
U.S. government bonds | 12 | 4 | 713 | 7 | 12 | 730 | ||||||||||||||||||
Other debt securities | — | 1 | 137 | 22 | 2 | 154 | ||||||||||||||||||
Total NDTF | $ | 1,973 | $ | 37 | $ | 5,374 | $ | 1,852 | $ | 36 | $ | 5,133 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 16 | $ | — | $ | — | $ | 21 | ||||||||||||
Equity securities | 32 | — | 95 | 29 | — | 91 | ||||||||||||||||||
Corporate debt securities | 2 | — | 68 | 1 | 1 | 99 | ||||||||||||||||||
Municipal bonds | 3 | — | 82 | 2 | 2 | 79 | ||||||||||||||||||
U.S. government bonds | — | — | 16 | — | — | 17 | ||||||||||||||||||
Other debt securities | 1 | 5 | 96 | — | 8 | 111 | ||||||||||||||||||
Total Other Investments(a) | $ | 38 | $ | 5 | $ | 373 | $ | 32 | $ | 11 | $ | 418 | ||||||||||||
Total Investments | $ | 2,011 | $ | 42 | $ | 5,747 | $ | 1,884 | $ | 47 | $ | 5,551 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 33 | ||||||||||||||||||||||
Due after one through five years | 452 | |||||||||||||||||||||||
Due after five through 10 years | 457 | |||||||||||||||||||||||
Due after 10 years | 795 | |||||||||||||||||||||||
Total | $ | 1,737 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 28 | $ | 72 | $ | 90 | $ | 135 | ||||||||||||||||
Realized losses | 51 | 16 | 57 | 38 | ||||||||||||||||||||
DUKE ENERGY CAROLINAS | ||||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 39 | $ | — | $ | — | $ | 42 | ||||||||||||
Equity securities | 1,046 | 17 | 2,124 | 974 | 6 | 1,964 | ||||||||||||||||||
Corporate debt securities | 7 | 3 | 345 | 5 | 5 | 274 | ||||||||||||||||||
Municipal bonds | 1 | — | 22 | — | 2 | 54 | ||||||||||||||||||
U.S. government bonds | 4 | 2 | 317 | 3 | 7 | 354 | ||||||||||||||||||
Other debt securities | — | 1 | 122 | 22 | 2 | 146 | ||||||||||||||||||
Total NDTF | $ | 1,058 | $ | 23 | $ | 2,969 | $ | 1,004 | $ | 22 | $ | 2,834 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Other debt securities | $ | — | $ | 1 | $ | 3 | $ | — | $ | 1 | $ | 3 | ||||||||||||
Total Other Investments(a) | $ | — | $ | 1 | $ | 3 | $ | — | $ | 1 | $ | 3 | ||||||||||||
Total Investments | $ | 1,058 | $ | 24 | $ | 2,972 | $ | 1,004 | $ | 23 | $ | 2,837 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 2 | ||||||||||||||||||||||
Due after one through five years | 171 | |||||||||||||||||||||||
Due after five through 10 years | 256 | |||||||||||||||||||||||
Due after 10 years | 380 | |||||||||||||||||||||||
Total | $ | 809 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 20 | $ | 49 | $ | 72 | $ | 95 | ||||||||||||||||
Realized losses | 48 | 1 | 50 | 11 | ||||||||||||||||||||
PROGRESS ENERGY | ||||||||||||||||||||||||
The following table presents the estimated fair value investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 35 | $ | — | $ | — | $ | 68 | ||||||||||||
Equity securities | 897 | 11 | 1,701 | 839 | 4 | 1,615 | ||||||||||||||||||
Corporate debt securities | 6 | — | 148 | 3 | 1 | 126 | ||||||||||||||||||
Municipal bonds | 4 | 1 | 110 | 2 | 4 | 106 | ||||||||||||||||||
U.S. government bonds | 8 | 2 | 396 | 4 | 5 | 376 | ||||||||||||||||||
Other debt securities | — | — | 15 | — | — | 8 | ||||||||||||||||||
Total NDTF | $ | 915 | $ | 14 | $ | 2,405 | $ | 848 | $ | 14 | $ | 2,299 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 15 | $ | — | $ | — | $ | 20 | ||||||||||||
Municipal bonds | 3 | — | 43 | 1 | — | 39 | ||||||||||||||||||
Total Other Investments(a) | $ | 3 | $ | — | $ | 58 | $ | 1 | $ | — | $ | 59 | ||||||||||||
Total Investments | $ | 918 | $ | 14 | $ | 2,463 | $ | 849 | $ | 14 | $ | 2,358 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 21 | ||||||||||||||||||||||
Due after one through five years | 218 | |||||||||||||||||||||||
Due after five through 10 years | 145 | |||||||||||||||||||||||
Due after 10 years | 328 | |||||||||||||||||||||||
Total | $ | 712 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 8 | $ | 22 | $ | 17 | $ | 37 | ||||||||||||||||
Realized losses | 3 | 11 | 6 | 20 | ||||||||||||||||||||
DUKE ENERGY PROGRESS | ||||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 28 | $ | — | $ | — | $ | 48 | ||||||||||||
Equity securities | 574 | 7 | 1,127 | 535 | 3 | 1,069 | ||||||||||||||||||
Corporate debt securities | 4 | — | 95 | 3 | 1 | 80 | ||||||||||||||||||
Municipal bonds | 4 | 1 | 108 | 2 | 4 | 104 | ||||||||||||||||||
U.S. government bonds | 6 | 2 | 257 | 4 | 3 | 232 | ||||||||||||||||||
Other debt securities | — | — | 8 | — | — | 5 | ||||||||||||||||||
Total NDTF | $ | 588 | $ | 10 | $ | 1,623 | $ | 544 | $ | 11 | $ | 1,538 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Total Other Investments(a) | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Total Investments | $ | 588 | $ | 10 | $ | 1,625 | $ | 544 | $ | 11 | $ | 1,540 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 10 | ||||||||||||||||||||||
Due after one through five years | 147 | |||||||||||||||||||||||
Due after five through 10 years | 94 | |||||||||||||||||||||||
Due after 10 years | 217 | |||||||||||||||||||||||
Total | $ | 468 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 4 | $ | 7 | $ | 11 | $ | 15 | ||||||||||||||||
Realized losses | 2 | 2 | 4 | 6 | ||||||||||||||||||||
DUKE ENERGY FLORIDA | ||||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 7 | $ | — | $ | — | $ | 20 | ||||||||||||
Equity securities | 323 | 4 | 574 | 304 | 1 | 546 | ||||||||||||||||||
Corporate debt securities | 2 | — | 53 | — | — | 46 | ||||||||||||||||||
Municipal bonds | — | — | 2 | — | — | 2 | ||||||||||||||||||
U.S. government bonds | 2 | — | 139 | — | 2 | 144 | ||||||||||||||||||
Other debt securities | — | — | 7 | — | — | 3 | ||||||||||||||||||
Total NDTF | $ | 327 | $ | 4 | $ | 782 | $ | 304 | $ | 3 | $ | 761 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3 | ||||||||||||
Municipal bonds | 3 | — | 43 | 1 | — | 39 | ||||||||||||||||||
Total Other Investments(a) | $ | 3 | $ | — | $ | 43 | $ | 1 | $ | — | $ | 42 | ||||||||||||
Total Investments | $ | 330 | $ | 4 | $ | 825 | $ | 305 | $ | 3 | $ | 803 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 11 | ||||||||||||||||||||||
Due after one through five years | 71 | |||||||||||||||||||||||
Due after five through 10 years | 51 | |||||||||||||||||||||||
Due after 10 years | 111 | |||||||||||||||||||||||
Total | $ | 244 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 3 | $ | 14 | $ | 5 | $ | 22 | ||||||||||||||||
Realized losses | 1 | 9 | 2 | 13 | ||||||||||||||||||||
DUKE ENERGY INDIANA | ||||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||
Equity securities | 26 | — | 68 | 24 | — | 65 | ||||||||||||||||||
Municipal bonds | — | — | 30 | — | 1 | 28 | ||||||||||||||||||
Total Other Investments(a) | $ | 26 | $ | — | $ | 99 | $ | 24 | $ | 1 | $ | 94 | ||||||||||||
Total Investments | $ | 26 | $ | — | $ | 99 | $ | 24 | $ | 1 | $ | 94 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 1 | ||||||||||||||||||||||
Due after one through five years | 18 | |||||||||||||||||||||||
Due after five through 10 years | 8 | |||||||||||||||||||||||
Due after 10 years | 3 | |||||||||||||||||||||||
Total | $ | 30 | ||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were insignificant for the three and nine months ended September 30, 2014 and 2013. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||
Fair value is the exchange price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value definition focuses on an exit price versus the acquisition cost. Fair value measurements use market data or assumptions market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs may be readily observable, corroborated by market data, or generally unobservable. Valuation techniques maximize the use of observable inputs and minimize use of unobservable inputs. A midmarket pricing convention (the midpoint price between bid and ask prices) is permitted for use as a practical expedient. | ||||||||||||||||
Fair value measurements are classified in three levels based on the fair value hierarchy: | ||||||||||||||||
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. An active market is one in which transactions for an asset or liability occur with sufficient frequency and volume to provide ongoing pricing information. | ||||||||||||||||
Level 2 – A fair value measurement utilizing inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly, for an asset or liability. Inputs include (i) quoted prices for similar assets or liabilities in active markets, (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, (iii) and inputs other than quoted market prices that are observable for the asset or liability, such as interest rate curves and yield curves observable at commonly quoted intervals, volatilities, and credit spreads. A Level 2 measurement cannot have more than an insignificant portion of its valuation based on unobservable inputs. Instruments in this category include non-exchange-traded derivatives, such as over-the-counter forwards, swaps and options; certain marketable debt securities; and financial instruments traded in less than active markets. | ||||||||||||||||
Level 3 – Any fair value measurement which includes unobservable inputs for more than an insignificant portion of the valuation. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Level 3 measurements may include longer-term instruments that extend into periods in which observable inputs are not available. | ||||||||||||||||
The fair value accounting guidance permits entities to elect to measure certain financial instruments that are not required to be accounted for at fair value, such as equity method investments or the company’s own debt, at fair value. The Duke Energy Registrants have not elected to record any of these items at fair value. | ||||||||||||||||
Transfers between levels represent assets or liabilities that were previously (i) categorized at a higher level for which the inputs to the estimate became less observable or (ii) classified at a lower level for which the inputs became more observable during the period. The Duke Energy Registrant’s policy is to recognize transfers between levels of the fair value hierarchy at the end of the period. There were no transfers between levels 1 and 2 during the three and nine months ended September 30, 2014 and 2013. Transfers out of Level 3 during the three and nine months ended September 30, 2014 are the result of forward commodity prices becoming observable due to the passage of time. | ||||||||||||||||
Valuation methods of the primary fair value measurements disclosed below are as follows. | ||||||||||||||||
Investments in equity securities | ||||||||||||||||
The majority of investments in equity securities are valued using Level 1 measurements. Investments in equity securities are typically valued at the closing price in the principal active market as of the last business day of the quarter. Principal active markets for equity prices include published exchanges such as NASDAQ and NYSE. Foreign equity prices are translated from their trading currency using the currency exchange rate in effect at the close of the principal active market. There was no after-hours market activity that was required to be reflected in the reported fair value measurements. Investments in equity securities that are Level 2 or 3 are typically ownership interests in commingled investment funds. | ||||||||||||||||
Investments in debt securities | ||||||||||||||||
Most investments in debt securities are valued using Level 2 measurements because the valuations use interest rate curves and credit spreads applied to the terms of the debt instrument (maturity and coupon interest rate) and consider the counterparty credit rating. If the market for a particular fixed income security is relatively inactive or illiquid, the measurement is Level 3. | ||||||||||||||||
Commodity derivatives | ||||||||||||||||
Commodity derivatives with clearinghouses are classified as Level 1. Other commodity derivatives are primarily fair valued using internally developed discounted cash flow models which incorporate forward price, adjustments for liquidity (bid-ask spread) and credit or non-performance risk (after reflecting credit enhancements such as collateral), and are discounted to present value. Pricing inputs are derived from published exchange transaction prices and other observable data sources. In the absence of an active market, the last available price may be used. If forward price curves are not observable for the full term of the contract and the unobservable period had more than an insignificant impact on the valuation, the commodity derivative is classified as Level 3. | ||||||||||||||||
In isolation, increases (decreases) in natural gas forward prices result in favorable (unfavorable) fair value adjustments for gas purchase contracts; and increases (decreases) in electricity forward prices result in unfavorable (favorable) fair value adjustments for electricity sales contracts. Duke Energy regularly evaluates and validates pricing inputs used to estimate fair value of gas commodity contracts by a market participant price verification procedure. This procedure provides a comparison of internal forward commodity curves to market participant generated curves. | ||||||||||||||||
Interest rate derivatives | ||||||||||||||||
Most over-the-counter interest rate contract derivatives are valued using financial models which utilize observable inputs for similar instruments and are classified as Level 2. Inputs include forward interest rate curves, notional amounts, interest rates and credit quality of the counterparties. | ||||||||||||||||
Goodwill, Long-lived Assets and Assets Held for Sale | ||||||||||||||||
See Note 8 for a discussion of the valuation of goodwill and long-lived assets and Note 2 related to the Midwest Generation Disposal Group. | ||||||||||||||||
DUKE ENERGY | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 3,824 | $ | 3,649 | $ | 3 | $ | 172 | ||||||||
Nuclear decommissioning trust fund debt securities | 1,550 | 388 | 1,162 | — | ||||||||||||
Other trading and available-for-sale equity securities | 96 | 96 | — | — | ||||||||||||
Other trading and available-for-sale debt securities | 284 | 31 | 238 | 15 | ||||||||||||
Derivative assets | 85 | 6 | 45 | 34 | ||||||||||||
Total assets | 5,839 | 4,170 | 1,448 | 221 | ||||||||||||
Derivative liabilities | (428 | ) | (119 | ) | (253 | ) | (56 | ) | ||||||||
Net assets | $ | 5,411 | $ | 4,051 | $ | 1,195 | $ | 165 | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 3,579 | $ | 3,495 | $ | 57 | $ | 27 | ||||||||
Nuclear decommissioning trust fund debt securities | 1,553 | 402 | 1,100 | 51 | ||||||||||||
Other trading and available-for-sale equity securities | 102 | 91 | 11 | — | ||||||||||||
Other trading and available-for-sale debt securities | 333 | 36 | 277 | 20 | ||||||||||||
Derivative assets | 145 | 33 | 70 | 42 | ||||||||||||
Total assets | 5,712 | 4,057 | 1,515 | 140 | ||||||||||||
Derivative liabilities | (321 | ) | 11 | (303 | ) | (29 | ) | |||||||||
Net assets | $ | 5,391 | $ | 4,068 | $ | 1,212 | $ | 111 | ||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. Amounts included in earnings for derivatives are primarily included in Operating Revenues. | ||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 188 | $ | 22 | $ | 210 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (33 | ) | (33 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 13 | (1 | ) | 12 | ||||||||||||
Sales | (13 | ) | — | (13 | ) | |||||||||||
Issuances | — | 1 | 1 | |||||||||||||
Transfers out of Level 3 due to observability of inputs | — | (1 | ) | (1 | ) | |||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | (10 | ) | (6 | ) | |||||||||||
Balance at end of period | $ | 192 | $ | (22 | ) | $ | 170 | |||||||||
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | — | $ | (49 | ) | $ | (49 | ) | ||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 97 | $ | (87 | ) | $ | 10 | |||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | 13 | 13 | |||||||||||||
Total pretax gains included in other comprehensive income | 1 | — | 1 | |||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 2 | — | 2 | |||||||||||||
Sales | (2 | ) | — | (2 | ) | |||||||||||
Issuances | — | 4 | 4 | |||||||||||||
Settlements | (2 | ) | (3 | ) | (5 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | 34 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 1 | 1 | 2 | |||||||||||||
Balance at end of period | $ | 97 | $ | (38 | ) | $ | 59 | |||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 98 | $ | 13 | $ | 111 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (21 | ) | (21 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 29 | 50 | 79 | |||||||||||||
Sales | (15 | ) | — | (15 | ) | |||||||||||
Settlements | — | (45 | ) | (45 | ) | |||||||||||
Transfers out of Level 3 due to observability of inputs | 68 | (4 | ) | 64 | ||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 12 | (15 | ) | (3 | ) | |||||||||||
Balance at end of period | $ | 192 | $ | (22 | ) | $ | 170 | |||||||||
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | — | $ | (49 | ) | $ | (49 | ) | ||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 98 | $ | (85 | ) | $ | 13 | |||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (8 | ) | (8 | ) | |||||||||||
Total pretax gains included in other comprehensive income | (1 | ) | — | (1 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 5 | 21 | 26 | |||||||||||||
Sales | (5 | ) | — | (5 | ) | |||||||||||
Issuances | — | 9 | 9 | |||||||||||||
Settlements | (3 | ) | (5 | ) | (8 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | 34 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | (4 | ) | (1 | ) | |||||||||||
Balance at end of period | $ | 97 | $ | (38 | ) | $ | 59 | |||||||||
DUKE ENERGY CAROLINAS | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 2,124 | $ | 1,949 | $ | 3 | $ | 172 | ||||||||
Nuclear decommissioning trust fund debt securities | 845 | 150 | 695 | — | ||||||||||||
Other trading and available-for-sale debt securities | 3 | — | — | 3 | ||||||||||||
Net assets | $ | 2,972 | $ | 2,099 | $ | 698 | $ | 175 | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,964 | $ | 1,879 | $ | 58 | $ | 27 | ||||||||
Nuclear decommissioning trust fund debt securities | 870 | 168 | 651 | 51 | ||||||||||||
Other trading and available-for-sale debt securities | 3 | — | — | 3 | ||||||||||||
Total assets | 2,837 | 2,047 | 709 | 81 | ||||||||||||
Derivative liabilities | (2 | ) | — | — | (2 | ) | ||||||||||
Net assets | $ | 2,835 | $ | 2,047 | $ | 709 | $ | 79 | ||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 171 | $ | (3 | ) | $ | 168 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 13 | — | 13 | |||||||||||||
Sales | (13 | ) | — | (13 | ) | |||||||||||
Settlements | — | 3 | 3 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | — | 4 | |||||||||||||
Balance at end of period | $ | 175 | $ | — | $ | 175 | ||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 74 | $ | (4 | ) | $ | 70 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 2 | — | 2 | |||||||||||||
Sales | (2 | ) | — | (2 | ) | |||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 1 | — | 1 | |||||||||||||
Balance at end of period | $ | 75 | $ | (4 | ) | $ | 71 | |||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 81 | $ | (2 | ) | $ | 79 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 29 | — | 29 | |||||||||||||
Sales | (15 | ) | — | (15 | ) | |||||||||||
Settlements | — | 2 | 2 | |||||||||||||
Transfers out of Level 3 due to observability of inputs | 68 | — | 68 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 12 | — | 12 | |||||||||||||
Balance at end of period | $ | 175 | $ | — | $ | 175 | ||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 72 | $ | (12 | ) | $ | 60 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 5 | — | 5 | |||||||||||||
Sales | (5 | ) | — | (5 | ) | |||||||||||
Settlements | — | 8 | 8 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | — | 3 | |||||||||||||
Balance at end of period | $ | 75 | $ | (4 | ) | $ | 71 | |||||||||
PROGRESS ENERGY | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,700 | $ | 1,700 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 705 | 238 | 467 | — | ||||||||||||
Other trading and available-for-sale debt securities | 58 | 15 | 43 | — | ||||||||||||
Total assets | 2,463 | 1,953 | 510 | — | ||||||||||||
Derivative liabilities | (142 | ) | — | (142 | ) | — | ||||||||||
Net assets | $ | 2,321 | $ | 1,953 | $ | 368 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,615 | $ | 1,615 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 677 | 233 | 444 | — | ||||||||||||
Other trading and available-for-sale debt securities | 58 | 19 | 39 | — | ||||||||||||
Derivative assets | 3 | — | 3 | — | ||||||||||||
Total assets | 2,353 | 1,867 | 486 | — | ||||||||||||
Derivative liabilities | (187 | ) | — | (187 | ) | — | ||||||||||
Net assets | $ | 2,166 | $ | 1,867 | $ | 299 | $ | — | ||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | — | $ | (35 | ) | $ | — | $ | (38 | ) | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Issuances | — | 2 | — | 10 | ||||||||||||
Transfers out of Level 3 due to observability of inputs | 2 | 34 | — | 34 | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (2 | ) | (1 | ) | — | (6 | ) | |||||||||
Balance at end of period | $ | — | $ | — | $ | — | $ | — | ||||||||
DUKE ENERGY PROGRESS | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,126 | $ | 1,126 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 497 | 155 | 342 | — | ||||||||||||
Other trading and available-for-sale debt securities | 2 | 2 | — | — | ||||||||||||
Total assets | 1,625 | 1,283 | 342 | — | ||||||||||||
Derivative liabilities | (45 | ) | — | (45 | ) | — | ||||||||||
Net assets | $ | 1,580 | $ | 1,283 | $ | 297 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,069 | $ | 1,069 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 470 | 137 | 333 | — | ||||||||||||
Other trading and available-for-sale debt securities | 3 | 3 | — | — | ||||||||||||
Derivative assets | 1 | — | 1 | — | ||||||||||||
Total assets | 1,543 | 1,209 | 334 | — | ||||||||||||
Derivative liabilities | (66 | ) | — | (66 | ) | — | ||||||||||
Net assets | $ | 1,477 | $ | 1,209 | $ | 268 | $ | — | ||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | — | $ | (35 | ) | $ | — | $ | (38 | ) | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Issuances | — | — | — | 9 | ||||||||||||
Settlements | — | 2 | — | — | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | — | (1 | ) | — | (5 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | — | 34 | ||||||||||||
Balance at end of period | $ | — | $ | — | $ | — | $ | — | ||||||||
DUKE ENERGY FLORIDA | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 574 | $ | 574 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities and other | 208 | 83 | 125 | — | ||||||||||||
Other trading and available-for-sale debt securities and other | 43 | — | 43 | — | ||||||||||||
Derivative assets | 3 | — | 3 | — | ||||||||||||
Total assets | 828 | 657 | 171 | — | ||||||||||||
Derivative liabilities | (97 | ) | — | (97 | ) | — | ||||||||||
Net assets | $ | 731 | $ | 657 | $ | 74 | $ | — | ||||||||
31-Dec-13 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 546 | $ | 546 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities and other | 214 | 96 | 118 | — | ||||||||||||
Other trading and available-for-sale debt securities and other | 40 | 2 | 38 | — | ||||||||||||
Derivative assets | 1 | — | 1 | — | ||||||||||||
Total assets | 801 | 644 | 157 | — | ||||||||||||
Derivative liabilities | (116 | ) | — | (116 | ) | — | ||||||||||
Net assets | $ | 685 | $ | 644 | $ | 41 | $ | — | ||||||||
DUKE ENERGY OHIO | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Derivative assets | $ | 7 | $ | — | $ | 3 | $ | 4 | ||||||||
Derivative liabilities | (221 | ) | (114 | ) | (48 | ) | (59 | ) | ||||||||
Net assets (liabilities) | $ | (214 | ) | $ | (114 | ) | $ | (45 | ) | $ | (55 | ) | ||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Derivative assets | $ | 96 | $ | 50 | $ | 21 | $ | 25 | ||||||||
Derivative liabilities | (95 | ) | (1 | ) | (65 | ) | (29 | ) | ||||||||
Net assets (liabilities) | $ | 1 | $ | 49 | $ | (44 | ) | $ | (4 | ) | ||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | (28 | ) | $ | (19 | ) | $ | (4 | ) | $ | (6 | ) | ||||
Total pretax realized or unrealized gains (losses) included in earnings | (24 | ) | 11 | (43 | ) | (4 | ) | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | — | — | 1 | 1 | ||||||||||||
Settlements | (2 | ) | 2 | (6 | ) | — | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (1 | ) | — | 1 | 3 | |||||||||||
Transfers out of Level 3 due to observability of inputs | — | — | (4 | ) | — | |||||||||||
Balance at end of period | $ | (55 | ) | $ | (6 | ) | $ | (55 | ) | $ | (6 | ) | ||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at June 30, 2014 | $ | (52 | ) | |||||||||||||
DUKE ENERGY INDIANA | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
30-Sep-14 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Available-for-sale equity securities | $ | 69 | $ | 69 | $ | — | $ | — | ||||||||
Available-for-sale debt securities | 30 | — | 30 | — | ||||||||||||
Derivative assets | 23 | 1 | — | 22 | ||||||||||||
Net assets | $ | 122 | $ | 70 | $ | 30 | $ | 22 | ||||||||
31-Dec-13 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Available-for-sale equity securities | $ | 65 | $ | 65 | $ | — | $ | — | ||||||||
Available-for-sale debt securities | 29 | — | 29 | — | ||||||||||||
Derivative assets | 12 | — | — | 12 | ||||||||||||
Net assets | $ | 106 | $ | 65 | $ | 29 | $ | 12 | ||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | 45 | $ | 18 | $ | 12 | $ | 10 | ||||||||
Total pretax realized or unrealized gains (losses) included in earnings | (13 | ) | 3 | 14 | 5 | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | — | — | 49 | 20 | ||||||||||||
Settlements | — | (10 | ) | (38 | ) | (23 | ) | |||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (10 | ) | 3 | (15 | ) | 2 | ||||||||||
Balance at end of period | $ | 22 | $ | 14 | $ | 22 | $ | 14 | ||||||||
QUANTITATIVE DISCLOSURES ABOUT UNOBSERVABLE INPUTS | ||||||||||||||||
The following table includes quantitative information about the Duke Energy Registrants' derivatives classified as Level 3. | ||||||||||||||||
30-Sep-14 | ||||||||||||||||
Investment Type | Fair Value | Valuation Technique | Unobservable Input | Range | ||||||||||||
(in millions) | ||||||||||||||||
Duke Energy | ||||||||||||||||
Natural gas contracts | $ | (33 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.45 | - | $ | 4.66 | ||||||
Financial transmission rights (FTRs) | 22 | RTO auction pricing | FTR price - per MWh | (2.47 | ) | - | 12.92 | |||||||||
Electricity contracts | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.18 | - | 59.17 | |||||||||
Commodity capacity option contracts | 5 | Discounted cash flow | Forward capacity option curves - price per MW day | 28.6 | - | 189.25 | ||||||||||
Reserves | (14 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (22 | ) | |||||||||||||
Duke Energy Ohio | ||||||||||||||||
Electricity contracts | $ | (10 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.35 | - | 59.6 | ||||||||
Natural gas contracts | (33 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | 2.45 | - | 4.66 | |||||||||
Reserves | (12 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (55 | ) | |||||||||||||
Duke Energy Indiana | ||||||||||||||||
FTRs | $ | 22 | RTO auction pricing | FTR price - per MWh | (2.47 | ) | - | 12.92 | ||||||||
31-Dec-13 | ||||||||||||||||
Investment Type | Fair Value | Valuation Technique | Unobservable Input | Range | ||||||||||||
(in millions) | ||||||||||||||||
Duke Energy | ||||||||||||||||
Natural gas contracts | $ | (2 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.07 | - | $ | 5.37 | ||||||
FERC mitigation power sale agreements | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | |||||||||
Financial transmission rights (FTRs) | 12 | RTO auction pricing | FTR price - per MWh | (0.30 | ) | - | 13.8 | |||||||||
Electricity contracts | 23 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | ||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 30.4 | - | 165.1 | ||||||||||
Reserves | (22 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | 13 | ||||||||||||||
Duke Energy Carolinas | ||||||||||||||||
FERC mitigation power sale agreements | $ | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | ||||||||
Duke Energy Ohio | ||||||||||||||||
Electricity contracts | $ | 18 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | |||||||||
Natural gas contracts | (2 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.07 | - | 5.37 | |||||||||
Reserves | (20 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (4 | ) | |||||||||||||
Duke Energy Indiana | ||||||||||||||||
FTRs | $ | 12 | RTO auction pricing | FTR price - per MWh | (0.30 | ) | - | 13.8 | ||||||||
OTHER FAIR VALUE DISCLOSURES | ||||||||||||||||
The fair value and book value of long-term debt, including current maturities, is summarized in the following table. Estimates determined are not necessarily indicative of amounts that could have been settled in current markets. Fair value of long-term debt uses Level 2 measurements. | ||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | ||||||||||||
Duke Energy | $ | 39,858 | $ | 43,602 | $ | 40,256 | $ | 42,592 | ||||||||
Duke Energy Carolinas | 8,394 | 9,426 | 8,436 | 9,123 | ||||||||||||
Progress Energy | 14,512 | 16,305 | 14,115 | 15,234 | ||||||||||||
Duke Energy Progress | 5,716 | 6,013 | 5,235 | 5,323 | ||||||||||||
Duke Energy Florida | 5,102 | 5,867 | 4,886 | 5,408 | ||||||||||||
Duke Energy Ohio | 1,783 | 1,967 | 2,188 | 2,237 | ||||||||||||
Duke Energy Indiana | 3,795 | 4,356 | 3,796 | 4,171 | ||||||||||||
At both September 30, 2014 and December 31, 2013, the fair value of cash and cash equivalents, accounts and notes receivable, accounts payable, notes payable and commercial paper, and non-recourse notes payable of variable interest entities are not materially different from their carrying amounts because of the short-term nature of these instruments and/or because the stated rates approximate market rates. |
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | |||||||||||||||||||||||||||||||
Variable Interest Entities | ' | |||||||||||||||||||||||||||||||
VARIABLE INTEREST ENTITIES | ||||||||||||||||||||||||||||||||
A VIE is an entity that is evaluated for consolidation using more than a simple analysis of voting control. The analysis to determine whether an entity is a VIE considers contracts with an entity, credit support for an entity, the adequacy of the equity investment of an entity, and the relationship of voting power to the amount of equity invested in an entity. This analysis is performed either upon the creation of a legal entity or upon the occurrence of an event requiring reevaluation, such as a significant change in an entity’s assets or activities. A qualitative analysis of control determines the party that consolidates a VIE. This assessment is based on (i) what party has the power to direct the most significant activities of the VIE that impact its economic performance, and (ii) what party has rights to receive benefits or is obligated to absorb losses that are significant to the VIE. The analysis of the party that consolidates a VIE is a continual reassessment. | ||||||||||||||||||||||||||||||||
Other than the discussion below related to CRC, no financial support was provided to any of the consolidated VIEs during the nine months ended September 30, 2014 and the year ended December 31, 2013, or is expected to be provided in the future, that was not previously contractually required. | ||||||||||||||||||||||||||||||||
CONSOLIDATED VIEs | ||||||||||||||||||||||||||||||||
The tables below show VIEs consolidated and how these entities impact the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | ||||||||||||||||||||||||||||||
(in millions) | DERF | DEPR | DEFR | CRC | Renewables | Other | Total | |||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | $ | 695 | $ | 474 | $ | 403 | $ | 465 | $ | 12 | $ | 20 | $ | 2,069 | ||||||||||||||||||
Other | — | — | — | — | 141 | 13 | 154 | |||||||||||||||||||||||||
Investments and Other Assets | ||||||||||||||||||||||||||||||||
Other | — | — | — | — | 29 | 34 | 63 | |||||||||||||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||||||||||||
Property, plant and equipment, cost(a) | — | — | — | — | 1,856 | 18 | 1,874 | |||||||||||||||||||||||||
Accumulated depreciation and amortization | — | — | — | — | (232 | ) | (5 | ) | (237 | ) | ||||||||||||||||||||||
Regulatory Assets and Deferred Debits | ||||||||||||||||||||||||||||||||
Other | 1 | — | 1 | — | 35 | — | 37 | |||||||||||||||||||||||||
Total assets | $ | 696 | $ | 474 | $ | 404 | $ | 465 | $ | 1,841 | $ | 80 | $ | 3,960 | ||||||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||||||||
Taxes accrued | — | — | — | — | 6 | — | 6 | |||||||||||||||||||||||||
Current maturities of long-term debt | — | — | — | — | 67 | 16 | 83 | |||||||||||||||||||||||||
Other | — | — | — | — | 26 | 12 | 38 | |||||||||||||||||||||||||
Long-Term Debt(b) | 400 | 300 | 225 | 325 | 989 | 21 | 2,260 | |||||||||||||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||||||||||||
Deferred income taxes | — | — | — | — | 292 | — | 292 | |||||||||||||||||||||||||
Asset retirement obligations | — | — | — | — | 31 | — | 31 | |||||||||||||||||||||||||
Other | — | — | — | — | 33 | 10 | 43 | |||||||||||||||||||||||||
Total liabilities | $ | 400 | $ | 300 | $ | 225 | $ | 325 | $ | 1,446 | $ | 59 | $ | 2,755 | ||||||||||||||||||
Net assets of consolidated variable interest entities | $ | 296 | $ | 174 | $ | 179 | $ | 140 | $ | 395 | $ | 21 | $ | 1,205 | ||||||||||||||||||
(a) Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||
(b) Non-recourse to the general assets of the applicable registrant. | ||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Duke Energy Progress | |||||||||||||||||||||||||||||||
(in millions) | DERF | DEPR | CRC | Renewables | Other | Total | ||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | $ | 673 | $ | 416 | $ | 595 | $ | 18 | $ | 17 | $ | 1,719 | ||||||||||||||||||||
Other | — | — | — | 89 | 12 | 101 | ||||||||||||||||||||||||||
Investments and Other Assets | ||||||||||||||||||||||||||||||||
Other | — | — | — | 29 | 51 | 80 | ||||||||||||||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||||||||||||
Property, plant and equipment, cost(a) | — | — | — | 1,662 | 18 | 1,680 | ||||||||||||||||||||||||||
Accumulated depreciation and amortization | — | — | — | (170 | ) | (5 | ) | (175 | ) | |||||||||||||||||||||||
Regulatory Assets and Deferred Debits | ||||||||||||||||||||||||||||||||
Other | 1 | 1 | — | 34 | — | 36 | ||||||||||||||||||||||||||
Total assets | $ | 674 | $ | 417 | $ | 595 | $ | 1,662 | $ | 93 | $ | 3,441 | ||||||||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||||||||||
Taxes accrued | — | — | — | 10 | — | 10 | ||||||||||||||||||||||||||
Current maturities of long-term debt | — | — | — | 66 | 14 | 80 | ||||||||||||||||||||||||||
Other | — | — | — | 17 | 10 | 27 | ||||||||||||||||||||||||||
Long-Term Debt(b) | 400 | 300 | 325 | 907 | 34 | 1,966 | ||||||||||||||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||||||||||||
Deferred income taxes | — | — | — | 290 | — | 290 | ||||||||||||||||||||||||||
Asset retirement obligations | — | — | — | 26 | — | 26 | ||||||||||||||||||||||||||
Other | 1 | — | — | 17 | 13 | 31 | ||||||||||||||||||||||||||
Total liabilities | $ | 401 | $ | 300 | $ | 325 | $ | 1,335 | $ | 71 | $ | 2,432 | ||||||||||||||||||||
Net assets of consolidated variable interest entities | $ | 273 | $ | 117 | $ | 270 | $ | 327 | $ | 22 | $ | 1,009 | ||||||||||||||||||||
(a) Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||
(b) Non-recourse to the general assets of the applicable registrant. | ||||||||||||||||||||||||||||||||
These entities have no requirement to provide liquidity to purchase assets of, or guarantee performance of, these VIEs unless noted in the following paragraphs. | ||||||||||||||||||||||||||||||||
DERF / DEPR / DEFR | ||||||||||||||||||||||||||||||||
Duke Energy Receivables Finance Company, LLC (DERF), Duke Energy Progress Receivables Company, LLC (DEPR), and Duke Energy Florida Receivables Company, LLC (DEFR) are bankruptcy remote, special purpose subsidiaries of Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida, respectively. On a daily basis, DERF, DEPR, and DEFR buy certain accounts receivable arising from the sale of electricity and/or related services from Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida. DERF, DEPR, and DEFR are wholly owned limited liability companies with separate legal existence from their parents, and their assets are not generally available to creditors of Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida. DERF, DEPR, and DEFR borrow amounts under credit facilities to buy the receivables. Borrowings are limited to the amount of qualified receivables sold, which is expected to be in excess of the credit facilities. The credit facilities are reflected on the Condensed Consolidated Balance Sheets as Long-Term Debt. The secured credit facilities were not structured to meet the criteria for sale accounting treatment under the accounting guidance for transfers and servicing of financial assets. | ||||||||||||||||||||||||||||||||
The most significant activity that impacts the economic performance of DERF, DEPR, and DEFR are the decisions made to manage delinquent receivables. Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida consolidate DERF, DEPR, and DEFR, respectively, as they make those decisions. | ||||||||||||||||||||||||||||||||
The following table outlines amounts and expiration dates of the credit facilities. | ||||||||||||||||||||||||||||||||
DERF | DEPR | DEFR | ||||||||||||||||||||||||||||||
Credit facility amount (in millions) | $ | 400 | $ | 300 | $ | 225 | ||||||||||||||||||||||||||
Expiration date | Oct-16 | Dec-16 | Mar-17 | |||||||||||||||||||||||||||||
CRC | ||||||||||||||||||||||||||||||||
On a revolving basis, CRC buys certain accounts receivable arising from the sale of electricity and/or related services from Duke Energy Ohio and Duke Energy Indiana. Receivables sold are securitized by CRC through a facility managed by two unrelated third parties. The proceeds Duke Energy Ohio and Duke Energy Indiana receive from the sale of receivables to CRC are typically 75 percent cash and 25 percent in the form of a subordinated note from CRC. The subordinated note is a retained interest in the receivables sold. Cash collections from the receivables are the sole source of funds to satisfy the related debt obligation. Depending on experience with collections, additional equity infusions to CRC may be required by Duke Energy to maintain a minimum equity balance of $3 million. There were no infusions to CRC during the three or nine months ended September 30, 2014 and 2013, respectively. Borrowing is limited to the amount of qualified receivables sold, which is expected to be in excess of the credit facility. The credit facility expires in November 2016 and is reflected on the Condensed Consolidated Balance Sheets as Long-Term Debt. | ||||||||||||||||||||||||||||||||
CRC is considered a VIE because (i) equity capitalization is insufficient to support its operations, (ii) power to direct the most significant activities that impact economic performance of the entity are not performed by the equity holder, Cinergy, and (iii) deficiencies in net worth of CRC are not funded by Cinergy, but by Duke Energy. The most significant activity of CRC relates to the decisions made with respect to the management of delinquent receivables. Duke Energy consolidates CRC as it makes these decisions. Neither Duke Energy Ohio nor Duke Energy Indiana consolidate CRC. | ||||||||||||||||||||||||||||||||
Renewables | ||||||||||||||||||||||||||||||||
Certain of Duke Energy’s renewable energy facilities are VIEs due to power purchase agreements with terms that approximate the expected life of the projects. These fixed price agreements effectively transfer commodity price risk to the buyer of the power. Certain other of Duke Energy’s renewable energy facilities are VIEs due to Duke Energy issuing guarantees for debt service and operations and maintenance reserves in support of debt financings. Assets are restricted and cannot be pledged as collateral or sold to third parties without prior approval of debt holders. The most significant activities that impact the economic performance of these renewable energy facilities were decisions associated with siting, negotiating purchase power agreements, engineering, procurement and construction, and decisions associated with ongoing operations and maintenance-related activities. Duke Energy consolidates the entities as it makes all of these decisions. | ||||||||||||||||||||||||||||||||
NON-CONSOLIDATED VIEs | ||||||||||||||||||||||||||||||||
The tables below show VIEs not consolidated and how these entities impact the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy | Duke Energy | ||||||||||||||||||||||||||||||
(in millions) | Renewables | Other | Total | Ohio | Indiana | |||||||||||||||||||||||||||
Receivables | $ | — | $ | — | $ | — | $ | 49 | $ | 76 | ||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 149 | 3 | 152 | — | $ | — | ||||||||||||||||||||||||||
Investments and other assets | — | 4 | 4 | — | — | |||||||||||||||||||||||||||
Total assets | $ | 149 | $ | 7 | $ | 156 | $ | 49 | $ | 76 | ||||||||||||||||||||||
Other current liabilities | $ | — | $ | 2 | $ | 2 | $ | — | $ | — | ||||||||||||||||||||||
Deferred credits and other liabilities | — | 14 | 14 | — | — | |||||||||||||||||||||||||||
Total liabilities | $ | — | $ | 16 | $ | 16 | $ | — | $ | — | ||||||||||||||||||||||
Net assets (liabilities) | $ | 149 | $ | (9 | ) | $ | 140 | $ | 49 | $ | 76 | |||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||
(in millions) | Renewables | Other | Total | |||||||||||||||||||||||||||||
Receivables | $ | — | $ | — | $ | — | $ | 114 | $ | 143 | ||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 153 | 60 | 213 | — | — | |||||||||||||||||||||||||||
Intangibles, net | — | 96 | 96 | 96 | — | |||||||||||||||||||||||||||
Investments and other assets | — | 4 | 4 | — | — | |||||||||||||||||||||||||||
Total assets | $ | 153 | $ | 160 | $ | 313 | $ | 210 | $ | 143 | ||||||||||||||||||||||
Other current liabilities | $ | — | $ | 3 | $ | 3 | $ | — | $ | — | ||||||||||||||||||||||
Deferred credits and other liabilities | — | 15 | 15 | — | — | |||||||||||||||||||||||||||
Total liabilities | $ | — | $ | 18 | $ | 18 | $ | — | $ | — | ||||||||||||||||||||||
Net assets | $ | 153 | $ | 142 | $ | 295 | $ | 210 | $ | 143 | ||||||||||||||||||||||
The Duke Energy Registrants are not aware of any situations where the maximum exposure to loss significantly exceeds the carrying values shown above except for the power purchase agreement with OVEC, which is discussed below, and various guarantees (See Note 5), reflected in the table above as Deferred credits and other liabilities. | ||||||||||||||||||||||||||||||||
Renewables | ||||||||||||||||||||||||||||||||
Duke Energy has investments in various renewable energy project entities. Some of these entities are VIEs due to power purchase agreements with terms that approximate the expected life of the project. These fixed price agreements effectively transfer commodity price risk to the buyer of the power. Duke Energy does not consolidate these VIEs because power to direct and control key activities is shared jointly by Duke Energy and other owners. | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
At December 31, 2013, the most significant of the Other non-consolidated VIEs is Duke Energy Ohio’s 9 percent ownership interest in OVEC. Through its ownership interest in OVEC, Duke Energy Ohio has a contractual arrangement to buy power from OVEC’s power plants through June 2040. Proceeds from the sale of power by OVEC to its power purchase agreement counterparties are designed to be sufficient to meet its operating expenses, fixed costs, debt amortization and interest expense, as well as earn a return on equity. Accordingly, the value of this contract is subject to variability due to fluctuations in power prices and changes in OVEC’s costs of business, including costs associated with its 2,256 MW of coal-fired generation capacity. The initial carrying value of this contract was recorded as an intangible asset when Duke Energy acquired Cinergy in April 2006. The carrying amount of OVEC, including this intangible asset, was fully impaired at September 30, 2014. | ||||||||||||||||||||||||||||||||
CRC | ||||||||||||||||||||||||||||||||
See discussion under Consolidated VIEs for additional information related to CRC. | ||||||||||||||||||||||||||||||||
Amounts included in Receivables in the above table for Duke Energy Ohio and Duke Energy Indiana reflect their retained interest in receivables sold to CRC. These subordinated notes held by Duke Energy Ohio and Duke Energy Indiana are stated at fair value and are classified within Receivables in their Condensed Consolidated Balance Sheets. Carrying values of retained interests are determined by allocating carrying value of the receivables between assets sold and interests retained based on relative fair value. The allocated bases of the subordinated notes are not materially different than their face value because (i) the receivables generally turnover in less than two months, (ii) credit losses are reasonably predictable due to the broad customer base and lack of significant concentration, and (iii) the equity in CRC is subordinate to all retained interests and thus would absorb losses first. The hypothetical effect on fair value of the retained interests assuming both a 10 percent and a 20 percent unfavorable variation in credit losses or discount rates is not material due to the short turnover of receivables and historically low credit loss history. Interest accrues to Duke Energy Ohio and Duke Energy Indiana on the retained interests using the acceptable yield method. This method generally approximates the stated rate on the notes since the allocated basis and the face value are nearly equivalent. An impairment charge is recorded against the carrying value of both retained interests and purchased beneficial interest whenever it is determined that an other-than-temporary impairment has occurred. | ||||||||||||||||||||||||||||||||
Key assumptions used in estimating fair value are detailed in the following table. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Anticipated credit loss ratio | 0.6 | % | 0.6 | % | 0.3 | % | 0.3 | % | ||||||||||||||||||||||||
Discount rate | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||||||||||||||||||
Receivable turnover rate | 12.8 | % | 12.8 | % | 10.5 | % | 10.3 | % | ||||||||||||||||||||||||
The following table shows the gross and net receivables sold. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Receivables sold | $ | 216 | $ | 290 | $ | 287 | $ | 340 | ||||||||||||||||||||||||
Less: Retained interests | 49 | 114 | 76 | 143 | ||||||||||||||||||||||||||||
Net receivables sold | $ | 167 | $ | 176 | $ | 211 | $ | 197 | ||||||||||||||||||||||||
The following table shows sales and cash flows related to receivables sold. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Sales | ||||||||||||||||||||||||||||||||
Receivables sold | $ | 477 | $ | 514 | $ | 1,705 | $ | 1,664 | $ | 739 | $ | 765 | $ | 2,173 | $ | 2,214 | ||||||||||||||||
Loss recognized on sale | 3 | 3 | 9 | 9 | 3 | 2 | 8 | 8 | ||||||||||||||||||||||||
Cash flows | ||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 494 | 518 | 1,761 | 1,674 | 759 | 758 | 2,233 | 2,204 | ||||||||||||||||||||||||
Collection fees received | — | — | 1 | 1 | — | — | 1 | 1 | ||||||||||||||||||||||||
Return received on retained interests | — | 1 | 3 | 4 | 2 | 2 | 5 | 5 | ||||||||||||||||||||||||
Cash flows from sales of receivables are reflected within Operating Activities on Duke Energy Ohio’s and Duke Energy Indiana’s Condensed Consolidated Statements of Cash Flows. | ||||||||||||||||||||||||||||||||
Collection fees received in connection with servicing transferred accounts receivable are included in Operation, maintenance and other on Duke Energy Ohio’s and Duke Energy Indiana’s Condensed Consolidated Statements of Operations and Comprehensive Income. The loss recognized on sales of receivables is calculated monthly by multiplying receivables sold during the month by the required discount. The required discount is derived monthly utilizing a three-year weighted average formula that considers charge-off history, late charge history, and turnover history on the sold receivables, as well as a component for the time value of money. The discount rate, or component for the time value of money, is calculated monthly by summing the prior month-end London Interbank Offered Rate (LIBOR) plus a fixed rate of 1.00 percent. |
Common_Stock
Common Stock | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Common Stock | ' | |||||||||||||||
COMMON STOCK | ||||||||||||||||
Basic Earnings Per Share (EPS) is computed by dividing net income attributable to Duke Energy common shareholders, adjusted for distributed and undistributed earnings allocated to participating securities, by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Duke Energy common shareholders, as adjusted for distributed and undistributed earnings allocated to participating securities, by the diluted weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, phantom shares and stock-based performance unit awards, were exercised or settled. Duke Energy’s participating securities are restricted stock units that are entitled to dividends declared on Duke Energy common shares during the restricted stock unit’s vesting periods. | ||||||||||||||||
The following table presents Duke Energy’s basic and diluted EPS calculations and reconciles the weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions, except per share amounts) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders | $ | 887 | $ | 942 | $ | 2,351 | $ | 1,884 | ||||||||
Weighted-average shares outstanding - basic | 707 | 706 | 707 | 706 | ||||||||||||
Weighted-average shares outstanding - diluted | 707 | 706 | 707 | 706 | ||||||||||||
Earnings per share from continuing operations attributable to Duke Energy common shareholders | ||||||||||||||||
Basic | $ | 1.25 | $ | 1.33 | $ | 3.33 | $ | 2.67 | ||||||||
Diluted | $ | 1.25 | $ | 1.33 | $ | 3.33 | $ | 2.67 | ||||||||
Potentially dilutive items excluded from the calculation(a) | 2 | 2 | ||||||||||||||
Dividends declared per common share | $ | 0.795 | $ | 0.78 | $ | 2.355 | $ | 2.31 | ||||||||
(a) | Stock options and performance and unvested stock awards were not included in the dilutive securities calculation because either the option exercise prices were greater than the average market price of the common shares during those periods, or performance measures related to the awards had not yet been met. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||
STOCK-BASED COMPENSATION | ||||||||||||||||
For employee awards, equity classified stock-based compensation cost is measured at the service inception date or the grant date, based on the estimated achievement of certain performance metrics or the fair value of the award, and is recognized as expense or capitalized as a component of property, plant and equipment over the requisite service period. | ||||||||||||||||
Duke Energy recorded pretax stock-based compensation expense as follows. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Stock options | — | $ | — | — | $ | 2 | ||||||||||
Restricted stock unit awards | 8 | 10 | 30 | 36 | ||||||||||||
Performance awards | 4 | 7 | 14 | 25 | ||||||||||||
Total | $ | 12 | $ | 17 | $ | 44 | $ | 63 | ||||||||
Tax benefit associated with stock-based compensation expense | $ | 5 | $ | 6 | 17 | $ | 24 | |||||||||
Stock-based compensation costs capitalized | 1 | 1 | 3 | 3 | ||||||||||||
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||||
DEFINED BENEFIT RETIREMENT PLANS | ||||||||||||||||||||||||||||
Duke Energy maintains, and the Subsidiary Registrants participate in, qualified, non-contributory defined benefit retirement plans. The plans cover most U.S. employees using a cash balance formula. Under a cash balance formula, a plan participant accumulates a retirement benefit consisting of pay credits based upon a percentage of current eligible earnings based on age and/or years of service and interest credits. Certain employees are covered under plans that use a final average earnings formula. Under these average earnings formulas, a plan participant accumulates a retirement benefit equal to the sum of percentages of their (i) highest three-year or four-year average earnings, (ii) highest three-year or four-year average earnings in excess of covered compensation per year of participation (maximum of 35 years), and/or (iii) highest three-year or four-year average earnings times years of participation in excess of 35 years. Duke Energy also maintains, and the Subsidiary Registrants participate in, non-qualified, non-contributory defined benefit retirement plans which cover certain executives. As of January 1, 2014, the qualified and non-qualified non-contributory defined benefit plans are closed to new and rehired non-union and certain unionized employees. | ||||||||||||||||||||||||||||
Duke Energy uses a December 31 measurement date for its defined benefit retirement plan assets and obligations. | ||||||||||||||||||||||||||||
Duke Energy’s policy is to fund amounts on an actuarial basis to provide assets sufficient to meet benefit payments to be paid to plan participants. Duke Energy made contributions directly to pension plan assets during the three and nine months ended September 30, 2013 of $27 million, all of which relates to Duke Energy Florida. Duke Energy did not make any contributions to its qualified defined benefit retirement plans during the nine months ended September 30, 2014. | ||||||||||||||||||||||||||||
Net periodic benefit costs disclosed in the tables below represent the cost of the respective benefit plan for the periods presented. However, portions of the net periodic benefit costs disclosed in the tables below have been capitalized as a component of property, plant and equipment. Amounts presented in the tables below for the Subsidiary Registrants represent the amounts of pension and other post-retirement benefit cost allocated by Duke Energy for employees of the Subsidiary Registrants. Additionally, the Subsidiary Registrants are allocated their proportionate share of pension and post-retirement benefit cost for employees of Duke Energy’s shared services affiliate that provide support to the Subsidiary Registrants. These allocated amounts are included in the governance and shared service costs discussed in Note 9. | ||||||||||||||||||||||||||||
QUALIFIED PENSION PLANS | ||||||||||||||||||||||||||||
The following tables include the components of net periodic pension costs for qualified pension plans. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 34 | $ | 10 | $ | 10 | $ | 6 | $ | 5 | $ | 1 | $ | 3 | ||||||||||||||
Interest cost on projected benefit obligation | 86 | 22 | 28 | 13 | 14 | 5 | 7 | |||||||||||||||||||||
Expected return on plan assets | (128 | ) | (33 | ) | (44 | ) | (21 | ) | (21 | ) | (7 | ) | (10 | ) | ||||||||||||||
Amortization of actuarial loss | 37 | 8 | 17 | 8 | 8 | 1 | 3 | |||||||||||||||||||||
Amortization of prior service credit | (4 | ) | (2 | ) | — | — | — | — | — | |||||||||||||||||||
Other | 3 | 1 | 1 | — | — | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 28 | $ | 6 | $ | 12 | $ | 6 | $ | 6 | $ | — | $ | 3 | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 41 | $ | 12 | $ | 15 | $ | 6 | $ | 8 | $ | 1 | $ | 2 | ||||||||||||||
Interest cost on projected benefit obligation | 80 | 20 | 29 | 13 | 13 | 5 | 7 | |||||||||||||||||||||
Expected return on plan assets | (137 | ) | (37 | ) | (50 | ) | (24 | ) | (21 | ) | (7 | ) | (11 | ) | ||||||||||||||
Amortization of actuarial loss | 61 | 15 | 26 | 11 | 12 | 3 | 6 | |||||||||||||||||||||
Amortization of prior service credit | (2 | ) | (2 | ) | (1 | ) | (1 | ) | (1 | ) | — | — | ||||||||||||||||
Other | 2 | 1 | — | 1 | — | — | 1 | |||||||||||||||||||||
Net periodic pension costs | $ | 45 | $ | 9 | $ | 19 | $ | 6 | $ | 11 | $ | 2 | $ | 5 | ||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 102 | $ | 31 | $ | 30 | $ | 16 | $ | 15 | $ | 3 | $ | 7 | ||||||||||||||
Interest cost on projected benefit obligation | 258 | 64 | 84 | 40 | 43 | 15 | 22 | |||||||||||||||||||||
Expected return on plan assets | (383 | ) | (99 | ) | (130 | ) | (64 | ) | (64 | ) | (20 | ) | (30 | ) | ||||||||||||||
Amortization of actuarial loss | 111 | 26 | 51 | 24 | 24 | 3 | 9 | |||||||||||||||||||||
Amortization of prior service credit | (11 | ) | (6 | ) | (2 | ) | (1 | ) | (1 | ) | — | — | ||||||||||||||||
Other | 6 | 2 | 2 | 1 | 1 | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 83 | $ | 18 | $ | 35 | $ | 16 | $ | 18 | $ | 1 | $ | 8 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 125 | $ | 37 | $ | 45 | $ | 17 | $ | 23 | $ | 4 | $ | 8 | ||||||||||||||
Interest cost on projected benefit obligation | 240 | 60 | 87 | 38 | 40 | 16 | 21 | |||||||||||||||||||||
Expected return on plan assets | (411 | ) | (111 | ) | (149 | ) | (71 | ) | (65 | ) | (22 | ) | (33 | ) | ||||||||||||||
Amortization of actuarial loss | 183 | 45 | 76 | 34 | 37 | 9 | 17 | |||||||||||||||||||||
Amortization of prior service credit | (8 | ) | (5 | ) | (3 | ) | (1 | ) | (2 | ) | — | — | ||||||||||||||||
Other | 5 | 2 | 1 | 1 | — | — | 1 | |||||||||||||||||||||
Net periodic pension costs | $ | 134 | $ | 28 | $ | 57 | $ | 18 | $ | 33 | $ | 7 | $ | 14 | ||||||||||||||
NON-QUALIFIED PENSION PLANS | ||||||||||||||||||||||||||||
The following tables include the components of net periodic pension costs for non-qualified pension plans for registrants with non-qualified pension costs. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 3 | 1 | 2 | — | — | |||||||||||||||||||||||
Amortization of actuarial loss | 1 | — | — | — | — | |||||||||||||||||||||||
Amortization of prior service credit | — | — | (1 | ) | — | — | ||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | 1 | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 1 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 3 | — | 1 | — | — | |||||||||||||||||||||||
Amortization of actuarial loss | 1 | — | 1 | 1 | 1 | |||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | — | $ | 3 | $ | 2 | $ | 1 | ||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 4 | 1 | 1 | |||||||||||||||||||||||
Amortization of actuarial loss | 2 | — | 1 | — | — | |||||||||||||||||||||||
Amortization of prior service credit | — | — | (1 | ) | — | — | ||||||||||||||||||||||
Net periodic pension costs | $ | 14 | $ | 1 | $ | 5 | $ | 2 | $ | 1 | ||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | |||||||||||||||||||||||
Amortization of actuarial loss | 4 | — | 3 | 1 | 1 | |||||||||||||||||||||||
Amortization of prior service credit | (1 | ) | — | (1 | ) | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | ||||||||||||||||||
OTHER POST-RETIREMENT BENEFIT PLANS | ||||||||||||||||||||||||||||
Duke Energy provides, and the Subsidiary Registrants participate in, some health care and life insurance benefits for retired employees on a contributory and non-contributory basis. Employees are eligible for these benefits if they have met age and service requirements at retirement, as defined in the plans. The health care benefits include medical, dental, and prescription drug coverage and are subject to certain limitations, such as deductibles and co-payments. | ||||||||||||||||||||||||||||
Duke Energy uses a December 31 measurement date for its other post-retirement benefit plan assets and obligations. However, due to the impact of certain changes in Legacy Progress Energy health care benefits announced in September 2013, Duke Energy remeasured its Legacy Progress Energy other post-retirement benefit plan obligation as of September 30, 2013. There are no plan assets associated with the Legacy Progress Energy other post-retirement benefit plan. The discount rate used for the remeasurement was 4.7%. The health care cost trend rate of 8.5% reduces to 5.0% over eight years. The mortality tables were updated to account for mortality improvement. | ||||||||||||||||||||||||||||
Duke Energy did not make any contributions to its other post-retirement benefit plans during the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||
The following tables include the components of net periodic other post-retirement benefit costs. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | ||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | — | $ | — | $ | — | ||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 13 | 3 | 6 | 3 | 3 | 1 | ||||||||||||||||||||||
Expected return on plan assets | (3 | ) | (2 | ) | — | — | — | — | ||||||||||||||||||||
Amortization of actuarial loss | 9 | 1 | 10 | 8 | 3 | — | ||||||||||||||||||||||
Amortization of prior service credit | (31 | ) | (3 | ) | (24 | ) | (19 | ) | (5 | ) | — | |||||||||||||||||
Net periodic other post-retirement benefit costs | $ | (10 | ) | $ | (1 | ) | $ | (7 | ) | $ | (8 | ) | $ | 1 | $ | 1 | ||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | ||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | 1 | ||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | 1 | ||||||||||||||||||||||
Expected return on plan assets | (4 | ) | (2 | ) | — | — | — | (1 | ) | |||||||||||||||||||
Amortization of actuarial loss | 13 | — | 13 | 8 | 4 | 1 | ||||||||||||||||||||||
Amortization of prior service credit | (3 | ) | (2 | ) | — | — | — | — | ||||||||||||||||||||
Net periodic other post-retirement benefit costs | $ | 32 | $ | — | $ | 31 | $ | 18 | $ | 11 | $ | 2 | ||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 3 | $ | 1 | $ | 2 | $ | — | $ | — | ||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 38 | 9 | 17 | 8 | 9 | 1 | 4 | |||||||||||||||||||||
Expected return on plan assets | (9 | ) | (6 | ) | — | — | — | — | (1 | ) | ||||||||||||||||||
Amortization of actuarial loss (gain) | 29 | 2 | 31 | 23 | 8 | (1 | ) | — | ||||||||||||||||||||
Amortization of prior service credit | (94 | ) | (8 | ) | (71 | ) | (55 | ) | (16 | ) | — | — | ||||||||||||||||
Net periodic other post-retirement benefit costs | $ | (29 | ) | $ | (2 | ) | $ | (20 | ) | $ | (23 | ) | $ | 3 | $ | — | $ | 3 | ||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 21 | $ | 2 | $ | 17 | $ | 9 | $ | 6 | $ | — | $ | 1 | ||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 55 | 9 | 35 | 19 | 13 | 1 | 4 | |||||||||||||||||||||
Expected return on plan assets | (11 | ) | (7 | ) | — | — | — | — | (1 | ) | ||||||||||||||||||
Amortization of actuarial loss (gain) | 39 | 2 | 42 | 26 | 12 | (1 | ) | 1 | ||||||||||||||||||||
Amortization of prior service credit | (9 | ) | (6 | ) | (1 | ) | (1 | ) | — | — | — | |||||||||||||||||
Net periodic other post-retirement benefit costs | $ | 95 | $ | — | $ | 93 | $ | 53 | $ | 31 | $ | — | $ | 5 | ||||||||||||||
EMPLOYEE SAVINGS PLANS | ||||||||||||||||||||||||||||
Duke Energy sponsors and the Subsidiary Registrants participate in, employee savings plans that cover substantially all U.S. employees. Most employees participate in a matching contribution formula where Duke Energy provides a matching contribution generally equal to 100 percent of employee before-tax and Roth 401(k) contributions and, as applicable, after-tax contributions of up to 6 percent of eligible pay per pay period. Dividends on Duke Energy shares held by the savings plans are charged to retained earnings when declared and shares held in the plans are considered outstanding in the calculation of basic and diluted earnings per share. | ||||||||||||||||||||||||||||
As of January 1, 2014, for new and rehired non-union and certain unionized employees who are not eligible to participate in Duke Energy’s defined benefit plans, an additional employer contribution of 4 percent of eligible pay per pay period is provided to the employee’s savings plan account, which is subject to a three-year vesting schedule. | ||||||||||||||||||||||||||||
The following table includes pretax employer matching contributions made by Duke Energy and expensed by the Subsidiary Registrants. | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||||||||||||||
2014(a) | $ | 30 | $ | 10 | $ | 10 | $ | 7 | $ | 3 | $ | — | $ | 1 | ||||||||||||||
2013 | 30 | 10 | 12 | 7 | 4 | — | 2 | |||||||||||||||||||||
Nine Months Ended September 30, | ||||||||||||||||||||||||||||
2014(a) | $ | 110 | $ | 36 | $ | 33 | $ | 23 | $ | 10 | $ | 2 | $ | 5 | ||||||||||||||
2013 | 101 | 34 | 34 | 19 | 11 | 2 | 5 | |||||||||||||||||||||
(a) | For the three and nine months ended September 30, 2014, amounts include the additional contribution of 4 percent of eligible pay per pay period for employees not eligible to participate in a defined benefit plan. |
Income_Taxes
Income Taxes | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
INCOME TAXES | ||||||||||||
The effective tax rates from continuing operations for each of the Duke Energy Registrants are included in the following table. | ||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Duke Energy | 34 | % | 30.9 | % | 31.4 | % | 32.3 | % | ||||
Duke Energy Carolinas | 33.9 | % | 37.9 | % | 33.7 | % | 37.5 | % | ||||
Progress Energy | 37.1 | % | 38.8 | % | 37.3 | % | 38.1 | % | ||||
Duke Energy Progress | 36.3 | % | 35.7 | % | 36.6 | % | 37.3 | % | ||||
Duke Energy Florida | 38.5 | % | 40 | % | 38.6 | % | 40 | % | ||||
Duke Energy Ohio | 38.3 | % | 35.9 | % | 34.9 | % | 36.5 | % | ||||
Duke Energy Indiana | 31.6 | % | 36.6 | % | 35.2 | % | 37.2 | % | ||||
The increase in the effective tax rate for Duke Energy for the three months ended September 30, 2014 is primarily due to a favorable deferred state tax adjustment in the third quarter of 2013. | ||||||||||||
The decrease in the effective tax rate for Duke Energy Carolinas for the three months ended September 30, 2014 is primarily due to an increase in the tax benefit related to the manufacturing deduction in 2014 as the prior year deduction was limited by taxable income. The decrease in the effective tax rate for Duke Energy Carolinas for the nine months ended September 30, 2014 is primarily due to favorable audit settlements, changes in apportionment related to state income tax, and the tax benefit related to the manufacturing deduction in 2014 as the prior year deduction was limited by taxable income. | ||||||||||||
The decrease in the effective tax rate for Progress Energy for the three months ended September 30, 2014 is primarily due to certain nondeductible book depreciation. | ||||||||||||
The decrease in the effective tax rate for Duke Energy Florida for the three and nine months ended September 30, 2014 is primarily due to certain nondeductible book depreciation. | ||||||||||||
The increase in the effective tax rate for Duke Energy Ohio for the three months ended September 30, 2014 is primarily due to an increase in the tax benefit related to the manufacturing deduction. The decrease in the effective tax rate for Duke Energy Ohio for the nine months ended September 30, 2014 is primarily due to certain nondeductible book depreciation. | ||||||||||||
The decrease in the effective tax rate for Duke Energy Indiana for the three and nine months ended September 30, 2014 is primarily due to a reduction in the statutory Indiana corporate income tax rate and a prior period audit settlement. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
SUBSEQUENT EVENTS | |
For information on subsequent events related to acquisitions and dispositions, regulatory matters, commitments and contingencies, and debt and credit facilities see Notes 2, 4, 5, and 6, respectively. |
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation (Policy) | 9 Months Ended |
Sep. 30, 2014 | |
Policy Text Block [Line Items] | ' |
Nature of Operations and Basis of Consolidation | ' |
NATURE OF OPERATIONS AND BASIS OF CONSOLIDATION | |
Duke Energy Corporation (collectively with its subsidiaries, Duke Energy) is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the Federal Energy Regulatory Commission (FERC). Duke Energy operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. Duke Energy’s subsidiaries include its subsidiary registrants, Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, Inc. (Duke Energy Progress); Duke Energy Florida, Inc. (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy Indiana, Inc. (Duke Energy Indiana). When discussing Duke Energy’s consolidated financial information, it necessarily includes the results of its six separate subsidiary registrants (collectively referred to as the Subsidiary Registrants), which, along with Duke Energy, are collectively referred to as the Duke Energy Registrants (Duke Energy Registrants). | |
These Condensed Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and subsidiaries where the respective Duke Energy Registrants have control. These Condensed Consolidated Financial Statements also reflect the Duke Energy Registrants’ proportionate share of certain jointly owned generation and transmission facilities. | |
Duke Energy Carolinas is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), Public Service Commission of South Carolina (PSCSC), U.S. Nuclear Regulatory Commission (NRC) and FERC. Substantially all of Duke Energy Carolinas’ operations qualify for regulatory accounting. | |
Progress Energy is a public utility holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. Substantially all of Progress Energy’s operations qualify for regulatory accounting. | |
Duke Energy Progress is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, PSCSC, NRC and FERC. Substantially all of Duke Energy Progress’ operations qualify for regulatory accounting. | |
Duke Energy Florida is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory provisions of the Florida Public Service Commission (FPSC), NRC and FERC. Substantially all of Duke Energy Florida’s operations qualify for regulatory accounting. | |
Duke Energy Ohio is a regulated public utility primarily engaged in the generation, transmission and distribution of electricity and the transportation and sale of natural gas in portions of Ohio and Kentucky. Operations in Kentucky are conducted through its wholly owned subsidiary, Duke Energy Kentucky, Inc. (Duke Energy Kentucky). Duke Energy Ohio conducts competitive auctions for retail electricity supply in Ohio whereby the energy price is recovered from retail customers. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. Duke Energy Ohio is subject to the regulatory provisions of the Public Utilities Commission of Ohio (PUCO), Kentucky Public Service Commission (KPSC) and FERC. Duke Energy Ohio applies regulatory accounting to a portion of its operations. Duke Energy has agreed to sell Duke Energy Ohio's nonregulated Midwest generation business, which sells power into wholesale energy markets, to Dynegy Inc. (Dynegy). See Note 2 for additional information. | |
Duke Energy Indiana is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and FERC. Substantially all of Duke Energy Indiana’s operations qualify for regulatory accounting. | |
Basis of Accounting | ' |
BASIS OF PRESENTATION | |
These Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all information and notes required by GAAP in the U.S. for annual financial statements. Because the interim Condensed Consolidated Financial Statements and Notes do not include all information and notes required by GAAP in the U.S. for annual financial statements, the Condensed Consolidated Financial Statements and other information included in this quarterly report should be read in conjunction with the Consolidated Financial Statements and Notes in the Duke Energy Registrants’ combined Annual Report on Form 10-K for the year ended December 31, 2013. | |
On August 21, 2014, Duke Energy Commercial Enterprises, Inc., an indirect wholly owned subsidiary of Duke Energy Corporation, and Duke Energy SAM, LLC, a wholly owned subsidiary of Duke Energy Ohio, entered into a purchase and sale agreement (PSA) with a subsidiary of Dynegy whereby Dynegy will acquire Duke Energy Ohio’s nonregulated Midwest generation business (Disposal Group). The results of operations of the nonregulated Midwest generation business have been classified as Discontinued Operations on the Condensed Consolidated Statements of Operations for the current and prior periods presented. Duke Energy has elected to present cash flows of discontinued operations combined with cash flows of continuing operations. See Note 2 for additional information. | |
These Condensed Consolidated Financial Statements reflect all normal recurring adjustments in the opinion of the respective companies’ management, necessary to fairly present the financial position and results of operations of each of the Duke Energy Registrants. Amounts reported in Duke Energy’s interim Condensed Consolidated Statements of Operations and each of the Subsidiary Registrants’ interim Condensed Consolidated Statements of Operations and Comprehensive Income are not necessarily indicative of amounts expected for the respective annual periods due to effects of seasonal temperature variations on energy consumption, regulatory rulings, timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, and other factors. | |
Use of Estimates | ' |
In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | |
Unbilled Revenue | ' |
UNBILLED REVENUE | |
Revenues on sales of electricity and gas are recognized when service is provided. Unbilled revenues are recognized by applying customer billing rates to the estimated volumes of energy delivered but not yet billed. Unbilled revenues can vary significantly from period to period as a result of seasonality, weather, customer usage patterns and meter reading schedules. | |
Unbilled revenues are included within Receivables and Restricted receivables of variable interest entities on the Condensed Consolidated Balance Sheets as shown in the following table. | |
Duke Energy Ohio [Member] | ' |
Policy Text Block [Line Items] | ' |
Unbilled Revenue | ' |
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail accounts receivable, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 13 for further information. | |
Duke Energy Indiana [Member] | ' |
Policy Text Block [Line Items] | ' |
Unbilled Revenue | ' |
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail accounts receivable, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 13 for further information. |
Organization_and_Basis_of_Pres2
Organization and Basis of Presentation (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | |||||||||||||||
Schedule of Excise Taxes | ' | |||||||||||||||
Excise taxes accounted for on a gross basis as operating revenues in the Condensed Consolidated Statements of Operations were as follows. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy | $ | 101 | $ | 168 | $ | 416 | $ | 457 | ||||||||
Duke Energy Carolinas | 4 | 46 | 93 | 124 | ||||||||||||
Progress Energy | 63 | 89 | 214 | 230 | ||||||||||||
Duke Energy Progress | — | 33 | 56 | 88 | ||||||||||||
Duke Energy Florida | 63 | 56 | 158 | 142 | ||||||||||||
Duke Energy Ohio | 24 | 24 | 80 | 77 | ||||||||||||
Duke Energy Indiana | 10 | 9 | 29 | 26 | ||||||||||||
Amounts Attributable to Controlling Interests | ' | |||||||||||||||
The following table presents Net Income Attributable to Duke Energy Corporation for continuing operations and discontinued operations for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy | Progress Energy | ||||||||||||
Income from Continuing Operations | $ | 891 | $ | 330 | $ | 946 | $ | 328 | ||||||||
Income of Continuing Operations Attributable to Noncontrolling Interests | 3 | 1 | 4 | 1 | ||||||||||||
Income from Continuing Operations Attributable to Duke Energy Corporation | $ | 888 | $ | 329 | $ | 942 | $ | 327 | ||||||||
Income From Discontinued Operations, net of tax | $ | 378 | $ | — | $ | 62 | $ | 14 | ||||||||
Loss of Discontinued Operations attributable to Noncontrolling Interests, net of tax | (8 | ) | — | — | — | |||||||||||
Discontinued Operations Attributable to Duke Energy Corporation, net of tax | $ | 386 | $ | — | $ | 62 | $ | 14 | ||||||||
Net income | $ | 1,269 | $ | 330 | $ | 1,008 | $ | 342 | ||||||||
Net (Loss) Income Attributable to Noncontrolling Interest | (5 | ) | 1 | 4 | 1 | |||||||||||
Net Income Attributable to Duke Energy Corporation | $ | 1,274 | $ | 329 | $ | 1,004 | $ | 341 | ||||||||
Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy | Progress Energy | ||||||||||||
Income from Continuing Operations | $ | 2,367 | $ | 741 | $ | 1,902 | $ | 469 | ||||||||
(Loss) Income of Continuing Operations Attributable to Noncontrolling Interests | 11 | 2 | 12 | 2 | ||||||||||||
Income from Continuing Operations Attributable to Duke Energy Corporation | $ | 2,356 | $ | 739 | $ | 1,890 | $ | 467 | ||||||||
(Loss) Income From Discontinued Operations, net of tax | $ | (578 | ) | $ | (6 | ) | $ | 82 | $ | 10 | ||||||
Income (Loss) of Discontinued Operations attributable to Noncontrolling Interests, net of tax | (8 | ) | — | (5 | ) | — | ||||||||||
Discontinued Operations Attributable to Duke Energy Corporation, net of tax | $ | (570 | ) | $ | (6 | ) | $ | 87 | $ | 10 | ||||||
Net income | $ | 1,789 | $ | 735 | $ | 1,984 | $ | 479 | ||||||||
Net Income Attributable to Noncontrolling Interest | 3 | 2 | 7 | 2 | ||||||||||||
Net Income Attributable to Duke Energy Corporation | $ | 1,786 | $ | 733 | $ | 1,977 | $ | 477 | ||||||||
Unbilled Revenues [Member] | ' | |||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | |||||||||||||||
Schedule Of Unbilled Revenues With Restricted Receivables | ' | |||||||||||||||
Unbilled revenues are included within Receivables and Restricted receivables of variable interest entities on the Condensed Consolidated Balance Sheets as shown in the following table. This table excludes amounts included in assets held for sale (AHFS). | ||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||
Duke Energy | $ | 798 | $ | 937 | ||||||||||||
Duke Energy Carolinas | 285 | 323 | ||||||||||||||
Progress Energy | 232 | 189 | ||||||||||||||
Duke Energy Progress | 131 | 120 | ||||||||||||||
Duke Energy Florida | 101 | 69 | ||||||||||||||
Duke Energy Ohio | — | 55 | ||||||||||||||
Duke Energy Indiana | 26 | 5 | ||||||||||||||
Duke Energy Ohio [Member] | Unbilled Revenues [Member] | ' | |||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | |||||||||||||||
Schedule Of Unbilled Revenues With Restricted Receivables | ' | |||||||||||||||
These receivables for unbilled revenues are shown in the table below. | ||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||
Duke Energy Ohio | $ | 54 | $ | 89 | ||||||||||||
Duke Energy Indiana | 94 | 144 | ||||||||||||||
Duke Energy Indiana [Member] | Unbilled Revenues [Member] | ' | |||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | |||||||||||||||
Schedule Of Unbilled Revenues With Restricted Receivables | ' | |||||||||||||||
These receivables for unbilled revenues are shown in the table below. | ||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||
Duke Energy Ohio | $ | 54 | $ | 89 | ||||||||||||
Duke Energy Indiana | 94 | 144 | ||||||||||||||
Acquisitions_and_Dispositions_
Acquisitions and Dispositions (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Generation Facilities of Disposal Group | ' | |||||||||||||||
The Disposal Group was included in the Commercial Power segment. The following table presents information related to the Duke Energy Ohio generation plants included in the Disposal Group. | ||||||||||||||||
Facility | Plant Type | Primary Fuel | Location | Total Average MW Capacity(c) | Owned Average MW Capacity(c) | Ownership Interest | ||||||||||
Stuart(a)(b) | Fossil Steam | Coal | OH | 2,318 | 904 | 39 | % | |||||||||
Zimmer(a) | Fossil Steam | Coal | OH | 1,338 | 622 | 46.5 | % | |||||||||
Hanging Rock | Combined Cycle | Gas | OH | 1,274 | 1,274 | 100 | % | |||||||||
Miami Fort (Units 7 and 8)(a) | Fossil Steam | Coal | OH | 1,020 | 653 | 64 | % | |||||||||
Conesville(a)(b) | Fossil Steam | Coal | OH | 780 | 312 | 40 | % | |||||||||
Washington | Combined Cycle | Gas | OH | 637 | 637 | 100 | % | |||||||||
Fayette | Combined Cycle | Gas | PA | 640 | 640 | 100 | % | |||||||||
Killen(a)(b) | Fossil Steam | Coal | OH | 618 | 204 | 33 | % | |||||||||
Lee | Combustion Turbine | Gas | IL | 640 | 640 | 100 | % | |||||||||
Dick's Creek | Combustion Turbine | Gas | OH | 136 | 136 | 100 | % | |||||||||
Miami Fort | Combustion Turbine | Oil | OH | 68 | 68 | 100 | % | |||||||||
Total Midwest Generation | 9,469 | 6,090 | ||||||||||||||
(a) | Jointly owned with Ohio Power Company and/or The Dayton Power & Light Company. | |||||||||||||||
(b) | Station is not operated by Duke Energy Ohio. | |||||||||||||||
(c) | Average MW capacity is calculated as the average of winter capacity and summer capacity. | |||||||||||||||
Income Statement Disclosures | ' | |||||||||||||||
Results of discontinued operations were as follows. | ||||||||||||||||
Duke Energy | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating Revenues | $ | 620 | $ | 491 | $ | 1,233 | $ | 1,369 | ||||||||
Estimated gain (loss) on disposition | 460 | — | (847 | ) | — | |||||||||||
Income (loss) before income taxes | $ | 623 | $ | 82 | $ | (864 | ) | $ | 126 | |||||||
Income tax expense (benefit) | 218 | 34 | (321 | ) | 43 | |||||||||||
Income (loss) from discontinued operations of the Disposal Group | 405 | 48 | (543 | ) | 83 | |||||||||||
Other, net of tax(a) | (27 | ) | 14 | (35 | ) | (1 | ) | |||||||||
Income (Loss) from Discontinued Operations, net of tax | $ | 378 | $ | 62 | $ | (578 | ) | $ | 82 | |||||||
(a) | Other discontinued operations relates to prior sales of businesses and includes indemnifications provided for certain legal, tax and environmental matters, and foreign currency translation adjustments. | |||||||||||||||
Duke Energy Ohio | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating Revenues | $ | 536 | $ | 389 | $ | 853 | $ | 1,054 | ||||||||
Estimated gain (loss) on disposition | 466 | — | (878 | ) | — | |||||||||||
Income (loss) before income taxes | $ | 647 | $ | 65 | $ | (917 | ) | $ | 71 | |||||||
Income tax expense (benefit) | 234 | 30 | (320 | ) | 32 | |||||||||||
Income (Loss) from Discontinued Operations, net of tax | $ | 413 | $ | 35 | $ | (597 | ) | $ | 39 | |||||||
Held for sale | ' | |||||||||||||||
The following table presents the carrying values of the major classes of Assets held for sale and Liabilities associated with assets held for sale included in the Disposal Group in the Condensed Consolidated Balance Sheets. Amounts included in the following table exclude certain other disposal groups which are not material and accordingly may not agree to amounts presented in the Duke Energy Condensed Consolidated Balance Sheets. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Duke Energy | Duke Energy Ohio | ||||||||||||||
Current assets | $ | 335 | $ | 284 | ||||||||||||
Investments and other assets | 43 | 38 | ||||||||||||||
Property, plant and equipment | 2,675 | 2,644 | ||||||||||||||
Total assets held for sale | $ | 3,053 | $ | 2,966 | ||||||||||||
Current liabilities | $ | 284 | $ | 269 | ||||||||||||
Deferred credits and other liabilities | 57 | 57 | ||||||||||||||
Total liabilities associated with assets held for sale | $ | 341 | $ | 326 | ||||||||||||
Business_Segments_Tables
Business Segments (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | |||||||||||||||||||||||||||
Business Segment Data | ' | |||||||||||||||||||||||||||
The following table summarizes the net loss for Other at each of these registrants. | ||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Duke Energy Carolinas | $ | (19 | ) | $ | (26 | ) | $ | (67 | ) | $ | (69 | ) | ||||||||||||||||
Progress Energy | (48 | ) | (72 | ) | (145 | ) | (205 | ) | ||||||||||||||||||||
Duke Energy Progress | (10 | ) | (20 | ) | (23 | ) | (40 | ) | ||||||||||||||||||||
Duke Energy Florida | (5 | ) | (6 | ) | (16 | ) | (18 | ) | ||||||||||||||||||||
Duke Energy Indiana | (3 | ) | (5 | ) | (10 | ) | (13 | ) | ||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues | $ | 5,975 | $ | 366 | $ | 50 | $ | 6,391 | $ | 4 | $ | — | $ | 6,395 | ||||||||||||||
Intersegment revenues | 11 | — | — | 11 | 21 | (32 | ) | — | ||||||||||||||||||||
Total revenues | $ | 5,986 | $ | 366 | $ | 50 | $ | 6,402 | $ | 25 | $ | (32 | ) | $ | 6,395 | |||||||||||||
Segment income (loss)(a) | $ | 920 | $ | 80 | $ | (17 | ) | $ | 983 | $ | (92 | ) | $ | (3 | ) | $ | 888 | |||||||||||
Add back noncontrolling interests component | 3 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 378 | |||||||||||||||||||||||||||
Net income | $ | 1,269 | ||||||||||||||||||||||||||
Segment assets | $ | 105,172 | $ | 5,159 | $ | 6,196 | $ | 116,527 | $ | 2,944 | $ | 185 | $ | 119,656 | ||||||||||||||
(a) Other includes costs to achieve the Progress Energy merger. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues(a) | $ | 5,768 | $ | 370 | $ | 56 | $ | 6,194 | $ | 23 | $ | — | $ | 6,217 | ||||||||||||||
Intersegment revenues | 18 | — | 2 | 20 | 24 | (44 | ) | — | ||||||||||||||||||||
Total revenues | $ | 5,786 | $ | 370 | $ | 58 | $ | 6,214 | $ | 47 | $ | (44 | ) | $ | 6,217 | |||||||||||||
Segment income (loss)(a)(b) | $ | 923 | $ | 116 | $ | (28 | ) | $ | 1,011 | $ | (64 | ) | $ | (5 | ) | $ | 942 | |||||||||||
Add back noncontrolling interests component | 4 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 62 | |||||||||||||||||||||||||||
Net income | $ | 1,008 | ||||||||||||||||||||||||||
(a) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities. | |||||||||||||||||||||||||||
(b) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues | $ | 17,041 | $ | 1,111 | $ | 195 | $ | 18,347 | $ | 19 | $ | — | $ | 18,366 | ||||||||||||||
Intersegment revenues | 33 | — | — | 33 | 60 | (93 | ) | — | ||||||||||||||||||||
Total revenues | $ | 17,074 | $ | 1,111 | $ | 195 | $ | 18,380 | $ | 79 | $ | (93 | ) | $ | 18,366 | |||||||||||||
Segment income (loss)(a)(b) | $ | 2,346 | $ | 356 | $ | (70 | ) | $ | 2,632 | $ | (269 | ) | $ | (7 | ) | $ | 2,356 | |||||||||||
Add back noncontrolling interests component | 11 | |||||||||||||||||||||||||||
Loss from discontinued operations, net of tax | (578 | ) | ||||||||||||||||||||||||||
Net income | $ | 1,789 | ||||||||||||||||||||||||||
(a) | Commercial Power recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. | |||||||||||||||||||||||||||
(b) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | International | Commercial | Total | Other | Eliminations | Consolidated | |||||||||||||||||||||
Energy | Power | Reportable | ||||||||||||||||||||||||||
Segments | ||||||||||||||||||||||||||||
Unaffiliated revenues(a)(b)(c)(d) | $ | 15,731 | $ | 1,168 | $ | 184 | $ | 17,083 | $ | 49 | $ | — | $ | 17,132 | ||||||||||||||
Intersegment revenues | 35 | — | 5 | 40 | 64 | (104 | ) | — | ||||||||||||||||||||
Total revenues | $ | 15,766 | $ | 1,168 | $ | 189 | $ | 17,123 | $ | 113 | $ | (104 | ) | $ | 17,132 | |||||||||||||
Segment income (loss)(a)(b)(c)(d)(e)(f) | $ | 1,932 | $ | 300 | $ | (54 | ) | $ | 2,178 | $ | (278 | ) | $ | (10 | ) | $ | 1,890 | |||||||||||
Add back noncontrolling interest | 12 | |||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 82 | |||||||||||||||||||||||||||
Net income | $ | 1,984 | ||||||||||||||||||||||||||
(a) | In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities. | |||||||||||||||||||||||||||
(b) | In June 2013, NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates in the first year beginning in June 2013. This rate increase impacts Regulated Utilities. | |||||||||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities. | |||||||||||||||||||||||||||
(d) | Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information. | |||||||||||||||||||||||||||
(e) | Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at Harris site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information. | |||||||||||||||||||||||||||
(f) | Other includes costs to achieve the Progress Energy merger. | |||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | |||||||||||||||||||||||||||
Business Segment Data | ' | |||||||||||||||||||||||||||
All of Duke Energy Ohio’s revenues are generated domestically and its long-lived assets are all in the U.S. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 440 | $ | 6 | $ | 446 | $ | — | $ | — | $ | 446 | ||||||||||||||||
Intersegment revenues | 1 | — | 1 | — | (1 | ) | — | |||||||||||||||||||||
Total revenues | $ | 441 | $ | 6 | $ | 447 | $ | — | $ | (1 | ) | $ | 446 | |||||||||||||||
Segment income (loss) | $ | 43 | $ | (13 | ) | $ | 30 | $ | (4 | ) | $ | — | $ | 26 | ||||||||||||||
Income from discontinued operations, net of tax | $ | 413 | ||||||||||||||||||||||||||
Net income | 439 | |||||||||||||||||||||||||||
Segment assets | $ | 7,297 | $ | 3,266 | $ | 10,563 | $ | 131 | $ | (622 | ) | $ | 10,072 | |||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 421 | $ | 17 | $ | 438 | $ | — | $ | — | $ | 438 | ||||||||||||||||
Total revenues | $ | 421 | $ | 17 | $ | 438 | $ | — | $ | — | $ | 438 | ||||||||||||||||
Segment income (loss) | $ | 42 | $ | (13 | ) | $ | 29 | $ | (5 | ) | $ | — | $ | 24 | ||||||||||||||
Income from discontinued operations, net of tax | 35 | |||||||||||||||||||||||||||
Net income | $ | 59 | ||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 1,416 | $ | 17 | $ | 1,433 | $ | — | $ | — | $ | 1,433 | ||||||||||||||||
Intersegment revenues | 1 | — | 1 | — | (1 | ) | — | |||||||||||||||||||||
Total revenues | $ | 1,417 | $ | 17 | $ | 1,434 | $ | — | $ | (1 | ) | $ | 1,433 | |||||||||||||||
Segment income (loss)(a) | $ | 151 | $ | (101 | ) | $ | 50 | $ | (11 | ) | $ | — | $ | 39 | ||||||||||||||
Loss from discontinued operations, net of tax | (597 | ) | ||||||||||||||||||||||||||
Net loss | $ | (558 | ) | |||||||||||||||||||||||||
a) | Duke Energy Ohio recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. | |||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Unaffiliated revenues | $ | 1,317 | $ | 32 | $ | 1,349 | $ | — | $ | — | $ | 1,349 | ||||||||||||||||
Total revenues | $ | 1,317 | $ | 32 | $ | 1,349 | $ | — | $ | — | $ | 1,349 | ||||||||||||||||
Segment income (loss) | $ | 122 | $ | (51 | ) | $ | 71 | $ | (14 | ) | $ | — | $ | 57 | ||||||||||||||
Income from discontinued operations, net of tax | 39 | |||||||||||||||||||||||||||
Net income | $ | 96 | ||||||||||||||||||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||
Schedule of Potential Plant Retirements | ' | |||||||||||||||||||||||
The table below contains the net carrying value of generating facilities planned for early retirement or being evaluated for potential retirement included in Property, plant and equipment, net on the Consolidated Balance Sheets. | ||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas(b) | Progress Energy | Duke Energy Florida(c) | Duke Energy Ohio(d) | Duke Energy Indiana(e) | |||||||||||||||||||
Capacity (in MW) | 2,297 | 200 | 873 | 873 | 556 | 668 | ||||||||||||||||||
Remaining net book value (in millions)(a) | $ | 256 | $ | 19 | $ | 109 | $ | 109 | $ | 9 | $ | 119 | ||||||||||||
(a) | Included in Property, plant and equipment, net as of September 30, 2014, on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||||
(c) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||
(d) | Includes Beckjord Units 5 and 6 and Miami Fort Unit 6. Beckjord units have no remaining book value and were retired October 1, 2014. | |||||||||||||||||||||||
(e) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||
Schedule of FPSC Settlement Agreement Customer Refunds | ' | |||||||||||||||||||||||
The following table includes a summary of retail customer refunds agreed to in the 2012 Settlement and the 2013 Settlement. Refer to the 2013 Annual Report on Form 10-K for additional information on each of these refunds. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2014 | 2015 | 2016 | |||||||||||||||||||
2012 Settlement refund | $ | 288 | $ | 233 | $ | 35 | $ | 10 | $ | 10 | ||||||||||||||
Retirement decision refund | 100 | — | — | 40 | 60 | |||||||||||||||||||
NEIL proceeds | 490 | 449 | 41 | — | — | |||||||||||||||||||
Total customer refunds | $ | 878 | 682 | 76 | 50 | 70 | ||||||||||||||||||
Accelerated regulatory asset recovery | (130 | ) | (28 | ) | (9 | ) | (37 | ) | (56 | ) | ||||||||||||||
Net customer refunds | $ | 748 | $ | 654 | $ | 67 | $ | 13 | $ | 14 | ||||||||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||
Schedule of MISO Exit Fee Obligations | ' | |||||||||||||||||||||||
The following table provides a reconciliation of the beginning and ending balance of Duke Energy Ohio’s recorded obligations related to its withdrawal from MISO. As of September 30, 2014, $74 million is recorded as a Regulatory asset on Duke Energy Ohio's Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
(in millions) | 31-Dec-13 | Provision / | Cash | 30-Sep-14 | ||||||||||||||||||||
Adjustments | Reductions | |||||||||||||||||||||||
Duke Energy Ohio | $ | 95 | $ | 3 | $ | (3 | ) | $ | 95 | |||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Table) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of Loss Contingencies | ' | |||||||||||||||||||||||||||
The table below presents recorded reserves based on management’s best estimate of probable loss for legal matters discussed above, excluding asbestos related reserves. Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. The reasonably possible range of loss for all non-asbestos related matters in excess of recorded reserves is not material. | ||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||
Reserves for Legal Matters | ||||||||||||||||||||||||||||
Duke Energy | $ | 227 | $ | 204 | ||||||||||||||||||||||||
Progress Energy | 70 | 78 | ||||||||||||||||||||||||||
Duke Energy Progress | 9 | 10 | ||||||||||||||||||||||||||
Duke Energy Florida | 41 | 43 | ||||||||||||||||||||||||||
Schedule of Additional Possible Losses in Excess of Recorded Environmental Reserves | ' | |||||||||||||||||||||||||||
Additional losses in excess of recorded reserves that could be incurred for the stages of investigation, remediation, and monitoring for environmental sites that have been evaluated at this time are presented in the table below. | ||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||
Duke Energy | $ | 83 | ||||||||||||||||||||||||||
Duke Energy Carolinas | 25 | |||||||||||||||||||||||||||
Progress Energy | 9 | |||||||||||||||||||||||||||
Duke Energy Progress | 2 | |||||||||||||||||||||||||||
Duke Energy Florida | 7 | |||||||||||||||||||||||||||
Duke Energy Ohio | 42 | |||||||||||||||||||||||||||
Duke Energy Indiana | 7 | |||||||||||||||||||||||||||
Reserve for Environmental Costs [Member] | ' | |||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of Loss Contingencies | ' | |||||||||||||||||||||||||||
The following table contains information regarding reserves for probable and estimable costs related to the various environmental sites. These reserves are recorded in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Balance at beginning of period | $ | 79 | $ | 11 | $ | 27 | $ | 8 | $ | 19 | $ | 27 | $ | 7 | ||||||||||||||
Provisions/adjustments | 34 | (1 | ) | 4 | 3 | 1 | 28 | 3 | ||||||||||||||||||||
Cash reductions | (8 | ) | — | (6 | ) | (4 | ) | (2 | ) | (1 | ) | (1 | ) | |||||||||||||||
Balance at end of period | $ | 105 | $ | 10 | $ | 25 | $ | 7 | $ | 18 | $ | 54 | $ | 9 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Balance at beginning of period | $ | 75 | $ | 12 | $ | 33 | $ | 14 | $ | 19 | $ | 15 | $ | 8 | ||||||||||||||
Provisions/adjustments | 6 | — | 5 | 1 | 4 | (1 | ) | 1 | ||||||||||||||||||||
Cash reductions | (17 | ) | — | (6 | ) | (2 | ) | (4 | ) | (8 | ) | (2 | ) | |||||||||||||||
Balance at end of period | $ | 64 | $ | 12 | $ | 32 | $ | 13 | $ | 19 | $ | 6 | $ | 7 | ||||||||||||||
Debt_and_Credit_Facilities_Tab
Debt and Credit Facilities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Schedule Of Debt | ' | |||||||||||||||||||||||||||
The following table shows the significant components of Current maturities of long-term debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings. | ||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | September 30, 2014 | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Apr-15 | 3.35 | % | $ | 450 | |||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||
Duke Energy Ohio | Mar-15 | 0.373 | % | 150 | ||||||||||||||||||||||||
Duke Energy Progress | Apr-15 | 5.15 | % | 300 | ||||||||||||||||||||||||
Other | 256 | |||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 1,156 | ||||||||||||||||||||||||||
The following table summarizes significant debt issuances (in millions). | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy | ||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||
April 2014(a) | Apr-24 | 3.75 | % | $ | 600 | $ | — | $ | — | $ | 600 | |||||||||||||||||
April 2014(a) | Apr-17 | 0.612 | % | 400 | — | — | 400 | |||||||||||||||||||||
June 2014(b) | May-19 | 11.87 | % | — | — | — | 108 | |||||||||||||||||||||
June 2014(b) | May-21 | 13.68 | % | — | — | — | 110 | |||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||
March 2014(c) | Mar-17 | 0.854 | % | — | — | 225 | 225 | |||||||||||||||||||||
July 2014(d) | Jul-36 | 5.34 | % | — | — | — | 129 | |||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||
March 2014(e) | Mar-44 | 4.375 | % | — | 400 | — | 400 | |||||||||||||||||||||
March 2014(e) | Mar-17 | 0.433 | % | — | 250 | — | 250 | |||||||||||||||||||||
Total issuances | $ | 1,000 | $ | 650 | $ | 225 | $ | 2,222 | ||||||||||||||||||||
(a) | Proceeds were used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio, the repayment of outstanding commercial paper and for general corporate purposes. See Note 9 for additional information related to the redemption of Duke Energy Ohio's tax-exempt bonds. | |||||||||||||||||||||||||||
(b) | Proceeds were used to repay $196 million of debt for International Energy and for general corporate purposes. | |||||||||||||||||||||||||||
(c) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Florida. Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. See Note 13 for further details. | |||||||||||||||||||||||||||
(d) | Proceeds were used to fund a portion of Duke Energy's prior investment in the existing Wind Star renewables portfolio. | |||||||||||||||||||||||||||
(e) | Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. | |||||||||||||||||||||||||||
Schedule Of Line Of Credit Facilities | ' | |||||||||||||||||||||||||||
The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility. | ||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | ||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||
Commercial paper(b) | (1,278 | ) | (784 | ) | (300 | ) | (27 | ) | — | (4 | ) | (163 | ) | |||||||||||||||
Outstanding letters of credit | (64 | ) | (56 | ) | (4 | ) | (2 | ) | (1 | ) | — | (1 | ) | |||||||||||||||
Tax-exempt bonds | (116 | ) | — | (35 | ) | — | — | — | (81 | ) | ||||||||||||||||||
Available capacity | $ | 4,542 | $ | 1,410 | $ | 661 | $ | 721 | $ | 649 | $ | 646 | $ | 455 | ||||||||||||||
(a) | Represents the sublimit of each borrower. | |||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified within Long-Term Debt Payable to Affiliated Companies in Duke Energy Carolinas' and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. |
Asset_Retirement_Obligations_T
Asset Retirement Obligations (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Asset Retirement Obligations [Abstract] | ' | |||||||||||||||
Schedule of Change in Asset Retirement Obligation | ' | |||||||||||||||
The following table presents changes in the liability associated with asset retirement obligations for Duke Energy and the Subsidiary Registrants impacted by the Coal Ash Act and the agreement with SCDHEC. | ||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | ||||||||||||
Balance at December 31, 2013(a)(b) | $ | 4,958 | $ | 1,594 | $ | 2,570 | $ | 1,737 | ||||||||
Accretion expense(c) | 164 | 71 | 91 | 63 | ||||||||||||
Liabilities settled | (56 | ) | — | (52 | ) | — | ||||||||||
Liabilities incurred in the current year(d) | 3,433 | 2,026 | 1,406 | 1,406 | ||||||||||||
Balance at September 30, 2014 | $ | 8,499 | $ | 3,691 | $ | 4,015 | $ | 3,206 | ||||||||
(a) | The balance as of December 31, 2013 primarily relates to decommissioning nuclear power facilities, asbestos removal and closure of landfills at fossil generation facilities. | |||||||||||||||
(b) | The balance at December 31, 2013 includes $8 million reported in Other current liabilities on the Condensed Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |||||||||||||||
(c) | Substantially all accretion expense for the nine months ended September 30, 2014 relates to Duke Energy's regulated electric operations from previously established asset retirement obligations and has been deferred in accordance with regulatory accounting treatment. | |||||||||||||||
(d) | Amounts relate to asset obligations recorded in the third quarter of 2014 as a result of the Coal Ash Act and an agreement with the SCDHEC related to the W.S Lee Steam Station. |
Goodwill_Tables
Goodwill (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Goodwill [Line Items] | ' | |||||||||||||||
Goodwill By Reportable Operating Segment | ' | |||||||||||||||
The following tables present goodwill by reportable operating segment for Duke Energy and Duke Energy Ohio. | ||||||||||||||||
Duke Energy | ||||||||||||||||
(in millions) | Regulated Utilities | International Energy | Commercial Power | Total | ||||||||||||
Balance at December 31, 2013 | ||||||||||||||||
Goodwill | $ | 15,950 | $ | 326 | $ | 935 | $ | 17,211 | ||||||||
Accumulated impairment charges | — | — | (871 | ) | (871 | ) | ||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | 15,950 | 326 | 64 | 16,340 | ||||||||||||
Foreign exchange and other changes | — | (9 | ) | — | (9 | ) | ||||||||||
Balance at September 30, 2014 | ||||||||||||||||
Goodwill | 15,950 | 317 | 935 | 17,202 | ||||||||||||
Accumulated impairment charges | — | — | (871 | ) | (871 | ) | ||||||||||
Balance at September 30, 2014, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 317 | $ | 64 | $ | 16,331 | ||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||
Goodwill [Line Items] | ' | |||||||||||||||
Goodwill By Reportable Operating Segment | ' | |||||||||||||||
Duke Energy Ohio | ||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total | |||||||||||||
Balance at December 31, 2013 | ||||||||||||||||
Goodwill | $ | 1,136 | $ | 1,188 | $ | 2,324 | ||||||||||
Accumulated impairment charges | (216 | ) | (1,188 | ) | (1,404 | ) | ||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | 920 | — | 920 | |||||||||||||
Balance at September 30, 2014 | ||||||||||||||||
Goodwill | 1,136 | 1,188 | 2,324 | |||||||||||||
Accumulated impairment charges | (216 | ) | (1,188 | ) | (1,404 | ) | ||||||||||
Balance at September 30, 2014, as adjusted for accumulated impairment charges | $ | 920 | $ | — | $ | 920 | ||||||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
Progress Energy [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
Duke Energy Progress [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. | |||||||||||||||
Duke Energy Indiana [Member] | ' | |||||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||||
Schedule of Related Party Transactions, Other Revenue and Expense | ' | |||||||||||||||
Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 199 | $ | 236 | $ | 638 | $ | 714 | ||||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | ||||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 13 | 24 | 125 | 101 | ||||||||||||
Joint Dispatch Agreement (JDA) expense(c) | 36 | 39 | 127 | 71 | ||||||||||||
Progress Energy | ||||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 182 | $ | 54 | $ | 560 | $ | 327 | ||||||||
Corporate governance and shared services provided to Duke Energy(d) | — | 24 | — | 74 | ||||||||||||
Indemnification coverages(b) | 8 | 9 | 25 | 26 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Progress | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 33 | $ | 291 | $ | 195 | ||||||||
Indemnification coverages(b) | 4 | 5 | 13 | 15 | ||||||||||||
JDA revenue(c) | 36 | 39 | 127 | 71 | ||||||||||||
JDA expense(c) | 13 | 24 | 125 | 101 | ||||||||||||
Duke Energy Florida | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 91 | $ | 20 | $ | 269 | $ | 131 | ||||||||
Indemnification coverages(b) | 4 | 4 | 12 | 11 | ||||||||||||
Duke Energy Ohio | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 83 | $ | 89 | $ | 242 | $ | 261 | ||||||||
Indemnification coverages(b) | 3 | 3 | 10 | 11 | ||||||||||||
Duke Energy Indiana | ||||||||||||||||
Corporate governance and shared service expenses(a) | $ | 94 | $ | 113 | $ | 293 | $ | 313 | ||||||||
Indemnification coverages(b) | 3 | 5 | 8 | 10 | ||||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(c) | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||||||||||
(d) | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended September 30, 2014. |
Derivatives_and_Hedging_Tables
Derivatives and Hedging (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||
Underlying Notional Amounts for Commodity Derivative Instruments Accounted for at Fair Value | ' | ||||||||||||||||||||
The tables below show information relating to volumes of outstanding commodity derivatives. Amounts disclosed represent the notional volumes of commodity contracts excluding NPNS. Amounts disclosed represent the absolute value of notional amounts. The Duke Energy Registrants have netted contractual amounts where offsetting purchase and sale contracts exist with identical delivery locations and times of delivery. Where all commodity positions are perfectly offset, no quantities are shown. | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Electricity (gigawatt-hours)(a) | 29,569 | — | — | — | — | 25,680 | 607 | ||||||||||||||
Natural gas (millions of decatherms) | 659 | — | 319 | 117 | 202 | 340 | — | ||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Electricity (gigawatt-hours)(a) | 71,466 | 1,205 | 925 | 925 | — | 69,362 | 203 | ||||||||||||||
Natural gas (millions of decatherms) | 636 | — | 363 | 141 | 222 | 274 | — | ||||||||||||||
(a) | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy. | ||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ||||||||||||||||||||
The following tables show notional amounts for derivatives related to interest rate risk. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Duke | Duke | Duke | Duke | |||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Ohio | Ohio | ||||||||||||||||||||
Cash flow hedges(a) | $ | 764 | $ | — | $ | 798 | $ | — | |||||||||||||
Undesignated contracts | 27 | 27 | 34 | 27 | |||||||||||||||||
Total notional amount | $ | 791 | $ | 27 | $ | 832 | $ | 27 | |||||||||||||
(a) | Duke Energy includes amounts related to consolidated Variable Interest Entities (VIEs) of $552 million at September 30, 2014 and $584 million at December 31, 2013. | ||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | 1 | $ | — | $ | 1 | |||||||||||||
Interest rate contracts | |||||||||||||||||||||
Investments and Other Assets: Other | 16 | — | 27 | — | |||||||||||||||||
Current Liabilities: Other | — | 14 | — | 18 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 23 | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 16 | 38 | 27 | 23 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | 36 | — | 201 | 158 | |||||||||||||||||
Current Assets: Assets Held for Sale | 2 | 2 | — | — | |||||||||||||||||
Investments and Other Assets: Other | 9 | — | 215 | 131 | |||||||||||||||||
Investments and Other Assets: Assets Held for Sale | 9 | 2 | — | — | |||||||||||||||||
Current Liabilities: Other | 4 | 123 | 13 | 153 | |||||||||||||||||
Current Liabilities: Liabilities Associated with Assets Held for Sale | 346 | 445 | — | — | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 37 | 5 | 166 | |||||||||||||||||
Deferred Credits and Other Liabilities: Liabilities Associated with Assets Held for Sale | 148 | 260 | — | — | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Current Liabilities: Other | — | 1 | — | 1 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 5 | — | 4 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 554 | 875 | 434 | 613 | |||||||||||||||||
Total Derivatives | $ | 570 | $ | 913 | $ | 461 | $ | 636 | |||||||||||||
Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(e) | Non-Current(f) | |||||||||||||||||
Gross amounts recognized | $ | 388 | $ | 175 | $ | 214 | $ | 233 | |||||||||||||
Gross amounts offset | (362 | ) | (127 | ) | (179 | ) | (138 | ) | |||||||||||||
Net amount subject to master netting | 26 | 48 | 35 | 95 | |||||||||||||||||
Amounts not subject to master netting | — | 7 | — | 14 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 26 | $ | 55 | $ | 35 | $ | 109 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(g) | Non-Current(h) | |||||||||||||||||
Gross amounts recognized | $ | 583 | $ | 314 | $ | 322 | $ | 299 | |||||||||||||
Gross amounts offset | (402 | ) | (203 | ) | (192 | ) | (155 | ) | |||||||||||||
Net amounts subject to master netting | 181 | 111 | 130 | 144 | |||||||||||||||||
Amounts not subject to master netting | 3 | 13 | 4 | 11 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 184 | $ | 124 | $ | 134 | $ | 155 | |||||||||||||
(a) | Included in Other and Assets Held for Sale within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other and Assets Held for Sale within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other and Liabilities Associated with Assets Held for Sale within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other and Liabilities Associated with Assets Held for Sale within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(e) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(f) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(g) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(h) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ||||||||||||||||||||
The following table shows the gains and losses recognized on cash flow hedges and the line items on the Condensed Consolidated Statements of Operations where such gains and losses are included when reclassified from AOCI. Amounts for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||
Interest rate contracts | $ | (6 | ) | $ | — | $ | (15 | ) | $ | 71 | |||||||||||
Commodity contracts | — | — | — | 1 | |||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | (6 | ) | $ | — | $ | (15 | ) | $ | 72 | |||||||||||
Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | (2 | ) | — | (7 | ) | (2 | ) | ||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Revenue: Regulated electric | $ | — | $ | 3 | $ | — | $ | 10 | |||||||||||||
Revenue: Nonregulated electric, natural gas and other | — | (7 | ) | — | (7 | ) | |||||||||||||||
Fuel used in electric generation and purchased power - regulated | 32 | (68 | ) | 18 | (157 | ) | |||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | — | (2 | ) | — | — | ||||||||||||||||
Loss from Discontinued Operations | (319 | ) | — | (825 | ) | (28 | ) | ||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | 9 | (4 | ) | — | (13 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | (278 | ) | $ | (78 | ) | $ | (807 | ) | $ | (195 | ) | |||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 3 | $ | (29 | ) | $ | 2 | $ | (34 | ) | |||||||||||
Regulatory liabilities | 1 | 6 | — | 10 | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | (7 | ) | 12 | 9 | 51 | ||||||||||||||||
Regulatory liabilities | (12 | ) | — | 16 | — | ||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | (15 | ) | $ | (11 | ) | $ | 27 | $ | 27 | |||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ||||||||||||||||||||
The following tables show information with respect to derivative contracts that are in a net liability position and contain objective credit-risk related payment provisions. Amounts for Duke Energy Carolinas and Duke Energy Indiana were not material. | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
(in millions) | Duke | Progress Energy | Duke | Duke | Duke | ||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Progress | Florida | Ohio | |||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 688 | $ | 107 | $ | 38 | $ | 69 | $ | 688 | |||||||||||
Fair value of collateral already posted | 202 | — | — | — | 202 | ||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 86 | 107 | 38 | 69 | 86 | ||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(in millions) | Duke | Progress Energy | Duke | Duke | Duke | ||||||||||||||||
Energy | Energy | Energy | Energy | ||||||||||||||||||
Progress | Florida | Ohio | |||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 525 | $ | 168 | $ | 60 | $ | 108 | $ | 355 | |||||||||||
Fair value of collateral already posted | 135 | 10 | — | 10 | 125 | ||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 205 | 158 | 60 | 98 | 47 | ||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ||||||||||||||||||||
Amounts disclosed below represent the receivables related to the right to reclaim cash collateral and payables related to the obligation to return cash collateral under master netting arrangements. Amounts for Duke Energy Carolinas, Duke Energy Progress and Duke Energy Indiana were not material. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Receivables | Receivables | |||||||||||||||||||
Duke Energy | |||||||||||||||||||||
Amounts offset against net derivative positions | $ | 116 | $ | 30 | |||||||||||||||||
Amounts not offset against net derivative positions | 86 | 122 | |||||||||||||||||||
Progress Energy | |||||||||||||||||||||
Amounts offset against net derivative positions | — | 10 | |||||||||||||||||||
Duke Energy Florida | |||||||||||||||||||||
Amounts offset against net derivative positions | — | 10 | |||||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||
Amounts offset against net derivative positions | 116 | 19 | |||||||||||||||||||
Amounts not offset against net derivative positions | 86 | 115 | |||||||||||||||||||
Progress Energy [Member] | ' | ||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | — | $ | — | $ | 1 | |||||||||||||
Deferred Credits and Other Liabilities: Other | — | — | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | — | — | — | 5 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | — | — | 3 | 2 | |||||||||||||||||
Investments and Other Assets: Other | — | — | 2 | 1 | |||||||||||||||||
Current Liabilities: Other | 1 | 115 | 11 | 105 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 29 | 4 | 91 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 2 | 144 | 20 | 199 | |||||||||||||||||
Total Derivatives | $ | 2 | $ | 144 | $ | 20 | $ | 204 | |||||||||||||
Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 15 | $ | 5 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (13 | ) | (4 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | 2 | $ | 1 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 115 | $ | 29 | $ | 107 | $ | 93 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (17 | ) | (10 | ) | |||||||||||||
Net amounts subject to master netting | 114 | 28 | 90 | 83 | |||||||||||||||||
Amounts not subject to master netting | — | — | — | 4 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 114 | $ | 28 | $ | 90 | $ | 87 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains or losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Operating revenues | $ | 1 | $ | 3 | $ | — | $ | 10 | |||||||||||||
Fuel used in electric generation and purchased power | 32 | (68 | ) | 18 | (157 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (4 | ) | — | (13 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 33 | $ | (69 | ) | $ | 18 | $ | (160 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 3 | $ | (31 | ) | $ | 19 | $ | (34 | ) | |||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 4 | — | 13 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 3 | $ | (27 | ) | $ | 19 | $ | (21 | ) | |||||||||||
Duke Energy Progress [Member] | ' | ||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. Substantially all derivatives not designated as hedging instruments receive regulatory accounting treatment. | |||||||||||||||||||||
September 30, 2014 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Liabilities: Other | $ | — | $ | 1 | $ | — | $ | 1 | |||||||||||||
Total Derivatives Designated as Hedging Instruments | — | 1 | — | 1 | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Investments and Other Assets: Other | — | — | 2 | 1 | |||||||||||||||||
Current Liabilities: Other | 2 | 39 | 2 | 40 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 8 | 2 | 29 | |||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 3 | 47 | 6 | 70 | |||||||||||||||||
Total Derivatives | $ | 3 | $ | 48 | $ | 6 | $ | 71 | |||||||||||||
Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 2 | $ | 1 | $ | 3 | $ | 3 | |||||||||||||
Gross amounts offset | (2 | ) | (1 | ) | (3 | ) | (3 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 40 | $ | 8 | $ | 41 | $ | 30 | |||||||||||||
Gross amounts offset | (2 | ) | (1 | ) | (3 | ) | (3 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 38 | $ | 7 | $ | 38 | $ | 27 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. Amounts included in Regulatory Assets or Liabilities for interest rate contracts are reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Operating revenues | $ | 1 | $ | 3 | $ | — | $ | 10 | |||||||||||||
Fuel used in electric generation and purchased power | 13 | (24 | ) | 4 | (53 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (3 | ) | — | (9 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 14 | $ | (24 | ) | $ | 4 | $ | (52 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | (19 | ) | $ | (11 | ) | $ | 21 | $ | (18 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 3 | — | 10 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | (19 | ) | $ | (8 | ) | $ | 21 | $ | (8 | ) | ||||||||||
Duke Energy Florida [Member] | ' | ||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. Substantially all derivatives not designated as hedging instruments receive regulatory accounting treatment. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | $ | — | $ | — | $ | 3 | $ | 2 | |||||||||||||
Current Liabilities: Other | 1 | 75 | 9 | 64 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 21 | 2 | 63 | |||||||||||||||||
Total Derivatives | $ | 2 | $ | 96 | $ | 14 | $ | 129 | |||||||||||||
Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(a) | Non-Current(b) | |||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 12 | $ | 2 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (10 | ) | (2 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | — | $ | — | $ | 2 | $ | — | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(c) | Non-Current(d) | |||||||||||||||||
Gross amounts recognized | $ | 75 | $ | 21 | $ | 66 | $ | 63 | |||||||||||||
Gross amounts offset | (1 | ) | (1 | ) | (15 | ) | (7 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 74 | $ | 20 | $ | 51 | $ | 56 | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Balance Sheet. | ||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Balance Sheet. | ||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. Amounts included in Regulatory Assets or Liabilities for commodity contracts are reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Fuel used in electric generation and purchased power | 20 | (45 | ) | 14 | (105 | ) | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | (1 | ) | — | (3 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | 20 | $ | (46 | ) | $ | 14 | $ | (108 | ) | |||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | 22 | $ | (19 | ) | $ | (2 | ) | $ | (16 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | 1 | — | 3 | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 22 | $ | (18 | ) | $ | (2 | ) | $ | (13 | ) | ||||||||||
Duke Energy Ohio [Member] | ' | ||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | |||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Current Assets: Other | $ | 2 | $ | — | $ | 186 | $ | 163 | |||||||||||||
Current Assets: Assets Held for Sale | 1 | 1 | — | — | |||||||||||||||||
Investments and Other Assets: Other | — | — | 202 | 130 | |||||||||||||||||
Investments and Other Assets: Assets Held for Sale | 9 | 2 | — | — | |||||||||||||||||
Current Liabilities: Other | — | — | 1 | 36 | |||||||||||||||||
Current Liabilities: Liabilities Associated with Assets Held for Sale | 378 | 484 | — | — | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | — | 2 | 56 | |||||||||||||||||
Deferred Credits and Other Liabilities: Liabilities Associated with Assets Held for Sale | 174 | 287 | — | — | |||||||||||||||||
Interest rate contracts | |||||||||||||||||||||
Current Liabilities: Other | — | — | — | 1 | |||||||||||||||||
Deferred Credits and Other Liabilities: Other | — | 4 | — | 4 | |||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 564 | 778 | 391 | 390 | |||||||||||||||||
Total Derivatives | $ | 564 | $ | 778 | $ | 391 | $ | 390 | |||||||||||||
Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(e) | Non-Current(f) | |||||||||||||||||
Gross amounts recognized | $ | 381 | $ | 183 | $ | 186 | $ | 205 | |||||||||||||
Gross amounts offset | (377 | ) | (177 | ) | (165 | ) | (132 | ) | |||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 4 | $ | 6 | $ | 21 | $ | 73 | |||||||||||||
Derivative Liabilities | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
(in millions) | Current(c) | Non-Current(d) | Current(g) | Non-Current(h) | |||||||||||||||||
Gross amounts recognized | $ | 485 | $ | 293 | $ | 199 | $ | 186 | |||||||||||||
Gross amounts offset | (419 | ) | (251 | ) | (173 | ) | (143 | ) | |||||||||||||
Net amounts subject to master netting | 66 | 42 | 26 | 43 | |||||||||||||||||
Amounts not subject to master netting | — | — | 1 | 4 | |||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 66 | $ | 42 | $ | 27 | $ | 47 | |||||||||||||
(a) | Included in Assets Held for Sale within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(b) | Included in Assets Held for Sale within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(c) | Included in Liabilities Associated with Assets Held for Sale within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(d) | Included in Liabilities Associated with Assets Held for Sale within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(e) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(f) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(g) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
(h) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Condensed Consolidated Statements of Operations and Comprehensive Income or the Condensed Consolidated Balance Sheets where the pretax gains and losses were reported. | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Income (Loss) from Discontinued Operations | $ | (303 | ) | $ | 3 | $ | (887 | ) | $ | (28 | ) | ||||||||||
Interest rate contracts | |||||||||||||||||||||
Interest expense | — | — | (1 | ) | (1 | ) | |||||||||||||||
Total Pretax Gains (Losses) Recognized in Earnings | $ | (303 | ) | $ | 3 | $ | (888 | ) | $ | (29 | ) | ||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||
Regulatory assets | $ | — | $ | — | $ | (1 | ) | $ | — | ||||||||||||
Interest rate contracts | |||||||||||||||||||||
Regulatory assets | — | — | — | 3 | |||||||||||||||||
Regulatory liabilities | — | — | 6 | — | |||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | — | $ | — | $ | 5 | $ | 3 | |||||||||||||
Investments_in_Debt_and_Equity1
Investments in Debt and Equity Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 74 | $ | — | $ | — | $ | 110 | ||||||||||||
Equity securities | 1,943 | 28 | 3,825 | 1,813 | 10 | 3,579 | ||||||||||||||||||
Corporate debt securities | 13 | 3 | 493 | 8 | 6 | 400 | ||||||||||||||||||
Municipal bonds | 5 | 1 | 132 | 2 | 6 | 160 | ||||||||||||||||||
U.S. government bonds | 12 | 4 | 713 | 7 | 12 | 730 | ||||||||||||||||||
Other debt securities | — | 1 | 137 | 22 | 2 | 154 | ||||||||||||||||||
Total NDTF | $ | 1,973 | $ | 37 | $ | 5,374 | $ | 1,852 | $ | 36 | $ | 5,133 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 16 | $ | — | $ | — | $ | 21 | ||||||||||||
Equity securities | 32 | — | 95 | 29 | — | 91 | ||||||||||||||||||
Corporate debt securities | 2 | — | 68 | 1 | 1 | 99 | ||||||||||||||||||
Municipal bonds | 3 | — | 82 | 2 | 2 | 79 | ||||||||||||||||||
U.S. government bonds | — | — | 16 | — | — | 17 | ||||||||||||||||||
Other debt securities | 1 | 5 | 96 | — | 8 | 111 | ||||||||||||||||||
Total Other Investments(a) | $ | 38 | $ | 5 | $ | 373 | $ | 32 | $ | 11 | $ | 418 | ||||||||||||
Total Investments | $ | 2,011 | $ | 42 | $ | 5,747 | $ | 1,884 | $ | 47 | $ | 5,551 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 33 | ||||||||||||||||||||||
Due after one through five years | 452 | |||||||||||||||||||||||
Due after five through 10 years | 457 | |||||||||||||||||||||||
Due after 10 years | 795 | |||||||||||||||||||||||
Total | $ | 1,737 | ||||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | |||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 28 | $ | 72 | $ | 90 | $ | 135 | ||||||||||||||||
Realized losses | 51 | 16 | 57 | 38 | ||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 39 | $ | — | $ | — | $ | 42 | ||||||||||||
Equity securities | 1,046 | 17 | 2,124 | 974 | 6 | 1,964 | ||||||||||||||||||
Corporate debt securities | 7 | 3 | 345 | 5 | 5 | 274 | ||||||||||||||||||
Municipal bonds | 1 | — | 22 | — | 2 | 54 | ||||||||||||||||||
U.S. government bonds | 4 | 2 | 317 | 3 | 7 | 354 | ||||||||||||||||||
Other debt securities | — | 1 | 122 | 22 | 2 | 146 | ||||||||||||||||||
Total NDTF | $ | 1,058 | $ | 23 | $ | 2,969 | $ | 1,004 | $ | 22 | $ | 2,834 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Other debt securities | $ | — | $ | 1 | $ | 3 | $ | — | $ | 1 | $ | 3 | ||||||||||||
Total Other Investments(a) | $ | — | $ | 1 | $ | 3 | $ | — | $ | 1 | $ | 3 | ||||||||||||
Total Investments | $ | 1,058 | $ | 24 | $ | 2,972 | $ | 1,004 | $ | 23 | $ | 2,837 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 2 | ||||||||||||||||||||||
Due after one through five years | 171 | |||||||||||||||||||||||
Due after five through 10 years | 256 | |||||||||||||||||||||||
Due after 10 years | 380 | |||||||||||||||||||||||
Total | $ | 809 | ||||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | |||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 20 | $ | 49 | $ | 72 | $ | 95 | ||||||||||||||||
Realized losses | 48 | 1 | 50 | 11 | ||||||||||||||||||||
Progress Energy [Member] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 35 | $ | — | $ | — | $ | 68 | ||||||||||||
Equity securities | 897 | 11 | 1,701 | 839 | 4 | 1,615 | ||||||||||||||||||
Corporate debt securities | 6 | — | 148 | 3 | 1 | 126 | ||||||||||||||||||
Municipal bonds | 4 | 1 | 110 | 2 | 4 | 106 | ||||||||||||||||||
U.S. government bonds | 8 | 2 | 396 | 4 | 5 | 376 | ||||||||||||||||||
Other debt securities | — | — | 15 | — | — | 8 | ||||||||||||||||||
Total NDTF | $ | 915 | $ | 14 | $ | 2,405 | $ | 848 | $ | 14 | $ | 2,299 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 15 | $ | — | $ | — | $ | 20 | ||||||||||||
Municipal bonds | 3 | — | 43 | 1 | — | 39 | ||||||||||||||||||
Total Other Investments(a) | $ | 3 | $ | — | $ | 58 | $ | 1 | $ | — | $ | 59 | ||||||||||||
Total Investments | $ | 918 | $ | 14 | $ | 2,463 | $ | 849 | $ | 14 | $ | 2,358 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 21 | ||||||||||||||||||||||
Due after one through five years | 218 | |||||||||||||||||||||||
Due after five through 10 years | 145 | |||||||||||||||||||||||
Due after 10 years | 328 | |||||||||||||||||||||||
Total | $ | 712 | ||||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | |||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 8 | $ | 22 | $ | 17 | $ | 37 | ||||||||||||||||
Realized losses | 3 | 11 | 6 | 20 | ||||||||||||||||||||
Duke Energy Progress [Member] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 28 | $ | — | $ | — | $ | 48 | ||||||||||||
Equity securities | 574 | 7 | 1,127 | 535 | 3 | 1,069 | ||||||||||||||||||
Corporate debt securities | 4 | — | 95 | 3 | 1 | 80 | ||||||||||||||||||
Municipal bonds | 4 | 1 | 108 | 2 | 4 | 104 | ||||||||||||||||||
U.S. government bonds | 6 | 2 | 257 | 4 | 3 | 232 | ||||||||||||||||||
Other debt securities | — | — | 8 | — | — | 5 | ||||||||||||||||||
Total NDTF | $ | 588 | $ | 10 | $ | 1,623 | $ | 544 | $ | 11 | $ | 1,538 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Total Other Investments(a) | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Total Investments | $ | 588 | $ | 10 | $ | 1,625 | $ | 544 | $ | 11 | $ | 1,540 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 10 | ||||||||||||||||||||||
Due after one through five years | 147 | |||||||||||||||||||||||
Due after five through 10 years | 94 | |||||||||||||||||||||||
Due after 10 years | 217 | |||||||||||||||||||||||
Total | $ | 468 | ||||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | |||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 4 | $ | 7 | $ | 11 | $ | 15 | ||||||||||||||||
Realized losses | 2 | 2 | 4 | 6 | ||||||||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
NDTF | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 7 | $ | — | $ | — | $ | 20 | ||||||||||||
Equity securities | 323 | 4 | 574 | 304 | 1 | 546 | ||||||||||||||||||
Corporate debt securities | 2 | — | 53 | — | — | 46 | ||||||||||||||||||
Municipal bonds | — | — | 2 | — | — | 2 | ||||||||||||||||||
U.S. government bonds | 2 | — | 139 | — | 2 | 144 | ||||||||||||||||||
Other debt securities | — | — | 7 | — | — | 3 | ||||||||||||||||||
Total NDTF | $ | 327 | $ | 4 | $ | 782 | $ | 304 | $ | 3 | $ | 761 | ||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3 | ||||||||||||
Municipal bonds | 3 | — | 43 | 1 | — | 39 | ||||||||||||||||||
Total Other Investments(a) | $ | 3 | $ | — | $ | 43 | $ | 1 | $ | — | $ | 42 | ||||||||||||
Total Investments | $ | 330 | $ | 4 | $ | 825 | $ | 305 | $ | 3 | $ | 803 | ||||||||||||
(a) These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 11 | ||||||||||||||||||||||
Due after one through five years | 71 | |||||||||||||||||||||||
Due after five through 10 years | 51 | |||||||||||||||||||||||
Due after 10 years | 111 | |||||||||||||||||||||||
Total | $ | 244 | ||||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | |||||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Realized gains | $ | 3 | $ | 14 | $ | 5 | $ | 22 | ||||||||||||||||
Realized losses | 1 | 9 | 2 | 13 | ||||||||||||||||||||
Duke Energy Indiana [Member] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | |||||||||||||||||||||||
Available-for-sale Securities | ' | |||||||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | ||||||||||||||||||
Other Investments | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||
Equity securities | 26 | — | 68 | 24 | — | 65 | ||||||||||||||||||
Municipal bonds | — | — | 30 | — | 1 | 28 | ||||||||||||||||||
Total Other Investments(a) | $ | 26 | $ | — | $ | 99 | $ | 24 | $ | 1 | $ | 94 | ||||||||||||
Total Investments | $ | 26 | $ | — | $ | 99 | $ | 24 | $ | 1 | $ | 94 | ||||||||||||
(a) These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The table below summarizes the maturity date for debt securities. | ||||||||||||||||||||||||
(in millions) | September 30, 2014 | |||||||||||||||||||||||
Due in one year or less | $ | 1 | ||||||||||||||||||||||
Due after one through five years | 18 | |||||||||||||||||||||||
Due after five through 10 years | 8 | |||||||||||||||||||||||
Due after 10 years | 3 | |||||||||||||||||||||||
Total | $ | 30 | ||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 3,824 | $ | 3,649 | $ | 3 | $ | 172 | ||||||||
Nuclear decommissioning trust fund debt securities | 1,550 | 388 | 1,162 | — | ||||||||||||
Other trading and available-for-sale equity securities | 96 | 96 | — | — | ||||||||||||
Other trading and available-for-sale debt securities | 284 | 31 | 238 | 15 | ||||||||||||
Derivative assets | 85 | 6 | 45 | 34 | ||||||||||||
Total assets | 5,839 | 4,170 | 1,448 | 221 | ||||||||||||
Derivative liabilities | (428 | ) | (119 | ) | (253 | ) | (56 | ) | ||||||||
Net assets | $ | 5,411 | $ | 4,051 | $ | 1,195 | $ | 165 | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 3,579 | $ | 3,495 | $ | 57 | $ | 27 | ||||||||
Nuclear decommissioning trust fund debt securities | 1,553 | 402 | 1,100 | 51 | ||||||||||||
Other trading and available-for-sale equity securities | 102 | 91 | 11 | — | ||||||||||||
Other trading and available-for-sale debt securities | 333 | 36 | 277 | 20 | ||||||||||||
Derivative assets | 145 | 33 | 70 | 42 | ||||||||||||
Total assets | 5,712 | 4,057 | 1,515 | 140 | ||||||||||||
Derivative liabilities | (321 | ) | 11 | (303 | ) | (29 | ) | |||||||||
Net assets | $ | 5,391 | $ | 4,068 | $ | 1,212 | $ | 111 | ||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. Amounts included in earnings for derivatives are primarily included in Operating Revenues. | ||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 188 | $ | 22 | $ | 210 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (33 | ) | (33 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 13 | (1 | ) | 12 | ||||||||||||
Sales | (13 | ) | — | (13 | ) | |||||||||||
Issuances | — | 1 | 1 | |||||||||||||
Transfers out of Level 3 due to observability of inputs | — | (1 | ) | (1 | ) | |||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | (10 | ) | (6 | ) | |||||||||||
Balance at end of period | $ | 192 | $ | (22 | ) | $ | 170 | |||||||||
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | — | $ | (49 | ) | $ | (49 | ) | ||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 97 | $ | (87 | ) | $ | 10 | |||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | 13 | 13 | |||||||||||||
Total pretax gains included in other comprehensive income | 1 | — | 1 | |||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 2 | — | 2 | |||||||||||||
Sales | (2 | ) | — | (2 | ) | |||||||||||
Issuances | — | 4 | 4 | |||||||||||||
Settlements | (2 | ) | (3 | ) | (5 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | 34 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 1 | 1 | 2 | |||||||||||||
Balance at end of period | $ | 97 | $ | (38 | ) | $ | 59 | |||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 98 | $ | 13 | $ | 111 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (21 | ) | (21 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 29 | 50 | 79 | |||||||||||||
Sales | (15 | ) | — | (15 | ) | |||||||||||
Settlements | — | (45 | ) | (45 | ) | |||||||||||
Transfers out of Level 3 due to observability of inputs | 68 | (4 | ) | 64 | ||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 12 | (15 | ) | (3 | ) | |||||||||||
Balance at end of period | $ | 192 | $ | (22 | ) | $ | 170 | |||||||||
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | — | $ | (49 | ) | $ | (49 | ) | ||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 98 | $ | (85 | ) | $ | 13 | |||||||||
Total pretax realized or unrealized gains (losses) included in earnings | — | (8 | ) | (8 | ) | |||||||||||
Total pretax gains included in other comprehensive income | (1 | ) | — | (1 | ) | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 5 | 21 | 26 | |||||||||||||
Sales | (5 | ) | — | (5 | ) | |||||||||||
Issuances | — | 9 | 9 | |||||||||||||
Settlements | (3 | ) | (5 | ) | (8 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | 34 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | (4 | ) | (1 | ) | |||||||||||
Balance at end of period | $ | 97 | $ | (38 | ) | $ | 59 | |||||||||
Quantitative Information Table - Level 3 | ' | |||||||||||||||
The following table includes quantitative information about the Duke Energy Registrants' derivatives classified as Level 3. | ||||||||||||||||
30-Sep-14 | ||||||||||||||||
Investment Type | Fair Value | Valuation Technique | Unobservable Input | Range | ||||||||||||
(in millions) | ||||||||||||||||
Duke Energy | ||||||||||||||||
Natural gas contracts | $ | (33 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.45 | - | $ | 4.66 | ||||||
Financial transmission rights (FTRs) | 22 | RTO auction pricing | FTR price - per MWh | (2.47 | ) | - | 12.92 | |||||||||
Electricity contracts | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.18 | - | 59.17 | |||||||||
Commodity capacity option contracts | 5 | Discounted cash flow | Forward capacity option curves - price per MW day | 28.6 | - | 189.25 | ||||||||||
Reserves | (14 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (22 | ) | |||||||||||||
Duke Energy Ohio | ||||||||||||||||
Electricity contracts | $ | (10 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.35 | - | 59.6 | ||||||||
Natural gas contracts | (33 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | 2.45 | - | 4.66 | |||||||||
Reserves | (12 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (55 | ) | |||||||||||||
Duke Energy Indiana | ||||||||||||||||
FTRs | $ | 22 | RTO auction pricing | FTR price - per MWh | (2.47 | ) | - | 12.92 | ||||||||
31-Dec-13 | ||||||||||||||||
Investment Type | Fair Value | Valuation Technique | Unobservable Input | Range | ||||||||||||
(in millions) | ||||||||||||||||
Duke Energy | ||||||||||||||||
Natural gas contracts | $ | (2 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.07 | - | $ | 5.37 | ||||||
FERC mitigation power sale agreements | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | |||||||||
Financial transmission rights (FTRs) | 12 | RTO auction pricing | FTR price - per MWh | (0.30 | ) | - | 13.8 | |||||||||
Electricity contracts | 23 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | ||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 30.4 | - | 165.1 | ||||||||||
Reserves | (22 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | 13 | ||||||||||||||
Duke Energy Carolinas | ||||||||||||||||
FERC mitigation power sale agreements | $ | (2 | ) | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | ||||||||
Duke Energy Ohio | ||||||||||||||||
Electricity contracts | $ | 18 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | |||||||||
Natural gas contracts | (2 | ) | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.07 | - | 5.37 | |||||||||
Reserves | (20 | ) | Bid-ask spreads, implied volatility, probability of default | |||||||||||||
Total Level 3 derivatives | $ | (4 | ) | |||||||||||||
Duke Energy Indiana | ||||||||||||||||
FTRs | $ | 12 | RTO auction pricing | FTR price - per MWh | (0.30 | ) | - | 13.8 | ||||||||
Schedule of Long-term debt, including current | ' | |||||||||||||||
The fair value and book value of long-term debt, including current maturities, is summarized in the following table. Estimates determined are not necessarily indicative of amounts that could have been settled in current markets. Fair value of long-term debt uses Level 2 measurements. | ||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | ||||||||||||
Duke Energy | $ | 39,858 | $ | 43,602 | $ | 40,256 | $ | 42,592 | ||||||||
Duke Energy Carolinas | 8,394 | 9,426 | 8,436 | 9,123 | ||||||||||||
Progress Energy | 14,512 | 16,305 | 14,115 | 15,234 | ||||||||||||
Duke Energy Progress | 5,716 | 6,013 | 5,235 | 5,323 | ||||||||||||
Duke Energy Florida | 5,102 | 5,867 | 4,886 | 5,408 | ||||||||||||
Duke Energy Ohio | 1,783 | 1,967 | 2,188 | 2,237 | ||||||||||||
Duke Energy Indiana | 3,795 | 4,356 | 3,796 | 4,171 | ||||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 2,124 | $ | 1,949 | $ | 3 | $ | 172 | ||||||||
Nuclear decommissioning trust fund debt securities | 845 | 150 | 695 | — | ||||||||||||
Other trading and available-for-sale debt securities | 3 | — | — | 3 | ||||||||||||
Net assets | $ | 2,972 | $ | 2,099 | $ | 698 | $ | 175 | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,964 | $ | 1,879 | $ | 58 | $ | 27 | ||||||||
Nuclear decommissioning trust fund debt securities | 870 | 168 | 651 | 51 | ||||||||||||
Other trading and available-for-sale debt securities | 3 | — | — | 3 | ||||||||||||
Total assets | 2,837 | 2,047 | 709 | 81 | ||||||||||||
Derivative liabilities | (2 | ) | — | — | (2 | ) | ||||||||||
Net assets | $ | 2,835 | $ | 2,047 | $ | 709 | $ | 79 | ||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 171 | $ | (3 | ) | $ | 168 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 13 | — | 13 | |||||||||||||
Sales | (13 | ) | — | (13 | ) | |||||||||||
Settlements | — | 3 | 3 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | — | 4 | |||||||||||||
Balance at end of period | $ | 175 | $ | — | $ | 175 | ||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 74 | $ | (4 | ) | $ | 70 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 2 | — | 2 | |||||||||||||
Sales | (2 | ) | — | (2 | ) | |||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 1 | — | 1 | |||||||||||||
Balance at end of period | $ | 75 | $ | (4 | ) | $ | 71 | |||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 81 | $ | (2 | ) | $ | 79 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 29 | — | 29 | |||||||||||||
Sales | (15 | ) | — | (15 | ) | |||||||||||
Settlements | — | 2 | 2 | |||||||||||||
Transfers out of Level 3 due to observability of inputs | 68 | — | 68 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 12 | — | 12 | |||||||||||||
Balance at end of period | $ | 175 | $ | — | $ | 175 | ||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | |||||||||||||
Balance at beginning of period | $ | 72 | $ | (12 | ) | $ | 60 | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | 5 | — | 5 | |||||||||||||
Sales | (5 | ) | — | (5 | ) | |||||||||||
Settlements | — | 8 | 8 | |||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | — | 3 | |||||||||||||
Balance at end of period | $ | 75 | $ | (4 | ) | $ | 71 | |||||||||
Progress Energy [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,700 | $ | 1,700 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 705 | 238 | 467 | — | ||||||||||||
Other trading and available-for-sale debt securities | 58 | 15 | 43 | — | ||||||||||||
Total assets | 2,463 | 1,953 | 510 | — | ||||||||||||
Derivative liabilities | (142 | ) | — | (142 | ) | — | ||||||||||
Net assets | $ | 2,321 | $ | 1,953 | $ | 368 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,615 | $ | 1,615 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 677 | 233 | 444 | — | ||||||||||||
Other trading and available-for-sale debt securities | 58 | 19 | 39 | — | ||||||||||||
Derivative assets | 3 | — | 3 | — | ||||||||||||
Total assets | 2,353 | 1,867 | 486 | — | ||||||||||||
Derivative liabilities | (187 | ) | — | (187 | ) | — | ||||||||||
Net assets | $ | 2,166 | $ | 1,867 | $ | 299 | $ | — | ||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | — | $ | (35 | ) | $ | — | $ | (38 | ) | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Issuances | — | 2 | — | 10 | ||||||||||||
Transfers out of Level 3 due to observability of inputs | 2 | 34 | — | 34 | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (2 | ) | (1 | ) | — | (6 | ) | |||||||||
Balance at end of period | $ | — | $ | — | $ | — | $ | — | ||||||||
Duke Energy Progress [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,126 | $ | 1,126 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 497 | 155 | 342 | — | ||||||||||||
Other trading and available-for-sale debt securities | 2 | 2 | — | — | ||||||||||||
Total assets | 1,625 | 1,283 | 342 | — | ||||||||||||
Derivative liabilities | (45 | ) | — | (45 | ) | — | ||||||||||
Net assets | $ | 1,580 | $ | 1,283 | $ | 297 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,069 | $ | 1,069 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities | 470 | 137 | 333 | — | ||||||||||||
Other trading and available-for-sale debt securities | 3 | 3 | — | — | ||||||||||||
Derivative assets | 1 | — | 1 | — | ||||||||||||
Total assets | 1,543 | 1,209 | 334 | — | ||||||||||||
Derivative liabilities | (66 | ) | — | (66 | ) | — | ||||||||||
Net assets | $ | 1,477 | $ | 1,209 | $ | 268 | $ | — | ||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | — | $ | (35 | ) | $ | — | $ | (38 | ) | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Issuances | — | — | — | 9 | ||||||||||||
Settlements | — | 2 | — | — | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | — | (1 | ) | — | (5 | ) | ||||||||||
Transfers out of Level 3 due to observability of inputs | — | 34 | — | 34 | ||||||||||||
Balance at end of period | $ | — | $ | — | $ | — | $ | — | ||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 574 | $ | 574 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities and other | 208 | 83 | 125 | — | ||||||||||||
Other trading and available-for-sale debt securities and other | 43 | — | 43 | — | ||||||||||||
Derivative assets | 3 | — | 3 | — | ||||||||||||
Total assets | 828 | 657 | 171 | — | ||||||||||||
Derivative liabilities | (97 | ) | — | (97 | ) | — | ||||||||||
Net assets | $ | 731 | $ | 657 | $ | 74 | $ | — | ||||||||
31-Dec-13 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 546 | $ | 546 | $ | — | $ | — | ||||||||
Nuclear decommissioning trust fund debt securities and other | 214 | 96 | 118 | — | ||||||||||||
Other trading and available-for-sale debt securities and other | 40 | 2 | 38 | — | ||||||||||||
Derivative assets | 1 | — | 1 | — | ||||||||||||
Total assets | 801 | 644 | 157 | — | ||||||||||||
Derivative liabilities | (116 | ) | — | (116 | ) | — | ||||||||||
Net assets | $ | 685 | $ | 644 | $ | 41 | $ | — | ||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Derivative assets | $ | 7 | $ | — | $ | 3 | $ | 4 | ||||||||
Derivative liabilities | (221 | ) | (114 | ) | (48 | ) | (59 | ) | ||||||||
Net assets (liabilities) | $ | (214 | ) | $ | (114 | ) | $ | (45 | ) | $ | (55 | ) | ||||
December 31, 2013 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Derivative assets | $ | 96 | $ | 50 | $ | 21 | $ | 25 | ||||||||
Derivative liabilities | (95 | ) | (1 | ) | (65 | ) | (29 | ) | ||||||||
Net assets (liabilities) | $ | 1 | $ | 49 | $ | (44 | ) | $ | (4 | ) | ||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | (28 | ) | $ | (19 | ) | $ | (4 | ) | $ | (6 | ) | ||||
Total pretax realized or unrealized gains (losses) included in earnings | (24 | ) | 11 | (43 | ) | (4 | ) | |||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | — | — | 1 | 1 | ||||||||||||
Settlements | (2 | ) | 2 | (6 | ) | — | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (1 | ) | — | 1 | 3 | |||||||||||
Transfers out of Level 3 due to observability of inputs | — | — | (4 | ) | — | |||||||||||
Balance at end of period | $ | (55 | ) | $ | (6 | ) | $ | (55 | ) | $ | (6 | ) | ||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at June 30, 2014 | $ | (52 | ) | |||||||||||||
Duke Energy Indiana [Member] | ' | |||||||||||||||
Fair Value Disclosures [Line Items] | ' | |||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | |||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Condensed Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 10. See Note 11 for additional information related to investments by major security type. | ||||||||||||||||
30-Sep-14 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Available-for-sale equity securities | $ | 69 | $ | 69 | $ | — | $ | — | ||||||||
Available-for-sale debt securities | 30 | — | 30 | — | ||||||||||||
Derivative assets | 23 | 1 | — | 22 | ||||||||||||
Net assets | $ | 122 | $ | 70 | $ | 30 | $ | 22 | ||||||||
31-Dec-13 | ||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Available-for-sale equity securities | $ | 65 | $ | 65 | $ | — | $ | — | ||||||||
Available-for-sale debt securities | 29 | — | 29 | — | ||||||||||||
Derivative assets | 12 | — | — | 12 | ||||||||||||
Net assets | $ | 106 | $ | 65 | $ | 29 | $ | 12 | ||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | |||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||||
Derivatives (net) | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Balance at beginning of period | $ | 45 | $ | 18 | $ | 12 | $ | 10 | ||||||||
Total pretax realized or unrealized gains (losses) included in earnings | (13 | ) | 3 | 14 | 5 | |||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||||
Purchases | — | — | 49 | 20 | ||||||||||||
Settlements | — | (10 | ) | (38 | ) | (23 | ) | |||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | (10 | ) | 3 | (15 | ) | 2 | ||||||||||
Balance at end of period | $ | 22 | $ | 14 | $ | 22 | $ | 14 | ||||||||
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Variable Interest Entities [Line Items] | ' | |||||||||||||||||||||||||||||||
Schedule Of Variable Interest Entities | ' | |||||||||||||||||||||||||||||||
The following table outlines amounts and expiration dates of the credit facilities. | ||||||||||||||||||||||||||||||||
DERF | DEPR | DEFR | ||||||||||||||||||||||||||||||
Credit facility amount (in millions) | $ | 400 | $ | 300 | $ | 225 | ||||||||||||||||||||||||||
Expiration date | Oct-16 | Dec-16 | Mar-17 | |||||||||||||||||||||||||||||
Variable Interest Entity, Primary Beneficiary [Member] | ' | |||||||||||||||||||||||||||||||
Variable Interest Entities [Line Items] | ' | |||||||||||||||||||||||||||||||
Schedule Of Variable Interest Entities | ' | |||||||||||||||||||||||||||||||
The tables below show VIEs consolidated and how these entities impact the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | ||||||||||||||||||||||||||||||
(in millions) | DERF | DEPR | DEFR | CRC | Renewables | Other | Total | |||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | $ | 695 | $ | 474 | $ | 403 | $ | 465 | $ | 12 | $ | 20 | $ | 2,069 | ||||||||||||||||||
Other | — | — | — | — | 141 | 13 | 154 | |||||||||||||||||||||||||
Investments and Other Assets | ||||||||||||||||||||||||||||||||
Other | — | — | — | — | 29 | 34 | 63 | |||||||||||||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||||||||||||
Property, plant and equipment, cost(a) | — | — | — | — | 1,856 | 18 | 1,874 | |||||||||||||||||||||||||
Accumulated depreciation and amortization | — | — | — | — | (232 | ) | (5 | ) | (237 | ) | ||||||||||||||||||||||
Regulatory Assets and Deferred Debits | ||||||||||||||||||||||||||||||||
Other | 1 | — | 1 | — | 35 | — | 37 | |||||||||||||||||||||||||
Total assets | $ | 696 | $ | 474 | $ | 404 | $ | 465 | $ | 1,841 | $ | 80 | $ | 3,960 | ||||||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||||||||
Taxes accrued | — | — | — | — | 6 | — | 6 | |||||||||||||||||||||||||
Current maturities of long-term debt | — | — | — | — | 67 | 16 | 83 | |||||||||||||||||||||||||
Other | — | — | — | — | 26 | 12 | 38 | |||||||||||||||||||||||||
Long-Term Debt(b) | 400 | 300 | 225 | 325 | 989 | 21 | 2,260 | |||||||||||||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||||||||||||
Deferred income taxes | — | — | — | — | 292 | — | 292 | |||||||||||||||||||||||||
Asset retirement obligations | — | — | — | — | 31 | — | 31 | |||||||||||||||||||||||||
Other | — | — | — | — | 33 | 10 | 43 | |||||||||||||||||||||||||
Total liabilities | $ | 400 | $ | 300 | $ | 225 | $ | 325 | $ | 1,446 | $ | 59 | $ | 2,755 | ||||||||||||||||||
Net assets of consolidated variable interest entities | $ | 296 | $ | 174 | $ | 179 | $ | 140 | $ | 395 | $ | 21 | $ | 1,205 | ||||||||||||||||||
(a) Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||
(b) Non-recourse to the general assets of the applicable registrant. | ||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Duke Energy Progress | |||||||||||||||||||||||||||||||
(in millions) | DERF | DEPR | CRC | Renewables | Other | Total | ||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | $ | 673 | $ | 416 | $ | 595 | $ | 18 | $ | 17 | $ | 1,719 | ||||||||||||||||||||
Other | — | — | — | 89 | 12 | 101 | ||||||||||||||||||||||||||
Investments and Other Assets | ||||||||||||||||||||||||||||||||
Other | — | — | — | 29 | 51 | 80 | ||||||||||||||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||||||||||||
Property, plant and equipment, cost(a) | — | — | — | 1,662 | 18 | 1,680 | ||||||||||||||||||||||||||
Accumulated depreciation and amortization | — | — | — | (170 | ) | (5 | ) | (175 | ) | |||||||||||||||||||||||
Regulatory Assets and Deferred Debits | ||||||||||||||||||||||||||||||||
Other | 1 | 1 | — | 34 | — | 36 | ||||||||||||||||||||||||||
Total assets | $ | 674 | $ | 417 | $ | 595 | $ | 1,662 | $ | 93 | $ | 3,441 | ||||||||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||||||||||||
Accounts payable | $ | — | $ | — | $ | — | $ | 2 | $ | — | $ | 2 | ||||||||||||||||||||
Taxes accrued | — | — | — | 10 | — | 10 | ||||||||||||||||||||||||||
Current maturities of long-term debt | — | — | — | 66 | 14 | 80 | ||||||||||||||||||||||||||
Other | — | — | — | 17 | 10 | 27 | ||||||||||||||||||||||||||
Long-Term Debt(b) | 400 | 300 | 325 | 907 | 34 | 1,966 | ||||||||||||||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||||||||||||
Deferred income taxes | — | — | — | 290 | — | 290 | ||||||||||||||||||||||||||
Asset retirement obligations | — | — | — | 26 | — | 26 | ||||||||||||||||||||||||||
Other | 1 | — | — | 17 | 13 | 31 | ||||||||||||||||||||||||||
Total liabilities | $ | 401 | $ | 300 | $ | 325 | $ | 1,335 | $ | 71 | $ | 2,432 | ||||||||||||||||||||
Net assets of consolidated variable interest entities | $ | 273 | $ | 117 | $ | 270 | $ | 327 | $ | 22 | $ | 1,009 | ||||||||||||||||||||
(a) Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||
(b) Non-recourse to the general assets of the applicable registrant. | ||||||||||||||||||||||||||||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | ' | |||||||||||||||||||||||||||||||
Variable Interest Entities [Line Items] | ' | |||||||||||||||||||||||||||||||
Schedule Of Variable Interest Entities | ' | |||||||||||||||||||||||||||||||
The tables below show VIEs not consolidated and how these entities impact the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy | Duke Energy | ||||||||||||||||||||||||||||||
(in millions) | Renewables | Other | Total | Ohio | Indiana | |||||||||||||||||||||||||||
Receivables | $ | — | $ | — | $ | — | $ | 49 | $ | 76 | ||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 149 | 3 | 152 | — | $ | — | ||||||||||||||||||||||||||
Investments and other assets | — | 4 | 4 | — | — | |||||||||||||||||||||||||||
Total assets | $ | 149 | $ | 7 | $ | 156 | $ | 49 | $ | 76 | ||||||||||||||||||||||
Other current liabilities | $ | — | $ | 2 | $ | 2 | $ | — | $ | — | ||||||||||||||||||||||
Deferred credits and other liabilities | — | 14 | 14 | — | — | |||||||||||||||||||||||||||
Total liabilities | $ | — | $ | 16 | $ | 16 | $ | — | $ | — | ||||||||||||||||||||||
Net assets (liabilities) | $ | 149 | $ | (9 | ) | $ | 140 | $ | 49 | $ | 76 | |||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||
(in millions) | Renewables | Other | Total | |||||||||||||||||||||||||||||
Receivables | $ | — | $ | — | $ | — | $ | 114 | $ | 143 | ||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 153 | 60 | 213 | — | — | |||||||||||||||||||||||||||
Intangibles, net | — | 96 | 96 | 96 | — | |||||||||||||||||||||||||||
Investments and other assets | — | 4 | 4 | — | — | |||||||||||||||||||||||||||
Total assets | $ | 153 | $ | 160 | $ | 313 | $ | 210 | $ | 143 | ||||||||||||||||||||||
Other current liabilities | $ | — | $ | 3 | $ | 3 | $ | — | $ | — | ||||||||||||||||||||||
Deferred credits and other liabilities | — | 15 | 15 | — | — | |||||||||||||||||||||||||||
Total liabilities | $ | — | $ | 18 | $ | 18 | $ | — | $ | — | ||||||||||||||||||||||
Net assets | $ | 153 | $ | 142 | $ | 295 | $ | 210 | $ | 143 | ||||||||||||||||||||||
Cinergy Receivables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | |||||||||||||||||||||||||||||||
Variable Interest Entities [Line Items] | ' | |||||||||||||||||||||||||||||||
Schedule Of Variable Interest Entities | ' | |||||||||||||||||||||||||||||||
The following table shows sales and cash flows related to receivables sold. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Sales | ||||||||||||||||||||||||||||||||
Receivables sold | $ | 477 | $ | 514 | $ | 1,705 | $ | 1,664 | $ | 739 | $ | 765 | $ | 2,173 | $ | 2,214 | ||||||||||||||||
Loss recognized on sale | 3 | 3 | 9 | 9 | 3 | 2 | 8 | 8 | ||||||||||||||||||||||||
Cash flows | ||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 494 | 518 | 1,761 | 1,674 | 759 | 758 | 2,233 | 2,204 | ||||||||||||||||||||||||
Collection fees received | — | — | 1 | 1 | — | — | 1 | 1 | ||||||||||||||||||||||||
Return received on retained interests | — | 1 | 3 | 4 | 2 | 2 | 5 | 5 | ||||||||||||||||||||||||
Key assumptions used in estimating fair value are detailed in the following table. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Anticipated credit loss ratio | 0.6 | % | 0.6 | % | 0.3 | % | 0.3 | % | ||||||||||||||||||||||||
Discount rate | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||||||||||||||||||
Receivable turnover rate | 12.8 | % | 12.8 | % | 10.5 | % | 10.3 | % | ||||||||||||||||||||||||
The following table shows the gross and net receivables sold. | ||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
(in millions) | September 30, 2014 | December 31, 2013 | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Receivables sold | $ | 216 | $ | 290 | $ | 287 | $ | 340 | ||||||||||||||||||||||||
Less: Retained interests | 49 | 114 | 76 | 143 | ||||||||||||||||||||||||||||
Net receivables sold | $ | 167 | $ | 176 | $ | 211 | $ | 197 | ||||||||||||||||||||||||
Common_Stock_Tables
Common Stock (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule Of Earnings Per Share | ' | |||||||||||||||
The following table presents Duke Energy’s basic and diluted EPS calculations and reconciles the weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions, except per share amounts) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders | $ | 887 | $ | 942 | $ | 2,351 | $ | 1,884 | ||||||||
Weighted-average shares outstanding - basic | 707 | 706 | 707 | 706 | ||||||||||||
Weighted-average shares outstanding - diluted | 707 | 706 | 707 | 706 | ||||||||||||
Earnings per share from continuing operations attributable to Duke Energy common shareholders | ||||||||||||||||
Basic | $ | 1.25 | $ | 1.33 | $ | 3.33 | $ | 2.67 | ||||||||
Diluted | $ | 1.25 | $ | 1.33 | $ | 3.33 | $ | 2.67 | ||||||||
Potentially dilutive items excluded from the calculation(a) | 2 | 2 | ||||||||||||||
Dividends declared per common share | $ | 0.795 | $ | 0.78 | $ | 2.355 | $ | 2.31 | ||||||||
(a) | Stock options and performance and unvested stock awards were not included in the dilutive securities calculation because either the option exercise prices were greater than the average market price of the common shares during those periods, or performance measures related to the awards had not yet been met. |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Schedule Of Stock-Based Compensation Expense | ' | |||||||||||||||
Duke Energy recorded pretax stock-based compensation expense as follows. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Stock options | — | $ | — | — | $ | 2 | ||||||||||
Restricted stock unit awards | 8 | 10 | 30 | 36 | ||||||||||||
Performance awards | 4 | 7 | 14 | 25 | ||||||||||||
Total | $ | 12 | $ | 17 | $ | 44 | $ | 63 | ||||||||
Tax benefit associated with stock-based compensation expense | $ | 5 | $ | 6 | 17 | $ | 24 | |||||||||
Stock-based compensation costs capitalized | 1 | 1 | 3 | 3 | ||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Employee Savings Plan Matching Contributions | ' | |||||||||||||||||||||||||||
The following table includes pretax employer matching contributions made by Duke Energy and expensed by the Subsidiary Registrants. | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||||||||||||||
2014(a) | $ | 30 | $ | 10 | $ | 10 | $ | 7 | $ | 3 | $ | — | $ | 1 | ||||||||||||||
2013 | 30 | 10 | 12 | 7 | 4 | — | 2 | |||||||||||||||||||||
Nine Months Ended September 30, | ||||||||||||||||||||||||||||
2014(a) | $ | 110 | $ | 36 | $ | 33 | $ | 23 | $ | 10 | $ | 2 | $ | 5 | ||||||||||||||
2013 | 101 | 34 | 34 | 19 | 11 | 2 | 5 | |||||||||||||||||||||
(a) | For the three and nine months ended September 30, 2014, amounts include the additional contribution of 4 percent of eligible pay per pay period for employees not eligible to participate in a defined benefit plan. | |||||||||||||||||||||||||||
Qualified Pension Plans [Member] | ' | |||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | |||||||||||||||||||||||||||
The following tables include the components of net periodic pension costs for qualified pension plans. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 34 | $ | 10 | $ | 10 | $ | 6 | $ | 5 | $ | 1 | $ | 3 | ||||||||||||||
Interest cost on projected benefit obligation | 86 | 22 | 28 | 13 | 14 | 5 | 7 | |||||||||||||||||||||
Expected return on plan assets | (128 | ) | (33 | ) | (44 | ) | (21 | ) | (21 | ) | (7 | ) | (10 | ) | ||||||||||||||
Amortization of actuarial loss | 37 | 8 | 17 | 8 | 8 | 1 | 3 | |||||||||||||||||||||
Amortization of prior service credit | (4 | ) | (2 | ) | — | — | — | — | — | |||||||||||||||||||
Other | 3 | 1 | 1 | — | — | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 28 | $ | 6 | $ | 12 | $ | 6 | $ | 6 | $ | — | $ | 3 | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 41 | $ | 12 | $ | 15 | $ | 6 | $ | 8 | $ | 1 | $ | 2 | ||||||||||||||
Interest cost on projected benefit obligation | 80 | 20 | 29 | 13 | 13 | 5 | 7 | |||||||||||||||||||||
Expected return on plan assets | (137 | ) | (37 | ) | (50 | ) | (24 | ) | (21 | ) | (7 | ) | (11 | ) | ||||||||||||||
Amortization of actuarial loss | 61 | 15 | 26 | 11 | 12 | 3 | 6 | |||||||||||||||||||||
Amortization of prior service credit | (2 | ) | (2 | ) | (1 | ) | (1 | ) | (1 | ) | — | — | ||||||||||||||||
Other | 2 | 1 | — | 1 | — | — | 1 | |||||||||||||||||||||
Net periodic pension costs | $ | 45 | $ | 9 | $ | 19 | $ | 6 | $ | 11 | $ | 2 | $ | 5 | ||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 102 | $ | 31 | $ | 30 | $ | 16 | $ | 15 | $ | 3 | $ | 7 | ||||||||||||||
Interest cost on projected benefit obligation | 258 | 64 | 84 | 40 | 43 | 15 | 22 | |||||||||||||||||||||
Expected return on plan assets | (383 | ) | (99 | ) | (130 | ) | (64 | ) | (64 | ) | (20 | ) | (30 | ) | ||||||||||||||
Amortization of actuarial loss | 111 | 26 | 51 | 24 | 24 | 3 | 9 | |||||||||||||||||||||
Amortization of prior service credit | (11 | ) | (6 | ) | (2 | ) | (1 | ) | (1 | ) | — | — | ||||||||||||||||
Other | 6 | 2 | 2 | 1 | 1 | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 83 | $ | 18 | $ | 35 | $ | 16 | $ | 18 | $ | 1 | $ | 8 | ||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 125 | $ | 37 | $ | 45 | $ | 17 | $ | 23 | $ | 4 | $ | 8 | ||||||||||||||
Interest cost on projected benefit obligation | 240 | 60 | 87 | 38 | 40 | 16 | 21 | |||||||||||||||||||||
Expected return on plan assets | (411 | ) | (111 | ) | (149 | ) | (71 | ) | (65 | ) | (22 | ) | (33 | ) | ||||||||||||||
Amortization of actuarial loss | 183 | 45 | 76 | 34 | 37 | 9 | 17 | |||||||||||||||||||||
Amortization of prior service credit | (8 | ) | (5 | ) | (3 | ) | (1 | ) | (2 | ) | — | — | ||||||||||||||||
Other | 5 | 2 | 1 | 1 | — | — | 1 | |||||||||||||||||||||
Net periodic pension costs | $ | 134 | $ | 28 | $ | 57 | $ | 18 | $ | 33 | $ | 7 | $ | 14 | ||||||||||||||
Non-Qualified Pension Plans [Member] | ' | |||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | |||||||||||||||||||||||||||
The following tables include the components of net periodic pension costs for non-qualified pension plans for registrants with non-qualified pension costs. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 1 | $ | — | $ | — | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 3 | 1 | 2 | — | — | |||||||||||||||||||||||
Amortization of actuarial loss | 1 | — | — | — | — | |||||||||||||||||||||||
Amortization of prior service credit | — | — | (1 | ) | — | — | ||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | 1 | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 1 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 3 | — | 1 | — | — | |||||||||||||||||||||||
Amortization of actuarial loss | 1 | — | 1 | 1 | 1 | |||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | — | $ | 3 | $ | 2 | $ | 1 | ||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 4 | 1 | 1 | |||||||||||||||||||||||
Amortization of actuarial loss | 2 | — | 1 | — | — | |||||||||||||||||||||||
Amortization of prior service credit | — | — | (1 | ) | — | — | ||||||||||||||||||||||
Net periodic pension costs | $ | 14 | $ | 1 | $ | 5 | $ | 2 | $ | 1 | ||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | 1 | $ | — | ||||||||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | |||||||||||||||||||||||
Amortization of actuarial loss | 4 | — | 3 | 1 | 1 | |||||||||||||||||||||||
Amortization of prior service credit | (1 | ) | — | (1 | ) | — | — | |||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | ||||||||||||||||||
Other Post-Retirement Benefit Plans [Member] | ' | |||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | |||||||||||||||||||||||||||
The following tables include the components of net periodic other post-retirement benefit costs. | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | ||||||||||||||||||||||
Service cost | $ | 2 | $ | — | $ | 1 | $ | — | $ | — | $ | — | ||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 13 | 3 | 6 | 3 | 3 | 1 | ||||||||||||||||||||||
Expected return on plan assets | (3 | ) | (2 | ) | — | — | — | — | ||||||||||||||||||||
Amortization of actuarial loss | 9 | 1 | 10 | 8 | 3 | — | ||||||||||||||||||||||
Amortization of prior service credit | (31 | ) | (3 | ) | (24 | ) | (19 | ) | (5 | ) | — | |||||||||||||||||
Net periodic other post-retirement benefit costs | $ | (10 | ) | $ | (1 | ) | $ | (7 | ) | $ | (8 | ) | $ | 1 | $ | 1 | ||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | ||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | 1 | ||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | 1 | ||||||||||||||||||||||
Expected return on plan assets | (4 | ) | (2 | ) | — | — | — | (1 | ) | |||||||||||||||||||
Amortization of actuarial loss | 13 | — | 13 | 8 | 4 | 1 | ||||||||||||||||||||||
Amortization of prior service credit | (3 | ) | (2 | ) | — | — | — | — | ||||||||||||||||||||
Net periodic other post-retirement benefit costs | $ | 32 | $ | — | $ | 31 | $ | 18 | $ | 11 | $ | 2 | ||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 3 | $ | 1 | $ | 2 | $ | — | $ | — | ||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 38 | 9 | 17 | 8 | 9 | 1 | 4 | |||||||||||||||||||||
Expected return on plan assets | (9 | ) | (6 | ) | — | — | — | — | (1 | ) | ||||||||||||||||||
Amortization of actuarial loss (gain) | 29 | 2 | 31 | 23 | 8 | (1 | ) | — | ||||||||||||||||||||
Amortization of prior service credit | (94 | ) | (8 | ) | (71 | ) | (55 | ) | (16 | ) | — | — | ||||||||||||||||
Net periodic other post-retirement benefit costs | $ | (29 | ) | $ | (2 | ) | $ | (20 | ) | $ | (23 | ) | $ | 3 | $ | — | $ | 3 | ||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Service cost | $ | 21 | $ | 2 | $ | 17 | $ | 9 | $ | 6 | $ | — | $ | 1 | ||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 55 | 9 | 35 | 19 | 13 | 1 | 4 | |||||||||||||||||||||
Expected return on plan assets | (11 | ) | (7 | ) | — | — | — | — | (1 | ) | ||||||||||||||||||
Amortization of actuarial loss (gain) | 39 | 2 | 42 | 26 | 12 | (1 | ) | 1 | ||||||||||||||||||||
Amortization of prior service credit | (9 | ) | (6 | ) | (1 | ) | (1 | ) | — | — | — | |||||||||||||||||
Net periodic other post-retirement benefit costs | $ | 95 | $ | — | $ | 93 | $ | 53 | $ | 31 | $ | — | $ | 5 | ||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Summary of Effective Tax Rates | ' | |||||||||||
The effective tax rates from continuing operations for each of the Duke Energy Registrants are included in the following table. | ||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Duke Energy | 34 | % | 30.9 | % | 31.4 | % | 32.3 | % | ||||
Duke Energy Carolinas | 33.9 | % | 37.9 | % | 33.7 | % | 37.5 | % | ||||
Progress Energy | 37.1 | % | 38.8 | % | 37.3 | % | 38.1 | % | ||||
Duke Energy Progress | 36.3 | % | 35.7 | % | 36.6 | % | 37.3 | % | ||||
Duke Energy Florida | 38.5 | % | 40 | % | 38.6 | % | 40 | % | ||||
Duke Energy Ohio | 38.3 | % | 35.9 | % | 34.9 | % | 36.5 | % | ||||
Duke Energy Indiana | 31.6 | % | 36.6 | % | 35.2 | % | 37.2 | % |
Organization_and_Basis_of_Pres3
Organization and Basis of Presentation (Schedule of Unbilled Revenues with Restricted Receivables) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | $798 | $937 |
Duke Energy Carolinas [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 285 | 323 |
Progress Energy [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 232 | 189 |
Duke Energy Progress [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 131 | 120 |
Duke Energy Florida [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 101 | 69 |
Duke Energy Ohio [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | ' | 55 |
Duke Energy Ohio [Member] | Cinergy Receivables [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 54 | 89 |
Duke Energy Indiana [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | 26 | 5 |
Duke Energy Indiana [Member] | Cinergy Receivables [Member] | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' |
Unbilled receivables | $94 | $144 |
Organization_and_Basis_of_Pres4
Organization and Basis of Presentation (Amounts Attributable to Controlling Interests)(Details) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | $891 | $946 | $2,367 | $1,902 |
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest | 3 | 4 | 11 | 12 |
Income (Loss) from Continuing Operations Attributable to Parent | 888 | 942 | 2,356 | 1,890 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 378 | 62 | -578 | 82 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | -8 | ' | -8 | -5 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 386 | 62 | -570 | 87 |
Net income (loss) | 1,269 | 1,008 | 1,789 | 1,984 |
Net Income (Loss) Attributable to Noncontrolling Interest | -5 | 4 | 3 | 7 |
Net Income (Loss) Attributable to Parent | 1,274 | 1,004 | 1,786 | 1,977 |
Progress Energy [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | 330 | 328 | 741 | 469 |
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest | 1 | 1 | 2 | 2 |
Income (Loss) from Continuing Operations Attributable to Parent | 329 | 327 | 739 | 467 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | 14 | -6 | 10 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 14 | -6 | 10 |
Net income (loss) | 330 | 342 | 735 | 479 |
Net Income (Loss) Attributable to Noncontrolling Interest | 1 | 1 | 2 | 2 |
Net Income (Loss) Attributable to Parent | $329 | $341 | $733 | $477 |
Organization_and_Basis_of_Pres5
Organization and Basis of Presentation (Schedule of Excise Taxes) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | $101 | $168 | $416 | $457 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | 4 | 46 | 93 | 124 |
Progress Energy [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | 63 | 89 | 214 | 230 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | ' | 33 | 56 | 88 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | 63 | 56 | 158 | 142 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | 24 | 24 | 80 | 77 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Organization And Basis Of Presentation [Line Items] | ' | ' | ' | ' |
Excise taxes collected | $10 | $9 | $29 | $26 |
Acquisitions_and_Dispositions_1
Acquisitions and Dispositions (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2014 | Dec. 31, 2016 | |
Scenario Forecast [Member] | Scenario Forecast [Member] | |||
Duke Energy Ohio [Member] | Duke Energy Progress [Member] | |||
Midwest Generation Business [Member] | NCEMPA Generating Assets [Member] | |||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Payments to acquire businesses | $16,000,000 | ' | ' | $1,200,000,000 |
Disposal Group, Including Discontinued Operation, Consideration | ' | ' | $2,800,000,000 | ' |
Acquisitions_and_Dispositions_2
Acquisitions and Dispositions (Plants in Disposal Group) (Details) (Duke Energy Ohio [Member]) | 9 Months Ended | |
Sep. 30, 2014 | ||
MW | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 9,469 | [1] |
Owned Average MW Capacity | 6,090 | [1] |
Stuart [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 2,318 | [1],[2],[3] |
Owned Average MW Capacity | 904 | [1],[2],[3] |
Ownership Interest | 39.00% | [2],[3] |
Zimmer [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 1,338 | [1],[3] |
Owned Average MW Capacity | 622 | [1],[3] |
Ownership Interest | 46.50% | [3] |
Hanging Rock [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 1,274 | [1] |
Owned Average MW Capacity | 1,274 | [1] |
Ownership Interest | 100.00% | |
Miami Fort Units 7 and 8 [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 1,020 | [1],[3] |
Owned Average MW Capacity | 653 | [1],[3] |
Ownership Interest | 64.00% | [3] |
Conesville [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 780 | [1],[2],[3] |
Owned Average MW Capacity | 312 | [1],[2],[3] |
Ownership Interest | 40.00% | [2],[3] |
Washington [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 637 | [1] |
Owned Average MW Capacity | 637 | [1] |
Ownership Interest | 100.00% | |
Fayette [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 640 | [1] |
Owned Average MW Capacity | 640 | [1] |
Ownership Interest | 100.00% | |
Killen [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 618 | [1],[2],[3] |
Owned Average MW Capacity | 204 | [1],[2],[3] |
Ownership Interest | 33.00% | [2],[3] |
Lee [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 640 | [1] |
Owned Average MW Capacity | 640 | [1] |
Ownership Interest | 100.00% | |
Dicks Creek [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 136 | [1] |
Owned Average MW Capacity | 136 | [1] |
Ownership Interest | 100.00% | |
Miami Fort [Member] | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | |
Total Average MW Capacity | 68 | [1] |
Owned Average MW Capacity | 68 | [1] |
Ownership Interest | 100.00% | |
[1] | Average MW capacity is calculated as the average of winter capacity and summer capacity. | |
[2] | Station is not operated by Duke Energy Ohio. | |
[3] | Jointly owned with Ohio Power Company and/or The Dayton Power & Light Company. |
Acquisitions_and_Dispositions_3
Acquisitions and Dispositions (Assets Held For Sale) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $378 | $62 | ($578) | $82 | ' |
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Abstract] | ' | ' | ' | ' | ' |
Current assets | 335 | ' | 335 | ' | ' |
Current liabilities | 284 | ' | 284 | ' | 7 |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 413 | 35 | -597 | 39 | ' |
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Abstract] | ' | ' | ' | ' | ' |
Current assets | 284 | ' | 284 | ' | ' |
Current liabilities | 269 | ' | 269 | ' | ' |
Midwest Generation Business [Member] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Revenue | 620 | 491 | 1,233 | 1,369 | ' |
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax | 460 | ' | -847 | 0 | ' |
Disposal Group, Including Discontinued Operation, Operating Income (Loss) | 623 | 82 | -864 | 126 | ' |
Discontinued Operation, Tax Effect of Discontinued Operation | 218 | 34 | -321 | 43 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 405 | 48 | -543 | 83 | ' |
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Abstract] | ' | ' | ' | ' | ' |
Current assets | 335 | ' | 335 | ' | ' |
Investments and other assets | 43 | ' | 43 | ' | ' |
Property, plant and equipment | 2,675 | ' | 2,675 | ' | ' |
Total assets held for sale | 3,053 | ' | 3,053 | ' | ' |
Current liabilities | 284 | ' | 284 | ' | ' |
Deferred credits and other liabilities | 57 | ' | 57 | ' | ' |
Total liabilities associated with assets held for sale | 341 | ' | 341 | ' | ' |
Midwest Generation Business [Member] | Duke Energy Ohio [Member] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Revenue | 536 | 389 | 853 | 1,054 | ' |
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax | 466 | ' | -878 | ' | ' |
Disposal Group, Including Discontinued Operation, Operating Income (Loss) | 647 | 65 | -917 | 71 | ' |
Discontinued Operation, Tax Effect of Discontinued Operation | 234 | 30 | -320 | 32 | ' |
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Abstract] | ' | ' | ' | ' | ' |
Current assets | 284 | ' | 284 | ' | ' |
Investments and other assets | 38 | ' | 38 | ' | ' |
Property, plant and equipment | 2,644 | ' | 2,644 | ' | ' |
Total assets held for sale | 2,966 | ' | 2,966 | ' | ' |
Current liabilities | 269 | ' | 269 | ' | ' |
Deferred credits and other liabilities | 57 | ' | 57 | ' | ' |
Total liabilities associated with assets held for sale | 326 | ' | 326 | ' | ' |
Other Disposal Groups [Member] | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] | ' | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($27) | $14 | ($35) | ($1) | ' |
Business_Segments_Narrative_De
Business Segments (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest Expense | $405 | $378 | $1,212 | $1,125 |
Progress Energy [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest Expense | 166 | 162 | 502 | 520 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest Expense | 20 | 14 | 60 | 47 |
Other [Member] | Progress Energy [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest Expense | $58 | $64 | $181 | $235 |
National Methanol Company [Member] | International Energy [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 25.00% | ' | 25.00% | ' |
Business_Segments_Business_Seg
Business Segments (Business Segment Data) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | $6,395 | $6,217 | $18,366 | $17,132 | ' | ||||
Segment income | 888 | 942 | 2,356 | 1,890 | ' | ||||
Add back noncontrolling interests component | 3 | 4 | 11 | 12 | ' | ||||
Income (Loss) From Discontinued Operations, net of tax | 378 | 62 | -578 | 82 | ' | ||||
Net Income (Loss) Attributable to Parent | 1,274 | 1,004 | 1,786 | 1,977 | ' | ||||
Net income (loss) | 1,269 | 1,008 | 1,789 | 1,984 | ' | ||||
Segment assets | 119,656 | ' | 119,656 | ' | 114,779 | ||||
Impairment charges | 1 | 2 | 81 | 388 | ' | ||||
Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 5,975 | 5,768 | [1] | 17,041 | 15,731 | [1],[2],[3],[4] | ' | ||
Segment income | 920 | 923 | [1] | 2,346 | 1,932 | [1],[2],[3],[4],[5] | ' | ||
International Energy [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 366 | 370 | 1,111 | 1,168 | ' | ||||
Segment income | 80 | 116 | 356 | 300 | ' | ||||
Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 50 | 56 | 195 | 184 | ' | ||||
Segment income | -17 | -28 | -70 | [6] | -54 | ' | |||
Other [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 4 | 23 | 19 | 49 | ' | ||||
Segment income | -92 | [7] | -64 | [7] | -269 | [7] | -278 | [7] | ' |
Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6,391 | 6,194 | 18,347 | 17,083 | ' | ||||
Segment income | 983 | 1,011 | 2,632 | 2,178 | ' | ||||
Operating Segments [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 5,986 | 5,786 | 17,074 | 15,766 | ' | ||||
Segment assets | 105,172 | ' | 105,172 | ' | ' | ||||
Operating Segments [Member] | International Energy [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 366 | 370 | 1,111 | 1,168 | ' | ||||
Segment assets | 5,159 | ' | 5,159 | ' | ' | ||||
Operating Segments [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 50 | 58 | 195 | 189 | ' | ||||
Segment assets | 6,196 | ' | 6,196 | ' | ' | ||||
Operating Segments [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6,402 | 6,214 | 18,380 | 17,123 | ' | ||||
Segment assets | 116,527 | ' | 116,527 | ' | ' | ||||
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -32 | -44 | -93 | -104 | ' | ||||
Segment income | -3 | -5 | -7 | -10 | ' | ||||
Segment assets | -185 | ' | -185 | ' | ' | ||||
Intersegment Eliminations [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -11 | -18 | -33 | -35 | ' | ||||
Intersegment Eliminations [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | ' | -2 | ' | -5 | ' | ||||
Intersegment Eliminations [Member] | Other [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -21 | -24 | -60 | -64 | ' | ||||
Intersegment Eliminations [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -11 | -20 | -33 | -40 | ' | ||||
Corporate, Non-Segment [Member] | Other [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 25 | 47 | 79 | 113 | ' | ||||
Segment assets | 2,944 | ' | 2,944 | ' | ' | ||||
Other VIEs [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Impairment charges | ' | ' | 94 | ' | ' | ||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 446 | 438 | 1,433 | 1,349 | ' | ||||
Segment income | 26 | 24 | 39 | 57 | ' | ||||
Income (Loss) From Discontinued Operations, net of tax | 413 | 35 | -597 | 39 | ' | ||||
Net Income (Loss) Attributable to Parent | 439 | 59 | -558 | 96 | ' | ||||
Segment assets | 10,072 | ' | 10,072 | ' | 10,763 | ||||
Impairment charges | ' | ' | 94 | ' | ' | ||||
Duke Energy Ohio [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 440 | 421 | 1,416 | 1,317 | ' | ||||
Segment income | 43 | 42 | 151 | 122 | ' | ||||
Duke Energy Ohio [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6 | 17 | 17 | 32 | ' | ||||
Segment income | -13 | -13 | -101 | [8] | -51 | ' | |||
Duke Energy Ohio [Member] | Other [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -4 | -5 | -11 | -14 | ' | ||||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 446 | 438 | 1,433 | 1,349 | ' | ||||
Segment income | 30 | 29 | 50 | 71 | ' | ||||
Duke Energy Ohio [Member] | Operating Segments [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 441 | 421 | 1,417 | 1,317 | ' | ||||
Segment assets | 7,297 | ' | 7,297 | ' | ' | ||||
Duke Energy Ohio [Member] | Operating Segments [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6 | 17 | 17 | 32 | ' | ||||
Segment assets | 3,266 | ' | 3,266 | ' | ' | ||||
Duke Energy Ohio [Member] | Operating Segments [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 447 | 438 | 1,434 | 1,349 | ' | ||||
Segment assets | 10,563 | ' | 10,563 | ' | ' | ||||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -1 | ' | -1 | ' | ' | ||||
Segment assets | -622 | ' | -622 | ' | ' | ||||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -1 | ' | -1 | ' | ' | ||||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -1 | ' | -1 | ' | ' | ||||
Duke Energy Ohio [Member] | Corporate, Non-Segment [Member] | Other [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 131 | ' | 131 | ' | ' | ||||
Duke Energy Ohio [Member] | Other VIEs [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Impairment charges | ' | ' | $94 | ' | ' | ||||
[1] | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities. | ||||||||
[2] | In June 2013, NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates in the first year beginning in June 2013. This rate increase impacts Regulated Utilities. | ||||||||
[3] | Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information. | ||||||||
[4] | In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities. | ||||||||
[5] | Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at Harris site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information. | ||||||||
[6] | Commercial Power recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. | ||||||||
[7] | Other includes costs to achieve the Progress Energy merger. | ||||||||
[8] | Duke Energy Ohio recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information. |
Business_Segments_Net_Loss_Det
Business Segments (Net Loss) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | $888 | $942 | $2,356 | $1,890 | ||||
Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | -92 | [1] | -64 | [1] | -269 | [1] | -278 | [1] |
Duke Energy Carolinas [Member] | Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | -19 | -26 | -67 | -69 | ||||
Progress Energy [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | 329 | 327 | 739 | 467 | ||||
Progress Energy [Member] | Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | -48 | -72 | -145 | -205 | ||||
Duke Energy Progress [Member] | Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | -10 | -20 | -23 | -40 | ||||
Duke Energy Florida [Member] | Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | -5 | -6 | -16 | -18 | ||||
Duke Energy Indiana [Member] | Other [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment income | ($3) | ($5) | ($10) | ($13) | ||||
[1] | Other includes costs to achieve the Progress Energy merger. |
Regulatory_Matters_Narrative_D
Regulatory Matters (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 24, 2013 | Sep. 24, 2013 | Sep. 24, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | 30-May-13 | 30-May-13 | 30-May-13 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Nov. 13, 2013 | Nov. 13, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Aug. 18, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
Atlantic Coast Pipeline [Member] | Atlantic Coast Pipeline [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||||||
Dominion Resources [Member] | Rate Case [Member] | Rate Case Step One [Member] | Rate Case Step Two [Member] | William State Lee III Nuclear Station [Member] | William State Lee III Nuclear Station [Member] | Rate Case [Member] | Rate Case Step One [Member] | Rate Case Step Two [Member] | FERC Mitigation [Member] | Shearon Harris Nuclear Station [Member] | Shearon Harris Nuclear Station [Member] | Removal Costs [Member] | Removal Costs [Member] | 2013 FPSC Settlement Agreement [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Levy Nuclear Station [Member] | Levy Nuclear Station [Member] | Citrus County Station [Member] | Suwannee Station [Member] | Hines Energy Complex [Member] | MGP Remediation [Member] | Natural Gas Rate Case [Member] | RTO Realignment [Member] | RTO Realignment [Member] | RTO Realignment [Member] | Regional Transmission Organization [Member] | W.C. Beckjord Station [Member] | Grid Infrastructure Improvement Plan [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | |||||||||||||||||||||||||||
NCUC [Member] | NCUC [Member] | NCUC [Member] | NCEMC [Member] | NCUC [Member] | NCUC [Member] | NCUC [Member] | New Generation Needs [Member] | Amount Subject To Cost Cap [Member] | Uprate and ISFSI Projects [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | PUCO [Member] | PUCO [Member] | gal | Edwardsport Event November 20, 2007 [Member] | Edwardsport Event December 27, 2012 [Member] | Edwardsport Event September 8, 2014 [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved rate increase amount by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $204,000,000 | $30,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | $147,000,000 | $31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $56,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved percentage rate increase by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 0.60% | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved return on equity percentage amount by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.50% | ' | ' | ' | ' | 7.35% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.84% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate increase begin date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25-Sep-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Jun-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved equity capital structure, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint owner ownership percentage | ' | ' | ' | ' | ' | 40.00% | 45.00% | ' | ' | ' | ' | ' | ' | ' | 13.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges | 1,000,000 | 2,000,000 | 81,000,000 | 388,000,000 | ' | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | -18,000,000 | 22,000,000 | ' | ' | ' | ' | -18,000,000 | 22,000,000 | ' | 1,000,000 | 1,000,000 | 2,000,000 | 346,000,000 | ' | ' | ' | ' | ' | ' | ' | 295,000,000 | ' | ' | 65,000,000 | ' | ' | ' | ' | ' | 94,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Regulatory assets, noncurrent | 10,252,000,000 | ' | 10,252,000,000 | ' | 9,191,000,000 | ' | ' | 1,986,000,000 | 1,986,000,000 | 1,527,000,000 | ' | ' | ' | ' | ' | 2,187,000,000 | ' | 2,187,000,000 | ' | 1,384,000,000 | ' | ' | ' | ' | ' | 48,000,000 | 2,631,000,000 | ' | 2,631,000,000 | ' | 2,729,000,000 | ' | ' | ' | ' | 1,373,000,000 | 268,000,000 | ' | ' | 54,000,000 | ' | ' | ' | ' | 480,000,000 | ' | 480,000,000 | ' | 471,000,000 | ' | ' | ' | ' | ' | 74,000,000 | ' | 670,000,000 | 717,000,000 | ' | ' | ' | ' | ' |
Regulatory assets, current | 1,232,000,000 | ' | 1,232,000,000 | ' | 895,000,000 | ' | ' | 388,000,000 | 388,000,000 | 295,000,000 | ' | ' | ' | ' | ' | 325,000,000 | ' | 325,000,000 | ' | 127,000,000 | ' | ' | ' | ' | ' | ' | 241,000,000 | ' | 241,000,000 | ' | 221,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 33,000,000 | ' | ' | ' | ' | 67,000,000 | ' | 67,000,000 | ' | 57,000,000 | ' | ' | ' | ' | ' | ' | ' | 134,000,000 | 118,000,000 | ' | ' | ' | ' | ' |
Amount of reduction to carrying amount of regulatory liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | 95,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gallons of Fuel Released | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,000 | ' | ' | ' | ' | ' | ' | ' |
Decommissioning cost study estimate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,180,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acceleration of cash recovery through fuel clause | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 130,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost Cap for customers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,466,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,595,000,000 | ' |
Percent of AFUDC Allowed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' | ' | ' |
Net unrecovered investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 207,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Reserve | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95,000,000 | 95,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net property, plant and equipment | 69,595,000,000 | ' | 69,595,000,000 | ' | 69,490,000,000 | ' | ' | 25,126,000,000 | 25,126,000,000 | 23,012,000,000 | ' | ' | ' | ' | ' | 14,580,000,000 | ' | 14,580,000,000 | ' | 13,650,000,000 | ' | ' | ' | ' | ' | ' | 9,815,000,000 | ' | 9,815,000,000 | ' | 9,611,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 120,000,000 | ' | ' | ' | ' | 4,905,000,000 | ' | 4,905,000,000 | ' | 8,235,000,000 | ' | ' | ' | ' | ' | ' | ' | 8,780,000,000 | 8,576,000,000 | ' | ' | ' | ' | ' |
MISO estimate of Duke Energy Ohio's MVP obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated capital cost of new utility plant, including AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000,000 | 197,000,000 | 160,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,985,000,000 | ' | ' |
Allowance for Funds Used During Construction, Capitalized Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,000,000 |
Estimated capital cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,900,000,000 | ' | ' | ' | ' |
Regulatory_Matters_Refunds_Det
Regulatory Matters (Refunds) (Details) (Duke Energy Florida [Member], USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Florida Public Service Commission Settlement Agreement 2012 [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | $288 |
Refunded to date | 233 |
2014 | 35 |
2015 | 10 |
2016 | 10 |
Retirement Decision Credits [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | 100 |
Refunded to date | ' |
2014 | ' |
2015 | 40 |
2016 | 60 |
Neil Settlement [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | 490 |
Refunded to date | 449 |
2014 | 41 |
2015 | ' |
2016 | ' |
Total Customer Refunds [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | 878 |
Refunded to date | 682 |
2014 | 76 |
2015 | 50 |
2016 | 70 |
Accelerated Regulatory Asset Recovery [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | -130 |
Refunded to date | -28 |
2014 | -9 |
2015 | -37 |
2016 | -56 |
Net Customer Refunds [Member] | ' |
Regulatory Assets Liabilities [Line Items] | ' |
Total | 748 |
Refunded to date | 654 |
2014 | 67 |
2015 | 13 |
2016 | $14 |
Regulatory_Matters_Schedule_of
Regulatory Matters (Schedule of MISO Exit fees)(Details) (Duke Energy Ohio [Member], RTO Realignment [Member], USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Duke Energy Ohio [Member] | RTO Realignment [Member] | ' |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | $95 |
Provision / Adjustments | 3 |
Cash Reductions | -3 |
Balance, end of period | $95 |
Regulatory_Matters_Schedule_of1
Regulatory Matters (Schedule of Net Carrying Value Of Facilities As Well As the Remaining Non-current Regulatory Assets) (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | |
MW | |||
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 2,297 | ' | |
Remaining net book value (in millions) | $69,595 | $69,490 | |
Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | 256 | [1] | ' |
Duke Energy Carolinas [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 200 | [2] | ' |
Remaining net book value (in millions) | 25,126 | 23,012 | |
Duke Energy Carolinas [Member] | Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | 19 | [1],[2] | ' |
Progress Energy [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 873 | ' | |
Remaining net book value (in millions) | 24,399 | 23,382 | |
Progress Energy [Member] | Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | 109 | [1] | ' |
Duke Energy Florida [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 873 | [3] | ' |
Remaining net book value (in millions) | 9,815 | 9,611 | |
Duke Energy Florida [Member] | Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | 109 | [1],[3] | ' |
Duke Energy Ohio [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 556 | [4] | ' |
Remaining net book value (in millions) | 4,905 | 8,235 | |
Duke Energy Ohio [Member] | Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | 9 | [1],[4] | ' |
Duke Energy Indiana [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Capacity (in MW) | 668 | [5] | ' |
Remaining net book value (in millions) | 8,780 | 8,576 | |
Duke Energy Indiana [Member] | Generation Facilities To Be Retired [Member] | ' | ' | |
Public Utilities, General Disclosures [Line Items] | ' | ' | |
Remaining net book value (in millions) | $119 | [1],[5] | ' |
[1] | Included in Property, plant and equipment, net as of SeptemberB 30, 2014, on the Condensed Consolidated Balance Sheets. | ||
[2] | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | ||
[3] | Includes Crystal River Units 1 and 2. | ||
[4] | Includes Beckjord Units 5 and 6 and Miami Fort Unit 6. Beckjord units have no remaining book value and were retired October 1, 2014. | ||
[5] | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. |
Commitments_and_Contingencies_1
Commitments and Contingencies (Narrative) (Details) (USD $) | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended | ||||||||||
Sep. 30, 2014 | Sep. 30, 2014 | Feb. 21, 2014 | Feb. 21, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Oct. 03, 2012 | Dec. 31, 2009 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Mar. 28, 2014 | Dec. 11, 2012 | |
Brazil Expansion Lawsuit [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Indiana [Member] | |
North Carolina Ash Basins [Member] | North Carolina Ash Basins [Member] | North Carolina Ash Basins [Member] | New Source Review Provisions Of Clean Air Act [Member] | Asbestos Issue [Member] | Asbestos Issue [Member] | Asbestos Issue [Member] | Asbestos Issue [Member] | Synthetic Fuels [Member] | Synthetic Fuels [Member] | Synthetic Fuels [Member] | Spent Nuclear Fuels [Member] | Spent Nuclear Fuels [Member] | Westinghouse Electric Company Litigation [Member] | Westinghouse Electric Company Litigation [Member] | Edwardsport IGCC Plant [Member] | ||
Dan River [Member] | Minimum [Member] | Maximum [Member] | Claims | Malignant Asbestos Claim [Member] | Non Malignant Asbestos Claim [Member] | ||||||||||||
Dan River [Member] | Dan River [Member] | plant | Claims | Claims | |||||||||||||
gal | T | project | |||||||||||||||
T | gal | ||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Coal ash released, in tons | ' | ' | 30,000 | 39,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basin water released, in gallons | ' | ' | 24,000,000 | 27,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Environmental remediation expense | ' | $20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Obligation to expand installed generation capacity, percent | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum civil penalties per day for each violation | ' | ' | ' | ' | 37,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Projects with Alleged NSR Violations | ' | ' | ' | ' | 29 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Coal Plants with Alleged NSR Violations | ' | ' | ' | ' | 25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Retired Plants | ' | ' | ' | ' | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency, pending claims, number | ' | ' | ' | ' | 13 | ' | ' | 23 | 61 | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining Number of Coal Plants with Alleged NSR Violations | ' | ' | ' | ' | 13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asbestos-related injuries and damages reserves | ' | ' | ' | ' | ' | 591,000,000 | 616,000,000 | 7,000,000 | 13,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Reinsurance retention policy, amount retained | ' | ' | ' | ' | ' | 476,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reinsurance retention policy, excess retention, amount reinsured | ' | ' | ' | ' | ' | 864,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Probable insurance recoveries | ' | ' | ' | ' | ' | 616,000,000 | 649,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency, damages paid, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 154,000,000 | ' | ' | ' | ' | ' | ' |
Damages awarded to plaintiff | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90,000,000 | ' | ' | ' | ' | ' | ' | ' |
Gain recognized in period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,000,000 | ' | ' | ' | ' | ' |
Gain (Loss) Related to Litigation Settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 83,000,000 | 21,000,000 | ' | ' | ' |
Loss contingency, damages sought, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 510,000,000 | ' | ' |
Gain contingency, unrecorded amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $54,000,000 | $560,000,000 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Schedule of Environmental Loss Contingencies) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | $83 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 79 | 75 |
Provisions/Adjustments | 34 | 6 |
Cash reductions | -8 | -17 |
Ending balance | 105 | 64 |
Duke Energy Carolinas [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 25 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 11 | 12 |
Provisions/Adjustments | -1 | ' |
Cash reductions | ' | ' |
Ending balance | 10 | 12 |
Progress Energy [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 9 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 27 | 33 |
Provisions/Adjustments | 4 | 5 |
Cash reductions | -6 | -6 |
Ending balance | 25 | 32 |
Duke Energy Progress [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 2 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 8 | 14 |
Provisions/Adjustments | 3 | 1 |
Cash reductions | -4 | -2 |
Ending balance | 7 | 13 |
Duke Energy Florida [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 7 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 19 | 19 |
Provisions/Adjustments | 1 | 4 |
Cash reductions | -2 | -4 |
Ending balance | 18 | 19 |
Duke Energy Ohio [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 42 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 27 | 15 |
Provisions/Adjustments | 28 | -1 |
Cash reductions | -1 | -8 |
Ending balance | 54 | 6 |
Duke Energy Indiana [Member] | ' | ' |
Environmental Matters Details [Line Items] | ' | ' |
Environmental Exit Costs, Reasonably Possible Additional Loss | 7 | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' |
Beginning balance | 7 | 8 |
Provisions/Adjustments | 3 | 1 |
Cash reductions | -1 | -2 |
Ending balance | $9 | $7 |
Commitments_and_Contingencies_3
Commitments and Contingencies (Schedule of Reserves) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Loss Contingencies [Line Items] | ' | ' |
Reserves for legal matters | $227 | $204 |
Progress Energy [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Reserves for legal matters | 70 | 78 |
Duke Energy Progress [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Reserves for legal matters | 9 | 10 |
Duke Energy Florida [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Reserves for legal matters | $41 | $43 |
Debt_and_Credit_Facilities_Nar
Debt and Credit Facilities (Narrative) (Details) (USD $) | 9 Months Ended |
In Billions, unless otherwise specified | Sep. 30, 2014 |
Debt Disclosure [Abstract] | ' |
Facility size | $6 |
Line of credit facility, affiliated borrower | 'The Subsidiary Registrants, excluding Progress Energy each have borrowing capacity under the Master Credit Facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. |
Debt_and_Credit_Facilities_Sum
Debt and Credit Facilities (Summary of Debt Issuances) (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Apr. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |||||||||||||
April 2014 3.75% Senior Unsecured Notes Maturing April 2024 [Member] | April 2014 0.612% Senior Unsecured Floating Notes Maturing April 2017 [Member] | June 2014 11.870% Senior Unsecured Floating Notes Maturing May 2019 [Member] | June 2014 13.680% Senior Unsecured Floating Notes Maturing May 2021 [Member] | March 2014 0.854% Secured Credit Facility Maturing March 2017 [Member] | July 2014 5.340% Secured Debt Maturing July 2036 [Member] | March 2014 4.375% First Mortgage Bonds Maturing March 2044 [Member] | March 2014 0.433% First Mortgage Bonds Maturing March 2017 [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | International Energy [Member] | |||||||||||||||
Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | Unsecured Debt [Member] | April 2014 3.75% Senior Unsecured Notes Maturing April 2024 [Member] | April 2014 0.612% Senior Unsecured Floating Notes Maturing April 2017 [Member] | March 2014 4.375% First Mortgage Bonds Maturing March 2044 [Member] | March 2014 0.433% First Mortgage Bonds Maturing March 2017 [Member] | March 2014 0.854% Secured Credit Facility Maturing March 2017 [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | ||||||||||||||||||
Unsecured Debt [Member] | Unsecured Debt [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | Secured Debt [Member] | |||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Repayments of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $402,000,000 | $196,000,000 | |||||||||||||
Debt issuance date | ' | 1-Apr-14 | 1-Apr-14 | 1-Jun-14 | 1-Jun-14 | 1-Mar-14 | 1-Jul-14 | 1-Mar-14 | 1-Mar-14 | ' | ' | 1-Apr-14 | 1-Apr-14 | ' | 1-Mar-14 | 1-Mar-14 | ' | 1-Mar-14 | ' | ' | |||||||||||||
Debt maturity date | ' | 30-Apr-24 | 30-Apr-17 | 31-May-19 | 31-May-21 | 31-Mar-17 | 31-Jul-36 | 31-Mar-44 | 31-Mar-17 | ' | ' | 30-Apr-24 | 30-Apr-17 | ' | 31-Mar-44 | 31-Mar-17 | ' | 31-Mar-17 | ' | ' | |||||||||||||
Interest rate | ' | 3.75% | 0.61% | 11.87% | 13.68% | 0.85% | 5.34% | 4.38% | 0.43% | ' | ' | 3.75% | 0.61% | ' | 4.38% | 0.43% | ' | 0.85% | ' | ' | |||||||||||||
Debt issuances | $2,222,000,000 | $600,000,000 | [1] | $400,000,000 | [1] | $108,000,000 | [2] | $110,000,000 | [2] | $225,000,000 | [3] | $129,000,000 | [4] | $400,000,000 | [5] | $250,000,000 | [5] | $1,000,000,000 | $1,000,000,000 | $600,000,000 | [1] | $400,000,000 | [1] | $650,000,000 | $400,000,000 | [5] | $250,000,000 | [5] | $225,000,000 | $225,000,000 | [3] | ' | ' |
[1] | Proceeds were used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio, the repayment of outstanding commercial paper and for general corporate purposes. See Note 9 for additional information related to the redemption of Duke Energy Ohio's tax-exempt bonds. | ||||||||||||||||||||||||||||||||
[2] | Proceeds were used to repay $196 million of debt for International Energy and for general corporate purposes. | ||||||||||||||||||||||||||||||||
[3] | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Florida. Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. See Note 13 for further details. | ||||||||||||||||||||||||||||||||
[4] | Proceeds were used to fund a portion of Duke Energy's prior investment in the existing Wind Star renewables portfolio. | ||||||||||||||||||||||||||||||||
[5] | Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. |
Debt_and_Credit_Facilities_Sch
Debt and Credit Facilities (Schedule of Line of Credit Facilities) (Details) (USD $) | Sep. 30, 2014 | |
In Millions, unless otherwise specified | ||
Line of Credit Facility [Line Items] | ' | |
Facility size | $6,000 | |
Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 6,000 | [1] |
Commercial paper | -1,278 | [2] |
Outstanding letters of credit | -64 | |
Tax exempt bonds | -116 | |
Available capacity | 4,542 | |
Parent Company [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 2,250 | [1] |
Commercial paper | -784 | [2] |
Outstanding letters of credit | -56 | |
Tax exempt bonds | 0 | |
Available capacity | 1,410 | |
Parent Company [Member] | Proceeds Loaned To Subsidiary Registrants [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Commercial paper | -450 | |
Duke Energy Carolinas [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 1,000 | [1] |
Commercial paper | -300 | [2] |
Outstanding letters of credit | -4 | |
Tax exempt bonds | -35 | |
Available capacity | 661 | |
Duke Energy Progress [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 750 | [1] |
Commercial paper | -27 | |
Outstanding letters of credit | -2 | |
Tax exempt bonds | 0 | |
Available capacity | 721 | |
Duke Energy Florida [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 650 | [1] |
Commercial paper | 0 | |
Outstanding letters of credit | -1 | |
Tax exempt bonds | 0 | |
Available capacity | 649 | |
Duke Energy Ohio [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 650 | [1] |
Commercial paper | -4 | |
Outstanding letters of credit | 0 | |
Tax exempt bonds | 0 | |
Available capacity | 646 | |
Duke Energy Indiana [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 700 | [1] |
Commercial paper | -163 | [2] |
Outstanding letters of credit | -1 | |
Tax exempt bonds | -81 | |
Available capacity | $455 | |
[1] | Represents the sublimit of each borrower. | |
[2] | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified within Long-Term Debt Payable to Affiliated Companies in Duke Energy Carolinas' and Duke Energy Indianabs Condensed Consolidated Balance Sheets. |
Debt_and_Credit_Facilities_Sum1
Debt and Credit Facilities (Summary of Current Maturities of Long-term Debt)(Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 |
In Millions, unless otherwise specified | Other Debt Obligations [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Parent Company [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | ||
First Mortgage Bonds [Member] | Unsecured Debt [Member] | First Mortgage Bonds [Member] | ||||||||
April 2015 Maturity 1 [Member] | April 2015 Maturity 1 [Member] | March 2015 [Member] | ||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt maturity date | ' | ' | ' | ' | ' | 30-Apr-15 | 30-Apr-15 | ' | ' | 31-Mar-15 |
Interest rate | ' | ' | ' | ' | ' | 5.15% | 3.35% | ' | ' | 0.37% |
Current maturities of long-term debt | $1,156 | $2,104 | $256 | $306 | $174 | $300 | $450 | $197 | $47 | $150 |
Asset_Retirement_Obligations_N
Asset Retirement Obligations (Narrative) (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Liabilities incurred in the current year | $3,433 | [1] | ' |
Net property, plant and equipment | 69,595 | 69,490 | |
Regulatory assets, noncurrent | 10,252 | 9,191 | |
Regulatory liability, noncurrent | 6,220 | 5,949 | |
Duke Energy Carolinas [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Liabilities incurred in the current year | 2,026 | [1] | ' |
Net property, plant and equipment | 25,126 | 23,012 | |
Regulatory assets, noncurrent | 1,986 | 1,527 | |
Regulatory liability, noncurrent | 2,690 | 2,576 | |
Duke Energy Progress [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Liabilities incurred in the current year | 1,406 | [1] | ' |
Net property, plant and equipment | 14,580 | 13,650 | |
Regulatory assets, noncurrent | 2,187 | 1,384 | |
Regulatory liability, noncurrent | 1,796 | 1,673 | |
North Carolina Ash Basins [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Number of Ash Basins | 32 | ' | |
Number of Plants with Ash Basins | 14 | ' | |
North Carolina Ash Basins [Member] | Duke Energy Carolinas [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Net property, plant and equipment | 1,559 | ' | |
Regulatory assets, noncurrent | 467 | ' | |
North Carolina Ash Basins [Member] | Duke Energy Progress [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Net property, plant and equipment | 610 | ' | |
Regulatory assets, noncurrent | 763 | ' | |
Removal Costs [Member] | North Carolina Ash Basins [Member] | Duke Energy Progress [Member] | ' | ' | |
Asset Retirement Obligations [Line Items] | ' | ' | |
Regulatory liability, noncurrent | $33 | ' | |
[1] | Amounts relate to asset obligations recorded in the third quarter of 2014 as a result of the Coal Ash Act and an agreement with the SCDHEC related to the W.S Lee Steam Station. |
Asset_Retirement_Obligations_A
Asset Retirement Obligations (ARO Rollforward) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | |
Balance at beginning of period | $4,958 | [1],[2] |
Accretion expense | 164 | [3] |
Liabilities settled | -56 | |
Liabilities incurred in the current year | 3,433 | [4] |
Balance at end of period | 8,499 | |
Duke Energy Carolinas [Member] | ' | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | |
Balance at beginning of period | 1,594 | |
Accretion expense | 71 | [3] |
Liabilities settled | ' | |
Liabilities incurred in the current year | 2,026 | [4] |
Balance at end of period | 3,691 | |
Progress Energy [Member] | ' | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | |
Balance at beginning of period | 2,570 | [2] |
Accretion expense | 91 | [3] |
Liabilities settled | -52 | |
Liabilities incurred in the current year | 1,406 | [4] |
Balance at end of period | 4,015 | |
Duke Energy Progress [Member] | ' | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | |
Balance at beginning of period | 1,737 | [2] |
Accretion expense | 63 | [3] |
Liabilities settled | ' | |
Liabilities incurred in the current year | 1,406 | [4] |
Balance at end of period | 3,206 | |
Asset retirement obligation, current | $8 | |
[1] | The balance as of DecemberB 31, 2013 primarily relates to decommissioning nuclear power facilities, asbestos removal and closure of landfills at fossil generation facilities. | |
[2] | The balance at DecemberB 31, 2013 includes $8 million reported in Other current liabilities on the Condensed Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |
[3] | Substantially all accretion expense for the nine months ended SeptemberB 30, 2014 relates to Duke Energy's regulated electric operations from previously established asset retirement obligations and has been deferred in accordance with regulatory accounting treatment. | |
[4] | Amounts relate to asset obligations recorded in the third quarter of 2014 as a result of the Coal Ash Act and an agreement with the SCDHEC related to the W.S Lee Steam Station. |
Goodwill_Details
Goodwill (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Goodwill [Roll Forward] | ' | ' |
Goodwill | $17,202 | $17,211 |
Accumulated impairment charges | -871 | -871 |
Foreign exchange and other changes | -9 | ' |
Goodwill as adjusted for accumulated impairment charges | 16,331 | 16,340 |
Regulated Utilities [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 15,950 | 15,950 |
Accumulated impairment charges | ' | ' |
Foreign exchange and other changes | ' | ' |
Goodwill as adjusted for accumulated impairment charges | 15,950 | 15,950 |
International [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 317 | 326 |
Accumulated impairment charges | ' | ' |
Foreign exchange and other changes | -9 | ' |
Goodwill as adjusted for accumulated impairment charges | 317 | 326 |
Commercial Power [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 935 | 935 |
Accumulated impairment charges | -871 | -871 |
Foreign exchange and other changes | ' | ' |
Goodwill as adjusted for accumulated impairment charges | 64 | 64 |
Duke Energy Ohio [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 2,324 | 2,324 |
Accumulated impairment charges | -1,404 | -1,404 |
Goodwill as adjusted for accumulated impairment charges | 920 | 920 |
Duke Energy Ohio [Member] | Regulated Utility [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 1,136 | 1,136 |
Accumulated impairment charges | -216 | -216 |
Goodwill as adjusted for accumulated impairment charges | 920 | 920 |
Duke Energy Ohio [Member] | DEO Commercial Power [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill | 1,188 | 1,188 |
Accumulated impairment charges | -1,188 | -1,188 |
Goodwill as adjusted for accumulated impairment charges | $0 | $0 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Duke Energy Carolinas [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | $199 | [1] | $236 | [1] | $638 | [1] | $714 | [1] |
Duke Energy Carolinas [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 5 | [2] | 5 | [2] | 16 | [2] | 16 | [2] |
Duke Energy Carolinas [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 13 | [3] | 24 | [3] | 125 | [3] | 101 | [3] |
Related party transaction, expenses from transactions with related party | 36 | [3] | 39 | [3] | 127 | [3] | 71 | [3] |
Progress Energy [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | ' | [4] | 24 | [4] | ' | [4] | 74 | [4] |
Related party transaction, expenses from transactions with related party | 182 | [1] | 54 | [1] | 560 | [1] | 327 | [1] |
Progress Energy [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 8 | [2] | 9 | [2] | 25 | [2] | 26 | [2] |
Progress Energy [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 36 | [3] | 39 | [3] | 127 | [3] | 71 | [3] |
Related party transaction, expenses from transactions with related party | 13 | [3] | 24 | [3] | 125 | [3] | 101 | [3] |
Duke Energy Progress [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 91 | [1] | 33 | [1] | 291 | [1] | 195 | [1] |
Duke Energy Progress [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 4 | [2] | 5 | [2] | 13 | [2] | 15 | [2] |
Duke Energy Progress [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 36 | [3] | 39 | [3] | 127 | [3] | 71 | [3] |
Related party transaction, expenses from transactions with related party | 13 | [3] | 24 | [3] | 125 | [3] | 101 | [3] |
Duke Energy Florida [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 91 | [1] | 20 | [1] | 269 | [1] | 131 | [1] |
Duke Energy Florida [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 4 | [2] | 4 | [2] | 12 | [2] | 11 | [2] |
Duke Energy Ohio [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 83 | [1] | 89 | [1] | 242 | [1] | 261 | [1] |
Duke Energy Ohio [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 3 | [2] | 3 | [2] | 10 | [2] | 11 | [2] |
Duke Energy Indiana [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 94 | [1] | 113 | [1] | 293 | [1] | 313 | [1] |
Duke Energy Indiana [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | $3 | [2] | $5 | [2] | $8 | [2] | $10 | [2] |
[1] | The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[2] | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energybs wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[3] | Duke Energy Carolinas and Duke Energy participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[4] | In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Condensed Consolidated Statements of Changes in Common Stockholder's Equity during the nine months ended SeptemberB 30, 2014. |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Apr. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | ||
DECAM [Member] | Parent Company [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | April 2014 0.612% Senior Unsecured Floating Notes Maturing April 2017 [Member] | April 2014 0.612% Senior Unsecured Floating Notes Maturing April 2017 [Member] | ||||
DECAM [Member] | DECAM [Member] | Parent Company [Member] | Duke Energy Ohio [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | ||||||||
Parent Company [Member] | |||||||||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Intercompany loan payable | ' | ' | ' | $563,000,000 | $43,000,000 | $550,000,000 | $43,000,000 | ' | ' | ' | ' | ||
Debt issuances | 2,222,000,000 | ' | 1,000,000,000 | ' | ' | ' | ' | 1,000,000,000 | ' | 400,000,000 | [1] | 400,000,000 | [1] |
Proceeds from Issuance of Debt | ' | 400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Proceeds from (Repayments of) Debt | ' | ' | ' | ' | ' | ' | ' | ' | $402,000,000 | ' | ' | ||
[1] | Proceeds were used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio, the repayment of outstanding commercial paper and for general corporate purposes. See Note 9 for additional information related to the redemption of Duke Energy Ohio's tax-exempt bonds. |
Derivatives_and_Hedging_Narrat
Derivatives and Hedging (Narrative) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Derivative [Line Items] | ' |
Undesignated commodity contracts latest expiration year | '2018 |
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net | $9 |
Derivatives_and_Hedging_Notion
Derivatives and Hedging (Notional Amounts of Derivative Instruments) (Details) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | |||
GWh | GWh | |||
dth | dth | |||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 29,569 | [1] | 71,466 | [1] |
Natural gas (millions of decatherms) | 659,000,000 | 636,000,000 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | ' | [1] | 1,205 | [1] |
Natural gas (millions of decatherms) | ' | ' | ||
Progress Energy [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | ' | [1] | 925 | [1] |
Natural gas (millions of decatherms) | 319,000,000 | 363,000,000 | ||
Duke Energy Progress [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | ' | [1] | 925 | [1] |
Natural gas (millions of decatherms) | 117,000,000 | 141,000,000 | ||
Duke Energy Florida [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | ' | [1] | ' | [1] |
Natural gas (millions of decatherms) | 202,000,000 | 222,000,000 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 25,680 | [1] | 69,362 | [1] |
Natural gas (millions of decatherms) | 340,000,000 | 274,000,000 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 607 | [1] | 203 | [1] |
Natural gas (millions of decatherms) | ' | ' | ||
[1] | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy. |
Derivatives_and_Hedging_Intere
Derivatives and Hedging (Interest Rate Risk) (Details) (Interest Rate Contracts [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Derivative [Line Items] | ' | ' |
Notional amount | $791 | $832 |
Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 764 | 798 |
Duke Energy Ohio [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 27 | 27 |
Duke Energy Ohio [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | ' | ' |
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 27 | 34 |
Not Designated as Hedging Instrument [Member] | Duke Energy Ohio [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 27 | 27 |
Variable Interest Entity, Primary Beneficiary [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | $552 | $584 |
Derivatives_and_Hedging_Locati
Derivatives and Hedging (Location and Fair Value Amounts of Derivatives Reflected in the Condensed Consolidated Balance Sheets) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | $570 | $461 |
Location and fair value amounts of derivatives (Liability) | 913 | 636 |
Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 388 | 214 |
Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 175 | 233 |
Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 583 | 322 |
Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 314 | 299 |
Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 16 | 27 |
Location and fair value amounts of derivatives (Liability) | 38 | 23 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 16 | 27 |
Location and fair value amounts of derivatives (Liability) | ' | ' |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 14 | 18 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 23 | 4 |
Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 1 |
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 554 | 434 |
Location and fair value amounts of derivatives (Liability) | 875 | 613 |
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 1 |
Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 5 | 4 |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 36 | 201 |
Location and fair value amounts of derivatives (Liability) | ' | 158 |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 2 | ' |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 9 | 215 |
Location and fair value amounts of derivatives (Liability) | ' | 131 |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 9 | ' |
Location and fair value amounts of derivatives (Liability) | 2 | ' |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 4 | 13 |
Location and fair value amounts of derivatives (Liability) | 123 | 153 |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 346 | ' |
Location and fair value amounts of derivatives (Liability) | 445 | ' |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 5 |
Location and fair value amounts of derivatives (Liability) | 37 | 166 |
Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits and Other Liabilities Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 148 | ' |
Location and fair value amounts of derivatives (Liability) | 260 | ' |
Progress Energy [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 20 |
Location and fair value amounts of derivatives (Liability) | 144 | 204 |
Progress Energy [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 15 |
Progress Energy [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 5 |
Progress Energy [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 115 | 107 |
Progress Energy [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 29 | 93 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 5 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 4 |
Progress Energy [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 20 |
Location and fair value amounts of derivatives (Liability) | 144 | 199 |
Progress Energy [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 3 |
Location and fair value amounts of derivatives (Liability) | ' | 2 |
Progress Energy [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Progress Energy [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 11 |
Location and fair value amounts of derivatives (Liability) | 115 | 105 |
Progress Energy [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 4 |
Location and fair value amounts of derivatives (Liability) | 29 | 91 |
Duke Energy Progress [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 6 |
Location and fair value amounts of derivatives (Liability) | 48 | 71 |
Duke Energy Progress [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 3 |
Duke Energy Progress [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 3 |
Duke Energy Progress [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 40 | 41 |
Duke Energy Progress [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 8 | 30 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 1 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 1 |
Duke Energy Progress [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 6 |
Location and fair value amounts of derivatives (Liability) | 47 | 70 |
Duke Energy Progress [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Progress [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 2 |
Location and fair value amounts of derivatives (Liability) | 39 | 40 |
Duke Energy Progress [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Location and fair value amounts of derivatives (Liability) | 8 | 29 |
Duke Energy Florida [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 14 |
Location and fair value amounts of derivatives (Liability) | 96 | 129 |
Duke Energy Florida [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 12 |
Duke Energy Florida [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Duke Energy Florida [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 75 | 66 |
Duke Energy Florida [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 21 | 63 |
Duke Energy Florida [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 3 |
Location and fair value amounts of derivatives (Liability) | ' | 2 |
Duke Energy Florida [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 9 |
Location and fair value amounts of derivatives (Liability) | 75 | 64 |
Duke Energy Florida [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Location and fair value amounts of derivatives (Liability) | 21 | 63 |
Duke Energy Ohio [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 564 | 391 |
Location and fair value amounts of derivatives (Liability) | 778 | 390 |
Duke Energy Ohio [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 381 | 186 |
Duke Energy Ohio [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 183 | 205 |
Duke Energy Ohio [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 485 | 199 |
Duke Energy Ohio [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 293 | 186 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 564 | 391 |
Location and fair value amounts of derivatives (Liability) | 778 | 390 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | ' |
Location and fair value amounts of derivatives (Liability) | 4 | 4 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 186 |
Location and fair value amounts of derivatives (Liability) | ' | 163 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Assets, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 1 | ' |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 202 |
Location and fair value amounts of derivatives (Liability) | ' | 130 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Investments And Other Assets, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 9 | ' |
Location and fair value amounts of derivatives (Liability) | 2 | ' |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 1 |
Location and fair value amounts of derivatives (Liability) | ' | 36 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 378 | ' |
Location and fair value amounts of derivatives (Liability) | 484 | ' |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Location and fair value amounts of derivatives (Liability) | ' | 56 |
Duke Energy Ohio [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits and Other Liabilities Assets Held For Sale [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 174 | ' |
Location and fair value amounts of derivatives (Liability) | $287 | ' |
Derivatives_and_Hedging_Schedu
Derivatives and Hedging (Schedule of Offsetting Assets and Liabilities: Derivatives and Collateral Posted) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | $913 | $636 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 428 | 321 |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 570 | 461 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 85 | 145 |
Current Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 388 | 214 |
Gross amounts offset | -362 | -179 |
Net amount subject to master netting | 26 | 35 |
Amounts not subject to master netting | ' | ' |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 26 | 35 |
Investments And Other Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 175 | 233 |
Gross amounts offset | -127 | -138 |
Net amount subject to master netting | 48 | 95 |
Amounts not subject to master netting | 7 | 14 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 55 | 109 |
Other Current Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 583 | 322 |
Gross amounts offset | -402 | -192 |
Net amounts subject to master netting | 181 | 130 |
Amounts not subject to master netting | 3 | 4 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 184 | 134 |
Other Noncurrent Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 314 | 299 |
Gross amounts offset | -203 | -155 |
Net amounts subject to master netting | 111 | 144 |
Amounts not subject to master netting | 13 | 11 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 124 | 155 |
Progress Energy [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 144 | 204 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 142 | 187 |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 2 | 20 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 3 |
Progress Energy [Member] | Current Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 1 | 15 |
Gross amounts offset | -1 | -13 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 2 |
Progress Energy [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 1 | 5 |
Gross amounts offset | -1 | -4 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 1 |
Progress Energy [Member] | Other Current Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 115 | 107 |
Gross amounts offset | -1 | -17 |
Net amounts subject to master netting | 114 | 90 |
Amounts not subject to master netting | ' | ' |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 114 | 90 |
Progress Energy [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 29 | 93 |
Gross amounts offset | -1 | -10 |
Net amounts subject to master netting | 28 | 83 |
Amounts not subject to master netting | ' | 4 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 28 | 87 |
Duke Energy Progress [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 48 | 71 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 45 | 66 |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 3 | 6 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 1 |
Duke Energy Progress [Member] | Current Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 2 | 3 |
Gross amounts offset | -2 | -3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | ' |
Duke Energy Progress [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 1 | 3 |
Gross amounts offset | -1 | -3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | ' |
Duke Energy Progress [Member] | Other Current Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 40 | 41 |
Gross amounts offset | -2 | -3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 38 | 38 |
Duke Energy Progress [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 8 | 30 |
Gross amounts offset | -1 | -3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 7 | 27 |
Duke Energy Florida [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 96 | 129 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 97 | 116 |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 2 | 14 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 3 | 1 |
Duke Energy Florida [Member] | Current Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 1 | 12 |
Gross amounts offset | -1 | -10 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 2 |
Duke Energy Florida [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 1 | 2 |
Gross amounts offset | -1 | -2 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | ' |
Duke Energy Florida [Member] | Other Current Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 75 | 66 |
Gross amounts offset | -1 | -15 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 74 | 51 |
Duke Energy Florida [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 21 | 63 |
Gross amounts offset | -1 | -7 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 20 | 56 |
Duke Energy Ohio [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 778 | 390 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 221 | 95 |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 564 | 391 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 7 | 96 |
Duke Energy Ohio [Member] | Current Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 381 | 186 |
Gross amounts offset | -377 | -165 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 4 | 21 |
Duke Energy Ohio [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Offsetting Derivative Assets [Abstract] | ' | ' |
Gross amounts recognized | 183 | 205 |
Gross amounts offset | -177 | -132 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 6 | 73 |
Duke Energy Ohio [Member] | Other Current Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 485 | 199 |
Gross amounts offset | -419 | -173 |
Net amounts subject to master netting | 66 | 26 |
Amounts not subject to master netting | ' | 1 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 66 | 27 |
Duke Energy Ohio [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross amounts recognized | 293 | 186 |
Gross amounts offset | -251 | -143 |
Net amounts subject to master netting | 42 | 43 |
Amounts not subject to master netting | ' | 4 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | $42 | $47 |
Derivatives_and_Hedging_Cash_F
Derivatives and Hedging (Cash Flow Hedges - Location and Amount of Pretax Recognized in Comprehensive Income) (Details) (Designated As Hedging Instrument [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total Pretax Gains (Losses) Recorded in AOCI | ($6) | ' | ($15) | $72 |
Interest Rate Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax Gains (Losses) Recorded in AOCI, interest rate contracts | -6 | ' | -15 | 71 |
Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | -2 | ' | -7 | -2 |
Commodity Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax Gains (Losses) Recorded in AOCI, interest rate contracts | ' | ' | ' | ' |
Pretax Gains (Losses) Recorded in AOCI, commodity contracts | ' | ' | ' | $1 |
Derivatives_and_Hedging_Undesi
Derivatives and Hedging (Undesignated Contracts - Location and Amount of Pretax Gains and (Losses) Recognized in Income or As Regulatory Assets or Liabilities) (Details) (Not Designated as Hedging Instrument [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | ($278) | ($78) | ($807) | ($195) |
Pretax gains (losses) recognized as regulatory assets or liabilities | -15 | -11 | 27 | 27 |
Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 3 | -29 | 2 | -34 |
Commodity Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 1 | 6 | ' | 10 |
Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | 3 | ' | 10 |
Commodity Contracts [Member] | Revenue Non Regulated Electric Natural Gas And Other [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | -7 | ' | -7 |
Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 32 | -68 | 18 | -157 |
Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Non Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | -2 | ' | ' |
Commodity Contracts [Member] | Income (loss) from Discontinued Operations [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -319 | ' | -825 | -28 |
Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -7 | 12 | 9 | 51 |
Interest Rate Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -12 | ' | 16 | ' |
Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 9 | -4 | ' | -13 |
Progress Energy [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | 33 | -69 | 18 | -160 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 3 | -27 | 19 | -21 |
Progress Energy [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 3 | -31 | 19 | -34 |
Progress Energy [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 1 | 3 | ' | 10 |
Progress Energy [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 32 | -68 | 18 | -157 |
Progress Energy [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | 4 | ' | 13 |
Progress Energy [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | ' | -4 | ' | -13 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | 14 | -24 | 4 | -52 |
Pretax gains (losses) recognized as regulatory assets or liabilities | -19 | -8 | 21 | -8 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -19 | -11 | 21 | -18 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 1 | 3 | ' | 10 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 13 | -24 | 4 | -53 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | 3 | ' | 10 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | ' | -3 | ' | -9 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | 20 | -46 | 14 | -108 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 22 | -18 | -2 | -13 |
Duke Energy Florida [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 22 | -19 | -2 | -16 |
Duke Energy Florida [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 20 | -45 | 14 | -105 |
Duke Energy Florida [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | 1 | ' | 3 |
Duke Energy Florida [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | ' | -1 | ' | -3 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -303 | 3 | -888 | -29 |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | 5 | 3 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | -1 | ' |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Income (loss) from Discontinued Operations [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -303 | 3 | -887 | -28 |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | ' | 3 |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | 6 | ' |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | ' | ' | ($1) | ($1) |
Derivatives_and_Hedging_Deriva
Derivatives and Hedging (Derivative Instruments That Contain Credit-Risk Related Contingent Features and Cash Collateral) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Schedule of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | $688 | $525 |
Fair value of collateral already posted | 202 | 135 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 86 | 205 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 116 | 30 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | 86 | 122 |
Progress Energy [Member] | ' | ' |
Schedule of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 107 | 168 |
Fair value of collateral already posted | ' | 10 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 107 | 158 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | ' | 10 |
Duke Energy Progress [Member] | ' | ' |
Schedule of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 38 | 60 |
Fair value of collateral already posted | ' | ' |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 38 | 60 |
Duke Energy Florida [Member] | ' | ' |
Schedule of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 69 | 108 |
Fair value of collateral already posted | ' | 10 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 69 | 98 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | ' | 10 |
Duke Energy Ohio [Member] | ' | ' |
Schedule of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 688 | 355 |
Fair value of collateral already posted | 202 | 125 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 86 | 47 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 116 | 19 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | $86 | $115 |
Investments_in_Debt_and_Equity2
Investments in Debt and Equity Securities (Narrative) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Trading Securities | $7 | $18 |
Short-Term investments | ' | $44 |
Investments_in_Debt_and_Equity3
Investments in Debt and Equity Securities (Available-For-Sale Investments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | $2,011 | $1,884 | ||
Gross Unrealized Holding Losses | 42 | 47 | ||
Estimated Fair Value | 5,747 | 5,551 | ||
Ndtf [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1,973 | 1,852 | ||
Gross Unrealized Holding Losses | 37 | 36 | ||
Estimated Fair Value | 5,374 | 5,133 | ||
Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 74 | 110 | ||
Ndtf [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1,943 | 1,813 | ||
Gross Unrealized Holding Losses | 28 | 10 | ||
Estimated Fair Value | 3,825 | 3,579 | ||
Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 13 | 8 | ||
Gross Unrealized Holding Losses | 3 | 6 | ||
Estimated Fair Value | 493 | 400 | ||
Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 5 | 2 | ||
Gross Unrealized Holding Losses | 1 | 6 | ||
Estimated Fair Value | 132 | 160 | ||
Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 12 | 7 | ||
Gross Unrealized Holding Losses | 4 | 12 | ||
Estimated Fair Value | 713 | 730 | ||
Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | 22 | ||
Gross Unrealized Holding Losses | 1 | 2 | ||
Estimated Fair Value | 137 | 154 | ||
Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 38 | [1] | 32 | [1] |
Gross Unrealized Holding Losses | 5 | [1] | 11 | [1] |
Estimated Fair Value | 373 | [1] | 418 | [1] |
Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 16 | 21 | ||
Other Classification [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 32 | 29 | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 95 | 91 | ||
Other Classification [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 2 | 1 | ||
Gross Unrealized Holding Losses | ' | 1 | ||
Estimated Fair Value | 68 | 99 | ||
Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 2 | ||
Gross Unrealized Holding Losses | ' | 2 | ||
Estimated Fair Value | 82 | 79 | ||
Other Classification [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 16 | 17 | ||
Other Classification [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1 | ' | ||
Gross Unrealized Holding Losses | 5 | 8 | ||
Estimated Fair Value | 96 | 111 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1,058 | 1,004 | ||
Gross Unrealized Holding Losses | 24 | 23 | ||
Estimated Fair Value | 2,972 | 2,837 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1,058 | 1,004 | ||
Gross Unrealized Holding Losses | 23 | 22 | ||
Estimated Fair Value | 2,969 | 2,834 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 39 | 42 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1,046 | 974 | ||
Gross Unrealized Holding Losses | 17 | 6 | ||
Estimated Fair Value | 2,124 | 1,964 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 7 | 5 | ||
Gross Unrealized Holding Losses | 3 | 5 | ||
Estimated Fair Value | 345 | 274 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 1 | ' | ||
Gross Unrealized Holding Losses | ' | 2 | ||
Estimated Fair Value | 22 | 54 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 3 | ||
Gross Unrealized Holding Losses | 2 | 7 | ||
Estimated Fair Value | 317 | 354 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | 22 | ||
Gross Unrealized Holding Losses | 1 | 2 | ||
Estimated Fair Value | 122 | 146 | ||
Duke Energy Carolinas [Member] | Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | [1] | |
Gross Unrealized Holding Losses | 1 | [1] | 1 | [1] |
Estimated Fair Value | 3 | [1] | 3 | [1] |
Duke Energy Carolinas [Member] | Other Classification [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | 1 | 1 | ||
Estimated Fair Value | 3 | 3 | ||
Progress Energy [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 918 | 849 | ||
Gross Unrealized Holding Losses | 14 | 14 | ||
Estimated Fair Value | 2,463 | 2,358 | ||
Progress Energy [Member] | Ndtf [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 915 | 848 | ||
Gross Unrealized Holding Losses | 14 | 14 | ||
Estimated Fair Value | 2,405 | 2,299 | ||
Progress Energy [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 35 | 68 | ||
Progress Energy [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 897 | 839 | ||
Gross Unrealized Holding Losses | 11 | 4 | ||
Estimated Fair Value | 1,701 | 1,615 | ||
Progress Energy [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 6 | 3 | ||
Gross Unrealized Holding Losses | ' | 1 | ||
Estimated Fair Value | 148 | 126 | ||
Progress Energy [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 2 | ||
Gross Unrealized Holding Losses | 1 | 4 | ||
Estimated Fair Value | 110 | 106 | ||
Progress Energy [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 8 | 4 | ||
Gross Unrealized Holding Losses | 2 | 5 | ||
Estimated Fair Value | 396 | 376 | ||
Progress Energy [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 15 | 8 | ||
Progress Energy [Member] | Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 3 | [1] | 1 | [1] |
Gross Unrealized Holding Losses | ' | [1] | ' | [1] |
Estimated Fair Value | 58 | [1] | 59 | [1] |
Progress Energy [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 15 | 20 | ||
Progress Energy [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 1 | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 43 | 39 | ||
Duke Energy Progress [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 588 | 544 | ||
Gross Unrealized Holding Losses | 10 | 11 | ||
Estimated Fair Value | 1,625 | 1,540 | ||
Duke Energy Progress [Member] | Ndtf [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 588 | 544 | ||
Gross Unrealized Holding Losses | 10 | 11 | ||
Estimated Fair Value | 1,623 | 1,538 | ||
Duke Energy Progress [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 28 | 48 | ||
Duke Energy Progress [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 574 | 535 | ||
Gross Unrealized Holding Losses | 7 | 3 | ||
Estimated Fair Value | 1,127 | 1,069 | ||
Duke Energy Progress [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 3 | ||
Gross Unrealized Holding Losses | ' | 1 | ||
Estimated Fair Value | 95 | 80 | ||
Duke Energy Progress [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 2 | ||
Gross Unrealized Holding Losses | 1 | 4 | ||
Estimated Fair Value | 108 | 104 | ||
Duke Energy Progress [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 6 | 4 | ||
Gross Unrealized Holding Losses | 2 | 3 | ||
Estimated Fair Value | 257 | 232 | ||
Duke Energy Progress [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 8 | 5 | ||
Duke Energy Progress [Member] | Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | [1] | ' | [1] |
Gross Unrealized Holding Losses | ' | [1] | ' | [1] |
Estimated Fair Value | 2 | [1] | 2 | [1] |
Duke Energy Progress [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 2 | 2 | ||
Duke Energy Florida [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 330 | 305 | ||
Gross Unrealized Holding Losses | 4 | 3 | ||
Estimated Fair Value | 825 | 803 | ||
Duke Energy Florida [Member] | Ndtf [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 327 | 304 | ||
Gross Unrealized Holding Losses | 4 | 3 | ||
Estimated Fair Value | 782 | 761 | ||
Duke Energy Florida [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 7 | 20 | ||
Duke Energy Florida [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 323 | 304 | ||
Gross Unrealized Holding Losses | 4 | 1 | ||
Estimated Fair Value | 574 | 546 | ||
Duke Energy Florida [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 2 | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 53 | 46 | ||
Duke Energy Florida [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 2 | 2 | ||
Duke Energy Florida [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 2 | ' | ||
Gross Unrealized Holding Losses | ' | 2 | ||
Estimated Fair Value | 139 | 144 | ||
Duke Energy Florida [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 7 | 3 | ||
Duke Energy Florida [Member] | Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 3 | [1] | 1 | [1] |
Gross Unrealized Holding Losses | ' | [1] | ' | [1] |
Estimated Fair Value | 43 | [1] | 42 | [1] |
Duke Energy Florida [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | ' | 3 | ||
Duke Energy Florida [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 1 | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 43 | 39 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 26 | 24 | ||
Gross Unrealized Holding Losses | ' | 1 | ||
Estimated Fair Value | 99 | 94 | ||
Duke Energy Indiana [Member] | Other Classification [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 26 | [1] | 24 | [1] |
Gross Unrealized Holding Losses | ' | [1] | 1 | [1] |
Estimated Fair Value | 99 | [1] | 94 | [1] |
Duke Energy Indiana [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 1 | 1 | ||
Duke Energy Indiana [Member] | Other Classification [Member] | Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | 26 | 24 | ||
Gross Unrealized Holding Losses | ' | ' | ||
Estimated Fair Value | 68 | 65 | ||
Duke Energy Indiana [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Gross Unrealized Holding Gains | ' | ' | ||
Gross Unrealized Holding Losses | ' | 1 | ||
Estimated Fair Value | $30 | $28 | ||
[1] | These amounts are recorded in Other with Investments and Other Assets on the Condensed Consolidated Balance Sheets. |
Investments_in_Debt_and_Equity4
Investments in Debt and Equity Securities (Maturities) (Details) (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | |
Debt Instrument [Line Items] | ' |
Due in one year or less | $33 |
Due after one through five years | 452 |
Due after five through 10 years | 457 |
Due after 10 years | 795 |
Total | 1,737 |
Duke Energy Carolinas [Member] | ' |
Debt Instrument [Line Items] | ' |
Due in one year or less | 2 |
Due after one through five years | 171 |
Due after five through 10 years | 256 |
Due after 10 years | 380 |
Total | 809 |
Progress Energy [Member] | ' |
Debt Instrument [Line Items] | ' |
Due in one year or less | 21 |
Due after one through five years | 218 |
Due after five through 10 years | 145 |
Due after 10 years | 328 |
Total | 712 |
Duke Energy Progress [Member] | ' |
Debt Instrument [Line Items] | ' |
Due in one year or less | 10 |
Due after one through five years | 147 |
Due after five through 10 years | 94 |
Due after 10 years | 217 |
Total | 468 |
Duke Energy Florida [Member] | ' |
Debt Instrument [Line Items] | ' |
Due in one year or less | 11 |
Due after one through five years | 71 |
Due after five through 10 years | 51 |
Due after 10 years | 111 |
Total | 244 |
Duke Energy Indiana [Member] | ' |
Debt Instrument [Line Items] | ' |
Due in one year or less | 1 |
Due after one through five years | 18 |
Due after five through 10 years | 8 |
Due after 10 years | 3 |
Total | $30 |
Investments_in_Debt_and_Equity5
Investments in Debt and Equity Securities (Realized Gains and Losses)(Details) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' |
Realized gains | $28 | $72 | $90 | $135 |
Realized losses | 51 | 16 | 57 | 38 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' |
Realized gains | 20 | 49 | 72 | 95 |
Realized losses | 48 | 1 | 50 | 11 |
Progress Energy [Member] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' |
Realized gains | 8 | 22 | 17 | 37 |
Realized losses | 3 | 11 | 6 | 20 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' |
Realized gains | 4 | 7 | 11 | 15 |
Realized losses | 2 | 2 | 4 | 6 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' |
Realized gains | 3 | 14 | 5 | 22 |
Realized losses | $1 | $9 | $2 | $13 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Measurement Amounts for Assets and Liabilities) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | $85 | $145 |
Assets, fair value disclosure | 5,839 | 5,712 |
Derivative liabilities | -428 | -321 |
Net assets, fair value | 5,411 | 5,391 |
Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 6 | 33 |
Assets, fair value disclosure | 4,170 | 4,057 |
Derivative liabilities | -119 | 11 |
Net assets, fair value | 4,051 | 4,068 |
Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 45 | 70 |
Assets, fair value disclosure | 1,448 | 1,515 |
Derivative liabilities | -253 | -303 |
Net assets, fair value | 1,195 | 1,212 |
Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 34 | 42 |
Assets, fair value disclosure | 221 | 140 |
Derivative liabilities | -56 | -29 |
Net assets, fair value | 165 | 111 |
Equity Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3,824 | 3,579 |
Equity Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3,649 | 3,495 |
Equity Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 57 |
Equity Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 172 | 27 |
Equity Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 96 | 102 |
Equity Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 96 | 91 |
Equity Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 11 |
Equity Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Debt Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,550 | 1,553 |
Debt Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 388 | 402 |
Debt Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,162 | 1,100 |
Debt Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 51 |
Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 284 | 333 |
Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 31 | 36 |
Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 238 | 277 |
Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 15 | 20 |
Duke Energy Carolinas [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 2,837 |
Derivative liabilities | ' | -2 |
Net assets, fair value | 2,972 | 2,835 |
Duke Energy Carolinas [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 2,047 |
Derivative liabilities | ' | ' |
Net assets, fair value | 2,099 | 2,047 |
Duke Energy Carolinas [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 709 |
Derivative liabilities | ' | ' |
Net assets, fair value | 698 | 709 |
Duke Energy Carolinas [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 81 |
Derivative liabilities | ' | -2 |
Net assets, fair value | 175 | 79 |
Duke Energy Carolinas [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 2,124 | 1,964 |
Duke Energy Carolinas [Member] | Equity Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,949 | 1,879 |
Duke Energy Carolinas [Member] | Equity Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 58 |
Duke Energy Carolinas [Member] | Equity Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 172 | 27 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 845 | 870 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 150 | 168 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 695 | 651 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 51 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 3 |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Carolinas [Member] | Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 3 |
Progress Energy [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | 3 |
Assets, fair value disclosure | 2,463 | 2,353 |
Derivative liabilities | -142 | -187 |
Net assets, fair value | 2,321 | 2,166 |
Progress Energy [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | 1,953 | 1,867 |
Derivative liabilities | ' | ' |
Net assets, fair value | 1,953 | 1,867 |
Progress Energy [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | 3 |
Assets, fair value disclosure | 510 | 486 |
Derivative liabilities | -142 | -187 |
Net assets, fair value | 368 | 299 |
Progress Energy [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | ' | ' |
Derivative liabilities | ' | ' |
Net assets, fair value | ' | ' |
Progress Energy [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,700 | 1,615 |
Progress Energy [Member] | Equity Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,700 | 1,615 |
Progress Energy [Member] | Equity Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Progress Energy [Member] | Equity Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Progress Energy [Member] | Debt Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 705 | 677 |
Progress Energy [Member] | Debt Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 238 | 233 |
Progress Energy [Member] | Debt Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 467 | 444 |
Progress Energy [Member] | Debt Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Progress Energy [Member] | Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 58 | 58 |
Progress Energy [Member] | Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 15 | 19 |
Progress Energy [Member] | Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 43 | 39 |
Progress Energy [Member] | Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Progress [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | 1 |
Assets, fair value disclosure | 1,625 | 1,543 |
Derivative liabilities | -45 | -66 |
Net assets, fair value | 1,580 | 1,477 |
Duke Energy Progress [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | 1,283 | 1,209 |
Derivative liabilities | ' | ' |
Net assets, fair value | 1,283 | 1,209 |
Duke Energy Progress [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | 1 |
Assets, fair value disclosure | 342 | 334 |
Derivative liabilities | -45 | -66 |
Net assets, fair value | 297 | 268 |
Duke Energy Progress [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | ' | ' |
Derivative liabilities | ' | ' |
Net assets, fair value | ' | ' |
Duke Energy Progress [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,126 | 1,069 |
Duke Energy Progress [Member] | Equity Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,126 | 1,069 |
Duke Energy Progress [Member] | Equity Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Progress [Member] | Equity Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Progress [Member] | Debt Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 497 | 470 |
Duke Energy Progress [Member] | Debt Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 155 | 137 |
Duke Energy Progress [Member] | Debt Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 342 | 333 |
Duke Energy Progress [Member] | Debt Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Progress [Member] | Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 2 | 3 |
Duke Energy Progress [Member] | Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 2 | 3 |
Duke Energy Progress [Member] | Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Progress [Member] | Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Florida [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 3 | 1 |
Assets, fair value disclosure | 828 | 801 |
Derivative liabilities | -97 | -116 |
Net assets, fair value | 731 | 685 |
Duke Energy Florida [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | 657 | 644 |
Derivative liabilities | ' | ' |
Net assets, fair value | 657 | 644 |
Duke Energy Florida [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 3 | 1 |
Assets, fair value disclosure | 171 | 157 |
Derivative liabilities | -97 | -116 |
Net assets, fair value | 74 | 41 |
Duke Energy Florida [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Assets, fair value disclosure | ' | ' |
Derivative liabilities | ' | ' |
Net assets, fair value | ' | ' |
Duke Energy Florida [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 574 | 546 |
Duke Energy Florida [Member] | Equity Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 574 | 546 |
Duke Energy Florida [Member] | Equity Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Florida [Member] | Equity Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Florida [Member] | Debt Securities [Member] | Ndtf [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 208 | 214 |
Duke Energy Florida [Member] | Debt Securities [Member] | Ndtf [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 83 | 96 |
Duke Energy Florida [Member] | Debt Securities [Member] | Ndtf [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 125 | 118 |
Duke Energy Florida [Member] | Debt Securities [Member] | Ndtf [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Florida [Member] | Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 43 | 40 |
Duke Energy Florida [Member] | Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 2 |
Duke Energy Florida [Member] | Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 43 | 38 |
Duke Energy Florida [Member] | Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | ' |
Duke Energy Ohio [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 7 | 96 |
Derivative liabilities | -221 | -95 |
Net assets, fair value | -214 | 1 |
Duke Energy Ohio [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | 50 |
Derivative liabilities | -114 | -1 |
Net assets, fair value | -114 | 49 |
Duke Energy Ohio [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 3 | 21 |
Derivative liabilities | -48 | -65 |
Net assets, fair value | -45 | -44 |
Duke Energy Ohio [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 4 | 25 |
Derivative liabilities | -59 | -29 |
Net assets, fair value | -55 | -4 |
Duke Energy Indiana [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 23 | 12 |
Net assets, fair value | 122 | 106 |
Duke Energy Indiana [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 1 | ' |
Net assets, fair value | 70 | 65 |
Duke Energy Indiana [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | ' | ' |
Net assets, fair value | 30 | 29 |
Duke Energy Indiana [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 22 | 12 |
Net assets, fair value | 22 | 12 |
Duke Energy Indiana [Member] | Equity Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale equity securities | 69 | 65 |
Duke Energy Indiana [Member] | Equity Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale equity securities | 69 | 65 |
Duke Energy Indiana [Member] | Equity Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale equity securities | ' | ' |
Duke Energy Indiana [Member] | Equity Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale equity securities | ' | ' |
Duke Energy Indiana [Member] | Debt Securities [Member] | Other Classification [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale debt securities | 30 | 29 |
Duke Energy Indiana [Member] | Debt Securities [Member] | Other Classification [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale debt securities | ' | ' |
Duke Energy Indiana [Member] | Debt Securities [Member] | Other Classification [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale debt securities | 30 | 29 |
Duke Energy Indiana [Member] | Debt Securities [Member] | Other Classification [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale debt securities | ' | ' |
Fair_Value_Measurements_Reconc
Fair Value Measurements (Reconciliation of Assets and Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Investments | ' | ' | ' | ' |
Beginning balance | $210 | $10 | $111 | $13 |
Total pretax gains (losses) included in earnings | -33 | 13 | -21 | -8 |
Total pretax gains (losses) included in comprehensive income | ' | 1 | ' | -1 |
Purchases | 12 | 2 | 79 | 26 |
Sales | -13 | -2 | -15 | -5 |
Issuances | 1 | 4 | ' | 9 |
Settlements | ' | -5 | -45 | -8 |
Transfers in and/or out of level 3 | -1 | 34 | 64 | 34 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -6 | 2 | -3 | -1 |
Ending balance | 170 | 59 | 170 | 59 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 22 | -87 | 13 | -85 |
Total pretax gains (losses) included in earnings | -33 | 13 | -21 | -8 |
Total pretax gains (losses) included in comprehensive income | ' | ' | ' | ' |
Purchases | -1 | ' | 50 | 21 |
Sales | ' | ' | ' | ' |
Issuances | 1 | 4 | ' | 9 |
Settlements | ' | -3 | -45 | -5 |
Transfers out of level 3 | -1 | 34 | -4 | 34 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -10 | 1 | -15 | -4 |
Ending balance | -22 | -38 | -22 | -38 |
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | -49 | ' | -49 | ' |
Investments [Member] | ' | ' | ' | ' |
Investments | ' | ' | ' | ' |
Beginning balance | 188 | 97 | 98 | 98 |
Total pretax gains (losses) included in earnings | ' | ' | ' | ' |
Total pretax gains (losses) included in comprehensive income | ' | 1 | ' | -1 |
Purchases | 13 | 2 | 29 | 5 |
Sales | -13 | -2 | -15 | -5 |
Issuances | ' | ' | ' | ' |
Settlements | ' | -2 | ' | -3 |
Transfers in and/or out of level 3 | ' | ' | 68 | ' |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | 1 | 12 | 3 |
Ending balance | 192 | 97 | 192 | 97 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | ' | ' | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Investments | ' | ' | ' | ' |
Beginning balance | 168 | 70 | 79 | 60 |
Purchases | 13 | 2 | 29 | 5 |
Sales | -13 | -2 | -15 | -5 |
Settlements | 3 | ' | 2 | 8 |
Transfers in and/or out of level 3 | ' | ' | 68 | ' |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | 1 | 12 | 3 |
Ending balance | 175 | 71 | 175 | 71 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | -3 | -4 | -2 | -12 |
Purchases | ' | ' | ' | ' |
Sales | ' | ' | ' | ' |
Settlements | 3 | ' | 2 | 8 |
Transfers out of level 3 | ' | ' | ' | ' |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ' | ' | ' | ' |
Ending balance | ' | -4 | ' | -4 |
Duke Energy Carolinas [Member] | Investments [Member] | ' | ' | ' | ' |
Investments | ' | ' | ' | ' |
Beginning balance | 171 | 74 | 81 | 72 |
Purchases | 13 | 2 | 29 | 5 |
Sales | -13 | -2 | -15 | -5 |
Settlements | ' | ' | ' | ' |
Transfers in and/or out of level 3 | ' | ' | 68 | ' |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 4 | 1 | 12 | 3 |
Ending balance | 175 | 75 | 175 | 75 |
Progress Energy [Member] | ' | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | ' | -35 | ' | -38 |
Issuances | ' | 2 | ' | 10 |
Transfers out of level 3 | 2 | 34 | ' | 34 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -2 | -1 | ' | -6 |
Ending balance | ' | ' | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | ' | -35 | ' | -38 |
Issuances | ' | ' | ' | 9 |
Settlements | ' | 2 | ' | ' |
Transfers out of level 3 | ' | 34 | ' | 34 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ' | -1 | ' | -5 |
Ending balance | ' | ' | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | -28 | -19 | -4 | -6 |
Total pretax gains (losses) included in earnings | -24 | 11 | -43 | -4 |
Purchases | ' | ' | 1 | 1 |
Settlements | -2 | 2 | -6 | ' |
Transfers out of level 3 | ' | ' | -4 | ' |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -1 | ' | 1 | 3 |
Ending balance | -55 | -6 | -55 | -6 |
Pretax amounts included in the Condensed Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | ' | ' | -52 | ' |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 45 | 18 | 12 | 10 |
Total pretax gains (losses) included in earnings | -13 | 3 | 14 | 5 |
Purchases | ' | ' | 49 | 20 |
Settlements | ' | -10 | -38 | -23 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -10 | 3 | -15 | 2 |
Ending balance | $22 | $14 | $22 | $14 |
Fair_Value_Measurements_Quanti
Fair Value Measurements (Quantitative Level 3 Fair Value Disclosure) (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||||||
Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Maximum [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | |||||||||||||||||||||||||||||||||||||||
Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Maximum [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | RTO Auction Pricing [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net derivative asset (liability) | ($22) | $22 | $13 | ($38) | ($87) | ($85) | ($33) | ($2) | ' | ' | ' | ' | ($2) | ' | ' | $22 | $12 | ' | ' | ' | ' | ($2) | $23 | ' | ' | ' | ' | $5 | $4 | ' | ' | ' | ' | ($14) | ($22) | ' | ($3) | ($2) | ($4) | ($4) | ($12) | ($2) | ' | ' | ' | ' | ' | ' | ($35) | ($38) | ' | ' | ' | ' | ($35) | ($38) | ($55) | ($28) | ($4) | ($6) | ($19) | ($6) | ($33) | ($2) | ' | ' | ' | ' | ($10) | $18 | ' | ' | ' | ' | ($12) | ($20) | $22 | $45 | $12 | $14 | $18 | $10 | $22 | $12 | ' | ' | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | ' | ' | ' | ' | ' | ' | ' | 2.45 | 3.07 | 4.66 | 5.37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.45 | 3.07 | 4.66 | 5.37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value inputs, price per MWh | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.79 | 52.38 | ' | ' | -2.47 | -0.3 | 12.92 | 13.8 | ' | ' | 25.18 | 20.77 | 59.17 | 58.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.79 | 52.38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.35 | 20.77 | 59.6 | 58.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2.47 | -0.3 | 12.92 | 13.8 |
Fair Value Inputs Price Per MW day | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28.6 | 30.4 | 189.25 | 165.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_Measurements_Additi
Fair Value Measurements (Additional Fair Value Disclosure) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | $39,858 | $40,256 |
Long-term debt, fair value | 43,602 | 42,592 |
Duke Energy Carolinas [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 8,394 | 8,436 |
Long-term debt, fair value | 9,426 | 9,123 |
Progress Energy [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 14,512 | 14,115 |
Long-term debt, fair value | 16,305 | 15,234 |
Duke Energy Progress [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 5,716 | 5,235 |
Long-term debt, fair value | 6,013 | 5,323 |
Duke Energy Florida [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 5,102 | 4,886 |
Long-term debt, fair value | 5,867 | 5,408 |
Duke Energy Ohio [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 1,783 | 2,188 |
Long-term debt, fair value | 1,967 | 2,237 |
Duke Energy Indiana [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt | 3,795 | 3,796 |
Long-term debt, fair value | $4,356 | $4,171 |
Variable_Interest_Entities_Nar
Variable Interest Entities (Narrative) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Cinergy Receivables [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Minimum equity balance required by Cinergy Receivables | $3 |
Line of Credit Facility, Expiration Date | 1-Nov-16 |
Cinergy Receivables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Percent of proceeds received as cash | 75.00% |
Percent of proceeds received as subordinated note | 25.00% |
Duke Energy Carolinas [Member] | DERF [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Line of Credit Facility, Expiration Date | 1-Oct-16 |
Duke Energy Progress [Member] | DEPR [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Line of Credit Facility, Expiration Date | 1-Dec-16 |
Duke Energy Florida [Member] | DEFR [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Line of Credit Facility, Expiration Date | 1-Mar-17 |
Duke Energy Ohio [Member] | Cinergy Receivables [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Fixed interest rate added to LIBOR to compute variable rate | 1.00% |
Duke Energy Ohio [Member] | Other VIEs [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Ownership interest in OVEC | 9.00% |
Duke Energy Indiana [Member] | Cinergy Receivables [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Fixed interest rate added to LIBOR to compute variable rate | 1.00% |
Variable_Interest_Entities_Sch
Variable Interest Entities (Schedule of Consolidated VIEs) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | $2,069 | $1,719 | ||
Other current assets | 1,954 | 1,821 | ||
Investments and other assets | 3,287 | 3,432 | ||
Property, plant and equipment, cost | 104,140 | 103,115 | ||
Accumulated depreciation and amortization | -34,545 | -33,625 | ||
Other deferred debits | 174 | 181 | ||
Accounts payable | 1,801 | 2,391 | ||
Current maturities of long-term debt | 1,156 | 2,104 | ||
Other current liabilities | 1,868 | 1,996 | ||
Long-Term Debt | 38,702 | 38,152 | ||
Deferred income taxes | 12,989 | 12,097 | ||
Asset retirement obligation | 8,499 | 4,950 | ||
Other liabilities | 1,823 | 1,749 | ||
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 2,069 | 1,719 | ||
Other current assets | 154 | 101 | ||
Investments and other assets | 63 | 80 | ||
Property, plant and equipment, cost | 1,874 | [1] | 1,680 | [1] |
Accumulated depreciation and amortization | -237 | -175 | ||
Other deferred debits | 37 | 36 | ||
Total assets | 3,960 | 3,441 | ||
Accounts payable | 2 | 2 | ||
Taxes accrued | 6 | 10 | ||
Current maturities of long-term debt | 83 | 80 | ||
Other current liabilities | 38 | 27 | ||
Long-Term Debt | 2,260 | [2] | 1,966 | [2] |
Deferred income taxes | 292 | 290 | ||
Asset retirement obligation | 31 | 26 | ||
Other liabilities | 43 | 31 | ||
Total liabilities | 2,755 | 2,432 | ||
Net assets of consolidated VIEs | 1,205 | 1,009 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 695 | 673 | ||
Other current assets | 247 | 309 | ||
Investments and other assets | 975 | 1,000 | ||
Property, plant and equipment, cost | 37,670 | 34,906 | ||
Accumulated depreciation and amortization | -12,544 | -11,894 | ||
Other deferred debits | 42 | 46 | ||
Accounts payable | 514 | 701 | ||
Current maturities of long-term debt | 7 | 47 | ||
Other current liabilities | 399 | 393 | ||
Long-Term Debt | 8,087 | 8,089 | ||
Deferred income taxes | 5,725 | 5,706 | ||
Asset retirement obligation | 3,691 | 1,594 | ||
Other liabilities | 663 | 676 | ||
Duke Energy Progress [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 475 | 417 | ||
Other current assets | 261 | 296 | ||
Investments and other assets | 475 | 443 | ||
Property, plant and equipment, cost | 23,511 | 22,273 | ||
Accumulated depreciation and amortization | -8,931 | -8,623 | ||
Other deferred debits | 34 | 32 | ||
Accounts payable | 305 | 420 | ||
Current maturities of long-term debt | 306 | 174 | ||
Other current liabilities | 344 | 392 | ||
Long-Term Debt | 5,410 | 5,061 | ||
Deferred income taxes | 2,729 | 2,557 | ||
Asset retirement obligation | 3,206 | 1,729 | ||
Other liabilities | 159 | 222 | ||
Duke Energy Florida [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 403 | ' | ||
Other current assets | 230 | 182 | ||
Investments and other assets | 261 | 252 | ||
Property, plant and equipment, cost | 14,275 | 13,863 | ||
Accumulated depreciation and amortization | -4,460 | -4,252 | ||
Other deferred debits | 42 | 44 | ||
Accounts payable | 331 | 333 | ||
Current maturities of long-term debt | 12 | 11 | ||
Other current liabilities | 370 | 445 | ||
Long-Term Debt | 5,090 | 4,875 | ||
Deferred income taxes | 2,109 | 1,829 | ||
Asset retirement obligation | 809 | 833 | ||
Other liabilities | 270 | 255 | ||
DERF [Member] | Duke Energy Carolinas [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 695 | 673 | ||
Other current assets | ' | ' | ||
Investments and other assets | ' | ' | ||
Property, plant and equipment, cost | ' | ' | ||
Accumulated depreciation and amortization | ' | ' | ||
Other deferred debits | 1 | 1 | ||
Total assets | 696 | 674 | ||
Accounts payable | ' | ' | ||
Taxes accrued | ' | ' | ||
Current maturities of long-term debt | ' | ' | ||
Other current liabilities | ' | ' | ||
Long-Term Debt | 400 | [2] | 400 | [2] |
Deferred income taxes | ' | ' | ||
Asset retirement obligation | ' | ' | ||
Other liabilities | ' | 1 | ||
Total liabilities | 400 | 401 | ||
Net assets of consolidated VIEs | 296 | 273 | ||
DEPR [Member] | Duke Energy Progress [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 474 | 416 | ||
Other current assets | ' | ' | ||
Investments and other assets | ' | ' | ||
Property, plant and equipment, cost | ' | ' | ||
Accumulated depreciation and amortization | ' | ' | ||
Other deferred debits | ' | 1 | ||
Total assets | 474 | 417 | ||
Accounts payable | ' | ' | ||
Taxes accrued | ' | ' | ||
Current maturities of long-term debt | ' | ' | ||
Other current liabilities | ' | ' | ||
Long-Term Debt | 300 | [2] | 300 | [2] |
Deferred income taxes | ' | ' | ||
Asset retirement obligation | ' | ' | ||
Other liabilities | ' | ' | ||
Total liabilities | 300 | 300 | ||
Net assets of consolidated VIEs | 174 | 117 | ||
DEFR [Member] | Duke Energy Florida [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 403 | ' | ||
Other current assets | ' | ' | ||
Investments and other assets | ' | ' | ||
Property, plant and equipment, cost | ' | ' | ||
Accumulated depreciation and amortization | ' | ' | ||
Other deferred debits | 1 | ' | ||
Total assets | 404 | ' | ||
Accounts payable | ' | ' | ||
Taxes accrued | ' | ' | ||
Current maturities of long-term debt | ' | ' | ||
Other current liabilities | ' | ' | ||
Long-Term Debt | 225 | [2] | ' | |
Deferred income taxes | ' | ' | ||
Asset retirement obligation | ' | ' | ||
Other liabilities | ' | ' | ||
Total liabilities | 225 | ' | ||
Net assets of consolidated VIEs | 179 | ' | ||
Cinergy Receivables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 465 | 595 | ||
Other current assets | ' | ' | ||
Investments and other assets | ' | ' | ||
Property, plant and equipment, cost | ' | ' | ||
Accumulated depreciation and amortization | ' | ' | ||
Other deferred debits | ' | ' | ||
Total assets | 465 | 595 | ||
Accounts payable | ' | ' | ||
Taxes accrued | ' | ' | ||
Current maturities of long-term debt | ' | ' | ||
Other current liabilities | ' | ' | ||
Long-Term Debt | 325 | [2] | 325 | [2] |
Deferred income taxes | ' | ' | ||
Asset retirement obligation | ' | ' | ||
Other liabilities | ' | ' | ||
Total liabilities | 325 | 325 | ||
Net assets of consolidated VIEs | 140 | 270 | ||
Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 12 | 18 | ||
Other current assets | 141 | 89 | ||
Investments and other assets | 29 | 29 | ||
Property, plant and equipment, cost | 1,856 | [1] | 1,662 | [1] |
Accumulated depreciation and amortization | -232 | -170 | ||
Other deferred debits | 35 | 34 | ||
Total assets | 1,841 | 1,662 | ||
Accounts payable | 2 | 2 | ||
Taxes accrued | 6 | 10 | ||
Current maturities of long-term debt | 67 | 66 | ||
Other current liabilities | 26 | 17 | ||
Long-Term Debt | 989 | [2] | 907 | [2] |
Deferred income taxes | 292 | 290 | ||
Asset retirement obligation | 31 | 26 | ||
Other liabilities | 33 | 17 | ||
Total liabilities | 1,446 | 1,335 | ||
Net assets of consolidated VIEs | 395 | 327 | ||
Other VIEs [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] | ' | ' | ||
Restricted receivables of VIEs | 20 | 17 | ||
Other current assets | 13 | 12 | ||
Investments and other assets | 34 | 51 | ||
Property, plant and equipment, cost | 18 | [1] | 18 | [1] |
Accumulated depreciation and amortization | -5 | -5 | ||
Other deferred debits | ' | ' | ||
Total assets | 80 | 93 | ||
Accounts payable | ' | ' | ||
Taxes accrued | ' | ' | ||
Current maturities of long-term debt | 16 | 14 | ||
Other current liabilities | 12 | 10 | ||
Long-Term Debt | 21 | [2] | 34 | [2] |
Deferred income taxes | ' | ' | ||
Asset retirement obligation | ' | ' | ||
Other liabilities | 10 | 13 | ||
Total liabilities | 59 | 71 | ||
Net assets of consolidated VIEs | $21 | $22 | ||
[1] | Restricted as collateral for non-recourse debt of VIEs. | |||
[2] | Non-recourse to the general assets of the applicable registrant. |
Variable_Interest_Entities_Sch1
Variable Interest Entities (Schedule of Accounts Receivable Securitizations) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | $2,222,000,000 |
Duke Energy Progress [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | 650,000,000 |
Duke Energy Florida [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | 225,000,000 |
DERF [Member] | Duke Energy Carolinas [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | 400,000,000 |
Line of Credit Facility, Expiration Date | 1-Oct-16 |
DEPR [Member] | Duke Energy Progress [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | 300,000,000 |
Line of Credit Facility, Expiration Date | 1-Dec-16 |
DEFR [Member] | Duke Energy Florida [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' |
Variable Interest Entities [Line Items] | ' |
Debt Instrument, Face Amount | $225,000,000 |
Line of Credit Facility, Expiration Date | 1-Mar-17 |
Variable_Interest_Entities_Sch2
Variable Interest Entities (Schedule of Non-Consolidated VIEs) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Variable Interest Entities [Line Items] | ' | ' |
Investments in equity method unconsolidated affiliates | $350 | $390 |
Investments and other assets | 3,287 | 3,432 |
Other current liabilities | 1,868 | 1,996 |
Deferred credits and other liabilities | 31,250 | 26,575 |
Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables (net of allowance for doubtful accounts) | ' | ' |
Investments in equity method unconsolidated affiliates | 152 | 213 |
Intangibles, net | ' | 96 |
Investments and other assets | 4 | 4 |
Total assets | 156 | 313 |
Other current liabilities | 2 | 3 |
Deferred credits and other liabilities | 14 | 15 |
Total liabilities | 16 | 18 |
Net assets (liabilities) | 140 | 295 |
Renewables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables (net of allowance for doubtful accounts) | ' | ' |
Investments in equity method unconsolidated affiliates | 149 | 153 |
Intangibles, net | ' | ' |
Investments and other assets | ' | ' |
Total assets | 149 | 153 |
Other current liabilities | ' | ' |
Deferred credits and other liabilities | ' | ' |
Total liabilities | ' | ' |
Net assets (liabilities) | 149 | 153 |
Other VIEs [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables (net of allowance for doubtful accounts) | ' | ' |
Investments in equity method unconsolidated affiliates | 3 | 60 |
Intangibles, net | ' | 96 |
Investments and other assets | 4 | 4 |
Total assets | 7 | 160 |
Other current liabilities | 2 | 3 |
Deferred credits and other liabilities | 14 | 15 |
Total liabilities | 16 | 18 |
Net assets (liabilities) | -9 | 142 |
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Investments and other assets | 20 | 232 |
Other current liabilities | 79 | 110 |
Deferred credits and other liabilities | 2,300 | 2,546 |
Duke Energy Ohio [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables (net of allowance for doubtful accounts) | 49 | 114 |
Investments in equity method unconsolidated affiliates | ' | ' |
Intangibles, net | ' | 96 |
Investments and other assets | ' | ' |
Total assets | 49 | 210 |
Other current liabilities | ' | ' |
Deferred credits and other liabilities | ' | ' |
Total liabilities | ' | ' |
Net assets (liabilities) | 49 | 210 |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Investments and other assets | 214 | 269 |
Other current liabilities | 116 | 88 |
Deferred credits and other liabilities | 2,573 | 2,334 |
Duke Energy Indiana [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables (net of allowance for doubtful accounts) | 76 | 143 |
Investments in equity method unconsolidated affiliates | ' | ' |
Intangibles, net | ' | ' |
Investments and other assets | ' | ' |
Total assets | 76 | 143 |
Other current liabilities | ' | ' |
Deferred credits and other liabilities | ' | ' |
Total liabilities | ' | ' |
Net assets (liabilities) | $76 | $143 |
Variable_Interest_Entities_Fai
Variable Interest Entities (Fair Value Assumptions)(Details) (Cinergy Receivables [Member]) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Anticipated credit loss ratio | 0.60% | 0.60% |
Discount rate | 1.20% | 1.20% |
Receivable turnover rate | 12.80% | 12.80% |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Anticipated credit loss ratio | 0.30% | 0.30% |
Discount rate | 1.20% | 1.20% |
Receivable turnover rate | 10.50% | 10.30% |
Variable_Interest_Entities_Rec
Variable Interest Entities (Receivables Sold)(Details) (Cinergy Receivables [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables sold | $216 | $290 |
Less: Retained interests | 49 | 114 |
Net receivables sold | 167 | 176 |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entities [Line Items] | ' | ' |
Receivables sold | 287 | 340 |
Less: Retained interests | 76 | 143 |
Net receivables sold | $211 | $197 |
Variable_Interest_Entities_Sal
Variable Interest Entities (Sales and Cash Flows)(Details) (Cinergy Receivables [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Variable Interest Entities [Line Items] | ' | ' | ' | ' |
Receivables sold | $477 | $514 | $1,705 | $1,664 |
Loss recognized on sale | 3 | 3 | 9 | 9 |
Cash proceeds from receivables sold | 494 | 518 | 1,761 | 1,674 |
Collection fees received | ' | ' | 1 | 1 |
Return received on retained interests | ' | 1 | 3 | 4 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Variable Interest Entities [Line Items] | ' | ' | ' | ' |
Receivables sold | 739 | 765 | 2,173 | 2,214 |
Loss recognized on sale | 3 | 2 | 8 | 8 |
Cash proceeds from receivables sold | 759 | 758 | 2,233 | 2,204 |
Collection fees received | ' | ' | 1 | 1 |
Return received on retained interests | $2 | $2 | $5 | $5 |
Common_Stock_Details
Common Stock (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||
Common Stock [Line Items] | ' | ' | ' | ' | ||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities b basic and diluted | $888 | $942 | $2,356 | $1,890 | ||
Average shares, basic | 707 | 706 | 707 | 706 | ||
Average shares, diluted | 707 | 706 | 707 | 706 | ||
EPS, basic (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||
EPS, diluted (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||
Common Class A [Member] | ' | ' | ' | ' | ||
Common Stock [Line Items] | ' | ' | ' | ' | ||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities b basic and diluted | $887 | $942 | $2,351 | $1,884 | ||
Average shares, basic | 707 | 706 | 707 | 706 | ||
Average shares, diluted | 707 | 706 | 707 | 706 | ||
EPS, basic (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||
EPS, diluted (usd per share) | $1.25 | $1.33 | $3.33 | $2.67 | ||
Number of stock options and performance and unvested stock awards excluded from the dilutive securities calculation | ' | ' | 2 | [1] | 2 | [1] |
Dividends declared per share (usd per share) | $0.80 | $0.78 | $2.36 | $2.31 | ||
[1] | Stock options and performance and unvested stock awards were not included in the dilutive securities calculation because either the option exercise prices were greater than the average market price of the common shares during those periods, or performance measures related to the awards had not yet been met. |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | $12 | $17 | $44 | $63 |
Tax benefit associated with stock-based compensation expense | 5 | 6 | 17 | 24 |
Stock-based compensation costs capitalized | 1 | 1 | 3 | 3 |
Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | ' | ' | ' | 2 |
Restricted Stock Units Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | 8 | 10 | 30 | 36 |
Performance Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | $4 | $7 | $14 | $25 |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 |
Duke Energy Florida [Member] | Duke Energy Florida [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | ' | ' | 4.70% | ' | ' |
Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year | ' | 8.50% | ' | ' | ' |
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate | ' | 5.00% | ' | ' | ' |
Defined Benefit Plan, Maximum years of participation | '35 years | ' | ' | ' | ' |
Additional savings plan account contribution percentage for employees not participating in defined pension plans | 4.00% | ' | ' | ' | ' |
Eligible pay percentage | 6.00% | ' | ' | ' | ' |
Matching contribution percentage | 100.00% | ' | ' | ' | ' |
Contributions by employer | ' | ' | ' | $27 | $27 |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components of Net Periodic Pension Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Qualified Pension Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | $34 | $41 | $102 | $125 |
Interest cost on projected benefit obligation | 86 | 80 | 258 | 240 |
Expected return on plan assets | -128 | -137 | -383 | -411 |
Amortization of actuarial loss (gain) | 37 | 61 | 111 | 183 |
Amortization of prior service cost (credit) | -4 | -2 | -11 | -8 |
Other | 3 | 2 | 6 | 5 |
Net periodic costs | 28 | 45 | 83 | 134 |
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 10 | 12 | 31 | 37 |
Interest cost on projected benefit obligation | 22 | 20 | 64 | 60 |
Expected return on plan assets | -33 | -37 | -99 | -111 |
Amortization of actuarial loss (gain) | 8 | 15 | 26 | 45 |
Amortization of prior service cost (credit) | -2 | -2 | -6 | -5 |
Other | 1 | 1 | 2 | 2 |
Net periodic costs | 6 | 9 | 18 | 28 |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 10 | 15 | 30 | 45 |
Interest cost on projected benefit obligation | 28 | 29 | 84 | 87 |
Expected return on plan assets | -44 | -50 | -130 | -149 |
Amortization of actuarial loss (gain) | 17 | 26 | 51 | 76 |
Amortization of prior service cost (credit) | ' | -1 | -2 | -3 |
Other | 1 | ' | 2 | 1 |
Net periodic costs | 12 | 19 | 35 | 57 |
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 6 | 6 | 16 | 17 |
Interest cost on projected benefit obligation | 13 | 13 | 40 | 38 |
Expected return on plan assets | -21 | -24 | -64 | -71 |
Amortization of actuarial loss (gain) | 8 | 11 | 24 | 34 |
Amortization of prior service cost (credit) | ' | -1 | -1 | -1 |
Other | ' | 1 | 1 | 1 |
Net periodic costs | 6 | 6 | 16 | 18 |
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 5 | 8 | 15 | 23 |
Interest cost on projected benefit obligation | 14 | 13 | 43 | 40 |
Expected return on plan assets | -21 | -21 | -64 | -65 |
Amortization of actuarial loss (gain) | 8 | 12 | 24 | 37 |
Amortization of prior service cost (credit) | ' | -1 | -1 | -2 |
Other | ' | ' | 1 | ' |
Net periodic costs | 6 | 11 | 18 | 33 |
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 1 | 1 | 3 | 4 |
Interest cost on projected benefit obligation | 5 | 5 | 15 | 16 |
Expected return on plan assets | -7 | -7 | -20 | -22 |
Amortization of actuarial loss (gain) | 1 | 3 | 3 | 9 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Net periodic costs | 0 | 2 | 1 | 7 |
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 3 | 2 | 7 | 8 |
Interest cost on projected benefit obligation | 7 | 7 | 22 | 21 |
Expected return on plan assets | -10 | -11 | -30 | -33 |
Amortization of actuarial loss (gain) | 3 | 6 | 9 | 17 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Other | ' | 1 | ' | 1 |
Net periodic costs | 3 | 5 | 8 | 14 |
Non-Qualified Pension Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 1 | 1 | 2 | 2 |
Interest cost on projected benefit obligation | 3 | 3 | 10 | 10 |
Amortization of actuarial loss (gain) | 1 | 1 | 2 | 4 |
Amortization of prior service cost (credit) | ' | ' | ' | -1 |
Net periodic costs | 5 | 5 | 14 | 15 |
Non-Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | ' | ' | ' |
Interest cost on projected benefit obligation | 1 | ' | 1 | 1 |
Amortization of actuarial loss (gain) | ' | ' | ' | ' |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Net periodic costs | 1 | 0 | 1 | 1 |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | 1 | 1 | 1 |
Interest cost on projected benefit obligation | 2 | 1 | 4 | 5 |
Amortization of actuarial loss (gain) | ' | 1 | 1 | 3 |
Amortization of prior service cost (credit) | -1 | ' | -1 | -1 |
Net periodic costs | 1 | 3 | 5 | 8 |
Non-Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 1 | 1 | 1 | 1 |
Interest cost on projected benefit obligation | ' | ' | 1 | 1 |
Amortization of actuarial loss (gain) | ' | 1 | ' | 1 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Net periodic costs | 1 | 2 | 2 | 3 |
Non-Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | ' | ' | ' |
Interest cost on projected benefit obligation | ' | ' | 1 | 1 |
Amortization of actuarial loss (gain) | ' | 1 | ' | 1 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Net periodic costs | 0 | 1 | 1 | 2 |
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 2 | 7 | 7 | 21 |
Interest cost on projected benefit obligation | 13 | 19 | 38 | 55 |
Expected return on plan assets | -3 | -4 | -9 | -11 |
Amortization of actuarial loss (gain) | 9 | 13 | 29 | 39 |
Amortization of prior service cost (credit) | -31 | -3 | -94 | -9 |
Net periodic costs | -10 | 32 | -29 | 95 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | 1 | 1 | 2 |
Interest cost on projected benefit obligation | 3 | 3 | 9 | 9 |
Expected return on plan assets | -2 | -2 | -6 | -7 |
Amortization of actuarial loss (gain) | 1 | ' | 2 | 2 |
Amortization of prior service cost (credit) | -3 | -2 | -8 | -6 |
Net periodic costs | -1 | 0 | -2 | 0 |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | 1 | 6 | 3 | 17 |
Interest cost on projected benefit obligation | 6 | 12 | 17 | 35 |
Expected return on plan assets | ' | ' | ' | ' |
Amortization of actuarial loss (gain) | 10 | 13 | 31 | 42 |
Amortization of prior service cost (credit) | -24 | ' | -71 | -1 |
Net periodic costs | -7 | 31 | -20 | 93 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | 3 | 1 | 9 |
Interest cost on projected benefit obligation | 3 | 7 | 8 | 19 |
Expected return on plan assets | ' | ' | ' | ' |
Amortization of actuarial loss (gain) | 8 | 8 | 23 | 26 |
Amortization of prior service cost (credit) | -19 | ' | -55 | -1 |
Net periodic costs | -8 | 18 | -23 | 53 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | 2 | 2 | 6 |
Interest cost on projected benefit obligation | 3 | 5 | 9 | 13 |
Expected return on plan assets | ' | ' | ' | ' |
Amortization of actuarial loss (gain) | 3 | 4 | 8 | 12 |
Amortization of prior service cost (credit) | -5 | ' | -16 | ' |
Net periodic costs | 1 | 11 | 3 | 31 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | ' | ' | ' |
Interest cost on projected benefit obligation | ' | ' | 1 | 1 |
Expected return on plan assets | ' | ' | ' | ' |
Amortization of actuarial loss (gain) | ' | ' | -1 | -1 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Net periodic costs | ' | ' | 0 | 0 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | ' | 1 | ' | 1 |
Interest cost on projected benefit obligation | 1 | 1 | 4 | 4 |
Expected return on plan assets | ' | -1 | -1 | -1 |
Amortization of actuarial loss (gain) | ' | 1 | ' | 1 |
Amortization of prior service cost (credit) | ' | ' | ' | ' |
Net periodic costs | $1 | $2 | $3 | $5 |
Employee_Benefit_Plans_Employe
Employee Benefit Plans (Employee Savings Plans) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | $30 | [1] | $30 | $110 | [1] | $101 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | 10 | [1] | 10 | 36 | [1] | 34 |
Progress Energy [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | 10 | [1] | 12 | 33 | [1] | 34 |
Duke Energy Progress [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | 7 | [1] | 7 | 23 | [1] | 19 |
Duke Energy Florida [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | 3 | [1] | 4 | 10 | [1] | 11 |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | ' | [1] | ' | 2 | [1] | 2 |
Duke Energy Indiana [Member] | ' | ' | ' | ' | ||
Employee Savings Plans [Abstract] | ' | ' | ' | ' | ||
Pretax employer matching contributions | $1 | [1] | $2 | $5 | [1] | $5 |
[1] | For the three and nine months ended SeptemberB 30, 2014, amounts include the additional contribution of 4 percent of eligible pay per pay period for employees not eligible to participate in a defined benefit plan. |
Income_Taxes_Effective_Tax_Rat
Income Taxes (Effective Tax Rates) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 34.00% | 30.90% | 31.40% | 32.30% |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 33.90% | 37.90% | 33.70% | 37.50% |
Progress Energy [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 37.10% | 38.80% | 37.30% | 38.10% |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 36.30% | 35.70% | 36.60% | 37.30% |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 38.50% | 40.00% | 38.60% | 40.00% |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 38.30% | 35.90% | 34.90% | 36.50% |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 31.60% | 36.60% | 35.20% | 37.20% |