Exhibit 99.1
2011 Statistical Supplement - Addendum
Note - This addendum to the 2011 Statistical Supplement provides 2011 and 2010 historical segment income statements based upon Duke Energy’s new segment measure (Income from Continuing Operations Attributable to Duke Energy).
CONTENTS
2 | DUKE ENERGY CORPORATION |
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| 2 | Consolidating Statement of Operations (2011) |
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| 3 | Consolidating Statement of Operations (2010) |
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4 | U.S. FRANCHISED ELECTRIC AND GAS |
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| 4 | Consolidating Segment Income (2011) |
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| 5 | Consolidating Segment Income (2010) |
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6 | DUKE ENERGY OHIO |
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| 6 | Consolidated Statement of Operations (2011) |
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| 7 | Consolidated Statement of Operations (2010) |
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Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
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| Year Ended |
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| U.S. Franchised |
| Commercial |
| International |
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| Eliminations/ |
| December 31, |
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(In millions) |
| Electric and Gas |
| Power |
| Energy |
| Other |
| Adjustments |
| 2011 |
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OPERATING REVENUES |
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Regulated electric |
| $ | 10,021 |
| $ | 606 |
| $ | — |
| $ | 2 |
| $ | (40 | ) | $ | 10,589 |
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Non-regulated electric, natural gas, and other |
| 40 |
| 1,885 |
| 1,467 |
| 42 |
| (51 | ) | 3,383 |
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Regulated natural gas |
| 558 |
| — |
| — |
| — |
| (1 | ) | 557 |
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Total operating revenues |
| 10,619 |
| 2,491 |
| 1,467 |
| 44 |
| (92 | ) | 14,529 |
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OPERATING EXPENSES |
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Fuel used in electric generation and purchased power - regulated |
| 3,067 |
| 242 |
| — |
| — |
| — |
| 3,309 |
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Fuel used in electric generation and purchased power - non-regulated |
| — |
| 1,031 |
| 456 |
| — |
| 1 |
| 1,488 |
| ||||||
Cost of natural gas and coal sold |
| 209 |
| 65 |
| 74 |
| — |
| — |
| 348 |
| ||||||
Operation, maintenance and other (a) |
| 2,913 |
| 599 |
| 319 |
| 30 |
| (91 | ) | 3,770 |
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Depreciation and amortization |
| 1,383 |
| 230 |
| 90 |
| 103 |
| — |
| 1,806 |
| ||||||
Property and other taxes (a) |
| 653 |
| 44 |
| 7 |
| 1 |
| (1 | ) | 704 |
| ||||||
Goodwill and other impairment charges |
| 247 |
| 88 |
| — |
| — |
| — |
| 335 |
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Total operating expenses |
| 8,472 |
| 2,299 |
| 946 |
| 134 |
| (91 | ) | 11,760 |
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GAINS (LOSSES) ON SALES OF OTHER ASSETS AND OTHER, NET |
| 2 |
| 14 |
| (1 | ) | (8 | ) | 1 |
| 8 |
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OPERATING INCOME (LOSS) |
| 2,149 |
| 206 |
| 520 |
| (98 | ) | — |
| 2,777 |
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OTHER INCOME AND EXPENSES |
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Other income and expenses, net |
| 274 |
| 21 |
| 203 |
| 53 |
| (4 | ) | 547 |
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Interest Expense |
| 568 |
| 87 |
| 47 |
| 161 |
| (4 | ) | 859 |
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INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
| 1,855 |
| 140 |
| 676 |
| (206 | ) | — |
| 2,465 |
| ||||||
Income Tax Expense (Benefit) |
| 673 |
| (1 | ) | 195 |
| (115 | ) | — |
| 752 |
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INCOME (LOSS) FROM CONTINUING OPERATIONS |
| 1,182 |
| 141 |
| 481 |
| (91 | ) | — |
| 1,713 |
| ||||||
Less: Net Income (Loss) attributable to non-controlling interest |
| — |
| 8 |
| 15 |
| (15 | ) | — |
| 8 |
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INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
| 1,182 |
| 133 |
| 466 |
| (76 | ) | — |
| 1,705 |
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Income from Discontinued Operations, net of tax |
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| 1 |
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NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
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| $ | 1,706 |
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(a) Includes governance costs of $186 million in USFE&G, $24 million in Commercial Power, and $8 million in International Energy which were previously reflected in the Other Segment.
Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
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| Year Ended |
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| U.S. Franchised |
| Commercial |
| International |
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| Eliminations/ |
| December 31, |
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(In millions) |
| Electric and Gas |
| Power |
| Energy |
| Other |
| Adjustments |
| 2010 |
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OPERATING REVENUES |
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Regulated electric |
| $ | 9,937 |
| $ | 824 |
| $ | — |
| $ | — |
| $ | (38 | ) | $ | 10,723 |
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Non-regulated electric, natural gas, and other |
| 39 |
| 1,624 |
| 1,204 |
| 118 |
| (55 | ) | 2,930 |
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Regulated natural gas |
| 621 |
| — |
| — |
| — |
| (2 | ) | 619 |
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Total operating revenues |
| 10,597 |
| 2,448 |
| 1,204 |
| 118 |
| (95 | ) | 14,272 |
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OPERATING EXPENSES |
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Fuel used in electric generation and purchased power - regulated |
| 2,996 |
| 349 |
| — |
| — |
| — |
| 3,345 |
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Fuel used in electric generation and purchased power - non-regulated |
| — |
| 863 |
| 336 |
| — |
| — |
| 1,199 |
| ||||||
Cost of natural gas and coal sold |
| 269 |
| 51 |
| 61 |
| — |
| — |
| 381 |
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Operation, maintenance and other (a) |
| 2,995 |
| 553 |
| 320 |
| 50 |
| (93 | ) | 3,825 |
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Depreciation and amortization |
| 1,386 |
| 225 |
| 86 |
| 89 |
| — |
| 1,786 |
| ||||||
Property and other taxes (a) |
| 646 |
| 44 |
| 6 |
| 6 |
| — |
| 702 |
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Goodwill and other impairment charges |
| 44 |
| 672 |
| 11 |
| — |
| (1 | ) | 726 |
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Total operating expenses |
| 8,336 |
| 2,757 |
| 820 |
| 145 |
| (94 | ) | 11,964 |
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GAINS (LOSSES) ON SALES OF OTHER ASSETS AND OTHER, NET |
| 5 |
| 6 |
| (3 | ) | 145 |
| — |
| 153 |
| ||||||
OPERATING INCOME (LOSS) |
| 2,266 |
| (303 | ) | 381 |
| 118 |
| (1 | ) | 2,461 |
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OTHER INCOME AND EXPENSES |
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Other income and expenses, net |
| 278 |
| 44 |
| 146 |
| 126 |
| (5 | ) | 589 |
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Interest Expense |
| 569 |
| 68 |
| 71 |
| 136 |
| (4 | ) | 840 |
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INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
| 1,975 |
| (327 | ) | 456 |
| 108 |
| (2 | ) | 2,210 |
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Income Tax Expense (Benefit) |
| 712 |
| 14 |
| 142 |
| 22 |
| — |
| 890 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS |
| 1,263 |
| (341 | ) | 314 |
| 86 |
| (2 | ) | 1,320 |
| ||||||
Less: Net Income (Loss) attributable to non-controlling interest |
| — |
| 1 |
| 12 |
| (9 | ) | (1 | ) | 3 |
| ||||||
INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
| 1,263 |
| (342 | ) | 302 |
| 95 |
| (1 | ) | 1,317 |
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Income from Discontinued Operations, net of tax |
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| 3 |
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NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
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| $ | 1,320 |
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(a) Includes governance costs of $449 million in USFE&G, $47 million in Commercial Power, and $14 million in International Energy which were previously reflected in the Other Segment.
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
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| Year Ended |
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| Duke Energy |
| Duke Energy |
| Duke Energy |
| Eliminations/ |
| December 31, |
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(In millions) |
| Carolinas, LLC |
| Ohio, Inc. |
| Indiana, Inc. |
| Adjustments |
| 2011 |
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OPERATING REVENUES |
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Regulated electric |
| $ | 6,485 |
| $ | 916 |
| $ | 2,622 |
| $ | (2 | ) | $ | 10,021 |
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Non-regulated electric, natural gas, and other |
| 8 |
| — |
| — |
| 32 |
| 40 |
| |||||
Regulated natural gas |
| — |
| 558 |
| — |
| — |
| 558 |
| |||||
Total operating revenues |
| 6,493 |
| 1,474 |
| 2,622 |
| 30 |
| 10,619 |
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OPERATING EXPENSES |
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Fuel used in electric generation and purchased power - regulated |
| 1,944 |
| 138 |
| 986 |
| (1 | ) | 3,067 |
| |||||
Cost of natural gas and coal sold |
| — |
| 209 |
| — |
| — |
| 209 |
| |||||
Operation, maintenance and other (a) |
| 1,834 |
| 445 |
| 629 |
| 5 |
| 2,913 |
| |||||
Depreciation and amortization |
| 814 |
| 168 |
| 391 |
| 10 |
| 1,383 |
| |||||
Property and other taxes (a) |
| 340 |
| 231 |
| 82 |
| — |
| 653 |
| |||||
Goodwill and other impairment charges |
| 12 |
| 1 |
| 234 |
| — |
| 247 |
| |||||
Total operating expenses |
| 4,944 |
| 1,192 |
| 2,322 |
| 14 |
| 8,472 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
| 1 |
| 1 |
| — |
| — |
| 2 |
| |||||
OPERATING INCOME |
| 1,550 |
| 283 |
| 300 |
| 16 |
| 2,149 |
| |||||
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OTHER INCOME AND EXPENSES |
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Other income and expenses, net |
| 186 |
| 16 |
| 97 |
|
| (25 | ) | 274 |
| ||||
Interest Expense |
| 360 |
| 68 |
| 137 |
|
| 3 |
| 568 |
| ||||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
| 1,376 |
| 231 |
| 260 |
| (12 | ) | 1,855 |
| |||||
Income Tax expense |
| 495 |
| 98 |
| 79 |
|
| 1 |
| 673 |
| ||||
INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
| 881 |
| 133 |
| 181 |
| (13 | ) | $ | 1,182 |
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(a) Includes governance costs of $108 million in Duke Energy Carolinas, $37 million in Duke Energy Ohio, and $41 million in Duke Energy Indiana which were previously reflected in the Other segment.
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
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| Year Ended |
| |||||
|
| Duke Energy |
| Duke Energy |
| Duke Energy |
| Eliminations/ |
| December 31, |
| |||||
(In millions) |
| Carolinas, LLC |
| Ohio, Inc. |
| Indiana, Inc. |
| Adjustments |
| 2010 |
| |||||
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OPERATING REVENUES |
|
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Regulated electric |
| $ | 6,417 |
| $ | 1,003 |
| $ | 2,520 |
| $ | (3 | ) | $ | 9,937 |
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Non-regulated electric, natural gas, and other |
| 7 |
| (1 | ) | — |
| 33 |
| 39 |
| |||||
Regulated natural gas |
| — |
| 621 |
| — |
| — |
| 621 |
| |||||
Total operating revenues |
| 6,424 |
| 1,623 |
| 2,520 |
| 30 |
| 10,597 |
| |||||
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OPERATING EXPENSES |
|
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Fuel used in electric generation and purchased power - regulated |
| 1,944 |
| 141 |
| 912 |
| (1 | ) | 2,996 |
| |||||
Cost of natural gas and coal sold |
| — |
| 269 |
| — |
| — |
| 269 |
| |||||
Operation, maintenance and other (a) |
| 1,906 |
| 478 |
| 610 |
| 1 |
| 2,995 |
| |||||
Depreciation and amortization |
| 787 |
| 226 |
| 375 |
| (2 | ) | 1,386 |
| |||||
Property and other taxes (a) |
| 348 |
| 228 |
| 70 |
| — |
| 646 |
| |||||
Goodwill and other impairment charges |
| — |
| 216 |
| 44 |
| (216 | ) | 44 |
| |||||
Total operating expenses |
| 4,985 |
| 1,558 |
| 2,011 |
| (218 | ) | 8,336 |
| |||||
GAINS (LOSSES) ON SALES OF OTHER ASSETS AND OTHER, NET |
| 7 |
| — |
| (2 | ) | — |
| 5 |
| |||||
OPERATING INCOME |
| 1,446 |
| 65 |
| 507 |
| 248 |
| 2,266 |
| |||||
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OTHER INCOME AND EXPENSES |
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Other income and expenses, net |
| 212 |
| 24 |
| 69 |
|
| (27 | ) | 278 |
| ||||
Interest Expense |
| 363 |
| 68 |
| 135 |
|
| 3 |
| 569 |
| ||||
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
| 1,295 |
| 21 |
| 441 |
| 218 |
| 1,975 |
| |||||
Income Tax expense |
| 457 |
| 96 |
| 156 |
|
| 3 |
| 712 |
| ||||
INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION |
| 838 |
| (75 | ) | 285 |
| 215 |
| $ | 1,263 |
| ||||
(a) Includes governance costs of $296 million in Duke Energy Carolinas, $66 million in Duke Energy Ohio, and $87 million in Duke Energy Indiana which were previously reflected in the Other segment.
Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31, 2011
(Unaudited)
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| Franchised Electric and Gas |
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| Ohio |
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| |||||
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| Transmission & |
| Duke Energy |
| Commercial |
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(In millions) |
| Distribution |
| Kentucky, Inc. |
| Power |
| Other |
| Consolidated |
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| |||||
OPERATING REVENUES |
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| |||||
Regulated electric |
| $ | 574 |
| $ | 342 |
| $ | 606 |
| $ | (4 | ) | $ | 1,518 |
|
Non-regulated electric and other |
| — |
| — |
| 1,105 |
| — |
| 1,105 |
| |||||
Regulated natural gas |
| 444 |
| 114 |
| — |
| — |
| 558 |
| |||||
Total operating revenues |
| 1,018 |
| 456 |
| 1,711 |
| (4 | ) | 3,181 |
| |||||
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| |||||
OPERATING EXPENSES |
|
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| |||||
Fuel used in electric generation and purchased power - regulated |
| — |
| 138 |
| 242 |
| — |
| 380 |
| |||||
Fuel used in electric generation and purchased power - non-regulated |
| — |
| — |
| 653 |
| — |
| 653 |
| |||||
Cost of natural gas and coal sold |
| 154 |
| 55 |
| — |
| — |
| 209 |
| |||||
Operation, maintenance and other (a) |
| 303 |
| 142 |
| 420 |
| 20 |
| 885 |
| |||||
Depreciation and amortization |
| 120 |
| 48 |
| 167 |
| — |
| 335 |
| |||||
Property and other taxes (a) |
| 219 |
| 12 |
| 29 |
| — |
| 260 |
| |||||
Goodwill and other impairment charges |
| — |
| 1 |
| 88 |
| — |
| 89 |
| |||||
Total operating expenses |
| 796 |
| 396 |
| 1,599 |
| 20 |
| 2,811 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
| 1 |
| — |
| 4 |
| — |
| 5 |
| |||||
OPERATING INCOME (LOSS) |
| 223 |
| 60 |
| 116 |
| (24 | ) | 375 |
| |||||
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| |||||
OTHER INCOME AND EXPENSES, NET |
| 12 |
| 4 |
| 3 |
| — |
| 19 |
| |||||
INTEREST EXPENSE |
| 50 |
| 18 |
| 36 |
| — |
| 104 |
| |||||
INCOME (LOSS) BEFORE INCOME TAXES |
| 185 |
| 46 |
| 83 |
| (24 | ) | 290 |
| |||||
INCOME TAX EXPENSE |
| 76 |
| 22 |
| 6 |
| (8 | ) | 96 |
| |||||
NET INCOME (LOSS) |
| $ | 109 |
| $ | 24 |
| $ | 77 |
| $ | (16 | ) | $ | 194 |
|
(a) Includes certain governance costs of $37 million in USFE&G and $17 million in Commercial Power which were previously reflected in the Other Segment.
Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31, 2010
(Unaudited)
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| |||||
|
| Franchised Electric and Gas |
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| |||||||
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| Ohio |
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| |||||
|
| Transmission & |
| Duke Energy |
| Commercial |
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| |||||
(In millions) |
| Distribution |
| Kentucky, Inc. |
| Power |
| Other |
| Consolidated |
| |||||
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| |||||
OPERATING REVENUES |
|
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|
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| |||||
Regulated electric |
| $ | 654 |
| $ | 349 |
| $ | 824 |
| $ | (4 | ) | $ | 1,823 |
|
Non-regulated electric and other |
| (1 | ) | — |
| 886 |
| — |
| 885 |
| |||||
Regulated natural gas |
| 482 |
| 139 |
| — |
| — |
| 621 |
| |||||
Total operating revenues |
| 1,135 |
| 488 |
| 1,710 |
| (4 | ) | 3,329 |
| |||||
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
| |||||
Fuel used in electric generation and purchased power - regulated |
| — |
| 141 |
| 349 |
| — |
| 490 |
| |||||
Fuel used in electric generation and purchased power - non-regulated |
| — |
| — |
| 465 |
| — |
| 465 |
| |||||
Cost of natural gas and coal sold |
| 201 |
| 68 |
| — |
| — |
| 269 |
| |||||
Operation, maintenance and other (a) |
| 343 |
| 135 |
| 362 |
| (4 | ) | 836 |
| |||||
Depreciation and amortization |
| 172 |
| 54 |
| 174 |
| — |
| 400 |
| |||||
Property and other taxes (a) |
| 217 |
| 11 |
| 32 |
| — |
| 260 |
| |||||
Goodwill and other impairment charges |
| 216 |
| — |
| 621 |
| — |
| 837 |
| |||||
Total operating expenses |
| 1,149 |
| 409 |
| 2,003 |
| (4 | ) | 3,557 |
| |||||
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET |
| — |
| — |
| 3 |
| — |
| 3 |
| |||||
OPERATING INCOME (LOSS) |
| (14 | ) | 79 |
| (290 | ) | — |
| (225 | ) | |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
OTHER INCOME AND EXPENSES, NET |
| 21 |
| 3 |
| 2 |
| (1 | ) | 25 |
| |||||
INTEREST EXPENSE |
| 52 |
| 16 |
| 41 |
| — |
| 109 |
| |||||
INCOME (LOSS) BEFORE INCOME TAXES |
| (45 | ) | 66 |
| (329 | ) | (1 | ) | (309 | ) | |||||
INCOME TAX EXPENSE |
| 73 |
| 23 |
| 36 |
| — |
| 132 |
| |||||
NET INCOME (LOSS) |
| $ | (118 | ) | $ | 43 |
| $ | (365 | ) | $ | (1 | ) | $ | (441 | ) |
(a) Includes certain governance costs of $66 million in USFE&G and $27 million in Commercial Power which were previously reflected in the Other Segment.