Exhibit 99.1
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2012 Statistical Supplement |
CONTENTS
2 | DUKE ENERGY CORPORATION | | |
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| 2 | Consolidating Statement of Operations | | |
| 4 | Consolidating Balance Sheet - Assets | | |
| 5 | Consolidating Balance Sheet - Liabilities and Equity | | |
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6 | U.S. FRANCHISED ELECTRIC AND GAS | | |
| | | | |
| 6 | Consolidating Segment Income | | |
| 8 | Consolidating Balance Sheet - Assets | | |
| 9 | Consolidating Balance Sheet - Liabilities and Equity | | |
| 10 | Operating Statistics (Duke Energy Carolinas) | | |
| 12 | Operating Statistics (Progress Energy Carolinas) | | |
| 14 | Operating Statistics (Progress Energy Florida) | | |
| 16 | Operating Statistics (Duke Energy Ohio - Electric) | | |
| 18 | Operating Statistics (Duke Energy Ohio - Gas) | | |
| 19 | Operating Statistics (Duke Energy Indiana) | | |
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21 | COMMERCIAL POWER | | |
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| 21 Commercial Power Operating Statistics | | |
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22 | INTERNATIONAL ENERGY | | |
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| 22 International Energy Operating Statistics | | |
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23 | APPENDIX | | |
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| 23 Duke Energy Ohio Supplement | | |
Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
| | | | | | | | | | | | Years Ended | |
| | U.S. Franchised | | Commercial | | International | | | | Eliminations/ | | December 31, | |
(In millions) | | Electric and Gas | | Power | | Energy | | Other | | Adjustments | | 2012 | |
| | | | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | | | |
Regulated electric (a) | | $ | 15,609 | | $ | 114 | | $ | — | | $ | 1 | | $ | (103 | ) | $ | 15,621 | |
Non-regulated electric, natural gas, and other | | — | | 1,964 | | 1,549 | | 73 | | (52 | ) | 3,534 | |
Regulated natural gas | | 471 | | — | | — | | — | | (2 | ) | 469 | |
Total operating revenues | | 16,080 | | 2,078 | | 1,549 | | 74 | | (157 | ) | 19,624 | |
| | | | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 5,582 | | — | | — | | — | | — | | 5,582 | |
Fuel used in electric generation and purchased power - non-regulated | | — | | 1,211 | | 530 | | 31 | | (50 | ) | 1,722 | |
Cost of natural gas and coal sold | | 142 | | 49 | | 73 | | — | | — | | 264 | |
Operation, maintenance and other | | 3,885 | | 453 | | 335 | | 440 | | (107 | ) | 5,006 | |
Depreciation and amortization | | 1,827 | | 228 | | 99 | | 135 | | — | | 2,289 | |
Property and other taxes | | 926 | | 40 | | 6 | | 13 | | — | | 985 | |
Impairment charges (b)(c) | | 581 | | — | | — | | 85 | | — | | 666 | |
Total operating expenses | | 12,943 | | 1,981 | | 1,043 | | 704 | | (157 | ) | 16,514 | |
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET | | 15 | | 8 | | — | | (7 | ) | — | | 16 | |
OPERATING INCOME | | 3,152 | | 105 | | 506 | | (637 | ) | — | | 3,126 | |
| | | | | | | | | | | | | |
OTHER INCOME AND EXPENSES | | | | | | | | | | | | | |
Other income and expenses, net | | 341 | | 39 | | 171 | | 16 | | — | | 567 | |
Interest Expense | | 806 | | 63 | | 76 | | 297 | | — | | 1,242 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | 2,687 | | 81 | | 601 | | (918 | ) | — | | 2,451 | |
Income Tax Expense (Benefit) | | 941 | | (7 | ) | 149 | | (378 | ) | — | | 705 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS | | 1,746 | | 88 | | 452 | | (540 | ) | — | | 1,746 | |
Less: Net Income attributable to non-controlling interest | | 2 | | 1 | | 13 | | (2 | ) | — | | 14 | |
SEGMENT INCOME/NET EXPENSE FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | $ | 1,744 | | $ | 87 | | $ | 439 | | $ | (538 | ) | $ | — | | $ | 1,732 | |
Income from Discontinued Operations, net of tax | | | | | | | | | | | | $ | 36 | |
NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | | | | | | | | | | | $ | 1,768 | |
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
(b) The amount for US FE&G is primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.
(c) The amount for Other is primarily due to the impairment of transmission projects included in long-term FERC mitigation costs. These amounts are recorded in the Duke Energy Carolinas and Progress Energy Carolinas legal entities but are classified in the Other segment.
Note: Includes Progress Energy activity beginning on July 2, 2012.
Consolidated Data
2
Duke Energy Corporation
CONSOLIDATING STATEMENT OF OPERATIONS
(Unaudited)
| | | | | | | | | | | | Years Ended | |
| | U.S. Franchised | | Commercial | | International | | | | Eliminations/ | | December 30, | |
(In millions) | | Electric and Gas | | Power | | Energy | | Other | | Adjustments | | 2011 | |
| | | | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | | | |
Regulated electric (a) | | $ | 10,061 | | $ | 606 | | $ | — | | $ | 2 | | $ | (80 | ) | $ | 10,589 | |
Non-regulated electric, natural gas, and other | | — | | 1,885 | | 1,467 | | 42 | | (11 | ) | 3,383 | |
Regulated natural gas | | 558 | | — | | — | | — | | (1 | ) | 557 | |
Total operating revenues | | 10,619 | | 2,491 | | 1,467 | | 44 | | (92 | ) | 14,529 | |
| | | | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 3,067 | | 242 | | — | | — | | — | | 3,309 | |
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 | | 2,913 | | 600 | | 319 | | 29 | | (91 | ) | 3,770 | |
Depreciation and amortization | | 1,383 | | 230 | | 90 | | 103 | | — | | 1,806 | |
Property and other taxes | | 653 | | 44 | | 7 | | 1 | | (1 | ) | 704 | |
Impairment charges (b)(c) | | 247 | | 88 | | — | | — | | — | | 335 | |
Total operating expenses | | 8,472 | | 2,300 | | 946 | | 133 | | (91 | ) | 11,760 | |
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET | | 2 | | 15 | | (1 | ) | (8 | ) | — | | 8 | |
OPERATING INCOME (LOSS) | | 2,149 | | 206 | | 520 | | (97 | ) | (1 | ) | 2,777 | |
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OTHER INCOME AND EXPENSES | | | | | | | | | | | | | |
Other income and expenses, net | | 274 | | 21 | | 203 | | 49 | | — | | 547 | |
Interest Expense | | 568 | | 87 | | 47 | | 157 | | — | | 859 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | 1,855 | | 140 | | 676 | | (205 | ) | (1 | ) | 2,465 | |
Income Tax Expense (Benefit) | | 673 | | (1 | ) | 195 | | (114 | ) | (1 | ) | 752 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS | | 1,182 | | 141 | | 481 | | (91 | ) | — | | 1,713 | |
Less: Net Income (Loss) attributable to non-controlling interest | | (1 | ) | 7 | | 15 | | (15 | ) | 2 | | 8 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | 1,181 | | 134 | | 466 | | (76 | ) | — | | 1,705 | |
Income from Discontinued Operations, net of tax | | | | | | | | | | 1 | | 1 | |
NET INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | $ | 1,181 | | $ | 134 | | $ | 466 | | $ | (76 | ) | $ | 1 | | $ | 1,706 | |
(a) The amount for Commercial Power is primarily due to sales to Duke Energy Ohio rate regulated retail customers under the 2009-2011 ESP.
(b) The amount for US FE&G is primarily due to a non-cash impairment charge related to the Edwardsport IGCC project.
(c) The amount for Commercial Power is primarily related to non-cash impairment charge related to Emission Allowances.
3
Duke Energy Corporation
CONSOLIDATING BALANCE SHEET - ASSETS
(Unaudited)
| | U.S. Franchised | | Commercial | | International | | | | Eliminations/ | | December 31, | |
(In millions) | | Electric and Gas | | Power | | Energy | | Other | | Adjustments | | 2012 | |
| | | | | | | | | | | | | |
CURRENT ASSETS | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 222 | | $ | 64 | | $ | 731 | | $ | 406 | | $ | 1 | | $ | 1,424 | |
Short-term investments | | — | | — | �� | 333 | | — | | — | | 333 | |
Receivables, net | | 1,081 | | 99 | | 259 | | 77 | | — | | 1,516 | |
Restricted receivables of variable interest entities, net | | 1,171 | | 30 | | — | | — | | — | | 1,201 | |
Receivables from affiliated companies | | 222 | | 996 | | 117 | | 12,486 | | (13,821 | ) | — | |
Notes receivable from affiliated companies | | 530 | | — | | — | | 598 | | (1,128 | ) | — | |
Inventory | | 2,987 | | 126 | | 94 | | 15 | | 1 | | 3,223 | |
Other | | 1,364 | | 309 | | 237 | | 543 | | (28 | ) | 2,425 | |
Total current assets | | 7,577 | | 1,624 | | 1,771 | | 14,125 | | (14,975 | ) | 10,122 | |
| | | | | | | | | | | | | |
INVESTMENTS AND OTHER ASSETS | | | | | | | | | | | | | |
Investments in equity method unconsolidated affiliates | | 5 | | 220 | | 81 | | 177 | | — | | 483 | |
Investments and advances (from) to subsidiaries | | 48 | | (7 | ) | (11 | ) | 41,880 | | (41,910 | ) | — | |
Nuclear decommissioning trust funds | | 4,242 | | — | | — | | — | | — | | 4,242 | |
Goodwill | | 15,950 | | 62 | | 353 | | — | | — | | 16,365 | |
Intangibles, net | | 85 | | 231 | | 55 | | 1 | | — | | 372 | |
Notes receivable | | 4 | | — | | 65 | | 452 | | (450 | ) | 71 | |
Restricted other assets of variable interest entities | | — | | 62 | | — | | — | | — | | 62 | |
Other | | 1,461 | | 6 | | 331 | | 588 | | 13 | | 2,399 | |
Total investments and other assets | | 21,795 | | 574 | | 874 | | 43,098 | | (42,347 | ) | 23,994 | |
| | | | | | | | | | | | | |
PROPERTY, PLANT AND EQUIPMENT | | | | | | | | | | | | | |
Cost | | 88,417 | | 4,936 | | 3,827 | | 1,653 | | — | | 98,833 | |
Cost, variable interest entities | | 16 | | 1,542 | | — | | — | | — | | 1,558 | |
Accumulated depreciation and amortization | | (29,381 | ) | (866 | ) | (960 | ) | (761 | ) | (1 | ) | (31,969 | ) |
Generation facilities to be retired, net | | 135 | | — | | — | | — | | 1 | | 136 | |
Net property, plant and equipment | | 59,187 | | 5,612 | | 2,867 | | 892 | | — | | 68,558 | |
| | | | | | | | | | | | | |
REGULATORY ASSETS AND DEFERRED DEBITS | | | | | | | | | | | | | |
Regulatory Assets | | 10,351 | | 68 | | — | | 585 | | — | | 11,004 | |
Other | | 114 | | 42 | | — | | 27 | | (5 | ) | 178 | |
Total regulatory assets and deferred debits | | 10,465 | | 110 | | — | | 612 | | (5 | ) | 11,182 | |
TOTAL ASSETS | | 99,024 | | 7,920 | | 5,512 | | 58,727 | | (57,327 | ) | 113,856 | |
| | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (862 | ) | (928 | ) | (106 | ) | (55,601 | ) | 57,497 | | — | |
| | | | | | | | | | | | | |
REPORTABLE SEGMENT ASSETS | | $ | 98,162 | | $ | 6,992 | | $ | 5,406 | | $ | 3,126 | | $ | 170 | | $ | 113,856 | |
4
Duke Energy Corporation
CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY
(Unaudited)
| | U.S. Franchised | | Commercial | | International | | | | Eliminations/ | | December 31, | |
(In millions) | | Electric and Gas | | Power | | Energy | | Other | | Adjustments | | 2012 | |
| | | | | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | | | | | |
Accounts payable | | $ | 1,916 | | $ | 188 | | $ | 44 | | $ | 296 | | $ | — | | $ | 2,444 | |
Accounts payable to affiliated companies | | 12,788 | | 53 | | 6 | | 913 | | (13,760 | ) | — | |
Notes payable to affiliated companies | | 511 | | 168 | | — | | 496 | | (1,175 | ) | — | |
Notes payable and commercial paper | | — | | — | | — | | 745 | | — | | 745 | |
Non-recourse notes payable of variable interest entities | | 312 | | — | | — | | — | | — | | 312 | |
Taxes accrued (prepaid) | | 304 | | (73 | ) | 41 | | 212 | | (25 | ) | 459 | |
Interest accrued | | 280 | | 6 | | 22 | | 140 | | — | | 448 | |
Current maturities of long-term debt | | 2,010 | | 484 | | 360 | | 256 | | — | | 3,110 | |
Other | | 1,780 | | 89 | | 105 | | 551 | | (14 | ) | 2,511 | |
Total current liabilities | | 19,901 | | 915 | | 578 | | 3,609 | | (14,974 | ) | 10,029 | |
| | | | | | | | | | | | | |
LONG-TERM DEBT | | 23,930 | | 452 | | 709 | | 10,415 | | (7 | ) | 35,499 | |
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES | | 300 | | 552 | | — | | — | | — | | 852 | |
NOTES PAYABLE TO AFFILIATED COMPANIES | | 450 | | — | | — | | — | | (450 | ) | — | |
| | | | | | | | | | | | | |
DEFERRED CREDITS AND OTHER LIABILITIES | | | | | | | | | | | | | |
Deferred income taxes | | 10,907 | | 1,258 | | 231 | | (1,926 | ) | 20 | | 10,490 | |
Investment tax credits | | 458 | | — | | — | | — | | — | | 458 | |
Accrued pension and other post-retirement benefit costs | | 1,838 | | 56 | | 1 | | 627 | | (2 | ) | 2,520 | |
Asset retirement obligations | | 5,131 | | 37 | | 1 | | — | | — | | 5,169 | |
Regulatory Liabilities | | 5,441 | | — | | — | | 143 | | — | | 5,584 | |
Other | | 1,615 | | 118 | | 70 | | 423 | | (5 | ) | 2,221 | |
Total deferred credits and other liabilities | | 25,390 | | 1,469 | | 303 | | (733 | ) | 13 | | 26,442 | |
| | | | | | | | | | | | | |
PREFERRED STOCK OF SUBSIDIARIES | | 93 | | — | | — | | — | | — | | 93 | |
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EQUITY | | | | | | | | | | | | | |
Total Duke Energy Corporation shareholders’ equity | | 28,960 | | 4,518 | | 3,860 | | 45,434 | | (41,909 | ) | 40,863 | |
Noncontrolling interests | | — | | 14 | | 62 | | 2 | | — | | 78 | |
Total equity | | 28,960 | | 4,532 | | 3,922 | | 45,436 | | (41,909 | ) | 40,941 | |
| | | | | | | | | | | | | |
TOTAL LIABILITIES AND EQUITY | | 99,024 | | 7,920 | | 5,512 | | 58,727 | | (57,327 | ) | 113,856 | |
| | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (862 | ) | (928 | ) | (106 | ) | (55,601 | ) | 57,497 | | — | |
| | | | | | | | | | | | | |
REPORTABLE SEGMENT LIABILITIES AND EQUITY | | $ | 98,162 | | $ | 6,992 | | $ | 5,406 | | $ | 3,126 | | $ | 170 | | $ | 113,856 | |
5
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
| | | | | | | | | | | | | | Years Ended | |
| | Duke Energy | | Progress Energy | | Progress Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | December 31, | |
(In millions) | | Carolinas, LLC | | Carolinas, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments | | 2012 | |
| | | | | | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | | | | | |
Regulated electric | | $ | 6,666 | | $ | 2,524 | | $ | 2,483 | | $ | 1,275 | | $ | 2,717 | | $ | (56 | ) | $ | 15,609 | |
Regulated natural gas | | — | | — | | — | | 471 | | — | | — | | 471 | |
Total operating revenues | | 6,666 | | 2,524 | | 2,483 | | 1,746 | | 2,717 | | (56 | ) | 16,080 | |
| | | | | | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated (a) | | 1,848 | | 1,025 | | 1,359 | | 475 | | 1,088 | | (213 | ) | 5,582 | |
Cost of natural gas | | — | | — | | — | | 142 | | — | | — | | 142 | |
Operation, maintenance and other | | 1,759 | | 591 | | 475 | | 448 | | 612 | | — | | 3,885 | |
Depreciation and amortization | | 921 | | 267 | | 73 | | 180 | | 389 | | (3 | ) | 1,827 | |
Property and other taxes | | 363 | | 109 | | 173 | | 197 | | 80 | | 4 | | 926 | |
Impairment charges (b)(c) | | — | | — | | 146 | | 2 | | 579 | | (146 | ) | 581 | |
Total operating expenses | | 4,891 | | 1,992 | | 2,225 | | 1,444 | | 2,748 | | (357 | ) | 12,943 | |
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET | | 13 | | — | | 1 | | 1 | | — | | — | | 15 | |
OPERATING INCOME (LOSS) | | 1,788 | | 532 | | 259 | | 303 | | (31 | ) | 301 | | 3,152 | |
OTHER INCOME AND EXPENSES | | | | | | | | | | | | | | | |
Other income and expenses, net (d) | | 190 | | 44 | | 23 | | 8 | | 90 | | (14 | ) | 341 | |
Interest Expense | | 384 | | 103 | | 123 | | 60 | | 138 | | (2 | ) | 806 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | 1,594 | | 473 | | 159 | | 251 | | (79 | ) | 289 | | 2,687 | |
Income Tax Expense (Benefit) | | 560 | | 155 | | 52 | | 92 | | (56 | ) | 138 | | 941 | |
INCOME (LOSS) FROM CONTINUING OPERATIONS | | 1,034 | | 318 | | 107 | | 159 | | (23 | ) | 151 | | 1,746 | |
Less: Net Income (Loss) attributable to non-controlling interest | | — | | 1 | | 1 | | — | | — | | — | | 2 | |
SEGMENT INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | $ | 1,034 | | $ | 317 | | $ | 106 | | $ | 159 | | $ | (23 | ) | $ | 151 | | $ | 1,744 | |
(a) Elimination amount includes $100 million of purchase power refunds at Progress Energy Florida related to Crystal River Unit 3 retirement. This amount was recorded as expense by Progress Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.
(b) The amount for Progress Energy Florida and the elimination amount are due to an impairment charge related to the decision to retire Crystal River Unit 3. This amount was recorded as expense by Progress Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.
(c) The amount for Duke Energy Indiana is primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.
(d) Primarily due to an equity component of allowance for funds used during construction of $154 million for Duke Energy Carolinas, $37 million for Progress Energy Carolinas, $20 million for Progress Energy Florida, $6 million for Duke Energy Ohio and $84 million for Duke Energy Indiana.
Note: Includes Progress Energy activity beginning on July 2, 2012.
Consolidating Segment Income
6
U.S. Franchised Electric and Gas
CONSOLIDATING SEGMENT INCOME
(Unaudited)
| | | | | | | | | | Years Ended | |
| | Duke Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | December 31, | |
(In millions) | | Carolinas, LLC | | Ohio, Inc. | | Indiana, Inc. | | Adjustments | | 2011 | |
| | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | |
Regulated electric | | $ | 6,493 | | $ | 916 | | $ | 2,622 | | $ | 30 | | $ | 10,061 | |
Regulated natural gas | | — | | 558 | | — | | — | | 558 | |
Total operating revenues | | 6,493 | | 1,474 | | 2,622 | | 30 | | 10,619 | |
| | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 1,944 | | 138 | | 986 | | (1 | ) | 3,067 | |
Cost of natural gas | | — | | 209 | | — | | — | | 209 | |
Operation, maintenance and other | | 1,835 | | 445 | | 629 | | 4 | | 2,913 | |
Depreciation and amortization | | 814 | | 168 | | 391 | | 10 | | 1,383 | |
Property and other taxes | | 340 | | 231 | | 82 | | — | | 653 | |
Impairment charges (a) | | 12 | | 1 | | 234 | | — | | 247 | |
Total operating expenses | | 4,945 | | 1,192 | | 2,322 | | 13 | | 8,472 | |
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET | | 2 | | 1 | | — | | (1 | ) | 2 | |
OPERATING INCOME | | 1,550 | | 283 | | 300 | | 16 | | 2,149 | |
| | | | | | | | | | | |
OTHER INCOME AND EXPENSES | | | | | | | | | | | |
Other income and expenses, net (b) | | 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 | | 80 | | — | | 673 | |
SEGMENT INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION | | $ | 881 | | $ | 133 | | $ | 180 | | $ | (13 | ) | $ | 1,181 | |
(a) The amount for Duke Energy Indiana is primarily due to a non-cash impairment charge related to the Edwardsport IGCC project.
(b) Primarily due to an equity component of allowance for funds used during construction of $168 million for Carolinas, $4 million for Ohio and $88 million for Indiana, respectively.
7
U.S. Franchised Electric and Gas
CONSOLIDATING BALANCE SHEET - ASSETS
(Unaudited)
| | Duke Energy | | Progress Energy | | Progress Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | December 31, | |
(In millions) | | Carolinas, LLC | | Carolinas, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments (a) | | 2012 | |
| | | | | | | | | | | | | | | |
CURRENT ASSETS | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 19 | | $ | 18 | | $ | 131 | | $ | 19 | | $ | 36 | | $ | (1 | ) | $ | 222 | |
Receivables, net | | 188 | | 458 | | 318 | | 83 | | 33 | | 1 | | 1,081 | |
Restricted receivables of variable interest entities, net | | 637 | | — | | — | | — | | — | | 534 | | 1,171 | |
Receivables from affiliated companies | | 28 | | 150 | | 20 | | 134 | | 104 | | (214 | ) | 222 | |
Notes receivable from affiliated companies | | 382 | | — | | 207 | | 1 | | — | | (60 | ) | 530 | |
Inventory | | 1,062 | | 828 | | 613 | | 104 | | 380 | | — | | 2,987 | |
Other | | 421 | | 313 | | 351 | | 96 | | 138 | | 45 | | 1,364 | |
Total current assets | | 2,737 | | 1,767 | | 1,640 | | 437 | | 691 | | 305 | | 7,577 | |
| | | | | | | | | | | | | | | |
INVESTMENTS AND OTHER ASSETS | | | | | | | | | | | | | | | |
Investments in equity method unconsolidated affiliates | | 1 | | 2 | | 2 | | — | | — | | — | | 5 | |
Investments and advances to (from) subsidiaries | | 42 | | — | | — | | — | | — | | 6 | | 48 | |
Nuclear decommissioning trust funds | | 2,354 | | 1,259 | | 629 | | — | | — | | — | | 4,242 | |
Goodwill | | — | | — | | — | | 921 | | — | | 15,029 | | 15,950 | |
Intangibles, net | | 14 | | 5 | | 22 | | 2 | | 41 | | 1 | | 85 | |
Notes receivable | | 1 | | — | | — | | — | | 3 | | — | | 4 | |
Other | | 918 | | 219 | | 158 | | 38 | | 119 | | 9 | | 1,461 | |
Total investments and other assets | | 3,330 | | 1,485 | | 811 | | 961 | | 163 | | 15,045 | | 21,795 | |
| | | | | | | | | | | | | | | |
PROPERTY, PLANT AND EQUIPMENT | | | | | | | | | | | | | | | |
Cost | | 34,190 | | 21,158 | | 13,432 | | 6,534 | | 12,006 | | 1,097 | | 88,417 | |
Cost, variable interest entities | | — | | 16 | | — | | — | | — | | — | | 16 | |
Accumulated depreciation and amortization | | (11,437 | ) | (8,185 | ) | (4,072 | ) | (1,995 | ) | (3,692 | ) | — | | (29,381 | ) |
Generation facilities to be retired, net | | 73 | | 63 | | — | | — | | — | | (1 | ) | 135 | |
Net property, plant and equipment | | 22,826 | | 13,052 | | 9,360 | | 4,539 | | 8,314 | | 1,096 | | 59,187 | |
| | | | | | | | | | | | | | | |
REGULATORY ASSETS AND DEFERRED DEBITS | | | | | | | | | | | | | | | |
Regulatory Assets | | 1,727 | | 1,801 | | 3,321 | | 519 | | 810 | | 2,173 | | 10,351 | |
Other | | 71 | | 30 | | 48 | | 7 | | 24 | | (66 | ) | 114 | |
Total regulatory assets and deferred debits | | 1,798 | | 1,831 | | 3,369 | | 526 | | 834 | | 2,107 | | 10,465 | |
TOTAL ASSETS | | 30,691 | | 18,135 | | 15,180 | | 6,463 | | 10,002 | | 18,553 | | 99,024 | |
| | | | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (49 | ) | (67 | ) | — | | (29 | ) | 6 | | (723 | ) | (862 | ) |
| | | | | | | | | | | | | | | |
REPORTABLE SEGMENT ASSETS | | $ | 30,642 | | $ | 18,068 | | $ | 15,180 | | $ | 6,434 | | $ | 10,008 | | $ | 17,830 | | $ | 98,162 | |
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to mergers and acquisitions and restricted receivables related to Cinergy Receivables Company.
Segment Consolidating Balance Sheet
8
U.S. Franchised Electric and Gas
CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY
(Unaudited)
| | Duke Energy | | Progress Energy | | Progress Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | December 31, | |
(In millions) | | Carolinas, LLC | | Carolinas, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments (a) | | 2012 | |
| | | | | | | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | | | | | | | |
Accounts payable | | $ | 599 | | $ | 542 | | $ | 412 | | $ | 186 | | $ | 167 | | $ | 10 | | $ | 1,916 | |
Accounts payable to affiliated companies | | 12 | | 76 | | 44 | | 6 | | 8 | | 12,642 | | 12,788 | |
Notes payable to affiliated companies | | — | | 364 | | — | | 77 | | 81 | | (11 | ) | 511 | |
Non-recourse notes payable of variable interest entities | | — | | — | | — | | — | | — | | 312 | | 312 | |
Taxes accrued | | 122 | | 23 | | 48 | | 47 | | 65 | | (1 | ) | 304 | |
Interest accrued | | 96 | | 69 | | 55 | | 8 | | 53 | | (1 | ) | 280 | |
Current maturities of long-term debt | | 406 | | 407 | | 435 | | 261 | | 405 | | 96 | | 2,010 | |
Other | | 478 | | 517 | | 534 | | 84 | | 164 | | 3 | | 1,780 | |
Total current liabilities | | 1,713 | | 1,998 | | 1,528 | | 669 | | 943 | | 13,050 | | 19,901 | |
| | | | | | | | | | | | | | | |
LONG-TERM DEBT | | 7,735 | | 4,433 | | 4,885 | | 1,340 | | 3,147 | | 2,390 | | 23,930 | |
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES | | 300 | | — | | — | | — | | — | | — | | 300 | |
NOTES PAYABLE TO AFFILIATED COMPANIES | | 300 | | — | | — | | — | | 150 | | — | | 450 | |
| | | | | | | | | | | | | | | |
DEFERRED CREDITS AND OTHER LIABILITIES | | | | | | | | | | | | | | | |
Deferred income taxes | | 5,261 | | 2,162 | | 1,518 | | 1,063 | | 867 | | 36 | | 10,907 | |
Investment tax credits | | 215 | | 92 | | 3 | | 6 | | 142 | | — | | 458 | |
Accrued pension and other post-retirement benefit costs | | 221 | | 690 | | 610 | | 130 | | 186 | | 1 | | 1,838 | |
Asset retirement obligations | | 1,959 | | 1,649 | | 764 | | 23 | | 37 | | 699 | | 5,131 | |
Regulatory Liabilities | | 2,102 | | 1,538 | | 787 | | 263 | | 741 | | 10 | | 5,441 | |
Other | | 924 | | 295 | | 252 | | 102 | | 47 | | (5 | ) | 1,615 | |
Total deferred credits and other liabilities | | 10,682 | | 6,426 | | 3,934 | | 1,587 | | 2,020 | | 741 | | 25,390 | |
| | | | | | | | | | | | | | | |
PREFERRED STOCK OF SUBSIDIARIES | | — | | 59 | | 34 | | — | | — | | — | | 93 | |
| | | | | | | | | | | | | | | |
EQUITY | | 9,961 | | 5,219 | | 4,799 | | 2,867 | | 3,742 | | 2,372 | | 28,960 | |
TOTAL LIABILITIES AND EQUITY | | 30,691 | | 18,135 | | 15,180 | | 6,463 | | 10,002 | | 18,553 | | 99,024 | |
| | | | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (49 | ) | (67 | ) | — | | (29 | ) | 6 | | (723 | ) | (862 | ) |
| | | | | | | | | | | | | | | |
REPORTABLE SEGMENT LIABILITIES AND EQUITY | | $ | 30,642 | | $ | 18,068 | | $ | 15,180 | | $ | 6,434 | | $ | 10,008 | | $ | 17,830 | | $ | 98,162 | |
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to the mergers and acquisitions and non-recourse notes payable of Cinergy Receivables Company.
9
Franchised Electric - Duke Energy Carolinas
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| �� | | | | | | |
SOURCES OF ELECTRIC ENERGY (GWH) | | | | | | | |
Generated - net output (a): | | | | | | | |
Coal | | 27,971 | | 36,573 | | 39,602 | |
Nuclear | | 42,047 | | 41,798 | | 43,443 | |
Hydro | | 759 | | 772 | | 1,191 | |
Oil & gas | | 5,342 | | 957 | | 603 | |
Renewable Energy | | 10 | | 6 | | 6 | |
Total generation (b) | | 76,129 | | 80,106 | | 84,845 | |
Purchased power (c) and net interchange | | 10,139 | | 7,429 | | 5,313 | |
Total sources of energy | | 86,268 | | 87,535 | | 90,158 | |
Less: Line loss and company usage | | 4,906 | | 5,408 | | 4,717 | |
TOTAL GWH SOURCES | | 81,362 | | 82,127 | | 85,441 | |
| | | | | | | |
ELECTRIC ENERGY SALES (GWH) | | | | | | | |
Residential | | 26,279 | | 28,323 | | 30,049 | |
General service | | 27,476 | | 27,593 | | 27,968 | |
Industrial | | 20,978 | | 20,783 | | 20,618 | |
Other energy and wholesale | | 6,420 | | 6,197 | | 6,175 | |
Total GWh sales billed | | 81,153 | | 82,896 | | 84,810 | |
Unbilled GWh sales | | 209 | | (769 | ) | 631 | |
TOTAL GWH SALES | | 81,362 | | 82,127 | | 85,441 | |
| | | | | | | |
Total Capability - Owned MW (a) | | | | | | | |
(time of peak) | | | | | | | |
Summer | | 19,575 | | 19,356 | | 19,908 | |
Winter | | 19,829 | | 19,457 | | 19,916 | |
| | | | | | | |
Nuclear Capacity Factor (%) (d) | | 92 | | 93 | | 96 | |
(a) Statistics reflect Duke Energy Carolinas’ ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Statistics reflect 100% of jointly owned stations.
Operating Statistics
10
Franchised Electric - Duke Energy Carolinas
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) | | | | | | | |
Residential | | $ | 2,661 | | $ | 2,568 | | $ | 2,669 | |
General service | | 2,168 | | 1,962 | | 1,980 | |
Industrial | | 1,196 | | 1,059 | | 1,048 | |
Other energy and wholesale | | 378 | | 389 | | 377 | |
Total billed | | 6,403 | | 5,978 | | 6,074 | |
Unbilled | | 25 | | (30 | ) | 45 | |
TOTAL REVENUES | | $ | 6,428 | | $ | 5,948 | | $ | 6,119 | |
| | | | | | | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 2,053 | | 2,041 | | 2,034 | |
General service | | 337 | | 335 | | 333 | |
Industrial | | 7 | | 7 | | 8 | |
Other energy and wholesale | | 14 | | 14 | | 14 | |
TOTAL AVERAGE NUMBER OF CUSTOMERS | | 2,411 | | 2,397 | | 2,389 | |
11
Franchised Electric - Progress Energy Carolinas
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
SOURCES OF ELECTRIC ENERGY (GWH) | | | | | | | |
Generated - net output (a): | | | | | | | |
Coal | | 20,949 | | 20,948 | | 30,473 | |
Nuclear | | 23,032 | | 25,060 | | 21,624 | |
Hydro | | 598 | | 602 | | 608 | |
Oil & gas | | 10,713 | | 7,495 | | 5,484 | |
Total generation (b) | | 55,292 | | 54,105 | | 58,189 | |
Purchased power (c) and net interchange | | 5,512 | | 4,512 | | 3,985 | |
Total sources of energy | | 60,804 | | 58,617 | | 62,174 | |
Less: Line loss and company usage | | 2,414 | | 2,394 | | 2,472 | |
TOTAL GWH SOURCES | | 58,390 | | 56,223 | | 59,702 | |
| | | | | | | |
ELECTRIC ENERGY SALES (GWH) | | | | | | | |
Residential | | 16,663 | | 18,148 | | 19,108 | |
General service | | 15,062 | | 15,331 | | 15,634 | |
Industrial | | 10,508 | | 10,613 | | 10,665 | |
Other energy and wholesale | | 15,992 | | 12,729 | | 14,123 | |
Total GWh sales billed | | 58,225 | | 56,821 | | 59,530 | |
Unbilled GWh sales | | 165 | | (598 | ) | 172 | |
TOTAL GWH SALES | | 58,390 | | 56,223 | | 59,702 | |
| | | | | | | |
Total Capability - Owned MW (a) | | | | | | | |
(time of peak) | | | | | | | |
Summer | | 12,948 | | 12,958 | | 12,554 | |
Winter | | 13,981 | | 13,906 | | 13,342 | |
| | | | | | | |
Nuclear Capacity Factor (%) (d) | | 87 | | 95 | | 84 | |
(a) Statistics include Progress Energy Carolinas’ ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Statistics reflect 100% of jointly owned stations.
12
Franchised Electric - Progress Energy Carolinas
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) | | | | | | | |
Residential | | $ | 1,733 | | $ | 1,814 | | $ | 1,965 | |
General service | | 1,274 | | 1,258 | | 1,335 | |
Industrial | | 688 | | 691 | | 720 | |
Other energy and wholesale | | 979 | | 798 | | 881 | |
Total billed | | 4,674 | | 4,561 | | 4,901 | |
Unbilled | | 10 | | (34 | ) | 10 | |
TOTAL REVENUES | | $ | 4,684 | | $ | 4,527 | | $ | 4,911 | |
| | | | | | | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 1,231 | | 1,221 | | 1,216 | |
General service | | 219 | | 217 | | 216 | |
Industrial: | | 4 | | 4 | | 5 | |
Other energy and wholesale | | 3 | | 3 | | 2 | |
TOTAL AVERAGE NUMBER OF CUSTOMERS | | 1,457 | | 1,445 | | 1,439 | |
13
Franchised Electric - Progress Energy Florida
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
SOURCES OF ELECTRIC ENERGY (GWH) | | | | | | | |
Generated - net output (a): | | | | | | | |
Coal | | 10,035 | | 10,777 | | 12,115 | |
Oil & gas | | 24,115 | | 23,871 | | 24,755 | |
Total generation (b) | | 34,150 | | 34,648 | | 36,870 | |
Purchased power (c) and net interchange | | 6,950 | | 7,815 | | 9,248 | |
Total sources of energy | | 41,100 | | 42,463 | | 46,118 | |
Less: Line loss and company usage | | 2,657 | | 2,885 | | 2,878 | |
TOTAL GWH SOURCES | | 38,443 | | 39,578 | | 43,240 | |
| | | | | | | |
ELECTRIC ENERGY SALES (GWH) | | | | | | | |
Residential | | 18,251 | | 19,238 | | 20,524 | |
General service | | 14,945 | | 15,091 | | 15,156 | |
Industrial | | 3,160 | | 3,243 | | 3,219 | |
Other energy and wholesale | | 1,843 | | 2,787 | | 3,717 | |
Total GWh sales billed | | 38,199 | | 40,359 | | 42,616 | |
Unbilled GWh sales | | 244 | | (781 | ) | 624 | |
TOTAL GWH SALES | | 38,443 | | 39,578 | | 43,240 | |
| | | | | | | |
Total Capability - Owned MW (a) | | | | | | | |
(time of peak) | | | | | | | |
Summer | | 8,063 | | 8,402 | | 8,748 | |
Winter | | 7,872 | | 8,855 | | 10,822 | |
(a) Statistics reflect Progress Energy Florida’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
14
Franchised Electric - Progress Energy Florida
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) | | | | | | | |
Residential | | $ | 2,405 | | $ | 2,463 | | $ | 2,785 | |
General service | | 1,532 | | 1,490 | | 1,582 | |
Industrial: | | 289 | | 285 | | 300 | |
Other energy and wholesale | | 420 | | 163 | | 566 | |
Total billed | | 4,646 | | 4,401 | | 5,233 | |
Unbilled | | 19 | | (32 | ) | 20 | |
TOTAL REVENUES | | $ | 4,665 | | $ | 4,369 | | $ | 5,253 | |
| | | | | | | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 1,464 | | 1,452 | | 1,445 | |
General service | | 187 | | 186 | | 185 | |
Industrial | | 3 | | 2 | | 2 | |
Other energy and wholesale | | 2 | | 2 | | 2 | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | 1,656 | | 1,642 | | 1,634 | |
15
Franchised Electric - Duke Energy Ohio Electric
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
SOURCES OF ELECTRIC ENERGY (GWH) | | | | | | | |
Generated - net output (a): | | | | | | | |
Coal | | 3,101 | | 4,078 | | 4,007 | |
Oil & gas | | 11 | | 38 | | 39 | |
Total generation (b) | | 3,112 | | 4,116 | | 4,046 | |
Purchased power (c) and net interchange | | 1,547 | | 762 | | 787 | |
Total sources of energy | | 4,659 | | 4,878 | | 4,833 | |
Less: Line loss and company usage | | 236 | | 193 | | 145 | |
TOTAL GWH SOURCES | | 4,423 | | 4,685 | | 4,688 | |
| | | | | | | |
ELECTRIC ENERGY SALES (GWH) | | | | | | | |
Residential | | 8,591 | | 8,880 | | 9,175 | |
General service | | 9,375 | | 9,626 | | 9,744 | |
Industrial | | 5,761 | | 5,728 | | 5,900 | |
Other energy and wholesale | | 538 | | 777 | | 688 | |
Total GWh sales billed | | 24,265 | | 25,011 | | 25,507 | |
Unbilled GWh sales | | 79 | | (88 | ) | 12 | |
TOTAL GWH SALES | | 24,344 | | 24,923 | | 25,519 | |
| | | | | | | |
Total Capability - Owned MW (a) | | | | | | | |
(time of peak) | | | | | | | |
Summer | | 859 | | 1,037 | | 1,039 | |
Winter | | 1,141 | | 1,047 | | 1,141 | |
(a) Statistics reflect Duke Energy Ohio’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
Note: Total GWH Sources will not equal Total GWH Sales. Sources include Duke Energy Kentucky’s regulated generation for all periods. Sales include Duke Energy Ohio’s and Duke Energy Kentucky’s retail sales. In 2012, Ohio retail sales were fulfilled through auction purchases under the current ESP. In 2011 and 2010, generation used to fulfill Ohio retail sales were reflected in Commercial Power.
16
Franchised Electric - Duke Energy Ohio Electric
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) | | | | | | | |
Residential | | $ | 658 | | $ | 409 | | $ | 412 | |
General service | | 416 | | 313 | | 366 | |
Industrial | | 102 | | 96 | | 119 | |
Other energy and wholesale | | 21 | | 28 | | 25 | |
Total billed | | 1,197 | | 846 | | 922 | |
Unbilled | | 20 | | (4 | ) | — | |
TOTAL REVENUES | | $ | 1,217 | | $ | 842 | | $ | 922 | |
| | | | | | | |
AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 734 | | 731 | | 729 | |
General service | | 86 | | 85 | | 85 | |
Industrial | | 3 | | 3 | | 3 | |
Other energy and wholesale | | 2 | | 2 | | 3 | |
TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS | | 825 | | 821 | | 820 | |
17
Franchised Electric - Duke Energy Ohio Gas
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
MCF SALES | | | | | | | |
Residential | | 30,481 | | 36,549 | | 37,508 | |
General service | | 19,366 | | 22,536 | | 23,188 | |
Industrial | | 5,126 | | 5,457 | | 5,286 | |
Other energy and wholesale | | 21,744 | | 20,241 | | 20,091 | |
Total MCF sales billed | | 76,717 | | 84,783 | | 86,073 | |
Unbilled MCF sales | | 970 | | (1,835 | ) | 544 | |
TOTAL MCF SALES | | 77,687 | | 82,948 | | 86,617 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF GAS (IN MILLIONS) | | | | | | | |
Residential | | $ | 316 | | $ | 383 | | $ | 409 | |
General service | | 120 | | 150 | | 163 | |
Industrial | | 16 | | 20 | | 21 | |
Other energy and wholesale | | 17 | | 18 | | 18 | |
Total billed | | 469 | | 571 | | 611 | |
Unbilled | | — | | (12 | ) | — | |
TOTAL REVENUES | | $ | 469 | | $ | 559 | | $ | 611 | |
| | | | | | | |
AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 469 | | 467 | | 467 | |
General service | | 44 | | 44 | | 44 | |
Industrial | | 1 | | 2 | | 2 | |
TOTAL AVERAGE NUMBER OF GAS CUSTOMERS | | 514 | | 513 | | 513 | |
18
Franchised Electric - Duke Energy Indiana
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
SOURCES OF ELECTRIC ENERGY (GWH) | | | | | | | |
Generated - net output (a): | | | | | | | |
Coal | | 23,388 | | 26,026 | | 29,918 | |
Hydro | | 371 | | 306 | | 359 | |
Oil & gas | | 1,287 | | 611 | | 478 | |
Total generation (b) | | 25,046 | | 26,943 | | 30,755 | |
Purchased power (c) and net interchange | | 9,165 | | 7,455 | | 5,326 | |
Total sources of energy | | 34,211 | | 34,398 | | 36,081 | |
Less: Line loss and company usage | | 634 | | 1,217 | | 1,182 | |
TOTAL GWH SOURCES | | 33,577 | | 33,181 | | 34,899 | |
| | | | | | | |
ELECTRIC ENERGY SALES (GWH) | | | | | | | |
Residential | | 8,867 | | 9,316 | | 9,609 | |
General service | | 8,314 | | 8,359 | | 8,485 | |
Industrial | | 10,412 | | 10,237 | | 10,082 | |
Other energy and wholesale | | 5,849 | | 5,424 | | 6,694 | |
Total GWh sales billed | | 33,442 | | 33,336 | | 34,870 | |
Unbilled GWh sales | | 135 | | (155 | ) | 29 | |
TOTAL GWH SALES | | 33,577 | | 33,181 | | 34,899 | |
| | | | | | | |
Total Capability - Owned MW (a) | | | | | | | |
(time of peak) | | | | | | | |
Summer | | 5,327 | | 6,360 | | 6,618 | |
Winter | | 6,741 | | 6,731 | | 6,431 | |
(a) Statistics reflect Duke Energy Indiana’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
19
Franchised Electric - Duke Energy Indiana
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS) | | | | | | | |
Residential | | $ | 909 | | $ | 913 | | $ | 870 | |
General service | | 700 | | 673 | | 644 | |
Industrial | | 691 | | 643 | | 591 | |
Other energy and wholesale | | 305 | | 306 | | 323 | |
Total billed | | 2,605 | | 2,535 | | 2,428 | |
Unbilled | | 20 | | (9 | ) | 8 | |
TOTAL REVENUES | | $ | 2,625 | | $ | 2,526 | | $ | 2,436 | |
| | | | | | | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | | | | | | |
Residential | | 683 | | 679 | | 678 | |
General service | | 100 | | 100 | | 100 | |
Industrial | | 3 | | 3 | | 3 | |
Other energy and wholesale | | 2 | | 1 | | 1 | |
AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS) | | 788 | | 783 | | 782 | |
20
Commercial Power
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
GENERATION (GWh) | | | | | | | |
Coal | | 16,164 | | 17,378 | | 19,442 | |
Gas | | 17,122 | | 12,021 | | 7,026 | |
Renewables | | 3,452 | | 3,132 | | 2,286 | |
Actual plant generation | | 36,738 | | 32,531 | | 28,754 | |
| | | | | | | |
Net proportional megawatt capacity in operation | | 8,094 | | 8,325 | | 8,272 | |
21
International Energy
OPERATING STATISTICS
(Unaudited)
| | Year Ended December 31, | |
| | 2012 | | 2011 | | 2010 | |
| | | | | | | |
Sales, GWh | | 20,132 | | 18,889 | | 19,504 | |
Net proportional megawatt capacity in operation | | 4,584 | | 4,277 | | 4,203 | |
22
Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31, 2012
(Unaudited)
| | Franchised Electric and Gas | | | | | | | |
| | Ohio | | | | | | | | | |
| | Transmission & | | Duke Energy | | Commercial | | | | | |
(In millions) | | Distribution | | Kentucky, Inc. | | Power | | Other | | Consolidated | |
| | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | |
Regulated electric (a) | | $ | 934 | | $ | 341 | | $ | 114 | | $ | (3 | ) | $ | 1,386 | |
Non-regulated electric and other | | — | | — | | 1,344 | | (49 | ) | 1,295 | |
Regulated natural gas | | 381 | | 90 | | — | | — | | 471 | |
Total operating revenues | | 1,315 | | 431 | | 1,458 | | (52 | ) | 3,152 | |
| | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 337 | | 138 | | — | | — | | 475 | |
Fuel used in electric generation and purchased power - non-regulated | | — | | — | | 882 | | (50 | ) | 832 | |
Cost of natural gas and coal sold | | 105 | | 37 | | — | | — | | 142 | |
Operation, maintenance and other | | 312 | | 136 | | 299 | | 50 | | 797 | |
Depreciation and amortization | | 136 | | 44 | | 159 | | (1 | ) | 338 | |
Property and other taxes | | 182 | | 15 | | 26 | | 1 | | 224 | |
Goodwill and other impairment charges | | 2 | | — | | — | | — | | 2 | |
Total operating expenses | | 1,074 | | 370 | | 1,366 | | — | | 2,810 | |
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET | | 1 | | — | | 6 | | — | | 7 | |
OPERATING INCOME (LOSS) | | 242 | | 61 | | 98 | | (52 | ) | 349 | |
| | | | | | | | | | | |
OTHER INCOME AND EXPENSES, NET | | 7 | | 1 | | 4 | | 1 | | 13 | |
INTEREST EXPENSE | | 42 | | 18 | | 28 | | 1 | | 89 | |
INCOME (LOSS) BEFORE INCOME TAXES | | 207 | | 44 | | 74 | | (52 | ) | 273 | |
INCOME TAX EXPENSE (BENEFIT) | | 76 | | 16 | | 24 | | (18 | ) | 98 | |
INCOME FROM CONTINUING OPERATIONS | | 131 | | 28 | | 50 | | (34 | ) | 175 | |
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX | | — | | — | | (3 | ) | 3 | | — | |
NET INCOME (LOSS) | | $ | 131 | | $ | 28 | | $ | 47 | | $ | (31 | ) | $ | 175 | |
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
Duke Energy Ohio Supplement
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Duke Energy Ohio Supplement
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 30, 2011
(Unaudited)
| | Franchised Electric and Gas | | | | | | | |
| | Ohio | | | | | | | | | |
| | Transmission & | | Duke Energy | | Commercial | | | | | |
(In millions) | | Distribution | | Kentucky, Inc. | | Power | | Other | | Consolidated | |
| | | | | | | | | | | |
OPERATING REVENUES | | | | | | | | | | | |
Regulated electric (a) | | $ | 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 | |
| | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | |
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 | | 303 | | 142 | | 418 | | 22 | | 885 | |
Depreciation and amortization | | 120 | | 48 | | 168 | | (1 | ) | 335 | |
Property and other taxes | | 219 | | 12 | | 30 | | (1 | ) | 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 | |
| | | | | | | | | | | |
OTHER INCOME AND EXPENSES, NET | | 13 | | 3 | | 4 | | (1 | ) | 19 | |
INTEREST EXPENSE | | 51 | | 17 | | 37 | | (1 | ) | 104 | |
INCOME (LOSS) BEFORE INCOME TAXES | | 185 | | 46 | | 83 | | (24 | ) | 290 | |
INCOME TAX EXPENSE (BENEFIT) | | 76 | | 22 | | 6 | | (8 | ) | 96 | |
INCOME FROM CONTINUING OPERATIONS | | 109 | | 24 | | 77 | | (16 | ) | 194 | |
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX | | — | | — | | — | | — | | — | |
NET INCOME (LOSS) | | $ | 109 | | $ | 24 | | $ | 77 | | $ | (16 | ) | $ | 194 | |
(a) The amount for Commercial Power is primarily due to sales to Duke Energy Ohio rate regulated retail customers under the 2009-2011 ESP.
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