Exhibit 99.1
3rd Quarter 2013 Statistical Supplement
CONTENTS
| DUKE ENERGY CORPORATION | |
| | |
| 2 | Consolidating Statement of Operations | |
| 4 | Consolidating Balance Sheet | |
| | |
| U.S. FRANCHISED ELECTRIC AND GAS | |
| | |
| 6 | Consolidating Segment Income | |
| 8 | Consolidating Balance Sheet | |
| 10 | Operating Statistics (U.S. Franchised Electric And Gas) | |
| 12 | Operating Statistics (Duke Energy Carolinas) | |
| 14 | Operating Statistics (Duke Energy Progress) | |
| 16 | Operating Statistics (Duke Energy Florida) | |
| 18 | Operating Statistics (Duke Energy Ohio - Electric) | |
| 20 | Operating Statistics (Duke Energy Ohio - Gas) | |
| 21 | Operating Statistics (Duke Energy Indiana) | |
| | | |
| INTERNATIONAL ENERGY | |
| | | |
| 23 | Operating Statistics | |
| | | |
| COMMERCIAL POWER | |
| | | |
| 24 | Operating Statistics | |
| | | |
| DUKE ENERGY OHIO SUPPLEMENT | |
| | | |
| 25 | Consolidating Statement of Operations | |
DUKE ENERGY CORPORATION
Consolidating Statement of Operations
(Unaudited)
| | Nine Months Ended September 30, 2013 | |
| | U.S. Franchised | | International | | Commercial | | | | Eliminations/ | | | |
(in millions) | | Electric and Gas | | Energy | | Power | | Other | | Adjustments | | Duke Energy | |
Operating Revenues | | | | | | | | | | | | | |
Regulated electric (a) | | $ | 15,402 | | $ | — | | $ | 90 | | $ | 53 | | $ | (104 | ) | $ | 15,441 | |
Nonregulated electric, natural gas, and other | | — | | 1,168 | | 1,469 | | 72 | | (26 | ) | 2,683 | |
Regulated natural gas | | 364 | | — | | — | | — | | (2 | ) | 362 | |
Total operating revenues | | 15,766 | | 1,168 | | 1,559 | | 125 | | (132 | ) | 18,486 | |
Operating Expenses | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 5,394 | | — | | — | | — | | — | | 5,394 | |
Fuel used in electric generation and purchased power - nonregulated | | — | | 362 | | 951 | | 52 | | (36 | ) | 1,329 | |
Cost of natural gas and coal sold | | 102 | | 54 | | 24 | | — | | — | | 180 | |
Operation, maintenance and other | | 3,635 | | 266 | | 354 | | 224 | | (96 | ) | 4,383 | |
Depreciation and amortization | | 1,678 | | 75 | | 188 | | 104 | | — | | 2,045 | |
Property and other taxes | | 939 | | 8 | | 38 | | 6 | | — | | 991 | |
Impairment charges (b) | | 388 | | — | | — | | — | | — | | 388 | |
Total operating expenses | | 12,136 | | 765 | | 1,555 | | 386 | | (132 | ) | 14,710 | |
Gains (Losses) on Sales of Other Assets and Other, Net | | 6 | | — | | 1 | | (4 | ) | — | | 3 | |
Operating Income (Loss) | | 3,636 | | 403 | | 5 | | (265 | ) | — | | 3,779 | |
Other Income and Expenses | | 166 | | 95 | | 9 | | 3 | | — | | 273 | |
Interest Expense | | 713 | | 60 | | 48 | | 306 | | — | | 1,127 | |
Income (Loss) from Continuing Operations before Income Taxes | | 3,089 | | 438 | | (34 | ) | (568 | ) | — | | 2,925 | |
Income Tax Expense (Benefit) | | 1,157 | | 128 | | (60 | ) | (273 | ) | — | | 952 | |
Income (Loss) from Continuing Operations | | 1,932 | | 310 | | 26 | | (295 | ) | — | | 1,973 | |
Less: Net Income (Loss) Attributable to Non-controlling Interest | | — | | 10 | | — | | (3 | ) | — | | 7 | |
Segment Income/Net Expense | | $ | 1,932 | | $ | 300 | | $ | 26 | | $ | (292 | ) | $ | — | | $ | 1,966 | |
Income from Discontinued Operations, Net of Tax | | | | | | | | | | | | 11 | |
Net Income Attributable to Duke Energy Corporation | | | | | | | | | | | | $ | 1,977 | |
(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 USFE&G is primarily comprised of a $295 million charge related to the agreement to forego recovery of a portion of the Cyrstal River Unit 3 regulatory asset, a $65 million charge to write-off the wholesale portion of the Levy investments and a $22 million charge at Duke Energy Progress resulting from the decision to suspend application of two proposed nuclear units at the Harris nuclear station.
2
DUKE ENERGY CORPORATION
Consolidating Statement of Operations
(Unaudited)
| | Nine Months Ended September 30, 2012 | |
| | U.S. Franchised | | International | | Commercial | | | | Eliminations/ | | | |
(in millions) | | Electric and Gas | | Energy | | Power | | Other | | Adjustments | | Duke Energy | |
Operating Revenues | | | | | | | | | | | | | |
Regulated electric (a) | | $ | 10,876 | | $ | — | | $ | 88 | | $ | (3 | ) | $ | (69 | ) | $ | 10,892 | |
Nonregulated electric, natural gas, and other | | — | | 1,181 | | 1,519 | | 54 | | (46 | ) | 2,708 | |
Regulated natural gas | | 331 | | — | | — | | — | | (2 | ) | 329 | |
Total operating revenues | | 11,207 | | 1,181 | | 1,607 | | 51 | | (117 | ) | 13,929 | |
Operating Expenses | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 3,848 | | — | | — | | — | | — | | 3,848 | |
Fuel used in electric generation and purchased power - nonregulated | | — | | 394 | | 947 | | 30 | | (43 | ) | 1,328 | |
Cost of natural gas and coal sold | | 95 | | 55 | | 34 | | — | | — | | 184 | |
Operation, maintenance and other | | 2,474 | | 241 | | 328 | | 293 | | (74 | ) | 3,262 | |
Depreciation and amortization | | 1,275 | | 74 | | 172 | | 99 | | — | | 1,620 | |
Property and other taxes | | 640 | | 4 | | 31 | | 6 | | — | | 681 | |
Impairment charges (b)(c) | | 582 | | — | | — | | 86 | | — | | 668 | |
Total operating expenses | | 8,914 | | 768 | | 1,512 | | 514 | | (117 | ) | 11,591 | |
Gains (Losses) on Sales of Other Assets and Other, Net | | 13 | | — | | 11 | | (3 | ) | — | | 21 | |
Operating Income (Loss) | | 2,306 | | 413 | | 106 | | (466 | ) | — | | 2,359 | |
Other Income and Expenses | | 227 | | 136 | | 26 | | 14 | | — | | 403 | |
Interest Expense | | 546 | | 60 | | 55 | | 196 | | — | | 857 | |
Income (Loss) from Continuing Operations before Income Taxes | | 1,987 | | 489 | | 77 | | (648 | ) | — | | 1,905 | |
Income Tax Expense (Benefit) | | 723 | | 129 | | 5 | | (292 | ) | — | | 565 | |
Income (Loss) from Continuing Operations | | 1,264 | | 360 | | 72 | | (356 | ) | — | | 1,340 | |
Less: Net Income Attributable to Non-controlling Interest | | 1 | | 10 | | 1 | | — | | — | | 12 | |
Segment Income/Net Expense | | $ | 1,263 | | $ | 350 | | $ | 71 | | $ | (356 | ) | $ | — | | $ | 1,328 | |
Income from Discontinued Operations, Net of Tax | | | | | | | | | | | | 5 | |
Net Income Attributable to Duke Energy Corporation | | | | | | | | | | | | $ | 1,333 | |
(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 USFE&G is primarily due to $580 million of 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: USFE&G and Other include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012.
3
DUKE ENERGY CORPORATION
Consolidating Balance Sheet - Assets
(Unaudited)
| | September 30, 2013 | |
| | U.S. Franchised | | International | | Commercial | | | | Eliminations/ | | | |
(in millions) | | Electric and Gas | | Energy | | Power | | Other | | Adjustments | | Duke Energy | |
Current Assets | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 115 | | $ | 1,645 | | $ | 11 | | $ | 395 | | $ | — | | $ | 2,166 | |
Short-term investments | | — | | 118 | | — | | — | | — | | 118 | |
Receivables, net | | 1,279 | | 198 | | 59 | | 49 | | — | | 1,585 | |
Restricted receivables of variable interest entities, net | | 1,230 | | — | | 28 | | — | | — | | 1,258 | |
Receivables from affiliated companies | | 334 | | 146 | | 649 | | 12,398 | | (13,527 | ) | — | |
Notes receivable from affiliated companies | | 473 | | — | | 46 | | 337 | | (856 | ) | — | |
Inventory | | 2,893 | | 78 | | 117 | | 12 | | — | | 3,100 | |
Other | | 1,539 | | 49 | | 260 | | 365 | | (22 | ) | 2,191 | |
Total current assets | | 7,863 | | 2,234 | | 1,170 | | 13,556 | | (14,405 | ) | 10,418 | |
Investments and Other Assets | | | | | | | | | | | | | |
Investments in equity method unconsolidated affiliates | | 4 | | 92 | | 252 | | 163 | | — | | 511 | |
Investments and advances to (from) subsidiaries | | 55 | | (15 | ) | (8 | ) | 43,246 | | (43,278 | ) | — | |
Nuclear decommissioning trust funds | | 4,805 | | — | | — | | — | | — | | 4,805 | |
Goodwill | | 15,950 | | 331 | | 64 | | — | | — | | 16,345 | |
Intangibles, net | | 80 | | 52 | | 219 | | — | | — | | 351 | |
Notes receivable | | 6 | | 57 | | — | | 452 | | (450 | ) | 65 | |
Restricted other assets of variable interest entities | | — | | — | | 52 | | — | | — | | 52 | |
Other | | 1,398 | | 352 | | 72 | | 582 | | (43 | ) | 2,361 | |
Total investments and other assets | | 22,298 | | 869 | | 651 | | 44,443 | | (43,771 | ) | 24,490 | |
Property, Plant and Equipment | | | | | | | | | | | | | |
Cost | | 90,539 | | 3,667 | | 4,908 | | 1,568 | | — | | 100,682 | |
Cost, variable interest entities | | 16 | | — | | 1,663 | | — | | — | | 1,679 | |
Accumulated depreciation and amortization | | (30,343 | ) | (976 | ) | (1,016 | ) | (801 | ) | — | | (33,136 | ) |
Generation facilities to be retired, net | | 59 | | — | | — | | — | | — | | 59 | |
Net property, plant and equipment | | 60,271 | | 2,691 | | 5,555 | | 767 | | — | | 69,284 | |
Regulatory Assets and Deferred Debits | | | | | | | | | | | | | |
Regulatory assets | | 9,680 | | — | | 66 | | 474 | | — | | 10,220 | |
Other | | 96 | | 6 | | 40 | | 36 | | — | | 178 | |
Total regulatory assets and deferred debits | | 9,776 | | 6 | | 106 | | 510 | | — | | 10,398 | |
Total Assets | | 100,208 | | 5,800 | | 7,482 | | 59,276 | | (58,176 | ) | 114,590 | |
| | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (939 | ) | (131 | ) | (630 | ) | (56,618 | ) | 58,318 | | — | |
| | | | | | | | | | | | | |
Reportable Segment Assets | | $ | 99,269 | | $ | 5,669 | | $ | 6,852 | | $ | 2,658 | | $ | 142 | | $ | 114,590 | |
4
DUKE ENERGY CORPORATION
Consolidating Balance Sheet - Liabilities and Equity
(Unaudited)
| | September 30, 2013 | |
| | U.S. Franchised | | International | | Commercial | | | | Eliminations/ | | | |
(in millions) | | Electric and Gas | | Energy | | Power | | Other | | Adjustments | | Duke Energy | |
Current Liabilities | | | | | | | | | | | | | |
Accounts payable | | $ | 1,451 | | $ | 36 | | $ | 117 | | $ | 215 | | $ | — | | $ | 1,819 | |
Accounts payable to affiliated companies | | 12,797 | | 8 | | 37 | | 630 | | (13,472 | ) | — | |
Notes payable to affiliated companies | | 432 | | — | | 37 | | 428 | | (897 | ) | — | |
Notes payable and commercial paper | | — | | — | | — | | 1,278 | | — | | 1,278 | |
Non-recourse notes payable of variable interest entities | | 325 | | — | | — | | — | | — | | 325 | |
Taxes accrued (prepaid) | | 518 | | 78 | | (80 | ) | 190 | | — | | 706 | |
Interest accrued | | 361 | | 20 | | — | | 93 | | — | | 474 | |
Current maturities of long-term debt | | 550 | | 117 | | 84 | | 1,556 | | — | | 2,307 | |
Other | | 1,749 | | 81 | | 95 | | 441 | | (36 | ) | 2,330 | |
Total current liabilities | | 18,183 | | 340 | | 290 | | 4,831 | | (14,405 | ) | 9,239 | |
Long-term Debt | | 25,168 | | 1,008 | | 396 | | 9,565 | | — | | 36,137 | |
Non-recourse Long-term Debt of Variable Interest Entities | | 300 | | — | | 965 | | — | | — | | 1,265 | |
Notes Payable to Affiliated Companies | | 450 | | — | | — | | — | | (450 | ) | — | |
Deferred Credits and Other Liabilities | | | | | | | | | | | | | |
Deferred income taxes | | 12,160 | | 233 | | 1,246 | | (2,150 | ) | — | | 11,489 | |
Investment tax credits | | 446 | | — | | — | | — | | — | | 446 | |
Accrued pension and other post-retirement benefit costs | | 1,242 | | 1 | | 44 | | 500 | | (44 | ) | 1,743 | |
Asset retirement obligations | | 5,298 | | 2 | | 40 | | 1 | | — | | 5,341 | |
Regulatory liabilities | | 5,899 | | — | | — | | 5 | | — | | 5,904 | |
Other | | 1,160 | | 71 | | 112 | | 446 | | — | | 1,789 | |
Total deferred credits and other liabilities | | 26,205 | | 307 | | 1,442 | | (1,198 | ) | (44 | ) | 26,712 | |
Equity | | | | | | | | | | | | | |
Total Duke Energy Corporation shareholders’ equity | | 29,902 | | 4,083 | | 4,375 | | 46,082 | | (43,277 | ) | 41,165 | |
Noncontrolling interests | | — | | 62 | | 14 | | (4 | ) | — | | 72 | |
Total equity | | 29,902 | | 4,145 | | 4,389 | | 46,078 | | (43,277 | ) | 41,237 | |
Total Liabilities and Equity | | 100,208 | | 5,800 | | 7,482 | | 59,276 | | (58,176 | ) | 114,590 | |
| | | | | | | | | | | | | |
Segment reclassifications, intercompany balances and other adjustments | | (939 | ) | (131 | ) | (630 | ) | (56,618 | ) | 58,318 | | — | |
| | | | | | | | | | | | | |
Reportable Segment Liabilities and Equity | | $ | 99,269 | | $ | 5,669 | | $ | 6,852 | | $ | 2,658 | | $ | 142 | | $ | 114,590 | |
5
U.S. FRANCHISED ELECTRIC AND GAS
Consolidating Segment Income
(Unaudited)
| | Nine Months Ended September 30, 2013 | |
| | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | U.S. Franchised | |
(in millions) | | Carolinas, LLC | | Progress, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments | | Electic and Gas | |
Operating Revenues | | | | | | | | | | | | | | | |
Regulated electric | | $ | 5,218 | | $ | 3,750 | | $ | 3,442 | | $ | 953 | | $ | 2,179 | | $ | (140 | ) | $ | 15,402 | |
Regulated natural gas | | — | | — | | — | | 364 | | — | | — | | 364 | |
Total operating revenues | | 5,218 | | 3,750 | | 3,442 | | 1,317 | | 2,179 | | (140 | ) | 15,766 | |
Operating Expenses | | | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 1,478 | | 1,440 | | 1,462 | | 327 | | 852 | | (165 | ) | 5,394 | |
Cost of natural gas | | — | | — | | — | | 102 | | — | | — | | 102 | |
Operation, maintenance and other | | 1,283 | | 977 | | 586 | | 328 | | 469 | | (8 | ) | 3,635 | |
Depreciation and amortization | | 676 | | 393 | | 237 | | 149 | | 227 | | (4 | ) | 1,678 | |
Property and other taxes | | 282 | | 172 | | 245 | | 180 | | 59 | | 1 | | 939 | |
Impairment charges (a) | | — | | 22 | | 346 | | — | | — | | 20 | | 388 | |
Total operating expenses | | 3,719 | | 3,004 | | 2,876 | | 1,086 | | 1,607 | | (156 | ) | 12,136 | |
Gains on Sales of Other Assets and Other, Net | | — | | 1 | | 1 | | 4 | | — | | — | | 6 | |
Operating Income | | 1,499 | | 747 | | 567 | | 235 | | 572 | | 16 | | 3,636 | |
Other Income and Expenses (b) | | 94 | | 43 | | 19 | | 3 | | 14 | | (7 | ) | 166 | |
Interest Expense | | 255 | | 147 | | 138 | | 46 | | 127 | | — | | 713 | |
Income from Continuing Operations before Income Taxes | | 1,338 | | 643 | | 448 | | 192 | | 459 | | 9 | | 3,089 | |
Income Tax Expense | | 502 | | 241 | | 180 | | 70 | | 170 | | (6 | ) | 1,157 | |
Segment Income | | $ | 836 | | $ | 402 | | $ | 268 | | $ | 122 | | $ | 289 | | $ | 15 | | $ | 1,932 | |
(a) Amount for Duke Energy Progress relates to the decision to suspend application of two proposed nuclear units at the Harris nuclear station. Amount for Duke Energy Florida is comprised of a $295 million charge related to the agreement to forego recovery of a portion of the Crystal River Unit 3 regulatory asset and a $65 million charge to write-off the wholesale portion of the Levy investments.
(b) Primarily due to an equity component of allowance for funds used during construction of $70 million for Duke Energy Carolinas, $33 million for Duke Energy Progress, $6 million for Duke Energy Florida and $11 million for Duke Energy Indiana.
6
U.S. FRANCHISED ELECTRIC AND GAS
Consolidating Segment Income
(Unaudited)
| | Nine Months Ended September 30, 2012 | |
| | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | U.S. Franchised | |
(in millions) | | Carolinas, LLC | | Progress, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments | | Electric and Gas | |
Operating Revenues | | | | | | | | | | | | | | | |
Regulated electric | | $ | 5,062 | | $ | 1,396 | | $ | 1,388 | | $ | 960 | | $ | 2,091 | | $ | (21 | ) | $ | 10,876 | |
Regulated natural gas | | — | | — | | — | | 331 | | — | | — | | 331 | |
Total operating revenues | | 5,062 | | 1,396 | | 1,388 | | 1,291 | | 2,091 | | (21 | ) | 11,207 | |
Operating Expenses | | | | | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated(a) | | 1,385 | | 580 | | 799 | | 375 | | 853 | | (144 | ) | 3,848 | |
Cost of natural gas | | — | | — | | — | | 95 | | — | | — | | 95 | |
Operation, maintenance and other | | 1,202 | | 278 | | 209 | | 328 | | 420 | | 37 | | 2,474 | |
Depreciation and amortization | | 686 | | 131 | | 39 | | 130 | | 292 | | (3 | ) | 1,275 | |
Property and other taxes | | 277 | | 58 | | 99 | | 145 | | 60 | | 1 | | 640 | |
Impairment charges (b) | | — | | — | | — | | 2 | | 580 | | — | | 582 | |
Total operating expenses | | 3,550 | | 1,047 | | 1,146 | | 1,075 | | 2,205 | | (109 | ) | 8,914 | |
Gains on Sales of Other Assets and Other, Net | | 9 | | 2 | | 1 | | 2 | | — | | (1 | ) | 13 | |
Operating Income (Loss) | | 1,521 | | 351 | | 243 | | 218 | | (114 | ) | 87 | | 2,306 | |
Other Income and Expenses (c) | | 129 | | 21 | | 11 | | 8 | | 66 | | (8 | ) | 227 | |
Interest Expense | | 284 | | 51 | | 61 | | 44 | | 104 | | 2 | | 546 | |
Income (Loss) from Continuing Operations before Income Taxes | | 1,366 | | 321 | | 193 | | 182 | | (152 | ) | 77 | | 1,987 | |
Income Tax Expense (Benefit) | | 493 | | 116 | | 70 | | 69 | | (88 | ) | 63 | | 723 | |
Income (Loss) from Continuing Operations | | 873 | | 205 | | 123 | | 113 | | (64 | ) | 14 | | 1,264 | |
Less: Net Income Attributable to Non-controlling Interest | | — | | — | | — | | — | | — | | 1 | | 1 | |
Segment Income (Loss) | | $ | 873 | | $ | 205 | | $ | 123 | | $ | 113 | | $ | (64 | ) | $ | 13 | | $ | 1,263 | |
(a) Elimination amount includes $100 million of purchase power refunds at Duke Energy Florida related to the Crystal River Unit 3 retirement. This amount was recorded as expense by Duke Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.
(b) Amount for Duke Energy Indiana is due to impairment charges related to the Edwardsport IGCC project.
(c) Primarily due to an equity component of allowance for funds used during construction of $116 million for Duke Energy Carolinas, $18 million for Duke Energy Progress, $9 million for Duke Energy Florida, $5 million for Duke Energy Ohio and $61 million for Duke Energy Indiana.
Note: Includes Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012.
7
U.S. FRANCHISED ELECTRIC AND GAS
Consolidating Balance Sheet - Assets
(Unaudited)
| | September 30, 2013 | |
| | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | U.S. Franchised | |
(in millions) | | Carolinas, LLC | | Progress, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments (a) | | Electic and Gas | |
Current Assets | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 25 | | $ | 32 | | $ | 15 | | $ | 17 | | $ | 25 | | $ | 1 | | $ | 115 | |
Receivables, net | | 140 | | 553 | | 458 | | 114 | | 11 | | 3 | | 1,279 | |
Restricted receivables of variable interest entities, net | | 703 | | — | | — | | — | | — | | 527 | | 1,230 | |
Receivables from affiliated companies | | 71 | | 220 | | 46 | | 179 | | 123 | | (305 | ) | 334 | |
Notes receivable from affiliated companies | | 595 | | — | | 30 | | — | | 69 | | (221 | ) | 473 | |
Inventory | | 1,033 | | 795 | | 567 | | 85 | | 413 | | — | | 2,893 | |
Other | | 458 | | 407 | | 325 | | 109 | | 209 | | 31 | | 1,539 | |
Total current assets | | 3,025 | | 2,007 | | 1,441 | | 504 | | 850 | | 36 | | 7,863 | |
Investment and Other Assets | | | | | | | | | | | | | | | |
Investments in equity method unconsolidated affiliates | | 1 | | 1 | | 2 | | — | | — | | — | | 4 | |
Investments and advances to subsidiaries | | 44 | | — | | — | | 1 | | — | | 10 | | 55 | |
Nuclear decommissioning trust funds | | 2,673 | | 1,425 | | 707 | | — | | — | | — | | 4,805 | |
Goodwill | | — | | — | | — | | 920 | | — | | 15,030 | | 15,950 | |
Intangibles, net | | 13 | | 12 | | 19 | | 2 | | 33 | | 1 | | 80 | |
Notes receivable | | 3 | | — | | — | | — | | — | | 3 | | 6 | |
Other | | 827 | | 284 | | 155 | | 42 | | 156 | | (66 | ) | 1,398 | |
Total investments and other assets | | 3,561 | | 1,722 | | 883 | | 965 | | 189 | | 14,978 | | 22,298 | |
Property, Plant and Equipment | | | | | | | | | | | | | | | |
Cost | | 34,916 | | 21,828 | | 13,702 | | 6,760 | | 12,310 | | 1,023 | | 90,539 | |
Cost, variable interest entities | | — | | 16 | | — | | — | | — | | — | | 16 | |
Accumulated depreciation and amortization | | (11,731 | ) | (8,509 | ) | (4,188 | ) | (2,075 | ) | (3,839 | ) | (1 | ) | (30,343 | ) |
Generation facilities to be retired, net | | — | | 59 | | — | | — | | — | | — | | 59 | |
Net property, plant and equipment | | 23,185 | | 13,394 | | 9,514 | | 4,685 | | 8,471 | | 1,022 | | 60,271 | |
Regulatory Assets and Deferred Debits | | | | | | | | | | | | | | | |
Regulatory assets | | 1,794 | | 1,515 | | 3,007 | | 507 | | 790 | | 2,067 | | 9,680 | |
Other | | 45 | | 32 | | 45 | | 9 | | 25 | | (60 | ) | 96 | |
Total regulatory assets and deferred debits | | 1,839 | | 1,547 | | 3,052 | | 516 | | 815 | | 2,007 | | 9,776 | |
Total Assets | | 31,610 | | 18,670 | | 14,890 | | 6,670 | | 10,325 | | 18,043 | | 100,208 | |
Segment reclassifications, intercompany balances and other adjustments | | (238 | ) | (130 | ) | 24 | | (39 | ) | (39 | ) | (517 | ) | (939 | ) |
Reportable Segment Assets | | $ | 31,372 | | $ | 18,540 | | $ | 14,914 | | $ | 6,631 | | $ | 10,286 | | $ | 17,526 | | $ | 99,269 | |
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments and restricted receivables related to Cinergy Receivables Company.
8
U.S. FRANCHISED ELECTRIC AND GAS
Consolidating Balance Sheet - Liabilities and Equity
(Unaudited)
| | September 30, 2013 | |
| | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Duke Energy | | Eliminations/ | | U.S. Franchised | |
(in millions) | | Carolinas, LLC | | Progress, Inc. | | Florida, Inc. | | Ohio, Inc. | | Indiana, Inc. | | Adjustments (a) | | Electric And Gas | |
Current Liabilities | | | | | | | | | | | | | | | |
Accounts payable | | $ | 451 | | $ | 399 | | $ | 336 | | $ | 149 | | $ | 114 | | $ | 2 | | $ | 1,451 | |
Accounts payable to affiliated companies | | 222 | | 34 | | 1 | | 13 | | 1 | | 12,526 | | 12,797 | |
Notes payable to affiliated companies | | — | | 581 | | — | | 32 | | — | | (181 | ) | 432 | |
Non-recourse notes payable of variable interest entities | | — | | — | | — | | — | | — | | 325 | | 325 | |
Taxes accrued | | 169 | | 86 | | 200 | | — | | 66 | | (3 | ) | 518 | |
Interest accrued | | 142 | | 74 | | 65 | | 28 | | 53 | | (1 | ) | 361 | |
Current maturities of long-term debt | | 447 | | 7 | | 11 | | 5 | | 4 | | 76 | | 550 | |
Other | | 461 | | 440 | | 667 | | 80 | | 101 | | — | | 1,749 | |
Total current liabilities | | 1,892 | | 1,621 | | 1,280 | | 307 | | 339 | | 12,744 | | 18,183 | |
Long-term Debt | | 7,692 | | 4,929 | | 4,876 | | 1,787 | | 3,644 | | 2,240 | | 25,168 | |
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 | | 5,595 | | 2,435 | | 1,782 | | 1,176 | | 1,139 | | 33 | | 12,160 | |
Investment tax credits | | 211 | | 87 | | 2 | | 6 | | 141 | | (1 | ) | 446 | |
Accrued pension and other post-retirement benefit costs | | 211 | | 325 | | 475 | | 122 | | 182 | | (73 | ) | 1,242 | |
Asset retirement obligations | | 2,053 | | 1,709 | | 777 | | 24 | | 37 | | 698 | | 5,298 | |
Regulatory liabilities | | 2,484 | | 1,743 | | 640 | | 257 | | 766 | | 9 | | 5,899 | |
Other | | 732 | | 164 | | 167 | | 58 | | 42 | | (3 | ) | 1,160 | |
Total deferred credits and other liabilities | | 11,286 | | 6,463 | | 3,843 | | 1,643 | | 2,307 | | 663 | | 26,205 | |
Equity | | 10,140 | | 5,657 | | 4,891 | | 2,933 | | 3,885 | | 2,396 | | 29,902 | |
Total Liabilities and Equity | | 31,610 | | 18,670 | | 14,890 | | 6,670 | | 10,325 | | 18,043 | | 100,208 | |
Segment reclassifications, intercompany balances and other adjustments | | (238 | ) | (130 | ) | 24 | | (39 | ) | (39 | ) | (517 | ) | (939 | ) |
Reportable Segment Liabilities and Equity | | $ | 31,372 | | $ | 18,540 | | $ | 14,914 | | $ | 6,631 | | $ | 10,286 | | $ | 17,526 | | $ | 99,269 | |
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments and notes payable related to Cinergy Receivables Company.
9
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (U.S. Franchised Electric And Gas)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (b): | | | | | |
Coal | | 63,010 | | 65,634 | |
Nuclear | | 51,431 | | 49,209 | |
Hydro | | 2,788 | | 1,417 | |
Oil & gas | | 37,105 | | 32,143 | |
Renewable Energy | | 11 | | 8 | |
Total generation (c) | | 154,345 | | 148,411 | |
Purchased power (d) and net interchange | | 22,689 | | 24,853 | |
Total sources of energy | | 177,034 | | 173,264 | |
Less: Line loss and company usage | | 8,182 | | 8,357 | |
Total GWh Sources | | 168,852 | | 164,907 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 61,996 | | 61,100 | |
General service | | 57,163 | | 57,477 | |
Industrial | | 38,466 | | 38,379 | |
Other energy and wholesale (f) | | 26,715 | | 22,704 | |
Change in unbilled | | (308 | ) | 541 | |
Total GWh Sales | | 184,032 | | 180,201 | |
| | | | | |
Owned MW Capacity (b) | | | | | |
Summer | | 49,444 | | 48,238 | |
Winter | | 52,745 | | 52,012 | |
| | | | | |
Nuclear Capacity Factor (%) (e) | | 95 | | 91 | |
(a) The prior year amounts include Duke Energy Progress and Duke Energy Florida activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
(b) Statistics reflect Duke Energy Carolinas’ ownership share of jointly owned stations.
(c) Generation by source is reported net of auxiliary power.
(d) Purchased Power includes Renewable Energy purchases.
(e) Statistics reflect 100% of jointly owned stations.
(f) Net of JDA Intercompany sales
10
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (U.S. Franchised Electric And Gas)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 6,488 | | $ | 6,491 | |
General service | | 4,558 | | 4,662 | |
Industrial | | 2,246 | | 2,264 | |
Other energy and wholesale | | 1,698 | | 1,439 | |
Change in unbilled | | (11 | ) | 36 | |
Total Revenues | | $ | 14,979 | | $ | 14,892 | |
| | | | | |
Average Number of Customers (in thousands) | | | | | |
Residential | | 6,208 | | 6,161 | |
General service | | 935 | | 929 | |
Industrial | | 19 | | 19 | |
Other energy and wholesale | | 22 | | 22 | |
Total Average Number of Customers | | 7,184 | | 7,131 | |
(a) The prior year amounts include Duke Energy Progress and Duke Energy Florida activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
11
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Carolinas)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (a): | | | | | |
Coal | | 22,269 | | 20,998 | |
Nuclear | | 33,625 | | 32,949 | |
Hydro | | 1,734 | | 650 | |
Oil & gas | | 6,772 | | 3,945 | |
Renewable Energy | | 11 | | 8 | |
Total generation (b) | | 64,411 | | 58,550 | |
Purchased power (c) and net interchange | | 4,901 | | 7,196 | |
Total sources of energy | | 69,312 | | 65,746 | |
Less: Line loss and company usage | | 3,929 | | 3,608 | |
Total GWh Sources | | 65,383 | | 62,138 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 20,874 | | 20,534 | |
General service | | 21,115 | | 21,057 | |
Industrial | | 15,866 | | 15,899 | |
Other energy and wholesale | | 8,040 | | 4,681 | |
Change in unbilled | | (512 | ) | (33 | ) |
Total GWh Sales | | 65,383 | | 62,138 | |
| | | | | |
Owned MW Capacity (a) | | | | | |
Summer | | 19,729 | | 19,208 | |
Winter | | 20,463 | | 20,029 | |
| | | | | |
Nuclear Capacity Factor (%) (d) | | 98 | | 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.
12
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Carolinas)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 2,066 | | $ | 2,081 | |
General service | | 1,658 | | 1,670 | |
Industrial | | 888 | | 922 | |
Other energy and wholesale | | 433 | | 290 | |
Change in unbilled | | (28 | ) | (5 | ) |
Total Revenues | | $ | 5,017 | | $ | 4,958 | |
| | | | | |
Average Number of Customers (in thousands) | | | | | |
Residential | | 2,066 | | 2,051 | |
General service | | 339 | | 337 | |
Industrial | | 7 | | 7 | |
Other energy and wholesale | | 13 | | 14 | |
Total Average Number of Customers | | 2,425 | | 2,409 | |
13
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Progress)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (b): | | | | | |
Coal | | 11,563 | | 16,341 | |
Nuclear | | 17,806 | | 16,260 | |
Hydro | | 797 | | 495 | |
Oil & gas | | 11,899 | | 8,610 | |
Total generation (c) | | 42,065 | | 41,706 | |
Purchased power (d) and net interchange | | 5,317 | | 4,222 | |
Total sources of energy | | 47,382 | | 45,928 | |
Less: Line loss and company usage | | 1,621 | | 1,963 | |
Total GWh Sources | | 45,761 | | 43,965 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 13,375 | | 12,915 | |
General service | | 11,438 | | 11,565 | |
Industrial | | 8,086 | | 7,884 | |
Other energy and wholesale | | 12,967 | | 11,808 | |
Change in unbilled | | (105 | ) | (207 | ) |
Total GWh Sales | | 45,761 | | 43,965 | |
| | | | | |
Owned MW Capacity (b) | | | | | |
Summer | | 12,231 | | 11,288 | |
Winter | | 13,240 | | 12,779 | |
| | | | | |
Nuclear Capacity Factor (%) (e) | | 89 | | 83 | |
(a) For comparability purposes, the prior year amounts include Duke Energy Progress activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
(b) Statistics include Duke Energy Progress’ ownership share of jointly owned stations.
(c) Generation by source is reported net of auxiliary power.
(d) Purchased Power includes Renewable Energy purchases.
(e) Statistics reflect 100% of jointly owned stations.
14
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Progress)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 1,395 | | $ | 1,346 | |
General service | | 978 | | 979 | |
Industrial | | 521 | | 519 | |
Other energy and wholesale | | 743 | | 625 | |
Change in unbilled | | 7 | | (3 | ) |
Total Revenues | | $ | 3,644 | | $ | 3,466 | |
| | | | | |
Average Number of Customers (in thousands) | | | | | |
Residential | | 1,241 | | 1,230 | |
General service | | 221 | | 219 | |
Industrial | | 4 | | 4 | |
Other energy and wholesale | | 2 | | 3 | |
Total Average Number of Customers | | 1,468 | | 1,456 | |
(a) For comparability purposes, the prior year amounts include Duke Energy Progress activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
15
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Florida)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (b): | | | | | |
Coal | | 8,262 | | 8,119 | |
Oil & gas | | 17,505 | | 18,359 | |
Total generation (c) | | 25,767 | | 26,478 | |
Purchased power (d) and net interchange | | 5,458 | | 5,515 | |
Total sources of energy | | 31,225 | | 31,993 | |
Less: Line loss and company usage | | 2,093 | | 2,179 | |
Total GWh Sources | | 29,132 | | 29,814 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 13,948 | | 13,942 | |
General service | | 11,110 | | 11,284 | |
Industrial | | 2,409 | | 2,384 | |
Other energy and wholesale | | 1,182 | | 1,399 | |
Change in unbilled | | 483 | | 805 | |
Total GWh Sales | | 29,132 | | 29,814 | |
| | | | | |
Owned MW Capacity (b) | | | | | |
Summer | | 8,952 | �� | 9,805 | |
Winter | | 10,030 | | 10,822 | |
(a) For comparability purposes, the prior year amounts include Duke Energy Florida activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
(b) Statistics reflect Duke Energy Florida’s ownership share of jointly owned stations. 2012 capacity includes Crystal River Unit 3.
(c) Generation by source is reported net of auxiliary power.
(d) Purchased Power includes Renewable Energy purchases.
16
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Florida)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 (a) | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 1,741 | | $ | 1,837 | |
General service | | 1,039 | | 1,156 | |
Industrial | | 197 | | 218 | |
Other energy and wholesale | | 419 | | 329 | |
Change in unbilled | | 25 | | 36 | |
Total Revenues | | $ | 3,421 | | $ | 3,576 | |
| | | | | |
Average Number of Customers (in thousands) | | | | | |
Residential | | 1,477 | | 1,463 | |
General service | | 189 | | 187 | |
Industrial | | 2 | | 2 | |
Other energy and wholesale | | 2 | | 2 | |
Total Average Number of Customers | | 1,670 | | 1,654 | |
(a) For comparability purposes, the prior year amounts include Duke Energy Florida activity prior to the July 2, 2012 merger between Duke Energy and Progress Energy.
17
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Ohio - Electric)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (a): | | | | | |
Coal | | 2,673 | | 2,195 | |
Total generation (b) | | 2,673 | | 2,195 | |
Purchased power (c) and net interchange | | 960 | | 1,293 | |
Total sources of energy | | 3,633 | | 3,488 | |
Less: Line loss and company usage | | 246 | | 182 | |
Total GWh Sources | | 3,387 | | 3,306 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 6,761 | | 6,770 | |
General service | | 7,166 | | 7,188 | |
Industrial | | 4,316 | | 4,340 | |
Other energy and wholesale | | 406 | | 321 | |
Change in unbilled | | (82 | ) | (19 | ) |
Total GWh Sales | | 18,567 | | 18,600 | |
| | | | | |
Owned MW Capacity (a) | | | | | |
Summer | | 1,039 | | 1,039 | |
Winter | | 1,141 | | 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. Ohio retail sales are fulfilled through auction purchases under the current ESP.
18
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Ohio - Electric)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 532 | | $ | 518 | |
General service | | 314 | | 316 | |
Industrial | | 80 | | 75 | |
Other energy and wholesale | | 17 | | 13 | |
Change in unbilled | | (7 | ) | 11 | |
Total Revenues | | $ | 936 | | $ | 933 | |
| | | | | |
Average Number of Electric Customers (in thousands) | | | | | |
Residential | | 737 | | 734 | |
General service | | 86 | | 86 | |
Industrial | | 3 | | 3 | |
Other energy and wholesale | | 2 | | 2 | |
Total Average Number of Electric Customers | | 828 | | 825 | |
19
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Ohio - Gas)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
MCF Sales | | | | | |
Residential | | 28,481,036 | | 22,165,265 | |
General service | | 17,456,201 | | 14,011,683 | |
Industrial | | 4,633,841 | | 3,727,950 | |
Other energy and wholesale | | 15,598,636 | | 16,191,419 | |
Change in unbilled | | (4,728,000 | ) | (3,641,000 | ) |
Total MCF Sales | | 61,441,714 | | 52,455,317 | |
| | | | | |
Revenues from Distribution of Gas (in millions) | | | | | |
Residential | | $ | 251 | | $ | 235 | |
General service | | 99 | | 89 | |
Industrial | | 15 | | 11 | |
Other energy and wholesale | | 13 | | 13 | |
Change in unbilled | | (18 | ) | (17 | ) |
Total Revenues | | $ | 360 | | $ | 331 | |
| | | | | |
Average Number of Gas Customers (in thousands) | | | | | |
Residential | | 469 | | 469 | |
General service | | 43 | | 43 | |
Industrial | | 2 | | 2 | |
Total Average Number of Gas Customers | | 514 | | 514 | |
20
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Indiana)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Sources of Electric Energy (GWh) | | | | | |
Generated - net output (a): | | | | | |
Coal | | 18,243 | | 17,981 | |
Hydro | | 257 | | 272 | |
Gas | | 929 | | 1,229 | |
Total generation (b) | | 19,429 | | 19,482 | |
Purchased power (c) and net interchange | | 6,053 | | 6,627 | |
Total sources of energy | | 25,482 | | 26,109 | |
Less: Line loss and company usage | | 293 | | 425 | |
Total GWh Sources | | 25,189 | | 25,684 | |
| | | | | |
Electric Energy Sales (GWh) | | | | | |
Residential | | 7,039 | | 6,939 | |
General service | | 6,334 | | 6,383 | |
Industrial | | 7,789 | | 7,872 | |
Other energy and wholesale | | 4,119 | | 4,495 | |
Change in unbilled | | (92 | ) | (5 | ) |
Total GWh Sales | | 25,189 | | 25,684 | |
| | | | | |
Owned MW Capacity (a) | | | | | |
Summer | | 7,493 | | 6,898 | |
Winter | | 7,871 | | 7,241 | |
(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.
21
U.S. FRANCHISED ELECTRIC AND GAS
Operating Statistics (Duke Energy Indiana)
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Revenues from Generation, Transmission and Distribution of Electricity (in millions) | | | | | |
Residential | | $ | 754 | | $ | 709 | |
General service | | 569 | | 541 | |
Industrial | | 560 | | 530 | |
Other energy and wholesale | | 236 | | 227 | |
Change in unbilled | | (8 | ) | (3 | ) |
Total Revenues | | $ | 2,111 | | $ | 2,004 | |
| | | | | |
Average Number of Customers (in thousands) | | | | | |
Residential | | 687 | | 683 | |
General service | | 100 | | 100 | |
Industrial | | 3 | | 3 | |
Other energy and wholesale | | 2 | | 1 | |
Total Average Number of Customers | | 792 | | 787 | |
22
INTERNATIONAL ENERGY
Operating Statistics
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
Sales, GWh | | 14,744 | | 15,264 | |
Net proportional megawatt capacity in operation | | 4,600 | | 4,465 | |
23
COMMERCIAL POWER
Operating Statistics
(Unaudited)
| | Nine Months Ended September 30, | |
| | 2013 | | 2012 | |
| | | | | |
Generation (GWh) | | | | | |
Coal | | 13,730 | | 12,421 | |
Gas | | 10,953 | | 13,483 | |
Renewables | | 3,761 | | 2,399 | |
Actual plant generation | | 28,444 | | 28,303 | |
| | | | | |
Net proportional megawatt capacity in operation | | 8,132 | | 7,760 | |
24
DUKE ENERGY OHIO SUPPLEMENT
Consolidating Statement of Operations
(Unaudited)
| | Nine Months Ended September 30, 2013 | |
| | Franchised Electric and Gas | | | | | | | |
| | Ohio | | | | | | | | | |
| | Transmission & | | Duke Energy | | Commercial | | | | Duke Energy | |
(in millions) | | Distribution | | Kentucky, Inc. | | Power | | Other | | Ohio | |
Operating Revenues | | | | | | | | | | | |
Regulated electric (a) | | $ | 691 | | $ | 262 | | $ | 90 | | $ | — | | $ | 1,043 | |
Nonregulated electric and other | | — | | — | | 995 | | (25 | ) | 970 | |
Regulated natural gas | | 290 | | 74 | | — | | — | | 364 | |
Total operating revenues | | 981 | | 336 | | 1,085 | | (25 | ) | 2,377 | |
Operating Expenses | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 219 | | 108 | | — | | — | | 327 | |
Fuel used in electric generation and purchased power - nonregulated | | — | | — | | 722 | | (26 | ) | 696 | |
Cost of natural gas sold | | 71 | | 31 | | — | | — | | 102 | |
Operation, maintenance and other | | 237 | | 91 | | 231 | | 25 | | 584 | |
Depreciation and amortization | | 115 | | 34 | | 116 | | — | | 265 | |
Property and other taxes | | 170 | | 10 | | 21 | | — | | 201 | |
Total operating expenses | | 812 | | 274 | | 1,090 | | (1 | ) | 2,175 | |
Gains on Sales of Other Assets and Other, Net | | 1 | | 3 | | 1 | | — | | 5 | |
Operating Income (Loss) | | 170 | | 65 | | (4 | ) | (24 | ) | 207 | |
Other Income and Expenses | | 2 | | 1 | | — | | 1 | | 4 | |
Interest Expense | | 34 | | 12 | | 4 | | — | | 50 | |
Income (Loss) before Income Taxes | | 138 | | 54 | | (8 | ) | (23 | ) | 161 | |
Income Tax Expense (Benefit) | | 51 | | 19 | | (5 | ) | — | | 65 | |
Net Income (Loss) | | $ | 87 | | $ | 35 | | $ | (3 | ) | $ | (23 | ) | $ | 96 | |
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
25
DUKE ENERGY OHIO SUPPLEMENT
Consolidating Statement of Operations
(Unaudited)
| | Nine Months Ended September 30, 2012 | |
| | Franchised Electric and Gas | | | | | | | |
| | Ohio | | | | | | | | | |
| | Transmission & | | Duke Energy | | Commercial | | | | Duke Energy | |
(in millions) | | Distribution | | Kentucky, Inc. | | Power | | Other | | Ohio | |
Operating Revenues | | | | | | | | | | | |
Regulated electric (a) | | $ | 704 | | $ | 256 | | $ | 88 | | $ | (1 | ) | $ | 1,047 | |
Nonregulated electric and other | | — | | — | | 1,049 | | (41 | ) | 1,008 | |
Regulated natural gas | | 269 | | 62 | | — | | — | | 331 | |
Total operating revenues | | 973 | | 318 | | 1,137 | | (42 | ) | 2,386 | |
Operating Expenses | | | | | | | | | | | |
Fuel used in electric generation and purchased power - regulated | | 272 | | 103 | | — | | — | | 375 | |
Fuel used in electric generation and purchased power - nonregulated | | — | | — | | 690 | | (41 | ) | 649 | |
Cost of natural gas sold | | 70 | | 25 | | — | | — | | 95 | |
Operation, maintenance and other | | 234 | | 94 | | 216 | | 35 | | 579 | |
Depreciation and amortization | | 97 | | 33 | | 119 | | — | | 249 | |
Property and other taxes | | 136 | | 9 | | 20 | | 1 | | 166 | |
Goodwill and other impairment charges | | 2 | | — | | — | | (2 | ) | — | |
Total operating expenses | | 811 | | 264 | | 1,045 | | (7 | ) | 2,113 | |
Gains (Losses) on Sales of Other Assets and Other, Net | | 2 | | — | | 1 | | (1 | ) | 2 | |
Operating Income (Loss) | | 164 | | 54 | | 93 | | (36 | ) | 275 | |
Other Income and Expenses | | 7 | | 1 | | 4 | | 1 | | 13 | |
Interest Expense | | 31 | | 13 | | 26 | | — | | 70 | |
Income (Loss) before Income Taxes | | 140 | | 42 | | 71 | | (35 | ) | 218 | |
Income Tax Expense (Benefit) | | 54 | | 15 | | 27 | | (11 | ) | 85 | |
Net Income (Loss) | | 86 | | 27 | | 44 | | (24 | ) | 133 | |
| | | | | | | | | | | | | | | | |
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
26