Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Entity Registrant Name | 'Duke Energy Corporation | ' |
Entity Central Index Key | '0001326160 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 705,993,361 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Duke Energy Carolinas [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Carolinas, LLC | ' |
Entity Central Index Key | '0000030371 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Progress Energy [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Progress Energy, Inc | ' |
Entity Central Index Key | '0001094093 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Duke Energy Progress [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Progress, Inc. | ' |
Entity Central Index Key | '0000017797 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Florida [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Florida, Inc. | ' |
Entity Central Index Key | '0000037637 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Ohio [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Ohio, Inc. | ' |
Entity Central Index Key | '0000020290 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Duke Energy Indiana [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'Duke Energy Indiana, Inc. | ' |
Entity Central Index Key | '0000081020 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Regulated electric | $5,718 | $5,763 | $15,441 | $10,892 | ||||
Non-regulated electric, natural gas, and other | 908 | 882 | 2,683 | 2,708 | ||||
Regulated natural gas | 83 | 77 | 362 | 329 | ||||
Total operating revenues | 6,709 | 6,722 | 18,486 | 13,929 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 2,013 | 2,222 | 5,394 | 3,848 | ||||
Fuel used in electric generation and purchased power - non-regulated | 428 | 484 | 1,329 | 1,328 | ||||
Cost of natural gas and coal sold | 33 | 40 | 180 | 184 | ||||
Operation, maintenance and other | 1,458 | 1,654 | 4,383 | 3,262 | ||||
Depreciation and amortization | 707 | 666 | 2,045 | 1,620 | ||||
Property and other taxes | 325 | 326 | 991 | 681 | ||||
Impairment charges | 2 | 266 | 388 | 668 | ||||
Total operating expenses | 4,966 | 5,658 | 14,710 | 11,591 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 0 | 14 | 3 | 21 | ||||
Operating Income (Loss) | 1,743 | 1,078 | 3,779 | 2,359 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Equity in earnings of unconsolidated affiliates | 33 | 33 | 91 | 118 | ||||
Other income and expenses, net | 54 | 132 | 182 | 285 | ||||
Total other income and expenses | 87 | 165 | 273 | 403 | ||||
Interest Expense | 379 | 401 | 1,127 | 857 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 1,451 | 842 | 2,925 | 1,905 | ||||
Income Tax Expense or Benefit from Continuing Operations | 457 | 248 | 952 | 565 | ||||
Income (Loss) from Continuing Operations | 994 | 594 | 1,973 | 1,340 | ||||
Income (Loss) From Discontinued Operations, net of tax | 14 | 4 | 11 | 5 | ||||
Net Income (Loss) | 1,008 | 598 | 1,984 | 1,345 | ||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | 4 | 4 | 7 | 12 | ||||
Net Income (Loss) Attributable to Duke Energy | 1,004 | 594 | 1,977 | 1,333 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Pension and OPEB related adjustments | ' | -21 | [1] | 5 | [1] | -15 | [1] | |
Net unrealized gain (loss) on cash flow hedges | 1 | [2] | -2 | [2] | 55 | [2] | -19 | [2] |
Reclassification into earnings from cash flow hedges | -1 | 2 | -1 | ' | ||||
Other Comprehensive Income Unrealized Holding Gain Loss On Auction Rate Securities Arising During Period Net Of Tax | ' | 1 | ' | 7 | ||||
Other comprehensive income (loss), net of tax | -4 | -20 | -78 | -110 | ||||
Comprehensive Income (Loss) | 1,004 | 578 | 1,906 | 1,235 | ||||
Less: Comprehensive Income Attributable to Noncontrolling Interests | 4 | 4 | 3 | 8 | ||||
Comprehensive income (loss) | 1,000 | 574 | 1,903 | 1,227 | ||||
Income From Continuing Operations Attributable To Parent Common Shareholders [Abstract] | ' | ' | ' | ' | ||||
Basic | $1.40 | $0.84 | $2.78 | $2.50 | ||||
Diluted | $1.40 | $0.84 | $2.78 | $2.50 | ||||
Income (loss) from discontinued operations attributable To Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ' | ||||
Basic | $0.02 | $0.01 | $0.01 | $0.01 | ||||
Diluted | $0.02 | $0.01 | $0.01 | $0.01 | ||||
Net income attributable to Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ' | ||||
Basic | $1.42 | $0.85 | $2.79 | $2.51 | ||||
Diluted | $1.42 | $0.85 | $2.79 | $2.51 | ||||
Dividends declared per share | $0 | $0 | $2.31 | $2.27 | ||||
Weighted-average shares outstanding [Abstract] | ' | ' | ' | ' | ||||
Basic | 706 | 699 | 706 | 531 | ||||
Diluted | 706 | 699 | 706 | 531 | ||||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Total operating revenues | 1,919 | 1,939 | 5,239 | 5,056 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 539 | 576 | 1,500 | 1,398 | ||||
Operation, maintenance and other | 456 | 562 | 1,392 | 1,369 | ||||
Depreciation and amortization | 228 | 233 | 676 | 687 | ||||
Property and other taxes | 90 | 100 | 282 | 279 | ||||
Impairment charges | ' | 31 | ' | 31 | ||||
Total operating expenses | 1,313 | 1,502 | 3,850 | 3,764 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | -2 | 3 | 0 | 9 | ||||
Operating Income (Loss) | 604 | 440 | 1,389 | 1,301 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 29 | 48 | 94 | 130 | ||||
Interest Expense | 82 | 95 | 255 | 285 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 551 | 393 | 1,228 | 1,146 | ||||
Income Tax Expense or Benefit from Continuing Operations | 209 | 135 | 461 | 411 | ||||
Net Income (Loss) | 342 | 258 | 767 | 735 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Reclassification into earnings from cash flow hedges | 1 | 0 | 1 | 2 | ||||
Other comprehensive income (loss), net of tax | ' | ' | 1 | 2 | ||||
Comprehensive Income (Loss) | 343 | 258 | 768 | 737 | ||||
Progress Energy [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Total operating revenues | 2,766 | 2,788 | 7,233 | 7,178 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 1,154 | 1,396 | 2,932 | 3,299 | ||||
Operation, maintenance and other | 559 | 626 | 1,653 | 1,798 | ||||
Depreciation and amortization | 240 | 174 | 644 | 571 | ||||
Property and other taxes | 141 | 160 | 423 | 440 | ||||
Impairment charges | 2 | 55 | 368 | 55 | ||||
Total operating expenses | 2,096 | 2,411 | 6,020 | 6,163 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 1 | 2 | 2 | 4 | ||||
Operating Income (Loss) | 671 | 379 | 1,215 | 1,019 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 26 | 32 | 63 | 97 | ||||
Interest Expense | 162 | 182 | 520 | 560 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 535 | 229 | 758 | 556 | ||||
Income Tax Expense or Benefit from Continuing Operations | 207 | 75 | 289 | 193 | ||||
Income (Loss) from Continuing Operations | 328 | 154 | 469 | 363 | ||||
Income (Loss) From Discontinued Operations, net of tax | 14 | 3 | 10 | 10 | ||||
Net Income (Loss) | 342 | 157 | 479 | 373 | ||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | 1 | 2 | 2 | 5 | ||||
Net Income (Loss) Attributable to Duke Energy | 341 | 155 | 477 | 368 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Pension and OPEB related adjustments | 4 | 1 | 5 | 0 | ||||
Net unrealized gain (loss) on cash flow hedges | -3 | 0 | 0 | -5 | ||||
Reclassification into earnings from cash flow hedges | 3 | 0 | 3 | 7 | ||||
Reclassification of cash flow hedges to regulatory assets | 0 | 97 | [3] | 0 | 97 | [3] | ||
Other comprehensive income (loss), net of tax | 4 | 98 | 8 | 99 | ||||
Comprehensive income (loss) | 346 | 255 | 487 | 472 | ||||
Duke Energy Progress [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Total operating revenues | 1,430 | 1,398 | 3,781 | 3,578 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 574 | 597 | 1,470 | 1,450 | ||||
Operation, maintenance and other | 352 | 384 | 1,044 | 1,146 | ||||
Depreciation and amortization | 143 | 131 | 393 | 399 | ||||
Property and other taxes | 59 | 60 | 172 | 168 | ||||
Impairment charges | 0 | 55 | 22 | 55 | ||||
Total operating expenses | 1,128 | 1,227 | 3,101 | 3,218 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 1 | 1 | 1 | 2 | ||||
Operating Income (Loss) | 303 | 172 | 681 | 362 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 21 | 21 | 43 | 57 | ||||
Interest Expense | 52 | 52 | 147 | 156 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 272 | 141 | 577 | 263 | ||||
Income Tax Expense or Benefit from Continuing Operations | 97 | 45 | 215 | 83 | ||||
Net Income (Loss) | 175 | 96 | 362 | 180 | ||||
Less: Preferred Stock Dividend Requirement | 0 | 1 | 0 | 2 | ||||
Net Income (Loss) Available to Parent | 175 | 95 | 362 | 178 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Net unrealized gain (loss) on cash flow hedges | 0 | 1 | 0 | -4 | ||||
Reclassification into earnings from cash flow hedges | 0 | 0 | 0 | 4 | ||||
Reclassification of cash flow hedges to regulatory assets | 0 | 71 | [4] | 0 | 71 | [4] | ||
Other comprehensive income (loss), net of tax | 0 | 72 | 0 | 71 | ||||
Comprehensive income (loss) | 175 | 168 | 362 | 251 | ||||
Duke Energy Florida [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Total operating revenues | 1,332 | 1,388 | 3,442 | 3,594 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 579 | 799 | 1,462 | 1,849 | ||||
Operation, maintenance and other | 207 | 245 | 616 | 660 | ||||
Depreciation and amortization | 95 | 39 | 237 | 158 | ||||
Property and other taxes | 81 | 99 | 245 | 271 | ||||
Impairment charges | 1 | 0 | 346 | 0 | ||||
Total operating expenses | 963 | 1,182 | 2,906 | 2,938 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 0 | 1 | 1 | 2 | ||||
Operating Income (Loss) | 369 | 207 | 537 | 658 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 6 | 11 | 19 | 29 | ||||
Interest Expense | 46 | 62 | 138 | 194 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 329 | 156 | 418 | 493 | ||||
Income Tax Expense or Benefit from Continuing Operations | 132 | 56 | 168 | 182 | ||||
Net Income (Loss) | 197 | 100 | 250 | 311 | ||||
Less: Preferred Stock Dividend Requirement | 0 | 0 | 0 | 1 | ||||
Net Income (Loss) Available to Parent | 197 | 100 | 250 | 310 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Pension and OPEB related adjustments | -1 | 0 | -1 | 0 | ||||
Reclassification of cash flow hedges to regulatory assets | 0 | 26 | 0 | 26 | ||||
Other comprehensive income (loss), net of tax | -1 | 26 | -1 | 26 | ||||
Comprehensive income (loss) | 196 | 126 | 249 | 337 | ||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Regulated electric | 371 | 387 | 1,043 | 1,047 | ||||
Non-regulated electric, natural gas, and other | 364 | 292 | 970 | 1,008 | ||||
Regulated natural gas | 84 | 78 | 364 | 331 | ||||
Total operating revenues | 819 | 757 | 2,377 | 2,386 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 121 | 141 | 327 | 375 | ||||
Fuel used in electric generation and purchased power - non-regulated | 234 | 234 | 696 | 649 | ||||
Cost of natural gas and coal sold | 9 | 8 | 102 | 95 | ||||
Operation, maintenance and other | 187 | 208 | 584 | 579 | ||||
Depreciation and amortization | 88 | 86 | 265 | 249 | ||||
Property and other taxes | 65 | 38 | 201 | 166 | ||||
Total operating expenses | 704 | 715 | 2,175 | 2,113 | ||||
Gains (Losses) on Sales of Other Assets and Other, net | 1 | 0 | 5 | 2 | ||||
Operating Income (Loss) | 116 | 42 | 207 | 275 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 1 | 5 | 4 | 13 | ||||
Interest Expense | 14 | 21 | 50 | 70 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 103 | 26 | 161 | 218 | ||||
Income Tax Expense or Benefit from Continuing Operations | 44 | 12 | 65 | 85 | ||||
Net Income (Loss) | 59 | 14 | 96 | 133 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Pension and OPEB related adjustments | 0 | 0 | 1 | 1 | ||||
Other comprehensive income (loss), net of tax | ' | ' | 1 | 1 | ||||
Comprehensive income (loss) | 59 | 14 | 97 | 134 | ||||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ||||
Operating Revenues [Abstract] | ' | ' | ' | ' | ||||
Total operating revenues | 755 | 718 | 2,179 | 2,091 | ||||
Operating Expenses [Abstract] | ' | ' | ' | ' | ||||
Fuel used in electric generation and purchased power - regulated | 283 | 283 | 852 | 853 | ||||
Operation, maintenance and other | 176 | 162 | 489 | 473 | ||||
Depreciation and amortization | 72 | 100 | 227 | 292 | ||||
Property and other taxes | 21 | 23 | 59 | 61 | ||||
Impairment charges | 0 | 180 | 0 | 580 | ||||
Total operating expenses | 552 | 748 | 1,627 | 2,259 | ||||
Operating Income (Loss) | 203 | -30 | 552 | -168 | ||||
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ||||
Total other income and expenses | 4 | 24 | 14 | 66 | ||||
Interest Expense | 43 | 35 | 127 | 105 | ||||
Income (Loss) From Continuing Operations Before Income Taxes | 164 | -41 | 439 | -207 | ||||
Income Tax Expense or Benefit from Continuing Operations | 60 | -22 | 163 | -98 | ||||
Net Income (Loss) | 104 | -19 | 276 | -109 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Reclassification into earnings from cash flow hedges | -1 | 0 | -2 | -1 | ||||
Other comprehensive income (loss), net of tax | ' | ' | -2 | -1 | ||||
Comprehensive income (loss) | $103 | ($19) | $274 | ($110) | ||||
[1] | Net of insignificant tax expense and $2 million tax expense for the three and nine months ended September 30, 2013 and $10 million tax benefit and $7 million tax benefit for the three and nine months ended September 30, 2012. | |||||||
[2] | Net of $1 million tax benefit and $17 million tax expense for the three and nine months ended September 30, 2013 and $1 million tax benefit and $10 million tax benefit for the three and nine months ended September 30, 2012. | |||||||
[3] | Net of tax expense of $62 million in 2012. | |||||||
[4] | Net of $46 million tax expense in 2012. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Operations (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension and OPEB related adjustments to AOCI, tax | ' | $10 | ($2) | $7 |
Net unrealized gains (losses) on cash flow hedges, tax | -1 | -1 | 17 | -10 |
Progress Energy [Member] | ' | ' | ' | ' |
Reclassification of cash flow hedges to regulatory assets, tax | 0 | 62 | 0 | 62 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Reclassification of cash flow hedges to regulatory assets, tax | 0 | 46 | 0 | 46 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Reclassification of cash flow hedges to regulatory assets, tax | $0 | $17 | $0 | $17 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ||||
Net Income | $1,008 | $598 | $1,984 | $1,345 | ||||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Foreign currency translation adjustments | -8 | 2 | -137 | -85 | ||||
Pension and OPEB related adjustments | ' | -21 | [1] | 5 | [1] | -15 | [1] | |
Net unrealized gain (loss) on cash flow hedges | 1 | [2] | -2 | [2] | 55 | [2] | -19 | [2] |
Reclassification into earnings from cash flow hedges | 1 | -2 | 1 | ' | ||||
Unrealized gain (loss) on investments in auction rate securities | ' | 1 | ' | 7 | ||||
Unrealized gain (loss) on investments in available for sale securities | -1 | 3 | -5 | 6 | ||||
Reclassification into earnings from available for sale securities | 3 | -1 | 3 | -4 | ||||
Other Comprehensive Income (Loss), Net of Tax | -4 | -20 | -78 | -110 | ||||
Comprehensive Income | 1,004 | 578 | 1,906 | 1,235 | ||||
Less: Comprehensive Income Attributable to Noncontrolling Interests | 4 | 4 | 3 | 8 | ||||
Comprehensive Income Attributable to Duke Energy Corporation | $1,000 | $574 | $1,903 | $1,227 | ||||
[1] | Net of insignificant tax expense and $2 million tax expense for the three and nine months ended September 30, 2013 and $10 million tax benefit and $7 million tax benefit for the three and nine months ended September 30, 2012. | |||||||
[2] | Net of $1 million tax benefit and $17 million tax expense for the three and nine months ended September 30, 2013 and $1 million tax benefit and $10 million tax benefit for the three and nine months ended September 30, 2012. |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthethical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension and OPEB related adjustments to AOCI, tax | ' | $10 | ($2) | $7 |
Net unrealized gains (losses) on cash flow hedges, tax | ($1) | ($1) | $17 | ($10) |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | $2,166 | $1,424 |
Short Term Investments | 118 | 333 |
Receivables (net of allowance for doubtful accounts) | 1,585 | 1,516 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 1,258 | 1,201 |
Inventory | 3,100 | 3,223 |
Other | 2,191 | 2,425 |
Total current assets | 10,418 | 10,122 |
Investments and Other Assets [Abstract] | ' | ' |
Investments in equity method unconsolidated affiliates | 511 | 483 |
Nuclear decommissioning trust funds | 4,805 | 4,242 |
Goodwill | 16,345 | 16,365 |
Intangibles, net | 351 | 372 |
Notes receivable | 65 | 71 |
Restricted other assets of variable interest entities | 52 | 62 |
Other | 2,361 | 2,399 |
Total investments and other assets | 24,490 | 23,994 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 100,682 | 98,833 |
Cost, variable interest entities | 1,679 | 1,558 |
Accumulated depreciation and amortization | -33,136 | -31,969 |
Generation facilities to be retired, net | 59 | 136 |
Net property, plant and equipment | 69,284 | 68,558 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 10,220 | 11,004 |
Other | 178 | 178 |
Total regulatory assets and deferred debits | 10,398 | 11,182 |
Total Assets | 114,590 | 113,856 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 1,819 | 2,444 |
Notes payable and commercial paper | 1,278 | 745 |
Non-recourse notes payable of variable interest entities | 325 | 312 |
Taxes accrued | 706 | 459 |
Interest accrued | 474 | 448 |
Current maturities of long-term debt | 2,307 | 3,110 |
Other | 2,330 | 2,511 |
Total current liabilities | 9,239 | 10,029 |
Long-term Debt | 36,137 | 35,499 |
Non-recourse long-term debt of variable interest entities | 1,265 | 852 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 11,489 | 10,490 |
Investment tax credits | 446 | 458 |
Accrued pension and other post-retirement benefit costs | 1,743 | 2,520 |
Asset retirement obligations | 5,341 | 5,169 |
Regulatory liabilities | 5,904 | 5,584 |
Other | 1,789 | 2,221 |
Total deferred credits and other liabilities | 26,712 | 26,442 |
Commitments and Contingencies | ' | ' |
Preferred Stock of Subsidiaries | 0 | 93 |
Equity [Abstract] | ' | ' |
Common stock | 1 | 1 |
Additional paid-in capital | 39,317 | 39,279 |
Retained earnings | 2,227 | 1,889 |
Accumulated other comprehensive (loss) income | -380 | -306 |
Total Common Shareholders' Equity | 41,165 | 40,863 |
Noncontrolling interests | 72 | 78 |
Total equity | 41,237 | 40,941 |
Total Liabilities and Equity | 114,590 | 113,856 |
Duke Energy Carolinas [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 25 | 19 |
Receivables (net of allowance for doubtful accounts) | 140 | 188 |
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 703 | 637 |
Receivables from affiliated companies | 40 | 3 |
Notes receivable from affiliated companies | 595 | 382 |
Inventory | 1,033 | 1,062 |
Other | 474 | 439 |
Total current assets | 3,010 | 2,730 |
Investments and Other Assets [Abstract] | ' | ' |
Nuclear decommissioning trust funds | 2,673 | 2,354 |
Other | 845 | 934 |
Total investments and other assets | 3,518 | 3,288 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 34,916 | 34,190 |
Accumulated depreciation and amortization | -11,731 | -11,437 |
Generation facilities to be retired, net | 0 | 73 |
Net property, plant and equipment | 23,185 | 22,826 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 1,794 | 1,727 |
Other | 45 | 71 |
Total regulatory assets and deferred debits | 1,839 | 1,798 |
Total Assets | 31,552 | 30,642 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 451 | 599 |
Accounts payable to affiliated companies | 235 | 128 |
Taxes accrued | 156 | 114 |
Interest accrued | 142 | 96 |
Current maturities of long-term debt | 447 | 406 |
Other | 461 | 490 |
Total current liabilities | 1,892 | 1,833 |
Long-term Debt | 7,692 | 7,735 |
Non-recourse long-term debt of variable interest entities | 300 | 300 |
Long-term debt payable to affiliated companies | 300 | 300 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 5,537 | 5,181 |
Investment tax credits | 211 | 215 |
Accrued pension and other post-retirement benefit costs | 211 | 221 |
Asset retirement obligations | 2,053 | 1,959 |
Regulatory liabilities | 2,484 | 2,102 |
Other | 732 | 924 |
Total deferred credits and other liabilities | 11,228 | 10,602 |
Commitments and Contingencies | ' | ' |
Equity [Abstract] | ' | ' |
Member's equity | 10,155 | 9,888 |
Accumulated other comprehensive (loss) income | -15 | -16 |
Total Member's Equity | 10,140 | 9,872 |
Total Liabilities and Member's Equity | 31,552 | 30,642 |
Progress Energy [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 66 | 231 |
Receivables (net of allowance for doubtful accounts) | 1,020 | 790 |
Receivables from affiliated companies | 3 | 15 |
Notes receivable from affiliated companies | 103 | 0 |
Inventory | 1,361 | 1,441 |
Other | 761 | 766 |
Total current assets | 3,314 | 3,243 |
Investments and Other Assets [Abstract] | ' | ' |
Nuclear decommissioning trust funds | 2,132 | 1,888 |
Goodwill | 3,655 | 3,655 |
Other | 531 | 530 |
Total investments and other assets | 6,318 | 6,073 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 35,922 | 35,130 |
Cost, variable interest entities | 16 | 16 |
Accumulated depreciation and amortization | -12,916 | -12,512 |
Generation facilities to be retired, net | 59 | 63 |
Net property, plant and equipment | 23,081 | 22,697 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 4,620 | 5,292 |
Other | 97 | 100 |
Total regulatory assets and deferred debits | 4,717 | 5,392 |
Total Assets | 37,430 | 37,405 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 770 | 1,066 |
Accounts payable to affiliated companies | 55 | 30 |
Notes payable to affiliated companies | 1,195 | 455 |
Taxes accrued | 246 | 83 |
Interest accrued | 192 | 192 |
Current maturities of long-term debt | 317 | 843 |
Other | 1,177 | 1,118 |
Total current liabilities | 3,952 | 3,787 |
Long-term Debt | 13,498 | 13,311 |
Long-term debt payable to affiliated companies | 0 | 274 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 2,962 | 2,558 |
Investment tax credits | 89 | 95 |
Accrued pension and other post-retirement benefit costs | 994 | 1,608 |
Asset retirement obligations | 2,486 | 2,413 |
Regulatory liabilities | 2,385 | 2,469 |
Other | 397 | 612 |
Total deferred credits and other liabilities | 9,313 | 9,755 |
Commitments and Contingencies | ' | ' |
Preferred Stock of Subsidiaries | 0 | 93 |
Equity [Abstract] | ' | ' |
Common stock | 0 | 0 |
Additional paid-in capital | 7,465 | 7,465 |
Retained earnings | 3,257 | 2,783 |
Accumulated other comprehensive (loss) income | -59 | -67 |
Total Common Shareholders' Equity | 10,663 | 10,181 |
Noncontrolling interests | 4 | 4 |
Total equity | 10,667 | 10,185 |
Total Liabilities and Equity | 37,430 | 37,405 |
Duke Energy Progress [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 32 | 18 |
Receivables (net of allowance for doubtful accounts) | 553 | 458 |
Receivables from affiliated companies | 1 | 5 |
Inventory | 795 | 828 |
Other | 407 | 313 |
Total current assets | 1,788 | 1,622 |
Investments and Other Assets [Abstract] | ' | ' |
Nuclear decommissioning trust funds | 1,425 | 1,259 |
Other | 297 | 251 |
Total investments and other assets | 1,722 | 1,510 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 21,876 | 21,168 |
Cost, variable interest entities | 16 | 16 |
Accumulated depreciation and amortization | -8,509 | -8,185 |
Generation facilities to be retired, net | 59 | 63 |
Net property, plant and equipment | 13,442 | 13,062 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 1,558 | 1,845 |
Other | 32 | 29 |
Total regulatory assets and deferred debits | 1,590 | 1,874 |
Total Assets | 18,542 | 18,068 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 399 | 542 |
Accounts payable to affiliated companies | 76 | 76 |
Notes payable to affiliated companies | 581 | 364 |
Taxes accrued | 86 | 23 |
Interest accrued | 74 | 69 |
Current maturities of long-term debt | 7 | 407 |
Other | 440 | 517 |
Total current liabilities | 1,663 | 1,998 |
Long-term Debt | 4,929 | 4,433 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 2,435 | 2,162 |
Investment tax credits | 87 | 92 |
Accrued pension and other post-retirement benefit costs | 325 | 715 |
Asset retirement obligations | 1,709 | 1,649 |
Regulatory liabilities | 1,743 | 1,538 |
Other | 164 | 295 |
Total deferred credits and other liabilities | 6,463 | 6,451 |
Commitments and Contingencies | ' | ' |
Preferred stock | 0 | 59 |
Equity [Abstract] | ' | ' |
Common stock | 2,159 | 2,159 |
Retained earnings | 3,328 | 2,968 |
Total equity | 5,487 | 5,127 |
Total Liabilities and Equity | 18,542 | 18,068 |
Duke Energy Florida [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 15 | 131 |
Receivables (net of allowance for doubtful accounts) | 458 | 318 |
Receivables from affiliated companies | 1 | 20 |
Notes receivable from affiliated companies | 30 | 207 |
Inventory | 567 | 613 |
Other | 325 | 351 |
Total current assets | 1,396 | 1,640 |
Investments and Other Assets [Abstract] | ' | ' |
Nuclear decommissioning trust funds | 707 | 629 |
Other | 176 | 182 |
Total investments and other assets | 883 | 811 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 13,702 | 13,432 |
Accumulated depreciation and amortization | -4,188 | -4,072 |
Net property, plant and equipment | 9,514 | 9,360 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 3,007 | 3,321 |
Other | 45 | 48 |
Total regulatory assets and deferred debits | 3,052 | 3,369 |
Total Assets | 14,845 | 15,180 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 336 | 412 |
Accounts payable to affiliated companies | 25 | 44 |
Taxes accrued | 200 | 48 |
Interest accrued | 65 | 55 |
Current maturities of long-term debt | 11 | 435 |
Other | 667 | 534 |
Total current liabilities | 1,304 | 1,528 |
Long-term Debt | 4,876 | 4,885 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 1,782 | 1,518 |
Accrued pension and other post-retirement benefit costs | 475 | 610 |
Asset retirement obligations | 777 | 764 |
Regulatory liabilities | 640 | 787 |
Other | 169 | 255 |
Total deferred credits and other liabilities | 3,843 | 3,934 |
Commitments and Contingencies | ' | ' |
Preferred stock | 0 | 34 |
Equity [Abstract] | ' | ' |
Common stock | 1,762 | 1,762 |
Retained earnings | 3,061 | 3,037 |
Accumulated other comprehensive (loss) income | -1 | 0 |
Total equity | 4,822 | 4,799 |
Total Liabilities and Equity | 14,845 | 15,180 |
Duke Energy Ohio [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 27 | 31 |
Receivables (net of allowance for doubtful accounts) | 114 | 108 |
Receivables from affiliated companies | 81 | 82 |
Notes receivable from affiliated companies | 46 | 1 |
Inventory | 198 | 227 |
Other | 292 | 267 |
Total current assets | 758 | 716 |
Investments and Other Assets [Abstract] | ' | ' |
Goodwill | 920 | 921 |
Intangibles, net | 120 | 129 |
Other | 98 | 75 |
Total investments and other assets | 1,138 | 1,125 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 11,050 | 10,824 |
Accumulated depreciation and amortization | -2,859 | -2,698 |
Net property, plant and equipment | 8,191 | 8,126 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 556 | 579 |
Other | 14 | 14 |
Total regulatory assets and deferred debits | 570 | 593 |
Total Assets | 10,657 | 10,560 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 248 | 318 |
Accounts payable to affiliated companies | 66 | 62 |
Notes payable to affiliated companies | 69 | 245 |
Taxes accrued | 136 | 159 |
Interest accrued | 28 | 14 |
Current maturities of long-term debt | 5 | 261 |
Other | 114 | 126 |
Total current liabilities | 666 | 1,185 |
Long-term Debt | 2,183 | 1,736 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 1,969 | 1,853 |
Investment tax credits | 6 | 6 |
Accrued pension and other post-retirement benefit costs | 144 | 157 |
Asset retirement obligations | 30 | 28 |
Regulatory liabilities | 257 | 254 |
Other | 139 | 175 |
Total deferred credits and other liabilities | 2,545 | 2,473 |
Commitments and Contingencies | ' | ' |
Equity [Abstract] | ' | ' |
Common stock | 762 | 762 |
Additional paid-in capital | 4,882 | 4,882 |
Retained earnings | -381 | -477 |
Accumulated other comprehensive (loss) income | 0 | -1 |
Total equity | 5,263 | 5,166 |
Total Liabilities and Equity | 10,657 | 10,560 |
Duke Energy Indiana [Member] | ' | ' |
Current Assets [Abstract] | ' | ' |
Cash and cash equivalents | 25 | 36 |
Receivables (net of allowance for doubtful accounts) | 11 | 33 |
Receivables from affiliated companies | 123 | 104 |
Notes receivable from affiliated companies | 69 | 0 |
Inventory | 413 | 380 |
Other | 216 | 138 |
Total current assets | 857 | 691 |
Investments and Other Assets [Abstract] | ' | ' |
Intangibles, net | 33 | 41 |
Other | 160 | 122 |
Total investments and other assets | 193 | 163 |
Property, Plant and Equipment [Abstract] | ' | ' |
Cost | 12,310 | 12,012 |
Accumulated depreciation and amortization | -3,839 | -3,692 |
Net property, plant and equipment | 8,471 | 8,320 |
Regulatory Assets and Deferred Debits [Abstract] | ' | ' |
Regulatory assets | 790 | 810 |
Other | 25 | 24 |
Total regulatory assets and deferred debits | 815 | 834 |
Total Assets | 10,336 | 10,008 |
Current Liabilities [Abstract] | ' | ' |
Accounts payable | 114 | 173 |
Accounts payable to affiliated companies | 53 | 60 |
Notes payable to affiliated companies | 0 | 81 |
Taxes accrued | 66 | 61 |
Interest accrued | 53 | 53 |
Current maturities of long-term debt | 4 | 405 |
Other | 101 | 165 |
Total current liabilities | 391 | 998 |
Long-term Debt | 3,644 | 3,147 |
Long-term debt payable to affiliated companies | 150 | 150 |
Deferred Credits and Other Liabilities [Abstract] | ' | ' |
Deferred income taxes | 1,126 | 853 |
Investment tax credits | 141 | 142 |
Accrued pension and other post-retirement benefit costs | 182 | 186 |
Asset retirement obligations | 37 | 37 |
Regulatory liabilities | 766 | 741 |
Other | 42 | 46 |
Total deferred credits and other liabilities | 2,294 | 2,005 |
Commitments and Contingencies | ' | ' |
Equity [Abstract] | ' | ' |
Common stock | 1 | 1 |
Additional paid-in capital | 1,384 | 1,384 |
Retained earnings | 2,469 | 2,318 |
Accumulated other comprehensive (loss) income | 3 | 5 |
Total equity | 3,857 | 3,708 |
Total Liabilities and Equity | $10,336 | $10,008 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Receivables, allowance for doubtful accounts | $31 | $34 |
Restricted receivables, allowance for doubtful accounts | 42 | 44 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common stock, shares outstanding | 706,000,000 | 704,000,000 |
Duke Energy Carolinas [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 3 | 3 |
Restricted receivables, allowance for doubtful accounts | 6 | 6 |
Progress Energy [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 14 | 16 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 100 | 100 |
Common stock, shares outstanding | 100 | 100 |
Duke Energy Progress [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 9 | 9 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares outstanding | 160,000,000 | 160,000,000 |
Duke Energy Florida [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 4 | 7 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 100 | 100 |
Duke Energy Ohio [Member] | ' | ' |
Receivables, allowance for doubtful accounts | 2 | 2 |
Common stock, par value | $8.50 | $8.50 |
Common stock, shares authorized | 120,000,000 | 120,000,000 |
Common stock, shares outstanding | 89,663,086 | 89,663,086 |
Duke Energy Indiana [Member] | ' | ' |
Receivables, allowance for doubtful accounts | $1 | $1 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 53,913,701 | 53,913,701 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | $1,984 | $1,345 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 2,365 | 1,865 |
Equity component of AFUDC | -121 | -209 |
Severance expense | 0 | 73 |
FERC mitigation costs | 0 | 117 |
Community support and charitable contributions expense | 34 | 100 |
(Gains) losses on sales of other assets | 8 | -21 |
Impairment of other long-lived assets | 388 | 588 |
Deferred income taxes | 1,014 | 437 |
Equity in earnings of unconsolidated affiliates | -91 | -118 |
Voluntary opportunity cost deferral | 0 | -101 |
Accrued pension and other post-retirement benefit costs | 259 | 152 |
Contributions to qualified pension plans | -27 | -79 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -14 | 68 |
Receivables | -154 | -83 |
Inventory | 119 | -22 |
Other current assets | -48 | 101 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -412 | -222 |
Taxes accrued | 245 | -7 |
Other current liabilities | -31 | 128 |
Other assets | -307 | -167 |
Other liabilities | -221 | 34 |
Net cash provided by (used in) operating activities | 4,990 | 3,979 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -3,854 | -3,845 |
Investment expenditures | -53 | -7 |
Acquisitions | 0 | -36 |
Cash acquired from acquisition | 0 | 71 |
Purchases of available-for-sale securities | -4,591 | -2,159 |
Proceeds from sales and maturities of available-for-sale securities | 4,687 | 1,947 |
Net proceeds from the sales of other assets, and sales of and collections on notes receivable | 59 | 29 |
Change in restricted cash | 166 | -27 |
Other | 20 | 38 |
Net cash (used in) provided by investing activities | -3,566 | -3,989 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 2,993 | 2,626 |
Proceeds from the issuance of common stock related to employee benefit plans | 8 | 16 |
Payments for the redemption of long-term debt | -2,506 | -1,934 |
Payments for the redemption of preferred stock | -96 | 0 |
Notes payable and commercial paper | 537 | 98 |
Distributions to noncontrolling interests | -9 | -14 |
Contributions from noncontrolling Interests | 0 | 76 |
Dividends paid | -1,636 | -1,211 |
Other | 27 | 4 |
Net cash provided by (used in) financing activities | -682 | -339 |
Net increase (decrease) in cash and cash equivalents | 742 | -349 |
Cash and cash equivalents at beginning of period | 1,424 | 2,110 |
Cash and cash equivalents at end of period | 2,166 | 1,761 |
Merger with Progress Energy [Abstract] | ' | ' |
Fair value of assets acquired | ' | 48,698 |
Liabilities assumed | ' | 30,627 |
Issuance of common stock | ' | 18,071 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 383 | 407 |
Extinguishment of debt related to investment in Attiki Gas Supply, S.A. | ' | 66 |
Duke Energy Carolinas [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 767 | 735 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 865 | 860 |
Equity component of AFUDC | -70 | -116 |
FERC mitigation costs | 0 | 46 |
Community support and charitable contributions expense | 14 | 59 |
(Gains) losses on sales of other assets | 0 | -9 |
Deferred income taxes | 487 | 400 |
Voluntary opportunity cost deferral | 0 | -101 |
Accrued pension and other post-retirement benefit costs | 29 | 32 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -7 | 0 |
Receivables | -24 | -28 |
Receivables from affiliated companies | -37 | 0 |
Inventory | 23 | -62 |
Other current assets | 35 | 42 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -90 | -152 |
Accounts payable to affiliated companies | 107 | -9 |
Taxes accrued | 18 | 16 |
Other current liabilities | 2 | 202 |
Other assets | -80 | -53 |
Other liabilities | -66 | -99 |
Net cash provided by (used in) operating activities | 1,973 | 1,763 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -1,205 | -1,453 |
Purchases of available-for-sale securities | -1,883 | -672 |
Proceeds from sales and maturities of available-for-sale securities | 1,847 | 644 |
Notes receivable from affiliated companies | -213 | 112 |
Other | -11 | -6 |
Net cash (used in) provided by investing activities | -1,465 | -1,375 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 0 | 645 |
Payments for the redemption of long-term debt | 0 | -752 |
Dividends to parent | -500 | -250 |
Other | -2 | -6 |
Net cash provided by (used in) financing activities | -502 | -363 |
Net increase (decrease) in cash and cash equivalents | 6 | 25 |
Cash and cash equivalents at beginning of period | 19 | 289 |
Cash and cash equivalents at end of period | 25 | 314 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 111 | 126 |
Progress Energy [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 479 | 373 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 764 | 678 |
Equity component of AFUDC | -39 | -77 |
Severance expense | 0 | 39 |
FERC mitigation costs | 0 | 71 |
Community support and charitable contributions expense | 20 | 40 |
(Gains) losses on sales of other assets | 3 | -21 |
Impairment of other long-lived assets | 368 | 0 |
Deferred income taxes | 384 | 257 |
Amounts to be refunded to customers | 0 | 100 |
Accrued pension and other post-retirement benefit costs | 158 | 137 |
Contributions to qualified pension plans | -27 | -122 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 33 | -12 |
Receivables | -219 | -97 |
Receivables from affiliated companies | 12 | -24 |
Inventory | 79 | 60 |
Other current assets | -102 | -6 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -227 | 6 |
Accounts payable to affiliated companies | 25 | 29 |
Taxes accrued | 161 | 175 |
Other current liabilities | 113 | -15 |
Other assets | -223 | 0 |
Other liabilities | -64 | -141 |
Net cash provided by (used in) operating activities | 1,698 | 1,450 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -1,739 | -1,695 |
Purchases of available-for-sale securities | -1,651 | -947 |
Proceeds from sales and maturities of available-for-sale securities | 1,630 | 921 |
Change in restricted cash | 0 | 24 |
Notes receivable from affiliated companies | -103 | 0 |
Other | 12 | 88 |
Net cash (used in) provided by investing activities | -1,851 | -1,609 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 545 | 1,432 |
Proceeds from the issuance of common stock related to employee benefit plans | 0 | 6 |
Payments for the redemption of long-term debt | -1,194 | -961 |
Payments for the redemption of preferred stock | -96 | 0 |
Payments of short-term debt with original maturities greater than 90 days | 0 | -65 |
Proceeds from issuance of short-term debt with original maturities greater than 90 days | 0 | 65 |
Notes payable and commercial paper | 0 | -671 |
Notes payable to affiliated companies | 740 | 635 |
Distributions to noncontrolling interests | -2 | -6 |
Dividends paid | 0 | -445 |
Other | -5 | -4 |
Net cash provided by (used in) financing activities | -12 | -14 |
Net increase (decrease) in cash and cash equivalents | -165 | -173 |
Cash and cash equivalents at beginning of period | 231 | 230 |
Cash and cash equivalents at end of period | 66 | 57 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 199 | 250 |
Asset retirement obligation additions and estimate revisions | 0 | 813 |
Capital expenditures financed through capital leases | 0 | 137 |
Duke Energy Progress [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 362 | 180 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 507 | 499 |
Equity component of AFUDC | -33 | -50 |
Severance expense | 0 | 16 |
FERC mitigation costs | 0 | 71 |
Community support and charitable contributions expense | 20 | 40 |
(Gains) losses on sales of other assets | -1 | -2 |
Impairment of other long-lived assets | 22 | 0 |
Deferred income taxes | 272 | 127 |
Accrued pension and other post-retirement benefit costs | 74 | 58 |
Contributions to qualified pension plans | 0 | -60 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -11 | -33 |
Receivables | -75 | -35 |
Receivables from affiliated companies | 4 | -10 |
Inventory | 32 | 23 |
Other current assets | -41 | -6 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -168 | -20 |
Accounts payable to affiliated companies | 0 | 23 |
Taxes accrued | 63 | 62 |
Other current liabilities | -75 | 16 |
Other assets | -87 | -19 |
Other liabilities | -77 | -27 |
Net cash provided by (used in) operating activities | 788 | 853 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -998 | -1,098 |
Purchases of available-for-sale securities | -460 | -385 |
Proceeds from sales and maturities of available-for-sale securities | 438 | 359 |
Other | 3 | 75 |
Net cash (used in) provided by investing activities | -1,017 | -1,049 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 545 | 988 |
Payments for the redemption of long-term debt | -451 | -502 |
Payments for the redemption of preferred stock | -62 | 0 |
Notes payable and commercial paper | 0 | -188 |
Notes payable to affiliated companies | 217 | 212 |
Dividends to parent | 0 | -310 |
Dividends paid on preferred stock | 0 | -2 |
Other | -6 | -3 |
Net cash provided by (used in) financing activities | 243 | 195 |
Net increase (decrease) in cash and cash equivalents | 14 | -1 |
Cash and cash equivalents at beginning of period | 18 | 20 |
Cash and cash equivalents at end of period | 32 | 19 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 122 | 144 |
Asset retirement obligation additions and estimate revisions | 0 | 684 |
Capital expenditures financed through capital leases | 0 | 137 |
Duke Energy Florida [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 250 | 311 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 240 | 161 |
Equity component of AFUDC | -6 | -27 |
Severance expense | 0 | 7 |
(Gains) losses on sales of other assets | -1 | -2 |
Impairment of other long-lived assets | 346 | 0 |
Deferred income taxes | 229 | 192 |
Amounts to be refunded to customers | 0 | 100 |
Accrued pension and other post-retirement benefit costs | 66 | 52 |
Contributions to qualified pension plans | -27 | -61 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 37 | 64 |
Receivables | -127 | -76 |
Receivables from affiliated companies | 19 | -12 |
Inventory | 46 | 36 |
Other current assets | -132 | -47 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | 30 | 68 |
Accounts payable to affiliated companies | -19 | 11 |
Taxes accrued | 152 | 110 |
Other current liabilities | 203 | -15 |
Other assets | -128 | 21 |
Other liabilities | -44 | -123 |
Net cash provided by (used in) operating activities | 1,134 | 770 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -734 | -573 |
Purchases of available-for-sale securities | -1,191 | -562 |
Proceeds from sales and maturities of available-for-sale securities | 1,192 | 561 |
Notes receivable from affiliated companies | 177 | 0 |
Other | 0 | 11 |
Net cash (used in) provided by investing activities | -556 | -563 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Payments for the redemption of long-term debt | -435 | -9 |
Payments for the redemption of preferred stock | -34 | 0 |
Payments of short-term debt with original maturities greater than 90 days | 0 | -65 |
Proceeds from issuance of short-term debt with original maturities greater than 90 days | 0 | 65 |
Notes payable and commercial paper | 0 | -233 |
Notes payable to affiliated companies | 0 | 213 |
Dividends to parent | -225 | -170 |
Dividends paid on preferred stock | 0 | -1 |
Other | 0 | -3 |
Net cash provided by (used in) financing activities | -694 | -203 |
Net increase (decrease) in cash and cash equivalents | -116 | 4 |
Cash and cash equivalents at beginning of period | 131 | 16 |
Cash and cash equivalents at end of period | 15 | 20 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 76 | 102 |
Asset retirement obligation additions and estimate revisions | 0 | 129 |
Duke Energy Ohio [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 96 | 133 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 268 | 252 |
(Gains) losses on sales of other assets | -5 | -2 |
Deferred income taxes | 76 | 78 |
Accrued pension and other post-retirement benefit costs | 12 | 8 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 0 | 18 |
Receivables | -6 | 40 |
Receivables from affiliated companies | 1 | 51 |
Inventory | 29 | 21 |
Other current assets | -8 | 17 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -56 | -56 |
Accounts payable to affiliated companies | 4 | -16 |
Taxes accrued | -29 | -49 |
Other current liabilities | 10 | -16 |
Other assets | 3 | -39 |
Other liabilities | -63 | -73 |
Net cash provided by (used in) operating activities | 332 | 367 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -318 | -386 |
Net proceeds from the sales of other assets, and sales of and collections on notes receivable | 11 | 82 |
Change in restricted cash | 0 | -46 |
Notes receivable from affiliated companies | -45 | 317 |
Other | 1 | 1 |
Net cash (used in) provided by investing activities | -351 | -32 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 450 | 0 |
Payments for the redemption of long-term debt | -257 | -507 |
Notes payable to affiliated companies | -176 | 86 |
Other | -2 | 0 |
Net cash provided by (used in) financing activities | 15 | -421 |
Net increase (decrease) in cash and cash equivalents | -4 | -86 |
Cash and cash equivalents at beginning of period | 31 | 99 |
Cash and cash equivalents at end of period | 27 | 13 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 20 | 26 |
Transfer of Vermillion Generating Station | ' | 28 |
Duke Energy Indiana [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net income | 276 | -109 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 230 | 296 |
Equity component of AFUDC | -11 | -61 |
Impairment of other long-lived assets | 0 | 580 |
Deferred income taxes | 190 | -97 |
Accrued pension and other post-retirement benefit costs | 19 | 12 |
(Increase) decrease in [Abstract] | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -31 | 0 |
Receivables | 15 | 16 |
Receivables from affiliated companies | -19 | 23 |
Inventory | -33 | -26 |
Other current assets | 27 | 5 |
Increase (decrease) in [Abstract] | ' | ' |
Accounts payable | -22 | 20 |
Accounts payable to affiliated companies | -7 | -20 |
Taxes accrued | 16 | -35 |
Other current liabilities | -9 | -7 |
Other assets | 2 | 15 |
Other liabilities | -78 | -28 |
Net cash provided by (used in) operating activities | 565 | 584 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Capital expenditures | -387 | -582 |
Purchases of available-for-sale securities | -7 | -12 |
Proceeds from sales and maturities of available-for-sale securities | 6 | 14 |
Notes receivable from affiliated companies | -69 | 0 |
Other | -4 | -1 |
Net cash (used in) provided by investing activities | -461 | -581 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Proceeds from the issuance of long-term debt | 498 | 250 |
Payments for the redemption of long-term debt | -403 | -4 |
Notes payable to affiliated companies | -81 | -245 |
Dividends to parent | -125 | 0 |
Other | -4 | -2 |
Net cash provided by (used in) financing activities | -115 | -1 |
Net increase (decrease) in cash and cash equivalents | -11 | 2 |
Cash and cash equivalents at beginning of period | 36 | 16 |
Cash and cash equivalents at end of period | 25 | 18 |
Significant Non-cash Transactions [Abstract] | ' | ' |
Accrued capital expenditures | 36 | 37 |
Transfer of Vermillion Generating Station | $0 | $26 |
Condensed_Consolidated_Stateme5
Condensed Consolidated Statements of Equity (Unaudited) (USD $) | Total | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Foreign Currency Adjustments [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Net Gains (Losses) on Available for Sale Securities [Member] | Pension And OPEB Related Adjustments To AOCI [Member] | Common Stockholders' Equity [Member] | Noncontrolling Interest [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||
In Millions, except Share data, unless otherwise specified | Members Equity [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Net Gains (Losses) on Available for Sale Securities [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Pension And OPEB Related Adjustments To AOCI [Member] | Common Stockholders' Equity [Member] | Noncontrolling Interest [Member] | Common Stock [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Common Stock [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | Pension And OPEB Related Adjustments To AOCI [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Pension And OPEB Related Adjustments To AOCI [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Net Gains (Losses) on Cash Flow Hedges [Member] | ||||||||||||||||||
Balance at Dec. 31, 2011 | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($2) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,167 | $762 | ' | ' | ' | $3,734 | $1 | ' | ' | ' | ||
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | ' | ' | ' | ' | 26 | ' | ' | ' | ' | ||
Ending Member's Equity at Jan. 12, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Dec. 31, 2011 | 22,865 | 1 | 21,132 | 1,873 | -45 | -71 | -9 | -109 | 22,772 | 93 | 9,454 | 9,473 | -17 | -2 | 10,025 | 7,418 | 16 | 2,752 | -142 | -23 | 10,021 | 4 | 5,088 | 2,148 | 3,011 | -71 | 4,675 | 1,757 | 2,945 | -27 | ' | 5,167 | 762 | 5,085 | -652 | -28 | 3,734 | 1 | 1,358 | 2,368 | 7 | ||
Balance (in shares) at Dec. 31, 2011 | 445,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income | 1,345 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 735 | 735 | ' | ' | 373 | ' | ' | ' | ' | ' | ' | ' | 180 | ' | 180 | ' | 311 | ' | 311 | ' | ' | 133 | ' | ' | 133 | ' | -109 | ' | ' | -109 | ' | ||
Net income | 1,344 | [1] | ' | ' | 1,333 | ' | ' | ' | ' | 1,333 | 11 | ' | ' | ' | ' | 370 | ' | ' | 368 | ' | ' | 368 | [2] | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -110 | ' | ' | ' | -81 | -19 | 9 | -15 | -106 | -4 | 2 | ' | 2 | ' | 99 | ' | ' | ' | 99 | 0 | 99 | ' | 71 | ' | ' | 71 | 26 | ' | ' | 26 | ' | 1 | ' | ' | ' | 1 | -1 | ' | ' | ' | -1 | ||
Common stock issuances, including dividend reinvestment and employee benefits (in shares) | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock issuances, including dividend reinvestment and employee benefits | 46 | ' | 46 | ' | ' | ' | ' | ' | 46 | ' | ' | ' | ' | ' | 31 | 18 | 13 | ' | ' | ' | 31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock issued in connection with the Progress Energy Merger (in shares) | 258,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock issued in connection with the Progress Energy Merger | 18,071 | ' | 18,071 | ' | ' | ' | ' | ' | 18,071 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Stock-based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 11 | ' | ' | 5 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock dividends | -1,211 | ' | ' | -1,211 | ' | ' | ' | ' | -1,211 | ' | ' | ' | ' | ' | -369 | ' | ' | -369 | ' | ' | -369 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Dividends paid to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -250 | -250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -310 | ' | -310 | ' | -170 | ' | -170 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Preferred stock dividends at stated rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | -2 | ' | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Changes in noncontrolling interest in subsidiaries | -4 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | -4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | ' | -28 | ' | ' | 26 | ' | 26 | ' | ' | ||
Deconsolidation of DS Cornerstone, LLC | -82 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | -82 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Contribution from noncontrolling interest in DS Cornerstone, LLC | 76 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | 76 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Distributions to noncontrolling interests | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Recapitalization for merger with Duke Energy | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -7,436 | 7,436 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Tax dividend | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Notes To Reconciliation Of Total Equity [Details] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income attributable to preferred shareholders | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Sep. 30, 2012 | 40,995 | 1 | 39,249 | 1,995 | -126 | -90 | ' | -124 | 40,905 | 90 | 9,941 | 9,958 | -15 | -2 | 10,153 | 0 | 7,465 | 2,751 | -43 | -23 | 10,150 | 3 | 5,038 | 2,159 | 2,879 | 0 | 4,845 | 1,762 | 3,084 | -1 | ' | 5,273 | 762 | 5,057 | -519 | -27 | 3,650 | 1 | 1,384 | 2,259 | 6 | ||
Balance (in shares) at Sep. 30, 2012 | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Beginning Member's Equity at Jun. 30, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income | 598 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 258 | ' | ' | ' | 157 | ' | ' | ' | ' | ' | ' | ' | 96 | ' | ' | ' | 100 | ' | ' | ' | ' | 14 | ' | ' | ' | ' | -19 | ' | ' | ' | ' | ||
Other comprehensive income (loss), net of tax | -20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 98 | ' | ' | ' | ' | ' | ' | ' | 72 | ' | ' | ' | 26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Sep. 30, 2012 | 40,995 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | 9,941 | ' | ' | -2 | 10,153 | ' | ' | ' | ' | ' | ' | ' | 5,038 | ' | ' | ' | 4,845 | ' | ' | ' | ' | 5,273 | 762 | ' | ' | ' | 3,650 | 1 | ' | ' | ' | ||
Balance (in shares) at Sep. 30, 2012 | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Dec. 31, 2012 | 40,941 | 1 | 39,279 | 1,889 | -116 | -100 | ' | -90 | 40,863 | 78 | ' | 9,888 | -15 | -1 | 10,185 | ' | 7,465 | 2,783 | -42 | -25 | 10,181 | 4 | 5,127 | 2,159 | 2,968 | ' | 4,799 | 1,762 | 3,037 | ' | 0 | 5,166 | 762 | 4,882 | -477 | -1 | 3,708 | 1 | 1,384 | 2,318 | 5 | ||
Balance (in shares) at Dec. 31, 2012 | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' | ||
Beginning Member's Equity at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,872 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income | 1,984 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 767 | 767 | ' | ' | 479 | ' | ' | ' | ' | ' | ' | ' | 362 | ' | 362 | ' | 250 | ' | 250 | ' | ' | 96 | ' | ' | 96 | ' | 276 | ' | ' | 276 | ' | ||
Net income | ' | ' | ' | 1,977 | ' | ' | ' | ' | 1,977 | 7 | ' | ' | ' | ' | 479 | ' | ' | 477 | ' | ' | 477 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Other comprehensive income (loss), net of tax | -78 | ' | ' | ' | -133 | 56 | -2 | 5 | -74 | -4 | 1 | ' | 1 | ' | 8 | ' | ' | ' | 3 | 5 | 8 | ' | 0 | ' | ' | ' | -1 | ' | ' | ' | -1 | 1 | ' | ' | ' | 1 | -2 | ' | ' | ' | -2 | ||
Common stock issuances, including dividend reinvestment and employee benefits (in shares) | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock issuances, including dividend reinvestment and employee benefits | 38 | ' | 38 | ' | ' | ' | ' | ' | 38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Common stock dividends | -1,636 | ' | ' | -1,636 | ' | ' | ' | ' | -1,636 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Dividends paid to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -500 | -500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -225 | ' | -225 | ' | ' | ' | ' | ' | ' | ' | -125 | ' | ' | -125 | ' | ||
Premium on the redemption of preferred stock of subsidiaries | -3 | ' | ' | -3 | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | -3 | ' | ' | -3 | ' | ' | -3 | ' | -2 | ' | -2 | ' | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ||
Distributions to noncontrolling interests | -9 | [4] | ' | ' | ' | ' | ' | ' | ' | ' | -9 | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Notes To Reconciliation Of Total Equity [Details] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income attributable to preferred shareholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Sep. 30, 2013 | 41,237 | 1 | 39,317 | 2,227 | -249 | -44 | -2 | -85 | 41,165 | 72 | ' | ' | -14 | -1 | 10,667 | ' | 7,465 | 3,257 | -39 | -20 | 10,663 | 4 | 5,487 | 2,159 | 3,328 | ' | 4,822 | 1,762 | 3,061 | ' | -1 | 5,263 | 762 | 4,882 | -381 | 0 | 3,857 | 1 | 1,384 | 2,469 | 3 | ||
Balance (in shares) at Sep. 30, 2013 | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' | ||
Ending Member's Equity at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,140 | 10,155 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Beginning Member's Equity at Jun. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income | 1,008 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 342 | ' | ' | ' | 342 | ' | ' | ' | ' | ' | ' | ' | 175 | ' | ' | ' | 197 | ' | ' | ' | ' | 59 | ' | ' | ' | ' | 104 | ' | ' | ' | ' | ||
Other comprehensive income (loss), net of tax | -4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Balance at Sep. 30, 2013 | 41,237 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | 10,667 | ' | 7,465 | ' | ' | ' | ' | ' | 5,487 | 2,159 | ' | ' | 4,822 | 1,762 | ' | ' | ' | 5,263 | 762 | 4,882 | ' | ' | 3,857 | 1 | 1,384 | ' | ' | ||
Balance (in shares) at Sep. 30, 2013 | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 53,913,701 | ' | ' | ' | ' | ||
Ending Member's Equity at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,140 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
[1] | For the nine months ended September 30, 2012 consolidated net income of $1,345 million includes $1 million attributable to preferred shareholders of subsidiaries. Income attributable to preferred shareholders of subsidiaries is not a component of total equity and is excluded from the table above. | ||||||||||||||||||||||||||||||||||||||||||
[2] | For the nine months ended September 30, 2012, consolidated net income of $373 million includes $3 million attributable to preferred shareholders of subsidiaries. Income attributable to preferred shareholders of subsidiaries is not a component of total equity and is excluded from the table above. | ||||||||||||||||||||||||||||||||||||||||||
[3] | Refer to Note 2 for further information related to DS Cornerstone, LLC. | ||||||||||||||||||||||||||||||||||||||||||
[4] | Includes payments to noncontrolling interests of $14 million for the nine months ended September 30, 2012. |
Organization_and_Basis_of_Pres
Organization and Basis of Presentation | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Organization And Basis of Presentation [Abstract] | ' | |||||||||||||||||||
Organization and Basis of Presentation | ' | |||||||||||||||||||
Index to Combined Notes To Condensed Consolidated Financial Statements | ||||||||||||||||||||
The unaudited notes to the condensed consolidated financial statements that follow are a combined presentation. The following list indicates the registrants to which the footnotes apply. | ||||||||||||||||||||
Applicable Notes | ||||||||||||||||||||
Registrant | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
Duke Energy Corporation | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||
Duke Energy Carolinas, LLC | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | |||||
Progress Energy, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | |||
Duke Energy Progress, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||||
Duke Energy Florida, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||||
Duke Energy Ohio, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||
Duke Energy Indiana, Inc. | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | • | ||||
1. ORGANIZATION AND BASIS OF PRESENTATION | ||||||||||||||||||||
NATURE OF OPERATIONS AND BASIS OF CONSOLIDATION | ||||||||||||||||||||
Duke Energy Corporation (collectively with its subsidiaries, Duke Energy), is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the Federal Energy Regulatory Commission (FERC). Duke Energy operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. Duke Energy's subsidiaries include its subsidiary registrants, Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, Inc. (Duke Energy Progress); Duke Energy Florida, Inc. (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy Indiana, Inc. (Duke Energy Indiana). When discussing Duke Energy's consolidated financial information, it necessarily includes the results of its six separate subsidiary registrants (collectively referred to as the Subsidiary Registrants), which, along with Duke Energy, are collectively referred to as the Duke Energy Registrants. | ||||||||||||||||||||
As discussed in the combined Annual Report on Form 10-K for the year ended December 31, 2012, Duke Energy merged with Progress Energy on July 2, 2012. Accordingly, Duke Energy's consolidated financial statements include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012. See Note 2 for additional information regarding the merger. | ||||||||||||||||||||
The information in these combined notes relates to each of the Duke Energy Registrants as noted in the Index to Combined Notes. However, none of the registrants makes any representation as to information related solely to Duke Energy or the subsidiaries of Duke Energy other than itself. As discussed further in Note 3, Duke Energy operates three reportable business segments: U.S. Franchised Electric and Gas (USFE&G), Commercial Power and International Energy. The remainder of Duke Energy's operations is presented as Other. | ||||||||||||||||||||
These Condensed Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and all majority-owned subsidiaries where the respective Duke Energy Registrants have control and those variable interest entities (VIEs) where the respective Duke Energy Registrants are the primary beneficiary. These Condensed Consolidated Financial Statements also reflect the Duke Energy Registrants' proportionate share of certain generation and transmission facilities. | ||||||||||||||||||||
Duke Energy Carolinas, a wholly owned subsidiary of Duke Energy, is a regulated public utility that generates, transmits, distributes and sells electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), the Public Service Commission of South Carolina (PSCSC), the U.S. Nuclear Regulatory Commission (NRC), and the FERC. Substantially all of Duke Energy Carolinas' operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Carolinas' operations include one reportable business segment, Franchised Electric. | ||||||||||||||||||||
Progress Energy, a wholly owned subsidiary of Duke Energy, is a holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. As discussed further in Note 3, Progress Energy's operations include one reportable segment, Franchised Electric. | ||||||||||||||||||||
Duke Energy Progress, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, the PSCSC, the NRC, and the FERC. Substantially all of Duke Energy Progress' operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Progress' operations include one reportable segment, Franchised Electric. | ||||||||||||||||||||
Duke Energy Florida, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory provisions of the Florida Public Service Commission (FPSC), the NRC, and the FERC. Substantially all of Duke Energy Florida's operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Florida's operations include one reportable segment, Franchised Electric. | ||||||||||||||||||||
Duke Energy Ohio, an indirect wholly owned subsidiary of Duke Energy, is a combination electric and gas public utility that provides service in portions of Ohio and Kentucky. Operations in Kentucky are conducted through its wholly owned subsidiary, Duke Energy Kentucky, Inc. (Duke Energy Kentucky). Duke Energy Ohio also generates electricity in portions of Ohio, Illinois and Pennsylvania. Duke Energy Ohio's principal lines of business include generation, transmission and distribution of electricity, the sale of and/or transportation of natural gas, and energy marketing. Duke Energy Ohio conducts competitive auctions for retail electricity supply in Ohio whereby the energy price is recovered from retail customers. Duke Energy Kentucky's principal lines of business include generation, transmission and distribution of electricity, as well as the sale of and/or transportation of natural gas. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. Duke Energy Ohio is subject to the regulatory provisions of the Public Utilities Commission of Ohio (PUCO), the Kentucky Public Service Commission (KPSC), and the FERC. Duke Energy Ohio applies regulatory accounting treatment to substantially all of the operations in its Franchised Electric and Gas operating segment. See Note 3 for further information about Duke Energy Ohio's business segments. | ||||||||||||||||||||
Duke Energy Indiana, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and the FERC. Substantially all of Duke Energy Indiana's operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Indiana's operations include one reportable business segment, Franchised Electric. | ||||||||||||||||||||
BASIS OF PRESENTATION | ||||||||||||||||||||
These Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all information and notes required by GAAP in the U.S. for annual financial statements. Because the interim Condensed Consolidated Financial Statements and Notes do not include all information and notes required by GAAP in the U.S. for annual financial statements, the Condensed Consolidated Financial Statements and other information included in this quarterly report should be read in conjunction with the Consolidated Financial Statements and Notes in the Duke Energy Registrants' combined Annual Report on Form 10-K for the year ended December 31, 2012. | ||||||||||||||||||||
These Condensed Consolidated Financial Statements reflect all normal recurring adjustments in the opinion of the respective companies' management, necessary to fairly present the financial position and results of operations of each of the Duke Energy Registrants. Amounts reported in Duke Energy's interim Condensed Consolidated Statements of Operations and each of the Subsidiary Registrants' interim Condensed Consolidated Statements of Income and Comprehensive Income are not necessarily indicative of amounts expected for the respective annual periods due to effects of seasonal temperature variations on energy consumption, regulatory rulings, timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, and other factors. | ||||||||||||||||||||
In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | ||||||||||||||||||||
UNBILLED REVENUE | ||||||||||||||||||||
Revenues on sales of electricity and gas are recognized when either the service is provided or the product is delivered. Unbilled revenues are estimated by applying an average rate for retail customers or a contract rate for wholesale customers by the estimated volume of energy delivered but not billed. The amount of unbilled revenues can vary significantly from period to period as a result of numerous factors, including seasonality, weather, customer usage patterns and customer mix. | ||||||||||||||||||||
The Duke Energy Registrants had unbilled revenues within Receivables and within Restricted receivables of variable interest entities on their respective Condensed Consolidated Balance Sheets as shown in the table below. | ||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Duke Energy | $ | 856 | $ | 920 | ||||||||||||||||
Duke Energy Carolinas | 288 | 315 | ||||||||||||||||||
Progress Energy | 220 | 187 | ||||||||||||||||||
Duke Energy Progress | 120 | 112 | ||||||||||||||||||
Duke Energy Florida | 100 | 74 | ||||||||||||||||||
Duke Energy Ohio | 33 | 47 | ||||||||||||||||||
Duke Energy Indiana | 3 | 3 | ||||||||||||||||||
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail and wholesale accounts receivable to Cinergy Receivables Company, LLC (CRC). These transfers meet sales/derecognition criteria and, therefore, Duke Energy Ohio and Duke Energy Indiana account for the transfers of receivables to CRC as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 11 for further information. Receivables for unbilled revenues related to retail and wholesale accounts receivable at Duke Energy Ohio and Duke Energy Indiana included in the sales of accounts receivable to CRC were as shown in the table below. | ||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Duke Energy Ohio | $ | 65 | $ | 90 | ||||||||||||||||
Duke Energy Indiana | 126 | 132 | ||||||||||||||||||
AMOUNTS ATTRIBUTABLE TO CONTROLLING INTERESTS | ||||||||||||||||||||
Income From Discontinued Operations, net of tax presented on the respective Condensed Consolidated Statements of Operations for Duke Energy and Progress Energy is attributable only to controlling interests for all periods presented. Other comprehensive income reported on the respective Condensed Consolidated Statements of Equity for Duke Energy and Progress Energy is attributable only to controlling interests for all periods presented. | ||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | ||||||||||||||||||||
For the three and nine months ended September 30, 2013, reclassifications out of accumulated other comprehensive income (AOCI) for the Duke Energy Registrants were not material. For the three and nine months ended September 30, 2012, Progress Energy, Duke Energy Progress and Duke Energy Florida reclassified pretax losses on open derivative contracts from AOCI to Regulatory Assets as disclosed in Note 8. Reclassifications out of AOCI for other Duke Energy Registrants were not material for the three and nine months ended September 30, 2012. Changes in AOCI for the Duke Energy Registrants are presented in their respective Condensed Consolidated Statements of Equity. |
Acquisitions_and_Sales_of_Othe
Acquisitions and Sales of Other Assets | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Acquisitions And Sales Of Other Assets [Abstract] | ' | |||||||
Acquisitions And Sales Of Other Assets | ' | |||||||
2. ACQUISITIONS AND DISPOSITIONS | ||||||||
ACQUISITIONS | ||||||||
The Duke Energy Registrants consolidate assets and liabilities from acquisitions as of the purchase date, and include earnings from acquisitions in consolidated earnings beginning on the purchase date. | ||||||||
Merger with Progress Energy | ||||||||
On July 2, 2012, Duke Energy completed its merger with Progress Energy, a North Carolina corporation engaged in the regulated utility business of generation, transmission and distribution and sale of electricity in portions of North Carolina, South Carolina and Florida. As a result of the merger, Progress Energy became a wholly owned subsidiary of Duke Energy. | ||||||||
Purchase Price | ||||||||
All Progress Energy common shares were exchanged at the fixed exchange ratio of 0.87083 common shares of Duke Energy. The total consideration transferred of $18,071 million, including $62 million fair value of stock-based compensation awards, was based on the closing price of Duke Energy common shares on July 2, 2012. The significant assets and liabilities recorded at fair values as of the acquisition date include the acquired long-term debt, asset retirement obligations, capital leases and pension and other post-retirement benefit (OPEB) plans. | ||||||||
The fair value of assets acquired and liabilities assumed was determined based on significant estimates and assumptions, including Level 3 inputs, which are judgmental in nature. The estimates and assumptions include the projected timing and amount of future cash flows, discount rates reflecting risk inherent in the future cash flows, and future market prices. | ||||||||
Additionally the February 5, 2013 announcement of the decision to retire Crystal River Nuclear Station - Unit 3 (Crystal River Unit 3), reflects additional information related to facts and circumstances existing as of the acquisition date. See Note 4 for additional information related to Crystal River Unit 3. As such, Duke Energy presents the assets acquired and liabilities assumed as if the retirement of Crystal River Unit 3 occurred on the acquisition date. | ||||||||
The majority of Progress Energy's operations are subject to the rate-setting authority of the FERC, NCUC, PSCSC, and FPSC and are accounted for pursuant to U.S. GAAP, including the accounting guidance for regulated operations. The rate-setting and cost recovery provisions currently in place for Progress Energy's regulated operations provide revenues derived from costs, including a return on investment of assets and liabilities included in rate base. Except for long-term debt, asset retirement obligations, capital leases, pension and OPEB plans, and the wholesale portion of Duke Energy Florida's Crystal River Unit 3, the fair values of tangible and intangible assets and liabilities subject to these rate-setting provisions approximate their carrying values. Accordingly, the assets and liabilities acquired and pro forma financial information do not reflect any net adjustments related to these amounts. The difference between fair value and the pre-merger carrying amounts for long-term debt, asset retirement obligations, capital leases and pension and OPEB plans for the regulated operations were recorded as Regulatory assets. | ||||||||
The excess of the purchase price over the estimated fair values of assets acquired and liabilities assumed was recognized as goodwill at the acquisition date. The goodwill reflects the value paid primarily for the long-term potential for enhanced access to capital as a result of the company's increased scale and diversity, opportunities for synergies, and an improved risk profile. The goodwill resulting from the merger was allocated entirely to the USFE&G segment. None of the goodwill recognized is deductible for income tax purposes, and as such, no deferred taxes have been recorded related to goodwill. | ||||||||
The completed purchase price allocation of the merger is presented in the following table. | ||||||||
(in millions) | ||||||||
Current assets | $ | 3,204 | ||||||
Property, plant and equipment | 23,141 | |||||||
Goodwill | 12,469 | |||||||
Other long-term assets, excluding goodwill | 9,990 | |||||||
Total assets | 48,804 | |||||||
Current liabilities, including current maturities of long-term debt | 3,593 | |||||||
Long-term liabilities, preferred stock and noncontrolling interests | 10,394 | |||||||
Long-term debt | 16,746 | |||||||
Total liabilities and preferred stock | 30,733 | |||||||
Total purchase price | $ | 18,071 | ||||||
The purchase price allocation in the table above reflects refinements made to the preliminary fair values of assets acquired and liabilities assumed included in Duke Energy's Annual Report on Form 10-K for the year ended December 31, 2012. These refinements include adjustments associated with the retirement of Crystal River Unit 3. The changes resulted in an increase to Goodwill of $2 million, an increase to the fair value of Current liabilities, including Current maturities of long-term debt of $12 million, a decrease to Property, plant and equipment of $138 million, a decrease to Other long-term assets, excluding goodwill of $4 million and a decrease to Long-term liabilities, preferred stock and noncontrolling interests of $152 million. These refinements had no impact on the amortization of the purchase accounting adjustments recorded to earnings during 2012 or for the three and nine months ended September 30, 2013. | ||||||||
Pro Forma Financial Information | ||||||||
The following unaudited pro forma financial information reflects the consolidated results of operations of Duke Energy for the three and nine months ended September 30, 2012. This information reflects the amortization of purchase price adjustments assuming the merger had taken place on January 1, 2011. The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of Duke Energy. | ||||||||
Non-recurring merger consummation, integration and other costs incurred by Duke Energy and Progress Energy during the three and nine months ended September 30, 2012 have been excluded from the pro forma earnings presented below. After-tax non-recurring merger consummation, integration and other costs incurred by both Duke Energy and Progress Energy were $293 million and $322 million for the three and nine months ended September 30, 2012. The pro forma financial information also excludes potential future cost savings or non-recurring charges related to the merger. | ||||||||
(in millions, except per share amounts) | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||
Revenues | $ | 6,727 | $ | 18,309 | ||||
Net Income Attributable to Duke Energy Corporation | 889 | 1,888 | ||||||
Basic and Diluted Earnings Per Share | 1.26 | 2.68 | ||||||
Chilean Hydro Acquisition | ||||||||
In December 2012, International Energy acquired Iberoamericana de Energía Ibener, S.A. (Ibener) of Santiago, Chile for cash consideration of $415 million. This acquisition included the 140 megawatt (MW) Duqueco hydroelectric generation complex consisting of two run-of-the-river plants located in southern Chile. The preliminary purchase accounting entries consisted primarily of $383 million of property, plant and equipment, $30 million of intangible assets, $57 million of deferred income tax liabilities, $54 million of goodwill, and $6 million of working capital. The fair value of assets acquired and liabilities assumed utilized for the purchase price allocation are preliminary and subject to revision until the valuations are completed and to the extent that additional information is obtained about facts and circumstances existing as of the acquisition date. In April 2013, the six-month bridge loan executed in connection with the acquisition was replaced with a nonrecourse secured credit facility with a term of thirteen years, and $192 million of cash collateral related to the six-month bridge loan was returned to Duke Energy. See Note 6, “Debt and Credit Facilities,” for additional discussion related to the bridge loan conversion. | ||||||||
Vermillion Generating Station | ||||||||
On January 12, 2012, after receiving approvals from the FERC and the IURC, Duke Energy Vermillion II, LLC (Duke Energy Vermillion), an indirect wholly owned subsidiary of Duke Energy Ohio, completed the sale of its 75 percent undivided ownership interest in the Vermillion Generating Station (Vermillion) to Duke Energy Indiana and Wabash Valley Power Association (WVPA). Upon the closing of the sale, Duke Energy Indiana held a 62.5 percent interest and WVPA held a 37.5 percent interest in Vermillion. Duke Energy Ohio received net proceeds of $82 million, consisting of $68 million From Duke Energy Indiana and $14 million from WVPA. | ||||||||
As Duke Energy Indiana is an affiliate of Duke Energy Vermillion, the transaction has been accounted for as a transfer between entities under common control. As a result, no gain or loss was recorded and the transaction did not have a significant impact to Duke Energy Ohio or Duke Energy Indiana's results of operations. The proceeds received from Duke Energy Indiana are included in Net proceeds from the sales of other assets on Duke Energy Ohio's Condensed Consolidated Statements of Cash Flows. The cash paid to Duke Energy Ohio is included in Capital expenditures on Duke Energy Indiana's Condensed Consolidated Statements of Cash Flows. The transaction resulted in the recognition of non-cash after-tax equity transfers of $28 million for Duke Energy Ohio and $26 million for Duke Energy Indiana. These transfers are recorded in Duke Energy Ohio's and Duke Energy Indiana's Condensed Consolidated Statements of Equity and represent the difference between cash exchanged and the net book value of Vermillion. These amounts are not reflected in Duke Energy's Condensed Consolidated Statements of Cash Flows or Condensed Consolidated Statements of Equity as the transaction is eliminated in consolidation. | ||||||||
The proceeds from WVPA are included in Net proceeds from the sales of other assets, and sale of and collections on notes receivable on Duke Energy and Duke Energy Ohio's Condensed Consolidated Statements of Cash Flows. The sale of the proportionate share of Vermillion to WVPA did not result in a significant gain or loss. | ||||||||
DISPOSITIONS | ||||||||
DukeNet Communications | ||||||||
On October 4, 2013, Duke Energy, together with investment funds managed by Alinda, agreed to sell their interest in DukeNet Communications, LLC (DukeNet) to Time Warner Cable, Inc. Following the repayment of existing DukeNet indebtedness at closing, estimated transaction expenses and other purchase price adjustments, Duke Energy expects to receive cash proceeds of approximately $210 million. The transaction is expected to close in the first quarter of 2014, subject to customary closing conditions, including receipt of required regulatory approvals. | ||||||||
Wind Projects Joint Venture | ||||||||
In April 2012, Duke Energy executed a joint venture agreement with Sumitomo Corporation of America (SCOA). Under the terms of the agreement, Duke Energy and SCOA each own a 50 percent interest in the joint venture (DS Cornerstone, LLC), which owns two wind generation projects. The facilities began commercial operations in June 2012 and August 2012. Duke Energy and SCOA also negotiated a $330 million, Construction and 12-year amortizing Term Loan Facility, on behalf of the borrower, a wholly owned subsidiary of the joint venture. The loan agreement is non-recourse to Duke Energy. Duke Energy received proceeds of $319 million upon execution of the loan agreement. This amount represents reimbursement of a significant portion of Duke Energy's construction costs incurred as of the date of the agreement. |
Business_Segments
Business Segments | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Business Segments [Abstract] | ' | |||||||||||||||||||||
Business Segments | ' | |||||||||||||||||||||
3. BUSINESS SEGMENTS | ||||||||||||||||||||||
Management evaluates segment performance based on Segment Income, which is defined as income from continuing operations net of income attributable to noncontrolling interests. Segment Income includes intercompany revenues and expenses that are eliminated in the Condensed Consolidated Financial Statements. Certain governance costs are allocated to each segment. In addition, direct interest expense and income taxes are included in Segment Income. | ||||||||||||||||||||||
Operating segments for the Duke Energy Registrants are determined based on information used by the chief operating decision maker in deciding how to allocate resources and evaluate the performance at each of the Duke Energy Registrants. | ||||||||||||||||||||||
Products and services are sold between affiliate companies and between reportable segments at cost. Segment assets as presented in the tables that follow exclude all intercompany assets. | ||||||||||||||||||||||
DUKE ENERGY | ||||||||||||||||||||||
Duke Energy has three reportable operating segments: USFE&G, Commercial Power and International Energy. | ||||||||||||||||||||||
USFE&G generates, transmits, distributes and sells electricity in portions of North Carolina, South Carolina, Florida, Indiana, and Kentucky. USFE&G also transmits and distributes electricity in portions of Ohio. Additionally, USFE&G transports and sells natural gas in portions of Ohio and Kentucky. It conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, certain regulated portions of Duke Energy Ohio, and Duke Energy Indiana. Segment information for USFE&G includes the results of the regulated operations of Duke Energy Progress and Duke Energy Florida beginning July 2, 2012. | ||||||||||||||||||||||
Commercial Power operates and manages power plants owned by Duke Energy Ohio and engages in the wholesale marketing and procurement of electricity, fuel and emission allowances related to these plants, as well as other contractual positions. Commercial Power also has a retail sales subsidiary, Duke Energy Retail Sales, LLC (Duke Energy Retail). Duke Energy Retail is certified by the PUCO as a Competitive Retail Electric Service provider. Through Duke Energy Generation Services, Inc. and its affiliates (DEGS), Commercial Power engages in the development, construction and operation of renewable energy and commercial transmission projects in the U.S. | ||||||||||||||||||||||
International Energy principally operates and manages power generation facilities and engages in sales and marketing of electricity and natural gas outside the U.S. It conducts operations primarily through Duke Energy International, LLC and its affiliates. Its activities principally target power generation in Latin America. Additionally, International Energy owns a 25 percent interest in National Methanol Company (NMC). Located in Saudi Arabia, NMC is a large regional producer of methanol and methyl tertiary butyl ether (MTBE). | ||||||||||||||||||||||
The remainder of Duke Energy's operations is presented as Other. While it is not considered an operating segment, Other primarily includes unallocated corporate costs, which primarily consist of interest expense on corporate debt instruments, costs to achieve mergers and divestitures, and costs associated with certain corporate severance programs. It also includes Bison Insurance Company Limited (Bison), a wholly owned, captive insurance subsidiary, Duke Energy's 50 percent interest in DukeNet and related telecommunications businesses, and Duke Energy's 60 percent interest in Duke Energy Trading and Marketing, LLC. | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||
Unaffiliated revenues(a)(b)(c) | $ | 5,768 | $ | 370 | $ | 541 | $ | 6,679 | $ | 30 | $ | ― | $ | 6,709 | ||||||||
Intersegment revenues | 18 | ― | 9 | 27 | 24 | -51 | ― | |||||||||||||||
Total revenues | $ | 5,786 | $ | 370 | $ | 550 | $ | 6,706 | $ | 54 | $ | -51 | $ | 6,709 | ||||||||
Segment income(a)(b)(c)(d) | $ | 923 | $ | 116 | $ | 27 | $ | 1,066 | $ | -76 | $ | ― | $ | 990 | ||||||||
Add back noncontrolling interests component | 4 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 14 | |||||||||||||||||||||
Net income | $ | 1,008 | ||||||||||||||||||||
Segment assets as of September 30, 2013 | $ | 99,269 | $ | 5,669 | $ | 6,852 | $ | 111,790 | $ | 2,658 | $ | 142 | $ | 114,590 | ||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(b) | In June 2013, Duke Energy Progress implemented revised customer rates approved by the NCUC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(d) | Other includes after-tax costs to achieve the merger with Progress Energy of $54 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||
Unaffiliated revenues | $ | 5,830 | $ | 382 | $ | 508 | $ | 6,720 | $ | 2 | $ | ― | $ | 6,722 | ||||||||
Intersegment revenues | 12 | ― | 17 | 29 | 18 | -47 | ― | |||||||||||||||
Total revenues | $ | 5,842 | $ | 382 | $ | 525 | $ | 6,749 | $ | 20 | $ | -47 | $ | 6,722 | ||||||||
Segment income(a)(b) | $ | 790 | $ | 103 | $ | 12 | $ | 905 | $ | -315 | $ | ― | $ | 590 | ||||||||
Add back noncontrolling interests component | 4 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 4 | |||||||||||||||||||||
Net income | $ | 598 | ||||||||||||||||||||
(a) | USFE&G recorded an impairment related to the Edwardsport Integrated Gasification Combined Cycle (IGCC) project. See Note 4 for additional information on the Edwardsport impairment. | |||||||||||||||||||||
(b) | Other includes after-tax costs to achieve the merger with Progress Energy of $293 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||
Unaffiliated revenues(a)(b)(c) | $ | 15,731 | $ | 1,168 | $ | 1,527 | $ | 18,426 | $ | 60 | $ | ― | $ | 18,486 | ||||||||
Intersegment revenues | 35 | ― | 32 | 67 | 65 | -132 | ― | |||||||||||||||
Total revenues | $ | 15,766 | $ | 1,168 | $ | 1,559 | $ | 18,493 | $ | 125 | $ | -132 | $ | 18,486 | ||||||||
Segment income(a)(b)(c)(d)(e)(f) | $ | 1,932 | $ | 300 | $ | 26 | $ | 2,258 | $ | -292 | $ | ― | $ | 1,966 | ||||||||
Add back noncontrolling interests component | 7 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 11 | |||||||||||||||||||||
Net income | $ | 1,984 | ||||||||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(b) | In June 2013, Duke Energy Progress implemented revised customer rates approved by the NCUC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(d) | USFE&G recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 impairment. | |||||||||||||||||||||
(e) | USFE&G recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. USFE&G also recorded an impairment charge related to Duke Energy Florida's proposed Levy Nuclear Station (Levy). See Note 4 for additional information about the Harris site and Levy site impairments. | |||||||||||||||||||||
(f) | Other includes after-tax costs to achieve the merger with Progress Energy of $139 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||
Unaffiliated revenues | $ | 11,178 | $ | 1,181 | $ | 1,560 | $ | 13,919 | $ | 10 | $ | ― | $ | 13,929 | ||||||||
Intersegment revenues | 29 | ― | 47 | 76 | 41 | -117 | ― | |||||||||||||||
Total revenues | $ | 11,207 | $ | 1,181 | $ | 1,607 | $ | 13,995 | $ | 51 | $ | -117 | $ | 13,929 | ||||||||
Segment income(a)(b) | $ | 1,263 | $ | 350 | $ | 71 | $ | 1,684 | $ | -356 | $ | ― | $ | 1,328 | ||||||||
Add back noncontrolling interests component | 12 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 5 | |||||||||||||||||||||
Net income | $ | 1,345 | ||||||||||||||||||||
(a) | USFE&G recorded an impairment charge related to Duke Energy Indiana's IGCC project. USFE&G also recorded the reversal of expenses of $60 million related to a prior year Voluntary Opportunity Plan in accordance with Duke Energy Carolinas' 2011 rate case. See Note 4 for additional information about the impairment charges. | |||||||||||||||||||||
(b) | Other includes after-tax costs to achieve the merger with Progress Energy of $306 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||
DUKE ENERGY OHIO | ||||||||||||||||||||||
Duke Energy Ohio has two reportable operating segments, Franchised Electric and Gas and Commercial Power. | ||||||||||||||||||||||
Franchised Electric and Gas transmits and distributes electricity in portions of Ohio and generates, transmits, distributes and sells electricity in portions of Kentucky. Franchised Electric and Gas also transports and sells natural gas in portions of Ohio and Kentucky. | ||||||||||||||||||||||
Commercial Power owns, operates and manages power plants and engages in the wholesale marketing and procurement of electricity, fuel, and emission allowances related to these plants, as well as other contractual positions. Duke Energy Ohio's Commercial Power reportable operating segment does not include the operations of DEGS or Duke Energy Retail, which are included in the Commercial Power reportable operating segment at Duke Energy. | ||||||||||||||||||||||
The remainder of Duke Energy Ohio's operations is presented as Other. While not considered a reportable segment for Duke Energy Ohio, Other consists of costs to achieve the merger between Duke Energy and Progress Energy, certain corporate severance programs, and certain costs for use of corporate assets allocated to each company. See Note 17 for additional information. All of Duke Energy Ohio's revenues are generated domestically and its long-lived assets are all in the U.S. | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||
Unaffiliated revenues(a) | $ | 421 | $ | 398 | $ | 819 | $ | ― | $ | ― | $ | 819 | ||||||||||
Intersegment revenues | ― | 6 | 6 | ― | -6 | ― | ||||||||||||||||
Total revenues | $ | 421 | $ | 404 | $ | 825 | $ | ― | $ | -6 | $ | 819 | ||||||||||
Segment income / Consolidated net income(a) | $ | 42 | $ | 30 | $ | 72 | $ | -13 | $ | ― | $ | 59 | ||||||||||
Segment assets as of September 30, 2013 | $ | 6,631 | $ | 4,088 | $ | 10,719 | $ | 103 | $ | -165 | $ | 10,657 | ||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts FE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||
Unaffiliated revenues | $ | 431 | $ | 326 | $ | 757 | $ | ― | $ | ― | $ | 757 | ||||||||||
Intersegment revenues | ― | 15 | 15 | ― | -15 | ― | ||||||||||||||||
Total revenues | $ | 431 | $ | 341 | $ | 772 | $ | ― | $ | -15 | $ | 757 | ||||||||||
Segment income (loss) / Consolidated net income | $ | 49 | $ | -17 | $ | 32 | $ | -18 | $ | ― | $ | 14 | ||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||
Unaffiliated revenues(a) | $ | 1,317 | $ | 1,060 | $ | 2,377 | $ | ― | $ | ― | $ | 2,377 | ||||||||||
Intersegment revenues | ― | 25 | 25 | ― | -25 | ― | ||||||||||||||||
Total revenues | $ | 1,317 | $ | 1,085 | $ | 2,402 | $ | ― | $ | -25 | $ | 2,377 | ||||||||||
Segment income (loss) / Consolidated net income(a) | $ | 122 | $ | -3 | $ | 119 | $ | -23 | $ | ― | $ | 96 | ||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts FE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | ||||||||||||||||
Unaffiliated revenues | $ | 1,291 | $ | 1,095 | $ | 2,386 | $ | ― | $ | ― | $ | 2,386 | ||||||||||
Intersegment revenues | ― | 42 | 42 | ― | -42 | ― | ||||||||||||||||
Total revenues | $ | 1,291 | $ | 1,137 | $ | 2,428 | $ | ― | $ | -42 | $ | 2,386 | ||||||||||
Segment income / Consolidated net income | $ | 113 | $ | 44 | $ | 157 | $ | -24 | $ | ― | $ | 133 | ||||||||||
DUKE ENERGY CAROLINAS, PROGRESS ENERGY, DUKE ENERGY PROGRESS, DUKE ENERGY FLORIDA AND DUKE ENERGY INDIANA | ||||||||||||||||||||||
Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana each have one reportable operating segment, Franchised Electric, which generates, transmits, distributes and sells electricity. The remainder of each company's operations is classified as Other. While not considered a reportable segment for any of these companies, Other consists of costs to achieve the merger between Duke Energy and Progress Energy, certain corporate severance programs, and certain costs for use of corporate assets allocated to each company. See Note 17 for additional information. Other for Progress Energy also includes interest expense on corporate debt instruments. The following table summarizes the net loss for Other at each of these registrants. | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||
The Franchised Electric operating segments includes substantially all of Duke Energy Carolinas', Progress Energy's, Duke Energy Progress', Duke Energy Florida's and Duke Energy Indiana's assets. |
Regulatory_Matters
Regulatory Matters | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | |||||||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||||||
4. REGULATORY MATTERS | ||||||||||||||||||||||||||||
RATE RELATED INFORMATION | ||||||||||||||||||||||||||||
The NCUC, PSCSC, FPSC, IURC, PUCO and KPSC approve rates for retail electric and gas services within their states. Nonregulated sellers of gas and electric generation are also allowed to operate in Ohio once certified by the PUCO. The FERC approves rates for electric sales to wholesale customers served under cost-based rates, as well as sales of transmission service. | ||||||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||||||
2013 North Carolina Rate Case | ||||||||||||||||||||||||||||
On September 24, 2013, the NCUC approved a settlement agreement related to Duke Energy Carolinas' request for a rate increase with minor modifications. The North Carolina Utilities Commission Public Staff (Public Staff) was a party to the settlement agreement. The parties have agreed to a three year step-in rate increase, with the first two years providing for $205 million, or a 4.5 percent average increase in rates, and the third year providing for rates to be increased by an additional $30 million, or 0.6 percent. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. The settlement agreement (i) allows for the recognition of nuclear outage expenses over the refueling cycle rather than when the outage occurs, (ii) a $10 million shareholder contribution to agencies that provide energy assistance to low-income customers, and (iii) an annual reduction in the regulatory liability for costs of removal of $30 million for each of the first two years. Duke Energy Carolinas also agreed not to request additional base rate increases to be effective before September 2015. New rates went into effect on September 25, 2013. | ||||||||||||||||||||||||||||
On October 23, 2013, the North Carolina Attorney General (NCAG) appealed the rate of return and capital structure approved in the agreement. On October 24, 2013, the NC Waste Awareness and Reduction Network (NC WARN) also appealed various matters in the settlement. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
2013 South Carolina Rate Case | ||||||||||||||||||||||||||||
On September 11, 2013, the PSCSC approved a settlement agreement related to Duke Energy Carolinas' request for a rate increase. Parties to the settlement agreement were the Office of Regulatory Staff, Wal-Mart Stores East, LP and Sam's East, Incorporated, the South Carolina Energy Users Committee, Public Works of the City of Spartanburg, South Carolina and the South Carolina Small Business Chamber of Commerce. The parties agreed to a two year step-in rate increase, with the first year providing for approximately $80 million, or a 5.5 percent average increase in rates, and the second year providing for rates to be increased by an additional $38 million, or 2.6 percent. The settlement agreement is based upon a return on equity of 10.2 percent and a 53 percent equity component of the capital structure. The settlement agreement (i) allows for the recognition of nuclear outage expenses over the refueling cycle rather than when the outage occurs, (ii) approximately $4 million of contributions to agencies that provide energy assistance to low-income customers and for economic development, and (iii) a reduction in the regulatory liability for costs of removal of $45 million for the first year. Duke Energy Carolinas also agreed not to request additional base rate increases to be effective before September 2015. New rates went into effect on September 18, 2013. | ||||||||||||||||||||||||||||
2011 North Carolina Rate Case | ||||||||||||||||||||||||||||
On January 27, 2012, the NCUC approved a settlement agreement related to Duke Energy Carolinas' request for a rate increase. The Public Staff was a party to the settlement. On March 28, 2012, the NCAG appealed the rate of return approved in the agreement. On April 12, 2013, the North Carolina Supreme Court (NCSC) ordered the NCUC to make an independent determination regarding the proper return on equity. The NCSC stated the determination should be based upon appropriate findings of fact that weigh all the available evidence, including the impact of changing economic conditions on customers. On October 23, 2013, the NCUC reaffirmed the rate of return approved in the January 27, 2012 settlement agreement. On October 25, 2013, the NCAG announced his intention to appeal the reaffirmed order. The appeal has not yet been filed. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
V.C. Summer Nuclear Station Letter of Intent | ||||||||||||||||||||||||||||
In July 2011, Duke Energy Carolinas signed a letter of intent with Santee Cooper related to the potential acquisition by Duke Energy Carolinas of a 5 percent to 10 percent ownership interest in the V.C. Summer Nuclear Station being developed by Santee Cooper and South Carolina Electric and Gas (SCE&G) near Jenkinsville, South Carolina. The letter of intent provided a path for Duke Energy Carolinas to conduct the necessary due diligence to determine whether future participation in this project is beneficial for its customers. On November 7, 2012, the letter of intent expired. However, Duke Energy Carolinas remains engaged in discussions at this time. | ||||||||||||||||||||||||||||
William States Lee III Nuclear Station | ||||||||||||||||||||||||||||
In December 2007, Duke Energy Carolinas applied to the NRC for a Combined Construction and Operating License (COL) for two Westinghouse AP1000 (advanced passive) reactors for the proposed William States Lee III Nuclear Station (Lee Nuclear Station) at a site in Cherokee County, South Carolina. Submitting the COL application does not commit Duke Energy Carolinas to build nuclear units. Through several separate orders, the NCUC and PSCSC have concurred with the prudency of Duke Energy Carolinas incurring certain project development and pre-construction costs, although recovery of costs is not guaranteed. Duke Energy Carolinas has incurred approximately $370 million, including allowance for funds used during construction (AFUDC) through September 30, 2013. This amount is included in Net property, plant and equipment on Duke Energy Carolinas' Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||
The Lee COL application is impacted by the ongoing NRC activity to address its Waste Confidence rule. The Waste Confidence rule is a generic finding by the NRC that spent fuel can be managed safely until ultimate disposal. The U.S. Court of Appeals for the District of Columbia (D.C. Circuit) remanded the rule to the NRC. The NRC determined that no final licenses for new reactors would be issued until the remand is appropriately addressed. Based upon current timelines from the NRC, licenses would not be issued until September 2014 at the earliest. The COL is also impacted by the time required to fully respond to an NRC request for additional information addressing seismic hazard evaluation resulting from recommendations of the Fukushima Near-Term Task Force. Due to the schedule for both fully responding and for NRC review of the response, the Lee COL is not expected until 2016. | ||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||
2012 North Carolina Rate Case | ||||||||||||||||||||||||||||
On May 30, 2013, the NCUC approved a settlement agreement related to Duke Energy Progress' request for a rate increase. The Public Staff was a party to the settlement agreement. The parties have agreed to a two year step-in rate increase, with the first year providing for a $147 million, or a 4.5 percent average increase in rates, and the second year providing for rates to be increased by an additional $31 million, or a 1.0 percent average increase in rates. The second year increase is a result of Duke Energy Progress agreeing to delay collection of financing costs on the construction work in progress for the L.V. Sutton (Sutton) combined cycle facility for one year. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. The settlement agreement (i) allows for the recognition of nuclear outage expenses over the refueling cycle rather than when the outage occurs, (ii) a $20 million contribution to agencies that provide energy assistance to low-income customers, and (iii) a reduction in the regulatory liability for costs of removal of $20 million for the first year. New rates went into effect on June 1, 2013. | ||||||||||||||||||||||||||||
On July 1, 2013, the NCAG appealed the NCUC's approval of the rate of return and capital structure included in the agreement. The NCSC recently docketed the appeal. Legal briefs are due in the fourth quarter of 2013. Duke Energy Progress cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
L.V. Sutton Combined Cycle Facility | ||||||||||||||||||||||||||||
Duke Energy Progress is constructing a 625 MW combined cycle natural gas-fired generating facility at its existing Sutton Steam Station in New Hanover County, North Carolina. Total final project cost including AFUDC is estimated to be $570 million. The Sutton project is approximately 94 percent complete and expected to be in service in the fourth quarter of 2013. | ||||||||||||||||||||||||||||
Shearon Harris Nuclear Station Expansion | ||||||||||||||||||||||||||||
On February 19, 2008, Duke Energy Progress applied to the NRC for a COL for two Westinghouse Electric AP1000 reactors at Harris. On May 2, 2013, Duke Energy Progress requested the NRC to suspend its review activities associated with the COL. As a result of the decision to suspend the COL applications, Duke Energy Progress recorded a pretax impairment charge of $22 million during the second quarter of 2013. This charge represents costs associated with the COL, which are not probable of recovery. On September 16, 2013, the NCUC approved the deferral of the North Carolina retail portion of the remaining COL costs. Approximately $47 million is recorded in Regulatory assets on Duke Energy Progress' Condensed Consolidated Balance Sheet at September 30, 2013. | ||||||||||||||||||||||||||||
Wholesale Depreciation Rates | ||||||||||||||||||||||||||||
On April 19, 2013, Duke Energy Progress filed an application with FERC for acceptance of changes to generation depreciation rates and in August filed for acceptance of additional changes. These changes will affect the rates of DEP wholesale power customers which purchase or will purchase power under formula rates. Certain Duke Energy Progress wholesale customers filed interventions and protests. FERC accepted the depreciation rate changes, subject to refund, and set the matter for settlement and hearing in a consolidated proceeding. FERC further initiated a section 206 action with respect to the justness and reasonableness of the proposed rate changes. The parties are engaged in settlement discussions. Duke Energy Progress cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||
FPSC Settlement Agreements | ||||||||||||||||||||||||||||
On February 22, 2012, the FPSC approved a settlement agreement (the 2012 Settlement) among Duke Energy Florida, the Florida Office of Public Counsel (OPC) and other customer advocates. The 2012 Settlement was to continue through the last billing cycle of December 2016. The agreement addressed four principal matters: (i) the Crystal River Unit 3 delamination prudence review then pending before the FPSC, (ii) certain customer rate matters, (iii) Duke Energy Florida's proposed Levy cost recovery, and (iv) cost of removal reserve. | ||||||||||||||||||||||||||||
On October 17, 2013, the FPSC approved a settlement agreement (the 2013 Settlement) between Duke Energy Florida, OPC, and other customer advocates. The 2013 Settlement replaces and supplants the 2012 Settlement and substantially resolves additional issues, including (i) matters related to Crystal River Unit 3, (ii) Levy, (iii) Crystal River 1 and 2 coal units, and (iv) future generation needs in Florida. | ||||||||||||||||||||||||||||
Refer to the remaining sections below for further discussion of these settlement agreements. | ||||||||||||||||||||||||||||
Crystal River Unit 3 | ||||||||||||||||||||||||||||
In September 2009, Crystal River Unit 3 began an outage for normal refueling and maintenance as well as an uprate project to increase its generating capability and to replace two steam generators. During preparations to replace the steam generators, workers discovered a delamination, or separation, within the concrete at the periphery of the containment building, which resulted in an extension of the outage. The concrete delamination was caused by redistribution of stresses in the containment wall that occurred when an opening was created to accommodate the replacement of the unit's steam generators. In March 2011, work to return the plant to service was suspended after monitoring equipment identified a new delamination. The second delamination occurred in a different section of the outer wall after repair work was completed and during the late stages of retensioning the containment building. Crystal River Unit 3 remained out of service while Duke Energy Florida conducted an engineering analysis and review of the second delamination and evaluated possible repair options. | ||||||||||||||||||||||||||||
Subsequent to March 2011, monitoring equipment detected additional changes and further damage in the partially tensioned containment building. Duke Energy Florida developed a repair plan which had a preliminary cost estimate of $900 million to $1.3 billion. | ||||||||||||||||||||||||||||
On February 5, 2013, following the completion of a comprehensive analysis and an independent review by Zapata Incorporated which estimated repair costs to be between $1.49 billion and $3.43 billion depending on the repair scope selected, Duke Energy Florida announced its intention to retire Crystal River Unit 3. Duke Energy Florida concluded that it did not have a high degree of confidence that repair could be successfully completed and licensed within estimated costs and schedule, and that it was in the best interests of Duke Energy Florida's customers and joint owners, and Duke Energy's investors to retire the unit. On February 20, 2013, Duke Energy Florida filed with the NRC a certification of permanent cessation of power operations and permanent removal of fuel from the reactor vessel. Duke Energy Florida developed initial estimates of the cost to decommission the plant during its analysis of whether to repair or retire Crystal River Unit 3. These initial estimates of the cost to decommission the plant resulted in an estimate in 2011 dollars of $989 million. With the final decision to retire, Duke Energy Florida is working to develop a comprehensive decommissioning plan, which will evaluate various decommissioning options and costs associated with each option. The plan will determine resource needs as well as the scope, schedule and other elements of decommissioning. Duke Energy Florida is evaluating the use of a safe storage (SAFSTOR) option for decommissioning. Generally, SAFSTOR involves placing the facility into a safe storage configuration, requiring limited staffing to monitor plant conditions, until the eventual dismantling and decontamination activities occur, usually in 40 to 60 years. This decommissioning approach is currently utilized at a number of retired domestic nuclear power plants and is one of three generally accepted approaches to decommissioning approved by the NRC. An updated site specific decommissioning study will be filed with the NRC and the FPSC. Additional specifics about the decommissioning plan are being developed. The NRC requires that within two years of permanent cessation of power operations the licensee submit a Post-Shutdown Decommissioning Activities Report, which includes a description of planned decommissioning activities, schedule of significant activities, a site specific cost estimate and an environmental impact assessment. Additionally, Duke Energy Florida is developing several license amendment requests and other submittals to revise staffing, training, maintenance, emergency preparedness and security requirements in light of the permanent removal of fuel from the reactor. Duke Energy Florida anticipates filing these submissions with the NRC over the next two years. | ||||||||||||||||||||||||||||
Duke Energy Florida maintains insurance coverage through Nuclear Electric Insurance Limited's (NEIL) accidental property damage program. The NEIL coverage generally does not include property damage to or resulting from the containment structure. However, full limit coverage does apply to decontamination and debris removal if required following an accident to ensure public health and safety or if property damage results from a terrorism event. | ||||||||||||||||||||||||||||
Duke Energy Florida worked with NEIL for recovery of applicable repair costs and associated replacement power costs throughout the duration of the Crystal River Unit 3 outage. On April 25, 2013 NEIL paid Duke Energy Florida $530 million related to the Crystal River Unit 3 delaminations. Duke Energy Florida has received a total of $835 million in insurance proceeds from NEIL related to the Crystal River Unit 3 delaminations. Duke Energy Florida recorded a regulatory liability of $490 million upon receipt of the April 2013 NEIL settlement proceeds. This amount is being refunded to retail customers through Duke Energy Florida's fuel clause. Proceeds received from NEIL and the related refunds to retail customers are presented in Operating Activities on Duke Energy Florida's Condensed Statements of Cash Flows. | ||||||||||||||||||||||||||||
The 2013 Settlement resolves substantially all remaining issues in the FPSC proceeding related to the review of Duke Energy Florida's decision to retire Crystal River Unit 3, the mediated resolution of insurance claims with NEIL, and the costs spent to repair Crystal River Unit 3 since the decision to retire the unit in February 2013; the uprate project; and the components of the regulatory asset to be recovered in rates beginning in 2017 via a separate base rate component. | ||||||||||||||||||||||||||||
As a result of retiring the unit, Duke Energy Florida is required to refund $100 million to retail customers through its fuel clause by the 2012 Settlement (retirement decision refund). Duke Energy Florida recorded a Regulatory liability in the third quarter of 2012 related to these replacement power obligations. | ||||||||||||||||||||||||||||
Duke Energy Florida has reclassified all Crystal River Unit 3 investments, including property, plant and equipment, nuclear fuel, inventory, and other assets to a regulatory asset. The 2012 Settlement authorized Duke Energy Florida to defer the retail portion of all Crystal River Unit 3 related costs incurred subsequent to retirement including, but not limited to, operations and maintenance and property tax costs in a regulatory asset. A regulatory liability must also be established to capture the difference between (i) actual incurred operations and maintenance and property tax costs in a given year and, (ii) the amount included in customer rates as established in Duke Energy Florida's most recent fully litigated base rate proceeding, effective 2010. Beginning in February 2013, the retail portion of operations and maintenance costs and property taxes associated with Crystal River Unit 3 are being deferred to a regulatory asset. The 2013 Settlement terminates the regulatory asset and/or liability treatment for operation and maintenance and property tax expenses incurred after December 31, 2013. | ||||||||||||||||||||||||||||
Duke Energy Florida agreed to forego recovery of $295 million of Crystal River Unit 3 regulatory assets in accordance with the 2013 settlement agreement. This excludes amounts related to the uprate project. Duke Energy Florida recorded a $295 million pretax charge in the second quarter of 2013 for this matter. This amount is included in Impairment charges on Duke Energy Florida's Condensed Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||||||||
Duke Energy Florida is allowed to accelerate cash recovery of approximately $135 million of the Crystal River Unit 3 regulatory assets from retail customers from 2014 through 2016 through its fuel clause. Duke Energy Florida will begin recovery of the remaining Crystal River Unit 3 regulatory asset, up to a cap of $1,466 million from retail customers upon the earlier of (i) full recovery of the uncollected Levy investment or (ii) the first billing period of January 2017. Recovery will continue 240 months from inception of collection of the regulatory asset in base rates. The Crystal River Unit 3 base rate component will be adjusted at least every four years. Included in this recovery, but not subject to the cap, are costs of building a dry cask storage facility for spent nuclear fuel, if needed. The return rate will be based on the currently approved AFUDC rate with a return on equity of 7.35 percent, or 70 percent of the currently approved 10.5 percent. The return rate is subject to change if the return on equity changes in the future. Construction of the dry cask storage facility is subject to separate FPSC approval. The regulatory asset associated with the uprate project will continue to be recovered through the Nuclear Cost Recovery Clause (NCRC) over an estimated seven year period beginning in 2013. | ||||||||||||||||||||||||||||
Through September 30, 2013, Duke Energy Florida deferred $1,186 million for rate recovery related to Crystal River Unit 3, which is subject to the rate recovery cap in the 2013 settlement. In addition, Duke Energy Florida deferred $324 million for recovery costs associated with building a dry cask storage facility and the original uprate project which is not subject to the rate recovery cap discussed above. Duke Energy Florida does not expect the Crystal River Unit 3 regulatory asset to exceed the cap prior to full cash recovery from its retail customers. | ||||||||||||||||||||||||||||
The following table includes a summary of retail customer refunds agreed to in the 2012 Settlement and the 2013 Settlement | ||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||||||||
2012 Settlement refund(a) | $ | 288 | $ | 97 | $ | 32 | $ | 139 | $ | 10 | $ | 10 | ||||||||||||||||
Retirement decision refund | 100 | ― | ― | ― | 40 | 60 | ||||||||||||||||||||||
NEIL proceeds | 490 | 245 | 81 | 164 | ― | ― | ||||||||||||||||||||||
Total customer refunds | $ | 878 | 342 | 113 | 303 | 50 | 70 | |||||||||||||||||||||
Accelerated regulatory asset recovery | -135 | ― | ― | -38 | -38 | -59 | ||||||||||||||||||||||
Net customer refunds | 743 | $ | 342 | $ | 113 | $ | 265 | $ | 12 | $ | 11 | |||||||||||||||||
(a) | See discussion under Customer Rate Matters section below. | |||||||||||||||||||||||||||
Duke Energy Florida is a party to a master participation agreement and other related agreements with the joint owners of Crystal River Unit 3 which convey certain rights and obligations on Duke Energy Florida and the joint owners. In December 2012, Duke Energy Florida reached an agreement with one group of joint owners related to all Crystal River Unit 3 matters, and is engaged in settlement discussions with the other major group of joint owners regarding resolution of matters associated with Crystal River Unit 3. Duke Energy Florida cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
Customer Rate Matters | ||||||||||||||||||||||||||||
Pursuant to the 2013 Settlement, Duke Energy Florida will maintain base rates at the current level through the last billing period of 2018, subject to the return on equity range of 9.5 percent to 11.5 percent. Duke Energy Florida is not required to file a depreciation study, fossil dismantlement study or nuclear decommissioning study until the earlier of the next rate case filing or March 31, 2019. The 2012 Settlement provided for a $150 million increase in base revenue effective with the first billing cycle of January 2013. Costs associated with Crystal River Unit 3 investments were removed from retail rate base effective with the first billing cycle of January 2013. Duke Energy Florida is accruing, for future rate-setting purposes, a carrying charge on the Crystal River Unit 3 investment until the Crystal River Unit 3 regulatory asset is recovered in base rates beginning with the earlier of the full recovery of the Levy investment or the first billing cycle of January 2017. If Duke Energy Florida's retail base rate earnings fall below the return on equity range, as reported on a FPSC-adjusted or pro-forma basis on a Duke Energy Florida monthly earnings surveillance report, Duke Energy Florida may petition the FPSC to amend its base rates during the term of the 2013 Settlement. | ||||||||||||||||||||||||||||
In addition to the refunds related to Crystal River Unit 3 mentioned above, Duke Energy Florida is refunding $288 million to retail customers through its fuel clause, as required by the 2012 Settlement. | ||||||||||||||||||||||||||||
If Duke Energy Florida determines additional amounts are necessary to fund the Crystal River Unit 3 decommissioning trust, it is permitted to petition for collection of those funds up to $8 million through a base rate surcharge. If the FPSC approves annual decommissioning funding prior to the end of 2018 greater than $8 million, the excess shall be deferred with a carrying cost and recovered through the Capacity Cost Recovery Clause beginning in January 2019. | ||||||||||||||||||||||||||||
Levy Nuclear Station | ||||||||||||||||||||||||||||
On July 28, 2008, Duke Energy Florida applied to the NRC for a COL for two Westinghouse AP1000 reactors at Levy. Various parties filed a joint petition to intervene in the Levy COL application. On March 26, 2013, the Atomic Safety and Licensing Board issued a ruling that the NRC had carried its burden of demonstrating its Final Environmental Impact Statement complies with the National Environmental Policy Act and applicable NRC regulatory requirements. A mandatory hearing conducted by the five NRC Commissioners is expected to occur in January 2015. | ||||||||||||||||||||||||||||
In 2008, the FPSC granted Duke Energy Florida's petition for an affirmative Determination of Need and related orders requesting cost recovery under Florida's nuclear cost-recovery rule, together with the associated facilities, including transmission lines and substation facilities. | ||||||||||||||||||||||||||||
Under the terms of the 2012 Settlement, Duke Energy Florida began retail cost-recovery of Levy costs effective in the first billing cycle of January 2013 at the fixed rates contained in the settlement and continuing for a five-year period, with true-up of any actual costs not recovered during the five-year period occurring in the final year. This amount is intended to recover the estimated retail project costs to date plus costs necessary to obtain the COL and any engineering, procurement and construction (EPC) agreement cancellation costs. The 2012 Settlement provided that Duke Energy Florida will treat the allocated wholesale cost of Levy as a retail regulatory asset and include this asset as a component of rate base and amortization expense for regulatory reporting. | ||||||||||||||||||||||||||||
Duke Energy Florida updated its retail cost-recovery for Levy effective in the first billing cycle of January 2013 to the fixed rates contained in the 2012 Settlement. These recovery rates continue for a five-year period, with true-up of any actual costs not recovered during the five-year period occurring in the final year. This amount is intended to recover the estimated retail project costs to date plus costs necessary to obtain the COL and any engineering, procurement and construction (EPC) agreement cancellation costs. The consumer parties agree to not oppose Duke Energy Florida continuing to pursue a COL for Levy. | ||||||||||||||||||||||||||||
Pursuant to the 2013 Settlement, Duke Energy Florida agrees to terminate the EPC at the earliest reasonable and prudent time. Duke Energy Florida is allowed to recover EPC cancellation costs from its retail customers. Duke Energy Florida will exercise its best efforts to obtain the COL from the NRC prior to March 31, 2015. If Duke Energy Florida, at its own discretion, decides not to pursue the COL prior to March 31, 2015, it agrees to credit customers $10 million as a reduction to fuel costs. | ||||||||||||||||||||||||||||
In accordance with the 2013 Settlement, Duke Energy Florida ceased amortization of the wholesale allocation of Levy investments against retail rates. In the second quarter of 2013, Duke Energy Florida recorded a pretax charge of $65 million to write-off the wholesale portion of Levy investments. This amount is included in Impairment charges on Duke Energy Florida's Condensed Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||||||||
Recovery of the remaining retail portion of the project costs will occur over five years from 2013 through 2017. Duke Energy Florida has an ongoing responsibility to demonstrate prudency related to the wind down of the Levy investment and the potential for salvage of Levy assets. As of September 30, 2013, Duke Energy Florida has a net uncollected investment in Levy of approximately $265 million, including AFUDC. Of this amount, $118 million is included in Regulatory assets, $117 million related to land and the COL is included in Net, property, plant and equipment, and $30 million is included in Other within Current Assets on Duke Energy Florida's Condensed Balance Sheets. | ||||||||||||||||||||||||||||
Crystal River 1 and 2 Coal Units | ||||||||||||||||||||||||||||
Duke Energy Florida is evaluating Crystal River 1 and 2 coal units for retirement in order to comply with certain environmental regulations. If those units are retired Duke Energy Florida will continue recovery of existing annual depreciation expense through the end of 2020. Beginning in 2021, Duke Energy Florida will be allowed to recover any remaining net book value of the assets from retail customers through the Capacity Cost Recovery Clause. | ||||||||||||||||||||||||||||
New Generation | ||||||||||||||||||||||||||||
Duke Energy Florida currently projects a significant need for additional generation to offset the impact of the lost capacity resulting from retirement of Crystal River Unit 3 as well as possible retirement of Crystal River 1 and 2 coal units. The 2013 Settlement establishes a recovery mechanism for additional generation needs. This recovery mechanism, the Generation Base Rate Adjustment (GBRA), will apply to (i) the construction, uprate of existing generation, and/or purchase of up to 1,150 MW of combustion turbine and/or combined cycle generating capacity prior to the end of 2017, and (ii) the construction of additional generation of up to 1,800 MW to be placed in service in 2018 upon FPSC approval of a need determination. The GBRA allows recovery of prudent costs of these items through an increase in base rates, upon the in-service date of such assets, without a general rate case at a 10.5 percent return on equity. On October 8, 2013, Duke Energy Florida issued a request for proposals to evaluate alternatives for an additional generation facility. | ||||||||||||||||||||||||||||
Cost of Removal Reserve | ||||||||||||||||||||||||||||
The 2012 Settlement and the 2013 Settlement provide Duke Energy Florida the discretion to reduce cost of removal amortization expense up to the balance in the cost of removal reserve until the earlier of its applicable cost of removal reserve reaches zero or the expiration of the 2013 Settlement. Duke Energy Florida may not reduce amortization expense if the reduction would cause it to exceed the appropriate high point of the return on equity range. Duke Energy Florida recognized a $22 million reduction of amortization expense and a $60 million reduction in amortization expense for the three months ended September 30, 2013 and 2012, respectively. Duke Energy Florida recognized a reduction in amortization expense of $95 million and $118 million for the nine months ended September 30, 2013 and 2012, respectively. Duke Energy Florida had eligible cost of removal reserves of $19 million remaining at September 30, 2013, which is impacted by accruals in accordance with its latest depreciation study, removal costs expended, jurisdictional allocation changes and reductions in amortization expense. | ||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||
Capacity Rider Filing | ||||||||||||||||||||||||||||
On August 29, 2012, Duke Energy Ohio applied to the PUCO for the establishment of a charge for capacity provided pursuant to its obligations as a Fixed Resource Requirement (FRR) entity. The charge, which is consistent with Ohio's state compensation mechanism, is estimated to be approximately $729 million, and reflects Duke Energy Ohio's embedded cost of capacity. Hearings concluded in May 2013. Duke Energy Ohio expects an order by the end of 2013. | ||||||||||||||||||||||||||||
2012 Electric Rate Case | ||||||||||||||||||||||||||||
On May 1, 2013, the PUCO approved a settlement agreement (the Electric Settlement) related to Duke Energy Ohio's electric distribution rate case. All intervening parties signed the Electric Settlement. The Electric Settlement provides for a net increase in electric distribution revenues of $49 million, or an average increase of 2.9 percent, based upon a return on equity of 9.84 percent. Revised rates were effective in May 2013. | ||||||||||||||||||||||||||||
2012 Natural Gas Rate Case | ||||||||||||||||||||||||||||
On April 2, 2013, Duke Energy Ohio, the PUCO Staff, and intervening parties filed a settlement (the Gas Settlement) with the PUCO related to a gas distribution case. The Gas Settlement provides for no increase in base rates for gas distribution service. The Gas Settlement left unresolved the recovery of environmental remediation costs associated with former manufactured gas plants (MGP). The Gas Settlement is based upon a return on equity of 9.84 percent. | ||||||||||||||||||||||||||||
Duke Energy Ohio's original application requested MGP remediation costs be recovered through base rates; however, the Gas Settlement establishes a rider for recovery of allowable costs subject to the result of additional litigation. Duke Energy Ohio has requested recovery of approximately $63 million for MGP remediation costs deferred, including carrying costs, through December 31, 2012. Hearings for the MGP litigation were completed in May 2013. Duke Energy Ohio expects an order by the end of 2013. | ||||||||||||||||||||||||||||
Regional Transmission Organization Realignment | ||||||||||||||||||||||||||||
Duke Energy Ohio, which includes its wholly owned subsidiary Duke Energy Kentucky, transferred control of its transmission assets to effect a Regional Transmission Organization (RTO) realignment from Midcontinent Independent System Operator, Inc. (MISO) to PJM Interconnection, LLC (PJM), effective December 31, 2011. | ||||||||||||||||||||||||||||
On December 16, 2010, the FERC issued an order related to MISO's cost allocation methodology surrounding Multi-Value Projects (MVP), a type of MISO Transmission Expansion Planning (MTEP) project cost. MISO expects MVP will fund costs of large transmission projects designed to bring renewable generation from the upper Midwest to load centers in the eastern portion of the MISO footprint. MISO approved MVP proposals with estimated capital project costs of approximately $5.5 billion prior to the date of Duke Energy Ohio's exit from MISO on December 31, 2011. These projects are expected to be undertaken by the constructing transmission owners from 2012 through 2020. The project costs, including an authorized rate of return and associated operating and maintenance expenses will be recovered through MISO over the useful life of the projects. Duke Energy Ohio has historically represented approximately five percent of the MISO system. In 2011, MISO estimated Duke Energy Ohio's MVP obligation to be $514 million based on the future revenue requirements of the proposed MVP projects using an 8.2% discount rate. This estimate could change significantly and is dependent in large part on which projects are actually constructed, the final costs to complete and operate the projects, and the discount rate used to measure the liability, if the liability can be discounted when recorded. | ||||||||||||||||||||||||||||
On October 21, 2011, the FERC issued an order on rehearing in this matter largely affirming its original MVP order and conditionally accepting MISO's compliance filing as well as determining the MVP allocation methodology is consistent with cost causation principles and FERC precedent. The order further stated MISO's tariff withdrawal language establishes that once cost responsibility for transmission upgrades is determined, withdrawing transmission owners retain any costs incurred prior to their withdrawal date. In order to preserve its rights, Duke Energy Ohio appealed the FERC order in the D.C. Circuit Court of Appeals. The case was consolidated with appeals of the FERC order by other parties in the Seventh Circuit Court of Appeals. On June 7, 2013, the Seventh Circuit dismissed Duke Energy Ohio's appeal for lack of a final administrative decision on the matter. | ||||||||||||||||||||||||||||
On December 29, 2011, MISO filed a Schedule 39 to its tariff with the FERC. Schedule 39 provides for allocation of MVP costs to a withdrawing owner based on the owner's actual transmission load after the owner's withdrawal from MISO, or, if the owner fails to report such load, based on the owner's historical usage in MISO assuming annual load growth. On January 19, 2012, Duke Energy Ohio protested the allocation of MVP costs with the FERC. On February 27, 2012, the FERC accepted Schedule 39 as a just and reasonable basis for MISO to charge MVP costs to a transmission owner that withdraws from MISO after January 1, 2012. The FERC set for hearing (i) whether MISO's proposal to use the methodology in Schedule 39 to calculate the obligation of transmission owners who withdrew from MISO prior to January 1, 2012 is consistent with MVP-related withdrawal obligations in the tariff at the time they withdrew from MISO, and, (ii) if not, what amount of, and methodology for calculating, any MVP cost responsibility should be. | ||||||||||||||||||||||||||||
On March 28, 2012, Duke Energy Ohio requested rehearing of FERC's order on MISO's Schedule 39. The Schedule 39 hearing was held in April 2013. A FERC Administrative Law Judge (ALJ) presided over the hearing and issued an initial decision on July 16, 2013. The ALJ ruled Schedule 39 is consistent with MVP-related withdrawal obligations in the tariff at the time Duke Energy Ohio withdrew from MISO and is otherwise just and reasonable. Under this initial decision, Duke Energy Ohio would be liable for MVP costs. Duke Energy Ohio filed exceptions to the initial decision, requesting the FERC overturn the ALJ's decision. After reviewing the initial decision, along with all exceptions and responses to exceptions filed by the parties, the FERC will issue a final decision. Duke Energy Ohio fully intends to appeal to the federal court of appeals if the FERC affirms the ALJ's decision. | ||||||||||||||||||||||||||||
On December 22, 2010, the KPSC approved Duke Energy Kentucky's request to effect the RTO realignment, subject to several conditions. Conditions of the approval include a commitment not to seek double-recovery in a future rate case of the transmission expansion fees that may be charged by MISO and PJM in the same period or overlapping periods. | ||||||||||||||||||||||||||||
On May 25, 2011 the PUCO approved a settlement between Duke Energy Ohio, Ohio Energy Group, The Office of Ohio Consumers' Counsel and the PUCO Staff related to Duke Energy Ohio's recovery of certain costs of the RTO realignment via a non-bypassable rider. Duke Energy Ohio is allowed to recover all MTEP costs, including but not limited to MVP costs, directly or indirectly charged to Duke Energy Ohio retail customers. Duke Energy Ohio will not seek to recover any portion of the MISO exit obligation, PJM integration fees, or internal costs associated with the RTO realignment, and the first $121 million of PJM transmission expansion costs from Ohio retail customers. Duke Energy Ohio also agreed to vigorously defend against any charges for MVP projects from MISO. After Duke Energy Kentucky made the requested commitments, on January 25, 2011, the KPSC ruled that the approval is no longer conditional. | ||||||||||||||||||||||||||||
Upon its exit from MISO on December 31, 2011, Duke Energy Ohio recorded a liability for its exit obligation and share of MTEP costs, excluding MVP. This liability was recorded within Other in Current liabilities and Other in Deferred credits and other liabilities on Duke Energy Ohio's Condensed Consolidated Balance Sheets. In addition to these liabilities, Duke Energy Ohio may also be responsible for costs associated with MISO MVP projects. Duke Energy Ohio is contesting its obligation to pay for such costs. However, depending on the outcome of this matter, Duke Energy Ohio could incur material costs associated with MVP projects, which are not reasonably estimable at this time. | ||||||||||||||||||||||||||||
Duke Energy Ohio cannot predict the outcome of these proceedings. | ||||||||||||||||||||||||||||
The following table provides a reconciliation of the beginning and ending balance of Duke Energy Ohio's recorded obligations related to its withdrawal from MISO. | ||||||||||||||||||||||||||||
(in millions) | Balance at December 31, 2012 | Provision / Adjustments | Cash Reductions | Balance at September 30, 2013(a) | ||||||||||||||||||||||||
Duke Energy Ohio | $ | 97 | $ | 3 | $ | -3 | $ | 97 | ||||||||||||||||||||
(a) | As of September 30, 2013, $70 million is recorded as a Regulatory asset on Duke Energy Ohio's Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||
Edwardsport IGCC Plant | ||||||||||||||||||||||||||||
On November 20, 2007, the IURC granted Duke Energy Indiana a Certificate of Public Convenience and Necessity (CPCN) for the construction of a 618 MW IGCC power plant at Duke Energy Indiana's existing Edwardsport Generating Station in Knox County, Indiana with a cost estimate of $1.985 billion assuming timely recovery of financing costs related to the project. On January 25, 2008, Duke Energy Indiana received the final air permit from the Indiana Department of Environmental Management. The Citizens Action Coalition of Indiana, Inc. (CAC), Sierra Club, Inc. (Sierra Club), Save the Valley, Inc. (Save the Valley), and Valley Watch, Inc. (Valley Watch), all intervenors in the CPCN proceeding (collectively, the Joint Intervenors), appealed the air permit. A settlement related to the air permit was reached on August 30, 2013. The air permit was not impacted by the provisions of the settlement. | ||||||||||||||||||||||||||||
Duke Energy Indiana experienced design modifications, quantity increases and scope growth above what was anticipated from the preliminary engineering design, which increased capital costs for the project. In January 2009, the IURC approved a new cost estimate for $2.35 billion (including $125 million of AFUDC). In April 2010, Duke Energy Indiana requested approval of a revised cost estimate of $2.88 billion (including $160 million of AFUDC). In June 2011, Duke Energy Indiana updated its cost forecast to $2.82 billion (excluding AFUDC). In October 2011, Duke Energy Indiana revised its project cost estimate to $2.98 billion (excluding AFUDC). In October 2012, Duke Energy Indiana further revised its projected cost estimate to $3.15 billion (excluding AFUDC). | ||||||||||||||||||||||||||||
On December 27, 2012, the IURC approved a settlement agreement related to the cost increase for the construction of the project including subdockets before the IURC related to the project. The Office of Utility Consumer Counselor (OUCC), the Duke Energy Indiana Industrial Group and Nucor Steel-Indiana were parties to the settlement. This settlement agreement resolved all then pending regulatory issues related to the project. The settlement agreement, as approved, capped costs to be reflected in customer rates at $2.595 billion, including estimated AFUDC through June 30, 2012. Duke Energy Indiana is allowed to recover AFUDC after June 30, 2012, until customer rates are revised, with such recovery decreasing to 85 percent on AFUDC accrued after November 30, 2012. Duke Energy Indiana also agreed not to request a retail electric base rate increase prior to March 2013, with rates in effect no earlier than April 1, 2014. | ||||||||||||||||||||||||||||
The IURC modified the settlement agreement as previously agreed to by the parties to (i) require Duke Energy Indiana to credit customers for cost control incentive payments the IURC found to be unwarranted as a result of delays that arose from project cost overruns and (ii) provide that if Duke Energy Indiana should recover more than the project costs absorbed by Duke Energy's shareholders through litigation, any surplus must be returned to the Duke Energy Indiana's ratepayers. | ||||||||||||||||||||||||||||
Over the course of construction of the project, Duke Energy Indiana recorded pre-tax charges of approximately $897 million, related to the Edwardsport project including the settlement agreement discussed above. Of this amount, pre-tax impairment and other charges of $600 million were recorded during the nine months ended September 30, 2012. These charges were recorded in Impairment charges and Operations, maintenance and other on Duke Energy Indiana's Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||||||||
The Joint Intervenors appealed the IURC order approving the April 2012 settlement agreement and other related regulatory orders to the Indiana Court of Appeals. A final decision is anticipated mid-2014. | ||||||||||||||||||||||||||||
The project was placed in commercial operation in June 2013. | ||||||||||||||||||||||||||||
The costs for the Edwardsport IGCC plant are recovered from retail electric customers via a tracking mechanism, the IGCC Rider. Duke Energy Indiana files information related to the IGCC Rider every six months. In these proceedings, Duke Energy Indiana requests recovery associated with the capped construction costs of the project and operating expenses for the period after the plant is in service. In September 2013, the IURC approved the tenth semi-annual IGCC rider. The eleventh semi-annual IGCC rider proceeding is pending with an order expected by April 2014. | ||||||||||||||||||||||||||||
Phase 2 Environmental Compliance Proceeding | ||||||||||||||||||||||||||||
On April 10, 2013, the IURC approved Duke Energy Indiana's plan for the addition of certain environmental pollution control projects on several of its coal-fired generating units to comply with existing and proposed environmental rules and regulations. The expenditures approved in the plan will be presented for recovery in Duke Energy Indiana's semi-annual environmental cost recovery rider. The plan calls for a combination of selective catalytic reduction systems, dry sorbent injection systems for SO3 mitigation, activated carbon injection systems and/or mercury re-emission chemical injection systems. The capital costs are estimated at $395 million (excluding AFUDC). | ||||||||||||||||||||||||||||
OTHER REGULATORY MATTERS | ||||||||||||||||||||||||||||
Progress Energy Merger FERC Mitigation | ||||||||||||||||||||||||||||
In June 2012, the FERC approved the merger with Progress Energy, including Duke Energy and Progress Energy's revised market power mitigation plan, the Joint Dispatch Agreement (JDA) and the joint Open Access Transmission Tariff (OATT). The revised market power mitigation plan provides for the acceleration of one transmission project and the completion of seven other transmission projects (Long-term FERC Mitigation) and interim firm power sale agreements during the completion of the transmission projects (Interim FERC Mitigation). The Long-term FERC Mitigation is expected to increase power imported into the Duke Energy Carolinas and Duke Energy Progress service areas and enhance competitive power supply options in the service areas. These projects are expected to be completed no later than 2015. | ||||||||||||||||||||||||||||
On July 10, 2012, certain intervenors requested a rehearing seeking to overturn the June 2012 order by the FERC. On August 8, 2012, FERC granted rehearing for further consideration. | ||||||||||||||||||||||||||||
Following the closing of the merger, Duke Energy's outside counsel reviewed Duke Energy's mitigation plan and discovered a technical error in the calculations. Duke Energy reported the error to the appropriate regulatory bodies and is working to determine whether additional mitigation measures are necessary. Duke Energy cannot predict the outcome of this matter. | ||||||||||||||||||||||||||||
Planned and Potential Coal Plant Retirements | ||||||||||||||||||||||||||||
The Subsidiary Registrants periodically file Integrated Resource Plans (IRP) with their state regulatory commissions. The IRPs provide a view of forecasted energy needs over a 10-20 year period, and options being considered to meet those needs. The IRP's filed by the Subsidiary Registrants in 2013, 2012 and 2011 included planning assumptions to potentially retire certain coal-fired generating facilities in North Carolina, South Carolina, Florida, Indiana and Ohio by 2015. The facilities do not have the requisite emission control equipment, primarily to meet Environmental Protection Agency (EPA) regulations that are not yet effective. | ||||||||||||||||||||||||||||
The table below contains the net carrying value of generating facilities planned for early retirement or being evaluated for potential retirement included in Property, plant and equipment, net on the Condensed Consolidated Balance Sheets. In addition to the amounts presented below, Duke Energy Carolinas, Duke Energy Progress and Duke Energy Indiana have $71 million, $187 million and $57 million, respectively, of net carrying value related to previously retired coal generation facilities included in Regulatory assets on their Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | (b) | Progress Energy | Duke Energy Progress | (c)(d) | Duke Energy Florida | (e) | Duke Energy Ohio | (f) | Duke Energy Indiana | (g) | |||||||||||||||||
Capacity (in MW) | 3,244 | 200 | 1,448 | 575 | 873 | 928 | 668 | |||||||||||||||||||||
Remaining net book value (in millions)(a) | $ | 319 | $ | 14 | $ | 171 | $ | 59 | $ | 112 | $ | 10 | $ | 124 | ||||||||||||||
(a) | Included in Property, plant and equipment, net as of September 30, 2013, on the Condensed Consolidated Balance Sheets, unless otherwise noted. | |||||||||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||||||||
(c) | Includes Sutton Station, which is expected to be retired by the end of 2013. | |||||||||||||||||||||||||||
(d) | Remaining net book value of Duke Energy Progress' Sutton Station is included in Generation facilities to be retired, net, on the Condensed Consolidated Balance Sheets at September 30, 2013. | |||||||||||||||||||||||||||
(e) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||||||
(f) | Includes Beckjord Station Units 2 through 6 and Miami Fort Unit 6. Beckjord units have no remaining book value. Beckjord units 2 and 3 were retired effective October 1, 2013. | |||||||||||||||||||||||||||
(g) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||||||||
Duke Energy continues to evaluate the potential need to retire these coal-fired generating facilities earlier than the current estimated useful lives, and plans to seek regulatory recovery for amounts that would not be otherwise recovered when any of these assets are retired. However, such recovery, including recovery of carrying costs on remaining book values, could be subject to future regulatory approvals and therefore cannot be assured. | ||||||||||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Commitments And Contingencies [Abstract] | ' | |||||||||||||||||||||
Commitments And Contingencies | ' | |||||||||||||||||||||
5. COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||
ENVIRONMENTAL | ||||||||||||||||||||||
Duke Energy is subject to international, federal, state, and local regulations regarding air and water quality, hazardous and solid waste disposal, and other environmental matters. The Subsidiary Registrants are subject to federal, state, and local regulations regarding air and water quality, hazardous and solid waste disposal and other environmental matters. These regulations can be changed from time to time, imposing new obligations on the Duke Energy Registrants. | ||||||||||||||||||||||
The following environmental matters impact all of the Duke Energy Registrants. | ||||||||||||||||||||||
Remediation Activities | ||||||||||||||||||||||
The Duke Energy Registrants are responsible for environmental remediation at various contaminated sites. These include some properties that are part of ongoing operations and sites formerly owned or used by Duke Energy entities. These sites are in various stages of investigation, remediation, and monitoring. Managed in conjunction with relevant federal, state, and local agencies, activities vary with site conditions and locations, remediation requirements, complexity, and sharing of responsibility. If remediation activities involve joint and several liability provisions, strict liability, or cost recovery or contribution actions, the Duke Energy Registrants could potentially be held responsible for contamination caused by other parties. The Duke Energy Registrants may share liability associated with contamination with other potentially responsible parties, and may also benefit from insurance policies or contractual indemnities that cover some or all cleanup costs. The Duke Energy Registrants continually assess the nature and extent of known or potential environmental contingencies. Liabilities are recorded when losses become probable and are reasonably estimable. The Duke Energy Registrants have accrued costs associated with remediation activities at some of their current and former sites for the stages of investigation, remediation, and monitoring that can be reasonably estimated, as well as other relevant environmental contingent liabilities. The Duke Energy Registrants cannot estimate the total costs that may be incurred in connection with the remediation at all stages of all sites because the extent of environmental impact, allocation among potentially responsible parties, remediation alternatives, and/or regulatory decisions have not yet been determined. Additional costs associated with remediation activities at certain sites are likely to be incurred in the future. These additional costs could be significant. Costs associated with remediation activities within the Duke Energy Registrants' operations are typically expensed as Operation, maintenance and other in the Condensed Consolidated Statements of Operations unless regulatory recovery of the costs is deemed probable. | ||||||||||||||||||||||
The following table contains information regarding reserves for probable and estimable costs related to the Duke Energy Registrants' various environmental sites. These amounts are recorded in Other within Deferred Credits and Other Liabilities on the Duke Energy Registrants' Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Balance at December 31, 2011 | $ | 61 | $ | 12 | $ | 23 | $ | 11 | $ | 12 | $ | 28 | $ | 9 | ||||||||
Provisions / adjustments | 43 | 1 | 16 | 4 | 12 | 10 | 2 | |||||||||||||||
Cash reductions | -19 | ― | -7 | -2 | -5 | -15 | -2 | |||||||||||||||
Balance at September 30, 2012 | $ | 85 | $ | 13 | $ | 32 | $ | 13 | $ | 19 | $ | 23 | $ | 9 | ||||||||
Balance at December 31, 2012 | $ | 75 | $ | 12 | $ | 33 | $ | 14 | $ | 19 | $ | 15 | $ | 8 | ||||||||
Provisions / adjustments | 6 | ― | 5 | 1 | 4 | -1 | 1 | |||||||||||||||
Cash reductions | -17 | ― | -6 | -2 | -4 | -8 | -2 | |||||||||||||||
Balance at September 30, 2013 | $ | 64 | $ | 12 | $ | 32 | $ | 13 | $ | 19 | $ | 6 | $ | 7 | ||||||||
The PUCO has approved Duke Energy Ohio's deferral of the costs incurred for probable and estimable costs related to the MGP environmental sites. Duke Energy Ohio is seeking recovery of those costs in its natural gas distribution rate case as discussed in Note 4. | ||||||||||||||||||||||
Additional losses in excess of recorded reserves the Duke Energy Registrants' could incur for the stages of investigation, remediation, and monitoring for their environmental sites that can be reasonably estimated at this time are presented in the table below. | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Duke Energy | $ | 75 | ||||||||||||||||||||
Duke Energy Carolinas | 29 | |||||||||||||||||||||
Progress Energy | 6 | |||||||||||||||||||||
Duke Energy Progress | 3 | |||||||||||||||||||||
Duke Energy Florida | 3 | |||||||||||||||||||||
Duke Energy Ohio | 35 | |||||||||||||||||||||
Duke Energy Indiana | 5 | |||||||||||||||||||||
Clean Water Act 316(b) | ||||||||||||||||||||||
The EPA proposed a cooling water intake structures rule on April 20, 2011. The proposed rule advances one main approach and three alternatives. The main approach establishes aquatic protection requirements for existing facilities that withdraw 2 million gallons or more of water per day from U.S. water sources for cooling purposes. Based on the main approach proposed, most, if not all of the steam electric generating facilities the Duke Energy Registrants own are likely affected sources unless retired prior to implementation of the 316(b) requirements. | ||||||||||||||||||||||
The deadline for issuance of the final 316(b) rule is November 2013. If the rule is finalized as proposed, modifications to the intakes could be required as early as mid- to-late 2017. The Duke Energy Registrants are unable to predict the outcome of this rulemaking. | ||||||||||||||||||||||
Cross-State Air Pollution Rule (CSAPR) | ||||||||||||||||||||||
On August 8, 2011, the final Cross-State Air Pollution Rule (CSAPR) was published in the Federal Register. The CSAPR established state-level annual sulfur dioxide (SO2) budgets and annual seasonal nitrogen oxide (NOx) budgets that were to take effect on January 1, 2012. | ||||||||||||||||||||||
On August 21, 2012, the D.C. Circuit Court vacated the CSAPR. The court also directed the EPA to continue administering the Clean Air Interstate Rule (CAIR). The Duke Energy Registrants have been complying with the CAIR since 2009. The CAIR requires additional reductions in SO2 and NOx emissions beginning in 2015. On June 24, 2013, the U.S. Supreme Court (Supreme Court) granted the EPA's petitions for a writ of certiorari. Oral arguments will be heard on December 10, 2013. The Supreme Court is likely to issue its decision on the merits by mid-2014. | ||||||||||||||||||||||
The Duke Energy Registrants cannot predict the outcome of the proceedings. Continued compliance with the CAIR pending the outcome of the rehearing process will not result in the Duke Energy Registrants adding new emission controls. | ||||||||||||||||||||||
Coal Combustion Residuals (CCR) | ||||||||||||||||||||||
On June 21, 2010, the EPA proposed a regulation under the Resource Conservation and Recovery Act, related to coal combustion residuals (CCR). CCR is a term the EPA uses to describe the coal combustion byproducts associated with the generation of electricity. The EPA proposal contains two regulatory options whereby CCRs not employed in approved beneficial use applications would either (i) be regulated as hazardous waste or (ii) continue to be regulated as non-hazardous waste. | ||||||||||||||||||||||
On October 29, 2013, the U.S. District Court for the District of Columbia ordered the EPA to complete the timeline for CCR rulemaking within 60 days. The Duke Energy Registrants cannot predict the outcome of this rulemaking, but the impact could be significant. | ||||||||||||||||||||||
Steam Electric Effluent Limitation Guidelines | ||||||||||||||||||||||
On June 7, 2013, the EPA proposed Steam Electric Effluent Limitations Guidelines (ELGs). The EPA is under a court order to complete a final rule by May 22, 2014. The EPA has proposed eight options for the rule, which vary in stringency and cost. The proposed regulation applies to seven waste streams, including wastewater from air pollution control equipment and ash transport water. Most, if not all of the steam electric generating facilities the Duke Energy Registrants own are likely affected sources. Compliance is proposed as soon as possible after July 1, 2017, but may extend until July 1, 2022. The Duke Energy Registrants are unable to predict the outcome of the rulemaking, but the impact could be significant. | ||||||||||||||||||||||
Greenhouse Gas New Source Performance Standards (NSPS) | ||||||||||||||||||||||
On September 20, 2013, the EPA proposed a rule to establish carbon dioxide (CO2) emissions standards for new pulverized coal, IGCC, and natural gas combined cycle electric generating units commencing construction on or after the date the proposal appears in the Federal Register. Any future coal and IGCC units will be required to employ carbon capture and storage technology to meet the proposed CO2 emission standard. | ||||||||||||||||||||||
The Duke Energy Registrants do not expect a material impact on their future results of operations or cash flows based on the EPA's proposal. The final rule, however, could be significantly different from the proposal. It is not known when the EPA might finalize the rule. | ||||||||||||||||||||||
On June 25, 2013, the President of the United States issued a memorandum directing the EPA to propose CO2 emissions requirements for existing fossil-fueled electric generating units by June 1, 2014, and to finalize the guidelines for states to develop their own regulations for implementing the guidelines by June 1, 2015. The memorandum directed the EPA to require states to submit their implementation regulations for approval by June 30, 2016. | ||||||||||||||||||||||
The Duke Energy Registrants are unable to predict the outcome of this rulemaking. | ||||||||||||||||||||||
Mercury and Air Toxics Standards (MATS) | ||||||||||||||||||||||
The final Mercury and Air Toxics Standards rule, previously referred to as the Utility MACT Rule, was issued on February 16, 2012. The final rule establishes emission limits for hazardous air pollutants from new and existing coal-fired and oil-fired steam electric generating units. The rule requires sources to comply with emission limits by April 16, 2015. Under the Clean Air Act (CAA), permitting authorities have the discretion to grant up to a one-year compliance extension, on a case-by-case basis, to sources that are unable to complete the installation of emission controls before the compliance deadline. The Duke Energy Registrants continue to develop and implement strategies for complying with the rule. Strategies to achieve compliance with the final rule will include installing new air emission control equipment, developing monitoring processes, fuel switching, and accelerating retirement of some coal-fired electric-generating units. For additional information, refer to Note 4 regarding potential plant retirements. | ||||||||||||||||||||||
Numerous petitions for review of the final rule have been filed with the D.C. Circuit Court. Oral arguments have not been scheduled. The Duke Energy Registrants cannot predict the outcome of the litigation or how it might affect their compliance with the MATS requirements. | ||||||||||||||||||||||
Refer to the table below for a summary of estimated costs to comply with the MATS regulations. | ||||||||||||||||||||||
Estimated Cost and Impacts of EPA Rulemakings | ||||||||||||||||||||||
The ultimate compliance requirements for MATS, Clean Water 316(b), CCRs and ELGs will not be known until all the rules have been finalized. However, for planning purposes, the Duke Energy Registrants currently estimate the cost of new control equipment that may need to be installed on existing power plants to comply with these EPA regulations could total $5 billion to $6 billion, excluding AFUDC, over the next 10 years. The table below includes estimated costs for new control equipment necessary to comply with the MATS rule, which is the only rule that has been finalized | ||||||||||||||||||||||
(in millions) | Range | |||||||||||||||||||||
Duke Energy | $ | 650 | - | 800 | ||||||||||||||||||
Duke Energy Carolinas | 65 | - | 85 | |||||||||||||||||||
Progress Energy | 7 | - | 30 | |||||||||||||||||||
Duke Energy Progress | 5 | - | 10 | |||||||||||||||||||
Duke Energy Florida | 2 | - | 20 | |||||||||||||||||||
Duke Energy Ohio | 40 | - | 85 | |||||||||||||||||||
Duke Energy Indiana | 540 | - | 600 | |||||||||||||||||||
The Duke Energy Registrants also expect to incur increased fuel, purchased power, operation and maintenance, and other expenses, and costs for replacement generation for potential coal-fired power plant retirements as a result of these EPA regulations. Until the final regulatory requirements are known and can be fully evaluated, the potential compliance costs associated with these EPA regulatory actions are subject to considerable uncertainty. Therefore, the actual compliance costs incurred may be materially different from these estimates based on the timing and requirements of the final EPA regulations. The Duke Energy Registrants intend to seek regulatory recovery of amounts incurred associated with regulated operations in complying with these regulations. Refer to Note 4 for further information regarding potential plant retirements and regulatory filings related to the Duke Energy Registrants. | ||||||||||||||||||||||
LITIGATION | ||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
Progress Energy Merger Shareholder Litigation | ||||||||||||||||||||||
On May 31, 2013, the Delaware Chancery Court consolidated four shareholder derivative lawsuits filed in 2012. The Court also appointed a lead plaintiff and counsel for plaintiffs and designated the case as In Re Duke Energy Corporation Derivative Litigation. The lawsuit names as defendants James E. Rogers and the ten other members of the Duke Energy board of directors who were also members of the pre-merger Duke Energy board of directors (Legacy Duke Energy Directors). Duke Energy is named as a nominal defendant. The case alleges claims for breach of fiduciary duties of loyalty and care in connection with the post-merger change in CEO. On October 1, 2013, defendants filed a motion to stay the case pending final disposition of the Nieman v. Duke Energy Corporation, et al. case in North Carolina. A decision is pending on the motion to stay. | ||||||||||||||||||||||
On August 3, 2012, Duke Energy was served with a shareholder Derivative Complaint, which was transferred to the North Carolina Business Court (Krieger v. Johnson, et al.). The lawsuit names as defendants, William D. Johnson, James E. Rogers and the Legacy Duke Energy Directors. Duke Energy is named as a nominal defendant. The lawsuit alleges claims for breach of fiduciary duty in granting excessive compensation to Mr. Johnson. A decision on a motion to dismiss made by Mr. Rogers and the Legacy Duke Energy Directors remains pending. | ||||||||||||||||||||||
Two shareholder Derivative Complaints, filed in 2012 in federal district court in Delaware, were consolidated as Tansey v. Rogers, et al. The case alleges claims for breach of fiduciary duty and waste of corporate assets, as well as claims under Section 14(a) and 20(a) of the Exchange Act. Duke Energy is named as a nominal defendant. On May 17, 2013, the judge granted defendants' motion to stay the litigation until a decision is rendered on the motion to dismiss in the Nieman v. Duke Energy Corporation, et al. case in North Carolina. | ||||||||||||||||||||||
Duke Energy, the Legacy Duke Energy Directors and certain Duke Energy officers are also defendants in a purported securities class action lawsuit (Nieman v. Duke Energy Corporation, et al). This lawsuit consolidates three lawsuits originally filed in July 2012, and is pending in the United States District Court for the Western District of North Carolina. The plaintiffs allege federal Securities Act and Exchange Act claims based on allegations of materially false and misleading representations and omissions in the Registration Statement filed on July 7, 2011, and purportedly incorporated into other documents, all in connection with the post-merger change in CEO. The claims are purportedly brought on behalf of a class of all persons who purchased or otherwise acquired Duke Energy securities between June 11, 2012 and July 9, 2012. On July 26, 2013, the Magistrate Judge recommended the District Court Judge deny the defendants' motion to dismiss. On October 2, 2013, the District Judge heard defendants' objections to this recommendation. A decision is pending on the motion to dismiss. | ||||||||||||||||||||||
It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with these lawsuits. | ||||||||||||||||||||||
Alaskan Global Warming Lawsuit | ||||||||||||||||||||||
On February 26, 2008, the governing bodies of an Inupiat village in Alaska, filed suit in the U.S. Federal Court for the Northern District of California against Peabody Coal and various oil and power company defendants, including Duke Energy and certain of its subsidiaries. Plaintiffs brought the action on their own behalf and on behalf of the village's 400 residents. The lawsuit alleges that defendants' emissions of CO2 contributed to global warming and constitute a private and public nuisance. Plaintiffs also allege that certain defendants, including Duke Energy, conspired to mislead the public with respect to global warming. The plaintiffs in the case requested damages in the range of $95 million to $400 million related to the cost of relocating the Village of Kivalina. On May 20, 2013, the plaintiffs' Petition for Certiorari to the Supreme Court was denied, ending the case. | ||||||||||||||||||||||
Price Reporting Cases | ||||||||||||||||||||||
A total of five lawsuits were filed against Duke Energy affiliates and other energy companies and remain pending in a consolidated, single federal court proceeding in Nevada. | ||||||||||||||||||||||
Each of these cases contain similar claims, that defendants' allegedly manipulated natural gas markets by various means, including providing false information to natural gas trade publications and entering into unlawful arrangements and agreements in violation of the antitrust laws of the respective states. Plaintiffs seek damages in unspecified amounts. | ||||||||||||||||||||||
On July 19, 2011, the judge granted a defendant's motion for summary judgment in two of the remaining five cases to which Duke Energy affiliates are a party. The Ninth Circuit Court of Appeals subsequently reversed the lower court's decision. On August 26, 2013, the defendants, including Duke Energy, filed a petition for certiorari to the U.S. Supreme Court. | ||||||||||||||||||||||
It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with the remaining matters. However, based on Duke Energy's past experiences with similar cases of this nature, it does not believe its exposure under these remaining matters is material. | ||||||||||||||||||||||
Crescent Resources Litigation | ||||||||||||||||||||||
On September 3, 2010, the Crescent Resources (Crescent) Litigation Trust sued Duke Energy along with various affiliates and several individuals, including current and former employees of Duke Energy, in the U.S. Bankruptcy Court for the Western District of Texas. The case was subsequently transferred to the United States District Court in Austin, Texas. The Crescent Resources Litigation Trust was established in May 2010 pursuant to the plan of reorganization approved in the Crescent bankruptcy proceedings. The complaint alleges in 2006 the defendants caused Crescent to borrow approximately $1.2 billion and immediately thereafter distribute most of the loan proceeds to Crescent's parent company without benefit to Crescent. The complaint further alleges that Crescent was rendered insolvent by the transactions, and that the loan proceeds of $1.2 billion as well as Crescent's interest of $252 million and fee payments to the creditor banks of $15 million are subject to recovery by the Crescent bankruptcy estate as an alleged fraudulent transfer. The plaintiff requests return of the loan proceeds, the payments to the creditor banks and accrued interest from the time of the transfers, as well as other statutory and equitable relief, punitive damages, and attorneys' fees. Duke Energy and its affiliated defendants believe that the referenced 2006 transactions were legitimate and did not violate any state or federal law. The defendants' motion for partial summary judgment to dismiss the plaintiff's claims for return of interest and fees paid by Crescent to the creditor banks was granted in part with respect to the interest payments and denied with respect to the fee payments. | ||||||||||||||||||||||
Mediation held August 21-22, 2012 was unsuccessful. Duke Energy and its affiliated defendants tendered a partial settlement offer of $50 million in August 2013. This amount was recorded as Operation, maintenance and other in Duke Energy's Condensed Consolidated Statements of Operations during the second quarter of 2013. On October 4, 2013 the Court granted the defendants' motion for summary judgment on the fraudulent transfer claim. State law claims including breach of fiduciary duty against all of the defendants remain in the case. The parties have scheduled mediation for November 2013. Trial has been set to commence in January 2014. | ||||||||||||||||||||||
It is not possible to estimate the maximum exposure to loss that may occur in connection with this lawsuit. The ultimate resolution of this matter could have a material effect on the results of operations, cash flows or financial position of Duke Energy. | ||||||||||||||||||||||
Brazil Expansion Lawsuit | ||||||||||||||||||||||
On August 9, 2011, the State of São Paulo sued Duke Energy International Geracao Paranapenema S.A. (DEIGP) in Brazilian state court. The lawsuit claims DEIGP is under a continuing obligation to expand installed generation capacity in the State of São Paulo by 15 percent pursuant to a stock purchase agreement under which DEIGP purchased generation assets from the state. On August 10, 2011, a judge granted an ex parte injunction ordering DEIGP to present a detailed expansion plan in satisfaction of the 15 percent obligation. DEIGP has previously taken a position that the 15 percent expansion obligation is no longer viable given changes that have occurred in the electric energy sector since privatization. DEIGP submitted its proposed expansion plan on November 11, 2011, but reserved objections regarding enforceability. No trial date has been set. It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with this matter. | ||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
New Source Review (NSR) | ||||||||||||||||||||||
In 1999-2000, the U.S. Department of Justice (DOJ) filed a number of complaints and notices of violation against multiple utilities across the country for alleged violations of the NSR provisions of the CAA. The DOJ filed these complaints on behalf of the EPA and joined by various citizen groups and states. Generally, the government alleges projects performed at various coal-fired units were major modifications, as defined in the CAA. By undertaking these projects, the utilities violated the CAA by not obtaining permits or installing the best available emission controls for SO2, NOx and particulate matter. The complaints seek the installation of pollution control technology on various generating units that allegedly violated the CAA, and unspecified civil penalties in amounts of up to $37,500 per day for each violation. A number of plants owned by Duke Energy Carolinas are subject to these allegations. Duke Energy Carolinas asserts there were no CAA violations because the applicable regulations do not require permitting in cases where the projects undertaken are “routine” or otherwise do not result in a net increase in emissions. | ||||||||||||||||||||||
In 2000, the government sued Duke Energy Carolinas in the U.S. District Court in Greensboro, North Carolina. The EPA claims 29 projects performed at 25 of Duke Energy Carolinas' coal-fired units violate these NSR provisions. Three environmental groups intervened in the case. In August 2003, the trial court issued a summary judgment adopting Duke Energy Carolinas' positions on the standard to be used for measuring an increase in emissions, and granted judgment in favor of Duke Energy Carolinas. On April 2, 2007, the trial court's decision was reversed and remanded for trial by the Supreme Court. Duke Energy Carolinas continues to assert the projects were routine or not projected to increase emissions. The parties filed a stipulation in which the United States and the plaintiff-intervenors have dismissed with prejudice 16 claims. In exchange, Duke Energy Carolinas dismissed certain affirmative defenses. The parties filed motions for summary judgment on the remaining claims. On November 6, 2013, the court issued an order denying Duke Energy Carolinas' motion for summary judgment. Duke Energy Carolinas has requested leave to file another motion for summary judgment on alternative grounds. That motion for leave, as well as the Plaintiff's motion for summary judgment, remain pending. | ||||||||||||||||||||||
It is not possible to predict whether Duke Energy Carolinas will incur any liability or to estimate the damages, if any, it might incur in connection with this matter. Ultimate resolution of these matters could have a material effect on the results of operations, cash flows or financial position of Duke Energy Carolinas. However, the appropriate regulatory treatment will be pursued for any costs incurred in connection with such resolution. | ||||||||||||||||||||||
Asbestos-related Injuries and Damages Claims | ||||||||||||||||||||||
Duke Energy Carolinas has experienced numerous claims for indemnification and medical cost reimbursement related to Asbestos exposure. These claims relate to damages for bodily injuries alleged to have arisen from exposure to or use of asbestos in connection with construction and maintenance activities conducted on its electric generation plants prior to 1985. As of September 30, 2013, there were 157 asserted claims for non-malignant cases with the cumulative relief sought of up to $30 million, and 35 asserted claims for malignant cases with the cumulative relief sought of up to $11 million. Based on Duke Energy Carolinas' experience, it is expected that the ultimate resolution of most of these claims likely will be less than the amount claimed. | ||||||||||||||||||||||
Asbestos-related reserves totaled $633 million at September 30, 2013 and $751 million at December 31, 2012. These amounts are classified in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities on Duke Energy Carolinas' Condensed Consolidated Balance Sheets. These reserves are based upon the minimum amount in Duke Energy Carolinas' best estimate of the range of loss for current and future asbestos claims through 2033. Duke Energy Carolinas believes that it is possible there will be additional claims filed after 2033. In light of uncertainties inherent in a longer-term forecast, Duke Energy Carolinas cannot reasonably estimate the indemnity and medical costs that might be incurred after 2033 related to such potential claims. Asbestos-related loss estimates incorporate anticipated inflation, if applicable, and are recorded on an undiscounted basis. These reserves are based upon current estimates and are subject to greater uncertainty as the projection period lengthens. A significant upward or downward trend in the number of claims filed, the nature of the alleged injury, and the average cost of resolving each such claim could change the estimated liability, as could any substantial or favorable verdict at trial. A federal legislative solution, further state tort reform or structured settlement transactions could also change the estimated liability. Given the uncertainties associated with projecting matters into the future and numerous other factors outside its control, it is possible Duke Energy Carolinas may incur asbestos liabilities in excess of the recorded reserves. | ||||||||||||||||||||||
Duke Energy Carolinas has third-party insurance to cover certain losses related to asbestos-related injuries and damages above an aggregate self-insured retention of $476 million. Duke Energy Carolinas' cumulative payments began to exceed the self-insurance retention in 2008. Future payments up to the policy limit will be reimbursed by the third party insurance carrier. The insurance policy limit for potential future insurance recoveries indemnification and medical cost claim payments is $897 million in excess of the self-insured retention. Receivables for insurance recoveries were $649 million related to this policy at September 30, 2013 and $781 million at December 31, 2012. These amounts are classified in Other within Investments and Other Assets and Receivables on Duke Energy Carolinas' Condensed Consolidated Balance Sheets. Duke Energy Carolinas is not aware of any uncertainties regarding the legal sufficiency of insurance claims. Duke Energy Carolinas believes the insurance recovery asset is probable of recovery as the insurance carrier continues to have a strong financial strength rating. | ||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||
Synthetic Fuels Matters | ||||||||||||||||||||||
Progress Energy and a number of its subsidiaries and affiliates are defendants in a lawsuit arising out of an Asset Purchase Agreement dated as of October 19, 1999, and amended as of August 23, 2000 (the Asset Purchase Agreement). Parties to the Asset Purchase Agreement include U.S. Global, LLC (Global); Earthco synthetic fuels facilities (Earthco); certain affiliates of Earthco; EFC Synfuel LLC (which was owned indirectly by Progress Energy) and certain of its affiliates (collectively, the Progress Affiliates). In a case filed in the Circuit Court for Broward County, Florida, in March 2003 (the Florida Global Case), Global requested an unspecified amount of compensatory damages, as well as declaratory relief. Global asserted (i) it was entitled to an interest in two synthetic fuels facilities previously owned by the Progress Affiliates and an option to purchase additional interests in the two synthetic fuels facilities and (ii) it was entitled to damages because the Progress Affiliates prohibited it from procuring purchasers for the synthetic fuels facilities. As a result of the 2007 expiration of the Internal Revenue Code Section 29 tax credit program, all of Progress Energy's synthetic fuels businesses were abandoned and the synthetic fuels businesses were reclassified as discontinued operations. | ||||||||||||||||||||||
In November 2009, the court ruled in favor of Global. In December 2009, Progress Energy made a $154 million payment, which represented payment of the total judgment, including prejudgment interest, and a required premium equivalent to two years of interest, to the Broward County Clerk of Court bond account. Progress Energy continued to accrue interest related to this judgment. | ||||||||||||||||||||||
On October 3, 2012, the Florida Fourth District Court of Appeals reversed the lower court ruling. The court held that Global was entitled to approximately $90 million of the amount paid into the registry of the court. Progress Energy was entitled to a refund of the remainder of the funds. Progress Energy received cash and recorded a $63 million pre-tax gain for the refund in December 2012. The gain was recorded in Income from Discontinued Operations, net of tax in the Consolidated Statements of Operations. | ||||||||||||||||||||||
On May 9, 2013, Global filed a Seventh Amended Complaint asserting a single count for breach of the Asset Purchase Agreement and seeking specific performance. A trial is scheduled to commence in January 2014. | ||||||||||||||||||||||
In a second suit filed in the Superior Court for Wake County, N.C., Progress Synfuel Holdings, Inc. et al. v. U.S. Global, LLC (the North Carolina Global Case), the Progress Affiliates seek declaratory relief consistent with their interpretation of the Asset Purchase Agreement. In August 2003, the Wake County Superior Court stayed the North Carolina Global Case, pending the outcome of the Florida Global Case. Based upon the verdict in the Florida Global Case, Progress Energy anticipates dismissal of the North Carolina Global Case. | ||||||||||||||||||||||
Duke Energy Progress and Duke Energy Florida | ||||||||||||||||||||||
Spent Nuclear Fuel Matters | ||||||||||||||||||||||
The Nuclear Waste Policy Act of 1982 (as amended) (NWPA) provides the framework of interim storage and permanent disposal facilities for high-level radioactive waste materials for development by the federal government. The U.S. Department of Energy (DOE) is responsible for the selection and construction of a facility for the permanent disposal of spent nuclear fuel and high-level radioactive waste. Pursuant to the NWPA, Duke Energy Progress and Duke Energy Florida entered into contracts with the DOE for disposal of spent nuclear fuel by no later than January 31, 1998. All similarly situated utilities were required to sign the same Standard Contract for Disposal of Spent Nuclear Fuel. The DOE failed to begin taking spent nuclear fuel by January 31, 1998. | ||||||||||||||||||||||
On December 12, 2011, Duke Energy Progress and Duke Energy Florida sued the United States in the U.S. Court of Federal Claims. The lawsuit claims the DOE breached the standard contract and asserts damages incurred from January 1, 2006 through December 31, 2010. Claims for all periods prior to 2006 have been resolved. Duke Energy Progress and Duke Energy Florida assert damages of $84 million and $21 million, respectively, for the period January 1, 2006 through December 31, 2010. The trial occurred September 23-25, 2013. A decision is expected in the fourth quarter 2014. Duke Energy Progress and Duke Energy Florida may file subsequent damage claims as they incur additional costs. Duke Energy Progress and Duke Energy Florida cannot predict the outcome of this matter. | ||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
Antitrust Lawsuit | ||||||||||||||||||||||
In January 2008, four plaintiffs, including individual, industrial and nonprofit customers, filed a lawsuit against Duke Energy Ohio in federal court in the Southern District of Ohio. Plaintiffs alleged Duke Energy Ohio conspired to provide inequitable and unfair price advantages for certain large business consumers. The lawsuit alleges this was done by entering into non-public option agreements with large business consumers in exchange for their withdrawal of challenges to Duke Energy Ohio's pending Rate Stabilization Plan (RSP). The RSP was implemented in early 2005. On March 31, 2009, the District Court granted Duke Energy Ohio's motion to dismiss. On June 4, 2012, the Sixth Circuit Court of Appeals reversed the district court's decision and remanded the matter on all claims for trial on the merits. Mediations held in December 2012 and March 2013 were unsuccessful. A ruling is pending on the plaintiffs' motion to certify this matter as a class action. It is not possible to predict whether Duke Energy Ohio will incur any liability or to estimate the damages, if any, which may be incurred in connection with this lawsuit. | ||||||||||||||||||||||
Asbestos-related Injuries and Damages Claims | ||||||||||||||||||||||
Duke Energy Ohio has been named as a defendant or co-defendant in lawsuits related to asbestos exposure at its electric generating stations. The impact on Duke Energy Ohio's results of operations, cash flows or financial position of these cases to date has not been material. Based on estimates under varying assumptions concerning uncertainties, such as, among others: (i) the number of contractors potentially exposed to asbestos during construction or maintenance of Duke Energy Ohio generating plants, (ii) the possible incidence of various illnesses among exposed workers, and (iii) the potential settlement costs without federal or other legislation that addresses asbestos tort actions, Duke Energy Ohio estimates that the range of reasonably possible exposure in existing and future suits over the foreseeable future is not material. This estimated range of exposure may change as additional settlements occur and claims are made and more case law is established. | ||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||
Edwardsport IGCC | ||||||||||||||||||||||
On December 11, 2012, Duke Energy Indiana filed an arbitration action against General Electric Company and Bechtel Corporation in connection with their work at the Edwardsport IGCC facility. Duke Energy Indiana is seeking damages of not less than $560 million. An arbitration hearing is scheduled for October 2014. Duke Energy Indiana cannot predict the outcome of this matter. | ||||||||||||||||||||||
Other Litigation and Legal Proceedings | ||||||||||||||||||||||
The Duke Energy Registrants are involved in other legal, tax and regulatory proceedings arising in the ordinary course of business, some of which involve substantial amounts. The Duke Energy Registrants believe the final disposition of these proceedings will not have a material effect on their results of operations, cash flows or financial position. | ||||||||||||||||||||||
The Duke Energy Registrants expense legal costs related to the defense of loss contingencies as incurred. | ||||||||||||||||||||||
The Duke Energy Registrants have exposure to certain legal matters as described above. The Duke Energy Registrants have recorded reserves for these proceedings and exposures as presented in the table below. These reserves represent management's best estimate of probable loss as defined in the accounting guidance for contingencies. The amount for Duke Energy includes the reserve related to the Crescent Resources Litigation, which is discussed above. The estimated reasonably possible range of loss for all other non-asbestos related matters in excess of the recorded reserves is not material. Duke Energy Carolinas has insurance coverage for certain of these losses incurred as presented in the table below. | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||
OTHER COMMITMENTS AND CONTINGENCIES | ||||||||||||||||||||||
General | ||||||||||||||||||||||
As part of their normal business, the Duke Energy Registrants are party to various financial guarantees, performance guarantees, and other contractual commitments to extend guarantees of credit and other assistance to various subsidiaries, investees, and other third parties. These guarantees involve elements of performance and credit risk, which are not included on their respective Condensed Consolidated Balance Sheets. The possibility of any of the Duke Energy Registrants having to honor their contingencies is largely dependent upon future operations of various subsidiaries, investees, and other third parties, or the occurrence of certain future events. | ||||||||||||||||||||||
In addition, the Duke Energy Registrants enter into various fixed-price, non-cancelable commitments to purchase or sell power, take-or-pay arrangements, transportation, or throughput agreements and other contracts that may or may not be recognized on their respective Condensed Consolidated Balance Sheets. Some of these arrangements may be recognized at fair value on their respective Condensed Consolidated Balance Sheets if such contracts meet the definition of a derivative and the normal purchase/normal sale (NPNS) exception does not apply. In most cases, the Duke Energy Registrants' purchase obligation contracts contain provisions for price adjustments, minimum purchase levels, and other financial commitments. |
Debt_and_Credit_Facilities
Debt and Credit Facilities | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Debt And Credit Facilities [Abstract] | ' | |||||||||||||||||||||||||||||||
Debt And Credit Facilities | ' | |||||||||||||||||||||||||||||||
6. DEBT AND CREDIT FACILITIES | ||||||||||||||||||||||||||||||||
SUMMARY OF SIGNIFICANT DEBT ISSUANCES | ||||||||||||||||||||||||||||||||
The following table summarizes the Duke Energy Registrants' significant debt issuances since December 31, 2012 (in millions). | ||||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | |||||||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | ||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | ||||||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | ||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | ||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
March 2013(i) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | ||||||||||||||||||||||||
June 2013(j) | Jun-41 | 4 | % | ― | 48 | ― | ― | 48 | ||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | ||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | ||||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | ||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | ||||||||||||||||||||||||
Total issuances | $ | 1,400 | $ | 548 | $ | 450 | $ | 500 | $ | 3,771 | ||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds from the issuance were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS). The securities were redeemed at par plus accrued and unpaid distributions, payable upon presentation on the redemption date. The remaining net proceeds were used to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 11 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||
(b) | Proceeds from the issuance were used to repay $250 million of current maturities. The remaining net proceeds were used for general corporate purposes, including the repayment of outstanding commercial paper. | |||||||||||||||||||||||||||||||
(c) | Proceeds from the issuance were used to repay $200 million of current maturities. The maturity date included above applies to half of the instrument. The remaining half matures in August 2018. | |||||||||||||||||||||||||||||||
(d) | The debt is floating rate based on a consumer price index and an overnight funds rate in Brazil. The debt is denominated in Brazilian Real. | |||||||||||||||||||||||||||||||
(e) | Proceeds from the issuance were used to repay commercial paper as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(f) | Represents the conversion of construction loans related to a renewable energy project issued in December 2012 to term loans. No cash proceeds were received in conjunction with the conversion. The term loans have varying maturity dates. The maturity date presented represents the latest date for all components of the respective loans. | |||||||||||||||||||||||||||||||
(g) | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | |||||||||||||||||||||||||||||||
(h) | Represents primarily the conversion of a $190 million bridge loan issued in conjunction with the acquisition of Ibener in December 2012. Duke Energy received incremental proceeds of $40 million upon conversion of the bridge loan. The debt is floating rate and is denominated in U.S. dollars. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 75 percent of the loan. | |||||||||||||||||||||||||||||||
(i) | Proceeds from the issuance were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(j) | Callable after June 2023 at par. Proceeds from the issuance were used to redeem $48 million of First Mortgage Bonds with a higher interest rate. | |||||||||||||||||||||||||||||||
(k) | Proceeds from the issuances were used to repay $400 million of current maturities. | |||||||||||||||||||||||||||||||
(l) | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed spread of 35 basis points. | |||||||||||||||||||||||||||||||
(m) | Proceeds from the issuances were used for general corporate purposes including the repayment of short-term notes payable, a portion of which was incurred to fund the retirement of $250 million of first mortgage bonds that matured in the first half of 2013. | |||||||||||||||||||||||||||||||
(n) | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | |||||||||||||||||||||||||||||||
CURRENT MATURITIES OF LONG-TERM DEBT | ||||||||||||||||||||||||||||||||
The following table shows the significant components of Current maturities of long-term debt on the Duke Energy Registrants' respective Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with a combination of cash, future cash from operations and additional commercial paper and long-term borrowings. | ||||||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 30-Sep-13 | |||||||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
Duke Energy (Parent) | Feb-14 | 6.3 | % | $ | 750 | |||||||||||||||||||||||||||
Progress Energy (Parent) | Mar-14 | 6.05 | % | 300 | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Sep-14 | 3.95 | % | 500 | ||||||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Nov-13 | 5.75 | % | 400 | ||||||||||||||||||||||||||||
Other | 357 | |||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,307 | ||||||||||||||||||||||||||||||
AVAILABLE CREDIT FACILITIES | ||||||||||||||||||||||||||||||||
Duke Energy has a five-year master credit facility. The credit facility has a capacity of $6 billion through November 2017. The Duke Energy Registrants each have borrowing capacity under the master credit facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. See the table below for the current borrowing sublimits for each of the borrowers as of September 30, 2013. The amount available under the master credit facility has been reduced to backstop issuances of commercial paper, certain letters of credit and variable-rate demand tax-exempt bonds that may be put to the Duke Energy Registrants at the option of the holder. Borrowing sublimits for the Subsidiary Registrants are also reduced for certain amounts outstanding under the money pool arrangement. | ||||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
(in millions) | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Facility size(a) | $ | 1,750 | $ | 1,250 | $ | 750 | $ | 750 | $ | 750 | $ | 750 | $ | 6,000 | ||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -256 | -300 | -244 | ― | -29 | -150 | -979 | |||||||||||||||||||||||||
Outstanding letters of credit | -57 | -4 | -2 | -1 | ― | ― | -64 | |||||||||||||||||||||||||
Tax-exempt bonds | ― | -75 | ― | ― | -84 | -81 | -240 | |||||||||||||||||||||||||
Available capacity | $ | 1,437 | $ | 871 | $ | 504 | $ | 749 | $ | 637 | $ | 519 | $ | 4,717 | ||||||||||||||||||
(a) | Represents the sublimit of each borrower at September 30, 2013. | |||||||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified as long-term borrowings within Long-term Debt in Duke Energy Carolina’s and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
(in millions) | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Facility size(a) | $ | 1,750 | $ | 1,250 | $ | 750 | $ | 750 | $ | 750 | $ | 750 | $ | 6,000 | ||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -256 | -300 | -244 | ― | -29 | -150 | -979 | |||||||||||||||||||||||||
Outstanding letters of credit | -57 | -4 | -2 | -1 | ― | ― | -64 | |||||||||||||||||||||||||
Tax-exempt bonds | ― | -75 | ― | ― | -84 | -81 | -240 | |||||||||||||||||||||||||
Available capacity | $ | 1,437 | $ | 871 | $ | 504 | $ | 749 | $ | 637 | $ | 519 | $ | 4,717 | ||||||||||||||||||
(a) | Represents the sublimit of each borrower at September 30, 2013. | |||||||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified as long-term borrowings within Long-term Debt in Duke Energy Carolina’s and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 30-Sep-13 | |||||||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
Duke Energy (Parent) | Feb-14 | 6.3 | % | $ | 750 | |||||||||||||||||||||||||||
Progress Energy (Parent) | Mar-14 | 6.05 | % | 300 | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Sep-14 | 3.95 | % | 500 | ||||||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Nov-13 | 5.75 | % | 400 | ||||||||||||||||||||||||||||
Other | 357 | |||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,307 | ||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | |||||||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | ||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | ||||||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | ||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | ||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
March 2013(i) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | ||||||||||||||||||||||||
June 2013(j) | Jun-41 | 4 | % | ― | 48 | ― | ― | 48 | ||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | ||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | ||||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | ||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | ||||||||||||||||||||||||
Total issuances | $ | 1,400 | $ | 548 | $ | 450 | $ | 500 | $ | 3,771 | ||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds from the issuance were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS). The securities were redeemed at par plus accrued and unpaid distributions, payable upon presentation on the redemption date. The remaining net proceeds were used to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 11 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||
(b) | Proceeds from the issuance were used to repay $250 million of current maturities. The remaining net proceeds were used for general corporate purposes, including the repayment of outstanding commercial paper. | |||||||||||||||||||||||||||||||
(c) | Proceeds from the issuance were used to repay $200 million of current maturities. The maturity date included above applies to half of the instrument. The remaining half matures in August 2018. | |||||||||||||||||||||||||||||||
(d) | The debt is floating rate based on a consumer price index and an overnight funds rate in Brazil. The debt is denominated in Brazilian Real. | |||||||||||||||||||||||||||||||
(e) | Proceeds from the issuance were used to repay commercial paper as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(f) | Represents the conversion of construction loans related to a renewable energy project issued in December 2012 to term loans. No cash proceeds were received in conjunction with the conversion. The term loans have varying maturity dates. The maturity date presented represents the latest date for all components of the respective loans. | |||||||||||||||||||||||||||||||
(g) | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | |||||||||||||||||||||||||||||||
(h) | Represents primarily the conversion of a $190 million bridge loan issued in conjunction with the acquisition of Ibener in December 2012. Duke Energy received incremental proceeds of $40 million upon conversion of the bridge loan. The debt is floating rate and is denominated in U.S. dollars. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 75 percent of the loan. | |||||||||||||||||||||||||||||||
(i) | Proceeds from the issuance were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(j) | Callable after June 2023 at par. Proceeds from the issuance were used to redeem $48 million of First Mortgage Bonds with a higher interest rate. | |||||||||||||||||||||||||||||||
(k) | Proceeds from the issuances were used to repay $400 million of current maturities. | |||||||||||||||||||||||||||||||
(l) | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed spread of 35 basis points. | |||||||||||||||||||||||||||||||
(m) | Proceeds from the issuances were used for general corporate purposes including the repayment of short-term notes payable, a portion of which was incurred to fund the retirement of $250 million of first mortgage bonds that matured in the first half of 2013. | |||||||||||||||||||||||||||||||
(n) | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | |||||||||||||||||||||||||||||||
Goodwill_Intangible_Assets_Imp
Goodwill, Intangible Assets & Impairments | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill [Abstract] | ' | ||||||||||||
Goodwill | ' | ||||||||||||
7. GOODWILL | |||||||||||||
The following tables present goodwill by reportable operating segment for Duke Energy and Duke Energy Ohio. | |||||||||||||
Duke Energy | |||||||||||||
(in millions) | USFE&G | Commercial Power | International Energy | Total | |||||||||
Balance at December 31, 2012 | |||||||||||||
Goodwill | $ | 15,950 | $ | 933 | $ | 353 | $ | 17,236 | |||||
Accumulated impairment charges | ― | -871 | ― | -871 | |||||||||
Balance at December 31, 2012, as adjusted for accumulated impairment charges | 15,950 | 62 | 353 | 16,365 | |||||||||
Acquisitions (a) | 2 | 2 | -5 | -1 | |||||||||
Foreign exchange and other changes | -2 | ― | -17 | -19 | |||||||||
Balance at September 30, 2013 | |||||||||||||
Goodwill | 15,950 | 935 | 331 | 17,216 | |||||||||
Accumulated impairment charges | ― | -871 | ― | -871 | |||||||||
Balance at September 30, 2013, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 64 | $ | 331 | $ | 16,345 | |||||
(a) | Amounts represent purchase price adjustments related to the Progress Energy merger at USFE&G, a minor renewables acquisition at Commercial Power and the Chilean hydro acquisition at International Energy. See Note 2 for further information on purchase price adjustments related to the Progress Energy Merger. | ||||||||||||
Duke Energy Ohio | |||||||||||||
(in millions) | Franchised Electric & Gas | Commercial Power | Total | ||||||||||
Balance at December 31, 2012 | |||||||||||||
Goodwill | $ | 1,137 | $ | 1,188 | $ | 2,325 | |||||||
Accumulated impairment charges | -216 | -1,188 | -1,404 | ||||||||||
Balance at December 31, 2012, as adjusted for accumulated impairment charges | 921 | ― | 921 | ||||||||||
Foreign exchange and other changes | -1 | ― | -1 | ||||||||||
Balance at September 30, 2013 | |||||||||||||
Goodwill | 1,136 | 1,188 | 2,324 | ||||||||||
Accumulated impairment charges | -216 | -1,188 | -1,404 | ||||||||||
Balance at September 30, 2013, as adjusted for accumulated impairment charges | $ | 920 | $ | ― | $ | 920 | |||||||
Progress Energy | |||||||||||||
Progress Energy had Goodwill of $3,655 million within the Franchised Electric operating segment as of September 30, 2013 and December 31, 2012, for which there were no accumulated impairment charges. | |||||||||||||
Impairment Testing | |||||||||||||
Duke Energy, Progress Energy, and Duke Energy Ohio are required to perform an annual goodwill impairment test as of the same date each year and, accordingly, perform their annual impairment testing of goodwill as of August 31. Duke Energy, Progress Energy, and Duke Energy Ohio update their test between annual tests if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying value. As the fair value of Duke Energy, Progress Energy, and Duke Energy Ohio's reporting units exceeded their respective carrying values at the date of the annual impairment analysis, Duke Energy, Progress Energy, and Duke Energy Ohio did not record any impairment charges in the third quarter of 2013. |
Risk_Management_Derivative_Ins
Risk Management, Derivative Instruments and Hedging Activities | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Risk Management, Derivative Instruments And Hedging Activities [Abstract] | ' | ||||||||||||||||||||||
Risk Management, Derivative Instruments And Hedging Activities | ' | ||||||||||||||||||||||
8. RISK MANAGEMENT, DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | |||||||||||||||||||||||
The Duke Energy Registrants closely monitor risks associated with commodity price and interest rates changes on their operations. The Duke Energy Registrants use various commodity and interest rate instruments to manage these risks. Certain of these derivative instruments qualify for hedge accounting and are designated as hedging instruments. Other instruments either do not qualify for hedge accounting or have not been designated as hedges (hereinafter referred to as undesignated contracts). The Duke Energy Registrants' primary use of energy commodity derivatives is to hedge their generation portfolio against exposure to changes in the prices of electricity and fuel. Interest rate swaps are entered into to manage interest rate risk primarily associated with the Duke Energy Registrants' borrowings. Additionally, Duke Energy Carolinas', Duke Energy Progress' and Duke Energy Florida's nuclear decommissioning trust fund (NDTF) investment holdings may include certain derivative instruments, such as interest rate swaps and credit default swaps, as part of their overall investment strategies. The fair value of these derivative instruments are included within Nuclear decommissioning trust funds on the Condensed Consolidated Balance Sheets and are not material to the investment balances at September 30, 2013 and December 31, 2012. The remaining disclosures in this footnote do not reflect any derivatives included in the NDTFs as they are not material to the information presented. | |||||||||||||||||||||||
Accounting guidance requires the recognition of all derivative instruments not identified as NPNS as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets. For derivative instruments that qualify for hedge accounting, the Duke Energy Registrants may elect to designate such derivatives as either cash flow hedges or fair value hedges. The Duke Energy Registrants offset fair value amounts recognized on the Condensed Consolidated Balance Sheets related to derivative instruments executed with the same counterparty under the same master netting agreement. | |||||||||||||||||||||||
Within the Duke Energy Registrants' regulated businesses, gains and losses on all derivative contracts are reflected as regulatory liabilities or assets and not as a component of AOCI or current period income. As a result, changes in fair value of these derivatives have no immediate earnings impact. | |||||||||||||||||||||||
Within the Duke Energy Registrants' unregulated businesses, for derivative instruments that qualify for hedge accounting and are designated as cash flow hedges, the effective portion of gains or losses are reported as a component of AOCI. Amounts are subsequently reclassified from AOCI to earnings in the same period or periods during which the hedged transaction affects earnings. Any gains or losses on the derivative that represent either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. For derivative instruments that qualify and are designated as fair value hedges, gains or losses on the derivative and the fully or partially offsetting losses or gains on the hedged item are recognized in earnings in the current period. The Duke Energy Registrants include gains or losses on the derivative in the same line item as offsetting losses or gains on the hedged item in the Condensed Consolidated Statements of Operations. Additionally, the Duke Energy Registrants enter into derivative agreements that are economic hedges that either do not qualify for hedge accounting or have not been designated as hedges. The changes in fair value of these undesignated derivative instruments are reflected in current earnings. | |||||||||||||||||||||||
COMMODITY PRICE RISK | |||||||||||||||||||||||
The Duke Energy Registrants are exposed to the impact of changes in future prices of electricity (energy, capacity, and financial transmission rights), coal, and natural gas as a result of their operations. With respect to commodity price risks associated with electricity generation, the Duke Energy Registrants are exposed to changes including, but not limited to, the cost of the coal and natural gas used to generate electricity, the price of electricity sold in wholesale markets, and the cost of energy, capacity and financial transmission rights purchased for resale in wholesale markets. Exposure to commodity price risk is influenced by a number of factors, including, but not limited to, the term of contracts, the liquidity of markets, and delivery locations. | |||||||||||||||||||||||
Commodity Fair Value Hedges | |||||||||||||||||||||||
At September 30, 2013, no open commodity derivative instruments were designated as fair value hedges. | |||||||||||||||||||||||
Commodity Cash Flow Hedges | |||||||||||||||||||||||
At September 30, 2013, no material open commodity derivative instruments were designated as cash flow hedges. | |||||||||||||||||||||||
Undesignated Contracts | |||||||||||||||||||||||
The Duke Energy Registrants use derivative contracts as economic hedges to manage market risk exposures that arise from providing electricity generation and capacity to large energy customers, energy aggregators, retail customers, and other wholesale companies. Undesignated contracts may include contracts not designated as a hedge, contracts that do not qualify for hedge accounting, derivatives that do not or no longer qualify for the NPNS scope exception, and de-designated hedge contracts. These contracts expire as late as 2017. | |||||||||||||||||||||||
Undesignated contracts also include contracts associated with operations that Duke Energy continues to wind down or has included as discontinued operations. As these undesignated contracts expire as late as 2021, Duke Energy has entered into economic hedges that leave it minimally exposed to price changes over the duration of these contracts. | |||||||||||||||||||||||
Duke Energy Carolinas and Duke Energy Progress use derivative contracts as economic hedges to manage market risk exposures that arise from electricity generation. Duke Energy Carolinas and Duke Energy Progress have also entered into firm power sale agreements, which are accounted for as derivative instruments, as part of the Interim FERC Mitigation in connection with Duke Energy's merger with Progress Energy. Duke Energy Carolinas' undesignated contracts as of September 30, 2013, are primarily associated with forward sales and purchases of electricity. | |||||||||||||||||||||||
Duke Energy Florida uses derivative contracts primarily as economic hedges to manage market risk exposures that arise from electricity generation. Undesignated contracts at September 30, 2013, are primarily associated with forward purchases of natural gas. | |||||||||||||||||||||||
Duke Energy Ohio uses derivative contracts as economic hedges to manage market risk exposures that arise from providing electricity generation and capacity to large energy customers, energy aggregators, retail customers, and other wholesale companies. Undesignated contracts at September 30, 2013, are primarily associated with forward sales and purchases of power, coal, and natural gas. | |||||||||||||||||||||||
Duke Energy Indiana uses derivative contracts as economic hedges to manage market risk exposures that arise from electricity generation. Undesignated contracts at September 30, 2013, are primarily associated with forward purchases and sales of power and financial transmission rights. | |||||||||||||||||||||||
Volumes | |||||||||||||||||||||||
The tables below show information relating to the volume of the Duke Energy Registrants outstanding commodity derivative contracts. Amounts disclosed represent the notional volumes of commodity contracts accounted for at fair value. For option contracts, notional amounts which represent the notional volumes times the probability of exercising the option based on current price volatility. Volumes associated with contracts qualifying for and designated as NPNS have been excluded from the table below. Amounts disclosed represent the absolute value of notional amounts. The Duke Energy Registrants have netted contractual amounts where offsetting purchase and sale contracts exist with identical delivery locations and times of delivery. Where all commodity positions are perfectly offset, no quantities are shown. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||
Electricity-energy (Gigawatt-hours)(a) | 63,264 | 1,305 | 925 | 925 | ― | 59,662 | 702 | ||||||||||||||||
Natural gas (millions of decatherms) | 536 | ― | 336 | 129 | 207 | 200 | ― | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||
Electricity-energy (Gigawatt-hours)(a) | 52,104 | 2,028 | 1,850 | 1,850 | ― | 51,215 | 97 | ||||||||||||||||
Natural gas (millions of decatherms) | 528 | ― | 348 | 118 | 230 | 180 | ― | ||||||||||||||||
(a) | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy. | ||||||||||||||||||||||
INTEREST RATE RISK | |||||||||||||||||||||||
The Duke Energy Registrants are exposed to changes in interest rates as a result of their issuance or anticipated issuance of variable-rate and fixed-rate debt and commercial paper. Interest rate exposure is managed by limiting variable-rate instruments to a percentage of total debt and by monitoring changes in interest rates. To manage risk associated with changes in interest rates, the Duke Energy Registrants may enter into interest rate swaps, U.S. Treasury lock agreements, and other financial contracts. In anticipation of certain fixed-rate debt issuances, a series of forward starting interest rate swaps may be executed to lock in components of current market interest rates. These instruments are later terminated prior to or upon the issuance of the corresponding debt. When these transactions occur within a business that meets the criteria for regulatory accounting treatment, these contracts may be treated as undesignated and any pretax gain or loss recognized from inception to termination of the hedges would be recorded as a regulatory liability or asset and amortized as a component of interest expense over the life of the debt. In businesses that don't meet the criteria for regulatory accounting treatment, these derivatives may be designated as hedges whereby any pretax gain or loss recognized from inception to termination of the hedges would be recorded in AOCI and amortized as a component of interest expense over the life of the debt. | |||||||||||||||||||||||
Duke Energy has a combination foreign exchange, pay fixed-receive floating interest rate swap to fix the US Dollar equivalent payments on a floating rate Chilean debt issue. | |||||||||||||||||||||||
The following tables show notional amounts for derivatives related to interest rate risk. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
Cash flow hedges(a)(b) | $ | 1,190 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||
Undesignated contracts | 34 | ― | ― | 27 | ― | ||||||||||||||||||
Total notional amount | $ | 1,224 | $ | ― | $ | ― | $ | 27 | $ | ― | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||
Undesignated contracts | 290 | 50 | 50 | 27 | 200 | ||||||||||||||||||
Fair value hedges | 250 | ― | ― | 250 | ― | ||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | |||||||||||||
(a) | Duke Energy includes amounts related to non-recourse variable rate long-term debt of VIEs of $602 million and $620 million at September 30, 2013, and at December 31, 2012, respectively. | ||||||||||||||||||||||
(b) | In October 2013, $375 million of interest rate swaps designated as cash flow hedges at Duke Energy were terminated due to a new debt issuance. See Note 6 for more information. | ||||||||||||||||||||||
DUKE ENERGY | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | 1 | $ | ― | $ | 2 | |||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | ― | ― | 1 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Assets: Other | ― | ― | 2 | ― | |||||||||||||||||||
Investments and Other Assets: Other | 21 | ― | 7 | ― | |||||||||||||||||||
Current Liabilities: Other | ― | 52 | ― | 81 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 14 | ― | 35 | |||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 21 | 67 | 9 | 119 | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Assets: Other | 46 | 1 | 41 | 2 | |||||||||||||||||||
Investments and Other Assets: Other | 167 | 104 | 106 | 50 | |||||||||||||||||||
Current Liabilities: Other | 136 | 372 | 106 | 407 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 4 | 171 | 2 | 255 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Liabilities: Other | ― | 1 | ― | 76 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 4 | ― | 8 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 353 | 653 | 255 | 798 | |||||||||||||||||||
Total Derivatives | $ | 374 | $ | 720 | $ | 264 | $ | 917 | |||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy's financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements, or with an Independent System Operator (ISO) such as MISO or PJM. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Duke Energy may also have available accounts receivable or accounts payable that are subject to master netting agreements that would offset exposures in the event of bankruptcy. These amount are not included in the table below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 159 | $ | 175 | $ | 338 | $ | 265 | |||||||||||||||
Gross amounts offset | -142 | -108 | -168 | -122 | |||||||||||||||||||
Net amount subject to master netting | 17 | 67 | 170 | 143 | |||||||||||||||||||
Amounts not subject to master netting | 23 | 17 | 89 | 28 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 40 | (a) | $ | 84 | (b) | $ | 259 | (c) | $ | 171 | (d) | |||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 127 | $ | 96 | $ | 402 | $ | 295 | |||||||||||||||
Gross amounts offset | -114 | -54 | -151 | -90 | |||||||||||||||||||
Net amounts subject to master netting | 13 | 42 | 251 | 205 | |||||||||||||||||||
Amounts not subject to master netting | 22 | 19 | 166 | 54 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 35 | (a) | $ | 61 | (b) | $ | 417 | (c) | $ | 259 | (d) | |||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
The amounts of gains and losses recognized on derivative instruments designated and qualifying as cash flow hedges by type of derivative contract, and the Condensed Consolidated Statements of Operations line items in which such gains and losses were included when reclassified from AOCI were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||||
Interest rate contracts | $ | ― | $ | -4 | |||||||||||||||||||
Commodity contracts | ― | 1 | |||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | ― | $ | -3 | |||||||||||||||||||
Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||
Interest rate contracts(b) | |||||||||||||||||||||||
Interest expense | $ | ― | $ | 2 | |||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | ― | $ | 2 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||||
Interest rate contracts | $ | 71 | $ | -30 | |||||||||||||||||||
Commodity contracts | 1 | 1 | |||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 72 | $ | -29 | |||||||||||||||||||
Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||
Interest rate contracts(b) | |||||||||||||||||||||||
Interest expense | $ | -2 | $ | ― | |||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -2 | $ | ― | |||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationship and reclassified into earnings during the current period. | ||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
There was no hedge ineffectiveness during the three and nine months ended September 30, 2013 and 2012, and no gains or losses were excluded from the assessment of hedge effectiveness during the same periods. | |||||||||||||||||||||||
At September 30, 2013 and 2012, $65 million and $136 million, respectively, of pretax deferred net losses on derivative instruments related to interest rate cash flow hedges were included as a component of AOCI. A $1 million pretax loss is expected to be recognized in earnings during the next 12 months as the hedged transactions occur. | |||||||||||||||||||||||
The amounts of pretax gains and losses recognized on undesignated contracts by type of derivative instrument, and the line items in the Condensed Consolidated Statements of Operations in which such gains and losses were included or deferred on the Condensed Consolidated Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Revenue: Regulated electric | $ | 3 | $ | -22 | |||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | -7 | -28 | |||||||||||||||||||||
Other income and expenses | ― | -1 | |||||||||||||||||||||
Fuel used in electric generation and purchased power - regulated | -68 | -135 | |||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -2 | ― | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -4 | -4 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -78 | $ | -190 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Regulatory assets | $ | -29 | $ | 61 | |||||||||||||||||||
Regulatory liabilities | 6 | 12 | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Regulatory assets | 12 | 7 | |||||||||||||||||||||
Total Pretax Losses Recognized as Regulatory Assets or Liabilities | $ | -11 | $ | 80 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Revenue: Regulated electric | $ | 10 | $ | -22 | |||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | -15 | 8 | |||||||||||||||||||||
Other income and expenses | ― | -1 | |||||||||||||||||||||
Fuel used in electric generation and purchased power - regulated(a) | -157 | -135 | |||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -20 | ― | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -13 | -4 | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -195 | $ | -154 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -34 | $ | 61 | |||||||||||||||||||
Regulatory liabilities | 10 | 34 | |||||||||||||||||||||
Interest rate contracts(c) | |||||||||||||||||||||||
Regulatory assets | 51 | -3 | |||||||||||||||||||||
Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 27 | $ | 92 | |||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(b) | Amounts are recorded as regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
DUKE ENERGY CAROLINAS | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy Carolinas nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts(a) | |||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | 3 | $ | ― | $ | 6 | |||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 1 | ― | 6 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | ― | 4 | ― | 12 | |||||||||||||||||||
Total Derivatives | $ | ― | $ | 4 | $ | ― | $ | 12 | |||||||||||||||
(a) | Substantially all of these contracts receive regulatory accounting treatment. | ||||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy Carolinas' financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Duke Energy Carolinas may also have available accounts receivable or accounts payable to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | 3 | 1 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | $ | ― | $ | 3 | (a) | $ | 1 | (b) | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | 6 | 6 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | $ | ― | $ | 6 | (a) | $ | 6 | (b) | |||||||||||||
(a) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
Losses on cash flow hedges reclassified at Duke Energy Carolinas for the three and nine months ended September 30, 2013 and 2012 were not material. | |||||||||||||||||||||||
For the three and nine months ended September 30, 2013 and 2012, Duke Energy Carolinas had $22 million and $23 million, respectively, of pretax deferred net losses on settled interest rate cash flow hedges remaining in AOCI. | |||||||||||||||||||||||
For the three and nine months ended September 30, 2013, pretax losses recognized on undesignated contracts for Duke Energy Carolinas were insignificant. For the three and nine months ended September 30, 2012, pretax losses recognized on undesignated contracts for Duke Energy Carolinas were $13 million. | |||||||||||||||||||||||
PROGRESS ENERGY | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Progress Energy nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 2 | |||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 1 | ― | 1 | |||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 1 | ― | 3 | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts(a) | |||||||||||||||||||||||
Current Assets: Other | ― | ― | 3 | ― | |||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 8 | ― | |||||||||||||||||||
Current Liabilities: Other | 1 | 159 | ― | 231 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 2 | 125 | ― | 195 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 11 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 3 | 284 | 11 | 437 | |||||||||||||||||||
Total Derivatives | $ | 3 | $ | 285 | $ | 11 | $ | 440 | |||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | ||||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Progress Energy's financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Progress Energy may also have available accounts receivable or accounts payables to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 2 | $ | 159 | $ | 122 | |||||||||||||||
Gross amounts offset | -1 | -1 | -13 | -15 | |||||||||||||||||||
Net amount subject to master netting | ― | 1 | 146 | 107 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | 4 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | (a) | $ | 1 | (b) | $ | 146 | (c) | $ | 111 | (d) | |||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 3 | $ | 8 | $ | 244 | $ | 192 | |||||||||||||||
Gross amounts offset | ― | ― | -22 | -36 | |||||||||||||||||||
Net amount subject to master netting | 3 | 8 | 222 | 156 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | 4 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 3 | (a) | $ | 8 | (b) | $ | 222 | (c) | $ | 160 | (d) | |||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
The amounts of gains and losses recognized on derivative instruments designated and qualifying as cash flow hedges by type of derivative contract, and the Condensed Consolidated Statements of Operations and Comprehensive Income line items in which such gains and losses were included when reclassified from AOCI were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Pretax Losses Recorded in AOCI | |||||||||||||||||||||||
Commodity contracts | ― | 1 | |||||||||||||||||||||
Total Pretax Losses Recorded in AOCI | $ | ― | $ | 1 | |||||||||||||||||||
Location of Pretax Losses Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||
Interest rate contracts(b) | |||||||||||||||||||||||
Interest expense | $ | -5 | $ | -2 | |||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -5 | $ | -2 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||||
Interest rate contracts | $ | ― | $ | -11 | |||||||||||||||||||
Commodity contracts | 1 | 1 | |||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -10 | |||||||||||||||||||
Location of Pretax Losses Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||
Interest rate contracts(b) | |||||||||||||||||||||||
Interest expense | $ | -5 | $ | -12 | |||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -5 | $ | -12 | |||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationships and reclassified into earnings during the current period. | ||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
At September 30, 2013 and 2012, $60 million and $71 million, respectively, of pretax deferred net losses on derivative instruments related to interest rate cash flow hedges were included as a component of AOCI. A $5 million pretax loss is expected to be recognized in earnings during the next 12 months as the hedged transactions occur. Effective with the Duke Energy merger, Progress Energy no longer designates interest rate contracts for regulated operations as cash flow hedges. As a result, pretax losses on open derivative contracts as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||
The amounts of pretax gains and losses recognized on undesignated contracts by type of derivative instrument, and the line items in the Consolidated Statements of Operations and Comprehensive Income in which such gains and losses were included or deferred on the Condensed Consolidated Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Operating revenues | $ | 3 | $ | -9 | |||||||||||||||||||
Fuel used in electric generation and purchased power(a) | -68 | -135 | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -4 | -4 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -69 | $ | -148 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -31 | $ | 60 | |||||||||||||||||||
Interest rate contracts(c) | |||||||||||||||||||||||
Regulatory assets | 4 | 2 | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -27 | $ | 62 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Operating revenues | $ | 10 | $ | -9 | |||||||||||||||||||
Fuel used in electric generation and purchased power(a) | -157 | -395 | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -13 | -4 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -160 | $ | -408 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -34 | $ | -108 | |||||||||||||||||||
Interest rate contracts(c) | |||||||||||||||||||||||
Regulatory assets | 13 | 2 | |||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | -21 | $ | -106 | |||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(b) | Amounts are recorded as regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
DUKE ENERGY PROGRESS | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy Progress nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 1 | |||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | ― | ― | 1 | |||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | ― | 2 | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts(a) | |||||||||||||||||||||||
Current Assets: Other | ― | ― | 1 | ― | |||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 1 | ― | |||||||||||||||||||
Current Liabilities: Other | ― | 65 | ― | 85 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 43 | ― | 68 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 11 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 1 | 108 | 2 | 164 | |||||||||||||||||||
Total Derivatives | $ | 1 | $ | 108 | $ | 2 | $ | 166 | |||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | ||||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy Progress' financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Duke Energy Progress may also have available accounts receivable or accounts payable to offset exposures in the events of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | ― | $ | 1 | $ | 65 | $ | 43 | |||||||||||||||
Gross amounts offset | ― | ― | -3 | -2 | |||||||||||||||||||
Net amount subject to master netting | ― | 1 | 62 | 41 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | (a) | $ | 1 | (b) | $ | 62 | (c) | $ | 41 | (d) | |||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 97 | $ | 69 | |||||||||||||||
Gross amounts offset | ― | ― | -2 | -7 | |||||||||||||||||||
Net amount subject to master netting | 1 | 1 | 95 | 62 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 1 | (a) | $ | 1 | (b) | $ | 95 | (c) | $ | 62 | (d) | |||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
The amounts of gains and losses recognized on derivative instruments designated and qualifying as cash flow hedges by type of derivative contract, and the Condensed Consolidated Statements of Operations and Comprehensive Income line items in which such gains and losses were included when reclassified from AOCI were as follows. | |||||||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Pretax Gains and (Losses) Recorded in AOCI | |||||||||||||||||||||||
Interest rate contracts(b) | $ | ― | $ | -7 | |||||||||||||||||||
Total Pretax Losses Recorded in AOCI | $ | ― | $ | -7 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | $ | ― | $ | -5 | |||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | ― | $ | -5 | |||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationships and reclassified into earnings during the current period. | ||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
At September 30, 2012, $1 million of pretax deferred net losses on derivative instruments related to interest rate cash flow hedges were included as a component of AOCI. Effective with the Duke Energy merger, Duke Energy Progress no longer designates interest rate contracts for regulated operations as cash flow hedges. As a result, pretax losses on open derivative contracts as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||
The amounts of pretax gains and losses recognized on undesignated contracts by type of derivative instrument and the line items in the Condensed Consolidated Statements of Operations and Comprehensive Income in which such gains and losses were included or deferred on the Condensed Consolidated Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Operating revenues | $ | 3 | $ | -9 | |||||||||||||||||||
Fuel used in electric generation and purchased power (a) | -24 | -35 | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -3 | -3 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -24 | $ | -47 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -11 | $ | 15 | |||||||||||||||||||
Interest rate contracts(c) | |||||||||||||||||||||||
Regulatory asses | 3 | 2 | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -8 | $ | 17 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Operating revenues | $ | 10 | $ | -9 | |||||||||||||||||||
Fuel used in electric generation and purchased power(a) | -53 | -100 | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -9 | -3 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -52 | $ | -112 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -18 | $ | -34 | |||||||||||||||||||
Interest rate contracts(c) | |||||||||||||||||||||||
Regulatory assets | 10 | 2 | |||||||||||||||||||||
Total Pretax Losses Recognized as Regulatory Assets or Liabilities | $ | -8 | $ | -32 | |||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(b) | Amounts are recorded in regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
DUKE ENERGY FLORIDA | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Balance Sheets on which they were included were as follows. The fair value of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy Florida nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 1 | |||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | ― | 1 | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts(a) | |||||||||||||||||||||||
Current Assets: Other | ― | ― | 2 | ― | |||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 7 | ― | |||||||||||||||||||
Current Liabilities: Other | 1 | 94 | ― | 146 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 79 | ― | 123 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 2 | 173 | 9 | 269 | |||||||||||||||||||
Total Derivatives | $ | 2 | $ | 173 | $ | 9 | $ | 270 | |||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | ||||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy Florida's financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Duke Energy Florida may also have available accounts receivable or accounts payable to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 94 | $ | 79 | |||||||||||||||
Gross amounts offset | -1 | -1 | -10 | -13 | |||||||||||||||||||
Net amount subject to master netting | ― | ― | 84 | 66 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Balance Sheet | $ | ― | (a) | $ | ― | (b) | $ | 84 | (c) | $ | 66 | (d) | |||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 2 | $ | 7 | $ | 147 | $ | 123 | |||||||||||||||
Gross amounts offset | ― | ― | -20 | -29 | |||||||||||||||||||
Net amount subject to master netting | 2 | 7 | 127 | 94 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Balance Sheet | $ | 2 | (a) | $ | 7 | (b) | $ | 127 | (c) | $ | 94 | (d) | |||||||||||
(a) | Included in Other within Current Assets on the Condensed Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Balance Sheet. | ||||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Balance Sheet. | ||||||||||||||||||||||
Gains on cash flow hedges recorded or reclassified at Duke Energy Florida for the three months and nine months ended September 30, 2013 and 2012 were not material. | |||||||||||||||||||||||
At September 30, 2012, $1 million of pretax deferred net losses on derivative instruments related to outstanding interest rate cash flow hedges were included as a component of AOCI. Effective with the Duke Energy merger, Duke Energy Florida no longer designates interest rate contracts for regulated operations as cash flow hedges. As a result, pretax losses on open derivative contracts as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||
The amounts of pretax gains and losses recognized on undesignated contracts by type of derivative instrument and the line items in the Condensed Statements of Operations and Comprehensive Income in which such gains and losses were included or deferred on the Condensed Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Fuel used in electric generation and purchased power(a) | $ | -45 | $ | -100 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -1 | -1 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -46 | $ | -101 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -19 | $ | 45 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Regulatory assets | 1 | ― | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -18 | $ | 45 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Fuel used in electric generation and purchased power(a) | $ | -105 | $ | -295 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -3 | -1 | |||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -108 | $ | -296 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts(b) | |||||||||||||||||||||||
Regulatory assets | $ | -16 | $ | -74 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Regulatory assets | 3 | ― | |||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | -13 | $ | -74 | |||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
(b) | Amounts are recorded in regulatory assets and liabilities in the Condensed Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | ||||||||||||||||||||||
DUKE ENERGY OHIO | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy Ohio nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Assets: Other | $ | $ | ― | $ | 2 | $ | ― | ||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | 2 | ― | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Current Assets: Other | 21 | 6 | 31 | 4 | |||||||||||||||||||
Investments and Other Assets: Other | 158 | 103 | 81 | 51 | |||||||||||||||||||
Current Liabilities: Other | 134 | 160 | 106 | 132 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 17 | ― | 4 | |||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 1 | |||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 4 | ― | 7 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 314 | 290 | 218 | 199 | |||||||||||||||||||
Total Derivatives | $ | 314 | $ | 290 | $ | 220 | $ | 199 | |||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy Ohio's financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements, or with an ISO such as MISO or PJM. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. Duke Energy Ohio may also have available accounts receivable or accounts payable to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 155 | $ | 159 | $ | 165 | $ | 120 | |||||||||||||||
Gross amounts offset | -141 | -105 | -154 | -105 | |||||||||||||||||||
Net amount subject to master netting | 14 | 54 | 11 | 15 | |||||||||||||||||||
Amounts not subject to master netting | ― | ― | 1 | 4 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 14 | (a) | $ | 54 | (b) | $ | 12 | (c) | $ | 19 | (d) | |||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 137 | $ | 81 | $ | 136 | $ | 55 | |||||||||||||||
Gross amounts offset | -110 | -51 | -125 | -51 | |||||||||||||||||||
Net amount subject to master netting | 27 | 30 | 11 | 4 | |||||||||||||||||||
Amounts not subject to master netting | 2 | ― | 1 | 7 | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 29 | (a) | $ | 30 | (b) | $ | 12 | (c) | $ | 11 | (d) | |||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
There were no gains or losses on cash flow hedges recorded or reclassified at Duke Energy Ohio for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, Duke Energy Ohio had no pretax deferred net gains or losses on derivative instruments related to cash flow hedges remaining in AOCI. | |||||||||||||||||||||||
The amounts of the pretax gains and losses recognized on undesignated contracts by type of derivative instrument, and the line items in the Condensed Consolidated Statements of Operations and Comprehensive Income in which such gains and losses were included or deferred on the Condensed Consolidated Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | $ | 5 | $ | -42 | |||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -2 | ― | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | 3 | $ | -42 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | $ | -8 | $ | 33 | |||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -20 | ― | |||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Interest expense | -1 | -1 | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -29 | $ | 32 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -2 | |||||||||||||||||||
Regulatory liabilities | 1 | ||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Regulatory assets | 3 | ― | |||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 3 | $ | -1 | |||||||||||||||||||
DUKE ENERGY INDIANA | |||||||||||||||||||||||
The fair value amounts of derivative contracts, and the line items in the Condensed Consolidated Balance Sheets on which they were included were as follows. The fair values of derivative contracts are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Duke Energy Indiana nets the fair value of derivative contracts subject to master netting arrangements with the same counterparty on the Condensed Consolidated Balance Sheets. Cash collateral associated with the derivative contracts were not netted against the fair value amounts in this table. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | |||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||
Commodity contracts(a) | |||||||||||||||||||||||
Current Assets: Other | $ | 14 | $ | ― | $ | 10 | $ | ― | |||||||||||||||
Interest rate contracts | |||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 63 | |||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 14 | ― | 10 | 63 | |||||||||||||||||||
Total Derivatives | $ | 14 | $ | ― | $ | 10 | $ | 63 | |||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | ||||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on Duke Energy Indiana's financial position. The amounts shown were calculated by counterparty. | |||||||||||||||||||||||
Most derivatives are entered into with counterparties under enforceable master netting agreements. Derivatives entered into with a clearinghouse are usually over-collateralized due to the requirement to post initial margin upon entering into contracts. The amounts shown as offset are limited by the amount of exposure to a counterparty such that an over collateralized position at one counterparty is not allowed to reduce an under collateralized position at another counterparty. In addition to the amounts shown as offset in the table, Duke Energy Indiana may also have available accounts receivable or accounts payable to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Gross amounts recognized | $ | 14 | $ | ― | $ | ― | $ | ― | |||||||||||||||
Net amount subject to master netting | 14 | ― | ― | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 14 | (a) | $ | ― | $ | ― | (b) | $ | ― | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||
Amounts not subject to master netting | 10 | ― | 63 | ― | |||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 10 | (a) | $ | ― | $ | 63 | (b) | $ | ― | |||||||||||||
(a) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
(b) | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||
Gains on cash flow hedges reclassified at Duke Energy Indiana for the three and nine months ended September 30, 2013 and 2012 were not material. | |||||||||||||||||||||||
Pretax deferred net gains or losses on derivative instruments related to cash flow hedges remaining in AOCI for Duke Energy Indiana were not material at September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||
The amounts of the pretax gains and losses recognized on undesignated contracts by type of derivative instrument and line items in the Condensed Consolidated Statements of Operations and Comprehensive Income in which such gains and losses were included or deferred on the Condensed Consolidated Balance Sheets as regulatory assets or liabilities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Regulatory assets | $ | 2 | $ | 11 | |||||||||||||||||||
Regulatory liabilities | 6 | ― | |||||||||||||||||||||
Interest rate contracts(a) | |||||||||||||||||||||||
Regulatory assets | 6 | 4 | |||||||||||||||||||||
Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 14 | $ | 15 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Operating Revenues | $ | 1 | $ | ― | |||||||||||||||||||
Fuel used in electric generation and purchased power | ― | 2 | |||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | 1 | $ | 2 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||
Commodity contracts | |||||||||||||||||||||||
Regulatory liabilities | 10 | 33 | |||||||||||||||||||||
Interest rate contracts(a) | |||||||||||||||||||||||
Regulatory assets | 34 | -5 | |||||||||||||||||||||
Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 44 | $ | 28 | |||||||||||||||||||
(a) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | ||||||||||||||||||||||
CREDIT RISK | |||||||||||||||||||||||
Certain of the Duke Energy Registrants' derivative contracts contain contingent credit features. These features may include (i) material adverse change clauses or payment acceleration clauses that could result in immediate payments, (ii) the posting of letters of credit or termination of the derivative contract before maturity if specific events occur, such as a credit rating downgrade below investment grade. | |||||||||||||||||||||||
The following tables show information with respect to derivative contracts that are in a net liability position and contain objective credit-risk related payment provisions. | |||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | ||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | |||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | ||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | ||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||
Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | ||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | ||||||||||||||||||
The Duke Energy Registrants have elected to offset cash collateral and fair values of derivative instruments. For amounts to be netted, the derivative instruments must be executed with the same counterparty under the same master netting agreement. Amounts disclosed in the table below represent the receivables related to the right to reclaim cash collateral and payables related to the obligation to return cash collateral under master netting arrangements. See Note 10 for additional information on fair value disclosures related to derivatives. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | |||||||||||||||||||
Duke Energy | |||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | |||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | |||||||||||||||||||
Progress Energy | |||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | |||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | |||||||||||||||||||
Duke Energy Progress | |||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | |||||||||||||||||||
Duke Energy Florida | |||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | |||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | |||||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | |||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | |||||||||||||||||||
Duke Energy Indiana | |||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | |||||||||||||||||||
Fair_Value_of_Financial_Assets
Fair Value of Financial Assets and Liabilities | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Fair Value Of Financial Assets And Liabilities [Abstract] | ' | |||||||||||||
Fair Value Of Financial Assets And Liabilities | ' | |||||||||||||
10. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES | ||||||||||||||
Under existing accounting guidance, fair value is considered to be the exchange price in an orderly transaction between market participants to sell an asset or transfer a liability at the measurement date. The fair value definition focuses on an exit price. An exit price is the price that would be received to sell an asset or paid to transfer a liability. Fair value measurements require use of market data or assumptions market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, corroborated by market data, or generally unobservable. Valuation techniques are required to maximize use of observable inputs and minimize use of unobservable inputs. A midmarket pricing convention (the midpoint price between bid and ask prices) is permitted for use as a practical expedient. | ||||||||||||||
The Duke Energy Registrants classify recurring and non-recurring fair value measurements based on the fair value hierarchy. The hierarchy is prescribed by the accounting guidance for fair value. The hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels. | ||||||||||||||
Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities an entity has the ability to access. An active market is one in which transactions for an asset or liability occur with sufficient frequency and volume to provide ongoing pricing information. | ||||||||||||||
Level 2—A fair value measurement utilizing inputs other than a quoted market price that are observable, either directly or indirectly, for an asset or liability. Level 2 inputs include, but are not limited to, (i) quoted prices for similar assets or liabilities in an active market, (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, and (iii) inputs other than quoted market prices that are observable for the asset or liability, such as interest rate curves and yield curves observable at commonly quoted intervals, volatilities, credit risk and default rates. A Level 2 measurement cannot have more than an insignificant portion of its valuation based on unobservable inputs. Instruments in this category include non-exchange-traded derivatives, such as over-the-counter forwards, swaps and options; certain marketable debt securities; and financial instruments traded in less than active markets. | ||||||||||||||
Level 3—Any fair value measurement which includes unobservable inputs for an asset or liability for more than an insignificant portion of the valuation. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value. Level 3 instruments may include longer-term instruments that extend into periods in which quoted prices or other observable inputs are not available. | ||||||||||||||
The fair value accounting guidance for financial instruments permits entities to elect to measure many financial instruments and certain other items at fair value that are not required to be accounted for at fair value under other GAAP. The Duke Energy Registrants have not elected to record any of these items at fair value. However, in the future, the Duke Energy Registrants may elect to measure certain financial instruments at fair value in accordance with this accounting guidance. | ||||||||||||||
Transfers between levels represent (i) assets or liabilities previously categorized as a higher level for which the inputs to the estimate became less observable or (ii) assets and liabilities that were previously classified as Level 2 or 3 for which the lowest significant input became more observable during the period. The Duke Energy Registrant's policy is to recognize transfers between levels of the fair value hierarchy at the end of the period. There were transfers out of level 3 at Duke Energy, Progress Energy, and Duke Energy Florida due to observability of inputs during the three and nine months ended September 30, 2013. | ||||||||||||||
Investments in equity securities | ||||||||||||||
Investments in equity securities, other than those accounted for as equity and cost method investments, are typically valued at the closing price in the principal active market as of the last business day of the reporting period. Principal active markets for equity prices include published exchanges such as NASDAQ and NYSE. Foreign equity prices are translated from their trading currency using the currency exchange rate in effect at the close of the principal active market. Prices have not been adjusted to reflect after-hours market activity. The majority of investments in equity securities are valued using Level 1 measurements. When (i) the Duke Energy Registrants lack the ability to redeem investments valued on a net asset value per share basis at net asset value per share in the near future or (ii) net asset value per share is not available at the measurement date, the fair value measurement of the investment is categorized as Level 3. | ||||||||||||||
Investments in available-for-sale auction rate securities | ||||||||||||||
Duke Energy and Duke Energy Carolinas hold auction rate securities for which an active market does not currently exist. Auction rate securities held are student loan securities. At September 30, 2013, approximately 80 percent are ultimately backed by the U.S. government and approximately 18 percent of these securities are AAA rated. As of September 30, 2013 and December 31, 2012, all of these auction rate securities are classified as long-term investments and are valued using Level 3 measurements. The methods and significant assumptions used to determine the fair values of the investment in auction rate debt securities represent estimations of fair value using internal discounted cash flow models. These models incorporate primarily management's own assumptions as to the term over which such investments will be recovered at par (ranging from 10 to 19 years), the current level of interest rates (less than 0.2%), and the appropriate risk-adjusted discount rates (up to 5.6% reflecting a tenor of up to 19 years). In preparing the valuations, all significant value drivers were considered, including the underlying collateral (primarily evaluated on the basis of credit ratings, parity ratios, and the percentage of loans backed by the U.S. government). | ||||||||||||||
There were no other-than-temporary impairments associated with investments in auction rate debt securities during the three and nine months ended September 30, 2013 or 2012. | ||||||||||||||
Investments in debt securities | ||||||||||||||
Most debt investments are valued based on a calculation using interest rate curves and credit spreads applied to the terms of the debt instrument (maturity and coupon interest rate) and consider the counterparty credit rating. Most debt valuations are Level 2 measurements. If the market for a particular fixed income security is relatively inactive or illiquid, the measurement is Level 3. U.S. Treasury debt is typically Level 1. | ||||||||||||||
Commodity derivatives | ||||||||||||||
The pricing for commodity derivatives is primarily a calculated value that incorporates forward prices and is adjusted for liquidity (bid-ask spread), credit or non-performance risk (after reflecting credit enhancements such as collateral), and discounted to present value. The primary difference between a Level 2 and a Level 3 measurement relates to the level of activity in forward markets for the commodity. If the market is relatively inactive, the measurement is deemed to be Level 3. Commodity derivatives with clearinghouses are classified as Level 1. For commodity derivative contracts classified as Level 3, Duke Energy utilizes internally-developed financial models based upon the income approach (discounted cash flow method) to measure fair values. The primary inputs to these models are forward commodity prices used to develop forward price curves for the respective instrument. Pricing inputs are derived from published exchange transaction prices and other observable or public data sources. In the absence of observable market information that supports the pricing inputs, there is a presumption the transaction price is equal to the last observable price for a similar period. For commodity derivative contracts classified as Level 3, pricing inputs for natural gas and electricity forward price curves are not observable for the full term of the related contracts. In isolation, increases (decreases) in unobservable natural gas forward prices would result in favorable (unfavorable) fair value adjustments for gas purchase contracts. In isolation, increases (decreases) in unobservable electricity forward prices would result in unfavorable (favorable) fair value adjustments for electricity sales contracts. Duke Energy regularly evaluates and validates pricing inputs used to estimate fair value of gas purchase contracts by a market participant price verification procedure. This procedure provides a comparison of internal forward commodity curves to market participant generated curves. | ||||||||||||||
Interest rate derivatives | ||||||||||||||
Most over-the-counter interest rate contract derivatives are valued using financial systems that utilize observable inputs for similar instruments and are classified as Level 2. Such systems are standard in the market and are commonly used across industries to value derivative contracts. The Duke Energy Registrants utilize various inputs and factors including market data and assumptions market participants would use in pricing assets or liabilities as well as assumptions about risks inherent in the inputs to valuation technique. Inputs and factors may include forward interest rate curves, notional amounts, interest rates and credit quality of the Duke Energy Registrants and their counterparties. | ||||||||||||||
Goodwill and Long-lived Assets | ||||||||||||||
See Note 12, Goodwill and Intangible Assets, to the Consolidated Financial Statements included in Duke Energy's Annual Report on Form 10-K for the year ended December 31, 2012 for a discussion of the valuation of goodwill and long-lived assets. | ||||||||||||||
DUKE ENERGY | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy's Condensed Consolidated Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral, which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 25 | $ | ― | $ | ― | $ | 25 | ||||||
Nuclear decommissioning trust fund equity securities | 3,280 | 3,199 | 59 | 22 | ||||||||||
Nuclear decommissioning trust fund debt securities | 1,525 | 392 | 1,083 | 50 | ||||||||||
Other trading and available-for-sale equity securities(b) | 93 | 83 | 10 | ― | ||||||||||
Other trading and available-for-sale debt securities(c) | 414 | 57 | 357 | ― | ||||||||||
Derivative assets(b) | 127 | 32 | 22 | 73 | ||||||||||
Total assets | 5,464 | 3,763 | 1,531 | 170 | ||||||||||
Derivative liabilities(d) | -473 | -15 | -347 | -111 | ||||||||||
Net assets | $ | 4,991 | $ | 3,748 | $ | 1,184 | $ | 59 | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 29 | $ | ― | $ | ― | $ | 29 | ||||||
Nuclear decommissioning trust fund equity securities | 2,837 | 2,762 | 54 | 21 | ||||||||||
Nuclear decommissioning trust fund debt securities | 1,405 | 317 | 1,040 | 48 | ||||||||||
Other trading and available-for-sale equity securities(b) | 72 | 63 | 9 | ― | ||||||||||
Other trading and available-for-sale debt securities(c) | 602 | 40 | 562 | ― | ||||||||||
Derivative assets(b) | 103 | 18 | 22 | 63 | ||||||||||
Total assets | 5,048 | 3,200 | 1,687 | 161 | ||||||||||
Derivative liabilities(d) | -756 | -17 | -591 | -148 | ||||||||||
Net assets | $ | 4,292 | $ | 3,183 | $ | 1,096 | $ | 13 | ||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | |||||||||||||
(c) | Included in Other within Investments and Other Assets and Short-term Investments on the Condensed Consolidated Balance Sheets. | |||||||||||||
(d) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at June 30, 2013 | $ | 26 | $ | 71 | $ | -87 | $ | 10 | ||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | ― | 4 | 4 | ||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | 9 | 9 | ||||||||||
Total pretax gains included in other comprehensive income: | ||||||||||||||
Gains on available for sale securities and other | 1 | ― | ― | 1 | ||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 2 | ― | 2 | ||||||||||
Sales | ― | -2 | ― | -2 | ||||||||||
Issuances | ― | ― | 4 | 4 | ||||||||||
Settlements | -2 | ― | -3 | -5 | ||||||||||
Transfers in and out of Level 3 due to observability of inputs | ― | ― | 34 | 34 | ||||||||||
Total gains (losses) included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | 1 | 2 | ||||||||||
Balance at September 30, 2013 | $ | 25 | $ | 72 | $ | -38 | $ | 59 | ||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Revenue: Regulated electric | $ | ― | $ | ― | $ | 3 | $ | 3 | ||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -2 | -2 | ||||||||||
Total | $ | ― | $ | ― | $ | 1 | $ | 1 | ||||||
Three Months Ended September 30, 2012 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at June 30, 2012 | $ | 41 | $ | 64 | $ | -19 | $ | 86 | ||||||
Amounts acquired in Progress Merger | ― | ― | -30 | -30 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | ― | 12 | 12 | ||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -6 | -6 | ||||||||||
Total pretax gains included in other comprehensive income: | ||||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 1 | ― | 1 | ||||||||||
Issuances | ― | ― | -24 | -24 | ||||||||||
Settlements | ― | -10 | -10 | |||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | 2 | 3 | ||||||||||
Balance at September 30, 2012 | $ | 41 | $ | 66 | $ | -75 | $ | 32 | ||||||
Nine Months Ended September 30, 2013 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at December 31, 2012 | $ | 29 | $ | 69 | $ | -85 | $ | 13 | ||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | ― | 5 | 5 | ||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -13 | -13 | ||||||||||
Total pretax gains included in other comprehensive income: | ||||||||||||||
Losses on available for sale securities and other | -1 | ― | ― | -1 | ||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 5 | 21 | 26 | ||||||||||
Sales | ― | -5 | ― | -5 | ||||||||||
Issuances | ― | ― | 9 | 9 | ||||||||||
Settlements | -3 | ― | -5 | -8 | ||||||||||
Transfers in and out of Level 3 due to observability of inputs | ― | ― | 34 | 34 | ||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | -4 | -1 | ||||||||||
Balance at September 30, 2013 | $ | 25 | $ | 72 | $ | -38 | $ | 59 | ||||||
Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Revenue: Regulated electric | $ | ― | $ | ― | $ | 5 | $ | 5 | ||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -26 | -26 | ||||||||||
Total | $ | ― | $ | ― | $ | -21 | $ | -21 | ||||||
Nine Months Ended September 30, 2012 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at December 31, 2011 | $ | 71 | $ | 53 | $ | -39 | $ | 85 | ||||||
Amounts acquired in Progress Energy Merger | ― | ― | -30 | -30 | ||||||||||
Total pretax realized or unrealized losses included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | ― | 37 | 37 | ||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -9 | -9 | ||||||||||
Total pretax gains included in other comprehensive income: | ||||||||||||||
Gains on available for sale securities and other | 9 | ― | ― | 9 | ||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 10 | 22 | 32 | ||||||||||
Issuances | ― | ― | -24 | -24 | ||||||||||
Settlements | -39 | ― | -34 | -73 | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | 2 | 5 | ||||||||||
Balance at September 30, 2012 | $ | 41 | $ | 66 | $ | -75 | $ | 32 | ||||||
Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2012. | ||||||||||||||
Revenue: Nonregulated electric, natural gas, and other | $ | ― | $ | ― | $ | 5 | $ | 5 | ||||||
Total | $ | ― | $ | ― | $ | 5 | $ | 5 | ||||||
DUKE ENERGY CAROLINAS | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy Carolinas' Condensed Consolidated Balance Sheets at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy Carolinas' assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral, which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 3 | $ | ― | $ | ― | $ | 3 | ||||||
Nuclear decommissioning trust fund equity securities | 1,790 | 1,715 | 53 | 22 | ||||||||||
Nuclear decommissioning trust fund debt securities | 883 | 220 | 613 | 50 | ||||||||||
Total assets | 2,676 | 1,935 | 666 | 75 | ||||||||||
Derivative liabilities(b) | -4 | ― | ― | -4 | ||||||||||
Net assets | $ | 2,672 | $ | 1,935 | $ | 666 | $ | 71 | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 3 | $ | ― | $ | ― | $ | 3 | ||||||
Nuclear decommissioning trust fund equity securities | 1,592 | 1,523 | 48 | 21 | ||||||||||
Nuclear decommissioning trust fund debt securities | 762 | 155 | 559 | 48 | ||||||||||
Total assets | 2,357 | 1,678 | 607 | 72 | ||||||||||
Derivative liabilities(b) | -12 | ― | ― | -12 | ||||||||||
Net Assets | $ | 2,345 | $ | 1,678 | $ | 607 | $ | 60 | ||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at June 30, 2013 | $ | 3 | $ | 71 | $ | -4 | $ | 70 | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 2 | ― | 2 | ||||||||||
Sales | ― | -2 | ― | -2 | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | ― | 1 | ||||||||||
Balance at September 30, 2013 | $ | 3 | $ | 72 | $ | -4 | $ | 71 | ||||||
Three Months Ended September 30, 2012 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at June 30, 2012 | $ | 6 | $ | 64 | $ | ― | $ | 70 | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 1 | ― | 1 | ||||||||||
Issuances | ― | ― | -14 | -14 | ||||||||||
Settlements | ― | ― | 2 | 2 | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | ― | 1 | ||||||||||
Balance at September 30, 2012 | $ | 6 | $ | 66 | $ | -12 | $ | 60 | ||||||
Nine Months Ended September 30, 2013 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at December 31, 2012 | $ | 3 | $ | 69 | $ | -12 | $ | 60 | ||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 5 | ― | 5 | ||||||||||
Sales | ― | -5 | ― | -5 | ||||||||||
Settlements | ― | ― | 8 | 8 | ||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | ― | 3 | ||||||||||
Balance at September 30, 2013 | $ | 3 | $ | 72 | $ | -4 | $ | 71 | ||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Operating Revenues | $ | ― | $ | ― | $ | -4 | $ | -4 | ||||||
Total | $ | ― | $ | ― | $ | -4 | $ | -4 | ||||||
Nine Months Ended September 30, 2012 | ||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | ||||||||||
Balance at December 31, 2011 | $ | 12 | $ | 53 | $ | ― | $ | 65 | ||||||
Total pretax gains included in other comprehensive income: | ||||||||||||||
Gains on available for sale securities and other | 2 | ― | ― | 2 | ||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | ― | 10 | ― | 10 | ||||||||||
Issuances | ― | ― | -14 | -14 | ||||||||||
Settlements | -8 | ― | 2 | -6 | ||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | ― | 3 | ||||||||||
Balance at September 30, 2012 | $ | 6 | $ | 66 | $ | -12 | $ | 60 | ||||||
PROGRESS ENERGY | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Progress Energy's Condensed Consolidated Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Progress Energy's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral, which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,489 | $ | 1,483 | $ | 6 | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 642 | 172 | 470 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 55 | 19 | 36 | ― | ||||||||||
Total assets | 2,186 | 1,674 | 512 | ― | ||||||||||
Derivative liabilities(c) | -282 | ― | -282 | ― | ||||||||||
Net assets | $ | 1,904 | $ | 1,674 | $ | 230 | $ | ― | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,245 | $ | 1,239 | $ | 6 | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 643 | 162 | 481 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 57 | 17 | 40 | ― | ||||||||||
Derivative assets(b) | 11 | ― | 11 | ― | ||||||||||
Total assets | 1,956 | 1,418 | 538 | ― | ||||||||||
Derivative liabilities(c) | -440 | ― | -402 | -38 | ||||||||||
Net assets | $ | 1,516 | $ | 1,418 | $ | 136 | $ | -38 | ||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Derivatives (net) | ||||||||||||||
Three Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -35 | $ | -30 | ||||||||||
Total pretax realized or unrealized gains included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | 2 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Issuances | 2 | -16 | ||||||||||||
Settlements | ― | 4 | ||||||||||||
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -1 | 4 | ||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | ||||||||||||
Balance at end of period | $ | ― | $ | -36 | ||||||||||
Derivatives (net) | ||||||||||||||
Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | ||||||||||
Total pretax realized or unrealized gains included in earnings: | ||||||||||||||
Operating Revenues | ― | 2 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Issuances | 10 | -16 | ||||||||||||
Settlements | ― | 4 | ||||||||||||
Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -2 | ||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | ||||||||||||
Balance at end of period | $ | ― | $ | -36 | ||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Revenue: Regulated electric | $ | 10 | $ | ― | ||||||||||
Total | $ | 10 | $ | ― | ||||||||||
DUKE ENERGY PROGRESS | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy Progress' Condensed Consolidated Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy Progress' assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 985 | $ | 985 | $ | ― | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 440 | 112 | 328 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 2 | 2 | ― | ― | ||||||||||
Total assets | 1,427 | 1,099 | 328 | ― | ||||||||||
Derivative liabilities(c) | -107 | ― | -107 | ― | ||||||||||
Net assets | $ | 1,320 | $ | 1,099 | $ | 221 | $ | ― | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 811 | $ | 811 | $ | ― | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 448 | 119 | 329 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 3 | 3 | ― | ― | ||||||||||
Derivative assets(b) | 2 | ― | 2 | ― | ||||||||||
Total assets | 1,264 | 933 | 331 | ― | ||||||||||
Derivative liabilities(c) | -166 | ― | -128 | -38 | ||||||||||
Net assets | $ | 1,098 | $ | 933 | $ | 203 | $ | -38 | ||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Derivatives (net) | ||||||||||||||
Three Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -35 | $ | -28 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Operating Revenues | ― | 2 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Issuances | -16 | |||||||||||||
Settlements | 2 | 4 | ||||||||||||
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -1 | 2 | ||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | ||||||||||||
Balance at end of period | $ | ― | $ | -36 | ||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Revenue: Regulated electric | $ | 1 | $ | ― | ||||||||||
Total | $ | 1 | $ | ― | ||||||||||
Derivatives (net) | ||||||||||||||
Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Operating Revenues | ― | 2 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Issuances | 9 | -16 | ||||||||||||
Settlements | ― | 4 | ||||||||||||
Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -5 | -2 | ||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | ||||||||||||
Balance at end of period | $ | ― | $ | -36 | ||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||
Revenue: Regulated electric | $ | 10 | $ | ― | ||||||||||
Total | $ | 10 | $ | ― | ||||||||||
DUKE ENERGY FLORIDA | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy Florida's Condensed Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy Florida's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 505 | $ | 499 | $ | 6 | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 202 | 60 | 142 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 39 | 2 | 37 | ― | ||||||||||
Total assets | 746 | 561 | 185 | ― | ||||||||||
Derivative liabilities(b) | -171 | ― | -171 | ― | ||||||||||
Net assets | $ | 575 | $ | 561 | $ | 14 | $ | ― | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Nuclear decommissioning trust fund equity securities | $ | 435 | $ | 429 | $ | 6 | $ | ― | ||||||
Nuclear decommissioning trust fund debt securities and other | 194 | 43 | 151 | ― | ||||||||||
Other trading and available-for-sale debt securities and other(a) | 43 | 3 | 40 | ― | ||||||||||
Derivative assets | 9 | ― | 9 | ― | ||||||||||
Total assets | 681 | 475 | 206 | ― | ||||||||||
Derivative liabilities(b) | -270 | ― | -270 | ― | ||||||||||
Net assets (liabilities) | $ | 411 | $ | 475 | $ | -64 | $ | ― | ||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Balance Sheets. | |||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Balance Sheets | |||||||||||||
DUKE ENERGY OHIO | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy Ohio's Condensed Consolidated Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy Ohio's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral, which are disclosed in Note 8. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Derivative assets(a) | $ | 70 | $ | 49 | $ | ― | $ | 21 | ||||||
Derivative liabilities(b) | -46 | -14 | -5 | -27 | ||||||||||
Net assets (liabilities) | $ | 24 | $ | 35 | $ | -5 | $ | -6 | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Derivative assets(a) | $ | 59 | $ | 48 | $ | 2 | $ | 9 | ||||||
Derivative liabilities(b) | -38 | -15 | -8 | -15 | ||||||||||
Net assets (liabilities) | $ | 21 | $ | 33 | $ | -6 | $ | -6 | ||||||
(a) | Included in Other within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Derivatives (net) | ||||||||||||||
Three Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -19 | $ | -2 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | 1 | ||||||||||||
Revenue: Nonregulated electric and other | 11 | -6 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Settlements | 2 | -1 | ||||||||||||
Balance at end of period | $ | -6 | $ | -8 | ||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | ||||||||||||||
Revenue: Nonregulated electric and other | $ | -3 | $ | ― | ||||||||||
Total | $ | -3 | $ | ― | ||||||||||
Derivatives (net) | ||||||||||||||
Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | -6 | $ | -3 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Revenue: Regulated electric | ― | 1 | ||||||||||||
Revenue: Nonregulated electric and other | -4 | -5 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | 1 | ― | ||||||||||||
Settlements | ― | 1 | ||||||||||||
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | -2 | ||||||||||||
Balance at end of period | $ | -6 | $ | -8 | ||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | ||||||||||||||
Revenue: Nonregulated electric and other | $ | -16 | $ | 1 | ||||||||||
Total | $ | -16 | $ | 1 | ||||||||||
DUKE ENERGY INDIANA | ||||||||||||||
The following tables provide fair value amounts for assets and liabilities recorded on Duke Energy Indiana's Condensed Consolidated Balance Sheets. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Duke Energy Indiana's assessment of the significance of a particular input to the fair value measurement requires judgment and may affect valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. Derivative amounts in the table below exclude cash collateral which are disclosed in Note 8. See Note 9 for additional information related to investments by major security type. | ||||||||||||||
30-Sep-13 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Available-for-sale equity securities(a) | $ | 60 | $ | 60 | $ | ― | $ | ― | ||||||
Available-for-sale debt securities(a) | 28 | ― | 28 | ― | ||||||||||
Derivative assets(b) | 14 | ― | ― | 14 | ||||||||||
Total assets | 102 | 60 | 28 | $ | 14 | |||||||||
Net assets (liabilities) | $ | 102 | $ | 60 | $ | 28 | $ | 14 | ||||||
31-Dec-12 | ||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||
Available-for-sale equity securities(a) | $ | 49 | $ | 49 | $ | ― | $ | ― | ||||||
Available-for-sale debt securities(a) | 29 | ― | 29 | ― | ||||||||||
Derivative assets(b) | 10 | ― | ― | 10 | ||||||||||
Total assets | 88 | 49 | 29 | $ | 10 | |||||||||
Derivative liabilities(c) | -63 | ― | -63 | ― | ||||||||||
Net assets (liabilities) | $ | 25 | $ | 49 | $ | -34 | $ | 10 | ||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||
(b) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | ||||||||||||||
Derivatives (net) | ||||||||||||||
Three Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | 18 | $ | 22 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Operating Revenues | 3 | 11 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Settlements | -10 | -16 | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | ― | ||||||||||||
Balance at end of period | $ | 14 | $ | 17 | ||||||||||
Derivatives (net) | ||||||||||||||
Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Balance at beginning of period | $ | 10 | $ | 4 | ||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | ||||||||||||||
Operating Revenues | 5 | 35 | ||||||||||||
Purchases, sales, issuances and settlements: | ||||||||||||||
Purchases | 20 | ― | ||||||||||||
Sales | ― | 22 | ||||||||||||
Settlements | -23 | -45 | ||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 2 | 1 | ||||||||||||
Balance at end of period | $ | 14 | $ | 17 | ||||||||||
QUANTITATIVE DISCLOSURES ABOUT UNOBSERVABLE INPUTS | ||||||||||||||
The following table includes quantitative information about the Duke Energy Registrants' derivatives classified as Level 3. | ||||||||||||||
30-Sep-13 | ||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||
Duke Energy | ||||||||||||||
Commodity natural gas contracts | $ | -43 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | ||||||
FERC mitigation power sale agreements | -4 | Discounted cash flow | Forward electricity curves - price per megawatt-hour (MWh) | 25.79 | - | 48.34 | ||||||||
Financial transmission rights (FTRs) | 15 | RTO market pricing | FTR price - per MWh | -1.53 | - | 10.86 | ||||||||
Commodity power contracts | 5 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | ||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 122.64 | ||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 29.3 | - | 100.8 | ||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||
FERC mitigation power sale agreements | $ | -4 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | ||||||
Duke Energy Ohio | ||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | -0.09 | - | 0.46 | ||||||
Commodity power contracts | 13 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | ||||||||
Commodity natural gas contracts | -9 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.47 | - | 4.55 | ||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||
Duke Energy Indiana | ||||||||||||||
Financial transmission rights (FTRs) | $ | 14 | RTO market pricing | FTR price - per MWh | $ | -1.53 | - | 10.86 | ||||||
31-Dec-12 | ||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||
Duke Energy | ||||||||||||||
Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | ||||||
FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||
Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | ||||||||
Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | ||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | ||||||||
Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | ||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||
Total Level 3 derivatives | $ | -85 | ||||||||||||
Duke Energy Carolinas | ||||||||||||||
FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | ||||||
Progress Energy | ||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||
Duke Energy Progress | ||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||
Duke Energy Ohio | ||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||
Duke Energy Indiana | ||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||
OTHER FAIR VALUE DISCLOSURES | ||||||||||||||
The fair value and book value of long-term debt, including current maturities, is summarized in the following table. Judgment is required in interpreting market data to develop estimates of fair value. Accordingly, estimates determined are not necessarily indicative of amounts the Duke Energy Registrants could have settled in current markets. The fair value of long-term debt is determined using Level 2 measurements. | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | ||||||||||
Duke Energy (a) | $ | 39,709 | $ | 42,142 | $ | 39,461 | $ | 44,001 | ||||||
Duke Energy Carolinas(b) | 8,739 | 9,445 | 8,741 | 10,096 | ||||||||||
Progress Energy | 13,815 | 14,989 | 14,428 | 16,563 | ||||||||||
Duke Energy Progress | 4,936 | 5,053 | 4,840 | 5,277 | ||||||||||
Duke Energy Florida | 4,887 | 5,424 | 5,320 | 6,222 | ||||||||||
Duke Energy Ohio | 2,188 | 2,263 | 1,997 | 2,117 | ||||||||||
Duke Energy Indiana | 3,798 | 4,143 | 3,702 | 4,268 | ||||||||||
(a) | Includes book value of Non-recourse long-term debt of variable interest entities of $1,265 million and $852 million September 30, 2013 and December 31, 2012, respectively. | |||||||||||||
(b) | Includes book value of Non-recourse long-term debt of variable interest entities of $300 million at both September 30, 2013 and December 31, 2012, respectively. | |||||||||||||
At both September 30, 2013 and December 31, 2012, the fair value of cash and cash equivalents, accounts and notes receivable, accounts payable, notes payable and commercial paper, and non-recourse notes payable of variable interest entities are not materially different from their carrying amounts because of the short-term nature of these instruments and/or because the stated rates approximate market rates. |
Investments_in_Debt_and_Equity
Investments in Debt and Equity Securities | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Investments In Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||
Investments In Debt And Equity Securities | ' | ||||||||||||||||||||||
9. Investments in Debt and Equity Securities | |||||||||||||||||||||||
The Duke Energy Registrants classify their investments in debt and equity securities as either trading or available-for-sale. | |||||||||||||||||||||||
Investments in debt and equity securities are classified as either short-term investments or long-term investments based on management's intent and ability to sell these securities, taking into consideration illiquidity factors in the current markets. | |||||||||||||||||||||||
TRADING SECURITIES | |||||||||||||||||||||||
Investments in debt and equity securities held in Grantor Trusts associated with certain deferred compensation plans and certain other investments are classified as trading securities. These investments are reported at fair value in the Condensed Consolidated Balance Sheets. Net realized and unrealized gains and losses are included in earnings each period. The fair value of these investments was $17 million at September 30, 2013 and $33 million at December 31, 2012. | |||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES | |||||||||||||||||||||||
All other investments in debt and equity securities are classified as available-for-sale securities. Available-for-sale securities are also reported at fair value on the Condensed Consolidated Balance Sheets. Unrealized gains and losses are excluded from earnings and reported either as a (i) regulatory asset or liability, or (ii) a component of other comprehensive income until realized. | |||||||||||||||||||||||
Duke Energy's available-for-sale securities are primarily comprised of investments held in (i) the NDTF at Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida, (ii) Grantor Trusts at Duke Energy Indiana, Duke Energy Florida and Duke Energy Progress related to OPEB plans (iii) Duke Energy's captive insurance investment portfolio, (iv) Duke Energy's foreign operations investment portfolio and (v) Duke Energy and Duke Energy Carolinas' auction rate debt securities portfolio. | |||||||||||||||||||||||
Duke Energy holds corporate debt securities that were purchased using excess cash from its foreign operations. These investments are classified as Short-term investments on the Condensed Consolidated Balance Sheet and are available for current operations of Duke Energy's foreign business. The fair value of these investments was $118 million as of September 30, 2013 and $333 million as of December 31, 2012. | |||||||||||||||||||||||
Duke Energy classifies all other investments in debt and equity securities as long-term, unless otherwise noted. | |||||||||||||||||||||||
NDTF and Grantor Trust | |||||||||||||||||||||||
The investments within the NDTF at Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida and the Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana Grantor Trusts (Investment Trusts) are managed by independent investment managers with discretion to buy, sell, and invest pursuant to the objectives set forth by the trust agreements. The Duke Energy Registrants have limited oversight of the day-to-day management of these investments. As a result, the ability to hold investments in unrealized loss positions is outside the control of the Duke Energy Registrants. Accordingly, all unrealized gains and losses associated with debt and equity securities within the Investment Trusts are considered other-than-temporary impairments and are recognized immediately. Pursuant to regulatory accounting, substantially all unrealized gains and losses associated with investments within the Investment Trusts are deferred as a regulatory asset or liability. As a result, there is no immediate impact on earnings of the Duke Energy Registrants. | |||||||||||||||||||||||
Other Available for Sale Securities | |||||||||||||||||||||||
Unrealized gains and losses on all other available-for-sale securities are included in other comprehensive income until realized, unless it is determined the carrying value of an investment is other-than-temporarily impaired. If an other-than-temporary impairment exists, the unrealized loss may be included in earnings based on the criteria discussed below. | |||||||||||||||||||||||
The Duke Energy Registrants analyze all investment holdings each reporting period to determine whether a decline in fair value should be considered other-than-temporary. Criteria used to evaluate whether an impairment associated with equity securities is other-than-temporary includes, but is not limited to,(i) the length of time over which the market value has been lower than the cost basis of the investment, (ii) the percentage decline compared to the cost of the investment, and (iii) management's intent and ability to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value. If a decline in fair value is determined to be other-than-temporary, the investment is written down to its fair value through a charge to earnings. | |||||||||||||||||||||||
If the entity does not have an intent to sell a debt security and it is not more likely than not that management will be required to sell the debt security before the recovery of its cost basis, the impairment write-down to fair value would be recorded as a component of other comprehensive income, except for when it is determined that a credit loss exists. In determining whether a credit loss exists, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than the amortized cost basis, (ii) changes in the financial condition of the issuer of the security, or in the case of an asset backed security, the financial condition of the underlying loan obligors, (iii) consideration of underlying collateral and guarantees of amounts by government entities, (iv) ability of the issuer of the security to make scheduled interest or principal payments, and (v) any changes to the rating of the security by rating agencies. If a credit loss exists, the amount of impairment write-down to fair value is split between credit loss and other factors. The amount related to credit loss is recognized in earnings. The amount related to other factors is recognized in other comprehensive income. There were no credit losses as of September 30, 2013 and December 31, 2012. For the Duke Energy Registrants, there were no other-than-temporary impairments for debt or equity securities as of September 30, 2013 and December 31, 2012. Accordingly, all changes in the market value of investments other than those held in the Investment Trusts, which receive regulatory accounting as discussed above, were reflected as a component of other comprehensive income in 2013 and 2012. | |||||||||||||||||||||||
See Note 10 for additional information related to fair value measurements for investments in auction rate debt securities. | |||||||||||||||||||||||
DUKE ENERGY | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy. For investments held within the NDTF and investments within Grantor Trusts, unrealized holding gains and losses are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 111 | $ | ― | $ | ― | $ | 105 | |||||||||||
Equity securities | 1,560 | 13 | 3,280 | 1,132 | 19 | 2,837 | |||||||||||||||||
Corporate debt securities | 9 | 6 | 323 | 21 | 1 | 338 | |||||||||||||||||
Municipal bonds | 5 | 7 | 213 | 12 | 1 | 194 | |||||||||||||||||
U.S. government bonds | 14 | 8 | 712 | 24 | 1 | 625 | |||||||||||||||||
Other debt securities | 17 | 4 | 167 | 10 | 1 | 164 | |||||||||||||||||
Total NDTF | 1,605 | 38 | 4,806 | 1,199 | 23 | 4,263 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 21 | ― | ― | 17 | |||||||||||||||||
Equity securities | 22 | ― | 83 | 10 | ― | 63 | |||||||||||||||||
Corporate debt securities | 1 | 2 | 178 | 2 | ― | 381 | |||||||||||||||||
Municipal bonds | 2 | 2 | 80 | 4 | 1 | 70 | |||||||||||||||||
U.S. government bonds | ― | ― | 38 | ― | ― | 23 | |||||||||||||||||
Other debt securities | ― | 1 | 92 | 1 | ― | 86 | |||||||||||||||||
Auction rate securities | ― | 7 | 25 | ― | 6 | 29 | |||||||||||||||||
Total Other Investments(a) | 25 | 12 | 517 | 17 | 7 | 669 | |||||||||||||||||
Total Investments | $ | 1,630 | $ | 50 | $ | 5,323 | $ | 1,216 | $ | 30 | $ | 4,932 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy. The table below excludes auction rate securities based on the stated maturity date. See Note 10 for information about fair value measurements related to investments in auction rate debt securities. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 185 | |||||||||||||||||||||
Due after one through five years | 394 | ||||||||||||||||||||||
Due after five through 10 years | 434 | ||||||||||||||||||||||
Due after 10 years | 790 | ||||||||||||||||||||||
Total | $ | 1,803 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Duke Energy's available-for-sale securities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 72 | $ | 30 | $ | 135 | $ | 80 | |||||||||||||||
Realized losses | 16 | 12 | 38 | 14 | |||||||||||||||||||
DUKE ENERGY CAROLINAS | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy Carolinas. For investments held within the NDTF, unrealized holding gains and losses are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 46 | $ | ― | $ | ― | $ | 40 | |||||||||||
Equity securities | 828 | 5 | 1,790 | 600 | 5 | 1,592 | |||||||||||||||||
Corporate debt securities | 4 | 5 | 236 | 11 | 1 | 250 | |||||||||||||||||
Municipal bonds | ― | 1 | 52 | 2 | ― | 40 | |||||||||||||||||
U.S. government bonds | 5 | 4 | 396 | 10 | ― | 304 | |||||||||||||||||
Other debt securities | 17 | 4 | 147 | 9 | 2 | 135 | |||||||||||||||||
Total NDTF | 854 | 19 | 2,667 | 632 | 8 | 2,361 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Auction rate securities | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||||||
Total Other Investments(a) | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||||||
Total Investments | $ | 854 | $ | 20 | $ | 2,670 | $ | 632 | $ | 9 | $ | 2,364 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Carolinas. The table below excludes auction rate securities based on the stated maturity date. See Note 10 for information about fair value measurements related to investments in auction rate debt securities. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 23 | |||||||||||||||||||||
Due after one through five years | 175 | ||||||||||||||||||||||
Due after five through 10 years | 223 | ||||||||||||||||||||||
Due after 10 years | 410 | ||||||||||||||||||||||
Total | $ | 831 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Duke Energy Carolinas' available-for-sale securities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 49 | $ | 19 | $ | 95 | $ | 65 | |||||||||||||||
Realized losses | 1 | 5 | 11 | 7 | |||||||||||||||||||
PROGRESS ENERGY | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Progress Energy. For investments held within the NDTF and investments within Grantor Trusts, unrealized holding gains and losses are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 65 | $ | ― | $ | ― | $ | 65 | |||||||||||
Equity securities | 732 | 8 | 1,490 | 532 | 14 | 1,245 | |||||||||||||||||
Corporate debt securities | 5 | 1 | 87 | 9 | ― | 89 | |||||||||||||||||
Municipal bonds | 5 | 6 | 161 | 11 | 1 | 154 | |||||||||||||||||
U.S. government bonds | 9 | 4 | 316 | 14 | ― | 321 | |||||||||||||||||
Other debt securities | ― | ― | 20 | 1 | ― | 28 | |||||||||||||||||
Total NDTF | 751 | 19 | 2,139 | 567 | 15 | 1,902 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 21 | ― | ― | 17 | |||||||||||||||||
Municipal bonds | 1 | 1 | 36 | 3 | ― | 40 | |||||||||||||||||
Total Other Investments(a) | 1 | 1 | 57 | 3 | ― | 57 | |||||||||||||||||
Total Investments | $ | 752 | $ | 20 | $ | 2,196 | $ | 570 | $ | 15 | $ | 1,959 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Progress Energy. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 14 | |||||||||||||||||||||
Due after one through five years | 162 | ||||||||||||||||||||||
Due after five through 10 years | 150 | ||||||||||||||||||||||
Due after 10 years | 294 | ||||||||||||||||||||||
Total | $ | 620 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Progress Energy's available-for-sale securities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 22 | $ | 8 | $ | 37 | $ | 23 | |||||||||||||||
Realized losses | 11 | 6 | 20 | 12 | |||||||||||||||||||
DUKE ENERGY PROGRESS | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy Progress. For investments held within the NDTF and investments within Grantor Trusts, unrealized holding gains and losses are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 30 | $ | ― | $ | ― | $ | 55 | |||||||||||
Equity securities | 472 | 7 | 985 | 337 | 11 | 811 | |||||||||||||||||
Corporate debt securities | 5 | 1 | 83 | 8 | ― | 78 | |||||||||||||||||
Municipal bonds | 2 | 4 | 103 | 4 | ― | 80 | |||||||||||||||||
U.S. government bonds | 8 | 3 | 225 | 13 | ― | 241 | |||||||||||||||||
Other debt securities | ― | ― | 9 | 1 | ― | 10 | |||||||||||||||||
Total NDTF | 487 | 15 | 1,435 | 363 | 11 | 1,275 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 2 | ― | ― | 3 | |||||||||||||||||
Total Other Investments(a) | ― | ― | 2 | ― | ― | 3 | |||||||||||||||||
Total Investments | $ | 487 | $ | 15 | $ | 1,437 | $ | 363 | $ | 11 | $ | 1,278 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Progress. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 6 | |||||||||||||||||||||
Due after one through five years | 125 | ||||||||||||||||||||||
Due after five through 10 years | 88 | ||||||||||||||||||||||
Due after 10 years | 201 | ||||||||||||||||||||||
Total | $ | 420 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Duke Energy Progress' available-for-sale securities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 7 | $ | 4 | $ | 15 | $ | 14 | |||||||||||||||
Realized losses | 2 | 2 | 6 | 5 | |||||||||||||||||||
DUKE ENERGY FLORIDA | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy Florida. For investments held within the NDTF and investments within Grantor Trusts, unrealized holding gains and losses are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 35 | $ | ― | $ | ― | $ | 10 | |||||||||||
Equity securities | 260 | 1 | 505 | 194 | 4 | 434 | |||||||||||||||||
Corporate debt securities | ― | ― | 4 | 1 | ― | 11 | |||||||||||||||||
Municipal bonds | 3 | 2 | 58 | 7 | ― | 74 | |||||||||||||||||
U.S. government bonds | 1 | 1 | 91 | 1 | ― | 80 | |||||||||||||||||
Other debt securities | ― | ― | 11 | 1 | ― | 18 | |||||||||||||||||
Total NDTF | 264 | 4 | 704 | 204 | 4 | 627 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 4 | ― | ― | 1 | |||||||||||||||||
Municipal bonds | 1 | 1 | 37 | 3 | ― | 40 | |||||||||||||||||
Total Other Investments(a) | 1 | 1 | 41 | 3 | ― | 41 | |||||||||||||||||
Total Investments | $ | 265 | $ | 5 | $ | 745 | $ | 207 | $ | 4 | $ | 668 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Florida. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 8 | |||||||||||||||||||||
Due after one through five years | 37 | ||||||||||||||||||||||
Due after five through 10 years | 62 | ||||||||||||||||||||||
Due after 10 years | 94 | ||||||||||||||||||||||
Total | $ | 201 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Duke Energy Florida's available-for-sale securities were as follows. | |||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 14 | $ | 4 | $ | 22 | $ | 9 | |||||||||||||||
Realized losses | 9 | 4 | 13 | 7 | |||||||||||||||||||
DUKE ENERGY INDIANA | |||||||||||||||||||||||
The following table presents the estimated fair value of short-term and long-term investments for Duke Energy Indiana. For investments held within Grantor Trusts, unrealized holding gains and losses on these investments are recognized immediately and recorded as Regulatory assets or Regulatory liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Equity securities | $ | 19 | $ | ― | $ | 60 | $ | 9 | $ | ― | $ | 50 | |||||||||||
Municipal bonds | ― | 1 | 28 | 1 | ― | 28 | |||||||||||||||||
Total Other Investments(a) | 19 | 1 | 88 | 10 | ― | 78 | |||||||||||||||||
Total Investments | $ | 19 | $ | 1 | $ | 88 | $ | 10 | $ | ― | $ | 78 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Indiana. | |||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 2 | |||||||||||||||||||||
Due after one through five years | 21 | ||||||||||||||||||||||
Due after five through 10 years | 4 | ||||||||||||||||||||||
Due after 10 years | 1 | ||||||||||||||||||||||
Total | $ | 28 | |||||||||||||||||||||
Realized gains and losses, which were determined on a specific identification basis, from sales of Duke Energy Indiana's available-for-sale securities were insignificant for each of the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | ||||||||||||||||||||||||
Variable Interest Entities | ' | ||||||||||||||||||||||||
11. VARIABLE INTEREST ENTITIES | |||||||||||||||||||||||||
A VIE is an entity that is evaluated for consolidation using more than a simple analysis of voting control. The analysis to determine whether an entity is a VIE considers contracts with an entity, credit support for an entity, the adequacy of the equity investment of an entity, and the relationship of voting power to the amount of equity invested in an entity. This analysis is performed either upon the creation of a legal entity or upon the occurrence of an event requiring reevaluation, such as a significant change in an entity's assets or activities. A qualitative analysis of control determines the party that consolidates a VIE. This assessment is based on (i) what party has the power to direct the most significant activities of the VIE that impact its economic performance, and (ii) what party has rights to receive benefits or is obligated to absorb losses that are significant to the VIE. The analysis of the party that consolidates a VIE is a continual reassessment. | |||||||||||||||||||||||||
CONSOLIDATED VIEs | |||||||||||||||||||||||||
The table below shows VIEs Duke Energy and Duke Energy Carolinas consolidate and how these entities impact Duke Energy's and Duke Energy Carolinas' respective Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||
Other than the discussion below related to CRC, no financial support was provided to any of the consolidated VIEs during the three or nine months ended September 30, 2013 and the year ended December 31, 2012, or is expected to be provided in the future, that was not previously contractually required. | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in millions) | DERF(a) | CRC | CinCapV | Renewables | Other | Total | |||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Restricted receivables of variable interest entities | 703 | 527 | 17 | 11 | ― | 1,258 | |||||||||||||||||||
Other | ― | ― | 5 | 199 | 2 | 206 | |||||||||||||||||||
Investments and Other Assets | |||||||||||||||||||||||||
Intangibles, net | ― | ― | ― | 11 | ― | 11 | |||||||||||||||||||
Restricted other assets of variable interest entities | ― | ― | 40 | 12 | ― | 52 | |||||||||||||||||||
Other | ― | ― | 12 | 4 | 3 | 19 | |||||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||||||||||
Property, Plant and Equipment, Cost | ― | ― | ― | 1,663 | 16 | 1,679 | |||||||||||||||||||
Accumulated depreciation and amortization | ― | ― | ― | -146 | -5 | -151 | |||||||||||||||||||
Regulatory Assets and Deferred Debits | |||||||||||||||||||||||||
Other | ― | ― | ― | 34 | ― | 34 | |||||||||||||||||||
Total Assets | 703 | 527 | 74 | 1,788 | 16 | 3,108 | |||||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable | ― | ― | ― | 3 | ― | 3 | |||||||||||||||||||
Non-recourse notes payable of variable interest entities | ― | 325 | ― | ― | ― | 325 | |||||||||||||||||||
Taxes accrued | ― | ― | ― | 12 | ― | 12 | |||||||||||||||||||
Current maturities of long-term debt | ― | ― | 14 | 62 | ― | 76 | |||||||||||||||||||
Other | ― | ― | 5 | 26 | ― | 31 | |||||||||||||||||||
Non-recourse Long-term Debt of variable interest entities | 300 | ― | 37 | 928 | ― | 1,265 | |||||||||||||||||||
Deferred income taxes | ― | ― | ― | 255 | ― | 255 | |||||||||||||||||||
Asset retirement obligations | ― | ― | ― | 25 | ― | 25 | |||||||||||||||||||
Other | ― | ― | 12 | 102 | ― | 114 | |||||||||||||||||||
Total Liabilities | 300 | 325 | 68 | 1,413 | ― | 2,106 | |||||||||||||||||||
Net Assets of Consolidated Variable Interest Entities | $ | 403 | $ | 202 | $ | 6 | $ | 375 | $ | 16 | $ | 1,002 | |||||||||||||
(a) | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in millions) | DERF | CRC | CinCapV | Renewables | Other | Total | |||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Restricted receivables of variable interest entities | $ | 637 | $ | 534 | $ | 15 | $ | 16 | $ | -1 | $ | 1,201 | |||||||||||||
Other | ― | ― | 4 | 133 | 2 | 139 | |||||||||||||||||||
Investments and Other Assets | |||||||||||||||||||||||||
Intangibles, net | ― | ― | ― | 12 | ― | 12 | |||||||||||||||||||
Restricted other assets of variable interest entities | ― | ― | 52 | 2 | ― | 54 | |||||||||||||||||||
Other | ― | ― | 10 | ― | 2 | 12 | |||||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||||||||||
Property, Plant and Equipment, Cost | ― | ― | ― | 1,543 | 15 | 1,558 | |||||||||||||||||||
Accumulated depreciation and amortization | ― | ― | ― | -98 | -5 | -103 | |||||||||||||||||||
Regulatory Assets and Deferred Debits | |||||||||||||||||||||||||
Other | ― | ― | ― | 40 | ― | 40 | |||||||||||||||||||
Total Assets | 637 | 534 | 81 | 1,648 | 13 | 2,913 | |||||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable | ― | ― | ― | 1 | ― | 1 | |||||||||||||||||||
Non-recourse notes payable of variable interest entities | ― | 312 | ― | ― | ― | 312 | |||||||||||||||||||
Taxes accrued | ― | ― | ― | 62 | ― | 62 | |||||||||||||||||||
Current maturities of long-term debt | ― | ― | 13 | 459 | ― | 472 | |||||||||||||||||||
Other | ― | ― | 4 | 25 | ― | 29 | |||||||||||||||||||
Non-recourse Long-term Debt of variable interest entities | 300 | ― | 48 | 504 | ― | 852 | |||||||||||||||||||
Deferred income taxes | ― | ― | ― | 154 | ― | 154 | |||||||||||||||||||
Asset retirement obligations | ― | ― | ― | 23 | ― | 23 | |||||||||||||||||||
Other | ― | ― | 10 | 39 | ― | 49 | |||||||||||||||||||
Total Liabilities | 300 | 312 | 75 | 1,267 | ― | 1,954 | |||||||||||||||||||
Net Assets of Consolidated Variable Interest Entities | $ | 337 | $ | 222 | $ | 6 | $ | 381 | $ | 13 | $ | 959 | |||||||||||||
DERF | |||||||||||||||||||||||||
Duke Energy Carolinas securitizes certain accounts receivable through DERF, a bankruptcy remote, special purpose subsidiary. DERF has a separate legal existence from its parent, and its assets are not intended to be generally available to creditors of Duke Energy Carolinas. On a daily basis Duke Energy Carolinas sells certain accounts receivable, arising from the sale of electricity and/or related services, to DERF. DERF utilizes a $400 million secured credit facility with a commercial paper conduit to fund purchases of accounts receivable. The facility expires in October 2016. Duke Energy Carolinas services the receivables (collects and applies cash to the appropriate receivables). Duke Energy Carolinas' borrowing under the credit facility is limited to the amount of qualified receivables sold. The amount of receivables sold has been and is expected to be in excess of the amount borrowed. The debt is classified as long-term since the facility has an expiration date of greater than one year from the balance sheet date. | |||||||||||||||||||||||||
The securitization transaction was not structured to meet the criteria for sale accounting treatment under the accounting guidance for transfers and servicing financial assets and, accordingly, is reflected as a secured borrowing in the Consolidated Balance Sheets. The obligations of DERF under the facility are non-recourse to Duke Energy Carolinas. Duke Energy and its subsidiaries have no requirement to provide liquidity, purchase assets of DERF, or guarantee performance. DERF is considered a VIE because the equity capitalization is insufficient to support its operations. In addition, the most significant activity that impacts the economic performance of DERF relates to decisions made with respect to management of delinquent receivables. Duke Energy Carolinas consolidates DERF since it makes those decisions. | |||||||||||||||||||||||||
CRC | |||||||||||||||||||||||||
CRC was formed to secure low cost financing for Duke Energy Ohio and Duke Energy Indiana. Duke Energy Ohio and Duke Energy Indiana sell on a revolving basis at a discount, nearly all of their customer accounts receivable and related collections to CRC. The receivables sold are selected to avoid any significant concentration of credit risk and exclude delinquent receivables. Receivables sold are securitized by CRC through a facility managed by two unrelated third parties and are used as collateral for commercial paper issued by the unrelated third parties. These loans provide the cash portion of proceeds paid by CRC to Duke Energy Ohio and Duke Energy Indiana. Proceeds obtained by Duke Energy Ohio and Duke Energy Indiana from sales of receivables are cash and a subordinated note from CRC. The subordinated note represents a retained interest in the sold receivables and is typically 25 percent of total proceeds. Amounts borrowed by CRC against these receivables is non-recourse to the general credit of Duke Energy. Cash collections from the accounts receivable sold are the sole source of funds to satisfy the related debt obligation. Borrowing is limited to approximately 75 percent of the transferred receivables. Losses on collection in excess of the discount are first absorbed by the equity of CRC and next by subordinated retained interests held by Duke Energy Ohio and Duke Energy Indiana. The discount reflects interest expense plus an allowance for bad debts net of a servicing fee charged by Duke Energy Ohio and Duke Energy Indiana. Duke Energy Ohio and Duke Energy Indiana service the receivables (collect and apply cash to the appropriate receivables). Depending on experience with collections, additional equity infusions to CRC may be required by Duke Energy to maintain a minimum equity balance of $3 million. There were no infusions to CRC during the three or nine months ended September 30, 2013 and 2012. Amounts borrowed fluctuate based on the amounts of receivables sold. The debt is classified as short term because the facility has an expiration date of less than one year from the balance sheet date. The current expiration date is November 2013. CRC is considered a VIE because (i) equity capitalization is insufficient to support its operations, (ii) power to direct the most significant activities that impact economic performance of the entity are not performed by the equity holder, Cinergy Corp. (Cinergy), and (iii) deficiencies in net worth of CRC are not funded by Cinergy, but by Duke Energy. The most significant activity of CRC relates to the decisions made with respect to the management of delinquent receivables. Thus, Duke Energy consolidates CRC. Duke Energy Ohio and Duke Energy Indiana do not consolidate CRC. | |||||||||||||||||||||||||
CinCap V | |||||||||||||||||||||||||
CinCap V was created to finance and execute a power sale agreement with Central Maine Power Company for approximately 35 MW of capacity and energy. This agreement expires in 2016. CinCap V is considered a VIE because the equity capitalization is insufficient to support its operations. Duke Energy consolidates CinCap V as it has power to direct the most significant activities that impact economic performance of the entity, which are the decisions to hedge and finance the power sales agreement. | |||||||||||||||||||||||||
Renewables | |||||||||||||||||||||||||
Certain of Duke Energy's renewable energy facilities are VIEs due to power purchase agreements with terms that approximate the expected life of the projects. These fixed price agreements effectively transfer commodity price risk to the buyer of the power. Certain other of Duke Energy's renewable energy facilities are VIEs due to Duke Energy issuing debt service reserve guarantees and operations and maintenance reserve guarantees in support of debt financings. The most significant activities that impact the economic performance of these renewable energy facilities were decisions associated with siting, negotiating purchase power agreements, engineering, procurement and construction, and decisions associated with ongoing operations and maintenance related activities. As all of these decisions were made solely by Duke Energy ,Duke Energy has consolidated these entities since inception. | |||||||||||||||||||||||||
Debt held by these renewable energy facilities is non-recourse to the general credit of Duke Energy. Duke Energy and its subsidiaries have no requirement to provide liquidity or purchase the assets of these renewable energy facilities. Duke Energy does not guarantee performance except for an immaterial multi-purpose letter of credit and various immaterial debt service reserve and operations and maintenance reserve guarantees. Assets are restricted and cannot be pledged as collateral or sold to third parties without prior approval of debt holders. | |||||||||||||||||||||||||
NON-CONSOLIDATED VIEs | |||||||||||||||||||||||||
The tables below show VIEs the Duke Energy Registrants do not consolidate and how these entities impact the Duke Energy Registrants' respective Condensed Consolidated Balance Sheets. As discussed above, while Duke Energy consolidated CRC, Duke Energy Ohio and Duke Energy Indiana do not consolidate CRC as they are not the primary beneficiary. | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||
(in millions) | DukeNet | Renewables | Other | Total | |||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | 75 | $ | 114 | |||||||||||||
Investments in equity method unconsolidated affiliates | 113 | 152 | 25 | 290 | ― | ― | |||||||||||||||||||
Intangibles, net | ― | ― | 100 | 100 | 98 | ― | |||||||||||||||||||
Investments and other assets | ― | ― | 4 | 4 | ― | ― | |||||||||||||||||||
Total assets | 113 | 152 | 129 | 394 | 173 | 114 | |||||||||||||||||||
Other current liabilities | ― | ― | 2 | 2 | ― | ― | |||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 15 | 15 | ― | ― | |||||||||||||||||||
Total liabilities | ― | ― | 17 | 17 | ― | ― | |||||||||||||||||||
Net assets | $ | 113 | $ | 152 | $ | 112 | $ | 377 | $ | 173 | $ | 114 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||
(in millions) | DukeNet | Renewables | FPC Capital I Trust(a) | Other | Total | ||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | |||||||||||
Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | ||||||||||||||||||
Intangibles, net | ― | ― | ― | 104 | 104 | 104 | ― | ||||||||||||||||||
Investments and other assets | ― | ― | 9 | 2 | 11 | ― | ― | ||||||||||||||||||
Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | ||||||||||||||||||
Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | ||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | ||||||||||||||||||
Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | ||||||||||||||||||
Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | |||||||||||
(a) | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | ||||||||||||||||||||||||
No financial support not previously contractually required was provided to any of the unconsolidated VIEs during the three or nine months ended September 30, 2013 and 2012, or is expected to be provided in the future. The Duke Energy Registrants are not aware of any situations where the maximum exposure to loss significantly exceeds the carrying values shown above except for the power purchase agreement with the Ohio Valley Electric Corporation (OVEC), which is discussed below, and various guarantees, reflected in the table above as Deferred credits and other liabilities. | |||||||||||||||||||||||||
DukeNet | |||||||||||||||||||||||||
Duke Energy owns a 50 percent interest in DukeNet. DukeNet has a 5-year, $150 million senior secured credit facility with a syndicate of ten external financial institutions. This credit facility is non-recourse to Duke Energy. DukeNet is considered a VIE because it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. Duke Energy has no requirement to provide liquidity, purchase the assets of DukeNet, or guarantee performance. The most significant activities that impact DukeNet's economic performance relate to its business development and fiber optic capacity marketing and management activities. The power to direct these activities is jointly and equally shared by Duke Energy and the other joint venture partner. Accordingly, DukeNet is a non-consolidated VIE and is accounted for as an equity method investment. | |||||||||||||||||||||||||
Unless consent by Duke Energy is given, Duke Energy and its subsidiaries have no requirement to provide liquidity, purchase the assets of DukeNet, or guarantee performance. | |||||||||||||||||||||||||
On October 4, 2013, Duke Energy announced that it will sell its interest in DukeNet. Refer to Note 2 for more information. | |||||||||||||||||||||||||
Renewables | |||||||||||||||||||||||||
Duke Energy has investments in various renewable energy project entities. Some of these entities are VIEs due to power purchase agreements with terms that approximate the expected life of the project. These fixed price agreements effectively transfer commodity price risk to the buyer of the power. Duke Energy does not consolidate these VIEs because power to direct and control key activities is shared jointly by Duke Energy and other owners. Duke Energy accounts for these investments under the equity method of accounting. | |||||||||||||||||||||||||
FPC Capital I Trust | |||||||||||||||||||||||||
At December 31, 2012, Progress Energy had variable interests in the FPC Capital I Trust (the Trust). The Trust, a finance subsidiary, was established in 1999 for the sole purpose of issuing $300 million of 7.10% QUIPS due 2039, and used proceeds thereof to purchase $300 million of 7.10% Junior Subordinated Deferrable Interest Notes due 2039 from Florida Progress Funding Corporation (Funding Corp.). Funding Corp. is a wholly owned subsidiary of Progress Energy. The Trust had no other operations and its sole assets were subordinated notes and related guarantees. Funding Corp. was formed for the sole purpose of providing financing to Duke Energy Florida. Funding Corp. did not engage in business activities other than such financing and had no independent operations. Progress Energy guaranteed the payments of all distributions required by the Trust. On February 1, 2013, Duke Energy redeemed the $300 million of 7.10% QUIPS and subsequently terminated the Trust. | |||||||||||||||||||||||||
Other | |||||||||||||||||||||||||
Duke Energy has investments in various other entities that are not consolidated VIEs. The most significant of these investments is Duke Energy Ohio's 9 percent ownership interest in OVEC. Through its ownership interest in OVEC, Duke Energy Ohio has a contractual arrangement to buy power from OVEC's power plants through June 2040. Proceeds from the sale of power by OVEC to its power purchase agreement counterparties are designed to be sufficient to meet its operating expenses, fixed costs, debt amortization and, interest expense, as well as earn a return on equity. Accordingly, the value of this contract is subject to variability due to fluctuations in power prices and changes in OVEC's costs of business, including costs associated with its 2,256 MW of coal-fired generation capacity. As discussed in Note 5, proposed environmental rulemaking could increase the costs of OVEC, which would be passed through to Duke Energy Ohio. The initial carrying value of this contract was recorded as an intangible asset when Duke Energy acquired Cinergy in April 2006. In addition, Duke Energy has guaranteed performance of certain entities in which it no longer has an equity interest. | |||||||||||||||||||||||||
CRC | |||||||||||||||||||||||||
As discussed above, CRC is consolidated only by Duke Energy. Accordingly, the retained interest in the sold receivables recorded on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana are eliminated in consolidation at Duke Energy. | |||||||||||||||||||||||||
Proceeds obtained from sales of receivables are largely cash but do include a subordinated note from CRC. The subordinated note is a retained interest and is classified within Receivables in Duke Energy Ohio's and Duke Energy Indiana's Condensed Consolidated Balance Sheets. Retained interests reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana approximate fair value. | |||||||||||||||||||||||||
Carrying values of retained interests are determined by allocating carrying value of the receivables between assets sold and interests retained based on relative fair value. The allocated basis of the subordinated notes are not materially different than their face value because (i) the receivables generally turnover in less than two months, (ii) credit losses are reasonably predictable due to the broad customer base and lack of significant concentration, and (iii) the equity in CRC is subordinate to all retained interests and thus would absorb losses first. The hypothetical effect on fair value of the retained interests assuming both a 10 percent and a 20 percent unfavorable variation in credit losses or discount rates is not material due to the short turnover of receivables and historically low credit loss history. Interest accrues to Duke Energy Ohio and Duke Energy Indiana on retained interests using the acceptable yield method. This method generally approximates the stated rate on the notes since the allocated basis and face value are nearly equivalent. An impairment charge is recorded against the carrying value of both retained interests and purchased beneficial interest whenever it is determined an other-than-temporary impairment has occurred. Key assumptions used in estimating fair value in 2013 and 2012 are detailed in the following table. | |||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Anticipated credit loss ratio | 0.6 | % | 0.7 | % | 0.3 | % | 0.3 | % | |||||||||||||||||
Discount rate | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | |||||||||||||||||
Receivable turnover rate | 12.8 | % | 12.7 | % | 10.3 | % | 10.2 | % | |||||||||||||||||
The following table shows the gross and net receivables sold. | |||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||
Receivables sold | $ | 235 | $ | 282 | $ | 332 | $ | 289 | |||||||||||||||||
Less: Retained interests | 75 | 97 | 114 | 116 | |||||||||||||||||||||
Net receivables sold | $ | 160 | $ | 185 | $ | 218 | $ | 173 | |||||||||||||||||
The following tables show sales and cash flows related to receivables sold. | |||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||
Three Months Ended September 30, | Three Months Ended September 30, | ||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Sales | |||||||||||||||||||||||||
Receivables sold | $ | 514 | $ | 518 | $ | 765 | $ | 711 | |||||||||||||||||
Loss recognized on sale | 3 | 3 | 2 | 3 | |||||||||||||||||||||
Cash flows | |||||||||||||||||||||||||
Cash proceeds from receivables sold | 518 | 531 | 758 | 733 | |||||||||||||||||||||
Collection fees received | ― | ― | ― | ― | |||||||||||||||||||||
Return received on retained interests | 1 | 1 | 2 | 2 | |||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||
Nine Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Sales | |||||||||||||||||||||||||
Receivables sold | $ | 1,664 | $ | 1,618 | $ | 2,214 | $ | 2,118 | |||||||||||||||||
Loss recognized on sale | 9 | 10 | 8 | 9 | |||||||||||||||||||||
Cash flows | |||||||||||||||||||||||||
Cash proceeds from receivables sold | 1,674 | 1,651 | 2,204 | 2,130 | |||||||||||||||||||||
Collection fees received | 1 | 1 | 1 | 1 | |||||||||||||||||||||
Return received on retained interests | 4 | 4 | 5 | 5 | |||||||||||||||||||||
Cash flows from sales of receivables are reflected within Operating Activities on Duke Energy Ohio's and Duke Energy Indiana's Condensed Consolidated Statements of Cash Flows. | |||||||||||||||||||||||||
Collection fees received in connection with servicing transferred accounts receivable are included in Operation, maintenance and other on Duke Energy Ohio's and Duke Energy Indiana's Condensed Consolidated Statements of Operations and Comprehensive Income. The loss recognized on sales of receivables is calculated monthly by multiplying receivables sold during the month by the required discount. The required discount is derived monthly utilizing a three-year weighted average formula that considers charge-off history, late charge history, and turnover history on the sold receivables, as well as a component for the time value of money. The discount rate, or component for the time value of money, is calculated monthly by summing the prior month-end LIBOR plus a fixed rate of 1.00 percent. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Earnings Per Share | ' | |||||||||
12. EARNINGS PER COMMON SHARE (EPS) | ||||||||||
Basic Earnings Per Share (EPS) is computed by dividing net income attributable to Duke Energy common shareholders, adjusted for distributed and undistributed earnings allocated to participating securities, by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Duke Energy common shareholders, as adjusted for distributed and undistributed earnings allocated to participating securities, by the diluted weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, phantom shares and stock-based performance unit awards were exercised or settled. | ||||||||||
The following table presents Duke Energy's basic and diluted EPS calculations and reconciles the weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding. | ||||||||||
(In millions, except per-share amounts) | Income | Average Shares | EPS | |||||||
Three Months Ended September 30, 2013 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 989 | 706 | $ | 1.4 | |||||
Three Months Ended September 30, 2012 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 589 | 699 | $ | 0.84 | |||||
(In millions, except per-share amounts) | Income | Average Shares | EPS | |||||||
Nine Months Ended September 30, 2013 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,959 | 706 | $ | 2.78 | |||||
Nine Months Ended September 30, 2012 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,326 | 531 | $ | 2.5 | |||||
As of September 30, 2013 and 2012, 2 million and 1 million, respectively, of stock options and performance and unvested stock awards were not included in the dilutive securities calculation in the above table because either the option exercise prices were greater than the average market price of the common shares during those periods, or performance measures related to the awards had not yet been met. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||
13. STOCK-BASED COMPENSATION | |||||||||||||||
For employee awards, equity classified stock-based compensation cost is measured at the service inception date or the grant date, based on the estimated achievement of certain performance metrics or the fair value of the award, and is recognized as expense or capitalized as a component of property, plant and equipment over the requisite service period. | |||||||||||||||
Duke Energy recorded pretax stock-based compensation expense as follows. | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Stock options | $ | ― | $ | ― | $ | 2 | $ | 2 | |||||||
Restricted stock unit awards | 10 | 16 | 36 | 30 | |||||||||||
Performance awards | 7 | 16 | 25 | 19 | |||||||||||
Total | $ | 17 | $ | 32 | $ | 63 | $ | 51 | |||||||
Tax benefit associated with stock-based compensation expense | $ | 6 | $ | 13 | $ | 24 | $ | 20 | |||||||
Stock-based compensation costs capitalized | 1 | ― | 3 | 1 | |||||||||||
Employee_Benefit_Obligations
Employee Benefit Obligations | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Employee Benefit Plans [Abstract] | ' | |||||||||||||||||||||
Employee Benefit Obligations | ' | |||||||||||||||||||||
14. EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||
DEFINED BENEFIT RETIREMENT PLANS | ||||||||||||||||||||||
Duke Energy and its subsidiaries (including legacy Progress Energy and Cinergy businesses) maintain qualified, non-contributory defined benefit retirement plans. Duke Energy also maintains non-qualified, non-contributory defined benefit retirement plans, which cover certain executives. The Subsidiary Registrants participate in these plans. | ||||||||||||||||||||||
In September 2013, Duke Energy adopted a de-risking investment strategy for its pension plan assets. As the funded status of the Duke Energy and Progress Energy pension plans increase, over time the allocation to return-seeking assets will be reduced and the allocation to fixed-income assets will be increased to better manage Duke Energy's pension liability and reduce funded status volatility. Based on the current funded status of the plans, the asset allocation for the Duke Energy pension plans has been adjusted to 60 percent fixed-income assets and 40 percent return-seeking assets and the asset allocation for the Progress Energy pension plans | ||||||||||||||||||||||
Duke Energy has made contributions directly to pension plan assets during the nine months ended September 30, 2013 of $27 million, all of which relates to Duke Energy Florida. Future amounts contributed may be impacted by recently enacted legislation as well as other factors. | ||||||||||||||||||||||
Net periodic benefit costs disclosed in the tables below for pension and other post-retirement benefit plans represent the cost of the respective benefit plan for the periods presented. However, portions of the net periodic benefit costs disclosed in the tables below have been capitalized as a component of property, plant and equipment. | ||||||||||||||||||||||
Amounts presented in the tables below for the Subsidiary Registrants represent allocated amounts of pension and other post-retirement benefit cost for employees of the Subsidiary Registrants. Additionally, the Subsidiary Registrants are allocated their proportionate share of pension and post-retirement benefit cost for employees of Duke Energy's shared services affiliates that provide support to the Subsidiary Registrants. These allocated amounts are included in the governance and shared service costs discussed in Note 17. | ||||||||||||||||||||||
QUALIFIED PENSION PLANS | ||||||||||||||||||||||
The following tables include the components of net periodic pension costs for qualified pension plans. | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 41 | $ | 12 | $ | 15 | $ | 6 | $ | 8 | $ | 1 | $ | 2 | ||||||||
Interest cost on projected benefit obligation | 80 | 20 | 29 | 13 | 13 | 5 | 7 | |||||||||||||||
Expected return on plan assets | -137 | -37 | -50 | -24 | -21 | -7 | -11 | |||||||||||||||
Amortization of prior service credit | -2 | -2 | -1 | -1 | -1 | ― | ― | |||||||||||||||
Amortization of actuarial loss | 61 | 15 | 26 | 11 | 12 | 3 | 6 | |||||||||||||||
Other | 2 | 1 | ― | 1 | ― | ― | 1 | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 45 | $ | 9 | $ | 19 | $ | 6 | $ | 11 | $ | 2 | $ | 5 | ||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 39 | $ | 9 | $ | 16 | $ | 6 | $ | 8 | $ | 2 | $ | 2 | ||||||||
Interest cost on projected benefit obligation | 94 | 23 | 32 | 15 | 14 | 7 | 8 | |||||||||||||||
Expected return on plan assets | -142 | -36 | -48 | -25 | -21 | -11 | -12 | |||||||||||||||
Amortization of prior service cost | 3 | ― | 2 | 2 | ― | ― | 1 | |||||||||||||||
Amortization of actuarial loss | 47 | 11 | 24 | 9 | 13 | 2 | 3 | |||||||||||||||
Other | 2 | ― | 1 | 1 | ― | ― | ― | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 43 | $ | 7 | $ | 27 | $ | 8 | $ | 14 | $ | ― | $ | 2 | ||||||||
(a) | Duke Energy amounts exclude $3 million for each of the three months ended September 30, 2013 and 2012, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $1 million and $2 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 125 | $ | 37 | $ | 45 | $ | 17 | $ | 23 | $ | 4 | $ | 8 | ||||||||
Interest cost on projected benefit obligation | 240 | 60 | 87 | 38 | 40 | 16 | 21 | |||||||||||||||
Expected return on plan assets | -411 | -111 | -149 | -71 | -65 | -22 | -33 | |||||||||||||||
Amortization of prior service credit | -8 | -5 | -3 | -1 | -2 | ― | ― | |||||||||||||||
Amortization of actuarial loss | 183 | 45 | 76 | 34 | 37 | 9 | 17 | |||||||||||||||
Other | 5 | 2 | 1 | 1 | ― | ― | 1 | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 134 | $ | 28 | $ | 57 | $ | 18 | $ | 33 | $ | 7 | $ | 14 | ||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 84 | $ | 26 | $ | 47 | $ | 19 | $ | 22 | $ | 5 | $ | 7 | ||||||||
Interest cost on projected benefit obligation | 214 | 68 | 95 | 43 | 42 | 23 | 23 | |||||||||||||||
Expected return on plan assets | -330 | -109 | -141 | -72 | -61 | -33 | -35 | |||||||||||||||
Amortization of prior service cost | 6 | 1 | 7 | 6 | ― | ― | 2 | |||||||||||||||
Amortization of actuarial loss | 96 | 34 | 69 | 28 | 36 | 7 | 10 | |||||||||||||||
Other | 4 | 1 | 1 | 1 | ― | ― | ― | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 74 | $ | 21 | $ | 78 | $ | 25 | $ | 39 | $ | 2 | $ | 7 | ||||||||
(a) | Duke Energy amounts exclude $9 million and $10 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $4 million and $5 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
NON-QUALIFIED PENSION PLANS | ||||||||||||||||||||||
The following tables include the components of net periodic pension costs for non-qualified pension plans for registrants with non-qualified pension costs. | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | ||||||||||||
Interest cost on projected benefit obligation | 3 | ― | 1 | ― | ― | |||||||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | 1 | 1 | |||||||||||||||||
Net periodic pension costs | $ | 5 | $ | ― | $ | 3 | $ | 2 | $ | 1 | ||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||
Interest cost on projected benefit obligation | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | 1 | ||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | ― | ― | |||||||||||||||||
Net periodic pension costs | $ | 6 | $ | ― | $ | 3 | $ | 1 | $ | 1 | ||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||
Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | ||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | |||||||||||||||||
Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | |||||||||||||||||
Amortization of prior service credit | -1 | ― | -1 | ― | ― | |||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | ||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | ||||||||||||
Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||
Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | |||||||||||||||||
Amortization of prior service cost | 1 | ― | ― | ― | ― | |||||||||||||||||
Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | ||||||||||||
OTHER POST-RETIREMENT BENEFIT PLANS | ||||||||||||||||||||||
Duke Energy and most of its subsidiaries provide some health care and life insurance benefits for retired employees on a contributory and non-contributory basis. The Subsidiary Registrants participate in these plans. Employees are eligible for these benefits if they have met age and service requirements at retirement, as defined in the plans. The health care benefits include medical coverage, dental coverage, vision, and prescription drug coverage and are subject to certain limitations, such as deductibles and co-payments. | ||||||||||||||||||||||
Duke Energy uses a December 31 measurement date for its other post-retirement benefit plan assets and obligations. However, due to the impact of certain changes in Legacy Progress Energy health care benefits announced in September 2013, Duke Energy remeasured its Legacy Progress Energy other post-retirement benefit plan obligation as of September 30, 2013. There are no plan assets associated with the Legacy Progress Energy other post-retirement benefit plan. The discount rate used for the remeasurement was 4.7%. The health care cost trend rate of 8.5% reduces to 5.0% over eight years. The mortality tables were updated to account for mortality improvement. All other assumptions used for the remeasurement were consistent with the measurement as of December 31, 2012. | ||||||||||||||||||||||
The following table summarizes the reduction in accumulated other post-retirement benefit obligation recorded in September 2013 by each of the Duke Energy Registrants as a result of the remeasurement. The offsetting amounts for these items were recorded as decreases to regulatory assets. | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Duke Energy | $ | 551 | ||||||||||||||||||||
Progress Energy | 551 | |||||||||||||||||||||
Duke Energy Progress | 382 | |||||||||||||||||||||
Duke Energy Florida | 103 | |||||||||||||||||||||
The following tables include the components of net periodic other post-retirement benefit costs. | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 5 | $ | 2 | $ | 2 | $ | 1 | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 4 | 11 | 6 | 4 | 1 | 1 | |||||||||||||||
Expected return on plan assets | -4 | -3 | ― | ― | ― | -1 | ― | |||||||||||||||
Amortization of prior service credit | -2 | -2 | ― | ― | ― | ― | ― | |||||||||||||||
Amortization of net transition liability | 3 | 2 | 1 | ― | 1 | ― | ― | |||||||||||||||
Amortization of actuarial loss (gain) | 8 | 1 | 10 | 6 | 3 | -1 | ― | |||||||||||||||
Special termination charge | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 40 | $ | 4 | $ | 32 | $ | 16 | $ | 11 | $ | ― | $ | 2 | ||||||||
(a) | Duke Energy amounts exclude $2 million and $3 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 21 | $ | 2 | $ | 17 | $ | 9 | $ | 6 | $ | ― | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 55 | 9 | 35 | 19 | 13 | 1 | 4 | |||||||||||||||
Expected return on plan assets | -11 | -7 | ― | ― | ― | ― | -1 | |||||||||||||||
Amortization of prior service credit | -9 | -6 | -1 | -1 | ― | ― | ― | |||||||||||||||
Amortization of actuarial loss (gain) | 39 | 2 | 42 | 26 | 12 | -1 | 1 | |||||||||||||||
Net periodic other post-retirement benefit costs(a)(b) | $ | 95 | $ | ― | $ | 93 | $ | 53 | $ | 31 | $ | ― | $ | 5 | ||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 10 | $ | 2 | $ | 12 | $ | 6 | $ | 5 | $ | 1 | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 36 | 12 | 32 | 17 | 13 | 2 | 5 | |||||||||||||||
Expected return on plan assets | -12 | -8 | -1 | ― | -1 | -1 | -1 | |||||||||||||||
Amortization of prior service credit | -6 | -4 | ― | ― | ― | ― | 1 | |||||||||||||||
Amortization of net transition liability | 7 | 5 | 3 | ― | 2 | ― | ― | |||||||||||||||
Amortization of actuarial loss (gain) | 5 | 2 | 25 | 14 | 9 | -2 | -1 | |||||||||||||||
Special termination charge | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||
Net periodic other post-retirement benefit costs(a)(b) | $ | 49 | $ | 10 | $ | 76 | $ | 39 | $ | 29 | $ | ― | $ | 5 | ||||||||
(a) | Duke Energy amounts exclude $6 million and $7 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $1 million for each of the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||
EMPLOYEE SAVINGS PLANS | ||||||||||||||||||||||
Duke Energy and Progress Energy sponsor employee savings plans that cover substantially all U.S. employees. The Subsidiary Registrants participate in these plans. Most employees participate in a matching contribution formula where Duke Energy provides a matching contribution generally equal to 100 percent of employee before-tax and Roth 401(k) contributions, and, as applicable, after-tax contributions, of up to 6 percent of eligible pay per pay period. Dividends on Duke Energy shares held by the savings plans are charged to retained earnings when declared and shares held in the plans are considered outstanding in the calculation of basic and diluted EPS. | ||||||||||||||||||||||
Pretax employer matching contributions expensed were as follows. | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Duke Energy | $ | 30 | $ | 30 | $ | 101 | $ | 77 | ||||||||||||||
Duke Energy Carolinas | 10 | 8 | 34 | 28 | ||||||||||||||||||
Progress Energy | 12 | 12 | 34 | 35 | ||||||||||||||||||
Duke Energy Progress | 7 | 7 | 19 | 18 | ||||||||||||||||||
Duke Energy Florida | 4 | 4 | 11 | 11 | ||||||||||||||||||
Duke Energy Ohio | ― | 1 | 2 | 3 | ||||||||||||||||||
Duke Energy Indiana | 2 | 2 | 5 | 5 | ||||||||||||||||||
Severance
Severance | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Severance [Abstract] | ' | |||||||||||||||
Severance | ' | |||||||||||||||
15. SEVERANCE | ||||||||||||||||
In conjunction with the merger with Progress Energy, in November 2011, Duke Energy and Progress Energy offered a voluntary severance plan to certain eligible employees. As this was a voluntary severance plan, all severance benefits offered under this plan are considered special termination benefits under U.S. GAAP. Special termination benefits are measured upon employee acceptance and recorded immediately absent any significant retention period. If a significant retention period exists, the cost of the special termination benefits are recorded ratably over the retention period. Approximately 1,100 employees from Duke Energy and Progress Energy requested severance during the voluntary window, which closed on November 30, 2011. The estimated amount of future severance expense associated with this voluntary plan and other severance benefits through 2014 are not material. | ||||||||||||||||
Additionally, in the third quarter of 2012, a voluntary severance plan was offered to certain unionized employees of Duke Energy Ohio. Approximately 75 employees accepted the termination benefits during the voluntary window, which closed on October 8, 2012. The expense associated with this plan was not material. | ||||||||||||||||
In conjunction with the retirement of Crystal River Unit 3, severance benefits will be made available to certain eligible impacted unionized and non-unionized employees, to the extent that those employees do not find job opportunities at other locations. Approximately 600 employees worked at Crystal River Unit 3. For the nine months ended September 30, 2013, Duke Energy Florida deferred $26 million of severance costs as a regulatory asset. Severance costs expected to be accrued over the remaining retention period for employees identified to have a significant retention period is not material. However, these employees maintain the ability to accept job opportunities at other Duke Energy locations, which would result in severance not being paid. If a significant amount of these individuals redeploy within Duke Energy, the final severance benefits paid under the plan may be less than what has been accrued to date. Refer to Note 4 for further discussion regarding Crystal River Unit 3. | ||||||||||||||||
Amounts included in the table below represent direct and allocated severance and related expense recorded by the Duke Energy Registrants, and are recorded in Operation, maintenance, and other within Operating Expenses on the Condensed Consolidated Statements of Operations. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Duke Energy | $ | 5 | $ | 146 | $ | 30 | $ | 146 | ||||||||
Duke Energy Carolinas | — | 48 | 7 | 48 | ||||||||||||
Progress Energy | 4 | 66 | 17 | 66 | ||||||||||||
Duke Energy Progress | 3 | 42 | 12 | 42 | ||||||||||||
Duke Energy Florida | 1 | 24 | 5 | 24 | ||||||||||||
Duke Energy Ohio | — | 15 | 2 | 15 | ||||||||||||
Duke Energy Indiana | — | 13 | 2 | 13 | ||||||||||||
Amounts included in the table below represent the severance liability for past and ongoing severance plans. Amounts for Subsidiary Registrants do not include allocated expense or associated cash payments. Amounts for Duke Energy Ohio and Duke Energy Indiana are not material. | ||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Income_Taxes_and_Other_Taxes
Income Taxes and Other Taxes | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Income Taxes And Other Taxes [Abstract] | ' | |||||||||||||||||||||
Income Taxes And Other Taxes | ' | |||||||||||||||||||||
16. INCOME TAXES AND OTHER TAXES | ||||||||||||||||||||||
INCOME TAXES | ||||||||||||||||||||||
Duke Energy and its subsidiaries file income tax returns in the U.S. with federal and various state governmental authorities, and in certain foreign jurisdictions. The taxable income of Duke Energy and its subsidiaries is reflected in Duke Energy's U.S. federal and state income tax returns. These subsidiaries have a tax sharing agreement with Duke Energy where the separate return method is used to allocate tax expenses and benefits to the subsidiaries whose investments or results of operations provide these tax expenses and benefits. The accounting for income taxes essentially represents the income taxes that each of these subsidiaries would incur if it were a separate company filing its own tax return as a C-Corporation. | ||||||||||||||||||||||
The following table includes information regarding the Duke Energy Registrants' unrecognized tax benefits. | ||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Unrecognized tax benefits - January 1 | $ | 540 | $ | 271 | $ | 131 | $ | 67 | $ | 44 | $ | 36 | $ | 32 | ||||||||
Gross decreases - tax positions in prior periods | -230 | -96 | -85 | -45 | -37 | -36 | -31 | |||||||||||||||
Settlements | -66 | -4 | ― | ― | ― | ― | ― | |||||||||||||||
Total changes | -296 | -100 | -85 | -45 | -37 | -36 | -31 | |||||||||||||||
Unrecognized tax benefits - September 30(a) | $ | 244 | $ | 171 | $ | 46 | $ | 22 | $ | 7 | $ | ― | $ | 1 | ||||||||
(a) | The Duke Energy Registrants do not anticipate a significant increase or decrease in unrecognized tax benefits in the next twelve months. | |||||||||||||||||||||
Duke Energy and its subsidiaries are no longer subject to U.S. federal examination for years before 2006. The years 2006 and 2007 are in Appeals. The Internal Revenue Service (IRS) is currently auditing the federal income tax returns for years 2008 and 2011. With few exceptions, Duke Energy and its subsidiaries are no longer subject to state, local or non-U.S. income tax examinations by tax authorities for years before 1999. | ||||||||||||||||||||||
The effective tax rates for each of the Duke Energy Registrants are included in the following table. | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Duke Energy | 31.5 | % | 29.4 | % | 32.6 | % | 29.6 | % | ||||||||||||||
Duke Energy Carolinas | 37.9 | % | 34.2 | % | 37.5 | % | 35.8 | % | ||||||||||||||
Progress Energy | 38.8 | % | 32.8 | % | 38.1 | % | 34.7 | % | ||||||||||||||
Duke Energy Progress | 35.7 | % | 31.9 | % | 37.3 | % | 31.6 | % | ||||||||||||||
Duke Energy Florida | 40 | % | 35.9 | % | 40 | % | 36.9 | % | ||||||||||||||
Duke Energy Ohio | 42.9 | % | 45.2 | % | 40.4 | % | 38.9 | % | ||||||||||||||
Duke Energy Indiana | 36.6 | % | 55.1 | % | 37.2 | % | 47.7 | % | ||||||||||||||
The increase in the effective tax rate for Duke Energy for the nine months ended September 30, 2013, is primarily due to lower pretax income in 2012 due to the Edwardsport IGCC project impairment, Progress Energy results of operations included in 2013 compared to post-merger inclusion in 2012, impact of lower AFUDC equity in 2013, and a reduction of foreign deferred taxes in 2012 due to changes in foreign tax rates. | ||||||||||||||||||||||
The increase in the effective tax rate for Duke Energy Carolinas for the three months ended September 30, 2013, is primarily due to higher pretax book income and the impact of lower AFUDC equity in 2013. | ||||||||||||||||||||||
The increase in the effective tax rate for Progress Energy for the three and nine months ended September 30, 2013, is primarily due to the charges related to the 2013 Settlement Agreement, the impact of lower AFUDC equity and the Employee Stock Ownership Plan (ESOP) dividend deduction being recorded at Duke Energy in 2013. | ||||||||||||||||||||||
The increase in the effective tax rate for Duke Energy Progress for the three and nine months ended September 30, 2013, is primarily due to the favorable prior-year tax benefit related to the manufacturing deduction and the impact of lower AFUDC equity in 2013. | ||||||||||||||||||||||
The increase in the effective tax rate for Duke Energy Florida for the three and nine months ended September 30, 2013, is primarily due to charges related to the 2013 FPSC settlement agreement, the favorable prior-year tax benefit related to the manufacturing deduction and the impact of lower AFUDC equity in 2013. | ||||||||||||||||||||||
The decrease in the effective tax rate for Duke Energy Indiana for the three and nine months ended September 30, 2013, is primarily due to pretax income in 2013 compared to pretax loss in 2012 related to the Edwardsport IGCC project impairment and the impact of AFUDC equity in 2013 that reduced the tax expense compared to higher AFUDC in 2012, which increased the tax benefit. | ||||||||||||||||||||||
On July 23, 2013, North Carolina House Bill 998 (HB 998) was signed into law. HB 998 reduces the North Carolina corporate income tax rate from a statutory 6.9 percent to 6.0 percent in January 2014 with a further reduction to 5.0 percent in January 2015. Duke Energy recorded a net reduction of approximately $145 million to its North Carolina deferred tax liability in the third quarter of 2013. The significant majority of this deferred tax liability reduction was offset by recording a regulatory liability pending NCUC determination of the disposition of the amounts related to Duke Energy Carolinas and Duke Energy Progress. The impact of HB 998 did not have a significant impact on the financial position, results of operation, or cash flows of Duke Energy, Duke Energy Carolinas, Progress Energy or Duke Energy Progress. | ||||||||||||||||||||||
EXCISE TAXES | ||||||||||||||||||||||
Certain excise taxes levied by state or local governments are collected by the Duke Energy Registrants from their customers. These taxes, which are required to be paid regardless of the Duke Energy Registrants' ability to collect from the customer, are accounted for on a gross basis. When the Duke Energy Registrants act as an agent, and the tax is not required to be remitted if it is not collected from the customer, the taxes are accounted for on a net basis. The Duke Energy Registrants' excise taxes accounted for on a gross basis and recorded as operating revenues in the Condensed Consolidated Statements of Operations are included in the following table. | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Duke Energy | $ | 170 | $ | 178 | $ | 461 | $ | 325 | ||||||||||||||
Duke Energy Carolinas | 46 | 47 | 124 | 125 | ||||||||||||||||||
Progress Energy | 89 | 95 | 230 | 241 | ||||||||||||||||||
Duke Energy Progress | 33 | 33 | 88 | 85 | ||||||||||||||||||
Duke Energy Florida | 56 | 62 | 142 | 156 | ||||||||||||||||||
Duke Energy Ohio | 26 | 26 | 81 | 79 | ||||||||||||||||||
Duke Energy Indiana | 9 | 9 | 26 | 25 | ||||||||||||||||||
Related_Party_Transactions
Related Party Transactions | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Related Party Transactions [Abstract] | ' | ||||||||||||||
Related Party Transactions | ' | ||||||||||||||
17. RELATED PARTY TRANSACTIONS | |||||||||||||||
The Subsidiary Registrants engage in related party transactions, which are generally performed at cost and in accordance with the applicable state and federal commission regulations. Refer to the Condensed Consolidated Balance Sheets of the Subsidiary Registrants for balances due to or due from related parties. Amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income were as follows. | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
In addition to the amounts presented above, the Subsidiary Registrants record the impact on net income of other affiliate transactions, including rental of office space, participation in a money pool arrangement, other operational transactions and their proportionate share of certain charged expenses. See Note 6 to the Consolidated Financial Statements in the Annual Report on Form 10-K for more information regarding money pool. The net impact of these transactions was not material for the three and nine months ended September 30, 2013 and 2012 for the Subsidiary Registrants. | |||||||||||||||
As discussed in Note 11, certain trade receivables have been sold by Duke Energy Ohio and Duke Energy Indiana to CRC, an unconsolidated entity formed by a subsidiary of Duke Energy. The proceeds obtained from the sales of receivables are largely cash but do include a subordinated note from CRC for a portion of the purchase price. | |||||||||||||||
In January 2012, Duke Energy Ohio recorded a non-cash after tax equity transfer of $28 million related to the sale of Vermilion to Duke Energy Indiana. Duke Energy Indiana recorded a non-cash after tax equity transfer of $26 million for the purchase of Vermillion from Duke Energy Ohio. See note 2 for further discussion. | |||||||||||||||
Duke Energy Commercial Asset Management (DECAM) is a nonregulated, direct subsidiary of Duke Energy Ohio. DECAM conducts business activities, including the execution of commodity transactions, third party vendor and supply contracts and service contracts, for certain of Duke Energy's nonregulated entities. The commodity contracts that DECAM enters either do not qualify as hedges or are accounted for as undesignated contracts. Consequently, mark-to-market impacts of intercompany contracts with, and sales of power to, nonregulated entities are reflected in Duke Energy Ohio's Condensed Consolidated Statements of Operations and Comprehensive Income. These amounts totaled net expense of $7 million and net revenue of $31 million, respectively, for the nine months ended September 30, 2013 and 2012. Because it is not a rated entity, DECAM receives its credit support from Duke Energy or its nonregulated subsidiaries and not the regulated utility operations of Duke Energy Ohio. DECAM meets its funding needs through an intercompany loan agreement from a subsidiary of Duke Energy. DECAM also has the ability to loan money to the subsidiary of Duke Energy. DECAM had an outstanding intercompany loan receivable of $46 million at September 30, 2013 and an outstanding loan payable of $79 million as of December 31, 2012, which were recorded in Notes receivable from affiliated companies and Notes payable to affiliated companies, respectively, on Duke Energy Ohio's Condensed Consolidated Balance Sheets. |
New_Accounting_Standards
New Accounting Standards | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Standards [Abstract] | ' |
New Accounting Standards | ' |
18. NEW ACCOUNTING STANDARDS | |
The following new accounting standards were adopted by the Duke Energy Registrants subsequent to September 30, 2012, and the impact of such adoption, if applicable, has been presented in the accompanying Condensed Consolidated Financial Statements: | |
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 210 — Balance Sheet | |
In January 2013, the FASB issued revised accounting guidance to amend the existing disclosure requirements for offsetting financial assets and liabilities to enhance current disclosures, as well as to improve comparability of balance sheets prepared under U.S. GAAP and International Financial Reporting Standards (IFRS). The revised disclosure guidance affects all companies that have financial instruments and derivative instruments that are either offset in the balance sheet (i.e., presented on a net basis) or subject to an enforceable master netting arrangement and/or similar agreement. The revised guidance requires that certain enhanced quantitative and qualitative disclosures be made with respect to a company's netting arrangements and/or rights of setoff associated with its financial instruments and/or derivative instruments including associated collateral. For the Duke Energy Registrants, the revised disclosure guidance was effective on a retrospective basis for interim and annual periods beginning January 1, 2013. Other than additional disclosures, this revised guidance does not impact the Duke Energy Registrants' results of operations, cash flows or financial position. | |
ASC 220 — Comprehensive Income | |
In February 2013, the FASB amended the existing requirements for presenting comprehensive income in financial statements to improve the reporting of reclassifications out of AOCI. The amendments in the guidance seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of AOCI on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of AOCI is reclassified to a balance sheet account (for example, property, plant and equipment) instead of directly to income or expense in the same reporting period. For the Duke Energy Registrants, this revised guidance was effective on a prospective basis for interim and annual periods beginning January 1, 2013. This revised guidance does not impact the Duke Energy Registrants' results of operations, cash flows or financial position. | |
The following new Accounting Standards Update (ASU) has been issued, but has not yet been adopted by Duke Energy, as of September 30, 2013. | |
ASC 830—Foreign Currency Matters. | |
In March 2013, the FASB issued revised accounting guidance to resolve the diversity in practice about the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate) within a foreign entity. In addition, the amendments resolve the diversity in practice for the release of the cumulative translation adjustment involving business combinations achieved in stages by either a Duke investor or a third party acquirer. For the Duke Energy Registrants, the revised accounting guidance is effective on a prospective basis for interim and annual periods beginning January 1, 2014. The revised guidance will impact the timing of the recognition of the cumulative translation adjustment for certain future transactions and therefore, could impact the Duke Energy Registrants' results of operations, cash flows and financial position. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
19. SUBSEQUENT EVENTS | |
For information on subsequent events related to acquisitions and dispositions, regulatory matters, commitments and contingencies, debt and credit facilities, and risk management, derivatives and hedging activities see Notes 2, 4, 5, 6 and 8, respectively. |
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Policy Text Block [Line Items] | ' |
Organization | ' |
NATURE OF OPERATIONS AND BASIS OF CONSOLIDATION | |
Duke Energy Corporation (collectively with its subsidiaries, Duke Energy), is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the Federal Energy Regulatory Commission (FERC). Duke Energy operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. Duke Energy's subsidiaries include its subsidiary registrants, Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, Inc. (Duke Energy Progress); Duke Energy Florida, Inc. (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy Indiana, Inc. (Duke Energy Indiana). When discussing Duke Energy's consolidated financial information, it necessarily includes the results of its six separate subsidiary registrants (collectively referred to as the Subsidiary Registrants), which, along with Duke Energy, are collectively referred to as the Duke Energy Registrants. | |
As discussed in the combined Annual Report on Form 10-K for the year ended December 31, 2012, Duke Energy merged with Progress Energy on July 2, 2012. Accordingly, Duke Energy's consolidated financial statements include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012. See Note 2 for additional information regarding the merger. | |
The information in these combined notes relates to each of the Duke Energy Registrants as noted in the Index to Combined Notes. However, none of the registrants makes any representation as to information related solely to Duke Energy or the subsidiaries of Duke Energy other than itself. As discussed further in Note 3, Duke Energy operates three reportable business segments: U.S. Franchised Electric and Gas (USFE&G), Commercial Power and International Energy. The remainder of Duke Energy's operations is presented as Other. | |
These Condensed Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and all majority-owned subsidiaries where the respective Duke Energy Registrants have control and those variable interest entities (VIEs) where the respective Duke Energy Registrants are the primary beneficiary. These Condensed Consolidated Financial Statements also reflect the Duke Energy Registrants' proportionate share of certain generation and transmission facilities. | |
Duke Energy Carolinas, a wholly owned subsidiary of Duke Energy, is a regulated public utility that generates, transmits, distributes and sells electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), the Public Service Commission of South Carolina (PSCSC), the U.S. Nuclear Regulatory Commission (NRC), and the FERC. Substantially all of Duke Energy Carolinas' operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Carolinas' operations include one reportable business segment, Franchised Electric. | |
Progress Energy, a wholly owned subsidiary of Duke Energy, is a holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. As discussed further in Note 3, Progress Energy's operations include one reportable segment, Franchised Electric. | |
Duke Energy Progress, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, the PSCSC, the NRC, and the FERC. Substantially all of Duke Energy Progress' operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Progress' operations include one reportable segment, Franchised Electric. | |
Duke Energy Florida, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory provisions of the Florida Public Service Commission (FPSC), the NRC, and the FERC. Substantially all of Duke Energy Florida's operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Florida's operations include one reportable segment, Franchised Electric. | |
Duke Energy Ohio, an indirect wholly owned subsidiary of Duke Energy, is a combination electric and gas public utility that provides service in portions of Ohio and Kentucky. Operations in Kentucky are conducted through its wholly owned subsidiary, Duke Energy Kentucky, Inc. (Duke Energy Kentucky). Duke Energy Ohio also generates electricity in portions of Ohio, Illinois and Pennsylvania. Duke Energy Ohio's principal lines of business include generation, transmission and distribution of electricity, the sale of and/or transportation of natural gas, and energy marketing. Duke Energy Ohio conducts competitive auctions for retail electricity supply in Ohio whereby the energy price is recovered from retail customers. Duke Energy Kentucky's principal lines of business include generation, transmission and distribution of electricity, as well as the sale of and/or transportation of natural gas. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. Duke Energy Ohio is subject to the regulatory provisions of the Public Utilities Commission of Ohio (PUCO), the Kentucky Public Service Commission (KPSC), and the FERC. Duke Energy Ohio applies regulatory accounting treatment to substantially all of the operations in its Franchised Electric and Gas operating segment. See Note 3 for further information about Duke Energy Ohio's business segments. | |
Duke Energy Indiana, an indirect wholly owned subsidiary of Duke Energy, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and the FERC. Substantially all of Duke Energy Indiana's operations are regulated and qualify for regulatory accounting treatment. As discussed further in Note 3, Duke Energy Indiana's operations include one reportable business segment, Franchised Electric. | |
Use Of Estimates | ' |
BASIS OF PRESENTATION | |
These Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the U.S. for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all information and notes required by GAAP in the U.S. for annual financial statements. Because the interim Condensed Consolidated Financial Statements and Notes do not include all information and notes required by GAAP in the U.S. for annual financial statements, the Condensed Consolidated Financial Statements and other information included in this quarterly report should be read in conjunction with the Consolidated Financial Statements and Notes in the Duke Energy Registrants' combined Annual Report on Form 10-K for the year ended December 31, 2012. | |
These Condensed Consolidated Financial Statements reflect all normal recurring adjustments in the opinion of the respective companies' management, necessary to fairly present the financial position and results of operations of each of the Duke Energy Registrants. Amounts reported in Duke Energy's interim Condensed Consolidated Statements of Operations and each of the Subsidiary Registrants' interim Condensed Consolidated Statements of Income and Comprehensive Income are not necessarily indicative of amounts expected for the respective annual periods due to effects of seasonal temperature variations on energy consumption, regulatory rulings, timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, and other factors. | |
In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | |
Unbilled Revenue | ' |
UNBILLED REVENUE | |
Revenues on sales of electricity and gas are recognized when either the service is provided or the product is delivered. Unbilled revenues are estimated by applying an average rate for retail customers or a contract rate for wholesale customers by the estimated volume of energy delivered but not billed. The amount of unbilled revenues can vary significantly from period to period as a result of numerous factors, including seasonality, weather, customer usage patterns and customer mix. | |
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail and wholesale accounts receivable to Cinergy Receivables Company, LLC (CRC). These transfers meet sales/derecognition criteria and, therefore, Duke Energy Ohio and Duke Energy Indiana account for the transfers of receivables to CRC as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 11 for further information. Receivables for unbilled revenues related to retail and wholesale accounts receivable at Duke Energy Ohio and Duke Energy Indiana included in the sales of accounts receivable to CRC were as shown in the table below. | |
Income Taxes | ' |
Duke Energy and its subsidiaries file income tax returns in the U.S. with federal and various state governmental authorities, and in certain foreign jurisdictions. The taxable income of Duke Energy and its subsidiaries is reflected in Duke Energy's U.S. federal and state income tax returns. These subsidiaries have a tax sharing agreement with Duke Energy where the separate return method is used to allocate tax expenses and benefits to the subsidiaries whose investments or results of operations provide these tax expenses and benefits. The accounting for income taxes essentially represents the income taxes that each of these subsidiaries would incur if it were a separate company filing its own tax return as a C-Corporation. | |
Excise Taxes | ' |
Certain excise taxes levied by state or local governments are collected by the Duke Energy Registrants from their customers. These taxes, which are required to be paid regardless of the Duke Energy Registrants' ability to collect from the customer, are accounted for on a gross basis. When the Duke Energy Registrants act as an agent, and the tax is not required to be remitted if it is not collected from the customer, the taxes are accounted for on a net basis. | |
Duke Energy Ohio [Member] | ' |
Policy Text Block [Line Items] | ' |
Unbilled Revenue | ' |
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail and wholesale accounts receivable to Cinergy Receivables Company, LLC (CRC). These transfers meet sales/derecognition criteria and, therefore, Duke Energy Ohio and Duke Energy Indiana account for the transfers of receivables to CRC as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 11 for further information. Receivables for unbilled revenues related to retail and wholesale accounts receivable at Duke Energy Ohio and Duke Energy Indiana included in the sales of accounts receivable to CRC were as shown in the table below. | |
Duke Energy Indiana [Member] | ' |
Policy Text Block [Line Items] | ' |
Unbilled Revenue | ' |
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail and wholesale accounts receivable to Cinergy Receivables Company, LLC (CRC). These transfers meet sales/derecognition criteria and, therefore, Duke Energy Ohio and Duke Energy Indiana account for the transfers of receivables to CRC as sales. Accordingly, the receivables sold are not reflected on the Condensed Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 11 for further information. Receivables for unbilled revenues related to retail and wholesale accounts receivable at Duke Energy Ohio and Duke Energy Indiana included in the sales of accounts receivable to CRC were as shown in the table below. |
Organization_and_Basis_of_Pres2
Organization and Basis of Presentation (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Organization And Basis Of Presentation [Line Items] | ' | ||||||
Schedule Of Unbilled Revenues With Restricted Receivables | ' | ||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||
Duke Energy | $ | 856 | $ | 920 | |||
Duke Energy Carolinas | 288 | 315 | |||||
Progress Energy | 220 | 187 | |||||
Duke Energy Progress | 120 | 112 | |||||
Duke Energy Florida | 100 | 74 | |||||
Duke Energy Ohio | 33 | 47 | |||||
Duke Energy Indiana | 3 | 3 | |||||
Duke Energy Ohio [Member] | ' | ||||||
Organization And Basis Of Presentation [Line Items] | ' | ||||||
Schedule of Unbilled Revenues Sold to CRC | ' | ||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||
Duke Energy Ohio | $ | 65 | $ | 90 | |||
Duke Energy Indiana | 126 | 132 | |||||
Duke Energy Indiana [Member] | ' | ||||||
Organization And Basis Of Presentation [Line Items] | ' | ||||||
Schedule of Unbilled Revenues Sold to CRC | ' | ||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||
Duke Energy Ohio | $ | 65 | $ | 90 | |||
Duke Energy Indiana | 126 | 132 | |||||
Acquisitions_and_Sales_of_Othe1
Acquisitions and Sales of Other Assets (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Significant Acquisitions and Disposals [Line Items] | ' | |||||||
Schedule of Purchase Price Allocation | ' | |||||||
(in millions) | ||||||||
Current assets | $ | 3,204 | ||||||
Property, plant and equipment | 23,141 | |||||||
Goodwill | 12,469 | |||||||
Other long-term assets, excluding goodwill | 9,990 | |||||||
Total assets | 48,804 | |||||||
Current liabilities, including current maturities of long-term debt | 3,593 | |||||||
Long-term liabilities, preferred stock and noncontrolling interests | 10,394 | |||||||
Long-term debt | 16,746 | |||||||
Total liabilities and preferred stock | 30,733 | |||||||
Total purchase price | $ | 18,071 | ||||||
Pro Forma Information | ' | |||||||
(in millions, except per share amounts) | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||
Revenues | $ | 6,727 | $ | 18,309 | ||||
Net Income Attributable to Duke Energy Corporation | 889 | 1,888 | ||||||
Basic and Diluted Earnings Per Share | 1.26 | 2.68 | ||||||
Business_Segments_Tables
Business Segments (Tables) | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Data | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | USFE&G | International Energy | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated revenues(a)(b)(c) | $ | 5,768 | $ | 370 | $ | 541 | $ | 6,679 | $ | 30 | $ | ― | $ | 6,709 | Unaffiliated revenues | $ | 5,830 | $ | 382 | $ | 508 | $ | 6,720 | $ | 2 | $ | ― | $ | 6,722 | Unaffiliated revenues(a)(b)(c) | $ | 15,731 | $ | 1,168 | $ | 1,527 | $ | 18,426 | $ | 60 | $ | ― | $ | 18,486 | Unaffiliated revenues | $ | 11,178 | $ | 1,181 | $ | 1,560 | $ | 13,919 | $ | 10 | $ | ― | $ | 13,929 | |||||||||||||||||||||||||||||
Intersegment revenues | 18 | ― | 9 | 27 | 24 | -51 | ― | Intersegment revenues | 12 | ― | 17 | 29 | 18 | -47 | ― | Intersegment revenues | 35 | ― | 32 | 67 | 65 | -132 | ― | Intersegment revenues | 29 | ― | 47 | 76 | 41 | -117 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 5,786 | $ | 370 | $ | 550 | $ | 6,706 | $ | 54 | $ | -51 | $ | 6,709 | Total revenues | $ | 5,842 | $ | 382 | $ | 525 | $ | 6,749 | $ | 20 | $ | -47 | $ | 6,722 | Total revenues | $ | 15,766 | $ | 1,168 | $ | 1,559 | $ | 18,493 | $ | 125 | $ | -132 | $ | 18,486 | Total revenues | $ | 11,207 | $ | 1,181 | $ | 1,607 | $ | 13,995 | $ | 51 | $ | -117 | $ | 13,929 | |||||||||||||||||||||||||||||
Segment income(a)(b)(c)(d) | $ | 923 | $ | 116 | $ | 27 | $ | 1,066 | $ | -76 | $ | ― | $ | 990 | Segment income(a)(b) | $ | 790 | $ | 103 | $ | 12 | $ | 905 | $ | -315 | $ | ― | $ | 590 | Segment income(a)(b)(c)(d)(e)(f) | $ | 1,932 | $ | 300 | $ | 26 | $ | 2,258 | $ | -292 | $ | ― | $ | 1,966 | Segment income(a)(b) | $ | 1,263 | $ | 350 | $ | 71 | $ | 1,684 | $ | -356 | $ | ― | $ | 1,328 | |||||||||||||||||||||||||||||
Add back noncontrolling interests component | 4 | Add back noncontrolling interests component | 4 | Add back noncontrolling interests component | 7 | Add back noncontrolling interests component | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 14 | Income from discontinued operations, net of tax | 4 | Income from discontinued operations, net of tax | 11 | Income from discontinued operations, net of tax | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | 1,008 | Net income | $ | 598 | Net income | $ | 1,984 | Net income | $ | 1,345 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment assets as of September 30, 2013 | $ | 99,269 | $ | 5,669 | $ | 6,852 | $ | 111,790 | $ | 2,658 | $ | 142 | $ | 114,590 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | USFE&G recorded an impairment related to the Edwardsport Integrated Gasification Combined Cycle (IGCC) project. See Note 4 for additional information on the Edwardsport impairment. | (a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | (a) | USFE&G recorded an impairment charge related to Duke Energy Indiana's IGCC project. USFE&G also recorded the reversal of expenses of $60 million related to a prior year Voluntary Opportunity Plan in accordance with Duke Energy Carolinas' 2011 rate case. See Note 4 for additional information about the impairment charges. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | (b) | Other includes after-tax costs to achieve the merger with Progress Energy of $293 million. See Note 2 for additional information about the merger. | (b) | In June 2013, Duke Energy Progress implemented revised customer rates approved by the NCUC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | (b) | Other includes after-tax costs to achieve the merger with Progress Energy of $306 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | In June 2013, Duke Energy Progress implemented revised customer rates approved by the NCUC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | (c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | (d) | USFE&G recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 impairment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(d) | Other includes after-tax costs to achieve the merger with Progress Energy of $54 million. See Note 2 for additional information about the merger. | (e) | USFE&G recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. USFE&G also recorded an impairment charge related to Duke Energy Florida's proposed Levy Nuclear Station (Levy). See Note 4 for additional information about the Harris site and Levy site impairments. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(f) | Other includes after-tax costs to achieve the merger with Progress Energy of $139 million. See Note 2 for additional information about the merger. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Data | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | (in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated revenues(a) | $ | 421 | $ | 398 | $ | 819 | $ | ― | $ | ― | $ | 819 | Unaffiliated revenues | $ | 431 | $ | 326 | $ | 757 | $ | ― | $ | ― | $ | 757 | Unaffiliated revenues(a) | $ | 1,317 | $ | 1,060 | $ | 2,377 | $ | ― | $ | ― | $ | 2,377 | Unaffiliated revenues | $ | 1,291 | $ | 1,095 | $ | 2,386 | $ | ― | $ | ― | $ | 2,386 | |||||||||||||||||||||||||||||||||||||
Intersegment revenues | ― | 6 | 6 | ― | -6 | ― | Intersegment revenues | ― | 15 | 15 | ― | -15 | ― | Intersegment revenues | ― | 25 | 25 | ― | -25 | ― | Intersegment revenues | ― | 42 | 42 | ― | -42 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 421 | $ | 404 | $ | 825 | $ | ― | $ | -6 | $ | 819 | Total revenues | $ | 431 | $ | 341 | $ | 772 | $ | ― | $ | -15 | $ | 757 | Total revenues | $ | 1,317 | $ | 1,085 | $ | 2,402 | $ | ― | $ | -25 | $ | 2,377 | Total revenues | $ | 1,291 | $ | 1,137 | $ | 2,428 | $ | ― | $ | -42 | $ | 2,386 | |||||||||||||||||||||||||||||||||||||
Segment income / Consolidated net income(a) | $ | 42 | $ | 30 | $ | 72 | $ | -13 | $ | ― | $ | 59 | Segment income (loss) / Consolidated net income | $ | 49 | $ | -17 | $ | 32 | $ | -18 | $ | ― | $ | 14 | Segment income (loss) / Consolidated net income(a) | $ | 122 | $ | -3 | $ | 119 | $ | -23 | $ | ― | $ | 96 | Segment income / Consolidated net income | $ | 113 | $ | 44 | $ | 157 | $ | -24 | $ | ― | $ | 133 | |||||||||||||||||||||||||||||||||||||
Segment assets as of September 30, 2013 | $ | 6,631 | $ | 4,088 | $ | 10,719 | $ | 103 | $ | -165 | $ | 10,657 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts FE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts FE&G. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -26 | $ | -119 | $ | -69 | $ | -137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -72 | -181 | -205 | -278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -20 | -109 | -40 | -119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -6 | -23 | -18 | -30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -5 | -14 | -13 | -19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of Potential Plant Retirements | ' | |||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | (b) | Progress Energy | Duke Energy Progress | (c)(d) | Duke Energy Florida | (e) | Duke Energy Ohio | (f) | Duke Energy Indiana | (g) | |||||||||||||||||
Capacity (in MW) | 3,244 | 200 | 1,448 | 575 | 873 | 928 | 668 | |||||||||||||||||||||
Remaining net book value (in millions)(a) | $ | 319 | $ | 14 | $ | 171 | $ | 59 | $ | 112 | $ | 10 | $ | 124 | ||||||||||||||
(a) | Included in Property, plant and equipment, net as of September 30, 2013, on the Condensed Consolidated Balance Sheets, unless otherwise noted. | |||||||||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||||||||
(c) | Includes Sutton Station, which is expected to be retired by the end of 2013. | |||||||||||||||||||||||||||
(d) | Remaining net book value of Duke Energy Progress' Sutton Station is included in Generation facilities to be retired, net, on the Condensed Consolidated Balance Sheets at September 30, 2013. | |||||||||||||||||||||||||||
(e) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||||||
(f) | Includes Beckjord Station Units 2 through 6 and Miami Fort Unit 6. Beckjord units have no remaining book value. Beckjord units 2 and 3 were retired effective October 1, 2013. | |||||||||||||||||||||||||||
(g) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||||||||
Duke Energy continues to evaluate the potential need to retire these coal-fired generating facilities earlier than the current estimated useful lives, and plans to seek regulatory recovery for amounts that would not be otherwise recovered when any of these assets are retired. However, such recovery, including recovery of carrying costs on remaining book values, could be subject to future regulatory approvals and therefore cannot be assured. | ||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of FPSC Settlement Agreement Customer Refunds | ' | |||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||||||||
2012 Settlement refund(a) | $ | 288 | $ | 97 | $ | 32 | $ | 139 | $ | 10 | $ | 10 | ||||||||||||||||
Retirement decision refund | 100 | ― | ― | ― | 40 | 60 | ||||||||||||||||||||||
NEIL proceeds | 490 | 245 | 81 | 164 | ― | ― | ||||||||||||||||||||||
Total customer refunds | $ | 878 | 342 | 113 | 303 | 50 | 70 | |||||||||||||||||||||
Accelerated regulatory asset recovery | -135 | ― | ― | -38 | -38 | -59 | ||||||||||||||||||||||
Net customer refunds | 743 | $ | 342 | $ | 113 | $ | 265 | $ | 12 | $ | 11 | |||||||||||||||||
(a) | See discussion under Customer Rate Matters section below. | |||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | |||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of MISO Exit Fee Obligations | ' | |||||||||||||||||||||||||||
(in millions) | Balance at December 31, 2012 | Provision / Adjustments | Cash Reductions | Balance at September 30, 2013(a) | ||||||||||||||||||||||||
Duke Energy Ohio | $ | 97 | $ | 3 | $ | -3 | $ | 97 | ||||||||||||||||||||
(a) | As of September 30, 2013, $70 million is recorded as a Regulatory asset on Duke Energy Ohio's Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Table) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Accrual For Environmental Loss Contingencies | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 75 | $ | 12 | $ | 33 | $ | 14 | $ | 19 | $ | 15 | $ | 8 | ||||||||||||||||||||||||||||||
Provisions / adjustments | 6 | ― | 5 | 1 | 4 | -1 | 1 | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||
Cash reductions | -17 | ― | -6 | -2 | -4 | -8 | -2 | Balance at December 31, 2011 | $ | 61 | $ | 12 | $ | 23 | $ | 11 | $ | 12 | $ | 28 | $ | 9 | ||||||||||||||||||||||
Balance at September 30, 2013 | $ | 64 | $ | 12 | $ | 32 | $ | 13 | $ | 19 | $ | 6 | $ | 7 | Provisions / adjustments | 43 | 1 | 16 | 4 | 12 | 10 | 2 | ||||||||||||||||||||||
Cash reductions | -19 | ― | -7 | -2 | -5 | -15 | -2 | |||||||||||||||||||||||||||||||||||||
Balance at September 30, 2012 | $ | 85 | $ | 13 | $ | 32 | $ | 13 | $ | 19 | $ | 23 | $ | 9 | ||||||||||||||||||||||||||||||
Schedule of Additional Possible Losses in Excess of Recorded Environmental Reserves | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 75 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 29 | |||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 6 | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 3 | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 3 | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 35 | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 5 | |||||||||||||||||||||||||||||||||||||||||||
Estimated Costs of Complying With Recently Issued and Proposed EPA Regulations | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | Range | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 650 | - | 800 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 65 | - | 85 | |||||||||||||||||||||||||||||||||||||||||
Progress Energy | 7 | - | 30 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 5 | - | 10 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 2 | - | 20 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 40 | - | 85 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 540 | - | 600 | |||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(b) | $ | 782 | $ | 846 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 633 | 751 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 74 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida(c) | 43 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 8 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Probable Insurance Recoveries(d) | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy(e) | $ | 649 | $ | 781 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(e) | 649 | 781 | ||||||||||||||||||||||||||||||||||||||||||
(a) | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes reserves for asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes workers' compensation claims. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||||||||||||||||||||||||||||||||||||||||||
Debt_and_Credit_Facilities_Tab
Debt and Credit Facilities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | |||||||||||||||||||||||||||||||
Schedule Of Significant Debt Issuances | ' | |||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | |||||||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | ||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | ||||||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | ||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | ||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
March 2013(i) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | ||||||||||||||||||||||||
June 2013(j) | Jun-41 | 4 | % | ― | 48 | ― | ― | 48 | ||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | ||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | ||||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | ||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | ||||||||||||||||||||||||
Total issuances | $ | 1,400 | $ | 548 | $ | 450 | $ | 500 | $ | 3,771 | ||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds from the issuance were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS). The securities were redeemed at par plus accrued and unpaid distributions, payable upon presentation on the redemption date. The remaining net proceeds were used to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 11 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||
(b) | Proceeds from the issuance were used to repay $250 million of current maturities. The remaining net proceeds were used for general corporate purposes, including the repayment of outstanding commercial paper. | |||||||||||||||||||||||||||||||
(c) | Proceeds from the issuance were used to repay $200 million of current maturities. The maturity date included above applies to half of the instrument. The remaining half matures in August 2018. | |||||||||||||||||||||||||||||||
(d) | The debt is floating rate based on a consumer price index and an overnight funds rate in Brazil. The debt is denominated in Brazilian Real. | |||||||||||||||||||||||||||||||
(e) | Proceeds from the issuance were used to repay commercial paper as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(f) | Represents the conversion of construction loans related to a renewable energy project issued in December 2012 to term loans. No cash proceeds were received in conjunction with the conversion. The term loans have varying maturity dates. The maturity date presented represents the latest date for all components of the respective loans. | |||||||||||||||||||||||||||||||
(g) | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | |||||||||||||||||||||||||||||||
(h) | Represents primarily the conversion of a $190 million bridge loan issued in conjunction with the acquisition of Ibener in December 2012. Duke Energy received incremental proceeds of $40 million upon conversion of the bridge loan. The debt is floating rate and is denominated in U.S. dollars. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 75 percent of the loan. | |||||||||||||||||||||||||||||||
(i) | Proceeds from the issuance were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(j) | Callable after June 2023 at par. Proceeds from the issuance were used to redeem $48 million of First Mortgage Bonds with a higher interest rate. | |||||||||||||||||||||||||||||||
(k) | Proceeds from the issuances were used to repay $400 million of current maturities. | |||||||||||||||||||||||||||||||
(l) | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed spread of 35 basis points. | |||||||||||||||||||||||||||||||
(m) | Proceeds from the issuances were used for general corporate purposes including the repayment of short-term notes payable, a portion of which was incurred to fund the retirement of $250 million of first mortgage bonds that matured in the first half of 2013. | |||||||||||||||||||||||||||||||
(n) | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | |||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | |||||||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | ||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | ||||||||||||||||||||||||
Secured Debt | ||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | ||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | ||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | ||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
March 2013(i) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | ||||||||||||||||||||||||
June 2013(j) | Jun-41 | 4 | % | ― | 48 | ― | ― | 48 | ||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | ||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | ||||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | ||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | ||||||||||||||||||||||||
Total issuances | $ | 1,400 | $ | 548 | $ | 450 | $ | 500 | $ | 3,771 | ||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds from the issuance were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS). The securities were redeemed at par plus accrued and unpaid distributions, payable upon presentation on the redemption date. The remaining net proceeds were used to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 11 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||
(b) | Proceeds from the issuance were used to repay $250 million of current maturities. The remaining net proceeds were used for general corporate purposes, including the repayment of outstanding commercial paper. | |||||||||||||||||||||||||||||||
(c) | Proceeds from the issuance were used to repay $200 million of current maturities. The maturity date included above applies to half of the instrument. The remaining half matures in August 2018. | |||||||||||||||||||||||||||||||
(d) | The debt is floating rate based on a consumer price index and an overnight funds rate in Brazil. The debt is denominated in Brazilian Real. | |||||||||||||||||||||||||||||||
(e) | Proceeds from the issuance were used to repay commercial paper as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(f) | Represents the conversion of construction loans related to a renewable energy project issued in December 2012 to term loans. No cash proceeds were received in conjunction with the conversion. The term loans have varying maturity dates. The maturity date presented represents the latest date for all components of the respective loans. | |||||||||||||||||||||||||||||||
(g) | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | |||||||||||||||||||||||||||||||
(h) | Represents primarily the conversion of a $190 million bridge loan issued in conjunction with the acquisition of Ibener in December 2012. Duke Energy received incremental proceeds of $40 million upon conversion of the bridge loan. The debt is floating rate and is denominated in U.S. dollars. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 75 percent of the loan. | |||||||||||||||||||||||||||||||
(i) | Proceeds from the issuance were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||
(j) | Callable after June 2023 at par. Proceeds from the issuance were used to redeem $48 million of First Mortgage Bonds with a higher interest rate. | |||||||||||||||||||||||||||||||
(k) | Proceeds from the issuances were used to repay $400 million of current maturities. | |||||||||||||||||||||||||||||||
(l) | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed spread of 35 basis points. | |||||||||||||||||||||||||||||||
(m) | Proceeds from the issuances were used for general corporate purposes including the repayment of short-term notes payable, a portion of which was incurred to fund the retirement of $250 million of first mortgage bonds that matured in the first half of 2013. | |||||||||||||||||||||||||||||||
(n) | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | |||||||||||||||||||||||||||||||
Schedule Of Current Maturities | ' | |||||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 30-Sep-13 | |||||||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
Duke Energy (Parent) | Feb-14 | 6.3 | % | $ | 750 | |||||||||||||||||||||||||||
Progress Energy (Parent) | Mar-14 | 6.05 | % | 300 | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Sep-14 | 3.95 | % | 500 | ||||||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Nov-13 | 5.75 | % | 400 | ||||||||||||||||||||||||||||
Other | 357 | |||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,307 | ||||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 30-Sep-13 | |||||||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||
Duke Energy (Parent) | Feb-14 | 6.3 | % | $ | 750 | |||||||||||||||||||||||||||
Progress Energy (Parent) | Mar-14 | 6.05 | % | 300 | ||||||||||||||||||||||||||||
Duke Energy (Parent) | Sep-14 | 3.95 | % | 500 | ||||||||||||||||||||||||||||
First Mortgage Bonds | ||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Nov-13 | 5.75 | % | 400 | ||||||||||||||||||||||||||||
Other | 357 | |||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,307 | ||||||||||||||||||||||||||||||
Schedule Of Line Of Credit Facilities | ' | |||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
(in millions) | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Facility size(a) | $ | 1,750 | $ | 1,250 | $ | 750 | $ | 750 | $ | 750 | $ | 750 | $ | 6,000 | ||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -256 | -300 | -244 | ― | -29 | -150 | -979 | |||||||||||||||||||||||||
Outstanding letters of credit | -57 | -4 | -2 | -1 | ― | ― | -64 | |||||||||||||||||||||||||
Tax-exempt bonds | ― | -75 | ― | ― | -84 | -81 | -240 | |||||||||||||||||||||||||
Available capacity | $ | 1,437 | $ | 871 | $ | 504 | $ | 749 | $ | 637 | $ | 519 | $ | 4,717 | ||||||||||||||||||
(a) | Represents the sublimit of each borrower at September 30, 2013. | |||||||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified as long-term borrowings within Long-term Debt in Duke Energy Carolina’s and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
(in millions) | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||
Facility size(a) | $ | 1,750 | $ | 1,250 | $ | 750 | $ | 750 | $ | 750 | $ | 750 | $ | 6,000 | ||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -256 | -300 | -244 | ― | -29 | -150 | -979 | |||||||||||||||||||||||||
Outstanding letters of credit | -57 | -4 | -2 | -1 | ― | ― | -64 | |||||||||||||||||||||||||
Tax-exempt bonds | ― | -75 | ― | ― | -84 | -81 | -240 | |||||||||||||||||||||||||
Available capacity | $ | 1,437 | $ | 871 | $ | 504 | $ | 749 | $ | 637 | $ | 519 | $ | 4,717 | ||||||||||||||||||
(a) | Represents the sublimit of each borrower at September 30, 2013. | |||||||||||||||||||||||||||||||
(b) | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified as long-term borrowings within Long-term Debt in Duke Energy Carolina’s and Duke Energy Indiana’s Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||
Goodwill_Tables
Goodwill (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||
Goodwill [Line Items] | ' | ' | ||||||||||||||||||||||||
Goodwill By Reportable Operating Segment | ' | ' | ||||||||||||||||||||||||
Acquisitions (a) | 2 | 2 | -5 | -1 | (in millions) | USFE&G | Commercial Power | International Energy | Total | |||||||||||||||||
Foreign exchange and other changes | -2 | ― | -17 | -19 | Balance at December 31, 2012 | |||||||||||||||||||||
Balance at September 30, 2013 | Goodwill | $ | 15,950 | $ | 933 | $ | 353 | $ | 17,236 | |||||||||||||||||
Goodwill | 15,950 | 935 | 331 | 17,216 | Accumulated impairment charges | ― | -871 | ― | -871 | |||||||||||||||||
Accumulated impairment charges | ― | -871 | ― | -871 | Balance at December 31, 2012, as adjusted for accumulated impairment charges | 15,950 | 62 | 353 | 16,365 | |||||||||||||||||
Balance at September 30, 2013, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 64 | $ | 331 | $ | 16,345 | ||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ||||||||||||||||||||||||
Goodwill [Line Items] | ' | ' | ||||||||||||||||||||||||
Goodwill By Reportable Operating Segment | ' | ' | ||||||||||||||||||||||||
Foreign exchange and other changes | -1 | ― | -1 | (in millions) | Franchised Electric & Gas | Commercial Power | Total | |||||||||||||||||||
Balance at September 30, 2013 | Balance at December 31, 2012 | |||||||||||||||||||||||||
Goodwill | 1,136 | 1,188 | 2,324 | Goodwill | $ | 1,137 | $ | 1,188 | $ | 2,325 | ||||||||||||||||
Accumulated impairment charges | -216 | -1,188 | -1,404 | Accumulated impairment charges | -216 | -1,188 | -1,404 | |||||||||||||||||||
Balance at September 30, 2013, as adjusted for accumulated impairment charges | $ | 920 | $ | ― | $ | 920 | Balance at December 31, 2012, as adjusted for accumulated impairment charges | 921 | ― | 921 | ||||||||||||||||
Risk_Management_Derivative_Ins1
Risk Management, Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges(a)(b) | $ | 1,190 | $ | ― | $ | ― | $ | ― | $ | ― | Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||
Undesignated contracts | 34 | ― | ― | 27 | ― | Undesignated contracts | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,224 | $ | ― | $ | ― | $ | 27 | $ | ― | Fair value hedges | 250 | ― | ― | 250 | ― | ||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||
Underlying Notional Amounts for Commodity Derivative Instruments Accounted for at Fair Value | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||
Electricity-energy (Gigawatt-hours)(a) | 63,264 | 1,305 | 925 | 925 | ― | 59,662 | 702 | Electricity-energy (Gigawatt-hours)(a) | 52,104 | 2,028 | 1,850 | 1,850 | ― | 51,215 | 97 | |||||||||||||||||||||||||||||||||||||||
Natural gas (millions of decatherms) | 536 | ― | 336 | 129 | 207 | 200 | ― | Natural gas (millions of decatherms) | 528 | ― | 348 | 118 | 230 | 180 | ― | |||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | 1 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | ― | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | ― | ― | 2 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | 21 | ― | 7 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | 52 | ― | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 14 | ― | 35 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 21 | 67 | 9 | 119 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | 46 | 1 | 41 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | 167 | 104 | 106 | 50 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | 136 | 372 | 106 | 407 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 4 | 171 | 2 | 255 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | 1 | ― | 76 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 4 | ― | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 353 | 653 | 255 | 798 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 374 | $ | 720 | $ | 264 | $ | 917 | ||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | 159 | $ | 175 | $ | 338 | $ | 265 | Gross amounts recognized | $ | 127 | $ | 96 | $ | 402 | $ | 295 | |||||||||||||||||||||||||||||||||||||
Gross amounts offset | -142 | -108 | -168 | -122 | Gross amounts offset | -114 | -54 | -151 | -90 | |||||||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | 17 | 67 | 170 | 143 | Net amounts subject to master netting | 13 | 42 | 251 | 205 | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | 23 | 17 | 89 | 28 | Amounts not subject to master netting | 22 | 19 | 166 | 54 | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 40 | (a) | $ | 84 | (b) | $ | 259 | (c) | $ | 171 | (d) | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 35 | (a) | $ | 61 | (b) | $ | 417 | (c) | $ | 259 | (d) | |||||||||||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | ― | $ | -4 | Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ― | 1 | Interest rate contracts | $ | 71 | $ | -30 | |||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | ― | $ | -3 | Commodity contracts | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings(a) | Total Pretax Gains (Losses) Recorded in AOCI | $ | 72 | $ | -29 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(b) | Location of Pretax Gains (Losses) Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | ― | $ | 2 | Interest rate contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | ― | $ | 2 | Interest expense | $ | -2 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -2 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationship and reclassified into earnings during the current period. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | 3 | $ | -22 | Revenue: Regulated electric | $ | 10 | $ | -22 | |||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | -7 | -28 | Revenue: Nonregulated electric, natural gas and other | -15 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income and expenses | ― | -1 | Other income and expenses | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power - regulated | -68 | -135 | Fuel used in electric generation and purchased power - regulated(a) | -157 | -135 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -2 | ― | Fuel used in electric generation and purchased power - nonregulated | -20 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | -4 | -4 | Interest expense | -13 | -4 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -78 | $ | -190 | Total Pretax (Losses) Gains Recognized in Earnings | $ | -195 | $ | -154 | |||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -29 | $ | 61 | Regulatory assets | $ | -34 | $ | 61 | |||||||||||||||||||||||||||||||||||||||||||||
Regulatory liabilities | 6 | 12 | Regulatory liabilities | 10 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts(c) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 12 | 7 | Regulatory assets | 51 | -3 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recognized as Regulatory Assets or Liabilities | $ | -11 | $ | 80 | Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 27 | $ | 92 | |||||||||||||||||||||||||||||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts are recorded as regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | |||||||||||||||||||||||||||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||||||||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | 3 | $ | ― | $ | 6 | ||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 1 | ― | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | ― | 4 | ― | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | ― | $ | 4 | $ | ― | $ | 12 | ||||||||||||||||||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts receive regulatory accounting treatment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | ― | 3 | 1 | Amounts not subject to master netting | ― | ― | 6 | 6 | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | $ | ― | $ | 3 | (a) | $ | 1 | (b) | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | $ | ― | $ | 6 | (a) | $ | 6 | (b) | |||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Undesignated contracts | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | 250 | ― | ― | 250 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 1 | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 1 | ― | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | ― | ― | 3 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 8 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | 1 | 159 | ― | 231 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 2 | 125 | ― | 195 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 3 | 284 | 11 | 437 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 3 | $ | 285 | $ | 11 | $ | 440 | ||||||||||||||||||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 2 | $ | 159 | $ | 122 | Gross amounts recognized | $ | 3 | $ | 8 | $ | 244 | $ | 192 | |||||||||||||||||||||||||||||||||||||
Gross amounts offset | -1 | -1 | -13 | -15 | Gross amounts offset | ― | ― | -22 | -36 | |||||||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | ― | 1 | 146 | 107 | Net amount subject to master netting | 3 | 8 | 222 | 156 | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | 4 | Amounts not subject to master netting | ― | ― | ― | 4 | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | (a) | $ | 1 | (b) | $ | 146 | (c) | $ | 111 | (d) | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 3 | (a) | $ | 8 | (b) | $ | 222 | (c) | $ | 160 | (d) | |||||||||||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax Losses Recorded in AOCI | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ― | 1 | Pretax Gains (Losses) Recorded in AOCI | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recorded in AOCI | $ | ― | $ | 1 | Interest rate contracts | $ | ― | $ | -11 | |||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Losses Reclassified from AOCI into Earnings(a) | Commodity contracts | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(b) | Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -10 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | -5 | $ | -2 | Location of Pretax Losses Reclassified from AOCI into Earnings(a) | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -5 | $ | -2 | Interest rate contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | -5 | $ | -12 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | -5 | $ | -12 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationships and reclassified into earnings during the current period. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 3 | $ | -9 | Operating revenues | $ | 10 | $ | -9 | |||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power(a) | -68 | -135 | Fuel used in electric generation and purchased power(a) | -157 | -395 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | -4 | -4 | Interest expense | -13 | -4 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -69 | $ | -148 | Total Pretax Losses Recognized in Earnings | $ | -160 | $ | -408 | |||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(b) | Commodity contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -31 | $ | 60 | Regulatory assets | $ | -34 | $ | -108 | |||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(c) | Interest rate contracts(c) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 4 | 2 | Regulatory assets | 13 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -27 | $ | 62 | Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | -21 | $ | -106 | |||||||||||||||||||||||||||||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts are recorded as regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | |||||||||||||||||||||||||||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||||||||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Undesignated contracts | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | 250 | ― | ― | 250 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | ― | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | ― | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | 65 | ― | 85 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 43 | ― | 68 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 1 | 108 | 2 | 164 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 1 | $ | 108 | $ | 2 | $ | 166 | ||||||||||||||||||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | ― | $ | 1 | $ | 65 | $ | 43 | Gross amounts recognized | $ | 1 | $ | 1 | $ | 97 | $ | 69 | |||||||||||||||||||||||||||||||||||||
Gross amounts offset | ― | ― | -3 | -2 | Gross amounts offset | ― | ― | -2 | -7 | |||||||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | ― | 1 | 62 | 41 | Net amount subject to master netting | 1 | 1 | 95 | 62 | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | ― | (a) | $ | 1 | (b) | $ | 62 | (c) | $ | 41 | (d) | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 1 | (a) | $ | 1 | (b) | $ | 95 | (c) | $ | 62 | (d) | |||||||||||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
The amounts of gains and losses recognized on derivative instruments designated and qualifying as cash flow hedges by type of derivative contract, and the Condensed Consolidated Statements of Operations and Comprehensive Income line items in which such gains and losses were included when reclassified from AOCI were as follows. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax Gains and (Losses) Recorded in AOCI | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(b) | $ | ― | $ | -7 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recorded in AOCI | $ | ― | $ | -7 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | ― | $ | -5 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Reclassified from AOCI into Earnings | $ | ― | $ | -5 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Represents the gains and losses on cash flow hedges previously recorded in AOCI during the term of the hedging relationships and reclassified into earnings during the current period. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts in AOCI related to terminated hedges are reclassified to earnings as the interest expense is recorded. The effective portion of the hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 3 | $ | -9 | Operating revenues | $ | 10 | $ | -9 | |||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power (a) | -24 | -35 | Fuel used in electric generation and purchased power(a) | -53 | -100 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | -3 | -3 | Interest expense | -9 | -3 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -24 | $ | -47 | Total Pretax Losses Recognized in Earnings | $ | -52 | $ | -112 | |||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(b) | Commodity contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -11 | $ | 15 | Regulatory assets | $ | -18 | $ | -34 | |||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(c) | Interest rate contracts(c) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory asses | 3 | 2 | Regulatory assets | 10 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -8 | $ | 17 | Total Pretax Losses Recognized as Regulatory Assets or Liabilities | $ | -8 | $ | -32 | |||||||||||||||||||||||||||||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts are recorded in regulatory assets and liabilities in the Condensed Consolidated Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | |||||||||||||||||||||||||||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||||||||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | $ | ― | $ | ― | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | ― | ― | 2 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | ― | ― | 7 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | 1 | 94 | ― | 146 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 79 | ― | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 2 | 173 | 9 | 269 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 2 | $ | 173 | $ | 9 | $ | 270 | ||||||||||||||||||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 94 | $ | 79 | Gross amounts recognized | $ | 2 | $ | 7 | $ | 147 | $ | 123 | |||||||||||||||||||||||||||||||||||||
Gross amounts offset | -1 | -1 | -10 | -13 | Gross amounts offset | ― | ― | -20 | -29 | |||||||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | ― | ― | 84 | 66 | Net amount subject to master netting | 2 | 7 | 127 | 94 | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | ― | Amounts not subject to master netting | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Balance Sheet | $ | ― | (a) | $ | ― | (b) | $ | 84 | (c) | $ | 66 | (d) | Net amounts recognized on the Condensed Balance Sheet | $ | 2 | (a) | $ | 7 | (b) | $ | 127 | (c) | $ | 94 | (d) | |||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power(a) | $ | -45 | $ | -100 | Fuel used in electric generation and purchased power(a) | $ | -105 | $ | -295 | |||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | -1 | -1 | Interest expense | -3 | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Losses Recognized in Earnings | $ | -46 | $ | -101 | Total Pretax Losses Recognized in Earnings | $ | -108 | $ | -296 | |||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(b) | Commodity contracts(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -19 | $ | 45 | Regulatory assets | $ | -16 | $ | -74 | |||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 1 | ― | Regulatory assets | 3 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized as Regulatory Assets or Liabilities | $ | -18 | $ | 45 | Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | -13 | $ | -74 | |||||||||||||||||||||||||||||||||||||||||||||
(a) | After the derivatives are settled and the fuel is consumed, gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Amounts are recorded in regulatory assets and liabilities in the Condensed Balance Sheets until gains or losses are passed through the fuel cost-recovery clause. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | |||||||||||||||||||||||||||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||||||||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges(a)(b) | $ | 1,190 | $ | ― | $ | ― | $ | ― | $ | ― | Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||
Undesignated contracts | 34 | ― | ― | 27 | ― | Undesignated contracts | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,224 | $ | ― | $ | ― | $ | 27 | $ | ― | Fair value hedges | 250 | ― | ― | 250 | ― | ||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | $ | $ | ― | $ | 2 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | ― | 2 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | 21 | 6 | 31 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | 158 | 103 | 81 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | 134 | 160 | 106 | 132 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | 1 | 17 | ― | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | ― | 4 | ― | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 314 | 290 | 218 | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 314 | $ | 290 | $ | 220 | $ | 199 | ||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | 155 | $ | 159 | $ | 165 | $ | 120 | Gross amounts recognized | $ | 137 | $ | 81 | $ | 136 | $ | 55 | |||||||||||||||||||||||||||||||||||||
Gross amounts offset | -141 | -105 | -154 | -105 | Gross amounts offset | -110 | -51 | -125 | -51 | |||||||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | 14 | 54 | 11 | 15 | Net amount subject to master netting | 27 | 30 | 11 | 4 | |||||||||||||||||||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | ― | 1 | 4 | Amounts not subject to master netting | 2 | ― | 1 | 7 | |||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 14 | (a) | $ | 54 | (b) | $ | 12 | (c) | $ | 19 | (d) | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 29 | (a) | $ | 30 | (b) | $ | 12 | (c) | $ | 11 | (d) | |||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | $ | 5 | $ | -42 | Revenue: Nonregulated electric, natural gas and other | $ | -8 | $ | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -2 | ― | Fuel used in electric generation and purchased power - nonregulated | -20 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | 3 | $ | -42 | Interest rate contracts | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | -1 | -1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -29 | $ | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -2 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory liabilities | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 3 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 3 | $ | -1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | (in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | |||||||||||||||||||||||||||||||||||||||||||
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 481 | $ | 211 | $ | 82 | $ | 129 | $ | 268 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||||||||||||||||||
Fair value of collateral already posted | 138 | 26 | 5 | 21 | 106 | Fair value of collateral already posted | 163 | 59 | 9 | 50 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 200 | 185 | 77 | 108 | 15 | Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 230 | 227 | 99 | 128 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges(a) | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Undesignated contracts | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | 250 | ― | ― | 250 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||
Total notional amount | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | $ | 14 | $ | ― | $ | 10 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: Other | ― | ― | ― | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 14 | ― | 10 | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 14 | $ | ― | $ | 10 | $ | 63 | ||||||||||||||||||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts receive regulatory treatment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Current | Non-Current | Current | Non-Current | (in millions) | Current | Non-Current | Current | Non-Current | |||||||||||||||||||||||||||||||||||||||||||||
Gross amounts recognized | $ | 14 | $ | ― | $ | ― | $ | ― | Amounts not subject to master netting | 10 | ― | 63 | ― | |||||||||||||||||||||||||||||||||||||||||
Net amount subject to master netting | 14 | ― | ― | ― | Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 10 | (a) | $ | ― | $ | 63 | (b) | $ | ― | |||||||||||||||||||||||||||||||||||||||
Net amounts recognized on the Condensed Consolidated Balance Sheet | $ | 14 | (a) | $ | ― | $ | ― | (b) | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | Location of Pretax Gains and (Losses) Recognized in Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 2 | $ | 11 | Operating Revenues | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Regulatory liabilities | 6 | ― | Fuel used in electric generation and purchased power | ― | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(a) | Total Pretax (Losses) Gains Recognized in Earnings | $ | 1 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 6 | 4 | Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 14 | $ | 15 | Commodity contracts | |||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory liabilities | 10 | 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate contracts(a) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets | 34 | -5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Pretax Gains Recognized as Regulatory Assets or Liabilities | $ | 44 | $ | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Amounts in regulatory assets and liabilities related to terminated hedges are reclassified to earnings as the interest expense is recorded. The hedges will be amortized to interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Cash Collateral Under Master Netting Arrangements | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 40 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 101 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 26 | ― | 58 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 5 | ― | 9 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 21 | ― | 49 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | 13 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 92 | ― | 92 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 3 | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fair_Value_of_Financial_Assets1
Fair Value of Financial Assets and Liabilities (Tables) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 25 | $ | ― | $ | ― | $ | 25 | Investments in available-for-sale auction rate securities(a) | $ | 29 | $ | ― | $ | ― | $ | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | 3,280 | 3,199 | 59 | 22 | Nuclear decommissioning trust fund equity securities | 2,837 | 2,762 | 54 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund debt securities | 1,525 | 392 | 1,083 | 50 | Nuclear decommissioning trust fund debt securities | 1,405 | 317 | 1,040 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading and available-for-sale equity securities(b) | 93 | 83 | 10 | ― | Other trading and available-for-sale equity securities(b) | 72 | 63 | 9 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities(c) | 414 | 57 | 357 | ― | Other trading and available-for-sale debt securities(c) | 602 | 40 | 562 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets(b) | 127 | 32 | 22 | 73 | Derivative assets(b) | 103 | 18 | 22 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 5,464 | 3,763 | 1,531 | 170 | Total assets | 5,048 | 3,200 | 1,687 | 161 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(d) | -473 | -15 | -347 | -111 | Derivative liabilities(d) | -756 | -17 | -591 | -148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 4,991 | $ | 3,748 | $ | 1,184 | $ | 59 | Net assets | $ | 4,292 | $ | 3,183 | $ | 1,096 | $ | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Investments and Other Assets and Short-term Investments on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(d) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | Three Months Ended September 30, 2012 | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | 26 | $ | 71 | $ | -87 | $ | 10 | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | Balance at December 31, 2012 | $ | 29 | $ | 69 | $ | -85 | $ | 13 | Balance at December 31, 2011 | $ | 71 | $ | 53 | $ | -39 | $ | 85 | |||||||||||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | Balance at June 30, 2012 | $ | 41 | $ | 64 | $ | -19 | $ | 86 | Total pretax realized or unrealized gains (losses) included in earnings: | Amounts acquired in Progress Energy Merger | ― | ― | -30 | -30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | ― | ― | 4 | 4 | Amounts acquired in Progress Merger | ― | ― | -30 | -30 | Revenue: Regulated electric | ― | ― | 5 | 5 | Total pretax realized or unrealized losses included in earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | 9 | 9 | Total pretax realized or unrealized gains (losses) included in earnings: | Revenue: Nonregulated electric, natural gas, and other | ― | ― | -13 | -13 | Revenue: Regulated electric | ― | ― | 37 | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total pretax gains included in other comprehensive income: | Revenue: Regulated electric | ― | ― | 12 | 12 | Total pretax gains included in other comprehensive income: | Revenue: Nonregulated electric, natural gas, and other | ― | ― | -9 | -9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gains on available for sale securities and other | 1 | ― | ― | 1 | Revenue: Nonregulated electric, natural gas, and other | ― | ― | -6 | -6 | Losses on available for sale securities and other | -1 | ― | ― | -1 | Total pretax gains included in other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Total pretax gains included in other comprehensive income: | Purchases, sales, issuances and settlements: | Gains on available for sale securities and other | 9 | ― | ― | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | ― | 2 | ― | 2 | Purchases, sales, issuances and settlements: | Purchases | ― | 5 | 21 | 26 | Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | ― | -2 | ― | -2 | Purchases | ― | 1 | ― | 1 | Sales | ― | -5 | ― | -5 | Purchases | ― | 10 | 22 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Issuances | ― | ― | 4 | 4 | Issuances | ― | ― | -24 | -24 | Issuances | ― | ― | 9 | 9 | Issuances | ― | ― | -24 | -24 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | -2 | ― | -3 | -5 | Settlements | ― | -10 | -10 | Settlements | -3 | ― | -5 | -8 | Settlements | -39 | ― | -34 | -73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 due to observability of inputs | ― | ― | 34 | 34 | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | 2 | 3 | Transfers in and out of Level 3 due to observability of inputs | ― | ― | 34 | 34 | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | 2 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains (losses) included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | 1 | 2 | Balance at September 30, 2012 | $ | 41 | $ | 66 | $ | -75 | $ | 32 | Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | -4 | -1 | Balance at September 30, 2012 | $ | 41 | $ | 66 | $ | -75 | $ | 32 | |||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2013 | $ | 25 | $ | 72 | $ | -38 | $ | 59 | Balance at September 30, 2013 | $ | 25 | $ | 72 | $ | -38 | $ | 59 | Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2012. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2013 | Revenue: Nonregulated electric, natural gas, and other | $ | ― | $ | ― | $ | 5 | $ | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | ― | $ | ― | $ | 3 | $ | 3 | Revenue: Regulated electric | $ | ― | $ | ― | $ | 5 | $ | 5 | Total | $ | ― | $ | ― | $ | 5 | $ | 5 | ||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas, and other | ― | ― | -2 | -2 | Revenue: Nonregulated electric, natural gas, and other | ― | ― | -26 | -26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | ― | $ | ― | $ | 1 | $ | 1 | Total | $ | ― | $ | ― | $ | -21 | $ | -21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term debt, including current | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy (a) | $ | 39,709 | $ | 42,142 | $ | 39,461 | $ | 44,001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas(b) | 8,739 | 9,445 | 8,741 | 10,096 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 13,815 | 14,989 | 14,428 | 16,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 4,936 | 5,053 | 4,840 | 5,277 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 4,887 | 5,424 | 5,320 | 6,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 2,188 | 2,263 | 1,997 | 2,117 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 3,798 | 4,143 | 3,702 | 4,268 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Includes book value of Non-recourse long-term debt of variable interest entities of $1,265 million and $852 million September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Includes book value of Non-recourse long-term debt of variable interest entities of $300 million at both September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -43 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | Duke Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -4 | Discounted cash flow | Forward electricity curves - price per megawatt-hour (MWh) | 25.79 | - | 48.34 | Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 15 | RTO market pricing | FTR price - per MWh | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 5 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 122.64 | Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 29.3 | - | 100.8 | Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Total Level 3 derivatives | $ | -85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -4 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | Duke Energy Carolinas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | -0.09 | - | 0.46 | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 13 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | -9 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.47 | - | 4.55 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | Total Level 3 derivatives | $ | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | Duke Energy Progress | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 14 | RTO market pricing | FTR price - per MWh | $ | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in available-for-sale auction rate securities(a) | $ | 3 | $ | ― | $ | ― | $ | 3 | Investments in available-for-sale auction rate securities(a) | $ | 3 | $ | ― | $ | ― | $ | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | 1,790 | 1,715 | 53 | 22 | Nuclear decommissioning trust fund equity securities | 1,592 | 1,523 | 48 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund debt securities | 883 | 220 | 613 | 50 | Nuclear decommissioning trust fund debt securities | 762 | 155 | 559 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 2,676 | 1,935 | 666 | 75 | Total assets | 2,357 | 1,678 | 607 | 72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(b) | -4 | ― | ― | -4 | Derivative liabilities(b) | -12 | ― | ― | -12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 2,672 | $ | 1,935 | $ | 666 | $ | 71 | Net Assets | $ | 2,345 | $ | 1,678 | $ | 607 | $ | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | Three Months Ended September 30, 2012 | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | 3 | $ | 71 | $ | -4 | $ | 70 | (in millions) | Available-for-Sale Auction Rate Securities | Available-for-Sale NDTF Investments | Derivatives (net) | Total | Balance at December 31, 2012 | $ | 3 | $ | 69 | $ | -12 | $ | 60 | Balance at December 31, 2011 | $ | 12 | $ | 53 | $ | ― | $ | 65 | |||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Balance at June 30, 2012 | $ | 6 | $ | 64 | $ | ― | $ | 70 | Purchases, sales, issuances and settlements: | Total pretax gains included in other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | ― | 2 | ― | 2 | Purchases, sales, issuances and settlements: | Purchases | ― | 5 | ― | 5 | Gains on available for sale securities and other | 2 | ― | ― | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | ― | -2 | ― | -2 | Purchases | ― | 1 | ― | 1 | Sales | ― | -5 | ― | -5 | Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | ― | 1 | Issuances | ― | ― | -14 | -14 | Settlements | ― | ― | 8 | 8 | Purchases | ― | 10 | ― | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2013 | $ | 3 | $ | 72 | $ | -4 | $ | 71 | Settlements | ― | ― | 2 | 2 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | ― | 3 | Issuances | ― | ― | -14 | -14 | |||||||||||||||||||||||||||||||||||||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 1 | ― | 1 | Balance at September 30, 2013 | $ | 3 | $ | 72 | $ | -4 | $ | 71 | Settlements | -8 | ― | 2 | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2012 | $ | 6 | $ | 66 | $ | -12 | $ | 60 | Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | ― | 3 | ― | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Revenues | $ | ― | $ | ― | $ | -4 | $ | -4 | Balance at September 30, 2012 | $ | 6 | $ | 66 | $ | -12 | $ | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | ― | $ | ― | $ | -4 | $ | -4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -43 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | Duke Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -4 | Discounted cash flow | Forward electricity curves - price per megawatt-hour (MWh) | 25.79 | - | 48.34 | Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 15 | RTO market pricing | FTR price - per MWh | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 5 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 122.64 | Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 29.3 | - | 100.8 | Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Total Level 3 derivatives | $ | -85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -4 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | Duke Energy Carolinas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | -0.09 | - | 0.46 | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 13 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | -9 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.47 | - | 4.55 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | Total Level 3 derivatives | $ | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | Duke Energy Progress | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 14 | RTO market pricing | FTR price - per MWh | $ | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,489 | $ | 1,483 | $ | 6 | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 1,245 | $ | 1,239 | $ | 6 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 642 | 172 | 470 | ― | Nuclear decommissioning trust fund debt securities and other | 643 | 162 | 481 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 55 | 19 | 36 | ― | Other trading and available-for-sale debt securities and other(a) | 57 | 17 | 40 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 2,186 | 1,674 | 512 | ― | Derivative assets(b) | 11 | ― | 11 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(c) | -282 | ― | -282 | ― | Total assets | 1,956 | 1,418 | 538 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 1,904 | $ | 1,674 | $ | 230 | $ | ― | Derivative liabilities(c) | -440 | ― | -402 | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 1,516 | $ | 1,418 | $ | 136 | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives (net) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Derivatives (net) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -35 | $ | -30 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains included in earnings: | Balance at beginning of period | $ | -38 | $ | -24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | ― | 2 | Total pretax realized or unrealized gains included in earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Operating Revenues | ― | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuances | 2 | -16 | Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | ― | 4 | Issuances | 10 | -16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -1 | 4 | Settlements | ― | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -36 | Transfers in and out of Level 3 due to observability of inputs | 34 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | 10 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 985 | $ | 985 | $ | ― | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 811 | $ | 811 | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 440 | 112 | 328 | ― | Nuclear decommissioning trust fund debt securities and other | 448 | 119 | 329 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 2 | 2 | ― | ― | Other trading and available-for-sale debt securities and other(a) | 3 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 1,427 | 1,099 | 328 | ― | Derivative assets(b) | 2 | ― | 2 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(c) | -107 | ― | -107 | ― | Total assets | 1,264 | 933 | 331 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 1,320 | $ | 1,099 | $ | 221 | $ | ― | Derivative liabilities(c) | -166 | ― | -128 | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 1,098 | $ | 933 | $ | 203 | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives (net) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Derivatives (net) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -35 | $ | -28 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | Balance at beginning of period | $ | -38 | $ | -24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Revenues | ― | 2 | Total pretax realized or unrealized gains (losses) included in earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Operating Revenues | ― | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuances | -16 | Purchases, sales, issuances and settlements: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | 2 | 4 | Issuances | 9 | -16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -1 | 2 | Settlements | ― | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 due to observability of inputs | 34 | ― | Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | -5 | -2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -36 | Transfers in and out of Level 3 due to observability of inputs | 34 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | Balance at end of period | $ | ― | $ | -36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | 1 | $ | ― | Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 1 | $ | ― | Revenue: Regulated electric | $ | 10 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 505 | $ | 499 | $ | 6 | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 435 | $ | 429 | $ | 6 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 202 | 60 | 142 | ― | Nuclear decommissioning trust fund debt securities and other | 194 | 43 | 151 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 39 | 2 | 37 | ― | Other trading and available-for-sale debt securities and other(a) | 43 | 3 | 40 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 746 | 561 | 185 | ― | Derivative assets | 9 | ― | 9 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(b) | -171 | ― | -171 | ― | Total assets | 681 | 475 | 206 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 575 | $ | 561 | $ | 14 | $ | ― | Derivative liabilities(b) | -270 | ― | -270 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 411 | $ | 475 | $ | -64 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Condensed Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Balance Sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets(a) | $ | 70 | $ | 49 | $ | ― | $ | 21 | Derivative assets(a) | $ | 59 | $ | 48 | $ | 2 | $ | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities(b) | -46 | -14 | -5 | -27 | Derivative liabilities(b) | -38 | -15 | -8 | -15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 24 | $ | 35 | $ | -5 | $ | -6 | Net assets (liabilities) | $ | 21 | $ | 33 | $ | -6 | $ | -6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives (net) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Derivatives (net) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -19 | $ | -2 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | Balance at beginning of period | $ | -6 | $ | -3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | ― | 1 | Total pretax realized or unrealized gains (losses) included in earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric and other | 11 | -6 | Revenue: Regulated electric | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Revenue: Nonregulated electric and other | -4 | -5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | 2 | -1 | Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | -6 | $ | -8 | Purchases | 1 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | Settlements | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric and other | $ | -3 | $ | ― | Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | -2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | -3 | $ | ― | Balance at end of period | $ | -6 | $ | -8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric and other | $ | -16 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | -16 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -43 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | Duke Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -4 | Discounted cash flow | Forward electricity curves - price per megawatt-hour (MWh) | 25.79 | - | 48.34 | Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 15 | RTO market pricing | FTR price - per MWh | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 5 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 122.64 | Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 29.3 | - | 100.8 | Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Total Level 3 derivatives | $ | -85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -4 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | Duke Energy Carolinas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | -0.09 | - | 0.46 | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 13 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | -9 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.47 | - | 4.55 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | Total Level 3 derivatives | $ | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | Duke Energy Progress | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 14 | RTO market pricing | FTR price - per MWh | $ | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale equity securities(a) | $ | 60 | $ | 60 | $ | ― | $ | ― | Available-for-sale equity securities(a) | $ | 49 | $ | 49 | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale debt securities(a) | 28 | ― | 28 | ― | Available-for-sale debt securities(a) | 29 | ― | 29 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative assets(b) | 14 | ― | ― | 14 | Derivative assets(b) | 10 | ― | ― | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 102 | 60 | 28 | $ | 14 | Total assets | 88 | 49 | 29 | $ | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 102 | $ | 60 | $ | 28 | $ | 14 | Derivative liabilities(c) | -63 | ― | -63 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 25 | $ | 49 | $ | -34 | $ | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives (net) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Derivatives (net) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 18 | $ | 22 | (in millions) | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings: | Balance at beginning of period | $ | 10 | $ | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Revenues | 3 | 11 | Total pretax realized or unrealized gains (losses) included in earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Operating Revenues | 5 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | -10 | -16 | Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 3 | ― | Purchases | 20 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 14 | $ | 17 | Sales | ― | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | -23 | -45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | 2 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 14 | $ | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | $ | -43 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | Duke Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | -4 | Discounted cash flow | Forward electricity curves - price per megawatt-hour (MWh) | 25.79 | - | 48.34 | Commodity natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | 15 | RTO market pricing | FTR price - per MWh | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 5 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Financial transmission rights (FTRs) | 11 | RTO market pricing | FTR price - per MWh | 23.63 | - | 39.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 122.64 | Commodity power contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 29.3 | - | 100.8 | Commodity capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | Commodity capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | Total Level 3 derivatives | $ | -85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -4 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | Duke Energy Carolinas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | -0.09 | - | 0.46 | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | 13 | Discounted cash flow | Forward electricity curves - price per MWh | 26.2 | - | 54.19 | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | -9 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.47 | - | 4.55 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | Total Level 3 derivatives | $ | -38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | Duke Energy Progress | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | Commodity natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 14 | RTO market pricing | FTR price - per MWh | $ | -1.53 | - | 10.86 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 1 | RTO market pricing | FTR price - per MWh | $ | 27.17 | - | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity power contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights (FTRs) | $ | 10 | RTO market pricing | FTR price - per MWh | $ | 23.63 | - | 35.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments_in_Debt_and_Equity1
Investments in Debt and Equity Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 111 | $ | ― | $ | ― | $ | 105 | |||||||||||
Equity securities | 1,560 | 13 | 3,280 | 1,132 | 19 | 2,837 | |||||||||||||||||
Corporate debt securities | 9 | 6 | 323 | 21 | 1 | 338 | |||||||||||||||||
Municipal bonds | 5 | 7 | 213 | 12 | 1 | 194 | |||||||||||||||||
U.S. government bonds | 14 | 8 | 712 | 24 | 1 | 625 | |||||||||||||||||
Other debt securities | 17 | 4 | 167 | 10 | 1 | 164 | |||||||||||||||||
Total NDTF | 1,605 | 38 | 4,806 | 1,199 | 23 | 4,263 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 21 | ― | ― | 17 | |||||||||||||||||
Equity securities | 22 | ― | 83 | 10 | ― | 63 | |||||||||||||||||
Corporate debt securities | 1 | 2 | 178 | 2 | ― | 381 | |||||||||||||||||
Municipal bonds | 2 | 2 | 80 | 4 | 1 | 70 | |||||||||||||||||
U.S. government bonds | ― | ― | 38 | ― | ― | 23 | |||||||||||||||||
Other debt securities | ― | 1 | 92 | 1 | ― | 86 | |||||||||||||||||
Auction rate securities | ― | 7 | 25 | ― | 6 | 29 | |||||||||||||||||
Total Other Investments(a) | 25 | 12 | 517 | 17 | 7 | 669 | |||||||||||||||||
Total Investments | $ | 1,630 | $ | 50 | $ | 5,323 | $ | 1,216 | $ | 30 | $ | 4,932 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 185 | |||||||||||||||||||||
Due after one through five years | 394 | ||||||||||||||||||||||
Due after five through 10 years | 434 | ||||||||||||||||||||||
Due after 10 years | 790 | ||||||||||||||||||||||
Total | $ | 1,803 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 72 | $ | 30 | $ | 135 | $ | 80 | |||||||||||||||
Realized losses | 16 | 12 | 38 | 14 | |||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 46 | $ | ― | $ | ― | $ | 40 | |||||||||||
Equity securities | 828 | 5 | 1,790 | 600 | 5 | 1,592 | |||||||||||||||||
Corporate debt securities | 4 | 5 | 236 | 11 | 1 | 250 | |||||||||||||||||
Municipal bonds | ― | 1 | 52 | 2 | ― | 40 | |||||||||||||||||
U.S. government bonds | 5 | 4 | 396 | 10 | ― | 304 | |||||||||||||||||
Other debt securities | 17 | 4 | 147 | 9 | 2 | 135 | |||||||||||||||||
Total NDTF | 854 | 19 | 2,667 | 632 | 8 | 2,361 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Auction rate securities | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||||||
Total Other Investments(a) | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||||||
Total Investments | $ | 854 | $ | 20 | $ | 2,670 | $ | 632 | $ | 9 | $ | 2,364 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 23 | |||||||||||||||||||||
Due after one through five years | 175 | ||||||||||||||||||||||
Due after five through 10 years | 223 | ||||||||||||||||||||||
Due after 10 years | 410 | ||||||||||||||||||||||
Total | $ | 831 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 49 | $ | 19 | $ | 95 | $ | 65 | |||||||||||||||
Realized losses | 1 | 5 | 11 | 7 | |||||||||||||||||||
Progress Energy [Member] | ' | ||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 65 | $ | ― | $ | ― | $ | 65 | |||||||||||
Equity securities | 732 | 8 | 1,490 | 532 | 14 | 1,245 | |||||||||||||||||
Corporate debt securities | 5 | 1 | 87 | 9 | ― | 89 | |||||||||||||||||
Municipal bonds | 5 | 6 | 161 | 11 | 1 | 154 | |||||||||||||||||
U.S. government bonds | 9 | 4 | 316 | 14 | ― | 321 | |||||||||||||||||
Other debt securities | ― | ― | 20 | 1 | ― | 28 | |||||||||||||||||
Total NDTF | 751 | 19 | 2,139 | 567 | 15 | 1,902 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 21 | ― | ― | 17 | |||||||||||||||||
Municipal bonds | 1 | 1 | 36 | 3 | ― | 40 | |||||||||||||||||
Total Other Investments(a) | 1 | 1 | 57 | 3 | ― | 57 | |||||||||||||||||
Total Investments | $ | 752 | $ | 20 | $ | 2,196 | $ | 570 | $ | 15 | $ | 1,959 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 14 | |||||||||||||||||||||
Due after one through five years | 162 | ||||||||||||||||||||||
Due after five through 10 years | 150 | ||||||||||||||||||||||
Due after 10 years | 294 | ||||||||||||||||||||||
Total | $ | 620 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 22 | $ | 8 | $ | 37 | $ | 23 | |||||||||||||||
Realized losses | 11 | 6 | 20 | 12 | |||||||||||||||||||
Duke Energy Progress [Member] | ' | ||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 30 | $ | ― | $ | ― | $ | 55 | |||||||||||
Equity securities | 472 | 7 | 985 | 337 | 11 | 811 | |||||||||||||||||
Corporate debt securities | 5 | 1 | 83 | 8 | ― | 78 | |||||||||||||||||
Municipal bonds | 2 | 4 | 103 | 4 | ― | 80 | |||||||||||||||||
U.S. government bonds | 8 | 3 | 225 | 13 | ― | 241 | |||||||||||||||||
Other debt securities | ― | ― | 9 | 1 | ― | 10 | |||||||||||||||||
Total NDTF | 487 | 15 | 1,435 | 363 | 11 | 1,275 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 2 | ― | ― | 3 | |||||||||||||||||
Total Other Investments(a) | ― | ― | 2 | ― | ― | 3 | |||||||||||||||||
Total Investments | $ | 487 | $ | 15 | $ | 1,437 | $ | 363 | $ | 11 | $ | 1,278 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 6 | |||||||||||||||||||||
Due after one through five years | 125 | ||||||||||||||||||||||
Due after five through 10 years | 88 | ||||||||||||||||||||||
Due after 10 years | 201 | ||||||||||||||||||||||
Total | $ | 420 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 7 | $ | 4 | $ | 15 | $ | 14 | |||||||||||||||
Realized losses | 2 | 2 | 6 | 5 | |||||||||||||||||||
Duke Energy Florida [Member] | ' | ||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
NDTF | |||||||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 35 | $ | ― | $ | ― | $ | 10 | |||||||||||
Equity securities | 260 | 1 | 505 | 194 | 4 | 434 | |||||||||||||||||
Corporate debt securities | ― | ― | 4 | 1 | ― | 11 | |||||||||||||||||
Municipal bonds | 3 | 2 | 58 | 7 | ― | 74 | |||||||||||||||||
U.S. government bonds | 1 | 1 | 91 | 1 | ― | 80 | |||||||||||||||||
Other debt securities | ― | ― | 11 | 1 | ― | 18 | |||||||||||||||||
Total NDTF | 264 | 4 | 704 | 204 | 4 | 627 | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Cash and cash equivalents | ― | ― | 4 | ― | ― | 1 | |||||||||||||||||
Municipal bonds | 1 | 1 | 37 | 3 | ― | 40 | |||||||||||||||||
Total Other Investments(a) | 1 | 1 | 41 | 3 | ― | 41 | |||||||||||||||||
Total Investments | $ | 265 | $ | 5 | $ | 745 | $ | 207 | $ | 4 | $ | 668 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 8 | |||||||||||||||||||||
Due after one through five years | 37 | ||||||||||||||||||||||
Due after five through 10 years | 62 | ||||||||||||||||||||||
Due after 10 years | 94 | ||||||||||||||||||||||
Total | $ | 201 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Realized gains | $ | 14 | $ | 4 | $ | 22 | $ | 9 | |||||||||||||||
Realized losses | 9 | 4 | 13 | 7 | |||||||||||||||||||
Duke Energy Indiana [Member] | ' | ||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||
(in millions) | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | Gross Unrealized Holding Gains | Gross Unrealized Holding Losses | Estimated Fair Value | |||||||||||||||||
Other Investments | |||||||||||||||||||||||
Equity securities | $ | 19 | $ | ― | $ | 60 | $ | 9 | $ | ― | $ | 50 | |||||||||||
Municipal bonds | ― | 1 | 28 | 1 | ― | 28 | |||||||||||||||||
Total Other Investments(a) | 19 | 1 | 88 | 10 | ― | 78 | |||||||||||||||||
Total Investments | $ | 19 | $ | 1 | $ | 88 | $ | 10 | $ | ― | $ | 78 | |||||||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | ||||||||||||||||||||||
Due in one year or less | $ | 2 | |||||||||||||||||||||
Due after one through five years | 21 | ||||||||||||||||||||||
Due after five through 10 years | 4 | ||||||||||||||||||||||
Due after 10 years | 1 | ||||||||||||||||||||||
Total | $ | 28 | |||||||||||||||||||||
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Consolidated VIEs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | DERF(a) | CRC | CinCapV | Renewables | Other | Total | (in millions) | DERF | CRC | CinCapV | Renewables | Other | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets | Current Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities | 703 | 527 | 17 | 11 | ― | 1,258 | Restricted receivables of variable interest entities | $ | 637 | $ | 534 | $ | 15 | $ | 16 | $ | -1 | $ | 1,201 | |||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | 5 | 199 | 2 | 206 | Other | ― | ― | 4 | 133 | 2 | 139 | |||||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets | Investments and Other Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangibles, net | ― | ― | ― | 11 | ― | 11 | Intangibles, net | ― | ― | ― | 12 | ― | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||
Restricted other assets of variable interest entities | ― | ― | 40 | 12 | ― | 52 | Restricted other assets of variable interest entities | ― | ― | 52 | 2 | ― | 54 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | 12 | 4 | 3 | 19 | Other | ― | ― | 10 | ― | 2 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | Property, Plant and Equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment, Cost | ― | ― | ― | 1,663 | 16 | 1,679 | Property, Plant and Equipment, Cost | ― | ― | ― | 1,543 | 15 | 1,558 | |||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated depreciation and amortization | ― | ― | ― | -146 | -5 | -151 | Accumulated depreciation and amortization | ― | ― | ― | -98 | -5 | -103 | |||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory Assets and Deferred Debits | Regulatory Assets and Deferred Debits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | ― | 34 | ― | 34 | Other | ― | ― | ― | 40 | ― | 40 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets | 703 | 527 | 74 | 1,788 | 16 | 3,108 | Total Assets | 637 | 534 | 81 | 1,648 | 13 | 2,913 | |||||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES AND EQUITY | LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities | Current Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts payable | ― | ― | ― | 3 | ― | 3 | Accounts payable | ― | ― | ― | 1 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||
Non-recourse notes payable of variable interest entities | ― | 325 | ― | ― | ― | 325 | Non-recourse notes payable of variable interest entities | ― | 312 | ― | ― | ― | 312 | |||||||||||||||||||||||||||||||||||||||||||||||||
Taxes accrued | ― | ― | ― | 12 | ― | 12 | Taxes accrued | ― | ― | ― | 62 | ― | 62 | |||||||||||||||||||||||||||||||||||||||||||||||||
Current maturities of long-term debt | ― | ― | 14 | 62 | ― | 76 | Current maturities of long-term debt | ― | ― | 13 | 459 | ― | 472 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | 5 | 26 | ― | 31 | Other | ― | ― | 4 | 25 | ― | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||
Non-recourse Long-term Debt of variable interest entities | 300 | ― | 37 | 928 | ― | 1,265 | Non-recourse Long-term Debt of variable interest entities | 300 | ― | 48 | 504 | ― | 852 | |||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income taxes | ― | ― | ― | 255 | ― | 255 | Deferred income taxes | ― | ― | ― | 154 | ― | 154 | |||||||||||||||||||||||||||||||||||||||||||||||||
Asset retirement obligations | ― | ― | ― | 25 | ― | 25 | Asset retirement obligations | ― | ― | ― | 23 | ― | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | 12 | 102 | ― | 114 | Other | ― | ― | 10 | 39 | ― | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Liabilities | 300 | 325 | 68 | 1,413 | ― | 2,106 | Total Liabilities | 300 | 312 | 75 | 1,267 | ― | 1,954 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net Assets of Consolidated Variable Interest Entities | $ | 403 | $ | 202 | $ | 6 | $ | 375 | $ | 16 | $ | 1,002 | Net Assets of Consolidated Variable Interest Entities | $ | 337 | $ | 222 | $ | 6 | $ | 381 | $ | 13 | $ | 959 | |||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Non-Consolidated VIEs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | DukeNet | Renewables | Other | Total | (in millions) | DukeNet | Renewables | FPC Capital I Trust(a) | Other | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | 75 | $ | 114 | Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | |||||||||||||||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 113 | 152 | 25 | 290 | ― | ― | Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Intangibles, net | ― | ― | 100 | 100 | 98 | ― | Intangibles, net | ― | ― | ― | 104 | 104 | 104 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Investments and other assets | ― | ― | 4 | 4 | ― | ― | Investments and other assets | ― | ― | 9 | 2 | 11 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 113 | 152 | 129 | 394 | 173 | 114 | Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | ― | ― | 2 | 2 | ― | ― | Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 15 | 15 | ― | ― | Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | ― | ― | 17 | 17 | ― | ― | Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 113 | $ | 152 | $ | 112 | $ | 377 | $ | 173 | $ | 114 | Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | |||||||||||||||||||||||||||||||||||
(a) | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Non-Consolidated VIEs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | DukeNet | Renewables | FPC Capital I Trust(a) | Other | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangibles, net | ― | ― | ― | 104 | 104 | 104 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and other assets | ― | ― | 9 | 2 | 11 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||
(a) | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Non-Consolidated VIEs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | DukeNet | Renewables | Other | Total | (in millions) | DukeNet | Renewables | FPC Capital I Trust(a) | Other | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | 75 | $ | 114 | Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | |||||||||||||||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 113 | 152 | 25 | 290 | ― | ― | Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Intangibles, net | ― | ― | 100 | 100 | 98 | ― | Intangibles, net | ― | ― | ― | 104 | 104 | 104 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Investments and other assets | ― | ― | 4 | 4 | ― | ― | Investments and other assets | ― | ― | 9 | 2 | 11 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 113 | 152 | 129 | 394 | 173 | 114 | Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | ― | ― | 2 | 2 | ― | ― | Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 15 | 15 | ― | ― | Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | ― | ― | 17 | 17 | ― | ― | Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 113 | $ | 152 | $ | 112 | $ | 377 | $ | 173 | $ | 114 | Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | |||||||||||||||||||||||||||||||||||
(a) | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Fair Value Assumptions | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anticipated credit loss ratio | 0.6 | % | 0.7 | % | 0.3 | % | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivable turnover rate | 12.8 | % | 12.7 | % | 10.3 | % | 10.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Receivables Sold | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 235 | $ | 282 | $ | 332 | $ | 289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less: Retained interests | 75 | 97 | 114 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net receivables sold | $ | 160 | $ | 185 | $ | 218 | $ | 173 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Sales and Cash Flows | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Three Months Ended September 30, | Nine Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | (in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | Sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 514 | $ | 518 | $ | 765 | $ | 711 | Receivables sold | $ | 1,664 | $ | 1,618 | $ | 2,214 | $ | 2,118 | |||||||||||||||||||||||||||||||||||||||||||||
Loss recognized on sale | 3 | 3 | 2 | 3 | Loss recognized on sale | 9 | 10 | 8 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flows | Cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 518 | 531 | 758 | 733 | Cash proceeds from receivables sold | 1,674 | 1,651 | 2,204 | 2,130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Collection fees received | ― | ― | ― | ― | Collection fees received | 1 | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Return received on retained interests | 1 | 1 | 2 | 2 | Return received on retained interests | 4 | 4 | 5 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Non-Consolidated VIEs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | DukeNet | Renewables | Other | Total | (in millions) | DukeNet | Renewables | FPC Capital I Trust(a) | Other | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | 75 | $ | 114 | Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | |||||||||||||||||||||||||||||||||||
Investments in equity method unconsolidated affiliates | 113 | 152 | 25 | 290 | ― | ― | Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Intangibles, net | ― | ― | 100 | 100 | 98 | ― | Intangibles, net | ― | ― | ― | 104 | 104 | 104 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Investments and other assets | ― | ― | 4 | 4 | ― | ― | Investments and other assets | ― | ― | 9 | 2 | 11 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 113 | 152 | 129 | 394 | 173 | 114 | Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | ― | ― | 2 | 2 | ― | ― | Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | ― | ― | 15 | 15 | ― | ― | Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | ― | ― | 17 | 17 | ― | ― | Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 113 | $ | 152 | $ | 112 | $ | 377 | $ | 173 | $ | 114 | Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | |||||||||||||||||||||||||||||||||||
(a) | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Fair Value Assumptions | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anticipated credit loss ratio | 0.6 | % | 0.7 | % | 0.3 | % | 0.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 1.2 | % | 1.2 | % | 1.2 | % | 1.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivable turnover rate | 12.8 | % | 12.7 | % | 10.3 | % | 10.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Receivables Sold | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 235 | $ | 282 | $ | 332 | $ | 289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less: Retained interests | 75 | 97 | 114 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net receivables sold | $ | 160 | $ | 185 | $ | 218 | $ | 173 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRC Sales and Cash Flows | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Three Months Ended September 30, | Nine Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | (in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | Sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 514 | $ | 518 | $ | 765 | $ | 711 | Receivables sold | $ | 1,664 | $ | 1,618 | $ | 2,214 | $ | 2,118 | |||||||||||||||||||||||||||||||||||||||||||||
Loss recognized on sale | 3 | 3 | 2 | 3 | Loss recognized on sale | 9 | 10 | 8 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flows | Cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 518 | 531 | 758 | 733 | Cash proceeds from receivables sold | 1,674 | 1,651 | 2,204 | 2,130 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Collection fees received | ― | ― | ― | ― | Collection fees received | 1 | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Return received on retained interests | 1 | 1 | 2 | 2 | Return received on retained interests | 4 | 4 | 5 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | |||||||||||||||||||
Earnings Per Share [Line Items] | ' | ' | ||||||||||||||||||
Schedule Of Earnings Per Share | ' | ' | ||||||||||||||||||
(In millions, except per-share amounts) | Income | Average Shares | EPS | (In millions, except per-share amounts) | Income | Average Shares | EPS | |||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | |||||||||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 989 | 706 | $ | 1.4 | Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,959 | 706 | $ | 2.78 | |||||||||
Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | |||||||||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 589 | 699 | $ | 0.84 | Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,326 | 531 | $ | 2.5 | |||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||
Schedule Of Stock-Based Compensation Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Stock options | $ | ― | $ | ― | $ | 2 | $ | 2 | |||||||
Restricted stock unit awards | 10 | 16 | 36 | 30 | |||||||||||
Performance awards | 7 | 16 | 25 | 19 | |||||||||||
Total | $ | 17 | $ | 32 | $ | 63 | $ | 51 | |||||||
Tax benefit associated with stock-based compensation expense | $ | 6 | $ | 13 | $ | 24 | $ | 20 | |||||||
Stock-based compensation costs capitalized | 1 | ― | 3 | 1 | |||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee Savings Plan Contributions | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 30 | $ | 30 | $ | 101 | $ | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 10 | 8 | 34 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 12 | 12 | 34 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 7 | 7 | 19 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 4 | 4 | 11 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ― | 1 | 2 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 2 | 2 | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 41 | $ | 12 | $ | 15 | $ | 6 | $ | 8 | $ | 1 | $ | 2 | Service cost | $ | 39 | $ | 9 | $ | 16 | $ | 6 | $ | 8 | $ | 2 | $ | 2 | Service cost | $ | 125 | $ | 37 | $ | 45 | $ | 17 | $ | 23 | $ | 4 | $ | 8 | Service cost | $ | 84 | $ | 26 | $ | 47 | $ | 19 | $ | 22 | $ | 5 | $ | 7 | |||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 80 | 20 | 29 | 13 | 13 | 5 | 7 | Interest cost on projected benefit obligation | 94 | 23 | 32 | 15 | 14 | 7 | 8 | Interest cost on projected benefit obligation | 240 | 60 | 87 | 38 | 40 | 16 | 21 | Interest cost on projected benefit obligation | 214 | 68 | 95 | 43 | 42 | 23 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -137 | -37 | -50 | -24 | -21 | -7 | -11 | Expected return on plan assets | -142 | -36 | -48 | -25 | -21 | -11 | -12 | Expected return on plan assets | -411 | -111 | -149 | -71 | -65 | -22 | -33 | Expected return on plan assets | -330 | -109 | -141 | -72 | -61 | -33 | -35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -2 | -2 | -1 | -1 | -1 | ― | ― | Amortization of prior service cost | 3 | ― | 2 | 2 | ― | ― | 1 | Amortization of prior service credit | -8 | -5 | -3 | -1 | -2 | ― | ― | Amortization of prior service cost | 6 | 1 | 7 | 6 | ― | ― | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 61 | 15 | 26 | 11 | 12 | 3 | 6 | Amortization of actuarial loss | 47 | 11 | 24 | 9 | 13 | 2 | 3 | Amortization of actuarial loss | 183 | 45 | 76 | 34 | 37 | 9 | 17 | Amortization of actuarial loss | 96 | 34 | 69 | 28 | 36 | 7 | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 2 | 1 | ― | 1 | ― | ― | 1 | Other | 2 | ― | 1 | 1 | ― | ― | ― | Other | 5 | 2 | 1 | 1 | ― | ― | 1 | Other | 4 | 1 | 1 | 1 | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs(a)(b) | $ | 45 | $ | 9 | $ | 19 | $ | 6 | $ | 11 | $ | 2 | $ | 5 | Net periodic pension costs(a)(b) | $ | 43 | $ | 7 | $ | 27 | $ | 8 | $ | 14 | $ | ― | $ | 2 | Net periodic pension costs(a)(b) | $ | 134 | $ | 28 | $ | 57 | $ | 18 | $ | 33 | $ | 7 | $ | 14 | Net periodic pension costs(a)(b) | $ | 74 | $ | 21 | $ | 78 | $ | 25 | $ | 39 | $ | 2 | $ | 7 | |||||||||||||||||||||||||||||
(a) | Duke Energy amounts exclude $3 million for each of the three months ended September 30, 2013 and 2012, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | (a) | Duke Energy amounts exclude $9 million and $10 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $1 million and $2 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | (b) | Duke Energy Ohio amounts exclude $4 million and $5 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | Interest cost on projected benefit obligation | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | 1 | Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 3 | ― | 1 | ― | ― | Amortization of actuarial loss | 1 | ― | 1 | ― | ― | Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | 1 | 1 | Net periodic pension costs | $ | 6 | $ | ― | $ | 3 | $ | 1 | $ | 1 | Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | ― | $ | 3 | $ | 2 | $ | 1 | Amortization of prior service credit | -1 | ― | -1 | ― | ― | Amortization of prior service cost | 1 | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | Service cost | $ | 7 | $ | 1 | $ | 5 | $ | 2 | $ | 2 | $ | 1 | $ | 1 | Service cost | $ | 21 | $ | 2 | $ | 17 | $ | 9 | $ | 6 | $ | ― | $ | 1 | Service cost | $ | 10 | $ | 2 | $ | 12 | $ | 6 | $ | 5 | $ | 1 | $ | 1 | |||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | Interest cost on accumulated post-retirement benefit obligation | 19 | 4 | 11 | 6 | 4 | 1 | 1 | Interest cost on accumulated post-retirement benefit obligation | 55 | 9 | 35 | 19 | 13 | 1 | 4 | Interest cost on accumulated post-retirement benefit obligation | 36 | 12 | 32 | 17 | 13 | 2 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | Expected return on plan assets | -4 | -3 | ― | ― | ― | -1 | ― | Expected return on plan assets | -11 | -7 | ― | ― | ― | ― | -1 | Expected return on plan assets | -12 | -8 | -1 | ― | -1 | -1 | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | Amortization of prior service credit | -2 | -2 | ― | ― | ― | ― | ― | Amortization of prior service credit | -9 | -6 | -1 | -1 | ― | ― | ― | Amortization of prior service credit | -6 | -4 | ― | ― | ― | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | Amortization of net transition liability | 3 | 2 | 1 | ― | 1 | ― | ― | Amortization of actuarial loss (gain) | 39 | 2 | 42 | 26 | 12 | -1 | 1 | Amortization of net transition liability | 7 | 5 | 3 | ― | 2 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | Amortization of actuarial loss (gain) | 8 | 1 | 10 | 6 | 3 | -1 | ― | Net periodic other post-retirement benefit costs(a)(b) | $ | 95 | $ | ― | $ | 93 | $ | 53 | $ | 31 | $ | ― | $ | 5 | Amortization of actuarial loss (gain) | 5 | 2 | 25 | 14 | 9 | -2 | -1 | |||||||||||||||||||||||||||||||||||||||||||
Special termination charge | 9 | 1 | 5 | 2 | 1 | ― | ― | Special termination charge | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 40 | $ | 4 | $ | 32 | $ | 16 | $ | 11 | $ | ― | $ | 2 | Net periodic other post-retirement benefit costs(a)(b) | $ | 49 | $ | 10 | $ | 76 | $ | 39 | $ | 29 | $ | ― | $ | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy amounts exclude $2 million and $3 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | (a) | Duke Energy amounts exclude $6 million and $7 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $1 million for each of the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remeasurement of Accumulated Other Post-retirement Benefit Obligation | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 551 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -1 | ― | -1 | ― | ― | Amortization of prior service cost | 1 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | Interest cost on projected benefit obligation | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | 1 | Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 3 | ― | 1 | ― | ― | Amortization of actuarial loss | 1 | ― | 1 | ― | ― | Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | 1 | 1 | Net periodic pension costs | $ | 6 | $ | ― | $ | 3 | $ | 1 | $ | 1 | Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | ― | $ | 3 | $ | 2 | $ | 1 | Amortization of prior service credit | -1 | ― | -1 | ― | ― | Amortization of prior service cost | 1 | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remeasurement of Accumulated Other Post-retirement Benefit Obligation | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 551 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | Interest cost on projected benefit obligation | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | 1 | Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 3 | ― | 1 | ― | ― | Amortization of actuarial loss | 1 | ― | 1 | ― | ― | Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | 1 | 1 | Net periodic pension costs | $ | 6 | $ | ― | $ | 3 | $ | 1 | $ | 1 | Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | ― | $ | 3 | $ | 2 | $ | 1 | Amortization of prior service credit | -1 | ― | -1 | ― | ― | Amortization of prior service cost | 1 | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remeasurement of Accumulated Other Post-retirement Benefit Obligation | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 551 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | Interest cost on projected benefit obligation | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | 1 | Service cost | $ | 2 | $ | ― | $ | 1 | $ | 1 | $ | ― | Service cost | $ | 1 | $ | ― | $ | 1 | $ | 1 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 3 | ― | 1 | ― | ― | Amortization of actuarial loss | 1 | ― | 1 | ― | ― | Interest cost on projected benefit obligation | 10 | 1 | 5 | 1 | 1 | Interest cost on projected benefit obligation | 8 | 1 | 6 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 1 | ― | 1 | 1 | 1 | Net periodic pension costs | $ | 6 | $ | ― | $ | 3 | $ | 1 | $ | 1 | Amortization of actuarial loss | 4 | ― | 3 | 1 | 1 | Amortization of actuarial loss | 2 | ― | 3 | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 5 | $ | ― | $ | 3 | $ | 2 | $ | 1 | Amortization of prior service credit | -1 | ― | -1 | ― | ― | Amortization of prior service cost | 1 | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 15 | $ | 1 | $ | 8 | $ | 3 | $ | 2 | Net periodic pension costs | $ | 12 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remeasurement of Accumulated Other Post-retirement Benefit Obligation | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 551 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 382 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 7 | $ | 1 | $ | 6 | $ | 3 | $ | 2 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 19 | 3 | 12 | 7 | 5 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -4 | -2 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -3 | -2 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 13 | ― | 13 | 8 | 4 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic other post-retirement benefit costs(a) | $ | 32 | $ | ― | $ | 31 | $ | 18 | $ | 11 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Severance_Tables
Severance (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||||
Schedule of Severance Liability | ' | |||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Schedule of Severance Expense | ' | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Duke Energy | $ | 5 | $ | 146 | $ | 30 | $ | 146 | ||||||||
Duke Energy Carolinas | — | 48 | 7 | 48 | ||||||||||||
Progress Energy | 4 | 66 | 17 | 66 | ||||||||||||
Duke Energy Progress | 3 | 42 | 12 | 42 | ||||||||||||
Duke Energy Florida | 1 | 24 | 5 | 24 | ||||||||||||
Duke Energy Ohio | — | 15 | 2 | 15 | ||||||||||||
Duke Energy Indiana | — | 13 | 2 | 13 | ||||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||||
Schedule of Severance Liability | ' | |||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Progress Energy [Member] | ' | |||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||||
Schedule of Severance Liability | ' | |||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Duke Energy Progress [Member] | ' | |||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||||
Schedule of Severance Liability | ' | |||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||||
Schedule of Severance Liability | ' | |||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | |||||||||||
Balance at December 31, 2012 | $ | 135 | $ | 12 | $ | 43 | $ | 23 | $ | 6 | ||||||
Provision / Adjustments(a) | 41 | 2 | 45 | 7 | 30 | |||||||||||
Cash Reductions | -114 | -12 | -42 | -17 | -13 | |||||||||||
Balance at September 30, 2013 | $ | 62 | $ | 2 | $ | 46 | $ | 13 | $ | 23 | ||||||
(a) | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |||||||||||||||
Income_Taxes_and_Other_Taxes_T
Income Taxes and Other Taxes (Tables) | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Income Tax Disclosure [Line Items] | ' | |||||||||||||||||||||
Summary of Effective Tax Rates | ' | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Duke Energy | 31.5 | % | 29.4 | % | 32.6 | % | 29.6 | % | ||||||||||||||
Duke Energy Carolinas | 37.9 | % | 34.2 | % | 37.5 | % | 35.8 | % | ||||||||||||||
Progress Energy | 38.8 | % | 32.8 | % | 38.1 | % | 34.7 | % | ||||||||||||||
Duke Energy Progress | 35.7 | % | 31.9 | % | 37.3 | % | 31.6 | % | ||||||||||||||
Duke Energy Florida | 40 | % | 35.9 | % | 40 | % | 36.9 | % | ||||||||||||||
Duke Energy Ohio | 42.9 | % | 45.2 | % | 40.4 | % | 38.9 | % | ||||||||||||||
Duke Energy Indiana | 36.6 | % | 55.1 | % | 37.2 | % | 47.7 | % | ||||||||||||||
Schedule of Unrecognized Tax Benefits | ' | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Unrecognized tax benefits - January 1 | $ | 540 | $ | 271 | $ | 131 | $ | 67 | $ | 44 | $ | 36 | $ | 32 | ||||||||
Gross decreases - tax positions in prior periods | -230 | -96 | -85 | -45 | -37 | -36 | -31 | |||||||||||||||
Settlements | -66 | -4 | ― | ― | ― | ― | ― | |||||||||||||||
Total changes | -296 | -100 | -85 | -45 | -37 | -36 | -31 | |||||||||||||||
Unrecognized tax benefits - September 30(a) | $ | 244 | $ | 171 | $ | 46 | $ | 22 | $ | 7 | $ | ― | $ | 1 | ||||||||
(a) | The Duke Energy Registrants do not anticipate a significant increase or decrease in unrecognized tax benefits in the next twelve months. | |||||||||||||||||||||
Schedule of Excise Taxes | ' | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Duke Energy | $ | 170 | $ | 178 | $ | 461 | $ | 325 | ||||||||||||||
Duke Energy Carolinas | 46 | 47 | 124 | 125 | ||||||||||||||||||
Progress Energy | 89 | 95 | 230 | 241 | ||||||||||||||||||
Duke Energy Progress | 33 | 33 | 88 | 85 | ||||||||||||||||||
Duke Energy Florida | 56 | 62 | 142 | 156 | ||||||||||||||||||
Duke Energy Ohio | 26 | 26 | 81 | 79 | ||||||||||||||||||
Duke Energy Indiana | 9 | 9 | 26 | 25 | ||||||||||||||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Duke Energy Carolinas [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Progress Energy [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Duke Energy Progress [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Duke Energy Florida [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Duke Energy Ohio [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Duke Energy Indiana [Member] | ' | ||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||
Related Party Transactions, Other Revenue and Expense | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||
Duke Energy Carolinas | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 236 | $ | 309 | $ | 714 | $ | 798 | |||||||
Indemnification coverages(b) | 5 | 5 | 16 | 16 | |||||||||||
Joint Dispatch Agreement (JDA) revenue(c) | 24 | 8 | 101 | 8 | |||||||||||
JDA expense(c) | 39 | 37 | 71 | 37 | |||||||||||
Progress Energy | |||||||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 54 | $ | 31 | $ | 327 | $ | 31 | |||||||
Corporate governance and shared services provided to Duke Energy(d) | 24 | 30 | 74 | 30 | |||||||||||
Indemnification coverages(b) | 9 | 7 | 26 | 7 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Progress | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 33 | $ | 72 | $ | 195 | $ | 183 | |||||||
Indemnification coverages(b) | 5 | 3 | 15 | 3 | |||||||||||
JDA revenue(c) | 39 | 37 | 71 | 37 | |||||||||||
JDA expense(c) | 24 | 8 | 101 | 8 | |||||||||||
Duke Energy Florida | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 20 | $ | 52 | $ | 131 | $ | 136 | |||||||
Indemnification coverages(b) | 4 | 4 | 11 | 4 | |||||||||||
Duke Energy Ohio | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 89 | $ | 103 | $ | 261 | $ | 279 | |||||||
Indemnification coverages(b) | 3 | 4 | 11 | 11 | |||||||||||
Duke Energy Indiana | |||||||||||||||
Corporate governance and shared service expenses(a) | $ | 113 | $ | 118 | $ | 313 | $ | 317 | |||||||
Indemnification coverages(b) | 5 | 2 | 10 | 6 | |||||||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(b) | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(c) | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
(d) | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||
Organization_and_Basis_of_Pres3
Organization and Basis of Presentation (Schedule of Unbilled Revenues with Restricted Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | $856 | ' | $856 | ' | $920 |
Income Amounts Attributable to Parent, Disclosures [Abstract] | ' | ' | ' | ' | ' |
Net income (loss) attributable to Duke Energy Corporation | 1,004 | 594 | 1,977 | 1,333 | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 288 | ' | 288 | ' | 315 |
Progress Energy [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 220 | ' | 220 | ' | 187 |
Income Amounts Attributable to Parent, Disclosures [Abstract] | ' | ' | ' | ' | ' |
Net income (loss) attributable to Duke Energy Corporation | 341 | 155 | 477 | 368 | ' |
Duke Energy Progress [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 120 | ' | 120 | ' | 112 |
Duke Energy Florida [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 100 | ' | 100 | ' | 74 |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 33 | ' | 33 | ' | 47 |
Duke Energy Ohio [Member] | CRC [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 65 | ' | 65 | ' | 90 |
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | 3 | ' | 3 | ' | 3 |
Duke Energy Indiana [Member] | CRC [Member] | ' | ' | ' | ' | ' |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | ' |
Unbilled receivables, current | $126 | ' | $126 | ' | $132 |
Acquisitions_and_Sales_of_Othe2
Acquisitions and Sales of Other Assets (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 6 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Jul. 02, 2012 | Dec. 31, 2012 | Jun. 30, 2012 | Jan. 12, 2012 | Dec. 31, 2012 | Apr. 30, 2013 | Oct. 04, 2013 | Jan. 12, 2012 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Purchase Price Allocation Adjustments [Member] | Sumitomo Corporation of America [Member] | Wabash Valley Power Association [Member] | Ibener [Member] | Ibener [Member] | DukeNet [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | |||||
Scenario Forecast [Member] | |||||||||||||||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjusted conversion ratio, after reverse stock split adjustment | ' | ' | ' | 87.08% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of outstanding earned stock compensation awards | ' | ' | ' | $62 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total estimated purchase price | ' | ' | 18,071 | 18,071 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | 293 | 322 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | 28 | 26 | 0 | 26 |
Proceeds from sale of interest in jointly owned utility plant | ' | ' | ' | ' | ' | ' | 14 | ' | ' | ' | 82 | ' | 68 | ' | ' |
Sale of ownership interest in Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' |
Equity ownership interest rate | ' | ' | ' | ' | ' | 50.00% | 37.50% | ' | ' | ' | ' | ' | 62.50% | ' | ' |
Construction and 12-year amortizing term loan facility | ' | ' | ' | ' | ' | 330 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of other long-term debt | ' | ' | ' | ' | ' | 319 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash collateral returned | ' | ' | ' | ' | ' | ' | ' | ' | 192 | ' | ' | ' | ' | ' | ' |
Cash paid | ' | ' | ' | ' | ' | ' | ' | 415 | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment | ' | ' | 23,141 | ' | -138 | ' | ' | 383 | ' | ' | ' | ' | ' | ' | ' |
Intangibles | ' | ' | ' | ' | ' | ' | ' | 30 | ' | ' | ' | ' | ' | ' | ' |
Deferred tax | ' | ' | ' | ' | ' | ' | ' | 57 | ' | ' | ' | ' | ' | ' | ' |
Working capital | ' | ' | 3,204 | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' |
Goodwill | ' | ' | 12,469 | ' | 2 | ' | ' | 54 | ' | ' | ' | ' | ' | ' | ' |
Proceeds from divestiture of interest in joint venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | 210 | ' | ' | ' | ' | ' |
Other long-term assets, excluding goodwill | ' | ' | $9,990 | ' | ($4) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_and_Sales_of_Othe3
Acquisitions and Sales of Other Assets (Accounting Charges) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | $5 | $146 | $30 | $146 |
FERC mitigation | ' | ' | 0 | 117 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | 0 | 48 | 7 | 48 |
FERC mitigation | ' | ' | 0 | 46 |
Progress Energy [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | 4 | 66 | 17 | 66 |
FERC mitigation | ' | ' | 0 | 71 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | 3 | 42 | 12 | 42 |
FERC mitigation | ' | ' | 0 | 71 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | 1 | 24 | 5 | 24 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | 0 | 15 | 2 | 15 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Severance costs 1 | $0 | $13 | $2 | $13 |
Acquisitions_and_Sales_of_Othe4
Acquisitions and Sales of Other Assets (Purchase Price Calculation) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jul. 02, 2012 | Dec. 31, 2011 |
In Millions, except Share data, unless otherwise specified | |||||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' |
Progress Energy common shares outstanding | 706,000,000 | 704,000,000 | 704,000,000 | ' | 445,000,000 |
Exchange ratio | ' | ' | ' | 87.08% | ' |
Fair value of outstanding earned stock compensation awards | ' | ' | ' | $62 | ' |
Total estimated purchase price | $18,071 | ' | ' | $18,071 | ' |
Progress Energy [Member] | ' | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' |
Progress Energy common shares outstanding | 100 | 100 | ' | ' | ' |
Acquisitions_and_Sales_of_Othe5
Acquisitions and Sales of Other Assets (Purchase Price Allocation) (Details) (USD $) | Sep. 30, 2013 | Jul. 02, 2012 |
In Millions, unless otherwise specified | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' |
Current assets | $3,204 | ' |
Property, plant and equipment | 23,141 | ' |
Goodwill | 12,469 | ' |
Other long-term assets, excluding goodwill | 9,990 | ' |
Total assets | 48,804 | ' |
Current liabilities, including current maturities of long-term debt | 3,593 | ' |
Long-term liabilities, preferred stock and noncontrolling interests | 10,394 | ' |
Long-term debt | 16,746 | ' |
Total liabilities and preferred stock | 30,733 | ' |
Total estimated purchase price | $18,071 | $18,071 |
Acquisitions_and_Sales_of_Othe6
Acquisitions and Sales of Other Assets (Pro Forma Financial Information) (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 |
Significant Acquisitions and Disposals [Line Items] | ' | ' |
Revenues | $6,727 | $18,309 |
Net Income Attributable to Duke Energy Corporation | $889 | $1,888 |
Basic Earnings Per Share | $1.26 | $2.68 |
Diluted Earnings Per Share | $1.26 | $2.68 |
Acquisitions_and_Sales_of_Othe7
Acquisitions and Sales of Other Assets (Narrative - Change in PPA) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Purchase Price Allocation Adjustments [Member] | |
Significant Acquisitions and Disposals [Line Items] | ' | ' |
Current assets | $3,204 | ' |
Property, plant and equipment | 23,141 | -138 |
Goodwill | 12,469 | 2 |
Other long-term assets, excluding goodwill | 9,990 | -4 |
Current liabilities, including current maturities of long-term debt | 3,593 | 12 |
Long-term liabilities, preferred stock and noncontrolling interests | $10,394 | ($152) |
Business_Segments_Narrative_De
Business Segments (Narrative) (Details) | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jan. 12, 2012 |
International Energy Interest In National Methanol [Member] | Duke Energy Interest In Detm [Member] | DukeNet [Member] | Duke Energy Indiana [Member] | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Equity ownership interest rate | 25.00% | 60.00% | 50.00% | 62.50% |
Business_Segments_Business_Seg
Business Segments (Business Segment Data) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | $6,709 | $6,722 | $18,486 | $13,929 | ' | ||||
Segment income | 990 | [1],[2],[3],[4] | 590 | [5],[6] | 1,966 | [1],[2],[3],[7],[8],[9] | 1,328 | [10],[11] | ' |
Add back Noncontrolling interest component | 4 | 4 | 7 | 12 | ' | ||||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 14 | 4 | 11 | 5 | ' | ||||
Net Income (Loss) | 1,008 | 598 | 1,984 | 1,345 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 114,590 | ' | 114,590 | ' | 113,856 | ||||
Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6,709 | [1],[2],[3] | 6,722 | 18,486 | [1],[2],[3] | 13,929 | ' | ||
Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 0 | 0 | 0 | 0 | ' | ||||
U S Franchised Electric And Gas [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 5,786 | 5,842 | 15,766 | 11,207 | ' | ||||
Segment income | 923 | [1],[2],[3] | 790 | [5] | 1,932 | [1],[2],[3],[7],[8] | 1,263 | [10] | ' |
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ||||
After-tax deferral of voluntary severance program expense | ' | ' | ' | 60 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 99,269 | ' | 99,269 | ' | ' | ||||
U S Franchised Electric And Gas [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 5,768 | [1],[2],[3] | 5,830 | 15,731 | [1],[2],[3] | 11,178 | ' | ||
U S Franchised Electric And Gas [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 18 | 12 | 35 | 29 | ' | ||||
Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 550 | 525 | 1,559 | 1,607 | ' | ||||
Segment income | 27 | 12 | 26 | 71 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 6,852 | ' | 6,852 | ' | ' | ||||
Commercial Power [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 541 | 508 | 1,527 | 1,560 | ' | ||||
Commercial Power [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 9 | 17 | 32 | 47 | ' | ||||
International Energy [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 370 | 382 | 1,168 | 1,181 | ' | ||||
Segment income | 116 | 103 | 300 | 350 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 5,669 | ' | 5,669 | ' | ' | ||||
International Energy [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 370 | 382 | 1,168 | 1,181 | ' | ||||
International Energy [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | ' | 0 | 0 | 0 | ' | ||||
Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6,706 | 6,749 | 18,493 | 13,995 | ' | ||||
Segment income | 1,066 | [1],[2],[3] | 905 | [5] | 2,258 | [1],[2],[3],[7],[8] | 1,684 | [10] | ' |
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 111,790 | ' | 111,790 | ' | ' | ||||
Total Reportable Segments [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6,679 | [1],[2],[3] | 6,720 | 18,426 | [1],[2],[3] | 13,919 | ' | ||
Total Reportable Segments [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 27 | 29 | 67 | 76 | ' | ||||
All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 54 | 20 | 125 | 51 | ' | ||||
Segment income | -76 | [4] | -315 | [6] | -292 | [9] | -356 | [11] | ' |
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ||||
After-tax costs to achieve the merger | 54 | 293 | 139 | 306 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 2,658 | ' | 2,658 | ' | ' | ||||
All Other Segments [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 30 | 2 | 60 | 10 | ' | ||||
All Other Segments [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 24 | 18 | 65 | 41 | ' | ||||
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -51 | -47 | -132 | -117 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 142 | ' | 142 | ' | ' | ||||
Intersegment Eliminations [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -51 | -47 | -132 | -117 | ' | ||||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 1,919 | 1,939 | 5,239 | 5,056 | ' | ||||
Net Income (Loss) | 342 | 258 | 767 | 735 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 31,552 | ' | 31,552 | ' | 30,642 | ||||
Duke Energy Carolinas [Member] | Rate Case Step One [Member] | NCUC [Member] | ' | ' | ' | ' | ' | ||||
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ||||
Approved rate increase amount by state commission | ' | ' | 205 | ' | ' | ||||
Duke Energy Carolinas [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -26 | -119 | -69 | -137 | ' | ||||
Progress Energy [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 2,766 | 2,788 | 7,233 | 7,178 | ' | ||||
Add back Noncontrolling interest component | 1 | 2 | 2 | 5 | ' | ||||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 14 | 3 | 10 | 10 | ' | ||||
Net Income (Loss) | 342 | 157 | 479 | 373 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 37,430 | ' | 37,430 | ' | 37,405 | ||||
Progress Energy [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -72 | -181 | -205 | -278 | ' | ||||
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 1,430 | 1,398 | 3,781 | 3,578 | ' | ||||
Net Income (Loss) | 175 | 96 | 362 | 180 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 18,542 | ' | 18,542 | ' | 18,068 | ||||
Duke Energy Progress [Member] | Rate Case Step One [Member] | NCUC [Member] | ' | ' | ' | ' | ' | ||||
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ||||
Approved rate increase amount by state commission | ' | ' | 147 | ' | ' | ||||
Duke Energy Progress [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -20 | -109 | -40 | -119 | ' | ||||
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 1,332 | 1,388 | 3,442 | 3,594 | ' | ||||
Net Income (Loss) | 197 | 100 | 250 | 311 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 14,845 | ' | 14,845 | ' | 15,180 | ||||
Duke Energy Florida [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -6 | -23 | -18 | -30 | ' | ||||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 819 | 757 | 2,377 | 2,386 | ' | ||||
Segment income | 59 | [12] | 14 | 96 | [12] | 133 | ' | ||
Net Income (Loss) | 59 | 14 | 96 | 133 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 10,657 | ' | 10,657 | ' | 10,560 | ||||
Duke Energy Ohio [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 819 | [12] | 757 | 2,377 | [12] | 2,386 | ' | ||
Duke Energy Ohio [Member] | Electric Rate Case [Member] | PUCO [Member] | ' | ' | ' | ' | ' | ||||
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ||||
Approved rate increase amount by state commission | ' | ' | 49 | ' | ' | ||||
Duke Energy Ohio [Member] | Franchised Electric & Gas [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 421 | 431 | 1,317 | 1,291 | ' | ||||
Segment income | 42 | [12] | 49 | 122 | [12] | 113 | ' | ||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 6,631 | ' | 6,631 | ' | ' | ||||
Duke Energy Ohio [Member] | Franchised Electric & Gas [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 421 | [12] | 431 | 1,317 | [12] | 1,291 | ' | ||
Duke Energy Ohio [Member] | DEO Commercial Power [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 404 | 341 | 1,085 | 1,137 | ' | ||||
Segment income | 30 | -17 | -3 | 44 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 4,088 | ' | 4,088 | ' | ' | ||||
Duke Energy Ohio [Member] | DEO Commercial Power [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 398 | 326 | 1,060 | 1,095 | ' | ||||
Duke Energy Ohio [Member] | DEO Commercial Power [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6 | 15 | 25 | 42 | ' | ||||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 825 | 772 | 2,402 | 2,428 | ' | ||||
Segment income | 72 | [12] | 32 | 119 | [12] | 157 | ' | ||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 10,719 | ' | 10,719 | ' | ' | ||||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 819 | [12] | 757 | 2,377 | [12] | 2,386 | ' | ||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 6 | 15 | 25 | 42 | ' | ||||
Duke Energy Ohio [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | -13 | -18 | -23 | -24 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 103 | ' | 103 | ' | ' | ||||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -6 | -15 | -25 | -42 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | -165 | ' | -165 | ' | ' | ||||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | -6 | -15 | -25 | -42 | ' | ||||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenues | 755 | 718 | 2,179 | 2,091 | ' | ||||
Net Income (Loss) | 104 | -19 | 276 | -109 | ' | ||||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ||||
Segment assets | 10,336 | ' | 10,336 | ' | 10,008 | ||||
Duke Energy Indiana [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ||||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ||||
Segment income | ($5) | ($14) | ($13) | ($19) | ' | ||||
[1] | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | ||||||||
[2] | In June 2013, Duke Energy Progress implemented revised customer rates approved by the NCUC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | ||||||||
[3] | In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. This increase impacts USFE&G. See Note 4 for additional information about the revised customer rates. | ||||||||
[4] | Other includes after-tax costs to achieve the merger with Progress Energy of $54 million. See Note 2 for additional information about the merger. | ||||||||
[5] | USFE&G recorded an impairment related to the Edwardsport Integrated Gasification Combined Cycle (IGCC) project. See Note 4 for additional information on the Edwardsport impairment. | ||||||||
[6] | Other includes after-tax costs to achieve the merger with Progress Energy of $293 million. See Note 2 for additional information about the merger. | ||||||||
[7] | USFE&G recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 impairment. | ||||||||
[8] | USFE&G recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. USFE&G also recorded an impairment charge related to Duke Energy Florida's proposed Levy Nuclear Station (Levy). See Note 4 for additional information about the Harris site and Levy site impairments. | ||||||||
[9] | Other includes after-tax costs to achieve the merger with Progress Energy of $139 million. See Note 2 for additional information about the merger. | ||||||||
[10] | USFE&G recorded an impairment charge related to Duke Energy Indiana's IGCC project. USFE&G also recorded the reversal of expenses of $60 million related to a prior year Voluntary Opportunity Plan in accordance with Duke Energy Carolinas' 2011 rate case. See Note 4 for additional information about the impairment charges. | ||||||||
[11] | Other includes after-tax costs to achieve the merger with Progress Energy of $306 million. See Note 2 for additional information about the merger. | ||||||||
[12] | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts FE&G. See Note 4 for additional information about the revised customer rates. |
Regulatory_Matters_Narrative_D
Regulatory Matters (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 36 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||||||
Retired Generation Facilities [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case Step One [Member] | Rate Case Step One [Member] | Rate Case Step Two [Member] | Rate Case Step Two [Member] | V.C. Summer Nuclear Station [Member] | V.C. Summer Nuclear Station [Member] | William State Lee III Nuclear Station [Member] | Retired Generation Facilities [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case Step One [Member] | Rate Case Step Two [Member] | L V Sutton Plant [Member] | Shearon Harris Nuclear Station [Member] | 2012 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Crystal River Unit 3 [Member] | Levy Nuclear Station [Member] | Levy Nuclear Station [Member] | New Generation Needs [Member] | Electric Rate Case [Member] | Natural Gas Rate Case [Member] | Capacity Rider Filing [Member] | RTO Realignment [Member] | Retired Generation Facilities [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | Edwardsport IGCC Plant [Member] | |||||||||||||||||||||||||||
NCUC [Member] | NCUC [Member] | NCUC [Member] | PSCSC [Member] | PSCSC [Member] | NCUC [Member] | PSCSC [Member] | NCUC [Member] | PSCSC [Member] | Minimum [Member] | Maximum [Member] | NCUC [Member] | NCUC [Member] | NCUC [Member] | NCUC [Member] | Minimum [Member] | Maximum [Member] | Amount Subject To Cost Cap [Member] | Uprate And Dry Cask Storage Projects [Member] | Minimum [Member] | Maximum [Member] | 2012 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | NEIL Settlement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | PUCO [Member] | PUCO [Member] | Edwardsport Event April 16, 2010 [Member] | Edwardsport Event June 27, 2011 [Member] | Edwardsport Event October 19, 2011 [Member] | Edwardsport Event October 30, 2012 [Member] | Edwardsport Event November 20, 2007 [Member] | Edwardsport Event January 2009 | Edwardsport Event December 27, 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Removal Costs Reduction Year One [Member] | Removal Costs Reduction Year Two [Member] | Removal Costs Reduction [Member] | Removal Costs Reduction [Member] | MW | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Combined cycle capacity, MW | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional generation capacity, MW | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated AFUDC on capital project | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $160,000,000 | ' | ' | ' | ' | $125,000,000 | ' |
Estimated capital cost of new utility plant, including AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 570,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of completion of construction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 94.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net property, plant and equipment | 69,284,000,000 | ' | 69,284,000,000 | ' | 68,558,000,000 | ' | ' | 23,185,000,000 | 22,826,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 370,000,000 | 13,442,000,000 | ' | 13,442,000,000 | ' | 13,062,000,000 | ' | ' | ' | ' | ' | ' | ' | 9,514,000,000 | ' | 9,514,000,000 | ' | 9,360,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 117,000,000 | ' | ' | 8,191,000,000 | 8,126,000,000 | ' | ' | ' | ' | 8,471,000,000 | ' | 8,471,000,000 | ' | 8,320,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
VC summer ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved rate increase amount by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 205,000,000 | 80,000,000 | 30,000,000 | 38,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 147,000,000 | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Requested rate increase amount to state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate increase begin date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9/25/2013 | ' | ' | '9/18/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6/1/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5/1/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved rate increase percentage by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 5.50% | 0.60% | 2.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved return on equity percentage amount by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.20% | ' | ' | 10.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | 11.50% | ' | ' | ' | ' | ' | ' | 7.35% | ' | ' | ' | 10.50% | ' | ' | 9.84% | 9.84% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved equity capital structure, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53.00% | ' | ' | 53.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Required shareholder contribution to low income customers or agencies. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges | 2,000,000 | 266,000,000 | 388,000,000 | 668,000,000 | ' | 31,000,000 | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 55,000,000 | 22,000,000 | 55,000,000 | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | 1,000,000 | 0 | 346,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295,000,000 | ' | ' | 65,000,000 | ' | ' | ' | ' | ' | ' | ' | 0 | 180,000,000 | 0 | 580,000,000 | ' | ' | 600,000,000 | 897,000,000 | ' | ' | ' | ' | ' | ' | ' |
Edwardsport IGCC original estimated and approved capital cost, including AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,985,000,000 | ' | ' |
Edwardsport IGCC revised estimated capital cost, including AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,880,000,000 | ' | ' | ' | ' | 2,350,000,000 | ' |
Cost Cap for customers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,466,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,595,000,000 |
Edwardsport IGCC revised estimated capital costs, excluding AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,820,000,000 | 2,980,000,000 | 3,150,000,000 | ' | ' | ' |
EPA compliance capital costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 395,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capacity rider revenues requested | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 729,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
MVP project costs approved by MISO | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Future revenue requirement discount rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
MVP projects future revenue requirements obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 514,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovery costs not sought | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 121,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repair costs, range of possible costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000,000 | 1,300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrecovered investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 265,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public utilities, cost of removal reserve, reduction taken subject to regulatory order | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | 60,000,000 | 95,000,000 | 118,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public utilities, cost of removal reserve, amount subject to regulatory order | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,000,000 | ' | 19,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Refund to customers recorded as reduction to revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 288,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Independent review repair costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,490,000,000 | 3,430,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decommissioning cost study estimate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 989,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total insurance proceeds received to date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 835,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current year insurance proceeds received to date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 530,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Future customer credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acceleration of cash recovery through fuel clause | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decommissioning trust funding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Regulatory assets, noncurrent | 10,220,000,000 | ' | 10,220,000,000 | ' | 11,004,000,000 | ' | ' | 1,794,000,000 | 1,727,000,000 | 71,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,558,000,000 | ' | 1,558,000,000 | ' | 1,845,000,000 | 187,000,000 | ' | ' | ' | ' | ' | 47,000,000 | 3,007,000,000 | ' | 3,007,000,000 | ' | 3,321,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,186,000,000,000 | 324,000,000 | ' | ' | ' | ' | ' | 118,000,000 | ' | ' | 556,000,000 | 579,000,000 | ' | ' | ' | 70,000,000 | 790,000,000 | ' | 790,000,000 | ' | 810,000,000 | 57,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Regulatory liability, noncurrent | 5,904,000,000 | ' | 5,904,000,000 | ' | 5,584,000,000 | ' | ' | 2,484,000,000 | 2,102,000,000 | ' | ' | 30,000,000 | 30,000,000 | ' | 45,000,000 | ' | ' | ' | ' | ' | ' | ' | 1,743,000,000 | ' | 1,743,000,000 | ' | 1,538,000,000 | ' | ' | 20,000,000 | ' | ' | ' | ' | 640,000,000 | ' | 640,000,000 | ' | 787,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 490,000,000 | ' | ' | ' | 257,000,000 | 254,000,000 | ' | ' | ' | ' | 766,000,000 | ' | 766,000,000 | ' | 741,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other current assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $30,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Regulatory_Matters_Refunds_Det
Regulatory Matters (Refunds) (Details) (Duke Energy Florida [Member], USD $) | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Florida Public Service Commission Settlement Agreement 2012 [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
Customer refunds to date | $97 | ' | ' | ' |
Total Customer Refunds To Be Paid | 288 | ' | ' | ' |
Florida Public Service Commission Settlement Agreement 2012 [Member] | Scenario Forecast [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2013 | 32 | ' | ' | ' |
2014 | ' | ' | ' | 139 |
2015 | ' | ' | 10 | ' |
2016 | ' | 10 | ' | ' |
Retirement Decision Credits [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2015 | ' | ' | 40 | ' |
2016 | ' | 60 | ' | ' |
Total Customer Refunds To Be Paid | 100 | ' | ' | ' |
Neil Settlement [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
Customer refunds to date | 245 | ' | ' | ' |
Total Customer Refunds To Be Paid | 490 | ' | ' | ' |
Neil Settlement [Member] | Scenario Forecast [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2013 | 81 | ' | ' | ' |
2014 | ' | ' | ' | 164 |
Total Customer Refunds [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
Customer refunds to date | 342 | ' | ' | ' |
Total Customer Refunds To Be Paid | 878 | ' | ' | ' |
Total Customer Refunds [Member] | Scenario Forecast [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2013 | 113 | ' | ' | ' |
2014 | ' | ' | ' | 303 |
2015 | ' | ' | 50 | ' |
2016 | ' | 70 | ' | ' |
Accelerated Regulatory Asset Recovery [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
Total Customer Refunds To Be Paid | -135 | ' | ' | ' |
Accelerated Regulatory Asset Recovery [Member] | Scenario Forecast [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2014 | ' | ' | ' | -38 |
2015 | ' | ' | -38 | ' |
2016 | ' | -59 | ' | ' |
Net Customer Refunds [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
Customer refunds to date | 342 | ' | ' | ' |
Total Customer Refunds To Be Paid | 743 | ' | ' | ' |
Net Customer Refunds [Member] | Scenario Forecast [Member] | ' | ' | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' | ' | ' |
2013 | 113 | ' | ' | ' |
2014 | ' | ' | ' | 265 |
2015 | ' | ' | 12 | ' |
2016 | ' | $11 | ' | ' |
Regulatory_Matters_Schedule_of
Regulatory Matters (Schedule of Net Carrying Value Of Facilities As Well As the Remaining Non-current Regulatory Assets) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | |
MW | ||
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 3,244 | |
Remaining net book value of potential plants to be retired | $319 | [1] |
Duke Energy Carolinas [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 200 | [2] |
Remaining net book value of potential plants to be retired | 14 | [1],[2] |
Progress Energy [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 1,448 | |
Remaining net book value of potential plants to be retired | 171 | [1] |
Duke Energy Progress [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 575 | [3],[4] |
Remaining net book value of potential plants to be retired | 59 | [1],[3],[4] |
Duke Energy Florida [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 873 | [5] |
Remaining net book value of potential plants to be retired | 112 | [1],[5] |
Duke Energy Ohio [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 928 | [6] |
Remaining net book value of potential plants to be retired | 10 | [1],[6] |
Duke Energy Indiana [Member] | ' | |
Public Utilities, General Disclosures [Line Items] | ' | |
Megawatt of potential plants to be retired | 668 | [7] |
Remaining net book value of potential plants to be retired | $124 | [1],[7] |
[1] | Included in Property, plant and equipment, net as of September 30, 2013, on the Condensed Consolidated Balance Sheets, unless otherwise noted. | |
[2] | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |
[3] | Includes Sutton Station, which is expected to be retired by the end of 2013. | |
[4] | Remaining net book value of Duke Energy Progress' Sutton Station is included in Generation facilities to be retired, net, on the Condensed Consolidated Balance Sheets at September 30, 2013. | |
[5] | Includes Crystal River Units 1 and 2. | |
[6] | Includes Beckjord Station Units 2 through 6 and Miami Fort Unit 6. Beckjord units have no remaining book value. Beckjord units 2 and 3 were retired effective October 1, 2013. | |
[7] | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. |
Regulatory_Matters_Schedule_of1
Regulatory Matters (Schedule of MISO Exit fees)(Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | $135 | |
Cash reductions | 114 | |
Restructuring reserve, period expense | -41 | [1] |
Balance at September 30, 2013 | 62 | |
Duke Energy Ohio [Member] | RTO Realignment [Member] | ' | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | 97 | |
Cash reductions | -3 | |
Restructuring reserve, accrual adjustment | 3 | |
Balance at September 30, 2013 | $97 | [2] |
[1] | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. | |
[2] | As of September 30, 2013, $70 million is recorded as a Regulatory asset on Duke Energy Ohio's Condensed Consolidated Balance Sheets. |
Commitments_and_Contingencies_1
Commitments and Contingencies (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2013 | Dec. 31, 2009 | Dec. 31, 2012 | |||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | $75,000,000 | ' | ' | ||
Probable insurance recoveries | 649,000,000 | [1],[2] | ' | 781,000,000 | [1],[2] |
Minimum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Estimated cost of complying with recently issued and proposed EPA regulations | 5,000,000,000 | ' | ' | ||
Maximum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Estimated cost of complying with recently issued and proposed EPA regulations | 6,000,000,000 | ' | ' | ||
Alaskan Global Warming Lawsuit [Member] | Minimum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Sought, Value | 95,000,000 | ' | ' | ||
Alaskan Global Warming Lawsuit [Member] | Maximum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Sought, Value | 400,000,000 | ' | ' | ||
Brazil Expansion Lawsuit [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Obligation to expand installed generation capacity, percent | 15.00% | ' | ' | ||
Crescent Litigation [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Sought, Value | 1,200,000,000 | ' | ' | ||
Settlement offer to plaintiffs, partial | 50,000,000 | ' | ' | ||
Crescent Litigation [Member] | Interest Expense [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Sought, Value | 252,000,000 | ' | ' | ||
Crescent Litigation [Member] | Bank Fees Member [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Sought, Value | 15,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 29,000,000 | ' | ' | ||
Probable insurance recoveries | 649,000,000 | [1],[2] | ' | 781,000,000 | [1],[2] |
Duke Energy Carolinas [Member] | New Source Review Provisions Of Clean Air Act [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
New Source Review maximum civil penalties per day for each violation | 37,500 | ' | ' | ||
Duke Energy Carolinas [Member] | Asbestos Issue [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Liability for Asbestos and Environmental Claims, Gross | 633,000,000 | ' | 751,000,000 | ||
Reinsurance Retention Policy, Amount Retained | 476,000,000 | ' | ' | ||
Reinsurance Retention Policy, Excess Retention, Amount Reinsured | 897,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | Asbestos Issue [Member] | Malignant Asbestos Claim [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Pending Claims, Number | 35 | ' | ' | ||
Liability for Asbestos and Environmental Claims, Gross | 11,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | Asbestos Issue [Member] | Non Malignant Asbestos Claim [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Pending Claims, Number | 157 | ' | ' | ||
Liability for Asbestos and Environmental Claims, Gross | 30,000,000 | ' | ' | ||
Progress Energy [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 6,000,000 | ' | ' | ||
Progress Energy [Member] | Synthetic Fuels [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Damages Paid, Value | ' | 154,000,000 | ' | ||
Damages awarded to plaintiff | 90,000,000 | ' | ' | ||
Gain recognized in period | ' | ' | 63,000,000 | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 3,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Spent Nuclear Fuels [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain Contingency, Unrecorded Amount | 84,000,000 | ' | ' | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 3,000,000 | ' | ' | ||
Duke Energy Florida [Member] | Spent Nuclear Fuels [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain Contingency, Unrecorded Amount | 21,000,000 | ' | ' | ||
Duke Energy Ohio [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 35,000,000 | ' | ' | ||
Duke Energy Indiana [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss Contingency, Range of Possible Loss, Portion Not Acccrued | 5,000,000 | ' | ' | ||
Duke Energy Indiana [Member] | Edwardsport Igcc Plant [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain Contingency, Unrecorded Amount | $560,000,000 | ' | ' | ||
[1] | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | ||||
[2] | Relates to recoveries associated with asbestos-related injuries and damages claims. |
Committments_and_Contingencies
Committments and Contingencies (Schedule of Reserves and Insurance Recoveries) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | $782 | [1],[2] | $846 | [1],[2] |
Probable insurance recoveries | 649 | [3],[4] | 781 | [3],[4] |
Duke Energy Carolinas [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 633 | [1],[2] | 751 | [1],[2] |
Probable insurance recoveries | 649 | [3],[4] | 781 | [3],[4] |
Progress Energy [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 74 | [1] | 79 | [1] |
Duke Energy Progress [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 10 | [1] | 12 | [1] |
Duke Energy Florida [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 43 | [1],[5] | 47 | [1],[5] |
Duke Energy Indiana [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | $8 | [1] | $8 | [1] |
[1] | Reserves are classified on the Condensed Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | |||
[2] | Includes reserves for asbestos-related injuries and damages claims. | |||
[3] | Insurance recoveries are classified on the Condensed Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | |||
[4] | Relates to recoveries associated with asbestos-related injuries and damages claims. | |||
[5] | Includes workers' compensation claims. |
Commitments_and_Contingencies_2
Commitments and Contingencies (Schedule of Environmental Loss Contingencies)(Details) (USD $) | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Minimum [Member] | Maximum [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | |||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | $75 | $61 | ' | ' | $12 | $12 | $12 | ' | ' | $15 | $28 | ' | ' | $8 | $9 | ' | ' | $33 | $23 | ' | ' | $14 | $11 | ' | ' | $19 | $12 | ' | ' |
Provision/adjustments | 6 | 43 | ' | ' | 1 | ' | ' | ' | ' | -1 | 10 | ' | ' | 1 | 2 | ' | ' | 5 | 16 | ' | ' | 1 | 4 | ' | ' | 4 | 12 | ' | ' |
Cash reductions | -17 | -19 | ' | ' | ' | ' | ' | ' | ' | -8 | -15 | ' | ' | -2 | -2 | ' | ' | -6 | -7 | ' | ' | -2 | -2 | ' | ' | -4 | -5 | ' | ' |
Ending balance | 64 | 85 | ' | ' | 13 | 12 | 12 | ' | ' | 6 | 23 | ' | ' | 7 | 9 | ' | ' | 32 | 32 | ' | ' | 13 | 13 | ' | ' | 19 | 19 | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | ' | ' | $650 | $800 | ' | ' | ' | $65 | $85 | ' | ' | $40 | $85 | ' | ' | $540 | $600 | ' | ' | $7 | $30 | ' | ' | $5 | $10 | ' | ' | $2 | $20 |
Debt_and_Credit_Facilities_Sum
Debt and Credit Facilities (Summary of Debt Issuances) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 31, 2013 | ||||||||||||||||||||||
In Millions, unless otherwise specified | January 2013 5.125% Junior Subordinated Debentures Maturing January 2073 [Member] | February 2013 4.740% Term Loans Maturing June 2037 [Member] | February 2013 2.043% Term Loans Maturing December 2030 [Member] | March 2013 4.100% First Mortgage Bonds Maturing March 2043 [Member] | April 2013 5.456% Non Recourse Secured Credit Facility Maturing April 2026 [Member] | April 2013 5.456% Non Recourse Secured Credit Facility Maturing April 2026 [Member] | June 2013 2.100% Senior Notes Maturing June 2018 [Member] | June 2013 4.00% Senior Notes Maturing June 2041 [Member] | July 2013 4.900% First Mortgage Bonds Maturing July 2043 [Member] | July 2013 0.619% First Mortgage Bonds Maturing July 2016 [Member] | August 2013 11.000% Non Convertible Debentures Maturing August 2018 [Member] | September 2013 3.800% First Mortgage Bonds Maturing September 2023 [Member] | September 2013 0.400% First Mortgage Bonds Maturing March 2015 [Member] | October 2013 3.950% Senior Notes Maturing October 2023 [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | |||||||||||||||||||||||
Unsecured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | First Mortgage Bonds [Member] | Bridge Loan [Member] | Secured Debt [Member] | Unsecured Debt [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | Unsecured Debt [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | Unsecured Debt [Member] | January 2013 5.125% Junior Subordinated Debentures Maturing January 2073 [Member] | March 2013 4.100% First Mortgage Bonds Maturing March 2043 [Member] | June 2013 4.00% Senior Notes Maturing June 2041 [Member] | September 2013 3.800% First Mortgage Bonds Maturing September 2023 [Member] | September 2013 0.400% First Mortgage Bonds Maturing March 2015 [Member] | July 2013 4.900% First Mortgage Bonds Maturing July 2043 [Member] | July 2013 0.619% First Mortgage Bonds Maturing July 2016 [Member] | January 2013 5.125% Junior Subordinated Debentures Maturing January 2073 [Member] | June 2013 2.100% Senior Notes Maturing June 2018 [Member] | October 2013 3.950% Senior Notes Maturing October 2023 [Member] | ||||||||||||||||||||||||||||
Subsequent Event [Member] | Corporate Debt Securities [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | First Mortgage Bonds [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | |||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||
Debt issuance date | ' | 31-Jan-13 | 28-Feb-13 | 28-Feb-13 | 31-Mar-13 | ' | 30-Apr-13 | 30-Jun-13 | 30-Jun-13 | 31-Jul-13 | 31-Jul-13 | 31-Aug-13 | 30-Sep-13 | 30-Sep-13 | 31-Oct-13 | ' | ' | 31-Mar-13 | 30-Jun-13 | ' | 30-Sep-13 | 30-Sep-13 | ' | 31-Jul-13 | 31-Jul-13 | ' | 31-Jan-13 | 30-Jun-13 | 31-Oct-13 | ||||||||||||||||||||||
Debt maturity date | ' | 31-Jan-73 | 30-Jun-37 | 31-Dec-30 | 31-Mar-43 | ' | 30-Apr-26 | 30-Jun-18 | 30-Jun-41 | 31-Jul-43 | 31-Jul-16 | ' | 30-Sep-23 | 31-Mar-15 | 31-Oct-23 | ' | ' | 31-Mar-43 | 30-Jun-41 | ' | 30-Sep-23 | 31-Mar-15 | ' | 31-Jul-43 | 31-Jul-16 | ' | 31-Jan-73 | 30-Jun-18 | 31-Oct-23 | ||||||||||||||||||||||
Debt maturity date, start | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Aug-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||
Debt maturity date, end | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Aug-23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||
Debt issuances | $3,771 | $500 | [1] | $220 | [2] | $203 | [2],[3] | $500 | [4] | ' | $230 | [5] | $500 | [6] | $48 | [7] | $350 | [8] | $150 | [8],[9] | $220 | [10],[11] | $300 | [12] | $150 | [12],[13] | $400 | [14] | ' | $548 | $500 | [4] | $48 | [7] | $450 | $300 | [12] | $150 | [12],[13] | $500 | $350 | [8] | $150 | [8],[9] | $1,400 | $500 | [1] | $500 | [6] | $400 | [14] |
Interest rate | ' | 5.13% | 4.74% | 2.04% | 4.10% | ' | 5.46% | 2.10% | 4.00% | 4.90% | 0.62% | 11.00% | 3.80% | 0.40% | 3.95% | 7.10% | ' | 4.10% | 4.00% | ' | 3.80% | 0.40% | ' | 4.90% | 0.62% | ' | 5.13% | 2.10% | 3.95% | ||||||||||||||||||||||
Debt instrument, call date, earliest | ' | 31-Jan-18 | ' | ' | ' | ' | ' | ' | 30-Jun-23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Jun-23 | ' | ' | ' | ' | ' | ' | ' | 31-Jan-18 | ' | ' | ||||||||||||||||||||||
Payments for the redemption of debt | ' | ' | ' | ' | ' | 190 | ' | 250 | 48 | 400 | ' | 200 | 250 | ' | ' | 300 | ' | ' | 48 | ' | 250 | ' | ' | 400 | ' | ' | ' | 250 | ' | ||||||||||||||||||||||
Percentage of debt hedged by interest rate derivatives | ' | ' | ' | 95.00% | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||
Incremental debt proceeds | ' | ' | ' | ' | ' | ' | $40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||
Fixed credit spread | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.35% | ' | ' | 0.14% | ' | ' | ' | ' | ' | ' | ' | 0.14% | ' | ' | 0.35% | ' | ' | ' | ' | ||||||||||||||||||||||
[1] | Callable after January 2018 at par. Proceeds from the issuance were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS). The securities were redeemed at par plus accrued and unpaid distributions, payable upon presentation on the redemption date. The remaining net proceeds were used to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 11 for additional information about the QUIPS. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Represents the conversion of construction loans related to a renewable energy project issued in December 2012 to term loans. No cash proceeds were received in conjunction with the conversion. The term loans have varying maturity dates. The maturity date presented represents the latest date for all components of the respective loans. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Proceeds from the issuance were used to repay notes payable to affiliated companies as well as for general corporate purposes. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | Represents primarily the conversion of a $190 million bridge loan issued in conjunction with the acquisition of Ibener in December 2012. Duke Energy received incremental proceeds of $40 million upon conversion of the bridge loan. The debt is floating rate and is denominated in U.S. dollars. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 75 percent of the loan. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | Proceeds from the issuance were used to repay $250 million of current maturities. The remaining net proceeds were used for general corporate purposes, including the repayment of outstanding commercial paper. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | Callable after June 2023 at par. Proceeds from the issuance were used to redeem $48 million of First Mortgage Bonds with a higher interest rate. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Proceeds from the issuances were used to repay $400 million of current maturities. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[9] | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed spread of 35 basis points. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[10] | Proceeds from the issuance were used to repay $200 million of current maturities. The maturity date included above applies to half of the instrument. The remaining half matures in August 2018. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[11] | The debt is floating rate based on a consumer price index and an overnight funds rate in Brazil. The debt is denominated in Brazilian Real. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[12] | Proceeds from the issuances were used for general corporate purposes including the repayment of short-term notes payable, a portion of which was incurred to fund the retirement of $250 million of first mortgage bonds that matured in the first half of 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[13] | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[14] | Proceeds from the issuance were used to repay commercial paper as well as for general corporate purposes. |
Debt_and_Credit_Facilities_Ann
Debt and Credit Facilities (Annual Maturities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Other Debt Obligations [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Parent Company [Member] | Parent Company [Member] | PGN Parent [Member] | ||
5.750% Debt Maturing November 2013 | 6.300% Debt Maturing February 2014 | 3.950% Debt Maturing September 2014 | 6.050% Debt Maturing March 2014 | ||||||||||||||||
First Mortgage Bonds [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | ||||||||||||||||
Current Maturities Of Long Term Debt [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | $2,307 | $3,110 | $357 | $447 | $406 | $400 | $317 | $843 | $7 | $407 | $11 | $435 | $5 | $261 | $4 | $405 | $750 | $500 | $300 |
Interest rate | ' | ' | ' | ' | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.30% | 3.95% | 6.05% |
Maturity date | ' | ' | ' | ' | ' | 30-Nov-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28-Feb-14 | 30-Sep-14 | 31-Mar-14 |
Debt_and_Credit_Facilities_Sch
Debt and Credit Facilities (Schedule of Line of Credit Facilities) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | |
Line of Credit Facility [Line Items] | ' | |
Line of credit facility, affiliated borrower | 'The Duke Energy Registrants each have borrowing capacity under the master credit facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. | |
Maximum [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 6,000 | |
Minimum [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Line of credit facility, expiration date | 1-Nov-17 | |
Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 6,000 | [1] |
Available capacity | 4,717 | |
Notes payable and commercial paper | -979 | [2] |
Outstanding letters of credit | -64 | |
Tax exempt bonds | -240 | |
Duke Energy Carolinas [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 1,250 | [1] |
Available capacity | 871 | |
Notes payable and commercial paper | -300 | [2] |
Outstanding letters of credit | -4 | |
Tax exempt bonds | -75 | |
Duke Energy Progress [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 750 | [1] |
Available capacity | 504 | |
Notes payable and commercial paper | -244 | |
Outstanding letters of credit | -2 | |
Duke Energy Florida [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 750 | [1] |
Available capacity | 749 | |
Notes payable and commercial paper | 0 | |
Outstanding letters of credit | -1 | |
Duke Energy Ohio [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 750 | [1] |
Available capacity | 637 | |
Notes payable and commercial paper | -29 | |
Tax exempt bonds | -84 | |
Duke Energy Indiana [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 750 | [1] |
Available capacity | 519 | |
Notes payable and commercial paper | -150 | [2] |
Tax exempt bonds | -81 | |
Parent Company [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Facility size | 1,750 | [1] |
Available capacity | 1,437 | |
Notes payable and commercial paper | -256 | |
Outstanding letters of credit | -57 | |
Parent Company [Member] | Proceeds Loaned To Subsidiary Registrants [Member] | Revolving Credit Facility [Member] | ' | |
Line of Credit Facility [Line Items] | ' | |
Notes payable and commercial paper | -450 | |
[1] | Represents the sublimit of each borrower at September 30, 2013. | |
[2] | Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified as long-term borrowings within Long-term Debt in Duke Energy Carolinabs and Duke Energy Indianabs Condensed Consolidated Balance Sheets. |
Goodwill_Goodwill_By_Reportabl
Goodwill (Goodwill By Reportable Operating Segment) (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | |
Goodwill [Line Items] | ' | ' | |
Goodwill | $17,216 | $17,236 | |
Acquisitions | -1 | [1] | ' |
Accumulated impairment charges | -871 | -871 | |
Foreign exchange and other changes | -19 | ' | |
Goodwill as adjusted for accumulated impairment charges | 16,345 | 16,365 | |
USFE&G [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 15,950 | 15,950 | |
Acquisitions | 2 | [1] | ' |
Foreign exchange and other changes | -2 | ' | |
Goodwill as adjusted for accumulated impairment charges | 15,950 | 15,950 | |
Commercial Power [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 935 | 933 | |
Acquisitions | 2 | [1] | ' |
Accumulated impairment charges | -871 | -871 | |
Goodwill as adjusted for accumulated impairment charges | 64 | 62 | |
International [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 331 | 353 | |
Acquisitions | -5 | [1] | ' |
Foreign exchange and other changes | -17 | ' | |
Goodwill as adjusted for accumulated impairment charges | 331 | 353 | |
Progress Energy [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill as adjusted for accumulated impairment charges | 3,655 | 3,655 | |
Duke Energy Ohio [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 2,324 | 2,325 | |
Accumulated impairment charges | -1,404 | -1,404 | |
Foreign exchange and other changes | -1 | ' | |
Goodwill as adjusted for accumulated impairment charges | 920 | 921 | |
Duke Energy Ohio [Member] | Franchised Electric & Gas [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 1,136 | 1,137 | |
Accumulated impairment charges | -216 | -216 | |
Foreign exchange and other changes | -1 | ' | |
Goodwill as adjusted for accumulated impairment charges | 920 | 921 | |
Duke Energy Ohio [Member] | DEO Commercial Power [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 1,188 | 1,188 | |
Accumulated impairment charges | -1,188 | -1,188 | |
Goodwill as adjusted for accumulated impairment charges | $0 | $0 | |
[1] | Amounts represent purchase price adjustments related to the Progress Energy merger at USFE&G, a minor renewables acquisition at Commercial Power and the Chilean hydro acquisition at International Energy. See Note 2 for further information on purchase price adjustments related to the Progress Energy Merger. |
Risk_Management_Derivative_Ins2
Risk Management, Derivative Instruments and Hedging Activities (Narrative) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | $65 | $136 |
Amount expected to be recognized in earnings during the next 12 months | 1 | ' |
Undesignated commodity contracts latest expiration year | '2017 | ' |
Undesignated commodity contracts latest expiration year for terminated operations | '2021 | ' |
Duke Energy Carolinas [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | 22 | ' |
Progress Energy [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | 60 | 71 |
Amount expected to be recognized in earnings during the next 12 months | 5 | ' |
Duke Energy Progress [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | ' | 1 |
Duke Energy Florida [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | ' | $1 |
Risk_Management_Derivative_Ins3
Risk Management, Derivative Instruments and Hedging Activities (Notional Amounts of Derivative Instruments) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | ||
GWh | GWh | |||
dth | dth | |||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | $1,224 | $1,587 | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 63,264 | 52,104 | ||
Natural gas (millions of decatherms) | 536,000,000 | 528,000,000 | ||
Nondesignated [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | 34 | 290 | ||
Cash Flow Hedging [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | 1,190 | [1] | 1,047 | [1] |
Non-Recourse Debt | 602 | 620 | ||
Fair Value Hedging [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 250 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 1,305 | 2,028 | ||
Progress Energy [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 50 | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 925 | 1,850 | ||
Natural gas (millions of decatherms) | 336,000,000 | 348,000,000 | ||
Progress Energy [Member] | Nondesignated [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 50 | ||
Duke Energy Progress [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 50 | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 925 | 1,850 | ||
Natural gas (millions of decatherms) | 129,000,000 | 118,000,000 | ||
Duke Energy Progress [Member] | Nondesignated [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 50 | ||
Duke Energy Florida [Member] | ' | ' | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Natural gas (millions of decatherms) | 207,000,000 | 230,000,000 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | 27 | 277 | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 59,662 | [2] | 51,215 | [2] |
Natural gas (millions of decatherms) | 200,000,000 | 180,000,000 | ||
Duke Energy Ohio [Member] | Nondesignated [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | 27 | 27 | ||
Duke Energy Ohio [Member] | Fair Value Hedging [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 250 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | 200 | ||
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' | ||
Electricity-energy (Gigawatt-hours) | 702 | 97 | ||
Duke Energy Indiana [Member] | Nondesignated [Member] | ' | ' | ||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' | ||
Derivative, Notional Amount | ' | $200 | ||
[1] | Duke Energy includes amounts related to non-recourse variable rate long-term debt of VIEs of $602 million and $620 million at September 30, 2013, and at December 31, 2012, respectively. | |||
[2] | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy. |
Risk_Management_Derivative_Ins4
Risk Management, Derivative Instruments and Hedging Activities (Location and Fair Value Amounts of Derivatives Reflected in the Condensed Consolidated Balance Sheets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | $374 | $264 |
Location and fair value amounts of derivatives (Liability) | 720 | 917 |
Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 159 | 127 |
Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 175 | 96 |
Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 338 | 402 |
Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 265 | 295 |
Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 21 | 9 |
Location and fair value amounts of derivatives (Liability) | 67 | 119 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 21 | 7 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 52 | 81 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 14 | 35 |
Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 2 |
Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 353 | 255 |
Location and fair value amounts of derivatives (Liability) | 653 | 798 |
Nondesignated [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 76 |
Nondesignated [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 4 | 8 |
Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 46 | 41 |
Location and fair value amounts of derivatives (Liability) | 1 | 2 |
Nondesignated [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 167 | 106 |
Location and fair value amounts of derivatives (Liability) | 104 | 50 |
Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 136 | 106 |
Location and fair value amounts of derivatives (Liability) | 372 | 407 |
Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 4 | 2 |
Location and fair value amounts of derivatives (Liability) | 171 | 255 |
Duke Energy Carolinas [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 4 | 12 |
Duke Energy Carolinas [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 4 | 12 |
Duke Energy Carolinas [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 3 | 6 |
Duke Energy Carolinas [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 6 |
Progress Energy [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 11 |
Location and fair value amounts of derivatives (Liability) | 285 | 440 |
Progress Energy [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 3 |
Progress Energy [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 8 |
Progress Energy [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 159 | 244 |
Progress Energy [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 122 | 192 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 3 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 2 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 1 |
Progress Energy [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 11 |
Location and fair value amounts of derivatives (Liability) | 284 | 437 |
Progress Energy [Member] | Nondesignated [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 11 |
Progress Energy [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 3 |
Progress Energy [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 8 |
Progress Energy [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 159 | 231 |
Progress Energy [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 125 | 195 |
Duke Energy Progress [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Location and fair value amounts of derivatives (Liability) | 108 | 166 |
Duke Energy Progress [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 1 |
Duke Energy Progress [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 1 |
Duke Energy Progress [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 65 | 97 |
Duke Energy Progress [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 43 | 69 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 2 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Progress [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Location and fair value amounts of derivatives (Liability) | 108 | 164 |
Duke Energy Progress [Member] | Nondesignated [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 11 |
Duke Energy Progress [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 1 |
Duke Energy Progress [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 1 |
Duke Energy Progress [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 65 | 85 |
Duke Energy Progress [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 43 | 68 |
Duke Energy Florida [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 9 |
Location and fair value amounts of derivatives (Liability) | 173 | 270 |
Duke Energy Florida [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 2 |
Duke Energy Florida [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | 7 |
Duke Energy Florida [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 94 | 147 |
Duke Energy Florida [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 79 | 123 |
Duke Energy Florida [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Florida [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Florida [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 9 |
Location and fair value amounts of derivatives (Liability) | 173 | 269 |
Duke Energy Florida [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Duke Energy Florida [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 7 |
Duke Energy Florida [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 94 | 146 |
Duke Energy Florida [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 79 | 123 |
Duke Energy Ohio [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 314 | 220 |
Location and fair value amounts of derivatives (Liability) | 290 | 199 |
Duke Energy Ohio [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 155 | 137 |
Duke Energy Ohio [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 159 | 81 |
Duke Energy Ohio [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 165 | 136 |
Duke Energy Ohio [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 120 | 55 |
Duke Energy Ohio [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Duke Energy Ohio [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | ' | 2 |
Duke Energy Ohio [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 314 | 218 |
Location and fair value amounts of derivatives (Liability) | 290 | 199 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 1 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Interest Rate Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 4 | 7 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 21 | 31 |
Location and fair value amounts of derivatives (Liability) | 6 | 4 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 158 | 81 |
Location and fair value amounts of derivatives (Liability) | 103 | 51 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 134 | 106 |
Location and fair value amounts of derivatives (Liability) | 160 | 132 |
Duke Energy Ohio [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 1 | ' |
Location and fair value amounts of derivatives (Liability) | 17 | 4 |
Duke Energy Indiana [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 14 | 10 |
Location and fair value amounts of derivatives (Liability) | ' | 63 |
Duke Energy Indiana [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 14 | ' |
Duke Energy Indiana [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 14 | 10 |
Location and fair value amounts of derivatives (Liability) | ' | 63 |
Duke Energy Indiana [Member] | Nondesignated [Member] | Interest Rate Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | ' | 63 |
Duke Energy Indiana [Member] | Nondesignated [Member] | Commodity Contracts [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | $14 | $10 |
Risk_Management_Derivative_Ins5
Risk Management, Derivative Instruments and Hedging Activities (Schedule of Offsetting Assets and Liabilities: Derivatives and Collateral Posted) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | $374 | $264 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 127 | [1] | 103 | [1] |
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 720 | 917 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 473 | [2] | 756 | [2] |
Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 159 | 127 | ||
Gross amounts offset | -142 | -114 | ||
Net amount subject to master netting | 17 | 13 | ||
Amounts not subject to master netting | 23 | 22 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 40 | [3] | 35 | [3] |
Other Noncurrent Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 175 | 96 | ||
Gross amounts offset | -108 | -54 | ||
Net amount subject to master netting | 67 | 42 | ||
Amounts not subject to master netting | 17 | 19 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 84 | [4] | 61 | [4] |
Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 338 | 402 | ||
Gross amounts offset | -168 | -151 | ||
Net amount subject to master netting | 170 | 251 | ||
Amounts not subject to master netting | 89 | 166 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 259 | [5] | 417 | [5] |
Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 265 | 295 | ||
Gross amounts offset | -122 | -90 | ||
Net amount subject to master netting | 143 | 205 | ||
Amounts not subject to master netting | 28 | 54 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 171 | [6] | 259 | [6] |
Duke Energy Carolinas [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 4 | 12 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 4 | [7] | 12 | [7] |
Duke Energy Carolinas [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Amounts not subject to master netting | 3 | 6 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 3 | [5] | 6 | [5] |
Duke Energy Carolinas [Member] | Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Amounts not subject to master netting | 1 | 6 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | [6] | 6 | [6] |
Progress Energy [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 3 | 11 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 11 | [8] | |
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 285 | 440 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 282 | [9] | 440 | [9] |
Progress Energy [Member] | Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 1 | 3 | ||
Gross amounts offset | -1 | ' | ||
Net amount subject to master netting | 0 | 3 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 0 | [3] | 3 | [3] |
Progress Energy [Member] | Other Noncurrent Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 2 | 8 | ||
Gross amounts offset | -1 | ' | ||
Net amount subject to master netting | 1 | 8 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | [4] | 8 | [4] |
Progress Energy [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 159 | 244 | ||
Gross amounts offset | -13 | -22 | ||
Net amount subject to master netting | 146 | 222 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 146 | [5] | 222 | [5] |
Progress Energy [Member] | Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 122 | 192 | ||
Gross amounts offset | -15 | -36 | ||
Net amount subject to master netting | 107 | 156 | ||
Amounts not subject to master netting | 4 | 4 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 111 | [6] | 160 | [6] |
Duke Energy Progress [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 1 | 2 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 2 | [8] | |
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 108 | 166 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 107 | [9] | 166 | [9] |
Duke Energy Progress [Member] | Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | ' | 1 | ||
Net amount subject to master netting | ' | 1 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 1 | [3] | |
Duke Energy Progress [Member] | Other Noncurrent Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 1 | 1 | ||
Net amount subject to master netting | 1 | 1 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | [4] | 1 | [4] |
Duke Energy Progress [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 65 | 97 | ||
Gross amounts offset | -3 | -2 | ||
Net amount subject to master netting | 62 | 95 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 62 | [5] | 95 | [5] |
Duke Energy Progress [Member] | Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 43 | 69 | ||
Gross amounts offset | -2 | -7 | ||
Net amount subject to master netting | 41 | 62 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 41 | [6] | 62 | [6] |
Duke Energy Florida [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 2 | 9 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 9 | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 173 | 270 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 171 | [10] | 270 | [10] |
Duke Energy Florida [Member] | Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 1 | 2 | ||
Gross amounts offset | -1 | ' | ||
Net amount subject to master netting | 0 | 2 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 0 | [11] | 2 | [11] |
Duke Energy Florida [Member] | Other Noncurrent Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 1 | 7 | ||
Gross amounts offset | -1 | ' | ||
Net amount subject to master netting | 0 | 7 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 0 | [12] | 7 | [12] |
Duke Energy Florida [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 94 | 147 | ||
Gross amounts offset | -10 | -20 | ||
Net amount subject to master netting | 84 | 127 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 84 | [13] | 127 | [13] |
Duke Energy Florida [Member] | Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 79 | 123 | ||
Gross amounts offset | -13 | -29 | ||
Net amount subject to master netting | 66 | 94 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 66 | [14] | 94 | [14] |
Duke Energy Ohio [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 314 | 220 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 70 | [15] | 59 | [15] |
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 290 | 199 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 46 | [9] | 38 | [9] |
Duke Energy Ohio [Member] | Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 155 | 137 | ||
Gross amounts offset | -141 | -110 | ||
Net amount subject to master netting | 14 | 27 | ||
Amounts not subject to master netting | ' | 2 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 14 | [3] | 29 | [3] |
Duke Energy Ohio [Member] | Other Noncurrent Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 159 | 81 | ||
Gross amounts offset | -105 | -51 | ||
Net amount subject to master netting | 54 | 30 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 54 | [4] | 30 | [4] |
Duke Energy Ohio [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 165 | 136 | ||
Gross amounts offset | -154 | -125 | ||
Net amount subject to master netting | 11 | 11 | ||
Amounts not subject to master netting | 1 | 1 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 12 | [5] | 12 | [5] |
Duke Energy Ohio [Member] | Other Noncurrent Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 120 | 55 | ||
Gross amounts offset | -105 | -51 | ||
Net amount subject to master netting | 15 | 4 | ||
Amounts not subject to master netting | 4 | 7 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 19 | [6] | 11 | [6] |
Duke Energy Indiana [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 14 | 10 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 14 | [16] | 10 | [16] |
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Gross amounts recognized | ' | 63 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 63 | [2] | |
Duke Energy Indiana [Member] | Other Current Assets [Member] | ' | ' | ||
Derivative Assets Subject to Master Netting | ' | ' | ||
Gross amounts recognized | 14 | ' | ||
Net amount subject to master netting | 14 | ' | ||
Amounts not subject to master netting | ' | 10 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | 14 | [3] | 10 | [3] |
Duke Energy Indiana [Member] | Other Current Liabilities [Member] | ' | ' | ||
Derivative Liabilities Subject to Master Netting | ' | ' | ||
Amounts not subject to master netting | ' | 63 | ||
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | $63 | [5] | |
[1] | Included in Other within Current Assets and Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | |||
[2] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | |||
[3] | Included in Other within Current Assets on the Condensed Consolidated Balance Sheet. | |||
[4] | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | |||
[5] | Included in Other within Current Liabilities on the Condensed Consolidated Balance Sheet. | |||
[6] | Included in Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | |||
[7] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | |||
[8] | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||
[9] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | |||
[10] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Balance Sheets | |||
[11] | Included in Other within Current Assets on the Condensed Balance Sheet. | |||
[12] | Included in Other within Investments and Other Assets on the Condensed Balance Sheet. | |||
[13] | Included in Other within Current Liabilities on the Condensed Balance Sheet. | |||
[14] | Included in Other within Deferred Credits and Other Liabilities on the Condensed Balance Sheet. | |||
[15] | Included in Other within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | |||
[16] | Included in Other within Current Assets on the Condensed Consolidated Balance Sheets. |
Risk_Management_Derivative_Ins6
Risk Management, Derivative Instruments and Hedging Activities (Cash Flow Hedges - Location and Amount of PreTax Recognized in Comprehensive Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | $379 | $401 | $1,127 | $857 |
Designated As Hedging Instrument [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | ' | -3 | 72 | -29 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | 2 | -2 | ' |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - interest rate contracts | ' | -4 | 71 | -30 |
Total pretax gains and (losses) reclassified from AOCI into earnings | ' | 2 | -2 | ' |
Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - commodity contracts | ' | 1 | 1 | 1 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - interest rate contracts | ' | ' | ' | 23 |
Total pretax gains and (losses) reclassified from AOCI into earnings | 82 | 95 | 255 | 285 |
Progress Energy [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | 162 | 182 | 520 | 560 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | ' | 1 | 1 | -10 |
Pretax gains and (losses) recognized in earnings on derivatives | -5 | -2 | -5 | -12 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - interest rate contracts | ' | ' | ' | -11 |
Total pretax gains and (losses) reclassified from AOCI into earnings | -5 | -2 | -5 | -12 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - commodity contracts | ' | 1 | 1 | 1 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | 52 | 52 | 147 | 156 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | ' | ' | ' | -7 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | ' | ' | -5 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - interest rate contracts | ' | ' | ' | -7 |
Total pretax gains and (losses) reclassified from AOCI into earnings | ' | ' | ' | -5 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | 46 | 62 | 138 | 194 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | 14 | 21 | 50 | 70 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Total pretax gains and (losses) reclassified from AOCI into earnings | $43 | $35 | $127 | $105 |
Risk_Management_Derivative_Ins7
Risk Management, Derivative Instruments and Hedging Activities (Undesignated Contracts - Location and Amount of PreTax Gains and (Losses) Recognized in Income or As Regulatory Assets or Liabilities) (Details) (Nondesignated [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | ($78) | ($190) | ($195) | ($154) |
Pretax gains (losses) recognized as regulatory assets or liabilities | -11 | 80 | 27 | 92 |
Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -29 | 61 | -34 | 61 |
Commodity Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 6 | 12 | 10 | 34 |
Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 3 | -22 | 10 | -22 |
Commodity Contracts [Member] | Revenue Non Regulated Electric Natural Gas And Other [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -7 | -28 | -15 | 8 |
Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -68 | -135 | -157 | -135 |
Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Non Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -2 | ' | -20 | ' |
Commodity Contracts [Member] | Other Income And Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | -1 | ' | -1 |
Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 12 | 7 | 51 | -3 |
Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -4 | -4 | -13 | -4 |
Progress Energy [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -69 | -148 | -160 | -408 |
Pretax gains (losses) recognized as regulatory assets or liabilities | -27 | 62 | -21 | -106 |
Progress Energy [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -31 | 60 | -34 | -108 |
Progress Energy [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 3 | -9 | 10 | -9 |
Progress Energy [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -68 | -135 | -157 | -395 |
Progress Energy [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 4 | 2 | 13 | 2 |
Progress Energy [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -4 | -4 | -13 | -4 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -24 | -47 | -52 | -112 |
Pretax gains (losses) recognized as regulatory assets or liabilities | -8 | 17 | -8 | -32 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -11 | 15 | -18 | -34 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 3 | -9 | 10 | -9 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -24 | -35 | -53 | -100 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 3 | 2 | 10 | 2 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -3 | -3 | -9 | -3 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -46 | -101 | -108 | -296 |
Pretax gains (losses) recognized as regulatory assets or liabilities | -18 | 45 | -13 | -74 |
Duke Energy Florida [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | -19 | 45 | -16 | -74 |
Duke Energy Florida [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -45 | -100 | -105 | -295 |
Duke Energy Florida [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 1 | ' | 3 | ' |
Duke Energy Florida [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -1 | -1 | -3 | -1 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | 3 | -42 | -29 | 32 |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | 3 | -1 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | ' | -2 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | ' | 1 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Revenue Non Regulated Electric Natural Gas And Other [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 5 | -42 | -8 | 33 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Non Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -2 | ' | -20 | ' |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | 3 | ' |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | ' | ' | -1 | -1 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings | ' | ' | 1 | 2 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 14 | 15 | 44 | 28 |
Duke Energy Indiana [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 2 | 11 | ' | ' |
Duke Energy Indiana [Member] | Commodity Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | 6 | 10 | 33 |
Duke Energy Indiana [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | ' | 1 | ' |
Duke Energy Indiana [Member] | Commodity Contracts [Member] | Fuel Used In Electric Generation And Purchased Power Regulated [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | ' | ' | 2 |
Duke Energy Indiana [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | $6 | $4 | $34 | ($5) |
Risk_Management_Derivative_Ins8
Risk Management, Derivative Instruments and Hedging Activities (Derivative Instruments That Contain Credit-Risk Related Contingent Features and Cash Collateral) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | $481 | $466 |
Collateral aready posted | 138 | 163 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered at the end of the reporting period | 200 | 230 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 40 | 73 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | 101 | 93 |
Progress Energy [Member] | ' | ' |
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 211 | 286 |
Collateral aready posted | 26 | 59 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered at the end of the reporting period | 185 | 227 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 26 | 58 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | ' | 1 |
Duke Energy Progress [Member] | ' | ' |
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 82 | 108 |
Collateral aready posted | 5 | 9 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered at the end of the reporting period | 77 | 99 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 5 | 9 |
Duke Energy Florida [Member] | ' | ' |
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 129 | 178 |
Collateral aready posted | 21 | 50 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered at the end of the reporting period | 108 | 128 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 21 | 49 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | ' | 1 |
Duke Energy Ohio [Member] | ' | ' |
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' |
Aggregate fair value amounts of derivative instruments in a net liability position | 268 | 176 |
Collateral aready posted | 106 | 104 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered at the end of the reporting period | 15 | 2 |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 13 | 15 |
Derivative, collateral, right to reclaim cash - not offset against net derivative | 92 | 92 |
Duke Energy Indiana [Member] | ' | ' |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' |
Derivative, collateral, right to reclaim cash - not offset against net derivative | $3 | ' |
Recovered_Sheet1
Fair Value Of Financial Assets and Liabilities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Auction Rate Securities [Abstract] | ' | ' | ' | ' |
Settlements | ($5) | ($10) | ($8) | ($73) |
Interest Rate Current [Member] | ' | ' | ' | ' |
Auction Rate Securities [Abstract] | ' | ' | ' | ' |
Level 3 ARS assumptions | 0.20% | ' | 0.20% | ' |
Auction Rate Securities [Member] | Discounted Cash Flow [Member] | Risk Adjusted Discount Rates [Member] | ' | ' | ' | ' |
Auction Rate Securities [Abstract] | ' | ' | ' | ' |
Level 3 ARS assumptions | 5.60% | ' | 5.60% | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Auction Rate Securities [Abstract] | ' | ' | ' | ' |
Settlements | ' | $2 | $8 | ($6) |
Recovered_Sheet2
Fair Value Of Financial Assets and Liabilities (Fair Value Measurement Amounts for Assets and Liabilities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 3 [Member] | Level 3 [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | NDTF [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | Other Classification [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments | ' | ' | ' | ' | ' | ' | ' | ' | $25 | [1] | $29 | [1] | $25 | [1] | $29 | [1] | $3,280 | $2,837 | $3,199 | $2,762 | $59 | $54 | $22 | $21 | $1,525 | $1,405 | $392 | $317 | $1,083 | $1,040 | $50 | $48 | $93 | [2] | $72 | [2] | $83 | [2] | $63 | [2] | $10 | [2] | $9 | [2] | $414 | [3] | $602 | [3] | $57 | [3] | $40 | [3] | $357 | [3] | $562 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | $3 | [4] | $3 | [4] | $3 | [4] | $3 | [4] | $1,790 | $1,592 | $1,715 | $1,523 | $53 | $48 | $22 | $21 | $883 | $762 | $220 | $155 | $613 | $559 | $50 | $48 | ' | ' | ' | ' | ' | ' | ' | $1,489 | $1,245 | $1,483 | $1,239 | $6 | $6 | $642 | $643 | $172 | $162 | $470 | $481 | $55 | [5] | $57 | [5] | $19 | [5] | $17 | [5] | $36 | [5] | $40 | [5] | ' | ' | ' | ' | ' | ' | ' | $985 | $811 | $985 | $811 | $440 | $448 | $112 | $119 | $328 | $329 | $2 | [5] | $3 | [5] | $2 | [5] | $3 | [5] | ' | ' | ' | ' | ' | ' | $505 | $435 | $499 | $429 | $6 | $6 | $202 | $194 | $60 | $43 | $142 | $151 | $39 | [6] | $43 | [6] | $2 | [6] | $3 | [6] | $37 | [6] | $40 | [6] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $60 | [1] | $49 | [1] | $60 | [1] | $49 | [1] | $28 | [1] | $29 | [1] | $28 | [1] | $29 | [1] | |||||||||||||||||||||||||||||||||||||||
Derivative assets | 127 | [2] | 103 | [2] | 32 | [2] | 18 | [2] | 22 | [2] | 22 | [2] | 73 | [2] | 63 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | [7] | ' | ' | ' | 11 | [7] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | [7] | ' | ' | ' | 2 | [7] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | ' | ' | ' | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70 | [8] | 59 | [8] | 49 | [8] | 48 | [8] | ' | 2 | [8] | 21 | [8] | 9 | [8] | 14 | [9] | 10 | [9] | ' | ' | ' | ' | 14 | [9] | 10 | [9] | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | 5,464 | 5,048 | 3,763 | 3,200 | 1,531 | 1,687 | 170 | 161 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,676 | 2,357 | 1,935 | 1,678 | 666 | 607 | 75 | 72 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,186 | 1,956 | 1,674 | 1,418 | 512 | 538 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,427 | 1,264 | 1,099 | 933 | 328 | 331 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 746 | 681 | 561 | 475 | 185 | 206 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102 | 88 | 60 | 49 | 28 | 29 | 14 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | -473 | [10] | -756 | [10] | -15 | [10] | -17 | [10] | -347 | [10] | -591 | [10] | -111 | [10] | -148 | [10] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | [11] | -12 | [11] | ' | ' | ' | ' | -4 | [11] | -12 | [11] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -282 | [12] | -440 | [12] | ' | ' | -282 | [12] | -402 | [12] | -38 | [12] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -107 | [12] | -166 | [12] | ' | ' | -107 | [12] | -128 | [12] | -38 | [12] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -171 | [13] | -270 | [13] | ' | ' | -171 | [13] | -270 | [13] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -46 | [12] | -38 | [12] | -14 | [12] | -15 | [12] | -5 | [12] | -8 | [12] | -27 | [12] | -15 | [12] | ' | -63 | [10] | ' | ' | ' | -63 | [10] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $4,991 | $4,292 | $3,748 | $3,183 | $1,184 | $1,096 | $59 | $13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,672 | $2,345 | $1,935 | $1,678 | $666 | $607 | $71 | $60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,904 | $1,516 | $1,674 | $1,418 | $230 | $136 | ($38) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,320 | $1,098 | $1,099 | $933 | $221 | $203 | ($38) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $575 | $411 | $561 | $475 | $14 | ($64) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $24 | $21 | $35 | $33 | ($5) | ($6) | ($6) | ($6) | $102 | $25 | $60 | $49 | $28 | ($34) | $14 | $10 | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Included in Other within Current Assets and Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Included in Other within Investments and Other Assets and Short-term Investments on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | Included in Other within Investments and Other Assets in the Condensed Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Included in Other within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[9] | Included in Other within Current Assets on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[10] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[11] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[12] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[13] | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Balance Sheets |
Fair_Value_Of_Financial_Assets2
Fair Value Of Financial Assets and Liabilities (Reconciliation of Assets and Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | |||||
Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Auction Rate Securities [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Available For Sale Ndtf Investments [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | Derivative [Member] | |||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | $10 | $86 | $13 | $85 | $26 | $29 | $71 | $41 | $71 | $64 | $69 | $53 | ($87) | ($19) | ($85) | ($39) | $70 | $70 | $60 | $65 | $12 | $3 | $3 | $3 | $6 | $71 | $64 | $69 | $53 | ' | ($12) | ' | ($4) | ($35) | ($30) | ($38) | ($24) | ($35) | ($28) | ($38) | ($24) | ($19) | ($2) | ($6) | ($3) | $18 | $22 | $10 | $4 |
Amounts acquired in Progress Energy merger | ' | -30 | ' | -30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -30 | ' | -30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue, regulated electric | 4 | 12 | 5 | 37 | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 12 | 5 | 37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | 2 | ' | 2 | ' | 2 | ' | 1 | ' | 1 | 3 | 11 | 5 | 35 |
Revenue, non-regulated electric, natural gas | 9 | -6 | -13 | -9 | ' | ' | ' | ' | ' | ' | ' | ' | 9 | -6 | -13 | -9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | -6 | -4 | -5 | ' | ' | ' | ' |
Gains on available for sale securities and other | 1 | ' | -1 | 9 | 1 | -1 | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases | 2 | 1 | 26 | 32 | ' | ' | ' | ' | 2 | 1 | 5 | 10 | ' | ' | 21 | 22 | 2 | 1 | 5 | 10 | ' | ' | ' | ' | ' | 2 | 1 | 5 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | 20 | ' |
Sales | -2 | ' | -5 | ' | ' | ' | ' | ' | -2 | ' | -5 | ' | ' | ' | ' | ' | -2 | ' | -5 | ' | ' | ' | ' | ' | ' | -2 | ' | -5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 |
Issuances | 4 | -24 | 9 | -24 | ' | ' | ' | ' | ' | ' | ' | ' | 4 | -24 | 9 | -24 | ' | -14 | ' | -14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14 | ' | -14 | ' | 2 | -16 | 10 | -16 | ' | -16 | 9 | -16 | ' | ' | ' | ' | ' | ' | ' | ' |
Settlements | -5 | -10 | -8 | -73 | -2 | -3 | -39 | ' | ' | ' | ' | ' | -3 | -10 | -5 | -34 | ' | 2 | 8 | -6 | -8 | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 8 | 2 | ' | ' | 4 | ' | 4 | 2 | 4 | ' | 4 | 2 | -1 | ' | 1 | -10 | -16 | -23 | -45 |
Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory asset or liability | 2 | 3 | -1 | 5 | ' | ' | ' | ' | 1 | 1 | 3 | 3 | 1 | 2 | -4 | 2 | 1 | 1 | 3 | 3 | ' | ' | ' | ' | ' | 1 | 1 | 3 | 3 | ' | ' | ' | ' | -1 | 4 | -6 | -2 | -1 | 2 | -5 | -2 | ' | ' | 3 | -2 | 3 | ' | 2 | 1 |
Transfers in and/or out of level 3 | 34 | ' | 34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34 | ' | 34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34 | ' | 34 | ' | 34 | ' | 34 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 59 | 32 | 59 | 32 | 25 | 25 | 41 | 41 | 72 | 66 | 72 | 66 | -38 | -75 | -38 | -75 | 71 | 60 | 71 | 60 | 6 | 3 | 3 | 3 | 6 | 72 | 66 | 72 | 66 | -12 | -4 | -12 | -4 | 0 | -36 | 0 | -36 | 0 | -36 | 0 | -36 | -6 | -8 | -6 | -8 | 14 | 17 | 14 | 17 |
Revenue, regulated electric | 3 | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | 5 | ' | ' | ' | -4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | ' | ' | ' | ' | 10 | ' | 1 | ' | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue, non regulated electric and other - non-regulated | -2 | ' | -26 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | -26 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | ' | -16 | 1 | ' | ' | ' | ' |
Total | $1 | ' | ($21) | $5 | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ($21) | $5 | ' | ' | ($4) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($4) | ' | ' | ' | ' | $10 | ' | $1 | ' | $10 | ' | ($3) | ' | ($16) | $1 | ' | ' | ' | ' |
Fair_Value_Of_Financial_Assets3
Fair Value Of Financial Assets and Liabilities (Quantitative Level 3 Fair Value Disclosure) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ($43) | ($53) |
Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | 10.36 | 9.99 |
Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | 3.47 | 2.33 |
FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -4 | -23 |
FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 48.34 | 48.69 |
FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 25.79 | 25.83 |
Financial Transmission Rights [Member] | RTO Market Pricing [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | 15 | 11 |
Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | 10.86 | 39.22 |
Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | -1.53 | 23.63 |
Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | 5 | -8 |
Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 54.19 | 77.96 |
Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 26.2 | 24.82 |
Commodity Capacity Contracts [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -3 | -3 |
Commodity Capacity Contracts [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per Mwd | ' | 105.36 |
Commodity Capacity Contracts [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per Mwd | 95.16 | 95.16 |
Commodity Capacity Option Contracts [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | 4 | 3 |
Commodity Capacity Option Contracts [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per Mwd | 100.8 | 77.96 |
Commodity Capacity Option Contracts [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per Mwd | 29.3 | 4.68 |
Derivative Financial Instruments Liabilities Reserves [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -12 | -12 |
Duke Energy Carolinas [Member] | FERC Mitigation Power Sale Agreements [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -4 | ' |
Duke Energy Carolinas [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ' | -12 |
Duke Energy Carolinas [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 48.34 | 48.69 |
Duke Energy Carolinas [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 25.79 | 25.83 |
Progress Energy [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ' | -27 |
Progress Energy [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | 4.45 |
Progress Energy [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | 4.07 |
Progress Energy [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ' | -11 |
Progress Energy [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | ' | 48.69 |
Progress Energy [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | ' | 25.83 |
Duke Energy Progress [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ' | -27 |
Duke Energy Progress [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | 4.45 |
Duke Energy Progress [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | 4.07 |
Duke Energy Progress [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | ' | -11 |
Duke Energy Progress [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | ' | 48.69 |
Duke Energy Progress [Member] | FERC Mitigation Power Sale Agreements [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | ' | 25.83 |
Duke Energy Ohio [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -9 | 5 |
Duke Energy Ohio [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | 4.55 | 4.51 |
Duke Energy Ohio [Member] | Commodity Natural Gas Hedges [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair Value Inputs Price Per MMBtu | 3.47 | 3.3 |
Duke Energy Ohio [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | 1 | 1 |
Duke Energy Ohio [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | 0.46 | 39.22 |
Duke Energy Ohio [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | -0.09 | 27.17 |
Duke Energy Ohio [Member] | Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | 13 | -1 |
Duke Energy Ohio [Member] | Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 54.19 | 57.5 |
Duke Energy Ohio [Member] | Commodity Power Contracts [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price per MWh | 26.2 | 25.9 |
Duke Energy Ohio [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | -11 | -11 |
Duke Energy Indiana [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Net derivative asset (liability) | $14 | $10 |
Duke Energy Indiana [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Maximum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | 10.86 | 35.43 |
Duke Energy Indiana [Member] | Financial Transmission Rights [Member] | RTO Market Pricing [Member] | Minimum [Member] | ' | ' |
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' |
Fair value inputs, price FTR | -1.53 | 23.63 |
Fair_Value_Of_Financial_Assets4
Fair Value Of Financial Assets and Liabilities (Additional Fair Value Disclosure) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | $42,142 | $44,001 | ||
Debt of variable interest entities | 1,265 | 852 | ||
Long-term debt | 39,709 | [1] | 39,461 | [1] |
Duke Energy Carolinas [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 9,445 | 10,096 | ||
Debt of variable interest entities | 300 | 300 | ||
Long-term debt | 8,739 | [2] | 8,741 | [2] |
Progress Energy [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 14,989 | 16,563 | ||
Long-term debt | 13,815 | 14,428 | ||
Duke Energy Progress [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 5,053 | 5,277 | ||
Long-term debt | 4,936 | 4,840 | ||
Duke Energy Florida [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 5,424 | 6,222 | ||
Long-term debt | 4,887 | 5,320 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 2,263 | 2,117 | ||
Long-term debt | 2,188 | 1,997 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Long-term debt, fair value | 4,143 | 4,268 | ||
Long-term debt | $3,798 | $3,702 | ||
[1] | Includes book value of Non-recourse long-term debt of variable interest entities of $1,265 million and $852 million September 30, 2013 and December 31, 2012, respectively. | |||
[2] | Includes book value of Non-recourse long-term debt of variable interest entities of $300 million at both September 30, 2013 and December 31, 2012, respectively. |
Investments_in_Debt_and_Equity2
Investments in Debt and Equity Securities (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule of Investments [Line Items] | ' | ' |
Short-term investments | $118 | $333 |
Trading Securities | $17 | $33 |
Investments_in_Debt_and_Equity3
Investments in Debt and Equity Securities (Available-For-Sale Investments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | $1,630 | ' | $1,216 | |||
Gross Unrealized Holding Losses | ' | ' | 50 | ' | 30 | |||
Estimated Fair Value | 5,323 | ' | 5,323 | ' | 4,932 | |||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' | ' | |||
Realized gains | 72 | 30 | 135 | 80 | ' | |||
Realized losses | 16 | 12 | 38 | 14 | ' | |||
Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1,605 | ' | 1,199 | |||
Gross Unrealized Holding Losses | ' | ' | 38 | ' | 23 | |||
Estimated Fair Value | 4,806 | ' | 4,806 | ' | 4,263 | |||
Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 25 | [1] | ' | 17 | [1] | |
Gross Unrealized Holding Losses | ' | ' | 12 | [1] | ' | 7 | [1] | |
Estimated Fair Value | 517 | [1] | ' | 517 | [1] | ' | 669 | [1] |
Cash and Cash Equivalents [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 111 | ' | 111 | ' | 105 | |||
Cash and Cash Equivalents [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 21 | ' | 21 | ' | 17 | |||
Equity Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1,560 | ' | 1,132 | |||
Gross Unrealized Holding Losses | ' | ' | 13 | ' | 19 | |||
Estimated Fair Value | 3,280 | ' | 3,280 | ' | 2,837 | |||
Equity Securities [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 22 | ' | 10 | |||
Estimated Fair Value | 83 | ' | 83 | ' | 63 | |||
Corporate Debt Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 9 | ' | 21 | |||
Gross Unrealized Holding Losses | ' | ' | 6 | ' | 1 | |||
Estimated Fair Value | 323 | ' | 323 | ' | 338 | |||
Corporate Debt Securities [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | ' | 2 | |||
Gross Unrealized Holding Losses | ' | ' | 2 | ' | ' | |||
Estimated Fair Value | 178 | ' | 178 | ' | 381 | |||
Municipal Bonds [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 5 | ' | 12 | |||
Gross Unrealized Holding Losses | ' | ' | 7 | ' | 1 | |||
Estimated Fair Value | 213 | ' | 213 | ' | 194 | |||
Municipal Bonds [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 2 | ' | 4 | |||
Gross Unrealized Holding Losses | ' | ' | 2 | ' | 1 | |||
Estimated Fair Value | 80 | ' | 80 | ' | 70 | |||
US Treasury and Government [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 14 | ' | 24 | |||
Gross Unrealized Holding Losses | ' | ' | 8 | ' | 1 | |||
Estimated Fair Value | 712 | ' | 712 | ' | 625 | |||
US Treasury and Government [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 38 | ' | 38 | ' | 23 | |||
Auction Rate Securities [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Losses | ' | ' | 7 | ' | 6 | |||
Estimated Fair Value | 25 | ' | 25 | ' | 29 | |||
Other Debt Obligations [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 17 | ' | 10 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | 1 | |||
Estimated Fair Value | 167 | ' | 167 | ' | 164 | |||
Other Debt Obligations [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 92 | ' | 92 | ' | 86 | |||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 854 | ' | 632 | |||
Gross Unrealized Holding Losses | ' | ' | 20 | ' | 9 | |||
Estimated Fair Value | 2,670 | ' | 2,670 | ' | 2,364 | |||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' | ' | |||
Realized gains | 49 | 19 | 95 | 65 | ' | |||
Realized losses | 1 | 5 | 11 | 7 | ' | |||
Duke Energy Carolinas [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 854 | ' | 632 | |||
Gross Unrealized Holding Losses | ' | ' | 19 | ' | 8 | |||
Estimated Fair Value | 2,667 | ' | 2,667 | ' | 2,361 | |||
Duke Energy Carolinas [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Losses | ' | ' | 1 | [2] | ' | 1 | [2] | |
Estimated Fair Value | 3 | [2] | ' | 3 | [2] | ' | 3 | [2] |
Duke Energy Carolinas [Member] | Cash and Cash Equivalents [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 46 | ' | 46 | ' | 40 | |||
Duke Energy Carolinas [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 828 | ' | 600 | |||
Gross Unrealized Holding Losses | ' | ' | 5 | ' | 5 | |||
Estimated Fair Value | 1,790 | ' | 1,790 | ' | 1,592 | |||
Duke Energy Carolinas [Member] | Corporate Debt Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 4 | ' | 11 | |||
Gross Unrealized Holding Losses | ' | ' | 5 | ' | 1 | |||
Estimated Fair Value | 236 | ' | 236 | ' | 250 | |||
Duke Energy Carolinas [Member] | Municipal Bonds [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 2 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 52 | ' | 52 | ' | 40 | |||
Duke Energy Carolinas [Member] | US Treasury and Government [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 5 | ' | 10 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | ' | |||
Estimated Fair Value | 396 | ' | 396 | ' | 304 | |||
Duke Energy Carolinas [Member] | Auction Rate Securities [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | 1 | |||
Estimated Fair Value | 3 | ' | 3 | ' | 3 | |||
Duke Energy Carolinas [Member] | Other Debt Obligations [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 17 | ' | 9 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | 2 | |||
Estimated Fair Value | 147 | ' | 147 | ' | 135 | |||
Progress Energy [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 752 | ' | 570 | |||
Gross Unrealized Holding Losses | ' | ' | 20 | ' | 15 | |||
Estimated Fair Value | 2,196 | ' | 2,196 | ' | 1,959 | |||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' | ' | |||
Realized gains | 22 | 8 | 37 | 23 | ' | |||
Realized losses | 11 | 6 | 20 | 12 | ' | |||
Progress Energy [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 751 | ' | 567 | |||
Gross Unrealized Holding Losses | ' | ' | 19 | ' | 15 | |||
Estimated Fair Value | 2,139 | ' | 2,139 | ' | 1,902 | |||
Progress Energy [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | [1] | ' | 3 | [1] | |
Gross Unrealized Holding Losses | ' | ' | 1 | [1] | ' | ' | ||
Estimated Fair Value | 57 | [1] | ' | 57 | [1] | ' | 57 | [1] |
Progress Energy [Member] | Cash and Cash Equivalents [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 65 | ' | 65 | ' | 65 | |||
Progress Energy [Member] | Cash and Cash Equivalents [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 21 | ' | 21 | ' | 17 | |||
Progress Energy [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 732 | ' | 532 | |||
Gross Unrealized Holding Losses | ' | ' | 8 | ' | 14 | |||
Estimated Fair Value | 1,490 | ' | 1,490 | ' | 1,245 | |||
Progress Energy [Member] | Corporate Debt Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 5 | ' | 9 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 87 | ' | 87 | ' | 89 | |||
Progress Energy [Member] | Municipal Bonds [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 5 | ' | 11 | |||
Gross Unrealized Holding Losses | ' | ' | 6 | ' | 1 | |||
Estimated Fair Value | 161 | ' | 161 | ' | 154 | |||
Progress Energy [Member] | Municipal Bonds [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | ' | 3 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 36 | ' | 36 | ' | 40 | |||
Progress Energy [Member] | US Treasury and Government [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 9 | ' | 14 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | ' | |||
Estimated Fair Value | 316 | ' | 316 | ' | 321 | |||
Progress Energy [Member] | Other Debt Obligations [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Estimated Fair Value | 20 | ' | 20 | ' | 28 | |||
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 487 | ' | 363 | |||
Gross Unrealized Holding Losses | ' | ' | 15 | ' | 11 | |||
Estimated Fair Value | 1,437 | ' | 1,437 | ' | 1,278 | |||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' | ' | |||
Realized gains | 7 | 4 | 15 | 14 | ' | |||
Realized losses | 2 | 2 | 6 | 5 | ' | |||
Duke Energy Progress [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 487 | ' | 363 | |||
Gross Unrealized Holding Losses | ' | ' | 15 | ' | 11 | |||
Estimated Fair Value | 1,435 | ' | 1,435 | ' | 1,275 | |||
Duke Energy Progress [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 2 | [1] | ' | 2 | [1] | ' | 3 | [1] |
Duke Energy Progress [Member] | Cash and Cash Equivalents [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 30 | ' | 30 | ' | 55 | |||
Duke Energy Progress [Member] | Cash and Cash Equivalents [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 2 | ' | 2 | ' | 3 | |||
Duke Energy Progress [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 472 | ' | 337 | |||
Gross Unrealized Holding Losses | ' | ' | 7 | ' | 11 | |||
Estimated Fair Value | 985 | ' | 985 | ' | 811 | |||
Duke Energy Progress [Member] | Corporate Debt Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 5 | ' | 8 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 83 | ' | 83 | ' | 78 | |||
Duke Energy Progress [Member] | Municipal Bonds [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 2 | ' | 4 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | ' | |||
Estimated Fair Value | 103 | ' | 103 | ' | 80 | |||
Duke Energy Progress [Member] | US Treasury and Government [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 8 | ' | 13 | |||
Gross Unrealized Holding Losses | ' | ' | 3 | ' | ' | |||
Estimated Fair Value | 225 | ' | 225 | ' | 241 | |||
Duke Energy Progress [Member] | Other Debt Obligations [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Estimated Fair Value | 9 | ' | 9 | ' | 10 | |||
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 265 | ' | 207 | |||
Gross Unrealized Holding Losses | ' | ' | 5 | ' | 4 | |||
Estimated Fair Value | 745 | ' | 745 | ' | 668 | |||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ' | ' | |||
Realized gains | 14 | 4 | 22 | 9 | ' | |||
Realized losses | 9 | 4 | 13 | 7 | ' | |||
Duke Energy Florida [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 264 | ' | 204 | |||
Gross Unrealized Holding Losses | ' | ' | 4 | ' | 4 | |||
Estimated Fair Value | 704 | ' | 704 | ' | 627 | |||
Duke Energy Florida [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | [3] | ' | 3 | [3] | |
Gross Unrealized Holding Losses | ' | ' | 1 | [3] | ' | ' | ||
Estimated Fair Value | 41 | [3] | ' | 41 | [3] | ' | 41 | [3] |
Duke Energy Florida [Member] | Cash and Cash Equivalents [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 35 | ' | 35 | ' | 10 | |||
Duke Energy Florida [Member] | Cash and Cash Equivalents [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Estimated Fair Value | 4 | ' | 4 | ' | 1 | |||
Duke Energy Florida [Member] | Equity Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 260 | ' | 194 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | 4 | |||
Estimated Fair Value | 505 | ' | 505 | ' | 434 | |||
Duke Energy Florida [Member] | Corporate Debt Securities [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Estimated Fair Value | 4 | ' | 4 | ' | 11 | |||
Duke Energy Florida [Member] | Municipal Bonds [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 3 | ' | 7 | |||
Gross Unrealized Holding Losses | ' | ' | 2 | ' | ' | |||
Estimated Fair Value | 58 | ' | 58 | ' | 74 | |||
Duke Energy Florida [Member] | Municipal Bonds [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | ' | 3 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 37 | ' | 37 | ' | 40 | |||
Duke Energy Florida [Member] | US Treasury and Government [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 1 | ' | 1 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 91 | ' | 91 | ' | 80 | |||
Duke Energy Florida [Member] | Other Debt Obligations [Member] | Ndtf [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Estimated Fair Value | 11 | ' | 11 | ' | 18 | |||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 19 | ' | 10 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | 88 | ' | 88 | ' | 78 | |||
Duke Energy Indiana [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 19 | [1] | ' | 10 | [1] | |
Gross Unrealized Holding Losses | ' | ' | 1 | [1] | ' | ' | ||
Estimated Fair Value | 88 | [1] | ' | 88 | [1] | ' | 78 | [1] |
Duke Energy Indiana [Member] | Equity Securities [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | 19 | ' | 9 | |||
Estimated Fair Value | 60 | ' | 60 | ' | 50 | |||
Duke Energy Indiana [Member] | Municipal Bonds [Member] | Other Classification [Member] | ' | ' | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | |||
Gross Unrealized Holding Gains | ' | ' | ' | ' | 1 | |||
Gross Unrealized Holding Losses | ' | ' | 1 | ' | ' | |||
Estimated Fair Value | $28 | ' | $28 | ' | $28 | |||
[1] | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||
[2] | These amounts are recorded in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. | |||||||
[3] | These amounts are recorded in Other within Investments and Other Assets on the Condensed Balance Sheets. |
Investments_in_Debt_and_Equity4
Investments in Debt and Equity Securities (Maturities) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Debt Instrument [Line Items] | ' |
1 year | $185 |
1 through 5 years | 394 |
6 to 10 years | 434 |
Thereafter | 790 |
Total | 1,803 |
Duke Energy Carolinas [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 23 |
1 through 5 years | 175 |
6 to 10 years | 223 |
Thereafter | 410 |
Total | 831 |
Progress Energy [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 14 |
1 through 5 years | 162 |
6 to 10 years | 150 |
Thereafter | 294 |
Total | 620 |
Duke Energy Progress [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 6 |
1 through 5 years | 125 |
6 to 10 years | 88 |
Thereafter | 201 |
Total | 420 |
Duke Energy Florida [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 8 |
1 through 5 years | 37 |
6 to 10 years | 62 |
Thereafter | 94 |
Total | 201 |
Duke Energy Indiana [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 2 |
1 through 5 years | 21 |
6 to 10 years | 4 |
Thereafter | 1 |
Total | $28 |
Variable_Interest_Entities_Nar
Variable Interest Entities (Narrative) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jan. 12, 2012 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Minimum [Member] | DukeNet And Alinda Capital Partners LLC Ownership In The New Joint Venture [Member] | Cinergy Receivables [Member] | Cinergy Receivables [Member] | Cinergy Receivables [Member] | Other VIEs [Member] | FPC Capital I Trust [Member] | Duke Energy Carolinas [Member] | Duke Energy Progress [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | |
Minimum [Member] | Maximum [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | DERF [Member] | Cinergy Receivables [Member] | Cinergy Receivables [Member] | |||||||||
Variable Interest Entity, Primary Beneficiary [Member] | |||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing limitation for CRC | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Equity Balance required by Cinergy Receivables | ' | ' | ' | $3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated retained interest limitation of the total proceeds | ' | ' | ' | ' | 10.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured credit facility of variable interest entities | ' | ' | ' | ' | ' | ' | ' | ' | 400 | ' | ' | ' | ' | ' | ' |
Fixed rate used when selling receivables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | 1.00% |
Equity ownership interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62.50% | ' |
Senior secured credit facility | ' | ' | 150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, expiration date | ' | 1-Nov-17 | ' | 1-Nov-13 | ' | ' | ' | ' | 1-Oct-16 | ' | ' | ' | ' | ' | ' |
Ownership interest in OVEC | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | $3,771 | ' | ' | ' | ' | ' | ' | $300 | ' | $548 | $450 | ' | $500 | ' | ' |
Variable_Interest_Entities_Con
Variable Interest Entities (Consolidated VIEs) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | |
In Millions, unless otherwise specified | |||||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents | $2,166 | $1,424 | $1,761 | $2,110 | |
Restricted receivables of VIEs | 1,258 | 1,201 | ' | ' | |
Other current assets | 2,191 | 2,425 | ' | ' | |
Intangibles, net | 351 | 372 | ' | ' | |
Restricted other assets of VIEs | 52 | 62 | ' | ' | |
Investments and other assets | 2,361 | 2,399 | ' | ' | |
Property, plant and equipment, cost | 1,679 | 1,558 | ' | ' | |
Accumulated depreciation and amortization | -33,136 | -31,969 | ' | ' | |
Other deferred debits | 178 | 178 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Accounts payable | 1,819 | 2,444 | ' | ' | |
Non-recourse notes payable | 325 | 312 | ' | ' | |
Current maturities of long-term debt | 2,307 | 3,110 | ' | ' | |
Other current liabilities | 2,330 | 2,511 | ' | ' | |
Non-recourse long-term debt | 1,265 | 852 | ' | ' | |
Deferred income taxes | 11,489 | 10,490 | ' | ' | |
Asset retirement obligation | 5,341 | 5,169 | ' | ' | |
Other liabilities | 1,789 | 2,221 | ' | ' | |
Noncontrolling interests | 72 | 78 | ' | ' | |
Cinergy Receivables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | 527 | 534 | ' | ' | |
Total assets | 527 | 534 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Non-recourse notes payable | 325 | 312 | ' | ' | |
Total liabilities | 325 | 312 | ' | ' | |
Net assets of consolidated VIEs | 202 | 222 | ' | ' | |
CinCap V [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | 17 | 15 | ' | ' | |
Other current assets | 5 | 4 | ' | ' | |
Restricted other assets of VIEs | 40 | 52 | ' | ' | |
Investments and other assets | 12 | 10 | ' | ' | |
Total assets | 74 | 81 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Current maturities of long-term debt | 14 | 13 | ' | ' | |
Other current liabilities | 5 | 4 | ' | ' | |
Non-recourse long-term debt | 37 | 48 | ' | ' | |
Other liabilities | 12 | 10 | ' | ' | |
Total liabilities | 68 | 75 | ' | ' | |
Net assets of consolidated VIEs | 6 | 6 | ' | ' | |
Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | 11 | 16 | ' | ' | |
Other current assets | 199 | 133 | ' | ' | |
Intangibles, net | 11 | 12 | ' | ' | |
Restricted other assets of VIEs | 12 | 2 | ' | ' | |
Investments and other assets | 4 | ' | ' | ' | |
Property, plant and equipment, cost | 1,663 | 1,543 | ' | ' | |
Accumulated depreciation and amortization | -146 | -98 | ' | ' | |
Other deferred debits | 34 | 40 | ' | ' | |
Total assets | 1,788 | 1,648 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Accounts payable | 3 | 1 | ' | ' | |
Taxes accrued | 12 | 62 | ' | ' | |
Current maturities of long-term debt | 62 | 459 | ' | ' | |
Other current liabilities | 26 | 25 | ' | ' | |
Non-recourse long-term debt | 928 | 504 | ' | ' | |
Deferred income taxes | 255 | 154 | ' | ' | |
Asset retirement obligation | 25 | 23 | ' | ' | |
Other liabilities | 102 | 39 | ' | ' | |
Total liabilities | 1,413 | 1,267 | ' | ' | |
Net assets of consolidated VIEs | 375 | 381 | ' | ' | |
Other VIEs [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | ' | -1 | ' | ' | |
Other current assets | 2 | 2 | ' | ' | |
Investments and other assets | 3 | 2 | ' | ' | |
Property, plant and equipment, cost | 16 | 15 | ' | ' | |
Accumulated depreciation and amortization | -5 | -5 | ' | ' | |
Total assets | 16 | 13 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Net assets of consolidated VIEs | 16 | 13 | ' | ' | |
Total Consolidated VIE [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | 1,258 | 1,201 | ' | ' | |
Other current assets | 206 | 139 | ' | ' | |
Intangibles, net | 11 | 12 | ' | ' | |
Restricted other assets of VIEs | 52 | 54 | ' | ' | |
Investments and other assets | 19 | 12 | ' | ' | |
Property, plant and equipment, cost | 1,679 | 1,558 | ' | ' | |
Accumulated depreciation and amortization | -151 | -103 | ' | ' | |
Other deferred debits | 34 | 40 | ' | ' | |
Total assets | 3,108 | 2,913 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Accounts payable | 3 | 1 | ' | ' | |
Non-recourse notes payable | 325 | 312 | ' | ' | |
Taxes accrued | 12 | 62 | ' | ' | |
Current maturities of long-term debt | 76 | 472 | ' | ' | |
Other current liabilities | 31 | 29 | ' | ' | |
Non-recourse long-term debt | 1,265 | 852 | ' | ' | |
Deferred income taxes | 255 | 154 | ' | ' | |
Asset retirement obligation | 25 | 23 | ' | ' | |
Other liabilities | 114 | 49 | ' | ' | |
Total liabilities | 2,106 | 1,954 | ' | ' | |
Net assets of consolidated VIEs | 1,002 | 959 | ' | ' | |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents | 25 | 19 | 314 | 289 | |
Restricted receivables of VIEs | 703 | 637 | ' | ' | |
Other current assets | 474 | 439 | ' | ' | |
Investments and other assets | 845 | 934 | ' | ' | |
Accumulated depreciation and amortization | -11,731 | -11,437 | ' | ' | |
Other deferred debits | 45 | 71 | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Accounts payable | 451 | 599 | ' | ' | |
Current maturities of long-term debt | 447 | 406 | ' | ' | |
Other current liabilities | 461 | 490 | ' | ' | |
Non-recourse long-term debt | 300 | 300 | ' | ' | |
Deferred income taxes | 5,537 | 5,181 | ' | ' | |
Asset retirement obligation | 2,053 | 1,959 | ' | ' | |
Other liabilities | 732 | 924 | ' | ' | |
Duke Energy Carolinas [Member] | DERF [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | |
Restricted receivables of VIEs | 703 | [1] | 637 | ' | ' |
Total assets | 703 | [1] | 637 | ' | ' |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | |
Non-recourse long-term debt | 300 | [1] | 300 | ' | ' |
Total liabilities | 300 | [1] | 300 | ' | ' |
Net assets of consolidated VIEs | $403 | [1] | $337 | ' | ' |
[1] | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. |
Variable_Interest_Entities_Sch
Variable Interest Entities (Schedule of Non-Consolidated VIEs) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | $511 | $483 | ||
Investments and other assets | 2,361 | 2,399 | ||
Intangibles | 351 | 372 | ||
Other current liabilities | 2,330 | 2,511 | ||
Deferred credits and other liabilities | 26,712 | 26,442 | ||
Long-term debt | 39,709 | [1] | 39,461 | [1] |
Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 290 | 292 | ||
Investments and other assets | 4 | 11 | ||
Intangibles | 100 | 104 | ||
Total assets | 394 | 407 | ||
Other current liabilities | 2 | 3 | ||
Deferred credits and other liabilities | 15 | 336 | ||
Total liabilities | 17 | 339 | ||
Net assets (liabilities) | 377 | 68 | ||
DukeNet [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 113 | 118 | ||
Total assets | 113 | 118 | ||
Net assets (liabilities) | 113 | 118 | ||
Renewables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 152 | 147 | ||
Total assets | 152 | 147 | ||
Net assets (liabilities) | 152 | 147 | ||
Other VIEs [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 25 | 27 | ||
Investments and other assets | 4 | 2 | ||
Intangibles | 100 | 104 | ||
Total assets | 129 | 133 | ||
Other current liabilities | 2 | 3 | ||
Deferred credits and other liabilities | 15 | 17 | ||
Total liabilities | 17 | 20 | ||
Net assets (liabilities) | 112 | 113 | ||
FPC Capital I Trust [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | ' | 9 | [2] | |
Total assets | ' | 9 | ||
Deferred credits and other liabilities | ' | 319 | [2] | |
Total liabilities | ' | 319 | ||
Net assets (liabilities) | ' | -310 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 845 | 934 | ||
Other current liabilities | 461 | 490 | ||
Deferred credits and other liabilities | 11,228 | 10,602 | ||
Long-term debt | 8,739 | [3] | 8,741 | [3] |
Progress Energy [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 531 | 530 | ||
Other current liabilities | 1,177 | 1,118 | ||
Deferred credits and other liabilities | 9,313 | 9,755 | ||
Long-term debt | 13,815 | 14,428 | ||
Progress Energy [Member] | FPC Capital I Trust [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | ' | 9 | ||
Deferred credits and other liabilities | ' | 274 | ||
Duke Energy Progress [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 297 | 251 | ||
Other current liabilities | 440 | 517 | ||
Deferred credits and other liabilities | 6,463 | 6,451 | ||
Long-term debt | 4,936 | 4,840 | ||
Duke Energy Florida [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 176 | 182 | ||
Other current liabilities | 667 | 534 | ||
Deferred credits and other liabilities | 3,843 | 3,934 | ||
Long-term debt | 4,887 | 5,320 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 98 | 75 | ||
Intangibles | 120 | 129 | ||
Other current liabilities | 114 | 126 | ||
Deferred credits and other liabilities | 2,545 | 2,473 | ||
Long-term debt | 2,188 | 1,997 | ||
Duke Energy Ohio [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Receivables | 75 | 97 | ||
Intangibles | 98 | 104 | ||
Total assets | 173 | 201 | ||
Net assets (liabilities) | 173 | 201 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 160 | 122 | ||
Intangibles | 33 | 41 | ||
Other current liabilities | 101 | 165 | ||
Deferred credits and other liabilities | 2,294 | 2,005 | ||
Long-term debt | 3,798 | 3,702 | ||
Duke Energy Indiana [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Receivables | 114 | 116 | ||
Total assets | 114 | 116 | ||
Net assets (liabilities) | $114 | $116 | ||
[1] | Includes book value of Non-recourse long-term debt of variable interest entities of $1,265 million and $852 million September 30, 2013 and December 31, 2012, respectively. | |||
[2] | The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy. | |||
[3] | Includes book value of Non-recourse long-term debt of variable interest entities of $300 million at both September 30, 2013 and December 31, 2012, respectively. |
Variable_Interest_Entities_Fai
Variable Interest Entities (Fair Value Assumptions)(Details) (Cinergy Receivables [Member]) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Anticipated credit loss ratio | 0.60% | 0.70% |
Discount rate | 1.20% | 1.20% |
Receivable turnover rate | 12.80% | 12.70% |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Anticipated credit loss ratio | 0.30% | 0.30% |
Discount rate | 1.20% | 1.20% |
Receivable turnover rate | 10.30% | 10.20% |
Variable_Interest_Entities_Rec
Variable Interest Entities (Receivables Sold)(Details) (Cinergy Receivables [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Receivables sold | $235 | $282 |
Less: retained interests | 75 | 97 |
Net receivables sold | 160 | 185 |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Receivables sold | 332 | 289 |
Less: retained interests | 114 | 116 |
Net receivables sold | $218 | $173 |
Variable_Interest_Entities_Sal
Variable Interest Entities (Sales and Cash Flows)(Details) (Cinergy Receivables [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' | ' |
Receivables sold | $514 | $518 | $1,664 | $1,618 |
Gain (loss) recognized on sale | -3 | -3 | -9 | -10 |
Cash proceeds from receivables sold | 518 | 531 | 1,674 | 1,651 |
Return received on retained interests | 1 | 1 | 4 | 4 |
Collection fees received | ' | ' | 1 | 1 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' | ' |
Receivables sold | 765 | 711 | 2,214 | 2,118 |
Gain (loss) recognized on sale | -2 | -3 | -8 | -9 |
Cash proceeds from receivables sold | 758 | 733 | 2,204 | 2,130 |
Return received on retained interests | 2 | 2 | 5 | 5 |
Collection fees received | ' | ' | $1 | $1 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Average shares, basic | 706 | 699 | 706 | 531 |
Average shares, diluted | 706 | 699 | 706 | 531 |
EPS, basic | $1.40 | $0.84 | $2.78 | $2.50 |
EPS, diluted | $1.40 | $0.84 | $2.78 | $2.50 |
Number of stock options and performance and unvested stock awards excluded from the dilutive securities calculation | ' | ' | 2 | 1 |
Income [Member] | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Income from continuing operations attributable to Duke Energy common stockholders, as adjusted for participating securities - basic and diluted | $989 | $589 | $1,959 | $1,326 |
Average Shares [Member] | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Average shares, basic and diluted | 706 | 699 | 706 | 531 |
EPS [Member] | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
EPS, basic and diluted | $1.40 | $0.84 | $2.78 | $2.50 |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | $17 | $32 | $63 | $51 |
Tax benefit associated with stock-based compensation expense | 6 | 13 | 24 | 20 |
Stock-based compensation costs capitalized | 1 | 0 | 3 | 1 |
Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | ' | ' | 2 | 2 |
Restricted Stock Units Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | 10 | 16 | 36 | 30 |
Performance Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Pretax stock-based compensation expense | $7 | $16 | $25 | $19 |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Contribution to Qualified Pension Plan [Abstract] | ' | ' | ' | ' |
Contribution to qualified pension plan | ' | ' | $27 | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Matching contribution percentage | ' | ' | 100.00% | ' |
Eligible pay percentage | ' | ' | 6.00% | ' |
Pretax employer matching contributions | 30 | 30 | 101 | 77 |
Fixed-income Assets [Member] | ' | ' | ' | ' |
Pension Plan Asset Allocation [Abstract] | ' | ' | ' | ' |
Actual asset allocation | 60.00% | ' | 60.00% | ' |
Return-seeking Assets [Member] | ' | ' | ' | ' |
Pension Plan Asset Allocation [Abstract] | ' | ' | ' | ' |
Actual asset allocation | 40.00% | ' | 40.00% | ' |
Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' |
Remeasurement [Abstract] | ' | ' | ' | ' |
Plan amendments | ' | ' | 551 | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | 10 | 8 | 34 | 28 |
Progress Energy [Member] | ' | ' | ' | ' |
Contribution to Qualified Pension Plan [Abstract] | ' | ' | ' | ' |
Contribution to qualified pension plan | ' | ' | 27 | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | 12 | 12 | 34 | 35 |
Progress Energy [Member] | Fixed-income Assets [Member] | ' | ' | ' | ' |
Pension Plan Asset Allocation [Abstract] | ' | ' | ' | ' |
Actual asset allocation | 55.00% | ' | 55.00% | ' |
Progress Energy [Member] | Return-seeking Assets [Member] | ' | ' | ' | ' |
Pension Plan Asset Allocation [Abstract] | ' | ' | ' | ' |
Actual asset allocation | 45.00% | ' | 45.00% | ' |
Progress Energy [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' |
Remeasurement [Abstract] | ' | ' | ' | ' |
Discount rate | 4.70% | ' | 4.70% | ' |
Health care cost trend rate assumed for next year | ' | ' | 8.50% | ' |
Rate to which the cost trend is assumed to decline (the ultimate trend rate) | ' | ' | 5.00% | ' |
Plan amendments | ' | ' | 551 | ' |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | 7 | 7 | 19 | 18 |
Duke Energy Progress [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' |
Remeasurement [Abstract] | ' | ' | ' | ' |
Plan amendments | ' | ' | 382 | ' |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Contribution to Qualified Pension Plan [Abstract] | ' | ' | ' | ' |
Contribution to qualified pension plan | ' | ' | 27 | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | 4 | 4 | 11 | 11 |
Duke Energy Florida [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' |
Remeasurement [Abstract] | ' | ' | ' | ' |
Plan amendments | ' | ' | 103 | ' |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | 0 | 1 | 2 | 3 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' | ' |
Pretax employer matching contributions | $2 | $2 | $5 | $5 |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components of Net Periodic Pension Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | $41 | $39 | $125 | $84 | ||||
Interest cost on benefit obligation | 80 | 94 | 240 | 214 | ||||
Expected return on plan assets | -137 | -142 | -411 | -330 | ||||
Amortization of actuarial loss (gain) | 61 | 47 | 183 | 96 | ||||
Amortization of prior service cost (credit) | -2 | 3 | -8 | 6 | ||||
Other | 2 | 2 | 5 | 4 | ||||
Net periodic costs | 45 | [1] | 43 | [1] | 134 | [2] | 74 | [2] |
Regulatory asset amortization | 3 | 3 | 9 | 10 | ||||
Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | ' | 2 | 1 | ||||
Interest cost on benefit obligation | 3 | 5 | 10 | 8 | ||||
Amortization of actuarial loss (gain) | 1 | 1 | 4 | 2 | ||||
Amortization of prior service cost (credit) | ' | ' | -1 | 1 | ||||
Net periodic costs | 5 | 6 | 15 | 12 | ||||
Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 7 | 7 | 21 | 10 | ||||
Interest cost on benefit obligation | 19 | 19 | 55 | 36 | ||||
Expected return on plan assets | -4 | -4 | -11 | -12 | ||||
Amortization of net transition liability | ' | 3 | ' | 7 | ||||
Amortization of actuarial loss (gain) | 13 | 8 | 39 | 5 | ||||
Amortization of prior service cost (credit) | -3 | -2 | -9 | -6 | ||||
Special termination charges | ' | 9 | ' | 9 | ||||
Net periodic costs | 32 | [3] | 40 | [3] | 95 | [4] | 49 | [4] |
Regulatory asset amortization | 2 | 3 | 6 | 7 | ||||
Duke Energy Carolinas [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 12 | 9 | 37 | 26 | ||||
Interest cost on benefit obligation | 20 | 23 | 60 | 68 | ||||
Expected return on plan assets | -37 | -36 | -111 | -109 | ||||
Amortization of actuarial loss (gain) | 15 | 11 | 45 | 34 | ||||
Amortization of prior service cost (credit) | -2 | ' | -5 | 1 | ||||
Other | 1 | ' | 2 | 1 | ||||
Net periodic costs | 9 | 7 | 28 | 21 | ||||
Duke Energy Carolinas [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Interest cost on benefit obligation | ' | ' | 1 | 1 | ||||
Net periodic costs | ' | ' | 1 | 1 | ||||
Duke Energy Carolinas [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | 1 | 2 | 2 | ||||
Interest cost on benefit obligation | 3 | 4 | 9 | 12 | ||||
Expected return on plan assets | -2 | -3 | -7 | -8 | ||||
Amortization of net transition liability | ' | 2 | ' | 5 | ||||
Amortization of actuarial loss (gain) | ' | 1 | 2 | 2 | ||||
Amortization of prior service cost (credit) | -2 | -2 | -6 | -4 | ||||
Special termination charges | ' | 1 | ' | 1 | ||||
Net periodic costs | 0 | 4 | 0 | 10 | ||||
Progress Energy [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 15 | 16 | 45 | 47 | ||||
Interest cost on benefit obligation | 29 | 32 | 87 | 95 | ||||
Expected return on plan assets | -50 | -48 | -149 | -141 | ||||
Amortization of actuarial loss (gain) | 26 | 24 | 76 | 69 | ||||
Amortization of prior service cost (credit) | -1 | 2 | -3 | 7 | ||||
Other | ' | 1 | 1 | 1 | ||||
Net periodic costs | 19 | 27 | 57 | 78 | ||||
Progress Energy [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | ' | 1 | 1 | ||||
Interest cost on benefit obligation | 1 | 2 | 5 | 6 | ||||
Amortization of actuarial loss (gain) | 1 | 1 | 3 | 3 | ||||
Amortization of prior service cost (credit) | ' | ' | -1 | ' | ||||
Net periodic costs | 3 | 3 | 8 | 10 | ||||
Progress Energy [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 6 | 5 | 17 | 12 | ||||
Interest cost on benefit obligation | 12 | 11 | 35 | 32 | ||||
Expected return on plan assets | ' | ' | ' | -1 | ||||
Amortization of net transition liability | ' | 1 | ' | 3 | ||||
Amortization of actuarial loss (gain) | 13 | 10 | 42 | 25 | ||||
Amortization of prior service cost (credit) | ' | ' | -1 | ' | ||||
Special termination charges | ' | 5 | ' | 5 | ||||
Net periodic costs | 31 | 32 | 93 | 76 | ||||
Duke Energy Progress [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 6 | 6 | 17 | 19 | ||||
Interest cost on benefit obligation | 13 | 15 | 38 | 43 | ||||
Expected return on plan assets | -24 | -25 | -71 | -72 | ||||
Amortization of actuarial loss (gain) | 11 | 9 | 34 | 28 | ||||
Amortization of prior service cost (credit) | -1 | 2 | -1 | 6 | ||||
Other | 1 | 1 | 1 | 1 | ||||
Net periodic costs | 6 | 8 | 18 | 25 | ||||
Duke Energy Progress [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | ' | 1 | 1 | ||||
Interest cost on benefit obligation | ' | 1 | 1 | 1 | ||||
Amortization of actuarial loss (gain) | 1 | ' | 1 | 1 | ||||
Net periodic costs | 2 | 1 | 3 | 3 | ||||
Duke Energy Progress [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 3 | 2 | 9 | 6 | ||||
Interest cost on benefit obligation | 7 | 6 | 19 | 17 | ||||
Amortization of actuarial loss (gain) | 8 | 6 | 26 | 14 | ||||
Amortization of prior service cost (credit) | ' | ' | -1 | ' | ||||
Special termination charges | ' | 2 | ' | 2 | ||||
Net periodic costs | 18 | 16 | 53 | 39 | ||||
Duke Energy Florida [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 8 | 8 | 23 | 22 | ||||
Interest cost on benefit obligation | 13 | 14 | 40 | 42 | ||||
Expected return on plan assets | -21 | -21 | -65 | -61 | ||||
Amortization of actuarial loss (gain) | 12 | 13 | 37 | 36 | ||||
Amortization of prior service cost (credit) | -1 | ' | -2 | ' | ||||
Net periodic costs | 11 | 14 | 33 | 39 | ||||
Duke Energy Florida [Member] | Non-Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Interest cost on benefit obligation | ' | 1 | 1 | 2 | ||||
Amortization of actuarial loss (gain) | 1 | ' | 1 | ' | ||||
Net periodic costs | 1 | 1 | 2 | 2 | ||||
Duke Energy Florida [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 2 | 2 | 6 | 5 | ||||
Interest cost on benefit obligation | 5 | 4 | 13 | 13 | ||||
Expected return on plan assets | ' | ' | ' | -1 | ||||
Amortization of net transition liability | ' | 1 | ' | 2 | ||||
Amortization of actuarial loss (gain) | 4 | 3 | 12 | 9 | ||||
Special termination charges | ' | 1 | ' | 1 | ||||
Net periodic costs | 11 | 11 | 31 | 29 | ||||
Duke Energy Ohio [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | 2 | 4 | 5 | ||||
Interest cost on benefit obligation | 5 | 7 | 16 | 23 | ||||
Expected return on plan assets | -7 | -11 | -22 | -33 | ||||
Amortization of actuarial loss (gain) | 3 | 2 | 9 | 7 | ||||
Net periodic costs | 2 | [5] | 0 | [5] | 7 | [6] | 2 | [6] |
Regulatory asset amortization | 1 | 2 | 4 | 5 | ||||
Duke Energy Ohio [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | ' | 1 | ' | 1 | ||||
Interest cost on benefit obligation | ' | 1 | 1 | 2 | ||||
Expected return on plan assets | ' | -1 | ' | -1 | ||||
Amortization of actuarial loss (gain) | ' | -1 | -1 | -2 | ||||
Net periodic costs | ' | 0 | 0 | [7] | 0 | [7] | ||
Regulatory asset amortization | ' | ' | 1 | 1 | ||||
Duke Energy Indiana [Member] | Qualified Pension Plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 2 | 2 | 8 | 7 | ||||
Interest cost on benefit obligation | 7 | 8 | 21 | 23 | ||||
Expected return on plan assets | -11 | -12 | -33 | -35 | ||||
Amortization of actuarial loss (gain) | 6 | 3 | 17 | 10 | ||||
Amortization of prior service cost (credit) | ' | 1 | ' | 2 | ||||
Other | 1 | ' | 1 | ' | ||||
Net periodic costs | 5 | 2 | 14 | 7 | ||||
Duke Energy Indiana [Member] | Other Post-Retirement Benefit plans [Member] | ' | ' | ' | ' | ||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ||||
Service cost | 1 | 1 | 1 | 1 | ||||
Interest cost on benefit obligation | 1 | 1 | 4 | 5 | ||||
Expected return on plan assets | -1 | ' | -1 | -1 | ||||
Amortization of actuarial loss (gain) | 1 | ' | 1 | -1 | ||||
Amortization of prior service cost (credit) | ' | ' | ' | 1 | ||||
Net periodic costs | $2 | $2 | $5 | $5 | ||||
[1] | Duke Energy amounts exclude $3 million for each of the three months ended September 30, 2013 and 2012, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[2] | Duke Energy amounts exclude $9 million and $10 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[3] | Duke Energy amounts exclude $2 million and $3 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[4] | Duke Energy amounts exclude $6 million and $7 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[5] | Duke Energy Ohio amounts exclude $1 million and $2 million for the three months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[6] | Duke Energy Ohio amounts exclude $4 million and $5 million for the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. | |||||||
[7] | Duke Energy Ohio amounts exclude $1 million for each of the nine months ended September 30, 2013 and 2012, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy. |
Severance_NarrativeDetails
Severance (Narrative)(Details) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended |
In Millions, unless otherwise specified | Nov. 30, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Oct. 31, 2012 |
2011 Severance Plan [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | Duke Energy Ohio [Member] | |
Employees | Crystal River Unit 3 2013 Severance Plan [Member] | Crystal River Unit 3 2013 Severance Plan [Member] | Duke Energy Ohio Union 2012 Severance Plan [Member] | |
Employees | Employees | |||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Number of employees that accepted the termination benefits | 1,100 | ' | ' | 75 |
Number of eligible employees | ' | ' | 600 | ' |
Deferred severance costs | ' | $26 | ' | ' |
Severance_Expense_Table_Detail
Severance Expense Table (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | $5 | $146 | $30 | $146 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | 0 | 48 | 7 | 48 |
Progress Energy [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | 4 | 66 | 17 | 66 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | 3 | 42 | 12 | 42 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | 1 | 24 | 5 | 24 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | 0 | 15 | 2 | 15 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Severance expense | $0 | $13 | $2 | $13 |
Severance_Rollforward_Details
Severance Rollforward (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | $135 | |
Provision/adjustments | 41 | [1] |
Cash reductions | -114 | |
Balance at September 30, 2013 | 62 | |
Duke Energy Carolinas [Member] | ' | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | 12 | |
Provision/adjustments | 2 | |
Cash reductions | -12 | |
Balance at September 30, 2013 | 2 | |
Progress Energy [Member] | ' | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | 43 | |
Provision/adjustments | 45 | [1] |
Cash reductions | -42 | |
Balance at September 30, 2013 | 46 | |
Duke Energy Progress [Member] | ' | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | 23 | |
Provision/adjustments | 7 | |
Cash reductions | -17 | |
Balance at September 30, 2013 | 13 | |
Duke Energy Florida [Member] | ' | |
Restructuring Reserve [Roll Forward] | ' | |
Balance at December 31, 2012 | 6 | |
Provision/adjustments | 30 | [1] |
Cash reductions | -13 | |
Balance at September 30, 2013 | $23 | |
[1] | Provision / Adjustments for Duke Energy, Progress Energy and Duke Energy Florida includes $26 million of severance costs deferred related to Crystal River Unit 3. |
Income_Taxes_Effective_Tax_Rat
Income Taxes (Effective Tax Rates) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 31.50% | 29.40% | 32.60% | 29.60% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | $170 | $178 | $461 | $325 |
State [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Net reduction in deferred tax liability | 145 | ' | 145 | ' |
State [Member] | Current [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Statutory tax rate | ' | ' | 6.90% | ' |
State [Member] | January 2014 [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Statutory tax rate | ' | ' | 6.00% | ' |
State [Member] | January 2015 [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Statutory tax rate | ' | ' | 5.00% | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 37.90% | 34.20% | 37.50% | 35.80% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | 46 | 47 | 124 | 125 |
Progress Energy [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 38.80% | 32.80% | 38.10% | 34.70% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | 89 | 95 | 230 | 241 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 35.70% | 31.90% | 37.30% | 31.60% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | 33 | 33 | 88 | 85 |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 40.00% | 35.90% | 40.00% | 36.90% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | 56 | 62 | 142 | 156 |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 42.90% | 45.20% | 40.40% | 38.90% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | 26 | 26 | 81 | 79 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' | ' |
Effective tax rate | 36.60% | 55.10% | 37.20% | 47.70% |
Excise Taxes [Abstract] | ' | ' | ' | ' |
Excise taxes | $9 | $9 | $26 | $25 |
Income_Taxes_Other_Disclosures
Income Taxes (Other Disclosures) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | $540 | |
Gross decreases-tax positions in prior periods | -230 | |
Settlements | -66 | |
Total changes | -296 | |
Unrecognized Tax Benefits - September 30 | 244 | [1] |
Duke Energy Carolinas [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 271 | |
Gross decreases-tax positions in prior periods | -96 | |
Settlements | -4 | |
Total changes | -100 | |
Unrecognized Tax Benefits - September 30 | 171 | [1] |
Progress Energy [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 131 | |
Gross decreases-tax positions in prior periods | -85 | |
Total changes | -85 | |
Unrecognized Tax Benefits - September 30 | 46 | [1] |
Duke Energy Progress [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 67 | |
Gross decreases-tax positions in prior periods | -45 | |
Total changes | -45 | |
Unrecognized Tax Benefits - September 30 | 22 | [1] |
Duke Energy Florida [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 44 | |
Gross decreases-tax positions in prior periods | -37 | |
Total changes | -37 | |
Unrecognized Tax Benefits - September 30 | 7 | [1] |
Duke Energy Ohio [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 36 | |
Gross decreases-tax positions in prior periods | -36 | |
Total changes | -36 | |
Unrecognized Tax Benefits - September 30 | 0 | [1] |
Duke Energy Indiana [Member] | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | |
Unrecognized Tax Benefits - January 1 | 32 | |
Gross decreases-tax positions in prior periods | -31 | |
Total changes | -31 | |
Unrecognized Tax Benefits - September 30 | $1 | [1] |
[1] | The Duke Energy Registrants do not anticipate a significant increase or decrease in unrecognized tax benefits in the next twelve months. |
Related_Party_Transactions_Oth
Related Party Transactions (Other Revenue and Expense) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Duke Energy Carolinas [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | $236 | [1] | $309 | [1] | $714 | [1] | $798 | [1] |
Duke Energy Carolinas [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 5 | [2] | 5 | [2] | 16 | [2] | 16 | [2] |
Duke Energy Carolinas [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 24 | [3] | 8 | [3] | 101 | [3] | 8 | [3] |
Related party transaction, expenses from transactions with related party | 39 | [3] | 37 | [3] | 71 | [3] | 37 | [3] |
Progress Energy [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 24 | [4] | 30 | [4] | 74 | [4] | 30 | [4] |
Related party transaction, expenses from transactions with related party | 54 | [1] | 31 | [1] | 327 | [1] | 31 | [1] |
Progress Energy [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 9 | [2] | 7 | [2] | 26 | [2] | 7 | [2] |
Progress Energy [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 39 | [3] | 37 | [3] | 71 | [3] | 37 | [3] |
Related party transaction, expenses from transactions with related party | 24 | [3] | 8 | [3] | 101 | [3] | 8 | [3] |
Duke Energy Progress [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 33 | [1] | 72 | [1] | 195 | [1] | 183 | [1] |
Duke Energy Progress [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 5 | [2] | 3 | [2] | 15 | [2] | 3 | [2] |
Duke Energy Progress [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | 39 | [3] | 37 | [3] | 71 | [3] | 37 | [3] |
Related party transaction, expenses from transactions with related party | 24 | [3] | 8 | [3] | 101 | [3] | 8 | [3] |
Duke Energy Florida [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 20 | [1] | 52 | [1] | 131 | [1] | 136 | [1] |
Duke Energy Florida [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 4 | [2] | 4 | [2] | 11 | [2] | 4 | [2] |
Duke Energy Ohio [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 89 | [1] | 103 | [1] | 261 | [1] | 279 | [1] |
Duke Energy Ohio [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 3 | [2] | 4 | [2] | 11 | [2] | 11 | [2] |
Duke Energy Ohio [Member] | MarkTo Market Of Commodity Contracts And Sales Of Power [Member] | DECAM [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, other revenues from transactions with related party | ' | ' | ' | 31 | ||||
Related party transaction, expenses from transactions with related party | ' | ' | 7 | ' | ||||
Duke Energy Indiana [Member] | Corporate Governance And Shared Service Expenses [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | 113 | [1] | 118 | [1] | 313 | [1] | 317 | [1] |
Duke Energy Indiana [Member] | Indemnification Coverages [Member] | ' | ' | ' | ' | ||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ||||
Related party transaction, expenses from transactions with related party | $5 | [2] | $2 | [2] | $10 | [2] | $6 | [2] |
[1] | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates. These entities are consolidated affiliates of Duke Energy and Progress Energy. Corporate governance and other shared services costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[2] | The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energybs wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[3] | Effective with the consummation of the merger between Duke Energy and Progress Energy, Duke Energy Carolinas and Duke Energy Progress began to participate in a JDA. The JDA allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income. | |||||||
[4] | Progress Energy charges a proportionate share of corporate governance and other costs to unconsolidated affiliates that are consolidated affiliates of Duke Energy. Corporate governance and other shared costs are primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges are recorded as an offset to Operation, maintenance and other in the Condensed Consolidated Statements of Operations and Comprehensive Income. |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | 0 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Debt instrument, face amount | ' | $3,771 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | 595 | ' | 382 |
Dividends to parent | ' | -500 | -250 | ' |
Progress Energy [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | 103 | ' | 0 |
Intercompany loan payable | ' | 1,195 | ' | 455 |
Duke Energy Progress [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Dividends to parent | ' | 0 | -310 | ' |
Intercompany loan payable | ' | 581 | ' | 364 |
Debt instrument, face amount | ' | 548 | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | 30 | ' | 207 |
Dividends to parent | ' | -225 | -170 | ' |
Duke Energy Ohio [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | 46 | ' | 1 |
Transfer of Vermillion Generating Station | 28 | ' | 28 | ' |
Intercompany loan payable | ' | 69 | ' | 245 |
Debt instrument, face amount | ' | 450 | ' | ' |
Duke Energy Ohio [Member] | DECAM [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | ' | 46 | ' |
Intercompany loan payable | ' | ' | ' | 79 |
Duke Energy Indiana [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Intercompany loan receivable | ' | 69 | ' | 0 |
Dividends to parent | ' | -125 | 0 | ' |
Transfer of Vermillion Generating Station | 26 | 0 | 26 | ' |
Intercompany loan payable | ' | 0 | ' | 81 |
Debt instrument, face amount | ' | $500 | ' | ' |