Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 25, 2014 | Jun. 30, 2013 | |
Document Information [Line Items] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Registrant Name | 'Duke Energy Corporation | ' | ' |
Entity Central Index Key | '0001326160 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 706,455,305 | ' |
Entity Public Float | ' | ' | $47,550,155,353 |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Duke Energy Carolinas, LLC | ' | ' |
Entity Central Index Key | '0000030371 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Progress Energy [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Progress Energy, Inc. | ' | ' |
Entity Central Index Key | '0001094093 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Duke Energy Progress, Inc. | ' | ' |
Entity Central Index Key | '0000017797 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Duke Energy Florida, Inc. | ' | ' |
Entity Central Index Key | '0000037637 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Duke Energy Ohio, Inc. | ' | ' |
Entity Central Index Key | '0000020290 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Duke Energy Indiana, Inc. | ' | ' |
Entity Central Index Key | '0000081020 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Regulated electric | $20,439 | $15,621 | $10,589 | ||
Non-regulated electric, natural gas, and other | 3,648 | 3,534 | 3,383 | ||
Regulated natural gas | 511 | 469 | 557 | ||
Total operating revenues | 24,598 | 19,624 | 14,529 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 7,108 | 5,582 | 3,309 | ||
Fuel used in electric generation and purchased power - non-regulated | 1,822 | 1,722 | 1,488 | ||
Cost of natural gas and coal sold | 254 | 264 | 348 | ||
Operation, maintenance and other | 5,910 | 5,006 | 3,770 | ||
Depreciation and amortization | 2,808 | 2,289 | 1,806 | ||
Property and other taxes | 1,299 | 985 | 704 | ||
Impairment charges | 399 | 666 | 335 | ||
Total operating expenses | 19,600 | 16,514 | 11,760 | ||
Gains (Losses) on Sales of Other Assets and Other, net | -16 | 16 | 8 | ||
Operating Income (Loss) | 4,982 | 3,126 | 2,777 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Equity in earnings of unconsolidated affiliates | 122 | 148 | 160 | ||
Impairments and gains on sales of unconsolidated affiliates | 100 | 22 | 11 | ||
Other income and expenses, net | 262 | 397 | 376 | ||
Total other income and expenses | 484 | 567 | 547 | ||
Interest Expense | 1,546 | 1,242 | 859 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 3,920 | 2,451 | 2,465 | ||
Income Tax Expense or Benefit from Continuing Operations | 1,261 | 705 | 752 | ||
Income (Loss) from Continuing Operations | 2,659 | 1,746 | 1,713 | ||
Income (Loss) From Discontinued Operations, net of tax | 17 | 36 | 1 | ||
Net Income (Loss) | 2,676 | 1,782 | 1,714 | ||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | 11 | 14 | 8 | ||
Net Income (Loss) Attributable to Duke Energy | 2,665 | 1,768 | 1,706 | ||
Net Income (Loss) Available to Parent | ' | 1,780 | [1] | ' | |
Net Income (Loss) | 2,676 | 1,782 | 1,714 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Pension and OPEB adjustments | 38 | 19 | -49 | ||
Net unrealized gain (loss) on cash flow hedges | 59 | -28 | -57 | ||
Reclassification into earnings from cash flow hedges | -1 | 1 | -4 | ||
Unrealized gain (loss) on investments in available for sale securities | -4 | 14 | 12 | ||
Other comprehensive income (loss), net of tax | -99 | -76 | -243 | ||
Comprehensive Income (Loss) | 2,577 | 1,706 | 1,471 | ||
Less: Comprehensive Income Attributable to Noncontrolling Interests | 5 | 10 | 1 | ||
Comprehensive income (loss) | 2,572 | 1,696 | 1,470 | ||
Income From Continuing Operations Attributable To Parent Common Shareholders [Abstract] | ' | ' | ' | ||
Basic | $3.74 | $3.01 | $3.83 | ||
Diluted | $3.74 | $3.01 | $3.83 | ||
Income (loss) from discontinued operations attributable To Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ||
Basic | $0.03 | $0.06 | ' | ||
Diluted | $0.02 | $0.06 | ' | ||
Net income attributable to Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ||
Basic | $3.77 | $3.07 | $3.83 | ||
Diluted | $3.76 | $3.07 | $3.83 | ||
Dividends declared per share | $3.09 | $3.03 | $2.97 | ||
Weighted-average shares outstanding [Abstract] | ' | ' | ' | ||
Basic | 706 | 574 | 444 | ||
Diluted | 706 | 575 | 444 | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Total operating revenues | 6,954 | 6,665 | 6,493 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 1,982 | 1,864 | 1,944 | ||
Operation, maintenance and other | 1,868 | 1,979 | 1,904 | ||
Depreciation and amortization | 921 | 921 | 814 | ||
Property and other taxes | 374 | 365 | 340 | ||
Impairment charges | ' | 31 | 12 | ||
Total operating expenses | 5,145 | 5,160 | 5,014 | ||
Gains (Losses) on Sales of Other Assets and Other, net | ' | 12 | 1 | ||
Operating Income (Loss) | 1,809 | 1,517 | 1,480 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 120 | 185 | 186 | ||
Interest Expense | 359 | 384 | 360 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 1,570 | 1,318 | 1,306 | ||
Income Tax Expense or Benefit from Continuing Operations | 594 | 453 | 472 | ||
Net Income (Loss) | 976 | 865 | 834 | ||
Net Income (Loss) | 976 | 865 | 834 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Reclassification into earnings from cash flow hedges | 1 | 2 | 3 | ||
Unrealized gain (loss) on investments in available for sale securities | ' | 1 | ' | ||
Other comprehensive income (loss), net of tax | 1 | 3 | 3 | ||
Comprehensive income (loss) | 977 | 868 | 837 | ||
Progress Energy [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Total operating revenues | 9,533 | 9,405 | 8,948 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 3,851 | 4,304 | 4,043 | ||
Operation, maintenance and other | 2,247 | 2,445 | 2,060 | ||
Depreciation and amortization | 883 | 747 | 701 | ||
Property and other taxes | 557 | 570 | 562 | ||
Impairment charges | 380 | 200 | 3 | ||
Total operating expenses | 7,918 | 8,266 | 7,369 | ||
Gains (Losses) on Sales of Other Assets and Other, net | 3 | -2 | 4 | ||
Operating Income (Loss) | 1,618 | 1,137 | 1,583 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 94 | 130 | 52 | ||
Interest Expense | 680 | 740 | 725 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 1,032 | 527 | 910 | ||
Income Tax Expense or Benefit from Continuing Operations | 373 | 172 | 323 | ||
Income (Loss) from Continuing Operations | 659 | 355 | 587 | ||
Income (Loss) From Discontinued Operations, net of tax | 16 | 52 | -5 | ||
Net Income (Loss) | 675 | 407 | 582 | ||
Less: Net Income (Loss) Attributable to Noncontrolling Interests | 3 | 7 | 7 | ||
Net Income (Loss) Attributable to Duke Energy | 672 | 400 | 575 | ||
Net Income (Loss) | 675 | 407 | 582 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Pension and OPEB adjustments | 9 | -2 | 39 | [2] | |
Net unrealized gain (loss) on cash flow hedges | 0 | -5 | -87 | [3] | |
Reclassification into earnings from cash flow hedges | -1 | 8 | [4] | 8 | [4] |
Reclassification of cash flow hedges to regulatory assets | 0 | 97 | [5] | 0 | |
Other comprehensive income (loss), net of tax | 8 | 98 | -40 | ||
Comprehensive Income (Loss) | 683 | 505 | 542 | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Total operating revenues | 4,992 | 4,706 | 4,547 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 1,925 | 1,895 | 1,755 | ||
Operation, maintenance and other | 1,357 | 1,494 | 1,191 | ||
Depreciation and amortization | 534 | 535 | 514 | ||
Property and other taxes | 223 | 219 | 211 | ||
Impairment charges | 22 | 54 | 3 | ||
Total operating expenses | 4,061 | 4,197 | 3,674 | ||
Gains (Losses) on Sales of Other Assets and Other, net | 1 | 1 | 3 | ||
Operating Income (Loss) | 932 | 510 | 876 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 57 | 79 | 80 | ||
Interest Expense | 201 | 207 | 184 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 788 | 382 | 772 | ||
Income Tax Expense or Benefit from Continuing Operations | 288 | 110 | 256 | ||
Net Income (Loss) | 500 | 272 | 516 | ||
Less: Preferred Stock Dividend Requirement | 0 | 3 | 3 | ||
Net Income (Loss) Available to Parent | 500 | 269 | 513 | ||
Net Income (Loss) | 500 | 272 | 516 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Net unrealized gain (loss) on cash flow hedges | 0 | -4 | -43 | [6] | |
Reclassification into earnings from cash flow hedges | 0 | 4 | 5 | ||
Reclassification of cash flow hedges to regulatory assets | 0 | 71 | [7] | 0 | |
Other comprehensive income (loss), net of tax | 0 | 71 | -38 | ||
Comprehensive income (loss) | 500 | 343 | 478 | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Total operating revenues | 4,527 | 4,689 | 4,392 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 1,927 | 2,409 | 2,288 | ||
Operation, maintenance and other | 898 | 969 | 883 | ||
Depreciation and amortization | 330 | 192 | 169 | ||
Property and other taxes | 327 | 346 | 351 | ||
Impairment charges | 358 | 146 | 0 | ||
Total operating expenses | 3,840 | 4,062 | 3,691 | ||
Gains (Losses) on Sales of Other Assets and Other, net | 1 | 2 | 2 | ||
Operating Income (Loss) | 688 | 629 | 703 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 30 | 39 | 30 | ||
Interest Expense | 180 | 255 | 239 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 538 | 413 | 494 | ||
Income Tax Expense or Benefit from Continuing Operations | 213 | 147 | 180 | ||
Net Income (Loss) | 325 | 266 | 314 | ||
Less: Preferred Stock Dividend Requirement | 0 | 2 | 2 | ||
Net Income (Loss) Available to Parent | 325 | 264 | 312 | ||
Net Income (Loss) | 325 | 266 | 314 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Net unrealized gain (loss) on cash flow hedges | -1 | 0 | -23 | [8] | |
Reclassification into earnings from cash flow hedges | 0 | 1 | 0 | ||
Reclassification of cash flow hedges to regulatory assets | 0 | 26 | [9] | 0 | |
Other comprehensive income (loss), net of tax | -1 | 27 | -23 | ||
Comprehensive income (loss) | 324 | 293 | 291 | ||
Duke Energy Ohio [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Regulated electric | 1,368 | 1,386 | 1,518 | ||
Non-regulated electric, natural gas, and other | 1,364 | 1,295 | 1,105 | ||
Regulated natural gas | 513 | 471 | 558 | ||
Total operating revenues | 3,245 | 3,152 | 3,181 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 429 | 475 | 380 | ||
Fuel used in electric generation and purchased power - non-regulated | 1,020 | 832 | 653 | ||
Cost of natural gas and coal sold | 152 | 142 | 209 | ||
Operation, maintenance and other | 774 | 797 | 885 | ||
Depreciation and amortization | 354 | 338 | 335 | ||
Property and other taxes | 265 | 224 | 260 | ||
Impairment charges | 5 | 2 | 89 | ||
Total operating expenses | 2,999 | 2,810 | 2,811 | ||
Gains (Losses) on Sales of Other Assets and Other, net | 5 | 7 | 5 | ||
Operating Income (Loss) | 251 | 349 | 375 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 4 | 13 | 19 | ||
Interest Expense | 78 | 89 | 104 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 177 | 273 | 290 | ||
Income Tax Expense or Benefit from Continuing Operations | 75 | 98 | 96 | ||
Net Income (Loss) | 102 | 175 | 194 | ||
Net Income (Loss) | 102 | 175 | 194 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Pension and OPEB adjustments | 1 | 27 | [10] | -6 | |
Other comprehensive income (loss), net of tax | 1 | 27 | -6 | ||
Comprehensive income (loss) | 103 | 202 | 188 | ||
Duke Energy Indiana [Member] | ' | ' | ' | ||
Operating Revenues [Abstract] | ' | ' | ' | ||
Total operating revenues | 2,926 | 2,717 | 2,622 | ||
Operating Expenses [Abstract] | ' | ' | ' | ||
Fuel used in electric generation and purchased power - regulated | 1,131 | 1,088 | 986 | ||
Operation, maintenance and other | 649 | 655 | 647 | ||
Depreciation and amortization | 342 | 389 | 391 | ||
Property and other taxes | 71 | 81 | 82 | ||
Impairment charges | ' | 579 | 234 | ||
Total operating expenses | 2,193 | 2,792 | 2,340 | ||
Operating Income (Loss) | 733 | -75 | 282 | ||
Other Income and Expenses [Abstract] | ' | ' | ' | ||
Other income and expenses, net | 18 | 90 | 97 | ||
Interest Expense | 170 | 138 | 137 | ||
Income (Loss) From Continuing Operations Before Income Taxes | 581 | -123 | 242 | ||
Income Tax Expense or Benefit from Continuing Operations | 223 | -73 | 74 | ||
Net Income (Loss) | 358 | -50 | 168 | ||
Net Income (Loss) | 358 | -50 | 168 | ||
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' | ||
Reclassification into earnings from cash flow hedges | -2 | -2 | -1 | ||
Other comprehensive income (loss), net of tax | -2 | -2 | -1 | ||
Comprehensive income (loss) | $356 | ($52) | $167 | ||
[1] | For the year ended December 31, 2012, consolidated net income of $1,782 million includes $2 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] | Net of $27 million tax expense in 2011. | ||||
[3] | Net of $56 million tax benefit in 2011. | ||||
[4] | Net of $6 million tax expense in 2012 and $5 million tax expense in 2011. | ||||
[5] | Net of $62 million tax expense in 2012. | ||||
[6] | Net of $28 million tax benefit in 2011. | ||||
[7] | Net of $46 million tax expense in 2012. | ||||
[8] | Net of $15 million tax benefit in 2011. | ||||
[9] | Net of $16 million tax expense in 2012. | ||||
[10] | Net of $8 million tax expense in 2012. |
Consolidated_Statement_of_Oper
Consolidated Statement of Operations (Parenthetical) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Pension and OPEB adjustments to AOCI, tax | $9 | ($23) |
Net unrealized gains (losses) on cash flow hedges, tax | 6 | -31 |
Progress Energy [Member] | ' | ' |
Pension and OPEB adjustments to AOCI, tax | ' | 27 |
Net unrealized gains (losses) on cash flow hedges, tax | ' | -56 |
Reclassification into earnings from cash flow hedges, tax | 6 | 5 |
Reclassification of cash flow hedges to regulatory assets, tax | 62 | ' |
Duke Energy Progress [Member] | ' | ' |
Net unrealized gains (losses) on cash flow hedges, tax | ' | -28 |
Reclassification of cash flow hedges to regulatory assets, tax | 46 | ' |
Duke Energy Florida [Member] | ' | ' |
Net unrealized gains (losses) on cash flow hedges, tax | ' | -15 |
Reclassification of cash flow hedges to regulatory assets, tax | 16 | ' |
Duke Energy Ohio [Member] | ' | ' |
Pension and OPEB adjustments to AOCI, tax | ($8) | ' |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income (loss) | $2,676 | $1,782 | $1,714 |
Other Comprehensive Income(Loss), Net of Tax [Abstract] | ' | ' | ' |
Foreign currency translation adjustments | -197 | -75 | -149 |
Pension and OPEB adjustments | 38 | 19 | -49 |
Net unrealized gain (loss) on cash flow hedges | 59 | -28 | -57 |
Reclassification into earnings from cash flow hedges | 1 | -1 | 4 |
Unrealized gain (loss) on investments in available for sale securities | -4 | 14 | 12 |
Reclassification into earnings from available for sale securities | 4 | -5 | -4 |
Other Comprehensive Income (Loss), Net of Tax | -99 | -76 | -243 |
Comprehensive Income | 2,577 | 1,706 | 1,471 |
Less: Comprehensive Income Attributable to Noncontrolling Interests | 5 | 10 | 1 |
Comprehensive Income Attributable to Duke Energy Corporation | $2,572 | $1,696 | $1,470 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthethical) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension and OPEB adjustments to AOCI, tax | $17 | $9 | ($23) |
Net unrealized gains (losses) on cash flow hedges, tax | $20 | $6 | ($31) |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | $1,501 | $1,424 | ||
Short Term Investments | 44 | 333 | ||
Receivables (net of allowance for doubtful accounts) | 1,286 | 1,516 | ||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 1,719 | 1,201 | ||
Inventory | 3,250 | 3,223 | ||
Regulatory assets, current | 895 | 737 | ||
Other | 1,821 | 1,688 | ||
Total current assets | 10,516 | 10,122 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 390 | 483 | ||
Nuclear decommissioning trust funds | 5,132 | 4,242 | ||
Goodwill | 16,340 | 16,365 | ||
Other | 3,539 | 2,904 | ||
Total investments and other assets | 25,401 | 23,994 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 103,115 | [1],[2] | 100,391 | [3],[4] |
Accumulated depreciation and amortization | -33,625 | -31,969 | ||
Generation facilities to be retired, net | 0 | 136 | ||
Net property, plant and equipment | 69,490 | 68,558 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 9,191 | 11,004 | ||
Other | 181 | 178 | ||
Total regulatory assets and deferred debits | 9,372 | 11,182 | ||
Total Assets | 114,779 | 113,856 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 2,391 | 2,444 | ||
Notes payable and commercial paper | 839 | 1,057 | ||
Taxes accrued | 551 | 459 | ||
Interest accrued | 440 | 448 | ||
Current maturities of long-term debt | 2,104 | 3,110 | ||
Regulatory liabilities, current | 316 | 156 | ||
Other | 2,003 | 2,355 | ||
Total current liabilities | 8,644 | 10,029 | ||
Long-term debt | 38,152 | 36,351 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 12,097 | 10,490 | ||
Investment tax credits | 442 | 458 | ||
Accrued pension and other post-retirement benefit costs | 1,322 | 2,520 | ||
Asset retirement obligations | 4,950 | 5,169 | ||
Regulatory liabilities - noncurrent | 5,949 | 5,584 | ||
Other | 1,815 | 2,221 | ||
Total deferred credits and other liabilities | 26,575 | 26,442 | ||
Commitments and Contingencies | ' | ' | ||
Preferred Stock of Subsidiaries | 0 | 93 | ||
Equity [Abstract] | ' | ' | ||
Common stock | 1 | 1 | ||
Additional paid-in capital | 39,365 | 39,279 | ||
Retained earnings | 2,363 | 1,889 | ||
Accumulated other comprehensive (loss) income | -399 | -306 | ||
Total Common Shareholders' Equity | 41,330 | 40,863 | ||
Noncontrolling interests | 78 | 78 | ||
Total equity | 41,408 | 40,941 | ||
Total Liabilities and Equity | 114,779 | 113,856 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 23 | 19 | ||
Receivables (net of allowance for doubtful accounts) | 186 | 188 | ||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 673 | 637 | ||
Receivables from affiliated companies | 75 | 3 | ||
Notes receivable from affiliated companies | 222 | 382 | ||
Inventory | 1,065 | 1,062 | ||
Regulatory assets, current | 295 | 221 | ||
Other | 309 | 218 | ||
Total current assets | 2,848 | 2,730 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Nuclear decommissioning trust funds | 2,840 | 2,354 | ||
Other | 1,000 | 934 | ||
Total investments and other assets | 3,840 | 3,288 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 34,906 | [1] | 34,190 | [3] |
Accumulated depreciation and amortization | -11,894 | -11,437 | ||
Generation facilities to be retired, net | 0 | 73 | ||
Net property, plant and equipment | 23,012 | 22,826 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 1,527 | 1,727 | ||
Other | 46 | 71 | ||
Total regulatory assets and deferred debits | 1,573 | 1,798 | ||
Total Assets | 31,273 | 30,642 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 701 | 599 | ||
Accounts payable to affiliated companies | 161 | 128 | ||
Taxes accrued | 147 | 114 | ||
Interest accrued | 97 | 96 | ||
Current maturities of long-term debt | 47 | 406 | ||
Regulatory liabilities, current | 65 | 78 | ||
Other | 393 | 412 | ||
Total current liabilities | 1,611 | 1,833 | ||
Long-term debt | 8,089 | 8,035 | ||
Long-term debt payable to affiliated companies | 300 | 300 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 5,706 | 5,181 | ||
Investment tax credits | 210 | 215 | ||
Accrued pension and other post-retirement benefit costs | 161 | 221 | ||
Asset retirement obligations | 1,594 | 1,959 | ||
Regulatory liabilities - noncurrent | 2,576 | 2,102 | ||
Other | 676 | 924 | ||
Total deferred credits and other liabilities | 10,923 | 10,602 | ||
Commitments and Contingencies | ' | ' | ||
Equity [Abstract] | ' | ' | ||
Member's equity | 10,365 | 9,888 | ||
Accumulated other comprehensive (loss) income | -15 | -16 | ||
Total Member's Equity | 10,350 | 9,872 | ||
Total Liabilities and Equity | 31,273 | 30,642 | ||
Progress Energy [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 58 | 231 | ||
Receivables (net of allowance for doubtful accounts) | 528 | 790 | ||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 417 | ' | ||
Receivables from affiliated companies | 4 | 15 | ||
Notes receivable from affiliated companies | 75 | 0 | ||
Inventory | 1,424 | 1,441 | ||
Regulatory assets, current | 353 | 256 | ||
Other | 726 | 510 | ||
Total current assets | 3,585 | 3,243 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Nuclear decommissioning trust funds | 2,292 | 1,888 | ||
Goodwill | 3,655 | 3,655 | ||
Other | 804 | 530 | ||
Total investments and other assets | 6,751 | 6,073 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 36,480 | [1] | 35,146 | [3] |
Accumulated depreciation and amortization | -13,098 | -12,512 | ||
Generation facilities to be retired, net | 0 | 63 | ||
Net property, plant and equipment | 23,382 | 22,697 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 4,155 | 5,292 | ||
Other | 96 | 100 | ||
Total regulatory assets and deferred debits | 4,251 | 5,392 | ||
Total Assets | 37,969 | 37,405 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 836 | 1,066 | ||
Accounts payable to affiliated companies | 123 | 30 | ||
Notes payable to affiliated companies | 1,213 | 455 | ||
Taxes accrued | 105 | 83 | ||
Interest accrued | 181 | 192 | ||
Current maturities of long-term debt | 485 | 843 | ||
Regulatory liabilities, current | 207 | 28 | ||
Other | 896 | 1,090 | ||
Total current liabilities | 4,046 | 3,787 | ||
Long-term debt | 13,630 | 13,311 | ||
Long-term debt payable to affiliated companies | 0 | 274 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 3,283 | 2,558 | ||
Accrued pension and other post-retirement benefit costs | 765 | 1,608 | ||
Asset retirement obligations | 2,562 | 2,413 | ||
Regulatory liabilities - noncurrent | 2,292 | 2,469 | ||
Other | 527 | 707 | ||
Total deferred credits and other liabilities | 9,429 | 9,755 | ||
Commitments and Contingencies | ' | ' | ||
Preferred Stock of Subsidiaries | 0 | 93 | ||
Equity [Abstract] | ' | ' | ||
Common stock | 0 | 0 | ||
Additional paid-in capital | 7,467 | 7,465 | ||
Retained earnings | 3,452 | 2,783 | ||
Accumulated other comprehensive (loss) income | -59 | -67 | ||
Total Common Shareholders' Equity | 10,860 | 10,181 | ||
Noncontrolling interests | 4 | 4 | ||
Total equity | 10,864 | 10,185 | ||
Total Liabilities and Equity | 37,969 | 37,405 | ||
Duke Energy Progress [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 21 | 18 | ||
Receivables (net of allowance for doubtful accounts) | 145 | 458 | ||
Restricted receivables of variable interest entities (net of allowance for doubtful accounts) | 417 | 0 | ||
Receivables from affiliated companies | 2 | 5 | ||
Inventory | 853 | 828 | ||
Regulatory assets, current | 127 | 77 | ||
Other | 296 | 236 | ||
Total current assets | 1,861 | 1,622 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Nuclear decommissioning trust funds | 1,539 | 1,259 | ||
Other | 443 | 251 | ||
Total investments and other assets | 1,982 | 1,510 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 22,273 | [1] | 21,184 | [3] |
Accumulated depreciation and amortization | -8,623 | -8,185 | ||
Generation facilities to be retired, net | 0 | 63 | ||
Net property, plant and equipment | 13,650 | 13,062 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 1,384 | 1,845 | ||
Other | 32 | 29 | ||
Total regulatory assets and deferred debits | 1,416 | 1,874 | ||
Total Assets | 18,909 | 18,068 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 420 | 542 | ||
Accounts payable to affiliated companies | 103 | 76 | ||
Notes payable to affiliated companies | 462 | 364 | ||
Taxes accrued | 37 | 23 | ||
Interest accrued | 70 | 69 | ||
Current maturities of long-term debt | 174 | 407 | ||
Regulatory liabilities, current | 63 | 10 | ||
Other | 392 | 507 | ||
Total current liabilities | 1,721 | 1,998 | ||
Long-term debt | 5,061 | 4,433 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 2,557 | 2,162 | ||
Accrued pension and other post-retirement benefit costs | 321 | 715 | ||
Asset retirement obligations | 1,729 | 1,649 | ||
Regulatory liabilities - noncurrent | 1,673 | 1,538 | ||
Other | 222 | 387 | ||
Total deferred credits and other liabilities | 6,502 | 6,451 | ||
Commitments and Contingencies | ' | ' | ||
Preferred stock | 0 | 59 | ||
Equity [Abstract] | ' | ' | ||
Common stock | 2,159 | 2,159 | ||
Retained earnings | 3,466 | 2,968 | ||
Total equity | 5,625 | 5,127 | ||
Total Liabilities and Equity | 18,909 | 18,068 | ||
Duke Energy Florida [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 16 | 131 | ||
Receivables (net of allowance for doubtful accounts) | 375 | 318 | ||
Receivables from affiliated companies | 3 | 20 | ||
Notes receivable from affiliated companies | 0 | 207 | ||
Inventory | 571 | 613 | ||
Regulatory assets, current | 221 | 179 | ||
Other | 182 | 172 | ||
Total current assets | 1,368 | 1,640 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Nuclear decommissioning trust funds | 753 | 629 | ||
Other | 252 | 182 | ||
Total investments and other assets | 1,005 | 811 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 13,863 | [1] | 13,432 | [3] |
Accumulated depreciation and amortization | -4,252 | -4,072 | ||
Net property, plant and equipment | 9,611 | 9,360 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 2,729 | 3,321 | ||
Other | 44 | 48 | ||
Total regulatory assets and deferred debits | 2,773 | 3,369 | ||
Total Assets | 14,757 | 15,180 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 333 | 412 | ||
Accounts payable to affiliated companies | 38 | 44 | ||
Notes payable to affiliated companies | 181 | 0 | ||
Taxes accrued | 66 | 48 | ||
Interest accrued | 46 | 55 | ||
Current maturities of long-term debt | 11 | 435 | ||
Regulatory liabilities, current | 144 | 18 | ||
Other | 445 | 516 | ||
Total current liabilities | 1,264 | 1,528 | ||
Long-term debt | 4,875 | 4,885 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 1,829 | 1,518 | ||
Accrued pension and other post-retirement benefit costs | 286 | 610 | ||
Asset retirement obligations | 833 | 764 | ||
Regulatory liabilities - noncurrent | 618 | 787 | ||
Other | 255 | 255 | ||
Total deferred credits and other liabilities | 3,821 | 3,934 | ||
Commitments and Contingencies | ' | ' | ||
Preferred stock | 0 | 34 | ||
Equity [Abstract] | ' | ' | ||
Common stock | 1,762 | 1,762 | ||
Retained earnings | 3,036 | 3,037 | ||
Accumulated other comprehensive (loss) income | -1 | 0 | ||
Total equity | 4,797 | 4,799 | ||
Total Liabilities and Equity | 14,757 | 15,180 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 36 | 31 | ||
Receivables (net of allowance for doubtful accounts) | 121 | 108 | ||
Receivables from affiliated companies | 121 | 82 | ||
Notes receivable from affiliated companies | 57 | 1 | ||
Inventory | 229 | 227 | ||
Regulatory assets, current | 57 | 46 | ||
Other | 270 | 221 | ||
Total current assets | 891 | 716 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Goodwill | 920 | 921 | ||
Other | 232 | 204 | ||
Total investments and other assets | 1,152 | 1,125 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 11,143 | [1] | 10,824 | [3] |
Accumulated depreciation and amortization | -2,908 | -2,698 | ||
Net property, plant and equipment | 8,235 | 8,126 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 471 | 579 | ||
Other | 14 | 14 | ||
Total regulatory assets and deferred debits | 485 | 593 | ||
Total Assets | 10,763 | 10,560 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 319 | 318 | ||
Accounts payable to affiliated companies | 77 | 62 | ||
Notes payable to affiliated companies | 43 | 245 | ||
Taxes accrued | 167 | 159 | ||
Interest accrued | 17 | 14 | ||
Current maturities of long-term debt | 47 | 261 | ||
Regulatory liabilities, current | 27 | 39 | ||
Other | 110 | 87 | ||
Total current liabilities | 807 | 1,185 | ||
Long-term debt | 2,141 | 1,736 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 2,012 | 1,853 | ||
Investment tax credits | 0 | 0 | ||
Accrued pension and other post-retirement benefit costs | 58 | 157 | ||
Asset retirement obligations | 28 | 28 | ||
Regulatory liabilities - noncurrent | 262 | 254 | ||
Other | 186 | 181 | ||
Total deferred credits and other liabilities | 2,546 | 2,473 | ||
Commitments and Contingencies | ' | ' | ||
Equity [Abstract] | ' | ' | ||
Common stock | 762 | 762 | ||
Additional paid-in capital | 4,882 | 4,882 | ||
Retained earnings | -375 | -477 | ||
Accumulated other comprehensive (loss) income | 0 | -1 | ||
Total equity | 5,269 | 5,166 | ||
Total Liabilities and Equity | 10,763 | 10,560 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Current Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 15 | 36 | ||
Receivables (net of allowance for doubtful accounts) | 22 | 33 | ||
Receivables from affiliated companies | 151 | 104 | ||
Notes receivable from affiliated companies | 96 | ' | ||
Inventory | 434 | 380 | ||
Regulatory assets, current | 118 | 126 | ||
Other | 125 | 12 | ||
Total current assets | 961 | 691 | ||
Investments and Other Assets [Abstract] | ' | ' | ||
Other | 269 | 163 | ||
Total investments and other assets | 269 | 163 | ||
Property, Plant and Equipment [Abstract] | ' | ' | ||
Cost | 12,489 | [1] | 12,012 | [3] |
Accumulated depreciation and amortization | -3,913 | -3,692 | ||
Net property, plant and equipment | 8,576 | 8,320 | ||
Regulatory Assets and Deferred Debits [Abstract] | ' | ' | ||
Regulatory assets, noncurrent | 717 | 810 | ||
Other | 25 | 24 | ||
Total regulatory assets and deferred debits | 742 | 834 | ||
Total Assets | 10,548 | 10,008 | ||
Current Liabilities [Abstract] | ' | ' | ||
Accounts payable | 206 | 173 | ||
Accounts payable to affiliated companies | 56 | 60 | ||
Notes payable to affiliated companies | 0 | 81 | ||
Taxes accrued | 57 | 61 | ||
Interest accrued | 56 | 53 | ||
Current maturities of long-term debt | 5 | 405 | ||
Regulatory liabilities, current | 16 | 11 | ||
Other | 88 | 154 | ||
Total current liabilities | 484 | 998 | ||
Long-term debt | 3,641 | 3,147 | ||
Long-term debt payable to affiliated companies | 150 | 150 | ||
Deferred Credits and Other Liabilities [Abstract] | ' | ' | ||
Deferred income taxes | 1,171 | 853 | ||
Investment tax credits | 140 | 142 | ||
Accrued pension and other post-retirement benefit costs | 163 | 186 | ||
Asset retirement obligations | 30 | 37 | ||
Regulatory liabilities - noncurrent | 782 | 741 | ||
Other | 48 | 46 | ||
Total deferred credits and other liabilities | 2,334 | 2,005 | ||
Commitments and Contingencies | ' | ' | ||
Equity [Abstract] | ' | ' | ||
Common stock | 1 | 1 | ||
Additional paid-in capital | 1,384 | 1,384 | ||
Retained earnings | 2,551 | 2,318 | ||
Accumulated other comprehensive (loss) income | 3 | 5 | ||
Total equity | 3,939 | 3,708 | ||
Total Liabilities and Equity | $10,548 | $10,008 | ||
[1] | Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases. | |||
[2] | Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy. | |||
[3] | Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases. | |||
[4] | Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | 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] | ||
Receivables, allowance for doubtful accounts | $30 | $34 | $14 | $16 | $10 | $9 | $4 | $7 | $2 | $2 | $1 | $1 |
Restricted receivables, allowance for doubtful accounts | $43 | $44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, par value | $0.00 | ' | $0.01 | ' | ' | ' | ' | ' | $8.50 | $8.50 | ' | ' |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 | 100 | 100 | 200,000,000 | 200,000,000 | 60,000,000 | 60,000,000 | 120,000,000 | 120,000,000 | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 706,000,000 | 704,000,000 | 100 | 100 | 160,000,000 | 160,000,000 | 100 | 100 | 89,663,086 | 89,663,086 | 59,913,701 | 59,913,701 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | $2,676 | $1,782 | $1,714 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 3,229 | 2,652 | 2,026 |
Equity component of AFUDC | -157 | -300 | -260 |
Severance expense | ' | 92 | ' |
FERC mitigation costs | ' | 117 | ' |
Community support and charitable contributions and other | 34 | 92 | ' |
(Gains) losses on sales of other assets | -79 | -44 | -19 |
Impairment of other long-lived assets | 400 | 586 | 335 |
Deferred income taxes | 1,264 | 584 | 602 |
Equity in earnings of unconsolidated affiliates | -122 | -148 | -160 |
Voluntary opportunity cost deferral | ' | -101 | ' |
Accrued pension and other post-retirement benefit costs | 307 | 239 | 104 |
Contributions to qualified pension plans | -250 | -304 | -200 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 1 | 60 | -48 |
Receivables | -281 | 39 | 2 |
Inventory | -31 | -258 | -247 |
Other current assets | -35 | 140 | 185 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | 73 | 131 | 41 |
Taxes accrued | 77 | -142 | 27 |
Other current liabilities | 24 | 295 | -254 |
Other assets | -384 | -129 | 12 |
Other liabilities | -364 | -139 | -188 |
Net cash provided by (used in) operating activities | 6,382 | 5,244 | 3,672 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -5,526 | -5,501 | -4,363 |
Investment expenditures | -81 | -6 | -50 |
Acquisitions | ' | -451 | -51 |
Cash acquired from acquisition | ' | 71 | ' |
Purchases of available-for-sale securities | -6,142 | -4,719 | -3,194 |
Proceeds from sales and maturities of available-for-sale securities | 6,315 | 4,537 | 3,063 |
Net proceeds from the sales of other assets, and sales of and collections on notes receivable | 277 | 212 | 118 |
Change in restricted cash | 167 | -414 | 22 |
Other | 12 | 74 | 21 |
Net cash (used in) provided by investing activities | -4,978 | -6,197 | -4,434 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 3,601 | 4,170 | 2,570 |
Proceeds from the issuance of common stock related to employee benefit plans | 9 | 23 | 67 |
Payments for the redemption of long-term debt | -2,761 | -2,498 | -278 |
Payments for the redemption of preferred stock | -96 | ' | ' |
Notes payable and commercial paper | 93 | 278 | 208 |
Distributions to noncontrolling interests | -15 | -25 | -26 |
Contributions from noncontrolling Interests | 9 | 76 | ' |
Dividends paid | -2,188 | -1,752 | -1,329 |
Other | 21 | -5 | -10 |
Net cash provided by (used in) financing activities | -1,327 | 267 | 1,202 |
Net increase (decrease) in cash and cash equivalents | 77 | -686 | 440 |
Cash and cash equivalents at beginning of period | 1,424 | 2,110 | 1,670 |
Cash and cash equivalents at end of period | 1,501 | 1,424 | 2,110 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 1,665 | 1,032 | 813 |
Cash paid for (received from) income taxes | -202 | 72 | 26 |
Merger with Progress Energy [Abstract] | ' | ' | ' |
Fair value of assets acquired | ' | 48,944 | ' |
Liabilities assumed | ' | 30,873 | ' |
Issuance of common stock | ' | 18,071 | ' |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 594 | 684 | 409 |
Duke Energy Carolinas [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 976 | 865 | 834 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 1,167 | 1,143 | 1,020 |
Equity component of AFUDC | -91 | -154 | -168 |
FERC mitigation costs | ' | 46 | ' |
Community support and charitable contributions and other | 14 | 56 | ' |
(Gains) losses on sales of other assets | ' | -12 | -1 |
Impairment of other long-lived assets | ' | ' | 12 |
Deferred income taxes | 534 | 479 | 564 |
Voluntary opportunity cost deferral | ' | -101 | ' |
Accrued pension and other post-retirement benefit costs | 38 | 41 | 32 |
Contributions to qualified pension plans | ' | ' | -33 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -9 | ' | -91 |
Receivables | -12 | 22 | 22 |
Receivables from affiliated companies | -72 | -1 | 88 |
Inventory | -9 | -128 | -177 |
Other current assets | -1 | 46 | 144 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | 58 | -51 | 120 |
Accounts payable to affiliated companies | 33 | -28 | -39 |
Taxes accrued | 4 | -12 | 12 |
Other current liabilities | -40 | 165 | -170 |
Other assets | -102 | -117 | -46 |
Other liabilities | -77 | -126 | -249 |
Net cash provided by (used in) operating activities | 2,411 | 2,133 | 1,874 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -1,695 | -1,908 | -2,272 |
Purchases of available-for-sale securities | -2,405 | -2,481 | -2,227 |
Proceeds from sales and maturities of available-for-sale securities | 2,363 | 2,445 | 2,179 |
Notes receivable from affiliated companies | 160 | 541 | -584 |
Change in restricted cash | ' | ' | 2 |
Other | -24 | -12 | -13 |
Net cash (used in) provided by investing activities | -1,601 | -1,415 | -2,915 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 100 | 645 | 1,498 |
Payments for the redemption of long-term debt | -405 | -1,177 | -7 |
Dividends to parent | -499 | -450 | -299 |
Other | -2 | -6 | -15 |
Net cash provided by (used in) financing activities | -806 | -988 | 1,177 |
Net increase (decrease) in cash and cash equivalents | 4 | -270 | 136 |
Cash and cash equivalents at beginning of period | 19 | 289 | 153 |
Cash and cash equivalents at end of period | 23 | 19 | 289 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 336 | 385 | 337 |
Cash paid for (received from) income taxes | -7 | -38 | -223 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 199 | 194 | 209 |
Progress Energy [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 675 | 407 | 582 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 1,041 | 897 | 850 |
Equity component of AFUDC | -50 | -106 | -103 |
Severance expense | 0 | 38 | 0 |
FERC mitigation costs | 0 | 71 | 0 |
Community support and charitable contributions and other | 20 | 36 | 0 |
(Gains) losses on sales of other assets | 2 | -16 | -5 |
Impairment of other long-lived assets | 380 | 146 | 3 |
Deferred income taxes | 616 | 263 | 353 |
Amounts to be refunded to customers | 0 | 100 | 288 |
Accrued pension and other post-retirement benefit costs | 172 | 179 | 124 |
Contributions to qualified pension plans | -250 | -346 | -331 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 55 | 7 | -10 |
Receivables | -148 | 49 | 167 |
Receivables from affiliated companies | 11 | -15 | 0 |
Inventory | 17 | -71 | -210 |
Other current assets | -156 | 2 | -111 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | -81 | 175 | -64 |
Accounts payable to affiliated companies | 93 | 30 | 0 |
Taxes accrued | 22 | 25 | -16 |
Other current liabilities | 61 | 81 | 67 |
Other assets | -243 | -25 | -67 |
Other liabilities | -115 | -87 | 98 |
Net cash provided by (used in) operating activities | 2,122 | 1,840 | 1,615 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -2,490 | -2,366 | -2,256 |
Purchases of available-for-sale securities | -2,558 | -1,374 | -5,017 |
Proceeds from sales and maturities of available-for-sale securities | 2,513 | 1,325 | 4,970 |
Notes receivable from affiliated companies | -75 | 0 | 0 |
Insurance proceeds | 0 | 7 | 79 |
Change in restricted cash | 0 | 24 | -24 |
Other | 13 | 102 | 36 |
Net cash (used in) provided by investing activities | -2,597 | -2,282 | -2,212 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 845 | 2,074 | 1,286 |
Proceeds from the issuance of common stock related to employee benefit plans | 0 | 6 | 53 |
Payments for the redemption of long-term debt | -1,196 | -962 | -1,010 |
Payments for the redemption of preferred stock | -96 | 0 | 0 |
Payments of short-term debt with original maturities greater than 90 days | 0 | -65 | 0 |
Proceeds from issuance of short-term debt with original maturities greater than 90 days | 0 | 65 | 0 |
Notes payable and commercial paper | 0 | -671 | 667 |
Notes payable to affiliated companies | 758 | 455 | 0 |
Distributions to noncontrolling interests | -3 | -7 | -7 |
Dividends paid | 0 | -445 | -734 |
Other | -6 | -7 | -39 |
Net cash provided by (used in) financing activities | 302 | 443 | 216 |
Net increase (decrease) in cash and cash equivalents | -173 | 1 | -381 |
Cash and cash equivalents at beginning of period | 231 | 230 | 611 |
Cash and cash equivalents at end of period | 58 | 231 | 230 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 678 | 784 | 793 |
Cash paid for (received from) income taxes | -167 | -4 | -78 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 255 | 375 | 380 |
Asset retirement obligation additions and estimate revisions | 0 | 837 | -4 |
Capital expenditures financed through capital leases | 0 | 140 | 0 |
Duke Energy Progress [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 500 | 272 | 516 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 685 | 676 | 654 |
Equity component of AFUDC | -42 | -69 | -71 |
Severance expense | 0 | 18 | 0 |
FERC mitigation costs | 0 | 71 | 0 |
Community support and charitable contributions and other | 20 | 36 | 0 |
(Gains) losses on sales of other assets | -1 | -1 | -3 |
Impairment of other long-lived assets | 22 | 0 | 3 |
Deferred income taxes | 368 | 164 | 262 |
Accrued pension and other post-retirement benefit costs | 72 | 70 | 43 |
Contributions to qualified pension plans | -63 | -141 | -217 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -9 | -25 | -23 |
Receivables | -88 | 2 | 84 |
Receivables from affiliated companies | 3 | -4 | 8 |
Inventory | -26 | -58 | -182 |
Other current assets | -39 | -24 | 116 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | -18 | 149 | -22 |
Accounts payable to affiliated companies | 27 | 47 | -45 |
Taxes accrued | 15 | -5 | -4 |
Other current liabilities | -86 | 23 | 40 |
Other assets | -74 | -28 | -38 |
Other liabilities | -78 | -6 | 16 |
Net cash provided by (used in) operating activities | 1,188 | 1,167 | 1,137 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -1,567 | -1,525 | -1,426 |
Purchases of available-for-sale securities | -901 | -582 | -572 |
Proceeds from sales and maturities of available-for-sale securities | 856 | 532 | 515 |
Notes receivable from affiliated companies | 0 | 0 | 2 |
Other | 4 | 91 | 12 |
Net cash (used in) provided by investing activities | -1,608 | -1,484 | -1,469 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 845 | 988 | 495 |
Payments for the redemption of long-term debt | -451 | -502 | -2 |
Payments for the redemption of preferred stock | -62 | 0 | 0 |
Notes payable and commercial paper | 0 | -188 | 185 |
Notes payable to affiliated companies | 98 | 333 | 31 |
Dividends to parent | 0 | -310 | -585 |
Dividends paid on preferred stock | 0 | -3 | -3 |
Other | -7 | -3 | 1 |
Net cash provided by (used in) financing activities | 423 | 315 | 122 |
Net increase (decrease) in cash and cash equivalents | 3 | -2 | -210 |
Cash and cash equivalents at beginning of period | 18 | 20 | 230 |
Cash and cash equivalents at end of period | 21 | 18 | 20 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 217 | 249 | 199 |
Cash paid for (received from) income taxes | -94 | 19 | -97 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 166 | 232 | 270 |
Asset retirement obligation additions and estimate revisions | 0 | 698 | -4 |
Capital expenditures financed through capital leases | 0 | 140 | 0 |
Duke Energy Florida [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 325 | 266 | 314 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 335 | 197 | 174 |
Equity component of AFUDC | -8 | -37 | -32 |
Severance expense | 0 | 6 | 0 |
(Gains) losses on sales of other assets | -1 | -2 | -2 |
Impairment of other long-lived assets | 358 | 146 | 0 |
Deferred income taxes | 368 | 142 | 234 |
Amounts to be refunded to customers | 0 | 100 | 288 |
Accrued pension and other post-retirement benefit costs | 79 | 71 | 52 |
Contributions to qualified pension plans | -133 | -128 | -112 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 55 | 73 | -13 |
Receivables | -44 | 37 | 91 |
Receivables from affiliated companies | 17 | -13 | -6 |
Inventory | 42 | -13 | -28 |
Other current assets | -109 | 22 | -160 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | -22 | 21 | -45 |
Accounts payable to affiliated companies | -6 | 30 | -37 |
Taxes accrued | 18 | 15 | -8 |
Other current liabilities | 159 | 51 | 16 |
Other assets | -154 | 8 | -7 |
Other liabilities | -74 | -94 | 46 |
Net cash provided by (used in) operating activities | 1,205 | 898 | 765 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -915 | -809 | -813 |
Purchases of available-for-sale securities | -1,656 | -791 | -4,435 |
Proceeds from sales and maturities of available-for-sale securities | 1,658 | 791 | 4,438 |
Notes receivable from affiliated companies | 207 | -207 | 0 |
Insurance proceeds | 0 | 7 | 76 |
Other | 0 | 9 | 27 |
Net cash (used in) provided by investing activities | -706 | -1,000 | -707 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 0 | 642 | 296 |
Payments for the redemption of long-term debt | -435 | -10 | -309 |
Payments for the redemption of preferred stock | -34 | 0 | 0 |
Payments of short-term debt with original maturities greater than 90 days | 0 | -65 | 0 |
Proceeds from issuance of short-term debt with original maturities greater than 90 days | 0 | 65 | 0 |
Notes payable and commercial paper | 0 | -233 | 233 |
Notes payable to affiliated companies | 181 | -8 | 0 |
Dividends to parent | -325 | -170 | -510 |
Dividends paid on preferred stock | 0 | -2 | -2 |
Other | -1 | -2 | 1 |
Net cash provided by (used in) financing activities | -614 | 217 | -291 |
Net increase (decrease) in cash and cash equivalents | -115 | 115 | -233 |
Cash and cash equivalents at beginning of period | 131 | 16 | 249 |
Cash and cash equivalents at end of period | 16 | 131 | 16 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 201 | 266 | 287 |
Cash paid for (received from) income taxes | -84 | 24 | -83 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 88 | 139 | 106 |
Asset retirement obligation additions and estimate revisions | 0 | 139 | 0 |
Duke Energy Ohio [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 102 | 175 | 194 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 357 | 342 | 338 |
Equity component of AFUDC | -1 | -6 | -5 |
(Gains) losses on sales of other assets | -5 | -7 | -5 |
Impairment of other long-lived assets | 5 | 2 | 89 |
Deferred income taxes | 98 | 61 | 190 |
Accrued pension and other post-retirement benefit costs | 17 | 11 | 14 |
Contributions to qualified pension plans | ' | ' | -48 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | 17 | -5 | -8 |
Receivables | -15 | 29 | 10 |
Receivables from affiliated companies | -39 | 61 | 98 |
Inventory | -3 | 15 | 11 |
Other current assets | -1 | -62 | -24 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | 13 | 5 | -33 |
Accounts payable to affiliated companies | 15 | -22 | 1 |
Taxes accrued | 1 | -24 | 8 |
Other current liabilities | 14 | -21 | -3 |
Other assets | -6 | 6 | -56 |
Other liabilities | -73 | -116 | 47 |
Net cash provided by (used in) operating activities | 496 | 444 | 818 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -434 | -514 | -499 |
Net proceeds from the sales of other assets, and sales of and collections on notes receivable | 11 | 82 | ' |
Notes receivable from affiliated companies | -56 | 400 | 79 |
Change in restricted cash | ' | ' | -26 |
Other | 1 | 6 | -3 |
Net cash (used in) provided by investing activities | -478 | -26 | -449 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 450 | ' | ' |
Payments for the redemption of long-term debt | -258 | -556 | -9 |
Notes payable to affiliated companies | -202 | 245 | ' |
Dividends to parent | ' | -175 | -485 |
Other | -3 | ' | -4 |
Net cash provided by (used in) financing activities | -13 | -486 | -498 |
Net increase (decrease) in cash and cash equivalents | 5 | -68 | -129 |
Cash and cash equivalents at beginning of period | 31 | 99 | 228 |
Cash and cash equivalents at end of period | 36 | 31 | 99 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 71 | 93 | 100 |
Cash paid for (received from) income taxes | 9 | 18 | -102 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 27 | 31 | 43 |
Transfer of Vermillion Generating Station | ' | -28 | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net income | 358 | -50 | 168 |
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract] | ' | ' | ' |
Depreciation, amortization and accretion (including amortization of nuclear fuel) | 346 | 393 | 395 |
Equity component of AFUDC | -15 | -84 | -88 |
Impairment of other long-lived assets | ' | 579 | 234 |
Deferred income taxes | 304 | -74 | -63 |
Accrued pension and other post-retirement benefit costs | 25 | 15 | 23 |
Contributions to qualified pension plans | ' | ' | -52 |
(Increase) decrease in [Abstract] | ' | ' | ' |
Net realized and unrealized mark-to-market and hedging transactions | -30 | ' | ' |
Receivables | 3 | 6 | 25 |
Receivables from affiliated companies | -47 | 52 | 63 |
Inventory | -53 | -50 | -64 |
Other current assets | -40 | -25 | 13 |
Increase (decrease) in [Abstract] | ' | ' | ' |
Accounts payable | 32 | 18 | -14 |
Accounts payable to affiliated companies | -4 | -12 | 5 |
Taxes accrued | -30 | -27 | 29 |
Other current liabilities | -5 | 6 | -16 |
Other assets | -16 | 6 | 47 |
Other liabilities | -84 | -37 | -72 |
Net cash provided by (used in) operating activities | 744 | 716 | 633 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Capital expenditures | -545 | -718 | -1,066 |
Purchases of available-for-sale securities | -11 | -17 | -11 |
Proceeds from sales and maturities of available-for-sale securities | 7 | 18 | 8 |
Notes receivable from affiliated companies | -96 | ' | 115 |
Change in restricted cash | ' | ' | 6 |
Other | -3 | -1 | -5 |
Net cash (used in) provided by investing activities | -648 | -718 | -953 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Proceeds from the issuance of long-term debt | 498 | 250 | ' |
Payments for the redemption of long-term debt | -405 | -7 | -14 |
Notes payable to affiliated companies | -81 | -219 | 300 |
Dividends to parent | -125 | ' | ' |
Other | -4 | -2 | -4 |
Net cash provided by (used in) financing activities | -117 | 22 | 282 |
Net increase (decrease) in cash and cash equivalents | -21 | 20 | -38 |
Cash and cash equivalents at beginning of period | 36 | 16 | 54 |
Cash and cash equivalents at end of period | 15 | 36 | 16 |
Supplemental Disclosures [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | 194 | 130 | 130 |
Cash paid for (received from) income taxes | 46 | 57 | 90 |
Significant Non-cash Transactions [Abstract] | ' | ' | ' |
Accrued capital expenditures | 73 | 67 | 110 |
Transfer of Vermillion Generating Station | ' | $26 | ' |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (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 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] | 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] | |||||||||||||||||||
Beginning Member's Equity at Dec. 31, 2010 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8,916 | $8,938 | ($20) | ($2) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2010 | 22,653 | 1 | 21,023 | 1,496 | 97 | -18 | -17 | -60 | 22,522 | 131 | ' | ' | ' | ' | 10,027 | 7,332 | 11 | 2,805 | -63 | -62 | 10,023 | 4 | 5,180 | 2,130 | 3,083 | -33 | 4,890 | 1,750 | 3,144 | -4 | 5,464 | 762 | 5,570 | -846 | -22 | 3,567 | 1 | 1,358 | 2,200 | 8 | |||
Balance (in shares) at Dec. 31, 2010 | 443,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income | 1,714 | ' | ' | 1,706 | ' | ' | ' | ' | 1,706 | 8 | 834 | 834 | ' | ' | 582 | ' | ' | ' | ' | ' | ' | ' | 516 | ' | 516 | ' | 314 | ' | 314 | ' | 194 | ' | ' | 194 | ' | 168 | ' | ' | 168 | ' | |||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 578 | ' | ' | 575 | ' | ' | 575 | [1] | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income (loss) available to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 513 | ' | ' | ' | 312 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other comprehensive income (loss), net of tax | -243 | ' | ' | ' | -142 | -53 | 8 | -49 | -236 | -7 | 3 | ' | 3 | 0 | -40 | ' | ' | ' | -79 | 39 | -40 | ' | -38 | ' | ' | -38 | -23 | ' | ' | -23 | -6 | ' | ' | ' | -6 | -1 | ' | ' | ' | -1 | |||
Common stock issuances, including dividend reinvestment and employee benefits (in shares) | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common stock issuances, including dividend reinvestment and employee benefits | 109 | 0 | 109 | ' | ' | ' | ' | ' | 109 | ' | ' | ' | ' | ' | 91 | 86 | 5 | ' | ' | ' | 91 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Stock-based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18 | 18 | ' | ' | 7 | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common stock dividends | -1,329 | ' | ' | -1,329 | ' | ' | ' | ' | -1,329 | ' | ' | ' | ' | ' | -628 | ' | ' | -628 | ' | ' | -628 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Dividends to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -299 | -299 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -585 | ' | -585 | ' | -510 | ' | -510 | ' | -485 | ' | -485 | ' | ' | ' | ' | ' | ' | ' | |||
Preferred stock dividends at stated rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | ' | -3 | ' | -2 | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Changes in noncontrolling interest in subsidiaries | [2] | -39 | ' | ' | ' | ' | ' | ' | ' | ' | -39 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Distributions to noncontrolling interests | 26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Tax dividend | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total Member's Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,454 | 9,473 | -17 | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Notes To Reconciliation Of Total Equity [Details] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income attributable to preferred shareholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2011 | 22,865 | 1 | 21,132 | 1,873 | -45 | -71 | -9 | -109 | 22,772 | 93 | ' | ' | ' | ' | 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 | ' | 2,368 | 7 | |||
Balance (in shares) at Dec. 31, 2011 | 445,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Beginning Member's Equity at Dec. 31, 2011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,454 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income | 299 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 266 | ' | ' | ' | 152 | ' | ' | ' | ' | ' | ' | ' | 52 | ' | ' | ' | 128 | ' | ' | ' | 74 | ' | ' | ' | ' | -167 | ' | ' | ' | ' | |||
Balance at Mar. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Beginning Member's Equity at Dec. 31, 2011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,454 | 9,473 | -17 | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2011 | 22,865 | ' | 21,132 | 1,873 | -45 | -71 | -9 | -109 | 22,772 | 93 | ' | ' | ' | ' | 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 | 1,782 | ' | ' | 1,768 | ' | ' | ' | ' | 1,768 | 12 | 865 | 865 | ' | ' | 407 | ' | ' | ' | ' | ' | ' | ' | 272 | ' | 272 | ' | 266 | ' | 266 | ' | 175 | ' | ' | 175 | ' | -50 | ' | ' | -50 | ' | |||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 403 | ' | ' | 400 | ' | ' | 400 | [1] | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net income (loss) available to common stockholders | 1,780 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 269 | ' | ' | ' | 264 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Other comprehensive income (loss), net of tax | -76 | ' | ' | ' | -71 | -29 | 9 | 19 | -72 | -4 | 3 | ' | 2 | 1 | 98 | ' | ' | ' | 100 | -2 | 98 | ' | 71 | ' | ' | 71 | 27 | ' | ' | 27 | 27 | ' | ' | ' | 27 | -2 | ' | ' | ' | -2 | |||
Common stock issuances, including dividend reinvestment and employee benefits (in shares) | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common stock issuances, including dividend reinvestment and employee benefits | 76 | ' | 76 | ' | ' | ' | ' | ' | 76 | ' | ' | ' | ' | ' | 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 | -1,752 | ' | ' | -1,752 | ' | ' | ' | ' | -1,752 | ' | ' | ' | ' | ' | -369 | ' | ' | -369 | ' | ' | -369 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Dividends to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -450 | -450 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -310 | ' | -310 | ' | -170 | ' | -170 | ' | -175 | ' | -175 | ' | ' | ' | ' | ' | ' | ' | |||
Preferred stock dividends at stated rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | ' | -3 | ' | -2 | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Changes in noncontrolling interest in subsidiaries | [2] | -17 | ' | ' | ' | ' | ' | ' | ' | ' | -17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -28 | ' | -28 | ' | ' | 26 | ' | 26 | ' | ' | |||
Deconsolidation of DS Cornerstone, LLC | [4] | -82 | ' | ' | ' | ' | ' | ' | ' | ' | -82 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Contribution from noncontrolling interest in DS Cornerstone, LLC | [4] | 76 | ' | ' | ' | ' | ' | ' | ' | ' | 76 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Distributions to noncontrolling interests | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Contributions from noncontrolling Interests | 76 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Recapitalization for merger with Duke Energy | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,436 | 7,436 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Tax dividend | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | ' | -2 | ' | -2 | ' | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total Member's Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,872 | 9,888 | -15 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Notes To Reconciliation Of Total Equity [Details] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income attributable to preferred shareholders | -2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2012 | 40,941 | 1 | 39,279 | 1,889 | -116 | -100 | 0 | -90 | 40,863 | 78 | ' | ' | ' | ' | 10,185 | 0 | 7,465 | 2,783 | -42 | -25 | 10,181 | 4 | 5,127 | 2,159 | 2,968 | 0 | 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 | ' | ' | ' | ' | 59,913,701 | ' | ' | ' | ' | |||
Beginning Member's Equity at Sep. 30, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income | 437 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 130 | ' | ' | ' | 34 | ' | ' | ' | ' | ' | ' | ' | 93 | ' | ' | ' | -45 | ' | ' | ' | 42 | ' | ' | ' | ' | 59 | ' | ' | ' | ' | |||
Total Member's Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,872 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2012 | 40,941 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,185 | ' | ' | ' | ' | ' | ' | ' | 5,127 | ' | ' | ' | 4,799 | ' | ' | ' | 5,166 | 762 | ' | ' | ' | 3,708 | 1 | ' | ' | ' | |||
Balance (in shares) at Dec. 31, 2012 | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 59,913,701 | ' | ' | ' | ' | |||
Beginning Member's Equity at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,872 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income | 634 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 244 | ' | ' | ' | 154 | ' | ' | ' | ' | ' | ' | ' | 110 | ' | ' | ' | 110 | ' | ' | ' | -21 | ' | ' | ' | ' | 90 | ' | ' | ' | ' | |||
Balance at Mar. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Beginning Member's Equity at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,872 | 9,888 | -15 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2012 | 40,941 | 1 | 39,279 | 1,889 | -116 | -100 | 0 | -90 | 40,863 | 78 | ' | ' | ' | ' | 10,185 | ' | 7,465 | 2,783 | -42 | -25 | 10,181 | 4 | 5,127 | ' | 2,968 | ' | 4,799 | ' | 3,037 | 0 | 5,166 | 762 | ' | -477 | -1 | 3,708 | 1 | ' | 2,318 | 5 | |||
Balance (in shares) at Dec. 31, 2012 | 704,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 59,913,701 | ' | ' | ' | ' | |||
Net income | 2,676 | ' | ' | 2,665 | ' | ' | ' | ' | 2,665 | 11 | 976 | 976 | ' | ' | 675 | ' | ' | ' | ' | ' | ' | ' | 500 | ' | 500 | ' | 325 | ' | 325 | ' | 102 | ' | ' | 102 | ' | 358 | ' | ' | 358 | ' | |||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 675 | ' | ' | 672 | ' | ' | 672 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income (loss) available to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500 | ' | ' | ' | 325 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other comprehensive income (loss), net of tax | -99 | ' | ' | ' | -191 | 60 | 0 | 38 | -93 | -6 | 1 | ' | 1 | 0 | 8 | ' | ' | ' | -1 | 9 | 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 | 86 | ' | 86 | ' | ' | ' | ' | ' | 86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common stock dividends | -2,188 | ' | ' | -2,188 | ' | ' | ' | ' | -2,188 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Dividends to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -499 | -499 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | -325 | ' | -325 | ' | ' | ' | ' | ' | ' | -125 | ' | ' | -125 | ' | |||
Preferred stock dividends at stated rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Premium on the redemption of preferred stock of subsidiaries | -3 | ' | ' | -3 | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | -3 | ' | ' | -3 | ' | ' | -3 | ' | -2 | ' | -2 | ' | -1 | ' | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Changes in noncontrolling interest in subsidiaries | [2] | -14 | ' | ' | ' | ' | ' | ' | ' | ' | -14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Distributions to noncontrolling interests | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | ' | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Contributions from noncontrolling Interests | 9 | ' | ' | ' | ' | ' | ' | ' | ' | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other additional paid in capital adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | 2 | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total Member's Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,350 | 10,365 | -14 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Notes To Reconciliation Of Total Equity [Details] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income attributable to preferred shareholders | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2013 | 41,408 | 1 | 39,365 | 2,363 | -307 | -40 | 0 | -52 | 41,330 | 78 | ' | ' | ' | ' | 10,864 | ' | 7,467 | 3,452 | -43 | -16 | 10,860 | 4 | 5,625 | 2,159 | 3,466 | ' | 4,797 | 1,762 | 3,036 | -1 | 5,269 | 762 | 4,882 | -375 | ' | 3,939 | 1 | 1,384 | 2,551 | 3 | |||
Balance (in shares) at Dec. 31, 2013 | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 59,913,701 | ' | ' | ' | ' | |||
Beginning Member's Equity at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income | 692 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 209 | ' | ' | ' | 196 | ' | ' | ' | ' | ' | ' | ' | 138 | ' | ' | ' | 75 | ' | ' | ' | 6 | ' | ' | ' | ' | 82 | ' | ' | ' | ' | |||
Total Member's Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,350 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Balance at Dec. 31, 2013 | $41,408 | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,864 | ' | ' | ' | ' | ' | ' | ' | $5,625 | $2,159 | ' | ' | $4,797 | $1,762 | ' | ' | $5,269 | $762 | $4,882 | ' | ' | $3,939 | $1 | $1,384 | ' | ' | |||
Balance (in shares) at Dec. 31, 2013 | 706,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 160,000,000 | ' | ' | ' | 100 | ' | ' | ' | 89,663,086 | ' | ' | ' | ' | 59,913,701 | ' | ' | ' | ' | |||
[1] | For the year ended December 31, 2012, consolidated net income of $407 million included $4 million attributable to preferred shareholders of subsidiaries. For the year ended December 31, 2011, consolidated net income of $582 million included $4 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] | Includes $15 million, $23 million and $26 million in cash distributions to noncontrolling interests in 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||||||||||||||||
[3] | For the year ended December 31, 2012, consolidated net income of $1,782 million includes $2 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. | ||||||||||||||||||||||||||||||||||||||||||
[4] | Refer to Note 2 for further information on the deconsolidation of DS Cornerstone, LLC. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||
Organization And Basis of Presentation [Abstract] | ' | ||||||||||||||||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||||||||||||||||
Index to Combined Notes To Consolidated Financial Statements | |||||||||||||||||||||||||||
The notes to the consolidated financial statements are a combined presentation. The following list indicates the registrants to which the notes apply. | |||||||||||||||||||||||||||
Applicable Notes | |||||||||||||||||||||||||||
Registrant | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | ||
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. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||||||||||||
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 U.S. and Latin America primarily through its direct and indirect subsidiaries. Duke Energy's subsidiaries include its wholly owned 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. | |||||||||||||||||||||||||||
On July 2, 2012, Duke Energy merged with Progress Energy, with Duke Energy continuing as the surviving corporation. Progress Energy became a subsidiary of Duke Energy and Progress Energy's regulated utility subsidiaries, Duke Energy Progress (formerly Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.) and Duke Energy Florida (formerly Florida Power Corporation d/b/a Progress Energy Florida, Inc.), became indirect subsidiaries of Duke Energy. Duke Energy's consolidated financial statements include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012. The impacts of acquisition accounting from Progress Energy's merger with Duke Energy were recorded by Duke Energy and were not reflected on the financial statements of Progress Energy, Duke Energy Progress and Duke Energy Florida. See Note 2 for additional information regarding the merger. On July 2, 2012, just prior to the close of the merger, Duke Energy executed a one-for-three reverse stock split with respect to the issued and outstanding shares of Duke Energy common stock. All per-share amounts included in this Form 10-K are presented as if the stock split had been effective from the beginning of the earliest period presented. | |||||||||||||||||||||||||||
The information in these combined notes relates to each of the Duke Energy Registrants as noted in the Index to the 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. | |||||||||||||||||||||||||||
These Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and subsidiaries where the respective Duke Energy Registrants have control. These Consolidated Financial Statements also reflect the Duke Energy Registrants' proportionate share of jointly owned generation and transmission facilities. | |||||||||||||||||||||||||||
Duke Energy Carolinas is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), Public Service Commission of South Carolina (PSCSC), U.S. Nuclear Regulatory Commission (NRC) and FERC. Substantially all of Duke Energy Carolinas' operations qualify for regulatory accounting. | |||||||||||||||||||||||||||
Progress Energy is a public utility holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. Substantially all of Progress Energy's operations qualify for regulatory accounting. | |||||||||||||||||||||||||||
Duke Energy Progress is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, PSCSC, NRC and FERC. Substantially all of Duke Energy Progress' operations qualify for regulatory accounting. | |||||||||||||||||||||||||||
Duke Energy Florida is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory jurisdiction of the Florida Public Service Commission (FPSC), NRC and FERC. Substantially all of Duke Energy Florida's operations qualify for regulatory accounting. | |||||||||||||||||||||||||||
Duke Energy Ohio is a 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's principal lines of business include transmission and distribution of electricity and the sale of and/or transportation of natural gas. Duke Energy Ohio also generates and sells power into wholesale energy markets. 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), Kentucky Public Service Commission (KPSC) and FERC. Duke Energy Ohio applies regulatory accounting to a portion of its operations. | |||||||||||||||||||||||||||
Duke Energy Indiana is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and the FERC. Substantially all of Duke Energy Indiana's operations qualify for regulatory accounting. | |||||||||||||||||||||||||||
Certain prior year amounts have been reclassified to conform to the current year presentation. | |||||||||||||||||||||||||||
Other Current and Non-Current Assets and Liabilities | |||||||||||||||||||||||||||
Other within Current Assets includes the current portion of deferred tax assets, which are disclosed in Note 22. Additionally, the following are included in Other within Current Assets or Current Liabilities in the Consolidated Balance Sheets of the Duke Energy Registrants at December 31, 2013 and 2012. The amounts presented exceeded 5 percent of current assets or 5 percent of current liabilities unless otherwise noted. | |||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||
(in millions) | Location | 2013 | 2012 | ||||||||||||||||||||||||
Duke Energy | |||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | $ | 621 | $ | 725 | ||||||||||||||||||||||
Duke Energy Carolinas | |||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | $ | 198 | $ | 203 | ||||||||||||||||||||||
Collateral liabilities | Current Liabilities | 120 | 105 | ||||||||||||||||||||||||
Progress Energy | |||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 349 | $ | 342 | ||||||||||||||||||||||
Accrued compensation | Current Liabilities | 214 | 304 | ||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 221 | ||||||||||||||||||||||||
Duke Energy Progress | |||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 129 | $ | 120 | ||||||||||||||||||||||
Accrued compensation | Current Liabilities | 121 | 160 | ||||||||||||||||||||||||
Duke Energy Florida | |||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 220 | $ | 222 | ||||||||||||||||||||||
Accrued compensation | Current Liabilities | 65 | 95 | ||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 127 | ||||||||||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||||||||
Collateral assets | Current Assets | $ | 122 | $ | 99 | ||||||||||||||||||||||
Duke Energy Indiana | |||||||||||||||||||||||||||
Federal income taxes receivable | Current Assets | $ | 56 | $ | — | ||||||||||||||||||||||
Accrued compensation(a) | Current Liabilities | 25 | 23 | ||||||||||||||||||||||||
Collateral liabilities(a) | Current Liabilities | 40 | 37 | ||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 63 | ||||||||||||||||||||||||
(a) | Does not exceed 5 percent of Total current liabilities on the Consolidated Balance Sheets at December 31, 2012. | ||||||||||||||||||||||||||
Preferred Stock | |||||||||||||||||||||||||||
In March 2013, Duke Energy Progress and Duke Energy Florida redeemed all series of their outstanding preferred stock at prices ranging from $101.00 to $110.00 per share for Duke Energy Progress and $101.00 to $104.25 per share for Duke Energy Florida plus accrued dividends for all series. Duke Energy Progress and Duke Energy Florida redeemed the shares for $62 million and $34 million, respectively. | |||||||||||||||||||||||||||
Discontinued Operations | |||||||||||||||||||||||||||
For the year ended December 31, 2013, Duke Energy's and Progress Energy's Income From Discontinued Operations, net of tax was primarily due to tax benefits related to prior sales of diversified businesses. For the year ended December 31, 2012, Duke Energy's and Progress Energy's Income From Discontinued Operations, net of tax was primarily related to resolution of litigation associated with Progress Energy's former synthetic fuel operations and reversal of certain environmental indemnification liabilities for which the indemnification period expired during 2012. See Note 5 for more information regarding the former synthetic fuel operations. | |||||||||||||||||||||||||||
Amounts Attributable to Controlling Interests | |||||||||||||||||||||||||||
Income From Discontinued Operations, net of tax presented on the respective Consolidated Statements of Operations for Duke Energy and Progress Energy is attributable to controlling interests for all periods presented. Other comprehensive income presented on Progress Energy's Consolidated Statements of Operations and Comprehensive Income are attributable to controlling interests for all periods presented. | |||||||||||||||||||||||||||
Significant Accounting Policies | |||||||||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||||||||
In preparing financial statements that conform to generally accepted accounting principles (GAAP) in the U.S., the Duke Energy Registrants 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. | |||||||||||||||||||||||||||
Regulatory Accounting | |||||||||||||||||||||||||||
The majority of the Duke Energy Registrants' operations are subject to price regulation for the sale of electricity and gas by state utility commissions or FERC. When prices are set on the basis of specific costs of the regulated operations and an effective franchise is in place such that sufficient gas or electric services can be sold to recover those costs, the Duke Energy Registrants apply regulatory accounting. Regulatory accounting changes the timing of the recognition of costs or revenues relative to a company that does not apply regulatory accounting. As a result, Regulatory assets and Regulatory liabilities are recognized on the Consolidated Balance Sheets. Regulatory assets and liabilities are amortized consistent with the treatment of the related cost in the ratemaking process. See Note 4 for further information. | |||||||||||||||||||||||||||
Regulated Fuel Costs and Purchased Power | |||||||||||||||||||||||||||
The Duke Energy Registrants utilize cost-tracking mechanisms, commonly referred to as fuel adjustment clauses. These clauses allow for the recovery of fuel and fuel-related costs and portions of purchased power costs through surcharges on customer rates. The difference between the costs incurred and the surcharge revenues is recorded as an adjustment to Fuel used in electric generation and purchased power — regulated or Operating Revenues – Regulated electric on the Consolidated Statements of Operations with an off-setting impact on regulatory assets or liabilities. | |||||||||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||||||||
All highly liquid investments with maturities of three months or less at the date of acquisition are considered cash equivalents. At December 31, 2013, $1,086 million of Duke Energy's total cash and cash equivalents is held by entities domiciled in foreign jurisdictions and is forecasted to be used to fund international operations and investments. | |||||||||||||||||||||||||||
Restricted Cash | |||||||||||||||||||||||||||
The Duke Energy Registrants have restricted cash related primarily to collateral assets, escrow deposits, and variable interest entities (VIEs). Restricted cash balances are reflected in Other within Current Assets and in Other within Investments and Other Assets on the Consolidated Balance Sheets. At December 31, 2013 and 2012, Duke Energy had restricted cash totaling $307 million and $574 million, respectively. | |||||||||||||||||||||||||||
Inventory | |||||||||||||||||||||||||||
Inventory is used for operations and is recorded primarily using the average cost method. Inventory related to regulated operations is valued at historical cost. Inventory related to nonregulated operations is valued at the lower of cost or market. Materials and supplies are recorded as inventory when purchased and subsequently charged to expense or capitalized to property, plant and equipment when installed. Reserves are established for excess and obsolete inventory. The components of inventory are presented in the tables below. | |||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||
Materials and supplies | $ | 1,901 | $ | 654 | $ | 854 | $ | 567 | $ | 287 | $ | 117 | $ | 193 | |||||||||||||
Coal held for electric generation | 1,018 | 374 | 334 | 187 | 147 | 65 | 238 | ||||||||||||||||||||
Oil, gas and other fuel held for electric generation | 331 | 37 | 236 | 99 | 137 | 47 | 3 | ||||||||||||||||||||
Total inventory | $ | 3,250 | $ | 1,065 | $ | 1,424 | $ | 853 | $ | 571 | $ | 229 | $ | 434 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||
Materials and supplies | $ | 1,691 | $ | 535 | $ | 768 | $ | 499 | $ | 269 | $ | 135 | $ | 161 | |||||||||||||
Coal held for electric generation | 1,187 | 488 | 392 | 232 | 160 | 82 | 216 | ||||||||||||||||||||
Oil, gas and other fuel held for electric generation | 345 | 39 | 281 | 97 | 184 | 10 | 3 | ||||||||||||||||||||
Total inventory | $ | 3,223 | $ | 1,062 | $ | 1,441 | $ | 828 | $ | 613 | $ | 227 | $ | 380 | |||||||||||||
Investments in Debt and Equity Securities | |||||||||||||||||||||||||||
The Duke Energy Registrants classify investments into two categories — trading and available-for-sale. Both categories are recorded at fair value on the Consolidated Balance Sheets. Realized and unrealized gains and losses on trading securities are included in earnings. For certain investments of regulated operations such as the Nuclear Decommissioning Trust Fund (NDTF), realized and unrealized gains and losses (including any other-than-temporary impairments) on available-for-sale securities are recorded as a regulatory asset or liability. Otherwise, unrealized gains and losses are included in Accumulated Other Comprehensive Income (AOCI), unless other-than-temporarily impaired. Other-than-temporary impairments for equity securities and the credit loss portion of debt securities of nonregulated operations are included in earnings. Investments in debt and equity securities are classified as either current or noncurrent based on management's intent and ability to sell these securities, taking into consideration current market liquidity. See Note 15 for further information. | |||||||||||||||||||||||||||
Goodwill and Intangible Assets | |||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||
Duke Energy, Progress Energy and Duke Energy Ohio perform annual goodwill impairment tests as of August 31 each year at the reporting unit level, which is determined to be an operating segment or one level below. Duke Energy, Progress Energy and Duke Energy Ohio update these tests 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. | |||||||||||||||||||||||||||
In 2012, Progress Energy changed its goodwill impairment testing date from October 31 to August 31 to better align its annual goodwill impairment testing procedure with those of Duke Energy. The change had no impact on goodwill. Neither the change in the goodwill impairment testing date nor the merger resulted in any changes to the Progress Energy reporting units. | |||||||||||||||||||||||||||
Intangible Assets | |||||||||||||||||||||||||||
Intangible assets are included in Other in Investments and Other Assets on the Consolidated Balance Sheets. Generally, intangible assets are amortized using an amortization method that reflects the pattern in which the economic benefits of the intangible asset are consumed, or on a straight-line basis if that pattern is not readily determinable. Amortization of intangibles is reflected in Depreciation and amortization in the Consolidated Statements of Operations. Intangible assets are subject to impairment testing and if impaired, the carrying value is accordingly reduced. | |||||||||||||||||||||||||||
Emission allowances permit the holder of the allowance to emit certain gaseous by-products of fossil fuel combustion, including sulfur dioxide (SO2) and nitrogen oxide (NOx). Allowances are issued by the U.S. Environmental Protection Agency (EPA) at zero cost and may also be bought and sold via third-party transactions. Allowances allocated to or acquired by the Duke Energy Registrants are held primarily for consumption. Carrying amounts for emission allowances are based on the cost to acquire the allowances or, in the case of a business combination, on the fair value assigned in the allocation of the purchase price of the acquired business. | |||||||||||||||||||||||||||
Renewable energy certificates are used to measure compliance with renewable energy standards and are held primarily for consumption. | |||||||||||||||||||||||||||
See Note 11 for further information. | |||||||||||||||||||||||||||
Long-Lived Asset Impairments | |||||||||||||||||||||||||||
The Duke Energy Registrants evaluate long-lived assets, excluding goodwill, for impairment when circumstances indicate the carrying value of those assets may not be recoverable. An impairment exists when a long-lived asset's carrying value exceeds the estimated undiscounted cash flows expected to result from the use and eventual disposition of the asset. The estimated cash flows may be based on alternative expected outcomes that are probability weighted. If the carrying value of the long-lived asset is not recoverable based on these estimated future undiscounted cash flows, the carrying value of the asset is written-down to its then-current estimated fair value and an impairment charge is recognized. | |||||||||||||||||||||||||||
The Duke Energy Registrants assess fair value of long-lived assets using various methods, including recent comparable third-party sales, internally developed discounted cash flow analysis and analysis from outside advisors. Significant changes in commodity prices, the condition of an asset or management's interest in selling the asset are generally viewed as triggering events to re-assess cash flows. See Note 11 for further information. | |||||||||||||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||||||||||||
Property, plant and equipment are stated at the lower of depreciated historical cost net of any disallowances or fair value, if impaired. The Duke Energy Registrants capitalize all construction-related direct labor and material costs, as well as indirect construction costs such as general engineering, taxes and financing costs. See “Allowance for Funds Used During Construction (AFUDC) and Interest Capitalized” for information on capitalized financing costs. Costs of renewals and betterments that extend the useful life of property, plant and equipment are also capitalized. The cost of repairs, replacements and major maintenance projects, which do not extend the useful life or increase the expected output of the asset, are expensed as incurred. Depreciation is generally computed over the estimated useful life of the asset using the composite straight-line method. Depreciation studies are conducted periodically to update composite rates and are approved by state utility commissions and/or the FERC when required. The composite weighted-average depreciation rates, excluding nuclear fuel, are included in the table that follows. | |||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||
Duke Energy | 2.8 | % | 2.9 | % | 3.2 | % | |||||||||||||||||||||
Duke Energy Carolinas | 2.8 | % | 2.8 | % | 2.6 | % | |||||||||||||||||||||
Progress Energy | 2.5 | % | 2.6 | % | 2.3 | % | |||||||||||||||||||||
Duke Energy Progress | 2.5 | % | 2.7 | % | 2.1 | % | |||||||||||||||||||||
Duke Energy Florida | 2.4 | % | 2.5 | % | 2.4 | % | |||||||||||||||||||||
Duke Energy Ohio | 3.3 | % | 3.2 | % | 3.5 | % | |||||||||||||||||||||
Duke Energy Indiana | 2.8 | % | 3.3 | % | 3.4 | % | |||||||||||||||||||||
In general, when the Duke Energy Registrants retire regulated property, plant and equipment, original cost plus the cost of retirement, less salvage value, is charged to accumulated depreciation. However, when it becomes probable a regulated asset will be retired substantially in advance of its original expected useful life or is abandoned, the cost of the asset and the corresponding accumulated depreciation is recognized as a separate asset. If the asset is still in operation, the net amount is classified as Generation facilities to be retired, net on the Consolidated Balance Sheets. If the asset is no longer operating, the net amount is classified in Regulatory Assets on the Consolidated Balance Sheets. The carrying value of the asset is based on historical cost if the Duke Energy Registrants are allowed to recover the remaining net book value and a return equal to at least the incremental borrowing rate. If not, an impairment is recognized to the extent the net book value of the asset exceeds the present value of future revenues discounted at the incremental borrowing rate. | |||||||||||||||||||||||||||
When the Duke Energy Registrants sell entire regulated operating units, or retire or sell nonregulated properties, the original cost and accumulated depreciation and amortization balances are removed from Property, Plant and Equipment on the Consolidated Balance Sheets. Any gain or loss is recorded in earnings, unless otherwise required by the applicable regulatory body. | |||||||||||||||||||||||||||
See Note 10 for further information. | |||||||||||||||||||||||||||
Nuclear Fuel | |||||||||||||||||||||||||||
Nuclear fuel is classified as Property, Plant and Equipment on the Consolidated Balance Sheets. Nuclear fuel in the front-end fuel processing phase is considered work in progress and not amortized until placed in service. Amortization of nuclear fuel is included within Fuel used in electric generation and purchased power – regulated in the Consolidated Statements of Operations. Amortization is recorded using the units-of-production method. | |||||||||||||||||||||||||||
Allowance for Funds Used During Construction (AFUDC) and Interest Capitalized | |||||||||||||||||||||||||||
For regulated operations, the debt and equity costs of financing the construction of property, plant and equipment are reflected as AFUDC and capitalized as a component of the cost of property, plant and equipment. AFUDC equity is reported on the Consolidated Statements of Operations as non-cash income in Other income and expenses, net. AFUDC debt is reported as a non-cash offset to Interest Expense. After construction is completed, the Duke Energy Registrants are permitted to recover these costs through their inclusion in rate base and the corresponding subsequent depreciation or amortization of those regulated assets. | |||||||||||||||||||||||||||
AFUDC equity, a permanent difference for income taxes, reduces the effective tax rate when capitalized and increases the effective tax rate when depreciated or amortized. See Note 22 for additional information. | |||||||||||||||||||||||||||
For nonregulated operations, interest is capitalized during the construction phase with an offsetting non-cash credit to Interest Expense on the Consolidated Statements of Operations. | |||||||||||||||||||||||||||
Asset Retirement Obligations | |||||||||||||||||||||||||||
Asset retirement obligations are recognized for legal obligations associated with the retirement of property, plant and equipment. Substantially all asset retirement obligations are related to regulated operations. When recording an asset retirement obligation, the present value of the projected liability is recognized in the period in which it is incurred, if a reasonable estimate of fair value can be made. The liability is accreted over time. The present value of the liability is added to the cost of the associated asset and depreciated over the remaining life of the asset. | |||||||||||||||||||||||||||
The present value of the initial obligation and subsequent updates are based on discounted cash flows, which include estimates regarding timing of future cash flows, selection of discount rates and cost escalation rates, among other factors. These estimates are subject to change. Depreciation expense is adjusted prospectively for any changes to the carrying amount of the associated asset. The Duke Energy Registrants receive amounts to fund the cost of the asset retirement obligation for regulated operations through a combination of regulated revenues and NDTF. As a result, the net of amounts recovered in regulated revenues, earnings on the NDTF, accretion expense and depreciation of the associated asset is deferred as a regulatory asset or liability. | |||||||||||||||||||||||||||
Obligations for nuclear decommissioning are based on site-specific cost studies. Duke Energy Carolinas and Duke Energy Progress assume prompt dismantlement of the nuclear facilities after operations are ceased. Duke Energy Florida assumes Crystal River Nuclear Station – Unit 3 (Crystal River Unit 3) will be placed into a safe storage configuration until eventual dismantlement begins in approximately 60 years. Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida also assume that spent fuel will be stored on site until such time that it can be transferred to a U.S. Department of Energy (DOE) facility. | |||||||||||||||||||||||||||
See Note 9 for further information. | |||||||||||||||||||||||||||
Revenue Recognition and Unbilled Revenue | |||||||||||||||||||||||||||
Revenues on sales of electricity and gas are recognized when service is provided. Unbilled revenues are recognized by applying customer billing rates to the estimated volumes of energy delivered but not yet billed. Unbilled revenues can vary significantly from period to period as a result of seasonality, weather, customer usage patterns and meter reading schedules. | |||||||||||||||||||||||||||
Unbilled revenues are included within Receivables and Restricted receivables of variable interest entities on the Consolidated Balance Sheets as shown in the following table. | |||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||||||
Duke Energy | $ | 937 | $ | 920 | |||||||||||||||||||||||
Duke Energy Carolinas | 323 | 315 | |||||||||||||||||||||||||
Progress Energy | 189 | 187 | |||||||||||||||||||||||||
Duke Energy Progress | 120 | 112 | |||||||||||||||||||||||||
Duke Energy Florida | 69 | 74 | |||||||||||||||||||||||||
Duke Energy Ohio | 55 | 47 | |||||||||||||||||||||||||
Duke Energy Indiana | 5 | 3 | |||||||||||||||||||||||||
Additionally, Duke Energy Ohio and Duke Energy Indiana sell, on a revolving basis, nearly all of their retail and wholesale accounts receivable, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 17 for further information. These receivables for unbilled revenues are shown in the table below. | |||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||||||
Duke Energy Ohio | $ | 89 | $ | 90 | |||||||||||||||||||||||
Duke Energy Indiana | 144 | 132 | |||||||||||||||||||||||||
Allowance for Doubtful Accounts | |||||||||||||||||||||||||||
Allowances for doubtful accounts are presented in the following table. | |||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
Allowance for Doubtful Accounts | |||||||||||||||||||||||||||
Duke Energy | $ | 30 | $ | 34 | $ | 35 | |||||||||||||||||||||
Duke Energy Carolinas | 3 | 3 | 3 | ||||||||||||||||||||||||
Progress Energy | 14 | 16 | 27 | ||||||||||||||||||||||||
Duke Energy Progress | 10 | 9 | 9 | ||||||||||||||||||||||||
Duke Energy Florida | 4 | 7 | 18 | ||||||||||||||||||||||||
Duke Energy Ohio | 2 | 2 | 16 | ||||||||||||||||||||||||
Duke Energy Indiana | 1 | 1 | 1 | ||||||||||||||||||||||||
Allowance for Doubtful Accounts - VIEs | |||||||||||||||||||||||||||
Duke Energy | $ | 43 | $ | 44 | $ | 40 | |||||||||||||||||||||
Duke Energy Carolinas | 6 | 6 | 6 | ||||||||||||||||||||||||
Derivatives and Hedging | |||||||||||||||||||||||||||
Derivative and non-derivative instruments may be used in connection with commodity price, interest rate and foreign currency risk management activities, including swaps, futures, forwards and options. All derivative instruments except those that qualify for the normal purchase/normal sale (NPNS) exception are recorded on the Consolidated Balance Sheets at their fair value. Qualifying derivative instruments may be designated as either cash flow hedges or fair value hedges. Other derivative instruments (undesignated contracts) either have not been designated or do not qualify as hedges. The effective portion of the change in the fair value of cash flow hedges is recorded in AOCI. The effective portion of the change in the fair value of a fair value hedge is offset in net income by changes in the hedged item. For activity subject to regulatory accounting, gains and losses on derivative contracts are reflected as regulatory assets or liabilities and not as other comprehensive income or current period income. As a result, changes in fair value of these derivatives have no immediate earnings impact. | |||||||||||||||||||||||||||
Formal documentation, including transaction type and risk management strategy, is maintained for all contracts accounted for as a hedge. At inception and at least every three months thereafter, the hedge contract is assessed to see if it is highly effective in offsetting changes in cash flows or fair values of hedged items. | |||||||||||||||||||||||||||
See Note 14 for further information. | |||||||||||||||||||||||||||
Captive Insurance Reserves | |||||||||||||||||||||||||||
Duke Energy has captive insurance subsidiaries that provide coverage, on an indemnity basis, to the Subsidiary Registrants as well as certain third parties, on a limited basis, for various business risks and losses, such as property, workers' compensation and general liability. Liabilities include provisions for estimated losses incurred but not yet reported (IBNR), as well as estimated provisions for known claims. IBNR reserve estimates are primarily based upon historical loss experience, industry data and other actuarial assumptions. Reserve estimates are adjusted in future periods as actual losses differ from experience. | |||||||||||||||||||||||||||
Duke Energy, through its captive insurance entities, also has reinsurance coverage with third parties for certain losses above a per occurrence and/or aggregate retention. Receivables for reinsurance coverage are recognized when realization is deemed probable. | |||||||||||||||||||||||||||
Unamortized Debt Premium, Discount and Expense | |||||||||||||||||||||||||||
Premiums, discounts and expenses incurred with the issuance of outstanding long-term debt are amortized over the term of the debt issue. Call premiums and unamortized expenses associated with refinancing higher-cost debt obligations used to finance regulated assets are amortized. Amortization expense is recorded as Interest Expense in the Consolidated Statements of Operations and is reflected as Depreciation, amortization and accretion within Net cash provided by operating activities on the Consolidated Statements of Cash Flows. | |||||||||||||||||||||||||||
Loss Contingencies and Environmental Liabilities | |||||||||||||||||||||||||||
Contingent losses are recorded when it is probable a loss has occurred and can be reasonably estimated. When a range of the probable loss exists and no amount within the range is a better estimate than any other amount, the minimum amount in the range is recorded. Unless otherwise required by GAAP, legal fees are expensed as incurred. | |||||||||||||||||||||||||||
Environmental liabilities are recorded on an undiscounted basis when environmental remediation or other liabilities becomes probable and can be reasonably estimated. Environmental expenditures related to past operations that do not generate current or future revenues are expensed. Environmental expenditures related to operations that generate current or future revenues are expensed or capitalized, as appropriate. Certain environmental expenditures receive regulatory accounting treatment and are recorded as regulatory assets. | |||||||||||||||||||||||||||
See Notes 4 and 5 for further information. | |||||||||||||||||||||||||||
Pension and Other Post-Retirement Benefit Plans | |||||||||||||||||||||||||||
Duke Energy maintains qualified, non-qualified and other post-retirement benefit plans. Eligible employees of the Subsidiary Registrants participate in the respective qualified, non-qualified and other post-retirement benefit plans and are allocated their proportionate share of benefit costs. See Note 21 for further information, including significant accounting policies associated with these plans. | |||||||||||||||||||||||||||
Severance and Special Termination Benefits | |||||||||||||||||||||||||||
Duke Energy has an ongoing severance plan under which, in general, the longer a terminated employee worked prior to termination the greater the amount of severance benefits. A liability for involuntary severance is recorded once an involuntary severance plan is committed to by management, or sooner, if involuntary severances are probable and can be reasonably estimated. For involuntary severance benefits incremental to its ongoing severance plan benefits, the fair value of the obligation is expensed at the communication date if there are no future service requirements, or over the required future service period. From time to time, Duke Energy offers special termination benefits under voluntary severance programs. Special termination benefits are recorded immediately upon employee acceptance absent a significant retention period. Otherwise, the cost is recorded over the remaining service period. Employee acceptance of voluntary severance benefits is determined by management based on the facts and circumstances of the benefits being offered. See Note 19 for further information. | |||||||||||||||||||||||||||
Guarantees | |||||||||||||||||||||||||||
Liabilities are recognized at the time of issuance or material modification of a guarantee for the estimated fair value of the obligation it assumes. Fair value is estimated using a probability-weighted approach. The obligation is reduced over the term of the guarantee or related contract in a systematic and rational method as risk is reduced. Any additional contingent loss for guarantee contracts subsequent to the initial recognition of a liability is accounted for and recognized at the time a loss is probable and can be reasonably estimated. See Note 7 for further information. | |||||||||||||||||||||||||||
Stock-Based Compensation | |||||||||||||||||||||||||||
Stock-based compensation represents costs related to stock-based awards granted to employees. Duke Energy recognizes stock-based compensation based upon the estimated fair value of awards, net of estimated forfeitures at the date of issuance. The recognition period for these costs begin at either the applicable service inception date or grant date and continues throughout the requisite service period, or for certain share-based awards until the employee becomes retirement eligible, if earlier. Compensation cost is recognized as expense or capitalized as a component of property, plant and equipment. See Note 20 for further information. | |||||||||||||||||||||||||||
Income Taxes | |||||||||||||||||||||||||||
Duke Energy and its subsidiaries file a consolidated federal income tax return and other state and foreign jurisdictional returns. The Subsidiary Registrants entered into a tax-sharing agreement with Duke Energy and income taxes recorded represent amounts the Subsidiary Registrants would incur as separate C-Corporations. Deferred income taxes have been provided for temporary differences between GAAP and tax bases of assets and liabilities because the differences create taxable or tax-deductible amounts for future periods. Deferred taxes are not provided on translation gains and losses when earnings of a foreign operation are expected to be indefinitely reinvested. Investment tax credits (ITC) associated with regulated operations are deferred and amortized as a reduction of income tax expense over the estimated useful lives of the related properties. | |||||||||||||||||||||||||||
Positions taken or expected to be taken on tax returns, including the decision to exclude certain income or transactions from a return, are recognized in the financial statements when it is more likely than not the tax position can be sustained based solely on the technical merits of the position. The largest amount of tax benefit that is greater than 50 percent likely of being effectively settled is recorded. Management considers a tax position effectively settled when: (i) the taxing authority has completed its examination procedures, including all appeals and administrative reviews; (ii) the Duke Energy Registrants do not intend to appeal or litigate the tax position included in the completed examination; and (iii) it is remote the taxing authority would examine or re-examine the tax position. The amount of a tax return position that is not recognized in the financial statements is disclosed as an unrecognized tax benefit. These unrecognized tax benefits may impact the financial statements through increasing income taxes payable, reducing income tax refunds receivable or changing deferred taxes. | |||||||||||||||||||||||||||
Tax-related interest and penalties are recorded in Interest Expense and Other Income and Expenses, net, in the Consolidated Statements of Operations. | |||||||||||||||||||||||||||
See Note 22 for further information. | |||||||||||||||||||||||||||
Accounting for Renewable Energy Tax Credits and Grants | |||||||||||||||||||||||||||
When Duke Energy elects either an ITC or a cash grant on wind or solar facilities, it reduces the basis of the property recorded on the Consolidated Balance Sheets by the amount of the ITC or cash grant and, therefore, the ITC or grant benefit is recognized through reduced depreciation expense. Additionally, certain tax credits and government grants received provide for initial tax depreciable base in excess of the book carrying value equal to one half of the ITC or government grant. Deferred tax benefits are recorded as a reduction to income tax expense in the period that the basis difference is created. | |||||||||||||||||||||||||||
Excise Taxes | |||||||||||||||||||||||||||
Certain excise taxes levied by state or local governments are required to be paid even if not collected from the customer. These taxes are recognized on a gross basis. Otherwise, the taxes are accounted for net. Excise taxes accounted for on a gross basis as Property and other taxes in the Consolidated Statements of Operations were as follows. | |||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
Duke Energy | $ | 602 | $ | 466 | $ | 293 | |||||||||||||||||||||
Duke Energy Carolinas | 164 | 161 | 153 | ||||||||||||||||||||||||
Progress Energy | 304 | 317 | 315 | ||||||||||||||||||||||||
Duke Energy Progress | 115 | 113 | 110 | ||||||||||||||||||||||||
Duke Energy Florida | 189 | 205 | 205 | ||||||||||||||||||||||||
Duke Energy Ohio | 105 | 102 | 109 | ||||||||||||||||||||||||
Duke Energy Indiana | 29 | 33 | 31 | ||||||||||||||||||||||||
On July 23, 2013, North Carolina House Bill 998 (HB 998) was signed into law. HB 998 repeals the utility franchise tax effective July 1, 2014. The utility franchise tax was 3.22 percent gross receipts tax on sales of electricity. The result of this change in law will be an annual reduction in excise taxes of approximately $160 million for Duke Energy Carolinas and approximately $110 million for Duke Energy Progress. HB 998 also increases sales tax on electricity from 3 percent to 7 percent effective July 1, 2014. HB 998 requires the NCUC to adjust retail electric rates for the elimination of the utility franchise tax, changes due to the increase in sales tax on electricity, and the resulting change in liability of utility companies under the general franchise tax. | |||||||||||||||||||||||||||
Foreign Currency Translation | |||||||||||||||||||||||||||
The local currencies of most of Duke Energy's foreign operations have been determined to be their functional currencies. However, certain foreign operations' functional currency has been determined to be the U.S. Dollar, based on an assessment of the economic circumstances of the foreign operation. Assets and liabilities of foreign operations whose functional currency is not the U.S. Dollar, are translated into U.S. Dollars at the exchange rates in effect at period end. Translation adjustments resulting from changes in exchange rates are included in AOCI. Revenue and expense accounts are translated at average exchange rates during the year. Gains and losses arising from balances and transactions denominated in currencies other than the local currency are included in the results of operations when they occur. | |||||||||||||||||||||||||||
Dividend Restrictions and Unappropriated Retained Earnings | |||||||||||||||||||||||||||
Duke Energy does not have any legal, regulatory or other restrictions on paying common stock dividends to shareholders. However, as further described in Note 4, due to conditions established by regulators in conjunction with merger transaction approvals, Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana have restrictions on paying dividends or otherwise advancing funds to Duke Energy. At December 31, 2013 and 2012, an insignificant amount of Duke Energy's consolidated Retained earnings balance represents undistributed earnings of equity method investments. | |||||||||||||||||||||||||||
New Accounting Standards | |||||||||||||||||||||||||||
The new accounting standards that were adopted for 2013, 2012 and 2011 had no significant impact on the presentation or results of operations, cash flows or financial position of the Duke Energy Registrants. Disclosures have been enhanced to provide a discussion and tables on derivative contracts subject to enforceable master netting agreements and a table of quantitative disclosures about unobservable inputs. See Notes 14 and 16 for further information. | |||||||||||||||||||||||||||
There are no Accounting Standards Updates that have been issued but not yet adopted as of December 31, 2013, that are expected to significantly impact the presentation or results of operations, cash flows or financial position or disclosures of the Duke Energy Registrants. |
Acquisitions_Dispositions_and_
Acquisitions, Dispositions and Sales of Other Assets | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Acquisitions And Sales Of Other Assets [Abstract] | ' | |||||||||||||||||||||
Acquisitions, Dispositions And Sales Of Other Assets | ' | |||||||||||||||||||||
2. ACQUISITIONS, DISPOSITIONS AND SALES OF OTHER ASSETS | ||||||||||||||||||||||
ACQUISITIONS | ||||||||||||||||||||||
The Duke Energy Registrants consolidate assets and liabilities from acquisitions as of the purchase date, and include earnings from acquisitions in consolidated earnings after 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. | ||||||||||||||||||||||
The merger between Duke Energy and Progress Energy provides increased scale and diversity with potentially enhanced access to capital over the long term and a greater ability to undertake the significant construction programs necessary to respond to increasing environmental regulation, plant retirements and customer demand growth. Duke Energy's business risk profile is expected to improve over time due to the increased proportion of the business that is regulated. Additionally, cost savings, efficiencies and other benefits are expected from the combined operations. | ||||||||||||||||||||||
Purchase Price | ||||||||||||||||||||||
Total consideration transferred was based on the closing price of Duke Energy common shares on July 2, 2012, and was calculated as shown in the following table. | ||||||||||||||||||||||
(dollars in millions, except per share amounts; shares in thousands) | ||||||||||||||||||||||
Progress Energy common shares outstanding at July 2, 2012 | 296,116 | |||||||||||||||||||||
Exchange ratio | 0.87083 | |||||||||||||||||||||
Duke Energy common shares issued for Progress Energy common shares outstanding | 257,867 | |||||||||||||||||||||
Closing price of Duke Energy common shares on July 2, 2012 | $ | 69.84 | ||||||||||||||||||||
Purchase price for common stock | $ | 18,009 | ||||||||||||||||||||
Fair value of outstanding earned stock compensation awards | 62 | |||||||||||||||||||||
Total purchase price | $ | 18,071 | ||||||||||||||||||||
Progress Energy's stock-based compensation awards, including performance shares and restricted stock, were replaced with Duke Energy awards upon consummation of the merger. In accordance with accounting guidance for business combinations, a portion of the fair value of these awards is included in the purchase price as it represents consideration transferred in the merger. | ||||||||||||||||||||||
Purchase Price Allocation | ||||||||||||||||||||||
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. Estimates and assumptions include the projected timing and amount of future cash flows, discount rates reflecting risk inherent in future cash flows, and future market prices. | ||||||||||||||||||||||
Additionally the February 5, 2013 announcement of the decision to retire 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 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. 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 other post-retirement benefits (OPEB) plans, and the wholesale portion of Crystal River Unit 3, fair values of tangible and intangible assets and liabilities subject to these rate-setting provisions approximate their carrying values. Accordingly, assets acquired and liabilities assumed and pro forma financial information do not reflect any net adjustments related to these amounts. The difference between fair value and pre-merger carrying amounts for long-term debt, asset retirement obligations, capital leases and pension and OPEB plans for regulated operations were recorded as Regulatory assets. | ||||||||||||||||||||||
The excess of purchase price over 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 long-term potential for enhanced access to capital as a result of increased scale and diversity, opportunities for synergies, and an improved risk profile. Goodwill resulting from the merger was allocated entirely to the Regulated Utilities 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 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 | 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 preliminary fair values of assets acquired and liabilities assumed as of 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 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 purchase accounting adjustments recorded to earnings during the year ended December 31, 2013, or for the six months ended December 31, 2012. | ||||||||||||||||||||||
Pro Forma Financial Information | ||||||||||||||||||||||
The following unaudited pro forma financial information reflects the consolidated results of operations of Duke Energy and 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 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 period have been excluded from pro forma earnings presented below. After-tax non-recurring merger consummation, integration and other costs incurred by both Duke Energy and Progress Energy were $413 million and $85 million for the years ended 2012 and 2011, respectively. The pro forma financial information also excludes potential future cost savings or non-recurring charges related to the merger. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions, except per share amounts) | 2012 | 2011 | ||||||||||||||||||||
Revenues | $ | 23,976 | $ | 23,445 | ||||||||||||||||||
Net Income Attributable to Duke Energy Corporation | 2,417 | 2,397 | ||||||||||||||||||||
Basic and Diluted Earnings Per Share | 3.43 | 3.41 | ||||||||||||||||||||
Accounting Charges Related to the Merger Consummation | ||||||||||||||||||||||
The following pretax consummation charges were recognized upon closing of the merger and are included in the Duke Energy Registrants' Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2012. | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
FERC Mitigation | $ | 117 | $ | 46 | $ | 71 | $ | 71 | $ | ― | $ | ― | $ | ― | ||||||||
Severance costs | 196 | 63 | 82 | 55 | 27 | 21 | 18 | |||||||||||||||
Community support, charitable contributions and other | 169 | 79 | 74 | 63 | 11 | 7 | 6 | |||||||||||||||
Total | $ | 482 | $ | 188 | $ | 227 | $ | 189 | $ | 38 | $ | 28 | $ | 24 | ||||||||
FERC Mitigation charges reflect the portion of transmission project costs probable of disallowance, impairment of the carrying value of the generation assets serving Interim FERC Mitigation, and mark-to-market losses recognized on power sale agreements upon closing of the merger. Charges related to transmission projects and impairment of the carrying value of generation assets were recorded within Impairment charges in the Consolidated Statements of Operations. Mark-to-market losses on interim power sale agreements was recorded in Regulated electric operating revenues in the Consolidated Statements of Operations. Subsequent changes in fair value of interim power sale agreements over the life of the contracts and realized gains or losses on interim contract sales are also recorded within Regulated electric operating revenues. The ability to successfully defend future recovery of a portion of transmission projects in rates and any future changes to estimated transmission project costs could impact the amount not expected to be recovered. | ||||||||||||||||||||||
In conjunction with the merger, in November 2011, Duke Energy and Progress Energy each offered a voluntary severance plan (VSP) to certain eligible employees. VSP and other severance costs incurred were recorded primarily within Operation, maintenance and other in the Consolidated Statements of Operations. See Note 19 for further information related to employee severance expenses. | ||||||||||||||||||||||
Community support, charitable contributions and other reflect (i) the unconditional obligation to provide funding at a level comparable to historic practices over the next four years, and (ii) financial and legal advisory costs incurred upon the closing of the merger, retention and relocation costs paid to certain employees. These charges were recorded within Operation, maintenance and other in the Consolidated Statements of Operations. | ||||||||||||||||||||||
Impact of Merger | ||||||||||||||||||||||
The impact of Progress Energy on Duke Energy's revenues and net income attributable to Duke Energy in the Consolidated Statements of Operations for the year ended December 31, 2012 was an increase of $4,943 million and $368 million, respectively. | ||||||||||||||||||||||
Chilean Operations | ||||||||||||||||||||||
In December 2012, Duke 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. Purchase price allocation 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 $8 million of working capital. In connection with the acquisition, a $190 million six-month bridge loan and a $200 million revolving loan under a credit agreement were executed with a commercial bank. Both loans were fully collateralized with cash deposits, and therefore no net proceeds from the financings existed as of December 31, 2012. The $190 million bridge loan was classified in Current maturities of long-term debt and the related cash collateral deposit was classified as Current Assets on the Consolidated Balance Sheets as of December 31, 2012. The revolving loan is classified as Long-term Debt and the related cash collateral deposit is classified as Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||||||
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 the cash collateral related to the six-month bridge loan was returned to Duke Energy. See Note 6 for additional discussion related to the bridge loan conversion. | ||||||||||||||||||||||
Midwest Generation Exit | ||||||||||||||||||||||
On February 17, 2014, Duke Energy Ohio announced that it had initiated a process to exit its nonregulated Midwest generation business. Considering a marketing period of several months and potential regulatory approvals, Duke Energy Ohio expects to dispose of the nonregulated Midwest generation business by early to mid-2015. In the first quarter of 2014, Duke Energy Ohio will reclassify approximately $3.5 billion carrying value of its Midwest generation business to assets held for sale and expects to record an estimated pretax impairment charge of $1 billion to $2 billion to reduce the carrying value to estimated sales proceeds less cost to sell. | ||||||||||||||||||||||
Vermillion Generating Station | ||||||||||||||||||||||
On January 12, 2012, after receiving approvals from the FERC and IURC on August 12, 2011 and December 28, 2011, respectively, Duke Energy Vermillion II, LLC (Duke Energy Vermillion), an indirect wholly owned subsidiary of Duke Energy Ohio, completed the sale of its ownership interest in Vermillion Generating Station (Vermillion) to Duke Energy Indiana and Wabash Valley Power Association (WVPA). Upon closing of the sale, Duke Energy Indiana held a 62.5 percent interest in Vermillion. Duke Energy Ohio received net proceeds of $82 million, of which $68 million was paid by Duke Energy Indiana. Following the transaction, Duke Energy Indiana retired Gallagher Units 1 and 3 effective February 1, 2012. | ||||||||||||||||||||||
As Duke Energy Indiana is an affiliate of Duke Energy Vermillion, the transaction was accounted for as a transfer between entities under common control with no gain or loss recorded and did not have a significant impact to Duke Energy Ohio's or Duke Energy Indiana's results of operations. Proceeds received from Duke Energy Indiana are included in Net proceeds from the sales of other assets on Duke Energy Ohio's Consolidated Statements of Cash Flows. Cash paid to Duke Energy Ohio is included in Capital expenditures on Duke Energy Indiana's Consolidated Statements of Cash Flows. Duke Energy Ohio and Duke Energy Indiana recognized non-cash equity transfers of $28 million and $26 million, respectively, in their Consolidated Statements of Common Stockholder's Equity on the transaction representing the difference between cash exchanged and the net book value of Vermillion. These amounts are not reflected in Duke Energy's Consolidated Statements of Cash Flows or Consolidated Statements of Equity as the transaction is eliminated in consolidation. | ||||||||||||||||||||||
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's and Duke Energy Ohio's Consolidated Statements of Cash Flows. The sale of the proportionate share of Vermillion to WVPA did not result in a significant gain or loss upon close of the transaction. | ||||||||||||||||||||||
Wind Projects Joint Venture | ||||||||||||||||||||||
In April 2012, Duke Energy executed a joint venture agreement with Sumitomo Corporation of America (SCOA). Under 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. 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. DS Cornerstone, LLC was initially consolidated with the sale to SCOA because of a guarantee provided by an indirect wholly owned subsidiary of Duke Energy. With the expiration of the guarantee in 2012, DS Cornerstone, LLC was deconsolidated. | ||||||||||||||||||||||
Sales Of Other Assets | ||||||||||||||||||||||
During 2012, Duke Energy received proceeds of $187 million from the sale of non-core business assets within the Commercial Power segment for which no material gain or loss was recognized. |
Business_Segments
Business Segments | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Business Segments [Abstract] | ' | |||||||||||||||||||||
Business Segments | ' | |||||||||||||||||||||
3. BUSINESS SEGMENTS | ||||||||||||||||||||||
Duke Energy evaluates segment performance based on segment income. Segment income is defined as income from continuing operations net of income attributable to noncontrolling interests. Segment income, as discussed below, includes intercompany revenues and expenses that are eliminated in the Consolidated Financial Statements. | ||||||||||||||||||||||
Operating segments are determined based on information used by the chief operating decision maker in deciding how to allocate resources and evaluate the performance. | ||||||||||||||||||||||
Products and services are sold between affiliate companies and reportable segments of Duke Energy at cost. Segment assets as presented in the tables that follow exclude all intercompany assets. | ||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
Duke Energy has the following reportable operating segments: Regulated Utilities, International Energy and Commercial Power. | ||||||||||||||||||||||
Regulated Utilities conducts operations primarily through Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and the regulated transmission and distribution operations of Duke Energy Ohio. These electric and gas operations are subject to the rules and regulations of the FERC, NCUC, PSCSC, FPSC, PUCO, IURC, and KPSC. Substantially all of Regulated Utilities' operations are regulated and, accordingly, these operations qualify for regulatory accounting treatment. | ||||||||||||||||||||||
International Energy principally operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids outside the U.S. Its activities principally target power generation in Latin America. Additionally, International Energy owns a 25 percent interest in National Methanol Company (NMC), a large regional producer of Methyl tertiary butyl ether (MTBE) located in Saudi Arabia. The investment in NMC is accounted for under the equity method of accounting. | ||||||||||||||||||||||
Commercial Power owns, operates and manages power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants as well as other contractual positions. Commercial Power's generation operations consist primarily of Duke Energy Ohio's coal-fired and gas-fired nonregulated generation assets located in the Midwest region of the U.S. and wind and solar generation located throughout the U.S. The asset portfolio has a diversified fuel mix with baseload and mid-merit coal-fired units as well as combined cycle and peaking natural gas-fired units. In addition, Commercial Power operates and develops transmission projects. | ||||||||||||||||||||||
The remainder of Duke Energy's operations is presented as Other. While it is not an operating segment, Other primarily includes unallocated corporate interest expense, certain unallocated corporate costs, Bison Insurance Company Limited (Bison), Duke Energy's wholly owned, captive insurance subsidiary, and contributions to the Duke Energy Foundation. On December 31, 2013, Duke Energy sold its interest in DukeNet Communications Holdings, LLC (DukeNet) to Time Warner Cable, Inc. See Note 12 for further information. | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
Total | ||||||||||||||||||||||
Regulated | International | Commercial | Reportable | |||||||||||||||||||
(in millions) | Utilities | Energy | Power | Segments | Other | Eliminations | Total | |||||||||||||||
Unaffiliated revenues(a)(b)(c) | $ | 20,871 | $ | 1,546 | $ | 2,106 | $ | 24,523 | $ | 75 | $ | ― | $ | 24,598 | ||||||||
Intersegment revenues | 39 | ― | 39 | 78 | 88 | -166 | ― | |||||||||||||||
Total revenues | $ | 20,910 | $ | 1,546 | $ | 2,145 | $ | 24,601 | $ | 163 | $ | -166 | $ | 24,598 | ||||||||
Interest expense | $ | 986 | $ | 86 | $ | 64 | $ | 1,136 | $ | 417 | $ | -7 | $ | 1,546 | ||||||||
Depreciation and amortization | 2,323 | 100 | 250 | 2,673 | 135 | ― | 2,808 | |||||||||||||||
Equity in earnings of unconsolidated affiliates | -1 | 110 | 7 | 116 | 6 | ― | 122 | |||||||||||||||
Income tax expense (benefit) | 1,522 | 166 | -104 | 1,584 | -323 | ― | 1,261 | |||||||||||||||
Segment income(a)(b)(c)(d)(e)(f)(g) | 2,504 | 408 | -3 | 2,909 | -261 | ― | 2,648 | |||||||||||||||
Add back noncontrolling interest component | 11 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 17 | |||||||||||||||||||||
Net income | $ | 2,676 | ||||||||||||||||||||
Capital investments expenditures and acquisitions | $ | 5,049 | $ | 67 | $ | 268 | $ | 5,384 | $ | 223 | $ | ― | $ | 5,607 | ||||||||
Segment assets | 99,884 | 4,998 | 6,955 | 111,837 | 2,754 | 188 | 114,779 | |||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts Regulated Utilities. 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 Regulated Utilities. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised rates approved by the NCUC and the PSCSC. This increase impacts Regulated Utilities. See Note 4 for additional information about the revised customer rates. | |||||||||||||||||||||
(d) | Regulated Utilities recorded charges related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 charges. | |||||||||||||||||||||
(e) | Regulated Utilities recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. Regulated Utilities also recorded an impairment charge related to Duke Energy Florida's proposed nuclear plant in Levy County, Florida (Levy) site. 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. See Notes 2 and 25 for additional information about the merger and related costs. | |||||||||||||||||||||
(g) | Other includes gain from the sale of Duke Energy's ownership interest in DukeNet. See Note 12 for additional information on the sale of DukeNet. | |||||||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
Total | ||||||||||||||||||||||
Regulated | International | Commercial | Reportable | |||||||||||||||||||
(in millions) | Utilities | Energy | Power | Segments | Other | Eliminations | Total | |||||||||||||||
Unaffiliated revenues | $ | 16,042 | $ | 1,549 | $ | 2,020 | $ | 19,611 | $ | 13 | $ | ― | $ | 19,624 | ||||||||
Intersegment revenues | 38 | ― | 58 | 96 | 47 | -143 | ― | |||||||||||||||
Total revenues | $ | 16,080 | $ | 1,549 | $ | 2,078 | $ | 19,707 | $ | 60 | $ | -143 | $ | 19,624 | ||||||||
Interest expense | $ | 806 | $ | 77 | $ | 63 | $ | 946 | $ | 296 | $ | ― | $ | 1,242 | ||||||||
Depreciation and amortization | 1,827 | 99 | 228 | 2,154 | 135 | ― | 2,289 | |||||||||||||||
Equity in earnings of unconsolidated affiliates | -5 | 134 | 14 | 143 | 5 | ― | 148 | |||||||||||||||
Income tax expense (benefit) | 942 | 149 | -8 | 1,083 | -378 | ― | 705 | |||||||||||||||
Segment income(a)(b) | 1,744 | 439 | 87 | 2,270 | -538 | ― | 1,732 | |||||||||||||||
Add back noncontrolling interest component | 14 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 36 | |||||||||||||||||||||
Net income | $ | 1,782 | ||||||||||||||||||||
Capital investments expenditures and acquisitions | $ | 4,220 | $ | 551 | $ | 1,038 | $ | 5,809 | $ | 149 | $ | ― | $ | 5,958 | ||||||||
Segment assets | 98,162 | 5,406 | 6,992 | 110,560 | 3,126 | 170 | 113,856 | |||||||||||||||
(a) | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. Regulated Utilities 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 19 for additional information about these expenses. | |||||||||||||||||||||
(b) | Other includes after-tax costs to achieve the merger with Progress Energy. See Notes 2 and 25 for additional information about the merger and related costs. | |||||||||||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
Regulated | International | Commercial Power | Total Reportable | |||||||||||||||||||
(in millions) | Utilities | Energy | Energy | Segments(a) | Other | Eliminations | Total | |||||||||||||||
Unaffiliated revenues | $ | 10,586 | $ | 1,467 | $ | 2,480 | $ | 14,533 | $ | -4 | $ | ― | $ | 14,529 | ||||||||
Intersegment revenues | 33 | ― | 11 | 44 | 48 | -92 | ― | |||||||||||||||
Total revenues | $ | 10,619 | $ | 1,467 | $ | 2,491 | $ | 14,577 | $ | 44 | $ | -92 | $ | 14,529 | ||||||||
Interest expense | $ | 568 | $ | 47 | $ | 87 | $ | 702 | $ | 157 | $ | ― | $ | 859 | ||||||||
Depreciation and amortization | 1,383 | 90 | 230 | 1,703 | 103 | ― | 1,806 | |||||||||||||||
Equity in earnings of unconsolidated affiliates | ― | 145 | 6 | 151 | 9 | ― | 160 | |||||||||||||||
Income tax expense (benefit) | 674 | 196 | -2 | 868 | -116 | ― | 752 | |||||||||||||||
Segment income(a)(b) | 1,181 | 466 | 134 | 1,781 | -76 | ― | 1,705 | |||||||||||||||
Add back noncontrolling interest component | 8 | |||||||||||||||||||||
Income from discontinued operations, net of tax | 1 | |||||||||||||||||||||
Net income | $ | 1,714 | ||||||||||||||||||||
Capital investments expenditures and acquisitions | $ | 3,717 | $ | 114 | $ | 492 | $ | 4,323 | $ | 141 | $ | ― | $ | 4,464 | ||||||||
Segment assets | 47,977 | 4,539 | 6,939 | 59,455 | 2,961 | 110 | 62,526 | |||||||||||||||
(a) | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. | |||||||||||||||||||||
(b) | Commercial Power recorded charges to write-down the carrying value of certain emission allowances. See Note 11 for additional information about these charges. | |||||||||||||||||||||
The following table includes information by geographic segment. | ||||||||||||||||||||||
(in millions) | U.S. | Latin America(a) | Consolidated | |||||||||||||||||||
2013 | ||||||||||||||||||||||
Consolidated revenues | $ | 23,053 | $ | 1,545 | $ | 24,598 | ||||||||||||||||
Consolidated long-lived assets | 78,581 | 2,781 | 81,362 | |||||||||||||||||||
2012 | ||||||||||||||||||||||
Consolidated revenues | $ | 18,078 | $ | 1,546 | $ | 19,624 | ||||||||||||||||
Consolidated long-lived assets | 79,144 | 2,467 | 81,611 | |||||||||||||||||||
2011 | ||||||||||||||||||||||
Consolidated revenues | $ | 13,062 | $ | 1,467 | $ | 14,529 | ||||||||||||||||
Consolidated long-lived assets | 45,920 | 2,612 | 48,532 | |||||||||||||||||||
(a) | Change in amounts of long-lived assets in Latin America includes foreign currency translation adjustments on property, plant and equipment and other long-lived asset balances. | |||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
Duke Energy Ohio has two reportable operating segments, Regulated Utilities and Commercial Power. | ||||||||||||||||||||||
Regulated Utilities transmits and distributes electricity in portions of Ohio and generates, distributes and sells electricity in portions of Kentucky. Regulated Utilities also transports and sells natural gas in portions of Ohio and northern Kentucky. It conducts operations primarily through Duke Energy Ohio and its wholly owned subsidiary, Duke Energy Kentucky. | ||||||||||||||||||||||
Commercial Power owns, operates and manages power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants, as well as other contractual positions. | ||||||||||||||||||||||
The remainder of Duke Energy Ohio's operations is presented as Other. While it is not considered an operating segment, Other primarily includes certain governance costs allocated by its parent, Duke Energy. See Note 13 for additional information. All of Duke Energy Ohio's revenues are generated domestically and its long-lived assets are all in the U.S. | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | ||||||||||||||||
Unaffiliated revenues(a) | $ | 1,765 | $ | 1,480 | $ | 3,245 | $ | ― | $ | ― | $ | 3,245 | ||||||||||
Intersegment revenues | ― | 32 | 32 | ― | -32 | ― | ||||||||||||||||
Total revenues | $ | 1,765 | $ | 1,512 | $ | 3,277 | $ | ― | $ | -32 | $ | 3,245 | ||||||||||
Interest expense | $ | 74 | $ | 4 | $ | 78 | $ | ― | $ | ― | $ | 78 | ||||||||||
Depreciation and amortization | 200 | 154 | 354 | ― | ― | 354 | ||||||||||||||||
Income tax expense (benefit) | 91 | -14 | 77 | -2 | ― | 75 | ||||||||||||||||
Segment income/consolidated net income | 151 | -20 | 131 | -29 | ― | 102 | ||||||||||||||||
Capital expenditures | 375 | 58 | 433 | ― | ― | 433 | ||||||||||||||||
Segment assets | 6,649 | 4,170 | 10,819 | 99 | -155 | 10,763 | ||||||||||||||||
(a) | Duke Energy Ohio earned approximately 37 percent of its consolidated operating revenues from PJM Interconnection, LLC (PJM) in 2013, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | |||||||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | ||||||||||||||||
Unaffiliated revenues(a) | $ | 1,745 | $ | 1,407 | $ | 3,152 | $ | ― | $ | ― | $ | 3,152 | ||||||||||
Intersegment revenues | 1 | 51 | 52 | ― | -52 | ― | ||||||||||||||||
Total revenues | $ | 1,746 | $ | 1,458 | $ | 3,204 | $ | ― | $ | -52 | $ | 3,152 | ||||||||||
Interest expense | $ | 61 | $ | 28 | $ | 89 | $ | ― | $ | ― | $ | 89 | ||||||||||
Depreciation and amortization | 179 | 159 | 338 | ― | ― | 338 | ||||||||||||||||
Income tax expense (benefit) | 91 | 25 | 116 | -18 | ― | 98 | ||||||||||||||||
Segment income/consolidated net income | 159 | 50 | 209 | -34 | ― | 175 | ||||||||||||||||
Capital expenditures | 427 | 87 | 514 | ― | ― | 514 | ||||||||||||||||
Segment assets | 6,434 | 4,175 | 10,609 | 117 | -166 | 10,560 | ||||||||||||||||
(a) | Duke Energy Ohio earned approximately 36 percent of its consolidated operating revenues from PJM in 2012, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | |||||||||||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | ||||||||||||||||
Unaffiliated revenues(a) | $ | 1,474 | $ | 1,707 | $ | 3,181 | $ | ― | $ | ― | $ | 3,181 | ||||||||||
Intersegment revenues | ― | 4 | 4 | ― | -4 | ― | ||||||||||||||||
Total revenues | $ | 1,474 | $ | 1,711 | $ | 3,185 | $ | ― | $ | -4 | $ | 3,181 | ||||||||||
Interest expense | $ | 68 | $ | 36 | $ | 104 | $ | ― | $ | ― | $ | 104 | ||||||||||
Depreciation and amortization | 168 | 167 | 335 | ― | ― | 335 | ||||||||||||||||
Income tax expense (benefit) | 98 | 6 | 104 | -8 | ― | 96 | ||||||||||||||||
Segment income/consolidated net income(b) | 133 | 78 | 211 | -17 | ― | 194 | ||||||||||||||||
Capital expenditures | 375 | 124 | 499 | ― | ― | 499 | ||||||||||||||||
Segment assets | 6,293 | 4,740 | 11,033 | 259 | -353 | 10,939 | ||||||||||||||||
(a) | Duke Energy Ohio earned approximately 24 percent of its consolidated operating revenues from PJM in 2011, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | |||||||||||||||||||||
(b) | Commercial Power recorded charges during the year ended December 31, 2011, to write-down the carrying value of certain emission allowances. See Note 11 for additional information. | |||||||||||||||||||||
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, Regulated Utility, which generates, transmits, distributes and sells electricity. The remainder of each company's operations is classified as Other. While not considered a reportable segment for any of these companies, Other consists of certain unallocated corporate costs. Other for Progress Energy also includes interest expense on corporate debt instruments of $300 million, $304 million and $324 million for the years ended December 31, 2013, 2012 and 2011. The following table summarizes the net loss for Other for each of these entities. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Duke Energy Carolinas | $ | -97 | $ | -169 | $ | -46 | ||||||||||||||||
Progress Energy | -241 | -379 | -273 | |||||||||||||||||||
Duke Energy Progress | -46 | -139 | -18 | |||||||||||||||||||
Duke Energy Florida | -24 | -58 | -16 | |||||||||||||||||||
Duke Energy Indiana | -16 | -27 | -12 | |||||||||||||||||||
Duke Energy Progress earned approximately 10 percent of its consolidated operating revenues from North Carolina Electric Membership Corporation (NCEMC) in 2013. These revenues relate to wholesale contracts and transmission revenues. The respective Regulated Utility and Regulated Utilities operating segments own substantially all of Duke Energy Carolinas', Progress Energy's, Duke Energy Progress', Duke Energy Florida's and Duke Energy Indiana's assets at December 31, 2013, 2012 and 2011. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | |||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||
4. REGULATORY MATTERS | ||||||||||||||||||||||
Regulatory Assets and Liabilities | ||||||||||||||||||||||
The Duke Energy Registrants record regulatory assets and liabilities that result from the ratemaking process. See Note 1 for further information. | ||||||||||||||||||||||
The following tables present the regulatory assets and liabilities recorded on the Consolidated Balance Sheets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory Assets | ||||||||||||||||||||||
Accrued pension and OPEB | $ | 1,723 | $ | 347 | $ | 750 | $ | 269 | $ | 438 | $ | 120 | $ | 219 | ||||||||
Retired generation facilities | 1,748 | 68 | 1,619 | 241 | 1,378 | ― | 61 | |||||||||||||||
Debt fair value adjustment | 1,338 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Asset retirement obligations | 1,608 | 123 | 786 | 389 | 397 | ― | ― | |||||||||||||||
Net regulatory asset related to income taxes | 1,115 | 555 | 331 | 113 | 218 | 72 | 157 | |||||||||||||||
Hedge costs and other deferrals | 450 | 98 | 318 | 165 | 153 | 5 | 29 | |||||||||||||||
Demand side management (DSM)/Energy efficiency (EE) | 371 | 140 | 152 | 140 | 12 | 79 | ― | |||||||||||||||
Vacation accrual | 210 | 82 | 55 | 50 | ― | 7 | 13 | |||||||||||||||
Deferred fuel | 94 | ― | 37 | 6 | 31 | 14 | 43 | |||||||||||||||
Nuclear deferral | 262 | 40 | 222 | 77 | 145 | ― | ― | |||||||||||||||
Post-in-service carrying costs and deferred operating expenses | 459 | 150 | 137 | 19 | 118 | 21 | 151 | |||||||||||||||
Gasification services agreement buyout | 75 | ― | ― | ― | ― | ― | 75 | |||||||||||||||
Transmission expansion obligation | 70 | ― | ― | ― | ― | 74 | ― | |||||||||||||||
Manufactured gas plant (MGP) | 90 | ― | ― | ― | ― | 90 | ― | |||||||||||||||
Other | 473 | 219 | 101 | 42 | 60 | 46 | 87 | |||||||||||||||
Total regulatory assets | 10,086 | 1,822 | 4,508 | 1,511 | 2,950 | 528 | 835 | |||||||||||||||
Less: current portion | 895 | 295 | 353 | 127 | 221 | 57 | 118 | |||||||||||||||
Total non-current regulatory assets | $ | 9,191 | $ | 1,527 | $ | 4,155 | $ | 1,384 | $ | 2,729 | $ | 471 | $ | 717 | ||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory Liabilities | ||||||||||||||||||||||
Costs of removal | $ | 5,308 | $ | 2,423 | $ | 2,008 | $ | 1,637 | $ | 371 | $ | 241 | $ | 645 | ||||||||
Amounts to be refunded to customers | 151 | ― | 120 | ― | 120 | ― | 31 | |||||||||||||||
Storm reserve | 145 | 20 | 125 | ― | 125 | ― | ― | |||||||||||||||
Accrued pension and OPEB | 138 | ― | ― | ― | ― | 21 | 77 | |||||||||||||||
Deferred fuel | 177 | 45 | 132 | ― | 132 | ― | ― | |||||||||||||||
Other | 346 | 153 | 114 | 99 | 14 | 27 | 45 | |||||||||||||||
Total regulatory liabilities | 6,265 | 2,641 | 2,499 | 1,736 | 762 | 289 | 798 | |||||||||||||||
Less: current portion | 316 | 65 | 207 | 63 | 144 | 27 | 16 | |||||||||||||||
Total non-current regulatory liabilities | $ | 5,949 | $ | 2,576 | $ | 2,292 | $ | 1,673 | $ | 618 | $ | 262 | $ | 782 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory Assets | ||||||||||||||||||||||
Accrued pension and OPEB | $ | 3,306 | $ | 602 | 1,650 | $ | 769 | $ | 754 | $ | 225 | $ | 325 | |||||||||
Retired generation facilities | 1,781 | ― | 1,720 | 128 | 1,592 | ― | 61 | |||||||||||||||
Debt fair value adjustment | 1,472 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Asset retirement obligations | 1,461 | 48 | 713 | 372 | 341 | ― | ― | |||||||||||||||
Net regulatory asset related to income taxes | 1,373 | 731 | 401 | 175 | 226 | 82 | 158 | |||||||||||||||
Hedge costs and other deferrals | 710 | 88 | 550 | 240 | 310 | 9 | 63 | |||||||||||||||
DSM/EE | 322 | 107 | 121 | 121 | ― | 94 | ― | |||||||||||||||
Vacation accrual | 245 | 85 | $ | 65 | 65 | ― | 7 | 13 | ||||||||||||||
Deferred fuel | 162 | ― | 109 | ― | 109 | 1 | 52 | |||||||||||||||
Nuclear deferral | 142 | ― | 142 | ― | 142 | ― | ― | |||||||||||||||
Post-in-service carrying costs and deferred operating expenses | 122 | 27 | ― | ― | ― | 19 | 76 | |||||||||||||||
Gasification services agreement buyout | 95 | ― | ― | ― | ― | ― | 95 | |||||||||||||||
Transmission expansion obligation | 72 | ― | ― | ― | ― | 72 | ― | |||||||||||||||
MGP | 77 | ― | ― | ― | ― | 77 | ― | |||||||||||||||
Other | 401 | 260 | 77 | 52 | 26 | 39 | 93 | |||||||||||||||
Total regulatory assets | 11,741 | 1,948 | 5,548 | 1,922 | 3,500 | 625 | 936 | |||||||||||||||
Less: current portion | 737 | 221 | 256 | 77 | 179 | 46 | 126 | |||||||||||||||
Total non-current regulatory assets | $ | 11,004 | $ | 1,727 | $ | 5,292 | $ | 1,845 | $ | 3,321 | $ | 579 | $ | 810 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory Liabilities | ||||||||||||||||||||||
Costs of removal | $ | 4,827 | $ | 1,928 | $ | 2,048 | $ | 1,503 | $ | 401 | $ | 236 | $ | 624 | ||||||||
Amounts to be refunded to customers | 290 | ― | 259 | ― | 259 | ― | 31 | |||||||||||||||
Storm reserve | 125 | ― | 125 | ― | 125 | ― | ― | |||||||||||||||
Accrued pension and OPEB | 103 | ― | ― | ― | ― | 18 | 68 | |||||||||||||||
Deferred fuel | 55 | 45 | 10 | 10 | ― | ― | ― | |||||||||||||||
Other | 340 | 207 | 55 | 35 | 20 | 39 | 29 | |||||||||||||||
Total regulatory liabilities | 5,740 | 2,180 | 2,497 | 1,548 | 805 | 293 | 752 | |||||||||||||||
Less: current portion | 156 | 78 | 28 | 10 | 18 | 39 | 11 | |||||||||||||||
Total non-current regulatory liabilities | $ | 5,584 | $ | 2,102 | $ | 2,469 | $ | 1,538 | $ | 787 | $ | 254 | $ | 741 | ||||||||
Descriptions of regulatory assets and liabilities, summarized in the tables above, as well as their recovery and amortization periods follow. Items are excluded from rate base unless otherwise noted. | ||||||||||||||||||||||
Accrued pension and OPEB. Accrued pension and OPEB represent regulatory assets and liabilities related to each of the Duke Energy Registrants' respective shares of unrecognized actuarial gains and losses, unrecognized prior service cost, and unrecognized transition obligation attributable to Duke Energy's pension plans and OPEB plans. The regulatory asset or liability is amortized with the recognition of actuarial gains and losses, prior service cost, and transition obligations to net periodic benefit costs for pension and OPEB plans. See Note 21 for additional detail. | ||||||||||||||||||||||
Retired generation facilities. Duke Energy Florida earns a reduced return on a substantial portion of the amount of regulatory asset associated with the retirement of Crystal River Unit 3 not included in rate base and a full return on a portion of the retired plant currently recovered in rates. Once included in base rates the amount will be amortized over 20 years. Duke Energy Carolinas and Duke Energy Progress earn a return on the outstanding balance with recovery periods ranging from five to 10 years. Duke Energy Indiana earns a return on the outstanding balances and the costs are included in rate base. | ||||||||||||||||||||||
Asset retirement obligations. Represents future removal costs associated with asset retirement obligations for nuclear facilities. No return is earned on these balances. The recovery period runs through the decommissioning period of each nuclear unit, the latest of which is estimated to be 2097. See Note 9 for additional information. | ||||||||||||||||||||||
Net regulatory asset related to income taxes. Regulatory assets principally associated with the depreciation and recovery of AFUDC equity. Amounts have no impact on rate base as regulatory assets are offset by deferred tax liabilities. The recovery period is over the life of the associated assets. | ||||||||||||||||||||||
Hedge costs and other deferrals. Amounts relate to unrealized gains and losses on derivatives recorded as a regulatory asset or liability, respectively, until the contracts are settled. The recovery period varies for these costs, and currently extends to 2027. | ||||||||||||||||||||||
DSM/EE. The recovery period varies for these costs, with some currently unknown. Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida are required to pay interest on the outstanding liability balance. Duke Energy Progress and Duke Energy Florida collect a return on the outstanding asset balance. Duke Energy Carolinas collects a return on the outstanding balance in South Carolina. | ||||||||||||||||||||||
Vacation accrual. Generally recovered within one year. | ||||||||||||||||||||||
Deferred fuel. Deferred fuel costs represent certain energy costs that are recoverable or refundable as approved by the applicable regulatory body. Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana earn a return on under-recovered costs. Duke Energy Florida, Duke Energy Ohio and Duke Energy Indiana pay interest on over-recovered costs. Duke Energy Carolinas and Duke Energy Progress pay interest on over-recovered costs in North Carolina. Recovery period is generally over one year. Duke Energy Florida amount includes capacity costs. | ||||||||||||||||||||||
Nuclear deferral. Includes (i) amounts related to levelizing nuclear plant outage costs at Duke Energy Carolinas in North Carolina and South Carolina, and Duke Energy Progress in North Carolina, which allows for the recognition of nuclear outage expenses over the refueling cycle rather than when the outage occurs, resulting in the deferral of operations and maintenance costs associated with refueling and (ii) certain deferred preconstruction and carrying costs at Duke Energy Florida as approved by the FPSC associated with Levy, expected to be recovered in revenues by the end of 2017. | ||||||||||||||||||||||
Post-in-service carrying costs and deferred operating expenses. Represents deferred depreciation and operating expenses as well as carrying costs on the portion of capital expenditures placed in service but not yet reflected in retail rates as plant in service. Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana earn a return on the outstanding balance. Duke Energy Ohio amounts are included in rate base. For Duke Energy Indiana, some amounts are included in rate base. Recovery is over various lives, and the latest recovery period is 2067. | ||||||||||||||||||||||
Gasification services agreement buyout. The IURC authorized Duke Energy Indiana to recover costs incurred to buyout a gasification services agreement, including carrying costs through 2018. | ||||||||||||||||||||||
Transmission expansion obligation. Represents transmission expansion obligations related to Duke Energy Ohio's withdrawal from Midcontinent Independent System Operator, Inc. (MISO). | ||||||||||||||||||||||
MGP. Represents remediation costs for former MGP sites. In November 2013, the PUCO approved recovery of these costs through 2018. Duke Energy Ohio does not earn a return on these costs. See Note 5, Commitments and Contingencies, for additional information. | ||||||||||||||||||||||
Debt fair value adjustment. Purchase accounting adjustment to restate the carrying value of Progress Energy debt to fair value. Amount is amortized over the life of the related debt. | ||||||||||||||||||||||
Costs of removal. Represents funds received from customers to cover the future removal of property, plant and equipment from retired or abandoned sites as property is retired. Also includes unrealized gains on NDTF investments. | ||||||||||||||||||||||
Amounts to be refunded to customers. Represents required refunds to retail customers by the applicable regulatory body. The refund period is through 2016 for Duke Energy Florida and through 2017 for Duke Energy Indiana. | ||||||||||||||||||||||
Storm reserve. Duke Energy Carolinas and Duke Energy Florida are allowed to petition the PSCSC and FPSC, respectively, to seek recovery of named storms. Funds are used to offset future incurred costs. | ||||||||||||||||||||||
Restrictions on the Ability of Certain Subsidiaries to Make Dividends, Advances and Loans to Duke Energy | ||||||||||||||||||||||
As a condition to the approval of merger transactions, the NCUC, PSCSC, PUCO, KPSC, and IURC imposed conditions on the ability of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio, Duke Energy Kentucky and Duke Energy Indiana to transfer funds to Duke Energy through loans or advances, as well as restricted amounts available to pay dividends to Duke Energy. Certain subsidiaries may transfer funds to the parent by obtaining approval of the respective state regulatory commissions. These conditions imposed restrictions on the ability of the public utility subsidiaries to pay cash dividends as discussed below. | ||||||||||||||||||||||
Duke Energy Progress and Duke Energy Florida also have restrictions imposed by their first mortgage bond indentures and Articles of Incorporation which, in certain circumstances, limited their ability to make cash dividends or distributions on common stock. Amounts restricted as a result of these provisions were not material at December 31, 2013. | ||||||||||||||||||||||
Additionally, certain other subsidiaries of Duke Energy have restrictions on their ability to dividend, loan or advance funds to Duke Energy due to specific legal or regulatory restrictions, including, but not limited to, minimum working capital and tangible net worth requirements. | ||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
Duke Energy Carolinas must limit cumulative distributions subsequent to mergers to (i) the amount of retained earnings on the day prior to the closing of the mergers, plus (ii) any future earnings recorded. | ||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Duke Energy Progress must limit cumulative distributions subsequent to the merger between Duke Energy and Progress Energy to (i) the amount of retained earnings on the day prior to the closing of the merger, plus (ii) any future earnings recorded. | ||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
Duke Energy Ohio will not declare and pay dividends out of capital or unearned surplus without the prior authorization of the PUCO. Duke Energy Ohio received FERC and PUCO approval to pay dividends from its equity accounts that are reflective of the amount that it would have in its retained earnings account had push-down accounting for the Cinergy Corp. (Cinergy) merger not been applied to Duke Energy Ohio's balance sheet. The conditions include a commitment from Duke Energy Ohio that equity, adjusted to remove the impacts of push-down accounting, will not fall below 30 percent of total capital. | ||||||||||||||||||||||
Duke Energy Kentucky is required to pay dividends solely out of retained earnings and to maintain a minimum of 35 percent equity in its capital structure. | ||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||
Duke Energy Indiana must limit cumulative distributions subsequent to the merger between Duke Energy and Cinergy to (i) the amount of retained earnings on the day prior to the closing of the merger, plus (ii) any future earnings recorded. In addition, Duke Energy Indiana will not declare and pay dividends out of capital or unearned surplus without prior authorization of the IURC. | ||||||||||||||||||||||
The restrictions discussed above were less than 25 percent of Duke Energy's net assets at December 31, 2013. | ||||||||||||||||||||||
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 (excluding Ohio and Indiana), as well as sales of transmission service. | ||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
2013 North Carolina Rate Case | ||||||||||||||||||||||
On September 24, 2013, the NCUC approved a settlement agreement related to Duke Energy Carolinas' request for a rate increase with minor modifications. The North Carolina Utilities Commission Public Staff (Public Staff) was a party to the settlement agreement. The parties agreed to a three-year step-in rate increase, with the first two years providing for $204 million, or a 4.5 percent average increase in rates, and the third year providing for rates to be increased by an additional $30 million, or 0.6 percent. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. 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. On December 11, 2013, Duke Energy Carolinas and Duke Energy Progress, along with the Public Staff, filed a Motion to Consolidate this appeal with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress. Both the NCAG and NC WARN filed responses with the North Carolina Supreme Court (NCSC) contesting consolidation. All parties are awaiting a ruling from the NCSC. 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 October 23, 2013, the NCUC reaffirmed the rate of return approved in the January 27, 2012 settlement agreement, in response to an appeal by the NCAG. On November 21, 2013, the NCAG appealed the reaffirmed order. On December 11, 2013, Duke Energy Carolinas and Duke Energy Progress, along with the Public Staff, filed a Motion to Consolidate this appeal with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress. Both the NCAG and NC WARN filed responses with the NCSC contesting consolidation. All parties are awaiting a ruling from the NCSC. Duke Energy Carolinas cannot predict the outcome of this matter. | ||||||||||||||||||||||
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 did not commit Duke Energy Carolinas to build nuclear units. Through several separate orders, the NCUC and PSCSC 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 $382 million, including AFUDC through December 31, 2013. This amount is included in Net property, plant and equipment on Duke Energy Carolinas' 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 November 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. | ||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
2012 North Carolina Rate Case | ||||||||||||||||||||||
On May 30, 2013, the NCUC approved a settlement agreement related to Duke Energy Progress' request for a rate increase. The Public Staff was a party to the settlement agreement. The parties agreed to a two-year step-in rate increase, with the first year providing for a $147 million, or a 4.5 percent average increase in rates, and the second year providing for rates to be increased by an additional $31 million, or a 1.0 percent average increase in rates. The agreement is based upon a return on equity of 10.2 percent and an equity component of the capital structure of 53 percent. The 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 shareholder 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. NC WARN also appealed various matters in the settlement. On December 11, 2013, Duke Energy Carolinas and Duke Energy Progress, along with the Public Staff, filed a Motion to Consolidate this appeal with other North Carolina rate case appeals involving Duke Energy Carolinas and Duke Energy Progress. Both the NCAG and NC WARN filed responses with the NCSC contesting consolidation. All parties are awaiting a ruling from the NCSC. Duke Energy Progress cannot predict the outcome of this matter. | ||||||||||||||||||||||
L.V. Sutton Combined Cycle Facility | ||||||||||||||||||||||
Duke Energy Progress completed construction of a 625 MW combined cycle natural gas-fired generating facility at its existing Sutton Steam Station in New Hanover County, North Carolina. Sutton began commercial operations in the fourth quarter of 2013. | ||||||||||||||||||||||
Harris 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 and January 30, 2014, respectively, the NCUC and PSCSC approved the deferral of the respective retail portion of the COL costs. Approximately $47 million is recorded in Regulatory assets on Duke Energy Progress' Consolidated Balance Sheets at December 31, 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 Duke Energy Progress wholesale power customers that purchase or will purchase power under formula rates. Certain Duke Energy Progress wholesale customers filed interventions and protests. FERC accepted the depreciation rate changes, subject to refund, and set the matter for settlement and hearing in a consolidated proceeding. FERC further initiated an action with respect to the justness and reasonableness of the proposed rate changes. 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 it did not have a high degree of confidence the 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. In December 2013, Duke Energy Florida filed an updated site-specific decommissioning study and plan with the NRC and FPSC. The study resulted in a decommissioning cost estimate of $1,180 million, including amounts applicable to joint owners, under the safe storage (SAFSTOR) option. Duke Energy Florida's decommissioning study assumes Crystal River Unit 3 will be in SAFSTOR configuration, requiring limited staffing to monitor plant conditions, until the eventual dismantling and decontamination activities occur in 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. | ||||||||||||||||||||||
Duke Energy Florida maintains insurance coverage through Nuclear Electric Insurance Limited's (NEIL) accidental property damage program on an actual cash value basis. The NEIL coverage generally does not include property damage to or resulting from the containment structure. However, 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 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; the uprate project; and the components of the regulatory asset to be recovered in rates beginning no later than 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 in accordance with 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, payroll taxes, property taxes, and depreciation associated with Crystal River Unit 3 were deferred to a regulatory asset. Duke Energy Florida deferred $134 million of these costs to Regulatory assets through December 31, 2013. 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. 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 Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||
Duke Energy Florida is allowed to accelerate cash recovery of approximately $130 million of the Crystal River Unit 3 regulatory asset from retail customers from 2014 through 2016 through its fuel clause. Duke Energy Florida will begin recovery of the remaining Crystal River Unit 3 regulatory asset, up to a cap of $1,466 million from retail customers upon the earlier of (i) full recovery of the uncollected Levy investment or (ii) the first billing period of January 2017. Recovery will continue 240 months from inception of collection of the regulatory asset in base rates. The Crystal River Unit 3 base rate component will be adjusted at least every four years. Included in this recovery, but not subject to the cap, are costs of building a dry cask storage facility for spent nuclear fuel. 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 December 31, 2013, Duke Energy Florida deferred $1,310 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 $323 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. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2014 | 2015 | 2016 | |||||||||||||||||
2012 Settlement refund(a) | $ | 288 | $ | 129 | $ | 139 | $ | 10 | $ | 10 | ||||||||||||
Retirement decision refund | 100 | - | - | 40 | 60 | |||||||||||||||||
NEIL proceeds | 490 | 326 | 164 | - | - | |||||||||||||||||
Total customer refunds | 878 | 455 | 303 | 50 | 70 | |||||||||||||||||
Accelerated regulatory asset recovery | -130 | - | -37 | -37 | -56 | |||||||||||||||||
Net customer refunds | $ | 748 | $ | 455 | $ | 266 | $ | 13 | $ | 14 | ||||||||||||
(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 joint owner and extended a settlement offer to the other joint owner related to all Crystal River Unit 3 matters. Duke Energy Florida recorded a charge of $45 million in the fourth quarter of 2012 related to the December 2012 settlement and settlement offer. In January 2014, Duke Energy Florida reached an agreement in principle with the remaining joint owner regarding resolution of matters associated with Crystal River Unit 3 based on condition precedents that must be met in order to carry out the agreement. Duke Energy Florida recorded a charge of $57 million in the fourth quarter of 2013 related to the January 2014 agreement. The significant majority of these amounts were included in Operations, maintenance and other on the Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||
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, with exceptions for base rate increases for the recovery of the Crystal River Unit 3 regulatory asset beginning no later than 2017 and base rate increases for new generation through 2018, per the provisions of the 2013 Settlement. 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. 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 monthly earnings surveillance report, it may petition the FPSC to amend its base rates during the term of the 2013 Settlement. | ||||||||||||||||||||||
Duke Energy Florida is refunding $288 million to retail customers through its fuel clause, as required by the 2012 Settlement. | ||||||||||||||||||||||
Levy | ||||||||||||||||||||||
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. | ||||||||||||||||||||||
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 including 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. The consumer parties agree to not oppose Duke Energy Florida continuing to pursue a COL for Levy. | ||||||||||||||||||||||
On January 28, 2014, Duke Energy Florida terminated the EPC. Duke Energy Florida may be required to pay for work performed under the EPC and to bring existing work to an orderly conclusion, including but not limited to, costs to demobilize and cancel certain equipment and material orders placed. Duke Energy Florida is allowed to recover reasonable and prudent EPC cancellation costs from its retail customers. 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 the 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 December 31, 2013, Duke Energy Florida has a net uncollected investment in Levy of approximately $264 million, including AFUDC. Of this amount, $50 million is included in Regulatory assets, $117 million related to land and the COL is included in Net, property, plant and equipment, and $97 million is included in Regulatory assets within Current Assets on the Balance Sheets. | ||||||||||||||||||||||
Crystal River 1 and 2 Coal Units | ||||||||||||||||||||||
Duke Energy Florida has evaluated Crystal River 1 and 2 coal units for retirement in order to comply with certain environmental regulations. Based on this evaluation, those units will likely be retired by 2018. Once 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. On December 31, 2013 Duke Energy Florida filed a petition with the FPSC to allow for the recovery of prudently incurred costs to comply with the Mercury and Air Toxics Standard through the Environmental Cost Recovery Clause. | ||||||||||||||||||||||
New Generation | ||||||||||||||||||||||
Duke Energy Florida currently projects a significant need for additional generation to offset the impact of retirement of Crystal River Unit 3 as well as the 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. Duke Energy Florida is currently reviewing bids received on December 9, 2013. | ||||||||||||||||||||||
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 reduction in amortization expense of $114 million, $178 million, and $250 million for the years ended December 31, 2013, 2012, and 2011 respectively. Duke Energy Florida had no cost of removal reserves eligible for amortization to income remaining at December 31, 2013 | ||||||||||||||||||||||
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. On February 13, 2014, the PUCO denied Duke Energy Ohio's request. | ||||||||||||||||||||||
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. | ||||||||||||||||||||||
On November 13, 2013, the PUCO issued an order approving the Gas Settlement and allowing for the recovery of $56 million of MGP costs, excluding carrying costs, to be recovered over a five-year period beginning in 2014. On February 19, 2014, the PUCO denied intervening consumer groups' motion to stay implementation of its order, or, in the alternative, to implement the MGP rider subject to refund. Intervening groups have provided notice of their intent to appeal the PUCO's decision to the Ohio Supreme Court. Duke Energy Ohio cannot predict the outcome of this matter. | ||||||||||||||||||||||
Generation Asset Transfer | ||||||||||||||||||||||
On April 2, 2012 and amended on June 22, 2012, Duke Energy Ohio and various affiliated entities filed an Application for Authorization for Disposition of Jurisdictional Facilities with FERC. The application seeks to transfer, from Duke Energy Ohio's rate-regulated Ohio utility company, the legacy coal-fired and combustion gas turbine assets to a nonregulated affiliate, consistent with the ESP stipulation approved by the PUCO on November 22, 2011. The application outlines a potential additional step in the reorganization that would result in a transfer of all of Duke Energy Ohio's Commercial Power business to an indirect wholly owned subsidiary of Duke Energy. The process of determining the optimal corporate structure is an ongoing evaluation of factors, such as tax considerations, that may change between now and the transfer date. In conjunction with the transfer, Duke Energy Ohio's capital structure will be restructured to reflect appropriate debt and equity ratios for its regulated operations. The transfer could instead be accomplished within a wholly owned nonregulated subsidiary of Duke Energy Ohio depending on final tax structuring analysis. The FERC approved the application on September 5, 2012. Duke Energy Ohio agreed to transfer the legacy coal-fired and combustion gas turbine assets on or before December 31, 2014. | ||||||||||||||||||||||
Regional Transmission Organization (RTO) Realignment | ||||||||||||||||||||||
Duke Energy Ohio including Duke Energy Kentucky, transferred control of its transmission assets from MISO to PJM, effective December 31, 2011. | ||||||||||||||||||||||
On December 22, 2010, the KPSC approved Duke Energy Kentucky's request to effect the RTO realignment, subject to a commitment not to seek double-recovery in a future rate case of the transmission expansion fees that may be charged by MISO and PJM in the same period or overlapping periods. | ||||||||||||||||||||||
On May 25, 2011, the PUCO approved a settlement between Duke Energy Ohio, Ohio Energy Group, The Office of Ohio Consumers' Counsel and the PUCO Staff related to Duke Energy Ohio's recovery of certain costs of the RTO realignment via a non-bypassable rider. Duke Energy Ohio is allowed to recover all MISO Transmission Expansion Project (MTEP) costs, including but not limited to Multi-Value Project (MVP) costs, directly or indirectly charged to Duke Energy Ohio retail customers. Duke Energy Ohio will not 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. | ||||||||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||
The following table provides a reconciliation of the beginning and ending balance of Duke Energy Ohio's recorded obligations related to its withdrawal from MISO. | ||||||||||||||||||||||
(in millions) | Balance at December 31, 2012 | Provision / Adjustments | Cash Reductions | Balance at December 31, 2013(a) | ||||||||||||||||||
Duke Energy Ohio | $ | 97 | $ | 2 | $ | -4 | $ | 95 | ||||||||||||||
(a) | As of December 31, 2013, $74 million is recorded as a Regulatory asset on Duke Energy Ohio's Consolidated Balance Sheets. | |||||||||||||||||||||
MVP. MISO approved 17 MVP proposals prior to Duke Energy Ohio's exit from MISO on December 31, 2011. Construction of these projects is expected to continue through 2020. Costs of these projects, including operating and maintenance costs, property and income taxes, depreciation and an allowed return, are allocated and billed to MISO transmission owners. | ||||||||||||||||||||||
On December 29, 2011, MISO filed a tariff with the FERC providing for the allocation of MVP costs to a withdrawing owner based on monthly energy usage. The FERC set for hearing (i) whether MISO's proposed cost allocation methodology to transmission owners who withdrew from MISO prior to January 1, 2012 is consistent with the tariff at the time of their withdrawal from MISO, and, (ii) if not, what amount of, and methodology for calculating any MVP cost responsibility should be. On July 16, 2013, a FERC Administrative Law Judge (ALJ) issued an initial decision. Under this initial decision, Duke Energy Ohio would be liable for MVP costs. Duke Energy Ohio filed exceptions to the initial decision, requesting the FERC overturn the ALJ's decision. After reviewing the initial decision, along with all exceptions and responses filed by the parties, the FERC will issue a final decision. Duke Energy Ohio fully intends to appeal to the federal court of appeals if the FERC affirms the ALJ's decision. Duke Energy Ohio cannot predict the outcome of these proceedings. | ||||||||||||||||||||||
In 2012, MISO estimated Duke Energy Ohio's MVP obligation over the period from 2012 to 2071 at $2.7 billion, on an undiscounted basis. The estimated obligation is subject to great uncertainty including the ultimate cost of the projects, the annual costs of O&M, taxes and return over the project lives and the allocation to Duke Energy Ohio. | ||||||||||||||||||||||
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., Sierra Club, Inc., Save the Valley, Inc., and Valley Watch, Inc., 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. As a result, the projected cost estimate increased throughout construction of the project and various revised estimates were filed with the IURC. In October 2012, Duke Energy Indiana revised its latest projected cost estimate to $3.15 billion (excluding AFUDC). | ||||||||||||||||||||||
On December 27, 2012, the IURC approved a settlement agreement (2012 Edwardsport settlement) related to the cost increase for the construction of the project, including subdockets before the IURC related to the project. The Office of Utility Consumer Counselor (OUCC), the Duke Energy Indiana Industrial Group and Nucor Steel-Indiana were parties to the settlement. 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 2012 Edwardsport settlement 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 pretax charges of approximately $897 million related to the Edwardsport project, including the settlement agreement discussed above. Of this amount, pretax impairment and other charges of $631 million were recorded during the year ended December 31, 2012. These charges were recorded in Impairment charges and Operations, maintenance and other on Duke Energy Indiana's Consolidated Statements of Operations and Comprehensive Income. | ||||||||||||||||||||||
The Joint Intervenors appealed the IURC order approving the 2012 Edwardsport settlement 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. Costs for the Edwardsport IGCC plant are recovered from retail electric customers via a tracking mechanism, the IGCC Rider. | ||||||||||||||||||||||
Other Regulatory Matters | ||||||||||||||||||||||
Merger Appeals | ||||||||||||||||||||||
On January 9, 2013, the City of Orangeburg and NC WARN appealed the NCUC's approval of the merger between Duke Energy and Progress Energy. On April 29, 2013, the NCUC granted Duke Energy's motion to dismiss certain exceptions contained in NC WARN's appeal. On November 6, 2013, the North Carolina Court of Appeals heard oral arguments on the appeals. A decision from the North Carolina Court of Appeals is pending. | ||||||||||||||||||||||
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. 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 in 2014. On August 8, 2012, FERC granted certain intervenors' request for rehearing for further consideration. | ||||||||||||||||||||||
Following the closing of the merger, outside counsel reviewed Duke Energy's mitigation plan and discovered a technical error in the calculations. On December 6, 2013, Duke Energy submitted a filing with the FERC disclosing the error and arguing that no additional mitigation is necessary. On February 4, 2014, The City of New Bern, North Carolina filed comments to Duke Energy's filing. Duke Energy's response to New Bern was filed on February 19, 2014. 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 IRPs filed by the Subsidiary Registrants in 2013, 2012 and 2011 included planning assumptions to potentially retire certain coal-fired generating facilities in South Carolina, Florida, Indiana and Ohio earlier than their current estimated useful lives. The facilities do not have the requisite emission control equipment, primarily to meet 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 Consolidated Balance Sheets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas(b) | Progress Energy(c) | Duke Energy Florida(c) | Duke Energy Ohio(d) | Duke Energy Indiana(e) | |||||||||||||||||
Capacity (in MW) | 2,447 | 200 | 873 | 873 | 706 | 668 | ||||||||||||||||
Remaining net book value (in millions)(a) | $ | 260 | $ | 14 | $ | 113 | $ | 113 | $ | 10 | $ | 123 | ||||||||||
(a) | Included in Property, plant and equipment, net as of December 31, 2013, on the Consolidated Balance Sheets. | |||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||
(c) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||
(d) | Includes Beckjord Units 4 through 6 and Miami Fort Unit 6. 150 MW Beckjord Station Unit 4 was retired on February 17, 2014. Beckjord units have no remaining book value. | |||||||||||||||||||||
(e) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||
Duke Energy continues to evaluate the potential need to retire these coal-fired generating facilities earlier than the current estimated useful lives, and plans to seek regulatory recovery for amounts that would not be otherwise recovered when any of these assets are retired. However, such recovery, including recovery of carrying costs on remaining book values, could be subject to future regulatory approvals and therefore cannot be assured. | ||||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Commitments And Contingencies [Abstract] | ' | ||||||||||||||||||||||||
Commitments And Contingencies | ' | ||||||||||||||||||||||||
5. COMMITMENTS AND CONTINGENCIES | |||||||||||||||||||||||||
General Insurance | |||||||||||||||||||||||||
The Duke Energy Registrants have insurance and reinsurance coverage either directly or through indemnification from Duke Energy's captive insurance company, Bison, and its affiliates, consistent with companies engaged in similar commercial operations with similar type properties. The Duke Energy Registrants' coverage includes (i) commercial general liability coverage for liabilities arising to third parties for bodily injury and property damage; (ii) workers' compensation; (iii) automobile liability coverage; and (iv) property coverage for all real and personal property damage. Real and personal property damage coverage excludes electric transmission and distribution lines, but includes damages arising from boiler and machinery breakdowns, earthquakes, flood damage and extra expense, but not outage or replacement power coverage. All coverage is subject to certain deductibles or retentions, sublimits, exclusions, terms and conditions common for companies with similar types of operations. | |||||||||||||||||||||||||
The Duke Energy Registrants self-insure their electric transmission and distribution lines against loss due to storm damage and other natural disasters. As discussed further in Note 4, Duke Energy Florida maintains a storm damage reserve and has a regulatory mechanism to recover the cost of named storms on an expedited basis. | |||||||||||||||||||||||||
The cost of the Duke Energy Registrants' coverage can fluctuate year to year reflecting claims history and conditions of the insurance and reinsurance markets. | |||||||||||||||||||||||||
In the event of a loss, terms and amounts of insurance and reinsurance available might not be adequate to cover claims and other expenses incurred. Uninsured losses and other expenses, to the extent not recovered by other sources, could have a material effect on the Duke Energy Registrants' results of operations, cash flows or financial position. Each company is responsible to the extent losses may exceed limits of the coverage available. | |||||||||||||||||||||||||
Nuclear Insurance | |||||||||||||||||||||||||
Duke Energy Carolinas owns and operates the McGuire Nuclear Station (McGuire) and the Oconee Nuclear Station (Oconee) and operates and has a partial ownership interest in the Catawba Nuclear Station (Catawba). McGuire and Catawba each have two reactors. Oconee has three reactors. The other joint owners of Catawba reimburse Duke Energy Carolinas for certain expenses associated with nuclear insurance per the Catawba joint owner agreements. | |||||||||||||||||||||||||
Duke Energy Progress owns and operates the Robinson Nuclear Station (Robinson) and operates and has a partial ownership interest in the Brunswick Nuclear Station (Brunswick) and Harris. Robinson and Harris each have one reactor. Brunswick has two reactors. The other joint owners of Brunswick and Harris reimburse Duke Energy Progress for certain expenses associated with nuclear insurance per the Brunswick and Harris joint owner agreements. | |||||||||||||||||||||||||
Duke Energy Florida manages and has a partial ownership interest in Crystal River Unit 3, which has been retired. The other joint owners of Crystal River Unit 3 reimburse Duke Energy Florida for certain expenses associated with nuclear insurance per the Crystal River Unit 3 joint owner agreement. | |||||||||||||||||||||||||
In the event of a loss, terms and amounts of insurance available might not be adequate to cover property damage and other expenses incurred. Uninsured losses and other expenses, to the extent not recovered by other sources, could have a material effect on Duke Energy Carolinas', Duke Energy Progress' and Duke Energy Florida's results of operations, cash flows or financial position. Each company is responsible to the extent losses may exceed limits of the coverage available. | |||||||||||||||||||||||||
Nuclear Liability Coverage | |||||||||||||||||||||||||
The Price-Anderson Act requires owners of nuclear reactors to provide for public nuclear liability protection per nuclear incident up to a maximum total financial protection liability. The maximum total financial protection liability increased to a total of $13.6 billion. This amount is adjusted every five years for an inflationary provision. Total nuclear liability coverage consists of a combination of private primary nuclear liability insurance coverage and a mandatory industry risk-sharing program to provide for excess nuclear liability coverage above the maximum reasonably available private primary coverage. The United States Congress could impose revenue-raising measures on the nuclear industry to pay claims. | |||||||||||||||||||||||||
Primary Liability Insurance | |||||||||||||||||||||||||
Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida have purchased the maximum reasonably available private primary nuclear liability insurance as required by law, which currently is $375 million per station. | |||||||||||||||||||||||||
Excess Liability Program | |||||||||||||||||||||||||
This program provides $13.2 billion of coverage per incident through the Price-Anderson Act's mandatory industry-wide excess secondary financial protection program of risk pooling. This amount is the product of potential cumulative retrospective premium assessments of $127 million times the current 104 licensed commercial nuclear reactors in U.S. Under this program, licensees could be assessed retrospective premiums to compensate for public nuclear liability damages in the event of a nuclear incident at any licensed facility in the U.S. Retrospective premiums may be assessed at a rate not to exceed $19 million per year per licensed reactor for each incident. The assessment may be subject to state premium taxes. | |||||||||||||||||||||||||
Nuclear Property Coverage | |||||||||||||||||||||||||
Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida are members of NEIL, which provides insurance coverage for nuclear facilities under three policy programs: the primary property insurance program, the excess property insurance program and the accidental outage insurance program. | |||||||||||||||||||||||||
Pursuant to regulations of the NRC, each company's property damage insurance policies provide that all proceeds from such insurance be applied, first, to place the plant in a safe and stable condition after a qualifying accident, and second, to decontaminate the plant before any proceeds can be used for decommissioning, plant repair or restoration. | |||||||||||||||||||||||||
Losses resulting from non-certified acts of terrorism are covered as common occurrences, such that if non-certified terrorist acts occur against one or more commercial nuclear power plants insured by NEIL within a 12-month period, they would be treated as one event and the owners of the plants where the act occurred would share one full limit of liability. The full limit of liability is currently $3.2 billion. NEIL sublimits the total aggregate for all of their policies for non-nuclear terrorist events to approximately $1.83 billion. | |||||||||||||||||||||||||
Primary Property Insurance | |||||||||||||||||||||||||
This policy provides $500 million of primary property damage coverage. The deductible per occurrence is $3 million for Catawba, and $10 million for the remaining nuclear facilities. This policy also has a 10 percent deductible provision excess of these deductibles for natural catastrophe damage. | |||||||||||||||||||||||||
Excess Property Insurance | |||||||||||||||||||||||||
This policy provides excess property, decontamination and decommissioning liability insurance of $2.25 billion for Catawba, $750 million each for Oconee, McGuire, Brunswick, Harris and Robinson; and $560 million for Crystal River Unit 3. All nuclear facilities except for Catawba and Crystal River Unit 3 also share an additional $1 billion insurance limit above their dedicated underlying excess. This shared additional excess limit is not subject to reinstatement in the event of a loss. | |||||||||||||||||||||||||
Crystal River Unit 3's primary and excess property insurance is on an actual cash value basis. NEIL coverage does not include property damage to or resulting from the containment structure except 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. | |||||||||||||||||||||||||
NEIL sublimits property damage losses to $1.5 billion for non-nuclear accidental property damage. | |||||||||||||||||||||||||
Accidental Outage Insurance | |||||||||||||||||||||||||
This policy provides replacement power expense coverage resulting from an accidental property damage outage of a nuclear unit. Coverage amounts decrease in the event more than one unit at a station is out of service due to a common accident. Initial coverage begins after a 12-week deductible period. Coverage continues at 100 percent of the weekly limits for 52 weeks and 80 percent of the weekly limits for the next 110 weeks. | |||||||||||||||||||||||||
The Catawba units are insured for up to $4 million per week. The McGuire units are insured for up to $4 million per week. The Oconee units are insured for up to $3 million per week. The Brunswick units are insured for up to $3 million per week. The Harris unit is insured for up to $3 million per week. The Robinson unit is insured for up to $2 million per week. The accidental outage policy limit is $490 million for McGuire and Catawba, $378 million for Oconee, $406 million for Brunswick, $364 million for Harris, and $308 million for Robinson. | |||||||||||||||||||||||||
NEIL sublimits the accidental outage recovery to the first 104 weeks of coverage not to exceed $328 million from non-nuclear accidental property damage. | |||||||||||||||||||||||||
Potential Retroactive Premium Assessments | |||||||||||||||||||||||||
In the event of NEIL losses, NEIL's board of directors may assess member companies retroactive premiums of amounts up to 10 times their annual premiums for up to six years after a loss. The current potential maximum assessments for Duke Energy Carolinas are $42 million for primary property insurance, $36 million for excess property insurance and $29 million for accidental outage insurance. The current potential maximum assessments for Duke Energy Progress are $33 million for primary property insurance, $32 million for excess property insurance and $14 million for accidental outage insurance. The current potential maximum assessments for Duke Energy Florida are $6 million for primary property insurance and $4 million for excess property insurance. | |||||||||||||||||||||||||
The maximum assessment amounts include 100 percent of Duke Energy Carolinas', Duke Energy Progress', and Duke Energy Florida's potential obligations to NEIL for their share of jointly owned reactors. However, the other joint owners of the jointly owned reactors are obligated to assume their pro rata share of liability for retrospective premiums and other premium assessments resulting from the Price-Anderson Act's excess secondary financial protection program of risk pooling, or from the NEIL policies. | |||||||||||||||||||||||||
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 potentially responsible parties, and may also benefit from insurance policies or contractual indemnities that cover some or all cleanup costs. Liabilities are recorded when losses become probable and are reasonably estimable. The total costs that may be incurred cannot be estimated because the extent of environmental impact, allocation among potentially responsible parties, remediation alternatives, and/or regulatory decisions has not yet been determined. Additional costs associated with remediation activities are likely to be incurred in the future and could be significant. Costs are typically expensed as Operation, maintenance and other in the Consolidated Statements of Operations unless regulatory recovery of the costs is deemed probable. | |||||||||||||||||||||||||
The following table contains information regarding reserves for probable and estimable costs related to the various environmental sites. These reserves are recorded in Other within Deferred Credits and Other Liabilities on the 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, 2010 | $ | 88 | $ | 13 | $ | 35 | $ | 12 | $ | 23 | $ | 50 | $ | 11 | |||||||||||
Provisions / adjustments | 6 | ― | 10 | 1 | 9 | 5 | 1 | ||||||||||||||||||
Cash reductions | -33 | -1 | -22 | -2 | -20 | -27 | -3 | ||||||||||||||||||
Balance at December 31, 2011 | 61 | 12 | 23 | 11 | 12 | 28 | 9 | ||||||||||||||||||
Provisions / adjustments | 39 | 1 | 19 | 5 | 14 | 5 | 3 | ||||||||||||||||||
Cash reductions | -25 | -1 | -9 | -2 | -7 | -18 | -4 | ||||||||||||||||||
Balance at December 31, 2012 | 75 | 12 | 33 | 14 | 19 | 15 | 8 | ||||||||||||||||||
Provisions / adjustments | 26 | ― | 4 | -1 | 5 | 20 | 1 | ||||||||||||||||||
Cash reductions | -22 | -1 | -10 | -5 | -5 | -8 | -2 | ||||||||||||||||||
Balance at December 31, 2013 | $ | 79 | $ | 11 | $ | 27 | $ | 8 | $ | 19 | $ | 27 | $ | 7 | |||||||||||
Additional losses in excess of recorded reserves that could be incurred for the stages of investigation, remediation and monitoring for environmental sites that have been evaluated at this time are presented in the table below. | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||
Duke Energy | $ | 74 | |||||||||||||||||||||||
Duke Energy Carolinas | 29 | ||||||||||||||||||||||||
Progress Energy | 5 | ||||||||||||||||||||||||
Duke Energy Progress | 2 | ||||||||||||||||||||||||
Duke Energy Florida | 3 | ||||||||||||||||||||||||
Duke Energy Ohio | 35 | ||||||||||||||||||||||||
Duke Energy Indiana | 5 | ||||||||||||||||||||||||
Regulations | |||||||||||||||||||||||||
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. 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 revised deadline for issuance of the final 316(b) rule is April 17, 2014. If the rule is finalized as proposed, modifications to affected power plant cooling water intake structures could be required by mid-to-late 2017. The Duke Energy Registrants are unable to predict the outcome of this rulemaking, but the impact could be significant. | |||||||||||||||||||||||||
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 SO2 budgets and annual seasonal 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 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. 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 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 CCR or 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 directed the EPA to provide the Court, within 60 days of the Order, a proposed schedule for completing the CCR rulemaking. On January 29, 2014, the EPA filed a consent decree agreeing to issue the final rule by December 19, 2014. 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 finalize the 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 January 8, 2014, the EPA proposed a rule to establish carbon dioxide (CO2) emissions standards for new pulverized coal, IGCC, natural gas combined cycle, and simple cycle electric generating units commencing construction on or after the date the proposal appears in the Federal Register. Future coal and IGCC units will be required to employ carbon capture and storage technology to meet the proposed 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, but the impact could be significant. | |||||||||||||||||||||||||
Mercury and Air Toxics Standards (MATS) | |||||||||||||||||||||||||
The final MATS 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. 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. | |||||||||||||||||||||||||
Several petitions for review of the final rule were filed with the D.C. Circuit Court. A decision is expected in the first half of 2014. 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. 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 $4.5 billion to $5.5 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) | |||||||||||||||||||||||||
Duke Energy | $ | 525 | to | $ | 625 | ||||||||||||||||||||
Duke Energy Carolinas | 40 | to | 50 | ||||||||||||||||||||||
Progress Energy | 25 | to | 40 | ||||||||||||||||||||||
Duke Energy Progress | 10 | to | 15 | ||||||||||||||||||||||
Duke Energy Florida | 15 | to | 25 | ||||||||||||||||||||||
Duke Energy Ohio | 35 | to | 50 | ||||||||||||||||||||||
Duke Energy Indiana | 425 | to | 485 | ||||||||||||||||||||||
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. 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 rate 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 | |||||||||||||||||||||||||
Dan River Ash Basin Release | |||||||||||||||||||||||||
On February 2, 2014, a break in a stormwater pipe beneath an ash basin at Duke Energy Carolinas' retired Dan River steam station caused a release of ash basin water and ash into the Dan River. On February 8, 2014, a permanent plug was installed in the stormwater pipe stopping the release of materials into the river. Duke Energy Carolinas estimates 30,000 to 39,000 tons of ash and 24 million to 27 million gallons of basin water were released into the river. Duke Energy Carolinas continues to work with local and state officials responding to this event. On February 10, 2014, Duke Energy received a subpoena for the production of documents, issued by the United States Attorney for the Eastern District of North Carolina in connection with a criminal investigation related to the release. A second subpoena was issued by the same United States Attorney on February 18, 2014, which expanded the document production to cover all fourteen of the North Carolina facilities with coal ash ponds. | |||||||||||||||||||||||||
It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with these matters. | |||||||||||||||||||||||||
Progress Energy Merger Shareholder Litigation | |||||||||||||||||||||||||
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 eleven members of the Duke Energy board of directors who were also members of the pre-merger Duke Energy board of directors (Legacy Duke Energy Directors). Duke Energy is named as a nominal defendant. The case alleges claims for breach of fiduciary duties of loyalty and care in connection with the post-merger change in CEO. The case is stayed pending resolution of the Nieman v. Duke Energy Corporation, et al. case in North Carolina. | |||||||||||||||||||||||||
On August 3, 2012, Duke Energy was served with a shareholder Derivative Complaint, which was transferred to the North Carolina Business Court (Krieger v. Johnson, et al.). The lawsuit names as defendants, William D. Johnson and the Legacy Duke Energy Directors. Duke Energy is named as a nominal defendant. The lawsuit alleges claims for breach of fiduciary duty in granting excessive compensation to Mr. Johnson. A decision on a motion to dismiss made by 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 various defendants including Duke Energy. 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 U.S. Court of Appeals for the Ninth Circuit 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, which remains pending. | |||||||||||||||||||||||||
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. | |||||||||||||||||||||||||
On November 15, 2013 the parties reached a settlement. Duke Energy recorded a net pretax charge of $22 million to Operations, maintenance and other in its Consolidated Statements of Operations related to the settlement in 2013. | |||||||||||||||||||||||||
Brazil Expansion Lawsuit | |||||||||||||||||||||||||
On August 9, 2011, the State of São Paulo sued Duke Energy International Geracao Paranapenema S.A. (DEIGP) in Brazilian state court. The lawsuit claims DEIGP is under a continuing obligation to expand installed generation capacity in the State of São Paulo by 15 percent pursuant to a stock purchase agreement under which DEIGP purchased generation assets from the state. On August 10, 2011, a judge granted an ex parte injunction ordering DEIGP to present a detailed expansion plan in satisfaction of the 15 percent obligation. DEIGP has previously taken a position the expansion obligation is no longer viable given changes that have occurred in the electric energy sector since privatization. DEIGP submitted its proposed expansion plan on November 11, 2011, but reserved objections regarding enforceability. No trial date has been set. It is not possible to predict whether Duke Energy will incur any liability or to estimate the damages, if any, it might incur in connection with this matter. | |||||||||||||||||||||||||
Duke Energy Carolinas | |||||||||||||||||||||||||
New Source Review (NSR) | |||||||||||||||||||||||||
In 1999-2000, the U.S. Department of Justice (DOJ) on behalf of the EPA filed a number of complaints and notices of violation against multiple utilities, including Duke Energy Carolinas, for alleged violations of the NSR provisions of the CAA. The government alleges the utilities violated the CAA by not obtaining permits for certain projects undertaken at certain coal plants 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. 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 the NSR provisions. Duke Energy Carolinas asserts the projects were routine or not projected to increase emissions. The parties filed a stipulation in which the United States dismissed with prejudice 16 claims. In exchange, Duke Energy Carolinas dismissed certain affirmative defenses. The parties filed opposing motions for summary judgment on the remaining claims. In November 2013, the Court denied Duke Energy's motion for summary judgment. A decision on the DOJ's motion for summary judgment remains pending. Duke Energy 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, remains 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 recovery will be pursued for costs incurred in connection with such resolution. | |||||||||||||||||||||||||
Asbestos-related Injuries and Damages Claims | |||||||||||||||||||||||||
Duke Energy Carolinas has experienced numerous claims for indemnification and medical cost reimbursement related to asbestos exposure. These claims relate to damages for bodily injuries alleged to have arisen from exposure to or use of asbestos in connection with construction and maintenance activities conducted on its electric generation plants prior to 1985. As of December 31, 2013, there were 96 asserted claims for non-malignant cases with the cumulative relief sought of up to $24 million, and 31 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. | |||||||||||||||||||||||||
Duke Energy Carolinas has recognized asbestos-related reserves of $616 million at December 31, 2013 and $751 million at December 31, 2012. These reserves are classified in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities on the Consolidated Balance Sheets. These reserves are based upon the minimum amount of the range of loss for current and future asbestos claims through 2033, are recorded on an undiscounted basis and incorporate anticipated inflation. 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 at December 31, 2013 and $781 million at December 31, 2012. These amounts are classified in Other within Investments and Other Assets and Receivables on the Consolidated Balance Sheets. Duke Energy Carolinas is not aware of any uncertainties regarding the legal sufficiency of insurance claims. Duke Energy Carolinas believes the insurance recovery asset is probable of recovery as the insurance carrier continues to have a strong financial strength rating. | |||||||||||||||||||||||||
Progress Energy | |||||||||||||||||||||||||
Synthetic Fuels Matters | |||||||||||||||||||||||||
Progress Energy and a number of its subsidiaries and affiliates are defendants in lawsuits arising out of a 1999 Asset Purchase Agreement. Parties to the Asset Purchase Agreement include U.S. Global, LLC (Global) and affiliates of Progress Energy. | |||||||||||||||||||||||||
In a case filed in the Circuit Court for Broward County, Florida, in March 2003 (the Florida Global Case), Global requested an unspecified amount of compensatory damages, as well as declaratory relief. In November 2009, the court ruled in favor of Global. In December 2009, Progress Energy made a $154 million payment, which represented payment of the total judgment, including prejudgment interest, and a required premium equivalent to two years of interest, to the Broward County Clerk of Court bond account. Progress Energy continued to accrue interest related to this judgment. | |||||||||||||||||||||||||
On October 3, 2012, the Florida Fourth District Court of Appeals reversed the lower court ruling. The court held that Global was entitled to approximately $90 million of the amount paid into the registry of the court. Progress Energy was entitled to a refund of the remainder of the funds. Progress Energy received cash and recorded a $63 million pretax gain for the refund in December 2012. The gain was recorded in Income from Discontinued Operations, net of tax in the 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 the second quarter of 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 Energy 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. | |||||||||||||||||||||||||
Progress Energy does not expect the resolution of these matters to have a material effect on it results of operations, cash flows or financial position. | |||||||||||||||||||||||||
Duke Energy Progress and Duke Energy Florida | |||||||||||||||||||||||||
Spent Nuclear Fuel Matters | |||||||||||||||||||||||||
On December 12, 2011, Duke Energy Progress and Duke Energy Florida sued the United States in the U.S. Court of Federal Claims. The lawsuit claims the DOE breached a contract in failing to accept spent nuclear fuel under the Nuclear Waste Policy Act of 1982 and asserts damages for the cost of on-site storage. 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. 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 by entering into non-public option agreements in exchange for their withdrawal of challenges to Duke Energy Ohio's Rate Stabilization Plan (RSP) implemented in early 2005. 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 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 assessment may change as additional settlements occur, 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 significant amounts. The Duke Energy Registrants believe the final disposition of these proceedings will not have a material effect on their results of operations, cash flows or financial position. | |||||||||||||||||||||||||
The table below presents recorded reserves based on management's best estimate of probable loss for legal matters discussed above and the associated insurance recoveries. The reasonably possible range of loss for all non-asbestos related matters in excess of recorded reserves is not material. | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | |||||||||||||||||||||||||
Duke Energy(b) | $ | 824 | $ | 846 | |||||||||||||||||||||
Duke Energy Carolinas(b) | 616 | 751 | |||||||||||||||||||||||
Progress Energy | 78 | 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) | Classified in the respective 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) | Classified in the respective 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 fully recognized on the Consolidated Balance Sheets and have unlimited maximum potential payments. However, the Duke Energy Registrants do not believe these guarantees will have a material effect on their results of operations, cash flows or financial position. | |||||||||||||||||||||||||
Purchase Obligations | |||||||||||||||||||||||||
Purchased Power | |||||||||||||||||||||||||
Duke Energy Progress, Duke Energy Florida, and Duke Energy Ohio have ongoing purchased power contracts, including renewable energy contracts, with other utilities, wholesale marketers, co-generators, and qualified facilities (QFs). These purchased power contracts generally provide for capacity and energy payments. In addition, Duke Energy Progress, Duke Energy Florida, and Duke Energy Ohio have various contracts to secure transmission rights. | |||||||||||||||||||||||||
The following table presents executory purchased power contracts, excluding contracts classified as leases. | |||||||||||||||||||||||||
Minimum Purchase Amount at December 31, 2013 | |||||||||||||||||||||||||
(in millions) | Contract Expiration | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | |||||||||||||||||
Duke Energy Progress(a) | 2019-2022 | $ | 36 | 36 | $ | 36 | $ | 37 | $ | 37 | $ | 69 | $ | 251 | |||||||||||
Duke Energy Florida(b) | 2014-2025 | 288 | 295 | 295 | 288 | 303 | 2,139 | 3,608 | |||||||||||||||||
Duke Energy Ohio(c) | 2014-2015 | 250 | 97 | ― | ― | ― | ― | 347 | |||||||||||||||||
(a) | Contracts represent 100 percent of net plant output. | ||||||||||||||||||||||||
(b) | Contracts represent between 2 percent and 100 percent of net plant output. | ||||||||||||||||||||||||
(c) | Contracts represent between 1 percent and 24 percent of net plant output. | ||||||||||||||||||||||||
Operating and Capital Lease Commitments | |||||||||||||||||||||||||
The Duke Energy Registrants lease office buildings, railcars, vehicles, computer equipment and other property and equipment with various terms and expiration dates. Additionally, Duke Energy Progress has a capital lease related to firm gas pipeline transportation capacity. Duke Energy Progress and Duke Energy Florida have entered into certain purchased power agreements, which are classified as leases. Consolidated capitalized lease obligations are classified as Long-term debt or Other within Current Liabilities on the Consolidated Balance Sheets. Amortization of assets recorded under capital leases is included in Depreciation and amortization and Fuel used in electric generation – regulated on the Consolidated Statements of Operations. | |||||||||||||||||||||||||
The following table presents rental expense for operating leases. These amounts are included in Operation, maintenance and other on the Consolidated Statements of Operations. | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Duke Energy | $ | 321 | $ | 232 | $ | 104 | |||||||||||||||||||
Duke Energy Carolinas | 39 | 38 | 43 | ||||||||||||||||||||||
Progress Energy | 225 | 232 | 104 | ||||||||||||||||||||||
Duke Energy Progress | 153 | 164 | 88 | ||||||||||||||||||||||
Duke Energy Florida | 72 | 68 | 15 | ||||||||||||||||||||||
Duke Energy Ohio | 14 | 14 | 19 | ||||||||||||||||||||||
Duke Energy Indiana | 22 | 20 | 24 | ||||||||||||||||||||||
The following table presents future minimum lease payments under operating leases, which at inception had a non-cancelable term of more than one year. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
2014 | $ | 175 | $ | 34 | $ | 93 | $ | 55 | $ | 39 | $ | 12 | $ | 18 | |||||||||||
2015 | 159 | 29 | 89 | 51 | 39 | 11 | 15 | ||||||||||||||||||
2016 | 147 | 24 | 90 | 51 | 39 | 8 | 12 | ||||||||||||||||||
2017 | 137 | 20 | 89 | 50 | 39 | 7 | 9 | ||||||||||||||||||
2018 | 117 | 15 | 78 | 40 | 38 | 5 | 7 | ||||||||||||||||||
Thereafter | 1,034 | 67 | 773 | 459 | 314 | 18 | 8 | ||||||||||||||||||
Total | $ | 1,769 | $ | 189 | $ | 1,212 | $ | 706 | $ | 508 | $ | 61 | $ | 69 | |||||||||||
The following table presents future minimum lease payments under capital leases. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
2014 | $ | 171 | $ | 6 | $ | 47 | $ | 20 | $ | 26 | $ | 9 | $ | 5 | |||||||||||
2015 | 167 | 6 | 47 | 20 | 27 | 7 | 4 | ||||||||||||||||||
2016 | 169 | 6 | 47 | 21 | 26 | 6 | 4 | ||||||||||||||||||
2017 | 166 | 6 | 46 | 21 | 26 | 3 | 2 | ||||||||||||||||||
2018 | 176 | 6 | 45 | 21 | 25 | 3 | 2 | ||||||||||||||||||
Thereafter | 1,453 | 25 | 475 | 261 | 213 | 2 | 28 | ||||||||||||||||||
Minimum annual payments | 2,302 | 55 | 707 | 364 | 343 | 30 | 45 | ||||||||||||||||||
Less amount representing interest | -786 | -27 | -454 | -275 | -179 | -3 | -30 | ||||||||||||||||||
Total | $ | 1,516 | $ | 28 | $ | 253 | $ | 89 | $ | 164 | $ | 27 | $ | 15 | |||||||||||
Debt_and_Credit_Facilities
Debt and Credit Facilities | 12 Months Ended | ||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||
Debt And Credit Facilities [Abstract] | ' | ||||||||||||||||||||||
Debt And Credit Facilities | ' | ||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | |||||||||
Reduction to backstop issuances | |||||||||||||||||||||||
Notes payable and commercial paper(b) | -450 | ― | -300 | ― | ― | ― | -150 | ||||||||||||||||
Outstanding letters of credit | -62 | -55 | -4 | -2 | -1 | ― | ― | ||||||||||||||||
Tax-exempt bonds | -240 | ― | -75 | ― | ― | -84 | -81 | ||||||||||||||||
Available capacity | $ | 5,248 | $ | 2,195 | $ | 621 | $ | 748 | $ | 649 | $ | 566 | $ | 469 | |||||||||
(a) | Represents the sublimit of each borrower at December 31, 2013. The Duke Energy Ohio sublimit includes $100 million for Duke Energy Kentucky. | ||||||||||||||||||||||
(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 Carolinas' and Duke Energy Indiana's Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 31-Dec-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 | |||||||||||||||||||
Tax-exempt Bonds | |||||||||||||||||||||||
Duke Energy Progress | Jan-14 | 0.105 | % | 167 | |||||||||||||||||||
Other | 387 | ||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,104 | |||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||
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 | |||||||||||||||
December 2013(i) | Dec-16 | 0.852 | % | ― | 300 | ― | ― | 300 | |||||||||||||||
First Mortgage Bonds | |||||||||||||||||||||||
March 2013(j) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | |||||||||||||||
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 | $ | 800 | $ | 450 | $ | 500 | $ | 4,023 | |||||||||||||
(a) | Callable after January 2018 at par. Proceeds were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS) and to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 17 for additional information about the QUIPS. | ||||||||||||||||||||||
(b) | Proceeds were used to repay $250 million of current maturities and for general corporate purposes, including the repayment of outstanding commercial paper. | ||||||||||||||||||||||
(c) | Proceeds 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 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 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) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Progress; the proceeds were used to repay short-term debt. See Note 17 for further details. | ||||||||||||||||||||||
(j) | Proceeds were used to repay notes payable to affiliated companies as well as for general corporate purposes. | ||||||||||||||||||||||
(k) | Proceeds 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 credit spread of 35 basis points. | ||||||||||||||||||||||
(m) | Proceeds 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. | ||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Carolinas | Progress Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | Duke Energy | ||||||||||||||
Unsecured Debt | |||||||||||||||||||||||
March 2012(a) | Apr-22 | 3.15 | % | $ | ― | $ | ― | $ | 450 | $ | ― | $ | ― | $ | ― | $ | 450 | ||||||
August 2012(b) | Aug-17 | 1.63 | % | 700 | ― | ― | ― | ― | ― | 700 | |||||||||||||
August 2012(b) | Aug-22 | 3.05 | % | 500 | ― | ― | ― | ― | ― | 500 | |||||||||||||
Secured Debt | |||||||||||||||||||||||
April 2012(c) | Sep-24 | 2.64 | % | 330 | ― | ― | ― | ― | ― | 330 | |||||||||||||
December 2012(d) | Mar-13 | 2.77 | % | 203 | ― | ― | ― | ― | ― | 203 | |||||||||||||
December 2012(d) | Mar-13 | 4.74 | % | 220 | ― | ― | ― | ― | ― | 220 | |||||||||||||
December 2012(e) | Jun-13 | 1.01 | % | 190 | ― | ― | ― | ― | ― | 190 | |||||||||||||
December 2012(e) | Dec-25 | 1.56 | % | 200 | ― | ― | ― | ― | ― | 200 | |||||||||||||
First Mortgage Bonds | |||||||||||||||||||||||
March 2012(f) | Mar-42 | 4.2 | % | ― | ― | ― | ― | ― | 250 | 250 | |||||||||||||
May 2012(g) | May-22 | 2.8 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||
May 2012(g) | May-42 | 4.1 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||
September 2012(h) | Sep-42 | 4 | % | ― | 650 | ― | ― | ― | ― | 650 | |||||||||||||
November 2012(i) | Nov-15 | 0.65 | % | ― | ― | ― | ― | 250 | ― | 250 | |||||||||||||
November 2012(i) | Nov-42 | 3.85 | % | ― | ― | ― | ― | 400 | ― | 400 | |||||||||||||
Total Issuances | $ | 2,343 | $ | 650 | $ | 450 | $ | 1,000 | $ | 650 | $ | 250 | $ | 5,343 | |||||||||
(a) | Proceeds were used to repay current maturities of $450 million. | ||||||||||||||||||||||
(b) | Proceeds were used to repay current maturities of $500 million, as well as for general corporate purposes, including the repayment of commercial paper. | ||||||||||||||||||||||
(c) | Proceeds were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Debt was subsequently deconsolidated upon execution of a joint venture. See Note 17 for further details. | ||||||||||||||||||||||
(d) | Proceeds were used to fund the existing Los Vientos wind power portfolio. | ||||||||||||||||||||||
(e) | Debt issuances were executed in connection with the acquisition of Ibener. Both loans were collateralized with cash deposits equal to 101 percent of the loan amounts. See Note 2 for further details. | ||||||||||||||||||||||
(f) | Proceeds were used to repay a portion of outstanding short-term debt. | ||||||||||||||||||||||
(g) | Proceeds were used to repay current maturities of $500 million, a portion of outstanding commercial paper and notes payable to affiliated companies. | ||||||||||||||||||||||
(h) | Proceeds were used to repay current maturities of $420 million, as well as for general corporate purposes, including the funding of capital expenditures. | ||||||||||||||||||||||
(i) | Proceeds will be used to repay current maturities of $425 million, as well as for general corporate purposes. | ||||||||||||||||||||||
6. DEBT AND CREDIT FACILITIES | |||||||||||||||||||||||
Summary of Debt and Related Terms | |||||||||||||||||||||||
The following tables summarize outstanding debt. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Weighted Average Interest Rate | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Unsecured debt, maturing 2014 - 2073 | 5.18 | % | $ | 13,550 | $ | 1,157 | $ | 4,150 | $ | ― | $ | 150 | $ | 805 | $ | 744 | |||||||
Secured debt, maturing 2014 - 2037 | 2.69 | % | 2,559 | 400 | 305 | 305 | ― | ― | ― | ||||||||||||||
First mortgage bonds, maturing 2015 - 2043(a) | 4.9 | % | 17,831 | 6,161 | 8,450 | 4,125 | 4,325 | 900 | 2,319 | ||||||||||||||
Capital leases, maturing 2014 - 2051(b) | 5.23 | % | 1,516 | 30 | 327 | 148 | 179 | 27 | 20 | ||||||||||||||
Other debt, maturing 2027 | 4.77 | % | 8 | ― | ― | ― | ― | 8 | ― | ||||||||||||||
Tax-exempt bonds, maturing 2014 - 2041(c) | 1.28 | % | 2,356 | 395 | 910 | 669 | 241 | 479 | 573 | ||||||||||||||
Notes payable and commercial paper(d) | 1.02 | % | 1,289 | ― | ― | ― | ― | ― | ― | ||||||||||||||
Money pool/intercompany borrowings | ― | 300 | 1,213 | 462 | 181 | 43 | 150 | ||||||||||||||||
Fair value hedge carrying value adjustment | 9 | 9 | ― | ― | ― | ― | ― | ||||||||||||||||
Unamortized debt discount and premium, net(e) | 1,977 | -16 | -27 | -12 | -9 | -31 | -10 | ||||||||||||||||
Total debt | 41,095 | 8,436 | 15,328 | 5,697 | 5,067 | 2,231 | 3,796 | ||||||||||||||||
Short-term notes payable and commercial paper | -839 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Short-term money pool borrowings | ― | ― | -1,213 | -462 | -181 | -43 | ― | ||||||||||||||||
Current maturities of long-term debt | -2,104 | -47 | -485 | -174 | -11 | -47 | -5 | ||||||||||||||||
Total long-term debt(f) | $ | 38,152 | $ | 8,389 | $ | 13,630 | $ | 5,061 | $ | 4,875 | $ | 2,141 | $ | 3,791 | |||||||||
(a) | Substantially all electric utility fixed assets are mortgaged under mortgage bond indentures. | ||||||||||||||||||||||
(b) | Duke Energy includes $144 million and $838 million of capital lease purchase accounting adjustments related to Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases in their financial statements because of grandfathering provisions in GAAP. | ||||||||||||||||||||||
(c) | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | ||||||||||||||||||||||
(d) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 49 days. | ||||||||||||||||||||||
(e) | Duke Energy includes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | ||||||||||||||||||||||
(f) | Includes $1,966 million for Duke Energy, $400 million for Duke Energy Carolinas and $300 million for Progress Energy and Duke Energy Progress related to consolidated VIEs. | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Weighted Average Interest Rate | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Unsecured debt, maturing 2013 - 2039 | 5.44 | % | $ | 12,722 | $ | 1,159 | $ | 4,150 | $ | ― | $ | 150 | $ | 805 | $ | 1,146 | |||||||
Secured debt, maturing 2013 - 2037 | 3.08 | % | 1,873 | 300 | 5 | 5 | ― | ― | ― | ||||||||||||||
First mortgage bonds, maturing 2013 - 2042(a) | 5 | % | 17,856 | 6,562 | 8,775 | 4,025 | 4,750 | 700 | 1,819 | ||||||||||||||
Capital leases, maturing 2013 - 2051(b) | 5.19 | % | 1,689 | 32 | 339 | 150 | 189 | 35 | 23 | ||||||||||||||
Junior subordinated debt, maturing 2039 | 7.1 | % | 309 | ― | 309 | ― | ― | ― | ― | ||||||||||||||
Other debt, maturing 2027 | 4.77 | % | 8 | ― | ― | ― | ― | 8 | ― | ||||||||||||||
Tax exempt bonds, maturing 2014 - 2041(c) | 1.39 | % | 2,357 | 395 | 910 | 669 | 241 | 479 | 573 | ||||||||||||||
Notes payable and commercial paper(d) | 0.83 | % | 1,507 | ― | ― | ― | ― | ― | ― | ||||||||||||||
Money pool/intercompany borrowings | ― | 300 | 455 | 364 | ― | 245 | 231 | ||||||||||||||||
Fair value hedge carrying value adjustment | 12 | 10 | ― | ― | ― | 2 | ― | ||||||||||||||||
Unamortized debt discount and premium, net(e) | 2,185 | -17 | -60 | -9 | -10 | -32 | -9 | ||||||||||||||||
Total debt | 40,518 | 8,741 | 14,883 | 5,204 | 5,320 | 2,242 | 3,783 | ||||||||||||||||
Short-term notes payable and commercial paper | -1,057 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Short-term money pool borrowings | ― | ― | -455 | -364 | ― | -245 | -81 | ||||||||||||||||
Current maturities of long-term debt | -3,110 | -406 | -843 | -407 | -435 | -261 | -405 | ||||||||||||||||
Total long-term debt(f) | $ | 36,351 | $ | 8,335 | $ | 13,585 | $ | 4,433 | $ | 4,885 | $ | 1,736 | $ | 3,297 | |||||||||
(a) | Substantially all electric utility fixed assets are mortgaged under mortgage bond indentures. | ||||||||||||||||||||||
(b) | Duke Energy includes $158 million and $907 million of capital lease purchase accounting adjustments for Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases on their financial statements because of grandfathering provisions in GAAP. | ||||||||||||||||||||||
(c) | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | ||||||||||||||||||||||
(d) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 18 days. | ||||||||||||||||||||||
(e) | Duke Energy includes $2,311 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | ||||||||||||||||||||||
(f) | Includes $852 million for Duke Energy and $300 million for Duke Energy Carolinas related to consolidated VIEs. | ||||||||||||||||||||||
Current Maturities of Long-Term Debt | |||||||||||||||||||||||
The following table shows the significant components of Current maturities of long-term debt on the respective Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations primarily with cash on hand and proceeds from additional borrowings. | |||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 31-Dec-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 | |||||||||||||||||||
Tax-exempt Bonds | |||||||||||||||||||||||
Duke Energy Progress | Jan-14 | 0.105 | % | 167 | |||||||||||||||||||
Other | 387 | ||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,104 | |||||||||||||||||||||
Maturities and Call Options | |||||||||||||||||||||||
The following table shows the annual maturities of long-term debt for the next five years and thereafter. Amounts presented exclude short-term notes payable and commercial paper and money pool borrowings for the Subsidiary Registrants. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy(a) | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
2014 | $ | 2,104 | $ | 47 | $ | 485 | $ | 174 | $ | 11 | $ | 47 | $ | 5 | |||||||||
2015 | 2,634 | 507 | 1,264 | 702 | 562 | 157 | 5 | ||||||||||||||||
2016 | 2,975 | 756 | 614 | 302 | 12 | 56 | 480 | ||||||||||||||||
2017 | 1,342 | 116 | 265 | 3 | 262 | 2 | 3 | ||||||||||||||||
2018 | 3,235 | 1,505 | 603 | 59 | 544 | 3 | 153 | ||||||||||||||||
Thereafter | 25,899 | 5,505 | 10,884 | 3,995 | 3,495 | 1,923 | 3,150 | ||||||||||||||||
Total long-term debt, including current maturities | $ | 38,189 | $ | 8,436 | $ | 14,115 | $ | 5,235 | $ | 4,886 | $ | 2,188 | $ | 3,796 | |||||||||
(a) | Excludes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | ||||||||||||||||||||||
The Duke Energy Registrants have the ability under certain debt facilities to call and repay the obligation prior to its scheduled maturity. Therefore, the actual timing of future cash repayments could be materially different than as presented above. | |||||||||||||||||||||||
Short-term Obligations Classified as Long-term Debt | |||||||||||||||||||||||
Tax-exempt bonds that may be put to the Company at the option of the holder and certain commercial paper issuances and money pool borrowings are classified as Long-term debt on the Consolidated Balance Sheets. These tax-exempt bonds, commercial paper issuances and money pool borrowings, which are short-term obligations by nature, are classified as long term due to Duke Energy's intent and ability to utilize such borrowings as long-term financing. As Duke Energy's master credit facility and other bilateral letter of credit agreements have non-cancelable terms in excess of one year as of the balance sheet date, Duke Energy has the ability to refinance these short-term obligations on a long-term basis. The following tables show short-term obligations classified as long-term debt. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||
Tax-exempt bonds | $ | 471 | $ | 75 | $ | 111 | $ | 285 | |||||||||||||||
Notes payable and commercial paper | 450 | 300 | ― | 150 | |||||||||||||||||||
Secured debt(a) | 200 | ― | ― | ― | |||||||||||||||||||
Total | $ | 1,121 | $ | 375 | $ | 111 | $ | 435 | |||||||||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||
Tax exempt bonds | $ | 471 | $ | 75 | $ | 111 | $ | 285 | |||||||||||||||
Notes payable and commercial paper | 450 | 300 | ― | 150 | |||||||||||||||||||
Secured debt(a) | 200 | ― | ― | ― | |||||||||||||||||||
DERF(b) | 300 | 300 | |||||||||||||||||||||
Total | $ | 1,421 | $ | 675 | $ | 111 | $ | 435 | |||||||||||||||
(a) | Instrument has a term of less than one year with the right to extend the maturity date for additional one-year periods with a final maturity date no later than December 2026. | ||||||||||||||||||||||
(a) | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. See Note 17 for further information. | ||||||||||||||||||||||
Summary of SIGNIFICANT Debt ISSUANCES | |||||||||||||||||||||||
The following tables summarize significant debt issuances (in millions). | |||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||
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 | |||||||||||||||
December 2013(i) | Dec-16 | 0.852 | % | ― | 300 | ― | ― | 300 | |||||||||||||||
First Mortgage Bonds | |||||||||||||||||||||||
March 2013(j) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | |||||||||||||||
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 | $ | 800 | $ | 450 | $ | 500 | $ | 4,023 | |||||||||||||
(a) | Callable after January 2018 at par. Proceeds were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS) and to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 17 for additional information about the QUIPS. | ||||||||||||||||||||||
(b) | Proceeds were used to repay $250 million of current maturities and for general corporate purposes, including the repayment of outstanding commercial paper. | ||||||||||||||||||||||
(c) | Proceeds 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 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 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) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Progress; the proceeds were used to repay short-term debt. See Note 17 for further details. | ||||||||||||||||||||||
(j) | Proceeds were used to repay notes payable to affiliated companies as well as for general corporate purposes. | ||||||||||||||||||||||
(k) | Proceeds 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 credit spread of 35 basis points. | ||||||||||||||||||||||
(m) | Proceeds 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. | ||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Carolinas | Progress Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | Duke Energy | ||||||||||||||
Unsecured Debt | |||||||||||||||||||||||
March 2012(a) | Apr-22 | 3.15 | % | $ | ― | $ | ― | $ | 450 | $ | ― | $ | ― | $ | ― | $ | 450 | ||||||
August 2012(b) | Aug-17 | 1.63 | % | 700 | ― | ― | ― | ― | ― | 700 | |||||||||||||
August 2012(b) | Aug-22 | 3.05 | % | 500 | ― | ― | ― | ― | ― | 500 | |||||||||||||
Secured Debt | |||||||||||||||||||||||
April 2012(c) | Sep-24 | 2.64 | % | 330 | ― | ― | ― | ― | ― | 330 | |||||||||||||
December 2012(d) | Mar-13 | 2.77 | % | 203 | ― | ― | ― | ― | ― | 203 | |||||||||||||
December 2012(d) | Mar-13 | 4.74 | % | 220 | ― | ― | ― | ― | ― | 220 | |||||||||||||
December 2012(e) | Jun-13 | 1.01 | % | 190 | ― | ― | ― | ― | ― | 190 | |||||||||||||
December 2012(e) | Dec-25 | 1.56 | % | 200 | ― | ― | ― | ― | ― | 200 | |||||||||||||
First Mortgage Bonds | |||||||||||||||||||||||
March 2012(f) | Mar-42 | 4.2 | % | ― | ― | ― | ― | ― | 250 | 250 | |||||||||||||
May 2012(g) | May-22 | 2.8 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||
May 2012(g) | May-42 | 4.1 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||
September 2012(h) | Sep-42 | 4 | % | ― | 650 | ― | ― | ― | ― | 650 | |||||||||||||
November 2012(i) | Nov-15 | 0.65 | % | ― | ― | ― | ― | 250 | ― | 250 | |||||||||||||
November 2012(i) | Nov-42 | 3.85 | % | ― | ― | ― | ― | 400 | ― | 400 | |||||||||||||
Total Issuances | $ | 2,343 | $ | 650 | $ | 450 | $ | 1,000 | $ | 650 | $ | 250 | $ | 5,343 | |||||||||
(a) | Proceeds were used to repay current maturities of $450 million. | ||||||||||||||||||||||
(b) | Proceeds were used to repay current maturities of $500 million, as well as for general corporate purposes, including the repayment of commercial paper. | ||||||||||||||||||||||
(c) | Proceeds were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Debt was subsequently deconsolidated upon execution of a joint venture. See Note 17 for further details. | ||||||||||||||||||||||
(d) | Proceeds were used to fund the existing Los Vientos wind power portfolio. | ||||||||||||||||||||||
(e) | Debt issuances were executed in connection with the acquisition of Ibener. Both loans were collateralized with cash deposits equal to 101 percent of the loan amounts. See Note 2 for further details. | ||||||||||||||||||||||
(f) | Proceeds were used to repay a portion of outstanding short-term debt. | ||||||||||||||||||||||
(g) | Proceeds were used to repay current maturities of $500 million, a portion of outstanding commercial paper and notes payable to affiliated companies. | ||||||||||||||||||||||
(h) | Proceeds were used to repay current maturities of $420 million, as well as for general corporate purposes, including the funding of capital expenditures. | ||||||||||||||||||||||
(i) | Proceeds will be used to repay current maturities of $425 million, as well as for general corporate purposes. | ||||||||||||||||||||||
Available Credit Facilities | |||||||||||||||||||||||
Duke Energy has a master credit facility with a capacity of $6 billion through December 2018. The Subsidiary Registrants, excluding Progress Energy each have borrowing capacity under the master credit facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. The amount available under the master credit facility has been reduced to backstop the issuances of commercial paper, certain letters of credit and variable-rate demand tax-exempt bonds that may be put to the Duke Energy Registrants at the option of the holder. The table below includes the current borrowing sublimits and available capacity under the master credit facility. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | |||||||||
Reduction to backstop issuances | |||||||||||||||||||||||
Notes payable and commercial paper(b) | -450 | ― | -300 | ― | ― | ― | -150 | ||||||||||||||||
Outstanding letters of credit | -62 | -55 | -4 | -2 | -1 | ― | ― | ||||||||||||||||
Tax-exempt bonds | -240 | ― | -75 | ― | ― | -84 | -81 | ||||||||||||||||
Available capacity | $ | 5,248 | $ | 2,195 | $ | 621 | $ | 748 | $ | 649 | $ | 566 | $ | 469 | |||||||||
(a) | Represents the sublimit of each borrower at December 31, 2013. The Duke Energy Ohio sublimit includes $100 million for Duke Energy Kentucky. | ||||||||||||||||||||||
(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 Carolinas' and Duke Energy Indiana's Condensed Consolidated Balance Sheets. | ||||||||||||||||||||||
Other Debt Matters | |||||||||||||||||||||||
In September 2013, Duke Energy filed a registration statement (Form S-3) with the SEC. Under this Form S-3, which is uncapped, the Duke Energy Registrants, excluding Progress Energy, may issue debt and other securities in the future at amounts, prices and with terms to be determined at the time of future offerings. The registration statement also allows for the issuance of common stock by Duke Energy. | |||||||||||||||||||||||
Duke Energy has an effective Form S-3 with the SEC to sell up to $3 billion of variable denomination floating-rate demand notes, called PremierNotes. The Form S-3 states that no more than $1.5 billion of the notes will be outstanding at any particular time. The notes are offered on a continuous basis and bear interest at a floating rate per annum determined by the Duke Energy PremierNotes Committee, or its designee, on a weekly basis. The interest rate payable on notes held by an investor may vary based on the principal amount of the investment. The notes have no stated maturity date, are non-transferable and may be redeemed in whole or in part by Duke Energy or at the investor's option at any time. The balance as of December 31, 2013 and 2012 was $836 million and $395 million, respectively. The notes are short-term debt obligations of Duke Energy and are reflected as Notes payable and commercial paper on Duke Energy's Consolidated Balance Sheets. | |||||||||||||||||||||||
At December 31, 2013 and 2012, $811 million and $734 million, respectively, of debt issued by Duke Energy Carolinas was guaranteed by Duke Energy. | |||||||||||||||||||||||
Money Pool | |||||||||||||||||||||||
The Subsidiary Registrants, excluding Progress Energy receive support for their short-term borrowing needs through participation with Duke Energy and certain of its subsidiaries in a money pool arrangement. Under this arrangement, those companies with short-term funds may provide short-term loans to affiliates participating in this arrangement. The money pool is structured such that the Subsidiary Registrants, excluding Progress Energy separately manage their cash needs and working capital requirements. Accordingly, there is no net settlement of receivables and payables between money pool participants. Duke Energy (Parent), may loan funds to its participating subsidiaries, but may not borrow funds through the money pool. Accordingly, as the money pool activity is between Duke Energy and its wholly owned subsidiaries, all money pool balances are eliminated within Duke Energy's Consolidated Balance Sheets. | |||||||||||||||||||||||
Money pool receivable balances are reflected within Notes receivable from affiliated companies on the respective Subsidiary Registrants' Consolidated Balance Sheets. Money pool payable balances are reflected within either Notes payable to affiliated companies or Long-term debt payable to affiliated companies on the respective Consolidated Balance Sheets. | |||||||||||||||||||||||
Restrictive Debt Covenants | |||||||||||||||||||||||
The Duke Energy Registrants' debt and credit agreements contain various financial and other covenants. The master credit facility contains a covenant requiring the debt-to-total capitalization ratio not exceed 65 percent for each borrower. Failure to meet those covenants beyond applicable grace periods could result in accelerated due dates and/or termination of the agreements. As of December 31, 2013, each of the Duke Energy Registrants were in compliance with all covenants related to its significant debt agreements. In addition, some credit agreements may allow for acceleration of payments or termination of the agreements due to nonpayment, or acceleration of other significant indebtedness of the borrower or some of its subsidiaries. None of the significant debt or credit agreements contain material adverse change clauses. | |||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||
During 2013 and 2012, Duke Energy and Duke Energy Progress had loans outstanding against the cash surrender value of life insurance policies it owns on the lives of its executives. The amounts outstanding were $571 million, including $48 million at Duke Energy Progress and $496 million as of December 31, 2013 and 2012, respectively. The amounts outstanding were carried as a reduction of the related cash surrender value that is included in Other within Investments and Other Assets on the Consolidated Balance Sheets. |
Guarantees_and_Indemnification
Guarantees and Indemnifications | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Guarantees [Abstract] | ' | |||||||
Guarantees and Indemnifications | ' | |||||||
7. GUARANTEES AND INDEMNIFICATIONS | ||||||||
Duke Energy and Progress Energy have various financial and performance guarantees and indemnifications, which are issued in the normal course of business. As discussed below, these contracts include performance guarantees, stand-by letters of credit, debt guarantees, surety bonds and indemnifications. Duke Energy and Progress Energy enter into these arrangements to facilitate commercial transactions with third parties by enhancing the value of the transaction to the third party. At December 31, 2013, Duke Energy and Progress Energy do not believe conditions are likely for significant performance under these guarantees. To the extent liabilities are incurred as a result of the activities covered by the guarantees, such liabilities are included on the accompanying Consolidated Balance Sheets. | ||||||||
On January 2, 2007, Duke Energy completed the spin-off of its natural gas businesses to shareholders. Guarantees issued by Duke Energy or its affiliates, or assigned to Duke Energy prior to the spin-off, remained with Duke Energy subsequent to the spin-off. Guarantees issued by Spectra Energy Capital, LLC, formerly known as Duke Capital LLC, (Spectra Capital) or its affiliates prior to the spin-off remained with Spectra Capital subsequent to the spin-off, except for guarantees that were later assigned to Duke Energy. Duke Energy has indemnified Spectra Capital against any losses incurred under certain of the guarantee obligations that remain with Spectra Capital. At December 31, 2013, the maximum potential amount of future payments associated with these guarantees was $205 million, the majority of which expires by 2028. | ||||||||
Duke Energy has issued performance guarantees to customers and other third parties that guarantee the payment and performance of other parties, including certain non-wholly owned entities, as well as guarantees of debt of certain non-consolidated entities and less than wholly owned consolidated entities. If such entities were to default on payments or performance, Duke Energy would be required under the guarantees to make payments on the obligations of the less than wholly owned entity. The maximum potential amount of future payments required under these guarantees as of December 31, 2013, was $285 million. Of this amount, $15 million relates to guarantees issued on behalf of less than wholly owned consolidated entities, with the remainder related to guarantees issued on behalf of third parties and unconsolidated affiliates of Duke Energy. Of the guarantees noted above, $102 million of the guarantees expire between 2015 and 2033, with the remaining performance guarantees having no contractual expiration. | ||||||||
Duke Energy has guaranteed certain issuers of surety bonds, obligating itself to make payment upon the failure of a wholly owned and former non-wholly owned entity to honor its obligations to a third party. Under these arrangements, Duke Energy has payment obligations that are triggered by a draw by the third party or customer due to the failure of the wholly owned or former non-wholly owned entity to perform according to the terms of its underlying contract. At December 31, 2013, Duke Energy had guaranteed $92 million of outstanding surety bonds. Of this amount, $54 million, expire in 2014, the remaining expires between 2015 – 2021. | ||||||||
At December 31, 2013, Duke Energy had $457 million of unused bank-issued stand-by letters of credit to secure the performance of wholly owned and non-wholly owned entities to a third party or customer. | ||||||||
Duke Energy and Progress Energy has issued indemnifications for certain asset performance, legal, tax and environmental matters to third parties, including indemnifications made in connection with sales of businesses. At December 31, 2013, the estimated maximum exposure for these indemnifications was $117 million, the majority of which expires in 2017. Of this amount, $7 million has no contractual expiration. For certain matters for which Progress Energy receives timely notice, indemnity obligations may extend beyond the notice period. Certain indemnifications related to discontinued operations have no limitations as to time or maximum potential future payments. | ||||||||
The following table includes the liabilities recognized for the guarantees discussed above. These amounts are primarily recorded in Other within Deferred Credits and other Liabilities on the Consolidated Balance Sheets. As current estimates change, additional losses related to guarantees and indemnifications to third parties, which could be material, may be recorded by the Duke Energy Registrants in the future. The decrease in 2013 was mainly due the expiration of guarantees. Accruals and expenditures were not material. | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Duke Energy | $ | 24 | $ | 41 | ||||
Progress Energy | 9 | 25 | ||||||
Duke Energy Florida | 3 | 17 | ||||||
Joint_Ownership_Of_Generating_
Joint Ownership Of Generating and Transmission Facilities | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Joint Ownership Of Generating And Transmission Facilities [Abstract] | ' | |||||||||||||
Joint Ownership Of Generating And Transmission Facilities | ' | |||||||||||||
8. Joint Ownership of Generating and Transmission Facilities | ||||||||||||||
The Duke Energy Registrants hold ownership interests in certain jointly owned generating and transmission facilities. The Duke Energy Registrants are entitled to shares of the generating capacity and output of each unit equal to their respective ownership interests. The Duke Energy Registrants pay their ownership share of additional construction costs, fuel inventory purchases and operating expenses, except in certain instances where agreements have been executed to limit certain joint owners' maximum exposure to the additional costs. The Duke Energy Registrants share of revenues and operating costs of the jointly owned generating facilities is included within the corresponding line in the Consolidated Statements of Operations. Each participant in the jointly owned facilities must provide its own financing, except in certain instances where agreements have been executed to limit certain joint owners' maximum exposure to the additional costs. | ||||||||||||||
The following table presents the share of jointly owned plant or facilities included on the Consolidated Balance Sheets. All facilities are operated by the Duke Energy Registrants unless otherwise noted. | ||||||||||||||
31-Dec-13 | ||||||||||||||
Ownership Share | Property, Plant and Equipment | Accumulated Depreciation | Construction Work in Progress | |||||||||||
Duke Energy Carolinas | ||||||||||||||
Catawba Nuclear Station (Units 1 and 2)(a)(b) | 19.25 | % | $ | 887 | $ | 498 | $ | ― | ||||||
Duke Energy Progress | ||||||||||||||
Mayo Station(a)(c) | 83.83 | 856 | 303 | 104 | ||||||||||
Shearon Harris Nuclear Station(a)(c) | 83.83 | 3,620 | 2,018 | 67 | ||||||||||
Brunswick Nuclear Station(a)(c) | 81.67 | 1,921 | 1,005 | 176 | ||||||||||
Roxboro Station (Unit 4)(a)(c) | 87.06 | 754 | 473 | 13 | ||||||||||
Duke Energy Florida | ||||||||||||||
Crystal River Nuclear Station (Unit 3)(a)(d) | 91.78 | ― | ― | ― | ||||||||||
Intercession City Station (Unit P11)(a)(e) | 66.67 | 25 | 13 | ― | ||||||||||
Duke Energy Ohio | ||||||||||||||
Miami Fort Station (Units 7 and 8)(f)(g) | 64 | 624 | 232 | 1 | ||||||||||
W.C. Beckjord Station (Unit 6)(f)(h) | 37.5 | ― | ― | ― | ||||||||||
J.M. Stuart Station(f)(h)(i) | 39 | 823 | 281 | 16 | ||||||||||
Conesville Station (Unit 4)(f)(h)(i) | 40 | 318 | 49 | 3 | ||||||||||
W.M. Zimmer Station(f)(h) | 46.5 | 1,358 | 574 | 4 | ||||||||||
Killen Station(f)(g)(i) | 33 | 308 | 139 | 2 | ||||||||||
East Bend Station(a)(g) | 69 | 447 | 240 | 13 | ||||||||||
Transmission facilities(a)(h) | Various | 96 | 49 | ― | ||||||||||
Duke Energy Indiana | ||||||||||||||
Gibson Station (Unit 5)(a)(j) | 50.05 | 308 | 160 | 2 | ||||||||||
Vermillion(a)(k) | 62.5 | 154 | 61 | ― | ||||||||||
Transmission and local facilities(a)(j) | Various | 3,726 | 1,582 | ― | ||||||||||
International Energy | ||||||||||||||
Brazil - Canoas I and II(l) | 47.2 | 266 | 83 | ― | ||||||||||
(a) | Included in Regulated Utilities segment. | |||||||||||||
(b) | Co-owned with North Carolina Municipal Power Agency Number 1, NCEMC and Piedmont Municipal Power Agency. | |||||||||||||
(c) | Co-owned with North Carolina Eastern Municipal Power Agency. | |||||||||||||
(d) | All costs associated with Crystal River Unit 3 are included within Regulatory assets on the Consolidated Balance Sheets of Duke Energy, Progress Energy and Duke Energy Florida. See Note 4 for additional information. Co-owned with Seminole Electric Cooperative, Inc., City of Ocala, Orlando Utilities Commission, City of Gainesville, City of Leesburg, Kissimmee Utility Authority, Utilities Commission of the City of New Smyrna Beach, City of Alachua and City of Bushnell. | |||||||||||||
(e) | Co-owned with Georgia Power Company. Georgia Power Company has exclusive rights to the output of the unit during the months of June through September. | |||||||||||||
(f) | Included in Commercial Power segment. | |||||||||||||
(g) | Co-owned with The Dayton Power and Light Company. | |||||||||||||
(h) | Co-owned with The Dayton Power and Light Company and Ohio Power Company. | |||||||||||||
(i) | Station is not operated by Duke Energy Ohio. | |||||||||||||
(j) | Co-owned with WVPA and Indiana Municipal Power Agency. | |||||||||||||
(k) | Co-owned with WVPA. | |||||||||||||
(l) | Included in International Energy segment. Co-owned with Companhia Brasileira de Aluminio. | |||||||||||||
Asset_Retirement_Obligations
Asset Retirement Obligations | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Asset Retirement Obligation [Abstract] | ' | |||||||||||||||||||||
Asset Retirement Obligations | ' | |||||||||||||||||||||
9. Asset Retirement Obligations | ||||||||||||||||||||||
Asset retirement obligations recognized by Duke Energy Carolinas, Progress Energy, Duke Energy Progress and Duke Energy Florida relate primarily to decommissioning nuclear power facilities, asbestos removal and closure of landfills at fossil generation facilities. Asset retirement obligations at Duke Energy Ohio relate primarily to the retirement of gas mains, asbestos removal and closure of landfills at fossil generation facilities. Asset retirement obligations at Duke Energy Indiana relate primarily to obligations associated with asbestos removal and closure of landfills at fossil generation facilities. Duke Energy also has asset retirement obligations related to the removal of renewable energy generation assets in addition to the above items. Certain of the Duke Energy Registrants' assets have an indeterminate life, such as transmission and distribution facilities, and thus the fair value of the retirement obligation is not reasonably estimable. A liability for these asset retirement obligations will be recorded when a fair value is determinable. | ||||||||||||||||||||||
The following table presents changes in the liability associated with asset retirement obligations. | ||||||||||||||||||||||
(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 | $ | 1,936 | $ | 1,846 | $ | 1,265 | $ | 896 | $ | 369 | $ | 27 | $ | 43 | ||||||||
Acquisitions(a) | 3,062 | — | — | — | — | — | — | |||||||||||||||
Accretion expense(b) | 173 | 118 | 86 | 64 | 22 | 1 | 1 | |||||||||||||||
Liabilities settled | -15 | -3 | -2 | -2 | — | — | -10 | |||||||||||||||
Revisions in estimates of cash flows(c) | -4 | -2 | 234 | — | 234 | — | -1 | |||||||||||||||
Liabilities incurred in the current year(d) | 24 | — | 837 | 698 | 139 | — | 4 | |||||||||||||||
Balance at December 31, 2012(e) | 5,176 | 1,959 | 2,420 | 1,656 | 764 | 28 | 37 | |||||||||||||||
Acquisitions | 4 | — | — | — | — | — | — | |||||||||||||||
Accretion expense(b) | 239 | 122 | 113 | 80 | 33 | 2 | — | |||||||||||||||
Liabilities settled | -12 | — | -12 | — | -12 | — | — | |||||||||||||||
Revisions in estimates of cash flows(f) | -449 | -487 | 49 | 1 | 48 | -2 | -7 | |||||||||||||||
Balance at December 31, 2013(e) | $ | 4,958 | $ | 1,594 | $ | 2,570 | $ | 1,737 | $ | 833 | $ | 28 | $ | 30 | ||||||||
(a) | Represents asset retirement obligations resulting from the merger with Progress Energy. See Note 2 for additional information. | |||||||||||||||||||||
(b) | Substantially all accretion expense for the years ended December 31, 2013 and 2012 relates to Duke Energy’s regulated electric operations and has been deferred in accordance with regulatory accounting treatment. | |||||||||||||||||||||
(c) | For Progress Energy and Duke Energy Florida, the amounts relate to the retirement of Crystal River Unit 3. | |||||||||||||||||||||
(d) | For Progress Energy, Duke Energy Progress and Duke Energy Florida, amounts primarily relate to spent nuclear fuel disposal recorded in the third quarter of 2012 to conform to Duke Energy's assumptions for nuclear asset retirement obligations. | |||||||||||||||||||||
(e) | Balances at December 31, 2013 and 2012, include $8 million and $7 million, respectively, reported in Other current liabilities on the Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |||||||||||||||||||||
(f) | Amounts for Duke Energy, Duke Energy Carolinas and Duke Energy Florida primarily relate to the site-specific nuclear decommissioning cost studies completed in 2013. | |||||||||||||||||||||
The Duke Energy Registrants' regulated operations accrue costs of removal for property that does not have an associated legal retirement obligation based on regulatory orders from state commissions. These costs of removal are recorded as a regulatory liability in accordance with regulatory accounting treatment. The Duke Energy Registrants do not accrue the estimated cost of removal for any nonregulated assets. See Note 4 for the estimated cost of removal for assets without an associated legal retirement obligation, which are included in Regulatory liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||||
Nuclear Decommissioning Costs | ||||||||||||||||||||||
Use of the NDTF investments are restricted to nuclear decommissioning activities. The NDTF investments are managed and invested in accordance with applicable requirements of various regulatory bodies, including the NRC, FERC, NCUC, PSCSC, FPSC and the Internal Revenue Service (IRS). The fair value of assets legally restricted for purposes of settling asset retirement obligations associated with nuclear decommissioning are $4,769 million and $2,477 million for Duke Energy and Duke Energy Carolinas at December 31, 2013, respectively, and $3,941 million and $2,053 million for Duke Energy and Duke Energy Carolinas at December 31, 2012, respectively. The NDTF balances for Progress Energy, Duke Energy Progress and Duke Energy Florida represent the fair value of assets legally restricted for purposes of settling asset retirement obligations associated with nuclear decommissioning. The NCUC, PSCSC and FPSC require updated cost estimates for decommissioning nuclear plants every five years. | ||||||||||||||||||||||
The following table summarizes information about nuclear decommissioning cost studies. | ||||||||||||||||||||||
(in millions) | Annual Funding Requirement | Decommissioning Costs(a)(b) | Year of Cost Study | |||||||||||||||||||
Duke Energy Carolinas | $ | 21 | $ | 3,420 | 2013 | |||||||||||||||||
Duke Energy Progress | 14 | 3,000 | 2009 | |||||||||||||||||||
Duke Energy Florida | ― | 1,083 | 2013 | |||||||||||||||||||
(a) | Represents cost per the most recent site-specific nuclear decommissioning cost studies, including costs to decommission plant components not subject to radioactive contamination. | |||||||||||||||||||||
(b) | Includes the Duke Energy Registrants' ownership interest in jointly owned reactors. Other joint owners are responsible for decommissioning costs related to their interest in the reactors. | |||||||||||||||||||||
Nuclear Operating Licenses | ||||||||||||||||||||||
Operating licenses for nuclear units are subject to extension. The following table includes the current expiration of nuclear operating licenses. | ||||||||||||||||||||||
Unit | Year of Expiration | |||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
Catawba Unit 1 | 2043 | |||||||||||||||||||||
Catawba Unit 2 | 2043 | |||||||||||||||||||||
McGuire Unit 1 | 2041 | |||||||||||||||||||||
McGuire Unit 2 | 2043 | |||||||||||||||||||||
Oconee Unit 1 | 2033 | |||||||||||||||||||||
Oconee Unit 2 | 2033 | |||||||||||||||||||||
Oconee Unit 3 | 2034 | |||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Brunswick Unit 1 | 2036 | |||||||||||||||||||||
Brunswick Unit 2 | 2034 | |||||||||||||||||||||
Harris | 2046 | |||||||||||||||||||||
Robinson | 2030 | |||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
Crystal River Unit 3(a) | 2016 | |||||||||||||||||||||
(a) | Duke Energy Florida has requested the NRC terminate the Crystal River Unit 3 operating license as a result of the retirement of the unit. | |||||||||||||||||||||
Property_Plant_Equipment
Property, Plant & Equipment | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||||||||||||||
Property, Plant and Equipment | ' | |||||||||||||||||||
10. PROPERTY, PLANT AND EQUIPMENT | ||||||||||||||||||||
The following tables summarize the property, plant and equipment. | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
(in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||
Land | $ | 1,481 | $ | 397 | $ | 705 | $ | 383 | $ | 321 | $ | 137 | $ | 105 | ||||||
Plant - Regulated | ||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 125 | 78,272 | 30,018 | 31,792 | 19,190 | 12,601 | 3,925 | 11,594 | ||||||||||
Natural gas transmission and distribution | 12 | - | 67 | 2,138 | ― | ― | ― | ― | 2,138 | ― | ||||||||||
Other buildings and improvements | 2 | - | 100 | 1,397 | 447 | 610 | 282 | 315 | 190 | 159 | ||||||||||
Plant - Nonregulated | ||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 100 | 6,267 | ― | ― | ― | ― | 4,017 | ― | ||||||||||
Other buildings and improvements | 9 | - | 100 | 2,512 | ― | ― | ― | ― | 5 | ― | ||||||||||
Nuclear fuel | 2,458 | 1,446 | 1,012 | 1,012 | ― | ― | ― | |||||||||||||
Equipment | 1 | - | 33 | 1,557 | 287 | 621 | 357 | 94 | 317 | 146 | ||||||||||
Construction in process | 3,595 | 1,741 | 873 | 631 | 238 | 166 | 307 | |||||||||||||
Other | 5 | - | 33 | 3,438 | 570 | 867 | 418 | 294 | 248 | 178 | ||||||||||
Total property, plant and equipment(a)(d) | 103,115 | 34,906 | 36,480 | 22,273 | 13,863 | 11,143 | 12,489 | |||||||||||||
Total accumulated depreciation - regulated(b)(c)(d) | -31,659 | -11,894 | -13,098 | -8,623 | -4,252 | -2,160 | -3,913 | |||||||||||||
Total accumulated depreciation - nonregulated(c)(d) | -1,966 | ― | ― | ― | ― | -748 | ― | |||||||||||||
Total net property, plant and equipment | $ | 69,490 | $ | 23,012 | $ | 23,382 | $ | 13,650 | $ | 9,611 | $ | 8,235 | $ | 8,576 | ||||||
(a) | Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases. | |||||||||||||||||||
(b) | Includes $1,118 million, $681 million, $438 million and $438 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||
(c) | Includes accumulated amortization of capitalized leases of $40 million, $4 million, $21 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | |||||||||||||||||||
(d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy. | |||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||
(in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||
Land | $ | 1,368 | $ | 378 | $ | 618 | $ | 380 | $ | 239 | $ | 136 | $ | 90 | ||||||
Plant - Regulated | ||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 138 | 73,181 | 29,269 | 30,250 | 18,009 | 12,041 | 3,774 | 8,622 | ||||||||||
Natural gas transmission and distribution | 12 | - | 60 | 2,026 | ― | ― | ― | ― | 2,026 | ― | ||||||||||
Other buildings and improvements | 2 | - | 100 | 1,319 | 444 | 609 | 283 | 318 | 125 | 149 | ||||||||||
Plant - Nonregulated | ||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 100 | 6,055 | ― | ― | ― | ― | 3,870 | ― | ||||||||||
Other buildings and improvements | 9 | - | 90 | 2,940 | ― | ― | ― | ― | 191 | ― | ||||||||||
Nuclear fuel | 2,127 | 1,277 | 850 | 850 | ― | ― | ― | |||||||||||||
Equipment | 1 | - | 34 | 1,448 | 279 | 604 | 336 | 90 | 255 | 141 | ||||||||||
Construction in process | 6,655 | 1,996 | 1,424 | 946 | 474 | 204 | 2,836 | |||||||||||||
Other | 5 | - | 60 | 3,272 | 547 | 791 | 380 | 270 | 243 | 174 | ||||||||||
Total property, plant and equipment(a)(d) | 100,391 | 34,190 | 35,146 | 21,184 | 13,432 | 10,824 | 12,012 | |||||||||||||
Total accumulated depreciation - regulated(b)(c)(d) | -29,471 | -11,437 | -12,512 | -8,185 | -4,072 | -1,995 | -3,692 | |||||||||||||
Total accumulated depreciation - nonregulated(c)(d) | -2,498 | ― | ― | ― | ― | -703 | ― | |||||||||||||
Generation facilities to be retired, net | 136 | 73 | 63 | 63 | ― | ― | ― | |||||||||||||
Total net property, plant and equipment | $ | 68,558 | $ | 22,826 | $ | 22,697 | $ | 13,062 | $ | 9,360 | $ | 8,126 | $ | 8,320 | ||||||
(a) | Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases. | |||||||||||||||||||
(b) | Includes $857 million, $557 million, $300 million and $300 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||
(c) | Includes accumulated amortization of capitalized leases of $34 million, $3 million, $12 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | |||||||||||||||||||
(d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy. | |||||||||||||||||||
The following table presents capitalized interest, which includes the debt component of AFUDC. | ||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||
Duke Energy | $ | 90 | $ | 177 | $ | 166 | ||||||||||||||
Duke Energy Carolinas | 41 | 72 | 78 | |||||||||||||||||
Progress Energy | 19 | 41 | 35 | |||||||||||||||||
Duke Energy Progress | 16 | 23 | 20 | |||||||||||||||||
Duke Energy Florida | 3 | 18 | 15 | |||||||||||||||||
Duke Energy Ohio | 12 | 15 | 9 | |||||||||||||||||
Duke Energy Indiana | 9 | 39 | 33 | |||||||||||||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Goodwill and Intangibles [Abstract] | ' | |||||||||||||||||||||
Goodwill and Intangible Assets | ' | |||||||||||||||||||||
11. GOODWILL AND INTANGIBLE ASSETS | ||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||
The following tables present goodwill by reportable operating segment for Duke Energy and Duke Energy Ohio. | ||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
(in millions) | Regulated Utilities | International Energy | Commercial Power | Total | ||||||||||||||||||
Balance at December 31, 2012 | ||||||||||||||||||||||
Goodwill | $ | 15,950 | $ | 353 | $ | 933 | $ | 17,236 | ||||||||||||||
Accumulated impairment charges | ― | ― | -871 | -871 | ||||||||||||||||||
Balance at December 31, 2012, as adjusted for accumulated impairment charges | 15,950 | 353 | 62 | 16,365 | ||||||||||||||||||
Acquisitions (a) | 2 | -5 | 2 | -1 | ||||||||||||||||||
Foreign exchange and other changes | -2 | -22 | ― | -24 | ||||||||||||||||||
Balance at December 31, 2013 | ||||||||||||||||||||||
Goodwill | 15,950 | 326 | 935 | 17,211 | ||||||||||||||||||
Accumulated impairment charges | ― | ― | -871 | -871 | ||||||||||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 326 | $ | 64 | $ | 16,340 | ||||||||||||||
(a) | Amounts represent purchase price adjustments related to the Progress Energy merger at Regulated Utilities, the Chilean hydro acquisition at International Energy and a minor renewables acquisition at Commercial Power. See Note 2 for further information on purchase price adjustments related to the Progress Energy merger. | |||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
(in millions) | Regulated Utilities | 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 December 31, 2013 | ||||||||||||||||||||||
Goodwill | 1,136 | 1,188 | 2,324 | |||||||||||||||||||
Accumulated impairment charges | -216 | -1,188 | -1,404 | |||||||||||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | $ | 920 | $ | ― | $ | 920 | ||||||||||||||||
Progress Energy | ||||||||||||||||||||||
Progress Energy had Goodwill of $3,655 million as of December 31, 2013 and 2012, for which there are no accumulated impairment charges. | ||||||||||||||||||||||
Impairment Analysis | ||||||||||||||||||||||
As the fair values of the reporting units of Duke Energy, Progress Energy and Duke Energy Ohio exceeded their respective carrying values at the date of the annual goodwill impairment analysis, no impairment charges were recorded. | ||||||||||||||||||||||
In addition, at December 31, 2013, goodwill for the Renewables reporting unit within Commercial Power was analyzed for impairment primarily as a result of the expiration of wind production tax credits at the end of 2013. Based on results of the fourth quarter 2013 impairment analysis, the fair value of the Renewables reporting unit exceeded its carrying value and no impairment was recorded. The fair value of the Renewables reporting unit is impacted by a multitude of factors, including legislative actions related to tax credit extensions, long-term growth rate assumptions, the market price of power and discount rates. Management continues to monitor these assumptions for any indicators that the fair value of the reporting unit could be below the carrying value, and will assess goodwill for impairment as appropriate. | ||||||||||||||||||||||
Intangible Assets | ||||||||||||||||||||||
The following tables show the carrying amount and accumulated amortization of intangible assets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Emission allowances | $ | 63 | $ | 1 | $ | 21 | $ | 3 | $ | 18 | $ | 20 | $ | 21 | ||||||||
Renewable energy certificates | 82 | 16 | 64 | 64 | ― | 2 | ― | |||||||||||||||
Gas, coal and power contracts | 180 | ― | ― | ― | ― | 156 | 24 | |||||||||||||||
Wind development rights | 86 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Other | 76 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Total gross carrying amounts | 487 | 17 | 85 | 67 | 18 | 178 | 45 | |||||||||||||||
Accumulated amortization - gas, coal and power contracts | -73 | ― | ― | ― | ― | -60 | -13 | |||||||||||||||
Accumulated amortization - wind development rights | -12 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Accumulated amortization - other | -24 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Total accumulated amortization | -109 | ― | ― | ― | ― | -60 | -13 | |||||||||||||||
Total intangible assets, net | $ | 378 | $ | 17 | $ | 85 | $ | 67 | $ | 18 | $ | 118 | $ | 32 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Emission allowances | $ | 80 | $ | ― | $ | 26 | $ | 4 | $ | 22 | $ | 24 | $ | 29 | ||||||||
Renewable energy certificates | 18 | 14 | 2 | 1 | ― | ― | ― | |||||||||||||||
Gas, coal and power contracts | 295 | ― | ― | ― | ― | 272 | 24 | |||||||||||||||
Wind development rights | 111 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Other | 91 | ― | ― | ― | ― | 10 | ― | |||||||||||||||
Total gross carrying amounts | 595 | 14 | 28 | 5 | 22 | 306 | 53 | |||||||||||||||
Accumulated amortization - gas, coal and power contracts | -180 | ― | ― | ― | ― | -168 | -12 | |||||||||||||||
Accumulated amortization - wind development rights | -9 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Accumulated amortization - other | -34 | ― | ― | ― | ― | -9 | ― | |||||||||||||||
Total accumulated amortization | -223 | ― | ― | ― | ― | -177 | -12 | |||||||||||||||
Total intangible assets, net | $ | 372 | $ | 14 | $ | 28 | $ | 5 | $ | 22 | $ | 129 | $ | 41 | ||||||||
Impairment of Emission Allowances | ||||||||||||||||||||||
On August 8, 2011, the EPA's final rule to replace CAIR was published in the Federal Register. As further discussed in Note 5, CSAPR established state-level annual SO2 and NOx caps that were required to take effect on January 1, 2012, and state-level ozone-season NOx caps that were to take effect on May 1, 2012. CSAPR did not utilize CAA emission allowances as the original CAIR provided. Under CSAPR, the EPA was expected to issue new emission allowances to be used exclusively for purposes of complying with CSAPR cap-and-trade program. After this ruling was published in 2011, Duke Energy evaluated the effect of CSAPR on the carrying value of emission allowances recorded at its Regulated Utilities and Commercial Power segments. Based on the provisions of CSAPR, Duke Energy Ohio had more SO2 allowances than were needed to comply with the continuing CAA acid rain cap-and-trade program (excess emission allowances). Duke Energy Ohio incurred a pretax impairment of $79 million in 2011 to write down the carrying value of excess emission allowances held by Commercial Power to fair value. The charge is recorded in Goodwill and other impairment charges on Duke Energy Ohio's Consolidated Statements of Operations. This amount was based on the fair value of excess allowances held by Commercial Power for compliance under the continuing CAA acid rain cap-and-trade program as of September 30, 2011. | ||||||||||||||||||||||
Amortization Expense | ||||||||||||||||||||||
The following table presents amortization expense for gas, coal and power contracts, wind development rights and other intangible assets. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Duke Energy | $ | 13 | $ | 14 | $ | 10 | ||||||||||||||||
Duke Energy Ohio | 8 | 12 | 8 | |||||||||||||||||||
Duke Energy Indiana | 1 | 1 | 1 | |||||||||||||||||||
The table below shows the expected amortization expense for the next five years for intangible assets as of December 31, 2013. The expected amortization expense includes estimates of emission allowances consumption and estimates of consumption of commodities such as gas and coal under existing contracts, as well as estimated amortization related to the wind development projects. The amortization amounts discussed below are estimates and actual amounts may differ from these estimates due to such factors as changes in consumption patterns, sales or impairments of emission allowances or other intangible assets, delays in the in-service dates of wind assets, additional intangible acquisitions and other events. | ||||||||||||||||||||||
(in millions) | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||
Duke Energy | $ | 43 | $ | 19 | $ | 17 | $ | 16 | $ | 16 | ||||||||||||
Progress Energy | 4 | 3 | 2 | 1 | 1 | |||||||||||||||||
Duke Energy Progress | 1 | ― | ― | ― | ― | |||||||||||||||||
Duke Energy Florida | 3 | 3 | 2 | 1 | 1 | |||||||||||||||||
Duke Energy Ohio | 11 | 9 | 9 | 9 | 9 | |||||||||||||||||
Duke Energy Indiana | 22 | 1 | 1 | 1 | 1 | |||||||||||||||||
Investments_in_Unconsolidated_
Investments in Unconsolidated Affiliates | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Investments In Unconsolidated Affiliates [Abstract] | ' | |||||||||||||||||
Investment in Unconsolidated Affiliates | ' | |||||||||||||||||
12. INVESTMENTS IN UNCONSOLIDATED AFFILIATES | ||||||||||||||||||
EQUITY METHOD INVESTMENTS | ||||||||||||||||||
Investments in domestic and international affiliates that are not controlled by Duke Energy, but over which it has significant influence, are accounted for using the equity method. As of December 31, 2013 and 2012, the carrying amount of investments in affiliates with carrying amounts greater than zero approximated the amount of underlying equity in net assets. | ||||||||||||||||||
The following table presents Duke Energy's investments in unconsolidated affiliates accounted for under the equity method, as well as the respective equity in earnings, by segment. | ||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||
(in millions) | Investments | Equity in earnings | Investments | Equity in earnings | Equity in earnings | |||||||||||||
Regulated Utilities | $ | 4 | $ | -1 | $ | 5 | $ | -5 | $ | — | ||||||||
International Energy | 82 | 110 | 81 | 134 | 145 | |||||||||||||
Commercial Power | 252 | 7 | 219 | 14 | 6 | |||||||||||||
Other | 52 | 6 | 178 | 5 | 9 | |||||||||||||
Total | $ | 390 | $ | 122 | $ | 483 | $ | 148 | $ | 160 | ||||||||
During the years ended December 31, 2013, 2012 and 2011, Duke Energy received distributions from equity investments of $144 million, $183 million and $149 million, respectively, which are included in Other assets within Cash Flows from Operating Activities on the Consolidated Statements of Cash Flows. | ||||||||||||||||||
Significant investments in affiliates accounted for under the equity method are discussed below. | ||||||||||||||||||
International Energy | ||||||||||||||||||
Duke Energy owns a 25 percent indirect interest in NMC, which owns and operates a methanol and MTBE business in Jubail, Saudi Arabia. | ||||||||||||||||||
Commercial Power | ||||||||||||||||||
Investments accounted for under the equity method primarily consist of Duke Energy's approximate 50 percent ownership interest in the five Catamount Sweetwater, LLC wind farm projects (Phase I-V), INDU Solar Holdings, LLC and DS Cornerstone, LLC. All of these entities own solar or wind power projects in the United States. Duke Energy also owns a 50 percent interest in Duke American Transmission Co., LLC which builds, owns and operates electric transmission facilities in North America. | ||||||||||||||||||
Other | ||||||||||||||||||
As of December 31, 2012, investments accounted for under the equity method primarily included a 50 percent ownership interest in DukeNet, which owns and operates telecommunications businesses. On December 31, 2013, Duke Energy completed the sale of its ownership interest in DukeNet to Time Warner Cable, Inc. After retiring existing DukeNet debt and payment of transactions expenses, Duke Energy received $215 million in cash proceeds and recorded a $105 million pretax gain in the fourth quarter of 2013. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Related Party Transactions [Abstract] | ' | |||||||||
Related Party Transactions | ' | |||||||||
13. 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 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 Consolidated Statements of Operations and Comprehensive Income are presented in the following table. | ||||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 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 for more information regarding money pool. The net impact of these transactions was not material for the years ended December 31, 2013, 2012 and 2011 for the Subsidiary Registrants. | ||||||||||
As discussed in Note 17, certain trade receivables have been sold by Duke Energy Ohio and Duke Energy Indiana to CRC, an affiliate 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 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 DECAM enters are accounted for as undesignated contracts or NPNS. Consequently, mark-to-market impacts of intercompany contracts with, and sales of power to, nonregulated entities are reflected in Duke Energy Ohio's Consolidated Statements of Operations and Comprehensive Income. These amounts totaled net expense of $6 million and net revenue of $24 million and $18 million, respectively, for the years ended December 31, 2013, 2012 and 2011. 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 payable of $43 million and $79 million, respectively, as of December 31, 2013 and 2012. This amount is recorded in Notes payable to affiliated companies on Duke Energy Ohio's Consolidated Balance Sheets. |
Derivatives_and_Hedging
Derivatives and Hedging | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Risk Management, Derivative Instruments And Hedging Activities [Abstract] | ' | |||||||||||||||||||||
Derivatives and Hedging | ' | |||||||||||||||||||||
14. DERIVATIVES AND HEDGING | ||||||||||||||||||||||
The Duke Energy Registrants use commodity and interest rate contracts to manage commodity price and interest rate risks. The primary use of energy commodity derivatives is to hedge the generation portfolio against changes in the prices of electricity and natural gas. Interest rate swaps are used to manage interest rate risk associated with borrowings. | ||||||||||||||||||||||
All derivative instruments not identified as NPNS are recorded at fair value as assets or liabilities on the Consolidated Balance Sheets. Cash collateral related to derivative instruments executed under master netting agreement is offset against the collateralized derivatives on the balance sheet. | ||||||||||||||||||||||
Changes in the fair value of derivative agreements that either do not qualify for or have not been designated as hedges are reflected in current earnings or as regulatory assets or liabilities. | ||||||||||||||||||||||
Commodity Price Risk | ||||||||||||||||||||||
The Duke Energy Registrants are exposed to the impact of changes in the future prices of electricity, coal, and natural gas. Exposure to commodity price risk is influenced by a number of factors including the term of contracts, the liquidity of markets, and delivery locations. | ||||||||||||||||||||||
Commodity Fair Value and Cash Flow Hedges | ||||||||||||||||||||||
At December 31, 2013, there were no open commodity derivative instruments designated as hedges. | ||||||||||||||||||||||
Undesignated Contracts | ||||||||||||||||||||||
Undesignated contracts may include contracts not designated as a hedge, contracts that do not qualify for hedge accounting, derivatives that do not or no longer qualify for the NPNS scope exception, and de-designated hedge contracts. These contracts expire as late as 2018. | ||||||||||||||||||||||
Duke Energy Carolinas and Duke Energy Progress have entered into firm power sale agreements, which are accounted for as derivatives, as part of the Interim FERC Mitigation in connection with Duke Energy's merger with Progress Energy. See Note 2 for further information. Duke Energy Carolinas' undesignated contracts are primarily associated with forward sales and purchases of electricity. Duke Energy Progress' and Duke Energy Florida's undesignated contracts are primarily associated with forward purchases of natural gas. Duke Energy Ohio's undesignated contracts are primarily associated with forward sales and purchases of electricity, coal, and natural gas. Duke Energy Indiana's undesignated contracts are primarily associated with forward purchases and sales of electricity and financial transmission rights. | ||||||||||||||||||||||
Volumes | ||||||||||||||||||||||
The tables show information relating to the volume of the outstanding commodity derivatives. Amounts disclosed represent the notional volumes of commodity contracts excluding NPNS. Amounts disclosed represent the absolute value of notional amounts. The Duke Energy Registrants have netted contractual amounts where offsetting purchase and sale contracts exist with identical delivery locations and times of delivery. Where all commodity positions are perfectly offset, no quantities are shown. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Electricity (Gigawatt-hours)(a) | 71,466 | 1,205 | 925 | 925 | ― | 69,362 | 203 | |||||||||||||||
Natural gas (millions of decatherms) | 636 | ― | 363 | 141 | 222 | 274 | ― | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Electricity (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 risk is managed by limiting variable-rate exposures to a percentage of total debt and by monitoring changes in interest rates. To manage risk associated with changes in interest rates, the Duke Energy Registrants may enter into interest rate swaps, U.S. Treasury lock agreements, and other financial contracts. In anticipation of certain fixed-rate debt issuances, a series of forward starting interest rate swaps may be executed to lock in components of current market interest rates. These instruments are later terminated prior to or upon the issuance of the corresponding debt. Pretax gains or losses recognized from inception to termination of the hedges are amortized as a component of interest expense over the life of the debt. | ||||||||||||||||||||||
Duke Energy has a combination foreign exchange, pay fixed-receive floating interest rate swap to fix the US dollar equivalent payments on a floating-rate Chilean debt issue. | ||||||||||||||||||||||
The following tables show notional amounts for derivatives related to interest rate risk. | ||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Ohio | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Cash flow hedges(a) | $ | 798 | $ | ― | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Undesignated contracts | 34 | 27 | 290 | 50 | 50 | 27 | 200 | |||||||||||||||
Fair value hedges | ― | ― | 250 | ― | ― | 250 | ― | |||||||||||||||
Total notional amount | $ | 832 | $ | 27 | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||
(a) | Duke Energy includes amounts related to non-recourse variable rate long-term debt of VIEs of $584 million at December 31, 2013 and $620 million at December 31, 2012. | |||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(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 | 27 | ― | 7 | ― | ||||||||||||||||||
Current liabilities: Other | ― | 18 | ― | 81 | ||||||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 35 | ||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 27 | 23 | 9 | 119 | ||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current assets: other | 201 | 158 | 41 | 2 | ||||||||||||||||||
Investments and other assets: other | 215 | 131 | 106 | 50 | ||||||||||||||||||
Current liabilities: other | 13 | 153 | 106 | 407 | ||||||||||||||||||
Deferred credits and other liabilities: other | 5 | 166 | 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 | 434 | 613 | 255 | 798 | ||||||||||||||||||
Total Derivatives | $ | 461 | $ | 636 | $ | 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 financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 214 | $ | 233 | $ | 322 | $ | 299 | ||||||||||||||
Gross amounts offset | -179 | -138 | -192 | -155 | ||||||||||||||||||
Net amount subject to master netting | 35 | 95 | 130 | 144 | ||||||||||||||||||
Amounts not subject to master netting | ― | 14 | 4 | 11 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 35 | $ | 109 | $ | 134 | $ | 155 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
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 Consolidated Balance Sheet | $ | 35 | $ | 61 | $ | 417 | $ | 259 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||
Interest rate contracts(a) | $ | 79 | $ | -23 | $ | -88 | ||||||||||||||||
Commodity contracts | 1 | 1 | ― | |||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 80 | $ | -22 | $ | -88 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | -2 | $ | 2 | $ | -5 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | -2 | $ | 2 | $ | -5 | ||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
There was no hedge ineffectiveness during the years ended December 31, 2013, 2012 and 2011, and no gains or losses were excluded from the assessment of hedge effectiveness during the same periods. | ||||||||||||||||||||||
At December 31, 2013, and December 31, 2012, $59 million and $151 million, respectively, of pretax deferred net losses interest rate cash flow hedges were included in AOCI. A $4 million pretax gain is expected to be recognized in earnings during the next 12 months as interest expense. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Revenue: Regulated electric | $ | 11 | $ | -23 | $ | ― | ||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | 43 | 38 | -59 | |||||||||||||||||||
Other income and expenses | ― | -2 | ― | |||||||||||||||||||
Fuel used in electric generation and purchased power-regulated | -200 | -194 | ― | |||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -100 | 2 | -1 | |||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | -18 | -8 | ― | |||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -264 | $ | -187 | $ | -60 | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Regulatory assets | $ | 10 | $ | -2 | $ | -1 | ||||||||||||||||
Regulatory liabilities | 15 | 36 | 17 | |||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||
Regulatory assets | 55 | 10 | -165 | |||||||||||||||||||
Regulatory liabilities | ― | ― | -60 | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 80 | $ | 44 | $ | -209 | ||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current liabilities: other | ― | 1 | ― | 6 | ||||||||||||||||||
Deferred credits and other liabilities: other | ― | 1 | ― | 6 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | ― | 2 | ― | 12 | ||||||||||||||||||
Total Derivatives | $ | ― | $ | 2 | $ | ― | $ | 12 | ||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Amounts not subject to master netting | $ | ― | $ | ― | $ | 1 | $ | 1 | ||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 1 | $ | 1 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Amounts not subject to master netting | $ | ― | $ | ― | $ | 6 | $ | 6 | ||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 6 | $ | 6 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Losses on cash flow hedges reclassified at Duke Energy Carolinas during the year ended December 31, 2013 and 2012 were not material. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | -3 | $ | -3 | $ | -5 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | -3 | $ | -3 | $ | -5 | ||||||||||||||||
For the years ended December 31, 2013, Duke Energy Carolinas had $23 million of pretax deferred net losses on settled interest rate cash flow hedges remaining in AOCI. A $5 million pretax gain is expected to be recognized in earnings during the next 12 months as interest expense. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Revenue: Regulated electric | $ | -12 | $ | -12 | $ | ― | ||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -12 | $ | -12 | $ | ― | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | ― | $ | -94 | ||||||||||||||||
Regulatory liabilities | ― | ― | -60 | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | ― | $ | -154 | ||||||||||||||||
Progress Energy | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current liabilities: other | $ | ― | $ | 1 | $ | ― | $ | 2 | ||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 1 | ||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 5 | ― | 3 | ||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current assets: other | 3 | 2 | 3 | ― | ||||||||||||||||||
Investments and other assets: other | 2 | 1 | 8 | ― | ||||||||||||||||||
Current liabilities: other | 11 | 105 | ― | 231 | ||||||||||||||||||
Deferred credits and other liabilities: other | 4 | 91 | ― | 195 | ||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 11 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 20 | 199 | 11 | 437 | ||||||||||||||||||
Total Derivatives | $ | 20 | $ | 204 | $ | 11 | $ | 440 | ||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 15 | $ | 5 | $ | 107 | $ | 93 | ||||||||||||||
Gross amounts offset | -13 | -4 | -17 | -10 | ||||||||||||||||||
Net amount subject to master netting | 2 | 1 | 90 | 83 | ||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | 4 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 2 | $ | 1 | $ | 90 | $ | 87 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 3 | $ | 8 | $ | 244 | $ | 192 | ||||||||||||||
Gross amounts offset | ― | ― | -22 | -36 | ||||||||||||||||||
Net amounts subject to master netting | 3 | 8 | 222 | 156 | ||||||||||||||||||
Amounts not subject to master netting | ― | ― | ― | 4 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 3 | $ | 8 | $ | 222 | $ | 160 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheet where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||
Commodity contracts | $ | 1 | $ | 1 | $ | -3 | ||||||||||||||||
Interest rate contracts(a) | ― | -11 | -141 | |||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -10 | $ | -144 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | ― | $ | -14 | $ | -13 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -14 | $ | -13 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities(b) | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -159 | $ | ― | ||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | -159 | $ | ― | ||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
(b) | Effective with the merger, Progress Energy no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||
There was no hedge ineffectiveness during the years ended December 31, 2013, 2012, and 2011, and no gains or losses have been excluded from the assessment of hedge effectiveness during the same periods. | ||||||||||||||||||||||
At December 31, 2013, and 2012, $61 million and $65 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 interest expense. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations and Comprehensive Income or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Operating revenues | $ | 11 | $ | -11 | $ | 1 | ||||||||||||||||
Fuel used in electric generation and purchased power | -200 | -454 | -297 | |||||||||||||||||||
Other income and expenses, net | ― | 7 | -59 | |||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | -17 | -8 | ― | |||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -206 | $ | -466 | $ | -355 | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Regulatory assets | $ | 10 | $ | -171 | $ | -502 | ||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||
Regulatory assets | 18 | 6 | ― | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 28 | $ | -165 | $ | -502 | ||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current liabilities: other | $ | ― | $ | 1 | $ | ― | $ | 1 | ||||||||||||||
Deferred credits and other liabilities: other | ― | ― | ― | 1 | ||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 1 | ― | 2 | ||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Current assets: other | ― | ― | 1 | ― | ||||||||||||||||||
Investments and other assets: other | 2 | 1 | 1 | ― | ||||||||||||||||||
Current liabilities: other | 2 | 40 | ― | 85 | ||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 29 | ― | 68 | ||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 11 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 6 | 70 | 2 | 164 | ||||||||||||||||||
Total Derivatives | $ | 6 | $ | 71 | $ | 2 | $ | 166 | ||||||||||||||
(a) | Substantially all of these contracts are recorded as regulatory assets or liabilities. | |||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 3 | $ | 3 | $ | 41 | $ | 30 | ||||||||||||||
Gross amounts offset | -3 | -3 | -3 | -3 | ||||||||||||||||||
Net amount subject to master netting | ― | ― | 38 | 27 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 38 | $ | 27 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 1 | $ | 1 | $ | 97 | $ | 69 | ||||||||||||||
Gross amounts offset | ― | ― | -2 | -7 | ||||||||||||||||||
Net amounts subject to master netting | 1 | 1 | 95 | 62 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 1 | $ | 1 | $ | 95 | $ | 62 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||
Interest rate contracts(a) | $ | ― | $ | -7 | $ | -70 | ||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | ― | $ | -7 | $ | -70 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | ― | $ | -5 | $ | -7 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -5 | $ | -7 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities(b) | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -117 | $ | ― | ||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | -117 | $ | ― | ||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
(b) | Effective with the merger, Duke Energy Progress no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||
There was no hedge ineffectiveness during the years ended December 31, 2013, 2012 and 2011, and no gains or losses have been excluded from the assessment of hedge effectiveness during the same periods. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations and Comprehensive Income or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Operating revenues | $ | 11 | $ | -11 | $ | 1 | ||||||||||||||||
Fuel used in electric generation and purchased power | -71 | -115 | -60 | |||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | -13 | -6 | ― | |||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -73 | $ | -132 | $ | -59 | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Regulatory assets | $ | -6 | $ | -55 | $ | -140 | ||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||
Regulatory assets | 13 | 6 | ― | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 7 | $ | -49 | $ | -140 | ||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(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 | 3 | 2 | 2 | ― | ||||||||||||||||||
Investments and other assets: other | ― | ― | 7 | ― | ||||||||||||||||||
Current liabilities: other | 9 | 64 | ― | 146 | ||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 63 | ― | 123 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 14 | 129 | 9 | 269 | ||||||||||||||||||
Total Derivatives | $ | 14 | $ | 129 | $ | 9 | $ | 270 | ||||||||||||||
(a) | Substantially all of these contracts are recorded as regulatory assets or liabilities. | |||||||||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 12 | $ | 2 | $ | 66 | $ | 63 | ||||||||||||||
Gross amounts offset | -10 | -2 | -15 | -7 | ||||||||||||||||||
Net amount subject to master netting | 2 | ― | 51 | 56 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 2 | $ | ― | $ | 51 | $ | 56 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 2 | $ | 7 | $ | 147 | $ | 123 | ||||||||||||||
Gross amounts offset | ― | ― | -20 | -29 | ||||||||||||||||||
Net amounts subject to master netting | 2 | 7 | 127 | 94 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 2 | $ | 7 | $ | 127 | $ | 94 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||
Commodity contracts | $ | 1 | $ | 1 | $ | -3 | ||||||||||||||||
Interest rate contracts(a) | ― | -2 | -35 | |||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -1 | $ | -38 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | ― | $ | -2 | $ | -1 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -2 | $ | -1 | ||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets(b) | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -42 | $ | ― | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI to Regulatory Assets | $ | ― | $ | -42 | $ | ― | ||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
(b) | Effective with the merger, Duke Energy Florida no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||
There was no hedge ineffectiveness during the years ended December 31,2013, 2012 and 2011, and no gains or losses have been excluded from the assessment of hedge effectiveness during the same periods. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations and Comprehensive Income or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Fuel used in electric generation and purchased power | $ | -129 | $ | -339 | $ | -237 | ||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | -5 | -2 | ― | |||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -134 | $ | -341 | $ | -237 | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Regulatory assets | $ | 16 | $ | -116 | $ | -362 | ||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | 5 | ― | ― | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 21 | $ | -116 | $ | -362 | ||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(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 | 186 | 163 | 31 | 4 | ||||||||||||||||||
Investments and other assets: other | 202 | 130 | 81 | 51 | ||||||||||||||||||
Current liabilities: other | 1 | 36 | 106 | 132 | ||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 56 | ― | 4 | ||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Current liabilities: other | ― | 1 | ― | 1 | ||||||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 7 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 391 | 390 | 218 | 199 | ||||||||||||||||||
Total Derivatives | $ | 391 | $ | 390 | $ | 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 financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 186 | $ | 205 | $ | 199 | $ | 186 | ||||||||||||||
Gross amounts offset | -165 | -132 | -173 | -143 | ||||||||||||||||||
Net amount subject to master netting | 21 | 73 | 26 | 43 | ||||||||||||||||||
Amounts not subject to master netting | ― | ― | 1 | 4 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 21 | $ | 73 | $ | 27 | $ | 47 | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 137 | $ | 81 | $ | 136 | $ | 55 | ||||||||||||||
Gross amounts offset | -110 | -51 | -125 | -51 | ||||||||||||||||||
Net amounts subject to master netting | 27 | 30 | 11 | 4 | ||||||||||||||||||
Amounts not subject to master netting | 2 | ― | 1 | 7 | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 29 | $ | 30 | $ | 12 | $ | 11 | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
There were no gains or losses on cash flow hedges recorded or reclassified at Duke Energy Ohio for the years ended December 31, 2013 and 2012, respectively. There was an immaterial amount of losses on cash flow hedges reclassified at Duke Energy Ohio for the year ended December 31, 2011. | ||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Statements of Operations and Comprehensive Income or the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | $ | 44 | $ | 76 | $ | -26 | ||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -100 | 2 | -1 | |||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | -1 | -1 | -1 | |||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -57 | $ | 77 | $ | -28 | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | 2 | $ | 1 | ||||||||||||||||
Regulatory liabilities | ― | -1 | ― | |||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Regulatory assets | 4 | ― | -4 | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 4 | $ | 1 | $ | -3 | ||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||
The following table shows the fair value of derivatives and the line items in the Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Current assets: other | $ | 12 | $ | ― | $ | 10 | $ | ― | ||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 63 | ||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 12 | ― | 10 | 63 | ||||||||||||||||||
Total Derivatives | $ | 12 | $ | ― | $ | 10 | $ | 63 | ||||||||||||||
The tables below show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Gross amounts recognized | $ | 12 | $ | ― | $ | ― | $ | ― | ||||||||||||||
Gross amounts offset | -1 | ― | ― | ― | ||||||||||||||||||
Net amount subject to master netting | 11 | ― | ― | ― | ||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 11 | $ | ― | $ | ― | $ | ― | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | ||||||||||||||||||
Amounts not subject to master netting | $ | 10 | $ | ― | $ | 63 | $ | ― | ||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 10 | $ | ― | $ | 63 | $ | ― | ||||||||||||||
(a) | Included in Other within Current Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheet. | |||||||||||||||||||||
(c) | Included in Other within Current Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
(d) | Included in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | |||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||
Interest expense | $ | 3 | $ | 3 | $ | 2 | ||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | 3 | $ | 3 | $ | 2 | ||||||||||||||||
The following table shows the gains and losses during the year recognized on undesignated derivatives and the line items on the Consolidated Balance Sheets where the pretax gains and losses were reported. | ||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||
Revenue, regulated electric | $ | 1 | $ | ― | $ | ― | ||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | 1 | $ | ― | $ | ― | ||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||
Regulatory assets | $ | ― | $ | 2 | $ | -2 | ||||||||||||||||
Regulatory liabilities | 16 | 35 | 17 | |||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||
Regulatory assets | 34 | 4 | -67 | |||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 50 | $ | 41 | $ | -52 | ||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||
CREDIT RISK | ||||||||||||||||||||||
Certain derivative contracts contain contingent credit features. These features may include (i) material adverse change clauses or payment acceleration clauses that could result in immediate payments, (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. | ||||||||||||||||||||||
31-Dec-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 | $ | 525 | $ | 168 | $ | 60 | $ | 108 | $ | 355 | ||||||||||||
Fair value of collateral already posted | 135 | 10 | ― | 10 | 125 | |||||||||||||||||
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 205 | 158 | 60 | 98 | 47 | |||||||||||||||||
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 derivatives. For amounts to be netted, the derivative must be executed with the same counterparty under the same master netting agreement. Amounts disclosed below represent the receivables related to the right to reclaim cash collateral and payables related to the obligation to return cash collateral under master netting arrangements. | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 30 | $ | ― | $ | 73 | $ | ― | ||||||||||||||
Amounts not offset against net derivative positions | 122 | ― | 93 | ― | ||||||||||||||||||
Progress Energy | ||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 10 | $ | ― | $ | 58 | $ | ― | ||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Amounts offset against net derivative positions | $ | ― | $ | ― | $ | 9 | $ | ― | ||||||||||||||
Amounts not offset against net derivative positions | ― | ― | ― | ― | ||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 10 | $ | ― | $ | 49 | $ | ― | ||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 19 | ― | $ | 15 | $ | ― | |||||||||||||||
Amounts not offset against net derivative positions | 115 | $ | ― | 92 | ― | |||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||
Amounts offset against net derivative positions | ― | 1 | ― | ― | ||||||||||||||||||
Amounts not offset against net derivative positions | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||||||||
Investments_in_Debt_and_Equity
Investments in Debt and Equity Securities | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Investments In Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||
Investments In Debt And Equity Securities | ' | ||||||||||||||||||
15. Investments in Debt and Equity Securities | |||||||||||||||||||
The Duke Energy Registrants classify their investments in debt and equity securities as either trading or available-for-sale. | |||||||||||||||||||
TRADING SECURITIES | |||||||||||||||||||
Investments in debt and equity securities held in grantor trusts associated with certain deferred compensation plans and certain other investments are classified as trading securities. The fair value of these investments was $18 million as of December 31, 2013 and $33 million as of December 31, 2012. | |||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES | |||||||||||||||||||
All other investments in debt and equity securities are classified as available-for-sale securities. | |||||||||||||||||||
Duke Energy's available-for-sale securities are primarily comprised of investments held in (i) the NDTF at Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida, (ii) grantor trusts at Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana related to OPEB plans, (iii) Duke Energy's captive insurance investment portfolio, and (iv) Duke Energy's foreign operations investment portfolio. | |||||||||||||||||||
Duke Energy holds corporate debt securities that were purchased using excess cash from its foreign operations. These investments are classified as Short-term investments on the Consolidated Balance Sheets and are available for current operations of Duke Energy's foreign business. The fair value of these investments was $44 million as of December 31, 2013 and $333 million as of December 31, 2012. | |||||||||||||||||||
Duke Energy classifies all other investments in debt and equity securities as non-current, 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 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 realized and unrealized gains and losses associated with investments within the Investment Trusts are deferred as a regulatory asset or liability. As a result, there is no immediate impact on earnings of the Duke Energy Registrants. | |||||||||||||||||||
Other Available for Sale Securities | |||||||||||||||||||
Unrealized gains and losses on all other available-for-sale securities are included in other comprehensive income until realized, unless it is determined the carrying value of an investment is other-than-temporarily impaired. If an other-than-temporary impairment exists, the unrealized loss 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 for a period of time sufficient to allow for any anticipated recovery in market value. If a decline in fair value is determined to be other-than-temporary, the investment is written down to its fair value through a charge to earnings. | |||||||||||||||||||
If the entity does not have an intent to sell a debt security and it is not more likely than not management will be required to sell the debt security before the recovery of its cost basis, the impairment write-down to fair value would be recorded as a component of other comprehensive income, except for when it is determined a credit loss exists. In determining whether a credit loss exists, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than the amortized cost basis, (ii) changes in the financial condition of the issuer of the security, or in the case of an asset backed security, the financial condition of the underlying loan obligors, (iii) consideration of underlying collateral and guarantees of amounts by government entities, (iv) ability of the issuer of the security to make scheduled interest or principal payments, and (v) any changes to the rating of the security by rating agencies. If a credit loss exists, the amount of impairment write-down to fair value is split between credit loss and other factors. The amount related to credit loss is recognized in earnings. The amount related to other factors is recognized in other comprehensive income. There were no credit losses as of December 31, 2013 and 2012. There were no other-than-temporary impairments for debt or equity securities as of December 31, 2013 and 2012. Other available-for-sale securities were reflected as a component of other comprehensive income in 2013 and 2012. | |||||||||||||||||||
DUKE ENERGY | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | — | $ | — | $ | 110 | $ | — | $ | — | $ | 105 | |||||||
Equity securities | 1,813 | 10 | 3,579 | 1,132 | 19 | 2,837 | |||||||||||||
Corporate debt securities | 8 | 6 | 400 | 21 | 1 | 338 | |||||||||||||
Municipal bonds | 2 | 6 | 160 | 12 | 1 | 194 | |||||||||||||
U.S. government bonds | 7 | 12 | 730 | 24 | 1 | 625 | |||||||||||||
Other debt securities | 22 | 2 | 154 | 10 | 1 | 164 | |||||||||||||
Total NDTF | 1,852 | 36 | 5,133 | 1,199 | 23 | 4,263 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | — | — | 21 | — | — | 17 | |||||||||||||
Equity securities | 29 | — | 91 | 10 | — | 63 | |||||||||||||
Corporate debt securities | 1 | 1 | 99 | 2 | — | 381 | |||||||||||||
Municipal bonds | 2 | 2 | 79 | 4 | 1 | 70 | |||||||||||||
U.S. government bonds | — | — | 17 | — | — | 23 | |||||||||||||
Other debt securities | — | 8 | 111 | 1 | 6 | 115 | |||||||||||||
Total Other Investments(a) | 32 | 11 | 418 | 17 | 7 | 669 | |||||||||||||
Total Investments | $ | 1,884 | $ | 47 | $ | 5,551 | $ | 1,216 | $ | 30 | $ | 4,932 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 89 | |||||||||||||||||
Due after one through five years | 431 | ||||||||||||||||||
Due after five through 10 years | 426 | ||||||||||||||||||
Due after 10 years | 804 | ||||||||||||||||||
Total | $ | 1,750 | |||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 209 | $ | 117 | $ | 79 | |||||||||||||
Realized losses | 65 | 19 | 37 | ||||||||||||||||
DUKE ENERGY CAROLINAS | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 42 | $ | ― | $ | ― | $ | 40 | |||||||
Equity securities | 974 | 6 | 1,964 | 600 | 5 | 1,592 | |||||||||||||
Corporate debt securities | 5 | 5 | 274 | 11 | 1 | 250 | |||||||||||||
Municipal bonds | ― | 2 | 54 | 2 | ― | 40 | |||||||||||||
U.S. government bonds | 3 | 7 | 354 | 10 | ― | 304 | |||||||||||||
Other debt securities | 22 | 2 | 146 | 9 | 2 | 135 | |||||||||||||
Total NDTF | 1,004 | 22 | 2,834 | 632 | 8 | 2,361 | |||||||||||||
Other Investments | |||||||||||||||||||
Other debt securities | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||
Total Other Investments(a) | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||
Total Investments | $ | 1,004 | $ | 23 | $ | 2,837 | $ | 632 | $ | 9 | $ | 2,364 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 18 | |||||||||||||||||
Due after one through five years | 167 | ||||||||||||||||||
Due after five through 10 years | 239 | ||||||||||||||||||
Due after 10 years | 407 | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 115 | $ | 89 | $ | 71 | |||||||||||||
Realized losses | 12 | 6 | 35 | ||||||||||||||||
PROGRESS ENERGY | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities for Progress Energy. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 68 | $ | ― | $ | ― | $ | 65 | |||||||
Equity securities | 839 | 4 | 1,615 | 532 | 14 | 1,245 | |||||||||||||
Corporate debt securities | 3 | 1 | 126 | 9 | ― | 89 | |||||||||||||
Municipal bonds | 2 | 4 | 106 | 11 | 1 | 154 | |||||||||||||
U.S. government bonds | 4 | 5 | 376 | 14 | ― | 321 | |||||||||||||
Other debt securities | ― | ― | 8 | 1 | ― | 28 | |||||||||||||
Total NDTF | 848 | 14 | 2,299 | 567 | 15 | 1,902 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 20 | ― | ― | 17 | |||||||||||||
Municipal bonds | 1 | ― | 39 | 3 | ― | 40 | |||||||||||||
Total Other Investments(a) | 1 | ― | 59 | 3 | ― | 57 | |||||||||||||
Total Investments | $ | 849 | $ | 14 | $ | 2,358 | $ | 570 | $ | 15 | $ | 1,959 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 12 | |||||||||||||||||
Due after one through five years | 206 | ||||||||||||||||||
Due after five through 10 years | 131 | ||||||||||||||||||
Due after 10 years | 306 | ||||||||||||||||||
Total | $ | 655 | |||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 90 | $ | 34 | $ | 30 | |||||||||||||
Realized losses | 46 | 18 | 33 | ||||||||||||||||
DUKE ENERGY PROGRESS | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 48 | $ | ― | $ | ― | $ | 55 | |||||||
Equity securities | 535 | 3 | 1,069 | 337 | 11 | 811 | |||||||||||||
Corporate debt securities | 3 | 1 | 80 | 8 | ― | 78 | |||||||||||||
Municipal bonds | 2 | 4 | 104 | 4 | ― | 80 | |||||||||||||
U.S. government bonds | 4 | 3 | 232 | 13 | ― | 241 | |||||||||||||
Other debt securities | ― | ― | 5 | 1 | ― | 10 | |||||||||||||
Total NDTF | 544 | 11 | 1,538 | 363 | 11 | 1,275 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 2 | ― | ― | 3 | |||||||||||||
Total Other Investments(a) | ― | ― | 2 | ― | ― | 3 | |||||||||||||
Total Investments | $ | 544 | $ | 11 | $ | 1,540 | $ | 363 | $ | 11 | $ | 1,278 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 7 | |||||||||||||||||
Due after one through five years | 122 | ||||||||||||||||||
Due after five through 10 years | 89 | ||||||||||||||||||
Due after 10 years | 203 | ||||||||||||||||||
Total | $ | 421 | |||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 58 | $ | 21 | $ | 13 | |||||||||||||
Realized losses | 26 | 8 | 16 | ||||||||||||||||
DUKE ENERGY FLORIDA | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 20 | $ | ― | $ | ― | $ | 10 | |||||||
Equity securities | 304 | 1 | 546 | 194 | 4 | 434 | |||||||||||||
Corporate debt securities | ― | ― | 46 | 1 | ― | 11 | |||||||||||||
Municipal bonds | ― | ― | 2 | 7 | ― | 74 | |||||||||||||
U.S. government bonds | ― | 2 | 144 | 1 | ― | 80 | |||||||||||||
Other debt securities | ― | ― | 3 | 1 | ― | 18 | |||||||||||||
Total NDTF | 304 | 3 | 761 | 204 | 4 | 627 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 3 | ― | ― | 1 | |||||||||||||
Municipal bonds | 1 | ― | 39 | 3 | ― | 40 | |||||||||||||
Total Other Investments(a) | 1 | ― | 42 | 3 | ― | 41 | |||||||||||||
Total Investments | $ | 305 | $ | 3 | $ | 803 | $ | 207 | $ | 4 | $ | 668 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 5 | |||||||||||||||||
Due after one through five years | 84 | ||||||||||||||||||
Due after five through 10 years | 42 | ||||||||||||||||||
Due after 10 years | 103 | ||||||||||||||||||
Total | $ | 234 | |||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 32 | $ | 13 | $ | 17 | |||||||||||||
Realized losses | 20 | 9 | 17 | ||||||||||||||||
DUKE ENERGY INDIANA | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | |||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 1 | $ | ― | $ | ― | $ | ― | |||||||
Equity securities | 24 | ― | 65 | 9 | ― | 50 | |||||||||||||
Municipal bonds | ― | 1 | 28 | 1 | ― | 28 | |||||||||||||
Total Other Investments(a) | 24 | 1 | 94 | 10 | ― | 78 | |||||||||||||
Total Investments | $ | 24 | $ | 1 | $ | 94 | $ | 10 | $ | ― | $ | 78 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Indiana. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 1 | |||||||||||||||||
Due after one through five years | 21 | ||||||||||||||||||
Due after five through 10 years | 4 | ||||||||||||||||||
Due after 10 years | 2 | ||||||||||||||||||
Total | $ | 28 | |||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||
Fair Value Of Financial Assets And Liabilities [Abstract] | ' | ' | |||||||||||||||||||||||
Fair Value Measurements | ' | ' | |||||||||||||||||||||||
16. FAIR VALUE MEASUREMENTS | |||||||||||||||||||||||||
Fair value is the exchange price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value definition focuses on an exit price versus the acquisition cost. Fair value measurements use market data or assumptions market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs may be readily observable, corroborated by market data, or generally unobservable. Valuation techniques maximize the use of observable inputs and minimize use of unobservable inputs. A midmarket pricing convention (the midpoint price between bid and ask prices) is permitted for use as a practical expedient. | 31-Dec-12 | ||||||||||||||||||||||||
Fair value measurements are classified in three levels based on the fair value hierarchy: | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||||||||||||
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. An active market is one in which transactions for an asset or liability occur with sufficient frequency and volume to provide ongoing pricing information. | Duke Energy | ||||||||||||||||||||||||
Level 2 – A fair value measurement utilizing inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly, for an asset or liability. Inputs include (i) quoted prices for similar assets or liabilities in active markets, (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, (iii) and inputs other than quoted market prices that are observable for the asset or liability, such as interest rate curves and yield curves observable at commonly quoted intervals, volatilities, and credit spreads. A Level 2 measurement cannot have more than an insignificant portion of its valuation based on unobservable inputs. Instruments in this category include non-exchange-traded derivatives, such as over-the-counter forwards, swaps and options; certain marketable debt securities; and financial instruments traded in less than active markets. | Natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | $ | 9.99 | ||||||||||||||||
Level 3 – Any fair value measurement which includes unobservable inputs for more than an insignificant portion of the valuation. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value. Level 3 measurements may include longer-term instruments that extend into periods in which observable inputs are not available. | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||
The fair value accounting guidance permits entities to elect to measure certain financial instruments that are not required to be accounted for at fair value, such as equity method investments or the company's own debt, at fair value. The Duke Energy Registrants have not elected to record any of these items at fair value. | FTRs | 11 | RTO auction pricing | FTR price - per MWh | 23.63 | - | 39.22 | ||||||||||||||||||
Transfers between levels represent assets or liabilities that were previously (i) categorized at a higher level for which the inputs to the estimate became less observable or (ii) classified at a lower level for which the inputs became more observable during the period. The Duke Energy Registrant's policy is to recognize transfers between levels of the fair value hierarchy at the end of the period. There were no transfers between levels 1 and 2 during the years ended December 31, 2013 and 2012. Transfers out of Level 3 during the year ended December 31, 2013 are the result of forward commodity prices becoming observable due to the passage of time. | Electricity contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | ||||||||||||||||||
Valuation methods of the primary fair value measurements disclosed below are as follows. | Capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | ||||||||||||||||||
Investments in equity securities | Capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | ||||||||||||||||||
The majority of investments in equity securities are valued using Level 1 measurements. Investments in equity securities are typically valued at the closing price in the principal active market as of the last business day of the quarter. Principal active markets for equity prices include published exchanges such as NASDAQ and NYSE. Foreign equity prices are translated from their trading currency using the currency exchange rate in effect at the close of the principal active market. There was no after-hours market activity that was required to be reflected in the reported fair value measurements. Investments in equity securities that are Level 2 or 3 are typically ownership interests in commingled investment funds. | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||
Investments in debt securities | Total Level 3 derivatives | $ | -85 | ||||||||||||||||||||||
Most investments in debt securities are valued using Level 2 measurements because the valuations uses interest rate curves and credit spreads applied to the terms of the debt instrument (maturity and coupon interest rate) and consider the counterparty credit rating. If the market for a particular fixed income security is relatively inactive or illiquid, the measurement is Level 3. | Duke Energy Carolinas | ||||||||||||||||||||||||
Commodity derivatives | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | ||||||||||||||||
Commodity derivatives with clearinghouses are classified as Level 1. Other commodity derivatives are primarily fair valued using internally developed discounted cash flow models which incorporate forward price, adjustments for liquidity (bid-ask spread) and credit or non-performance risk (after reflecting credit enhancements such as collateral), and are discounted to present value. Pricing inputs are derived from published exchange transaction prices and other observable data sources. In the absence of an active market, the last available price may be used. If forward price curves are not observable for the full term of the contract and the unobservable period had more than an insignificant impact on the valuation, the commodity derivative is classified as Level 3. In isolation, increases (decreases) in natural gas forward prices result in favorable (unfavorable) fair value adjustments for gas purchase contracts; and increases (decreases) in electricity forward prices result in unfavorable (favorable) fair value adjustments for electricity sales contracts. Duke Energy regularly evaluates and validates pricing inputs used to estimate fair value of gas commodity contracts by a market participant price verification procedure. This procedure provides a comparison of internal forward commodity curves to market participant generated curves. | Progress Energy | ||||||||||||||||||||||||
Interest rate derivatives | Natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||
Most over-the-counter interest rate contract derivatives are valued using financial models which utilize observable inputs for similar instruments and are classified as Level 2. Inputs include forward interest rate curves, notional amounts, interest rates and credit quality of the counterparties. | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||
Goodwill and long-lived assets | Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||
See Note 11 for a discussion of the valuation of goodwill and long-lived assets. | Duke Energy Progress | ||||||||||||||||||||||||
Duke Energy | Natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral which is disclosed in Note 14. See Note 15 for additional information related to investments by major security type. | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||
Total Level 3 derivatives | $ | -38 | |||||||||||||||||||||||
31-Dec-13 | Duke Energy Ohio | ||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | FTRs | $ | 1 | RTO auction pricing | FTR price - per MWh | $ | 27.17 | $ | 39.22 | ||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 3,579 | $ | 3,495 | $ | 57 | $ | 27 | Electricity contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | ||||||||||
Nuclear decommissioning trust fund debt securities | 1,553 | 402 | 1,100 | 51 | Natural gas contracts | 5 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.3 | - | 4.51 | ||||||||||||||
Other trading and available-for-sale equity securities(a) | 102 | 91 | 11 | ― | Reserves | -11 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||
Other trading and available-for-sale debt securities(b) | 333 | 36 | 277 | 20 | Total Level 3 derivatives | $ | -6 | ||||||||||||||||||
Derivative assets(a) | 145 | 33 | 70 | 42 | Duke Energy Indiana | ||||||||||||||||||||
Total assets | 5,712 | 4,057 | 1,515 | 140 | FTRs | $ | 10 | RTO auction pricing | FTR price - per MWh | $ | 23.63 | $ | 35.43 | ||||||||||||
Derivative liabilities(c) | -321 | 11 | -303 | -29 | |||||||||||||||||||||
Net assets | $ | 5,391 | $ | 4,068 | $ | 1,212 | $ | 111 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
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(a) | 72 | 63 | 9 | ― | |||||||||||||||||||||
Other trading and available-for-sale debt securities(b) | 631 | 40 | 562 | 29 | |||||||||||||||||||||
Derivative assets(a) | 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 Current Assets and Other within Investments and Other Assets on the Consolidated Balance Sheet. | ||||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets and Short-term Investments on the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the 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. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | ||||||||||||||||||||||
Balance at December 31, 2012 | $ | 98 | $ | -85 | $ | 13 | |||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings(a) | ― | -42 | -42 | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 9 | 21 | 30 | ||||||||||||||||||||||
Sales | -6 | ― | -6 | ||||||||||||||||||||||
Issuances | ― | 11 | 11 | ||||||||||||||||||||||
Settlements | -9 | 25 | 16 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 6 | -3 | 3 | ||||||||||||||||||||||
Transfers out of Level 3(b) | ― | 86 | 86 | ||||||||||||||||||||||
Balance at December 31, 2013 | $ | 98 | $ | 13 | $ | 111 | |||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | ― | $ | 10 | $ | 10 | |||||||||||||||||||
(a) | Amounts for derivatives are primarily included in Operating Revenues. | ||||||||||||||||||||||||
(b) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | ||||||||||||||||||||||
Balance at December 31, 2011 | $ | 124 | $ | -39 | $ | 85 | |||||||||||||||||||
Amounts acquired in Progress Energy Merger | ― | -30 | -30 | ||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | ― | 8 | 8 | ||||||||||||||||||||||
Total pretax gains included in other comprehensive income | 13 | ― | 13 | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 14 | 22 | 36 | ||||||||||||||||||||||
Sales | -2 | ― | -2 | ||||||||||||||||||||||
Issuances | ― | -15 | -15 | ||||||||||||||||||||||
Settlements | -55 | -32 | -87 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | 1 | 5 | ||||||||||||||||||||||
Balance at December 31, 2012 | $ | 98 | $ | -85 | $ | 13 | |||||||||||||||||||
31-Dec-11 | |||||||||||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | ||||||||||||||||||||||
Balance at December 31, 2010 | $ | 165 | $ | -19 | $ | 146 | |||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings | ― | -14 | -14 | ||||||||||||||||||||||
Total pretax gains included in other comprehensive income | 12 | ― | 12 | ||||||||||||||||||||||
Net purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 8 | 8 | 16 | ||||||||||||||||||||||
Sales | -3 | ― | -3 | ||||||||||||||||||||||
Settlements | -16 | -16 | -32 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | -42 | 2 | -40 | ||||||||||||||||||||||
Balance at December 31, 2011 | $ | 124 | $ | -39 | $ | 85 | |||||||||||||||||||
Duke Energy Carolinas | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measure at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 14. See Note 15 for additional information related to investments by major security type. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,964 | $ | 1,879 | $ | 58 | $ | 27 | |||||||||||||||||
Nuclear decommissioning trust fund debt securities | 870 | 168 | 651 | 51 | |||||||||||||||||||||
Other available-for-sale debt securities(a) | 3 | - | - | 3 | |||||||||||||||||||||
Total assets | 2,837 | 2,047 | 709 | 81 | |||||||||||||||||||||
Derivative liabilities(b) | -2 | ― | ― | -2 | |||||||||||||||||||||
Net assets | $ | 2,835 | $ | 2,047 | $ | 709 | $ | 79 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,592 | $ | 1,523 | $ | 48 | $ | 21 | |||||||||||||||||
Nuclear decommissioning trust fund debt securities | 762 | 155 | 559 | 48 | |||||||||||||||||||||
Other available-for-sale debt securities(a) | 3 | ― | ― | 3 | |||||||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | ||||||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Investments | Derivatives (net) | Total | |||||||||||||||||||||||
Balance at December 31, 2012 | $ | 72 | $ | -12 | $ | 60 | |||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 9 | ― | 9 | ||||||||||||||||||||||
Sales | -6 | ― | -6 | ||||||||||||||||||||||
Settlements | ― | 10 | 10 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 6 | ― | 6 | ||||||||||||||||||||||
Balance at December 31, 2013 | $ | 81 | $ | -2 | $ | 79 | |||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | ― | $ | -4 | $ | -4 | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Investments | Derivatives (net) | Total | |||||||||||||||||||||||
Balance at December 31, 2011 | $ | 65 | $ | ― | $ | 65 | |||||||||||||||||||
Total pretax gains included in comprehensive income | 2 | ― | 2 | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 14 | ― | 14 | ||||||||||||||||||||||
Issuances | ― | -14 | -14 | ||||||||||||||||||||||
Sales | -2 | ― | -2 | ||||||||||||||||||||||
Settlements | -11 | 2 | -9 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | ― | 4 | ||||||||||||||||||||||
Balance at December 31, 2012 | $ | 72 | $ | -12 | $ | 60 | |||||||||||||||||||
31-Dec-11 | |||||||||||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | ||||||||||||||||||||||
Balance at December 31, 2010 | $ | 59 | $ | ― | $ | 59 | |||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 8 | ― | 8 | ||||||||||||||||||||||
Sales | -3 | ― | -3 | ||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 1 | ― | 1 | ||||||||||||||||||||||
Balance at December 31, 2011 | $ | 65 | $ | ― | $ | 65 | |||||||||||||||||||
Progress Energy | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis end on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 14. See Note 15 for additional information related to investments by major security type. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,615 | $ | 1,615 | $ | ― | $ | ― | |||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 677 | 233 | 444 | ― | |||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 58 | 19 | 39 | ― | |||||||||||||||||||||
Derivative assets(b) | 3 | ― | 3 | ― | |||||||||||||||||||||
Total assets | 2,353 | 1,867 | 486 | ― | |||||||||||||||||||||
Derivative liabilities(c) | -187 | ― | -187 | ― | |||||||||||||||||||||
Net assets | $ | 2,166 | $ | 1,867 | $ | 299 | $ | ― | |||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | $ | -36 | |||||||||||||||||||
Total pretax realized or unrealized gains included in earnings | ― | 1 | ― | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Issuances | 10 | -16 | ― | ||||||||||||||||||||||
Settlements | ― | 4 | ― | ||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -3 | -21 | ||||||||||||||||||||||
Transfers out of Level 3(a) | 34 | ― | 33 | ||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -38 | $ | -24 | |||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding | $ | 11 | |||||||||||||||||||||||
(a) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||
Duke Energy Progress | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral which is disclosed in Note 14 . See Note 15 for additional information related to investments by major security type. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 1,069 | $ | 1,069 | $ | ― | $ | ― | |||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 470 | 137 | 333 | ― | |||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 3 | 3 | ― | ― | |||||||||||||||||||||
Derivative assets(b) | 1 | ― | 1 | ― | |||||||||||||||||||||
Total assets | 1,543 | 1,209 | 334 | ― | |||||||||||||||||||||
Derivative liabilities(c) | -66 | ― | -66 | ― | |||||||||||||||||||||
Net assets | $ | 1,477 | $ | 1,209 | $ | 268 | $ | ― | |||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets | ||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | $ | -36 | |||||||||||||||||||
Total pretax realized or unrealized gains included in earnings | ― | 1 | ― | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Issuances | 10 | -16 | ― | ||||||||||||||||||||||
Settlements | ― | 4 | ― | ||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -3 | -20 | ||||||||||||||||||||||
Transfers out of Level 3(a) | 34 | ― | 32 | ||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -38 | $ | -24 | |||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding | $ | 11 | |||||||||||||||||||||||
(a) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||
Duke Energy Florida | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral which is disclosed in Note 14. See Note 15 for additional information related to investments by major security type. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Nuclear decommissioning trust fund equity securities | $ | 546 | $ | 546 | $ | ― | $ | ― | |||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 214 | 96 | 118 | ― | |||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 40 | 2 | 38 | ― | |||||||||||||||||||||
Derivative assets(b) | 1 | ― | 1 | ― | |||||||||||||||||||||
Total assets | 801 | 644 | 157 | ― | |||||||||||||||||||||
Derivative liabilities(c) | -116 | ― | -116 | ― | |||||||||||||||||||||
Net assets | $ | 685 | $ | 644 | $ | 41 | $ | ― | |||||||||||||||||
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(b) | 9 | ― | 9 | ― | |||||||||||||||||||||
Total assets | 681 | 475 | 206 | ― | |||||||||||||||||||||
Derivative liabilities(c) | -270 | ― | -270 | ― | |||||||||||||||||||||
Net assets | $ | 411 | $ | 475 | $ | -64 | $ | ― | |||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets | ||||||||||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which are disclosed in Note 14. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Derivative assets(a) | $ | 96 | $ | 50 | $ | 21 | $ | 25 | |||||||||||||||||
Derivative liabilities(b) | -95 | -1 | -65 | -29 | |||||||||||||||||||||
Net assets (liabilities) | $ | 1 | $ | 49 | $ | -44 | $ | -4 | |||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | -6 | $ | -3 | $ | 13 | |||||||||||||||||||
Total pretax realized or unrealized gains included in earnings(a) | -42 | -3 | -4 | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 1 | ― | ― | ||||||||||||||||||||||
Settlements | ― | 1 | -14 | ||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | -1 | 2 | ||||||||||||||||||||||
Transfers out of Level 3(b) | 43 | ― | ― | ||||||||||||||||||||||
Balance at end of period | $ | -4 | $ | -6 | $ | -3 | |||||||||||||||||||
(a) | Amounts for derivative are primarily included in Operating Revenues. | ||||||||||||||||||||||||
(b) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||
Duke Energy Indiana | |||||||||||||||||||||||||
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets. Derivative amounts in the table below exclude cash collateral, which is disclosed in Note 14. See Note 15 for additional information related to investments by major security type. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale equity securities(a) | $ | 65 | $ | 65 | $ | ― | $ | ― | |||||||||||||||||
Available-for-sale debt securities(a) | 29 | ― | 29 | ― | |||||||||||||||||||||
Derivative assets(b) | 12 | ― | ― | 12 | |||||||||||||||||||||
Net assets (liabilities) | $ | 106 | $ | 65 | $ | 29 | $ | 12 | |||||||||||||||||
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 Consolidated Balance Sheets. | ||||||||||||||||||||||||
(b) | Included in Other within Current Assets on the Consolidated Balance Sheets. | ||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | 10 | $ | 4 | $ | 4 | |||||||||||||||||||
Total pretax realized or unrealized gains included in earnings(a) | 8 | 36 | 14 | ||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||
Purchases | 20 | ― | 8 | ||||||||||||||||||||||
Sales | ― | 22 | ― | ||||||||||||||||||||||
Settlements | -30 | -52 | -21 | ||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | ― | -1 | ||||||||||||||||||||||
Balance at end of period | $ | 12 | $ | 10 | $ | 4 | |||||||||||||||||||
(a) | Amounts in derivatives are primarily included in Operating Revenues. | ||||||||||||||||||||||||
QUANTITATIVE INFORMATION ABOUT UNOBSERVABLE INPUTS | |||||||||||||||||||||||||
The following table provides quantitative information about the Duke Energy Registrants' derivatives classified as Level 3. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | |||||||||||||||||||||
Duke Energy | |||||||||||||||||||||||||
Natural gas contracts | $ | -2 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.07 | $ | 5.37 | |||||||||||||||||
FERC mitigation power sale agreements | -2 | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | |||||||||||||||||||
Financial transmission rights (FTRs) | 12 | RTO auction pricing | FTR price - per Megawatt Hour (MWh) | -0.3 | - | 13.8 | |||||||||||||||||||
Electricity contracts | 23 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | |||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 30.4 | - | 165.1 | |||||||||||||||||||
Reserves | -22 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||
Total Level 3 derivatives | $ | 13 | |||||||||||||||||||||||
Duke Energy Carolinas | |||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -2 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | $ | 52.38 | |||||||||||||||||
Duke Energy Ohio | |||||||||||||||||||||||||
Electricity contracts | $ | 18 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 20.77 | $ | 58.9 | |||||||||||||||||
Natural gas contracts | -2 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.07 | - | 5.37 | |||||||||||||||||||
Reserves | -20 | Bid-ask spreads, implied volatility, probability of default | |||||||||||||||||||||||
Total Level 3 derivatives | $ | -4 | |||||||||||||||||||||||
Duke Energy Indiana | |||||||||||||||||||||||||
FTRs | $ | 12 | RTO auction pricing | FTR price - per MWh | $ | -0.3 | $ | 13.8 | |||||||||||||||||
OTHER FAIR VALUE DISCLOSURES | |||||||||||||||||||||||||
The fair value and book value of long-term debt, including current maturities, is summarized in the following table. Estimates determined are not necessarily indicative of amounts that could have been settled in current markets. Fair value of long-term debt uses Level 2 measurements. | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | |||||||||||||||||||||
Duke Energy | $ | 40,256 | $ | 42,592 | $ | 39,461 | $ | 44,001 | |||||||||||||||||
Duke Energy Carolinas | 8,436 | 9,123 | 8,741 | 10,096 | |||||||||||||||||||||
Progress Energy | 14,115 | 15,234 | 14,428 | 16,563 | |||||||||||||||||||||
Duke Energy Progress | 5,235 | 5,323 | 4,840 | 5,277 | |||||||||||||||||||||
Duke Energy Florida | 4,886 | 5,408 | 5,320 | 6,222 | |||||||||||||||||||||
Duke Energy Ohio | 2,188 | 2,237 | 1,997 | 2,117 | |||||||||||||||||||||
Duke Energy Indiana | 3,796 | 4,171 | 3,702 | 4,268 | |||||||||||||||||||||
At both December 31, 2013 and December 31, 2012, fair value of cash and cash equivalents, accounts and notes receivable, accounts payable, and notes payable and commercial paper are not materially different from their carrying amounts because of the short-term nature of these instruments and/or because the stated interest rates approximate market rates. |
Variable_Interest_Entities
Variable Interest Entities | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | |||||||||||||||||||||
Variable Interest Entities | ' | |||||||||||||||||||||
17. VARIABLE INTEREST ENTITIES | ||||||||||||||||||||||
A VIE is an entity that is evaluated for consolidation using more than a simple analysis of voting control. The analysis to determine whether an entity is a VIE considers contracts with an entity, credit support for an entity, the adequacy of the equity investment of an entity and the relationship of voting power to the amount of equity invested in an entity. This analysis is performed either upon the creation of a legal entity or upon the occurrence of an event requiring reevaluation, such as a significant change in an entity's assets or activities. A qualitative analysis of control determines the party that consolidates a VIE. This assessment is based on (i) what party has the power to direct the most significant activities of the VIE that impact its economic performance, and (ii) what party has rights to receive benefits or is obligated to absorb losses that are significant to the VIE. The analysis of the party that consolidates a VIE is a continual reassessment. Other than the discussion below related to CRC, no financial support was provided to any of the VIEs during the years ended December 31, 2013, 2012 and 2011, or is expected to be provided in the future, that was not previously contractually required. | ||||||||||||||||||||||
CONSOLIDATED VIEs | ||||||||||||||||||||||
The table below shows the VIEs that Duke Energy, Duke Energy Carolinas and Duke Energy Progress consolidate and how these entities impact their respective Consolidated Balance Sheets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | DERF(a) | DEPR(b) | CRC | CinCapV | Renewables | Other | Total | |||||||||||||||
ASSETS | ||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||
Restricted receivables of variable interest entities | $ | 673 | $ | 416 | $ | 595 | $ | 17 | $ | 18 | $ | ― | $ | 1,719 | ||||||||
Other | ― | ― | ― | 10 | 89 | 2 | 101 | |||||||||||||||
Investments and Other Assets | ||||||||||||||||||||||
Other | ― | ― | ― | 51 | 29 | ― | 80 | |||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||
Property, plant and equipment, cost(c) | ― | ― | ― | ― | 1,662 | 18 | 1,680 | |||||||||||||||
Accumulated depreciation and amortization | ― | ― | ― | ― | -170 | -5 | -175 | |||||||||||||||
Regulatory Assets and Deferred Debits | ||||||||||||||||||||||
Other | 1 | 1 | ― | ― | 34 | ― | 36 | |||||||||||||||
Total assets | 674 | 417 | 595 | 78 | 1,662 | 15 | 3,441 | |||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||
Accounts payable | ― | ― | ― | ― | 2 | ― | 2 | |||||||||||||||
Taxes accrued | ― | ― | ― | ― | 10 | ― | 10 | |||||||||||||||
Current maturities of long-term debt | ― | ― | ― | 14 | 66 | ― | 80 | |||||||||||||||
Other | ― | ― | ― | 10 | 17 | ― | 27 | |||||||||||||||
Long-term Debt(d) | 400 | 300 | 325 | 34 | 907 | ― | 1,966 | |||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||
Other | 1 | ― | ― | 13 | 333 | ― | 347 | |||||||||||||||
Total liabilities | 401 | 300 | 325 | 71 | 1,335 | ― | 2,432 | |||||||||||||||
Net assets of consolidated variable interest entities | $ | 273 | $ | 117 | $ | 270 | $ | 7 | $ | 327 | $ | 15 | $ | 1,009 | ||||||||
(a) | DERF is consolidated by Duke Energy Carolinas and Duke Energy. | |||||||||||||||||||||
(b) | DEPR is consolidated by Duke Energy Progress and Duke Energy. | |||||||||||||||||||||
(c) | Restricted as collateral for non-recourse debt of VIEs. | |||||||||||||||||||||
(d) | Non-recourse to the general assets of Duke Energy. | |||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | DERF(a) | 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 | ||||||||||||||||||||||
Other | ― | ― | 62 | 14 | 2 | 78 | ||||||||||||||||
Property, Plant and Equipment | ||||||||||||||||||||||
Property, plant and equipment, cost(b) | ― | ― | ― | 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 | ||||||||||||||||
Notes payable and commercial paper | ― | 312 | ― | ― | ― | 312 | ||||||||||||||||
Taxes accrued | ― | ― | ― | 62 | ― | 62 | ||||||||||||||||
Current maturities of long-term debt | ― | ― | 13 | 459 | ― | 472 | ||||||||||||||||
Other | ― | ― | 4 | 25 | ― | 29 | ||||||||||||||||
Long-term Debt(c) | 300 | ― | 48 | 504 | ― | 852 | ||||||||||||||||
Deferred Credits and Other Liabilities | ||||||||||||||||||||||
Deferred income taxes | ― | ― | ― | 154 | ― | 154 | ||||||||||||||||
Asset retirement obligation | ― | ― | ― | 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 | ||||||||||
(a) | DERF is consolidated by Duke Energy Carolinas and Duke Energy. | |||||||||||||||||||||
(b) | Restricted as collateral for non-recourse debt of VIEs. | |||||||||||||||||||||
(c) | Non-recourse to the general assets of Duke Energy. | |||||||||||||||||||||
The obligations of these VIEs are non-recourse to Duke Energy, Duke Energy Carolinas and Duke Energy Progress. These entities have no requirement to provide liquidity to purchase assets of, or guarantee performance of these VIEs unless noted in the following paragraphs. | ||||||||||||||||||||||
DERF | ||||||||||||||||||||||
On a daily basis, Duke Energy Receivables Finance Company, LLC (DERF), a bankruptcy remote, special purpose subsidiary of Duke Energy Carolinas, buys certain accounts receivable arising from the sale of electricity and/or related services from Duke Energy Carolinas. DERF is a wholly owned limited liability company with a separate legal existence from its parent, and its assets are not generally available to creditors of Duke Energy Carolinas. DERF borrows $400 million under a credit facility to buy the receivables. Borrowing is limited to the amount of qualified receivables sold, which is expected to be in excess of $400 million. The receivables are used as collateral for commercial paper issued through third parties. The credit facility expires in October 2016 and is reflected on the Consolidated Balance Sheets as Long-term Debt. The secured credit facility was not structured to meet the criteria for sale accounting treatment under the accounting guidance for transfers and servicing of financial assets. | ||||||||||||||||||||||
The most significant activity that impacts the economic performance of DERF is the decisions made to manage delinquent receivables. Duke Energy Carolinas consolidates DERF as it makes those decisions. | ||||||||||||||||||||||
DEPR | ||||||||||||||||||||||
On a daily basis, Duke Energy Progress Receivables Company, LLC (DEPR), a bankruptcy remote, special purpose subsidiary of Duke Energy Progress formed in 2013, buys certain accounts receivable arising from the sale of electricity and/or related services from Duke Energy Progress. DEPR is a wholly owned limited liability company with a separate legal existence from its parent, and its assets are not generally available to creditors of Duke Energy Progress. DEPR borrows $300 million under a credit facility to buy the receivables. Borrowing is limited to the amount of qualified receivables sold, which is expected to be in excess of $300 million. The receivables are used as collateral for commercial paper issued through third parties. The credit facility expires in December 2016 and is reflected on the Consolidated Balance Sheets as Long-term Debt. The secured credit facility was not structured to meet the criteria for sale accounting treatment under the accounting guidance for transfers and servicing of financial assets. | ||||||||||||||||||||||
The most significant activity that impacts the economic performance of DEPR is the decisions made to manage delinquent receivables. Duke Energy Progress consolidates DEPR as it makes those decisions. | ||||||||||||||||||||||
CRC | ||||||||||||||||||||||
On a revolving basis, CRC buys certain accounts receivable arising from the sale of electricity and/or related services from Duke Energy Ohio and Duke Energy Indiana. Receivables sold are securitized by CRC through a facility managed by two unrelated third parties and are used as collateral for commercial paper issued by the unrelated third parties. Proceeds Duke Energy Ohio and Duke Energy Indiana receive from the sale of receivables to CRC are typically 75 percent cash and 25 percent in the form of a subordinated note from CRC. The subordinated note is a retained interest in the receivables sold. Cash collections from the receivable are the sole source of funds to satisfy the related debt obligation. Depending on experience with collections, additional equity infusions to CRC may be required by Duke Energy to maintain a minimum equity balance of $3 million. There were no infusions to CRC during the years ended December 31, 2013 and 2012. For the year ended December 31, 2011, Duke Energy infused $6 million of equity to CRC to remedy net worth deficiencies. Borrowings fluctuate based on the amount of receivables sold. The credit facility expires in November 2016. The secured credit facility is reflected on the Consolidated Balance Sheets as Long-term Debt. CRC is considered a VIE because (i) equity capitalization is insufficient to support its operations, (ii) power to direct the most significant activities that impact economic performance of the entity are not performed by the equity holder, Cinergy, and (iii) deficiencies in net worth of CRC are not funded by Cinergy, but by Duke Energy. The most significant activity of CRC relates to the decisions made with respect to the management of delinquent receivables. Duke Energy consolidates CRC as it makes these decisions. Neither Duke Energy Ohio nor Duke Energy Indiana consolidate CRC. | ||||||||||||||||||||||
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 the 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 guarantees for debt service and operations and maintenance reserves in support of debt financings. Assets are restricted and cannot be pledged as collateral or sold to third parties without prior approval of debt holders. The most significant activities that impact the economic performance of these renewable energy facilities were decisions associated with siting, negotiating purchase power agreements, engineering, procurement and construction, and decisions associated with ongoing operations and maintenance-related activities. Duke Energy consolidated the entities as it makes all of these decisions. | ||||||||||||||||||||||
NON-CONSOLIDATED VIEs | ||||||||||||||||||||||
The tables below disclose VIEs the Duke Energy Registrants do not consolidate and how these entities impact the Duke Energy Registrants' respective Consolidated Balance Sheets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
(in millions) | Renewables | Other | Total | Duke Energy Ohio(a) | Duke Energy Indiana(b) | |||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | 114 | $ | 143 | ||||||||||||
Investments in equity method unconsolidated affiliates | 153 | 60 | 213 | ― | ― | |||||||||||||||||
Intangibles | ― | 96 | 96 | 96 | ― | |||||||||||||||||
Investments and other assets | ― | 4 | 4 | ― | ― | |||||||||||||||||
Total assets | 153 | 160 | 313 | 210 | 143 | |||||||||||||||||
Other current liabilities | ― | 3 | 3 | ― | ― | |||||||||||||||||
Deferred credits and other liabilities | ― | 15 | 15 | ― | ― | |||||||||||||||||
Total liabilities | ― | 18 | 18 | ― | ― | |||||||||||||||||
Net assets | $ | 153 | $ | 142 | $ | 295 | $ | 210 | $ | 143 | ||||||||||||
(a) | Reflects OVEC and retained interest in CRC. | |||||||||||||||||||||
(b) | Reflects retained interest in CRC. | |||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||
(in millions) | DukeNet | Renewables | FPC Capital I Trust(c) | Other | Total | Duke Energy Ohio(a) | Duke Energy Indiana(b) | |||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | ||||||||
Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | |||||||||||||||
Intangibles | ― | ― | ― | 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) | Reflects OVEC and retained interest in CRC. | |||||||||||||||||||||
(b) | Reflects retained interest in CRC. | |||||||||||||||||||||
(c) | The entire balance of Investments and other assets and $274 million of the Deferred Credits and Other Liabilities balance applies to Progress Energy. | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Until December 31, 2013, Duke Energy owned a 50 percent ownership interest in DukeNet. DukeNet was considered a VIE because it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. The most significant activities that impacted DukeNet's economic performance relate to its business development and fiber optic capacity marketing and management activities. The power to direct these activities was jointly and equally shared by Duke Energy and the other joint venture partner. | ||||||||||||||||||||||
On December 31, 2013, Duke Energy completed the sale of its ownership interest in DukeNet to Time Warner Cable, Inc. For more information on the sale of DukeNet, refer to Note 12. | ||||||||||||||||||||||
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. | ||||||||||||||||||||||
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 for the sole purpose of issuing $300 million of 7.10% Cumulative QUIPS due 2039, and using the 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. was formed for the sole purpose of providing financing to Duke Energy Florida. On February 1, 2013, Duke Energy redeemed the QUIPS and subsequently terminated the Trust. | ||||||||||||||||||||||
Other | ||||||||||||||||||||||
The most significant of the Other non-consolidated VIEs is Duke Energy Ohio's 9 percent ownership interest in OVEC. Through its ownership interest in OVEC, Duke Energy Ohio has a contractual arrangement to buy power from OVEC's power plants through June 2040. Proceeds from the sale of power by OVEC to its power purchase agreement counterparties are designed to be sufficient to meet its operating expenses, fixed costs, debt amortization and, interest expense, as well as earn a return on equity. Accordingly, the value of this contract is subject to variability due to fluctuations in power prices and changes in OVEC's costs of business, including costs associated with its 2,256 MW of coal-fired generation capacity. 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. This amount is included in the table above for Duke Energy and Duke Energy Ohio. | ||||||||||||||||||||||
In addition, Duke Energy has guaranteed performance of certain entities in which it no longer has an equity interest. | ||||||||||||||||||||||
CRC | ||||||||||||||||||||||
See discussion under Consolidated VIEs for additional information related to CRC. | ||||||||||||||||||||||
The subordinated notes held by Duke Energy Ohio and Duke Energy Indiana are stated at fair value and are classified within Receivables in their Consolidated Balance Sheets. Carrying values of retained interests are determined by allocating carrying value of the receivables between assets sold and interests retained based on relative fair value. The allocated 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 the retained interests using the acceptable yield method. This method generally approximates the stated rate on the notes since the allocated basis and the face value are nearly equivalent. An impairment charge is recorded against the carrying value of both retained interests and purchased beneficial interest whenever it is determined that an other-than-temporary impairment has occurred. | ||||||||||||||||||||||
Key assumptions used in estimating the fair value in 2013 and 2012 is 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 | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Receivables sold | $ | 290 | $ | 282 | $ | 340 | $ | 289 | ||||||||||||||
Less: Retained interests | 114 | 97 | 143 | 116 | ||||||||||||||||||
Net receivables sold | $ | 176 | $ | 185 | $ | 197 | $ | 173 | ||||||||||||||
The following tables show sales and cash flows related to receivables sold. | ||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||
Years Ended December 31, | Years Ended December 31, | |||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||
Sales | ||||||||||||||||||||||
Receivables sold | $ | 2,251 | $ | 2,154 | $ | 2,390 | $ | 2,985 | $ | 2,773 | $ | 2,658 | ||||||||||
Loss recognized on sale | 12 | 13 | 21 | 11 | 12 | 16 | ||||||||||||||||
Cash Flows | ||||||||||||||||||||||
Cash proceeds from receivables sold | 2,220 | 2,172 | 2,474 | 2,944 | 2,784 | 2,674 | ||||||||||||||||
Collection fees received | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||||||||||
Return received on retained interests | 5 | 5 | 12 | 6 | 7 | 13 | ||||||||||||||||
Cash flows from the sale of receivables are reflected within Operating Activities on Duke Energy Ohio's and Duke Energy Indiana's Consolidated Statements of Cash Flows. | ||||||||||||||||||||||
Collection fees received in connection with the servicing of transferred accounts receivable are included in Operation, maintenance and other on Duke Energy Ohio's and Duke Energy Indiana's Consolidated Statements of Operations and Comprehensive Income. The loss recognized on sales of receivables is calculated monthly by multiplying the 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. |
Common_Stock
Common Stock | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Common Stock | ' | |||||||||
18. COMMON STOCK | ||||||||||
Basic Earnings Per Share (EPS) is computed by dividing net income attributable to Duke Energy common shareholders, adjusted for distributed and undistributed earnings allocated to participating securities, by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Duke Energy common shareholders, as adjusted for distributed and undistributed earnings allocated to participating securities, by the diluted weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, phantom shares and stock-based performance unit awards were exercised or settled. Duke Energy's participating securities are restricted stock units that are entitled to dividends declared on Duke Energy common shares during the restricted stock units' vesting period. | ||||||||||
On July 2, 2012, just prior to the close of the merger with Progress Energy, Duke Energy executed a one-for-three reverse stock split. All earnings per share amounts included in this 10-K are presented as if the one-for-three reverse stock split had been effective January 1, 2011. 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 | |||||||
2013 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 2,640 | 706 | $ | 3.74 | |||||
2012 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic | $ | 1,727 | 574 | $ | 3.01 | |||||
Effect of dilutive securities: | ||||||||||
Stock options, performance and restricted stock | 1 | |||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — diluted | $ | 1,727 | 575 | $ | 3.01 | |||||
2011 | ||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,702 | 444 | $ | 3.83 | |||||
As of December 31, 2013, 2012 and 2011, 2 million, 1 million and 3 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. | ||||||||||
For the years ended December 31, 2013, 2012 and 2011, Duke Energy declared dividends of $3.09 per share, $3.03 per share and $2.97 per share, respectively. |
Severance
Severance | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Severance [Abstract] | ' | |||||||||||||
Severance | ' | |||||||||||||
19. SEVERANCE | ||||||||||||||
2011 SEVERANCE PLAN | ||||||||||||||
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 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 have been 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 year ended December 31, 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 Consolidated Statements of Operations. The Duke Energy Registrants recorded insignificant amounts for severance expense during 2011 for past and ongoing severance plans. | ||||||||||||||
Years Ended December 31, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Duke Energy(a) | $ | 34 | $ | 201 | ||||||||||
Duke Energy Carolinas | 8 | 63 | ||||||||||||
Progress Energy | 19 | 82 | ||||||||||||
Duke Energy Progress | 14 | 55 | ||||||||||||
Duke Energy Florida | 5 | 27 | ||||||||||||
Duke Energy Ohio | 2 | 21 | ||||||||||||
Duke Energy Indiana | 2 | 18 | ||||||||||||
(a) | Includes $5 million and $14 million of accelerated stock award expense and $2 million and $19 million of COBRA and healthcare reimbursement expenses for 2013 and 2012, respectively. | |||||||||||||
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) | Balance at December 31, 2012 | Provision / Adjustments | Cash Reductions | Balance at December 31, 2013 | ||||||||||
Duke Energy | $ | 135 | $ | 52 | $ | -123 | $ | 64 | ||||||
Duke Energy Carolinas | 12 | 6 | -13 | 5 | ||||||||||
Progress Energy | 43 | 49 | -48 | 44 | ||||||||||
Duke Energy Progress | 23 | 8 | -20 | 11 | ||||||||||
Duke Energy Florida | 6 | 31 | -13 | 24 | ||||||||||
As part of Duke Energy Carolinas' 2011 rate case, the NCUC approved the recovery of $101 million of previously recorded expenses related to a prior year Voluntary Opportunity Plan. This amount was recorded as a reduction to Operation, maintenance, and other within Operating Expenses on the Consolidated Statements of Operations and recognized as a Regulatory asset on the Consolidated Balance Sheets in 2012. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||
Stock-Based Compensation | ' | ||||||||||||
20. STOCK-BASED COMPENSATION | |||||||||||||
Duke Energy's 2010 Long-Term Incentive Plan (the 2010 Plan) reserved 25 million shares of common stock for awards to employees and outside directors. Duke Energy has historically issued new shares upon exercising or vesting of share-based awards. However, Duke Energy may use a combination of new share issuances and open market repurchases for share-based awards that are exercised or become vested in the future. Duke Energy has not determined with certainty the amount of such new share issuances or open market repurchases. | |||||||||||||
The 2010 Plan allows for a maximum of 6.25 million shares of common stock to be issued under various stock-based awards other than options and stock appreciation rights. | |||||||||||||
In connection with the acquisition of Progress Energy in July 2012, Duke Energy assumed Progress Energy's 2007 Equity Incentive Plan (EIP). Stock-based awards granted under the Progress Energy EIP and held by Progress Energy employees were generally converted into outstanding Duke Energy stock-based compensation awards. The estimated fair value of these awards allocated to purchase price was $62 million. Refer to Note 2 for further information regarding the merger transaction. | |||||||||||||
The following table summarizes the total expense recognized by each of the Duke Energy Registrants, net of tax, for stock-based compensation. | |||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Duke Energy | $ | 52 | $ | 48 | $ | 32 | |||||||
Duke Energy Carolinas | 13 | 12 | 17 | ||||||||||
Progress Energy | 23 | 25 | 20 | ||||||||||
Duke Energy Progress | 14 | 16 | 12 | ||||||||||
Duke Energy Florida | 9 | 9 | 8 | ||||||||||
Duke Energy Ohio | 4 | 4 | 6 | ||||||||||
Duke Energy Indiana | 4 | 4 | 4 | ||||||||||
Pretax stock-based compensation costs, the tax benefit associated with stock-based compensation expense, and stock-based compensation costs capitalized are included in the following table. | |||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Stock options | $ | 2 | $ | 2 | $ | 2 | |||||||
Restricted stock unit awards | 49 | 43 | 27 | ||||||||||
Performance awards | 34 | 33 | 23 | ||||||||||
Pretax stock-based compensation cost | $ | 85 | $ | 78 | $ | 52 | |||||||
Tax benefit associated with stock-based compensation expense | $ | 33 | $ | 30 | $ | 20 | |||||||
Stock-based compensation costs capitalized | 3 | 2 | 2 | ||||||||||
STOCK OPTIONS | |||||||||||||
The following table summarizes information about stock options outstanding. | |||||||||||||
Options (in thousands) | Weighted-Average Exercise Price | Weighted-Average Remaining Life | Aggregate Intrinsic Value (in millions) | ||||||||||
Outstanding at December 31, 2012 | 1,654 | $ | 51 | ||||||||||
Granted | 310 | 69 | |||||||||||
Exercised | -1,162 | 48 | |||||||||||
Forfeited or expired | -9 | 41 | |||||||||||
Outstanding at December 31, 2013 | 793 | 61 | 7y, 3m | $ | 6 | ||||||||
Exercisable at December 31, 2013 | 137 | 46 | 1y, 5m | 3 | |||||||||
Options expected to vest | 656 | 64 | 8y, 5m | 3 | |||||||||
The exercise price of each option granted cannot be less than the market price of Duke Energy's common stock on the date of grant and the maximum option term is 10 years. The vesting periods range from immediate to three years. Options granted in 2013 and 2012 were expensed immediately; therefore, there is no future compensation cost associated with these options. The following table includes information related to Duke Energy's stock options. | |||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Intrinsic value of options exercised | $ | 26 | $ | 17 | $ | 26 | |||||||
Tax benefit related to options exercised | 10 | 7 | 10 | ||||||||||
Cash received from options exercised | 9 | 21 | 74 | ||||||||||
Stock options granted (in thousands) | 310 | 340 | 358 | ||||||||||
The following assumptions were used to determine the grant date fair value of stock options granted in 2013. | |||||||||||||
Risk-free interest rate(a) | 1 | % | |||||||||||
Expected dividend yield(b) | 4.7 | % | |||||||||||
Expected life(c) | 6 years | ||||||||||||
Expected volatility(d) | 18.1 | % | |||||||||||
(a) | The risk-free rate is based upon the average of five-year and seven-year U.S. Treasury Constant Maturity rates as of the grant date. | ||||||||||||
(b) | The expected dividend yield is based upon the most recent annualized dividend and the one-year average closing stock price. | ||||||||||||
(c) | The expected life of options is derived from the simplified method approach. | ||||||||||||
(d) | Volatility is based equally between historical and implied volatility. Historic volatility is based on Duke Energy's historical volatility over the expected life using daily stock prices. Implied volatility is the average for all option contracts with a term greater than six months using the strike price closest to the stock price on the valuation date. | ||||||||||||
RESTRICTED STOCK UNIT AWARDS | |||||||||||||
Restricted stock unit awards issued and outstanding generally vest over periods from immediate to three years. The following table includes information related to restricted stock unit awards. | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Shares awarded (in thousands) | 612 | 443 | 636 | ||||||||||
Fair value (in millions)(a) | $ | 42 | $ | 28 | $ | 34 | |||||||
(a) | Based on the market price of Duke Energy's common stock at the grant date. | ||||||||||||
The following table summarizes information about restricted stock unit awards outstanding. | |||||||||||||
Shares (in thousands) | Weighted-Average Per Share Grant Date Fair Value | ||||||||||||
Outstanding at December 31, 2012 | 1,607 | $ | 64 | ||||||||||
Granted | 612 | 69 | |||||||||||
Vested | -794 | 63 | |||||||||||
Forfeited | -25 | 68 | |||||||||||
Outstanding at December 31, 2013 | 1,400 | 66 | |||||||||||
Restricted stock unit awards expected to vest | 1,365 | 66 | |||||||||||
The total grant date fair value of shares vested during the years ended December 31, 2013, 2012 and 2011 was $50 million, $34 million and $19 million, respectively. At December 31, 2013, Duke Energy had $21 million of unrecognized compensation cost, which is expected to be recognized over a weighted-average period of 1 year and 9 months. | |||||||||||||
PERFORMANCE AWARDS | |||||||||||||
Stock-based awards issued and outstanding generally vest over three years if performance targets are met. | |||||||||||||
Certain performance awards granted in 2013, 2012 and 2011 contain market conditions based on the total shareholder return (TSR) of Duke Energy stock relative to a pre-defined peer group (relative TSR). These awards are valued using a path-dependent model that incorporates expected relative TSR into the fair value determination of Duke Energy's performance-based share awards. The model uses three-year historical volatilities and correlations for all companies in the pre-defined peer group, including Duke Energy, to simulate Duke Energy's relative TSR as of the end of the performance period. For each simulation, Duke Energy's relative TSR associated with the simulated stock price at the end of the performance period plus expected dividends within the period results in a value per share for the award portfolio. The average of these simulations is the expected portfolio value per share. Actual life to date results of Duke Energy's relative TSR for each grant is incorporated within the model. | |||||||||||||
Other performance awards not containing market conditions were awarded in 2012 and 2011. The performance goal for these awards is Duke Energy's return on equity over a three-year period. Awards are measured at grant date price. | |||||||||||||
The following table includes information related to performance awards. | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Shares awarded (in thousands) | 633 | 352 | 432 | ||||||||||
Fair value (in millions) | $ | 28 | $ | 19 | $ | 20 | |||||||
The following table summarizes information about stock-based performance awards outstanding at the maximum level. | |||||||||||||
Shares (in thousands) | Weighted-Average Per Share Grant Date Fair Value | ||||||||||||
Outstanding at December 31, 2012 | 2,346 | $ | 47 | ||||||||||
Granted | 633 | 45 | |||||||||||
Vested | -858 | 49 | |||||||||||
Forfeited | -299 | 46 | |||||||||||
Outstanding at December 31, 2013 | 1,822 | 46 | |||||||||||
Stock-based performance awards expected to vest | 1,646 | 47 | |||||||||||
The total grant date fair value of shares vested during the years ended December 31, 2013, 2012 and 2011 was $42 million, $56 million and $33 million, respectively. At December 31, 2013, Duke Energy had $22 million of unrecognized compensation cost, which is expected to be recognized over a weighted-average period of 1 year and 11 months. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Employee Benefit Plans [Abstract] | ' | |||||||||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||||||||
21. EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||
DEFINED Benefit Retirement Plans | ||||||||||||||||||||||
Duke Energy maintains, and the Subsidiary Registrants participate in, qualified, non-contributory defined benefit retirement plans. The plans cover most U.S. employees using a cash balance formula. Under a cash balance formula, a plan participant accumulates a retirement benefit consisting of pay credits based upon a percentage of current eligible earnings based on age and/or years of service and interest credits. Certain employees are covered under plans that use a final average earnings formula. As of January 1, 2014, these defined benefit plans are closed to new participants. Under these average earnings formulas, a plan participant accumulates a retirement benefit equal to the sum of percentages of their (i) highest three-year or four-year average earnings, (ii) highest three-year or four-year average earnings in excess of covered compensation per year of participation (maximum of 35 years), and/or (iii) highest three or four-year average earnings times years of participation in excess of 35 years. Duke Energy also maintains, and the Subsidiary Registrants participate in, non-qualified, non-contributory defined benefit retirement plans which cover certain executives. | ||||||||||||||||||||||
Duke Energy uses a December 31 measurement date for its defined benefit retirement plan assets and obligations. | ||||||||||||||||||||||
Net periodic benefit costs disclosed in the tables below represent the cost of the respective benefit plan for the periods presented. However, portions of the net periodic benefit costs disclosed in the tables below have been capitalized as a component of property, plant and equipment. Amounts presented in the tables below for the Subsidiary Registrants represent the amounts of pension and other post-retirement benefit cost allocated by Duke Energy for employees of the Subsidiary Registrants. Additionally, the Subsidiary Registrants are allocated their proportionate share of pension and post-retirement benefit cost for employees of Duke Energy's shared services affiliate that provide support to the Subsidiary Registrants. These allocated amounts are included in the governance and shared service costs discussed in Note 13. | ||||||||||||||||||||||
Duke Energy's policy is to fund amounts on an actuarial basis to provide assets sufficient to meet benefit payments to be paid to plan participants. The following table includes information related to the Duke Energy Registrants' contributions to its U.S. qualified defined benefit pension plans. | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Anticipated Contributions: | ||||||||||||||||||||||
2014 | $ | 143 | $ | 42 | $ | 51 | $ | 21 | $ | 21 | $ | 4 | $ | 9 | ||||||||
Contributions Made: | ||||||||||||||||||||||
2013 | $ | 250 | $ | — | $ | 250 | $ | 63 | $ | 133 | $ | — | $ | — | ||||||||
2012 | 304 | — | 346 | 141 | 128 | — | — | |||||||||||||||
2011 | 200 | 33 | 334 | 217 | 112 | 48 | 52 | |||||||||||||||
QUALIFIED PENSION PLANS | ||||||||||||||||||||||
Components of Net Periodic Pension Costs | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 167 | $ | 49 | $ | 60 | $ | 22 | $ | 30 | $ | 6 | $ | 11 | ||||||||
Interest cost on projected benefit obligation | 320 | 80 | 116 | 50 | 53 | 21 | 28 | |||||||||||||||
Expected return on plan assets | -549 | -148 | -199 | -94 | -87 | -31 | -46 | |||||||||||||||
Amortization of actuarial loss | 244 | 60 | 101 | 46 | 49 | 13 | 24 | |||||||||||||||
Amortization of prior service (credit) cost | -11 | -6 | -4 | -1 | -2 | ― | 1 | |||||||||||||||
Other | 7 | 2 | 2 | 1 | 1 | ― | 1 | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 178 | $ | 37 | $ | 76 | $ | 24 | $ | 44 | $ | 9 | $ | 19 | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 122 | $ | 35 | $ | 63 | $ | 25 | $ | 30 | $ | 6 | $ | 9 | ||||||||
Interest cost on projected benefit obligation | 307 | 90 | 127 | 58 | 56 | 31 | 30 | |||||||||||||||
Expected return on plan assets | -472 | -146 | -188 | -96 | -81 | -45 | -46 | |||||||||||||||
Amortization of actuarial loss | 144 | 45 | 93 | 37 | 48 | 10 | 15 | |||||||||||||||
Amortization of prior service cost (credit) | 10 | 1 | 9 | 8 | -1 | 1 | 1 | |||||||||||||||
Other | 6 | 2 | 2 | 1 | 1 | ― | ― | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 117 | $ | 27 | $ | 106 | $ | 33 | $ | 53 | $ | 3 | $ | 9 | ||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 96 | $ | 37 | $ | 51 | $ | 20 | $ | 24 | $ | 7 | $ | 11 | ||||||||
Interest cost on projected benefit obligation | 232 | 85 | 132 | 61 | 57 | 32 | 30 | |||||||||||||||
Expected return on plan assets | -384 | -150 | -182 | -91 | -78 | -44 | -45 | |||||||||||||||
Amortization of actuarial loss | 77 | 37 | 66 | 25 | 33 | 7 | 14 | |||||||||||||||
Amortization of prior service cost | 6 | 1 | 7 | 6 | ― | 1 | 2 | |||||||||||||||
Other | 18 | 7 | ― | ― | ― | 2 | 2 | |||||||||||||||
Net periodic pension costs(a)(b) | $ | 45 | $ | 17 | $ | 74 | $ | 21 | $ | 36 | $ | 5 | $ | 14 | ||||||||
(a) | Duke Energy amounts exclude $12 million, $14 million and $14 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy in April 2006. | |||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $6 million, $6 million and $7 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy in April 2006. | |||||||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net decrease | $ | -788 | $ | -205 | $ | -253 | $ | -109 | $ | -146 | $ | -96 | $ | -99 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax benefit | $ | 18 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Actuarial gains arising during the year | -33 | ― | -2 | ― | ― | ― | ― | |||||||||||||||
Prior year service credit arising during the year | -1 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Amortization of prior year actuarial losses | -15 | ― | -3 | ― | ― | ― | ― | |||||||||||||||
Reclassification of actuarial losses to regulatory assets | 3 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -28 | $ | ― | $ | -5 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net increase (decrease) | $ | 976 | $ | -111 | $ | -76 | $ | -89 | $ | 23 | $ | 22 | $ | 17 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax benefit | $ | 14 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 15 | $ | ― | ||||||||
Reclassification of actuarial losses to an affiliate | ― | ― | ― | ― | ― | -48 | ― | |||||||||||||||
Actuarial (gains) losses arising during the year | -2 | ― | 3 | ― | ― | ― | ― | |||||||||||||||
Prior year service credit arising during the year | -7 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Amortization of prior year actuarial losses | -13 | ― | -2 | ― | ― | -3 | ― | |||||||||||||||
Reclassification of actuarial losses to regulatory assets | -20 | ― | ― | ― | ― | -1 | ― | |||||||||||||||
Amortization of prior year service cost | -1 | ― | -1 | ― | ― | -1 | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -29 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -38 | $ | ― | ||||||||
Reconciliation of Funded Status to Net Amount Recognized | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Obligation at prior measurement date | $ | 8,030 | $ | 2,028 | $ | 2,868 | $ | 1,264 | $ | 1,309 | $ | 527 | $ | 684 | ||||||||
Service cost | 167 | 49 | 60 | 22 | 30 | 6 | 11 | |||||||||||||||
Interest cost | 320 | 80 | 116 | 50 | 53 | 21 | 28 | |||||||||||||||
Actuarial gains | -399 | -73 | -118 | -26 | -75 | -71 | -56 | |||||||||||||||
Transfers | ― | -26 | -7 | -45 | -17 | -2 | -2 | |||||||||||||||
Plan amendments | -41 | -13 | -19 | -8 | -7 | ― | ― | |||||||||||||||
Benefits paid | -567 | -170 | -161 | -85 | -60 | -39 | -33 | |||||||||||||||
Obligation at measurement date | $ | 7,510 | $ | 1,875 | $ | 2,739 | $ | 1,172 | $ | 1,233 | $ | 442 | $ | 632 | ||||||||
Accumulated Benefit Obligation at measurement date | $ | 7,361 | $ | 1,875 | $ | 2,698 | $ | 1,172 | $ | 1,192 | $ | 429 | $ | 608 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | 7,754 | $ | 2,151 | $ | 2,647 | $ | 1,289 | $ | 1,150 | $ | 446 | $ | 627 | ||||||||
Actual return on plan assets | 705 | 207 | 215 | 108 | 93 | 43 | 62 | |||||||||||||||
Benefits paid | -567 | -170 | -161 | -85 | -60 | -39 | -33 | |||||||||||||||
Transfers | ― | -26 | -7 | -45 | -17 | -2 | -2 | |||||||||||||||
Employer contributions | 250 | ― | 250 | 63 | 133 | ― | ― | |||||||||||||||
Plan assets at measurement date | $ | 8,142 | $ | 2,162 | $ | 2,944 | $ | 1,330 | $ | 1,299 | $ | 448 | $ | 654 | ||||||||
Funded status of plan | $ | 632 | $ | 287 | $ | 205 | $ | 158 | $ | 66 | $ | 6 | $ | 22 | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Obligation at prior measurement date | $ | 4,880 | $ | 1,831 | $ | 2,729 | $ | 1,263 | $ | 1,179 | $ | 627 | $ | 613 | ||||||||
Obligation assumed from acquisition | 2,850 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Service cost | 122 | 35 | 63 | 25 | 30 | 6 | 9 | |||||||||||||||
Interest cost | 307 | 90 | 127 | 58 | 56 | 31 | 30 | |||||||||||||||
Actuarial losses | 489 | 73 | 166 | 34 | 120 | 68 | 76 | |||||||||||||||
Transfers | ― | 176 | ― | ― | ― | -167 | ― | |||||||||||||||
Plan amendments | -170 | -52 | -64 | -43 | -10 | ― | -1 | |||||||||||||||
Benefits paid | -448 | -125 | -153 | -73 | -66 | -38 | -43 | |||||||||||||||
Obligation at measurement date | $ | 8,030 | $ | 2,028 | $ | 2,868 | $ | 1,264 | $ | 1,309 | $ | 527 | $ | 684 | ||||||||
Accumulated Benefit Obligation at measurement date | $ | 7,843 | $ | 2,028 | $ | 2,820 | $ | 1,264 | $ | 1,261 | $ | 501 | $ | 653 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | 4,741 | $ | 1,820 | $ | 2,191 | $ | 1,091 | $ | 969 | $ | 565 | $ | 582 | ||||||||
Assets received from acquisition | 2,285 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Actual return on plan assets | 872 | 280 | 263 | 130 | 119 | 86 | 88 | |||||||||||||||
Benefits paid | -448 | -125 | -153 | -73 | -66 | -38 | -43 | |||||||||||||||
Transfers | ― | 176 | ― | ― | ― | -167 | ― | |||||||||||||||
Employer contributions | 304 | ― | 346 | 141 | 128 | ― | ― | |||||||||||||||
Plan assets at measurement date | $ | 7,754 | $ | 2,151 | $ | 2,647 | $ | 1,289 | $ | 1,150 | $ | 446 | $ | 627 | ||||||||
Funded status of plan | $ | -276 | $ | 123 | $ | -221 | $ | 25 | $ | -159 | $ | -81 | $ | -57 | ||||||||
Amounts Recognized in the Consolidated Balance Sheets | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Prefunded pension(a) | $ | 632 | $ | 287 | $ | 230 | $ | 158 | $ | 66 | $ | 2 | $ | 75 | ||||||||
Noncurrent pension liability | $ | ― | $ | ― | $ | 25 | $ | ― | $ | ― | $ | -4 | $ | 53 | ||||||||
Net asset recognized | $ | 632 | $ | 287 | $ | 205 | $ | 158 | $ | 66 | $ | 6 | $ | 22 | ||||||||
Regulatory assets | $ | 1,599 | $ | 377 | $ | 826 | $ | 363 | $ | 395 | $ | 48 | $ | 147 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax asset | $ | -41 | $ | ― | $ | -9 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Prior service credit | -5 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net actuarial loss | 121 | ― | 21 | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive loss(b) | $ | 75 | $ | ― | $ | 12 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||
Unrecognized net actuarial loss | $ | 149 | $ | 35 | $ | 71 | $ | 33 | $ | 32 | $ | 4 | $ | 7 | ||||||||
Unrecognized prior service credit | -15 | -8 | -4 | -2 | -1 | ― | ― | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Prefunded pension(a) | $ | 163 | $ | 123 | $ | ― | $ | 25 | $ | ― | $ | ― | $ | ― | ||||||||
Noncurrent pension liability | $ | 439 | $ | ― | $ | 221 | $ | ― | $ | 159 | $ | 81 | $ | 57 | ||||||||
Net asset (liability) recognized | $ | -276 | $ | 123 | $ | -221 | $ | 25 | $ | -159 | $ | -81 | $ | -57 | ||||||||
Regulatory assets | $ | 2,387 | $ | 582 | $ | 1,079 | $ | 472 | $ | 541 | $ | 144 | $ | 246 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax asset | $ | -59 | $ | ― | $ | -9 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Prior service credit | -4 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net actuarial loss | 166 | ― | 26 | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive loss(b) | $ | 103 | $ | ― | $ | 17 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
(a) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheets. | |||||||||||||||||||||
(b) | Excludes accumulated other comprehensive income of $16 million and $9 million as of 2013 and 2012, respectively, net of tax, associated with a Brazilian retirement plan. | |||||||||||||||||||||
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | ||||||||||||||||||||||
As of December 31, 2013, no qualified pension plans had an accumulated benefit obligation in excess of plan assets. | ||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||
Projected benefit obligation | $ | 5,396 | $ | 2,868 | $ | 1,309 | $ | 527 | $ | 684 | ||||||||||||
Accumulated benefit obligation | 5,201 | 2,820 | 1,261 | 501 | 653 | |||||||||||||||||
Fair value of plan assets | 4,957 | 2,647 | 1,150 | 446 | 627 | |||||||||||||||||
Assumptions Used for Pension Benefits Accounting | ||||||||||||||||||||||
The discount rate used to determine the current year pension obligation and following year's pension expense is based on a bond selection-settlement portfolio approach. This approach develops a discount rate by selecting a portfolio of high quality corporate bonds that generate sufficient cash flow to provide for projected benefit payments of the plan. The selected bond portfolio is derived from a universe of non-callable corporate bonds rated Aa quality or higher. After the bond portfolio is selected, a single interest rate is determined that equates the present value of the plan's projected benefit payments discounted at this rate with the market value of the bonds selected. | ||||||||||||||||||||||
The average remaining service period of active covered employees is nine years for Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana and eight years for Progress Energy, Duke Energy Progress and Duke Energy Florida. | ||||||||||||||||||||||
The following tables present the assumptions used for pension benefit accounting. For Progress Energy plans, the assumptions used in 2012 to determine net periodic pension cost reflect remeasurement as of July 1, 2012, due to the merger between Duke Energy and Progress Energy. | ||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.75 | % | ||||||||||
Salary increase | 4.4 | % | 4.3 | % | 4.4 | % | 4 | % | 4 | % | 4 | % | ||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.75 | % | 5.55 | % | ||||||||||
Salary increase | 4.3 | % | 4.4 | % | 4.1 | % | 4 | % | 4 | % | 4.5 | % | ||||||||||
Expected long-term rate of return on plan assets | 7.75 | % | 8 | % | 8.25 | % | 7.75 | % | 8.00-8.25 | % | 8.5 | % | ||||||||||
Expected Benefit Payments | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Years ending December 31, | ||||||||||||||||||||||
2014 | $ | 667 | $ | 224 | $ | 190 | $ | 98 | $ | 68 | $ | 36 | $ | 47 | ||||||||
2015 | 643 | 218 | 185 | 92 | 71 | 35 | 45 | |||||||||||||||
2016 | 640 | 212 | 190 | 93 | 74 | 34 | 46 | |||||||||||||||
2017 | 633 | 205 | 191 | 91 | 77 | 34 | 44 | |||||||||||||||
2018 | 623 | 196 | 194 | 91 | 80 | 34 | 46 | |||||||||||||||
2019 - 2023 | 2,933 | 807 | 969 | 422 | 430 | 171 | 227 | |||||||||||||||
NON-QUALIFIED PENSION PLANS | ||||||||||||||||||||||
Components of Net Periodic Pension Costs | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 3 | $ | ― | $ | 1 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||
Interest cost on projected benefit obligation | 13 | 1 | 7 | 1 | 1 | ― | ― | |||||||||||||||
Amortization of actuarial loss | 5 | ― | 3 | 1 | 1 | ― | ― | |||||||||||||||
Amortization of prior service credit | -1 | ― | -1 | ― | ― | ― | ― | |||||||||||||||
Net periodic pension costs | $ | 20 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 2 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||
Interest cost on projected benefit obligation | 12 | 1 | 8 | 1 | 2 | ― | ― | |||||||||||||||
Amortization of actuarial loss | 4 | ― | 5 | 1 | ― | ― | ― | |||||||||||||||
Amortization of prior service cost (credit) | 1 | ― | -1 | ― | ― | ― | ― | |||||||||||||||
Net periodic pension costs | $ | 19 | $ | 1 | $ | 14 | $ | 3 | $ | 2 | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 1 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||
Interest cost on projected benefit obligation | 8 | 1 | 9 | 2 | 2 | ― | ― | |||||||||||||||
Amortization of actuarial loss | ― | ― | 3 | ― | 1 | ― | ― | |||||||||||||||
Amortization of prior service cost | 2 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net periodic pension costs | $ | 11 | $ | 1 | $ | 14 | $ | 3 | $ | 3 | $ | ― | $ | ― | ||||||||
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets and Liabilities | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net (decrease) increase | $ | -14 | $ | 1 | $ | -16 | $ | -4 | $ | -3 | $ | ― | $ | -2 | ||||||||
Regulatory liabilities, net increase | $ | 5 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax benefit | $ | ― | $ | ― | $ | 1 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Actuarial losses (gains) arising during the year | 2 | ― | -5 | ― | ― | ― | ― | |||||||||||||||
Prior year service credit arising during the year | -1 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive loss (income) | $ | 1 | $ | ― | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net increase (decrease) | $ | 34 | $ | ― | $ | -6 | $ | -2 | $ | 1 | $ | ― | $ | ― | ||||||||
Regulatory liabilities, net increase | $ | -8 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax benefit | $ | ― | $ | ― | $ | -1 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Actuarial (gains) losses arising during the year | -2 | ― | 3 | ― | ― | ― | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive (income) loss | $ | -2 | $ | ― | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Reconciliation of Funded Status to Net Amount Recognized | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Obligation at prior measurement date | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | ||||||||
Service cost | 3 | ― | 1 | 1 | ― | ― | ― | |||||||||||||||
Interest cost | 13 | 1 | 7 | 1 | 1 | ― | ― | |||||||||||||||
Actuarial losses | -15 | 1 | -11 | -3 | -3 | -1 | ― | |||||||||||||||
Settlements | -5 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Plan amendments | -1 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Transfers | ― | ― | -21 | ― | ― | ― | ― | |||||||||||||||
Benefits paid | -26 | -3 | -12 | -3 | -4 | ― | ― | |||||||||||||||
Obligation at measurement date | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | ||||||||
Accumulated Benefit Obligation at measurement date | $ | 302 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Benefits paid | -26 | -3 | -12 | -3 | -4 | ― | ― | |||||||||||||||
Employer contributions | 26 | 3 | 12 | 3 | 4 | ― | ― | |||||||||||||||
Plan assets at measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Obligation at prior measurement date | $ | 160 | $ | 18 | $ | 177 | $ | 39 | $ | 44 | $ | 4 | $ | 5 | ||||||||
Obligation assumed from acquisition | 172 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Service cost | 2 | ― | 2 | 1 | ― | ― | ― | |||||||||||||||
Interest cost | 12 | 1 | 8 | 1 | 2 | ― | ― | |||||||||||||||
Actuarial losses | 18 | ― | 11 | 3 | 3 | ― | ― | |||||||||||||||
Plan amendments | -5 | ― | -12 | -4 | -2 | ― | ― | |||||||||||||||
Transfers | ― | 1 | ― | ― | ― | ― | ― | |||||||||||||||
Benefits paid | -24 | -4 | -10 | -2 | -2 | ― | ― | |||||||||||||||
Obligation at measurement date | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | ||||||||
Accumulated Benefit Obligation at measurement date | $ | 332 | $ | 16 | $ | 175 | $ | 36 | $ | 44 | $ | 4 | $ | 5 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Benefits paid | -24 | -4 | -10 | -2 | -3 | ― | ― | |||||||||||||||
Employer contributions | 24 | 4 | 10 | 2 | 3 | ― | ― | |||||||||||||||
Plan assets at measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Amounts Recognized in the Consolidated Balance Sheets | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Current pension liability(a) | $ | 30 | $ | 2 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | ||||||||
Noncurrent pension liability | 274 | 13 | 129 | 32 | 36 | 3 | 5 | |||||||||||||||
Total accrued pension liability | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | ||||||||
Regulatory assets | $ | 45 | $ | 4 | $ | 18 | $ | 3 | $ | 6 | $ | ― | $ | ― | ||||||||
Regulatory liabilities | $ | 7 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax asset | $ | ― | $ | ― | $ | -3 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Prior service credit | -1 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net actuarial loss | 1 | ― | 7 | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive loss | $ | ― | $ | ― | $ | 4 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||
Unrecognized net actuarial loss | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||
Unrecognized prior service credit | -1 | ― | -1 | -1 | ― | ― | ― | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Current pension liability(a) | $ | 30 | $ | 3 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | ||||||||
Noncurrent pension liability | 305 | 13 | 165 | 36 | 42 | 4 | 5 | |||||||||||||||
Total accrued pension liability | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | ||||||||
Regulatory assets | $ | 59 | $ | 3 | $ | 34 | $ | 7 | $ | 9 | $ | ― | $ | 2 | ||||||||
Regulatory liabilities | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax asset | $ | ― | $ | ― | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Net actuarial (gain) loss | -1 | ― | 12 | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive (income) loss | $ | -1 | $ | ― | $ | 8 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
(a) | Included in Other within Current Liabilities on the Consolidated Balance Sheets. | |||||||||||||||||||||
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Projected benefit obligation | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | ||||||||
Accumulated benefit obligation | 302 | 15 | 140 | 34 | 39 | 3 | 5 | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Projected benefit obligation | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | ||||||||
Accumulated benefit obligation | 332 | 16 | 175 | 36 | 44 | 4 | 5 | |||||||||||||||
Assumptions Used for Pension Benefits Accounting | ||||||||||||||||||||||
The discount rate used to determine the current year pension obligation and following year's pension expense is based on a bond selection-settlement portfolio approach. This approach develops a discount rate by selecting a portfolio of high quality corporate bonds that generate sufficient cash flow to provide for projected benefit payments of the plan. The selected bond portfolio is derived from a universe of non-callable corporate bonds rated Aa quality or higher. After the bond portfolio is selected, a single interest rate is determined that equates the present value of the plan's projected benefit payments discounted at this rate with the market value of the bonds selected. | ||||||||||||||||||||||
The average remaining service period of active covered employees is 13 years for Duke Energy and Progress Energy, nine years for Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, 12 years for Duke Energy Progress and 17 years for Duke Energy Florida. | ||||||||||||||||||||||
The following tables present the assumptions used for pension benefit accounting. For Progress Energy plans, the assumptions used in 2012 to determine net periodic pension cost reflect remeasurement as of July 1, 2012, due to the merger between Duke Energy and Progress Energy. | ||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.8 | % | ||||||||||
Salary increase | 4.4 | % | 4.3 | % | 4.4 | % | ― | % | ― | % | 5.25 | % | ||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.80 | % | 5.6 | % | ||||||||||
Salary increase | 4.3 | % | 4.4 | % | 4.1 | % | ― | % | ― | % | 5.25 | % | ||||||||||
Expected Benefit Payments | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Years ending December 31, | ||||||||||||||||||||||
2014 | $ | 31 | $ | 3 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | ||||||||
2015 | 28 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||
2016 | 26 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||
2017 | 27 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||
2018 | 24 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||
2019 - 2023 | 112 | 6 | 52 | 13 | 15 | 1 | 2 | |||||||||||||||
Other Post-Retirement Benefit Plans | ||||||||||||||||||||||
Duke Energy provides, and the Subsidiary Registrants participate in, some health care and life insurance benefits for retired employees on a contributory and non-contributory basis. Employees are eligible for these benefits if they have met age and service requirements at retirement, as defined in the plans. The health care benefits include medical, dental, and prescription drug coverage and are subject to certain limitations, such as deductibles and co-payments. | ||||||||||||||||||||||
Duke Energy did not make any pre-funding contributions to its other post-retirement benefit plans during the years ended December 31, 2013, 2012 or 2011. | ||||||||||||||||||||||
Components of Net Periodic Other Post-Retirement Benefit Costs | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 24 | $ | 2 | $ | 18 | $ | 9 | $ | 7 | $ | 1 | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 68 | 13 | 41 | 22 | 16 | 2 | 5 | |||||||||||||||
Expected return on plan assets | -14 | -11 | ― | ― | ― | -1 | -1 | |||||||||||||||
Amortization of actuarial loss (gain) | 52 | 3 | 57 | 34 | 16 | -1 | 1 | |||||||||||||||
Amortization of prior service credit | -41 | -7 | -30 | -20 | -6 | -1 | ― | |||||||||||||||
Net periodic post-retirement benefit costs(a)(b) | $ | 89 | $ | ― | $ | 86 | $ | 45 | $ | 33 | $ | ― | $ | 6 | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 16 | $ | 2 | $ | 17 | $ | 8 | $ | 7 | $ | 1 | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 56 | 15 | 43 | 23 | 18 | 3 | 6 | |||||||||||||||
Expected return on plan assets | -17 | -10 | -2 | ― | -2 | -1 | -1 | |||||||||||||||
Amortization of actuarial loss (gain) | 14 | 3 | 35 | 20 | 12 | -2 | ― | |||||||||||||||
Amortization of prior service credit | -8 | -5 | ― | ― | ― | -1 | ― | |||||||||||||||
Amortization of net transition liability | 10 | 7 | 4 | ― | 3 | ― | ― | |||||||||||||||
Special termination benefit cost | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||
Net periodic post-retirement benefit costs(a)(b) | $ | 80 | $ | 13 | $ | 102 | $ | 53 | $ | 39 | $ | ― | $ | 6 | ||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Service cost | $ | 7 | $ | 2 | $ | 11 | $ | 5 | $ | 5 | $ | 1 | $ | 1 | ||||||||
Interest cost on accumulated post-retirement benefit obligation | 35 | 16 | 41 | 20 | 18 | 3 | 7 | |||||||||||||||
Expected return on plan assets | -15 | -10 | -2 | ― | -2 | -1 | -1 | |||||||||||||||
Amortization of actuarial (gain) loss | -3 | 2 | 12 | 5 | 7 | -2 | 2 | |||||||||||||||
Amortization of prior service credit | -8 | -5 | ― | ― | ― | -1 | ― | |||||||||||||||
Amortization of net transition liability | 10 | 9 | 5 | 1 | 4 | ― | ― | |||||||||||||||
Net periodic post-retirement benefit costs(a)(b) | $ | 26 | $ | 14 | $ | 67 | $ | 31 | $ | 32 | $ | ― | $ | 9 | ||||||||
(a) | Duke Energy amounts exclude $8 million, $9 million and $8 million for the years ended December 31, 2013, 2012 and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy in April 2006. | |||||||||||||||||||||
(b) | Duke Energy Ohio amounts exclude $2 million for each of the years ended December 31, 2013, 2012 and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energy’s merger with Cinergy in April 2006. | |||||||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets and Liabilities | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net (decrease) increase | $ | -683 | $ | -51 | $ | -634 | $ | -388 | $ | -166 | $ | ― | $ | -6 | ||||||||
Regulatory liabilities, net increase (decrease) | $ | 30 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 3 | $ | 9 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax benefit | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Actuarial gains arising during the year | -4 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Prior year service credit arising during the year | -3 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Amortization of prior year actuarial loss | 1 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Regulatory assets, net increase (decrease) | $ | 484 | $ | -20 | $ | 228 | $ | 170 | $ | 28 | $ | ― | $ | -6 | ||||||||
Regulatory liabilities, net decrease | $ | -6 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -1 | $ | -2 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax expense | $ | -2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -4 | $ | ― | ||||||||
Reclassification of actuarial losses to an affiliate | ― | ― | ― | ― | ― | 6 | ― | |||||||||||||||
Actuarial losses arising during the year | ― | ― | ― | ― | ― | 2 | ― | |||||||||||||||
Prior year service cost arising during the year | ― | ― | ― | ― | ― | 1 | ― | |||||||||||||||
Amortization of prior year actuarial loss | ― | ― | ― | ― | ― | 1 | ― | |||||||||||||||
Reclassification of actuarial gains to regulatory liabilities | 4 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amount recognized in accumulated other comprehensive loss | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 6 | $ | ― | ||||||||
Reconciliation of Funded Status to Accrued Other Post-Retirement Benefit Costs | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Accumulated post-retirement benefit obligation at prior measurement date | $ | 1,794 | $ | 316 | $ | 1,128 | $ | 612 | $ | 413 | $ | 48 | $ | 136 | ||||||||
Service cost | 24 | 2 | 18 | 9 | 7 | 1 | 1 | |||||||||||||||
Interest cost | 68 | 13 | 41 | 22 | 16 | 2 | 5 | |||||||||||||||
Plan participants' contributions | 47 | 15 | 14 | 6 | 7 | 3 | 3 | |||||||||||||||
Actuarial gains | -227 | -32 | -156 | -73 | -70 | -6 | -12 | |||||||||||||||
Transfers | ― | ― | -1 | -8 | ― | ― | ― | |||||||||||||||
Benefits paid | -132 | -36 | -60 | -26 | -31 | -6 | -14 | |||||||||||||||
Plan amendments | -476 | -16 | -455 | -311 | -91 | ― | -3 | |||||||||||||||
Accrued retiree drug subsidy | 8 | 3 | 4 | 2 | 2 | ― | 2 | |||||||||||||||
Accumulated post-retirement benefit obligation at measurement date | $ | 1,106 | $ | 265 | $ | 533 | $ | 233 | $ | 253 | $ | 42 | $ | 118 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | 198 | $ | 134 | $ | ― | $ | ― | $ | ― | $ | 7 | $ | 17 | ||||||||
Actual return on plan assets | 18 | 13 | ― | ― | ― | 2 | 2 | |||||||||||||||
Benefits paid | -132 | -36 | -60 | -26 | -31 | -6 | -14 | |||||||||||||||
Transfers(a) | ― | -1 | ― | ― | ― | ― | ― | |||||||||||||||
Employer contributions | 83 | 18 | 46 | 20 | 24 | 2 | 10 | |||||||||||||||
Plan participants' contributions | 47 | 15 | 14 | 6 | 7 | 3 | 3 | |||||||||||||||
Plan assets at measurement date | $ | 214 | $ | 143 | $ | ― | $ | ― | $ | ― | $ | 8 | $ | 18 | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Change in Projected Benefit Obligation | ||||||||||||||||||||||
Accumulated post-retirement benefit obligation at prior measurement date | $ | 667 | $ | 312 | $ | 841 | $ | 407 | $ | 368 | $ | 61 | $ | 135 | ||||||||
Obligation assumed from acquisition | 977 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Service cost | 16 | 2 | 17 | 8 | 7 | 1 | 1 | |||||||||||||||
Interest cost | 56 | 15 | 43 | 23 | 18 | 3 | 6 | |||||||||||||||
Plan participants' contributions | 41 | 18 | 13 | 5 | 7 | 4 | 8 | |||||||||||||||
Actuarial gains | 198 | 28 | 291 | 205 | 49 | 3 | -2 | |||||||||||||||
Transfers | ― | 9 | ― | ― | ― | -16 | ― | |||||||||||||||
Benefits paid | -105 | -38 | -61 | -24 | -33 | -8 | -13 | |||||||||||||||
Special termination benefit cost | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||
Plan amendments | -70 | -33 | -25 | -16 | -6 | ― | ― | |||||||||||||||
Accrued retiree drug subsidy | 5 | 2 | 4 | 2 | 2 | ― | 1 | |||||||||||||||
Accumulated post-retirement benefit obligation at measurement date | $ | 1,794 | $ | 316 | $ | 1,128 | $ | 612 | $ | 413 | $ | 48 | $ | 136 | ||||||||
Change in Fair Value of Plan Assets | ||||||||||||||||||||||
Plan assets at prior measurement date | $ | 181 | $ | 120 | $ | 37 | $ | ― | $ | 37 | $ | 9 | $ | 14 | ||||||||
Actual return on plan assets | 23 | 12 | 2 | ― | 2 | 1 | 2 | |||||||||||||||
Benefits paid | -105 | -38 | -61 | -24 | -33 | -8 | -13 | |||||||||||||||
Transfers(a) | ― | 5 | -39 | ― | -39 | -3 | ― | |||||||||||||||
Employer contributions | 58 | 17 | 48 | 19 | 26 | 4 | 6 | |||||||||||||||
Plan participants' contributions | 41 | 18 | 13 | 5 | 7 | 4 | 8 | |||||||||||||||
Plan assets at measurement date | $ | 198 | $ | 134 | $ | ― | $ | ― | $ | ― | $ | 7 | $ | 17 | ||||||||
(a) | Progress Energy and Duke Energy Florida amounts reflect assets that did not meet the definition of plan assets. These assets are included in Other within Investments and Other Assets on the Consolidated Balance Sheets. | |||||||||||||||||||||
Amounts Recognized in the Consolidated Balance Sheets | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Current post-retirement liability(a) | $ | 39 | $ | ― | $ | 36 | $ | 17 | $ | 16 | $ | 2 | $ | ― | ||||||||
Noncurrent post-retirement liability | 853 | 122 | 497 | 216 | 237 | 32 | 100 | |||||||||||||||
Total accrued post-retirement liability | $ | 892 | $ | 122 | $ | 533 | $ | 233 | $ | 253 | $ | 34 | $ | 100 | ||||||||
Regulatory assets | $ | -162 | $ | -34 | $ | -129 | $ | -97 | $ | 4 | $ | ― | $ | 71 | ||||||||
Regulatory liabilities | $ | 131 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 21 | $ | 77 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax liability | $ | 4 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Prior service credit | -5 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net actuarial gain | -6 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive income | $ | -7 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||
Unrecognized net actuarial loss (gain) | $ | 38 | $ | 3 | $ | 46 | 30 | $ | 10 | $ | -2 | $ | -6 | |||||||||
Unrecognized prior service credit | -125 | -10 | -112 | -73 | -21 | ― | ― | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Current post-retirement liability(a) | $ | 50 | $ | ― | $ | 47 | $ | 23 | $ | 20 | $ | 2 | $ | ― | ||||||||
Noncurrent post-retirement liability | 1,546 | 182 | 1,081 | 589 | 393 | 39 | 119 | |||||||||||||||
Total accrued post-retirement liability | $ | 1,596 | $ | 182 | $ | 1,128 | $ | 612 | $ | 413 | $ | 41 | $ | 119 | ||||||||
Regulatory assets | $ | 521 | $ | 17 | $ | 505 | $ | 291 | $ | 170 | $ | ― | $ | 77 | ||||||||
Regulatory liabilities | $ | 101 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 18 | $ | 68 | ||||||||
Accumulated other comprehensive (income) loss | ||||||||||||||||||||||
Deferred income tax liability | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
Prior service credit | -3 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net actuarial gain | -2 | ― | ― | ― | ― | ― | ― | |||||||||||||||
Net amounts recognized in accumulated other comprehensive income | $ | -3 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||
(a) | Included in Other within Current Liabilities on the Consolidated Balance Sheets. | |||||||||||||||||||||
Assumptions Used for Other Post-Retirement Benefits Accounting | ||||||||||||||||||||||
The discount rate used to determine the current year other post-retirement benefits obligation and following year's other post-retirement benefits expense is based on a bond selection-settlement portfolio approach. This approach develops a discount rate by selecting a portfolio of high quality corporate bonds that generate sufficient cash flow to provide for projected benefit payments of the plan. The selected bond portfolio is derived from a universe of non-callable corporate bonds rated Aa quality or higher. After the bond portfolio is selected, a single interest rate is determined that equates present value of the plan's projected benefit payments discounted at this rate with the market value of the bonds selected. | ||||||||||||||||||||||
The following tables present the assumptions used for other post-retirement benefits accounting. For Progress Energy plans, the assumptions used in 2012 to determine net periodic other post-retirement benefit cost reflect remeasurement as of July 1, 2012, due to the merger between Duke Energy and Progress Energy. | ||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.85 | % | ||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.85 | % | 5.7 | % | ||||||||||
Expected long-term rate of return on plan assets | 7.75 | % | 5.20-8.00 | % | 5.36-8.25 | % | ― | % | N/A-5.00 | % | 5 | % | ||||||||||
Assumed tax rate | 35 | % | 35 | % | 35 | % | ||||||||||||||||
Assumed Health Care Cost Trend Rate | ||||||||||||||||||||||
December 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||
Health care cost trend rate assumed for next year | 8.5 | % | 8.5 | % | ||||||||||||||||||
Rate to which the cost trend is assumed to decline (the ultimate trend rate) | 5 | % | 5 | % | ||||||||||||||||||
Year that rate reaches ultimate trend | 2021 | 2020 | ||||||||||||||||||||
Sensitivity to Changes in Assumed Health Care Cost Trend Rates | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
1-Percentage Point Increase | ||||||||||||||||||||||
Effect on total service and interest costs | $ | 11 | $ | 2 | $ | 7 | $ | 4 | $ | 3 | $ | 1 | $ | 1 | ||||||||
Effect on post-retirement benefit obligation | 42 | 10 | 20 | 9 | 10 | 2 | 4 | |||||||||||||||
1-Percentage Point Decrease | ||||||||||||||||||||||
Effect on total service and interest costs | -9 | -1 | -6 | -3 | -2 | — | -1 | |||||||||||||||
Effect on post-retirement benefit obligation | -36 | -9 | -16 | -7 | -8 | -1 | -4 | |||||||||||||||
Expected Benefit Payments | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Years ending December 31, | ||||||||||||||||||||||
2014 | $ | 85 | $ | 21 | $ | 36 | $ | 17 | $ | 17 | $ | 4 | $ | 11 | ||||||||
2015 | 88 | 22 | 38 | 17 | 17 | 4 | 12 | |||||||||||||||
2016 | 89 | 23 | 38 | 18 | 17 | 4 | 12 | |||||||||||||||
2017 | 89 | 23 | 38 | 18 | 17 | 3 | 11 | |||||||||||||||
2018 | 89 | 24 | 38 | 18 | 17 | 3 | 11 | |||||||||||||||
2019 - 2023 | 413 | 109 | 180 | 81 | 84 | 17 | 47 | |||||||||||||||
Plan Assets | ||||||||||||||||||||||
Description and Allocations | ||||||||||||||||||||||
Duke Energy Master Retirement Trust | ||||||||||||||||||||||
Assets for both the qualified pension and other post-retirement benefits are maintained in the Duke Energy Master Retirement Trust. Approximately 98 percent of the Duke Energy Master Retirement Trust assets were allocated to qualified pension plans and approximately 2 percent were allocated to other post-retirement plans, as of December 31, 2013 and 2012. The investment objective of the Duke Energy Master Retirement Trust is to achieve reasonable returns, subject to a prudent level of portfolio risk, for the purpose of enhancing the security of benefits for plan participants. | ||||||||||||||||||||||
The asset allocation targets were set after considering the investment objective and the risk profile. Equity securities are held for their high expected return. Debt securities, hedge funds, real estate and other global securities are held for diversification. Investments within asset classes are to be diversified to achieve broad market participation and reduce the impact of individual managers or investments. Duke Energy regularly reviews its actual asset allocation and periodically rebalances its investments to the targeted allocation when considered appropriate. | ||||||||||||||||||||||
Qualified pension and other post-retirement benefits for the Subsidiary Registrants are derived from the Duke Energy Master Retirement Trust, as such, each are allocated their proportionate share of the assets discussed below. | ||||||||||||||||||||||
The following table includes the target asset allocations by asset class at December 31, 2013 and the actual asset allocations for the Duke Energy Master Retirement Trust. | ||||||||||||||||||||||
Actual Allocation at December 31, | ||||||||||||||||||||||
Target Allocation | 2013 | 2012 | ||||||||||||||||||||
U.S. equity securities | 10 | % | 10 | % | 28 | % | ||||||||||||||||
Non-U.S. equity securities | 8 | % | 8 | % | 15 | % | ||||||||||||||||
Global equity securities | 10 | % | 10 | % | 10 | % | ||||||||||||||||
Global private equity securities | 3 | % | 3 | % | 3 | % | ||||||||||||||||
Debt securities | 63 | % | 63 | % | 32 | % | ||||||||||||||||
Hedge funds | 2 | % | 3 | % | 4 | % | ||||||||||||||||
Real estate and cash | 2 | % | 1 | % | 4 | % | ||||||||||||||||
Other global securities | 2 | % | 2 | % | 4 | % | ||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||||||||
Progress Energy Master Retirement Trust | ||||||||||||||||||||||
As of December 31, 2012, assets for Progress Energy qualified pension benefits were maintained in the Progress Energy Master Retirement Trust. As of January 1, 2013, assets previously held in the Progress Energy Master Retirement Trust were transferred into the Duke Energy Master Retirement Trust. The following table includes the actual asset allocations for the Progress Energy Master Retirement Trust at December 31, 2012. | ||||||||||||||||||||||
Actual Allocation at December 31, | ||||||||||||||||||||||
2012 | ||||||||||||||||||||||
U.S. equity securities | 20 | % | ||||||||||||||||||||
Non-U.S. equity securities | 14 | % | ||||||||||||||||||||
Global equity securities | 8 | % | ||||||||||||||||||||
Global private equity securities | 10 | % | ||||||||||||||||||||
Debt securities | 35 | % | ||||||||||||||||||||
Hedge funds | 9 | % | ||||||||||||||||||||
Real estate and cash | 1 | % | ||||||||||||||||||||
Other global securities | 3 | % | ||||||||||||||||||||
Total | 100 | % | ||||||||||||||||||||
VEBA I | ||||||||||||||||||||||
Duke Energy also invests other post-retirement assets in the Duke Energy Corporation Employee Benefits Trust (VEBA I). The investment objective of VEBA I is to achieve sufficient returns, subject to a prudent level of portfolio risk, for the purpose of promoting the security of plan benefits for participants. VEBA I is passively managed. | ||||||||||||||||||||||
The following table includes the weighted-average returns expected by asset classes and the target asset allocations at December 31, 2013 and the actual asset allocations for VEBA I. | ||||||||||||||||||||||
Actual Allocation at December 31, | ||||||||||||||||||||||
Target Allocation | 2013 | 2012 | ||||||||||||||||||||
U.S. equity securities | 30 | % | 29 | % | 23 | % | ||||||||||||||||
Debt securities | 45 | % | 29 | % | 32 | % | ||||||||||||||||
Cash | 25 | % | 42 | % | 45 | % | ||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||
Duke Energy classifies recurring and non-recurring fair value measurements based on the fair value hierarchy as discussed in Note 16. | ||||||||||||||||||||||
Valuation methods of the primary fair value measurements disclosed above are as follows: | ||||||||||||||||||||||
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 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. | ||||||||||||||||||||||
Investments in short-term investment funds | ||||||||||||||||||||||
Investments in short-term investment funds are valued at the net asset value of units held at year end. Investments in short-term investment funds with published prices are valued as Level 1. Investments in short-term investment funds with unpublished prices are valued as Level 2. | ||||||||||||||||||||||
Investments in real estate investment trusts | ||||||||||||||||||||||
Investments in real estate investment trusts are valued based upon property appraisal reports prepared by independent real estate appraisers. The Chief Real Estate Appraiser of the asset manager is responsible for assuring that the valuation process provides independent and reasonable property market value estimates. An external appraisal management firm not affiliated with the asset manager has been appointed to assist the Chief Real Estate Appraiser in maintaining and monitoring the independence and the accuracy of the appraisal process. | ||||||||||||||||||||||
Duke Energy Master Retirement Trust | ||||||||||||||||||||||
The following tables provide the fair value measurement amounts for the Duke Energy Master Retirement Trust qualified pension and other post-retirement assets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Equity securities | $ | 2,877 | $ | 1,801 | $ | 1,022 | $ | 54 | ||||||||||||||
Corporate debt securities | 2,604 | ― | 2,601 | 3 | ||||||||||||||||||
Short-term investment funds | 1,158 | 254 | 904 | ― | ||||||||||||||||||
Partnership interests | 307 | ― | ― | 307 | ||||||||||||||||||
Hedge funds | 164 | ― | 111 | 53 | ||||||||||||||||||
Real estate trusts | 95 | ― | ― | 95 | ||||||||||||||||||
U.S. government securities | 927 | ― | 927 | ― | ||||||||||||||||||
Guaranteed investment contracts | 33 | ― | ― | 33 | ||||||||||||||||||
Governments bonds - foreign | 19 | ― | 18 | 1 | ||||||||||||||||||
Cash | 58 | 58 | ― | ― | ||||||||||||||||||
Government and commercial mortgage backed securities | 7 | ― | 7 | ― | ||||||||||||||||||
Net pending transactions and other investments | 12 | 7 | 5 | ― | ||||||||||||||||||
Total assets(a) | $ | 8,261 | $ | 2,120 | $ | 5,595 | $ | 546 | ||||||||||||||
(a) | Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 28 percent, 35 percent, 16 percent, 16 percent, 5 percent and 8 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2013. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to the Subsidiary Registrants using these percentages. | |||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Equity securities | $ | 2,993 | $ | 1,415 | $ | 1,575 | $ | 3 | ||||||||||||||
Corporate debt securities | 1,391 | ― | 1,388 | 3 | ||||||||||||||||||
Short-term investment funds | 100 | 23 | 77 | ― | ||||||||||||||||||
Partnership interests | 141 | ― | ― | 141 | ||||||||||||||||||
Hedge funds | 97 | ― | 97 | ― | ||||||||||||||||||
Real estate trusts | 167 | ― | ― | 167 | ||||||||||||||||||
U.S. government securities | 237 | ― | 237 | ― | ||||||||||||||||||
Guarantees investment contracts | 37 | ― | ― | 37 | ||||||||||||||||||
Governments bonds - foreign | 65 | ― | 64 | 1 | ||||||||||||||||||
Cash | 4 | 4 | ― | ― | ||||||||||||||||||
Asset backed securities | 14 | ― | 14 | ― | ||||||||||||||||||
Net pending transactions and other investments | -16 | -21 | 5 | ― | ||||||||||||||||||
Total assets(a) | $ | 5,230 | $ | 1,421 | $ | 3,457 | $ | 352 | ||||||||||||||
(a) | Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 43 percent, 9 percent and 12 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana using these percentages. | |||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of assets of master trusts measured at fair value on a recurring basis where the determination of fair value includes significant unobservable inputs (Level 3). | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||
Balance at January 1 | $ | 352 | $ | 322 | ||||||||||||||||||
Combination of trust assets | 288 | ― | ||||||||||||||||||||
Purchases, sales, issuances and settlements | ||||||||||||||||||||||
Purchases | 25 | 21 | ||||||||||||||||||||
Sales | -152 | -4 | ||||||||||||||||||||
Total gains (losses) and other | 33 | 13 | ||||||||||||||||||||
Balance at December 31 | $ | 546 | $ | 352 | ||||||||||||||||||
Progress Energy Master Retirement Trust | ||||||||||||||||||||||
The following table provides the fair value measurement amounts for the Progress Energy Master Retirement Trust qualified pension assets. | ||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Equity securities | $ | 1,094 | $ | 361 | $ | 733 | $ | ― | ||||||||||||||
Corporate debt securities | 432 | ― | 432 | ― | ||||||||||||||||||
Partnership interests | 154 | ― | ― | 154 | ||||||||||||||||||
Hedge funds | 313 | ― | 189 | 124 | ||||||||||||||||||
U.S. government securities | 515 | 405 | 110 | ― | ||||||||||||||||||
Governments bonds - foreign | 6 | ― | 6 | ― | ||||||||||||||||||
Cash | 160 | 113 | 47 | ― | ||||||||||||||||||
Net pending transactions and other investments | 16 | ― | 6 | 10 | ||||||||||||||||||
Total assets(a) | $ | 2,690 | $ | 879 | $ | 1,523 | $ | 288 | ||||||||||||||
(a) | Duke Energy Progress and Duke Energy Florida were allocated approximately 48 percent and 44 percent, respectively, of the Progress Energy Master Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Progress and Duke Energy Florida using these percentages. | |||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of Progress Trust assets measured at fair value on a recurring basis where the determination of fair value includes significant unobservable inputs (Level 3). | ||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||
Balance at January 1 | $ | 288 | $ | 311 | ||||||||||||||||||
Combination of trust assets | -288 | ― | ||||||||||||||||||||
Purchases, sales, issuances and settlements | ||||||||||||||||||||||
Purchases | ― | 13 | ||||||||||||||||||||
Sales | ― | -14 | ||||||||||||||||||||
Transfers in and/or out of level 3 | ― | -41 | ||||||||||||||||||||
Total gains (losses) and other | ― | 19 | ||||||||||||||||||||
Balance at December 31 | $ | ― | $ | 288 | ||||||||||||||||||
VEBA I | ||||||||||||||||||||||
The following tables provide the fair value measurement amounts for VEBA I other post-retirement assets. | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Cash and cash equivalents | $ | 21 | $ | ― | $ | 21 | $ | ― | ||||||||||||||
Equity securities | 15 | ― | 15 | ― | ||||||||||||||||||
Debt securities | 15 | ― | 15 | ― | ||||||||||||||||||
Total assets | $ | 51 | $ | ― | $ | 51 | $ | ― | ||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Cash and cash equivalents | $ | 22 | $ | ― | $ | 22 | $ | ― | ||||||||||||||
Equity securities | 12 | ― | 12 | ― | ||||||||||||||||||
Debt securities | 16 | ― | 16 | ― | ||||||||||||||||||
Total assets | $ | 50 | $ | ― | $ | 50 | $ | ― | ||||||||||||||
Employee Savings Plans | ||||||||||||||||||||||
Duke Energy sponsors, and the Subsidiary Registrants participate in, employee savings plans that cover substantially all U.S. employees. Most employees participate in a matching contribution formula where Duke Energy provides a matching contribution generally equal to 100 percent of employee before-tax and Roth 401(k) contributions, and, as applicable, after-tax contributions, of up to 6 percent of eligible pay per pay period. Dividends on Duke Energy shares held by the savings plans are charged to retained earnings when declared and shares held in the plans are considered outstanding in the calculation of basic and diluted earnings per share. | ||||||||||||||||||||||
The following table includes pretax employer matching contributions made by Duke Energy and expensed by the Subsidiary Registrants. | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Years ended December 31, | ||||||||||||||||||||||
2013 | $ | 134 | $ | 45 | $ | 45 | $ | 25 | $ | 14 | $ | 3 | $ | 7 | ||||||||
2012 | 107 | 37 | 45 | 24 | 15 | 4 | 6 | |||||||||||||||
2011 | 86 | 37 | 44 | 23 | 14 | 4 | 8 | |||||||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||
Income Taxes And Other Taxes [Abstract] | ' | ||||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||||
22. INCOME TAXES | |||||||||||||||||||||||
Income Tax Expense | |||||||||||||||||||||||
Components of Income Tax Expense | |||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Current income taxes | |||||||||||||||||||||||
Federal | $ | -123 | $ | 49 | $ | -221 | $ | -70 | $ | -143 | $ | -21 | $ | -88 | |||||||||
State | -37 | 11 | -37 | -10 | -13 | -2 | 7 | ||||||||||||||||
Foreign | 151 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total current income taxes | -9 | 60 | -258 | -80 | -156 | -23 | -81 | ||||||||||||||||
Deferred income taxes | |||||||||||||||||||||||
Federal | 1,129 | 464 | 555 | 316 | 326 | 93 | 276 | ||||||||||||||||
State | 142 | 75 | 84 | 59 | 44 | 5 | 29 | ||||||||||||||||
Foreign | 14 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total deferred income taxes(a) | 1,285 | 539 | 639 | 375 | 370 | 98 | 305 | ||||||||||||||||
Investment tax credit amortization | -15 | -5 | -8 | -7 | -1 | ― | -1 | ||||||||||||||||
Income tax expense from continuing operations | 1,261 | 594 | 373 | 288 | 213 | 75 | 223 | ||||||||||||||||
Tax benefit from discontinued operations | -27 | ― | -26 | ― | ― | ― | ― | ||||||||||||||||
Total income tax expense included in Consolidated Statements of Operations | $ | 1,234 | $ | 594 | $ | 347 | $ | 288 | $ | 213 | $ | 75 | $ | 223 | |||||||||
(a) | Includes benefits of net operating loss (NOL) carryforwards of $837 million at Duke Energy, $458 million at Progress Energy, $64 million at Duke Energy Progress, $301 million at Duke Energy Florida, $29 million at Duke Energy Ohio and $179 million at Duke Energy Indiana. | ||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Current income taxes | |||||||||||||||||||||||
Federal | $ | -46 | $ | -1 | $ | -88 | $ | -48 | $ | 6 | $ | 26 | $ | -27 | |||||||||
State | 35 | -25 | 2 | -6 | ― | 11 | 27 | ||||||||||||||||
Foreign | 133 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total current income taxes | 122 | -26 | -86 | -54 | 6 | 37 | ― | ||||||||||||||||
Deferred income taxes | |||||||||||||||||||||||
Federal | 513 | 408 | 226 | 162 | 121 | 72 | -47 | ||||||||||||||||
State | 64 | 77 | 40 | 9 | 21 | -9 | -25 | ||||||||||||||||
Foreign | 20 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total deferred income taxes(a) | 597 | 485 | 266 | 171 | 142 | 63 | -72 | ||||||||||||||||
Investment tax credit amortization | -14 | -6 | -8 | -7 | -1 | -2 | -1 | ||||||||||||||||
Income tax expense (benefit) from continuing operations | 705 | 453 | 172 | 110 | 147 | 98 | -73 | ||||||||||||||||
Tax expense from discontinued operations | 24 | ― | 29 | ― | ― | ― | ― | ||||||||||||||||
Total income tax expense (benefit) included in Consolidated Statements of Operations | $ | 729 | $ | 453 | $ | 201 | $ | 110 | $ | 147 | $ | 98 | $ | -73 | |||||||||
(a) | Includes benefits of NOL carryforwards of $1,127 million at Duke Energy, $245 million at Duke Energy Carolinas, $357 million at Progress Energy, $257 million at Duke Energy Progress, $25 million at Duke Energy Florida, $99 million at Duke Energy Ohio and $205 million at Duke Energy Indiana. | ||||||||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Current income taxes | |||||||||||||||||||||||
Federal | $ | -37 | $ | -122 | $ | -91 | $ | -27 | $ | -60 | $ | -95 | $ | 95 | |||||||||
State | 21 | 30 | 29 | 21 | 5 | 1 | 42 | ||||||||||||||||
Foreign | 164 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total current income taxes | 148 | -92 | -62 | -6 | -55 | -94 | 137 | ||||||||||||||||
Deferred income taxes | |||||||||||||||||||||||
Federal | 526 | 531 | 365 | 262 | 214 | 194 | -38 | ||||||||||||||||
State | 56 | 40 | 27 | 6 | 22 | -2 | -23 | ||||||||||||||||
Foreign | 32 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total deferred income taxes(a) | 614 | 571 | 392 | 268 | 236 | 192 | -61 | ||||||||||||||||
Investment tax credit amortization | -10 | -7 | -7 | -6 | -1 | -2 | -2 | ||||||||||||||||
Income tax expense from continuing operations | 752 | 472 | 323 | 256 | 180 | 96 | 74 | ||||||||||||||||
Tax benefit from discontinued operations | ― | ― | -3 | ― | ― | ― | ― | ||||||||||||||||
Total income tax expense included in Consolidated Statements of Operations | $ | 752 | $ | 472 | $ | 320 | $ | 256 | $ | 180 | $ | 96 | $ | 74 | |||||||||
(a) | Includes benefits of NOL carryforwards of $274 million at Duke Energy, $79 million at Duke Energy Carolinas, $213 million at Progress Energy, $54 million at Duke Energy Progress, $41 million at Duke Energy Florida and $47 million at Duke Energy Ohio. | ||||||||||||||||||||||
Duke Energy Income from Continuing Operations before Income Taxes | |||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||
Domestic | $ | 3,320 | $ | 1,827 | $ | 1,780 | |||||||||||||||||
Foreign | 600 | 624 | 685 | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 3,920 | $ | 2,451 | $ | 2,465 | |||||||||||||||||
Statutory Rate Reconciliation | |||||||||||||||||||||||
The following tables present a reconciliation of income tax expense at the U.S. federal statutory tax rate to the actual tax expense from continuing operations. | |||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Income tax expense, computed at the statutory rate of 35 percent | $ | 1,372 | $ | 549 | $ | 361 | $ | 276 | $ | 188 | $ | 62 | $ | 203 | |||||||||
State income tax, net of federal income tax effect | 67 | 56 | 31 | 31 | 20 | 2 | 23 | ||||||||||||||||
Tax differential on foreign earnings | -45 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
AFUDC equity income | -55 | -32 | -18 | -15 | -3 | ― | -5 | ||||||||||||||||
Renewable energy production tax credits | -59 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Other items, net | -19 | 21 | -1 | -4 | 8 | 11 | 2 | ||||||||||||||||
Income tax expense from continuing operations | $ | 1,261 | $ | 594 | $ | 373 | $ | 288 | $ | 213 | $ | 75 | $ | 223 | |||||||||
Effective tax rate | 32.2 | % | 37.8 | % | 36.2 | % | 36.5 | % | 39.6 | % | 42.2 | % | 38.4 | % | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Income tax expense, computed at the statutory rate of 35 percent | $ | 858 | $ | 461 | $ | 185 | $ | 134 | $ | 145 | $ | 96 | $ | -43 | |||||||||
State income tax, net of federal income tax effect | 64 | 34 | 33 | 1 | 14 | 1 | 1 | ||||||||||||||||
Tax differential on foreign earnings | -66 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
AFUDC equity income | -101 | -54 | -37 | -24 | -13 | -2 | -26 | ||||||||||||||||
Renewable energy production tax credits | -25 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Other items, net | -25 | 12 | -9 | -1 | 1 | 3 | -5 | ||||||||||||||||
Income tax expense (benefit) from continuing operations | $ | 705 | $ | 453 | $ | 172 | $ | 110 | $ | 147 | $ | 98 | $ | -73 | |||||||||
Effective tax rate | 28.8 | % | 34.3 | % | 32.7 | % | 28.7 | % | 35.7 | % | 36 | % | 59.5 | % | |||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Income tax expense, computed at the statutory rate of 35 percent | $ | 863 | $ | 457 | $ | 319 | $ | 270 | $ | 173 | $ | 102 | $ | 85 | |||||||||
State income tax, net of federal income tax effect | 50 | 46 | 39 | 18 | 17 | -1 | 13 | ||||||||||||||||
Tax differential on foreign earnings | -44 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
AFUDC equity income | -91 | -59 | -36 | -25 | -11 | -2 | -31 | ||||||||||||||||
Renewable energy production tax credits | -21 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Other items, net | -5 | 28 | 1 | -7 | 1 | -3 | 7 | ||||||||||||||||
Income tax expense from continuing operations | $ | 752 | $ | 472 | $ | 323 | $ | 256 | $ | 180 | $ | 96 | $ | 74 | |||||||||
Effective tax rate | 30.5 | % | 36.1 | % | 35.6 | % | 33.2 | % | 36.3 | % | 33.1 | % | 30.6 | % | |||||||||
Valuation allowances have been established for certain foreign and state NOL carryforwards and state income tax credits that reduce deferred tax assets to an amount that will be realized on a more-likely-than-not basis. The net change in the total valuation allowance is included in Tax differential on foreign earnings and State income tax, net of federal income tax effect in the above tables. | |||||||||||||||||||||||
DEFERRED TAXES | |||||||||||||||||||||||
Net Deferred Income Tax Liability Components | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Deferred credits and other liabilities | $ | 245 | $ | 56 | $ | 136 | $ | 9 | $ | 96 | $ | -13 | $ | 9 | |||||||||
Capital lease obligations | 59 | 11 | ― | ― | ― | ― | -2 | ||||||||||||||||
Pension, postretirement and other employee benefits | 649 | 18 | 341 | 119 | 145 | 23 | 54 | ||||||||||||||||
Progress Energy merger purchase accounting adjustments(a) | 1,184 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Tax credits and NOL carryforwards | 4,307 | 488 | 1,965 | 396 | 365 | 165 | 521 | ||||||||||||||||
Other | 265 | 15 | 116 | 39 | 43 | 20 | 14 | ||||||||||||||||
Valuation allowance | -192 | ― | -40 | -1 | ― | ― | ― | ||||||||||||||||
Total deferred income tax assets | 6,517 | 588 | 2,518 | 562 | 649 | 195 | 596 | ||||||||||||||||
Investments and other assets | -1,396 | -999 | -209 | -160 | -49 | -17 | -7 | ||||||||||||||||
Accelerated depreciation rates | -12,615 | -4,400 | -3,663 | -2,528 | -1,160 | -1,937 | -1,591 | ||||||||||||||||
Regulatory assets and deferred debits | -3,185 | -609 | -1,389 | -202 | -1,159 | -168 | -117 | ||||||||||||||||
Total deferred income tax liabilities | -17,196 | -6,008 | -5,261 | -2,890 | -2,368 | -2,122 | -1,715 | ||||||||||||||||
Net deferred income tax liabilities | $ | -10,679 | $ | -5,420 | $ | -2,743 | $ | -2,328 | $ | -1,719 | $ | -1,927 | $ | -1,119 | |||||||||
(a) | Primarily related to capital lease obligations and debt fair value adjustments. | ||||||||||||||||||||||
On July 23, 2013, 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. | |||||||||||||||||||||||
The following table presents the expiration of tax credits and NOL carryforwards. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Amount | Expiration Year | |||||||||||||||||||||
Investment Tax Credits | $ | 498 | 2029 | - | 2033 | ||||||||||||||||||
Alternative Minimum Tax Credits | 1,028 | Indefinite | |||||||||||||||||||||
Federal NOL carryforwards | 2,471 | 2030 | - | 2033 | |||||||||||||||||||
State NOL carryforwards and credits(a) | 189 | 2014 | - | 2033 | |||||||||||||||||||
Foreign NOL carryforwards(b) | 121 | 2015 | - | 2033 | |||||||||||||||||||
Total tax credits and NOL carryforwards | $ | 4,307 | |||||||||||||||||||||
(a) | A valuation allowance of $83 million has been recorded on the state NOL carryforwards, state tax credits and state capital loss carryforwards, as presented in the Net Deferred Income Tax Liability Components table. | ||||||||||||||||||||||
(b) | A valuation allowance of $109 million has been recorded on the foreign NOL carryforwards, as presented in the Net Deferred Income Tax Liability Components table. Certain foreign NOL carryforwards have an indefinite expiration period. | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Deferred credits and other liabilities | $ | 256 | $ | 64 | $ | 110 | $ | 24 | $ | 76 | $ | -10 | $ | 22 | |||||||||
Capital lease obligations | 60 | 13 | ― | ― | ― | ― | -1 | ||||||||||||||||
Pension, postretirement and other employee benefits | 1,320 | 117 | 712 | 318 | 257 | 62 | 94 | ||||||||||||||||
Progress Energy merger purchase accounting adjustments(a) | 1,312 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Tax credits and NOL carryforwards | 3,311 | 447 | 1,536 | 309 | 91 | 152 | 340 | ||||||||||||||||
Other | 408 | 22 | 230 | 82 | 126 | 10 | 27 | ||||||||||||||||
Valuation allowance | -226 | ― | -77 | ― | ― | -1 | ― | ||||||||||||||||
Total deferred income tax assets | 6,441 | 663 | 2,511 | 733 | 550 | 213 | 482 | ||||||||||||||||
Investments and other assets | -1,093 | -838 | -112 | -108 | -6 | -25 | -18 | ||||||||||||||||
Accelerated depreciation rates | -11,208 | -4,289 | -2,803 | -2,178 | -592 | -1,823 | -1,131 | ||||||||||||||||
Regulatory assets and deferred debits | -3,819 | -627 | -1,775 | -465 | -1,318 | -197 | -185 | ||||||||||||||||
Total deferred income tax liabilities | -16,120 | -5,754 | -4,690 | -2,751 | -1,916 | -2,045 | -1,334 | ||||||||||||||||
Net deferred income tax liabilities | $ | -9,679 | $ | -5,091 | $ | -2,179 | $ | -2,018 | $ | -1,366 | $ | -1,832 | $ | -852 | |||||||||
(a) | Primarily related to capital lease obligations and debt fair value adjustments. | ||||||||||||||||||||||
Classification of Deferred Tax Assets (Liabilities) in the Consolidated Balance Sheets | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Current Assets: Other | $ | 1,373 | $ | 286 | $ | 540 | $ | 229 | $ | 110 | $ | 85 | $ | 52 | |||||||||
Investments and Other Assets: Other | 45 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Deferred Credits and Other Liabilities: Other | -12,097 | -5,706 | -3,283 | -2,557 | -1,829 | -2,012 | -1,171 | ||||||||||||||||
Net deferred income tax liabilities | $ | -10,679 | $ | -5,420 | $ | -2,743 | $ | -2,328 | $ | -1,719 | $ | -1,927 | $ | -1,119 | |||||||||
31-Dec-12 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Current Assets: Other | $ | 732 | $ | 90 | $ | 359 | $ | 144 | $ | 152 | $ | 21 | $ | 1 | |||||||||
Investments and Other Assets: Other | 85 | ― | 20 | ― | ― | ― | ― | ||||||||||||||||
Current Liabilities: Other | -6 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Deferred Credits and Other Liabilities: Other | -10,490 | -5,181 | -2,558 | -2,162 | -1,518 | -1,853 | -853 | ||||||||||||||||
Net deferred income tax liabilities | $ | -9,679 | $ | -5,091 | $ | -2,179 | $ | -2,018 | $ | -1,366 | $ | -1,832 | $ | -852 | |||||||||
Deferred income taxes and foreign withholding taxes have not been provided on undistributed earnings of Duke Energy's foreign subsidiaries when such amounts are deemed to be indefinitely reinvested. The cumulative undistributed earnings as of December 31, 2013 on which Duke Energy has not provided deferred income taxes and foreign withholding taxes is approximately $2.4 billion. The amount of unrecognized deferred tax liability related to these undistributed earnings is estimated at between $300 million and $375 million. | |||||||||||||||||||||||
UNRECOGNIZED TAX BENEFITS | |||||||||||||||||||||||
The following tables present changes to unrecognized tax benefits. | |||||||||||||||||||||||
Year Ended December 31, 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 | |||||||||
Unrecognized tax benefits increases (decreases) | |||||||||||||||||||||||
Gross decreases — tax positions in prior periods | -231 | -100 | -86 | -45 | -37 | -36 | -31 | ||||||||||||||||
Decreases due to settlements | -66 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Reduction due to lapse of statute of limitations | -13 | ― | -13 | ― | 1 | ― | ― | ||||||||||||||||
Total changes | -310 | -100 | -99 | -45 | -36 | -36 | -31 | ||||||||||||||||
Unrecognized tax benefits — December 31 | $ | 230 | $ | 171 | $ | 32 | $ | 22 | $ | 8 | $ | ― | $ | 1 | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
(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 | $ | 385 | $ | 260 | $ | 173 | $ | 73 | $ | 80 | $ | 32 | $ | 24 | |||||||||
Acquisitions | 128 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Unrecognized tax benefits increases (decreases) | |||||||||||||||||||||||
Gross increases — tax positions in prior periods | 29 | 12 | 23 | 10 | 12 | 2 | 6 | ||||||||||||||||
Gross decreases — tax positions in prior periods | -4 | ― | -72 | -19 | -52 | ― | ― | ||||||||||||||||
Gross increases — current period tax positions | 28 | 15 | 8 | 4 | 4 | 4 | 4 | ||||||||||||||||
Gross decreases — current period tax positions | -9 | -5 | -1 | -1 | ― | -2 | -2 | ||||||||||||||||
Decreases due to settlements | -13 | -11 | ― | ― | ― | ― | ― | ||||||||||||||||
Reduction due to lapse of statute of limitations | -4 | ― | ― | ― | ― | ― | ― | ||||||||||||||||
Total changes | 155 | 11 | -42 | -6 | -36 | 4 | 8 | ||||||||||||||||
Unrecognized tax benefits — December 31 | $ | 540 | $ | 271 | $ | 131 | $ | 67 | $ | 44 | $ | 36 | $ | 32 | |||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||
(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 | $ | 342 | $ | 217 | $ | 176 | $ | 74 | $ | 99 | $ | 29 | $ | 21 | |||||||||
Unrecognized tax benefits increases (decreases) | |||||||||||||||||||||||
Gross increases — tax positions in prior periods | 49 | 42 | 88 | 19 | 66 | 4 | 3 | ||||||||||||||||
Gross decreases — tax positions in prior periods | -18 | -8 | -24 | -14 | -21 | -5 | -3 | ||||||||||||||||
Gross increases — current period tax positions | 16 | 9 | 9 | 8 | 1 | 4 | 3 | ||||||||||||||||
Gross decreases — current period tax positions | ― | ― | -8 | -4 | -4 | ― | ― | ||||||||||||||||
Decreases due to settlements | -4 | ― | -68 | -10 | -61 | ― | ― | ||||||||||||||||
Total changes | 43 | 43 | -3 | -1 | -19 | 3 | 3 | ||||||||||||||||
Unrecognized tax benefits — December 31 | $ | 385 | $ | 260 | $ | 173 | $ | 73 | $ | 80 | $ | 32 | $ | 24 | |||||||||
The following table includes additional information regarding the Duke Energy Registrants' unrecognized tax benefits. It is reasonably possible that Duke Energy and Duke Energy Carolinas will reflect an approximate $4 million reduction in unrecognized tax benefits within the next 12 months due to expected settlements. All other Duke Energy Registrants do not anticipate a material increase or decrease in unrecognized tax benefits within the next 12 months. | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | |||||||||||||||||
Amount that if recognized, would affect the effective tax rate or regulatory liability(a) | $ | 128 | $ | 116 | $ | 2 | $ | 1 | $ | 1 | $ | 1 | |||||||||||
Amount that if recognized, would be recorded as a component of discontinued operations | 8 | ― | ― | ― | ― | ― | |||||||||||||||||
(a) | Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana are unable to estimate the specific amounts that would affect the effective tax rate versus the regulatory liability. | ||||||||||||||||||||||
OTHER TAX MATTERS | |||||||||||||||||||||||
The following tables include interest recognized in the Consolidated Statements of Operations and the Consolidated Balance Sheets. | |||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Net interest income recognized related to income taxes | $ | 2 | $ | 2 | $ | 6 | $ | 7 | $ | ― | $ | 4 | $ | 1 | |||||||||
Interest payable related to income taxes | 27 | 8 | 10 | 2 | 7 | ― | ― | ||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Net interest income recognized related to income taxes | $ | 10 | $ | 9 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 2 | |||||||||
Net interest expense recognized related to income taxes | ― | ― | 2 | ― | 2 | ― | ― | ||||||||||||||||
Interest receivable related to income taxes | ― | 7 | ― | ― | ― | ― | ― | ||||||||||||||||
Interest payable related to income taxes | 7 | ― | 17 | 8 | 9 | 3 | 1 | ||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||
Net interest income recognized related to income taxes | $ | 12 | $ | 5 | $ | 24 | $ | 6 | $ | 22 | $ | ― | $ | ― | |||||||||
Net interest expense recognized related to income taxes | ― | ― | ― | ― | ― | 1 | 1 | ||||||||||||||||
Interest receivable related to income taxes | 8 | 5 | ― | ― | ― | ― | ― | ||||||||||||||||
Interest payable related to income taxes | ― | ― | 21 | 8 | 7 | 3 | 3 | ||||||||||||||||
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 IRS is currently auditing the federal income tax returns for years 2008 through 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 2004. |
Other_Income_Expenses_Net
Other Income & Expenses, Net | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||||||||||||
Other Income Expenses, Net | ' | |||||||||||||||||||||
23. OTHER INCOME AND EXPENSES, NET | ||||||||||||||||||||||
The components of Other income and expenses, net on the Consolidated Statements of Operations are as follows. | ||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Interest income | $ | 26 | $ | 1 | $ | 7 | $ | 1 | $ | 3 | $ | 6 | $ | 6 | ||||||||
Foreign exchange losses | -18 | ― | ― | ― | ― | ― | ― | |||||||||||||||
AFUDC equity | 157 | 91 | 50 | 42 | 8 | 1 | 15 | |||||||||||||||
Deferred returns | 39 | 32 | 7 | 7 | ― | ― | ― | |||||||||||||||
Other income (expense) | 58 | -4 | 30 | 7 | 19 | -3 | -3 | |||||||||||||||
Other income and expense, net | $ | 262 | $ | 120 | $ | 94 | $ | 57 | $ | 30 | $ | 4 | $ | 18 | ||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Interest income | $ | 50 | $ | 11 | $ | 2 | $ | 1 | $ | 1 | $ | 10 | $ | 7 | ||||||||
Foreign exchange losses | -5 | ― | ― | ― | ― | ― | ― | |||||||||||||||
AFUDC equity | 300 | 154 | 106 | 69 | 37 | 6 | 84 | |||||||||||||||
Deferred returns | 24 | 24 | ― | ― | ― | ― | ― | |||||||||||||||
Other income (expense) | 28 | -4 | 22 | 9 | 1 | -3 | -1 | |||||||||||||||
Other income and expense, net | $ | 397 | $ | 185 | $ | 130 | $ | 79 | $ | 39 | $ | 13 | $ | 90 | ||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
Interest income | $ | 53 | $ | 10 | $ | 2 | $ | 1 | $ | 1 | $ | 14 | $ | 14 | ||||||||
Foreign exchange gains | 2 | ― | ― | ― | ― | ― | ― | |||||||||||||||
AFUDC equity | 260 | 168 | 103 | 71 | 32 | 5 | 88 | |||||||||||||||
Contingent value obligations mark-to-market loss | ― | ― | -59 | ― | ― | ― | ― | |||||||||||||||
Deferred returns | 10 | 10 | ― | ― | ― | ― | ― | |||||||||||||||
Other income (expense) | 51 | -2 | 6 | 8 | -3 | ― | -5 | |||||||||||||||
Other income and expense, net | $ | 376 | $ | 186 | $ | 52 | $ | 80 | $ | 30 | $ | 19 | $ | 97 | ||||||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
24. SUBSEQUENT EVENTS | |
For information on subsequent events related to acquisitions, dispositions and sales of other assets, regulatory matters and commitments and contingencies, see Notes 2, 4 and 5. |
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||
QuarterlyFinancialInformationTextBlock | ' | |||||||||||||||
25. QUARTERLY FINANCIAL DATA (UNAUDITED) | ||||||||||||||||
DUKE ENERGY | ||||||||||||||||
The following table includes the results of Progress Energy beginning July 2, 2012. Quarterly EPS amounts are meant to be stand-alone calculations and are not always additive to the full-year amount due to rounding and the weighting of share issuances. | ||||||||||||||||
(in millions, except per share data) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 5,898 | $ | 5,879 | $ | 6,709 | $ | 6,112 | $ | 24,598 | ||||||
Operating income | 1,215 | 821 | 1,743 | 1,203 | 4,982 | |||||||||||
Income from continuing operations | 634 | 345 | 994 | 686 | 2,659 | |||||||||||
Net income | 634 | 342 | 1,008 | 692 | 2,676 | |||||||||||
Net income attributable to Duke Energy Corporation | 634 | 339 | 1,004 | 688 | 2,665 | |||||||||||
Earnings per share: | ||||||||||||||||
Income from continuing operations attributable to Duke Energy Corporation common shareholders | ||||||||||||||||
Basic | $ | 0.89 | $ | 0.48 | $ | 1.4 | $ | 0.96 | $ | 3.74 | ||||||
Diluted | $ | 0.89 | $ | 0.48 | $ | 1.4 | $ | 0.96 | $ | 3.74 | ||||||
Net income attributable to Duke Energy Corporation common shareholders | ||||||||||||||||
Basic | $ | 0.89 | $ | 0.48 | $ | 1.42 | $ | 0.97 | $ | 3.77 | ||||||
Diluted | $ | 0.89 | $ | 0.48 | $ | 1.42 | $ | 0.97 | $ | 3.76 | ||||||
2012 | ||||||||||||||||
Operating revenues | $ | 3,630 | $ | 3,577 | $ | 6,722 | $ | 5,695 | $ | 19,624 | ||||||
Operating income | 495 | 786 | 1,078 | 767 | 3,126 | |||||||||||
Income from continuing operations | 297 | 449 | 594 | 406 | 1,746 | |||||||||||
Net income | 299 | 448 | 598 | 437 | 1,782 | |||||||||||
Net income attributable to Duke Energy Corporation | 295 | 444 | 594 | 435 | 1,768 | |||||||||||
Earnings per share: | ||||||||||||||||
Income from continuing operations attributable to Duke Energy Corporation common shareholders | ||||||||||||||||
Basic | $ | 0.66 | $ | 0.99 | $ | 0.84 | $ | 0.57 | $ | 3.01 | ||||||
Diluted | $ | 0.66 | $ | 0.99 | $ | 0.84 | $ | 0.57 | $ | 3.01 | ||||||
Net income attributable to Duke Energy Corporation common shareholders | ||||||||||||||||
Basic | $ | 0.66 | $ | 0.99 | $ | 0.85 | $ | 0.62 | $ | 3.07 | ||||||
Diluted | $ | 0.66 | $ | 0.99 | $ | 0.85 | $ | 0.62 | $ | 3.07 | ||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -55 | $ | -82 | $ | -88 | $ | -72 | $ | -297 | ||||||
Crystal River Unit 3 charges (see Note 4) | — | -295 | — | -57 | -352 | |||||||||||
Harris and Levy nuclear development charges (see Note 4) | — | -87 | — | — | -87 | |||||||||||
Gain on sale of DukeNet (see Note 12) | — | — | — | 105 | 105 | |||||||||||
Total | $ | -55 | $ | -464 | $ | -88 | $ | -24 | $ | -631 | ||||||
2012 | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -8 | $ | -7 | $ | -457 | $ | -164 | $ | -636 | ||||||
Edwardsport IGCC charges (see Note 4) | -420 | — | -180 | -28 | -628 | |||||||||||
Voluntary Opportunity Plan deferral (see Note 19) | 101 | — | — | — | 101 | |||||||||||
Total | $ | -327 | $ | -7 | $ | -637 | $ | -192 | $ | -1,163 | ||||||
(a) | Revised retail rates became effective in January for Duke Energy Florida, May for Duke Energy Ohio, June for Duke Energy Progress and September for Duke Energy Carolinas (see Note 4 for further information). | |||||||||||||||
DUKE ENERGY CAROLINAS | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 1,729 | $ | 1,591 | $ | 1,919 | $ | 1,715 | $ | 6,954 | ||||||
Operating income | 434 | 351 | 604 | 420 | 1,809 | |||||||||||
Net income | 244 | 181 | 342 | 209 | 976 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 1,501 | $ | 1,616 | $ | 1,939 | $ | 1,609 | $ | 6,665 | ||||||
Operating income | 475 | 386 | 440 | 216 | 1,517 | |||||||||||
Net income | 266 | 211 | 258 | 130 | 865 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -22 | $ | -35 | $ | -34 | $ | -29 | $ | -120 | ||||||
2012 | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -5 | $ | -184 | $ | -46 | $ | -239 | ||||||
Voluntary Opportunity Plan deferral (see Note 19) | 101 | — | — | — | 101 | |||||||||||
Total | $ | 97 | $ | -5 | $ | -184 | $ | -46 | $ | -138 | ||||||
(a) | Revised retail rates became effective in September in both North Carolina and South Carolina (see Note 4 for further information). | |||||||||||||||
PROGRESS ENERGY | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 2,186 | $ | 2,281 | $ | 2,766 | $ | 2,300 | $ | 9,533 | ||||||
Operating income | 430 | 114 | 671 | 403 | 1,618 | |||||||||||
Income (loss) from continuing operations | 154 | -13 | 328 | 190 | 659 | |||||||||||
Net income (loss) | 154 | -17 | 342 | 196 | 675 | |||||||||||
Net income (loss) attributable to Parent | 153 | -17 | 341 | 195 | 672 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 2,102 | $ | 2,288 | $ | 2,788 | $ | 2,227 | $ | 9,405 | ||||||
Operating income | 363 | 277 | 379 | 118 | 1,137 | |||||||||||
Income (loss) from continuing operations | 141 | 68 | 154 | -8 | 355 | |||||||||||
Net income | 152 | 64 | 157 | 34 | 407 | |||||||||||
Net income attributable to Parent | 150 | 63 | 155 | 32 | 400 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -19 | $ | -33 | $ | -42 | $ | -28 | $ | -122 | ||||||
Crystal River Unit 3 charges (see Note 4) | ― | -295 | ― | -57 | -352 | |||||||||||
Harris and Levy nuclear development charges (see Note 4) | ― | -87 | ― | ― | -87 | |||||||||||
Total | $ | -19 | $ | -415 | $ | -42 | $ | -85 | $ | -561 | ||||||
2012 | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -7 | $ | -20 | $ | -217 | $ | -82 | $ | -326 | ||||||
Florida replacement power refund (see Note 4) | ― | ― | -100 | ― | -100 | |||||||||||
Crystal River Unit 3 charges (see Note 4) | ― | ― | ― | -192 | -192 | |||||||||||
Total | $ | -7 | $ | -20 | $ | -317 | $ | -274 | $ | -618 | ||||||
(a) | Revised retail rates became effective in January in Florida and June in North Carolina (see Note 4 for further information). | |||||||||||||||
DUKE ENERGY PROGRESS | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 1,216 | $ | 1,135 | $ | 1,430 | $ | 1,211 | $ | 4,992 | ||||||
Operating income | 212 | 166 | 303 | 251 | 932 | |||||||||||
Net income | 110 | 77 | 175 | 138 | 500 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 1,090 | $ | 1,090 | $ | 1,398 | $ | 1,128 | $ | 4,706 | ||||||
Operating income | 107 | 83 | 172 | 148 | 510 | |||||||||||
Net income | 52 | 31 | 96 | 93 | 272 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -11 | $ | -22 | $ | -32 | $ | -19 | $ | -84 | ||||||
Harris nuclear development charges (see Note 4) | ― | -22 | ― | ― | -22 | |||||||||||
Total | $ | -11 | $ | -44 | $ | -32 | $ | -19 | $ | -106 | ||||||
2012 | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -4 | $ | -12 | $ | -180 | $ | -36 | $ | -232 | ||||||
(a) | Revised retail rates became effective in June in North Carolina (see Note 4 for further information). | |||||||||||||||
DUKE ENERGY FLORIDA | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 968 | $ | 1,142 | $ | 1,332 | $ | 1,085 | $ | 4,527 | ||||||
Operating income (loss) | 221 | -53 | 369 | 151 | 688 | |||||||||||
Net income (loss) | 110 | -57 | 197 | 75 | 325 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 1,010 | $ | 1,196 | $ | 1,388 | $ | 1,095 | $ | 4,689 | ||||||
Operating income (loss) | 255 | 196 | 207 | -29 | 629 | |||||||||||
Net income (loss) | 128 | 83 | 100 | -45 | 266 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -8 | $ | -11 | $ | -10 | $ | -9 | $ | -38 | ||||||
Crystal River Unit 3 charges (see Note 4) | ― | -295 | ― | -57 | -352 | |||||||||||
Levy nuclear development charges (see Note 4) | ― | -65 | ― | ― | -65 | |||||||||||
Total | $ | -8 | $ | -371 | $ | -10 | $ | -66 | $ | -455 | ||||||
2012 | ||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -3 | $ | -8 | $ | -37 | $ | -46 | $ | -94 | ||||||
Replacement power refund (see Note 4) | ― | ― | -100 | ― | -100 | |||||||||||
Crystal River Unit 3 charges (see Note 4) | ― | ― | ― | -192 | -192 | |||||||||||
Total | $ | -3 | $ | -8 | $ | -137 | $ | -238 | $ | -386 | ||||||
(a) | Revised retail rates became effective in January (see Note 4 for further information). | |||||||||||||||
DUKE ENERGY OHIO | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 747 | $ | 811 | $ | 819 | $ | 868 | $ | 3,245 | ||||||
Operating (loss) income | -17 | 108 | 116 | 44 | 251 | |||||||||||
Net (loss) income | -21 | 58 | 59 | 6 | 102 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 912 | $ | 717 | $ | 757 | $ | 766 | $ | 3,152 | ||||||
Operating income | 138 | 95 | 42 | 74 | 349 | |||||||||||
Net income | 74 | 45 | 14 | 42 | 175 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013(a) | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -4 | $ | -4 | $ | -4 | $ | -16 | ||||||
2012 | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -1 | $ | -1 | $ | -22 | $ | -12 | $ | -36 | ||||||
(a) | Revised retail rates became effective in May (see Note 4 for further information). | |||||||||||||||
DUKE ENERGY INDIANA | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Operating revenues | $ | 724 | $ | 700 | $ | 755 | $ | 747 | $ | 2,926 | ||||||
Operating income | 181 | 168 | 203 | 181 | 733 | |||||||||||
Net income | 90 | 82 | 104 | 82 | 358 | |||||||||||
2012 | ||||||||||||||||
Operating revenues | $ | 688 | $ | 685 | $ | 718 | $ | 626 | $ | 2,717 | ||||||
Operating (loss) income | -272 | 134 | -30 | 93 | -75 | |||||||||||
Net (loss) income | -167 | 77 | -19 | 59 | -50 | |||||||||||
The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years. All amounts discussed below are pretax unless otherwise noted. | ||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||||||||||
2013 | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -5 | $ | -5 | $ | -5 | $ | -19 | ||||||
2012 | ||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -1 | $ | -1 | $ | -21 | $ | -11 | $ | -34 | ||||||
Edwardsport IGCC charges (see Note 4) | -420 | — | -180 | -28 | -628 | |||||||||||
Total | $ | -421 | $ | -1 | $ | -201 | $ | -39 | $ | -662 | ||||||
Organization_and_Basis_of_Pres
Organization and Basis of Presentation (Policy) | 12 Months Ended |
Dec. 31, 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 U.S. and Latin America primarily through its direct and indirect subsidiaries. Duke Energy's subsidiaries include its wholly owned 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. | |
On July 2, 2012, Duke Energy merged with Progress Energy, with Duke Energy continuing as the surviving corporation. Progress Energy became a subsidiary of Duke Energy and Progress Energy's regulated utility subsidiaries, Duke Energy Progress (formerly Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc.) and Duke Energy Florida (formerly Florida Power Corporation d/b/a Progress Energy Florida, Inc.), became indirect subsidiaries of Duke Energy. Duke Energy's consolidated financial statements include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012. The impacts of acquisition accounting from Progress Energy's merger with Duke Energy were recorded by Duke Energy and were not reflected on the financial statements of Progress Energy, Duke Energy Progress and Duke Energy Florida. See Note 2 for additional information regarding the merger. On July 2, 2012, just prior to the close of the merger, Duke Energy executed a one-for-three reverse stock split with respect to the issued and outstanding shares of Duke Energy common stock. All per-share amounts included in this Form 10-K are presented as if the stock split had been effective from the beginning of the earliest period presented. | |
The information in these combined notes relates to each of the Duke Energy Registrants as noted in the Index to the 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. | |
These Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and subsidiaries where the respective Duke Energy Registrants have control. These Consolidated Financial Statements also reflect the Duke Energy Registrants' proportionate share of jointly owned generation and transmission facilities. | |
Duke Energy Carolinas is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), Public Service Commission of South Carolina (PSCSC), U.S. Nuclear Regulatory Commission (NRC) and FERC. Substantially all of Duke Energy Carolinas' operations qualify for regulatory accounting. | |
Progress Energy is a public utility holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. Substantially all of Progress Energy's operations qualify for regulatory accounting. | |
Duke Energy Progress is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, PSCSC, NRC and FERC. Substantially all of Duke Energy Progress' operations qualify for regulatory accounting. | |
Duke Energy Florida is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory jurisdiction of the Florida Public Service Commission (FPSC), NRC and FERC. Substantially all of Duke Energy Florida's operations qualify for regulatory accounting. | |
Duke Energy Ohio is a 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's principal lines of business include transmission and distribution of electricity and the sale of and/or transportation of natural gas. Duke Energy Ohio also generates and sells power into wholesale energy markets. 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), Kentucky Public Service Commission (KPSC) and FERC. Duke Energy Ohio applies regulatory accounting to a portion of its operations. | |
Duke Energy Indiana is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and the FERC. Substantially all of Duke Energy Indiana's operations qualify for regulatory accounting. | |
Certain prior year amounts have been reclassified to conform to the current year presentation. | |
Use Of Estimates | ' |
Use of Estimates | |
In preparing financial statements that conform to generally accepted accounting principles (GAAP) in the U.S., the Duke Energy Registrants 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. | |
Regulatory Accounting | ' |
Regulatory Accounting | |
The majority of the Duke Energy Registrants' operations are subject to price regulation for the sale of electricity and gas by state utility commissions or FERC. When prices are set on the basis of specific costs of the regulated operations and an effective franchise is in place such that sufficient gas or electric services can be sold to recover those costs, the Duke Energy Registrants apply regulatory accounting. Regulatory accounting changes the timing of the recognition of costs or revenues relative to a company that does not apply regulatory accounting. As a result, Regulatory assets and Regulatory liabilities are recognized on the Consolidated Balance Sheets. Regulatory assets and liabilities are amortized consistent with the treatment of the related cost in the ratemaking process. See Note 4 for further information. | |
Energy Purchases, Fuel Costs And Fuel Cost Deferrals | ' |
Regulated Fuel Costs and Purchased Power | |
The Duke Energy Registrants utilize cost-tracking mechanisms, commonly referred to as fuel adjustment clauses. These clauses allow for the recovery of fuel and fuel-related costs and portions of purchased power costs through surcharges on customer rates. The difference between the costs incurred and the surcharge revenues is recorded as an adjustment to Fuel used in electric generation and purchased power — regulated or Operating Revenues – Regulated electric on the Consolidated Statements of Operations with an off-setting impact on regulatory assets or liabilities. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
All highly liquid investments with maturities of three months or less at the date of acquisition are considered cash equivalents. At December 31, 2013, $1,086 million of Duke Energy's total cash and cash equivalents is held by entities domiciled in foreign jurisdictions and is forecasted to be used to fund international operations and investments. | |
Restricted Cash | ' |
Restricted Cash | |
The Duke Energy Registrants have restricted cash related primarily to collateral assets, escrow deposits, and variable interest entities (VIEs). Restricted cash balances are reflected in Other within Current Assets and in Other within Investments and Other Assets on the Consolidated Balance Sheets. At December 31, 2013 and 2012, Duke Energy had restricted cash totaling $307 million and $574 million, respectively. | |
Inventory | ' |
Inventory | |
Inventory is used for operations and is recorded primarily using the average cost method. Inventory related to regulated operations is valued at historical cost. Inventory related to nonregulated operations is valued at the lower of cost or market. Materials and supplies are recorded as inventory when purchased and subsequently charged to expense or capitalized to property, plant and equipment when installed. Reserves are established for excess and obsolete inventory. The components of inventory are presented in the tables below. | |
Investments In Debt And Equity Securities | ' |
Investments in Debt and Equity Securities | |
The Duke Energy Registrants classify investments into two categories — trading and available-for-sale. Both categories are recorded at fair value on the Consolidated Balance Sheets. Realized and unrealized gains and losses on trading securities are included in earnings. For certain investments of regulated operations such as the Nuclear Decommissioning Trust Fund (NDTF), realized and unrealized gains and losses (including any other-than-temporary impairments) on available-for-sale securities are recorded as a regulatory asset or liability. Otherwise, unrealized gains and losses are included in Accumulated Other Comprehensive Income (AOCI), unless other-than-temporarily impaired. Other-than-temporary impairments for equity securities and the credit loss portion of debt securities of nonregulated operations are included in earnings. Investments in debt and equity securities are classified as either current or noncurrent based on management's intent and ability to sell these securities, taking into consideration current market liquidity. See Note 15 for further information. | |
Goodwill | ' |
Goodwill and Intangible Assets | |
Goodwill | |
Duke Energy, Progress Energy and Duke Energy Ohio perform annual goodwill impairment tests as of August 31 each year at the reporting unit level, which is determined to be an operating segment or one level below. Duke Energy, Progress Energy and Duke Energy Ohio update these tests 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. | |
In 2012, Progress Energy changed its goodwill impairment testing date from October 31 to August 31 to better align its annual goodwill impairment testing procedure with those of Duke Energy. The change had no impact on goodwill. Neither the change in the goodwill impairment testing date nor the merger resulted in any changes to the Progress Energy reporting units. | |
Intangible Assets | |
Intangible assets are included in Other in Investments and Other Assets on the Consolidated Balance Sheets. Generally, intangible assets are amortized using an amortization method that reflects the pattern in which the economic benefits of the intangible asset are consumed, or on a straight-line basis if that pattern is not readily determinable. Amortization of intangibles is reflected in Depreciation and amortization in the Consolidated Statements of Operations. Intangible assets are subject to impairment testing and if impaired, the carrying value is accordingly reduced. | |
Emission allowances permit the holder of the allowance to emit certain gaseous by-products of fossil fuel combustion, including sulfur dioxide (SO2) and nitrogen oxide (NOx). Allowances are issued by the U.S. Environmental Protection Agency (EPA) at zero cost and may also be bought and sold via third-party transactions. Allowances allocated to or acquired by the Duke Energy Registrants are held primarily for consumption. Carrying amounts for emission allowances are based on the cost to acquire the allowances or, in the case of a business combination, on the fair value assigned in the allocation of the purchase price of the acquired business. | |
Renewable energy certificates are used to measure compliance with renewable energy standards and are held primarily for consumption. | |
See Note 11 for further information. | |
Long-Lived Asset Impairments | ' |
Long-Lived Asset Impairments | |
The Duke Energy Registrants evaluate long-lived assets, excluding goodwill, for impairment when circumstances indicate the carrying value of those assets may not be recoverable. An impairment exists when a long-lived asset's carrying value exceeds the estimated undiscounted cash flows expected to result from the use and eventual disposition of the asset. The estimated cash flows may be based on alternative expected outcomes that are probability weighted. If the carrying value of the long-lived asset is not recoverable based on these estimated future undiscounted cash flows, the carrying value of the asset is written-down to its then-current estimated fair value and an impairment charge is recognized. | |
The Duke Energy Registrants assess fair value of long-lived assets using various methods, including recent comparable third-party sales, internally developed discounted cash flow analysis and analysis from outside advisors. Significant changes in commodity prices, the condition of an asset or management's interest in selling the asset are generally viewed as triggering events to re-assess cash flows. See Note 11 for further information. | |
Property, Plant and Equipment | ' |
Property, Plant and Equipment | |
Property, plant and equipment are stated at the lower of depreciated historical cost net of any disallowances or fair value, if impaired. The Duke Energy Registrants capitalize all construction-related direct labor and material costs, as well as indirect construction costs such as general engineering, taxes and financing costs. See “Allowance for Funds Used During Construction (AFUDC) and Interest Capitalized” for information on capitalized financing costs. Costs of renewals and betterments that extend the useful life of property, plant and equipment are also capitalized. The cost of repairs, replacements and major maintenance projects, which do not extend the useful life or increase the expected output of the asset, are expensed as incurred. Depreciation is generally computed over the estimated useful life of the asset using the composite straight-line method. Depreciation studies are conducted periodically to update composite rates and are approved by state utility commissions and/or the FERC when required. The composite weighted-average depreciation rates, excluding nuclear fuel, are included in the table that follows. | |
In general, when the Duke Energy Registrants retire regulated property, plant and equipment, original cost plus the cost of retirement, less salvage value, is charged to accumulated depreciation. However, when it becomes probable a regulated asset will be retired substantially in advance of its original expected useful life or is abandoned, the cost of the asset and the corresponding accumulated depreciation is recognized as a separate asset. If the asset is still in operation, the net amount is classified as Generation facilities to be retired, net on the Consolidated Balance Sheets. If the asset is no longer operating, the net amount is classified in Regulatory Assets on the Consolidated Balance Sheets. The carrying value of the asset is based on historical cost if the Duke Energy Registrants are allowed to recover the remaining net book value and a return equal to at least the incremental borrowing rate. If not, an impairment is recognized to the extent the net book value of the asset exceeds the present value of future revenues discounted at the incremental borrowing rate. | |
When the Duke Energy Registrants sell entire regulated operating units, or retire or sell nonregulated properties, the original cost and accumulated depreciation and amortization balances are removed from Property, Plant and Equipment on the Consolidated Balance Sheets. Any gain or loss is recorded in earnings, unless otherwise required by the applicable regulatory body. | |
See Note 10 for further information. | |
Nuclear Fuel | ' |
Nuclear Fuel | |
Nuclear fuel is classified as Property, Plant and Equipment on the Consolidated Balance Sheets. Nuclear fuel in the front-end fuel processing phase is considered work in progress and not amortized until placed in service. Amortization of nuclear fuel is included within Fuel used in electric generation and purchased power – regulated in the Consolidated Statements of Operations. Amortization is recorded using the units-of-production method. | |
AFUDC And Interest Capitalized | ' |
Allowance for Funds Used During Construction (AFUDC) and Interest Capitalized | |
For regulated operations, the debt and equity costs of financing the construction of property, plant and equipment are reflected as AFUDC and capitalized as a component of the cost of property, plant and equipment. AFUDC equity is reported on the Consolidated Statements of Operations as non-cash income in Other income and expenses, net. AFUDC debt is reported as a non-cash offset to Interest Expense. After construction is completed, the Duke Energy Registrants are permitted to recover these costs through their inclusion in rate base and the corresponding subsequent depreciation or amortization of those regulated assets. | |
AFUDC equity, a permanent difference for income taxes, reduces the effective tax rate when capitalized and increases the effective tax rate when depreciated or amortized. See Note 22 for additional information. | |
For nonregulated operations, interest is capitalized during the construction phase with an offsetting non-cash credit to Interest Expense on the Consolidated Statements of Operations. | |
Asset Retirement Obligations | ' |
Asset Retirement Obligations | |
Asset retirement obligations are recognized for legal obligations associated with the retirement of property, plant and equipment. Substantially all asset retirement obligations are related to regulated operations. When recording an asset retirement obligation, the present value of the projected liability is recognized in the period in which it is incurred, if a reasonable estimate of fair value can be made. The liability is accreted over time. The present value of the liability is added to the cost of the associated asset and depreciated over the remaining life of the asset. | |
The present value of the initial obligation and subsequent updates are based on discounted cash flows, which include estimates regarding timing of future cash flows, selection of discount rates and cost escalation rates, among other factors. These estimates are subject to change. Depreciation expense is adjusted prospectively for any changes to the carrying amount of the associated asset. The Duke Energy Registrants receive amounts to fund the cost of the asset retirement obligation for regulated operations through a combination of regulated revenues and NDTF. As a result, the net of amounts recovered in regulated revenues, earnings on the NDTF, accretion expense and depreciation of the associated asset is deferred as a regulatory asset or liability. | |
Obligations for nuclear decommissioning are based on site-specific cost studies. Duke Energy Carolinas and Duke Energy Progress assume prompt dismantlement of the nuclear facilities after operations are ceased. Duke Energy Florida assumes Crystal River Nuclear Station – Unit 3 (Crystal River Unit 3) will be placed into a safe storage configuration until eventual dismantlement begins in approximately 60 years. Duke Energy Carolinas, Duke Energy Progress and Duke Energy Florida also assume that spent fuel will be stored on site until such time that it can be transferred to a U.S. Department of Energy (DOE) facility. | |
See Note 9 for further information. | |
Unbilled Revenue | ' |
Revenue Recognition and Unbilled Revenue | |
Revenues on sales of electricity and gas are recognized when service is provided. Unbilled revenues are recognized by applying customer billing rates to the estimated volumes of energy delivered but not yet billed. Unbilled revenues can vary significantly from period to period as a result of seasonality, weather, customer usage patterns and meter reading schedules. | |
Unbilled revenues are included within Receivables and Restricted receivables of variable interest entities on the Consolidated Balance Sheets as shown in the following table. | |
Accounting For Risk Management, Hedging Activities And Financial Instruments | ' |
Derivatives and Hedging | |
Derivative and non-derivative instruments may be used in connection with commodity price, interest rate and foreign currency risk management activities, including swaps, futures, forwards and options. All derivative instruments except those that qualify for the normal purchase/normal sale (NPNS) exception are recorded on the Consolidated Balance Sheets at their fair value. Qualifying derivative instruments may be designated as either cash flow hedges or fair value hedges. Other derivative instruments (undesignated contracts) either have not been designated or do not qualify as hedges. The effective portion of the change in the fair value of cash flow hedges is recorded in AOCI. The effective portion of the change in the fair value of a fair value hedge is offset in net income by changes in the hedged item. For activity subject to regulatory accounting, gains and losses on derivative contracts are reflected as regulatory assets or liabilities and not as other comprehensive income or current period income. As a result, changes in fair value of these derivatives have no immediate earnings impact. | |
Formal documentation, including transaction type and risk management strategy, is maintained for all contracts accounted for as a hedge. At inception and at least every three months thereafter, the hedge contract is assessed to see if it is highly effective in offsetting changes in cash flows or fair values of hedged items. | |
See Note 14 for further information. | |
Captive Insurance Reserves | ' |
Captive Insurance Reserves | |
Duke Energy has captive insurance subsidiaries that provide coverage, on an indemnity basis, to the Subsidiary Registrants as well as certain third parties, on a limited basis, for various business risks and losses, such as property, workers' compensation and general liability. Liabilities include provisions for estimated losses incurred but not yet reported (IBNR), as well as estimated provisions for known claims. IBNR reserve estimates are primarily based upon historical loss experience, industry data and other actuarial assumptions. Reserve estimates are adjusted in future periods as actual losses differ from experience. | |
Duke Energy, through its captive insurance entities, also has reinsurance coverage with third parties for certain losses above a per occurrence and/or aggregate retention. Receivables for reinsurance coverage are recognized when realization is deemed probable. | |
Unamortized Debt Premium, Discount And Expense | ' |
Unamortized Debt Premium, Discount and Expense | |
Premiums, discounts and expenses incurred with the issuance of outstanding long-term debt are amortized over the term of the debt issue. Call premiums and unamortized expenses associated with refinancing higher-cost debt obligations used to finance regulated assets are amortized. Amortization expense is recorded as Interest Expense in the Consolidated Statements of Operations and is reflected as Depreciation, amortization and accretion within Net cash provided by operating activities on the Consolidated Statements of Cash Flows. | |
Loss Contingencies And Environmental Liabilities | ' |
Loss Contingencies and Environmental Liabilities | |
Contingent losses are recorded when it is probable a loss has occurred and can be reasonably estimated. When a range of the probable loss exists and no amount within the range is a better estimate than any other amount, the minimum amount in the range is recorded. Unless otherwise required by GAAP, legal fees are expensed as incurred. | |
Environmental liabilities are recorded on an undiscounted basis when environmental remediation or other liabilities becomes probable and can be reasonably estimated. Environmental expenditures related to past operations that do not generate current or future revenues are expensed. Environmental expenditures related to operations that generate current or future revenues are expensed or capitalized, as appropriate. Certain environmental expenditures receive regulatory accounting treatment and are recorded as regulatory assets. | |
See Notes 4 and 5 for further information. | |
Pension And Other Post-Retirement Benefit Plans | ' |
Pension and Other Post-Retirement Benefit Plans | |
Duke Energy maintains qualified, non-qualified and other post-retirement benefit plans. Eligible employees of the Subsidiary Registrants participate in the respective qualified, non-qualified and other post-retirement benefit plans and are allocated their proportionate share of benefit costs. See Note 21 for further information, including significant accounting policies associated with these plans. | |
Severance And Special Termination Benefits | ' |
Severance and Special Termination Benefits | |
Duke Energy has an ongoing severance plan under which, in general, the longer a terminated employee worked prior to termination the greater the amount of severance benefits. A liability for involuntary severance is recorded once an involuntary severance plan is committed to by management, or sooner, if involuntary severances are probable and can be reasonably estimated. For involuntary severance benefits incremental to its ongoing severance plan benefits, the fair value of the obligation is expensed at the communication date if there are no future service requirements, or over the required future service period. From time to time, Duke Energy offers special termination benefits under voluntary severance programs. Special termination benefits are recorded immediately upon employee acceptance absent a significant retention period. Otherwise, the cost is recorded over the remaining service period. Employee acceptance of voluntary severance benefits is determined by management based on the facts and circumstances of the benefits being offered. See Note 19 for further information. | |
Guarantees | ' |
Guarantees | |
Liabilities are recognized at the time of issuance or material modification of a guarantee for the estimated fair value of the obligation it assumes. Fair value is estimated using a probability-weighted approach. The obligation is reduced over the term of the guarantee or related contract in a systematic and rational method as risk is reduced. Any additional contingent loss for guarantee contracts subsequent to the initial recognition of a liability is accounted for and recognized at the time a loss is probable and can be reasonably estimated. See Note 7 for further information. | |
Stock-based Compensation | ' |
Stock-Based Compensation | |
Stock-based compensation represents costs related to stock-based awards granted to employees. Duke Energy recognizes stock-based compensation based upon the estimated fair value of awards, net of estimated forfeitures at the date of issuance. The recognition period for these costs begin at either the applicable service inception date or grant date and continues throughout the requisite service period, or for certain share-based awards until the employee becomes retirement eligible, if earlier. Compensation cost is recognized as expense or capitalized as a component of property, plant and equipment. See Note 20 for further information. | |
Income Taxes | ' |
Income Taxes | |
Duke Energy and its subsidiaries file a consolidated federal income tax return and other state and foreign jurisdictional returns. The Subsidiary Registrants entered into a tax-sharing agreement with Duke Energy and income taxes recorded represent amounts the Subsidiary Registrants would incur as separate C-Corporations. Deferred income taxes have been provided for temporary differences between GAAP and tax bases of assets and liabilities because the differences create taxable or tax-deductible amounts for future periods. Deferred taxes are not provided on translation gains and losses when earnings of a foreign operation are expected to be indefinitely reinvested. Investment tax credits (ITC) associated with regulated operations are deferred and amortized as a reduction of income tax expense over the estimated useful lives of the related properties. | |
Positions taken or expected to be taken on tax returns, including the decision to exclude certain income or transactions from a return, are recognized in the financial statements when it is more likely than not the tax position can be sustained based solely on the technical merits of the position. The largest amount of tax benefit that is greater than 50 percent likely of being effectively settled is recorded. Management considers a tax position effectively settled when: (i) the taxing authority has completed its examination procedures, including all appeals and administrative reviews; (ii) the Duke Energy Registrants do not intend to appeal or litigate the tax position included in the completed examination; and (iii) it is remote the taxing authority would examine or re-examine the tax position. The amount of a tax return position that is not recognized in the financial statements is disclosed as an unrecognized tax benefit. These unrecognized tax benefits may impact the financial statements through increasing income taxes payable, reducing income tax refunds receivable or changing deferred taxes. | |
Tax-related interest and penalties are recorded in Interest Expense and Other Income and Expenses, net, in the Consolidated Statements of Operations. | |
See Note 22 for further information. | |
Accounting For Renewable Energy Tax Credits And Grants | ' |
Accounting for Renewable Energy Tax Credits and Grants | |
When Duke Energy elects either an ITC or a cash grant on wind or solar facilities, it reduces the basis of the property recorded on the Consolidated Balance Sheets by the amount of the ITC or cash grant and, therefore, the ITC or grant benefit is recognized through reduced depreciation expense. Additionally, certain tax credits and government grants received provide for initial tax depreciable base in excess of the book carrying value equal to one half of the ITC or government grant. Deferred tax benefits are recorded as a reduction to income tax expense in the period that the basis difference is created. | |
Excise Taxes | ' |
Excise Taxes | |
Certain excise taxes levied by state or local governments are required to be paid even if not collected from the customer. These taxes are recognized on a gross basis. Otherwise, the taxes are accounted for net. Excise taxes accounted for on a gross basis as Property and other taxes in the Consolidated Statements of Operations were as follows. | |
Foreign Currency Transaction | ' |
Foreign Currency Translation | |
The local currencies of most of Duke Energy's foreign operations have been determined to be their functional currencies. However, certain foreign operations' functional currency has been determined to be the U.S. Dollar, based on an assessment of the economic circumstances of the foreign operation. Assets and liabilities of foreign operations whose functional currency is not the U.S. Dollar, are translated into U.S. Dollars at the exchange rates in effect at period end. Translation adjustments resulting from changes in exchange rates are included in AOCI. Revenue and expense accounts are translated at average exchange rates during the year. Gains and losses arising from balances and transactions denominated in currencies other than the local currency are included in the results of operations when they occur. | |
Dividend Restrictions And Unappropriated Retained Earnings | ' |
Dividend Restrictions and Unappropriated Retained Earnings | |
Duke Energy does not have any legal, regulatory or other restrictions on paying common stock dividends to shareholders. However, as further described in Note 4, due to conditions established by regulators in conjunction with merger transaction approvals, Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana have restrictions on paying dividends or otherwise advancing funds to Duke Energy. At December 31, 2013 and 2012, an insignificant amount of Duke Energy's consolidated Retained earnings balance represents undistributed earnings of equity method investments. | |
New Accounting Standards | ' |
New Accounting Standards | |
The new accounting standards that were adopted for 2013, 2012 and 2011 had no significant impact on the presentation or results of operations, cash flows or financial position of the Duke Energy Registrants. Disclosures have been enhanced to provide a discussion and tables on derivative contracts subject to enforceable master netting agreements and a table of quantitative disclosures about unobservable inputs. See Notes 14 and 16 for further information. | |
There are no Accounting Standards Updates that have been issued but not yet adopted as of December 31, 2013, that are expected to significantly impact the presentation or results of operations, cash flows or financial position or disclosures of the Duke Energy Registrants. | |
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, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 17 for further information. These receivables for unbilled revenues are 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, including receivables for unbilled revenues, to an affiliate, Cinergy Receivables Company, LLC (CRC) and account for the transfers of receivables as sales. Accordingly, the receivables sold are not reflected on the Consolidated Balance Sheets of Duke Energy Ohio and Duke Energy Indiana. See Note 17 for further information. These receivables for unbilled revenues are shown in the table below. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Components Of Inventory | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||
Materials and supplies | $ | 1,901 | $ | 654 | $ | 854 | $ | 567 | $ | 287 | $ | 117 | $ | 193 | Materials and supplies | $ | 1,691 | $ | 535 | $ | 768 | $ | 499 | $ | 269 | $ | 135 | $ | 161 | |||||||||||||||
Coal held for electric generation | 1,018 | 374 | 334 | 187 | 147 | 65 | 238 | Coal held for electric generation | 1,187 | 488 | 392 | 232 | 160 | 82 | 216 | |||||||||||||||||||||||||||||
Oil, gas and other fuel held for electric generation | 331 | 37 | 236 | 99 | 137 | 47 | 3 | Oil, gas and other fuel held for electric generation | 345 | 39 | 281 | 97 | 184 | 10 | 3 | |||||||||||||||||||||||||||||
Total inventory | $ | 3,250 | $ | 1,065 | $ | 1,424 | $ | 853 | $ | 571 | $ | 229 | $ | 434 | Total inventory | $ | 3,223 | $ | 1,062 | $ | 1,441 | $ | 828 | $ | 613 | $ | 227 | $ | 380 | |||||||||||||||
Schedule Of Composite Weighted-Average Depreciation Rates | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | (in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||
Duke Energy | 2.8 | % | 2.9 | % | 3.2 | % | Land | $ | 1,368 | $ | 378 | $ | 618 | $ | 380 | $ | 239 | $ | 136 | $ | 90 | |||||||||||||||||||||||
Duke Energy Carolinas | 2.8 | % | 2.8 | % | 2.6 | % | Plant - Regulated | |||||||||||||||||||||||||||||||||||||
Progress Energy | 2.5 | % | 2.6 | % | 2.3 | % | Electric generation, distribution and transmission | 2 | - | 138 | 73,181 | 29,269 | 30,250 | 18,009 | 12,041 | 3,774 | 8,622 | |||||||||||||||||||||||||||
Duke Energy Progress | 2.5 | % | 2.7 | % | 2.1 | % | Natural gas transmission and distribution | 12 | - | 60 | 2,026 | ― | ― | ― | ― | 2,026 | ― | |||||||||||||||||||||||||||
Duke Energy Florida | 2.4 | % | 2.5 | % | 2.4 | % | Other buildings and improvements | 2 | - | 100 | 1,319 | 444 | 609 | 283 | 318 | 125 | 149 | |||||||||||||||||||||||||||
Duke Energy Ohio | 3.3 | % | 3.2 | % | 3.5 | % | Plant - Nonregulated | |||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 2.8 | % | 3.3 | % | 3.4 | % | Electric generation, distribution and transmission | 2 | - | 100 | 6,055 | ― | ― | ― | ― | 3,870 | ― | |||||||||||||||||||||||||||
Other buildings and improvements | 9 | - | 90 | 2,940 | ― | ― | ― | ― | 191 | ― | ||||||||||||||||||||||||||||||||||
Nuclear fuel | 2,127 | 1,277 | 850 | 850 | ― | ― | ― | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | Equipment | 1 | - | 34 | 1,448 | 279 | 604 | 336 | 90 | 255 | 141 | |||||||||||||||||||||||||||||||||
(in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Construction in process | 6,655 | 1,996 | 1,424 | 946 | 474 | 204 | 2,836 | ||||||||||||||||||||||||||||
Land | $ | 1,481 | $ | 397 | $ | 705 | $ | 383 | $ | 321 | $ | 137 | $ | 105 | Other | 5 | - | 60 | 3,272 | 547 | 791 | 380 | 270 | 243 | 174 | |||||||||||||||||||
Plant - Regulated | Total property, plant and equipment(a)(d) | 100,391 | 34,190 | 35,146 | 21,184 | 13,432 | 10,824 | 12,012 | ||||||||||||||||||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 125 | 78,272 | 30,018 | 31,792 | 19,190 | 12,601 | 3,925 | 11,594 | Total accumulated depreciation - regulated(b)(c)(d) | -29,471 | -11,437 | -12,512 | -8,185 | -4,072 | -1,995 | -3,692 | ||||||||||||||||||||||||||
Natural gas transmission and distribution | 12 | - | 67 | 2,138 | ― | ― | ― | ― | 2,138 | ― | Total accumulated depreciation - nonregulated(c)(d) | -2,498 | ― | ― | ― | ― | -703 | ― | ||||||||||||||||||||||||||
Other buildings and improvements | 2 | - | 100 | 1,397 | 447 | 610 | 282 | 315 | 190 | 159 | Generation facilities to be retired, net | 136 | 73 | 63 | 63 | ― | ― | ― | ||||||||||||||||||||||||||
Plant - Nonregulated | Total net property, plant and equipment | $ | 68,558 | $ | 22,826 | $ | 22,697 | $ | 13,062 | $ | 9,360 | $ | 8,126 | $ | 8,320 | |||||||||||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 100 | 6,267 | ― | ― | ― | ― | 4,017 | ― | ||||||||||||||||||||||||||||||||||
Other buildings and improvements | 9 | - | 100 | 2,512 | ― | ― | ― | ― | 5 | ― | (a) | Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases. | ||||||||||||||||||||||||||||||||
Nuclear fuel | 2,458 | 1,446 | 1,012 | 1,012 | ― | ― | ― | (b) | Includes $857 million, $557 million, $300 million and $300 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||||||||||||||||||
Equipment | 1 | - | 33 | 1,557 | 287 | 621 | 357 | 94 | 317 | 146 | (c) | Includes accumulated amortization of capitalized leases of $34 million, $3 million, $12 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | ||||||||||||||||||||||||||||||||
Construction in process | 3,595 | 1,741 | 873 | 631 | 238 | 166 | 307 | (d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy. | |||||||||||||||||||||||||||||||||||
Other | 5 | - | 33 | 3,438 | 570 | 867 | 418 | 294 | 248 | 178 | ||||||||||||||||||||||||||||||||||
Total property, plant and equipment(a)(d) | 103,115 | 34,906 | 36,480 | 22,273 | 13,863 | 11,143 | 12,489 | |||||||||||||||||||||||||||||||||||||
Total accumulated depreciation - regulated(b)(c)(d) | -31,659 | -11,894 | -13,098 | -8,623 | -4,252 | -2,160 | -3,913 | |||||||||||||||||||||||||||||||||||||
Total accumulated depreciation - nonregulated(c)(d) | -1,966 | ― | ― | ― | ― | -748 | ― | |||||||||||||||||||||||||||||||||||||
Total net property, plant and equipment | $ | 69,490 | $ | 23,012 | $ | 23,382 | $ | 13,650 | $ | 9,611 | $ | 8,235 | $ | 8,576 | ||||||||||||||||||||||||||||||
(a) | Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes $1,118 million, $681 million, $438 million and $438 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes accumulated amortization of capitalized leases of $40 million, $4 million, $21 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy. | |||||||||||||||||||||||||||||||||||||||||||
Schedule of Excise Taxes | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 602 | $ | 466 | $ | 293 | ||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 164 | 161 | 153 | |||||||||||||||||||||||||||||||||||||||||
Progress Energy | 304 | 317 | 315 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 115 | 113 | 110 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 189 | 205 | 205 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 105 | 102 | 109 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 29 | 33 | 31 | |||||||||||||||||||||||||||||||||||||||||
On July 23, 2013, North Carolina House Bill 998 (HB 998) was signed into law. HB 998 repeals the utility franchise tax effective July 1, 2014. The utility franchise tax was 3.22 percent gross receipts tax on sales of electricity. The result of this change in law will be an annual reduction in excise taxes of approximately $160 million for Duke Energy Carolinas and approximately $110 million for Duke Energy Progress. HB 998 also increases sales tax on electricity from 3 percent to 7 percent effective July 1, 2014. HB 998 requires the NCUC to adjust retail electric rates for the elimination of the utility franchise tax, changes due to the increase in sales tax on electricity, and the resulting change in liability of utility companies under the general franchise tax. | ||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Unbilled Revenues With Restricted Receivables | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 937 | $ | 920 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 323 | 315 | ||||||||||||||||||||||||||||||||||||||||||
Progress Energy | 189 | 187 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 120 | 112 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 69 | 74 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 55 | 47 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 5 | 3 | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Receivable, Allowance for Doubtful Accounts | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Allowance for Doubtful Accounts | ||||||||||||||||||||||||||||||||||||||||||||
Allowances for doubtful accounts are presented in the following table. | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Doubtful Accounts | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 30 | $ | 34 | $ | 35 | ||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 3 | 3 | 3 | |||||||||||||||||||||||||||||||||||||||||
Progress Energy | 14 | 16 | 27 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 10 | 9 | 9 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 4 | 7 | 18 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 2 | 2 | 16 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Doubtful Accounts - VIEs | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 43 | $ | 44 | $ | 40 | ||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 6 | 6 | 6 | |||||||||||||||||||||||||||||||||||||||||
Schedule of Current and Noncurrent Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Location | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | $ | 621 | $ | 725 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | $ | 198 | $ | 203 | |||||||||||||||||||||||||||||||||||||||
Collateral liabilities | Current Liabilities | 120 | 105 | |||||||||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 349 | $ | 342 | |||||||||||||||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | 214 | 304 | |||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 221 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 129 | $ | 120 | |||||||||||||||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | 121 | 160 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||||||||
Customer deposits | Current Liabilities | $ | 220 | $ | 222 | |||||||||||||||||||||||||||||||||||||||
Accrued compensation | Current Liabilities | 65 | 95 | |||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 127 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||||||||
Collateral assets | Current Assets | $ | 122 | $ | 99 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||||
Federal income taxes receivable | Current Assets | $ | 56 | $ | — | |||||||||||||||||||||||||||||||||||||||
Accrued compensation(a) | Current Liabilities | 25 | 23 | |||||||||||||||||||||||||||||||||||||||||
Collateral liabilities(a) | Current Liabilities | 40 | 37 | |||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | Current Liabilities | — | 63 | |||||||||||||||||||||||||||||||||||||||||
(a) | Does not exceed 5 percent of Total current liabilities on the Consolidated Balance Sheets at December 31, 2012. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Unbilled Revenues Sold to CRC | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | $ | 89 | $ | 90 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 144 | 132 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Organization And Basis Of Presentation [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Unbilled Revenues Sold to CRC | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | $ | 89 | $ | 90 | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 144 | 132 | ||||||||||||||||||||||||||||||||||||||||||
Acquisitions_Dispositions_and_1
Acquisitions, Dispositions and Sales of Other Assets (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Significant Acquisitions and Disposals [Line Items] | ' | |||||||||||||||||||||
Accounting Charges Related to the Merger Consummation | ' | |||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||
FERC Mitigation | $ | 117 | $ | 46 | $ | 71 | $ | 71 | $ | ― | $ | ― | $ | ― | ||||||||
Severance costs | 196 | 63 | 82 | 55 | 27 | 21 | 18 | |||||||||||||||
Community support, charitable contributions and other | 169 | 79 | 74 | 63 | 11 | 7 | 6 | |||||||||||||||
Total | $ | 482 | $ | 188 | $ | 227 | $ | 189 | $ | 38 | $ | 28 | $ | 24 | ||||||||
Schedule of Purchase Price Calculation | ' | |||||||||||||||||||||
(dollars in millions, except per share amounts; shares in thousands) | ||||||||||||||||||||||
Progress Energy common shares outstanding at July 2, 2012 | 296,116 | |||||||||||||||||||||
Exchange ratio | 0.87083 | |||||||||||||||||||||
Duke Energy common shares issued for Progress Energy common shares outstanding | 257,867 | |||||||||||||||||||||
Closing price of Duke Energy common shares on July 2, 2012 | $ | 69.84 | ||||||||||||||||||||
Purchase price for common stock | $ | 18,009 | ||||||||||||||||||||
Fair value of outstanding earned stock compensation awards | 62 | |||||||||||||||||||||
Total purchase price | $ | 18,071 | ||||||||||||||||||||
Schedule of Purchase Price Allocation | ' | |||||||||||||||||||||
(in millions) | ||||||||||||||||||||||
Current assets | $ | 3,204 | ||||||||||||||||||||
Property, plant and equipment | 23,141 | |||||||||||||||||||||
Goodwill | 12,469 | |||||||||||||||||||||
Other long-term assets | 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 | ' | |||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||
(in millions, except per share amounts) | 2012 | 2011 | ||||||||||||||||||||
Revenues | $ | 23,976 | $ | 23,445 | ||||||||||||||||||
Net Income Attributable to Duke Energy Corporation | 2,417 | 2,397 | ||||||||||||||||||||
Basic and Diluted Earnings Per Share | 3.43 | 3.41 | ||||||||||||||||||||
Business_Segments_Tables
Business Segments (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Data | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Year Ended December 31, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulated | International | Commercial | Reportable | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Utilities | Energy | Power | Segments | Other | Eliminations | Total | Regulated | International | Commercial | Reportable | Regulated | International | Commercial Power | Total Reportable | ||||||||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated revenues(a)(b)(c) | $ | 20,871 | $ | 1,546 | $ | 2,106 | $ | 24,523 | $ | 75 | $ | ― | $ | 24,598 | (in millions) | Utilities | Energy | Power | Segments | Other | Eliminations | Total | (in millions) | Utilities | Energy | Energy | Segments(a) | Other | Eliminations | Total | |||||||||||||||||||||||||||||||||||
Intersegment revenues | 39 | ― | 39 | 78 | 88 | -166 | ― | Unaffiliated revenues | $ | 16,042 | $ | 1,549 | $ | 2,020 | $ | 19,611 | $ | 13 | $ | ― | $ | 19,624 | Unaffiliated revenues | $ | 10,586 | $ | 1,467 | $ | 2,480 | $ | 14,533 | $ | -4 | $ | ― | $ | 14,529 | ||||||||||||||||||||||||||||
Total revenues | $ | 20,910 | $ | 1,546 | $ | 2,145 | $ | 24,601 | $ | 163 | $ | -166 | $ | 24,598 | Intersegment revenues | 38 | ― | 58 | 96 | 47 | -143 | ― | Intersegment revenues | 33 | ― | 11 | 44 | 48 | -92 | ― | |||||||||||||||||||||||||||||||||||
Interest expense | $ | 986 | $ | 86 | $ | 64 | $ | 1,136 | $ | 417 | $ | -7 | $ | 1,546 | Total revenues | $ | 16,080 | $ | 1,549 | $ | 2,078 | $ | 19,707 | $ | 60 | $ | -143 | $ | 19,624 | Total revenues | $ | 10,619 | $ | 1,467 | $ | 2,491 | $ | 14,577 | $ | 44 | $ | -92 | $ | 14,529 | |||||||||||||||||||||
Depreciation and amortization | 2,323 | 100 | 250 | 2,673 | 135 | ― | 2,808 | Interest expense | $ | 806 | $ | 77 | $ | 63 | $ | 946 | $ | 296 | $ | ― | $ | 1,242 | Interest expense | $ | 568 | $ | 47 | $ | 87 | $ | 702 | $ | 157 | $ | ― | $ | 859 | ||||||||||||||||||||||||||||
Equity in earnings of unconsolidated affiliates | -1 | 110 | 7 | 116 | 6 | ― | 122 | Depreciation and amortization | 1,827 | 99 | 228 | 2,154 | 135 | ― | 2,289 | Depreciation and amortization | 1,383 | 90 | 230 | 1,703 | 103 | ― | 1,806 | ||||||||||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | 1,522 | 166 | -104 | 1,584 | -323 | ― | 1,261 | Equity in earnings of unconsolidated affiliates | -5 | 134 | 14 | 143 | 5 | ― | 148 | Equity in earnings of unconsolidated affiliates | ― | 145 | 6 | 151 | 9 | ― | 160 | ||||||||||||||||||||||||||||||||||||||||||
Segment income(a)(b)(c)(d)(e)(f)(g) | 2,504 | 408 | -3 | 2,909 | -261 | ― | 2,648 | Income tax expense (benefit) | 942 | 149 | -8 | 1,083 | -378 | ― | 705 | Income tax expense (benefit) | 674 | 196 | -2 | 868 | -116 | ― | 752 | ||||||||||||||||||||||||||||||||||||||||||
Add back noncontrolling interest component | 11 | Segment income(a)(b) | 1,744 | 439 | 87 | 2,270 | -538 | ― | 1,732 | Segment income(a)(b) | 1,181 | 466 | 134 | 1,781 | -76 | ― | 1,705 | ||||||||||||||||||||||||||||||||||||||||||||||||
Income from discontinued operations, net of tax | 17 | Add back noncontrolling interest component | 14 | Add back noncontrolling interest component | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | 2,676 | Income from discontinued operations, net of tax | 36 | Income from discontinued operations, net of tax | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital investments expenditures and acquisitions | $ | 5,049 | $ | 67 | $ | 268 | $ | 5,384 | $ | 223 | $ | ― | $ | 5,607 | Net income | $ | 1,782 | Net income | $ | 1,714 | |||||||||||||||||||||||||||||||||||||||||||||
Segment assets | 99,884 | 4,998 | 6,955 | 111,837 | 2,754 | 188 | 114,779 | Capital investments expenditures and acquisitions | $ | 4,220 | $ | 551 | $ | 1,038 | $ | 5,809 | $ | 149 | $ | ― | $ | 5,958 | Capital investments expenditures and acquisitions | $ | 3,717 | $ | 114 | $ | 492 | $ | 4,323 | $ | 141 | $ | ― | $ | 4,464 | ||||||||||||||||||||||||||||
Segment assets | 98,162 | 5,406 | 6,992 | 110,560 | 3,126 | 170 | 113,856 | Segment assets | 47,977 | 4,539 | 6,939 | 59,455 | 2,961 | 110 | 62,526 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts Regulated Utilities. 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 Regulated Utilities. See Note 4 for additional information about the revised customer rates. | (a) | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. Regulated Utilities 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 19 for additional information about these expenses. | (a) | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) | In September 2013, Duke Energy Carolinas implemented revised rates approved by the NCUC and the PSCSC. This increase impacts Regulated Utilities. See Note 4 for additional information about the revised customer rates. | (b) | Other includes after-tax costs to achieve the merger with Progress Energy. See Notes 2 and 25 for additional information about the merger and related costs. | (b) | Commercial Power recorded charges to write-down the carrying value of certain emission allowances. See Note 11 for additional information about these charges. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(d) | Regulated Utilities recorded charges related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 charges. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(e) | Regulated Utilities recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. Regulated Utilities also recorded an impairment charge related to Duke Energy Florida's proposed nuclear plant in Levy County, Florida (Levy) site. 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. See Notes 2 and 25 for additional information about the merger and related costs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(g) | Other includes gain from the sale of Duke Energy's ownership interest in DukeNet. See Note 12 for additional information on the sale of DukeNet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Revenue And Long-Lived Assets, By Geographical Area | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table includes information by geographic segment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | U.S. | Latin America(a) | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated revenues | $ | 23,053 | $ | 1,545 | $ | 24,598 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated long-lived assets | 78,581 | 2,781 | 81,362 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated revenues | $ | 18,078 | $ | 1,546 | $ | 19,624 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated long-lived assets | 79,144 | 2,467 | 81,611 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated revenues | $ | 13,062 | $ | 1,467 | $ | 14,529 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated long-lived assets | 45,920 | 2,612 | 48,532 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Change in amounts of long-lived assets in Latin America includes foreign currency translation adjustments on property, plant and equipment and other long-lived asset balances. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Loss for Other Segment | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | $ | -97 | $ | -169 | $ | -46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy | -241 | -379 | -273 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | -46 | -139 | -18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | -24 | -58 | -16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | -16 | -27 | -12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Data | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | (in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | (in millions) | Regulated Utilities | Commercial Power | Total Reportable Segments | Other | Eliminations | Total | |||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated revenues(a) | $ | 1,765 | $ | 1,480 | $ | 3,245 | $ | ― | $ | ― | $ | 3,245 | Unaffiliated revenues(a) | $ | 1,745 | $ | 1,407 | $ | 3,152 | $ | ― | $ | ― | $ | 3,152 | Unaffiliated revenues(a) | $ | 1,474 | $ | 1,707 | $ | 3,181 | $ | ― | $ | ― | $ | 3,181 | |||||||||||||||||||||||||||
Intersegment revenues | ― | 32 | 32 | ― | -32 | ― | Intersegment revenues | 1 | 51 | 52 | ― | -52 | ― | Intersegment revenues | ― | 4 | 4 | ― | -4 | ― | |||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 1,765 | $ | 1,512 | $ | 3,277 | $ | ― | $ | -32 | $ | 3,245 | Total revenues | $ | 1,746 | $ | 1,458 | $ | 3,204 | $ | ― | $ | -52 | $ | 3,152 | Total revenues | $ | 1,474 | $ | 1,711 | $ | 3,185 | $ | ― | $ | -4 | $ | 3,181 | |||||||||||||||||||||||||||
Interest expense | $ | 74 | $ | 4 | $ | 78 | $ | ― | $ | ― | $ | 78 | Interest expense | $ | 61 | $ | 28 | $ | 89 | $ | ― | $ | ― | $ | 89 | Interest expense | $ | 68 | $ | 36 | $ | 104 | $ | ― | $ | ― | $ | 104 | |||||||||||||||||||||||||||
Depreciation and amortization | 200 | 154 | 354 | ― | ― | 354 | Depreciation and amortization | 179 | 159 | 338 | ― | ― | 338 | Depreciation and amortization | 168 | 167 | 335 | ― | ― | 335 | |||||||||||||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | 91 | -14 | 77 | -2 | ― | 75 | Income tax expense (benefit) | 91 | 25 | 116 | -18 | ― | 98 | Income tax expense (benefit) | 98 | 6 | 104 | -8 | ― | 96 | |||||||||||||||||||||||||||||||||||||||||||||
Segment income/consolidated net income | 151 | -20 | 131 | -29 | ― | 102 | Segment income/consolidated net income | 159 | 50 | 209 | -34 | ― | 175 | Segment income/consolidated net income(b) | 133 | 78 | 211 | -17 | ― | 194 | |||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | 375 | 58 | 433 | ― | ― | 433 | Capital expenditures | 427 | 87 | 514 | ― | ― | 514 | Capital expenditures | 375 | 124 | 499 | ― | ― | 499 | |||||||||||||||||||||||||||||||||||||||||||||
Segment assets | 6,649 | 4,170 | 10,819 | 99 | -155 | 10,763 | Segment assets | 6,434 | 4,175 | 10,609 | 117 | -166 | 10,560 | Segment assets | 6,293 | 4,740 | 11,033 | 259 | -353 | 10,939 | |||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Ohio earned approximately 37 percent of its consolidated operating revenues from PJM Interconnection, LLC (PJM) in 2013, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | (a) | Duke Energy Ohio earned approximately 36 percent of its consolidated operating revenues from PJM in 2012, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | (a) | Duke Energy Ohio earned approximately 24 percent of its consolidated operating revenues from PJM in 2011, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Commercial Power recorded charges during the year ended December 31, 2011, to write-down the carrying value of certain emission allowances. See Note 11 for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Regulatory Assets | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||
Regulatory Assets | Regulatory Assets | |||||||||||||||||||||||||||||||||||||||||||
Accrued pension and OPEB | $ | 1,723 | $ | 347 | $ | 750 | $ | 269 | $ | 438 | $ | 120 | $ | 219 | Accrued pension and OPEB | $ | 3,306 | $ | 602 | 1,650 | $ | 769 | $ | 754 | $ | 225 | $ | 325 | ||||||||||||||||
Retired generation facilities | 1,748 | 68 | 1,619 | 241 | 1,378 | ― | 61 | Retired generation facilities | 1,781 | ― | 1,720 | 128 | 1,592 | ― | 61 | |||||||||||||||||||||||||||||
Debt fair value adjustment | 1,338 | ― | ― | ― | ― | ― | ― | Debt fair value adjustment | 1,472 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||
Asset retirement obligations | 1,608 | 123 | 786 | 389 | 397 | ― | ― | Asset retirement obligations | 1,461 | 48 | 713 | 372 | 341 | ― | ― | |||||||||||||||||||||||||||||
Net regulatory asset related to income taxes | 1,115 | 555 | 331 | 113 | 218 | 72 | 157 | Net regulatory asset related to income taxes | 1,373 | 731 | 401 | 175 | 226 | 82 | 158 | |||||||||||||||||||||||||||||
Hedge costs and other deferrals | 450 | 98 | 318 | 165 | 153 | 5 | 29 | Hedge costs and other deferrals | 710 | 88 | 550 | 240 | 310 | 9 | 63 | |||||||||||||||||||||||||||||
Demand side management (DSM)/Energy efficiency (EE) | 371 | 140 | 152 | 140 | 12 | 79 | ― | DSM/EE | 322 | 107 | 121 | 121 | ― | 94 | ― | |||||||||||||||||||||||||||||
Vacation accrual | 210 | 82 | 55 | 50 | ― | 7 | 13 | Vacation accrual | 245 | 85 | $ | 65 | 65 | ― | 7 | 13 | ||||||||||||||||||||||||||||
Deferred fuel | 94 | ― | 37 | 6 | 31 | 14 | 43 | Deferred fuel | 162 | ― | 109 | ― | 109 | 1 | 52 | |||||||||||||||||||||||||||||
Nuclear deferral | 262 | 40 | 222 | 77 | 145 | ― | ― | Nuclear deferral | 142 | ― | 142 | ― | 142 | ― | ― | |||||||||||||||||||||||||||||
Post-in-service carrying costs and deferred operating expenses | 459 | 150 | 137 | 19 | 118 | 21 | 151 | Post-in-service carrying costs and deferred operating expenses | 122 | 27 | ― | ― | ― | 19 | 76 | |||||||||||||||||||||||||||||
Gasification services agreement buyout | 75 | ― | ― | ― | ― | ― | 75 | Gasification services agreement buyout | 95 | ― | ― | ― | ― | ― | 95 | |||||||||||||||||||||||||||||
Transmission expansion obligation | 70 | ― | ― | ― | ― | 74 | ― | Transmission expansion obligation | 72 | ― | ― | ― | ― | 72 | ― | |||||||||||||||||||||||||||||
Manufactured gas plant (MGP) | 90 | ― | ― | ― | ― | 90 | ― | MGP | 77 | ― | ― | ― | ― | 77 | ― | |||||||||||||||||||||||||||||
Other | 473 | 219 | 101 | 42 | 60 | 46 | 87 | Other | 401 | 260 | 77 | 52 | 26 | 39 | 93 | |||||||||||||||||||||||||||||
Total regulatory assets | 10,086 | 1,822 | 4,508 | 1,511 | 2,950 | 528 | 835 | Total regulatory assets | 11,741 | 1,948 | 5,548 | 1,922 | 3,500 | 625 | 936 | |||||||||||||||||||||||||||||
Less: current portion | 895 | 295 | 353 | 127 | 221 | 57 | 118 | Less: current portion | 737 | 221 | 256 | 77 | 179 | 46 | 126 | |||||||||||||||||||||||||||||
Total non-current regulatory assets | $ | 9,191 | $ | 1,527 | $ | 4,155 | $ | 1,384 | $ | 2,729 | $ | 471 | $ | 717 | Total non-current regulatory assets | $ | 11,004 | $ | 1,727 | $ | 5,292 | $ | 1,845 | $ | 3,321 | $ | 579 | $ | 810 | |||||||||||||||
Schedule Of Regulatory Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||
Regulatory Liabilities | Regulatory Liabilities | |||||||||||||||||||||||||||||||||||||||||||
Costs of removal | $ | 5,308 | $ | 2,423 | $ | 2,008 | $ | 1,637 | $ | 371 | $ | 241 | $ | 645 | Costs of removal | $ | 4,827 | $ | 1,928 | $ | 2,048 | $ | 1,503 | $ | 401 | $ | 236 | $ | 624 | |||||||||||||||
Amounts to be refunded to customers | 151 | ― | 120 | ― | 120 | ― | 31 | Amounts to be refunded to customers | 290 | ― | 259 | ― | 259 | ― | 31 | |||||||||||||||||||||||||||||
Storm reserve | 145 | 20 | 125 | ― | 125 | ― | ― | Storm reserve | 125 | ― | 125 | ― | 125 | ― | ― | |||||||||||||||||||||||||||||
Accrued pension and OPEB | 138 | ― | ― | ― | ― | 21 | 77 | Accrued pension and OPEB | 103 | ― | ― | ― | ― | 18 | 68 | |||||||||||||||||||||||||||||
Deferred fuel | 177 | 45 | 132 | ― | 132 | ― | ― | Deferred fuel | 55 | 45 | 10 | 10 | ― | ― | ― | |||||||||||||||||||||||||||||
Other | 346 | 153 | 114 | 99 | 14 | 27 | 45 | Other | 340 | 207 | 55 | 35 | 20 | 39 | 29 | |||||||||||||||||||||||||||||
Total regulatory liabilities | 6,265 | 2,641 | 2,499 | 1,736 | 762 | 289 | 798 | Total regulatory liabilities | 5,740 | 2,180 | 2,497 | 1,548 | 805 | 293 | 752 | |||||||||||||||||||||||||||||
Less: current portion | 316 | 65 | 207 | 63 | 144 | 27 | 16 | Less: current portion | 156 | 78 | 28 | 10 | 18 | 39 | 11 | |||||||||||||||||||||||||||||
Total non-current regulatory liabilities | $ | 5,949 | $ | 2,576 | $ | 2,292 | $ | 1,673 | $ | 618 | $ | 262 | $ | 782 | Total non-current regulatory liabilities | $ | 5,584 | $ | 2,102 | $ | 2,469 | $ | 1,538 | $ | 787 | $ | 254 | $ | 741 | |||||||||||||||
Schedule of Potential Plant Retirements | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy Carolinas(b) | Progress Energy(c) | Duke Energy Florida(c) | Duke Energy Ohio(d) | Duke Energy Indiana(e) | |||||||||||||||||||||||||||||||||||||||
Capacity (in MW) | 2,447 | 200 | 873 | 873 | 706 | 668 | ||||||||||||||||||||||||||||||||||||||
Remaining net book value (in millions)(a) | $ | 260 | $ | 14 | $ | 113 | $ | 113 | $ | 10 | $ | 123 | ||||||||||||||||||||||||||||||||
(a) | Included in Property, plant and equipment, net as of December 31, 2013, on the Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Includes Lee Units 1 and 2. Excludes 170 MW Lee Unit 3 that is expected to be converted to gas in 2014. Duke Energy Carolinas expects to retire or convert these units by December 2020 in conjunction with a settlement agreement associated with the Cliffside Unit 6 air permit. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Includes Beckjord Units 4 through 6 and Miami Fort Unit 6. 150 MW Beckjord Station Unit 4 was retired on February 17, 2014. Beckjord units have no remaining book value. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Includes Wabash River Units 2 through 6. Wabash River Unit 6 is being evaluated for potential conversion to gas. Duke Energy Indiana committed to retire or convert these units by June 2018 in conjunction with a settlement agreement associated with the Edwardsport air permit. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy continues to evaluate the potential need to retire these coal-fired generating facilities earlier than the current estimated useful lives, and plans to seek regulatory recovery for amounts that would not be otherwise recovered when any of these assets are retired. However, such recovery, including recovery of carrying costs on remaining book values, could be subject to future regulatory approvals and therefore cannot be assured. | ||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Schedule of FPSC Settlement Agreement Customer Refunds | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||
Remaining Amount to be Refunded | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total | Refunded to date | 2014 | 2015 | 2016 | |||||||||||||||||||||||||||||||||||||||
2012 Settlement refund(a) | $ | 288 | $ | 129 | $ | 139 | $ | 10 | $ | 10 | ||||||||||||||||||||||||||||||||||
Retirement decision refund | 100 | - | - | 40 | 60 | |||||||||||||||||||||||||||||||||||||||
NEIL proceeds | 490 | 326 | 164 | - | - | |||||||||||||||||||||||||||||||||||||||
Total customer refunds | 878 | 455 | 303 | 50 | 70 | |||||||||||||||||||||||||||||||||||||||
Accelerated regulatory asset recovery | -130 | - | -37 | -37 | -56 | |||||||||||||||||||||||||||||||||||||||
Net customer refunds | $ | 748 | $ | 455 | $ | 266 | $ | 13 | $ | 14 | ||||||||||||||||||||||||||||||||||
(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 December 31, 2013(a) | ||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | $ | 97 | $ | 2 | $ | -4 | $ | 95 | ||||||||||||||||||||||||||||||||||||
(a) | As of December 31, 2013, $74 million is recorded as a Regulatory asset on Duke Energy Ohio's Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Table) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ||||||||||||||||||||||||
Accrual For Environmental Loss Contingencies | ' | ||||||||||||||||||||||||
(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, 2010 | $ | 88 | $ | 13 | $ | 35 | $ | 12 | $ | 23 | $ | 50 | $ | 11 | |||||||||||
Provisions / adjustments | 6 | ― | 10 | 1 | 9 | 5 | 1 | ||||||||||||||||||
Cash reductions | -33 | -1 | -22 | -2 | -20 | -27 | -3 | ||||||||||||||||||
Balance at December 31, 2011 | 61 | 12 | 23 | 11 | 12 | 28 | 9 | ||||||||||||||||||
Provisions / adjustments | 39 | 1 | 19 | 5 | 14 | 5 | 3 | ||||||||||||||||||
Cash reductions | -25 | -1 | -9 | -2 | -7 | -18 | -4 | ||||||||||||||||||
Balance at December 31, 2012 | 75 | 12 | 33 | 14 | 19 | 15 | 8 | ||||||||||||||||||
Provisions / adjustments | 26 | ― | 4 | -1 | 5 | 20 | 1 | ||||||||||||||||||
Cash reductions | -22 | -1 | -10 | -5 | -5 | -8 | -2 | ||||||||||||||||||
Balance at December 31, 2013 | $ | 79 | $ | 11 | $ | 27 | $ | 8 | $ | 19 | $ | 27 | $ | 7 | |||||||||||
Schedule of Additional Possible Losses in Excess of Recorded Environmental Reserves | ' | ||||||||||||||||||||||||
Additional losses in excess of recorded reserves that could be incurred for the stages of investigation, remediation and monitoring for environmental sites that have been evaluated at this time are presented in the table below. | |||||||||||||||||||||||||
(in millions) | |||||||||||||||||||||||||
Duke Energy | $ | 74 | |||||||||||||||||||||||
Duke Energy Carolinas | 29 | ||||||||||||||||||||||||
Progress Energy | 5 | ||||||||||||||||||||||||
Duke Energy Progress | 2 | ||||||||||||||||||||||||
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) | |||||||||||||||||||||||||
Duke Energy | $ | 525 | to | $ | 625 | ||||||||||||||||||||
Duke Energy Carolinas | 40 | to | 50 | ||||||||||||||||||||||
Progress Energy | 25 | to | 40 | ||||||||||||||||||||||
Duke Energy Progress | 10 | to | 15 | ||||||||||||||||||||||
Duke Energy Florida | 15 | to | 25 | ||||||||||||||||||||||
Duke Energy Ohio | 35 | to | 50 | ||||||||||||||||||||||
Duke Energy Indiana | 425 | to | 485 | ||||||||||||||||||||||
Schedule of Litigation Reserves and Related Insurance Recoveries | ' | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | |||||||||||||||||||||||
Reserves for Legal and Other Matters(a) | |||||||||||||||||||||||||
Duke Energy(b) | $ | 824 | $ | 846 | |||||||||||||||||||||
Duke Energy Carolinas(b) | 616 | 751 | |||||||||||||||||||||||
Progress Energy | 78 | 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) | Classified in the respective 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) | Classified in the respective Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | ||||||||||||||||||||||||
(e) | Relates to recoveries associated with asbestos-related injuries and damages claims. | ||||||||||||||||||||||||
Schedule of Rent Expense | ' | ||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Duke Energy | $ | 321 | $ | 232 | $ | 104 | |||||||||||||||||||
Duke Energy Carolinas | 39 | 38 | 43 | ||||||||||||||||||||||
Progress Energy | 225 | 232 | 104 | ||||||||||||||||||||||
Duke Energy Progress | 153 | 164 | 88 | ||||||||||||||||||||||
Duke Energy Florida | 72 | 68 | 15 | ||||||||||||||||||||||
Duke Energy Ohio | 14 | 14 | 19 | ||||||||||||||||||||||
Duke Energy Indiana | 22 | 20 | 24 | ||||||||||||||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | ||||||||||||||||||||||||
The following table presents future minimum lease payments under operating leases, which at inception had a non-cancelable term of more than one year. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
2014 | $ | 175 | $ | 34 | $ | 93 | $ | 55 | $ | 39 | $ | 12 | $ | 18 | |||||||||||
2015 | 159 | 29 | 89 | 51 | 39 | 11 | 15 | ||||||||||||||||||
2016 | 147 | 24 | 90 | 51 | 39 | 8 | 12 | ||||||||||||||||||
2017 | 137 | 20 | 89 | 50 | 39 | 7 | 9 | ||||||||||||||||||
2018 | 117 | 15 | 78 | 40 | 38 | 5 | 7 | ||||||||||||||||||
Thereafter | 1,034 | 67 | 773 | 459 | 314 | 18 | 8 | ||||||||||||||||||
Total | $ | 1,769 | $ | 189 | $ | 1,212 | $ | 706 | $ | 508 | $ | 61 | $ | 69 | |||||||||||
Schedule of Future Minimum Lease Payments for Capital Leases | ' | ||||||||||||||||||||||||
The following table presents future minimum lease payments under capital leases. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||
2014 | $ | 171 | $ | 6 | $ | 47 | $ | 20 | $ | 26 | $ | 9 | $ | 5 | |||||||||||
2015 | 167 | 6 | 47 | 20 | 27 | 7 | 4 | ||||||||||||||||||
2016 | 169 | 6 | 47 | 21 | 26 | 6 | 4 | ||||||||||||||||||
2017 | 166 | 6 | 46 | 21 | 26 | 3 | 2 | ||||||||||||||||||
2018 | 176 | 6 | 45 | 21 | 25 | 3 | 2 | ||||||||||||||||||
Thereafter | 1,453 | 25 | 475 | 261 | 213 | 2 | 28 | ||||||||||||||||||
Minimum annual payments | 2,302 | 55 | 707 | 364 | 343 | 30 | 45 | ||||||||||||||||||
Less amount representing interest | -786 | -27 | -454 | -275 | -179 | -3 | -30 | ||||||||||||||||||
Total | $ | 1,516 | $ | 28 | $ | 253 | $ | 89 | $ | 164 | $ | 27 | $ | 15 | |||||||||||
Duke Energy Progress [Member] | ' | ||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Purchase Obligations | ' | ||||||||||||||||||||||||
Minimum Purchase Amount at December 31, 2013 | |||||||||||||||||||||||||
(in millions) | Contract Expiration | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | |||||||||||||||||
Duke Energy Progress(a) | 2019-2022 | $ | 36 | 36 | $ | 36 | $ | 37 | $ | 37 | $ | 69 | $ | 251 | |||||||||||
Duke Energy Florida(b) | 2014-2025 | 288 | 295 | 295 | 288 | 303 | 2,139 | 3,608 | |||||||||||||||||
Duke Energy Ohio(c) | 2014-2015 | 250 | 97 | ― | ― | ― | ― | 347 | |||||||||||||||||
(a) | Contracts represent 100 percent of net plant output. | ||||||||||||||||||||||||
(b) | Contracts represent between 2 percent and 100 percent of net plant output. | ||||||||||||||||||||||||
(c) | Contracts represent between 1 percent and 24 percent of net plant output. | ||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Purchase Obligations | ' | ||||||||||||||||||||||||
Minimum Purchase Amount at December 31, 2013 | |||||||||||||||||||||||||
(in millions) | Contract Expiration | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | |||||||||||||||||
Duke Energy Progress(a) | 2019-2022 | $ | 36 | 36 | $ | 36 | $ | 37 | $ | 37 | $ | 69 | $ | 251 | |||||||||||
Duke Energy Florida(b) | 2014-2025 | 288 | 295 | 295 | 288 | 303 | 2,139 | 3,608 | |||||||||||||||||
Duke Energy Ohio(c) | 2014-2015 | 250 | 97 | ― | ― | ― | ― | 347 | |||||||||||||||||
(a) | Contracts represent 100 percent of net plant output. | ||||||||||||||||||||||||
(b) | Contracts represent between 2 percent and 100 percent of net plant output. | ||||||||||||||||||||||||
(c) | Contracts represent between 1 percent and 24 percent of net plant output. | ||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ||||||||||||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Purchase Obligations | ' | ||||||||||||||||||||||||
Minimum Purchase Amount at December 31, 2013 | |||||||||||||||||||||||||
(in millions) | Contract Expiration | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | |||||||||||||||||
Duke Energy Progress(a) | 2019-2022 | $ | 36 | 36 | $ | 36 | $ | 37 | $ | 37 | $ | 69 | $ | 251 | |||||||||||
Duke Energy Florida(b) | 2014-2025 | 288 | 295 | 295 | 288 | 303 | 2,139 | 3,608 | |||||||||||||||||
Duke Energy Ohio(c) | 2014-2015 | 250 | 97 | ― | ― | ― | ― | 347 | |||||||||||||||||
(a) | Contracts represent 100 percent of net plant output. | ||||||||||||||||||||||||
(b) | Contracts represent between 2 percent and 100 percent of net plant output. | ||||||||||||||||||||||||
(c) | Contracts represent between 1 percent and 24 percent of net plant output. | ||||||||||||||||||||||||
Debt_and_Credit_Facilities_Tab
Debt and Credit Facilities (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
Schedule of Debt | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Weighted Average Interest Rate | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Weighted Average Interest Rate | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||
Unsecured debt, maturing 2014 - 2073 | 5.18 | % | $ | 13,550 | $ | 1,157 | $ | 4,150 | $ | ― | $ | 150 | $ | 805 | $ | 744 | Unsecured debt, maturing 2013 - 2039 | 5.44 | % | $ | 12,722 | $ | 1,159 | $ | 4,150 | $ | ― | $ | 150 | $ | 805 | $ | 1,146 | |||||||||||||
Secured debt, maturing 2014 - 2037 | 2.69 | % | 2,559 | 400 | 305 | 305 | ― | ― | ― | Secured debt, maturing 2013 - 2037 | 3.08 | % | 1,873 | 300 | 5 | 5 | ― | ― | ― | |||||||||||||||||||||||||||
First mortgage bonds, maturing 2015 - 2043(a) | 4.9 | % | 17,831 | 6,161 | 8,450 | 4,125 | 4,325 | 900 | 2,319 | First mortgage bonds, maturing 2013 - 2042(a) | 5 | % | 17,856 | 6,562 | 8,775 | 4,025 | 4,750 | 700 | 1,819 | |||||||||||||||||||||||||||
Capital leases, maturing 2014 - 2051(b) | 5.23 | % | 1,516 | 30 | 327 | 148 | 179 | 27 | 20 | Capital leases, maturing 2013 - 2051(b) | 5.19 | % | 1,689 | 32 | 339 | 150 | 189 | 35 | 23 | |||||||||||||||||||||||||||
Other debt, maturing 2027 | 4.77 | % | 8 | ― | ― | ― | ― | 8 | ― | Junior subordinated debt, maturing 2039 | 7.1 | % | 309 | ― | 309 | ― | ― | ― | ― | |||||||||||||||||||||||||||
Tax-exempt bonds, maturing 2014 - 2041(c) | 1.28 | % | 2,356 | 395 | 910 | 669 | 241 | 479 | 573 | Other debt, maturing 2027 | 4.77 | % | 8 | ― | ― | ― | ― | 8 | ― | |||||||||||||||||||||||||||
Notes payable and commercial paper(d) | 1.02 | % | 1,289 | ― | ― | ― | ― | ― | ― | Tax exempt bonds, maturing 2014 - 2041(c) | 1.39 | % | 2,357 | 395 | 910 | 669 | 241 | 479 | 573 | |||||||||||||||||||||||||||
Money pool/intercompany borrowings | ― | 300 | 1,213 | 462 | 181 | 43 | 150 | Notes payable and commercial paper(d) | 0.83 | % | 1,507 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||
Fair value hedge carrying value adjustment | 9 | 9 | ― | ― | ― | ― | ― | Money pool/intercompany borrowings | ― | 300 | 455 | 364 | ― | 245 | 231 | |||||||||||||||||||||||||||||||
Unamortized debt discount and premium, net(e) | 1,977 | -16 | -27 | -12 | -9 | -31 | -10 | Fair value hedge carrying value adjustment | 12 | 10 | ― | ― | ― | 2 | ― | |||||||||||||||||||||||||||||||
Total debt | 41,095 | 8,436 | 15,328 | 5,697 | 5,067 | 2,231 | 3,796 | Unamortized debt discount and premium, net(e) | 2,185 | -17 | -60 | -9 | -10 | -32 | -9 | |||||||||||||||||||||||||||||||
Short-term notes payable and commercial paper | -839 | ― | ― | ― | ― | ― | ― | Total debt | 40,518 | 8,741 | 14,883 | 5,204 | 5,320 | 2,242 | 3,783 | |||||||||||||||||||||||||||||||
Short-term money pool borrowings | ― | ― | -1,213 | -462 | -181 | -43 | ― | Short-term notes payable and commercial paper | -1,057 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||
Current maturities of long-term debt | -2,104 | -47 | -485 | -174 | -11 | -47 | -5 | Short-term money pool borrowings | ― | ― | -455 | -364 | ― | -245 | -81 | |||||||||||||||||||||||||||||||
Total long-term debt(f) | $ | 38,152 | $ | 8,389 | $ | 13,630 | $ | 5,061 | $ | 4,875 | $ | 2,141 | $ | 3,791 | Current maturities of long-term debt | -3,110 | -406 | -843 | -407 | -435 | -261 | -405 | ||||||||||||||||||||||||
Total long-term debt(f) | $ | 36,351 | $ | 8,335 | $ | 13,585 | $ | 4,433 | $ | 4,885 | $ | 1,736 | $ | 3,297 | ||||||||||||||||||||||||||||||||
(a) | Substantially all electric utility fixed assets are mortgaged under mortgage bond indentures. | |||||||||||||||||||||||||||||||||||||||||||||
(b) | Duke Energy includes $144 million and $838 million of capital lease purchase accounting adjustments related to Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases in their financial statements because of grandfathering provisions in GAAP. | (a) | Substantially all electric utility fixed assets are mortgaged under mortgage bond indentures. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | (b) | Duke Energy includes $158 million and $907 million of capital lease purchase accounting adjustments for Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases on their financial statements because of grandfathering provisions in GAAP. | |||||||||||||||||||||||||||||||||||||||||||
(d) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 49 days. | (c) | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Duke Energy includes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | (d) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 18 days. | |||||||||||||||||||||||||||||||||||||||||||
(f) | Includes $1,966 million for Duke Energy, $400 million for Duke Energy Carolinas and $300 million for Progress Energy and Duke Energy Progress related to consolidated VIEs. | (e) | Duke Energy includes $2,311 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | |||||||||||||||||||||||||||||||||||||||||||
(f) | Includes $852 million for Duke Energy and $300 million for Duke Energy Carolinas related to consolidated VIEs. | |||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Significant Debt Issuances | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Carolinas | Progress Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||||||
Unsecured Debt | Unsecured Debt | |||||||||||||||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | March 2012(a) | Apr-22 | 3.15 | % | $ | ― | $ | ― | $ | 450 | $ | ― | $ | ― | $ | ― | $ | 450 | |||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | August 2012(b) | Aug-17 | 1.63 | % | 700 | ― | ― | ― | ― | ― | 700 | |||||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | August 2012(b) | Aug-22 | 3.05 | % | 500 | ― | ― | ― | ― | ― | 500 | |||||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | Secured Debt | |||||||||||||||||||||||||||||||||||||
Secured Debt | April 2012(c) | Sep-24 | 2.64 | % | 330 | ― | ― | ― | ― | ― | 330 | |||||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | December 2012(d) | Mar-13 | 2.77 | % | 203 | ― | ― | ― | ― | ― | 203 | |||||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | December 2012(d) | Mar-13 | 4.74 | % | 220 | ― | ― | ― | ― | ― | 220 | |||||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | December 2012(e) | Jun-13 | 1.01 | % | 190 | ― | ― | ― | ― | ― | 190 | |||||||||||||||||||||||||||
December 2013(i) | Dec-16 | 0.852 | % | ― | 300 | ― | ― | 300 | December 2012(e) | Dec-25 | 1.56 | % | 200 | ― | ― | ― | ― | ― | 200 | |||||||||||||||||||||||||||
First Mortgage Bonds | First Mortgage Bonds | |||||||||||||||||||||||||||||||||||||||||||||
March 2013(j) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | March 2012(f) | Mar-42 | 4.2 | % | ― | ― | ― | ― | ― | 250 | 250 | |||||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | May 2012(g) | May-22 | 2.8 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | May 2012(g) | May-42 | 4.1 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | September 2012(h) | Sep-42 | 4 | % | ― | 650 | ― | ― | ― | ― | 650 | |||||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | November 2012(i) | Nov-15 | 0.65 | % | ― | ― | ― | ― | 250 | ― | 250 | |||||||||||||||||||||||||||
Total Issuances | $ | 1,400 | $ | 800 | $ | 450 | $ | 500 | $ | 4,023 | November 2012(i) | Nov-42 | 3.85 | % | ― | ― | ― | ― | 400 | ― | 400 | |||||||||||||||||||||||||
Total Issuances | $ | 2,343 | $ | 650 | $ | 450 | $ | 1,000 | $ | 650 | $ | 250 | $ | 5,343 | ||||||||||||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS) and to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 17 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||||||||||||||||
(b) | Proceeds were used to repay $250 million of current maturities and for general corporate purposes, including the repayment of outstanding commercial paper. | (a) | Proceeds were used to repay current maturities of $450 million. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Proceeds 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. | (b) | Proceeds were used to repay current maturities of $500 million, as well as for general corporate purposes, including the repayment of commercial paper. | |||||||||||||||||||||||||||||||||||||||||||
(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. | (c) | Proceeds were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Debt was subsequently deconsolidated upon execution of a joint venture. See Note 17 for further details. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Proceeds were used to repay commercial paper as well as for general corporate purposes. | (d) | Proceeds were used to fund the existing Los Vientos wind power portfolio. | |||||||||||||||||||||||||||||||||||||||||||
(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. | (e) | Debt issuances were executed in connection with the acquisition of Ibener. Both loans were collateralized with cash deposits equal to 101 percent of the loan amounts. See Note 2 for further details. | |||||||||||||||||||||||||||||||||||||||||||
(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. | (f) | Proceeds were used to repay a portion of outstanding short-term debt. | |||||||||||||||||||||||||||||||||||||||||||
(h) | Represents 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. | (g) | Proceeds were used to repay current maturities of $500 million, a portion of outstanding commercial paper and notes payable to affiliated companies. | |||||||||||||||||||||||||||||||||||||||||||
(i) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Progress; the proceeds were used to repay short-term debt. See Note 17 for further details. | (h) | Proceeds were used to repay current maturities of $420 million, as well as for general corporate purposes, including the funding of capital expenditures. | |||||||||||||||||||||||||||||||||||||||||||
(j) | Proceeds were used to repay notes payable to affiliated companies as well as for general corporate purposes. | (i) | Proceeds will be used to repay current maturities of $425 million, as well as for general corporate purposes. | |||||||||||||||||||||||||||||||||||||||||||
(k) | Proceeds 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 credit spread of 35 basis points. | |||||||||||||||||||||||||||||||||||||||||||||
(m) | Proceeds 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. | Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||
(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 Carolinas | Progress Energy (Parent) | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | Duke Energy | |||||||||||||||||||||||||||||||||||
Unsecured Debt | ||||||||||||||||||||||||||||||||||||||||||||||
March 2012(a) | Apr-22 | 3.15 | % | $ | ― | $ | ― | $ | 450 | $ | ― | $ | ― | $ | ― | $ | 450 | |||||||||||||||||||||||||||||
Year Ended December 31, 2013 | August 2012(b) | Aug-17 | 1.63 | % | 700 | ― | ― | ― | ― | ― | 700 | |||||||||||||||||||||||||||||||||||
Issuance Date | Maturity Date | Interest Rate | Duke Energy (Parent) | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | Duke Energy | August 2012(b) | Aug-22 | 3.05 | % | 500 | ― | ― | ― | ― | ― | 500 | ||||||||||||||||||||||||||||
Unsecured Debt | Secured Debt | |||||||||||||||||||||||||||||||||||||||||||||
January 2013(a) | Jan-73 | 5.125 | % | $ | 500 | $ | ― | $ | ― | $ | ― | $ | 500 | April 2012(c) | Sep-24 | 2.64 | % | 330 | ― | ― | ― | ― | ― | 330 | ||||||||||||||||||||||
June 2013(b) | Jun-18 | 2.1 | % | 500 | ― | ― | ― | 500 | December 2012(d) | Mar-13 | 2.77 | % | 203 | ― | ― | ― | ― | ― | 203 | |||||||||||||||||||||||||||
August 2013(c)(d) | Aug-23 | 11 | % | ― | ― | ― | ― | 220 | December 2012(d) | Mar-13 | 4.74 | % | 220 | ― | ― | ― | ― | ― | 220 | |||||||||||||||||||||||||||
October 2013(e) | Oct-23 | 3.95 | % | 400 | ― | ― | ― | 400 | December 2012(e) | Jun-13 | 1.01 | % | 190 | ― | ― | ― | ― | ― | 190 | |||||||||||||||||||||||||||
Secured Debt | December 2012(e) | Dec-25 | 1.56 | % | 200 | ― | ― | ― | ― | ― | 200 | |||||||||||||||||||||||||||||||||||
February 2013(f)(g) | Dec-30 | 2.043 | % | ― | ― | ― | ― | 203 | First Mortgage Bonds | |||||||||||||||||||||||||||||||||||||
February 2013(f) | Jun-37 | 4.74 | % | ― | ― | ― | ― | 220 | March 2012(f) | Mar-42 | 4.2 | % | ― | ― | ― | ― | ― | 250 | 250 | |||||||||||||||||||||||||||
April 2013(h) | Apr-26 | 5.456 | % | ― | ― | ― | ― | 230 | May 2012(g) | May-22 | 2.8 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||||||||||||||||
December 2013(i) | Dec-16 | 0.852 | % | ― | 300 | ― | ― | 300 | May 2012(g) | May-42 | 4.1 | % | ― | ― | ― | 500 | ― | ― | 500 | |||||||||||||||||||||||||||
First Mortgage Bonds | September 2012(h) | Sep-42 | 4 | % | ― | 650 | ― | ― | ― | ― | 650 | |||||||||||||||||||||||||||||||||||
March 2013(j) | Mar-43 | 4.1 | % | ― | 500 | ― | ― | 500 | November 2012(i) | Nov-15 | 0.65 | % | ― | ― | ― | ― | 250 | ― | 250 | |||||||||||||||||||||||||||
July 2013(k) | Jul-43 | 4.9 | % | ― | ― | ― | 350 | 350 | November 2012(i) | Nov-42 | 3.85 | % | ― | ― | ― | ― | 400 | ― | 400 | |||||||||||||||||||||||||||
July 2013(k)(l) | Jul-16 | 0.619 | % | ― | ― | ― | 150 | 150 | Total Issuances | $ | 2,343 | $ | 650 | $ | 450 | $ | 1,000 | $ | 650 | $ | 250 | $ | 5,343 | |||||||||||||||||||||||
September 2013(m) | Sep-23 | 3.8 | % | ― | ― | 300 | ― | 300 | ||||||||||||||||||||||||||||||||||||||
September 2013(m)(n) | Mar-15 | 0.4 | % | ― | ― | 150 | ― | 150 | (a) | Proceeds were used to repay current maturities of $450 million. | ||||||||||||||||||||||||||||||||||||
Total Issuances | $ | 1,400 | $ | 800 | $ | 450 | $ | 500 | $ | 4,023 | (b) | Proceeds were used to repay current maturities of $500 million, as well as for general corporate purposes, including the repayment of commercial paper. | ||||||||||||||||||||||||||||||||||
(c) | Proceeds were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Debt was subsequently deconsolidated upon execution of a joint venture. See Note 17 for further details. | |||||||||||||||||||||||||||||||||||||||||||||
(a) | Callable after January 2018 at par. Proceeds were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS) and to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 17 for additional information about the QUIPS. | (d) | Proceeds were used to fund the existing Los Vientos wind power portfolio. | |||||||||||||||||||||||||||||||||||||||||||
(b) | Proceeds were used to repay $250 million of current maturities and for general corporate purposes, including the repayment of outstanding commercial paper. | (e) | Debt issuances were executed in connection with the acquisition of Ibener. Both loans were collateralized with cash deposits equal to 101 percent of the loan amounts. See Note 2 for further details. | |||||||||||||||||||||||||||||||||||||||||||
(c) | Proceeds 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. | (f) | Proceeds were used to repay a portion of outstanding short-term debt. | |||||||||||||||||||||||||||||||||||||||||||
(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. | (g) | Proceeds were used to repay current maturities of $500 million, a portion of outstanding commercial paper and notes payable to affiliated companies. | |||||||||||||||||||||||||||||||||||||||||||
(e) | Proceeds were used to repay commercial paper as well as for general corporate purposes. | (h) | Proceeds were used to repay current maturities of $420 million, as well as for general corporate purposes, including the funding of capital expenditures. | |||||||||||||||||||||||||||||||||||||||||||
(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. | (i) | Proceeds will be used to repay current maturities of $425 million, as well as for general corporate purposes. | |||||||||||||||||||||||||||||||||||||||||||
(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 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) | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Progress; the proceeds were used to repay short-term debt. See Note 17 for further details. | |||||||||||||||||||||||||||||||||||||||||||||
(j) | Proceeds were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||||||||||||||||
(k) | Proceeds 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 credit spread of 35 basis points. | |||||||||||||||||||||||||||||||||||||||||||||
(m) | Proceeds 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 | 31-Dec-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 | ||||||||||||||||||||||||||||||||||||||||||
Tax-exempt Bonds | ||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | Jan-14 | 0.105 | % | 167 | ||||||||||||||||||||||||||||||||||||||||||
Other | 387 | |||||||||||||||||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,104 | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Maturity Date | Interest Rate | 31-Dec-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 | ||||||||||||||||||||||||||||||||||||||||||
Tax-exempt Bonds | ||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | Jan-14 | 0.105 | % | 167 | ||||||||||||||||||||||||||||||||||||||||||
Other | 387 | |||||||||||||||||||||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 2,104 | ||||||||||||||||||||||||||||||||||||||||||||
Schedule of Maturities of Long-term Debt | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy(a) | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||
2014 | $ | 2,104 | $ | 47 | $ | 485 | $ | 174 | $ | 11 | $ | 47 | $ | 5 | ||||||||||||||||||||||||||||||||
2015 | 2,634 | 507 | 1,264 | 702 | 562 | 157 | 5 | |||||||||||||||||||||||||||||||||||||||
2016 | 2,975 | 756 | 614 | 302 | 12 | 56 | 480 | |||||||||||||||||||||||||||||||||||||||
2017 | 1,342 | 116 | 265 | 3 | 262 | 2 | 3 | |||||||||||||||||||||||||||||||||||||||
2018 | 3,235 | 1,505 | 603 | 59 | 544 | 3 | 153 | |||||||||||||||||||||||||||||||||||||||
Thereafter | 25,899 | 5,505 | 10,884 | 3,995 | 3,495 | 1,923 | 3,150 | |||||||||||||||||||||||||||||||||||||||
Total long-term debt, including current maturities | $ | 38,189 | $ | 8,436 | $ | 14,115 | $ | 5,235 | $ | 4,886 | $ | 2,188 | $ | 3,796 | ||||||||||||||||||||||||||||||||
(a) | Excludes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | |||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Line Of Credit Facilities | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | ||||||||||||||||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -450 | ― | -300 | ― | ― | ― | -150 | |||||||||||||||||||||||||||||||||||||||
Outstanding letters of credit | -62 | -55 | -4 | -2 | -1 | ― | ― | |||||||||||||||||||||||||||||||||||||||
Tax-exempt bonds | -240 | ― | -75 | ― | ― | -84 | -81 | |||||||||||||||||||||||||||||||||||||||
Available capacity | $ | 5,248 | $ | 2,195 | $ | 621 | $ | 748 | $ | 649 | $ | 566 | $ | 469 | ||||||||||||||||||||||||||||||||
(a) | Represents the sublimit of each borrower at December 31, 2013. The Duke Energy Ohio sublimit includes $100 million for Duke Energy Kentucky. | |||||||||||||||||||||||||||||||||||||||||||||
(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 Carolinas' and Duke Energy Indiana's Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy (Parent) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||
Facility size(a) | $ | 6,000 | $ | 2,250 | $ | 1,000 | $ | 750 | $ | 650 | $ | 650 | $ | 700 | ||||||||||||||||||||||||||||||||
Reduction to backstop issuances | ||||||||||||||||||||||||||||||||||||||||||||||
Notes payable and commercial paper(b) | -450 | ― | -300 | ― | ― | ― | -150 | |||||||||||||||||||||||||||||||||||||||
Outstanding letters of credit | -62 | -55 | -4 | -2 | -1 | ― | ― | |||||||||||||||||||||||||||||||||||||||
Tax-exempt bonds | -240 | ― | -75 | ― | ― | -84 | -81 | |||||||||||||||||||||||||||||||||||||||
Available capacity | $ | 5,248 | $ | 2,195 | $ | 621 | $ | 748 | $ | 649 | $ | 566 | $ | 469 | ||||||||||||||||||||||||||||||||
(a) | Represents the sublimit of each borrower at December 31, 2013. The Duke Energy Ohio sublimit includes $100 million for Duke Energy Kentucky. | |||||||||||||||||||||||||||||||||||||||||||||
(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 Carolinas' and Duke Energy Indiana's Condensed Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Short Term Obligations Classifed As Long Term | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Duke Energy Ohio | Duke Energy Indiana | (in millions) | Duke Energy | Duke Energy Carolinas | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||
Tax-exempt bonds | $ | 471 | $ | 75 | $ | 111 | $ | 285 | Tax exempt bonds | $ | 471 | $ | 75 | $ | 111 | $ | 285 | |||||||||||||||||||||||||||||
Notes payable and commercial paper | 450 | 300 | ― | 150 | Notes payable and commercial paper | 450 | 300 | ― | 150 | |||||||||||||||||||||||||||||||||||||
Secured debt(a) | 200 | ― | ― | ― | Secured debt(a) | 200 | ― | ― | ― | |||||||||||||||||||||||||||||||||||||
Total | $ | 1,121 | $ | 375 | $ | 111 | $ | 435 | DERF(b) | 300 | 300 | |||||||||||||||||||||||||||||||||||
Total | $ | 1,421 | $ | 675 | $ | 111 | $ | 435 | ||||||||||||||||||||||||||||||||||||||
(a) | Instrument has a term of less than one year with the right to extend the maturity date for additional one-year periods with a final maturity date no later than December 2026. | |||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. See Note 17 for further information. | |||||||||||||||||||||||||||||||||||||||||||||
Guarantees_and_Indemnification1
Guarantees and Indemnifications (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Guarantor Obligations [Line Items] | ' | |||||||
Schedule of Guarantor Obligations | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Duke Energy | $ | 24 | $ | 41 | ||||
Progress Energy | 9 | 25 | ||||||
Duke Energy Florida | 3 | 17 | ||||||
Recovered_Sheet1
Joint Ownership of Generating and Transmission Facilities (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Jointly Owned Utility Plant Interests [Line Items] | ' | |||||||||||||
Schedule Joint Ownership of Generating and Transmission Facilities | ' | |||||||||||||
31-Dec-13 | ||||||||||||||
Ownership Share | Property, Plant and Equipment | Accumulated Depreciation | Construction Work in Progress | |||||||||||
Duke Energy Carolinas | ||||||||||||||
Catawba Nuclear Station (Units 1 and 2)(a)(b) | 19.25 | % | $ | 887 | $ | 498 | $ | ― | ||||||
Duke Energy Progress | ||||||||||||||
Mayo Station(a)(c) | 83.83 | 856 | 303 | 104 | ||||||||||
Shearon Harris Nuclear Station(a)(c) | 83.83 | 3,620 | 2,018 | 67 | ||||||||||
Brunswick Nuclear Station(a)(c) | 81.67 | 1,921 | 1,005 | 176 | ||||||||||
Roxboro Station (Unit 4)(a)(c) | 87.06 | 754 | 473 | 13 | ||||||||||
Duke Energy Florida | ||||||||||||||
Crystal River Nuclear Station (Unit 3)(a)(d) | 91.78 | ― | ― | ― | ||||||||||
Intercession City Station (Unit P11)(a)(e) | 66.67 | 25 | 13 | ― | ||||||||||
Duke Energy Ohio | ||||||||||||||
Miami Fort Station (Units 7 and 8)(f)(g) | 64 | 624 | 232 | 1 | ||||||||||
W.C. Beckjord Station (Unit 6)(f)(h) | 37.5 | ― | ― | ― | ||||||||||
J.M. Stuart Station(f)(h)(i) | 39 | 823 | 281 | 16 | ||||||||||
Conesville Station (Unit 4)(f)(h)(i) | 40 | 318 | 49 | 3 | ||||||||||
W.M. Zimmer Station(f)(h) | 46.5 | 1,358 | 574 | 4 | ||||||||||
Killen Station(f)(g)(i) | 33 | 308 | 139 | 2 | ||||||||||
East Bend Station(a)(g) | 69 | 447 | 240 | 13 | ||||||||||
Transmission facilities(a)(h) | Various | 96 | 49 | ― | ||||||||||
Duke Energy Indiana | ||||||||||||||
Gibson Station (Unit 5)(a)(j) | 50.05 | 308 | 160 | 2 | ||||||||||
Vermillion(a)(k) | 62.5 | 154 | 61 | ― | ||||||||||
Transmission and local facilities(a)(j) | Various | 3,726 | 1,582 | ― | ||||||||||
International Energy | ||||||||||||||
Brazil - Canoas I and II(l) | 47.2 | 266 | 83 | ― | ||||||||||
(a) | Included in Regulated Utilities segment. | |||||||||||||
(b) | Co-owned with North Carolina Municipal Power Agency Number 1, NCEMC and Piedmont Municipal Power Agency. | |||||||||||||
(c) | Co-owned with North Carolina Eastern Municipal Power Agency. | |||||||||||||
(d) | All costs associated with Crystal River Unit 3 are included within Regulatory assets on the Consolidated Balance Sheets of Duke Energy, Progress Energy and Duke Energy Florida. See Note 4 for additional information. Co-owned with Seminole Electric Cooperative, Inc., City of Ocala, Orlando Utilities Commission, City of Gainesville, City of Leesburg, Kissimmee Utility Authority, Utilities Commission of the City of New Smyrna Beach, City of Alachua and City of Bushnell. | |||||||||||||
(e) | Co-owned with Georgia Power Company. Georgia Power Company has exclusive rights to the output of the unit during the months of June through September. | |||||||||||||
(f) | Included in Commercial Power segment. | |||||||||||||
(g) | Co-owned with The Dayton Power and Light Company. | |||||||||||||
(h) | Co-owned with The Dayton Power and Light Company and Ohio Power Company. | |||||||||||||
(i) | Station is not operated by Duke Energy Ohio. | |||||||||||||
(j) | Co-owned with WVPA and Indiana Municipal Power Agency. | |||||||||||||
(k) | Co-owned with WVPA. | |||||||||||||
(l) | Included in International Energy segment. Co-owned with Companhia Brasileira de Aluminio. | |||||||||||||
Asset_Retirement_Obligations_T
Asset Retirement Obligations (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Asset Retirement Obligation [Line Items] | ' | |||||||||||||||||||||
Schedule of Asset Retirement Obligations | ' | |||||||||||||||||||||
(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 | $ | 1,936 | $ | 1,846 | $ | 1,265 | $ | 896 | $ | 369 | $ | 27 | $ | 43 | ||||||||
Acquisitions(a) | 3,062 | — | — | — | — | — | — | |||||||||||||||
Accretion expense(b) | 173 | 118 | 86 | 64 | 22 | 1 | 1 | |||||||||||||||
Liabilities settled | -15 | -3 | -2 | -2 | — | — | -10 | |||||||||||||||
Revisions in estimates of cash flows(c) | -4 | -2 | 234 | — | 234 | — | -1 | |||||||||||||||
Liabilities incurred in the current year(d) | 24 | — | 837 | 698 | 139 | — | 4 | |||||||||||||||
Balance at December 31, 2012(e) | 5,176 | 1,959 | 2,420 | 1,656 | 764 | 28 | 37 | |||||||||||||||
Acquisitions | 4 | — | — | — | — | — | — | |||||||||||||||
Accretion expense(b) | 239 | 122 | 113 | 80 | 33 | 2 | — | |||||||||||||||
Liabilities settled | -12 | — | -12 | — | -12 | — | — | |||||||||||||||
Revisions in estimates of cash flows(f) | -449 | -487 | 49 | 1 | 48 | -2 | -7 | |||||||||||||||
Balance at December 31, 2013(e) | $ | 4,958 | $ | 1,594 | $ | 2,570 | $ | 1,737 | $ | 833 | $ | 28 | $ | 30 | ||||||||
(a) | Represents asset retirement obligations resulting from the merger with Progress Energy. See Note 2 for additional information. | |||||||||||||||||||||
(b) | Substantially all accretion expense for the years ended December 31, 2013 and 2012 relates to Duke Energy’s regulated electric operations and has been deferred in accordance with regulatory accounting treatment. | |||||||||||||||||||||
(c) | For Progress Energy and Duke Energy Florida, the amounts relate to the retirement of Crystal River Unit 3. | |||||||||||||||||||||
(d) | For Progress Energy, Duke Energy Progress and Duke Energy Florida, amounts primarily relate to spent nuclear fuel disposal recorded in the third quarter of 2012 to conform to Duke Energy's assumptions for nuclear asset retirement obligations. | |||||||||||||||||||||
(e) | Balances at December 31, 2013 and 2012, include $8 million and $7 million, respectively, reported in Other current liabilities on the Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |||||||||||||||||||||
(f) | Amounts for Duke Energy, Duke Energy Carolinas and Duke Energy Florida primarily relate to the site-specific nuclear decommissioning cost studies completed in 2013. | |||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||||||||||||||
Asset Retirement Obligation [Line Items] | ' | |||||||||||||||||||||
Summary of Nuclear Decommissioning Trust Fund Requirements | ' | |||||||||||||||||||||
(in millions) | Annual Funding Requirement | Decommissioning Costs(a)(b) | Year of Cost Study | |||||||||||||||||||
Duke Energy Carolinas | $ | 21 | $ | 3,420 | 2013 | |||||||||||||||||
Duke Energy Progress | 14 | 3,000 | 2009 | |||||||||||||||||||
Duke Energy Florida | ― | 1,083 | 2013 | |||||||||||||||||||
(a) | Represents cost per the most recent site-specific nuclear decommissioning cost studies, including costs to decommission plant components not subject to radioactive contamination. | |||||||||||||||||||||
(b) | Includes the Duke Energy Registrants' ownership interest in jointly owned reactors. Other joint owners are responsible for decommissioning costs related to their interest in the reactors. | |||||||||||||||||||||
Schedule of Nuclear Operating Licenses Expiration | ' | |||||||||||||||||||||
Unit | Year of Expiration | |||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
Catawba Unit 1 | 2043 | |||||||||||||||||||||
Catawba Unit 2 | 2043 | |||||||||||||||||||||
McGuire Unit 1 | 2041 | |||||||||||||||||||||
McGuire Unit 2 | 2043 | |||||||||||||||||||||
Oconee Unit 1 | 2033 | |||||||||||||||||||||
Oconee Unit 2 | 2033 | |||||||||||||||||||||
Oconee Unit 3 | 2034 | |||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Brunswick Unit 1 | 2036 | |||||||||||||||||||||
Brunswick Unit 2 | 2034 | |||||||||||||||||||||
Harris | 2046 | |||||||||||||||||||||
Robinson | 2030 | |||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
Crystal River Unit 3(a) | 2016 | |||||||||||||||||||||
(a) | Duke Energy Florida has requested the NRC terminate the Crystal River Unit 3 operating license as a result of the retirement of the unit. | |||||||||||||||||||||
Duke Energy Progress [Member] | ' | |||||||||||||||||||||
Asset Retirement Obligation [Line Items] | ' | |||||||||||||||||||||
Summary of Nuclear Decommissioning Trust Fund Requirements | ' | |||||||||||||||||||||
(in millions) | Annual Funding Requirement | Decommissioning Costs(a)(b) | Year of Cost Study | |||||||||||||||||||
Duke Energy Carolinas | $ | 21 | $ | 3,420 | 2013 | |||||||||||||||||
Duke Energy Progress | 14 | 3,000 | 2009 | |||||||||||||||||||
Duke Energy Florida | ― | 1,083 | 2013 | |||||||||||||||||||
(a) | Represents cost per the most recent site-specific nuclear decommissioning cost studies, including costs to decommission plant components not subject to radioactive contamination. | |||||||||||||||||||||
(b) | Includes the Duke Energy Registrants' ownership interest in jointly owned reactors. Other joint owners are responsible for decommissioning costs related to their interest in the reactors. | |||||||||||||||||||||
Schedule of Nuclear Operating Licenses Expiration | ' | |||||||||||||||||||||
Unit | Year of Expiration | |||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
Catawba Unit 1 | 2043 | |||||||||||||||||||||
Catawba Unit 2 | 2043 | |||||||||||||||||||||
McGuire Unit 1 | 2041 | |||||||||||||||||||||
McGuire Unit 2 | 2043 | |||||||||||||||||||||
Oconee Unit 1 | 2033 | |||||||||||||||||||||
Oconee Unit 2 | 2033 | |||||||||||||||||||||
Oconee Unit 3 | 2034 | |||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Brunswick Unit 1 | 2036 | |||||||||||||||||||||
Brunswick Unit 2 | 2034 | |||||||||||||||||||||
Harris | 2046 | |||||||||||||||||||||
Robinson | 2030 | |||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
Crystal River Unit 3(a) | 2016 | |||||||||||||||||||||
(a) | Duke Energy Florida has requested the NRC terminate the Crystal River Unit 3 operating license as a result of the retirement of the unit. | |||||||||||||||||||||
Duke Energy Florida [Member] | ' | |||||||||||||||||||||
Asset Retirement Obligation [Line Items] | ' | |||||||||||||||||||||
Summary of Nuclear Decommissioning Trust Fund Requirements | ' | |||||||||||||||||||||
(in millions) | Annual Funding Requirement | Decommissioning Costs(a)(b) | Year of Cost Study | |||||||||||||||||||
Duke Energy Carolinas | $ | 21 | $ | 3,420 | 2013 | |||||||||||||||||
Duke Energy Progress | 14 | 3,000 | 2009 | |||||||||||||||||||
Duke Energy Florida | ― | 1,083 | 2013 | |||||||||||||||||||
(a) | Represents cost per the most recent site-specific nuclear decommissioning cost studies, including costs to decommission plant components not subject to radioactive contamination. | |||||||||||||||||||||
(b) | Includes the Duke Energy Registrants' ownership interest in jointly owned reactors. Other joint owners are responsible for decommissioning costs related to their interest in the reactors. | |||||||||||||||||||||
Schedule of Nuclear Operating Licenses Expiration | ' | |||||||||||||||||||||
Unit | Year of Expiration | |||||||||||||||||||||
Duke Energy Carolinas | ||||||||||||||||||||||
Catawba Unit 1 | 2043 | |||||||||||||||||||||
Catawba Unit 2 | 2043 | |||||||||||||||||||||
McGuire Unit 1 | 2041 | |||||||||||||||||||||
McGuire Unit 2 | 2043 | |||||||||||||||||||||
Oconee Unit 1 | 2033 | |||||||||||||||||||||
Oconee Unit 2 | 2033 | |||||||||||||||||||||
Oconee Unit 3 | 2034 | |||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||
Brunswick Unit 1 | 2036 | |||||||||||||||||||||
Brunswick Unit 2 | 2034 | |||||||||||||||||||||
Harris | 2046 | |||||||||||||||||||||
Robinson | 2030 | |||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||
Crystal River Unit 3(a) | 2016 | |||||||||||||||||||||
(a) | Duke Energy Florida has requested the NRC terminate the Crystal River Unit 3 operating license as a result of the retirement of the unit. | |||||||||||||||||||||
Property_Plant_Equipment_Table
Property, Plant & Equipment (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||
Public Utility, Property, Plant and Equipment [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||
Schedule Of Property, Plant And Equipment | ' | ' | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | (in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||
Duke Energy | 2.8 | % | 2.9 | % | 3.2 | % | Land | $ | 1,368 | $ | 378 | $ | 618 | $ | 380 | $ | 239 | $ | 136 | $ | 90 | |||||||||||||||||||
Duke Energy Carolinas | 2.8 | % | 2.8 | % | 2.6 | % | Plant - Regulated | |||||||||||||||||||||||||||||||||
Progress Energy | 2.5 | % | 2.6 | % | 2.3 | % | Electric generation, distribution and transmission | 2 | - | 138 | 73,181 | 29,269 | 30,250 | 18,009 | 12,041 | 3,774 | 8,622 | |||||||||||||||||||||||
Duke Energy Progress | 2.5 | % | 2.7 | % | 2.1 | % | Natural gas transmission and distribution | 12 | - | 60 | 2,026 | ― | ― | ― | ― | 2,026 | ― | |||||||||||||||||||||||
Duke Energy Florida | 2.4 | % | 2.5 | % | 2.4 | % | Other buildings and improvements | 2 | - | 100 | 1,319 | 444 | 609 | 283 | 318 | 125 | 149 | |||||||||||||||||||||||
Duke Energy Ohio | 3.3 | % | 3.2 | % | 3.5 | % | Plant - Nonregulated | |||||||||||||||||||||||||||||||||
Duke Energy Indiana | 2.8 | % | 3.3 | % | 3.4 | % | Electric generation, distribution and transmission | 2 | - | 100 | 6,055 | ― | ― | ― | ― | 3,870 | ― | |||||||||||||||||||||||
Other buildings and improvements | 9 | - | 90 | 2,940 | ― | ― | ― | ― | 191 | ― | ||||||||||||||||||||||||||||||
Nuclear fuel | 2,127 | 1,277 | 850 | 850 | ― | ― | ― | |||||||||||||||||||||||||||||||||
31-Dec-13 | Equipment | 1 | - | 34 | 1,448 | 279 | 604 | 336 | 90 | 255 | 141 | |||||||||||||||||||||||||||||
(in millions) | Estimated Useful Life (Years) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Construction in process | 6,655 | 1,996 | 1,424 | 946 | 474 | 204 | 2,836 | ||||||||||||||||||||||||
Land | $ | 1,481 | $ | 397 | $ | 705 | $ | 383 | $ | 321 | $ | 137 | $ | 105 | Other | 5 | - | 60 | 3,272 | 547 | 791 | 380 | 270 | 243 | 174 | |||||||||||||||
Plant - Regulated | Total property, plant and equipment(a)(d) | 100,391 | 34,190 | 35,146 | 21,184 | 13,432 | 10,824 | 12,012 | ||||||||||||||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 125 | 78,272 | 30,018 | 31,792 | 19,190 | 12,601 | 3,925 | 11,594 | Total accumulated depreciation - regulated(b)(c)(d) | -29,471 | -11,437 | -12,512 | -8,185 | -4,072 | -1,995 | -3,692 | ||||||||||||||||||||||
Natural gas transmission and distribution | 12 | - | 67 | 2,138 | ― | ― | ― | ― | 2,138 | ― | Total accumulated depreciation - nonregulated(c)(d) | -2,498 | ― | ― | ― | ― | -703 | ― | ||||||||||||||||||||||
Other buildings and improvements | 2 | - | 100 | 1,397 | 447 | 610 | 282 | 315 | 190 | 159 | Generation facilities to be retired, net | 136 | 73 | 63 | 63 | ― | ― | ― | ||||||||||||||||||||||
Plant - Nonregulated | Total net property, plant and equipment | $ | 68,558 | $ | 22,826 | $ | 22,697 | $ | 13,062 | $ | 9,360 | $ | 8,126 | $ | 8,320 | |||||||||||||||||||||||||
Electric generation, distribution and transmission | 2 | - | 100 | 6,267 | ― | ― | ― | ― | 4,017 | ― | ||||||||||||||||||||||||||||||
Other buildings and improvements | 9 | - | 100 | 2,512 | ― | ― | ― | ― | 5 | ― | (a) | Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases. | ||||||||||||||||||||||||||||
Nuclear fuel | 2,458 | 1,446 | 1,012 | 1,012 | ― | ― | ― | (b) | Includes $857 million, $557 million, $300 million and $300 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||||||||||||||
Equipment | 1 | - | 33 | 1,557 | 287 | 621 | 357 | 94 | 317 | 146 | (c) | Includes accumulated amortization of capitalized leases of $34 million, $3 million, $12 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | ||||||||||||||||||||||||||||
Construction in process | 3,595 | 1,741 | 873 | 631 | 238 | 166 | 307 | (d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy. | |||||||||||||||||||||||||||||||
Other | 5 | - | 33 | 3,438 | 570 | 867 | 418 | 294 | 248 | 178 | ||||||||||||||||||||||||||||||
Total property, plant and equipment(a)(d) | 103,115 | 34,906 | 36,480 | 22,273 | 13,863 | 11,143 | 12,489 | |||||||||||||||||||||||||||||||||
Total accumulated depreciation - regulated(b)(c)(d) | -31,659 | -11,894 | -13,098 | -8,623 | -4,252 | -2,160 | -3,913 | |||||||||||||||||||||||||||||||||
Total accumulated depreciation - nonregulated(c)(d) | -1,966 | ― | ― | ― | ― | -748 | ― | |||||||||||||||||||||||||||||||||
Total net property, plant and equipment | $ | 69,490 | $ | 23,012 | $ | 23,382 | $ | 13,650 | $ | 9,611 | $ | 8,235 | $ | 8,576 | ||||||||||||||||||||||||||
(a) | Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases. | |||||||||||||||||||||||||||||||||||||||
(b) | Includes $1,118 million, $681 million, $438 million and $438 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | |||||||||||||||||||||||||||||||||||||||
(c) | Includes accumulated amortization of capitalized leases of $40 million, $4 million, $21 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | |||||||||||||||||||||||||||||||||||||||
(d) | Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy. | |||||||||||||||||||||||||||||||||||||||
Schedule Of Capitalized Interest | ' | ' | ||||||||||||||||||||||||||||||||||||||
The following table presents capitalized interest, which includes the debt component of AFUDC. | ||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 90 | $ | 177 | $ | 166 | ||||||||||||||||||||||||||||||||||
Duke Energy Carolinas | 41 | 72 | 78 | |||||||||||||||||||||||||||||||||||||
Progress Energy | 19 | 41 | 35 | |||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 16 | 23 | 20 | |||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 3 | 18 | 15 | |||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 12 | 15 | 9 | |||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 9 | 39 | 33 | |||||||||||||||||||||||||||||||||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||
Goodwill [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Goodwill By Reportable Operating Segment | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Acquisitions (a) | 2 | -5 | 2 | -1 | (in millions) | Regulated Utilities | International Energy | Commercial Power | Total | |||||||||||||||||||||||||||||||||||
Foreign exchange and other changes | -2 | -22 | ― | -24 | Balance at December 31, 2012 | |||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2013 | Goodwill | $ | 15,950 | $ | 353 | $ | 933 | $ | 17,236 | |||||||||||||||||||||||||||||||||||
Goodwill | 15,950 | 326 | 935 | 17,211 | Accumulated impairment charges | ― | ― | -871 | -871 | |||||||||||||||||||||||||||||||||||
Accumulated impairment charges | ― | ― | -871 | -871 | Balance at December 31, 2012, as adjusted for accumulated impairment charges | 15,950 | 353 | 62 | 16,365 | |||||||||||||||||||||||||||||||||||
Balance at December 31, 2013, as adjusted for accumulated impairment charges | $ | 15,950 | $ | 326 | $ | 64 | $ | 16,340 | ||||||||||||||||||||||||||||||||||||
(a) | Amounts represent purchase price adjustments related to the Progress Energy merger at Regulated Utilities, the Chilean hydro acquisition at International Energy and a minor renewables acquisition at Commercial Power. See Note 2 for further information on purchase price adjustments related to the Progress Energy merger. | |||||||||||||||||||||||||||||||||||||||||||
Schedule of Intangible Assets | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | (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 | Emission allowances | $ | 80 | $ | ― | $ | 26 | $ | 4 | $ | 22 | $ | 24 | $ | 29 | ||||||||||||||||||||||
Emission allowances | $ | 63 | $ | 1 | $ | 21 | $ | 3 | $ | 18 | $ | 20 | $ | 21 | Renewable energy certificates | 18 | 14 | 2 | 1 | ― | ― | ― | ||||||||||||||||||||||
Renewable energy certificates | 82 | 16 | 64 | 64 | ― | 2 | ― | Gas, coal and power contracts | 295 | ― | ― | ― | ― | 272 | 24 | |||||||||||||||||||||||||||||
Gas, coal and power contracts | 180 | ― | ― | ― | ― | 156 | 24 | Wind development rights | 111 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||
Wind development rights | 86 | ― | ― | ― | ― | ― | ― | Other | 91 | ― | ― | ― | ― | 10 | ― | |||||||||||||||||||||||||||||
Other | 76 | ― | ― | ― | ― | ― | ― | Total gross carrying amounts | 595 | 14 | 28 | 5 | 22 | 306 | 53 | |||||||||||||||||||||||||||||
Total gross carrying amounts | 487 | 17 | 85 | 67 | 18 | 178 | 45 | Accumulated amortization - gas, coal and power contracts | -180 | ― | ― | ― | ― | -168 | -12 | |||||||||||||||||||||||||||||
Accumulated amortization - gas, coal and power contracts | -73 | ― | ― | ― | ― | -60 | -13 | Accumulated amortization - wind development rights | -9 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||
Accumulated amortization - wind development rights | -12 | ― | ― | ― | ― | ― | ― | Accumulated amortization - other | -34 | ― | ― | ― | ― | -9 | ― | |||||||||||||||||||||||||||||
Accumulated amortization - other | -24 | ― | ― | ― | ― | ― | ― | Total accumulated amortization | -223 | ― | ― | ― | ― | -177 | -12 | |||||||||||||||||||||||||||||
Total accumulated amortization | -109 | ― | ― | ― | ― | -60 | -13 | Total intangible assets, net | $ | 372 | $ | 14 | $ | 28 | $ | 5 | $ | 22 | $ | 129 | $ | 41 | ||||||||||||||||||||||
Total intangible assets, net | $ | 378 | $ | 17 | $ | 85 | $ | 67 | $ | 18 | $ | 118 | $ | 32 | ||||||||||||||||||||||||||||||
Schedule of Amortization Expense | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Amortization Expense | ||||||||||||||||||||||||||||||||||||||||||||
The following table presents amortization expense for gas, coal and power contracts, wind development rights and other intangible assets. | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 13 | $ | 14 | $ | 10 | ||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 8 | 12 | 8 | |||||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||
Schedule of Expected Amortization Expense | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||||||||||||||||||||||||
Duke Energy | $ | 43 | $ | 19 | $ | 17 | $ | 16 | $ | 16 | ||||||||||||||||||||||||||||||||||
Progress Energy | 4 | 3 | 2 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Progress | 1 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||
Duke Energy Florida | 3 | 3 | 2 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | 11 | 9 | 9 | 9 | 9 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Indiana | 22 | 1 | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Goodwill [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Goodwill By Reportable Operating Segment | ' | ' | ||||||||||||||||||||||||||||||||||||||||||
Foreign exchange and other changes | -1 | ― | -1 | (in millions) | Regulated Utilities | Commercial Power | Total | |||||||||||||||||||||||||||||||||||||
Balance at December 31, 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 December 31, 2013, as adjusted for accumulated impairment charges | $ | 920 | $ | ― | $ | 920 | Balance at December 31, 2012, as adjusted for accumulated impairment charges | 921 | ― | 921 | ||||||||||||||||||||||||||||||||||
Investments_in_Unconsolidated_1
Investments in Unconsolidated Affiliates (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Investments In Unconsolidated Affiliates [Line Items] | ' | |||||||||||||||||
Investments in Equity Method Unconsolidated Affiliates | ' | |||||||||||||||||
Years Ended December 31, | ||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||
(in millions) | Investments | Equity in earnings | Investments | Equity in earnings | Equity in earnings | |||||||||||||
Regulated Utilities | $ | 4 | $ | -1 | $ | 5 | $ | -5 | $ | — | ||||||||
International Energy | 82 | 110 | 81 | 134 | 145 | |||||||||||||
Commercial Power | 252 | 7 | 219 | 14 | 6 | |||||||||||||
Other | 52 | 6 | 178 | 5 | 9 | |||||||||||||
Total | $ | 390 | $ | 122 | $ | 483 | $ | 148 | $ | 160 | ||||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Duke Energy Carolinas [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Progress Energy [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Duke Energy Progress [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Duke Energy Florida [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Duke Energy Ohio [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Duke Energy Indiana [Member] | ' | |||||||||
Related Party Transaction [Line Items] | ' | |||||||||
Related Party Transactions, Other Revenue and Expense | ' | |||||||||
Years Ended December 31, | ||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||
Duke Energy Carolinas | ||||||||||
Corporate governance and shared service expenses(a) | $ | 927 | $ | 1,112 | $ | 1,009 | ||||
Indemnification coverages(b) | 22 | 21 | 21 | |||||||
Joint Dispatch Agreement (JDA) revenue(c) | 121 | 18 | ― | |||||||
Joint Dispatch Agreement (JDA) expense(c) | 116 | 91 | ― | |||||||
Progress Energy | ||||||||||
Corporate governance and shared services provided by Duke Energy(a) | $ | 290 | $ | 63 | $ | ― | ||||
Corporate governance and shared services provided to Duke Energy(d) | 96 | 47 | ― | |||||||
Indemnification coverages(b) | 34 | 17 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Progress | ||||||||||
Corporate governance and shared service expenses(a) | $ | 266 | $ | 254 | $ | 203 | ||||
Indemnification coverages(b) | 20 | 8 | ― | |||||||
JDA revenue(c) | 116 | 91 | ― | |||||||
JDA expense(c) | 121 | 18 | ― | |||||||
Duke Energy Florida | ||||||||||
Corporate governance and shared service expenses(a) | $ | 182 | $ | 186 | $ | 160 | ||||
Indemnification coverages(b) | 14 | 8 | ― | |||||||
Duke Energy Ohio | ||||||||||
Corporate governance and shared service expenses(a) | $ | 347 | $ | 358 | $ | 401 | ||||
Indemnification coverages(b) | 15 | 15 | 17 | |||||||
Duke Energy Indiana | ||||||||||
Corporate governance and shared service expenses(a) | $ | 422 | $ | 419 | $ | 415 | ||||
Indemnification coverages(b) | 14 | 8 | 7 | |||||||
(a) | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||||||
(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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. | |||||||||
Derivatives_and_Hedging_Tables
Derivatives and Hedging (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Ohio | Duke Energy | Progress Energy | Duke Energy Progress | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||
Cash flow hedges(a) | $ | 798 | $ | ― | $ | 1,047 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||
Undesignated contracts | 34 | 27 | 290 | 50 | 50 | 27 | 200 | |||||||||||||||||||||||||||||||
Fair value hedges | ― | ― | 250 | ― | ― | 250 | ― | |||||||||||||||||||||||||||||||
Total notional amount | $ | 832 | $ | 27 | $ | 1,587 | $ | 50 | $ | 50 | $ | 277 | $ | 200 | ||||||||||||||||||||||||
(a) | Duke Energy includes amounts related to non-recourse variable rate long-term debt of VIEs of $584 million at December 31, 2013 and $620 million at December 31, 2012. | |||||||||||||||||||||||||||||||||||||
Underlying Notional Amounts for Commodity Derivative Instruments Accounted for at Fair Value | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-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 (Gigawatt-hours)(a) | 71,466 | 1,205 | 925 | 925 | ― | 69,362 | 203 | Electricity (Gigawatt-hours)(a) | 52,104 | 2,028 | 1,850 | 1,850 | ― | 51,215 | 97 | |||||||||||||||||||||||
Natural gas (millions of decatherms) | 636 | ― | 363 | 141 | 222 | 274 | ― | Natural gas (millions of decatherms) | 528 | ― | 348 | 118 | 230 | 180 | ― | |||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(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 | 27 | ― | 7 | ― | ||||||||||||||||||||||||||||||||||
Current liabilities: Other | ― | 18 | ― | 81 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 35 | ||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | 27 | 23 | 9 | 119 | ||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current assets: other | 201 | 158 | 41 | 2 | ||||||||||||||||||||||||||||||||||
Investments and other assets: other | 215 | 131 | 106 | 50 | ||||||||||||||||||||||||||||||||||
Current liabilities: other | 13 | 153 | 106 | 407 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | 5 | 166 | 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 | 434 | 613 | 255 | 798 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 461 | $ | 636 | $ | 264 | $ | 917 | ||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 214 | $ | 233 | $ | 322 | $ | 299 | Gross amounts recognized | $ | 127 | $ | 96 | $ | 402 | $ | 295 | |||||||||||||||||||||
Gross amounts offset | -179 | -138 | -192 | -155 | Gross amounts offset | -114 | -54 | -151 | -90 | |||||||||||||||||||||||||||||
Net amount subject to master netting | 35 | 95 | 130 | 144 | Net amounts subject to master netting | 13 | 42 | 251 | 205 | |||||||||||||||||||||||||||||
Amounts not subject to master netting | ― | 14 | 4 | 11 | Amounts not subject to master netting | 22 | 19 | 166 | 54 | |||||||||||||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 35 | $ | 109 | $ | 134 | $ | 155 | Net amounts recognized on the Consolidated Balance Sheet | $ | 35 | $ | 61 | $ | 417 | $ | 259 | |||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts(a) | $ | 79 | $ | -23 | $ | -88 | ||||||||||||||||||||||||||||||||
Commodity contracts | 1 | 1 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 80 | $ | -22 | $ | -88 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | -2 | $ | 2 | $ | -5 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | -2 | $ | 2 | $ | -5 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings as 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 | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | 11 | $ | -23 | $ | ― | ||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | 43 | 38 | -59 | |||||||||||||||||||||||||||||||||||
Other income and expenses | ― | -2 | ― | |||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power-regulated | -200 | -194 | ― | |||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -100 | 2 | -1 | |||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | -18 | -8 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -264 | $ | -187 | $ | -60 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 10 | $ | -2 | $ | -1 | ||||||||||||||||||||||||||||||||
Regulatory liabilities | 15 | 36 | 17 | |||||||||||||||||||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 55 | 10 | -165 | |||||||||||||||||||||||||||||||||||
Regulatory liabilities | ― | ― | -60 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 80 | $ | 44 | $ | -209 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 525 | $ | 168 | $ | 60 | $ | 108 | $ | 355 | Aggregate fair value amounts of derivative instruments in a net liability position | $ | 466 | $ | 286 | $ | 108 | $ | 178 | $ | 176 | |||||||||||||||||
Fair value of collateral already posted | 135 | 10 | ― | 10 | 125 | 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 | 205 | 158 | 60 | 98 | 47 | 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 | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(in millions) | Receivables | Payables | Receivables | Payables | ||||||||||||||||||||||||||||||||||
Duke Energy | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 30 | $ | ― | $ | 73 | $ | ― | ||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 122 | ― | 93 | ― | ||||||||||||||||||||||||||||||||||
Progress Energy | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 10 | $ | ― | $ | 58 | $ | ― | ||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||
Duke Energy Progress | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | ― | $ | ― | $ | 9 | $ | ― | ||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||
Duke Energy Florida | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 10 | $ | ― | $ | 49 | $ | ― | ||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||
Duke Energy Ohio | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | $ | 19 | ― | $ | 15 | $ | ― | |||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | 115 | $ | ― | 92 | ― | |||||||||||||||||||||||||||||||||
Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||
Amounts offset against net derivative positions | ― | 1 | ― | ― | ||||||||||||||||||||||||||||||||||
Amounts not offset against net derivative positions | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | ― | 1 | ― | 6 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | ― | 1 | ― | 6 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | ― | 2 | ― | 12 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | ― | $ | 2 | $ | ― | $ | 12 | ||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Amounts not subject to master netting | $ | ― | $ | ― | $ | 1 | $ | 1 | Amounts not subject to master netting | $ | ― | $ | ― | $ | 6 | $ | 6 | |||||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 1 | $ | 1 | Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 6 | $ | 6 | |||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Losses on cash flow hedges reclassified at Duke Energy Carolinas during the year ended December 31, 2013 and 2012 were not material. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | -3 | $ | -3 | $ | -5 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | -3 | $ | -3 | $ | -5 | ||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Revenue: Regulated electric | $ | -12 | $ | -12 | $ | ― | ||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -12 | $ | -12 | $ | ― | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | ― | $ | -94 | ||||||||||||||||||||||||||||||||
Regulatory liabilities | ― | ― | -60 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | ― | $ | -154 | ||||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | $ | ― | $ | 1 | $ | ― | $ | 2 | ||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 1 | ||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 5 | ― | 3 | ||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current assets: other | 3 | 2 | 3 | ― | ||||||||||||||||||||||||||||||||||
Investments and other assets: other | 2 | 1 | 8 | ― | ||||||||||||||||||||||||||||||||||
Current liabilities: other | 11 | 105 | ― | 231 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | 4 | 91 | ― | 195 | ||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 11 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 20 | 199 | 11 | 437 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 20 | $ | 204 | $ | 11 | $ | 440 | ||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 15 | $ | 5 | $ | 107 | $ | 93 | Gross amounts recognized | $ | 3 | $ | 8 | $ | 244 | $ | 192 | |||||||||||||||||||||
Gross amounts offset | -13 | -4 | -17 | -10 | Gross amounts offset | ― | ― | -22 | -36 | |||||||||||||||||||||||||||||
Net amount subject to master netting | 2 | 1 | 90 | 83 | Net amounts 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 Consolidated Balance Sheet | $ | 2 | $ | 1 | $ | 90 | $ | 87 | Net amounts recognized on the Consolidated Balance Sheet | $ | 3 | $ | 8 | $ | 222 | $ | 160 | |||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheet where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | 1 | $ | 1 | $ | -3 | ||||||||||||||||||||||||||||||||
Interest rate contracts(a) | ― | -11 | -141 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -10 | $ | -144 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | ― | $ | -14 | $ | -13 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -14 | $ | -13 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities(b) | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -159 | $ | ― | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | -159 | $ | ― | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
(b) | Effective with the merger, Progress Energy no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 11 | $ | -11 | $ | 1 | ||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power | -200 | -454 | -297 | |||||||||||||||||||||||||||||||||||
Other income and expenses, net | ― | 7 | -59 | |||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | -17 | -8 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -206 | $ | -466 | $ | -355 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 10 | $ | -171 | $ | -502 | ||||||||||||||||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 18 | 6 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 28 | $ | -165 | $ | -502 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||
Derivatives Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | $ | ― | $ | 1 | $ | ― | $ | 1 | ||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | ― | ― | ― | 1 | ||||||||||||||||||||||||||||||||||
Total Derivatives Designated as Hedging Instruments | ― | 1 | ― | 2 | ||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Current assets: other | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||
Investments and other assets: other | 2 | 1 | 1 | ― | ||||||||||||||||||||||||||||||||||
Current liabilities: other | 2 | 40 | ― | 85 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 29 | ― | 68 | ||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 11 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 6 | 70 | 2 | 164 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 6 | $ | 71 | $ | 2 | $ | 166 | ||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts are recorded as regulatory assets or liabilities. | |||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 3 | $ | 3 | $ | 41 | $ | 30 | Gross amounts recognized | $ | 1 | $ | 1 | $ | 97 | $ | 69 | |||||||||||||||||||||
Gross amounts offset | -3 | -3 | -3 | -3 | Gross amounts offset | ― | ― | -2 | -7 | |||||||||||||||||||||||||||||
Net amount subject to master netting | ― | ― | 38 | 27 | Net amounts subject to master netting | 1 | 1 | 95 | 62 | |||||||||||||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | ― | $ | ― | $ | 38 | $ | 27 | Net amounts recognized on the Consolidated Balance Sheet | $ | 1 | $ | 1 | $ | 95 | $ | 62 | |||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts(a) | $ | ― | $ | -7 | $ | -70 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | ― | $ | -7 | $ | -70 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | ― | $ | -5 | $ | -7 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -5 | $ | -7 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities(b) | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -117 | $ | ― | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | ― | $ | -117 | $ | ― | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
(b) | Effective with the merger, Duke Energy Progress no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 11 | $ | -11 | $ | 1 | ||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power | -71 | -115 | -60 | |||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | -13 | -6 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -73 | $ | -132 | $ | -59 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -6 | $ | -55 | $ | -140 | ||||||||||||||||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 13 | 6 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 7 | $ | -49 | $ | -140 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(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 | 3 | 2 | 2 | ― | ||||||||||||||||||||||||||||||||||
Investments and other assets: other | ― | ― | 7 | ― | ||||||||||||||||||||||||||||||||||
Current liabilities: other | 9 | 64 | ― | 146 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 63 | ― | 123 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 14 | 129 | 9 | 269 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 14 | $ | 129 | $ | 9 | $ | 270 | ||||||||||||||||||||||||||||||
(a) | Substantially all of these contracts are recorded as regulatory assets or liabilities. | |||||||||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 12 | $ | 2 | $ | 66 | $ | 63 | Gross amounts recognized | $ | 2 | $ | 7 | $ | 147 | $ | 123 | |||||||||||||||||||||
Gross amounts offset | -10 | -2 | -15 | -7 | Gross amounts offset | ― | ― | -20 | -29 | |||||||||||||||||||||||||||||
Net amount subject to master netting | 2 | ― | 51 | 56 | Net amounts subject to master netting | 2 | 7 | 127 | 94 | |||||||||||||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 2 | $ | ― | $ | 51 | $ | 56 | Net amounts recognized on the Consolidated Balance Sheet | $ | 2 | $ | 7 | $ | 127 | $ | 94 | |||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Pretax Gains (Losses) Recorded in AOCI | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | 1 | $ | 1 | $ | -3 | ||||||||||||||||||||||||||||||||
Interest rate contracts(a) | ― | -2 | -35 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recorded in AOCI | $ | 1 | $ | -1 | $ | -38 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | ― | $ | -2 | $ | -1 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | ― | $ | -2 | $ | -1 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets(b) | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | -42 | $ | ― | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI to Regulatory Assets | $ | ― | $ | -42 | $ | ― | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
(b) | Effective with the merger, Duke Energy Florida no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets. | |||||||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power | $ | -129 | $ | -339 | $ | -237 | ||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | -5 | -2 | ― | |||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -134 | $ | -341 | $ | -237 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 16 | $ | -116 | $ | -362 | ||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 5 | ― | ― | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 21 | $ | -116 | $ | -362 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(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 | 186 | 163 | 31 | 4 | ||||||||||||||||||||||||||||||||||
Investments and other assets: other | 202 | 130 | 81 | 51 | ||||||||||||||||||||||||||||||||||
Current liabilities: other | 1 | 36 | 106 | 132 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | 2 | 56 | ― | 4 | ||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | ― | 1 | ― | 1 | ||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities: other | ― | 4 | ― | 7 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 391 | 390 | 218 | 199 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 391 | $ | 390 | $ | 220 | $ | 199 | ||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 186 | $ | 205 | $ | 199 | $ | 186 | Gross amounts recognized | $ | 137 | $ | 81 | $ | 136 | $ | 55 | |||||||||||||||||||||
Gross amounts offset | -165 | -132 | -173 | -143 | Gross amounts offset | -110 | -51 | -125 | -51 | |||||||||||||||||||||||||||||
Net amount subject to master netting | 21 | 73 | 26 | 43 | Net amounts 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 Consolidated Balance Sheet | $ | 21 | $ | 73 | $ | 27 | $ | 47 | Net amounts recognized on the Consolidated Balance Sheet | $ | 29 | $ | 30 | $ | 12 | $ | 11 | |||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Revenue: Nonregulated electric, natural gas and other | $ | 44 | $ | 76 | $ | -26 | ||||||||||||||||||||||||||||||||
Fuel used in electric generation and purchased power - nonregulated | -100 | 2 | -1 | |||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | -1 | -1 | -1 | |||||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | -57 | $ | 77 | $ | -28 | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | 2 | $ | 1 | ||||||||||||||||||||||||||||||||
Regulatory liabilities | ― | -1 | ― | |||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 4 | ― | -4 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 4 | $ | 1 | $ | -3 | ||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||
Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets | ' | ' | ||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||
(in millions) | Asset | Liability | Asset | Liability | ||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Current assets: other | $ | 12 | $ | ― | $ | 10 | $ | ― | ||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Current liabilities: other | ― | ― | ― | 63 | ||||||||||||||||||||||||||||||||||
Total Derivatives Not Designated as Hedging Instruments | 12 | ― | 10 | 63 | ||||||||||||||||||||||||||||||||||
Total Derivatives | $ | 12 | $ | ― | $ | 10 | $ | 63 | ||||||||||||||||||||||||||||||
Offsetting Assets and Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||||||||||||
(in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | (in millions) | Current(a) | Non-Current(b) | Current(c) | Non-Current(d) | |||||||||||||||||||||||||||||
Gross amounts recognized | $ | 12 | $ | ― | $ | ― | $ | ― | Amounts not subject to master netting | $ | 10 | $ | ― | $ | 63 | $ | ― | |||||||||||||||||||||
Gross amounts offset | -1 | ― | ― | ― | Net amounts recognized on the Consolidated Balance Sheet | $ | 10 | $ | ― | $ | 63 | $ | ― | |||||||||||||||||||||||||
Net amount subject to master netting | 11 | ― | ― | ― | ||||||||||||||||||||||||||||||||||
Net amounts recognized on the Consolidated Balance Sheet | $ | 11 | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||
Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income | ' | ' | ||||||||||||||||||||||||||||||||||||
The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI. | ||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings | ||||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||||
Interest expense | $ | 3 | $ | 3 | $ | 2 | ||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings | $ | 3 | $ | 3 | $ | 2 | ||||||||||||||||||||||||||||||||
Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities | ' | ' | ||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized in Earnings | ||||||||||||||||||||||||||||||||||||||
Commodity contracts | ||||||||||||||||||||||||||||||||||||||
Revenue, regulated electric | $ | 1 | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||
Total Pretax (Losses) Gains Recognized in Earnings | $ | 1 | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities | ||||||||||||||||||||||||||||||||||||||
Commodity contracts(a) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | ― | $ | 2 | $ | -2 | ||||||||||||||||||||||||||||||||
Regulatory liabilities | 16 | 35 | 17 | |||||||||||||||||||||||||||||||||||
Interest rate contracts(b) | ||||||||||||||||||||||||||||||||||||||
Regulatory assets | 34 | 4 | -67 | |||||||||||||||||||||||||||||||||||
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities | $ | 50 | $ | 41 | $ | -52 | ||||||||||||||||||||||||||||||||
(a) | Reclassified to earnings to match recovery through the fuel clause. | |||||||||||||||||||||||||||||||||||||
(b) | Reclassified to earnings as interest expense over the term of the related debt. | |||||||||||||||||||||||||||||||||||||
Investments_in_Debt_and_Equity1
Investments in Debt and Equity Securities (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
DUKE ENERGY | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | — | $ | — | $ | 110 | $ | — | $ | — | $ | 105 | |||||||
Equity securities | 1,813 | 10 | 3,579 | 1,132 | 19 | 2,837 | |||||||||||||
Corporate debt securities | 8 | 6 | 400 | 21 | 1 | 338 | |||||||||||||
Municipal bonds | 2 | 6 | 160 | 12 | 1 | 194 | |||||||||||||
U.S. government bonds | 7 | 12 | 730 | 24 | 1 | 625 | |||||||||||||
Other debt securities | 22 | 2 | 154 | 10 | 1 | 164 | |||||||||||||
Total NDTF | 1,852 | 36 | 5,133 | 1,199 | 23 | 4,263 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | — | — | 21 | — | — | 17 | |||||||||||||
Equity securities | 29 | — | 91 | 10 | — | 63 | |||||||||||||
Corporate debt securities | 1 | 1 | 99 | 2 | — | 381 | |||||||||||||
Municipal bonds | 2 | 2 | 79 | 4 | 1 | 70 | |||||||||||||
U.S. government bonds | — | — | 17 | — | — | 23 | |||||||||||||
Other debt securities | — | 8 | 111 | 1 | 6 | 115 | |||||||||||||
Total Other Investments(a) | 32 | 11 | 418 | 17 | 7 | 669 | |||||||||||||
Total Investments | $ | 1,884 | $ | 47 | $ | 5,551 | $ | 1,216 | $ | 30 | $ | 4,932 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 89 | |||||||||||||||||
Due after one through five years | 431 | ||||||||||||||||||
Due after five through 10 years | 426 | ||||||||||||||||||
Due after 10 years | 804 | ||||||||||||||||||
Total | $ | 1,750 | |||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 209 | $ | 117 | $ | 79 | |||||||||||||
Realized losses | 65 | 19 | 37 | ||||||||||||||||
Duke Energy Carolinas [Member] | ' | ||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
DUKE ENERGY CAROLINAS | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 42 | $ | ― | $ | ― | $ | 40 | |||||||
Equity securities | 974 | 6 | 1,964 | 600 | 5 | 1,592 | |||||||||||||
Corporate debt securities | 5 | 5 | 274 | 11 | 1 | 250 | |||||||||||||
Municipal bonds | ― | 2 | 54 | 2 | ― | 40 | |||||||||||||
U.S. government bonds | 3 | 7 | 354 | 10 | ― | 304 | |||||||||||||
Other debt securities | 22 | 2 | 146 | 9 | 2 | 135 | |||||||||||||
Total NDTF | 1,004 | 22 | 2,834 | 632 | 8 | 2,361 | |||||||||||||
Other Investments | |||||||||||||||||||
Other debt securities | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||
Total Other Investments(a) | ― | 1 | 3 | ― | 1 | 3 | |||||||||||||
Total Investments | $ | 1,004 | $ | 23 | $ | 2,837 | $ | 632 | $ | 9 | $ | 2,364 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 18 | |||||||||||||||||
Due after one through five years | 167 | ||||||||||||||||||
Due after five through 10 years | 239 | ||||||||||||||||||
Due after 10 years | 407 | ||||||||||||||||||
Total | $ | 831 | |||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 115 | $ | 89 | $ | 71 | |||||||||||||
Realized losses | 12 | 6 | 35 | ||||||||||||||||
Progress Energy [Member] | ' | ||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
PROGRESS ENERGY | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities for Progress Energy. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 68 | $ | ― | $ | ― | $ | 65 | |||||||
Equity securities | 839 | 4 | 1,615 | 532 | 14 | 1,245 | |||||||||||||
Corporate debt securities | 3 | 1 | 126 | 9 | ― | 89 | |||||||||||||
Municipal bonds | 2 | 4 | 106 | 11 | 1 | 154 | |||||||||||||
U.S. government bonds | 4 | 5 | 376 | 14 | ― | 321 | |||||||||||||
Other debt securities | ― | ― | 8 | 1 | ― | 28 | |||||||||||||
Total NDTF | 848 | 14 | 2,299 | 567 | 15 | 1,902 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 20 | ― | ― | 17 | |||||||||||||
Municipal bonds | 1 | ― | 39 | 3 | ― | 40 | |||||||||||||
Total Other Investments(a) | 1 | ― | 59 | 3 | ― | 57 | |||||||||||||
Total Investments | $ | 849 | $ | 14 | $ | 2,358 | $ | 570 | $ | 15 | $ | 1,959 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 12 | |||||||||||||||||
Due after one through five years | 206 | ||||||||||||||||||
Due after five through 10 years | 131 | ||||||||||||||||||
Due after 10 years | 306 | ||||||||||||||||||
Total | $ | 655 | |||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 90 | $ | 34 | $ | 30 | |||||||||||||
Realized losses | 46 | 18 | 33 | ||||||||||||||||
Duke Energy Progress [Member] | ' | ||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
DUKE ENERGY PROGRESS | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 48 | $ | ― | $ | ― | $ | 55 | |||||||
Equity securities | 535 | 3 | 1,069 | 337 | 11 | 811 | |||||||||||||
Corporate debt securities | 3 | 1 | 80 | 8 | ― | 78 | |||||||||||||
Municipal bonds | 2 | 4 | 104 | 4 | ― | 80 | |||||||||||||
U.S. government bonds | 4 | 3 | 232 | 13 | ― | 241 | |||||||||||||
Other debt securities | ― | ― | 5 | 1 | ― | 10 | |||||||||||||
Total NDTF | 544 | 11 | 1,538 | 363 | 11 | 1,275 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 2 | ― | ― | 3 | |||||||||||||
Total Other Investments(a) | ― | ― | 2 | ― | ― | 3 | |||||||||||||
Total Investments | $ | 544 | $ | 11 | $ | 1,540 | $ | 363 | $ | 11 | $ | 1,278 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 7 | |||||||||||||||||
Due after one through five years | 122 | ||||||||||||||||||
Due after five through 10 years | 89 | ||||||||||||||||||
Due after 10 years | 203 | ||||||||||||||||||
Total | $ | 421 | |||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 58 | $ | 21 | $ | 13 | |||||||||||||
Realized losses | 26 | 8 | 16 | ||||||||||||||||
Duke Energy Florida [Member] | ' | ||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
DUKE ENERGY FLORIDA | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | $ | ― | $ | ― | $ | 20 | $ | ― | $ | ― | $ | 10 | |||||||
Equity securities | 304 | 1 | 546 | 194 | 4 | 434 | |||||||||||||
Corporate debt securities | ― | ― | 46 | 1 | ― | 11 | |||||||||||||
Municipal bonds | ― | ― | 2 | 7 | ― | 74 | |||||||||||||
U.S. government bonds | ― | 2 | 144 | 1 | ― | 80 | |||||||||||||
Other debt securities | ― | ― | 3 | 1 | ― | 18 | |||||||||||||
Total NDTF | 304 | 3 | 761 | 204 | 4 | 627 | |||||||||||||
Other Investments | |||||||||||||||||||
Cash and cash equivalents | ― | ― | 3 | ― | ― | 1 | |||||||||||||
Municipal bonds | 1 | ― | 39 | 3 | ― | 40 | |||||||||||||
Total Other Investments(a) | 1 | ― | 42 | 3 | ― | 41 | |||||||||||||
Total Investments | $ | 305 | $ | 3 | $ | 803 | $ | 207 | $ | 4 | $ | 668 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 5 | |||||||||||||||||
Due after one through five years | 84 | ||||||||||||||||||
Due after five through 10 years | 42 | ||||||||||||||||||
Due after 10 years | 103 | ||||||||||||||||||
Total | $ | 234 | |||||||||||||||||
Schedule of Realized Gain (Loss) | ' | ||||||||||||||||||
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. | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||
Realized gains | $ | 32 | $ | 13 | $ | 17 | |||||||||||||
Realized losses | 20 | 9 | 17 | ||||||||||||||||
Duke Energy Indiana [Member] | ' | ||||||||||||||||||
Schedule of Investments [Line Items] | ' | ||||||||||||||||||
Available-For-Sale Investments | ' | ||||||||||||||||||
DUKE ENERGY INDIANA | |||||||||||||||||||
The following table presents the estimated fair value of investments in available-for-sale securities. | |||||||||||||||||||
31-Dec-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 | |||||||||||||||||||
Cash and cash equivalents | $ | ― | $ | ― | $ | 1 | $ | ― | $ | ― | $ | ― | |||||||
Equity securities | 24 | ― | 65 | 9 | ― | 50 | |||||||||||||
Municipal bonds | ― | 1 | 28 | 1 | ― | 28 | |||||||||||||
Total Other Investments(a) | 24 | 1 | 94 | 10 | ― | 78 | |||||||||||||
Total Investments | $ | 24 | $ | 1 | $ | 94 | $ | 10 | $ | ― | $ | 78 | |||||||
(a) | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||
Schedule of Maturity Dates for Debt Securities | ' | ||||||||||||||||||
The table below summarizes the maturity date for debt securities held by Duke Energy Indiana. | |||||||||||||||||||
(in millions) | 31-Dec-13 | ||||||||||||||||||
Due in one year or less | $ | 1 | |||||||||||||||||
Due after one through five years | 21 | ||||||||||||||||||
Due after five through 10 years | 4 | ||||||||||||||||||
Due after 10 years | 2 | ||||||||||||||||||
Total | $ | 28 | |||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 3,579 | $ | 3,495 | $ | 57 | $ | 27 | Nuclear decommissioning trust fund equity securities | $ | 2,837 | $ | 2,762 | $ | 54 | $ | 21 | ||||||||||||||||||||
Nuclear decommissioning trust fund debt securities | 1,553 | 402 | 1,100 | 51 | Nuclear decommissioning trust fund debt securities | 1,405 | 317 | 1,040 | 48 | ||||||||||||||||||||||||||||
Other trading and available-for-sale equity securities(a) | 102 | 91 | 11 | ― | Other trading and available-for-sale equity securities(a) | 72 | 63 | 9 | ― | ||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities(b) | 333 | 36 | 277 | 20 | Other trading and available-for-sale debt securities(b) | 631 | 40 | 562 | 29 | ||||||||||||||||||||||||||||
Derivative assets(a) | 145 | 33 | 70 | 42 | Derivative assets(a) | 103 | 18 | 22 | 63 | ||||||||||||||||||||||||||||
Total assets | 5,712 | 4,057 | 1,515 | 140 | Total assets | 5,048 | 3,200 | 1,687 | 161 | ||||||||||||||||||||||||||||
Derivative liabilities(c) | -321 | 11 | -303 | -29 | Derivative liabilities(d) | -756 | -17 | -591 | -148 | ||||||||||||||||||||||||||||
Net assets | $ | 5,391 | $ | 4,068 | $ | 1,212 | $ | 111 | Net assets | $ | 4,292 | $ | 3,183 | $ | 1,096 | $ | 13 | ||||||||||||||||||||
(a) | Included in Other within Current Assets and Other within Investments and Other Assets on the Consolidated Balance Sheet. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Investments and Other Assets and Short-term Investments on the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
31-Dec-12 | 31-Dec-11 | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | (in millions) | Investments | Derivatives (net) | Total | (in millions) | Investments | Derivatives (net) | Total | |||||||||||||||||||||||||||||
(in millions) | Investments | Derivatives (net) | Total | Balance at December 31, 2011 | $ | 124 | $ | -39 | $ | 85 | Balance at December 31, 2010 | $ | 165 | $ | -19 | $ | 146 | ||||||||||||||||||||
Balance at December 31, 2012 | $ | 98 | $ | -85 | $ | 13 | Amounts acquired in Progress Energy Merger | ― | -30 | -30 | Total pretax realized or unrealized gains (losses) included in earnings | ― | -14 | -14 | |||||||||||||||||||||||
Total pretax realized or unrealized gains (losses) included in earnings(a) | ― | -42 | -42 | Total pretax realized or unrealized gains (losses) included in earnings | ― | 8 | 8 | Total pretax gains included in other comprehensive income | 12 | ― | 12 | ||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Total pretax gains included in other comprehensive income | 13 | ― | 13 | Net purchases, sales, issuances and settlements: | ||||||||||||||||||||||||||||||||
Purchases | 9 | 21 | 30 | Purchases, sales, issuances and settlements: | Purchases | 8 | 8 | 16 | |||||||||||||||||||||||||||||
Sales | -6 | ― | -6 | Purchases | 14 | 22 | 36 | Sales | -3 | ― | -3 | ||||||||||||||||||||||||||
Issuances | ― | 11 | 11 | Sales | -2 | ― | -2 | Settlements | -16 | -16 | -32 | ||||||||||||||||||||||||||
Settlements | -9 | 25 | 16 | Issuances | ― | -15 | -15 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | -42 | 2 | -40 | ||||||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 6 | -3 | 3 | Settlements | -55 | -32 | -87 | Balance at December 31, 2011 | $ | 124 | $ | -39 | $ | 85 | |||||||||||||||||||||||
Transfers out of Level 3(b) | ― | 86 | 86 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | 1 | 5 | ||||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 98 | $ | 13 | $ | 111 | Balance at December 31, 2012 | $ | 98 | $ | -85 | $ | 13 | ||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | ― | $ | 10 | $ | 10 | |||||||||||||||||||||||||||||||
(a) | Amounts for derivatives are primarily included in Operating Revenues. | ||||||||||||||||||||||||||||||||||||
(b) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||||||||||||||
Schedule of Long-term debt, including current | ' | ' | ' | ||||||||||||||||||||||||||||||||||
OTHER FAIR VALUE DISCLOSURES | |||||||||||||||||||||||||||||||||||||
The fair value and book value of long-term debt, including current maturities, is summarized in the following table. Estimates determined are not necessarily indicative of amounts that could have been settled in current markets. Fair value of long-term debt uses Level 2 measurements. | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
(in millions) | Book Value | Fair Value | Book Value | Fair Value | |||||||||||||||||||||||||||||||||
Duke Energy | $ | 40,256 | $ | 42,592 | $ | 39,461 | $ | 44,001 | |||||||||||||||||||||||||||||
Duke Energy Carolinas | 8,436 | 9,123 | 8,741 | 10,096 | |||||||||||||||||||||||||||||||||
Progress Energy | 14,115 | 15,234 | 14,428 | 16,563 | |||||||||||||||||||||||||||||||||
Duke Energy Progress | 5,235 | 5,323 | 4,840 | 5,277 | |||||||||||||||||||||||||||||||||
Duke Energy Florida | 4,886 | 5,408 | 5,320 | 6,222 | |||||||||||||||||||||||||||||||||
Duke Energy Ohio | 2,188 | 2,237 | 1,997 | 2,117 | |||||||||||||||||||||||||||||||||
Duke Energy Indiana | 3,796 | 4,171 | 3,702 | 4,268 | |||||||||||||||||||||||||||||||||
Quantitative Information Table - Level 3 | ' | ' | ' | ||||||||||||||||||||||||||||||||||
QUANTITATIVE INFORMATION ABOUT UNOBSERVABLE INPUTS | |||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
The following table provides quantitative information about the Duke Energy Registrants' derivatives classified as Level 3. | Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | ||||||||||||||||||||||||||||||||
Duke Energy | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | Natural gas contracts | $ | -53 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 2.33 | $ | 9.99 | ||||||||||||||||||||||||||||
Investment Type | Fair Value (in millions) | Valuation Technique | Unobservable Input | Range | FERC mitigation power sale agreements | -23 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||
Duke Energy | FTRs | 11 | RTO auction pricing | FTR price - per MWh | 23.63 | - | 39.22 | ||||||||||||||||||||||||||||||
Natural gas contracts | $ | -2 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 3.07 | $ | 5.37 | Electricity contracts | -8 | Discounted cash flow | Forward electricity curves - price per MWh | 24.82 | - | 77.96 | ||||||||||||||||||||||
FERC mitigation power sale agreements | -2 | Discounted cash flow | Forward electricity curves - price per MWh | 25.79 | - | 52.38 | Capacity contracts | -3 | Discounted cash flow | Forward capacity curves - price per MW day | 95.16 | - | 105.36 | ||||||||||||||||||||||||
Financial transmission rights (FTRs) | 12 | RTO auction pricing | FTR price - per Megawatt Hour (MWh) | -0.3 | - | 13.8 | Capacity option contracts | 3 | Discounted cash flow | Forward capacity option curves - price per MW day | 4.68 | - | 77.96 | ||||||||||||||||||||||||
Electricity contracts | 23 | Discounted cash flow | Forward electricity curves - price per MWh | 20.77 | - | 58.9 | Reserves | -12 | Bid-ask spreads, implied volatility, probability of default | ||||||||||||||||||||||||||||
Commodity capacity option contracts | 4 | Discounted cash flow | Forward capacity option curves - price per MW day | 30.4 | - | 165.1 | Total Level 3 derivatives | $ | -85 | ||||||||||||||||||||||||||||
Reserves | -22 | Bid-ask spreads, implied volatility, probability of default | Duke Energy Carolinas | ||||||||||||||||||||||||||||||||||
Total Level 3 derivatives | $ | 13 | FERC mitigation power sale agreements | $ | -12 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | ||||||||||||||||||||||||||
Duke Energy Carolinas | Progress Energy | ||||||||||||||||||||||||||||||||||||
FERC mitigation power sale agreements | $ | -2 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 25.79 | $ | 52.38 | Natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||
Duke Energy Ohio | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||||
Electricity contracts | $ | 18 | Discounted cash flow | Forward electricity curves - price per MWh | $ | 20.77 | $ | 58.9 | Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||
Natural gas contracts | -2 | Discounted cash flow | Forward natural gas curves - price per MMBtu | 3.07 | - | 5.37 | Duke Energy Progress | ||||||||||||||||||||||||||||||
Reserves | -20 | Bid-ask spreads, implied volatility, probability of default | Natural gas contracts | $ | -27 | Discounted cash flow | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | ||||||||||||||||||||||||||
Total Level 3 derivatives | $ | -4 | FERC mitigation power sale agreements | -11 | Discounted cash flow | Forward electricity curves - price per MWh | 25.83 | - | 48.69 | ||||||||||||||||||||||||||||
Duke Energy Indiana | Total Level 3 derivatives | $ | -38 | ||||||||||||||||||||||||||||||||||
FTRs | $ | 12 | RTO auction pricing | FTR price - per MWh | $ | -0.3 | $ | 13.8 | Duke Energy Ohio | ||||||||||||||||||||||||||||
FTRs | $ | 1 | RTO auction pricing | FTR price - per MWh | $ | 27.17 | $ | 39.22 | |||||||||||||||||||||||||||||
Electricity contracts | -1 | Discounted cash flow | Forward electricity curves - price per MWh | 25.9 | - | 57.5 | |||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||
FTRs | $ | 10 | RTO auction 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 | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 1,964 | $ | 1,879 | $ | 58 | $ | 27 | Nuclear decommissioning trust fund equity securities | $ | 1,592 | $ | 1,523 | $ | 48 | $ | 21 | ||||||||||||||||||||
Nuclear decommissioning trust fund debt securities | 870 | 168 | 651 | 51 | Nuclear decommissioning trust fund debt securities | 762 | 155 | 559 | 48 | ||||||||||||||||||||||||||||
Other available-for-sale debt securities(a) | 3 | - | - | 3 | Other available-for-sale debt securities(a) | 3 | ― | ― | 3 | ||||||||||||||||||||||||||||
Total assets | 2,837 | 2,047 | 709 | 81 | Total assets | $ | 2,357 | $ | 1,678 | $ | 607 | $ | 72 | ||||||||||||||||||||||||
Derivative liabilities(b) | -2 | ― | ― | -2 | Derivative liabilities(b) | -12 | ― | ― | -12 | ||||||||||||||||||||||||||||
Net assets | $ | 2,835 | $ | 2,047 | $ | 709 | $ | 79 | Net assets | $ | 2,345 | $ | 1,678 | $ | 607 | $ | 60 | ||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheet. | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
31-Dec-12 | 31-Dec-11 | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | Investments | Derivatives (net) | Total | (in millions) | Investments | Derivatives (net) | Total | ||||||||||||||||||||||||||||||
Investments | Derivatives (net) | Total | Balance at December 31, 2011 | $ | 65 | $ | ― | $ | 65 | Balance at December 31, 2010 | $ | 59 | $ | ― | $ | 59 | |||||||||||||||||||||
Balance at December 31, 2012 | $ | 72 | $ | -12 | $ | 60 | Total pretax gains included in comprehensive income | 2 | ― | 2 | Purchases, sales, issuances and settlements: | ||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | Purchases, sales, issuances and settlements: | Purchases | 8 | ― | 8 | ||||||||||||||||||||||||||||||||
Purchases | 9 | ― | 9 | Purchases | 14 | ― | 14 | Sales | -3 | ― | -3 | ||||||||||||||||||||||||||
Sales | -6 | ― | -6 | Issuances | ― | -14 | -14 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 1 | ― | 1 | ||||||||||||||||||||||||||
Settlements | ― | 10 | 10 | Sales | -2 | ― | -2 | Balance at December 31, 2011 | $ | 65 | $ | ― | $ | 65 | |||||||||||||||||||||||
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 6 | ― | 6 | Settlements | -11 | 2 | -9 | ||||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 81 | $ | -2 | $ | 79 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | ― | 4 | |||||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding | $ | ― | $ | -4 | $ | -4 | Balance at December 31, 2012 | $ | 72 | $ | -12 | $ | 60 | ||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 1,615 | $ | 1,615 | $ | ― | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 1,245 | $ | 1,239 | $ | 6 | $ | ― | ||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 677 | 233 | 444 | ― | Nuclear decommissioning trust fund debt securities and other | 643 | 162 | 481 | ― | ||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 58 | 19 | 39 | ― | Other trading and available-for-sale debt securities and other(a) | 57 | 17 | 40 | ― | ||||||||||||||||||||||||||||
Derivative assets(b) | 3 | ― | 3 | ― | Derivative assets(b) | 11 | ― | 11 | ― | ||||||||||||||||||||||||||||
Total assets | 2,353 | 1,867 | 486 | ― | Total assets | 1,956 | 1,418 | 538 | ― | ||||||||||||||||||||||||||||
Derivative liabilities(c) | -187 | ― | -187 | ― | Derivative liabilities(c) | -440 | ― | -402 | -38 | ||||||||||||||||||||||||||||
Net assets | $ | 2,166 | $ | 1,867 | $ | 299 | $ | ― | Net assets | $ | 1,516 | $ | 1,418 | $ | 136 | $ | -38 | ||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | $ | -36 | |||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains included in earnings | ― | 1 | ― | ||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||
Issuances | 10 | -16 | ― | ||||||||||||||||||||||||||||||||||
Settlements | ― | 4 | ― | ||||||||||||||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -3 | -21 | ||||||||||||||||||||||||||||||||||
Transfers out of Level 3(a) | 34 | ― | 33 | ||||||||||||||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -38 | $ | -24 | |||||||||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding | $ | 11 | |||||||||||||||||||||||||||||||||||
(a) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 1,069 | $ | 1,069 | $ | ― | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 811 | $ | 811 | $ | ― | $ | ― | ||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 470 | 137 | 333 | ― | Nuclear decommissioning trust fund debt securities and other | 448 | 119 | 329 | ― | ||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 3 | 3 | ― | ― | Other trading and available-for-sale debt securities and other(a) | 3 | 3 | ― | ― | ||||||||||||||||||||||||||||
Derivative assets(b) | 1 | ― | 1 | ― | Derivative assets(b) | 2 | ― | 2 | ― | ||||||||||||||||||||||||||||
Total assets | 1,543 | 1,209 | 334 | ― | Total assets | 1,264 | 933 | 331 | ― | ||||||||||||||||||||||||||||
Derivative liabilities(c) | -66 | ― | -66 | ― | Derivative liabilities(c) | -166 | ― | -128 | -38 | ||||||||||||||||||||||||||||
Net assets | $ | 1,477 | $ | 1,209 | $ | 268 | $ | ― | Net assets | $ | 1,098 | $ | 933 | $ | 203 | $ | -38 | ||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -38 | $ | -24 | $ | -36 | |||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains included in earnings | ― | 1 | ― | ||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||
Issuances | 10 | -16 | ― | ||||||||||||||||||||||||||||||||||
Settlements | ― | 4 | ― | ||||||||||||||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | -6 | -3 | -20 | ||||||||||||||||||||||||||||||||||
Transfers out of Level 3(a) | 34 | ― | 32 | ||||||||||||||||||||||||||||||||||
Balance at end of period | $ | ― | $ | -38 | $ | -24 | |||||||||||||||||||||||||||||||
Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding | $ | 11 | |||||||||||||||||||||||||||||||||||
(a) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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 | $ | 546 | $ | 546 | $ | ― | $ | ― | Nuclear decommissioning trust fund equity securities | $ | 435 | $ | 429 | $ | 6 | $ | ― | ||||||||||||||||||||
Nuclear decommissioning trust fund debt securities and other | 214 | 96 | 118 | ― | Nuclear decommissioning trust fund debt securities and other | 194 | 43 | 151 | ― | ||||||||||||||||||||||||||||
Other trading and available-for-sale debt securities and other(a) | 40 | 2 | 38 | ― | Other trading and available-for-sale debt securities and other(a) | 43 | 3 | 40 | ― | ||||||||||||||||||||||||||||
Derivative assets(b) | 1 | ― | 1 | ― | Derivative assets(b) | 9 | ― | 9 | ― | ||||||||||||||||||||||||||||
Total assets | 801 | 644 | 157 | ― | Total assets | 681 | 475 | 206 | ― | ||||||||||||||||||||||||||||
Derivative liabilities(c) | -116 | ― | -116 | ― | Derivative liabilities(c) | -270 | ― | -270 | ― | ||||||||||||||||||||||||||||
Net assets | $ | 685 | $ | 644 | $ | 41 | $ | ― | Net assets | $ | 411 | $ | 475 | $ | -64 | $ | ― | ||||||||||||||||||||
(a) | Included in Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets | ||||||||||||||||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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) | $ | 96 | $ | 50 | $ | 21 | $ | 25 | Derivative assets(a) | $ | 59 | $ | 48 | $ | 2 | $ | 9 | ||||||||||||||||||||
Derivative liabilities(b) | -95 | -1 | -65 | -29 | Derivative liabilities(b) | -38 | -15 | -8 | -15 | ||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 1 | $ | 49 | $ | -44 | $ | -4 | Net assets (liabilities) | $ | 21 | $ | 33 | $ | -6 | $ | -6 | ||||||||||||||||||||
(a) | Included in Other within Current Assets and Other within Investments and Other Assets in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | -6 | $ | -3 | $ | 13 | |||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains included in earnings(a) | -42 | -3 | -4 | ||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||
Purchases | 1 | ― | ― | ||||||||||||||||||||||||||||||||||
Settlements | ― | 1 | -14 | ||||||||||||||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | ― | -1 | 2 | ||||||||||||||||||||||||||||||||||
Transfers out of Level 3(b) | 43 | ― | ― | ||||||||||||||||||||||||||||||||||
Balance at end of period | $ | -4 | $ | -6 | $ | -3 | |||||||||||||||||||||||||||||||
(a) | Amounts for derivative are primarily included in Operating Revenues. | ||||||||||||||||||||||||||||||||||||
(b) | Transfers reflect derivative contracts becoming observable due to the passage of time. | ||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||
31-Dec-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) | $ | 65 | $ | 65 | $ | ― | $ | ― | Available-for-sale equity securities(a) | $ | 49 | $ | 49 | $ | ― | $ | ― | ||||||||||||||||||||
Available-for-sale debt securities(a) | 29 | ― | 29 | ― | Available-for-sale debt securities(a) | 29 | ― | 29 | ― | ||||||||||||||||||||||||||||
Derivative assets(b) | 12 | ― | ― | 12 | Derivative assets(b) | 10 | ― | ― | 10 | ||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 106 | $ | 65 | $ | 29 | $ | 12 | 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 Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(b) | Included in Other within Current Assets on the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
(c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ||||||||||||||||||||||||||||||||||
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements. | |||||||||||||||||||||||||||||||||||||
Derivatives (net) | |||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 10 | $ | 4 | $ | 4 | |||||||||||||||||||||||||||||||
Total pretax realized or unrealized gains included in earnings(a) | 8 | 36 | 14 | ||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements: | |||||||||||||||||||||||||||||||||||||
Purchases | 20 | ― | 8 | ||||||||||||||||||||||||||||||||||
Sales | ― | 22 | ― | ||||||||||||||||||||||||||||||||||
Settlements | -30 | -52 | -21 | ||||||||||||||||||||||||||||||||||
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities | 4 | ― | -1 | ||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 12 | $ | 10 | $ | 4 | |||||||||||||||||||||||||||||||
(a) | Amounts in derivatives are primarily included in Operating Revenues. | ||||||||||||||||||||||||||||||||||||
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | |||||||||||||||||||||||||||||||||||||||||
Schedule Of Consolidated VIEs | ' | ' | |||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | DERF(a) | DEPR(b) | CRC | CinCapV | Renewables | Other | Total | (in millions) | DERF(a) | CRC | CinCapV | Renewables | Other | Total | |||||||||||||||||||||||||||||
ASSETS | ASSETS | ||||||||||||||||||||||||||||||||||||||||||
Current Assets | Current Assets | ||||||||||||||||||||||||||||||||||||||||||
Restricted receivables of variable interest entities | $ | 673 | $ | 416 | $ | 595 | $ | 17 | $ | 18 | $ | ― | $ | 1,719 | Restricted receivables of variable interest entities | $ | 637 | $ | 534 | $ | 15 | $ | 16 | $ | -1 | $ | 1,201 | ||||||||||||||||
Other | ― | ― | ― | 10 | 89 | 2 | 101 | Other | ― | ― | 4 | 133 | 2 | 139 | |||||||||||||||||||||||||||||
Investments and Other Assets | Investments and Other Assets | ||||||||||||||||||||||||||||||||||||||||||
Other | ― | ― | ― | 51 | 29 | ― | 80 | Other | ― | ― | 62 | 14 | 2 | 78 | |||||||||||||||||||||||||||||
Property, Plant and Equipment | Property, Plant and Equipment | ||||||||||||||||||||||||||||||||||||||||||
Property, plant and equipment, cost(c) | ― | ― | ― | ― | 1,662 | 18 | 1,680 | Property, plant and equipment, cost(b) | ― | ― | ― | 1,543 | 15 | 1,558 | |||||||||||||||||||||||||||||
Accumulated depreciation and amortization | ― | ― | ― | ― | -170 | -5 | -175 | Accumulated depreciation and amortization | ― | ― | ― | -98 | -5 | -103 | |||||||||||||||||||||||||||||
Regulatory Assets and Deferred Debits | Regulatory Assets and Deferred Debits | ||||||||||||||||||||||||||||||||||||||||||
Other | 1 | 1 | ― | ― | 34 | ― | 36 | Other | ― | ― | ― | 40 | ― | 40 | |||||||||||||||||||||||||||||
Total assets | 674 | 417 | 595 | 78 | 1,662 | 15 | 3,441 | Total assets | 637 | 534 | 81 | 1,648 | 13 | 2,913 | |||||||||||||||||||||||||||||
LIABILITIES AND EQUITY | LIABILITIES AND EQUITY | ||||||||||||||||||||||||||||||||||||||||||
Current Liabilities | Current Liabilities | ||||||||||||||||||||||||||||||||||||||||||
Accounts payable | ― | ― | ― | ― | 2 | ― | 2 | Accounts payable | ― | ― | ― | 1 | ― | 1 | |||||||||||||||||||||||||||||
Taxes accrued | ― | ― | ― | ― | 10 | ― | 10 | Notes payable and commercial paper | ― | 312 | ― | ― | ― | 312 | |||||||||||||||||||||||||||||
Current maturities of long-term debt | ― | ― | ― | 14 | 66 | ― | 80 | Taxes accrued | ― | ― | ― | 62 | ― | 62 | |||||||||||||||||||||||||||||
Other | ― | ― | ― | 10 | 17 | ― | 27 | Current maturities of long-term debt | ― | ― | 13 | 459 | ― | 472 | |||||||||||||||||||||||||||||
Long-term Debt(d) | 400 | 300 | 325 | 34 | 907 | ― | 1,966 | Other | ― | ― | 4 | 25 | ― | 29 | |||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities | Long-term Debt(c) | 300 | ― | 48 | 504 | ― | 852 | ||||||||||||||||||||||||||||||||||||
Other | 1 | ― | ― | 13 | 333 | ― | 347 | Deferred Credits and Other Liabilities | |||||||||||||||||||||||||||||||||||
Total liabilities | 401 | 300 | 325 | 71 | 1,335 | ― | 2,432 | Deferred income taxes | ― | ― | ― | 154 | ― | 154 | |||||||||||||||||||||||||||||
Net assets of consolidated variable interest entities | $ | 273 | $ | 117 | $ | 270 | $ | 7 | $ | 327 | $ | 15 | $ | 1,009 | Asset retirement obligation | ― | ― | ― | 23 | ― | 23 | ||||||||||||||||||||||
Other | ― | ― | 10 | 39 | ― | 49 | |||||||||||||||||||||||||||||||||||||
(a) | DERF is consolidated by Duke Energy Carolinas and Duke Energy. | Total liabilities | 300 | 312 | 75 | 1,267 | ― | 1,954 | |||||||||||||||||||||||||||||||||||
(b) | DEPR is consolidated by Duke Energy Progress and Duke Energy. | Net assets of consolidated variable interest entities | $ | 337 | $ | 222 | $ | 6 | $ | 381 | $ | 13 | $ | 959 | |||||||||||||||||||||||||||||
(c) | Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||||||||||||
(d) | Non-recourse to the general assets of Duke Energy. | (a) | DERF is consolidated by Duke Energy Carolinas and Duke Energy. | ||||||||||||||||||||||||||||||||||||||||
(b) | Restricted as collateral for non-recourse debt of VIEs. | ||||||||||||||||||||||||||||||||||||||||||
(c) | Non-recourse to the general assets of Duke Energy. | ||||||||||||||||||||||||||||||||||||||||||
Schedule Of Non-Consolidated VIEs | ' | ' | |||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Duke Energy | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | Renewables | Other | Total | Duke Energy Ohio(a) | Duke Energy Indiana(b) | (in millions) | DukeNet | Renewables | FPC Capital I Trust(c) | Other | Total | Duke Energy Ohio(a) | Duke Energy Indiana(b) | ||||||||||||||||||||||||||||||
Receivables | $ | ― | $ | ― | $ | ― | $ | 114 | $ | 143 | Receivables | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | 97 | $ | 116 | ||||||||||||||||||
Investments in equity method unconsolidated affiliates | 153 | 60 | 213 | ― | ― | Investments in equity method unconsolidated affiliates | 118 | 147 | ― | 27 | 292 | ― | ― | ||||||||||||||||||||||||||||||
Intangibles | ― | 96 | 96 | 96 | ― | Intangibles | ― | ― | ― | 104 | 104 | 104 | ― | ||||||||||||||||||||||||||||||
Investments and other assets | ― | 4 | 4 | ― | ― | Investments and other assets | ― | ― | 9 | 2 | 11 | ― | |||||||||||||||||||||||||||||||
Total assets | 153 | 160 | 313 | 210 | 143 | Total assets | 118 | 147 | 9 | 133 | 407 | 201 | 116 | ||||||||||||||||||||||||||||||
Other current liabilities | ― | 3 | 3 | ― | ― | Other current liabilities | ― | ― | ― | 3 | 3 | ― | ― | ||||||||||||||||||||||||||||||
Deferred credits and other liabilities | ― | 15 | 15 | ― | ― | Deferred credits and other liabilities | ― | ― | 319 | 17 | 336 | ― | ― | ||||||||||||||||||||||||||||||
Total liabilities | ― | 18 | 18 | ― | ― | Total liabilities | ― | ― | 319 | 20 | 339 | ― | ― | ||||||||||||||||||||||||||||||
Net assets | $ | 153 | $ | 142 | $ | 295 | $ | 210 | $ | 143 | Net assets (liabilities) | $ | 118 | $ | 147 | $ | -310 | $ | 113 | $ | 68 | $ | 201 | $ | 116 | ||||||||||||||||||
(a) | Reflects OVEC and retained interest in CRC. | (a) | Reflects OVEC and retained interest in CRC. | ||||||||||||||||||||||||||||||||||||||||
(b) | Reflects retained interest in CRC. | (b) | Reflects retained interest in CRC. | ||||||||||||||||||||||||||||||||||||||||
(c) | 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] | ' | ' | |||||||||||||||||||||||||||||||||||||||||
CRC Fair Value Assumptions | ' | ' | |||||||||||||||||||||||||||||||||||||||||
Key assumptions used in estimating the fair value in 2013 and 2012 is 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 | % | |||||||||||||||||||||||||||||||||||
CRC Receivables Sold | ' | ' | |||||||||||||||||||||||||||||||||||||||||
The following table shows the gross and net receivables sold. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 290 | $ | 282 | $ | 340 | $ | 289 | |||||||||||||||||||||||||||||||||||
Less: Retained interests | 114 | 97 | 143 | 116 | |||||||||||||||||||||||||||||||||||||||
Net receivables sold | $ | 176 | $ | 185 | $ | 197 | $ | 173 | |||||||||||||||||||||||||||||||||||
CRC Sales and Cash Flows | ' | ' | |||||||||||||||||||||||||||||||||||||||||
The following tables show sales and cash flows related to receivables sold. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 2,251 | $ | 2,154 | $ | 2,390 | $ | 2,985 | $ | 2,773 | $ | 2,658 | |||||||||||||||||||||||||||||||
Loss recognized on sale | 12 | 13 | 21 | 11 | 12 | 16 | |||||||||||||||||||||||||||||||||||||
Cash Flows | |||||||||||||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 2,220 | 2,172 | 2,474 | 2,944 | 2,784 | 2,674 | |||||||||||||||||||||||||||||||||||||
Collection fees received | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||
Return received on retained interests | 5 | 5 | 12 | 6 | 7 | 13 | |||||||||||||||||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | |||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | |||||||||||||||||||||||||||||||||||||||||
CRC Fair Value Assumptions | ' | ' | |||||||||||||||||||||||||||||||||||||||||
Key assumptions used in estimating the fair value in 2013 and 2012 is 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 | % | |||||||||||||||||||||||||||||||||||
CRC Receivables Sold | ' | ' | |||||||||||||||||||||||||||||||||||||||||
The following table shows the gross and net receivables sold. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 290 | $ | 282 | $ | 340 | $ | 289 | |||||||||||||||||||||||||||||||||||
Less: Retained interests | 114 | 97 | 143 | 116 | |||||||||||||||||||||||||||||||||||||||
Net receivables sold | $ | 176 | $ | 185 | $ | 197 | $ | 173 | |||||||||||||||||||||||||||||||||||
CRC Sales and Cash Flows | ' | ' | |||||||||||||||||||||||||||||||||||||||||
The following tables show sales and cash flows related to receivables sold. | |||||||||||||||||||||||||||||||||||||||||||
Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||||||||||||||||||||
Receivables sold | $ | 2,251 | $ | 2,154 | $ | 2,390 | $ | 2,985 | $ | 2,773 | $ | 2,658 | |||||||||||||||||||||||||||||||
Loss recognized on sale | 12 | 13 | 21 | 11 | 12 | 16 | |||||||||||||||||||||||||||||||||||||
Cash Flows | |||||||||||||||||||||||||||||||||||||||||||
Cash proceeds from receivables sold | 2,220 | 2,172 | 2,474 | 2,944 | 2,784 | 2,674 | |||||||||||||||||||||||||||||||||||||
Collection fees received | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||
Return received on retained interests | 5 | 5 | 12 | 6 | 7 | 13 | |||||||||||||||||||||||||||||||||||||
Common_Stock_Tables
Common Stock (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||||||||||||||||||||
Earnings Per Share [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||
Schedule Of Earnings Per Share | ' | ' | ' | |||||||||||||||||||||||||||
(In millions, except per-share amounts) | Income | Average Shares | EPS | 2012 | 2011 | |||||||||||||||||||||||||
2013 | Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic | $ | 1,727 | 574 | $ | 3.01 | Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 1,702 | 444 | $ | 3.83 | ||||||||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted | $ | 2,640 | 706 | $ | 3.74 | Effect of dilutive securities: | ||||||||||||||||||||||||
Stock options, performance and restricted stock | 1 | |||||||||||||||||||||||||||||
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — diluted | $ | 1,727 | 575 | $ | 3.01 | |||||||||||||||||||||||||
Severance_Tables
Severance (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||||
Schedule of Severance Liability | ' | |||||||||||||
(in millions) | Balance at December 31, 2012 | Provision / Adjustments | Cash Reductions | Balance at December 31, 2013 | ||||||||||
Duke Energy | $ | 135 | $ | 52 | $ | -123 | $ | 64 | ||||||
Duke Energy Carolinas | 12 | 6 | -13 | 5 | ||||||||||
Progress Energy | 43 | 49 | -48 | 44 | ||||||||||
Duke Energy Progress | 23 | 8 | -20 | 11 | ||||||||||
Duke Energy Florida | 6 | 31 | -13 | 24 | ||||||||||
Schedule of Severance Expense | ' | |||||||||||||
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 Consolidated Statements of Operations. The Duke Energy Registrants recorded insignificant amounts for severance expense during 2011 for past and ongoing severance plans. | ||||||||||||||
Years Ended December 31, | ||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||
Duke Energy(a) | $ | 34 | $ | 201 | ||||||||||
Duke Energy Carolinas | 8 | 63 | ||||||||||||
Progress Energy | 19 | 82 | ||||||||||||
Duke Energy Progress | 14 | 55 | ||||||||||||
Duke Energy Florida | 5 | 27 | ||||||||||||
Duke Energy Ohio | 2 | 21 | ||||||||||||
Duke Energy Indiana | 2 | 18 | ||||||||||||
(a) | Includes $5 million and $14 million of accelerated stock award expense and $2 million and $19 million of COBRA and healthcare reimbursement expenses for 2013 and 2012, respectively. | |||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||
Schedule Of Total Stock-Based Compensation Expense, net of tax | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Duke Energy | $ | 52 | $ | 48 | $ | 32 | |||||||
Duke Energy Carolinas | 13 | 12 | 17 | ||||||||||
Progress Energy | 23 | 25 | 20 | ||||||||||
Duke Energy Progress | 14 | 16 | 12 | ||||||||||
Duke Energy Florida | 9 | 9 | 8 | ||||||||||
Duke Energy Ohio | 4 | 4 | 6 | ||||||||||
Duke Energy Indiana | 4 | 4 | 4 | ||||||||||
Schedule Of Stock-Based Compensation Expense | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Stock options | $ | 2 | $ | 2 | $ | 2 | |||||||
Restricted stock unit awards | 49 | 43 | 27 | ||||||||||
Performance awards | 34 | 33 | 23 | ||||||||||
Pretax stock-based compensation cost | $ | 85 | $ | 78 | $ | 52 | |||||||
Tax benefit associated with stock-based compensation expense | $ | 33 | $ | 30 | $ | 20 | |||||||
Stock-based compensation costs capitalized | 3 | 2 | 2 | ||||||||||
Schedule of Share-based Compensation, Stock Options, Activity | ' | ||||||||||||
STOCK OPTIONS | |||||||||||||
The following table summarizes information about stock options outstanding. | |||||||||||||
Options (in thousands) | Weighted-Average Exercise Price | Weighted-Average Remaining Life | Aggregate Intrinsic Value (in millions) | ||||||||||
Outstanding at December 31, 2012 | 1,654 | $ | 51 | ||||||||||
Granted | 310 | 69 | |||||||||||
Exercised | -1,162 | 48 | |||||||||||
Forfeited or expired | -9 | 41 | |||||||||||
Outstanding at December 31, 2013 | 793 | 61 | 7y, 3m | $ | 6 | ||||||||
Exercisable at December 31, 2013 | 137 | 46 | 1y, 5m | 3 | |||||||||
Options expected to vest | 656 | 64 | 8y, 5m | 3 | |||||||||
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Exercises | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||
Intrinsic value of options exercised | $ | 26 | $ | 17 | $ | 26 | |||||||
Tax benefit related to options exercised | 10 | 7 | 10 | ||||||||||
Cash received from options exercised | 9 | 21 | 74 | ||||||||||
Stock options granted (in thousands) | 310 | 340 | 358 | ||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | ' | ||||||||||||
The following assumptions were used to determine the grant date fair value of stock options granted in 2013. | |||||||||||||
Risk-free interest rate(a) | 1 | % | |||||||||||
Expected dividend yield(b) | 4.7 | % | |||||||||||
Expected life(c) | 6 years | ||||||||||||
Expected volatility(d) | 18.1 | % | |||||||||||
(a) | The risk-free rate is based upon the average of five-year and seven-year U.S. Treasury Constant Maturity rates as of the grant date. | ||||||||||||
(b) | The expected dividend yield is based upon the most recent annualized dividend and the one-year average closing stock price. | ||||||||||||
(c) | The expected life of options is derived from the simplified method approach. | ||||||||||||
(d) | Volatility is based equally between historical and implied volatility. Historic volatility is based on Duke Energy's historical volatility over the expected life using daily stock prices. Implied volatility is the average for all option contracts with a term greater than six months using the strike price closest to the stock price on the valuation date. | ||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Awarded Activity | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Shares awarded (in thousands) | 612 | 443 | 636 | ||||||||||
Fair value (in millions)(a) | $ | 42 | $ | 28 | $ | 34 | |||||||
(a) | Based on the market price of Duke Energy's common stock at the grant date. | ||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | ' | ||||||||||||
The following table summarizes information about restricted stock unit awards outstanding. | |||||||||||||
Shares (in thousands) | Weighted-Average Per Share Grant Date Fair Value | ||||||||||||
Outstanding at December 31, 2012 | 1,607 | $ | 64 | ||||||||||
Granted | 612 | 69 | |||||||||||
Vested | -794 | 63 | |||||||||||
Forfeited | -25 | 68 | |||||||||||
Outstanding at December 31, 2013 | 1,400 | 66 | |||||||||||
Restricted stock unit awards expected to vest | 1,365 | 66 | |||||||||||
Schedule of Performance Awards | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Shares awarded (in thousands) | 633 | 352 | 432 | ||||||||||
Fair value (in millions) | $ | 28 | $ | 19 | $ | 20 | |||||||
Schedule of Nonvested Performance-based Units Activity | ' | ||||||||||||
The following table summarizes information about stock-based performance awards outstanding at the maximum level. | |||||||||||||
Shares (in thousands) | Weighted-Average Per Share Grant Date Fair Value | ||||||||||||
Outstanding at December 31, 2012 | 2,346 | $ | 47 | ||||||||||
Granted | 633 | 45 | |||||||||||
Vested | -858 | 49 | |||||||||||
Forfeited | -299 | 46 | |||||||||||
Outstanding at December 31, 2013 | 1,822 | 46 | |||||||||||
Stock-based performance awards expected to vest | 1,646 | 47 | |||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension Plan Contributions | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anticipated Contributions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | $ | 143 | $ | 42 | $ | 51 | $ | 21 | $ | 21 | $ | 4 | $ | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Contributions Made: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | $ | 250 | $ | — | $ | 250 | $ | 63 | $ | 133 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | 304 | — | 346 | 141 | 128 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2011 | 200 | 33 | 334 | 217 | 112 | 48 | 52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee Savings Plan Matching Contributions | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | $ | 134 | $ | 45 | $ | 45 | $ | 25 | $ | 14 | $ | 3 | $ | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | 107 | 37 | 45 | 24 | 15 | 4 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2011 | 86 | 37 | 44 | 23 | 14 | 4 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Qualified Pension Plans [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Service cost | $ | 122 | $ | 35 | $ | 63 | $ | 25 | $ | 30 | $ | 6 | $ | 9 | Service cost | $ | 96 | $ | 37 | $ | 51 | $ | 20 | $ | 24 | $ | 7 | $ | 11 | ||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Interest cost on projected benefit obligation | 307 | 90 | 127 | 58 | 56 | 31 | 30 | Interest cost on projected benefit obligation | 232 | 85 | 132 | 61 | 57 | 32 | 30 | |||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 167 | $ | 49 | $ | 60 | $ | 22 | $ | 30 | $ | 6 | $ | 11 | Expected return on plan assets | -472 | -146 | -188 | -96 | -81 | -45 | -46 | Expected return on plan assets | -384 | -150 | -182 | -91 | -78 | -44 | -45 | ||||||||||||||||||||||||||||||||||||
Interest cost on projected benefit obligation | 320 | 80 | 116 | 50 | 53 | 21 | 28 | Amortization of actuarial loss | 144 | 45 | 93 | 37 | 48 | 10 | 15 | Amortization of actuarial loss | 77 | 37 | 66 | 25 | 33 | 7 | 14 | |||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -549 | -148 | -199 | -94 | -87 | -31 | -46 | Amortization of prior service cost (credit) | 10 | 1 | 9 | 8 | -1 | 1 | 1 | Amortization of prior service cost | 6 | 1 | 7 | 6 | ― | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 244 | 60 | 101 | 46 | 49 | 13 | 24 | Other | 6 | 2 | 2 | 1 | 1 | ― | ― | Other | 18 | 7 | ― | ― | ― | 2 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service (credit) cost | -11 | -6 | -4 | -1 | -2 | ― | 1 | Net periodic pension costs(a)(b) | $ | 117 | $ | 27 | $ | 106 | $ | 33 | $ | 53 | $ | 3 | $ | 9 | Net periodic pension costs(a)(b) | $ | 45 | $ | 17 | $ | 74 | $ | 21 | $ | 36 | $ | 5 | $ | 14 | |||||||||||||||||||||||||||||
Other | 7 | 2 | 2 | 1 | 1 | ― | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs(a)(b) | $ | 178 | $ | 37 | $ | 76 | $ | 24 | $ | 44 | $ | 9 | $ | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts Recognized in AOCI and Regulatory Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets, net decrease | $ | -788 | $ | -205 | $ | -253 | $ | -109 | $ | -146 | $ | -96 | $ | -99 | Regulatory assets, net increase (decrease) | $ | 976 | $ | -111 | $ | -76 | $ | -89 | $ | 23 | $ | 22 | $ | 17 | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax benefit | $ | 18 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax benefit | $ | 14 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 15 | $ | ― | |||||||||||||||||||||||||||||||||||||
Actuarial gains arising during the year | -33 | ― | -2 | ― | ― | ― | ― | Reclassification of actuarial losses to an affiliate | ― | ― | ― | ― | ― | -48 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Prior year service credit arising during the year | -1 | ― | ― | ― | ― | ― | ― | Actuarial (gains) losses arising during the year | -2 | ― | 3 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior year actuarial losses | -15 | ― | -3 | ― | ― | ― | ― | Prior year service credit arising during the year | -7 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification of actuarial losses to regulatory assets | 3 | ― | ― | ― | ― | ― | ― | Amortization of prior year actuarial losses | -13 | ― | -2 | ― | ― | -3 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -28 | $ | ― | $ | -5 | $ | ― | $ | ― | $ | ― | $ | ― | Reclassification of actuarial losses to regulatory assets | -20 | ― | ― | ― | ― | -1 | ― | ||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior year service cost | -1 | ― | -1 | ― | ― | -1 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -29 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -38 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of Funded Status to Net Amount Recognized | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Change in Projected Benefit Obligation | Change in Projected Benefit Obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation at prior measurement date | $ | 8,030 | $ | 2,028 | $ | 2,868 | $ | 1,264 | $ | 1,309 | $ | 527 | $ | 684 | Obligation at prior measurement date | $ | 4,880 | $ | 1,831 | $ | 2,729 | $ | 1,263 | $ | 1,179 | $ | 627 | $ | 613 | |||||||||||||||||||||||||||||||||||||
Service cost | 167 | 49 | 60 | 22 | 30 | 6 | 11 | Obligation assumed from acquisition | 2,850 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost | 320 | 80 | 116 | 50 | 53 | 21 | 28 | Service cost | 122 | 35 | 63 | 25 | 30 | 6 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Actuarial gains | -399 | -73 | -118 | -26 | -75 | -71 | -56 | Interest cost | 307 | 90 | 127 | 58 | 56 | 31 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers | ― | -26 | -7 | -45 | -17 | -2 | -2 | Actuarial losses | 489 | 73 | 166 | 34 | 120 | 68 | 76 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan amendments | -41 | -13 | -19 | -8 | -7 | ― | ― | Transfers | ― | 176 | ― | ― | ― | -167 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Benefits paid | -567 | -170 | -161 | -85 | -60 | -39 | -33 | Plan amendments | -170 | -52 | -64 | -43 | -10 | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation at measurement date | $ | 7,510 | $ | 1,875 | $ | 2,739 | $ | 1,172 | $ | 1,233 | $ | 442 | $ | 632 | Benefits paid | -448 | -125 | -153 | -73 | -66 | -38 | -43 | ||||||||||||||||||||||||||||||||||||||||||||
Accumulated Benefit Obligation at measurement date | $ | 7,361 | $ | 1,875 | $ | 2,698 | $ | 1,172 | $ | 1,192 | $ | 429 | $ | 608 | Obligation at measurement date | $ | 8,030 | $ | 2,028 | $ | 2,868 | $ | 1,264 | $ | 1,309 | $ | 527 | $ | 684 | |||||||||||||||||||||||||||||||||||||
Change in Fair Value of Plan Assets | Accumulated Benefit Obligation at measurement date | $ | 7,843 | $ | 2,028 | $ | 2,820 | $ | 1,264 | $ | 1,261 | $ | 501 | $ | 653 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at prior measurement date | $ | 7,754 | $ | 2,151 | $ | 2,647 | $ | 1,289 | $ | 1,150 | $ | 446 | $ | 627 | Change in Fair Value of Plan Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||
Actual return on plan assets | 705 | 207 | 215 | 108 | 93 | 43 | 62 | Plan assets at prior measurement date | $ | 4,741 | $ | 1,820 | $ | 2,191 | $ | 1,091 | $ | 969 | $ | 565 | $ | 582 | ||||||||||||||||||||||||||||||||||||||||||||
Benefits paid | -567 | -170 | -161 | -85 | -60 | -39 | -33 | Assets received from acquisition | 2,285 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers | ― | -26 | -7 | -45 | -17 | -2 | -2 | Actual return on plan assets | 872 | 280 | 263 | 130 | 119 | 86 | 88 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Employer contributions | 250 | ― | 250 | 63 | 133 | ― | ― | Benefits paid | -448 | -125 | -153 | -73 | -66 | -38 | -43 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at measurement date | $ | 8,142 | $ | 2,162 | $ | 2,944 | $ | 1,330 | $ | 1,299 | $ | 448 | $ | 654 | Transfers | ― | 176 | ― | ― | ― | -167 | ― | ||||||||||||||||||||||||||||||||||||||||||||
Funded status of plan | $ | 632 | $ | 287 | $ | 205 | $ | 158 | $ | 66 | $ | 6 | $ | 22 | Employer contributions | 304 | ― | 346 | 141 | 128 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||
Plan assets at measurement date | $ | 7,754 | $ | 2,151 | $ | 2,647 | $ | 1,289 | $ | 1,150 | $ | 446 | $ | 627 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Funded status of plan | $ | -276 | $ | 123 | $ | -221 | $ | 25 | $ | -159 | $ | -81 | $ | -57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts Recognized in the Consolidated Balance Sheet | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Prefunded pension(a) | $ | 632 | $ | 287 | $ | 230 | $ | 158 | $ | 66 | $ | 2 | $ | 75 | Prefunded pension(a) | $ | 163 | $ | 123 | $ | ― | $ | 25 | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Noncurrent pension liability | $ | ― | $ | ― | $ | 25 | $ | ― | $ | ― | $ | -4 | $ | 53 | Noncurrent pension liability | $ | 439 | $ | ― | $ | 221 | $ | ― | $ | 159 | $ | 81 | $ | 57 | |||||||||||||||||||||||||||||||||||||
Net asset recognized | $ | 632 | $ | 287 | $ | 205 | $ | 158 | $ | 66 | $ | 6 | $ | 22 | Net asset (liability) recognized | $ | -276 | $ | 123 | $ | -221 | $ | 25 | $ | -159 | $ | -81 | $ | -57 | |||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 1,599 | $ | 377 | $ | 826 | $ | 363 | $ | 395 | $ | 48 | $ | 147 | Regulatory assets | $ | 2,387 | $ | 582 | $ | 1,079 | $ | 472 | $ | 541 | $ | 144 | $ | 246 | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax asset | $ | -41 | $ | ― | $ | -9 | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax asset | $ | -59 | $ | ― | $ | -9 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Prior service credit | -5 | ― | ― | ― | ― | ― | ― | Prior service credit | -4 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net actuarial loss | 121 | ― | 21 | ― | ― | ― | ― | Net actuarial loss | 166 | ― | 26 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized in accumulated other comprehensive loss(b) | $ | 75 | $ | ― | $ | 12 | $ | ― | $ | ― | $ | ― | $ | ― | Net amounts recognized in accumulated other comprehensive loss(b) | $ | 103 | $ | ― | $ | 17 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized net actuarial loss | $ | 149 | $ | 35 | $ | 71 | $ | 33 | $ | 32 | $ | 4 | $ | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized prior service credit | -15 | -8 | -4 | -2 | -1 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013, no qualified pension plans had an accumulated benefit obligation in excess of plan assets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Progress Energy | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Projected benefit obligation | $ | 5,396 | $ | 2,868 | $ | 1,309 | $ | 527 | $ | 684 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated benefit obligation | 5,201 | 2,820 | 1,261 | 501 | 653 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of plan assets | 4,957 | 2,647 | 1,150 | 446 | 627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions Used for Pension Benefits Accounting | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.75 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salary increase | 4.4 | % | 4.3 | % | 4.4 | % | 4 | % | 4 | % | 4 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.75 | % | 5.55 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salary increase | 4.3 | % | 4.4 | % | 4.1 | % | 4 | % | 4 | % | 4.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected long-term rate of return on plan assets | 7.75 | % | 8 | % | 8.25 | % | 7.75 | % | 8.00-8.25 | % | 8.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years ending December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | $ | 667 | $ | 224 | $ | 190 | $ | 98 | $ | 68 | $ | 36 | $ | 47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | 643 | 218 | 185 | 92 | 71 | 35 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 | 640 | 212 | 190 | 93 | 74 | 34 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2017 | 633 | 205 | 191 | 91 | 77 | 34 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2018 | 623 | 196 | 194 | 91 | 80 | 34 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2019 - 2023 | 2,933 | 807 | 969 | 422 | 430 | 171 | 227 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-Qualified Pension Plans [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | $ | 3 | $ | ― | $ | 1 | $ | 1 | $ | ― | $ | ― | $ | ― | Service cost | $ | 2 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | Service cost | $ | 1 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||
Interest cost on projected benefit obligation | 13 | 1 | 7 | 1 | 1 | ― | ― | Interest cost on projected benefit obligation | 12 | 1 | 8 | 1 | 2 | ― | ― | Interest cost on projected benefit obligation | 8 | 1 | 9 | 2 | 2 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss | 5 | ― | 3 | 1 | 1 | ― | ― | Amortization of actuarial loss | 4 | ― | 5 | 1 | ― | ― | ― | Amortization of actuarial loss | ― | ― | 3 | ― | 1 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -1 | ― | -1 | ― | ― | ― | ― | Amortization of prior service cost (credit) | 1 | ― | -1 | ― | ― | ― | ― | Amortization of prior service cost | 2 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||
Net periodic pension costs | $ | 20 | $ | 1 | $ | 10 | $ | 3 | $ | 2 | $ | ― | $ | ― | Net periodic pension costs | $ | 19 | $ | 1 | $ | 14 | $ | 3 | $ | 2 | $ | ― | $ | ― | Net periodic pension costs | $ | 11 | $ | 1 | $ | 14 | $ | 3 | $ | 3 | $ | ― | $ | ― | ||||||||||||||||||||||
Amounts Recognized in AOCI and Regulatory Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets, net (decrease) increase | $ | -14 | $ | 1 | $ | -16 | $ | -4 | $ | -3 | $ | ― | $ | -2 | Regulatory assets, net increase (decrease) | $ | 34 | $ | ― | $ | -6 | $ | -2 | $ | 1 | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Regulatory liabilities, net increase | $ | 5 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Regulatory liabilities, net increase | $ | -8 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax benefit | $ | ― | $ | ― | $ | 1 | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax benefit | $ | ― | $ | ― | $ | -1 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Actuarial losses (gains) arising during the year | 2 | ― | -5 | ― | ― | ― | ― | Actuarial (gains) losses arising during the year | -2 | ― | 3 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Prior year service credit arising during the year | -1 | ― | ― | ― | ― | ― | ― | Net amount recognized in accumulated other comprehensive (income) loss | $ | -2 | $ | ― | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Net amount recognized in accumulated other comprehensive loss (income) | $ | 1 | $ | ― | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of Funded Status to Net Amount Recognized | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Change in Projected Benefit Obligation | Change in Projected Benefit Obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation at prior measurement date | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | Obligation at prior measurement date | $ | 160 | $ | 18 | $ | 177 | $ | 39 | $ | 44 | $ | 4 | $ | 5 | |||||||||||||||||||||||||||||||||||||
Service cost | 3 | ― | 1 | 1 | ― | ― | ― | Obligation assumed from acquisition | 172 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost | 13 | 1 | 7 | 1 | 1 | ― | ― | Service cost | 2 | ― | 2 | 1 | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Actuarial losses | -15 | 1 | -11 | -3 | -3 | -1 | ― | Interest cost | 12 | 1 | 8 | 1 | 2 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Settlements | -5 | ― | ― | ― | ― | ― | ― | Actuarial losses | 18 | ― | 11 | 3 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan amendments | -1 | ― | ― | ― | ― | ― | ― | Plan amendments | -5 | ― | -12 | -4 | -2 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers | ― | ― | -21 | ― | ― | ― | ― | Transfers | ― | 1 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Benefits paid | -26 | -3 | -12 | -3 | -4 | ― | ― | Benefits paid | -24 | -4 | -10 | -2 | -2 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Obligation at measurement date | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | Obligation at measurement date | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | |||||||||||||||||||||||||||||||||||||
Accumulated Benefit Obligation at measurement date | $ | 302 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | Accumulated Benefit Obligation at measurement date | $ | 332 | $ | 16 | $ | 175 | $ | 36 | $ | 44 | $ | 4 | $ | 5 | |||||||||||||||||||||||||||||||||||||
Change in Fair Value of Plan Assets | Change in Fair Value of Plan Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at prior measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Plan assets at prior measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Benefits paid | -26 | -3 | -12 | -3 | -4 | ― | ― | Benefits paid | -24 | -4 | -10 | -2 | -3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Employer contributions | 26 | 3 | 12 | 3 | 4 | ― | ― | Employer contributions | 24 | 4 | 10 | 2 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Plan assets at measurement date | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Amounts Recognized in the Consolidated Balance Sheet | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Current pension liability(a) | $ | 30 | $ | 2 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | Current pension liability(a) | $ | 30 | $ | 3 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Noncurrent pension liability | 274 | 13 | 129 | 32 | 36 | 3 | 5 | Noncurrent pension liability | 305 | 13 | 165 | 36 | 42 | 4 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total accrued pension liability | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | Total accrued pension liability | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | |||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | 45 | $ | 4 | $ | 18 | $ | 3 | $ | 6 | $ | ― | $ | ― | Regulatory assets | $ | 59 | $ | 3 | $ | 34 | $ | 7 | $ | 9 | $ | ― | $ | 2 | |||||||||||||||||||||||||||||||||||||
Regulatory liabilities | $ | 7 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Regulatory liabilities | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax asset | $ | ― | $ | ― | $ | -3 | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax asset | $ | ― | $ | ― | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Prior service credit | -1 | ― | ― | ― | ― | ― | ― | Net actuarial (gain) loss | -1 | ― | 12 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net actuarial loss | 1 | ― | 7 | ― | ― | ― | ― | Net amounts recognized in accumulated other comprehensive (income) loss | $ | -1 | $ | ― | $ | 8 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized in accumulated other comprehensive loss | $ | ― | $ | ― | $ | 4 | $ | ― | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized net actuarial loss | $ | 5 | $ | ― | $ | 2 | $ | 1 | $ | ― | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized prior service credit | -1 | ― | -1 | -1 | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Projected benefit obligation | $ | 304 | $ | 15 | $ | 140 | $ | 34 | $ | 39 | $ | 3 | $ | 5 | Projected benefit obligation | $ | 335 | $ | 16 | $ | 176 | $ | 38 | $ | 45 | $ | 4 | $ | 5 | |||||||||||||||||||||||||||||||||||||
Accumulated benefit obligation | 302 | 15 | 140 | 34 | 39 | 3 | 5 | Accumulated benefit obligation | 332 | 16 | 175 | 36 | 44 | 4 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions Used for Pension Benefits Accounting | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salary increase | 4.4 | % | 4.3 | % | 4.4 | % | ― | % | ― | % | 5.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.80 | % | 5.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salary increase | 4.3 | % | 4.4 | % | 4.1 | % | ― | % | ― | % | 5.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years ending December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | $ | 31 | $ | 3 | $ | 11 | $ | 2 | $ | 3 | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | 28 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 | 26 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2017 | 27 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2018 | 24 | 2 | 11 | 2 | 3 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2019 - 2023 | 112 | 6 | 52 | 13 | 15 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Pension Costs | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | $ | 24 | $ | 2 | $ | 18 | $ | 9 | $ | 7 | $ | 1 | $ | 1 | Service cost | $ | 16 | $ | 2 | $ | 17 | $ | 8 | $ | 7 | $ | 1 | $ | 1 | Service cost | $ | 7 | $ | 2 | $ | 11 | $ | 5 | $ | 5 | $ | 1 | $ | 1 | ||||||||||||||||||||||
Interest cost on accumulated post-retirement benefit obligation | 68 | 13 | 41 | 22 | 16 | 2 | 5 | Interest cost on accumulated post-retirement benefit obligation | 56 | 15 | 43 | 23 | 18 | 3 | 6 | Interest cost on accumulated post-retirement benefit obligation | 35 | 16 | 41 | 20 | 18 | 3 | 7 | |||||||||||||||||||||||||||||||||||||||||||
Expected return on plan assets | -14 | -11 | ― | ― | ― | -1 | -1 | Expected return on plan assets | -17 | -10 | -2 | ― | -2 | -1 | -1 | Expected return on plan assets | -15 | -10 | -2 | ― | -2 | -1 | -1 | |||||||||||||||||||||||||||||||||||||||||||
Amortization of actuarial loss (gain) | 52 | 3 | 57 | 34 | 16 | -1 | 1 | Amortization of actuarial loss (gain) | 14 | 3 | 35 | 20 | 12 | -2 | ― | Amortization of actuarial (gain) loss | -3 | 2 | 12 | 5 | 7 | -2 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Amortization of prior service credit | -41 | -7 | -30 | -20 | -6 | -1 | ― | Amortization of prior service credit | -8 | -5 | ― | ― | ― | -1 | ― | Amortization of prior service credit | -8 | -5 | ― | ― | ― | -1 | ― | |||||||||||||||||||||||||||||||||||||||||||
Net periodic post-retirement benefit costs(a)(b) | $ | 89 | $ | ― | $ | 86 | $ | 45 | $ | 33 | $ | ― | $ | 6 | Amortization of net transition liability | 10 | 7 | 4 | ― | 3 | ― | ― | Amortization of net transition liability | 10 | 9 | 5 | 1 | 4 | ― | ― | ||||||||||||||||||||||||||||||||||||
Special termination benefit cost | 9 | 1 | 5 | 2 | 1 | ― | ― | Net periodic post-retirement benefit costs(a)(b) | $ | 26 | $ | 14 | $ | 67 | $ | 31 | $ | 32 | $ | ― | $ | 9 | ||||||||||||||||||||||||||||||||||||||||||||
Net periodic post-retirement benefit costs(a)(b) | $ | 80 | $ | 13 | $ | 102 | $ | 53 | $ | 39 | $ | ― | $ | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts Recognized in AOCI and Regulatory Assets and Liabilities | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets, net (decrease) increase | $ | -683 | $ | -51 | $ | -634 | $ | -388 | $ | -166 | $ | ― | $ | -6 | Regulatory assets, net increase (decrease) | $ | 484 | $ | -20 | $ | 228 | $ | 170 | $ | 28 | $ | ― | $ | -6 | |||||||||||||||||||||||||||||||||||||
Regulatory liabilities, net increase (decrease) | $ | 30 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 3 | $ | 9 | Regulatory liabilities, net decrease | $ | -6 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -1 | $ | -2 | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax benefit | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax expense | $ | -2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | -4 | $ | ― | |||||||||||||||||||||||||||||||||||||
Actuarial gains arising during the year | -4 | ― | ― | ― | ― | ― | ― | Reclassification of actuarial losses to an affiliate | ― | ― | ― | ― | ― | 6 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Prior year service credit arising during the year | -3 | ― | ― | ― | ― | ― | ― | Actuarial losses arising during the year | ― | ― | ― | ― | ― | 2 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of prior year actuarial loss | 1 | ― | ― | ― | ― | ― | ― | Prior year service cost arising during the year | ― | ― | ― | ― | ― | 1 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net amount recognized in accumulated other comprehensive income | $ | -4 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Amortization of prior year actuarial loss | ― | ― | ― | ― | ― | 1 | ― | ||||||||||||||||||||||||||||||||||||||||||||
Reclassification of actuarial gains to regulatory liabilities | 4 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net amount recognized in accumulated other comprehensive loss | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 6 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of Funded Status to Net Amount Recognized | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Change in Projected Benefit Obligation | Change in Projected Benefit Obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated post-retirement benefit obligation at prior measurement date | $ | 1,794 | $ | 316 | $ | 1,128 | $ | 612 | $ | 413 | $ | 48 | $ | 136 | Accumulated post-retirement benefit obligation at prior measurement date | $ | 667 | $ | 312 | $ | 841 | $ | 407 | $ | 368 | $ | 61 | $ | 135 | |||||||||||||||||||||||||||||||||||||
Service cost | 24 | 2 | 18 | 9 | 7 | 1 | 1 | Obligation assumed from acquisition | 977 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest cost | 68 | 13 | 41 | 22 | 16 | 2 | 5 | Service cost | 16 | 2 | 17 | 8 | 7 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan participants' contributions | 47 | 15 | 14 | 6 | 7 | 3 | 3 | Interest cost | 56 | 15 | 43 | 23 | 18 | 3 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Actuarial gains | -227 | -32 | -156 | -73 | -70 | -6 | -12 | Plan participants' contributions | 41 | 18 | 13 | 5 | 7 | 4 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers | ― | ― | -1 | -8 | ― | ― | ― | Actuarial gains | 198 | 28 | 291 | 205 | 49 | 3 | -2 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Benefits paid | -132 | -36 | -60 | -26 | -31 | -6 | -14 | Transfers | ― | 9 | ― | ― | ― | -16 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan amendments | -476 | -16 | -455 | -311 | -91 | ― | -3 | Benefits paid | -105 | -38 | -61 | -24 | -33 | -8 | -13 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued retiree drug subsidy | 8 | 3 | 4 | 2 | 2 | ― | 2 | Special termination benefit cost | 9 | 1 | 5 | 2 | 1 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated post-retirement benefit obligation at measurement date | $ | 1,106 | $ | 265 | $ | 533 | $ | 233 | $ | 253 | $ | 42 | $ | 118 | Plan amendments | -70 | -33 | -25 | -16 | -6 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||
Change in Fair Value of Plan Assets | Accrued retiree drug subsidy | 5 | 2 | 4 | 2 | 2 | ― | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at prior measurement date | $ | 198 | $ | 134 | $ | ― | $ | ― | $ | ― | $ | 7 | $ | 17 | Accumulated post-retirement benefit obligation at measurement date | $ | 1,794 | $ | 316 | $ | 1,128 | $ | 612 | $ | 413 | $ | 48 | $ | 136 | |||||||||||||||||||||||||||||||||||||
Actual return on plan assets | 18 | 13 | ― | ― | ― | 2 | 2 | Change in Fair Value of Plan Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefits paid | -132 | -36 | -60 | -26 | -31 | -6 | -14 | Plan assets at prior measurement date | $ | 181 | $ | 120 | $ | 37 | $ | ― | $ | 37 | $ | 9 | $ | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Transfers(a) | ― | -1 | ― | ― | ― | ― | ― | Actual return on plan assets | 23 | 12 | 2 | ― | 2 | 1 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Employer contributions | 83 | 18 | 46 | 20 | 24 | 2 | 10 | Benefits paid | -105 | -38 | -61 | -24 | -33 | -8 | -13 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan participants' contributions | 47 | 15 | 14 | 6 | 7 | 3 | 3 | Transfers(a) | ― | 5 | -39 | ― | -39 | -3 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at measurement date | $ | 214 | $ | 143 | $ | ― | $ | ― | $ | ― | $ | 8 | $ | 18 | Employer contributions | 58 | 17 | 48 | 19 | 26 | 4 | 6 | ||||||||||||||||||||||||||||||||||||||||||||
Plan participants' contributions | 41 | 18 | 13 | 5 | 7 | 4 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plan assets at measurement date | $ | 198 | $ | 134 | $ | ― | $ | ― | $ | ― | $ | 7 | $ | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Progress Energy and Duke Energy Florida amounts reflect assets that did not meet the definition of plan assets. These assets are included in Other within Investments and Other Assets on the Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amounts Recognized in the Consolidated Balance Sheet | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Current post-retirement liability(a) | $ | 39 | $ | ― | $ | 36 | $ | 17 | $ | 16 | $ | 2 | $ | ― | Current post-retirement liability(a) | $ | 50 | $ | ― | $ | 47 | $ | 23 | $ | 20 | $ | 2 | $ | ― | |||||||||||||||||||||||||||||||||||||
Noncurrent post-retirement liability | 853 | 122 | 497 | 216 | 237 | 32 | 100 | Noncurrent post-retirement liability | 1,546 | 182 | 1,081 | 589 | 393 | 39 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total accrued post-retirement liability | $ | 892 | $ | 122 | $ | 533 | $ | 233 | $ | 253 | $ | 34 | $ | 100 | Total accrued post-retirement liability | $ | 1,596 | $ | 182 | $ | 1,128 | $ | 612 | $ | 413 | $ | 41 | $ | 119 | |||||||||||||||||||||||||||||||||||||
Regulatory assets | $ | -162 | $ | -34 | $ | -129 | $ | -97 | $ | 4 | $ | ― | $ | 71 | Regulatory assets | $ | 521 | $ | 17 | $ | 505 | $ | 291 | $ | 170 | $ | ― | $ | 77 | |||||||||||||||||||||||||||||||||||||
Regulatory liabilities | $ | 131 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 21 | $ | 77 | Regulatory liabilities | $ | 101 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 18 | $ | 68 | |||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive (income) loss | Accumulated other comprehensive (income) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liability | $ | 4 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Deferred income tax liability | $ | 2 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Prior service credit | -5 | ― | ― | ― | ― | ― | ― | Prior service credit | -3 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net actuarial gain | -6 | ― | ― | ― | ― | ― | ― | Net actuarial gain | -2 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net amounts recognized in accumulated other comprehensive income | $ | -7 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | Net amounts recognized in accumulated other comprehensive income | $ | -3 | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | $ | ― | |||||||||||||||||||||||||||||||||||||
Amounts to be recognized in net periodic pension expense in the next year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized net actuarial loss (gain) | $ | 38 | $ | 3 | $ | 46 | 30 | $ | 10 | $ | -2 | $ | -6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized prior service credit | -125 | -10 | -112 | -73 | -21 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions Used for Pension Benefits Accounting | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy | Progress Energy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit Obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.7 | % | 4.1 | % | 5.1 | % | 4.7 | % | 4.1 | % | 4.85 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Periodic Benefit Cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rate | 4.1 | % | 4.60-5.10 | % | 5 | % | 4.1 | % | 4.60-4.85 | % | 5.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected long-term rate of return on plan assets | 7.75 | % | 5.20-8.00 | % | 5.36-8.25 | % | ― | % | N/A-5.00 | % | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumed tax rate | 35 | % | 35 | % | 35 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumed Health Care Cost Trend Rate | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumed Health Care Cost Trend Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Health care cost trend rate assumed for next year | 8.5 | % | 8.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rate to which the cost trend is assumed to decline (the ultimate trend rate) | 5 | % | 5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year that rate reaches ultimate trend | 2021 | 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sensitivity to Changes in Assumed Health Care Cost Trend Rates | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sensitivity to Changes in Assumed Health Care Cost Trend Rates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-Percentage Point Increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect on total service and interest costs | $ | 11 | $ | 2 | $ | 7 | $ | 4 | $ | 3 | $ | 1 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect on post-retirement benefit obligation | 42 | 10 | 20 | 9 | 10 | 2 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-Percentage Point Decrease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect on total service and interest costs | -9 | -1 | -6 | -3 | -2 | — | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect on post-retirement benefit obligation | -36 | -9 | -16 | -7 | -8 | -1 | -4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Benefit Payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years ending December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | $ | 85 | $ | 21 | $ | 36 | $ | 17 | $ | 17 | $ | 4 | $ | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | 88 | 22 | 38 | 17 | 17 | 4 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 | 89 | 23 | 38 | 18 | 17 | 4 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2017 | 89 | 23 | 38 | 18 | 17 | 3 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2018 | 89 | 24 | 38 | 18 | 17 | 3 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2019 - 2023 | 413 | 109 | 180 | 81 | 84 | 17 | 47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Master Trust [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value and Allocation of Plan Assets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Actual Allocation at December 31, | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Target Allocation | 2013 | 2012 | Equity securities | $ | 2,993 | $ | 1,415 | $ | 1,575 | $ | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. equity securities | 10 | % | 10 | % | 28 | % | Corporate debt securities | 1,391 | ― | 1,388 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-U.S. equity securities | 8 | % | 8 | % | 15 | % | Short-term investment funds | 100 | 23 | 77 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global equity securities | 10 | % | 10 | % | 10 | % | Partnership interests | 141 | ― | ― | 141 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global private equity securities | 3 | % | 3 | % | 3 | % | Hedge funds | 97 | ― | 97 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt securities | 63 | % | 63 | % | 32 | % | Real estate trusts | 167 | ― | ― | 167 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedge funds | 2 | % | 3 | % | 4 | % | U.S. government securities | 237 | ― | 237 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate and cash | 2 | % | 1 | % | 4 | % | Guarantees investment contracts | 37 | ― | ― | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other global securities | 2 | % | 2 | % | 4 | % | Governments bonds - foreign | 65 | ― | 64 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | Cash | 4 | 4 | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset backed securities | 14 | ― | 14 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Master Retirement Trust | Net pending transactions and other investments | -16 | -21 | 5 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets(a) | $ | 5,230 | $ | 1,421 | $ | 3,457 | $ | 352 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables provide the fair value measurement amounts for the Duke Energy Master Retirement Trust qualified pension and other post-retirement assets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 43 percent, 9 percent and 12 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana using these percentages. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | $ | 2,877 | $ | 1,801 | $ | 1,022 | $ | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate debt securities | 2,604 | ― | 2,601 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term investment funds | 1,158 | 254 | 904 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Partnership interests | 307 | ― | ― | 307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedge funds | 164 | ― | 111 | 53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate trusts | 95 | ― | ― | 95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | 927 | ― | 927 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guaranteed investment contracts | 33 | ― | ― | 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Governments bonds - foreign | 19 | ― | 18 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | 58 | 58 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government and commercial mortgage backed securities | 7 | ― | 7 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net pending transactions and other investments | 12 | 7 | 5 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets(a) | $ | 8,261 | $ | 2,120 | $ | 5,595 | $ | 546 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 28 percent, 35 percent, 16 percent, 16 percent, 5 percent and 8 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2013. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to the Subsidiary Registrants using these percentages. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Master Trust Level 3 Rollforward | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of assets of master trusts measured at fair value on a recurring basis where the determination of fair value includes significant unobservable inputs (Level 3). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 352 | $ | 322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Combination of trust assets | 288 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | 25 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | -152 | -4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains (losses) and other | 33 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31 | $ | 546 | $ | 352 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Voluntary Employee Beneficiary Association [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value and Allocation of Plan Assets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Actual Allocation at December 31, | (in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Target Allocation | 2013 | 2012 | Cash and cash equivalents | $ | 22 | $ | ― | $ | 22 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. equity securities | 30 | % | 29 | % | 23 | % | Equity securities | 12 | ― | 12 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt securities | 45 | % | 29 | % | 32 | % | Debt securities | 16 | ― | 16 | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | 25 | % | 42 | % | 45 | % | Total assets | $ | 50 | $ | ― | $ | 50 | $ | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 21 | $ | ― | $ | 21 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | 15 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt securities | 15 | ― | 15 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 51 | $ | ― | $ | 51 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy [Member] | Master Trust [Member] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value and Allocation of Plan Assets | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Actual Allocation at December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. equity securities | 20 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-U.S. equity securities | 14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global equity securities | 8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Global private equity securities | 10 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt securities | 35 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedge funds | 9 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real estate and cash | 1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other global securities | 3 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 100 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy Master Retirement Trust | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table provides the fair value measurement amounts for the Progress Energy Master Retirement Trust qualified pension assets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Total Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | $ | 1,094 | $ | 361 | $ | 733 | $ | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate debt securities | 432 | ― | 432 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Partnership interests | 154 | ― | ― | 154 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedge funds | 313 | ― | 189 | 124 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. government securities | 515 | 405 | 110 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Governments bonds - foreign | 6 | ― | 6 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | 160 | 113 | 47 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net pending transactions and other investments | 16 | ― | 6 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets(a) | $ | 2,690 | $ | 879 | $ | 1,523 | $ | 288 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy Progress and Duke Energy Florida were allocated approximately 48 percent and 44 percent, respectively, of the Progress Energy Master Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Progress and Duke Energy Florida using these percentages. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Master Trust Level 3 Rollforward | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables provide a reconciliation of beginning and ending balances of Progress Trust assets measured at fair value on a recurring basis where the determination of fair value includes significant unobservable inputs (Level 3). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 288 | $ | 311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Combination of trust assets | -288 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases, sales, issuances and settlements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases | ― | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales | ― | -14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers in and/or out of level 3 | ― | -41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total gains (losses) and other | ― | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31 | $ | ― | $ | 288 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Line Items] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||||||||||||||||||||||||||
Current income taxes | Current income taxes | Current income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal | $ | -123 | $ | 49 | $ | -221 | $ | -70 | $ | -143 | $ | -21 | $ | -88 | Federal | $ | -46 | $ | -1 | $ | -88 | $ | -48 | $ | 6 | $ | 26 | $ | -27 | Federal | $ | -37 | $ | -122 | $ | -91 | $ | -27 | $ | -60 | $ | -95 | $ | 95 | |||||||||||||||||||||||||
State | -37 | 11 | -37 | -10 | -13 | -2 | 7 | State | 35 | -25 | 2 | -6 | ― | 11 | 27 | State | 21 | 30 | 29 | 21 | 5 | 1 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||
Foreign | 151 | ― | ― | ― | ― | ― | ― | Foreign | 133 | ― | ― | ― | ― | ― | ― | Foreign | 164 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Total current income taxes | -9 | 60 | -258 | -80 | -156 | -23 | -81 | Total current income taxes | 122 | -26 | -86 | -54 | 6 | 37 | ― | Total current income taxes | 148 | -92 | -62 | -6 | -55 | -94 | 137 | ||||||||||||||||||||||||||||||||||||||||||||||
Deferred income taxes | Deferred income taxes | Deferred income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal | 1,129 | 464 | 555 | 316 | 326 | 93 | 276 | Federal | 513 | 408 | 226 | 162 | 121 | 72 | -47 | Federal | 526 | 531 | 365 | 262 | 214 | 194 | -38 | ||||||||||||||||||||||||||||||||||||||||||||||
State | 142 | 75 | 84 | 59 | 44 | 5 | 29 | State | 64 | 77 | 40 | 9 | 21 | -9 | -25 | State | 56 | 40 | 27 | 6 | 22 | -2 | -23 | ||||||||||||||||||||||||||||||||||||||||||||||
Foreign | 14 | ― | ― | ― | ― | ― | ― | Foreign | 20 | ― | ― | ― | ― | ― | ― | Foreign | 32 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Total deferred income taxes(a) | 1,285 | 539 | 639 | 375 | 370 | 98 | 305 | Total deferred income taxes(a) | 597 | 485 | 266 | 171 | 142 | 63 | -72 | Total deferred income taxes(a) | 614 | 571 | 392 | 268 | 236 | 192 | -61 | ||||||||||||||||||||||||||||||||||||||||||||||
Investment tax credit amortization | -15 | -5 | -8 | -7 | -1 | ― | -1 | Investment tax credit amortization | -14 | -6 | -8 | -7 | -1 | -2 | -1 | Investment tax credit amortization | -10 | -7 | -7 | -6 | -1 | -2 | -2 | ||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense from continuing operations | 1,261 | 594 | 373 | 288 | 213 | 75 | 223 | Income tax expense (benefit) from continuing operations | 705 | 453 | 172 | 110 | 147 | 98 | -73 | Income tax expense from continuing operations | 752 | 472 | 323 | 256 | 180 | 96 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||
Tax benefit from discontinued operations | -27 | ― | -26 | ― | ― | ― | ― | Tax expense from discontinued operations | 24 | ― | 29 | ― | ― | ― | ― | Tax benefit from discontinued operations | ― | ― | -3 | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Total income tax expense included in Consolidated Statements of Operations | $ | 1,234 | $ | 594 | $ | 347 | $ | 288 | $ | 213 | $ | 75 | $ | 223 | Total income tax expense (benefit) included in Consolidated Statements of Operations | $ | 729 | $ | 453 | $ | 201 | $ | 110 | $ | 147 | $ | 98 | $ | -73 | Total income tax expense included in Consolidated Statements of Operations | $ | 752 | $ | 472 | $ | 320 | $ | 256 | $ | 180 | $ | 96 | $ | 74 | |||||||||||||||||||||||||
(a) | Includes benefits of net operating loss (NOL) carryforwards of $837 million at Duke Energy, $458 million at Progress Energy, $64 million at Duke Energy Progress, $301 million at Duke Energy Florida, $29 million at Duke Energy Ohio and $179 million at Duke Energy Indiana. | (a) | Includes benefits of NOL carryforwards of $1,127 million at Duke Energy, $245 million at Duke Energy Carolinas, $357 million at Progress Energy, $257 million at Duke Energy Progress, $25 million at Duke Energy Florida, $99 million at Duke Energy Ohio and $205 million at Duke Energy Indiana. | (a) | Includes benefits of NOL carryforwards of $274 million at Duke Energy, $79 million at Duke Energy Carolinas, $213 million at Progress Energy, $54 million at Duke Energy Progress, $41 million at Duke Energy Florida and $47 million at Duke Energy Ohio. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duke Energy Income from Continuing Operations before Income Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic | $ | 3,320 | $ | 1,827 | $ | 1,780 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign | 600 | 624 | 685 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 3,920 | $ | 2,451 | $ | 2,465 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Effective Tax Rates | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statutory Rate Reconciliation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables present a reconciliation of income tax expense at the U.S. federal statutory tax rate to the actual tax expense from continuing operations. | (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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense, computed at the statutory rate of 35 percent | $ | 858 | $ | 461 | $ | 185 | $ | 134 | $ | 145 | $ | 96 | $ | -43 | Income tax expense, computed at the statutory rate of 35 percent | $ | 863 | $ | 457 | $ | 319 | $ | 270 | $ | 173 | $ | 102 | $ | 85 | ||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | State income tax, net of federal income tax effect | 64 | 34 | 33 | 1 | 14 | 1 | 1 | State income tax, net of federal income tax effect | 50 | 46 | 39 | 18 | 17 | -1 | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Tax differential on foreign earnings | -66 | ― | ― | ― | ― | ― | ― | Tax differential on foreign earnings | -44 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense, computed at the statutory rate of 35 percent | $ | 1,372 | $ | 549 | $ | 361 | $ | 276 | $ | 188 | $ | 62 | $ | 203 | AFUDC equity income | -101 | -54 | -37 | -24 | -13 | -2 | -26 | AFUDC equity income | -91 | -59 | -36 | -25 | -11 | -2 | -31 | |||||||||||||||||||||||||||||||||||||||
State income tax, net of federal income tax effect | 67 | 56 | 31 | 31 | 20 | 2 | 23 | Renewable energy production tax credits | -25 | ― | ― | ― | ― | ― | ― | Renewable energy production tax credits | -21 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Tax differential on foreign earnings | -45 | ― | ― | ― | ― | ― | ― | Other items, net | -25 | 12 | -9 | -1 | 1 | 3 | -5 | Other items, net | -5 | 28 | 1 | -7 | 1 | -3 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||
AFUDC equity income | -55 | -32 | -18 | -15 | -3 | ― | -5 | Income tax expense (benefit) from continuing operations | $ | 705 | $ | 453 | $ | 172 | $ | 110 | $ | 147 | $ | 98 | $ | -73 | Income tax expense from continuing operations | $ | 752 | $ | 472 | $ | 323 | $ | 256 | $ | 180 | $ | 96 | $ | 74 | ||||||||||||||||||||||||||||||||
Renewable energy production tax credits | -59 | ― | ― | ― | ― | ― | ― | Effective tax rate | 28.8 | % | 34.3 | % | 32.7 | % | 28.7 | % | 35.7 | % | 36 | % | 59.5 | % | Effective tax rate | 30.5 | % | 36.1 | % | 35.6 | % | 33.2 | % | 36.3 | % | 33.1 | % | 30.6 | % | ||||||||||||||||||||||||||||||||
Other items, net | -19 | 21 | -1 | -4 | 8 | 11 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax expense from continuing operations | $ | 1,261 | $ | 594 | $ | 373 | $ | 288 | $ | 213 | $ | 75 | $ | 223 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effective tax rate | 32.2 | % | 37.8 | % | 36.2 | % | 36.5 | % | 39.6 | % | 42.2 | % | 38.4 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEFERRED TAXES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Deferred Income Tax Liability Components | (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | $ | 256 | $ | 64 | $ | 110 | $ | 24 | $ | 76 | $ | -10 | $ | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | Capital lease obligations | 60 | 13 | ― | ― | ― | ― | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Pension, postretirement and other employee benefits | 1,320 | 117 | 712 | 318 | 257 | 62 | 94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred credits and other liabilities | $ | 245 | $ | 56 | $ | 136 | $ | 9 | $ | 96 | $ | -13 | $ | 9 | Progress Energy merger purchase accounting adjustments(a) | 1,312 | ― | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||
Capital lease obligations | 59 | 11 | ― | ― | ― | ― | -2 | Tax credits and NOL carryforwards | 3,311 | 447 | 1,536 | 309 | 91 | 152 | 340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension, postretirement and other employee benefits | 649 | 18 | 341 | 119 | 145 | 23 | 54 | Other | 408 | 22 | 230 | 82 | 126 | 10 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Progress Energy merger purchase accounting adjustments(a) | 1,184 | ― | ― | ― | ― | ― | ― | Valuation allowance | -226 | ― | -77 | ― | ― | -1 | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax credits and NOL carryforwards | 4,307 | 488 | 1,965 | 396 | 365 | 165 | 521 | Total deferred income tax assets | 6,441 | 663 | 2,511 | 733 | 550 | 213 | 482 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 265 | 15 | 116 | 39 | 43 | 20 | 14 | Investments and other assets | -1,093 | -838 | -112 | -108 | -6 | -25 | -18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Valuation allowance | -192 | ― | -40 | -1 | ― | ― | ― | Accelerated depreciation rates | -11,208 | -4,289 | -2,803 | -2,178 | -592 | -1,823 | -1,131 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deferred income tax assets | 6,517 | 588 | 2,518 | 562 | 649 | 195 | 596 | Regulatory assets and deferred debits | -3,819 | -627 | -1,775 | -465 | -1,318 | -197 | -185 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments and other assets | -1,396 | -999 | -209 | -160 | -49 | -17 | -7 | Total deferred income tax liabilities | -16,120 | -5,754 | -4,690 | -2,751 | -1,916 | -2,045 | -1,334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accelerated depreciation rates | -12,615 | -4,400 | -3,663 | -2,528 | -1,160 | -1,937 | -1,591 | Net deferred income tax liabilities | $ | -9,679 | $ | -5,091 | $ | -2,179 | $ | -2,018 | $ | -1,366 | $ | -1,832 | $ | -852 | |||||||||||||||||||||||||||||||||||||||||||||||
Regulatory assets and deferred debits | -3,185 | -609 | -1,389 | -202 | -1,159 | -168 | -117 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deferred income tax liabilities | -17,196 | -6,008 | -5,261 | -2,890 | -2,368 | -2,122 | -1,715 | (a) | Primarily related to capital lease obligations and debt fair value adjustments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net deferred income tax liabilities | $ | -10,679 | $ | -5,420 | $ | -2,743 | $ | -2,328 | $ | -1,719 | $ | -1,927 | $ | -1,119 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Primarily related to capital lease obligations and debt fair value adjustments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Tax Credit Carryforwards | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table presents the expiration of tax credits and NOL carryforwards. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Amount | Expiration Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Tax Credits | $ | 498 | 2029 | - | 2033 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alternative Minimum Tax Credits | 1,028 | Indefinite | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal NOL carryforwards | 2,471 | 2030 | - | 2033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State NOL carryforwards and credits(a) | 189 | 2014 | - | 2033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign NOL carryforwards(b) | 121 | 2015 | - | 2033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total tax credits and NOL carryforwards | $ | 4,307 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | A valuation allowance of $83 million has been recorded on the state NOL carryforwards, state tax credits and state capital loss carryforwards, as presented in the Net Deferred Income Tax Liability Components table. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | A valuation allowance of $109 million has been recorded on the foreign NOL carryforwards, as presented in the Net Deferred Income Tax Liability Components table. Certain foreign NOL carryforwards have an indefinite expiration period. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Balance Sheet Classification of Deferred Tax Assets and Liabilities | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classification of Deferred Tax Assets (Liabilities) in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | (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 | Current Assets: Other | $ | 732 | $ | 90 | $ | 359 | $ | 144 | $ | 152 | $ | 21 | $ | 1 | |||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: Other | $ | 1,373 | $ | 286 | $ | 540 | $ | 229 | $ | 110 | $ | 85 | $ | 52 | Investments and Other Assets: Other | 85 | ― | 20 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||
Investments and Other Assets: Other | 45 | ― | ― | ― | ― | ― | ― | Current Liabilities: Other | -6 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: Other | -12,097 | -5,706 | -3,283 | -2,557 | -1,829 | -2,012 | -1,171 | Deferred Credits and Other Liabilities: Other | -10,490 | -5,181 | -2,558 | -2,162 | -1,518 | -1,853 | -853 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net deferred income tax liabilities | $ | -10,679 | $ | -5,420 | $ | -2,743 | $ | -2,328 | $ | -1,719 | $ | -1,927 | $ | -1,119 | Net deferred income tax liabilities | $ | -9,679 | $ | -5,091 | $ | -2,179 | $ | -2,018 | $ | -1,366 | $ | -1,832 | $ | -852 | ||||||||||||||||||||||||||||||||||||||||
Schedule of Unrecognized Tax Benefits Roll Forward | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNRECOGNIZED TAX BENEFITS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables present changes to unrecognized tax benefits. | (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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized tax benefits — January 1 | $ | 385 | $ | 260 | $ | 173 | $ | 73 | $ | 80 | $ | 32 | $ | 24 | Unrecognized tax benefits — January 1 | $ | 342 | $ | 217 | $ | 176 | $ | 74 | $ | 99 | $ | 29 | $ | 21 | ||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Acquisitions | 128 | ― | ― | ― | ― | ― | ― | Unrecognized tax benefits increases (decreases) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Unrecognized tax benefits increases (decreases) | Gross increases — tax positions in prior periods | 49 | 42 | 88 | 19 | 66 | 4 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized tax benefits — January 1 | $ | 540 | $ | 271 | $ | 131 | $ | 67 | $ | 44 | $ | 36 | $ | 32 | Gross increases — tax positions in prior periods | 29 | 12 | 23 | 10 | 12 | 2 | 6 | Gross decreases — tax positions in prior periods | -18 | -8 | -24 | -14 | -21 | -5 | -3 | |||||||||||||||||||||||||||||||||||||||
Unrecognized tax benefits increases (decreases) | Gross decreases — tax positions in prior periods | -4 | ― | -72 | -19 | -52 | ― | ― | Gross increases — current period tax positions | 16 | 9 | 9 | 8 | 1 | 4 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross decreases — tax positions in prior periods | -231 | -100 | -86 | -45 | -37 | -36 | -31 | Gross increases — current period tax positions | 28 | 15 | 8 | 4 | 4 | 4 | 4 | Gross decreases — current period tax positions | ― | ― | -8 | -4 | -4 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Decreases due to settlements | -66 | ― | ― | ― | ― | ― | ― | Gross decreases — current period tax positions | -9 | -5 | -1 | -1 | ― | -2 | -2 | Decreases due to settlements | -4 | ― | -68 | -10 | -61 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Reduction due to lapse of statute of limitations | -13 | ― | -13 | ― | 1 | ― | ― | Decreases due to settlements | -13 | -11 | ― | ― | ― | ― | ― | Total changes | 43 | 43 | -3 | -1 | -19 | 3 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||
Total changes | -310 | -100 | -99 | -45 | -36 | -36 | -31 | Reduction due to lapse of statute of limitations | -4 | ― | ― | ― | ― | ― | ― | Unrecognized tax benefits — December 31 | $ | 385 | $ | 260 | $ | 173 | $ | 73 | $ | 80 | $ | 32 | $ | 24 | |||||||||||||||||||||||||||||||||||||||
Unrecognized tax benefits — December 31 | $ | 230 | $ | 171 | $ | 32 | $ | 22 | $ | 8 | $ | ― | $ | 1 | Total changes | 155 | 11 | -42 | -6 | -36 | 4 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||
Unrecognized tax benefits — December 31 | $ | 540 | $ | 271 | $ | 131 | $ | 67 | $ | 44 | $ | 36 | $ | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Unrecognized Tax Benefits | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table includes additional information regarding the Duke Energy Registrants' unrecognized tax benefits. It is reasonably possible that Duke Energy and Duke Energy Carolinas will reflect an approximate $4 million reduction in unrecognized tax benefits within the next 12 months due to expected settlements. All other Duke Energy Registrants do not anticipate a material increase or decrease in unrecognized tax benefits within the next 12 months. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Indiana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount that if recognized, would affect the effective tax rate or regulatory liability(a) | $ | 128 | $ | 116 | $ | 2 | $ | 1 | $ | 1 | $ | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount that if recognized, would be recorded as a component of discontinued operations | 8 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana are unable to estimate the specific amounts that would affect the effective tax rate versus the regulatory liability. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Income Tax Contingencies | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OTHER TAX MATTERS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables include interest recognized in the Consolidated Statements of Operations and the Consolidated Balance Sheets. | (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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income recognized related to income taxes | $ | 10 | $ | 9 | $ | ― | $ | ― | $ | ― | $ | ― | $ | 2 | Net interest income recognized related to income taxes | $ | 12 | $ | 5 | $ | 24 | $ | 6 | $ | 22 | $ | ― | $ | ― | ||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Net interest expense recognized related to income taxes | ― | ― | 2 | ― | 2 | ― | ― | Net interest expense recognized related to income taxes | ― | ― | ― | ― | ― | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Interest receivable related to income taxes | ― | 7 | ― | ― | ― | ― | ― | Interest receivable related to income taxes | 8 | 5 | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||
Net interest income recognized related to income taxes | $ | 2 | $ | 2 | $ | 6 | $ | 7 | $ | ― | $ | 4 | $ | 1 | Interest payable related to income taxes | 7 | ― | 17 | 8 | 9 | 3 | 1 | Interest payable related to income taxes | ― | ― | 21 | 8 | 7 | 3 | 3 | |||||||||||||||||||||||||||||||||||||||
Interest payable related to income taxes | 27 | 8 | 10 | 2 | 7 | ― | ― | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other_Income_Expenses_Net_Tabl
Other Income & Expenses, Net (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Other Income and Expenses, Net | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | (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 | Interest income | $ | 50 | $ | 11 | $ | 2 | $ | 1 | $ | 1 | $ | 10 | $ | 7 | Interest income | $ | 53 | $ | 10 | $ | 2 | $ | 1 | $ | 1 | $ | 14 | $ | 14 | |||||||||||||||||||||||||||||
Interest income | $ | 26 | $ | 1 | $ | 7 | $ | 1 | $ | 3 | $ | 6 | $ | 6 | Foreign exchange losses | -5 | ― | ― | ― | ― | ― | ― | Foreign exchange gains | 2 | ― | ― | ― | ― | ― | ― | ||||||||||||||||||||||||||||||||||||
Foreign exchange losses | -18 | ― | ― | ― | ― | ― | ― | AFUDC equity | 300 | 154 | 106 | 69 | 37 | 6 | 84 | AFUDC equity | 260 | 168 | 103 | 71 | 32 | 5 | 88 | |||||||||||||||||||||||||||||||||||||||||||
AFUDC equity | 157 | 91 | 50 | 42 | 8 | 1 | 15 | Deferred returns | 24 | 24 | ― | ― | ― | ― | ― | Contingent value obligations mark-to-market loss | ― | ― | -59 | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||
Deferred returns | 39 | 32 | 7 | 7 | ― | ― | ― | Other income (expense) | 28 | -4 | 22 | 9 | 1 | -3 | -1 | Deferred returns | 10 | 10 | ― | ― | ― | ― | ― | |||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | 58 | -4 | 30 | 7 | 19 | -3 | -3 | Other income and expense, net | $ | 397 | $ | 185 | $ | 130 | $ | 79 | $ | 39 | $ | 13 | $ | 90 | Other income (expense) | 51 | -2 | 6 | 8 | -3 | ― | -5 | ||||||||||||||||||||||||||||||||||||
Other income and expense, net | $ | 262 | $ | 120 | $ | 94 | $ | 57 | $ | 30 | $ | 4 | $ | 18 | Other income and expense, net | $ | 376 | $ | 186 | $ | 52 | $ | 80 | $ | 30 | $ | 19 | $ | 97 | |||||||||||||||||||||||||||||||||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||
(in millions, except per share data) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating revenues | $ | 3,630 | $ | 3,577 | $ | 6,722 | $ | 5,695 | $ | 19,624 | ||||||||||||||||
2013 | Operating income | 495 | 786 | 1,078 | 767 | 3,126 | ||||||||||||||||||||||||||
Operating revenues | $ | 5,898 | $ | 5,879 | $ | 6,709 | $ | 6,112 | $ | 24,598 | Income from continuing operations | 297 | 449 | 594 | 406 | 1,746 | ||||||||||||||||
Operating income | 1,215 | 821 | 1,743 | 1,203 | 4,982 | Net income | 299 | 448 | 598 | 437 | 1,782 | |||||||||||||||||||||
Income from continuing operations | 634 | 345 | 994 | 686 | 2,659 | Net income attributable to Duke Energy Corporation | 295 | 444 | 594 | 435 | 1,768 | |||||||||||||||||||||
Net income | 634 | 342 | 1,008 | 692 | 2,676 | Earnings per share: | ||||||||||||||||||||||||||
Net income attributable to Duke Energy Corporation | 634 | 339 | 1,004 | 688 | 2,665 | Income from continuing operations attributable to Duke Energy Corporation common shareholders | ||||||||||||||||||||||||||
Earnings per share: | Basic | $ | 0.66 | $ | 0.99 | $ | 0.84 | $ | 0.57 | $ | 3.01 | |||||||||||||||||||||
Income from continuing operations attributable to Duke Energy Corporation common shareholders | Diluted | $ | 0.66 | $ | 0.99 | $ | 0.84 | $ | 0.57 | $ | 3.01 | |||||||||||||||||||||
Basic | $ | 0.89 | $ | 0.48 | $ | 1.4 | $ | 0.96 | $ | 3.74 | Net income attributable to Duke Energy Corporation common shareholders | |||||||||||||||||||||
Diluted | $ | 0.89 | $ | 0.48 | $ | 1.4 | $ | 0.96 | $ | 3.74 | Basic | $ | 0.66 | $ | 0.99 | $ | 0.85 | $ | 0.62 | $ | 3.07 | |||||||||||
Net income attributable to Duke Energy Corporation common shareholders | Diluted | $ | 0.66 | $ | 0.99 | $ | 0.85 | $ | 0.62 | $ | 3.07 | |||||||||||||||||||||
Basic | $ | 0.89 | $ | 0.48 | $ | 1.42 | $ | 0.97 | $ | 3.77 | ||||||||||||||||||||||
Diluted | $ | 0.89 | $ | 0.48 | $ | 1.42 | $ | 0.97 | $ | 3.76 | ||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve Progress Energy merger (see Note 2) | $ | -8 | $ | -7 | $ | -457 | $ | -164 | $ | -636 | |||||||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -55 | $ | -82 | $ | -88 | $ | -72 | $ | -297 | Edwardsport IGCC charges (see Note 4) | -420 | — | -180 | -28 | -628 | ||||||||||||||||
Crystal River Unit 3 charges (see Note 4) | — | -295 | — | -57 | -352 | Voluntary Opportunity Plan deferral (see Note 19) | 101 | — | — | — | 101 | |||||||||||||||||||||
Harris and Levy nuclear development charges (see Note 4) | — | -87 | — | — | -87 | Total | $ | -327 | $ | -7 | $ | -637 | $ | -192 | $ | -1,163 | ||||||||||||||||
Gain on sale of DukeNet (see Note 12) | — | — | — | 105 | 105 | |||||||||||||||||||||||||||
Total | $ | -55 | $ | -464 | $ | -88 | $ | -24 | $ | -631 | (a) | Revised retail rates became effective in January for Duke Energy Florida, May for Duke Energy Ohio, June for Duke Energy Progress and September for Duke Energy Carolinas (see Note 4 for further information). | ||||||||||||||||||||
Duke Energy Carolinas [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
DUKE ENERGY CAROLINAS | 2012 | |||||||||||||||||||||||||||||||
Operating revenues | $ | 1,501 | $ | 1,616 | $ | 1,939 | $ | 1,609 | $ | 6,665 | ||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating income | 475 | 386 | 440 | 216 | 1,517 | |||||||||||||||||||||
2013 | Net income | 266 | 211 | 258 | 130 | 865 | ||||||||||||||||||||||||||
Operating revenues | $ | 1,729 | $ | 1,591 | $ | 1,919 | $ | 1,715 | $ | 6,954 | ||||||||||||||||||||||
Operating income | 434 | 351 | 604 | 420 | 1,809 | |||||||||||||||||||||||||||
Net income | 244 | 181 | 342 | 209 | 976 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -5 | $ | -184 | $ | -46 | $ | -239 | |||||||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -22 | $ | -35 | $ | -34 | $ | -29 | $ | -120 | Voluntary Opportunity Plan deferral (see Note 19) | 101 | — | — | — | 101 | ||||||||||||||||
Total | $ | 97 | $ | -5 | $ | -184 | $ | -46 | $ | -138 | ||||||||||||||||||||||
(a) | Revised retail rates became effective in September in both North Carolina and South Carolina (see Note 4 for further information). | |||||||||||||||||||||||||||||||
Progress Energy [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating revenues | $ | 2,102 | $ | 2,288 | $ | 2,788 | $ | 2,227 | $ | 9,405 | ||||||||||||||||
2013 | Operating income | 363 | 277 | 379 | 118 | 1,137 | ||||||||||||||||||||||||||
Operating revenues | $ | 2,186 | $ | 2,281 | $ | 2,766 | $ | 2,300 | $ | 9,533 | Income (loss) from continuing operations | 141 | 68 | 154 | -8 | 355 | ||||||||||||||||
Operating income | 430 | 114 | 671 | 403 | 1,618 | Net income | 152 | 64 | 157 | 34 | 407 | |||||||||||||||||||||
Income (loss) from continuing operations | 154 | -13 | 328 | 190 | 659 | Net income attributable to Parent | 150 | 63 | 155 | 32 | 400 | |||||||||||||||||||||
Net income (loss) | 154 | -17 | 342 | 196 | 675 | |||||||||||||||||||||||||||
Net income (loss) attributable to Parent | 153 | -17 | 341 | 195 | 672 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve the merger with Duke Energy (see Note 2) | $ | -7 | $ | -20 | $ | -217 | $ | -82 | $ | -326 | |||||||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -19 | $ | -33 | $ | -42 | $ | -28 | $ | -122 | Florida replacement power refund (see Note 4) | ― | ― | -100 | ― | -100 | ||||||||||||||||
Crystal River Unit 3 charges (see Note 4) | ― | -295 | ― | -57 | -352 | Crystal River Unit 3 charges (see Note 4) | ― | ― | ― | -192 | -192 | |||||||||||||||||||||
Harris and Levy nuclear development charges (see Note 4) | ― | -87 | ― | ― | -87 | Total | $ | -7 | $ | -20 | $ | -317 | $ | -274 | $ | -618 | ||||||||||||||||
Total | $ | -19 | $ | -415 | $ | -42 | $ | -85 | $ | -561 | ||||||||||||||||||||||
Duke Energy Progress [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
DUKE ENERGY PROGRESS | 2012 | |||||||||||||||||||||||||||||||
Operating revenues | $ | 1,090 | $ | 1,090 | $ | 1,398 | $ | 1,128 | $ | 4,706 | ||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating income | 107 | 83 | 172 | 148 | 510 | |||||||||||||||||||||
2013 | Net income | 52 | 31 | 96 | 93 | 272 | ||||||||||||||||||||||||||
Operating revenues | $ | 1,216 | $ | 1,135 | $ | 1,430 | $ | 1,211 | $ | 4,992 | ||||||||||||||||||||||
Operating income | 212 | 166 | 303 | 251 | 932 | |||||||||||||||||||||||||||
Net income | 110 | 77 | 175 | 138 | 500 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve the merger with Duke Energy (see Note 2) | $ | -4 | $ | -12 | $ | -180 | $ | -36 | $ | -232 | |||||||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -11 | $ | -22 | $ | -32 | $ | -19 | $ | -84 | ||||||||||||||||||||||
Harris nuclear development charges (see Note 4) | ― | -22 | ― | ― | -22 | |||||||||||||||||||||||||||
Total | $ | -11 | $ | -44 | $ | -32 | $ | -19 | $ | -106 | ||||||||||||||||||||||
Duke Energy Florida [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
DUKE ENERGY FLORIDA | 2012 | |||||||||||||||||||||||||||||||
Operating revenues | $ | 1,010 | $ | 1,196 | $ | 1,388 | $ | 1,095 | $ | 4,689 | ||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating income (loss) | 255 | 196 | 207 | -29 | 629 | |||||||||||||||||||||
2013 | Net income (loss) | 128 | 83 | 100 | -45 | 266 | ||||||||||||||||||||||||||
Operating revenues | $ | 968 | $ | 1,142 | $ | 1,332 | $ | 1,085 | $ | 4,527 | ||||||||||||||||||||||
Operating income (loss) | 221 | -53 | 369 | 151 | 688 | |||||||||||||||||||||||||||
Net income (loss) | 110 | -57 | 197 | 75 | 325 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve the merger with Duke Energy (see Note 2) | $ | -3 | $ | -8 | $ | -37 | $ | -46 | $ | -94 | |||||||||||||||||||||
Costs to achieve the merger with Duke Energy (see Note 2) | $ | -8 | $ | -11 | $ | -10 | $ | -9 | $ | -38 | Replacement power refund (see Note 4) | ― | ― | -100 | ― | -100 | ||||||||||||||||
Crystal River Unit 3 charges (see Note 4) | ― | -295 | ― | -57 | -352 | Crystal River Unit 3 charges (see Note 4) | ― | ― | ― | -192 | -192 | |||||||||||||||||||||
Levy nuclear development charges (see Note 4) | ― | -65 | ― | ― | -65 | Total | $ | -3 | $ | -8 | $ | -137 | $ | -238 | $ | -386 | ||||||||||||||||
Total | $ | -8 | $ | -371 | $ | -10 | $ | -66 | $ | -455 | ||||||||||||||||||||||
Duke Energy Ohio [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
DUKE ENERGY OHIO | 2012 | |||||||||||||||||||||||||||||||
Operating revenues | $ | 912 | $ | 717 | $ | 757 | $ | 766 | $ | 3,152 | ||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating income | 138 | 95 | 42 | 74 | 349 | |||||||||||||||||||||
2013 | Net income | 74 | 45 | 14 | 42 | 175 | ||||||||||||||||||||||||||
Operating revenues | $ | 747 | $ | 811 | $ | 819 | $ | 868 | $ | 3,245 | ||||||||||||||||||||||
Operating (loss) income | -17 | 108 | 116 | 44 | 251 | |||||||||||||||||||||||||||
Net (loss) income | -21 | 58 | 59 | 6 | 102 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013(a) | Costs to achieve Progress Energy merger (see Note 2) | $ | -1 | $ | -1 | $ | -22 | $ | -12 | $ | -36 | |||||||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -4 | $ | -4 | $ | -4 | $ | -16 | ||||||||||||||||||||||
Duke Energy Indiana [Member] | ' | ' | ||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ||||||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | ' | ||||||||||||||||||||||||||||||
DUKE ENERGY INDIANA | 2012 | |||||||||||||||||||||||||||||||
Operating revenues | $ | 688 | $ | 685 | $ | 718 | $ | 626 | $ | 2,717 | ||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | Operating (loss) income | -272 | 134 | -30 | 93 | -75 | |||||||||||||||||||||
2013 | Net (loss) income | -167 | 77 | -19 | 59 | -50 | ||||||||||||||||||||||||||
Operating revenues | $ | 724 | $ | 700 | $ | 755 | $ | 747 | $ | 2,926 | ||||||||||||||||||||||
Operating income | 181 | 168 | 203 | 181 | 733 | |||||||||||||||||||||||||||
Net income | 90 | 82 | 104 | 82 | 358 | |||||||||||||||||||||||||||
Schedule Of Unusual Or Infrequently Occurring Items | ' | ' | ||||||||||||||||||||||||||||||
(in millions) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | 2012 | ||||||||||||||||||||||||||
2013 | Costs to achieve Progress Energy merger (see Note 2) | $ | -1 | $ | -1 | $ | -21 | $ | -11 | $ | -34 | |||||||||||||||||||||
Costs to achieve Progress Energy merger (see Note 2) | $ | -4 | $ | -5 | $ | -5 | $ | -5 | $ | -19 | Edwardsport IGCC charges (see Note 4) | -420 | — | -180 | -28 | -628 | ||||||||||||||||
Total | $ | -421 | $ | -1 | $ | -201 | $ | -39 | $ | -662 | ||||||||||||||||||||||
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation (Schedule of Unbilled Revenues with Restricted Receivables) (Details) (USD $) | 12 Months Ended | ||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' | ' | |
Stockholders' equity note, stock split, conversion ratio | ' | 0.3333 | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Payments for the redemption of preferred stock | $96 | ' | ' | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 1,501 | 1,424 | 2,110 | 1,670 | |
Restricted Cash [Abstract] | ' | ' | ' | ' | |
Restricted cash | 307 | 574 | ' | ' | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 1,901 | 1,691 | ' | ' | |
Coal held for electric generation | 1,018 | 1,187 | ' | ' | |
Oil, gas and other fuel held for electric generation | 331 | 345 | ' | ' | |
Inventory, Net, Total | 3,250 | 3,223 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.80% | 2.90% | 3.20% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 937 | 920 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 30 | 34 | 35 | ' | |
Restricted receivables, allowance for doubtful accounts | 43 | 44 | 40 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | 135 | 163 | ' | ' | |
Employee-related liabilities, current | 621 | 725 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 602 | 466 | 293 | ' | |
Foreign Jurisdictions [Member] | ' | ' | ' | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 1,086 | ' | ' | ' | |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 23 | 19 | 289 | 153 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 654 | 535 | ' | ' | |
Coal held for electric generation | 374 | 488 | ' | ' | |
Oil, gas and other fuel held for electric generation | 37 | 39 | ' | ' | |
Inventory, Net, Total | 1,065 | 1,062 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.80% | 2.80% | 2.60% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 323 | 315 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 3 | 3 | 3 | ' | |
Restricted receivables, allowance for doubtful accounts | 6 | 6 | 6 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Employee-related liabilities, current | 198 | 203 | ' | ' | |
Derivative, collateral, obligation to return cash | 120 | 105 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 164 | 161 | 153 | ' | |
Duke Energy Carolinas [Member] | State [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Annual Reduction In Excise Taxes | 160 | ' | ' | ' | |
Duke Energy Carolinas [Member] | State [Member] | Utility Franchise Tax Member [Member] | Current [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 3.22% | ' | ' | ' | |
Duke Energy Carolinas [Member] | State [Member] | Utility Franchise Tax Member [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 0.00% | ' | ' | ' | |
Duke Energy Carolinas [Member] | State [Member] | Electricity Sales Tax Member [Member] | Current [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 3.00% | ' | ' | ' | |
Duke Energy Carolinas [Member] | State [Member] | Electricity Sales Tax Member [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 7.00% | ' | ' | ' | |
Progress Energy [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Payments for the redemption of preferred stock | 96 | 0 | 0 | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 58 | 231 | 230 | 611 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 854 | 768 | ' | ' | |
Coal held for electric generation | 334 | 392 | ' | ' | |
Oil, gas and other fuel held for electric generation | 236 | 281 | ' | ' | |
Inventory, Net, Total | 1,424 | 1,441 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.50% | 2.60% | 2.30% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 189 | 187 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 14 | 16 | 27 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | 10 | 59 | ' | ' | |
Employee-related liabilities, current | 214 | 304 | ' | ' | |
Customer deposits, current | 349 | 342 | ' | ' | |
Derivative liabilities, current | 0 | 221 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 304 | 317 | 315 | ' | |
Duke Energy Progress [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Payments for the redemption of preferred stock | 62 | 0 | 0 | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 21 | 18 | 20 | 230 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 567 | 499 | ' | ' | |
Coal held for electric generation | 187 | 232 | ' | ' | |
Oil, gas and other fuel held for electric generation | 99 | 97 | ' | ' | |
Inventory, Net, Total | 853 | 828 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.50% | 2.70% | 2.10% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 120 | 112 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 10 | 9 | 9 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | ' | 9 | ' | ' | |
Employee-related liabilities, current | 121 | 160 | ' | ' | |
Customer deposits, current | 129 | 120 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 115 | 113 | 110 | ' | |
Duke Energy Progress [Member] | State [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Annual Reduction In Excise Taxes | 110 | ' | ' | ' | |
Duke Energy Progress [Member] | State [Member] | Utility Franchise Tax Member [Member] | Current [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 3.22% | ' | ' | ' | |
Duke Energy Progress [Member] | State [Member] | Utility Franchise Tax Member [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 0.00% | ' | ' | ' | |
Duke Energy Progress [Member] | State [Member] | Electricity Sales Tax Member [Member] | Current [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 3.00% | ' | ' | ' | |
Duke Energy Progress [Member] | State [Member] | Electricity Sales Tax Member [Member] | January 2014 [Member] | ' | ' | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Statutory Tax Rate | 7.00% | ' | ' | ' | |
Duke Energy Progress [Member] | Minimum [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Redemption price | $101 | ' | ' | ' | |
Duke Energy Progress [Member] | Maximum [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Redemption price | $110 | ' | ' | ' | |
Duke Energy Florida [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Payments for the redemption of preferred stock | 34 | 0 | 0 | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 16 | 131 | 16 | 249 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 287 | 269 | ' | ' | |
Coal held for electric generation | 147 | 160 | ' | ' | |
Oil, gas and other fuel held for electric generation | 137 | 184 | ' | ' | |
Inventory, Net, Total | 571 | 613 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.40% | 2.50% | 2.40% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 69 | 74 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 4 | 7 | 18 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | 10 | 50 | ' | ' | |
Employee-related liabilities, current | 65 | 95 | ' | ' | |
Customer deposits, current | 220 | 222 | ' | ' | |
Derivative liabilities, current | 0 | 127 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 189 | 205 | 205 | ' | |
Duke Energy Florida [Member] | Minimum [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Redemption price | $101 | ' | ' | ' | |
Duke Energy Florida [Member] | Maximum [Member] | ' | ' | ' | ' | |
Preferred Stock Of Subsidiaries [Abstract] | ' | ' | ' | ' | |
Redemption price | $104.25 | ' | ' | ' | |
Duke Energy Ohio [Member] | ' | ' | ' | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 36 | 31 | 99 | 228 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 117 | 135 | ' | ' | |
Coal held for electric generation | 65 | 82 | ' | ' | |
Oil, gas and other fuel held for electric generation | 47 | 10 | ' | ' | |
Inventory, Net, Total | 229 | 227 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 3.30% | 3.20% | 3.50% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 55 | 47 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 2 | 2 | 16 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | 125 | 104 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 105 | 102 | 109 | ' | |
Duke Energy Ohio [Member] | Current Collateral Assets [Member] | ' | ' | ' | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Collateral aready posted | 122 | 99 | ' | ' | |
Duke Energy Ohio [Member] | CRC [Member] | ' | ' | ' | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 89 | 90 | ' | ' | |
Duke Energy Indiana [Member] | ' | ' | ' | ' | |
Cash and Cash Equivalents [Abstract] | ' | ' | ' | ' | |
Cash and cash equivalents at end of period | 15 | 36 | 16 | 54 | |
Energy Related Inventory [Abstract] | ' | ' | ' | ' | |
Materials and supplies | 193 | 161 | ' | ' | |
Coal held for electric generation | 238 | 216 | ' | ' | |
Oil, gas and other fuel held for electric generation | 3 | 3 | ' | ' | |
Inventory, Net, Total | 434 | 380 | ' | ' | |
Depreciation Rate [Abstract] | ' | ' | ' | ' | |
Weighted-average depreciation rate | 2.80% | 3.30% | 3.40% | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | 5 | 3 | ' | ' | |
Allowance For Doubtful Accounts [Abstract] | ' | ' | ' | ' | |
Receivables, allowance for doubtful accounts | 1 | 1 | 1 | ' | |
Other Current Assets and Liabilities [Abstract] | ' | ' | ' | ' | |
Federal income taxes receivable | 56 | 0 | ' | ' | |
Employee-related liabilities, current | 25 | 23 | [1] | ' | ' |
Derivative, collateral, obligation to return cash | 40 | 37 | [1] | ' | ' |
Derivative liabilities, current | 0 | 63 | ' | ' | |
Excise Taxes [Abstract] | ' | ' | ' | ' | |
Excise Taxes Collected | 29 | 33 | 31 | ' | |
Duke Energy Indiana [Member] | CRC [Member] | ' | ' | ' | ' | |
Unbilled Receivables [Abstract] | ' | ' | ' | ' | |
Unbilled receivables, current | $144 | $132 | ' | ' | |
[1] | Does not exceed 5 percent of Total current liabilities on the Consolidated Balance Sheets at December 31, 2012. |
Acquisitions_and_Sales_of_Othe
Acquisitions and Sales of Other Assets (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2012 | Dec. 31, 2012 | Jul. 02, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 12, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 12, 2012 | |
Commercial Power [Member] | Excluded From Pro Forma [Member] | Excluded From Pro Forma [Member] | D S Cornerstone [Member] | Progress Merger [Member] | Progress Merger [Member] | Progress Merger [Member] | Ibener [Member] | Midwest Generation Business [Member] | 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 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] | 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 Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||||||||||||
Purchase Price Allocation Adjustments [Member] | Scenario Forecast [Member] | Midwest Generation Business [Member] | Midwest Generation Business [Member] | Duke Energy Vermillion [Member] | Duke Energy Vermillion [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Scenario Forecast [Member] | Scenario Forecast [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | $72,000,000 | $88,000,000 | $82,000,000 | $55,000,000 | $164,000,000 | $457,000,000 | $7,000,000 | $8,000,000 | $297,000,000 | $636,000,000 | ' | ' | $413,000,000 | $85,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | $29,000,000 | $34,000,000 | $35,000,000 | $22,000,000 | $46,000,000 | $184,000,000 | $5,000,000 | $4,000,000 | $120,000,000 | $239,000,000 | ' | $28,000,000 | $42,000,000 | $33,000,000 | $19,000,000 | $82,000,000 | $217,000,000 | $20,000,000 | $7,000,000 | $122,000,000 | $326,000,000 | ' | $19,000,000 | $32,000,000 | $22,000,000 | $11,000,000 | $36,000,000 | $180,000,000 | $12,000,000 | $4,000,000 | $84,000,000 | $232,000,000 | ' | $9,000,000 | $10,000,000 | $11,000,000 | $8,000,000 | $46,000,000 | $37,000,000 | $8,000,000 | $3,000,000 | $38,000,000 | $94,000,000 | ' | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 | $12,000,000 | $22,000,000 | $1,000,000 | $1,000,000 | $16,000,000 | $36,000,000 | ' | ' | $5,000,000 | $5,000,000 | $5,000,000 | $4,000,000 | $11,000,000 | $21,000,000 | $1,000,000 | $1,000,000 | $19,000,000 | $34,000,000 | ' | ' |
Proceeds | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 187,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 82,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transfer of Vermillion Generating Station | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -28,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,000,000 | ' | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 5,526,000,000 | 5,501,000,000 | 4,363,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,695,000,000 | 1,908,000,000 | 2,272,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 2,490,000,000 | 2,366,000,000 | 2,256,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,567,000,000 | 1,525,000,000 | 1,426,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 915,000,000 | 809,000,000 | 813,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 434,000,000 | 514,000,000 | 499,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 545,000,000 | 718,000,000 | 1,066,000,000 | 68,000,000 |
Equity ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62.50% |
Construction and 12-year amortizing term loan facility | 8,000,000 | ' | ' | ' | 8,000,000 | ' | ' | ' | 8,000,000 | 8,000,000 | ' | ' | ' | ' | 330,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000,000 | ' | ' | ' | 8,000,000 | ' | ' | ' | 8,000,000 | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of other long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 319,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business combination, pro forma information, revenue of acquiree since acquisition date, actual | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,943,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 368,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 415,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,141,000,000 | -138,000,000 | 383,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangibles | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Working capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,204,000,000 | ' | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bridge loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 190,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 16,340,000,000 | ' | ' | ' | 16,365,000,000 | ' | ' | ' | 16,340,000,000 | 16,365,000,000 | ' | ' | ' | ' | ' | ' | 12,469,000,000 | 2,000,000 | 54,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,655,000,000 | ' | ' | ' | 3,655,000,000 | ' | ' | ' | 3,655,000,000 | 3,655,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 920,000,000 | ' | ' | ' | 921,000,000 | ' | ' | ' | 920,000,000 | 921,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving loan under credit agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured debt issuances | 2,559,000,000 | ' | ' | ' | 1,873,000,000 | ' | ' | ' | 2,559,000,000 | 1,873,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000,000 | ' | ' | ' | 300,000,000 | ' | ' | ' | 400,000,000 | 300,000,000 | ' | 305,000,000 | ' | ' | ' | 5,000,000 | ' | ' | ' | 305,000,000 | 5,000,000 | ' | 305,000,000 | ' | ' | ' | 5,000,000 | ' | ' | ' | 305,000,000 | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other long-term assets, excluding goodwill | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,990,000,000 | -4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 399,000,000 | 666,000,000 | 335,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000,000 | 2,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,000,000 | 12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 380,000,000 | 200,000,000 | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | 54,000,000 | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 358,000,000 | 146,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | 2,000,000 | 89,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 579,000,000 | 234,000,000 | ' |
Assets held for sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_and_Sales_of_Othe1
Acquisitions and Sales of Other Assets (Accounting Charges) (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | $34 | [1] | $201 | [1] | ' |
FERC mitigation | ' | 117 | ' | ||
Community support and charitable contributions and other | 34 | 92 | ' | ||
Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 196 | ' | ||
FERC mitigation | ' | 117 | ' | ||
Community support and charitable contributions and other | ' | 169 | ' | ||
Total charges related to the merger consummation | ' | 482 | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 8 | 63 | ' | ||
FERC mitigation | ' | 46 | ' | ||
Community support and charitable contributions and other | 14 | 56 | ' | ||
Duke Energy Carolinas [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 63 | ' | ||
FERC mitigation | ' | 46 | ' | ||
Community support and charitable contributions and other | ' | 79 | ' | ||
Total charges related to the merger consummation | ' | 188 | ' | ||
Progress Energy [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 19 | 82 | ' | ||
FERC mitigation | 0 | 71 | 0 | ||
Community support and charitable contributions and other | 20 | 36 | 0 | ||
Progress Energy [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 82 | ' | ||
FERC mitigation | ' | 71 | ' | ||
Community support and charitable contributions and other | ' | 74 | ' | ||
Total charges related to the merger consummation | ' | 227 | ' | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 14 | 55 | ' | ||
FERC mitigation | 0 | 71 | 0 | ||
Community support and charitable contributions and other | 20 | 36 | 0 | ||
Duke Energy Progress [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 55 | ' | ||
FERC mitigation | ' | 71 | ' | ||
Community support and charitable contributions and other | ' | 63 | ' | ||
Total charges related to the merger consummation | ' | 189 | ' | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 5 | 27 | ' | ||
Duke Energy Florida [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 27 | ' | ||
Community support and charitable contributions and other | ' | 11 | ' | ||
Total charges related to the merger consummation | ' | 38 | ' | ||
Duke Energy Ohio [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 2 | 21 | ' | ||
Duke Energy Ohio [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 21 | ' | ||
Community support and charitable contributions and other | ' | 7 | ' | ||
Total charges related to the merger consummation | ' | 28 | ' | ||
Duke Energy Indiana [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | 2 | 18 | ' | ||
Duke Energy Indiana [Member] | Progress Merger [Member] | ' | ' | ' | ||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ||
Severance charges | ' | 18 | ' | ||
Community support and charitable contributions and other | ' | 6 | ' | ||
Total charges related to the merger consummation | ' | $24 | ' | ||
[1] | Includes $5 million and $14 million of accelerated stock award expense and $2 million and $19 million of COBRA and healthcare reimbursement expenses for 2013 and 2012, respectively. |
Acquisitions_and_Sales_of_Othe2
Acquisitions and Sales of Other Assets (Purchase Price Calculation) (Details) (USD $) | 0 Months Ended | ||||
In Millions, except Share data, unless otherwise specified | Jul. 02, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' |
Progress Energy common shares outstanding | ' | 706,000,000 | 704,000,000 | 445,000,000 | 443,000,000 |
Exchange ratio | 87.08% | ' | ' | ' | ' |
Duke Energy common shares issued for Progress Energy common shares outstanding | 257,867,000 | ' | ' | ' | ' |
Closing price of Duke Energy common shares | $69.84 | ' | ' | ' | ' |
Purchase price for common shares | $18,009 | ' | ' | ' | ' |
Fair value of outstanding earned stock compensation awards | 62 | ' | ' | ' | ' |
Total estimated purchase price | $18,071 | ' | ' | ' | ' |
Progress Energy [Member] | ' | ' | ' | ' | ' |
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' | ' |
Progress Energy common shares outstanding | 296,116,000 | 100 | 100 | ' | ' |
Acquisitions_and_Sales_of_Othe3
Acquisitions and Sales of Other Assets (Purchase Price Allocation) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 02, 2012 |
In Millions, unless otherwise specified | |||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' |
Goodwill | $16,340 | $16,365 | ' |
Total estimated purchase price | ' | ' | 18,071 |
Progress Merger [Member] | ' | ' | ' |
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 |
Acquisitions_and_Sales_of_Othe4
Acquisitions and Sales of Other Assets (Pro Forma Financial Information) (Details) (USD $) | 12 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Significant Acquisitions and Disposals [Line Items] | ' | ' |
Revenues | $23,976 | $23,445 |
Net Income Attributable to Duke Energy Corporation | $2,417 | $2,397 |
Basic Earnings Per Share | $3.43 | $3.41 |
Diluted Earnings Per Share | $3.43 | $3.41 |
Acquisitions_and_Sales_of_Othe5
Acquisitions and Sales of Other Assets (Narrative - Change in PPA) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 02, 2012 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Progress Merger [Member] | Purchase Price Allocation Adjustments [Member] | ||
Progress Merger [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ' | ' | ' | ' |
Current assets | ' | ' | $3,204 | ' |
Property, plant and equipment | ' | ' | 23,141 | -138 |
Goodwill | 16,340 | 16,365 | 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) | 12 Months Ended |
Dec. 31, 2013 | |
International Energy [Member] | National Methanol Company [Member] | ' |
Segment Reporting Information [Line Items] | ' |
Equity ownership interest | 25.00% |
Duke Energy Progress [Member] | North Carolina Electric Membership Corporation [Member] | ' |
Segment Reporting Information [Line Items] | ' |
Entity-wide revenue, major customer, percentage | 10.00% |
Business_Segments_Business_Seg
Business Segments (Business Segment Data) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | $6,112 | $6,709 | $5,879 | $5,898 | $5,695 | $6,722 | $3,577 | $3,630 | $24,598 | $19,624 | $14,529 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,546 | 1,242 | 859 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,808 | 2,289 | 1,806 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 122 | 148 | 160 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 1,261 | 705 | 752 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 2,648 | [1],[2],[3],[4],[5],[6],[7] | 1,732 | [4],[8] | 1,705 | [10],[9] |
Add back Noncontrolling interest component | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 14 | 8 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | 17 | 36 | 1 | |||
Net Income (Loss) | 692 | 1,008 | 342 | 634 | 437 | 598 | 448 | 299 | 2,676 | 1,782 | 1,714 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 5,607 | 5,958 | 4,464 | |||
Segment assets | 114,779 | ' | ' | ' | 113,856 | ' | ' | ' | 114,779 | 113,856 | 62,526 | |||
Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 24,598 | [1],[2],[3] | 19,624 | 14,529 | ||
Regulated Utilities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 20,910 | 16,080 | 10,619 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 986 | 806 | 568 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,323 | 1,827 | 1,383 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -1 | -5 | 0 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 1,522 | 942 | 674 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 2,504 | [1],[2],[3],[4],[5],[6],[7] | 1,744 | [4],[8] | 1,181 | [10],[9] |
Segments Notes To Tables [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
After-tax deferral of voluntary severance program expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60 | ' | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 5,049 | 4,220 | 3,717 | |||
Segment assets | 99,884 | ' | ' | ' | 98,162 | ' | ' | ' | 99,884 | 98,162 | 47,977 | |||
Regulated Utilities [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 20,871 | [1],[2],[3] | 16,042 | 10,586 | ||
Regulated Utilities [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 39 | 38 | 33 | |||
Commercial Power [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 2,145 | 2,078 | 2,491 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 64 | 63 | 87 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 250 | 228 | 230 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 14 | 6 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | -104 | -8 | -2 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -3 | [1],[2],[3],[4],[5],[6],[7] | 87 | [4],[8] | 134 | [10],[9] |
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 268 | 1,038 | 492 | |||
Segment assets | 6,955 | ' | ' | ' | 6,992 | ' | ' | ' | 6,955 | 6,992 | 6,939 | |||
Commercial Power [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 2,106 | [1],[2],[3] | 2,020 | 2,480 | ||
Commercial Power [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 39 | 58 | 11 | |||
International Energy [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,546 | 1,549 | 1,467 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 86 | 77 | 47 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 100 | 99 | 90 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 110 | 134 | 145 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 166 | 149 | 196 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 408 | [1],[2],[3],[4],[5],[6],[7] | 439 | [4],[8] | 466 | [10],[9] |
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 67 | 551 | 114 | |||
Segment assets | 4,998 | ' | ' | ' | 5,406 | ' | ' | ' | 4,998 | 5,406 | 4,539 | |||
International Energy [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,546 | [1],[2],[3] | 1,549 | 1,467 | ||
Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 24,601 | 19,707 | 14,577 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,136 | 946 | 702 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,673 | 2,154 | 1,703 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 143 | 151 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 1,584 | 1,083 | 868 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 2,909 | [1],[2],[3],[4],[5],[6],[7] | 2,270 | [4],[8] | 1,781 | [10],[9] |
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 5,384 | 5,809 | 4,323 | |||
Segment assets | 111,837 | ' | ' | ' | 110,560 | ' | ' | ' | 111,837 | 110,560 | 59,455 | |||
Total Reportable Segments [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 24,523 | [1],[2],[3] | 19,611 | 14,533 | ||
Total Reportable Segments [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 96 | 44 | |||
Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 163 | 60 | 44 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 417 | 296 | 157 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 135 | 135 | 103 | |||
Equity in earnings (losses) of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 5 | 9 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | -323 | -378 | -116 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -261 | [1],[2],[3],[4],[5],[6],[7] | -538 | [4],[8] | -76 | [10],[9] |
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 223 | 149 | 141 | |||
Segment assets | 2,754 | ' | ' | ' | 3,126 | ' | ' | ' | 2,754 | 3,126 | 2,961 | |||
Other [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 75 | [1],[2],[3] | 13 | -4 | ||
Other [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 88 | 47 | 48 | |||
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -166 | -143 | -92 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | -7 | ' | ' | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 188 | ' | ' | ' | 170 | ' | ' | ' | 188 | 170 | 110 | |||
Intersegment Eliminations [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -166 | -143 | -92 | |||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 1,715 | 1,919 | 1,591 | 1,729 | 1,609 | 1,939 | 1,616 | 1,501 | 6,954 | 6,665 | 6,493 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 359 | 384 | 360 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 921 | 921 | 814 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 594 | 453 | 472 | |||
Net Income (Loss) | 209 | 342 | 181 | 244 | 130 | 258 | 211 | 266 | 976 | 865 | 834 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 31,273 | ' | ' | ' | 30,642 | ' | ' | ' | 31,273 | 30,642 | ' | |||
Duke Energy Carolinas [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -97 | -169 | -46 | |||
Progress Energy [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 2,300 | 2,766 | 2,281 | 2,186 | 2,227 | 2,788 | 2,288 | 2,102 | 9,533 | 9,405 | 8,948 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 680 | 740 | 725 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 883 | 747 | 701 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 373 | 172 | 323 | |||
Add back Noncontrolling interest component | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 7 | 7 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 52 | -5 | |||
Net Income (Loss) | 196 | 342 | -17 | 154 | 34 | 157 | 64 | 152 | 675 | 407 | 582 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 37,969 | ' | ' | ' | 37,405 | ' | ' | ' | 37,969 | 37,405 | ' | |||
Progress Energy [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 300 | 304 | 324 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -241 | -379 | -273 | |||
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 1,211 | 1,430 | 1,135 | 1,216 | 1,128 | 1,398 | 1,090 | 1,090 | 4,992 | 4,706 | 4,547 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 201 | 207 | 184 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 534 | 535 | 514 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 288 | 110 | 256 | |||
Net Income (Loss) | 138 | 175 | 77 | 110 | 93 | 96 | 31 | 52 | 500 | 272 | 516 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 18,909 | ' | ' | ' | 18,068 | ' | ' | ' | 18,909 | 18,068 | ' | |||
Duke Energy Progress [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -46 | -139 | -18 | |||
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 1,085 | 1,332 | 1,142 | 968 | 1,095 | 1,388 | 1,196 | 1,010 | 4,527 | 4,689 | 4,392 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 180 | 255 | 239 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 330 | 192 | 169 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 213 | 147 | 180 | |||
Net Income (Loss) | 75 | 197 | -57 | 110 | -45 | 100 | 83 | 128 | 325 | 266 | 314 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 14,757 | ' | ' | ' | 15,180 | ' | ' | ' | 14,757 | 15,180 | ' | |||
Duke Energy Florida [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -24 | -58 | -16 | |||
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 868 | 819 | 811 | 747 | 766 | 757 | 717 | 912 | 3,245 | 3,152 | 3,181 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 89 | 104 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 354 | 338 | 335 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 75 | 98 | 96 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 102 | 175 | 194 | [11] | ||
Net Income (Loss) | 6 | 59 | 58 | -21 | 42 | 14 | 45 | 74 | 102 | 175 | 194 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 433 | 514 | 499 | |||
Segment assets | 10,763 | ' | ' | ' | 10,560 | ' | ' | ' | 10,763 | 10,560 | 10,939 | |||
Duke Energy Ohio [Member] | PJM Interconnection, LLC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Entity-wide revenue, major customer, percentage | ' | ' | ' | ' | ' | ' | ' | ' | 37.00% | 36.00% | 24.00% | |||
Duke Energy Ohio [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,245 | [12] | 3,152 | [13] | 3,181 | [14] |
Duke Energy Ohio [Member] | Regulated Utilities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,765 | 1,746 | 1,474 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 74 | 61 | 68 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 200 | 179 | 168 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 91 | 91 | 98 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 151 | 159 | 133 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 375 | 427 | 375 | |||
Segment assets | 6,649 | ' | ' | ' | 6,434 | ' | ' | ' | 6,649 | 6,434 | 6,293 | |||
Duke Energy Ohio [Member] | Regulated Utilities [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,765 | 1,745 | 1,474 | |||
Duke Energy Ohio [Member] | Regulated Utilities [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | |||
Duke Energy Ohio [Member] | Commercial Power [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,512 | 1,458 | 1,711 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 28 | 36 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 154 | 159 | 167 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | -14 | 25 | 6 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -20 | 50 | 78 | [11] | ||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 58 | 87 | 124 | |||
Segment assets | 4,170 | ' | ' | ' | 4,175 | ' | ' | ' | 4,170 | 4,175 | 4,740 | |||
Duke Energy Ohio [Member] | Commercial Power [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,480 | [12] | 1,407 | [13] | 1,707 | [14] |
Duke Energy Ohio [Member] | Commercial Power [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 51 | 4 | |||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,277 | 3,204 | 3,185 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 89 | 104 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 354 | 338 | 335 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 77 | 116 | 104 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | 131 | 209 | 211 | [11] | ||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Capital investments, expenditures and acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | 433 | 514 | 499 | |||
Segment assets | 10,819 | ' | ' | ' | 10,609 | ' | ' | ' | 10,819 | 10,609 | 11,033 | |||
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,245 | [12] | 3,152 | [13] | 3,181 | [14] |
Duke Energy Ohio [Member] | Total Reportable Segments [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 52 | 4 | |||
Duke Energy Ohio [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | -2 | -18 | -8 | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | -29 | -34 | -17 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 99 | ' | ' | ' | 117 | ' | ' | ' | 99 | 117 | 259 | |||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -32 | -52 | -4 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | -155 | ' | ' | ' | -166 | ' | ' | ' | -155 | -166 | -353 | |||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | Unaffiliated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | |||
Duke Energy Ohio [Member] | Intersegment Eliminations [Member] | Intersegment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | ' | ' | ' | ' | ' | ' | ' | ' | -32 | -52 | -4 | |||
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating revenues | 747 | 755 | 700 | 724 | 626 | 718 | 685 | 688 | 2,926 | 2,717 | 2,622 | |||
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | 170 | 138 | 137 | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 342 | 389 | 391 | |||
Income Tax Expense or Benefit from Continuing Operations | ' | ' | ' | ' | ' | ' | ' | ' | 223 | -73 | 74 | |||
Net Income (Loss) | 82 | 104 | 82 | 90 | 59 | -19 | 77 | -167 | 358 | -50 | 168 | |||
Segment Reporting Information Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment assets | 10,548 | ' | ' | ' | 10,008 | ' | ' | ' | 10,548 | 10,008 | ' | |||
Duke Energy Indiana [Member] | Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information, Profit (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment income | ' | ' | ' | ' | ' | ' | ' | ' | ($16) | ($27) | ($12) | |||
[1] | In May 2013, Duke Energy Ohio implemented revised customer rates approved by the PUCO. This increase impacts Regulated Utilities. 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 Regulated Utilities. See Note 4 for additional information about the revised customer rates. | |||||||||||||
[3] | In September 2013, Duke Energy Carolinas implemented revised rates approved by the NCUC and the PSCSC. This increase impacts Regulated Utilities. See Note 4 for additional information about the revised customer rates. | |||||||||||||
[4] | Other includes after-tax costs to achieve the merger with Progress Energy. See Notes 2 and 25 for additional information about the merger and related costs. | |||||||||||||
[5] | Regulated Utilities recorded charges related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information about the Crystal River Unit 3 charges. | |||||||||||||
[6] | Regulated Utilities recorded an impairment charge related to Duke Energy Progress' Shearon Harris Nuclear Station (Harris) site. Regulated Utilities also recorded an impairment charge related to Duke Energy Florida's proposed nuclear plant in Levy County, Florida (Levy) site. See Note 4 for additional information about the Harris site and Levy site impairments. | |||||||||||||
[7] | Other includes gain from the sale of Duke Energy's ownership interest in DukeNet. See Note 12 for additional information on the sale of DukeNet. | |||||||||||||
[8] | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. Regulated Utilities 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 19 for additional information about these expenses. | |||||||||||||
[9] | Regulated Utilities recorded charges related to Duke Energy Indiana's IGCC project. See Note 4 for additional information about these charges. | |||||||||||||
[10] | Commercial Power recorded charges to write-down the carrying value of certain emission allowances. See Note 11 for additional information about these charges. | |||||||||||||
[11] | Commercial Power recorded charges during the year ended December 31, 2011, to write-down the carrying value of certain emission allowances. See Note 11 for additional information. | |||||||||||||
[12] | Duke Energy Ohio earned approximately 37 percent of its consolidated operating revenues from PJM Interconnection, LLC (PJM) in 2013, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | |||||||||||||
[13] | Duke Energy Ohio earned approximately 36 percent of its consolidated operating revenues from PJM in 2012, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. | |||||||||||||
[14] | Duke Energy Ohio earned approximately 24 percent of its consolidated operating revenues from PJM in 2011, all of which is included in the Commercial Power segment. These revenues relate to the sale of capacity and electricity from Commercial Power's nonregulated generation assets. |
Business_Segments_Schedule_of_
Business Segments (Schedule of Revenue and Long-Lived Assets, By Geographical Area) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Consolidated long-lived assets | $81,362 | ' | ' | ' | $81,611 | ' | ' | ' | $81,362 | $81,611 | $48,532 | |||||
Consolidated revenue | 6,112 | 6,709 | 5,879 | 5,898 | 5,695 | 6,722 | 3,577 | 3,630 | 24,598 | 19,624 | 14,529 | |||||
U.S. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Consolidated long-lived assets | 78,581 | ' | ' | ' | 79,144 | ' | ' | ' | 78,581 | 79,144 | 45,920 | |||||
Consolidated revenue | ' | ' | ' | ' | ' | ' | ' | ' | 23,053 | 18,078 | 13,062 | |||||
Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Consolidated long-lived assets | 2,781 | [1] | ' | ' | ' | 2,467 | [1] | ' | ' | ' | 2,781 | [1] | 2,467 | [1] | 2,612 | [1] |
Consolidated revenue | ' | ' | ' | ' | ' | ' | ' | ' | $1,545 | [1] | $1,546 | [1] | $1,467 | [1] | ||
[1] | Change in amounts of long-lived assets in Latin America includes foreign currency translation adjustments on property, plant and equipment and other long-lived asset balances. |
Regulatory_Matters_Narrative_D
Regulatory Matters (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 24 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 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 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 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] | ||||
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] | William State Lee III Nuclear Station [Member] | Rate Case [Member] | Rate Case [Member] | Rate Case Step One [Member] | Rate Case Step Two [Member] | Shearon Harris Nuclear Station [Member] | Removal Costs [Member] | Removal Costs [Member] | Removal Costs [Member] | 2012 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] | Crystal River Unit 3 [Member] | Levy Nuclear Station [Member] | Levy Nuclear Station [Member] | Electric Rate Case [Member] | Natural Gas Rate Case [Member] | MGP Remidiation [Member] | Capacity Rider Filing [Member] | RTO Realignment [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] | NCUC [Member] | NCUC [Member] | NCUC [Member] | NCUC [Member] | New Generation Needs [Member] | Minimum [Member] | Maximum [Member] | Retail Portion [Member] | Minimum [Member] | Maximum [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | 2013 FPSC Settlement Agreement [Member] | NEIL Settlement [Member] | 2013 FPSC Settlement Agreement [Member] | PUCO [Member] | PUCO [Member] | PUCO [Member] | Edwardsport Event October 30, 2012 [Member] | Edwardsport Event November 20, 2007 [Member] | Edwardsport Event December 27, 2012 [Member] | ||||||||||||||||||||||||||||||||
Removal Costs Reduction Year One [Member] | Removal Costs Reduction Year Two [Member] | Removal Costs Reduction [Member] | Removal Costs Reduction [Member] | MW | Amount Subject To Cost Cap [Member] | Uprate And Dry Cask Storage Projects [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Combined cycle capacity, MW | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional generation capacity, MW | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated capital cost of new utility plant excluding AFUDC. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,150,000,000 | ' | ' |
Estimated capital cost of new utility plant, including AFUDC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,985,000,000 | 2,595,000,000 |
Net property, plant and equipment | 69,490,000,000 | 68,558,000,000 | ' | 22,826,000,000 | ' | 23,012,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 382,000,000 | 13,650,000,000 | 13,062,000,000 | ' | ' | ' | ' | ' | ' | 9,611,000,000 | 9,360,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 117,000,000 | ' | 8,235,000,000 | 8,126,000,000 | ' | ' | ' | ' | ' | ' | 8,320,000,000 | ' | 8,576,000,000 | ' | ' | ' | ' | ' |
Approved rate increase amount by state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 204,000,000 | 80,000,000 | 30,000,000 | 38,000,000 | ' | ' | ' | ' | ' | ' | 147,000,000 | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49,000,000 | ' | 56,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Requested rate increase amount to state commission | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 729,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate increase begin date | ' | ' | ' | ' | ' | ' | '9/25/2013 | ' | ' | '9/18/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6/1/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5/1/2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approved percentage rate increase 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% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.50% | 9.50% | 11.50% | ' | ' | ' | ' | ' | 7.35% | ' | ' | ' | ' | ' | ' | ' | ' | 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 | 399,000,000 | 666,000,000 | 335,000,000 | 31,000,000 | 12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | 54,000,000 | 3,000,000 | ' | ' | ' | ' | 22,000,000 | 358,000,000 | 146,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295,000,000 | ' | ' | ' | ' | 65,000,000 | 5,000,000 | 2,000,000 | 89,000,000 | ' | ' | ' | ' | ' | 579,000,000 | 234,000,000 | ' | 631,000,000 | 897,000,000 | ' | ' | ' |
Cost Cap for customers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,466,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
MISO estimate of Duke Energy Ohio's MVP obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovery costs not sought | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 121,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Repair costs, range of possible costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000,000 | 1,300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint owner settlement amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,000,000 | 45,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrecovered investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 264,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of reduction to carrying amount of regulatory liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 114,000,000 | 178,000,000 | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Independent review repair costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,490,000,000 | 3,430,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decommissioning cost study estimate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,180,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 130,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Regulatory assets, current | 895,000,000 | 737,000,000 | ' | 221,000,000 | ' | 295,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,000,000 | 77,000,000 | ' | ' | ' | ' | ' | ' | 221,000,000 | 179,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 97,000,000 | ' | 57,000,000 | 46,000,000 | ' | ' | ' | ' | ' | ' | 126,000,000 | ' | 118,000,000 | ' | ' | ' | ' | ' |
Regulatory assets, noncurrent | 9,191,000,000 | 11,004,000,000 | ' | 1,727,000,000 | ' | 1,527,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,384,000,000 | 1,845,000,000 | ' | ' | ' | ' | ' | 47,000,000 | 2,729,000,000 | 3,321,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 134,000,000 | ' | ' | ' | 1,310,000,000,000 | 323,000,000 | ' | 50,000,000 | ' | 471,000,000 | 579,000,000 | ' | ' | ' | ' | ' | 74,000,000 | 810,000,000 | ' | 717,000,000 | ' | ' | ' | ' | ' |
Regulatory liability, noncurrent | $5,949,000,000 | $5,584,000,000 | ' | $2,102,000,000 | ' | $2,576,000,000 | ' | $30,000,000 | $30,000,000 | ' | $45,000,000 | ' | ' | ' | ' | ' | $1,673,000,000 | $1,538,000,000 | ' | ' | $20,000,000 | ' | ' | ' | $618,000,000 | $787,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $490,000,000 | ' | ' | $262,000,000 | $254,000,000 | ' | ' | ' | ' | ' | ' | $741,000,000 | ' | $782,000,000 | ' | ' | ' | ' | ' |
Regulatory_Matters_Schedule_of
Regulatory Matters (Schedule of Regulatory Assets and Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | $895 | $737 |
Regulatory assets, noncurrent | 9,191 | 11,004 |
Regulatory assets | 10,086 | 11,741 |
Regulatory liabilities - current | 316 | 156 |
Regulatory liabilities - noncurrent | 5,949 | 5,584 |
Regulatory liabilities | 6,265 | 5,740 |
Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 5,308 | 4,827 |
Amounts To Be Refunded to Customers [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 151 | 290 |
Storm Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 145 | 125 |
Accrued Pension And Other Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 138 | 103 |
Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 177 | 55 |
Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 346 | 340 |
Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,723 | 3,306 |
Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,748 | 1,781 |
Debt Fair Value Adjustment [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,338 | 1,472 |
Asset Retirement Obligations Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,608 | 1,461 |
Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,115 | 1,373 |
Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 450 | 710 |
Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 371 | 322 |
Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 210 | 245 |
Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 94 | 162 |
Nuclear Deferral [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 262 | 142 |
Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 459 | 122 |
Gasification Services Agreement Buyout Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 75 | 95 |
Transmission Expansion Obligation [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 70 | 72 |
Manufactured Gas Plant Environmental Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 90 | 77 |
Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 473 | 401 |
Duke Energy Carolinas [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 295 | 221 |
Regulatory assets, noncurrent | 1,527 | 1,727 |
Regulatory assets | 1,822 | 1,948 |
Regulatory liabilities - current | 65 | 78 |
Regulatory liabilities - noncurrent | 2,576 | 2,102 |
Regulatory liabilities | 2,641 | 2,180 |
Duke Energy Carolinas [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 2,423 | 1,928 |
Duke Energy Carolinas [Member] | Storm Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 20 | ' |
Duke Energy Carolinas [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 45 | 45 |
Duke Energy Carolinas [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 153 | 207 |
Duke Energy Carolinas [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 347 | 602 |
Duke Energy Carolinas [Member] | Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 68 | ' |
Duke Energy Carolinas [Member] | Asset Retirement Obligations Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 123 | 48 |
Duke Energy Carolinas [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 555 | 731 |
Duke Energy Carolinas [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 98 | 88 |
Duke Energy Carolinas [Member] | Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 140 | 107 |
Duke Energy Carolinas [Member] | Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 82 | 85 |
Duke Energy Carolinas [Member] | Nuclear Deferral [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 40 | ' |
Duke Energy Carolinas [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 150 | 27 |
Duke Energy Carolinas [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 219 | 260 |
Progress Energy [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 353 | 256 |
Regulatory assets, noncurrent | 4,155 | 5,292 |
Regulatory assets | 4,508 | 5,548 |
Regulatory liabilities - current | 207 | 28 |
Regulatory liabilities - noncurrent | 2,292 | 2,469 |
Regulatory liabilities | 2,499 | 2,497 |
Progress Energy [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 2,008 | 2,048 |
Progress Energy [Member] | Amounts To Be Refunded to Customers [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 120 | 259 |
Progress Energy [Member] | Storm Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 125 | 125 |
Progress Energy [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 132 | 10 |
Progress Energy [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 114 | 55 |
Progress Energy [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 750 | 1,650 |
Progress Energy [Member] | Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,619 | 1,720 |
Progress Energy [Member] | Asset Retirement Obligations Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 786 | 713 |
Progress Energy [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 331 | 401 |
Progress Energy [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 318 | 550 |
Progress Energy [Member] | Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 152 | 121 |
Progress Energy [Member] | Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 55 | 65 |
Progress Energy [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 37 | 109 |
Progress Energy [Member] | Nuclear Deferral [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 222 | 142 |
Progress Energy [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 137 | ' |
Progress Energy [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 101 | 77 |
Duke Energy Progress [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 127 | 77 |
Regulatory assets, noncurrent | 1,384 | 1,845 |
Regulatory assets | 1,511 | 1,922 |
Regulatory liabilities - current | 63 | 10 |
Regulatory liabilities - noncurrent | 1,673 | 1,538 |
Regulatory liabilities | 1,736 | 1,548 |
Duke Energy Progress [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 1,637 | 1,503 |
Duke Energy Progress [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | ' | 10 |
Duke Energy Progress [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 99 | 35 |
Duke Energy Progress [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 269 | 769 |
Duke Energy Progress [Member] | Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 241 | 128 |
Duke Energy Progress [Member] | Asset Retirement Obligations Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 389 | 372 |
Duke Energy Progress [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 113 | 175 |
Duke Energy Progress [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 165 | 240 |
Duke Energy Progress [Member] | Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 140 | 121 |
Duke Energy Progress [Member] | Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 50 | 65 |
Duke Energy Progress [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 6 | ' |
Duke Energy Progress [Member] | Nuclear Deferral [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 77 | ' |
Duke Energy Progress [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 19 | ' |
Duke Energy Progress [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 42 | 52 |
Duke Energy Florida [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 221 | 179 |
Regulatory assets, noncurrent | 2,729 | 3,321 |
Regulatory assets | 2,950 | 3,500 |
Regulatory liabilities - current | 144 | 18 |
Regulatory liabilities - noncurrent | 618 | 787 |
Regulatory liabilities | 762 | 805 |
Duke Energy Florida [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 371 | 401 |
Duke Energy Florida [Member] | Amounts To Be Refunded to Customers [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 120 | 259 |
Duke Energy Florida [Member] | Storm Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 125 | 125 |
Duke Energy Florida [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 132 | ' |
Duke Energy Florida [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 14 | 20 |
Duke Energy Florida [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 438 | 754 |
Duke Energy Florida [Member] | Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 1,378 | 1,592 |
Duke Energy Florida [Member] | Asset Retirement Obligations Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 397 | 341 |
Duke Energy Florida [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 218 | 226 |
Duke Energy Florida [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 153 | 310 |
Duke Energy Florida [Member] | Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 12 | ' |
Duke Energy Florida [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 31 | 109 |
Duke Energy Florida [Member] | Nuclear Deferral [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 145 | 142 |
Duke Energy Florida [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 118 | ' |
Duke Energy Florida [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 60 | 26 |
Duke Energy Ohio [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 57 | 46 |
Regulatory assets, noncurrent | 471 | 579 |
Regulatory assets | 528 | 625 |
Regulatory liabilities - current | 27 | 39 |
Regulatory liabilities - noncurrent | 262 | 254 |
Regulatory liabilities | 289 | 293 |
Duke Energy Ohio [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 241 | 236 |
Duke Energy Ohio [Member] | Accrued Pension And Other Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 21 | 18 |
Duke Energy Ohio [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 27 | 39 |
Duke Energy Ohio [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 120 | 225 |
Duke Energy Ohio [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 72 | 82 |
Duke Energy Ohio [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 5 | 9 |
Duke Energy Ohio [Member] | Demand Side Management And Energy Efficiency [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 79 | 94 |
Duke Energy Ohio [Member] | Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 7 | 7 |
Duke Energy Ohio [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 14 | 1 |
Duke Energy Ohio [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 21 | 19 |
Duke Energy Ohio [Member] | Transmission Expansion Obligation [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 74 | 72 |
Duke Energy Ohio [Member] | Manufactured Gas Plant Environmental Reserve [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 90 | 77 |
Duke Energy Ohio [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 46 | 39 |
Duke Energy Indiana [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets - current | 118 | 126 |
Regulatory assets, noncurrent | 717 | 810 |
Regulatory assets | 835 | 936 |
Regulatory liabilities - current | 16 | 11 |
Regulatory liabilities - noncurrent | 782 | 741 |
Regulatory liabilities | 798 | 752 |
Duke Energy Indiana [Member] | Removal Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 645 | 624 |
Duke Energy Indiana [Member] | Amounts To Be Refunded to Customers [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 31 | 31 |
Duke Energy Indiana [Member] | Accrued Pension And Other Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 77 | 68 |
Duke Energy Indiana [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory liabilities | 45 | 29 |
Duke Energy Indiana [Member] | Accrued Pension And Post Retirement [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 219 | 325 |
Duke Energy Indiana [Member] | Retired Generation Facilities [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 61 | 61 |
Duke Energy Indiana [Member] | Net Regulatory Asset Related To Income Taxes [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 157 | 158 |
Duke Energy Indiana [Member] | Hedge Cost and Other Deferrals [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 29 | 63 |
Duke Energy Indiana [Member] | Vacation Accrual [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 13 | 13 |
Duke Energy Indiana [Member] | Deferred Fuel [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 43 | 52 |
Duke Energy Indiana [Member] | Post-In-Service Carrying Costs And Deferred Operating Expense [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 151 | 76 |
Duke Energy Indiana [Member] | Gasification Services Agreement Buyout Costs [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | 75 | 95 |
Duke Energy Indiana [Member] | Other [Member] | ' | ' |
Regulatory Assets Liabilities [Line Items] | ' | ' |
Regulatory assets | $87 | $93 |
Regulatory_Matters_Refunds_Det
Regulatory Matters (Refunds) (Details) (Duke Energy Florida [Member], USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | |
Florida Public Service Commission Settlement Agreement 2012 [Member] | ' | |
Regulatory Assets Liabilities [Line Items] | ' | |
Customer refunds to date | $129 | |
2014 | 139 | |
2015 | 10 | |
2016 | 10 | |
Total Customer Refunds To Be Paid | 288 | [1] |
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 | 326 | |
2014 | 164 | |
Total Customer Refunds To Be Paid | 490 | |
Total Customer Refunds [Member] | ' | |
Regulatory Assets Liabilities [Line Items] | ' | |
Customer refunds to date | 455 | |
2014 | 303 | |
2015 | 50 | |
2016 | 70 | |
Total Customer Refunds To Be Paid | 878 | |
Accelerated Regulatory Asset Recovery [Member] | ' | |
Regulatory Assets Liabilities [Line Items] | ' | |
2014 | -37 | |
2015 | -37 | |
2016 | -56 | |
Total Customer Refunds To Be Paid | -130 | |
Net Customer Refunds [Member] | ' | |
Regulatory Assets Liabilities [Line Items] | ' | |
Customer refunds to date | 455 | |
2014 | 266 | |
2015 | 13 | |
2016 | 14 | |
Total Customer Refunds To Be Paid | $748 | |
[1] | See discussion under Customer Rate Matters section below. |
Regulatory_Matters_Schedule_of1
Regulatory Matters (Schedule of MISO Exit fees)(Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | |
Restructuring Reserve [Roll Forward] | ' | ' | |
Balance, beginning of period | $135 | ' | |
Cash reductions | -123 | ' | |
Provision/adjustments | 52 | ' | |
Balance, end of period | 64 | ' | |
Total regulatory assets | 10,086 | 11,741 | |
Duke Energy Ohio [Member] | ' | ' | |
Restructuring Reserve [Roll Forward] | ' | ' | |
Total regulatory assets | 528 | 625 | |
Duke Energy Ohio [Member] | RTO Realignment [Member] | ' | ' | |
Restructuring Reserve [Roll Forward] | ' | ' | |
Balance, beginning of period | 97 | ' | |
Cash reductions | -4 | ' | |
Provision/adjustments | 2 | ' | |
Balance, end of period | 95 | [1] | ' |
Total regulatory assets | $74 | ' | |
[1] | As of December 31, 2013, $74 million is recorded as a Regulatory asset on Duke Energy Ohio's Consolidated Balance Sheets. |
Regulatory_Matters_Schedule_of2
Regulatory Matters (Schedule of Net Carrying Value Of Facilities As Well As the Remaining Non-current Regulatory Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | ||||||
In Millions, unless otherwise specified | Generation Facilities To Be Retired [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [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 Indiana [Member] | Duke Energy Indiana [Member] | Duke Energy Indiana [Member] | ||||||||
MW | Generation Facilities To Be Retired [Member] | Generation Facilities To Be Retired [Member] | Generation Facilities To Be Retired [Member] | Generation Facilities To Be Retired [Member] | Generation Facilities To Be Retired [Member] | |||||||||||||||||||||
MW | MW | MW | MW | MW | ||||||||||||||||||||||
Public Utilities, General Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Megawatt of potential plants to be retired | ' | ' | 2,447 | ' | ' | 200 | [1] | ' | ' | 873 | [2] | ' | ' | ' | ' | 873 | [2] | ' | ' | 706 | [3] | ' | ' | 668 | [4] | |
Net property, plant and equipment | $69,490 | $68,558 | $260 | [5] | $23,012 | $22,826 | $14 | [1],[5] | $23,382 | $22,697 | $113 | [2],[5] | $13,650 | $13,062 | $9,611 | $9,360 | $113 | [2],[5] | $8,235 | $8,126 | $10 | [3],[5] | $8,576 | $8,320 | $123 | [4],[5] |
[1] | 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. | |||||||||||||||||||||||||
[2] | Includes Crystal River Units 1 and 2. | |||||||||||||||||||||||||
[3] | Includes Beckjord Units 4 through 6 and Miami Fort Unit 6. 150 MW Beckjord Station Unit 4 was retired on February 17, 2014. Beckjord units have no remaining book value. | |||||||||||||||||||||||||
[4] | 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. | |||||||||||||||||||||||||
[5] | Included in Property, plant and equipment, net as of December 31, 2013, on the Consolidated Balance Sheets. |
Commitments_and_Contingencies_1
Commitments and Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2009 | Dec. 31, 2012 | |||
Insurance [Abstract] | ' | ' | ' | ||
Insured public liability limit per nuclear incident | $13,600,000,000 | ' | ' | ||
Primary nuclear liability program coverage | 375,000,000 | ' | ' | ||
Excess nuclear liability program coverage | 13,200,000,000 | ' | ' | ||
Pro rata assessment for each reactor owned for each incident exceeding public liability insurance | 127,000,000 | ' | ' | ||
Annual payment limit to pro rata assessments | 19,000,000 | ' | ' | ||
Industry aggregate limit | 3,200,000,000 | ' | ' | ||
Sublimit for non-nuclear terrorist events | 1,830,000,000 | ' | ' | ||
Number of licensed nuclear reactors | 104 | ' | ' | ||
Primary property insurance coverage per nuclear facility | 500,000,000 | ' | ' | ||
Sublimit property damage losses | 1,500,000,000 | ' | ' | ||
Percentage of insurance coverage during initial weeks of covered event | 100.00% | ' | ' | ||
Initial weeks of insurance coverage | 52 | ' | ' | ||
Percentage of insurance coverage during additional weeks of covered event | 80.00% | ' | ' | ||
Additional weeks of insurance coverage | 110 | ' | ' | ||
Sublimit accidental outage recovery | 328,000,000 | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Probable insurance recoveries | 649,000,000 | [1],[2],[3] | ' | 781,000,000 | [1],[2],[3] |
Minimum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Estimated cost of complying with recently issued and proposed EPA regulations | 4,500,000,000 | ' | ' | ||
Estimated amount of ash released, in tons | 30,000 | ' | ' | ||
Estimated amount of ash basin water released, in gallons | 24,000,000 | ' | ' | ||
Maximum [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Estimated cost of complying with recently issued and proposed EPA regulations | 5,500,000,000 | ' | ' | ||
Estimated amount of ash released, in tons | 39,000 | ' | ' | ||
Estimated amount of ash basin water released, in gallons | 27,000,000 | ' | ' | ||
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 related to litigation settlement | 22,000,000 | ' | ' | ||
Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 74,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Primary property insurance deductible per occurrence obligation | 10,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for primary property insurance | 42,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for excess property insurance | 36,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for accidental outage insurance | 29,000,000 | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Probable insurance recoveries | 649,000,000 | [1],[2],[3] | ' | 781,000,000 | [1],[2],[3] |
Duke Energy Carolinas [Member] | McGuire Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 750,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance additional shared limits | 1,000,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 4,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 490,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | Oconee Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 750,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance additional shared limits | 1,000,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 3,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 378,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | Catawba Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Primary property insurance deductible per occurrence obligation | 3,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 2,250,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 4,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 490,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | New Source Review Provisions Of Clean Air Act [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Maximum civil penalties per day for each violation | 37,500 | ' | ' | ||
Duke Energy Carolinas [Member] | Asbestos Issue [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Asbestos-related injuries and damages reserves | 616,000,000 | ' | 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 | 31 | ' | ' | ||
Asbestos-related injuries and damages reserves | 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 | 96 | ' | ' | ||
Asbestos-related injuries and damages reserves | 24,000,000 | ' | ' | ||
Duke Energy Carolinas [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 29,000,000 | ' | ' | ||
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 | ||
Progress Energy [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 5,000,000 | ' | ' | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Primary property insurance deductible per occurrence obligation | 10,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for primary property insurance | 33,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for excess property insurance | 32,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for accidental outage insurance | 14,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Robinson Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 750,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance additional shared limits | 1,000,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 2,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 308,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Brunswick Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 750,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance additional shared limits | 1,000,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 3,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 406,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Shearon Harris Nuclear Station [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 750,000,000 | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance additional shared limits | 1,000,000,000 | ' | ' | ||
Accidental outage insurance coverage per week | 3,000,000 | ' | ' | ||
Accidental outage insurance coverage policy limit | 364,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Spent Nuclear Fuels [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain contingency, unrecorded amount | 84,000,000 | ' | ' | ||
Duke Energy Progress [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 2,000,000 | ' | ' | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Primary property insurance deductible per occurrence obligation | 10,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for primary property insurance | 6,000,000 | ' | ' | ||
Maximum potentional retroactive premium assessments for excess property insurance | 4,000,000 | ' | ' | ||
Duke Energy Florida [Member] | Crystal River Unit 3 [Member] | ' | ' | ' | ||
Insurance [Abstract] | ' | ' | ' | ||
Excess property, decontamination and decommissioning liability insurance limits on each nuclear plant | 560,000,000 | ' | ' | ||
Duke Energy Florida [Member] | Spent Nuclear Fuels [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain contingency, unrecorded amount | 21,000,000 | ' | ' | ||
Duke Energy Florida [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 3,000,000 | ' | ' | ||
Duke Energy Ohio [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | 35,000,000 | ' | ' | ||
Duke Energy Indiana [Member] | Edwardsport IGCC Plant [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Gain contingency, unrecorded amount | 560,000,000 | ' | ' | ||
Duke Energy Indiana [Member] | Environmental Reserves [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts [Abstract] | ' | ' | ' | ||
Loss contingency, range of possible loss, portion not acccrued | $5,000,000 | ' | ' | ||
[1] | Classified in the respective Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Other within Current Liabilities. | ||||
[2] | Classified in the respective Consolidated Balance Sheets in Other within Investments and Other Assets and Receivables. | ||||
[3] | 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 $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | $824 | [1],[2] | $846 | [1],[2] |
Probable insurance recoveries | 649 | [1],[3],[4] | 781 | [1],[3],[4] |
Duke Energy Carolinas [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 616 | [1],[2] | 751 | [1],[2] |
Probable insurance recoveries | 649 | [1],[3],[4] | 781 | [1],[3],[4] |
Progress Energy [Member] | ' | ' | ||
Loss Contingencies [Line Items] | ' | ' | ||
Reserves for legal matters | 78 | [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] | Classified in the respective 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] | Classified in the respective 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 $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | $75 | $61 | $88 |
Provision/adjustments | 26 | 39 | 6 |
Cash reductions | -22 | -25 | -33 |
Ending balance | 79 | 75 | 61 |
Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 525 | ' | ' |
Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 625 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 12 | 12 | 13 |
Provision/adjustments | ' | 1 | ' |
Cash reductions | -1 | -1 | -1 |
Ending balance | 11 | 12 | 12 |
Duke Energy Carolinas [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 40 | ' | ' |
Duke Energy Carolinas [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 50 | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 15 | 28 | 50 |
Provision/adjustments | 20 | 5 | 5 |
Cash reductions | -8 | -18 | -27 |
Ending balance | 27 | 15 | 28 |
Duke Energy Ohio [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 35 | ' | ' |
Duke Energy Ohio [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 50 | ' | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 8 | 9 | 11 |
Provision/adjustments | 1 | 3 | 1 |
Cash reductions | -2 | -4 | -3 |
Ending balance | 7 | 8 | 9 |
Duke Energy Indiana [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 425 | ' | ' |
Duke Energy Indiana [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 485 | ' | ' |
Progress Energy [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 33 | 23 | 35 |
Provision/adjustments | 4 | 19 | 10 |
Cash reductions | -10 | -9 | -22 |
Ending balance | 27 | 33 | 23 |
Progress Energy [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 25 | ' | ' |
Progress Energy [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 40 | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 14 | 11 | 12 |
Provision/adjustments | -1 | 5 | 1 |
Cash reductions | -5 | -2 | -2 |
Ending balance | 8 | 14 | 11 |
Duke Energy Progress [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 10 | ' | ' |
Duke Energy Progress [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 15 | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Beginning balance | 19 | 12 | 23 |
Provision/adjustments | 5 | 14 | 9 |
Cash reductions | -5 | -7 | -20 |
Ending balance | 19 | 19 | 12 |
Duke Energy Florida [Member] | Minimum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | 15 | ' | ' |
Duke Energy Florida [Member] | Maximum [Member] | ' | ' | ' |
Accrual for Environmental Loss Contingencies [Roll Forward] | ' | ' | ' |
Estimated cost of complying with EPA Mercury and Air Toxics Standards | $25 | ' | ' |
Commitments_and_Contingencies_3
Commitments and Contingencies (PurchPower)(Details) (Public Utilities Purchased Power [Member], USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | |
Duke Energy Progress [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, share of plant output being purchased | 100.00% | |
2014 | $36 | [1] |
2015 | 36 | [1] |
2016 | 36 | [1] |
2017 | 37 | [1] |
2018 | 37 | [1] |
Thereafter | 69 | [1] |
Total | 251 | [1] |
Duke Energy Progress [Member] | Maximum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2022 | |
Duke Energy Progress [Member] | Minimum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2019 | |
Duke Energy Florida [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
2014 | 288 | [2] |
2015 | 295 | [2] |
2016 | 295 | [2] |
2017 | 288 | [2] |
2018 | 303 | [2] |
Thereafter | 2,139 | [2] |
Total | 3,608 | [2] |
Duke Energy Florida [Member] | Maximum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2025 | |
Long-term contract for purchase of electric power, share of plant output being purchased | 100.00% | |
Duke Energy Florida [Member] | Minimum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2014 | |
Long-term contract for purchase of electric power, share of plant output being purchased | 2.00% | |
Duke Energy Ohio [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
2014 | 250 | [3] |
2015 | 97 | [3] |
Total | $347 | [3] |
Duke Energy Ohio [Member] | Maximum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2015 | |
Long-term contract for purchase of electric power, share of plant output being purchased | 24.00% | |
Duke Energy Ohio [Member] | Minimum [Member] | ' | |
Unconditional Purchase Obligations [Abstract] | ' | |
Long-term contract for purchase of electric power, date of contract expiration | '2014 | |
Long-term contract for purchase of electric power, share of plant output being purchased | 1.00% | |
[1] | Contracts represent 100 percent of net plant output. | |
[2] | Contracts represent between 2 percent and 100 percent of net plant output. | |
[3] | Contracts represent between 1 percent and 24 percent of net plant output. |
Commitments_and_Contingencies_4
Commitments and Contingencies (Future Minimum Payments for Operating and Capital Leases) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | $321 | $232 | $104 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 175 | ' | ' |
2015 | 159 | ' | ' |
2016 | 147 | ' | ' |
2017 | 137 | ' | ' |
2018 | 117 | ' | ' |
Thereafter | 1,034 | ' | ' |
Total future minimum lease payments | 1,769 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 171 | ' | ' |
2015 | 167 | ' | ' |
2016 | 169 | ' | ' |
2017 | 166 | ' | ' |
2018 | 176 | ' | ' |
Thereafter | 1,453 | ' | ' |
Minimum annual payments | 2,302 | ' | ' |
Less amount representing interest | -786 | ' | ' |
Total | 1,516 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 39 | 38 | 43 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 34 | ' | ' |
2015 | 29 | ' | ' |
2016 | 24 | ' | ' |
2017 | 20 | ' | ' |
2018 | 15 | ' | ' |
Thereafter | 67 | ' | ' |
Total future minimum lease payments | 189 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 6 | ' | ' |
2015 | 6 | ' | ' |
2016 | 6 | ' | ' |
2017 | 6 | ' | ' |
2018 | 6 | ' | ' |
Thereafter | 25 | ' | ' |
Minimum annual payments | 55 | ' | ' |
Less amount representing interest | -27 | ' | ' |
Total | 28 | ' | ' |
Progress Energy [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 225 | 232 | 104 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 93 | ' | ' |
2015 | 89 | ' | ' |
2016 | 90 | ' | ' |
2017 | 89 | ' | ' |
2018 | 78 | ' | ' |
Thereafter | 773 | ' | ' |
Total future minimum lease payments | 1,212 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 47 | ' | ' |
2015 | 47 | ' | ' |
2016 | 47 | ' | ' |
2017 | 46 | ' | ' |
2018 | 45 | ' | ' |
Thereafter | 475 | ' | ' |
Minimum annual payments | 707 | ' | ' |
Less amount representing interest | -454 | ' | ' |
Total | 253 | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 153 | 164 | 88 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 55 | ' | ' |
2015 | 51 | ' | ' |
2016 | 51 | ' | ' |
2017 | 50 | ' | ' |
2018 | 40 | ' | ' |
Thereafter | 459 | ' | ' |
Total future minimum lease payments | 706 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 20 | ' | ' |
2015 | 20 | ' | ' |
2016 | 21 | ' | ' |
2017 | 21 | ' | ' |
2018 | 21 | ' | ' |
Thereafter | 261 | ' | ' |
Minimum annual payments | 364 | ' | ' |
Less amount representing interest | -275 | ' | ' |
Total | 89 | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 72 | 68 | 15 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 39 | ' | ' |
2015 | 39 | ' | ' |
2016 | 39 | ' | ' |
2017 | 39 | ' | ' |
2018 | 38 | ' | ' |
Thereafter | 314 | ' | ' |
Total future minimum lease payments | 508 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 26 | ' | ' |
2015 | 27 | ' | ' |
2016 | 26 | ' | ' |
2017 | 26 | ' | ' |
2018 | 25 | ' | ' |
Thereafter | 213 | ' | ' |
Minimum annual payments | 343 | ' | ' |
Less amount representing interest | -179 | ' | ' |
Total | 164 | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 14 | 14 | 19 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 12 | ' | ' |
2015 | 11 | ' | ' |
2016 | 8 | ' | ' |
2017 | 7 | ' | ' |
2018 | 5 | ' | ' |
Thereafter | 18 | ' | ' |
Total future minimum lease payments | 61 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 9 | ' | ' |
2015 | 7 | ' | ' |
2016 | 6 | ' | ' |
2017 | 3 | ' | ' |
2018 | 3 | ' | ' |
Thereafter | 2 | ' | ' |
Minimum annual payments | 30 | ' | ' |
Less amount representing interest | -3 | ' | ' |
Total | 27 | ' | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
Operating Leased Assets | ' | ' | ' |
Rental expense on operating leases | 22 | 20 | 24 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 18 | ' | ' |
2015 | 15 | ' | ' |
2016 | 12 | ' | ' |
2017 | 9 | ' | ' |
2018 | 7 | ' | ' |
Thereafter | 8 | ' | ' |
Total future minimum lease payments | 69 | ' | ' |
Capital Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
2014 | 5 | ' | ' |
2015 | 4 | ' | ' |
2016 | 4 | ' | ' |
2017 | 2 | ' | ' |
2018 | 2 | ' | ' |
Thereafter | 28 | ' | ' |
Minimum annual payments | 45 | ' | ' |
Less amount representing interest | -30 | ' | ' |
Total | $15 | ' | ' |
Debt_and_Credit_Facilities_Nar
Debt and Credit Facilities (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Other Debt Matters [Abstract] | ' | ' |
Subsidiary debt guaranteed by parent | $811,000,000 | $734,000,000 |
Demand notes, maximum amount available for sale | 3,000,000,000 | ' |
Demand notes, maximum amount outstanding | 1,500,000,000 | ' |
Principal amount of demand notes | 836,000,000 | 395,000,000 |
Other Loans [Abstract] | ' | ' |
Other loans outstanding against cash surrender value of life insurance policies | 571,000,000 | 496,000,000 |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Duke Energy Carolinas [Member] | ' | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Progress Energy [Member] | ' | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Duke Energy Progress [Member] | ' | ' |
Other Loans [Abstract] | ' | ' |
Other loans outstanding against cash surrender value of life insurance policies | $48,000,000 | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Duke Energy Florida [Member] | ' | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Duke Energy Ohio [Member] | ' | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Duke Energy Indiana [Member] | ' | ' |
Restrictive Debt Covenants [Abstract] | ' | ' |
Debt to total capitalization percentage, for each borrower | 0.65 | ' |
Debt_and_Credit_Facilities_Sum
Debt and Credit Facilities (Summary of Debt and Related Terms) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 13,550 | 12,722 | ||
Secured Debt | 2,559 | 1,873 | ||
First mortgage bonds | 17,831 | [1] | 17,856 | [1] |
Capital leases | 1,516 | 1,689 | ||
Junior subordinated debt | ' | 309 | ||
Other debt | 8 | 8 | ||
Tax exempt bonds | 2,356 | [2] | 2,357 | [2] |
Notes Payable And Commercial Paper | 1,289 | [3] | 1,507 | [4] |
Fair value hedge carrying value adjustment | 9 | 12 | ||
Unamortized debt discount and premium, net | 1,977 | [5] | 2,185 | [6] |
Total debt | 41,095 | 40,518 | ||
Short-term notes payable and commercial paper | -839 | -1,057 | ||
Current maturities of long-term debt | -2,104 | -3,110 | ||
Total long-term debt | 38,152 | [7] | 36,351 | [8] |
Derf [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | ' | 300 | [9] | |
Unsecured Debt [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 5.18% | 5.44% | ||
Debt maturity date, start | 31-Dec-14 | 31-Dec-13 | ||
Debt maturity date, end | 31-Dec-73 | 31-Dec-39 | ||
Secured Debt [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 2.69% | 3.08% | ||
Debt maturity date, start | 31-Dec-14 | 31-Dec-13 | ||
Debt maturity date, end | 31-Dec-37 | 31-Dec-37 | ||
First Mortgage Bonds [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 4.90% | 5.00% | ||
Debt maturity date, start | 31-Dec-15 | 31-Dec-13 | ||
Debt maturity date, end | 31-Dec-43 | 31-Dec-42 | ||
Capital Lease Obligations [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 5.23% | 5.19% | ||
Debt maturity date, start | 31-Dec-14 | 31-Dec-13 | ||
Debt maturity date, end | 31-Dec-51 | 31-Dec-51 | ||
Junior Subordinated Debt [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | ' | 7.10% | ||
Debt maturity date, end | ' | 31-Dec-39 | ||
Other Debt [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 4.77% | 4.77% | ||
Debt maturity date, end | 31-Dec-27 | 31-Dec-27 | ||
Tax Exempt Bonds [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 1.28% | 1.39% | ||
Debt maturity date, start | 31-Dec-14 | 31-Dec-14 | ||
Debt maturity date, end | 31-Dec-41 | 31-Dec-41 | ||
Short term obligations classified as long-term debt | 471 | 471 | ||
Non-Recourse Notes Payable Of VIEs [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Total long-term debt | 1,966 | 852 | ||
Notes Payable And Commercial Paper [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | 1.02% | 0.83% | ||
Short term obligations classified as long-term debt | 450 | 450 | ||
Revolving Loan [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 200 | [10] | 200 | [10] |
Purchase Accounting Adjustments [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unamortized debt discount and premium, net | 2,067 | 2,311 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 1,157 | 1,159 | ||
Secured Debt | 400 | 300 | ||
First mortgage bonds | 6,161 | [1] | 6,562 | [1] |
Capital leases | 30 | 32 | ||
Tax exempt bonds | 395 | [2] | 395 | [2] |
Money pool borrowings | 300 | 300 | ||
Fair value hedge carrying value adjustment | 9 | 10 | ||
Unamortized debt discount and premium, net | -16 | -17 | ||
Total debt | 8,436 | 8,741 | ||
Current maturities of long-term debt | -47 | -406 | ||
Total long-term debt | 8,389 | [7] | 8,335 | [8] |
Duke Energy Carolinas [Member] | Derf [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | ' | 300 | [9] | |
Duke Energy Carolinas [Member] | Tax Exempt Bonds [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 75 | 75 | ||
Duke Energy Carolinas [Member] | Non-Recourse Notes Payable Of VIEs [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Total long-term debt | 400 | 300 | ||
Duke Energy Carolinas [Member] | Notes Payable And Commercial Paper [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 300 | 300 | ||
Progress Energy [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 4,150 | 4,150 | ||
Secured Debt | 305 | 5 | ||
First mortgage bonds | 8,450 | [1] | 8,775 | [1] |
Capital leases | 327 | 339 | ||
Junior subordinated debt | ' | 309 | ||
Tax exempt bonds | 910 | [2] | 910 | [2] |
Money pool borrowings | 1,213 | 455 | ||
Unamortized debt discount and premium, net | -27 | -60 | ||
Total debt | 15,328 | 14,883 | ||
Short-term money pool borrowings | -1,213 | -455 | ||
Current maturities of long-term debt | -485 | -843 | ||
Total long-term debt | 13,630 | [7] | 13,585 | |
Progress Energy [Member] | Junior Subordinated Debt [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Weighted-average rate | ' | 7.10% | ||
Progress Energy [Member] | Non-Recourse Notes Payable Of VIEs [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Total long-term debt | 300 | ' | ||
Duke Energy Progress [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Secured Debt | 305 | 5 | ||
First mortgage bonds | 4,125 | [1] | 4,025 | [1] |
Capital leases | 148 | [11] | 150 | [12] |
Tax exempt bonds | 669 | [2] | 669 | [2] |
Money pool borrowings | 462 | 364 | ||
Unamortized debt discount and premium, net | -12 | -9 | ||
Total debt | 5,697 | 5,204 | ||
Short-term money pool borrowings | -462 | -364 | ||
Current maturities of long-term debt | -174 | -407 | ||
Total long-term debt | 5,061 | [7] | 4,433 | |
Duke Energy Progress [Member] | Non-Recourse Notes Payable Of VIEs [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Total long-term debt | 300 | ' | ||
Duke Energy Progress [Member] | Purchase Accounting Adjustments [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Capital leases | 144 | 158 | ||
Duke Energy Florida [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 150 | 150 | ||
First mortgage bonds | 4,325 | [1] | 4,750 | [1] |
Capital leases | 179 | [11] | 189 | [12] |
Tax exempt bonds | 241 | [2] | 241 | [2] |
Money pool borrowings | 181 | ' | ||
Unamortized debt discount and premium, net | -9 | -10 | ||
Total debt | 5,067 | 5,320 | ||
Short-term money pool borrowings | -181 | 0 | ||
Current maturities of long-term debt | -11 | -435 | ||
Total long-term debt | 4,875 | 4,885 | ||
Duke Energy Florida [Member] | Purchase Accounting Adjustments [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Capital leases | 838 | 907 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 805 | 805 | ||
First mortgage bonds | 900 | [1] | 700 | [1] |
Capital leases | 27 | 35 | ||
Other debt | 8 | 8 | ||
Tax exempt bonds | 479 | [2] | 479 | [2] |
Money pool borrowings | 43 | 245 | ||
Fair value hedge carrying value adjustment | ' | 2 | ||
Unamortized debt discount and premium, net | -31 | -32 | ||
Total debt | 2,231 | 2,242 | ||
Short-term money pool borrowings | -43 | -245 | ||
Current maturities of long-term debt | -47 | -261 | ||
Total long-term debt | 2,141 | 1,736 | ||
Duke Energy Ohio [Member] | Tax Exempt Bonds [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 111 | 111 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Unsecured Debt | 744 | 1,146 | ||
First mortgage bonds | 2,319 | [1] | 1,819 | [1] |
Capital leases | 20 | 23 | ||
Tax exempt bonds | 573 | [2] | 573 | [2] |
Money pool borrowings | 150 | 231 | ||
Unamortized debt discount and premium, net | -10 | -9 | ||
Total debt | 3,796 | 3,783 | ||
Short-term money pool borrowings | 0 | -81 | ||
Current maturities of long-term debt | -5 | -405 | ||
Total long-term debt | 3,791 | 3,297 | ||
Duke Energy Indiana [Member] | Tax Exempt Bonds [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 285 | 285 | ||
Duke Energy Indiana [Member] | Notes Payable And Commercial Paper [Member] | ' | ' | ||
Debt Instrument [Line Items] | ' | ' | ||
Short term obligations classified as long-term debt | 150 | 150 | ||
[1] | Substantially all electric utility fixed assets are mortgaged under mortgage bond indentures. | |||
[2] | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | |||
[3] | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energybs ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 49 days. | |||
[4] | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energybs ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 18 days. | |||
[5] | Duke Energy includes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | |||
[6] | Duke Energy includes $2,311 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. | |||
[7] | Includes $1,966 million for Duke Energy, $400 million for Duke Energy Carolinas and $300 million for Progress Energy and Duke Energy Progress related to consolidated VIEs. | |||
[8] | Includes $852 million for Duke Energy and $300 million for Duke Energy Carolinas related to consolidated VIEs. | |||
[9] | Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas. See Note 17 for further information. | |||
[10] | Instrument has a term of less than one year with the right to extend the maturity date for additional one-year periods with a final maturity date no later than December 2026. | |||
[11] | Duke Energy includes $144 million and $838 million of capital lease purchase accounting adjustments related to Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases in their financial statements because of grandfathering provisions in GAAP. | |||
[12] | Duke Energy includes $158 million and $907 million of capital lease purchase accounting adjustments for Duke Energy Progress and Duke Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases on their financial statements because of grandfathering provisions in GAAP. |
Debt_and_Credit_Facilities_Sum1
Debt and Credit Facilities (Summary of Debt Issuances) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | January 2013 5.125% Junior Subordinated Debentures Maturing January 2073 [Member] | June 2013 2.100% Senior Notes Maturing June 2018 [Member] | August 2013 11.000% Non Convertible Debentures Maturing August 2018 [Member] | October 2013 3.950% Senior Notes Maturing October 2023 [Member] | February 2013 2.043% Term Loans Maturing December 2030 [Member] | February 2013 4.740% Term Loans Maturing June 2037 [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] | December 2013 0.852% Secured ARS Maturing December 2016 [Member] | March 2013 4.100% First Mortgage Bonds Maturing March 2043 [Member] | July 2013 4.900% First Mortgage Bonds Maturing July 2043 [Member] | July 2013 0.619% First Mortgage Bonds Maturing July 2016 [Member] | September 2013 3.800% First Mortgage Bonds Maturing September 2023 [Member] | September 2013 0.400% First Mortgage Bonds Maturing March 2015 [Member] | March 2012 3.15% Unsecured Maturing April 2022 [Member] | August 2012 1.63% Senior Notes Maturing August 2017 [Member] | August 2012 3.05% Senior Notes Maturing August 2022 [Member] | April 2012 2.64% Secured Maturing September 2024 [Member] | December 2012 2.77% Secured Maturing March 2013 [Member] | December 2012 4.74% Secured Maturing March 2013 [Member] | December 2012 1.01% Secured Maturing June 2013 [Member] | December 2012 1.56% Secured Maturing December 2025 [Member] | March 2012 4.20% First Mortgage Bonds Maturing March 2042 [Member] | May 2012 2.80% First Mortgage Bonds Maturing May 2022 [Member] | May 2012 4.10% First Mortgage Bonds Maturing May 2042 [Member] | September 2012 4.00% First Mortgage Bonds Maturing September 2042 [Member] | November 2012 0.65% First Mortgage Bonds Maturing November 2015 [Member] | November 2012 3.85%First Mortgage Bonds Maturing November 2042 [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [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 Florida [Member] | Duke Energy Florida [Member] | Duke Energy Florida [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] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | PGN Parent [Member] | PGN Parent [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Bridge Loan [Member] | Secured Debt [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] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [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] | September 2012 4.00% First Mortgage Bonds Maturing September 2042 [Member] | January 2013 5.125% Junior Subordinated Debentures Maturing January 2073 [Member] | December 2013 0.852% Secured ARS Maturing December 2016 [Member] | March 2013 4.100% First Mortgage Bonds Maturing March 2043 [Member] | May 2012 2.80% First Mortgage Bonds Maturing May 2022 [Member] | May 2012 4.10% First Mortgage Bonds Maturing May 2042 [Member] | November 2012 0.65% First Mortgage Bonds Maturing November 2015 [Member] | November 2012 3.85%First Mortgage Bonds Maturing November 2042 [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] | March 2012 4.20% First Mortgage Bonds Maturing March 2042 [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] | August 2012 1.63% Senior Notes Maturing August 2017 [Member] | August 2012 3.05% Senior Notes Maturing August 2022 [Member] | April 2012 2.64% Secured Maturing September 2024 [Member] | December 2012 2.77% Secured Maturing March 2013 [Member] | December 2012 4.74% Secured Maturing March 2013 [Member] | December 2012 1.01% Secured Maturing June 2013 [Member] | December 2012 1.56% Secured Maturing December 2025 [Member] | March 2012 3.15% Unsecured Maturing April 2022 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
First Mortgage Bonds [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] | 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] | Unsecured Debt [Member] | Unsecured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Secured Debt [Member] | Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt issuance date | ' | ' | 31-Jan-13 | 30-Jun-13 | 31-Aug-13 | 31-Oct-13 | 28-Feb-13 | 28-Feb-13 | ' | 30-Apr-13 | 20-Dec-13 | 31-Mar-13 | 31-Jul-13 | 31-Jul-13 | 30-Sep-13 | 30-Sep-13 | 31-Mar-12 | 31-Aug-12 | 31-Aug-12 | 30-Apr-12 | 31-Dec-12 | 31-Dec-12 | 31-Dec-12 | 31-Dec-12 | 31-Mar-12 | 30-May-12 | 30-May-12 | 30-Sep-12 | 30-Nov-12 | 30-Nov-12 | ' | 30-Sep-12 | ' | ' | ' | 20-Dec-13 | 31-Mar-13 | 30-May-12 | 30-May-12 | ' | 30-Nov-12 | 30-Nov-12 | ' | 30-Sep-13 | 30-Sep-13 | ' | ' | 31-Jul-13 | 31-Jul-13 | 31-Mar-12 | ' | ' | 31-Jan-13 | 30-Jun-13 | 31-Oct-13 | 31-Aug-12 | 31-Aug-12 | 30-Apr-12 | 31-Dec-12 | 31-Dec-12 | 31-Dec-12 | 31-Dec-12 | ' | 31-Mar-12 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | ' | ' | 31-Jan-73 | 30-Jun-18 | ' | 31-Oct-23 | 31-Dec-30 | 30-Jun-37 | ' | 30-Apr-26 | 20-Dec-16 | 31-Mar-43 | 31-Jul-43 | 31-Jul-16 | 30-Sep-23 | 31-Mar-15 | 30-Apr-22 | 31-Aug-17 | 31-Aug-22 | 30-Sep-24 | 31-Mar-13 | 31-Mar-13 | 30-Jun-13 | 31-Dec-25 | 31-Mar-42 | 30-May-22 | 30-May-42 | 30-Sep-42 | 30-Nov-15 | 30-Nov-42 | ' | 30-Sep-42 | ' | ' | ' | 20-Dec-16 | 31-Mar-43 | 30-May-22 | 30-May-42 | ' | 30-Nov-15 | 30-Nov-42 | ' | 30-Sep-23 | 31-Mar-15 | ' | ' | 31-Jul-43 | 31-Jul-16 | 31-Mar-42 | ' | ' | 31-Jan-73 | 30-Jun-18 | 31-Oct-23 | 31-Aug-17 | 31-Aug-22 | 30-Sep-24 | 31-Mar-13 | 31-Mar-13 | 30-Jun-13 | 31-Dec-25 | ' | 30-Apr-22 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date, start | ' | ' | ' | ' | 31-Aug-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date, end | ' | ' | ' | ' | 31-Aug-23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt issuances | $4,023 | $5,343 | $500 | [1] | $500 | [2] | $220 | [3],[4] | $400 | [5] | $203 | [6],[7] | $220 | [6] | ' | $230 | [8] | $300 | [9] | $500 | [10] | $350 | [11] | $150 | [11],[12] | $300 | [13] | $150 | [13],[14] | $450 | [15] | $700 | [16] | $500 | [16] | $330 | [17] | $203 | [18] | $220 | [18] | $190 | [19] | $200 | [19] | $250 | [20] | $500 | [21] | $500 | [21] | $650 | [22] | $250 | [23] | $400 | [23] | $650 | $650 | [22] | ' | $800 | $1,000 | $300 | [9] | $500 | [10] | $500 | [21] | $500 | [21] | $650 | $250 | [23] | $400 | [23] | $450 | $300 | [13] | $150 | [13],[14] | $500 | $250 | $350 | [11] | $150 | [11],[12] | $250 | [20] | $1,400 | $2,343 | $500 | [1] | $500 | [2] | $400 | [5] | $700 | [16] | $500 | [16] | $330 | [17] | $203 | [18] | $220 | [18] | $190 | [19] | $200 | [19] | $450 | $450 | [15] |
Interest rate | ' | ' | 5.13% | 2.10% | 11.00% | 3.95% | 2.04% | 4.74% | ' | 5.46% | 0.85% | 4.10% | 4.90% | 0.62% | 3.80% | 0.40% | 3.15% | 1.63% | 3.05% | 2.64% | 2.77% | 4.74% | 1.01% | 1.56% | 4.20% | 2.80% | 4.10% | 4.00% | 0.65% | 3.85% | ' | 4.00% | 7.10% | ' | ' | 0.85% | 4.10% | 2.80% | 4.10% | ' | 0.65% | 3.85% | ' | 3.80% | 0.40% | ' | ' | 4.90% | 0.62% | 4.20% | ' | ' | 5.13% | 2.10% | 3.95% | 1.63% | 3.05% | 2.64% | 2.77% | 4.74% | 1.01% | 1.56% | ' | 3.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, call date, earliest | ' | ' | 31-Jan-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Jan-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Payments for the redemption of debt | ' | ' | ' | 250 | 200 | ' | ' | ' | 190 | ' | ' | ' | 400 | ' | 250 | ' | 450 | 500 | 500 | ' | ' | ' | ' | ' | ' | 500 | 500 | 420 | 425 | 425 | ' | 420 | 300 | ' | ' | ' | ' | 500 | 500 | ' | 425 | 425 | ' | 250 | ' | ' | ' | 400 | ' | ' | ' | ' | ' | 250 | ' | 500 | 500 | ' | ' | ' | ' | ' | ' | 450 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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 were used to redeem the $300 million 7.10% Cumulative Quarterly Income Preferred Securities (QUIPS) and to repay a portion of outstanding commercial paper and for general corporate purposes. See Note 17 for additional information about the QUIPS. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Proceeds were used to repay $250 million of current maturities and for general corporate purposes, including the repayment of outstanding commercial paper. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Proceeds 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | Proceeds were used to repay commercial paper as well as for general corporate purposes. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | The debt is floating rate. Duke Energy has entered into a pay fixed-receive floating interest rate swap for 95 percent of the loans. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Represents 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[9] | Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Progress; the proceeds were used to repay short-term debt. See Note 17 for further details. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[10] | Proceeds were used to repay notes payable to affiliated companies as well as for general corporate purposes. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[11] | Proceeds were used to repay $400 million of current maturities. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[12] | The debt is floating rate based on 3-month London Interbank Offered Rate (LIBOR) and a fixed credit spread of 35 basis points. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[13] | Proceeds 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[14] | The debt is floating rate based on 3-month LIBOR plus a fixed spread of 14 basis points. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[15] | Proceeds were used to repay current maturities of $450 million. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[16] | Proceeds were used to repay current maturities of $500 million, as well as for general corporate purposes, including the repayment of commercial paper. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[17] | Proceeds were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Debt was subsequently deconsolidated upon execution of a joint venture. See Note 17 for further details. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[18] | Proceeds were used to fund the existing Los Vientos wind power portfolio. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[19] | Debt issuances were executed in connection with the acquisition of Ibener. Both loans were collateralized with cash deposits equal to 101 percent of the loan amounts. See Note 2 for further details. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[20] | Proceeds were used to repay a portion of outstanding short-term debt. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[21] | Proceeds were used to repay current maturities of $500 million, a portion of outstanding commercial paper and notes payable to affiliated companies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[22] | Proceeds were used to repay current maturities of $420 million, as well as for general corporate purposes, including the funding of capital expenditures. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[23] | Proceeds will be used to repay current maturities of $425 million, as well as for general corporate purposes. |
Debt_and_Credit_Facilities_Ann
Debt and Credit Facilities (Annual Maturities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
In Millions, unless otherwise specified | Other Debt Obligations [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 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] | |||
0.105% Debt Maturing January 2014 | 6.300% Debt Maturing February 2014 | 3.950% Debt Maturing September 2014 | 6.050% Debt Maturing March 2014 | |||||||||||||||||
Tax Exempt Bonds [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | |||||||||||||||||
Current Maturities Of Long Term Debt [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Current maturities of long-term debt | $2,104 | $3,110 | $387 | $47 | $406 | $485 | $843 | $174 | $407 | $167 | $11 | $435 | $47 | $261 | $5 | $405 | $750 | $500 | $300 | |
Interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.11% | ' | ' | ' | ' | ' | ' | 6.30% | 3.95% | 6.05% | |
Maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Jan-14 | ' | ' | ' | ' | ' | ' | 28-Feb-14 | 30-Sep-14 | 31-Mar-14 | |
Long-term Debt, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
2014 | 2,104 | [1] | ' | ' | 47 | ' | 485 | ' | 174 | ' | ' | 11 | ' | 47 | ' | 5 | ' | ' | ' | ' |
2015 | 2,634 | [1] | ' | ' | 507 | ' | 1,264 | ' | 702 | ' | ' | 562 | ' | 157 | ' | 5 | ' | ' | ' | ' |
2016 | 2,975 | [1] | ' | ' | 756 | ' | 614 | ' | 302 | ' | ' | 12 | ' | 56 | ' | 480 | ' | ' | ' | ' |
2017 | 1,342 | [1] | ' | ' | 116 | ' | 265 | ' | 3 | ' | ' | 262 | ' | 2 | ' | 3 | ' | ' | ' | ' |
2018 | 3,235 | [1] | ' | ' | 1,505 | ' | 603 | ' | 59 | ' | ' | 544 | ' | 3 | ' | 153 | ' | ' | ' | ' |
Thereafter | 25,899 | [1] | ' | ' | 5,505 | ' | 10,884 | ' | 3,995 | ' | ' | 3,495 | ' | 1,923 | ' | 3,150 | ' | ' | ' | ' |
Total long-term debt, including current maturities | $38,189 | [1] | ' | ' | $8,436 | ' | $14,115 | ' | $5,235 | ' | ' | $4,886 | ' | $2,188 | ' | $3,796 | ' | ' | ' | ' |
[1] | Excludes $2,067 million in purchase accounting adjustments related to the merger with Progress Energy. See Note 2 for additional information. |
Debt_and_Credit_Facilities_Sch
Debt and Credit Facilities (Schedule of Line of Credit Facilities) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Line of credit facility, expiration date | 1-Dec-18 | ' | ||
Notes payable and commercial paper | ($1,289) | [1] | ($1,507) | [2] |
Tax exempt bonds | -2,356 | [3] | -2,357 | [3] |
Maximum [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 6,000 | ' | ||
Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 6,000 | [4] | ' | |
Available capacity | 5,248 | ' | ||
Notes payable and commercial paper | -450 | [5] | ' | |
Outstanding letters of credit | -62 | ' | ||
Tax exempt bonds | -240 | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -395 | [3] | -395 | [3] |
Duke Energy Carolinas [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 1,000 | [4] | ' | |
Available capacity | 621 | ' | ||
Notes payable and commercial paper | -300 | [5] | ' | |
Outstanding letters of credit | -4 | ' | ||
Tax exempt bonds | -75 | ' | ||
Progress Energy [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -910 | [3] | -910 | [3] |
Duke Energy Progress [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -669 | [3] | -669 | [3] |
Duke Energy Progress [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 750 | [4] | ' | |
Available capacity | 748 | ' | ||
Outstanding letters of credit | -2 | ' | ||
Duke Energy Florida [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -241 | [3] | -241 | [3] |
Duke Energy Florida [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 650 | [4] | ' | |
Available capacity | 649 | ' | ||
Outstanding letters of credit | -1 | ' | ||
Duke Energy Ohio [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -479 | [3] | -479 | [3] |
Duke Energy Ohio [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 650 | [4] | ' | |
Available capacity | 566 | ' | ||
Tax exempt bonds | -84 | ' | ||
Duke Energy Indiana [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Tax exempt bonds | -573 | [3] | -573 | [3] |
Duke Energy Indiana [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 700 | [4] | ' | |
Available capacity | 469 | ' | ||
Notes payable and commercial paper | -150 | [5] | ' | |
Tax exempt bonds | -81 | ' | ||
Parent Company [Member] | Revolving Credit Facility [Member] | ' | ' | ||
Line of Credit Facility [Line Items] | ' | ' | ||
Facility size | 2,250 | [4] | ' | |
Available capacity | 2,195 | ' | ||
Outstanding letters of credit | ($55) | ' | ||
[1] | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energybs ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 49 days. | |||
[2] | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energybs ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 18 days. | |||
[3] | Substantially all tax-exempt bonds are secured by first mortgage bonds or letters of credit. | |||
[4] | Represents the sublimit of each borrower at December 31, 2013. The Duke Energy Ohio sublimit includes $100 million for Duke Energy Kentucky. | |||
[5] | 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 Carolinas' and Duke Energy Indiana's Condensed Consolidated Balance Sheets. |
Guarantees_Narrative_Details
Guarantees (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Surety Bond [Member] | Standby Letters Of Credit [Member] | Performance Guarantee [Member] | Performance Guarantee [Member] | Spectra Capital [Member] | Progress Energy [Member] | Progress Energy [Member] | Progress Energy [Member] | Duke Energy Florida [Member] | Duke Energy Florida [Member] | ||
Less Than Wholly Owned Entity [Member] | Performance Guarantee [Member] | Indemnification Agreement [Member] | ||||||||||
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum potential amount of future payments associated with guarantees | ' | ' | $92 | ' | $285 | $15 | $205 | ' | ' | $117 | ' | ' |
Guarantee obligations, unlimited exposure | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Certain indemnifications related to discontinued operations have no limitations as to time or maximum potential future payments. | ' | ' |
Guarantor obligations, term | ' | ' | 'At December 31, 2013, Duke Energy had guaranteed $92 million of outstanding surety bonds. Of this amount, $54 million, expire in 2014, the remaining expires between 2015 – 2021. | ' | 'The maximum potential amount of future payments required under these guarantees as of December 31, 2013, was $285 million. Of this amount, $15 million relates to guarantees issued on behalf of less than wholly owned consolidated entities, with the remainder related to guarantees issued on behalf of third parties and unconsolidated affiliates of Duke Energy. Of the guarantees noted above, $102 million of the guarantees expire between 2015 and 2033, with the remaining performance guarantees having no contractual expiration. | ' | 'At December 31, 2013, the maximum potential amount of future payments associated with these guarantees was $205 million, the majority of which expires by 2028. | ' | ' | 'At December 31, 2013, the estimated maximum exposure for these indemnifications was $117 million, the majority of which expires in 2017. Of this amount, $7 million has no contractual expiration. | ' | ' |
Unused letters of credit | ' | ' | ' | 457 | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities Recorded for Third Party Guarantees [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Face value of guarantees | $24 | $41 | ' | ' | ' | ' | ' | $9 | $25 | ' | $3 | $17 |
Joint_Ownership_Details
Joint Ownership (Details) (USD $) | Dec. 31, 2013 | |
In Millions, unless otherwise specified | ||
International Energy Brazil-Canoas I and II [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 47.20% | [1] |
Property, plant, and equipment | $266 | [1] |
Accumulated depreciation | 83 | [1] |
Construction work in progress | 0 | [1] |
Duke Energy Carolinas [Member] | Duke Energy Carolinas Catawba Nuclear Station (Units 1 and 2) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 19.25% | [2],[3] |
Property, plant, and equipment | 887 | [2],[3] |
Accumulated depreciation | 498 | [2],[3] |
Construction work in progress | 0 | [2],[3] |
Duke Energy Progress [Member] | Duke Energy Progress Mayo Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 83.83% | [2],[4] |
Property, plant, and equipment | 856 | [2],[4] |
Accumulated depreciation | 303 | [2],[4] |
Construction work in progress | 104 | [2],[4] |
Duke Energy Progress [Member] | Shearon Harris Nuclear Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 83.83% | [2],[4] |
Property, plant, and equipment | 3,620 | [2],[4] |
Accumulated depreciation | 2,018 | [2],[4] |
Construction work in progress | 67 | [2],[4] |
Duke Energy Progress [Member] | Brunswick Nuclear Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 81.67% | [2],[4] |
Property, plant, and equipment | 1,921 | [2],[4] |
Accumulated depreciation | 1,005 | [2],[4] |
Construction work in progress | 176 | [2],[4] |
Duke Energy Progress [Member] | Duke Energy Progress Roxboro Station (Unit 4) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 87.06% | [2],[4] |
Property, plant, and equipment | 754 | [2],[4] |
Accumulated depreciation | 473 | [2],[4] |
Construction work in progress | 13 | [2],[4] |
Duke Energy Florida [Member] | Duke Energy Florida Crystal River Nuclear Station (Unit 3) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 91.78% | [2],[5] |
Property, plant, and equipment | 0 | [2],[5] |
Accumulated depreciation | 0 | [2],[5] |
Construction work in progress | 0 | [2],[5] |
Duke Energy Florida [Member] | Duke Energy Florida Intercession City Station (Unit P11) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 66.67% | [2],[6] |
Property, plant, and equipment | 25 | [2],[6] |
Accumulated depreciation | 13 | [2],[6] |
Construction work in progress | 0 | [2],[6] |
Duke Energy Ohio [Member] | Duke Energy Ohio Miami Fort Station (Units 7 and 8) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 64.00% | [7],[8] |
Property, plant, and equipment | 624 | [7],[8] |
Accumulated depreciation | 232 | [7],[8] |
Construction work in progress | 1 | [7],[8] |
Duke Energy Ohio [Member] | Duke Energy Ohio W.C. Beckjord Station (Unit 6) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 37.50% | [8],[9] |
Property, plant, and equipment | 0 | [8],[9] |
Accumulated depreciation | 0 | [8],[9] |
Construction work in progress | 0 | [8],[9] |
Duke Energy Ohio [Member] | Duke Energy Ohio J.M. Stuart Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 39.00% | [10],[8],[9] |
Property, plant, and equipment | 823 | [10],[8],[9] |
Accumulated depreciation | 281 | [10],[8],[9] |
Construction work in progress | 16 | [10],[8],[9] |
Duke Energy Ohio [Member] | Duke Energy Ohio Conesville Station (Unit 4) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 40.00% | [10],[8],[9] |
Property, plant, and equipment | 318 | [10],[8],[9] |
Accumulated depreciation | 49 | [10],[8],[9] |
Construction work in progress | 3 | [10],[8],[9] |
Duke Energy Ohio [Member] | Duke Energy Ohio W.M. Zimmer Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 46.50% | [8],[9] |
Property, plant, and equipment | 1,358 | [8],[9] |
Accumulated depreciation | 574 | [8],[9] |
Construction work in progress | 4 | [8],[9] |
Duke Energy Ohio [Member] | Duke Energy Ohio Killen Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 33.00% | [10],[7],[8] |
Property, plant, and equipment | 308 | [10],[7],[8] |
Accumulated depreciation | 139 | [10],[7],[8] |
Construction work in progress | 2 | [10],[7],[8] |
Duke Energy Ohio [Member] | Duke Energy Ohio Transmission [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Property, plant, and equipment | 96 | [2],[9] |
Accumulated depreciation | 49 | [2],[9] |
Construction work in progress | 0 | [2],[9] |
Duke Energy Kentucky [Member] | Duke Energy Kentucky East Bend Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 69.00% | [2],[7] |
Property, plant, and equipment | 447 | [2],[7] |
Accumulated depreciation | 240 | [2],[7] |
Construction work in progress | 13 | [2],[7] |
Duke Energy Indiana [Member] | Vermillion Generation Station [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 62.50% | [11],[2] |
Property, plant, and equipment | 154 | [11],[2] |
Accumulated depreciation | 61 | [11],[2] |
Construction work in progress | 0 | [11],[2] |
Duke Energy Indiana [Member] | Duke Energy Indiana Gibson Station (Unit 5) [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Ownership share | 50.05% | [12],[2] |
Property, plant, and equipment | 308 | [12],[2] |
Accumulated depreciation | 160 | [12],[2] |
Construction work in progress | 2 | [12],[2] |
Duke Energy Indiana [Member] | Duke Energy Indiana Transmission and local facilities [Member] | ' | |
Jointly Owned Utility Plant Interests [Line Items] | ' | |
Property, plant, and equipment | 3,726 | [12],[2] |
Accumulated depreciation | 1,582 | [12],[2] |
Construction work in progress | $0 | [12],[2] |
[1] | Included in International Energy segment. Co-owned with Companhia Brasileira de Aluminio. | |
[2] | Included in Regulated Utilities segment. | |
[3] | Co-owned with North Carolina Municipal Power Agency Number 1, NCEMC and Piedmont Municipal Power Agency. | |
[4] | Co-owned with North Carolina Eastern Municipal Power Agency. | |
[5] | All costs associated with Crystal River Unit 3 are included within Regulatory assets on the Consolidated Balance Sheets of Duke Energy, Progress Energy and Duke Energy Florida. See Note 4 for additional information. Co-owned with Seminole Electric Cooperative, Inc., City of Ocala, Orlando Utilities Commission, City of Gainesville, City of Leesburg, Kissimmee Utility Authority, Utilities Commission of the City of New Smyrna Beach, City of Alachua and City of Bushnell. | |
[6] | Co-owned with Georgia Power Company. Georgia Power Company has exclusive rights to the output of the unit during the months of June through September. | |
[7] | Co-owned with The Dayton Power and Light Company. | |
[8] | Included in Commercial Power segment. | |
[9] | Co-owned with The Dayton Power and Light Company and Ohio Power Company. | |
[10] | Station is not operated by Duke Energy Ohio. | |
[11] | Co-owned with WVPA. | |
[12] | Co-owned with WVPA and Indiana Municipal Power Agency. |
Asset_Retirement_Obligations_D
Asset Retirement Obligations (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | $5,176 | [1] | $1,936 | |
Acquisitions | 4 | 3,062 | [2] | |
Accretion expense | 239 | [3] | 173 | [3] |
Liabilities settled | -12 | -15 | ||
Revisions in estimates of cash flows | -449 | [4] | -4 | |
Liabilities incurred in the current year | ' | 24 | ||
Balance as of December 31 | 4,958 | [1] | 5,176 | [1] |
Duke Energy Carolinas [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 1,959 | 1,846 | ||
Accretion expense | 122 | [3] | 118 | [3] |
Liabilities settled | ' | -3 | ||
Revisions in estimates of cash flows | -487 | [4] | -2 | |
Balance as of December 31 | 1,594 | [1] | 1,959 | |
Progress Energy [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 2,420 | [1] | 1,265 | |
Accretion expense | 113 | [3] | 86 | [3] |
Liabilities settled | -12 | -2 | ||
Revisions in estimates of cash flows | 49 | 234 | [5] | |
Liabilities incurred in the current year | ' | 837 | [6] | |
Balance as of December 31 | 2,570 | [1] | 2,420 | [1] |
Duke Energy Progress [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 1,656 | [1] | 896 | |
Accretion expense | 80 | [3] | 64 | [3] |
Liabilities settled | ' | -2 | ||
Revisions in estimates of cash flows | 1 | ' | ||
Liabilities incurred in the current year | ' | 698 | [6] | |
Balance as of December 31 | 1,737 | [1] | 1,656 | [1] |
Asset retirement obligation, current | 8 | 7 | ||
Duke Energy Florida [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 764 | 369 | ||
Accretion expense | 33 | [3] | 22 | [3] |
Liabilities settled | -12 | ' | ||
Revisions in estimates of cash flows | 48 | [4] | 234 | [5] |
Liabilities incurred in the current year | ' | 139 | [6] | |
Balance as of December 31 | 833 | [1] | 764 | |
Duke Energy Ohio [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 28 | 27 | ||
Accretion expense | 2 | [3] | 1 | [3] |
Revisions in estimates of cash flows | -2 | ' | ||
Balance as of December 31 | 28 | [1] | 28 | |
Duke Energy Indiana [Member] | ' | ' | ||
Asset Retirement Obligation [Roll Forward] | ' | ' | ||
Balance as of January 1 | 37 | 43 | ||
Accretion expense | ' | 1 | [3] | |
Liabilities settled | ' | -10 | ||
Revisions in estimates of cash flows | -7 | -1 | ||
Liabilities incurred in the current year | ' | 4 | ||
Balance as of December 31 | $30 | [1] | $37 | |
[1] | Balances at December 31, 2013 and 2012, include $8 million and $7 million, respectively, reported in Other current liabilities on the Consolidated Balance Sheets at Duke Energy, Progress Energy and Duke Energy Progress. | |||
[2] | Represents asset retirement obligations resulting from the merger with Progress Energy. See Note 2 for additional information. | |||
[3] | Substantially all accretion expense for the years ended December 31, 2013 and 2012 relates to Duke Energybs regulated electric operations and has been deferred in accordance with regulatory accounting treatment. | |||
[4] | Amounts for Duke Energy, Duke Energy Carolinas and Duke Energy Florida primarily relate to the site-specific nuclear decommissioning cost studies completed in 2013. | |||
[5] | For Progress Energy and Duke Energy Florida, the amounts relate to the retirement of Crystal River Unit 3. | |||
[6] | For Progress Energy, Duke Energy Progress and Duke Energy Florida, amounts primarily relate to spent nuclear fuel disposal recorded in the third quarter of 2012 to conform to Duke Energy's assumptions for nuclear asset retirement obligations. |
Asset_Retirement_Obligations_N
Asset Retirement Obligations (NDTF Requirements)(Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |||
In Millions, unless otherwise specified | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Progress [Member] | Duke Energy Florida [Member] | |||||
2013 Cost Study [Member] | 2009 Cost Study [Member] | 2013 Cost Study [Member] | ||||||||
NDTF, Funding Requirements [Abstract] | ' | ' | ' | ' | ' | ' | ' | |||
Decommissioning contribution requirement | ' | ' | ' | ' | $21 | $14 | ' | |||
Decommissioning cost study estimate | ' | ' | ' | ' | 3,420 | [1],[2] | 3,000 | [1],[2] | 1,083 | [1],[2] |
NDTF, Legally Restricted Assets, Fair Value [Abstract] | ' | ' | ' | ' | ' | ' | ' | |||
Legally restricted NDTF investments, fair value | $4,769 | $3,941 | $2,477 | $2,053 | ' | ' | ' | |||
[1] | Represents cost per the most recent site-specific nuclear decommissioning cost studies, including costs to decommission plant components not subject to radioactive contamination. | |||||||||
[2] | Includes the Duke Energy Registrants' ownership interest in jointly owned reactors. Other joint owners are responsible for decommissioning costs related to their interest in the reactors. |
Asset_Retirement_Obligations_N1
Asset Retirement Obligations (Nuclear Operating Licenses)(Details) | 12 Months Ended | |
Dec. 31, 2013 | ||
Duke Energy Carolinas [Member] | Catawba Unit 1 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2043 | |
Duke Energy Carolinas [Member] | Catawba Unit 2 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2043 | |
Duke Energy Carolinas [Member] | McGuire Unit 1 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2041 | |
Duke Energy Carolinas [Member] | McGuire Unit 2 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2043 | |
Duke Energy Carolinas [Member] | Oconee Unit 1 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2033 | |
Duke Energy Carolinas [Member] | Oconee Unit 2 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2033 | |
Duke Energy Carolinas [Member] | Oconee Unit 3 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2034 | |
Duke Energy Progress [Member] | Brunswick Unit 1 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2036 | |
Duke Energy Progress [Member] | Brunswick Unit 2 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2034 | |
Duke Energy Progress [Member] | Shearon Harris Nuclear Station [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2046 | |
Duke Energy Progress [Member] | Robinson Nuclear Station [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2030 | |
Duke Energy Florida [Member] | Crystal River Unit 3 [Member] | ' | |
Asset Retirement Obligation [Line Items] | ' | |
Year of expiration | '2016 | [1] |
[1] | Duke Energy Florida has requested the NRC terminate the Crystal River Unit 3 operating license as a result of the retirement of the unit. |
Property_Plant_and_Equipment_S
Property, Plant and Equipment (Schedule Of Property, Plant and Equipment) (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | $1,481 | $1,368 | ' | ||
Nuclear fuel | 2,458 | 2,127 | ' | ||
Equipment | 1,557 | 1,448 | ' | ||
Construction in process | 3,595 | 6,655 | ' | ||
Other | 3,438 | 3,272 | ' | ||
Total property, plant and equipment | 103,115 | [1],[2] | 100,391 | [3],[4] | ' |
Total accumulated depreciation | -33,625 | -31,969 | ' | ||
Generation Facilities To Be Retired Net | 0 | 136 | ' | ||
Total net property, plant and equipment | 69,490 | 68,558 | ' | ||
Capitalized leases | 1,606 | 1,844 | ' | ||
Accumulated amortization on capitalized leases | 40 | 34 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 90 | 177 | 166 | ||
Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Equipment, estimated useful life, years | '1 year | '1 year | ' | ||
Other, estimated useful life, in years | '5 years | '5 years | ' | ||
Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Equipment, estimated useful life, years | '33 years | '34 years | ' | ||
Other, estimated useful life, in years | '33 years | '60 years | ' | ||
Nuclear Fuel [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -1,118 | -857 | ' | ||
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total property, plant and equipment | 1,678 | 1,558 | ' | ||
Total accumulated depreciation | -175 | -103 | ' | ||
Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -31,659 | [2],[5],[6] | -29,471 | [4],[7],[8] | ' |
Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 78,272 | 73,181 | ' | ||
Regulated Operation [Member] | Electric [Member] | Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '2 years | '2 years | ' | ||
Regulated Operation [Member] | Electric [Member] | Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '125 years | '138 years | ' | ||
Regulated Operation [Member] | Natural Gas [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 2,138 | 2,026 | ' | ||
Regulated Operation [Member] | Natural Gas [Member] | Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '12 years | '12 years | ' | ||
Regulated Operation [Member] | Natural Gas [Member] | Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '67 years | '60 years | ' | ||
Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 1,397 | 1,319 | ' | ||
Regulated Operation [Member] | Other Buildings And Improvements [Member] | Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '2 years | '2 years | ' | ||
Regulated Operation [Member] | Other Buildings And Improvements [Member] | Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '100 years | '100 years | ' | ||
Nonregulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -1,966 | [2],[6] | -2,498 | [4],[8] | ' |
Nonregulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 6,267 | 6,055 | ' | ||
Nonregulated Operation [Member] | Electric [Member] | Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '2 years | '2 years | ' | ||
Nonregulated Operation [Member] | Electric [Member] | Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '100 years | '100 years | ' | ||
Nonregulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 2,512 | 2,940 | ' | ||
Nonregulated Operation [Member] | Other Buildings And Improvements [Member] | Minimum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '9 years | '9 years | ' | ||
Nonregulated Operation [Member] | Other Buildings And Improvements [Member] | Maximum [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution, estimated useful life, in years | '100 years | '90 years | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 397 | 378 | ' | ||
Nuclear fuel | 1,446 | 1,277 | ' | ||
Equipment | 287 | 279 | ' | ||
Construction in process | 1,741 | 1,996 | ' | ||
Other | 570 | 547 | ' | ||
Total property, plant and equipment | 34,906 | [1] | 34,190 | [3] | ' |
Total accumulated depreciation | -11,894 | -11,437 | ' | ||
Generation Facilities To Be Retired Net | 0 | 73 | ' | ||
Total net property, plant and equipment | 23,012 | 22,826 | ' | ||
Capitalized leases | 53 | 53 | ' | ||
Accumulated amortization on capitalized leases | 4 | 3 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 41 | 72 | 78 | ||
Duke Energy Carolinas [Member] | Nuclear Fuel [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -681 | -557 | ' | ||
Duke Energy Carolinas [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -11,894 | [5],[6] | -11,437 | [7],[8] | ' |
Duke Energy Carolinas [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 30,018 | 29,269 | ' | ||
Duke Energy Carolinas [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 447 | 444 | ' | ||
Progress Energy [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 705 | 618 | ' | ||
Nuclear fuel | 1,012 | 850 | ' | ||
Equipment | 621 | 604 | ' | ||
Construction in process | 873 | 1,424 | ' | ||
Other | 867 | 791 | ' | ||
Total property, plant and equipment | 36,480 | [1] | 35,146 | [3] | ' |
Total accumulated depreciation | -13,098 | -12,512 | ' | ||
Generation Facilities To Be Retired Net | 0 | 63 | ' | ||
Total net property, plant and equipment | 23,382 | 22,697 | ' | ||
Capitalized leases | 328 | 339 | ' | ||
Accumulated amortization on capitalized leases | 60 | 49 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 19 | 41 | 35 | ||
Progress Energy [Member] | Nuclear Fuel [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -438 | -300 | ' | ||
Progress Energy [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -13,098 | [5],[6] | -12,512 | [7],[8] | ' |
Progress Energy [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 31,792 | 30,250 | ' | ||
Progress Energy [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 610 | 609 | ' | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 383 | 380 | ' | ||
Nuclear fuel | 1,012 | 850 | ' | ||
Equipment | 357 | 336 | ' | ||
Construction in process | 631 | 946 | ' | ||
Other | 418 | 380 | ' | ||
Total property, plant and equipment | 22,273 | [1] | 21,184 | [3] | ' |
Total accumulated depreciation | -8,623 | -8,185 | ' | ||
Generation Facilities To Be Retired Net | 0 | 63 | ' | ||
Total net property, plant and equipment | 13,650 | 13,062 | ' | ||
Capitalized leases | 148 | 150 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 16 | 23 | 20 | ||
Duke Energy Progress [Member] | Nuclear Fuel [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -438 | -300 | ' | ||
Duke Energy Progress [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -8,623 | [5],[6] | -8,185 | [7],[8] | ' |
Duke Energy Progress [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 19,190 | 18,009 | ' | ||
Duke Energy Progress [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 282 | 283 | ' | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 321 | 239 | ' | ||
Equipment | 94 | 90 | ' | ||
Construction in process | 238 | 474 | ' | ||
Other | 294 | 270 | ' | ||
Total property, plant and equipment | 13,863 | [1] | 13,432 | [3] | ' |
Total accumulated depreciation | -4,252 | -4,072 | ' | ||
Total net property, plant and equipment | 9,611 | 9,360 | ' | ||
Capitalized leases | 180 | 189 | ' | ||
Accumulated amortization on capitalized leases | 57 | 48 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 3 | 18 | 15 | ||
Duke Energy Florida [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -4,252 | [5],[6] | -4,072 | [7],[8] | ' |
Duke Energy Florida [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 12,601 | 12,041 | ' | ||
Duke Energy Florida [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 315 | 318 | ' | ||
Duke Energy Ohio [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 137 | 136 | ' | ||
Equipment | 317 | 255 | ' | ||
Construction in process | 166 | 204 | ' | ||
Other | 248 | 243 | ' | ||
Total property, plant and equipment | 11,143 | [1] | 10,824 | [3] | ' |
Total accumulated depreciation | -2,908 | -2,698 | ' | ||
Total net property, plant and equipment | 8,235 | 8,126 | ' | ||
Capitalized leases | 96 | 86 | ' | ||
Accumulated amortization on capitalized leases | 21 | 12 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 12 | 15 | 9 | ||
Duke Energy Ohio [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -2,160 | [5],[6] | -1,995 | [7],[8] | ' |
Duke Energy Ohio [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 3,925 | 3,774 | ' | ||
Duke Energy Ohio [Member] | Regulated Operation [Member] | Natural Gas [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 2,138 | 2,026 | ' | ||
Duke Energy Ohio [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 190 | 125 | ' | ||
Duke Energy Ohio [Member] | Nonregulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -748 | [6] | -703 | [8] | ' |
Duke Energy Ohio [Member] | Nonregulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 4,017 | 3,870 | ' | ||
Duke Energy Ohio [Member] | Nonregulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 5 | 191 | ' | ||
Duke Energy Indiana [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Land | 105 | 90 | ' | ||
Equipment | 146 | 141 | ' | ||
Construction in process | 307 | 2,836 | ' | ||
Other | 178 | 174 | ' | ||
Total property, plant and equipment | 12,489 | [1] | 12,012 | [3] | ' |
Total accumulated depreciation | -3,913 | -3,692 | ' | ||
Total net property, plant and equipment | 8,576 | 8,320 | ' | ||
Capitalized leases | 30 | 28 | ' | ||
Accumulated amortization on capitalized leases | 5 | 5 | ' | ||
Capitalized Interest Costs [Abstract] | ' | ' | ' | ||
Capitalized interest | 9 | 39 | 33 | ||
Duke Energy Indiana [Member] | Regulated Operation [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Total accumulated depreciation | -3,913 | [5],[6] | -3,692 | [7],[8] | ' |
Duke Energy Indiana [Member] | Regulated Operation [Member] | Electric [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | 11,594 | 8,622 | ' | ||
Duke Energy Indiana [Member] | Regulated Operation [Member] | Other Buildings And Improvements [Member] | ' | ' | ' | ||
Public Utilities, Property, Plant and Equipment, Net [Abstract] | ' | ' | ' | ||
Plant - transmission and distribution | $159 | $149 | ' | ||
[1] | Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases. | ||||
[2] | Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy. | ||||
[3] | Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases. | ||||
[4] | Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy. | ||||
[5] | Includes $1,118 million, $681 million, $438 million and $438 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | ||||
[6] | Includes accumulated amortization of capitalized leases of $40 million, $4 million, $21 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. | ||||
[7] | Includes $857 million, $557 million, $300 million and $300 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. | ||||
[8] | Includes accumulated amortization of capitalized leases of $34 million, $3 million, $12 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively. |
Goodwill_Goodwill_By_Reportabl
Goodwill (Goodwill By Reportable Operating Segment) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | |
Goodwill [Line Items] | ' | ' | |
Goodwill | $17,211 | $17,236 | |
Acquisitions | -1 | [1] | ' |
Accumulated impairment charges | -871 | -871 | |
Foreign exchange and other changes | -24 | ' | |
Goodwill as adjusted for accumulated impairment charges | 16,340 | 16,365 | |
Regulated Utilities [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 | |
Foreign exchange and other changes | 0 | ' | |
Goodwill as adjusted for accumulated impairment charges | 64 | 62 | |
International [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 326 | 353 | |
Acquisitions | -5 | [1] | ' |
Accumulated impairment charges | 0 | 0 | |
Foreign exchange and other changes | -22 | ' | |
Goodwill as adjusted for accumulated impairment charges | 326 | 353 | |
Progress Energy [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Goodwill | 3,655 | 3,655 | |
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] | Regulated Utilities [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 Regulated Utilities, the Chilean hydro acquisition at International Energy and a minor renewables acquisition at Commercial Power. See Note 2 for further information on purchase price adjustments related to the Progress Energy merger. |
Goodwill_Schedule_of_Intangibl
Goodwill (Schedule of Intangible Assets) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | $487 | $595 | ' |
Accumulated amortization | -109 | -223 | ' |
Total intangible assets, net | 378 | 372 | ' |
Amortization expense | 13 | 14 | 10 |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 43 | ' | ' |
2015 | 19 | ' | ' |
2016 | 17 | ' | ' |
2017 | 16 | ' | ' |
2018 | 16 | ' | ' |
Pretax impairment charge | 399 | 666 | 335 |
Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 63 | 80 | ' |
Renewable Energy Certificates [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 82 | 18 | ' |
Gas Coal And Power Contracts [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 180 | 295 | ' |
Accumulated amortization | -73 | -180 | ' |
Wind Development Rights [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 86 | 111 | ' |
Accumulated amortization | -12 | -9 | ' |
Other Intangible Assets [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 76 | 91 | ' |
Accumulated amortization | -24 | -34 | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 17 | 14 | ' |
Accumulated amortization | 0 | 0 | ' |
Total intangible assets, net | 17 | 14 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
Pretax impairment charge | ' | 31 | 12 |
Duke Energy Carolinas [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 1 | ' | ' |
Duke Energy Carolinas [Member] | Renewable Energy Certificates [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 16 | 14 | ' |
Progress Energy [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 85 | 28 | ' |
Accumulated amortization | 0 | 0 | ' |
Total intangible assets, net | 85 | 28 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 4 | ' | ' |
2015 | 3 | ' | ' |
2016 | 2 | ' | ' |
2017 | 1 | ' | ' |
2018 | 1 | ' | ' |
Pretax impairment charge | 380 | 200 | 3 |
Progress Energy [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 21 | 26 | ' |
Progress Energy [Member] | Renewable Energy Certificates [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 64 | 2 | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 67 | 5 | ' |
Accumulated amortization | 0 | 0 | ' |
Total intangible assets, net | 67 | 5 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 1 | ' | ' |
Pretax impairment charge | 22 | 54 | 3 |
Duke Energy Progress [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 3 | 4 | ' |
Duke Energy Progress [Member] | Renewable Energy Certificates [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 64 | 1 | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 18 | 22 | ' |
Accumulated amortization | 0 | 0 | ' |
Total intangible assets, net | 18 | 22 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 3 | ' | ' |
2015 | 3 | ' | ' |
2016 | 2 | ' | ' |
2017 | 1 | ' | ' |
2018 | 1 | ' | ' |
Pretax impairment charge | 358 | 146 | 0 |
Duke Energy Florida [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 18 | 22 | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 178 | 306 | ' |
Accumulated amortization | -60 | -177 | ' |
Total intangible assets, net | 118 | 129 | ' |
Amortization expense | 8 | 12 | 8 |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 11 | ' | ' |
2015 | 9 | ' | ' |
2016 | 9 | ' | ' |
2017 | 9 | ' | ' |
2018 | 9 | ' | ' |
Pretax impairment charge | 5 | 2 | 89 |
Duke Energy Ohio [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 20 | 24 | ' |
Duke Energy Ohio [Member] | Emission Allowances [Member] | Commercial Power [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
Pretax impairment charge | ' | ' | 79 |
Duke Energy Ohio [Member] | Renewable Energy Certificates [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 2 | 0 | ' |
Duke Energy Ohio [Member] | Gas Coal And Power Contracts [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 156 | 272 | ' |
Accumulated amortization | -60 | -168 | ' |
Duke Energy Ohio [Member] | Other Intangible Assets [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 0 | 10 | ' |
Accumulated amortization | 0 | -9 | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 45 | 53 | ' |
Accumulated amortization | -13 | -12 | ' |
Total intangible assets, net | 32 | 41 | ' |
Amortization expense | 1 | 1 | 1 |
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | ' | ' | ' |
2014 | 22 | ' | ' |
2015 | 1 | ' | ' |
2016 | 1 | ' | ' |
2017 | 1 | ' | ' |
2018 | 1 | ' | ' |
Pretax impairment charge | ' | 579 | 234 |
Duke Energy Indiana [Member] | Emission Allowances [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 21 | 29 | ' |
Duke Energy Indiana [Member] | Gas Coal And Power Contracts [Member] | ' | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' |
Gross carrying amount | 24 | 24 | ' |
Accumulated amortization | ($13) | ($12) | ' |
Investments_in_Unconsolidated_2
Investments in Unconsolidated Affiliates (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Distributions from equity investments | $144 | $183 | $149 |
INDU Solar Holdings [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | 50.00% | ' | ' |
DukeNet [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | ' | 50.00% | ' |
Net sales proceeds | 215 | ' | ' |
Gain on sale of equity investment | $105 | ' | ' |
DS Cornerstone [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | 50.00% | ' | ' |
Sweetwater I-V [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | 50.00% | ' | ' |
National Methanol Company [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | 25.00% | ' | ' |
Duke American Transmission Co. [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Ownership interest | 50.00% | ' | ' |
Investments_in_Unconsolidated_3
Investments in Unconsolidated Affiliates (Investments in Equity Method Unconsolidated Affiliates) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Investments in unconsolidated affiliates | $390 | $483 | ' |
Equity in earnings (losses) of unconsolidated affiliates | 122 | 148 | 160 |
Regulated Utilities [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Investments in unconsolidated affiliates | 4 | 5 | ' |
Equity in earnings (losses) of unconsolidated affiliates | -1 | -5 | 0 |
International Energy [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Investments in unconsolidated affiliates | 82 | 81 | ' |
Equity in earnings (losses) of unconsolidated affiliates | 110 | 134 | 145 |
Commercial Power [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Investments in unconsolidated affiliates | 252 | 219 | ' |
Equity in earnings (losses) of unconsolidated affiliates | 7 | 14 | 6 |
Other [Member] | ' | ' | ' |
Investments In Unconsolidated Affiliates [Line Items] | ' | ' | ' |
Investments in unconsolidated affiliates | 52 | 178 | ' |
Equity in earnings (losses) of unconsolidated affiliates | $6 | $5 | $9 |
Related_Party_Transactions_Oth
Related Party Transactions (Other Revenue and Expense) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
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 | $927 | [1] | $1,112 | [1] | $1,009 | [1] |
Duke Energy Carolinas [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | 22 | [2] | 21 | [2] | 21 | [2] |
Duke Energy Carolinas [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, other revenues from transactions with related party | 121 | [3] | 18 | [3] | 0 | |
Related party transaction, expenses from transactions with related party | 116 | [3] | 91 | [3] | 0 | |
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 | 96 | [4] | 47 | [4] | 0 | |
Related party transaction, expenses from transactions with related party | 290 | [1] | 63 | [1] | 0 | |
Progress Energy [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | 34 | [2] | 17 | [2] | 0 | |
Progress Energy [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, other revenues from transactions with related party | 116 | [3] | 91 | [3] | 0 | |
Related party transaction, expenses from transactions with related party | 121 | [3] | 18 | [3] | 0 | |
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 | 266 | [1] | 254 | [1] | 203 | [1] |
Duke Energy Progress [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | 20 | [2] | 8 | [2] | 0 | |
Duke Energy Progress [Member] | Joint Dispatch Agreement [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, other revenues from transactions with related party | 116 | [3] | 91 | [3] | 0 | |
Related party transaction, expenses from transactions with related party | 121 | [3] | 18 | [3] | 0 | |
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 | 182 | [1] | 186 | [1] | 160 | [1] |
Duke Energy Florida [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | 14 | [2] | 8 | [2] | 0 | |
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 | 347 | [1] | 358 | [1] | 401 | [1] |
Duke Energy Ohio [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | 15 | [2] | 15 | [2] | 17 | [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 | ' | 24 | 18 | |||
Related party transaction, expenses from transactions with related party | 6 | ' | ' | |||
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 | 422 | [1] | 419 | [1] | 415 | [1] |
Duke Energy Indiana [Member] | Indemnification Coverages [Member] | ' | ' | ' | |||
Related Party Transaction [Line Items] | ' | ' | ' | |||
Related party transaction, expenses from transactions with related party | $14 | [2] | $8 | [2] | $7 | [2] |
[1] | The Subsidiary Registrants are charged their proportionate share of corporate governance and other costs by unconsolidated affiliates that 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 Consolidated Statements of Operations and Comprehensive Income. See Note 21 for additional information. | |||||
[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 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 service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues and expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the 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 Statements of Operations and Comprehensive Income. |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 |
Related Party Transaction [Line Items] | ' | ' |
Debt instrument, face amount | $5,343 | $4,023 |
Duke Energy Carolinas [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan receivable | 382 | 222 |
Debt instrument, face amount | 650 | ' |
Progress Energy [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan receivable | 0 | 75 |
Intercompany loan payable | 455 | 1,213 |
Duke Energy Progress [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan payable | 364 | 462 |
Debt instrument, face amount | 1,000 | 800 |
Duke Energy Florida [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan receivable | 207 | 0 |
Intercompany loan payable | 0 | 181 |
Debt instrument, face amount | 650 | ' |
Duke Energy Ohio [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan receivable | 1 | 57 |
Transfer of Vermillion Generating Station | -28 | ' |
Intercompany loan payable | 245 | 43 |
Debt instrument, face amount | ' | 450 |
Duke Energy Ohio [Member] | DECAM [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan payable | 79 | 43 |
Duke Energy Ohio [Member] | Vermillion Generation Station [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Transfer of Vermillion Generating Station | 28 | ' |
Duke Energy Indiana [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Intercompany loan receivable | ' | 96 |
Transfer of Vermillion Generating Station | 26 | ' |
Intercompany loan payable | 81 | 0 |
Debt instrument, face amount | 250 | 500 |
Duke Energy Indiana [Member] | Vermillion Generation Station [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Transfer of Vermillion Generating Station | $26 | ' |
Derivatives_and_Hedging_Narrat
Derivatives and Hedging (Narrative) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | $59 | $151 |
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net | 4 | ' |
Undesignated commodity contracts latest expiration year | '2018 | ' |
Duke Energy Carolinas [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | 23 | ' |
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net | 5 | ' |
Progress Energy [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Pretax deferred losses related to effective cash flow hedges | 61 | 65 |
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net | $5 | ' |
Derivatives_and_Hedging_Notion
Derivatives and Hedging (Notional Amounts of Derivative Instruments) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Rate Contracts [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | $832 | $1,587 |
Interest Rate Contracts [Member] | Nondesignated [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | 34 | 290 |
Interest Rate Contracts [Member] | Cash Flow Hedging [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | 798 | 1,047 |
Interest Rate Contracts [Member] | Fair Value Hedging [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 250 |
Interest Rate Contracts [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Cash Flow Hedging [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | 584 | 620 |
Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | 71,466 | 52,104 |
Natural gas (millions of decatherms) | 636 | 528 |
Duke Energy Carolinas [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | 1,205 | 2,028 |
Progress Energy [Member] | Interest Rate Contracts [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 50 |
Progress Energy [Member] | Interest Rate Contracts [Member] | Nondesignated [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 50 |
Progress Energy [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | 925 | 1,850 |
Natural gas (millions of decatherms) | 363 | 348 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 50 |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Nondesignated [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 50 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | 925 | 1,850 |
Natural gas (millions of decatherms) | 141 | 118 |
Duke Energy Florida [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Natural gas (millions of decatherms) | 222 | 230 |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | 27 | 277 |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Nondesignated [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | 27 | 27 |
Duke Energy Ohio [Member] | Interest Rate Contracts [Member] | Fair Value Hedging [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 250 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | 69,362 | 51,215 |
Natural gas (millions of decatherms) | 274 | 180 |
Duke Energy Indiana [Member] | Interest Rate Contracts [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 200 |
Duke Energy Indiana [Member] | Interest Rate Contracts [Member] | Nondesignated [Member] | ' | ' |
Notional Amounts Of Derivative Instruments Related To Interest Rate Risk [Abstract] | ' | ' |
Derivative, Notional Amount | ' | 200 |
Duke Energy Indiana [Member] | Commodity Contracts [Member] | ' | ' |
Underlying Notional Amounts For Derivative Instruments Accounted For At Fair Value [Abstract] | ' | ' |
Electricity-energy (Gigawatt-hours) | $203 | $97 |
Derivatives_and_Hedging_Locati
Derivatives and Hedging (Location and Fair Value Amounts of Derivatives Reflected in the Condensed Consolidated Balance Sheets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | $461 | $264 |
Location and fair value amounts of derivatives (Liability) | 636 | 917 |
Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 214 | 127 |
Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 233 | 96 |
Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 322 | 402 |
Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 299 | 295 |
Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 27 | 9 |
Location and fair value amounts of derivatives (Liability) | 23 | 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) | 27 | 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) | 18 | 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) | 4 | 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) | 434 | 255 |
Location and fair value amounts of derivatives (Liability) | 613 | 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) | 201 | 41 |
Location and fair value amounts of derivatives (Liability) | 158 | 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) | 215 | 106 |
Location and fair value amounts of derivatives (Liability) | 131 | 50 |
Nondesignated [Member] | Commodity Contracts [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 13 | 106 |
Location and fair value amounts of derivatives (Liability) | 153 | 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) | 5 | 2 |
Location and fair value amounts of derivatives (Liability) | 166 | 255 |
Duke Energy Carolinas [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 2 | 12 |
Duke Energy Carolinas [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 2 | 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) | 1 | 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) | 20 | 11 |
Location and fair value amounts of derivatives (Liability) | 204 | 440 |
Progress Energy [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 15 | 3 |
Progress Energy [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 5 | 8 |
Progress Energy [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 107 | 244 |
Progress Energy [Member] | Deferred Credits And Other Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 93 | 192 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 5 | 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) | 1 | 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) | 4 | 1 |
Progress Energy [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 20 | 11 |
Location and fair value amounts of derivatives (Liability) | 199 | 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 | 3 |
Location and fair value amounts of derivatives (Liability) | 2 | ' |
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) | 2 | 8 |
Location and fair value amounts of derivatives (Liability) | 1 | ' |
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) | 11 | ' |
Location and fair value amounts of derivatives (Liability) | 105 | 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) | 4 | ' |
Location and fair value amounts of derivatives (Liability) | 91 | 195 |
Duke Energy Progress [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 6 | 2 |
Location and fair value amounts of derivatives (Liability) | 71 | 166 |
Duke Energy Progress [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 1 |
Duke Energy Progress [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 3 | 1 |
Duke Energy Progress [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 41 | 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) | 30 | 69 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 1 | 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 | 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) | 6 | 2 |
Location and fair value amounts of derivatives (Liability) | 70 | 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) | 2 | 1 |
Location and fair value amounts of derivatives (Liability) | 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 (Asset) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 40 | 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) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 29 | 68 |
Duke Energy Florida [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 14 | 9 |
Location and fair value amounts of derivatives (Liability) | 129 | 270 |
Duke Energy Florida [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 12 | 2 |
Duke Energy Florida [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 2 | 7 |
Duke Energy Florida [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 66 | 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) | 63 | 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) | 14 | 9 |
Location and fair value amounts of derivatives (Liability) | 129 | 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) | 3 | 2 |
Location and fair value amounts of derivatives (Liability) | 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) | 9 | ' |
Location and fair value amounts of derivatives (Liability) | 64 | 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) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 63 | 123 |
Duke Energy Ohio [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 391 | 220 |
Location and fair value amounts of derivatives (Liability) | 390 | 199 |
Duke Energy Ohio [Member] | Current Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 186 | 137 |
Duke Energy Ohio [Member] | Investments And Other Assets, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 205 | 81 |
Duke Energy Ohio [Member] | Current Liabilities, Other [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Liability) | 199 | 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) | 186 | 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) | 391 | 218 |
Location and fair value amounts of derivatives (Liability) | 390 | 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 | 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) | 186 | 31 |
Location and fair value amounts of derivatives (Liability) | 163 | 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) | 202 | 81 |
Location and fair value amounts of derivatives (Liability) | 130 | 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) | 1 | 106 |
Location and fair value amounts of derivatives (Liability) | 36 | 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) | 2 | ' |
Location and fair value amounts of derivatives (Liability) | 56 | 4 |
Duke Energy Indiana [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 12 | 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) | 12 | ' |
Duke Energy Indiana [Member] | 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) | ' | 63 |
Duke Energy Indiana [Member] | Nondesignated [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Location and fair value amounts of derivatives (Asset) | 12 | 10 |
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) | $12 | $10 |
Derivatives_and_Hedging_Schedu
Derivatives and Hedging (Schedule of Offsetting Assets and Liabilities: Derivatives and Collateral Posted) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | $461 | $264 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 145 | 103 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 636 | 917 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 321 | 756 |
Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 214 | 127 |
Gross amounts offset | -179 | -114 |
Net amount subject to master netting | 35 | 13 |
Amounts not subject to master netting | ' | 22 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 35 | 35 |
Other Noncurrent Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 233 | 96 |
Gross amounts offset | -138 | -54 |
Net amount subject to master netting | 95 | 42 |
Amounts not subject to master netting | 14 | 19 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 109 | 61 |
Other Current Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 322 | 402 |
Gross amounts offset | -192 | -151 |
Net amount subject to master netting | 130 | 251 |
Amounts not subject to master netting | 4 | 166 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 134 | 417 |
Other Noncurrent Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 299 | 295 |
Gross amounts offset | -155 | -90 |
Net amount subject to master netting | 144 | 205 |
Amounts not subject to master netting | 11 | 54 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 155 | 259 |
Duke Energy Carolinas [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 2 | 12 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 2 | 12 |
Duke Energy Carolinas [Member] | Other Current 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 |
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 |
Progress Energy [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 20 | 11 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 3 | 11 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 204 | 440 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 187 | 440 |
Progress Energy [Member] | Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 15 | 3 |
Gross amounts offset | -13 | ' |
Net amount subject to master netting | 2 | 3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 2 | 3 |
Progress Energy [Member] | Other Noncurrent Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 5 | 8 |
Gross amounts offset | -4 | ' |
Net amount subject to master netting | 1 | 8 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | 8 |
Progress Energy [Member] | Other Current Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 107 | 244 |
Gross amounts offset | -17 | -22 |
Net amount subject to master netting | 90 | 222 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 90 | 222 |
Progress Energy [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 93 | 192 |
Gross amounts offset | -10 | -36 |
Net amount subject to master netting | 83 | 156 |
Amounts not subject to master netting | 4 | 4 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 87 | 160 |
Duke Energy Progress [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 6 | 2 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | 2 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 71 | 166 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 66 | 166 |
Duke Energy Progress [Member] | Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 3 | 1 |
Gross amounts offset | -3 | ' |
Net amount subject to master netting | ' | 1 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 1 |
Duke Energy Progress [Member] | Other Noncurrent Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 3 | 1 |
Gross amounts offset | -3 | ' |
Net amount subject to master netting | ' | 1 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 1 |
Duke Energy Progress [Member] | Other Current Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 41 | 97 |
Gross amounts offset | -3 | -2 |
Net amount subject to master netting | 38 | 95 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 38 | 95 |
Duke Energy Progress [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 30 | 69 |
Gross amounts offset | -3 | -7 |
Net amount subject to master netting | 27 | 62 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 27 | 62 |
Duke Energy Florida [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 14 | 9 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 1 | 9 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 129 | 270 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 116 | 270 |
Duke Energy Florida [Member] | Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 12 | 2 |
Gross amounts offset | -10 | ' |
Net amount subject to master netting | 2 | 2 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 2 | 2 |
Duke Energy Florida [Member] | Other Noncurrent Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 2 | 7 |
Gross amounts offset | -2 | ' |
Net amount subject to master netting | ' | 7 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 7 |
Duke Energy Florida [Member] | Other Current Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 66 | 147 |
Gross amounts offset | -15 | -20 |
Net amount subject to master netting | 51 | 127 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 51 | 127 |
Duke Energy Florida [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 63 | 123 |
Gross amounts offset | -7 | -29 |
Net amount subject to master netting | 56 | 94 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 56 | 94 |
Duke Energy Ohio [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 391 | 220 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 96 | 59 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 390 | 199 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 95 | 38 |
Duke Energy Ohio [Member] | Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 186 | 137 |
Gross amounts offset | -165 | -110 |
Net amount subject to master netting | 21 | 27 |
Amounts not subject to master netting | ' | 2 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 21 | 29 |
Duke Energy Ohio [Member] | Other Noncurrent Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 205 | 81 |
Gross amounts offset | -132 | -51 |
Net amount subject to master netting | 73 | 30 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 73 | 30 |
Duke Energy Ohio [Member] | Other Current Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 199 | 136 |
Gross amounts offset | -173 | -125 |
Net amount subject to master netting | 26 | 11 |
Amounts not subject to master netting | 1 | 1 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 27 | 12 |
Duke Energy Ohio [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | 186 | 55 |
Gross amounts offset | -143 | -51 |
Net amount subject to master netting | 43 | 4 |
Amounts not subject to master netting | 4 | 7 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 47 | 11 |
Duke Energy Indiana [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 12 | 10 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 12 | 10 |
Derivative Liabilities Subject to Master Netting | ' | ' |
Gross amounts recognized | ' | 63 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | ' | 63 |
Duke Energy Indiana [Member] | Other Current Assets [Member] | ' | ' |
Derivative Assets Subject to Master Netting | ' | ' |
Gross amounts recognized | 12 | ' |
Gross amounts offset | -1 | ' |
Net amount subject to master netting | 11 | ' |
Amounts not subject to master netting | ' | 10 |
Net amounts recognized on the Condensed Consolidated Balance Sheet | 11 | 10 |
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 |
Derivatives_and_Hedging_Undesi
Derivatives and Hedging (Undesignated Contracts - Location and Amount of PreTax Gains and (Losses) Recognized in Income or As Regulatory Assets or Liabilities) (Details) (Nondesignated [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | ($264) | ($187) | ($60) |
Pretax gains (losses) recognized as regulatory assets or liabilities | 80 | 44 | -209 |
Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 10 | -2 | -1 |
Commodity Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 15 | 36 | 17 |
Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 11 | -23 | ' |
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 | 43 | 38 | -59 |
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 | -200 | -194 | ' |
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 | -100 | 2 | -1 |
Commodity Contracts [Member] | Other Income And Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | -2 | ' |
Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 55 | 10 | -165 |
Interest Rate Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | -60 |
Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -18 | -8 | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -12 | -12 | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | -154 |
Duke Energy Carolinas [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | -12 | -12 | ' |
Duke Energy Carolinas [Member] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | -94 |
Duke Energy Carolinas [Member] | Interest Rate Contracts [Member] | Regulatory Liability [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | ' | -60 |
Progress Energy [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -206 | -466 | -355 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 28 | -165 | -502 |
Progress Energy [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 10 | -171 | -502 |
Progress Energy [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 11 | -11 | 1 |
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 | -200 | -454 | -297 |
Progress Energy [Member] | Commodity Contracts [Member] | Other Income And Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | ' | 7 | -59 |
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 | 18 | 6 | ' |
Progress Energy [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -17 | -8 | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -73 | -132 | -59 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 7 | -49 | -140 |
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 | -6 | -55 | -140 |
Duke Energy Progress [Member] | Commodity Contracts [Member] | Revenue Regulated Electric [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - commodities | 11 | -11 | 1 |
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 | -71 | -115 | -60 |
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 | 13 | 6 | ' |
Duke Energy Progress [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -13 | -6 | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -134 | -341 | -237 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 21 | -116 | -362 |
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 | 16 | -116 | -362 |
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 | -129 | -339 | -237 |
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 | 5 | ' | ' |
Duke Energy Florida [Member] | Interest Rate Contracts [Member] | Interest Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings - interest | -5 | -2 | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | -57 | 77 | -28 |
Pretax gains (losses) recognized as regulatory assets or liabilities | 4 | 1 | -3 |
Duke Energy Ohio [Member] | Commodity Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | ' | 2 | 1 |
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 | 44 | 76 | -26 |
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 | -100 | 2 | -1 |
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 | 4 | ' | -4 |
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 | -1 |
Duke Energy Indiana [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized in earnings | 1 | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | 50 | 41 | -52 |
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 | 0 | 2 | -2 |
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 | 16 | 35 | 17 |
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] | Interest Rate Contracts [Member] | Regulatory Asset [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recognized as regulatory assets or liabilities | $34 | $4 | ($67) |
Derivatives_and_Hedging_Cash_F
Derivatives and Hedging (Cash Flow Hedges - Location and Amount of PreTax Recognized in Comprehensive Income) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ($1,546) | ($1,242) | ($859) |
Designated As Hedging Instrument [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | 80 | -22 | -88 |
Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | 2 | -2 | 5 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - interest rate contracts | 79 | -23 | -88 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | 2 | -2 | 5 |
Designated As Hedging Instrument [Member] | Commodity Contracts [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Pretax gains (losses) recorded in AOCI - commodity contracts | 1 | 1 | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -359 | -384 | -360 |
Duke Energy Carolinas [Member] | Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | 3 | 3 | 5 |
Duke Energy Carolinas [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | 3 | 3 | 5 |
Progress Energy [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -680 | -740 | -725 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | 1 | -10 | -144 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 14 | 13 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -159 | ' |
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 | -141 |
Progress Energy [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 14 | 13 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -159 | ' |
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 | -3 |
Duke Energy Progress [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -201 | -207 | -184 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | ' | -7 | -70 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 5 | 7 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -117 | ' |
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 | -70 |
Duke Energy Progress [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 5 | 7 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -117 | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -180 | -255 | -239 |
Duke Energy Florida [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Total pretax gains (losses) recorded in AOCI | 1 | -1 | -38 |
Duke Energy Florida [Member] | Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 2 | 1 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -42 | ' |
Duke Energy Florida [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 | ' | -2 | -35 |
Duke Energy Florida [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ' | 2 | 1 |
Pretax gains and (losses) recognized in earnings on derivatives | ' | -42 | ' |
Duke Energy Florida [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 | -3 |
Duke Energy Ohio [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -78 | -89 | -104 |
Duke Energy Indiana [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -170 | -138 | -137 |
Duke Energy Indiana [Member] | Designated As Hedging Instrument [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | -3 | -3 | -2 |
Duke Energy Indiana [Member] | Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Interest expense | ($3) | ($3) | ($2) |
Derivatives_and_Hedging_Deriva
Derivatives and Hedging (Derivative Instruments That Contain Credit-Risk Related Contingent Features and Cash Collateral) (Details) (USD $) | Dec. 31, 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 | $525 | $466 | |
Collateral aready posted | 135 | 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 | 205 | 230 | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 30 | 73 | |
Derivative, collateral, right to reclaim cash - not offset against net derivative | 122 | 93 | |
Duke Energy Carolinas [Member] | ' | ' | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Derivative, collateral, obligation to return cash - not offset against net derivative | 120 | 105 | |
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 | 168 | 286 | |
Collateral aready posted | 10 | 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 | 158 | 227 | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 10 | 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 | 60 | 108 | |
Collateral aready posted | ' | 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 | 60 | 99 | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | ' | 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 | 108 | 178 | |
Collateral aready posted | 10 | 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 | 98 | 128 | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 10 | 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 | 355 | 176 | |
Collateral aready posted | 125 | 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 | 47 | 2 | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Payables | 19 | 15 | |
Derivative, collateral, right to reclaim cash - not offset against net derivative | 115 | 92 | |
Duke Energy Indiana [Member] | ' | ' | |
Information Regarding Cash Collateral Under Master Netting Arrangements | ' | ' | |
Amounts offset against derivative positions on the net condensed Consolidated Balance Sheets, Receivables | 1 | ' | |
Derivative, collateral, obligation to return cash - not offset against net derivative | 40 | 37 | [1] |
Derivative, collateral, right to reclaim cash - not offset against net derivative | $1 | ' | |
[1] | Does not exceed 5 percent of Total current liabilities on the Consolidated Balance Sheets at December 31, 2012. |
Investments_in_Debt_and_Equity2
Investments in Debt and Equity Securities (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule of Investments [Line Items] | ' | ' |
Trading Securities | $18 | $33 |
Short-term investments | $44 | $333 |
Investments_in_Debt_and_Equity3
Investments in Debt and Equity Securities (Available-For-Sale Investments) (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | $1,884 | $1,216 | ' | ||
Gross Unrealized Holding Losses | 47 | 30 | ' | ||
Estimated Fair Value | 5,551 | 4,932 | ' | ||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ||
Realized gains | 209 | 117 | 79 | ||
Realized losses | 65 | 19 | 37 | ||
Ndtf [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1,852 | 1,199 | ' | ||
Gross Unrealized Holding Losses | 36 | 23 | ' | ||
Estimated Fair Value | 5,133 | 4,263 | ' | ||
Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 110 | 105 | ' | ||
Ndtf [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1,813 | 1,132 | ' | ||
Gross Unrealized Holding Losses | 10 | 19 | ' | ||
Estimated Fair Value | 3,579 | 2,837 | ' | ||
Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 8 | 21 | ' | ||
Gross Unrealized Holding Losses | 6 | 1 | ' | ||
Estimated Fair Value | 400 | 338 | ' | ||
Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 2 | 12 | ' | ||
Gross Unrealized Holding Losses | 6 | 1 | ' | ||
Estimated Fair Value | 160 | 194 | ' | ||
Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 7 | 24 | ' | ||
Gross Unrealized Holding Losses | 12 | 1 | ' | ||
Estimated Fair Value | 730 | 625 | ' | ||
Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 22 | 10 | ' | ||
Gross Unrealized Holding Losses | 2 | 1 | ' | ||
Estimated Fair Value | 154 | 164 | ' | ||
Other Classification [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 32 | [1] | 17 | [1] | ' |
Gross Unrealized Holding Losses | 11 | [1] | 7 | [1] | ' |
Estimated Fair Value | 418 | [1] | 669 | [1] | ' |
Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 21 | 17 | ' | ||
Other Classification [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 29 | 10 | ' | ||
Estimated Fair Value | 91 | 63 | ' | ||
Other Classification [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1 | 2 | ' | ||
Gross Unrealized Holding Losses | 1 | ' | ' | ||
Estimated Fair Value | 99 | 381 | ' | ||
Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 2 | 4 | ' | ||
Gross Unrealized Holding Losses | 2 | 1 | ' | ||
Estimated Fair Value | 79 | 70 | ' | ||
Other Classification [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 17 | 23 | ' | ||
Other Classification [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Gross Unrealized Holding Losses | 8 | 6 | ' | ||
Estimated Fair Value | 111 | 115 | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1,004 | 632 | ' | ||
Gross Unrealized Holding Losses | 23 | 9 | ' | ||
Estimated Fair Value | 2,837 | 2,364 | ' | ||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ||
Realized gains | 115 | 89 | 71 | ||
Realized losses | 12 | 6 | 35 | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1,004 | 632 | ' | ||
Gross Unrealized Holding Losses | 22 | 8 | ' | ||
Estimated Fair Value | 2,834 | 2,361 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 42 | 40 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 974 | 600 | ' | ||
Gross Unrealized Holding Losses | 6 | 5 | ' | ||
Estimated Fair Value | 1,964 | 1,592 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 5 | 11 | ' | ||
Gross Unrealized Holding Losses | 5 | 1 | ' | ||
Estimated Fair Value | 274 | 250 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 2 | ' | ||
Gross Unrealized Holding Losses | 2 | ' | ' | ||
Estimated Fair Value | 54 | 40 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 10 | ' | ||
Gross Unrealized Holding Losses | 7 | ' | ' | ||
Estimated Fair Value | 354 | 304 | ' | ||
Duke Energy Carolinas [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 22 | 9 | ' | ||
Gross Unrealized Holding Losses | 2 | 2 | ' | ||
Estimated Fair Value | 146 | 135 | ' | ||
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] | ' |
Duke Energy Carolinas [Member] | Other Classification [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Losses | 1 | 1 | ' | ||
Estimated Fair Value | 3 | 3 | ' | ||
Progress Energy [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 849 | 570 | ' | ||
Gross Unrealized Holding Losses | 14 | 15 | ' | ||
Estimated Fair Value | 2,358 | 1,959 | ' | ||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ||
Realized gains | 90 | 34 | 30 | ||
Realized losses | 46 | 18 | 33 | ||
Progress Energy [Member] | Ndtf [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 848 | 567 | ' | ||
Gross Unrealized Holding Losses | 14 | 15 | ' | ||
Estimated Fair Value | 2,299 | 1,902 | ' | ||
Progress Energy [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 68 | 65 | ' | ||
Progress Energy [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 839 | 532 | ' | ||
Gross Unrealized Holding Losses | 4 | 14 | ' | ||
Estimated Fair Value | 1,615 | 1,245 | ' | ||
Progress Energy [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 9 | ' | ||
Gross Unrealized Holding Losses | 1 | ' | ' | ||
Estimated Fair Value | 126 | 89 | ' | ||
Progress Energy [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 2 | 11 | ' | ||
Gross Unrealized Holding Losses | 4 | 1 | ' | ||
Estimated Fair Value | 106 | 154 | ' | ||
Progress Energy [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 14 | ' | ||
Gross Unrealized Holding Losses | 5 | ' | ' | ||
Estimated Fair Value | 376 | 321 | ' | ||
Progress Energy [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Estimated Fair Value | 8 | 28 | ' | ||
Progress Energy [Member] | Other Classification [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1 | [1] | 3 | [1] | ' |
Estimated Fair Value | 59 | [1] | 57 | [1] | ' |
Progress Energy [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 20 | 17 | ' | ||
Progress Energy [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1 | 3 | ' | ||
Estimated Fair Value | 39 | 40 | ' | ||
Duke Energy Progress [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 544 | 363 | ' | ||
Gross Unrealized Holding Losses | 11 | 11 | ' | ||
Estimated Fair Value | 1,540 | 1,278 | ' | ||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ||
Realized gains | 58 | 21 | 13 | ||
Realized losses | 26 | 8 | 16 | ||
Duke Energy Progress [Member] | Ndtf [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 544 | 363 | ' | ||
Gross Unrealized Holding Losses | 11 | 11 | ' | ||
Estimated Fair Value | 1,538 | 1,275 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 48 | 55 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 535 | 337 | ' | ||
Gross Unrealized Holding Losses | 3 | 11 | ' | ||
Estimated Fair Value | 1,069 | 811 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 3 | 8 | ' | ||
Gross Unrealized Holding Losses | 1 | ' | ' | ||
Estimated Fair Value | 80 | 78 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 2 | 4 | ' | ||
Gross Unrealized Holding Losses | 4 | ' | ' | ||
Estimated Fair Value | 104 | 80 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 4 | 13 | ' | ||
Gross Unrealized Holding Losses | 3 | ' | ' | ||
Estimated Fair Value | 232 | 241 | ' | ||
Duke Energy Progress [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Estimated Fair Value | 5 | 10 | ' | ||
Duke Energy Progress [Member] | Other Classification [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 2 | [1] | 3 | [1] | ' |
Duke Energy Progress [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 2 | 3 | ' | ||
Duke Energy Florida [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 305 | 207 | ' | ||
Gross Unrealized Holding Losses | 3 | 4 | ' | ||
Estimated Fair Value | 803 | 668 | ' | ||
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract] | ' | ' | ' | ||
Realized gains | 32 | 13 | 17 | ||
Realized losses | 20 | 9 | 17 | ||
Duke Energy Florida [Member] | Ndtf [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 304 | 204 | ' | ||
Gross Unrealized Holding Losses | 3 | 4 | ' | ||
Estimated Fair Value | 761 | 627 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 20 | 10 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 304 | 194 | ' | ||
Gross Unrealized Holding Losses | 1 | 4 | ' | ||
Estimated Fair Value | 546 | 434 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | Corporate Debt Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Estimated Fair Value | 46 | 11 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 7 | ' | ||
Estimated Fair Value | 2 | 74 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | US Treasury and Government [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Gross Unrealized Holding Losses | 2 | ' | ' | ||
Estimated Fair Value | 144 | 80 | ' | ||
Duke Energy Florida [Member] | Ndtf [Member] | Other Debt Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Estimated Fair Value | 3 | 18 | ' | ||
Duke Energy Florida [Member] | Other Classification [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1 | [3] | 3 | [3] | ' |
Estimated Fair Value | 42 | [3] | 41 | [3] | ' |
Duke Energy Florida [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 3 | 1 | ' | ||
Duke Energy Florida [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 1 | 3 | ' | ||
Estimated Fair Value | 39 | 40 | ' | ||
Duke Energy Indiana [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 24 | 10 | ' | ||
Gross Unrealized Holding Losses | 1 | ' | ' | ||
Estimated Fair Value | 94 | 78 | ' | ||
Duke Energy Indiana [Member] | Other Classification [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 24 | [1] | 10 | [1] | ' |
Gross Unrealized Holding Losses | 1 | [1] | ' | ' | |
Estimated Fair Value | 94 | [1] | 78 | [1] | ' |
Duke Energy Indiana [Member] | Other Classification [Member] | Cash and Cash Equivalents [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Estimated Fair Value | 1 | ' | ' | ||
Duke Energy Indiana [Member] | Other Classification [Member] | Equity Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | 24 | 9 | ' | ||
Estimated Fair Value | 65 | 50 | ' | ||
Duke Energy Indiana [Member] | Other Classification [Member] | Municipal Bonds [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Gross Unrealized Holding Gains | ' | 1 | ' | ||
Gross Unrealized Holding Losses | 1 | ' | ' | ||
Estimated Fair Value | $28 | $28 | ' | ||
[1] | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||
[2] | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets. | ||||
[3] | These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance sheets. |
Investments_in_Debt_and_Equity4
Investments in Debt and Equity Securities (Maturities) (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Debt Instrument [Line Items] | ' |
1 year | $89 |
1 through 5 years | 431 |
6 to 10 years | 426 |
Thereafter | 804 |
Total | 1,750 |
Duke Energy Carolinas [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 18 |
1 through 5 years | 167 |
6 to 10 years | 239 |
Thereafter | 407 |
Total | 831 |
Progress Energy [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 12 |
1 through 5 years | 206 |
6 to 10 years | 131 |
Thereafter | 306 |
Total | 655 |
Duke Energy Progress [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 7 |
1 through 5 years | 122 |
6 to 10 years | 89 |
Thereafter | 203 |
Total | 421 |
Duke Energy Florida [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 5 |
1 through 5 years | 84 |
6 to 10 years | 42 |
Thereafter | 103 |
Total | 234 |
Duke Energy Indiana [Member] | ' |
Debt Instrument [Line Items] | ' |
1 year | 1 |
1 through 5 years | 21 |
6 to 10 years | 4 |
Thereafter | 2 |
Total | $28 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Measurement Amounts for Assets and Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | $145 | $103 |
Assets, fair value disclosure | 5,712 | 5,048 |
Derivative liabilities | -321 | -756 |
Net assets, fair value | 5,391 | 4,292 |
Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 33 | 18 |
Assets, fair value disclosure | 4,057 | 3,200 |
Derivative liabilities | 11 | -17 |
Net assets, fair value | 4,068 | 3,183 |
Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 70 | 22 |
Assets, fair value disclosure | 1,515 | 1,687 |
Derivative liabilities | -303 | -591 |
Net assets, fair value | 1,212 | 1,096 |
Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 42 | 63 |
Assets, fair value disclosure | 140 | 161 |
Derivative liabilities | -29 | -148 |
Net assets, fair value | 111 | 13 |
NDTF [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3,579 | 2,837 |
NDTF [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3,495 | 2,762 |
NDTF [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 57 | 54 |
NDTF [Member] | Equity Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 27 | 21 |
NDTF [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,553 | 1,405 |
NDTF [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 402 | 317 |
NDTF [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,100 | 1,040 |
NDTF [Member] | Debt Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 51 | 48 |
Other Classification [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 102 | 72 |
Other Classification [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 91 | 63 |
Other Classification [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 11 | 9 |
Other Classification [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 333 | 631 |
Other Classification [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 36 | 40 |
Other Classification [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 277 | 562 |
Other Classification [Member] | Debt Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 20 | 29 |
Duke Energy Carolinas [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 2,837 | 2,357 |
Derivative liabilities | -2 | -12 |
Net assets, fair value | 2,835 | 2,345 |
Duke Energy Carolinas [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 2,047 | 1,678 |
Net assets, fair value | 2,047 | 1,678 |
Duke Energy Carolinas [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 709 | 607 |
Net assets, fair value | 709 | 607 |
Duke Energy Carolinas [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 81 | 72 |
Derivative liabilities | -2 | -12 |
Net assets, fair value | 79 | 60 |
Duke Energy Carolinas [Member] | NDTF [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,964 | 1,592 |
Duke Energy Carolinas [Member] | NDTF [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,879 | 1,523 |
Duke Energy Carolinas [Member] | NDTF [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 58 | 48 |
Duke Energy Carolinas [Member] | NDTF [Member] | Equity Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 27 | 21 |
Duke Energy Carolinas [Member] | NDTF [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 870 | 762 |
Duke Energy Carolinas [Member] | NDTF [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 168 | 155 |
Duke Energy Carolinas [Member] | NDTF [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 651 | 559 |
Duke Energy Carolinas [Member] | NDTF [Member] | Debt Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 51 | 48 |
Duke Energy Carolinas [Member] | Other Classification [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 3 |
Duke Energy Carolinas [Member] | Other Classification [Member] | Debt Securities [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 3 |
Progress Energy [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 3 | 11 |
Assets, fair value disclosure | 2,353 | 1,956 |
Derivative liabilities | -187 | -440 |
Net assets, fair value | 2,166 | 1,516 |
Progress Energy [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 1,867 | 1,418 |
Net assets, fair value | 1,867 | 1,418 |
Progress Energy [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 3 | 11 |
Assets, fair value disclosure | 486 | 538 |
Derivative liabilities | -187 | -402 |
Net assets, fair value | 299 | 136 |
Progress Energy [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative liabilities | ' | -38 |
Net assets, fair value | ' | -38 |
Progress Energy [Member] | NDTF [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,615 | 1,245 |
Progress Energy [Member] | NDTF [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,615 | 1,239 |
Progress Energy [Member] | NDTF [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 6 |
Progress Energy [Member] | NDTF [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 677 | 643 |
Progress Energy [Member] | NDTF [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 233 | 162 |
Progress Energy [Member] | NDTF [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 444 | 481 |
Progress Energy [Member] | Other Classification [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 58 | 57 |
Progress Energy [Member] | Other Classification [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 19 | 17 |
Progress Energy [Member] | Other Classification [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 39 | 40 |
Duke Energy Progress [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 1 | 2 |
Assets, fair value disclosure | 1,543 | 1,264 |
Derivative liabilities | -66 | -166 |
Net assets, fair value | 1,477 | 1,098 |
Duke Energy Progress [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 1,209 | 933 |
Net assets, fair value | 1,209 | 933 |
Duke Energy Progress [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 1 | 2 |
Assets, fair value disclosure | 334 | 331 |
Derivative liabilities | -66 | -128 |
Net assets, fair value | 268 | 203 |
Duke Energy Progress [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative liabilities | ' | -38 |
Net assets, fair value | ' | -38 |
Duke Energy Progress [Member] | NDTF [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,069 | 811 |
Duke Energy Progress [Member] | NDTF [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 1,069 | 811 |
Duke Energy Progress [Member] | NDTF [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 470 | 448 |
Duke Energy Progress [Member] | NDTF [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 137 | 119 |
Duke Energy Progress [Member] | NDTF [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 333 | 329 |
Duke Energy Progress [Member] | Other Classification [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 3 |
Duke Energy Progress [Member] | Other Classification [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 3 | 3 |
Duke Energy Florida [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 1 | 9 |
Assets, fair value disclosure | 801 | 681 |
Derivative liabilities | -116 | -270 |
Net assets, fair value | 685 | 411 |
Duke Energy Florida [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | 644 | 475 |
Net assets, fair value | 644 | 475 |
Duke Energy Florida [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 1 | 9 |
Assets, fair value disclosure | 157 | 206 |
Derivative liabilities | -116 | -270 |
Net assets, fair value | 41 | -64 |
Duke Energy Florida [Member] | NDTF [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 546 | 435 |
Duke Energy Florida [Member] | NDTF [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 546 | 429 |
Duke Energy Florida [Member] | NDTF [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | ' | 6 |
Duke Energy Florida [Member] | NDTF [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 214 | 194 |
Duke Energy Florida [Member] | NDTF [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 96 | 43 |
Duke Energy Florida [Member] | NDTF [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 118 | 151 |
Duke Energy Florida [Member] | Other Classification [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 40 | 43 |
Duke Energy Florida [Member] | Other Classification [Member] | Debt Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 2 | 3 |
Duke Energy Florida [Member] | Other Classification [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 38 | 40 |
Duke Energy Ohio [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 96 | 59 |
Derivative liabilities | -95 | -38 |
Net assets, fair value | 1 | 21 |
Duke Energy Ohio [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 50 | 48 |
Derivative liabilities | -1 | -15 |
Net assets, fair value | 49 | 33 |
Duke Energy Ohio [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 21 | 2 |
Derivative liabilities | -65 | -8 |
Net assets, fair value | -44 | -6 |
Duke Energy Ohio [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 25 | 9 |
Derivative liabilities | -29 | -15 |
Net assets, fair value | -4 | -6 |
Duke Energy Indiana [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 12 | 10 |
Assets, fair value disclosure | ' | 88 |
Derivative liabilities | ' | -63 |
Net assets, fair value | 106 | 25 |
Duke Energy Indiana [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 49 |
Net assets, fair value | 65 | 49 |
Duke Energy Indiana [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets, fair value disclosure | ' | 29 |
Derivative liabilities | ' | -63 |
Net assets, fair value | 29 | -34 |
Duke Energy Indiana [Member] | Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Derivative assets | 12 | 10 |
Assets, fair value disclosure | ' | 10 |
Net assets, fair value | 12 | 10 |
Duke Energy Indiana [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities, equity securities, noncurrent | 65 | 49 |
Duke Energy Indiana [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities, equity securities, noncurrent | 65 | 49 |
Duke Energy Indiana [Member] | Debt Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities, debt securities, noncurrent | 29 | 29 |
Duke Energy Indiana [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities, debt securities, noncurrent | $29 | $29 |
Fair_Value_Measurements_Reconc
Fair Value Measurements (Reconciliation of Assets and Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | $13 | $85 | $146 |
Total pretax gains (losses) included in earnings | -42 | 8 | -14 |
Total pretax gains (losses) included in comprehensive income | ' | 13 | 12 |
Amounts acquired in Progress Energy merger | ' | -30 | ' |
Purchases | 30 | 36 | 16 |
Sales | -6 | -2 | -3 |
Issuances | 11 | -15 | ' |
Settlements | 16 | -87 | -32 |
Total gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | 3 | 5 | -40 |
Transfers in and/or out of level 3 | 86 | ' | ' |
Ending balance | 111 | 13 | 85 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | -85 | -39 | -19 |
Amounts acquired in Progress Energy merger | ' | -30 | ' |
Total pretax gains (losses) included in earnings | -42 | 8 | -14 |
Purchases | 21 | 22 | 8 |
Issuances | 11 | -15 | ' |
Settlements | 25 | -32 | -16 |
Total Gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | -3 | 1 | 2 |
Transfers out of level 3 | 86 | ' | ' |
Ending balance | 13 | -85 | -39 |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | 10 | ' | ' |
Investments [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | 98 | 124 | 165 |
Total pretax gains (losses) included in comprehensive income | ' | 13 | 12 |
Purchases | 9 | 14 | 8 |
Sales | -6 | -2 | -3 |
Settlements | -9 | -55 | -16 |
Total gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | 6 | 4 | -42 |
Ending balance | 98 | 98 | 124 |
Derivative [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | 10 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | 60 | 65 | 59 |
Total pretax gains (losses) included in comprehensive income | ' | 2 | ' |
Purchases | 9 | 14 | 8 |
Sales | -6 | -2 | -3 |
Issuances | ' | -14 | ' |
Settlements | 10 | -9 | ' |
Total gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | 6 | 4 | 1 |
Ending balance | 79 | 60 | 65 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | -12 | ' | ' |
Issuances | ' | -14 | ' |
Settlements | 10 | 2 | ' |
Ending balance | -2 | -12 | ' |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | -4 | ' | ' |
Duke Energy Carolinas [Member] | Investments [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | 72 | 65 | 59 |
Total pretax gains (losses) included in comprehensive income | ' | 2 | ' |
Purchases | 9 | 14 | 8 |
Sales | -6 | -2 | -3 |
Settlements | ' | -11 | ' |
Total gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | 6 | 4 | 1 |
Ending balance | 81 | 72 | 65 |
Duke Energy Carolinas [Member] | Derivative [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | -4 | ' | ' |
Progress Energy [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | -38 | -24 | -36 |
Total pretax gains (losses) included in earnings | ' | 1 | ' |
Issuances | 10 | -16 | ' |
Settlements | ' | 4 | ' |
Total Gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | -6 | -3 | -21 |
Transfers out of level 3 | 34 | ' | 33 |
Ending balance | ' | -38 | -24 |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | 11 | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | -38 | -24 | -36 |
Total pretax gains (losses) included in earnings | ' | 1 | ' |
Issuances | 10 | -16 | ' |
Settlements | ' | 4 | ' |
Total Gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | -6 | -3 | -20 |
Transfers out of level 3 | 34 | ' | 32 |
Ending balance | ' | -38 | -24 |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at end of period | 11 | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | -6 | -3 | 13 |
Total pretax gains (losses) included in earnings | -42 | -3 | -4 |
Purchases | 1 | ' | ' |
Settlements | ' | 1 | -14 |
Total Gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | ' | -1 | 2 |
Transfers out of level 3 | 43 | ' | ' |
Ending balance | -4 | -6 | -3 |
Duke Energy Indiana [Member] | ' | ' | ' |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ' | ' | ' |
Beginning balance | 10 | 4 | 4 |
Total pretax gains (losses) included in earnings | 8 | 36 | 14 |
Purchases | 20 | ' | 8 |
Sales | ' | 22 | ' |
Settlements | -30 | -52 | -21 |
Total Gains (losses) included on the Consolidated Balance Sheet as regulatory asset or liability | 4 | ' | -1 |
Ending balance | $12 | $10 | $4 |
Fair_Value_Measurements_Quanti
Fair Value Measurements (Quantitative Level 3 Fair Value Disclosure) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Capacity Contracts [Member] | Commodity Capacity Contracts [Member] | Commodity Capacity Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Commodity Capacity Option Contracts [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | 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 Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy Ohio [Member] | Duke Energy 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] | ||||
Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | FERC Mitigation Power Sale Agreements [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Commodity Natural Gas Hedges [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Commodity Power Contracts [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Derivative Financial Instruments Liabilities Reserves [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | Financial Transmission Rights [Member] | |||||||||||||||||||||||
Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | RTO Market Pricing [Member] | ||||||||||||||||||||||||||||||||||||
Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Derivative Asset (Liability) Fair Value Inputs [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value inputs, price FTR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13.8 | 39.22 | -0.3 | 23.63 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39.22 | 27.17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13.8 | 35.43 | -0.3 | 23.63 |
Fair value inputs, price per MWh | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52.38 | 48.69 | 25.79 | 25.83 | ' | ' | ' | ' | ' | ' | ' | ' | 58.9 | 77.96 | 20.77 | 24.82 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52.38 | 48.69 | 25.79 | 25.83 | ' | ' | ' | ' | ' | ' | ' | 48.69 | 25.83 | ' | ' | ' | ' | ' | ' | ' | 48.69 | 25.83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 58.9 | 57.5 | 20.77 | 25.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Price Per MMBtu | ' | ' | ' | ' | ' | ' | 5.37 | 9.99 | 3.07 | 2.33 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.45 | 4.07 | ' | ' | ' | ' | ' | ' | ' | 4.45 | 4.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.37 | 4.51 | 3.07 | 3.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Price Per Mwd | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105.36 | 95.16 | ' | ' | 165.1 | 77.96 | 30.4 | 4.68 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net derivative asset (liability) | $13 | ($85) | ($39) | ($19) | ($2) | ($53) | ' | ' | ' | ' | ($2) | ($23) | ' | ' | ' | ' | $12 | $11 | ' | ' | ' | ' | $23 | ($8) | ' | ' | ' | ' | ($3) | ' | ' | $4 | $3 | ' | ' | ' | ' | ($22) | ($12) | ($2) | ($12) | ($2) | ($12) | ' | ' | ' | ' | ($38) | ($24) | ($36) | ($27) | ' | ' | ($11) | ' | ' | ($38) | ($24) | ($36) | ($27) | ' | ' | ($11) | ' | ' | ($4) | ($6) | ($3) | $13 | ($2) | $5 | ' | ' | ' | ' | $1 | ' | ' | $18 | ($1) | ' | ' | ' | ' | ($20) | ($11) | $12 | $10 | $4 | $4 | $12 | $10 | ' | ' | ' | ' |
Fair_Value_Measurements_Additi
Fair Value Measurements (Additional Fair Value Disclosure) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | $42,592 | $44,001 |
Long-term debt | 40,256 | 39,461 |
Duke Energy Carolinas [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 9,123 | 10,096 |
Long-term debt | 8,436 | 8,741 |
Progress Energy [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 15,234 | 16,563 |
Long-term debt | 14,115 | 14,428 |
Duke Energy Progress [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 5,323 | 5,277 |
Long-term debt | 5,235 | 4,840 |
Duke Energy Florida [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 5,408 | 6,222 |
Long-term debt | 4,886 | 5,320 |
Duke Energy Ohio [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 2,237 | 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 | 4,171 | 4,268 |
Long-term debt | $3,796 | $3,702 |
Variable_Interest_Entities_Con
Variable Interest Entities (Consolidated VIEs) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
In Millions, unless otherwise specified | ||||||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Cash and cash equivalents | $1,501 | $1,424 | $2,110 | $1,670 | ||
Restricted receivables of VIEs | 1,719 | 1,201 | ' | ' | ||
Other current assets | 1,821 | 1,688 | ' | ' | ||
Investments and other assets | 3,539 | 2,904 | ' | ' | ||
Accumulated depreciation and amortization | -33,625 | -31,969 | ' | ' | ||
Other deferred debits | 181 | 178 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Accounts payable | 2,391 | 2,444 | ' | ' | ||
Notes payable and commercial paper | 839 | 1,057 | ' | ' | ||
Current maturities of long-term debt | 2,104 | 3,110 | ' | ' | ||
Other current liabilities | 2,003 | 2,355 | ' | ' | ||
Long-term debt | 38,152 | 36,351 | ' | ' | ||
Deferred income taxes | 12,097 | 10,490 | ' | ' | ||
Asset retirement obligation | 4,950 | 5,169 | ' | ' | ||
Other liabilities | 1,815 | 2,221 | ' | ' | ||
Noncontrolling interests | 78 | 78 | ' | ' | ||
Cinergy Receivables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Restricted receivables of VIEs | 595 | 534 | ' | ' | ||
Total assets | 595 | 534 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Notes payable and commercial paper | ' | 312 | ' | ' | ||
Long-term debt | 325 | [1] | ' | ' | ' | |
Total liabilities | 325 | 312 | ' | ' | ||
Net assets of consolidated VIEs | 270 | 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 | 10 | 4 | ' | ' | ||
Investments and other assets | 51 | 62 | ' | ' | ||
Total assets | 78 | 81 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Current maturities of long-term debt | 14 | 13 | ' | ' | ||
Other current liabilities | 10 | 4 | ' | ' | ||
Long-term debt | 34 | [1] | 48 | [1] | ' | ' |
Other liabilities | 13 | 10 | ' | ' | ||
Total liabilities | 71 | 75 | ' | ' | ||
Net assets of consolidated VIEs | 7 | 6 | ' | ' | ||
Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Restricted receivables of VIEs | 18 | 16 | ' | ' | ||
Other current assets | 89 | 133 | ' | ' | ||
Investments and other assets | 29 | 14 | ' | ' | ||
Property, plant and equipment, cost | 1,662 | [2] | 1,543 | [2] | ' | ' |
Accumulated depreciation and amortization | -170 | -98 | ' | ' | ||
Other deferred debits | 34 | 40 | ' | ' | ||
Total assets | 1,662 | 1,648 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Accounts payable | 2 | 1 | ' | ' | ||
Taxes accrued | 10 | 62 | ' | ' | ||
Current maturities of long-term debt | 66 | 459 | ' | ' | ||
Other current liabilities | 17 | 25 | ' | ' | ||
Long-term debt | 907 | [1] | 504 | [1] | ' | ' |
Deferred income taxes | ' | 154 | ' | ' | ||
Asset retirement obligation | ' | 23 | ' | ' | ||
Other liabilities | 333 | 39 | ' | ' | ||
Total liabilities | 1,335 | 1,267 | ' | ' | ||
Net assets of consolidated VIEs | 327 | 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 | ' | 2 | ' | ' | ||
Property, plant and equipment, cost | 18 | [2] | 15 | [2] | ' | ' |
Accumulated depreciation and amortization | -5 | -5 | ' | ' | ||
Other deferred debits | 0 | ' | ' | ' | ||
Total assets | 15 | 13 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Net assets of consolidated VIEs | 15 | 13 | ' | ' | ||
Total Consolidated VIE [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Restricted receivables of VIEs | 1,719 | 1,201 | ' | ' | ||
Other current assets | 101 | 139 | ' | ' | ||
Investments and other assets | 80 | 78 | ' | ' | ||
Property, plant and equipment, cost | 1,680 | [2] | 1,558 | [2] | ' | ' |
Accumulated depreciation and amortization | -175 | -103 | ' | ' | ||
Other deferred debits | 36 | 40 | ' | ' | ||
Total assets | 3,441 | 2,913 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Accounts payable | 2 | 1 | ' | ' | ||
Notes payable and commercial paper | ' | 312 | ' | ' | ||
Taxes accrued | 10 | 62 | ' | ' | ||
Current maturities of long-term debt | 80 | 472 | ' | ' | ||
Other current liabilities | 27 | 29 | ' | ' | ||
Long-term debt | 1,966 | [1] | 852 | [1] | ' | ' |
Deferred income taxes | ' | 154 | ' | ' | ||
Asset retirement obligation | ' | 23 | ' | ' | ||
Other liabilities | 347 | 49 | ' | ' | ||
Total liabilities | 2,432 | 1,954 | ' | ' | ||
Net assets of consolidated VIEs | 1,009 | 959 | ' | ' | ||
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Cash and cash equivalents | 23 | 19 | 289 | 153 | ||
Restricted receivables of VIEs | 673 | 637 | ' | ' | ||
Other current assets | 309 | 218 | ' | ' | ||
Investments and other assets | 1,000 | 934 | ' | ' | ||
Accumulated depreciation and amortization | -11,894 | -11,437 | ' | ' | ||
Other deferred debits | 46 | 71 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Accounts payable | 701 | 599 | ' | ' | ||
Current maturities of long-term debt | 47 | 406 | ' | ' | ||
Other current liabilities | 393 | 412 | ' | ' | ||
Long-term debt | 8,089 | 8,035 | ' | ' | ||
Deferred income taxes | 5,706 | 5,181 | ' | ' | ||
Asset retirement obligation | 1,594 | 1,959 | ' | ' | ||
Other liabilities | 676 | 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 | 673 | [3] | 637 | [3] | ' | ' |
Other deferred debits | 1 | [3] | ' | ' | ' | |
Total assets | 674 | [3] | 637 | [3] | ' | ' |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Long-term debt | 400 | [1],[3] | 300 | [1],[3] | ' | ' |
Other liabilities | 1 | [3] | ' | ' | ' | |
Total liabilities | 401 | [3] | 300 | [3] | ' | ' |
Net assets of consolidated VIEs | 273 | [3] | 337 | [3] | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Cash and cash equivalents | 21 | 18 | 20 | 230 | ||
Restricted receivables of VIEs | 417 | 0 | ' | ' | ||
Other current assets | 296 | 236 | ' | ' | ||
Investments and other assets | 443 | 251 | ' | ' | ||
Accumulated depreciation and amortization | -8,623 | -8,185 | ' | ' | ||
Other deferred debits | 32 | 29 | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Accounts payable | 420 | 542 | ' | ' | ||
Current maturities of long-term debt | 174 | 407 | ' | ' | ||
Other current liabilities | 392 | 507 | ' | ' | ||
Long-term debt | 5,061 | 4,433 | ' | ' | ||
Deferred income taxes | 2,557 | 2,162 | ' | ' | ||
Asset retirement obligation | 1,729 | 1,649 | ' | ' | ||
Other liabilities | 222 | 387 | ' | ' | ||
Duke Energy Progress [Member] | DEPR [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' | ||
Variable Interest Entity Consolidated Carrying Amount Assets [Abstract] | ' | ' | ' | ' | ||
Restricted receivables of VIEs | 416 | [4] | ' | ' | ' | |
Other deferred debits | 1 | [4] | ' | ' | ' | |
Total assets | 417 | [4] | ' | ' | ' | |
Variable Interest Entity Consolidated Carrying Amount Liabilities [Abstract] | ' | ' | ' | ' | ||
Long-term debt | 300 | [1],[4] | ' | ' | ' | |
Total liabilities | 300 | [4] | ' | ' | ' | |
Net assets of consolidated VIEs | $117 | [4] | ' | ' | ' | |
[1] | Non-recourse to the general assets of Duke Energy. | |||||
[2] | Restricted as collateral for non-recourse debt of VIEs. | |||||
[3] | DERF is consolidated by Duke Energy Carolinas and Duke Energy. | |||||
[4] | DEPR is consolidated by Duke Energy Progress and Duke Energy. |
Variable_Interest_Entities_Nar
Variable Interest Entities (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 |
DukeNet [Member] | Cinergy Receivables [Member] | Cinergy Receivables [Member] | Duke Energy Carolinas [Member] | Duke Energy Carolinas [Member] | Progress Energy [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Progress [Member] | Duke Energy Florida [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] | |||
Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Variable Interest Entity, Primary Beneficiary [Member] | DERF [Member] | FPC Capital I Trust [Member] | DEPR [Member] | Cinergy Receivables [Member] | Other VIEs [Member] | Cinergy Receivables [Member] | ||||||||||
Variable Interest Entity, Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ||||||||||||||||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Equity Balance required by Cinergy Receivables | ' | ' | ' | ' | $3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed rate used when selling receivables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | 1.00% |
Equity ownership interest | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, expiration date | 1-Dec-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership interest in OVEC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' |
Debt instrument, face amount | 4,023 | 5,343 | ' | ' | ' | 650 | 400 | 300 | 800 | 1,000 | 300 | 650 | 450 | ' | ' | 500 | 250 | ' |
Contributions from parent | ' | ' | ' | $6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable_Interest_Entities_Sch
Variable Interest Entities (Schedule of Non-Consolidated VIEs) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | $390 | $483 | ||
Investments and other assets | 3,539 | 2,904 | ||
Other current liabilities | 2,003 | 2,355 | ||
Deferred credits and other liabilities | 26,575 | 26,442 | ||
Long-term debt | 40,256 | 39,461 | ||
Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 213 | 292 | ||
Investments and other assets | 4 | 11 | ||
Intangibles | 96 | 104 | ||
Total assets | 313 | 407 | ||
Other current liabilities | 3 | 3 | ||
Deferred credits and other liabilities | 15 | 336 | ||
Total liabilities | 18 | 339 | ||
Net assets (liabilities) | 295 | 68 | ||
DukeNet [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | ' | 118 | ||
Total assets | ' | 118 | ||
Net assets (liabilities) | ' | 118 | ||
Renewables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 153 | 147 | ||
Total assets | 153 | 147 | ||
Net assets (liabilities) | 153 | 147 | ||
Other VIEs [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments in equity method unconsolidated affiliates | 60 | 27 | ||
Investments and other assets | 4 | 2 | ||
Intangibles | 96 | 104 | ||
Total assets | 160 | 133 | ||
Other current liabilities | 3 | 3 | ||
Deferred credits and other liabilities | 15 | 17 | ||
Total liabilities | 18 | 20 | ||
Net assets (liabilities) | 142 | 113 | ||
FPC Capital I Trust [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | ' | 9 | [1] | |
Total assets | ' | 9 | [1] | |
Deferred credits and other liabilities | ' | 319 | [1] | |
Total liabilities | ' | 319 | [1] | |
Net assets (liabilities) | ' | -310 | [1] | |
Duke Energy Carolinas [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 1,000 | 934 | ||
Other current liabilities | 393 | 412 | ||
Deferred credits and other liabilities | 10,923 | 10,602 | ||
Long-term debt | 8,436 | 8,741 | ||
Progress Energy [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 804 | 530 | ||
Other current liabilities | 896 | 1,090 | ||
Deferred credits and other liabilities | 9,429 | 9,755 | ||
Long-term debt | 14,115 | 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 | ||
Net assets (liabilities) | ' | -265 | ||
Duke Energy Progress [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 443 | 251 | ||
Other current liabilities | 392 | 507 | ||
Deferred credits and other liabilities | 6,502 | 6,451 | ||
Long-term debt | 5,235 | 4,840 | ||
Duke Energy Florida [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 252 | 182 | ||
Other current liabilities | 445 | 516 | ||
Deferred credits and other liabilities | 3,821 | 3,934 | ||
Long-term debt | 4,886 | 5,320 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 232 | 204 | ||
Other current liabilities | 110 | 87 | ||
Deferred credits and other liabilities | 2,546 | 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 | 114 | [2] | 97 | [2] |
Intangibles | 96 | [2] | 104 | [2] |
Total assets | 210 | [2] | 201 | [2] |
Net assets (liabilities) | 210 | [2] | 201 | [2] |
Duke Energy Indiana [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Investments and other assets | 269 | 163 | ||
Other current liabilities | 88 | 154 | ||
Deferred credits and other liabilities | 2,334 | 2,005 | ||
Long-term debt | 3,796 | 3,702 | ||
Duke Energy Indiana [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ||
Receivables | 143 | [3] | 116 | [3] |
Total assets | 143 | [3] | 116 | [3] |
Net assets (liabilities) | $143 | [3] | $116 | [3] |
[1] | The entire balance of Investments and other assets and $274 million of the Deferred Credits and Other Liabilities balance applies to Progress Energy. | |||
[2] | Reflects OVEC and retained interest in CRC. | |||
[3] | Reflects retained interest in CRC. |
Variable_Interest_Entities_Fai
Variable Interest Entities (Fair Value Assumptions)(Details) (Cinergy Receivables [Member], Variable Interest Entity, Not Primary Beneficiary [Member]) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 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], Variable Interest Entity, Not Primary Beneficiary [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Duke Energy Ohio [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Receivables sold | $290 | $282 |
Less: retained interests | 114 | 97 |
Net receivables sold | 176 | 185 |
Duke Energy Indiana [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Receivables sold | 340 | 289 |
Less: retained interests | 143 | 116 |
Net receivables sold | $197 | $173 |
Variable_Interest_Entities_Sal
Variable Interest Entities (Sales and Cash Flows)(Details) (Cinergy Receivables [Member], Variable Interest Entity, Not Primary Beneficiary [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Duke Energy Ohio [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Receivables sold | $2,251 | $2,154 | $2,390 |
Gain (loss) recognized on sale | -12 | -13 | -21 |
Cash proceeds from receivables sold | 2,220 | 2,172 | 2,474 |
Return received on retained interests | 5 | 5 | 12 |
Collection fees received | 1 | 1 | 1 |
Duke Energy Indiana [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Receivables sold | 2,985 | 2,773 | 2,658 |
Gain (loss) recognized on sale | -11 | -12 | -16 |
Cash proceeds from receivables sold | 2,944 | 2,784 | 2,674 |
Return received on retained interests | 6 | 7 | 13 |
Collection fees received | $1 | $1 | $1 |
Common_Stock_Details
Common Stock (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average shares, basic | ' | ' | ' | ' | ' | ' | ' | ' | 706 | 574 | 444 |
Average shares, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 706 | 575 | 444 |
EPS, basic | $0.96 | $1.40 | $0.48 | $0.89 | $0.57 | $0.84 | $0.99 | $0.66 | $3.74 | $3.01 | $3.83 |
EPS, diluted | $0.96 | $1.40 | $0.48 | $0.89 | $0.57 | $0.84 | $0.99 | $0.66 | $3.74 | $3.01 | $3.83 |
Number of stock options and performance and unvested stock awards excluded from the dilutive securities calculation | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 1 | 3 |
Dividends declared per share | ' | ' | ' | ' | ' | ' | ' | ' | $3.09 | $3.03 | $2.97 |
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 | ' | ' | ' | ' | ' | ' | ' | ' | $2,640 | $1,727 | $1,702 |
Average Shares [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options, performance and restricted stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' |
Average shares, basic and diluted | ' | ' | ' | ' | ' | ' | ' | ' | 706 | ' | 444 |
Average shares, basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | 574 | ' |
Average shares, diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | 575 | ' |
EPS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
EPS, basic and diluted | ' | ' | ' | ' | ' | ' | ' | ' | $3.74 | ' | $3.83 |
EPS, basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.01 | ' |
EPS, diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.01 | ' |
Severance_NarrativeDetails
Severance (Narrative)(Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | |
In Millions, unless otherwise specified | Nov. 30, 2011 | Dec. 31, 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 $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | $34 | [1] | $201 | [1] |
COBRA and healthcare expense reimbursement | 2 | 19 | ||
Accelerated stock compensation expense | 5 | 14 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | 8 | 63 | ||
Progress Energy [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | 19 | 82 | ||
Duke Energy Progress [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | 14 | 55 | ||
Duke Energy Florida [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | 5 | 27 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | 2 | 21 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Restructuring Cost and Reserve [Line Items] | ' | ' | ||
Severance expense | $2 | $18 | ||
[1] | Includes $5 million and $14 million of accelerated stock award expense and $2 million and $19 million of COBRA and healthcare reimbursement expenses for 2013 and 2012, respectively. |
Severance_Rollforward_Details
Severance Rollforward (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | $135 |
Provision/adjustments | 52 |
Cash reductions | -123 |
Balance, end of period | 64 |
Duke Energy Carolinas [Member] | ' |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | 12 |
Provision/adjustments | 6 |
Cash reductions | -13 |
Balance, end of period | 5 |
Progress Energy [Member] | ' |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | 43 |
Provision/adjustments | 49 |
Cash reductions | -48 |
Balance, end of period | 44 |
Duke Energy Progress [Member] | ' |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | 23 |
Provision/adjustments | 8 |
Cash reductions | -20 |
Balance, end of period | 11 |
Duke Energy Florida [Member] | ' |
Restructuring Reserve [Roll Forward] | ' |
Balance, beginning of period | 6 |
Provision/adjustments | 31 |
Cash reductions | -13 |
Balance, end of period | $24 |
Severance_VOP_Deferral_Details
Severance VOP Deferral (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2012 |
Restructuring Cost and Reserve [Line Items] | ' |
Voluntary opportunity cost deferral | ($101) |
Duke Energy Carolinas [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Voluntary opportunity cost deferral | ($101) |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Estimated fair value of stock based compensation awards allocated to purchase price | $62 | ' | ' |
Shares reserved for awards to employees and outside directors | 25 | ' | ' |
Maximum option term, years | '10 | ' | ' |
Shares to be issued under various stock-based awards other than options and stock appreciation rights | 6.25 | ' | ' |
Restricted Stock Units Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Unrecognized compensation cost | 21 | ' | ' |
Unrecognized compensation cost, period of recognition, years | '1 year 9 months 0 days | ' | ' |
Total grant date fair value of shares vested | 50 | 34 | 19 |
Performance Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Unrecognized compensation cost | 22 | ' | ' |
Unrecognized compensation cost, period of recognition, years | '1 year 11 months 0 days | ' | ' |
Total grant date fair value of shares vested | $42 | $56 | $33 |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | $52 | $48 | $32 |
Pretax stock-based compensation expense | 85 | 78 | 52 |
Tax benefit associated with stock-based compensation expense | 33 | 30 | 20 |
Stock-based compensation costs capitalized | 3 | 2 | 2 |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Pretax stock-based compensation expense | 2 | 2 | 2 |
Restricted Stock Units Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Pretax stock-based compensation expense | 49 | 43 | 27 |
Performance Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Pretax stock-based compensation expense | 34 | 33 | 23 |
Duke Energy Carolinas [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | 13 | 12 | 17 |
Progress Energy [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | 23 | 25 | 20 |
Duke Energy Progress [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | 14 | 16 | 12 |
Duke Energy Florida [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | 9 | 9 | 8 |
Duke Energy Ohio [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | 4 | 4 | 6 |
Duke Energy Indiana [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense, Net of Tax | $4 | $4 | $4 |
StockBased_Compensation_Stock_
Stock-Based Compensation (Stock Options) (Details) (USD $) | 12 Months Ended | |||
In Millions, except Share data in Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Option Activity, Options [Roll Forward] | ' | ' | ' | |
Outstanding at December 31, 2012 | 1,654 | ' | ' | |
Granted | 310 | 340 | 358 | |
Exercised | -1,162 | ' | ' | |
Forfeited or expired | -9 | ' | ' | |
Outstanding at December 31, 2013 | 793 | 1,654 | ' | |
Exercisable at December 31, 2013 | 137 | ' | ' | |
Options expected to vest | 656 | ' | ' | |
Stock Option Activity, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' | |
Weighted average exercise price of options outstanding at December 31, 2012 | $51 | ' | ' | |
Granted | $69 | ' | ' | |
Exercised | $48 | ' | ' | |
Forfeited or expired | $41 | ' | ' | |
Weighted average exercise price of options outstanding at December 31, 2013 | $61 | $51 | ' | |
Weighted average exercise price of options exercisable at December 31, 2013 | $46 | ' | ' | |
Weighted average exercise price of options expected to vest | $64 | ' | ' | |
Weighted-Average Remaining Life [Abstract] | ' | ' | ' | |
Weighted average remaining life of options outstanding at December 31, 2013, years | '7 years 3 months 0 days | ' | ' | |
Weighted average remaining life of options exercisable at December 31, 2013, years | '1 year 5 months 0 days | ' | ' | |
Weighted average remaining life of options expected to vest, years | '8 years 5 months 0 days | ' | ' | |
Aggregate Intrinsic Value [Abstract] | ' | ' | ' | |
Aggregate intrinsic value of options outstanding at December 31, 2013 | $6 | ' | ' | |
Aggregate intrinsic value of options exercisable at December 31, 2013 | 3 | ' | ' | |
Aggregate intrinsic value of options expected to vest | 3 | ' | ' | |
Schedule Of Information Related To Stock Options [Abstract] | ' | ' | ' | |
Intrinsic value of options exercised | 26 | 17 | 26 | |
Tax benefit resulting from options exercised | 10 | 7 | 10 | |
Cash received from options exercised | $9 | $21 | $74 | |
Stock options granted | 310 | 340 | 358 | |
Weighted-Average Assumptions for Option Pricing [Abstract] | ' | ' | ' | |
Risk-free interest rate | 1.00% | [1] | ' | ' |
Expected dividend yield | 4.70% | [2] | ' | ' |
Expected life, years | '6 years 0 months 0 days | [3] | ' | ' |
Expected volatility | 18.10% | [4] | ' | ' |
[1] | The risk-free rate is based upon the average of five-year and seven-year U.S. Treasury Constant Maturity rates as of the grant date. | |||
[2] | The expected dividend yield is based upon the most recent annualized dividend and the one-year average closing stock price. | |||
[3] | The expected life of options is derived from the simplified method approach. | |||
[4] | Volatility is based equally between historical and implied volatility. Historic volatility is based on Duke Energy's historical volatility over the expected life using daily stock prices. Implied volatility is the average for all option contracts with a term greater than six months using the strike price closest to the stock price on the valuation date. |
StockBased_Compensation_Summar
Stock-Based Compensation (Summary of Stock Awards Outstanding) (Details) (USD $) | 12 Months Ended | |||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Restricted Stock Units Awards [Member] | ' | ' | ' | |||
Schedule Of Shares Awarded [Abstract] | ' | ' | ' | |||
Shares awarded (in thousands) | 612 | 443 | 636 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' | |||
Outstanding at December 31, 2012 | 1,607 | ' | ' | |||
Granted | 612 | 443 | 636 | |||
Vested | -794 | ' | ' | |||
Forfeited | -25 | ' | ' | |||
Outstanding at December 31, 2013 | 1,400 | 1,607 | ' | |||
Fair value | $42 | [1] | $28 | [1] | $34 | [1] |
Stock awards expected to vest | 1,365 | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | |||
Weighted average fair value at December 31, 2012 | $64 | ' | ' | |||
Granted | $69 | ' | ' | |||
Vested | $63 | ' | ' | |||
Forfeited | $68 | ' | ' | |||
Weighted average fair value at December 31, 2013 | $66 | $64 | ' | |||
Weighted average fair value of awards expected to vest | $66 | ' | ' | |||
Performance Awards [Member] | ' | ' | ' | |||
Schedule Of Shares Awarded [Abstract] | ' | ' | ' | |||
Shares awarded (in thousands) | 633 | 352 | 432 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' | |||
Outstanding at December 31, 2012 | 2,346 | ' | ' | |||
Granted | 633 | 352 | 432 | |||
Vested | -858 | ' | ' | |||
Forfeited | -299 | ' | ' | |||
Outstanding at December 31, 2013 | 1,822 | 2,346 | ' | |||
Fair value | $28 | $19 | $20 | |||
Stock awards expected to vest | 1,646 | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | |||
Weighted average fair value at December 31, 2012 | $47 | ' | ' | |||
Granted | $45 | ' | ' | |||
Vested | $49 | ' | ' | |||
Forfeited | $46 | ' | ' | |||
Weighted average fair value at December 31, 2013 | $46 | $47 | ' | |||
Weighted average fair value of awards expected to vest | $47 | ' | ' | |||
[1] | Based on the market price of Duke Energy's common stock at the grant date. |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (Master Retirement Trust [Member]) | 12 Months Ended |
Dec. 31, 2013 | |
Qualified Pension Plans [Member] | ' |
Pension Plan Asset Allocation [Abstract] | ' |
Master trust allocation percentage | 98.00% |
Other Post-Retirement Benefit Plans [Member] | ' |
Pension Plan Asset Allocation [Abstract] | ' |
Master trust allocation percentage | 2.00% |
Employee_Benefit_Plans_Contrib
Employee Benefit Plans (Contributions to Defined Benefit Pension Plans) (Details) (Qualified Pension Plans [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | $250 | $304 | $200 |
Anticipated contribution | 143 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | ' | ' | 33 |
Anticipated contribution | 42 | ' | ' |
Progress Energy [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | 250 | 346 | 334 |
Anticipated contribution | 51 | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | 63 | 141 | 217 |
Anticipated contribution | 21 | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | 133 | 128 | 112 |
Anticipated contribution | 21 | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | ' | ' | 48 |
Anticipated contribution | 4 | ' | ' |
Duke Energy Indiana [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | ' | ' | 52 |
Anticipated contribution | $9 | ' | ' |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components of Net Periodic Pension Costs) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Qualified Pension Plans [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | $167 | $122 | $96 | |||
Interest cost on projected benefit obligation | 320 | 307 | 232 | |||
Expected return on plan assets | -549 | -472 | -384 | |||
Amortization of actuarial loss (gain) | 244 | 144 | 77 | |||
Amortization of prior service cost (credit) | -11 | 10 | 6 | |||
Other | 7 | 6 | 18 | |||
Net periodic costs | 178 | [1],[2] | 117 | [1],[2] | 45 | [1],[2] |
Regulatory asset amortization | 12 | 14 | 14 | |||
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 49 | 35 | 37 | |||
Interest cost on projected benefit obligation | 80 | 90 | 85 | |||
Expected return on plan assets | -148 | -146 | -150 | |||
Amortization of actuarial loss (gain) | 60 | 45 | 37 | |||
Amortization of prior service cost (credit) | -6 | 1 | 1 | |||
Other | 2 | 2 | 7 | |||
Net periodic costs | 37 | [1],[2] | 27 | [1],[2] | 17 | [1],[2] |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 60 | 63 | 51 | |||
Interest cost on projected benefit obligation | 116 | 127 | 132 | |||
Expected return on plan assets | -199 | -188 | -182 | |||
Amortization of actuarial loss (gain) | 101 | 93 | 66 | |||
Amortization of prior service cost (credit) | -4 | 9 | 7 | |||
Other | 2 | 2 | ' | |||
Net periodic costs | 76 | [1],[2] | 106 | [1],[2] | 74 | [1],[2] |
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 22 | 25 | 20 | |||
Interest cost on projected benefit obligation | 50 | 58 | 61 | |||
Expected return on plan assets | -94 | -96 | -91 | |||
Amortization of actuarial loss (gain) | 46 | 37 | 25 | |||
Amortization of prior service cost (credit) | -1 | 8 | 6 | |||
Other | 1 | 1 | ' | |||
Net periodic costs | 24 | [1],[2] | 33 | [1],[2] | 21 | [1],[2] |
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 30 | 30 | 24 | |||
Interest cost on projected benefit obligation | 53 | 56 | 57 | |||
Expected return on plan assets | -87 | -81 | -78 | |||
Amortization of actuarial loss (gain) | 49 | 48 | 33 | |||
Amortization of prior service cost (credit) | -2 | -1 | ' | |||
Other | 1 | 1 | ' | |||
Net periodic costs | 44 | [1],[2] | 53 | [1],[2] | 36 | [1],[2] |
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 6 | 6 | 7 | |||
Interest cost on projected benefit obligation | 21 | 31 | 32 | |||
Expected return on plan assets | -31 | -45 | -44 | |||
Amortization of actuarial loss (gain) | 13 | 10 | 7 | |||
Amortization of prior service cost (credit) | ' | 1 | 1 | |||
Other | ' | ' | 2 | |||
Net periodic costs | 9 | [1],[2] | 3 | [1],[2] | 5 | [1],[2] |
Regulatory asset amortization | 6 | 6 | 7 | |||
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 11 | 9 | 11 | |||
Interest cost on projected benefit obligation | 28 | 30 | 30 | |||
Expected return on plan assets | -46 | -46 | -45 | |||
Amortization of actuarial loss (gain) | 24 | 15 | 14 | |||
Amortization of prior service cost (credit) | 1 | 1 | 2 | |||
Other | 1 | ' | 2 | |||
Net periodic costs | 19 | [1],[2] | 9 | [1],[2] | 14 | [1],[2] |
Non-Qualified Pension Plans [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 3 | 2 | 1 | |||
Interest cost on projected benefit obligation | 13 | 12 | 8 | |||
Amortization of actuarial loss (gain) | 5 | 4 | ' | |||
Amortization of prior service cost (credit) | -1 | 1 | 2 | |||
Net periodic costs | 20 | 19 | 11 | |||
Non-Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Interest cost on projected benefit obligation | 1 | 1 | 1 | |||
Net periodic costs | 1 | 1 | 1 | |||
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 1 | 2 | 2 | |||
Interest cost on projected benefit obligation | 7 | 8 | 9 | |||
Amortization of actuarial loss (gain) | 3 | 5 | 3 | |||
Amortization of prior service cost (credit) | -1 | -1 | ' | |||
Net periodic costs | 10 | 14 | 14 | |||
Non-Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 1 | 1 | 1 | |||
Interest cost on projected benefit obligation | 1 | 1 | 2 | |||
Amortization of actuarial loss (gain) | 1 | 1 | ' | |||
Net periodic costs | 3 | 3 | 3 | |||
Non-Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Interest cost on projected benefit obligation | 1 | 2 | 2 | |||
Amortization of actuarial loss (gain) | 1 | ' | 1 | |||
Net periodic costs | 2 | 2 | 3 | |||
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 24 | 16 | 7 | |||
Interest cost on projected benefit obligation | 68 | 56 | 35 | |||
Expected return on plan assets | -14 | -17 | -15 | |||
Amortization of actuarial loss (gain) | 52 | 14 | -3 | |||
Amortization of prior service cost (credit) | -41 | -8 | -8 | |||
Amortization of net transition liability | ' | 10 | 10 | |||
Special termination benefit cost | ' | 9 | ' | |||
Net periodic costs | 89 | [3],[4] | 80 | [3],[4] | 26 | [3],[4] |
Regulatory asset amortization | 8 | 9 | 8 | |||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 2 | 2 | 2 | |||
Interest cost on projected benefit obligation | 13 | 15 | 16 | |||
Expected return on plan assets | -11 | -10 | -10 | |||
Amortization of actuarial loss (gain) | 3 | 3 | 2 | |||
Amortization of prior service cost (credit) | -7 | -5 | -5 | |||
Amortization of net transition liability | ' | 7 | 9 | |||
Special termination benefit cost | ' | 1 | ' | |||
Net periodic costs | 0 | [3],[4] | 13 | [3],[4] | 14 | [3],[4] |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 18 | 17 | 11 | |||
Interest cost on projected benefit obligation | 41 | 43 | 41 | |||
Expected return on plan assets | ' | -2 | -2 | |||
Amortization of actuarial loss (gain) | 57 | 35 | 12 | |||
Amortization of prior service cost (credit) | -30 | ' | ' | |||
Amortization of net transition liability | ' | 4 | 5 | |||
Special termination benefit cost | ' | 5 | ' | |||
Net periodic costs | 86 | [3],[4] | 102 | [3],[4] | 67 | [3],[4] |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 9 | 8 | 5 | |||
Interest cost on projected benefit obligation | 22 | 23 | 20 | |||
Amortization of actuarial loss (gain) | 34 | 20 | 5 | |||
Amortization of prior service cost (credit) | -20 | ' | ' | |||
Amortization of net transition liability | ' | ' | 1 | |||
Special termination benefit cost | 0 | 2 | ' | |||
Net periodic costs | 45 | [3],[4] | 53 | [3],[4] | 31 | [3],[4] |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 7 | 7 | 5 | |||
Interest cost on projected benefit obligation | 16 | 18 | 18 | |||
Expected return on plan assets | ' | -2 | -2 | |||
Amortization of actuarial loss (gain) | 16 | 12 | 7 | |||
Amortization of prior service cost (credit) | -6 | ' | ' | |||
Amortization of net transition liability | ' | 3 | 4 | |||
Special termination benefit cost | ' | 1 | ' | |||
Net periodic costs | 33 | [3],[4] | 39 | [3],[4] | 32 | [3],[4] |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 1 | 1 | 1 | |||
Interest cost on projected benefit obligation | 2 | 3 | 3 | |||
Expected return on plan assets | -1 | -1 | -1 | |||
Amortization of actuarial loss (gain) | -1 | -2 | -2 | |||
Amortization of prior service cost (credit) | -1 | -1 | -1 | |||
Net periodic costs | 0 | [3],[4] | 0 | [3],[4] | 0 | [3],[4] |
Regulatory asset amortization | 2 | 2 | 2 | |||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | |||
Service cost | 1 | 1 | 1 | |||
Interest cost on projected benefit obligation | 5 | 6 | 7 | |||
Expected return on plan assets | -1 | -1 | -1 | |||
Amortization of actuarial loss (gain) | 1 | ' | 2 | |||
Net periodic costs | $6 | [3],[4] | $6 | [3],[4] | $9 | [3],[4] |
[1] | Duke Energy amounts exclude $12 million, $14 million and $14 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy in April 2006. | |||||
[2] | Duke Energy Ohio amounts exclude $6 million, $6 million and $7 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy in April 2006. | |||||
[3] | Duke Energy amounts exclude $8 million, $9 million and $8 million for the years ended December 31, 2013, 2012 and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy in April 2006. | |||||
[4] | Duke Energy Ohio amounts exclude $2 million for each of the years ended December 31, 2013, 2012 and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with Duke Energybs merger with Cinergy in April 2006. |
Employee_Benefit_Plans_Project
Employee Benefit Plans (Projected Benefit Obligations Recognized in Accumulated Other Comprehensive Income and Regulatory Assets and Liabilities) (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | $17 | $9 | ($23) | ||
Net amount recognized in accumulated other comprehensive (income) loss | -38 | -19 | 49 | ||
Progress Energy [Member] | ' | ' | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | ' | ' | 27 | ||
Net amount recognized in accumulated other comprehensive (income) loss | -9 | 2 | -39 | [1] | |
Duke Energy Ohio [Member] | ' | ' | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | ' | -8 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | -1 | -27 | [2] | 6 | |
Qualified Pension Plans [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -788 | 976 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | 18 | 14 | ' | ||
Actuarial (gains) losses arising during the year | -33 | -2 | ' | ||
Prior year service cost (credit) arising during the year | -1 | -7 | ' | ||
Amortization of prior year actuarial gains (losses) | -15 | -13 | ' | ||
Reclassification of actuarial gains (losses) to regulatory assets | 3 | -20 | ' | ||
Amortization of prior year service cost | ' | -1 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | -28 | -29 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -205 | -111 | ' | ||
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -253 | -76 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Actuarial (gains) losses arising during the year | -2 | 3 | ' | ||
Amortization of prior year actuarial gains (losses) | -3 | -2 | ' | ||
Amortization of prior year service cost | ' | -1 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | -5 | 0 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -109 | -89 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -146 | 23 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -96 | 22 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | ' | 15 | ' | ||
Reclassification of actuarial losses to an affiliate | ' | -48 | ' | ||
Amortization of prior year actuarial gains (losses) | ' | -3 | ' | ||
Reclassification of actuarial gains (losses) to regulatory assets | ' | -1 | ' | ||
Amortization of prior year service cost | ' | -1 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | 0 | -38 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -99 | 17 | ' | ||
Non Qualified Pension Plans [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -14 | 34 | ' | ||
Regulatory liabilities, net increase (decrease) | 5 | -8 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Actuarial (gains) losses arising during the year | 2 | -2 | ' | ||
Prior year service cost (credit) arising during the year | -1 | ' | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | 1 | -2 | ' | ||
Non Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | 1 | ' | ' | ||
Non Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -16 | -6 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | 1 | -1 | ' | ||
Actuarial (gains) losses arising during the year | -5 | 3 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | -4 | 2 | ' | ||
Non Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -4 | -2 | ' | ||
Non Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -3 | 1 | ' | ||
Non Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -2 | ' | ' | ||
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -683 | 484 | ' | ||
Regulatory liabilities, net increase (decrease) | 30 | -6 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | 2 | -2 | ' | ||
Actuarial (gains) losses arising during the year | -4 | ' | ' | ||
Prior year service cost (credit) arising during the year | -3 | ' | ' | ||
Amortization of prior year actuarial gains (losses) | 1 | ' | ' | ||
Reclassification of actuarial gains (losses) to regulatory liabilities | ' | 4 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | -4 | 2 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -51 | -20 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -634 | 228 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -388 | 170 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -166 | 28 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory liabilities, net increase (decrease) | 3 | -1 | ' | ||
Amounts Recognized in Accumulated Other Comprehensive Loss (Income) [Abstract] | ' | ' | ' | ||
Deferred income tax benefit (expense) | ' | -4 | ' | ||
Reclassification of actuarial losses to an affiliate | ' | 6 | ' | ||
Actuarial (gains) losses arising during the year | ' | 2 | ' | ||
Prior year service cost (credit) arising during the year | ' | 1 | ' | ||
Amortization of prior year actuarial gains (losses) | ' | 1 | ' | ||
Net amount recognized in accumulated other comprehensive (income) loss | 0 | 6 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | ||
Amounts Recognized in Regulatory Assets and Liabilities [Abstract] | ' | ' | ' | ||
Regulatory assets, net increase (decrease) | -6 | -6 | ' | ||
Regulatory liabilities, net increase (decrease) | $9 | ($2) | ' | ||
[1] | Net of $27 million tax expense in 2011. | ||||
[2] | Net of $8 million tax expense in 2012. |
Employee_Benefit_Plans_Project1
Employee Benefit Plans (Projected Benefit Obligations Reconciliation of Funded Status to Net Amount Recognized) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Qualified Pension Plans [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | $8,030 | $4,880 | ' | |
Obligation assumed from acquisition | ' | 2,850 | ' | |
Service cost | 167 | 122 | 96 | |
Interest cost on projected benefit obligation | 320 | 307 | 232 | |
Actuarial (gains) losses | -399 | 489 | ' | |
Plan amendments | -41 | -170 | ' | |
Benefits paid | -567 | -448 | ' | |
Obligation at measurement date | 7,510 | 8,030 | 4,880 | |
Accumulated benefit obligation at measurement date | 7,361 | 7,843 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 7,754 | 4,741 | ' | |
Assets received from acquisition | ' | 2,285 | ' | |
Actual return on plan assets | 705 | 872 | ' | |
Benefits paid | -567 | -448 | ' | |
Employer contributions | 250 | 304 | 200 | |
Plan assets at measurement date | 8,142 | 7,754 | 4,741 | |
Funded status of plan | 632 | -276 | ' | |
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 2,028 | 1,831 | ' | |
Service cost | 49 | 35 | 37 | |
Interest cost on projected benefit obligation | 80 | 90 | 85 | |
Actuarial (gains) losses | -73 | 73 | ' | |
Transfers of benefit obligation | -26 | 176 | ' | |
Plan amendments | -13 | -52 | ' | |
Benefits paid | -170 | -125 | ' | |
Obligation at measurement date | 1,875 | 2,028 | 1,831 | |
Accumulated benefit obligation at measurement date | 1,875 | 2,028 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 2,151 | 1,820 | ' | |
Actual return on plan assets | 207 | 280 | ' | |
Benefits paid | -170 | -125 | ' | |
Transfer of plan assets | -26 | 176 | ' | |
Employer contributions | ' | ' | 33 | |
Plan assets at measurement date | 2,162 | 2,151 | 1,820 | |
Funded status of plan | 287 | 123 | ' | |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 2,868 | 2,729 | ' | |
Service cost | 60 | 63 | 51 | |
Interest cost on projected benefit obligation | 116 | 127 | 132 | |
Actuarial (gains) losses | -118 | 166 | ' | |
Transfers of benefit obligation | -7 | ' | ' | |
Plan amendments | -19 | -64 | ' | |
Benefits paid | -161 | -153 | ' | |
Obligation at measurement date | 2,739 | 2,868 | 2,729 | |
Accumulated benefit obligation at measurement date | 2,698 | 2,820 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 2,647 | 2,191 | ' | |
Actual return on plan assets | 215 | 263 | ' | |
Benefits paid | -161 | -153 | ' | |
Transfer of plan assets | -7 | ' | ' | |
Employer contributions | 250 | 346 | 334 | |
Plan assets at measurement date | 2,944 | 2,647 | 2,191 | |
Funded status of plan | 205 | -221 | ' | |
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 1,264 | 1,263 | ' | |
Service cost | 22 | 25 | 20 | |
Interest cost on projected benefit obligation | 50 | 58 | 61 | |
Actuarial (gains) losses | -26 | 34 | ' | |
Transfers of benefit obligation | -45 | ' | ' | |
Plan amendments | -8 | -43 | ' | |
Benefits paid | -85 | -73 | ' | |
Obligation at measurement date | 1,172 | 1,264 | 1,263 | |
Accumulated benefit obligation at measurement date | 1,172 | 1,264 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 1,289 | 1,091 | ' | |
Actual return on plan assets | 108 | 130 | ' | |
Benefits paid | -85 | -73 | ' | |
Transfer of plan assets | -45 | ' | ' | |
Employer contributions | 63 | 141 | 217 | |
Plan assets at measurement date | 1,330 | 1,289 | 1,091 | |
Funded status of plan | 158 | 25 | ' | |
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 1,309 | 1,179 | ' | |
Service cost | 30 | 30 | 24 | |
Interest cost on projected benefit obligation | 53 | 56 | 57 | |
Actuarial (gains) losses | -75 | 120 | ' | |
Transfers of benefit obligation | -17 | ' | ' | |
Plan amendments | -7 | -10 | ' | |
Benefits paid | -60 | -66 | ' | |
Obligation at measurement date | 1,233 | 1,309 | 1,179 | |
Accumulated benefit obligation at measurement date | 1,192 | 1,261 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 1,150 | 969 | ' | |
Actual return on plan assets | 93 | 119 | ' | |
Benefits paid | -60 | -66 | ' | |
Transfer of plan assets | -17 | ' | ' | |
Employer contributions | 133 | 128 | 112 | |
Plan assets at measurement date | 1,299 | 1,150 | 969 | |
Funded status of plan | 66 | -159 | ' | |
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 527 | 627 | ' | |
Service cost | 6 | 6 | 7 | |
Interest cost on projected benefit obligation | 21 | 31 | 32 | |
Actuarial (gains) losses | -71 | 68 | ' | |
Transfers of benefit obligation | -2 | -167 | ' | |
Benefits paid | -39 | -38 | ' | |
Obligation at measurement date | 442 | 527 | 627 | |
Accumulated benefit obligation at measurement date | 429 | 501 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 446 | 565 | ' | |
Actual return on plan assets | 43 | 86 | ' | |
Benefits paid | -39 | -38 | ' | |
Transfer of plan assets | -2 | -167 | ' | |
Employer contributions | ' | ' | 48 | |
Plan assets at measurement date | 448 | 446 | 565 | |
Funded status of plan | 6 | -81 | ' | |
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 684 | 613 | ' | |
Service cost | 11 | 9 | 11 | |
Interest cost on projected benefit obligation | 28 | 30 | 30 | |
Actuarial (gains) losses | -56 | 76 | ' | |
Transfers of benefit obligation | -2 | ' | ' | |
Plan amendments | ' | -1 | ' | |
Benefits paid | -33 | -43 | ' | |
Obligation at measurement date | 632 | 684 | 613 | |
Accumulated benefit obligation at measurement date | 608 | 653 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 627 | 582 | ' | |
Actual return on plan assets | 62 | 88 | ' | |
Benefits paid | -33 | -43 | ' | |
Transfer of plan assets | -2 | ' | ' | |
Employer contributions | ' | ' | 52 | |
Plan assets at measurement date | 654 | 627 | 582 | |
Funded status of plan | 22 | -57 | ' | |
Non Qualified Pension Plans [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 335 | 160 | ' | |
Obligation assumed from acquisition | ' | 172 | ' | |
Service cost | 3 | 2 | 1 | |
Interest cost on projected benefit obligation | 13 | 12 | 8 | |
Actuarial (gains) losses | -15 | 18 | ' | |
Settlements | -5 | ' | ' | |
Plan amendments | -1 | -5 | ' | |
Benefits paid | -26 | -24 | ' | |
Obligation at measurement date | 304 | 335 | 160 | |
Accumulated benefit obligation at measurement date | 302 | 332 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -26 | -24 | ' | |
Employer contributions | 26 | 24 | ' | |
Non Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 16 | 18 | ' | |
Interest cost on projected benefit obligation | 1 | 1 | 1 | |
Actuarial (gains) losses | 1 | ' | ' | |
Transfers of benefit obligation | ' | 1 | ' | |
Benefits paid | -3 | -4 | ' | |
Obligation at measurement date | 15 | 16 | 18 | |
Accumulated benefit obligation at measurement date | 15 | 16 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -3 | -4 | ' | |
Employer contributions | 3 | 4 | ' | |
Non Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 176 | 177 | ' | |
Service cost | 1 | 2 | 2 | |
Interest cost on projected benefit obligation | 7 | 8 | 9 | |
Actuarial (gains) losses | -11 | 11 | ' | |
Transfers of benefit obligation | -21 | ' | ' | |
Plan amendments | ' | -12 | ' | |
Benefits paid | -12 | -10 | ' | |
Obligation at measurement date | 140 | 176 | 177 | |
Accumulated benefit obligation at measurement date | 140 | 175 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -12 | -10 | ' | |
Employer contributions | 12 | 10 | ' | |
Non Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 38 | 39 | ' | |
Service cost | 1 | 1 | 1 | |
Interest cost on projected benefit obligation | 1 | 1 | 2 | |
Actuarial (gains) losses | -3 | 3 | ' | |
Plan amendments | ' | -4 | ' | |
Benefits paid | -3 | -2 | ' | |
Obligation at measurement date | 34 | 38 | 39 | |
Accumulated benefit obligation at measurement date | 34 | 36 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -3 | -2 | ' | |
Employer contributions | 3 | 2 | ' | |
Non Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 45 | 44 | ' | |
Interest cost on projected benefit obligation | 1 | 2 | 2 | |
Actuarial (gains) losses | -3 | 3 | ' | |
Plan amendments | ' | -2 | ' | |
Benefits paid | -4 | -2 | ' | |
Obligation at measurement date | 39 | 45 | 44 | |
Accumulated benefit obligation at measurement date | 39 | 44 | ' | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -4 | -2 | ' | |
Employer contributions | 4 | 3 | ' | |
Non Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 4 | ' | ' | |
Actuarial (gains) losses | -1 | ' | ' | |
Obligation at measurement date | 3 | ' | 4 | |
Accumulated benefit obligation at measurement date | 3 | 4 | ' | |
Non Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at measurement date | 5 | 5 | 5 | |
Accumulated benefit obligation at measurement date | 5 | 5 | ' | |
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 1,794 | 667 | ' | |
Obligation assumed from acquisition | ' | 977 | ' | |
Service cost | 24 | 16 | 7 | |
Interest cost on projected benefit obligation | 68 | 56 | 35 | |
Plan participants' contributions | 47 | 41 | ' | |
Actuarial (gains) losses | -227 | 198 | ' | |
Plan amendments | -476 | -70 | ' | |
Special termination benefit cost | ' | 9 | ' | |
Benefits paid | -132 | -105 | ' | |
Accrued retiree drug subsidy | 8 | 5 | ' | |
Obligation at measurement date | 1,106 | 1,794 | 667 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 198 | 181 | ' | |
Actual return on plan assets | 18 | 23 | ' | |
Benefits paid | -132 | -105 | ' | |
Employer contributions | 83 | 58 | ' | |
Plan participants' contributions | 47 | 41 | ' | |
Plan assets at measurement date | 214 | 198 | 181 | |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 316 | 312 | ' | |
Service cost | 2 | 2 | 2 | |
Interest cost on projected benefit obligation | 13 | 15 | 16 | |
Plan participants' contributions | 15 | 18 | ' | |
Actuarial (gains) losses | -32 | 28 | ' | |
Transfers of benefit obligation | ' | 9 | ' | |
Plan amendments | -16 | -33 | ' | |
Special termination benefit cost | ' | 1 | ' | |
Benefits paid | -36 | -38 | ' | |
Accrued retiree drug subsidy | 3 | 2 | ' | |
Obligation at measurement date | 265 | 316 | 312 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 134 | 120 | ' | |
Actual return on plan assets | 13 | 12 | ' | |
Benefits paid | -36 | -38 | ' | |
Transfer of plan assets | -1 | 5 | ' | |
Employer contributions | 18 | 17 | ' | |
Plan participants' contributions | 15 | 18 | ' | |
Plan assets at measurement date | 143 | 134 | 120 | |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 1,128 | 841 | ' | |
Service cost | 18 | 17 | 11 | |
Interest cost on projected benefit obligation | 41 | 43 | 41 | |
Plan participants' contributions | 14 | 13 | ' | |
Actuarial (gains) losses | -156 | 291 | ' | |
Transfers of benefit obligation | -1 | ' | ' | |
Plan amendments | -455 | -25 | ' | |
Special termination benefit cost | ' | 5 | ' | |
Benefits paid | -60 | -61 | ' | |
Accrued retiree drug subsidy | 4 | 4 | ' | |
Obligation at measurement date | 533 | 1,128 | 841 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | ' | 37 | ' | |
Actual return on plan assets | ' | 2 | ' | |
Benefits paid | -60 | -61 | ' | |
Transfer of plan assets | 0 | -39 | [1] | ' |
Employer contributions | 46 | 48 | ' | |
Plan participants' contributions | 14 | 13 | ' | |
Plan assets at measurement date | ' | ' | 37 | |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 612 | 407 | ' | |
Service cost | 9 | 8 | 5 | |
Interest cost on projected benefit obligation | 22 | 23 | 20 | |
Plan participants' contributions | 6 | 5 | ' | |
Actuarial (gains) losses | -73 | 205 | ' | |
Transfers of benefit obligation | -8 | ' | ' | |
Plan amendments | -311 | -16 | ' | |
Special termination benefit cost | 0 | 2 | ' | |
Benefits paid | -26 | -24 | ' | |
Accrued retiree drug subsidy | 2 | 2 | ' | |
Obligation at measurement date | 233 | 612 | 407 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Benefits paid | -26 | -24 | ' | |
Employer contributions | 20 | 19 | ' | |
Plan participants' contributions | 6 | 5 | ' | |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 413 | 368 | ' | |
Service cost | 7 | 7 | 5 | |
Interest cost on projected benefit obligation | 16 | 18 | 18 | |
Plan participants' contributions | 7 | 7 | ' | |
Actuarial (gains) losses | -70 | 49 | ' | |
Plan amendments | -91 | -6 | ' | |
Special termination benefit cost | ' | 1 | ' | |
Benefits paid | -31 | -33 | ' | |
Accrued retiree drug subsidy | 2 | 2 | ' | |
Obligation at measurement date | 253 | 413 | 368 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | ' | 37 | ' | |
Actual return on plan assets | ' | 2 | ' | |
Benefits paid | -31 | -33 | ' | |
Transfer of plan assets | 0 | -39 | [1] | ' |
Employer contributions | 24 | 26 | ' | |
Plan participants' contributions | 7 | 7 | ' | |
Plan assets at measurement date | ' | ' | 37 | |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 48 | 61 | ' | |
Service cost | 1 | 1 | 1 | |
Interest cost on projected benefit obligation | 2 | 3 | 3 | |
Plan participants' contributions | 3 | 4 | ' | |
Actuarial (gains) losses | -6 | 3 | ' | |
Transfers of benefit obligation | ' | -16 | ' | |
Benefits paid | -6 | -8 | ' | |
Obligation at measurement date | 42 | 48 | 61 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 7 | 9 | ' | |
Actual return on plan assets | 2 | 1 | ' | |
Benefits paid | -6 | -8 | ' | |
Transfer of plan assets | 0 | -3 | ' | |
Employer contributions | 2 | 4 | ' | |
Plan participants' contributions | 3 | 4 | ' | |
Plan assets at measurement date | 8 | 7 | 9 | |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ' | |
Change in Projected Benefit Obligation [Rollforward] | ' | ' | ' | |
Obligation at prior measurement date | 136 | 135 | ' | |
Service cost | 1 | 1 | 1 | |
Interest cost on projected benefit obligation | 5 | 6 | 7 | |
Plan participants' contributions | 3 | 8 | ' | |
Actuarial (gains) losses | -12 | -2 | ' | |
Plan amendments | -3 | ' | ' | |
Benefits paid | -14 | -13 | ' | |
Accrued retiree drug subsidy | 2 | 1 | ' | |
Obligation at measurement date | 118 | 136 | 135 | |
Change in Fair Value of Plan Assets [Rollforward] | ' | ' | ' | |
Plan assets at prior measurement date | 17 | 14 | ' | |
Actual return on plan assets | 2 | 2 | ' | |
Benefits paid | -14 | -13 | ' | |
Employer contributions | 10 | 6 | ' | |
Plan participants' contributions | 3 | 8 | ' | |
Plan assets at measurement date | $18 | $17 | $14 | |
[1] | Progress Energy and Duke Energy Florida amounts reflect assets that did not meet the definition of plan assets. These assets are included in Other within Investments and Other Assets on the Consolidated Balance Sheets. |
Employee_Benefit_Plans_Amounts
Employee Benefit Plans (Amounts Recognized in Consolidated Balance Sheets) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | $1,322 | $2,520 | ||
Regulatory assets | 10,086 | 11,741 | ||
Regulatory liabilities | 6,265 | 5,740 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | -399 | -306 | ||
Duke Energy Carolinas [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 161 | 221 | ||
Regulatory assets | 1,822 | 1,948 | ||
Regulatory liabilities | 2,641 | 2,180 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | -15 | -16 | ||
Progress Energy [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 765 | 1,608 | ||
Regulatory assets | 4,508 | 5,548 | ||
Regulatory liabilities | 2,499 | 2,497 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | -59 | -67 | ||
Duke Energy Progress [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 321 | 715 | ||
Regulatory assets | 1,511 | 1,922 | ||
Regulatory liabilities | 1,736 | 1,548 | ||
Duke Energy Florida [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 286 | 610 | ||
Regulatory assets | 2,950 | 3,500 | ||
Regulatory liabilities | 762 | 805 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | -1 | 0 | ||
Duke Energy Ohio [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 58 | 157 | ||
Regulatory assets | 528 | 625 | ||
Regulatory liabilities | 289 | 293 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | 0 | -1 | ||
Duke Energy Indiana [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 163 | 186 | ||
Regulatory assets | 835 | 936 | ||
Regulatory liabilities | 798 | 752 | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | 3 | 5 | ||
Qualified Pension Plans [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 632 | [1] | 163 | [1] |
Noncurrent pension liability | ' | 439 | ||
Net amount recognized | 632 | -276 | ||
Regulatory assets | 1,599 | 2,387 | ||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ||
Deferred income tax asset | -41 | -59 | ||
Prior year service cost (credit) arising during the year | -5 | -4 | ||
Net actuarial loss (gain) | 121 | 166 | ||
Net amount recognized in accumulated other comprehensive (income) loss | 75 | [2] | 103 | [2] |
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 149 | ' | ||
Unrecognized prior service (credit) cost | -15 | ' | ||
Qualified Pension Plans [Member] | Brazilian Retirement Plan [Member] | ' | ' | ||
Excluded Accumulated Other Comprehensive Income [Abstract] | ' | ' | ||
Accumulated other comprehensive (loss) income, net of tax | 16 | 9 | ||
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 287 | [1] | 123 | [1] |
Net amount recognized | 287 | 123 | ||
Regulatory assets | 377 | 582 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 35 | ' | ||
Unrecognized prior service (credit) cost | -8 | ' | ||
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 230 | [1] | ' | |
Noncurrent pension liability | 25 | 221 | ||
Net amount recognized | 205 | -221 | ||
Regulatory assets | 826 | 1,079 | ||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ||
Deferred income tax asset | -9 | -9 | ||
Net actuarial loss (gain) | 21 | 26 | ||
Net amount recognized in accumulated other comprehensive (income) loss | 12 | 17 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 71 | ' | ||
Unrecognized prior service (credit) cost | -4 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 158 | [1] | 25 | [1] |
Net amount recognized | 158 | 25 | ||
Regulatory assets | 363 | 472 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 33 | ' | ||
Unrecognized prior service (credit) cost | -2 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 66 | [1] | ' | |
Noncurrent pension liability | ' | 159 | ||
Net amount recognized | 66 | -159 | ||
Regulatory assets | 395 | 541 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 32 | ' | ||
Unrecognized prior service (credit) cost | -1 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 2 | [1] | ' | |
Noncurrent pension liability | -4 | 81 | ||
Net amount recognized | 6 | -81 | ||
Regulatory assets | 48 | 144 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 4 | ' | ||
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Prefunded pension | 75 | [1] | ' | |
Noncurrent pension liability | 53 | 57 | ||
Net amount recognized | 22 | -57 | ||
Regulatory assets | 147 | 246 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 7 | ' | ||
Non-Qualified Pension Plans [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 30 | [3] | 30 | [3] |
Noncurrent pension liability | 274 | 305 | ||
Total accrued pension liability | 304 | 335 | ||
Regulatory assets | 45 | 59 | ||
Regulatory liabilities | 7 | 2 | ||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ||
Prior year service cost (credit) arising during the year | -1 | ' | ||
Net actuarial loss (gain) | 1 | -1 | ||
Net amount recognized in accumulated other comprehensive (income) loss | 0 | -1 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 5 | ' | ||
Unrecognized prior service (credit) cost | -1 | ' | ||
Non-Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 2 | [3] | 3 | [3] |
Noncurrent pension liability | 13 | 13 | ||
Total accrued pension liability | 15 | 16 | ||
Regulatory assets | 4 | 3 | ||
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 11 | [3] | 11 | [3] |
Noncurrent pension liability | 129 | 165 | ||
Total accrued pension liability | 140 | 176 | ||
Regulatory assets | 18 | 34 | ||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ||
Deferred income tax asset | -3 | -4 | ||
Net actuarial loss (gain) | 7 | 12 | ||
Net amount recognized in accumulated other comprehensive (income) loss | 4 | 8 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 2 | ' | ||
Unrecognized prior service (credit) cost | -1 | ' | ||
Non-Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 2 | [3] | 2 | [3] |
Noncurrent pension liability | 32 | 36 | ||
Total accrued pension liability | 34 | 38 | ||
Regulatory assets | 3 | 7 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 1 | ' | ||
Unrecognized prior service (credit) cost | -1 | ' | ||
Non-Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 3 | [3] | 3 | [3] |
Noncurrent pension liability | 36 | 42 | ||
Total accrued pension liability | 39 | 45 | ||
Regulatory assets | 6 | 9 | ||
Non-Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 3 | 4 | ||
Total accrued pension liability | 3 | 4 | ||
Non-Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 5 | 5 | ||
Total accrued pension liability | 5 | 5 | ||
Regulatory assets | ' | 2 | ||
Other Post-Retirement Benefit Plans [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 39 | [3] | 50 | [3] |
Noncurrent pension liability | 853 | 1,546 | ||
Total accrued pension liability | 892 | 1,596 | ||
Regulatory assets | -162 | 521 | ||
Regulatory liabilities | 131 | 101 | ||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ||
Deferred income tax liability | 4 | 2 | ||
Prior year service cost (credit) arising during the year | -5 | -3 | ||
Net actuarial loss (gain) | -6 | -2 | ||
Net amount recognized in accumulated other comprehensive (income) loss | -7 | -3 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 38 | ' | ||
Unrecognized prior service (credit) cost | -125 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 122 | 182 | ||
Total accrued pension liability | 122 | 182 | ||
Regulatory assets | -34 | 17 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 3 | ' | ||
Unrecognized prior service (credit) cost | -10 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 36 | [3] | 47 | [3] |
Noncurrent pension liability | 497 | 1,081 | ||
Total accrued pension liability | 533 | 1,128 | ||
Regulatory assets | -129 | 505 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 46 | ' | ||
Unrecognized prior service (credit) cost | -112 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 17 | [3] | 23 | [3] |
Noncurrent pension liability | 216 | 589 | ||
Total accrued pension liability | 233 | 612 | ||
Regulatory assets | -97 | 291 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 30 | ' | ||
Unrecognized prior service (credit) cost | -73 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 16 | [3] | 20 | [3] |
Noncurrent pension liability | 237 | 393 | ||
Total accrued pension liability | 253 | 413 | ||
Regulatory assets | 4 | 170 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | 10 | ' | ||
Unrecognized prior service (credit) cost | -21 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Current pension liability | 2 | [3] | 2 | [3] |
Noncurrent pension liability | 32 | 39 | ||
Total accrued pension liability | 34 | 41 | ||
Regulatory liabilities | 21 | 18 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | -2 | ' | ||
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' | ' | ||
Amounts Recognized in Consolidated Balance Sheets [Abstract] | ' | ' | ||
Noncurrent pension liability | 100 | 119 | ||
Total accrued pension liability | 100 | 119 | ||
Regulatory assets | 71 | 77 | ||
Regulatory liabilities | 77 | 68 | ||
Amounts to be recognized in net periodic pension expense in the next year [Abstract] | ' | ' | ||
Unrecognized net actuarial loss | ($6) | ' | ||
[1] | Included in Other within Investments and Other Assets on the Consolidated Balance Sheets. | |||
[2] | Excludes accumulated other comprehensive income of $16 million and $9 million as of 2013 and 2012, respectively, net of tax, associated with a Brazilian retirement plan. | |||
[3] | Included in Other within Current Liabilities on the Consolidated Balance Sheets. |
Employee_Benefit_Plans_Informa
Employee Benefit Plans (Information For Plans with Accumulated Benefit Obligation in Excess of Plan Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Qualified Pension Plans [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | ' | $5,396 |
Accumulated benefit obligation | ' | 5,201 |
Fair value of plan assets | ' | 4,957 |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | ' | 2,868 |
Accumulated benefit obligation | ' | 2,820 |
Fair value of plan assets | ' | 2,647 |
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | ' | 1,309 |
Accumulated benefit obligation | ' | 1,261 |
Fair value of plan assets | ' | 1,150 |
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | ' | 527 |
Accumulated benefit obligation | ' | 501 |
Fair value of plan assets | ' | 446 |
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | ' | 684 |
Accumulated benefit obligation | ' | 653 |
Fair value of plan assets | ' | 627 |
Non-Qualified Pension Plans [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 304 | 335 |
Accumulated benefit obligation | 302 | 332 |
Non-Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 15 | 16 |
Accumulated benefit obligation | 15 | 16 |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 140 | 176 |
Accumulated benefit obligation | 140 | 175 |
Non-Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 34 | 38 |
Accumulated benefit obligation | 34 | 36 |
Non-Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 39 | 45 |
Accumulated benefit obligation | 39 | 44 |
Non-Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 3 | 4 |
Accumulated benefit obligation | 3 | 4 |
Non-Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' | ' |
Information For Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Abstract] | ' | ' |
Projected benefit obligation | 5 | 5 |
Accumulated benefit obligation | $5 | $5 |
Employee_Benefit_Plans_Assumpt
Employee Benefit Plans (Assumptions Used For Pension Benefits Accounting) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Qualified Pension Plans [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 5.10% |
Salary increase (graded by age) | 4.40% | 4.30% | 4.40% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.00% |
Salary increase | 4.30% | 4.40% | 4.10% |
Expected long-term rate of return on plan assets | 7.75% | 8.00% | 8.25% |
Qualified Pension Plans [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Qualified Pension Plans [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 5.10% | ' |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 4.75% |
Salary increase (graded by age) | 4.00% | 4.00% | 4.00% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.55% |
Salary increase | 4.00% | 4.00% | 4.50% |
Expected long-term rate of return on plan assets | 7.75% | ' | 8.50% |
Qualified Pension Plans [Member] | Progress Energy [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Expected long-term rate of return on plan assets | ' | 8.00% | ' |
Qualified Pension Plans [Member] | Progress Energy [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.75% | ' |
Expected long-term rate of return on plan assets | ' | 8.25% | ' |
Non-Qualified Pension Plans [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 5.10% |
Salary increase (graded by age) | 4.40% | 4.30% | 4.40% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.00% |
Salary increase | 4.30% | 4.40% | 4.10% |
Non-Qualified Pension Plans [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Non-Qualified Pension Plans [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 5.10% | ' |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 4.80% |
Salary increase (graded by age) | ' | ' | 5.25% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.60% |
Salary increase | ' | ' | 5.25% |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.80% | ' |
Other Post-Retirement Benefit Plans [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 5.10% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.00% |
Expected long-term rate of return on plan assets | 7.75% | ' | ' |
Assumed tax rate | 35.00% | 35.00% | 35.00% |
Other Post-Retirement Benefit Plans [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Expected long-term rate of return on plan assets | ' | 5.20% | 5.36% |
Other Post-Retirement Benefit Plans [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 5.10% | ' |
Expected long-term rate of return on plan assets | ' | 8.00% | 8.25% |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' | ' | ' |
Benefit Obligations [Abstract] | ' | ' | ' |
Discount rate | 4.70% | 4.10% | 4.85% |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.10% | ' | 5.70% |
Expected long-term rate of return on plan assets | ' | ' | 5.00% |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | Minimum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.60% | ' |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | Maximum [Member] | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | ' | 4.85% | ' |
Expected long-term rate of return on plan assets | ' | 5.00% | ' |
Employee_Benefit_Plans_Assumed
Employee Benefit Plans (Assumed Health Care Cost Trend Rates) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Health care cost trend rate assumed for next year | 8.50% | 8.50% |
Rate to which the cost trend is assumed to decline (the ultimate trend rate) | 5.00% | 5.00% |
Year that the rate reaches the ultimate trend rate | '2021 | '2020 |
Employee_Benefit_Plans_Sensiti
Employee Benefit Plans (Sensitivity to Changes in Assumed Health Care Cost Trend Rates) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | $11 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -9 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 42 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -36 |
Duke Energy Carolinas [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 2 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -1 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 10 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -9 |
Progress Energy [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 7 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -6 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 20 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -16 |
Duke Energy Progress [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 4 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -3 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 9 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -7 |
Duke Energy Florida [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 3 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -2 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 10 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -8 |
Duke Energy Ohio [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 1 |
Effect on total service and interest costs - 1 Percentage Point Decrease | 0 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 2 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | -1 |
Duke Energy Indiana [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Effect on total service and interest costs - 1 Percentage Point Increase | 1 |
Effect on total service and interest costs - 1 Percentage Point Decrease | -1 |
Effect on post-retirement benefit obligation - 1 Percentage Point Increase | 4 |
Effect on post-retirement benefit obligation - 1 Percentage Point Decrease | ($4) |
Employee_Benefit_Plans_Expecte
Employee Benefit Plans (Expected Benefit Payments) (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Qualified Pension Plans [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | $667 |
2015 | 643 |
2016 | 640 |
2017 | 633 |
2018 | 623 |
2019-2023 | 2,933 |
Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 224 |
2015 | 218 |
2016 | 212 |
2017 | 205 |
2018 | 196 |
2019-2023 | 807 |
Qualified Pension Plans [Member] | Progress Energy [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 190 |
2015 | 185 |
2016 | 190 |
2017 | 191 |
2018 | 194 |
2019-2023 | 969 |
Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 98 |
2015 | 92 |
2016 | 93 |
2017 | 91 |
2018 | 91 |
2019-2023 | 422 |
Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 68 |
2015 | 71 |
2016 | 74 |
2017 | 77 |
2018 | 80 |
2019-2023 | 430 |
Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 36 |
2015 | 35 |
2016 | 34 |
2017 | 34 |
2018 | 34 |
2019-2023 | 171 |
Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 47 |
2015 | 45 |
2016 | 46 |
2017 | 44 |
2018 | 46 |
2019-2023 | 227 |
Non-Qualified Pension Plans [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 31 |
2015 | 28 |
2016 | 26 |
2017 | 27 |
2018 | 24 |
2019-2023 | 112 |
Non-Qualified Pension Plans [Member] | Duke Energy Carolinas [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 3 |
2015 | 2 |
2016 | 2 |
2017 | 2 |
2018 | 2 |
2019-2023 | 6 |
Non-Qualified Pension Plans [Member] | Progress Energy [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 11 |
2015 | 11 |
2016 | 11 |
2017 | 11 |
2018 | 11 |
2019-2023 | 52 |
Non-Qualified Pension Plans [Member] | Duke Energy Progress [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 2 |
2015 | 2 |
2016 | 2 |
2017 | 2 |
2018 | 2 |
2019-2023 | 13 |
Non-Qualified Pension Plans [Member] | Duke Energy Florida [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 3 |
2015 | 3 |
2016 | 3 |
2017 | 3 |
2018 | 3 |
2019-2023 | 15 |
Non-Qualified Pension Plans [Member] | Duke Energy Ohio [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2019-2023 | 1 |
Non-Qualified Pension Plans [Member] | Duke Energy Indiana [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2019-2023 | 2 |
Other Post-Retirement Benefit Plans [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 85 |
2015 | 88 |
2016 | 89 |
2017 | 89 |
2018 | 89 |
2019-2023 | 413 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Carolinas [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 21 |
2015 | 22 |
2016 | 23 |
2017 | 23 |
2018 | 24 |
2019-2023 | 109 |
Other Post-Retirement Benefit Plans [Member] | Progress Energy [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 36 |
2015 | 38 |
2016 | 38 |
2017 | 38 |
2018 | 38 |
2019-2023 | 180 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Progress [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 17 |
2015 | 17 |
2016 | 18 |
2017 | 18 |
2018 | 18 |
2019-2023 | 81 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Florida [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 17 |
2015 | 17 |
2016 | 17 |
2017 | 17 |
2018 | 17 |
2019-2023 | 84 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Ohio [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 4 |
2015 | 4 |
2016 | 4 |
2017 | 3 |
2018 | 3 |
2019-2023 | 17 |
Other Post-Retirement Benefit Plans [Member] | Duke Energy Indiana [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
2014 | 11 |
2015 | 12 |
2016 | 12 |
2017 | 11 |
2018 | 11 |
2019-2023 | $47 |
Employee_Benefit_Plans_Target_
Employee Benefit Plans (Target and Actual Asset Allocations) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Master Trust [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 100.00% | 100.00% |
Target allocation | 100.00% | ' |
Master Trust [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 100.00% |
Master Trust [Member] | US Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 10.00% | 28.00% |
Target allocation | 10.00% | ' |
Master Trust [Member] | US Equity Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 20.00% |
Master Trust [Member] | Non US Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 8.00% | 15.00% |
Target allocation | 8.00% | ' |
Master Trust [Member] | Non US Equity Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 14.00% |
Master Trust [Member] | Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 10.00% | 10.00% |
Target allocation | 10.00% | ' |
Master Trust [Member] | Equity Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 8.00% |
Master Trust [Member] | Debt Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 63.00% | 32.00% |
Target allocation | 63.00% | ' |
Master Trust [Member] | Debt Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 35.00% |
Master Trust [Member] | Global Private Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 3.00% | 3.00% |
Target allocation | 3.00% | ' |
Master Trust [Member] | Global Private Equity Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 10.00% |
Master Trust [Member] | Hedge Funds [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 3.00% | 4.00% |
Target allocation | 2.00% | ' |
Master Trust [Member] | Hedge Funds [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 9.00% |
Master Trust [Member] | Real Estate [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 1.00% | 4.00% |
Target allocation | 2.00% | ' |
Master Trust [Member] | Real Estate [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 1.00% |
Master Trust [Member] | Other Global Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 2.00% | 4.00% |
Target allocation | 2.00% | ' |
Master Trust [Member] | Other Global Securities [Member] | Progress Energy [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | ' | 3.00% |
Veba I [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 100.00% | 100.00% |
Target allocation | 100.00% | ' |
Veba I [Member] | US Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 29.00% | 23.00% |
Target allocation | 30.00% | ' |
Veba I [Member] | Cash and Cash Equivalents [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 42.00% | 45.00% |
Target allocation | 25.00% | ' |
Veba I [Member] | Debt Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Actual asset allocation | 29.00% | 32.00% |
Target allocation | 45.00% | ' |
Employee_Benefit_Plans_Fair_Va
Employee Benefit Plans (Fair Value Measurements of Plan Assets - Master Retirement Trust) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | $8,261 | [1] | $5,230 | [2] |
Master Trust [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 2,120 | [1] | 1,421 | [2] |
Master Trust [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 5,595 | [1] | 3,457 | [2] |
Master Trust [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 546 | [1] | 352 | [2] |
Master Trust [Member] | Equity Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 2,877 | 2,993 | ||
Master Trust [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 1,801 | 1,415 | ||
Master Trust [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 1,022 | 1,575 | ||
Master Trust [Member] | Equity Securities [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 54 | 3 | ||
Master Trust [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 2,604 | 1,391 | ||
Master Trust [Member] | Corporate Debt Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 2,601 | 1,388 | ||
Master Trust [Member] | Corporate Debt Securities [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 3 | 3 | ||
Master Trust [Member] | Short Term Investments [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 1,158 | 100 | ||
Master Trust [Member] | Short Term Investments [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 254 | 23 | ||
Master Trust [Member] | Short Term Investments [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 904 | 77 | ||
Master Trust [Member] | Partnership Interest [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 307 | 141 | ||
Master Trust [Member] | Partnership Interest [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 307 | 141 | ||
Master Trust [Member] | Hedge Funds [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 164 | 97 | ||
Master Trust [Member] | Hedge Funds [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 111 | 97 | ||
Master Trust [Member] | Hedge Funds [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 53 | ' | ||
Master Trust [Member] | Real Estate [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 95 | 167 | ||
Master Trust [Member] | Real Estate [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 95 | 167 | ||
Master Trust [Member] | US Treasury and Government [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 927 | 237 | ||
Master Trust [Member] | US Treasury and Government [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 927 | 237 | ||
Master Trust [Member] | Guaranteed Investment Contracts [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 33 | 37 | ||
Master Trust [Member] | Guaranteed Investment Contracts [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 33 | 37 | ||
Master Trust [Member] | Government Bonds - Foreign [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 19 | 65 | ||
Master Trust [Member] | Government Bonds - Foreign [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 18 | 64 | ||
Master Trust [Member] | Government Bonds - Foreign [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 1 | 1 | ||
Master Trust [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 58 | 4 | ||
Master Trust [Member] | Cash and Cash Equivalents [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 58 | 4 | ||
Master Trust [Member] | Asset Backed Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 7 | 14 | ||
Master Trust [Member] | Asset Backed Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 7 | 14 | ||
Master Trust [Member] | Miscellaneous Investments And Other [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 12 | -16 | ||
Master Trust [Member] | Miscellaneous Investments And Other [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 7 | -21 | ||
Master Trust [Member] | Miscellaneous Investments And Other [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 5 | 5 | ||
VEBA I [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 51 | 50 | ||
VEBA I [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 51 | 50 | ||
VEBA I [Member] | Equity Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 15 | 12 | ||
VEBA I [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 15 | 12 | ||
VEBA I [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 21 | 22 | ||
VEBA I [Member] | Cash and Cash Equivalents [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 21 | 22 | ||
VEBA I [Member] | Debt Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 15 | 16 | ||
VEBA I [Member] | Debt Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | 15 | 16 | ||
Duke Energy Carolinas [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Allocated assets | 28.00% | 43.00% | ||
Progress Energy [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 2,690 | [3] | |
Allocated assets | 35.00% | ' | ||
Progress Energy [Member] | Master Trust [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 879 | [3] | |
Progress Energy [Member] | Master Trust [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 1,523 | [3] | |
Progress Energy [Member] | Master Trust [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 288 | [3] | |
Progress Energy [Member] | Master Trust [Member] | Equity Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 1,094 | ||
Progress Energy [Member] | Master Trust [Member] | Equity Securities [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 361 | ||
Progress Energy [Member] | Master Trust [Member] | Equity Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 733 | ||
Progress Energy [Member] | Master Trust [Member] | Corporate Debt Securities [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 432 | ||
Progress Energy [Member] | Master Trust [Member] | Corporate Debt Securities [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 432 | ||
Progress Energy [Member] | Master Trust [Member] | Partnership Interest [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 154 | ||
Progress Energy [Member] | Master Trust [Member] | Partnership Interest [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 154 | ||
Progress Energy [Member] | Master Trust [Member] | Hedge Funds [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 313 | ||
Progress Energy [Member] | Master Trust [Member] | Hedge Funds [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 189 | ||
Progress Energy [Member] | Master Trust [Member] | Hedge Funds [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 124 | ||
Progress Energy [Member] | Master Trust [Member] | US Treasury and Government [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 515 | ||
Progress Energy [Member] | Master Trust [Member] | US Treasury and Government [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 405 | ||
Progress Energy [Member] | Master Trust [Member] | US Treasury and Government [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 110 | ||
Progress Energy [Member] | Master Trust [Member] | Government Bonds - Foreign [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 6 | ||
Progress Energy [Member] | Master Trust [Member] | Government Bonds - Foreign [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 6 | ||
Progress Energy [Member] | Master Trust [Member] | Cash and Cash Equivalents [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 160 | ||
Progress Energy [Member] | Master Trust [Member] | Cash and Cash Equivalents [Member] | Level 1 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 113 | ||
Progress Energy [Member] | Master Trust [Member] | Cash and Cash Equivalents [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 47 | ||
Progress Energy [Member] | Master Trust [Member] | Miscellaneous Investments And Other [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 16 | ||
Progress Energy [Member] | Master Trust [Member] | Miscellaneous Investments And Other [Member] | Level 2 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | 6 | ||
Progress Energy [Member] | Master Trust [Member] | Miscellaneous Investments And Other [Member] | Level 3 [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Total assets | ' | $10 | ||
Duke Energy Progress [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Allocated assets | 16.00% | 48.00% | ||
Duke Energy Florida [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Allocated assets | 16.00% | 44.00% | ||
Duke Energy Ohio [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Allocated assets | 5.00% | 9.00% | ||
Duke Energy Indiana [Member] | Master Trust [Member] | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ||
Allocated assets | 8.00% | 12.00% | ||
[1] | Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 28 percent, 35 percent, 16 percent, 16 percent, 5 percent and 8 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2013. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to the Subsidiary Registrants using these percentages. | |||
[2] | Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana were allocated approximately 43 percent, 9 percent and 12 percent, respectively, of the Duke Energy Master Retirement Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana using these percentages. | |||
[3] | Duke Energy Progress and Duke Energy Florida were allocated approximately 48 percent and 44 percent, respectively, of the Progress Energy Master Trust assets at December 31, 2012. Accordingly, all Level 1, 2 and 3 amounts included in the table above are allocable to Duke Energy Progress and Duke Energy Florida using these percentages. |
Employee_Benefit_Plans_Reconci
Employee Benefit Plans (Reconciliation of Assets Measured at Fair Value on a Recurring Basis) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | $13 | $85 | $146 |
Purchases | 30 | 36 | 16 |
Sales | -6 | -2 | -3 |
Transfers in and/or out of level 3 | 86 | ' | ' |
Total pretax gains (losses) included in earnings | 42 | -8 | 14 |
Ending balance | 111 | 13 | 85 |
Master Trust [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | 352 | 322 | ' |
Combination of trust assets | 288 | ' | ' |
Purchases | 25 | 21 | ' |
Sales | -152 | -4 | ' |
Total pretax gains (losses) included in earnings | 33 | 13 | ' |
Ending balance | 546 | 352 | ' |
Progress Energy [Member] | Master Trust [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning balance | 288 | 311 | ' |
Combination of trust assets | -288 | ' | ' |
Purchases | 0 | 13 | ' |
Sales | 0 | -14 | ' |
Transfers in and/or out of level 3 | 0 | -41 | ' |
Total pretax gains (losses) included in earnings | 0 | 19 | ' |
Ending balance | $0 | $288 | ' |
Employee_Benefit_Plans_Employe
Employee Benefit Plans (Employee Savings Plans)(Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | $134 | $107 | $86 |
Duke Energy Carolinas [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | 45 | 37 | 37 |
Progress Energy [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | 45 | 45 | 44 |
Duke Energy Progress [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | 25 | 24 | 23 |
Duke Energy Florida [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | 14 | 15 | 14 |
Duke Energy Ohio [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | 3 | 4 | 4 |
Duke Energy Indiana [Member] | ' | ' | ' |
Employee Savings Plans [Abstract] | ' | ' | ' |
Pretax employer matching contributions | $7 | $6 | $8 |
Income_Taxes_Components_of_Inc
Income Taxes (Components of Income Tax Expense) (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | ($123) | ($46) | ($37) | |||
Current state taxes | -37 | 35 | 21 | |||
Current foreign taxes | 151 | 133 | 164 | |||
Total current income taxes | -9 | 122 | 148 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 1,129 | 513 | 526 | |||
Deferred state taxes | 142 | 64 | 56 | |||
Deferred foreign taxes | 14 | 20 | 32 | |||
Total deferred income taxes | 1,285 | [1] | 597 | [2] | 614 | [3] |
Investment tax credit amortization | -15 | -14 | -10 | |||
Income tax expense (benefit) from continuing operations | 1,261 | 705 | 752 | |||
Tax expense from discontinued operations | -27 | 24 | 0 | |||
Total income tax expense included in Consolidated Statements of Operations | 1,234 | 729 | 752 | |||
Net operating loss carry forward | 837 | 1,127 | 274 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Domestic | 3,320 | 1,827 | 1,780 | |||
Foreign | 600 | 624 | 685 | |||
Total income (loss) from continuing operations before income taxes | 3,920 | 2,451 | 2,465 | |||
Duke Energy Carolinas [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | 49 | -1 | -122 | |||
Current state taxes | 11 | -25 | 30 | |||
Total current income taxes | 60 | -26 | -92 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 464 | 408 | 531 | |||
Deferred state taxes | 75 | 77 | 40 | |||
Total deferred income taxes | 539 | 485 | [2] | 571 | [3] | |
Investment tax credit amortization | -5 | -6 | -7 | |||
Income tax expense (benefit) from continuing operations | 594 | 453 | 472 | |||
Total income tax expense included in Consolidated Statements of Operations | 594 | 453 | 472 | |||
Net operating loss carry forward | 0 | 245 | 79 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | 1,570 | 1,318 | 1,306 | |||
Progress Energy [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | -221 | -88 | -91 | |||
Current state taxes | -37 | 2 | 29 | |||
Total current income taxes | -258 | -86 | -62 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 555 | 226 | 365 | |||
Deferred state taxes | 84 | 40 | 27 | |||
Total deferred income taxes | 639 | [1] | 266 | [2] | 392 | [3] |
Investment tax credit amortization | -8 | -8 | -7 | |||
Income tax expense (benefit) from continuing operations | 373 | 172 | 323 | |||
Tax expense from discontinued operations | -26 | 29 | -3 | |||
Total income tax expense included in Consolidated Statements of Operations | 347 | 201 | 320 | |||
Net operating loss carry forward | 458 | 357 | 213 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | 1,032 | 527 | 910 | |||
Duke Energy Progress [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | -70 | -48 | -27 | |||
Current state taxes | -10 | -6 | 21 | |||
Total current income taxes | -80 | -54 | -6 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 316 | 162 | 262 | |||
Deferred state taxes | 59 | 9 | 6 | |||
Total deferred income taxes | 375 | [1] | 171 | [2] | 268 | [3] |
Investment tax credit amortization | -7 | -7 | -6 | |||
Income tax expense (benefit) from continuing operations | 288 | 110 | 256 | |||
Total income tax expense included in Consolidated Statements of Operations | 288 | 110 | 256 | |||
Net operating loss carry forward | 64 | 257 | 54 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | 788 | 382 | 772 | |||
Duke Energy Florida [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | -143 | 6 | -60 | |||
Current state taxes | -13 | 0 | 5 | |||
Total current income taxes | -156 | 6 | -55 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 326 | 121 | 214 | |||
Deferred state taxes | 44 | 21 | 22 | |||
Total deferred income taxes | 370 | [1] | 142 | [2] | 236 | [3] |
Investment tax credit amortization | -1 | -1 | -1 | |||
Income tax expense (benefit) from continuing operations | 213 | 147 | 180 | |||
Total income tax expense included in Consolidated Statements of Operations | 213 | 147 | 180 | |||
Net operating loss carry forward | 301 | 25 | 41 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | 538 | 413 | 494 | |||
Duke Energy Ohio [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | -21 | 26 | -95 | |||
Current state taxes | -2 | 11 | 1 | |||
Total current income taxes | -23 | 37 | -94 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 93 | 72 | 194 | |||
Deferred state taxes | 5 | -9 | -2 | |||
Total deferred income taxes | 98 | [1] | 63 | [2] | 192 | [3] |
Investment tax credit amortization | 0 | -2 | -2 | |||
Income tax expense (benefit) from continuing operations | 75 | 98 | 96 | |||
Total income tax expense included in Consolidated Statements of Operations | 75 | 98 | 96 | |||
Net operating loss carry forward | 29 | 99 | 47 | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | 177 | 273 | 290 | |||
Duke Energy Indiana [Member] | ' | ' | ' | |||
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Current federal taxes | -88 | -27 | 95 | |||
Current state taxes | 7 | 27 | 42 | |||
Total current income taxes | -81 | 0 | 137 | |||
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | |||
Deferred federal taxes | 276 | -47 | -38 | |||
Deferred state taxes | 29 | -25 | -23 | |||
Total deferred income taxes | 305 | [1] | -72 | [2] | -61 | |
Investment tax credit amortization | -1 | -1 | -2 | |||
Income tax expense (benefit) from continuing operations | 223 | -73 | 74 | |||
Total income tax expense included in Consolidated Statements of Operations | 223 | -73 | 74 | |||
Net operating loss carry forward | 179 | 205 | ' | |||
Duke Energy Income from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' | |||
Total income (loss) from continuing operations before income taxes | $581 | ($123) | $242 | |||
[1] | Includes benefits of net operating loss (NOL) carryforwards of $837 million at Duke Energy, $458 million at Progress Energy, $64 million at Duke Energy Progress, $301 million at Duke Energy Florida, $29 million at Duke Energy Ohio and $179 million at Duke Energy Indiana. | |||||
[2] | Includes benefits of NOL carryforwards of $1,127 million at Duke Energy, $245 million at Duke Energy Carolinas, $357 million at Progress Energy, $257 million at Duke Energy Progress, $25 million at Duke Energy Florida, $99 million at Duke Energy Ohio and $205 million at Duke Energy Indiana. | |||||
[3] | Includes benefits of NOL carryforwards of $274 million at Duke Energy, $79 million at Duke Energy Carolinas, $213 million at Progress Energy, $54 million at Duke Energy Progress, $41 million at Duke Energy Florida and $47 million at Duke Energy Ohio. |
Income_Taxes_Effective_Tax_Rat
Income Taxes (Effective Tax Rates) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | $1,372 | $858 | $863 |
State income tax, net of federal income tax effect | 67 | 64 | 50 |
Tax differential on foreign earnings | -45 | -66 | -44 |
AFUDC equity income | -55 | -101 | -91 |
Renewable energy production tax credits | -59 | -25 | -21 |
Other items, net | -19 | -25 | -5 |
Income Tax Expense or Benefit from Continuing Operations | 1,261 | 705 | 752 |
Effective tax rate | 32.20% | 28.80% | 30.50% |
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 | ' | ' |
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] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 549 | 461 | 457 |
State income tax, net of federal income tax effect | 56 | 34 | 46 |
AFUDC equity income | -32 | -54 | -59 |
Other items, net | 21 | 12 | 28 |
Income Tax Expense or Benefit from Continuing Operations | 594 | 453 | 472 |
Effective tax rate | 37.80% | 34.30% | 36.10% |
Duke Energy Carolinas [Member] | 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% | ' | ' |
Duke Energy Carolinas [Member] | 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% | ' | ' |
Duke Energy Carolinas [Member] | 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% | ' | ' |
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] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 361 | 185 | 319 |
State income tax, net of federal income tax effect | 31 | 33 | 39 |
AFUDC equity income | -18 | -37 | -36 |
Other items, net | -1 | -9 | 1 |
Income Tax Expense or Benefit from Continuing Operations | 373 | 172 | 323 |
Effective tax rate | 36.20% | 32.70% | 35.60% |
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] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 276 | 134 | 270 |
State income tax, net of federal income tax effect | 31 | 1 | 18 |
AFUDC equity income | -15 | -24 | -25 |
Other items, net | -4 | -1 | -7 |
Income Tax Expense or Benefit from Continuing Operations | 288 | 110 | 256 |
Effective tax rate | 36.50% | 28.70% | 33.20% |
Duke Energy Progress [Member] | 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% | ' | ' |
Duke Energy Progress [Member] | 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% | ' | ' |
Duke Energy Progress [Member] | 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 Florida [Member] | ' | ' | ' |
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 188 | 145 | 173 |
State income tax, net of federal income tax effect | 20 | 14 | 17 |
AFUDC equity income | -3 | -13 | -11 |
Other items, net | 8 | 1 | 1 |
Income Tax Expense or Benefit from Continuing Operations | 213 | 147 | 180 |
Effective tax rate | 39.60% | 35.70% | 36.30% |
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] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 62 | 96 | 102 |
State income tax, net of federal income tax effect | 2 | 1 | -1 |
AFUDC equity income | 0 | -2 | -2 |
Other items, net | 11 | 3 | -3 |
Income Tax Expense or Benefit from Continuing Operations | 75 | 98 | 96 |
Effective tax rate | 42.20% | 36.00% | 33.10% |
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] | ' | ' | ' |
Income tax expense, computed at the statutory rate of 35% | 203 | -43 | 85 |
State income tax, net of federal income tax effect | 23 | 1 | 13 |
AFUDC equity income | -5 | -26 | -31 |
Other items, net | 2 | -5 | 7 |
Income Tax Expense or Benefit from Continuing Operations | $223 | ($73) | $74 |
Effective tax rate | 38.40% | 59.50% | 30.60% |
Income_Taxes_Deferred_Income_T
Income Taxes (Deferred Income Taxes) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | ||||
Minimum [Member] | Maximum [Member] | Investment Tax Credits [Member] | Investment Tax Credits [Member] | Investment Tax Credits [Member] | Alternative Minimum Tax Credit [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [Member] | NOL Carryforwards [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] | |||||||
Minimum [Member] | Maximum [Member] | Federal [Member] | State [Member] | Foreign [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |||||||||||||||||||||||
Federal [Member] | State [Member] | Foreign [Member] | Federal [Member] | State [Member] | Foreign [Member] | ||||||||||||||||||||||||||||
Deferred Tax Assets, Gross [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Deferred credits and other liabilities | $245,000,000 | $256,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $56,000,000 | $64,000,000 | $136,000,000 | $110,000,000 | $9,000,000 | $24,000,000 | $96,000,000 | $76,000,000 | ($13,000,000) | ($10,000,000) | $9,000,000 | $22,000,000 | ||||
Capital lease obligations | 59,000,000 | 60,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,000,000 | 13,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | -2,000,000 | -1,000,000 | ||||
Pension, postretirement and other employee benefits | 649,000,000 | 1,320,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,000,000 | 117,000,000 | 341,000,000 | 712,000,000 | 119,000,000 | 318,000,000 | 145,000,000 | 257,000,000 | 23,000,000 | 62,000,000 | 54,000,000 | 94,000,000 | ||||
Progress Energy merger purchase accounting adjustments | 1,184,000,000 | [1] | 1,312,000,000 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Tax credits and NOL carryforwards | 4,307,000,000 | 3,311,000,000 | ' | ' | 498,000,000 | ' | ' | 1,028,000,000 | 2,471,000,000 | 189,000,000 | [2] | 121,000,000 | [3] | ' | ' | ' | ' | ' | ' | 488,000,000 | 447,000,000 | 1,965,000,000 | 1,536,000,000 | 396,000,000 | 309,000,000 | 365,000,000 | 91,000,000 | 165,000,000 | 152,000,000 | 521,000,000 | 340,000,000 | ||
Other | 265,000,000 | 408,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | 22,000,000 | 116,000,000 | 230,000,000 | 39,000,000 | 82,000,000 | 43,000,000 | 126,000,000 | 20,000,000 | 10,000,000 | 14,000,000 | 27,000,000 | ||||
Valuation allowance | -192,000,000 | -226,000,000 | ' | ' | ' | ' | ' | ' | ' | 83,000,000 | 109,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | -40,000,000 | -77,000,000 | -1,000,000 | ' | ' | ' | 0 | -1,000,000 | ' | ' | ||||
Total deferred income tax assets | 6,517,000,000 | 6,441,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 588,000,000 | 663,000,000 | 2,518,000,000 | 2,511,000,000 | 562,000,000 | 733,000,000 | 649,000,000 | 550,000,000 | 195,000,000 | 213,000,000 | 596,000,000 | 482,000,000 | ||||
Deferred Tax Liabilities, Gross [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Investments and other assets | -1,396,000,000 | -1,093,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -999,000,000 | -838,000,000 | -209,000,000 | -112,000,000 | -160,000,000 | -108,000,000 | -49,000,000 | -6,000,000 | -17,000,000 | -25,000,000 | -7,000,000 | -18,000,000 | ||||
Accelerated depreciation rates | -12,615,000,000 | -11,208,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,400,000,000 | -4,289,000,000 | -3,663,000,000 | -2,803,000,000 | -2,528,000,000 | -2,178,000,000 | -1,160,000,000 | -592,000,000 | -1,937,000,000 | -1,823,000,000 | -1,591,000,000 | -1,131,000,000 | ||||
Regulatory assets and deferred debits | -3,185,000,000 | -3,819,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -609,000,000 | -627,000,000 | -1,389,000,000 | -1,775,000,000 | -202,000,000 | -465,000,000 | -1,159,000,000 | -1,318,000,000 | -168,000,000 | -197,000,000 | -117,000,000 | -185,000,000 | ||||
Total deferred income tax liabilities | -17,196,000,000 | -16,120,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,008,000,000 | -5,754,000,000 | -5,261,000,000 | -4,690,000,000 | -2,890,000,000 | -2,751,000,000 | -2,368,000,000 | -1,916,000,000 | -2,122,000,000 | -2,045,000,000 | -1,715,000,000 | -1,334,000,000 | ||||
Net deferred income tax liabilities | -10,679,000,000 | -9,679,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,420,000,000 | -5,091,000,000 | -2,743,000,000 | -2,179,000,000 | -2,328,000,000 | -2,018,000,000 | -1,719,000,000 | -1,366,000,000 | -1,927,000,000 | -1,832,000,000 | -1,119,000,000 | -852,000,000 | ||||
Components and Expiration Dates of Tax Credits and NOL Carryforwards [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Tax credits and NOL carryforwards | 4,307,000,000 | 3,311,000,000 | ' | ' | 498,000,000 | ' | ' | 1,028,000,000 | 2,471,000,000 | 189,000,000 | [2] | 121,000,000 | [3] | ' | ' | ' | ' | ' | ' | 488,000,000 | 447,000,000 | 1,965,000,000 | 1,536,000,000 | 396,000,000 | 309,000,000 | 365,000,000 | 91,000,000 | 165,000,000 | 152,000,000 | 521,000,000 | 340,000,000 | ||
Expiration year | ' | ' | ' | ' | ' | 31-Dec-29 | 31-Dec-33 | ' | ' | ' | ' | 31-Dec-30 | 31-Dec-14 | 31-Dec-15 | 31-Dec-33 | 31-Dec-33 | 31-Dec-33 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Valuation allowance | 192,000,000 | 226,000,000 | ' | ' | ' | ' | ' | ' | ' | -83,000,000 | -109,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 40,000,000 | 77,000,000 | 1,000,000 | ' | ' | ' | 0 | 1,000,000 | ' | ' | ||||
Classification of Deferred Tax Assets (Liabiliities) in the Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Current Assets: Other | 1,373,000,000 | 732,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 286,000,000 | 90,000,000 | 540,000,000 | 359,000,000 | 229,000,000 | 144,000,000 | 110,000,000 | 152,000,000 | 85,000,000 | 21,000,000 | 52,000,000 | 1,000,000 | ||||
Investments and Other Assets: Other | 45,000,000 | 85,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Current Liabilities: Other | 0 | -6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Deferred Credits and Other Liabilities: Other | -12,097,000,000 | -10,490,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,706,000,000 | -5,181,000,000 | -3,283,000,000 | -2,558,000,000 | -2,557,000,000 | -2,162,000,000 | -1,829,000,000 | -1,518,000,000 | -2,012,000,000 | -1,853,000,000 | -1,171,000,000 | -853,000,000 | ||||
Net deferred income tax liabilities | -10,679,000,000 | -9,679,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,420,000,000 | -5,091,000,000 | -2,743,000,000 | -2,179,000,000 | -2,328,000,000 | -2,018,000,000 | -1,719,000,000 | -1,366,000,000 | -1,927,000,000 | -1,832,000,000 | -1,119,000,000 | -852,000,000 | ||||
Undistributed earnings of foreign subsidiaries | 2,400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Deferred tax liabilities, undistributed foreign subsidiaries | ' | ' | $300,000,000 | $375,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
[1] | Primarily related to capital lease obligations and debt fair value adjustments. | ||||||||||||||||||||||||||||||||
[2] | A valuation allowance of $83 million has been recorded on the state NOL carryforwards, state tax credits and state capital loss carryforwards, as presented in the Net Deferred Income Tax Liability Components table. | ||||||||||||||||||||||||||||||||
[3] | A valuation allowance of $109 million has been recorded on the foreign NOL carryforwards, as presented in the Net Deferred Income Tax Liability Components table. Certain foreign NOL carryforwards have an indefinite expiration period. |
Income_Taxes_Other_Disclosures
Income Taxes (Other Disclosures) (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | $540 | $385 | $342 | |
Acquisitions | 0 | 128 | ' | |
Gross increases-tax positions in prior periods | 0 | 29 | 49 | |
Gross decreases-tax positions in prior periods | -231 | -4 | -18 | |
Gross increases-current period tax positions | 0 | 28 | 16 | |
Gross decreases - current period tax positions | 0 | -9 | ' | |
Decreases due to settlements | -66 | -13 | -4 | |
Reduction due to lapse of statute of limitations | -13 | -4 | ' | |
Total changes | -310 | 155 | 43 | |
Unrecognized Tax Benefits - December 31 | 230 | 540 | 385 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 128 | [1] | ' | ' |
Amount that if recognized, would be recorded as a component of discontinued operations | 8 | ' | ' | |
Significant change in unrecognized tax benefits is reasonably possible, amount of unrecorded benefit | 4 | ' | ' | |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 2 | 10 | 12 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest receivable related to income taxes | 0 | 0 | 8 | |
Interest payable related to income taxes | 27 | 7 | 0 | |
Duke Energy Carolinas [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 271 | 260 | 217 | |
Gross increases-tax positions in prior periods | 0 | 12 | 42 | |
Gross decreases-tax positions in prior periods | -100 | 0 | -8 | |
Gross increases-current period tax positions | 0 | 15 | 9 | |
Gross decreases - current period tax positions | 0 | -5 | ' | |
Decreases due to settlements | 0 | -11 | 0 | |
Total changes | -100 | 11 | 43 | |
Unrecognized Tax Benefits - December 31 | 171 | 271 | 260 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 116 | [1] | ' | ' |
Significant change in unrecognized tax benefits is reasonably possible, amount of unrecorded benefit | 4 | ' | ' | |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 2 | 9 | 5 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest receivable related to income taxes | 0 | 7 | 5 | |
Interest payable related to income taxes | 8 | ' | ' | |
Progress Energy [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 131 | 173 | 176 | |
Gross increases-tax positions in prior periods | 0 | 23 | 88 | |
Gross decreases-tax positions in prior periods | -86 | -72 | -24 | |
Gross increases-current period tax positions | 0 | 8 | 9 | |
Gross decreases - current period tax positions | 0 | -1 | -8 | |
Decreases due to settlements | ' | 0 | -68 | |
Reduction due to lapse of statute of limitations | -13 | ' | ' | |
Total changes | -99 | -42 | -3 | |
Unrecognized Tax Benefits - December 31 | 32 | 131 | 173 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 2 | [1] | ' | ' |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 6 | 0 | 24 | |
Net interest expense recognized related to income taxes | 0 | 2 | 0 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest payable related to income taxes | 10 | 17 | 21 | |
Duke Energy Progress [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 67 | 73 | 74 | |
Gross increases-tax positions in prior periods | 0 | 10 | 19 | |
Gross decreases-tax positions in prior periods | -45 | -19 | -14 | |
Gross increases-current period tax positions | 0 | 4 | 8 | |
Gross decreases - current period tax positions | 0 | -1 | -4 | |
Decreases due to settlements | ' | 0 | -10 | |
Total changes | -45 | -6 | -1 | |
Unrecognized Tax Benefits - December 31 | 22 | 67 | 73 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 1 | [1] | ' | ' |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 7 | 0 | 6 | |
Net interest expense recognized related to income taxes | ' | ' | 0 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest payable related to income taxes | 2 | 8 | 8 | |
Duke Energy Florida [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 44 | 80 | 99 | |
Gross increases-tax positions in prior periods | 0 | 12 | 66 | |
Gross decreases-tax positions in prior periods | -37 | -52 | -21 | |
Gross increases-current period tax positions | 0 | 4 | 1 | |
Gross decreases - current period tax positions | ' | 0 | -4 | |
Decreases due to settlements | ' | 0 | -61 | |
Reduction due to lapse of statute of limitations | 1 | ' | ' | |
Total changes | -36 | -36 | -19 | |
Unrecognized Tax Benefits - December 31 | 8 | 44 | 80 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 1 | [1] | ' | ' |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 0 | 0 | 22 | |
Net interest expense recognized related to income taxes | 0 | 2 | 0 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest payable related to income taxes | 7 | 9 | 7 | |
Duke Energy Ohio [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 36 | 32 | 29 | |
Gross increases-tax positions in prior periods | 0 | 2 | 4 | |
Gross decreases-tax positions in prior periods | -36 | 0 | -5 | |
Gross increases-current period tax positions | 0 | 4 | 4 | |
Gross decreases - current period tax positions | 0 | -2 | ' | |
Total changes | -36 | 4 | 3 | |
Unrecognized Tax Benefits - December 31 | 0 | 36 | 32 | |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 4 | ' | ' | |
Net interest expense recognized related to income taxes | 0 | 0 | 1 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest payable related to income taxes | 0 | 3 | 3 | |
Duke Energy Indiana [Member] | ' | ' | ' | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' | |
Unrecognized Tax Benefits - January 1 | 32 | 24 | 21 | |
Gross increases-tax positions in prior periods | 0 | 6 | 3 | |
Gross decreases-tax positions in prior periods | -31 | 0 | -3 | |
Gross increases-current period tax positions | 0 | 4 | 3 | |
Gross decreases - current period tax positions | 0 | -2 | ' | |
Decreases due to settlements | ' | ' | 0 | |
Total changes | -31 | 8 | 3 | |
Unrecognized Tax Benefits - December 31 | 1 | 32 | 24 | |
Amount that if recognized, would affect the effective tax rate or regulatory liability | 1 | [1] | ' | ' |
Income Tax Examination, Penalties and Interest Expense [Abstract] | ' | ' | ' | |
Net interest income recognized related to income taxes | 1 | 2 | 0 | |
Net interest expense recognized related to income taxes | ' | 0 | 1 | |
Income Tax Examination, Penalties and Interest Accrued [Abstract] | ' | ' | ' | |
Interest payable related to income taxes | $0 | $1 | $3 | |
[1] | Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana are unable to estimate the specific amounts that would affect the effective tax rate versus the regulatory liability. |
Other_Income_Expenses_Details
Other Income & Expenses (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | $26 | $50 | $53 |
Foreign exchange gains (losses) | -18 | -5 | 2 |
Equity component of AFUDC | 157 | 300 | 260 |
Deferred returns | 39 | 24 | 10 |
Other income (expense) | 58 | 28 | 51 |
Other income and expenses, net | 262 | 397 | 376 |
Duke Energy Carolinas [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 1 | 11 | 10 |
Equity component of AFUDC | 91 | 154 | 168 |
Deferred returns | 32 | 24 | 10 |
Other income (expense) | -4 | -4 | -2 |
Other income and expenses, net | 120 | 185 | 186 |
Progress Energy [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 7 | 2 | 2 |
Contingent value obligations mark-to-market loss | ' | ' | -59 |
Equity component of AFUDC | 50 | 106 | 103 |
Deferred returns | 7 | ' | ' |
Other income (expense) | 30 | 22 | 6 |
Other income and expenses, net | 94 | 130 | 52 |
Duke Energy Progress [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 1 | 1 | 1 |
Equity component of AFUDC | 42 | 69 | 71 |
Deferred returns | 7 | ' | ' |
Other income (expense) | 7 | 9 | 8 |
Other income and expenses, net | 57 | 79 | 80 |
Duke Energy Florida [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 3 | 1 | 1 |
Equity component of AFUDC | 8 | 37 | 32 |
Other income (expense) | 19 | 1 | -3 |
Other income and expenses, net | 30 | 39 | 30 |
Duke Energy Ohio [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 6 | 10 | 14 |
Equity component of AFUDC | 1 | 6 | 5 |
Other income (expense) | -3 | -3 | 0 |
Other income and expenses, net | 4 | 13 | 19 |
Duke Energy Indiana [Member] | ' | ' | ' |
Component Of Other Income Expense Nonoperating [Line Items] | ' | ' | ' |
Interest income | 6 | 7 | 14 |
Equity component of AFUDC | 15 | 84 | 88 |
Other income (expense) | -3 | -1 | -5 |
Other income and expenses, net | $18 | $90 | $97 |
Quarterly_Financial_Data_Sched
Quarterly Financial Data (Schedule of Quarterly Financial Information) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | $6,112 | $6,709 | $5,879 | $5,898 | $5,695 | $6,722 | $3,577 | $3,630 | $24,598 | $19,624 | $14,529 |
Operating income (loss) | 1,203 | 1,743 | 821 | 1,215 | 767 | 1,078 | 786 | 495 | 4,982 | 3,126 | 2,777 |
Income (loss) from continuing operations | 686 | 994 | 345 | 634 | 406 | 594 | 449 | 297 | 2,659 | 1,746 | 1,713 |
Net income (loss) | 692 | 1,008 | 342 | 634 | 437 | 598 | 448 | 299 | 2,676 | 1,782 | 1,714 |
Net income (loss) attributable to Duke Energy Corporation | 688 | 1,004 | 339 | 634 | 435 | 594 | 444 | 295 | 2,665 | 1,768 | 1,706 |
Income (loss) from continuing operations attributable to Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.96 | $1.40 | $0.48 | $0.89 | $0.57 | $0.84 | $0.99 | $0.66 | $3.74 | $3.01 | $3.83 |
Diluted | $0.96 | $1.40 | $0.48 | $0.89 | $0.57 | $0.84 | $0.99 | $0.66 | $3.74 | $3.01 | $3.83 |
Net income attributable to Duke Energy Corporation common shareholders [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.97 | $1.42 | $0.48 | $0.89 | $0.62 | $0.85 | $0.99 | $0.66 | $3.77 | $3.07 | $3.83 |
Diluted | $0.97 | $1.42 | $0.48 | $0.89 | $0.62 | $0.85 | $0.99 | $0.66 | $3.76 | $3.07 | $3.83 |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 1,715 | 1,919 | 1,591 | 1,729 | 1,609 | 1,939 | 1,616 | 1,501 | 6,954 | 6,665 | 6,493 |
Operating income (loss) | 420 | 604 | 351 | 434 | 216 | 440 | 386 | 475 | 1,809 | 1,517 | 1,480 |
Net income (loss) | 209 | 342 | 181 | 244 | 130 | 258 | 211 | 266 | 976 | 865 | 834 |
Progress Energy [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 2,300 | 2,766 | 2,281 | 2,186 | 2,227 | 2,788 | 2,288 | 2,102 | 9,533 | 9,405 | 8,948 |
Operating income (loss) | 403 | 671 | 114 | 430 | 118 | 379 | 277 | 363 | 1,618 | 1,137 | 1,583 |
Income (loss) from continuing operations | 190 | 328 | -13 | 154 | -8 | 154 | 68 | 141 | 659 | 355 | 587 |
Net income (loss) | 196 | 342 | -17 | 154 | 34 | 157 | 64 | 152 | 675 | 407 | 582 |
Net income (loss) attributable to Duke Energy Corporation | 195 | 341 | -17 | 153 | 32 | 155 | 63 | 150 | 672 | 400 | 575 |
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 1,211 | 1,430 | 1,135 | 1,216 | 1,128 | 1,398 | 1,090 | 1,090 | 4,992 | 4,706 | 4,547 |
Operating income (loss) | 251 | 303 | 166 | 212 | 148 | 172 | 83 | 107 | 932 | 510 | 876 |
Net income (loss) | 138 | 175 | 77 | 110 | 93 | 96 | 31 | 52 | 500 | 272 | 516 |
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 1,085 | 1,332 | 1,142 | 968 | 1,095 | 1,388 | 1,196 | 1,010 | 4,527 | 4,689 | 4,392 |
Operating income (loss) | 151 | 369 | -53 | 221 | -29 | 207 | 196 | 255 | 688 | 629 | 703 |
Net income (loss) | 75 | 197 | -57 | 110 | -45 | 100 | 83 | 128 | 325 | 266 | 314 |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 868 | 819 | 811 | 747 | 766 | 757 | 717 | 912 | 3,245 | 3,152 | 3,181 |
Operating income (loss) | 44 | 116 | 108 | -17 | 74 | 42 | 95 | 138 | 251 | 349 | 375 |
Net income (loss) | 6 | 59 | 58 | -21 | 42 | 14 | 45 | 74 | 102 | 175 | 194 |
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | 747 | 755 | 700 | 724 | 626 | 718 | 685 | 688 | 2,926 | 2,717 | 2,622 |
Operating income (loss) | 181 | 203 | 168 | 181 | 93 | -30 | 134 | -272 | 733 | -75 | 282 |
Net income (loss) | $82 | $104 | $82 | $90 | $59 | ($19) | $77 | ($167) | $358 | ($50) | $168 |
Quarterly_Financial_Data_Unusu
Quarterly Financial Data (Unusual or Infrequently Occurring Items) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | ($72) | ($88) | ($82) | ($55) | ($164) | ($457) | ($7) | ($8) | ($297) | ($636) | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | -399 | -666 | -335 |
Voluntary Opportunity Plan deferral | ' | ' | ' | ' | ' | ' | ' | 101 | ' | 101 | ' |
Total | -24 | -88 | -464 | -55 | -192 | -637 | -7 | -327 | -631 | -1,163 | ' |
Edwardsport IGCC Plant [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | ' | ' | ' | ' | -28 | -180 | 0 | -420 | ' | -628 | ' |
DukeNet [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sale of equity investment | 105 | 0 | 0 | 0 | ' | ' | ' | ' | 105 | ' | ' |
Crystal River Unit 3 Retirement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | -57 | 0 | -295 | 0 | ' | ' | ' | ' | -352 | ' | ' |
Nuclear Development Charges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | 0 | 0 | -87 | 0 | ' | ' | ' | ' | -87 | ' | ' |
Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -29 | -34 | -35 | -22 | -46 | -184 | -5 | -4 | -120 | -239 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | -31 | -12 |
Voluntary Opportunity Plan deferral | ' | ' | ' | ' | ' | ' | ' | 101 | ' | 101 | ' |
Total | ' | ' | ' | ' | -46 | -184 | -5 | 97 | ' | -138 | ' |
Progress Energy [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -28 | -42 | -33 | -19 | -82 | -217 | -20 | -7 | -122 | -326 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | -380 | -200 | -3 |
Replacement power refund | ' | ' | ' | ' | 0 | -100 | 0 | 0 | ' | -100 | ' |
Total | -85 | -42 | -415 | -19 | -274 | -317 | -20 | -7 | -561 | -618 | ' |
Progress Energy [Member] | Crystal River Unit 3 Retirement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | -57 | 0 | -295 | 0 | -192 | 0 | 0 | 0 | -352 | -192 | ' |
Progress Energy [Member] | Nuclear Development Charges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | 0 | 0 | -87 | 0 | ' | ' | ' | ' | -87 | ' | ' |
Duke Energy Progress [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -19 | -32 | -22 | -11 | -36 | -180 | -12 | -4 | -84 | -232 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | -22 | -54 | -3 |
Total | -19 | -32 | -44 | -11 | ' | ' | ' | ' | -106 | ' | ' |
Duke Energy Progress [Member] | Nuclear Development Charges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | 0 | 0 | -22 | 0 | ' | ' | ' | ' | -22 | ' | ' |
Duke Energy Florida [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -9 | -10 | -11 | -8 | -46 | -37 | -8 | -3 | -38 | -94 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | -358 | -146 | 0 |
Replacement power refund | ' | ' | ' | ' | 0 | -100 | 0 | 0 | ' | -100 | ' |
Total | -66 | -10 | -371 | -8 | -238 | -137 | -8 | -3 | -455 | -386 | ' |
Duke Energy Florida [Member] | Crystal River Unit 3 Retirement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | -57 | 0 | -295 | 0 | -192 | 0 | 0 | 0 | -352 | -192 | ' |
Duke Energy Florida [Member] | Nuclear Development Charges [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | 0 | 0 | -65 | 0 | ' | ' | ' | ' | -65 | ' | ' |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -4 | -4 | -4 | -4 | -12 | -22 | -1 | -1 | -16 | -36 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | -5 | -2 | -89 |
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs to achieve the merger | -5 | -5 | -5 | -4 | -11 | -21 | -1 | -1 | -19 | -34 | ' |
Pretax impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | -579 | -234 |
Total | ' | ' | ' | ' | -39 | -201 | -1 | -421 | ' | -662 | ' |
Duke Energy Indiana [Member] | Edwardsport IGCC Plant [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly Financial Information Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charge | ' | ' | ' | ' | ($28) | ($180) | $0 | ($420) | ' | ($628) | ' |