Fair Value of Financial Assets and Liabilities (Tables) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Investments in available-for-sale auction rate securities(a) | | $ | 25 | | $ | ― | | $ | ― | | $ | 25 | Investments in available-for-sale auction rate securities(a) | | $ | 29 | | $ | ― | | $ | ― | | $ | 29 |
Nuclear decommissioning trust fund equity securities | | | 3,280 | | | 3,199 | | | 59 | | | 22 | Nuclear decommissioning trust fund equity securities | | | 2,837 | | | 2,762 | | | 54 | | | 21 |
Nuclear decommissioning trust fund debt securities | | | 1,525 | | | 392 | | | 1,083 | | | 50 | Nuclear decommissioning trust fund debt securities | | | 1,405 | | | 317 | | | 1,040 | | | 48 |
Other trading and available-for-sale equity securities(b) | | | 93 | | | 83 | | | 10 | | | ― | Other trading and available-for-sale equity securities(b) | | | 72 | | | 63 | | | 9 | | | ― |
Other trading and available-for-sale debt securities(c) | | | 414 | | | 57 | | | 357 | | | ― | Other trading and available-for-sale debt securities(c) | | | 602 | | | 40 | | | 562 | | | ― |
Derivative assets(b) | | | 127 | | | 32 | | | 22 | | | 73 | Derivative assets(b) | | | 103 | | | 18 | | | 22 | | | 63 |
| Total assets | | | 5,464 | | | 3,763 | | | 1,531 | | | 170 | | Total assets | | | 5,048 | | | 3,200 | | | 1,687 | | | 161 |
Derivative liabilities(d) | | | -473 | | | -15 | | | -347 | | | -111 | Derivative liabilities(d) | | | -756 | | | -17 | | | -591 | | | -148 |
| Net assets | | $ | 4,991 | | $ | 3,748 | | $ | 1,184 | | $ | 59 | | Net assets | | $ | 4,292 | | $ | 3,183 | | $ | 1,096 | | $ | 13 |
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| (a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other within Current Assets and Other within Investments and Other Assets on the Condensed Consolidated Balance Sheet. |
| (c) | Included in Other within Investments and Other Assets and Short-term Investments on the Condensed Consolidated Balance Sheets. |
| (d) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. |
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Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Three Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2013 | | | | Nine Months Ended September 30, 2012 |
(in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | | | | Three Months Ended September 30, 2012 | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total |
Balance at June 30, 2013 | $ | 26 | | $ | 71 | | $ | -87 | | $ | 10 | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | Balance at December 31, 2012 | $ | 29 | | $ | 69 | | $ | -85 | | $ | 13 | Balance at December 31, 2011 | $ | 71 | | $ | 53 | | $ | -39 | | $ | 85 |
Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | Balance at June 30, 2012 | $ | 41 | | $ | 64 | | $ | -19 | | $ | 86 | Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | Amounts acquired in Progress Energy Merger | | ― | | | ― | | | -30 | | | -30 |
| Revenue: Regulated electric | | ― | | | ― | | | 4 | | | 4 | Amounts acquired in Progress Merger | | ― | | | ― | | | -30 | | | -30 | | Revenue: Regulated electric | | ― | | | ― | | | 5 | | | 5 | Total pretax realized or unrealized losses included in earnings: | | | | | | | | | | | |
| Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | 9 | | | 9 | Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | | Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | -13 | | | -13 | | Revenue: Regulated electric | | ― | | | ― | | | 37 | | | 37 |
Total pretax gains included in other comprehensive income: | | | | | | | | | | | | | Revenue: Regulated electric | | ― | | | ― | | | 12 | | | 12 | Total pretax gains included in other comprehensive income: | | | | | | | | | | | | | Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | -9 | | | -9 |
| Gains on available for sale securities and other | | 1 | | | ― | | | ― | | | 1 | | Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | -6 | | | -6 | | Losses on available for sale securities and other | | -1 | | | ― | | | ― | | | -1 | Total pretax gains included in other comprehensive income: | | | | | | | | | | | |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | Total pretax gains included in other comprehensive income: | | | | | | | | | | | | Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Gains on available for sale securities and other | | 9 | | | ― | | | ― | | | 9 |
| Purchases | | ― | | | 2 | | | ― | | | 2 | Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Purchases | | ― | | | 5 | | | 21 | | | 26 | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
| Sales | | ― | | | -2 | | | ― | | | -2 | | Purchases | | ― | | | 1 | | | ― | | | 1 | | Sales | | ― | | | -5 | | | ― | | | -5 | | Purchases | | ― | | | 10 | | | 22 | | | 32 |
| Issuances | | ― | | | ― | | | 4 | | | 4 | | Issuances | | ― | | | ― | | | -24 | | | -24 | | Issuances | | ― | | | ― | | | 9 | | | 9 | | Issuances | | ― | | | ― | | | -24 | | | -24 |
| Settlements | | -2 | | | ― | | | -3 | | | -5 | | Settlements | | | | | ― | | | -10 | | | -10 | | Settlements | | -3 | | | ― | | | -5 | | | -8 | | Settlements | | -39 | | | ― | | | -34 | | | -73 |
Transfers in and out of Level 3 due to observability of inputs | | ― | | | ― | | | 34 | | | 34 | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 1 | | | 2 | | | 3 | Transfers in and out of Level 3 due to observability of inputs | | ― | | | ― | | | 34 | | | 34 | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 3 | | | 2 | | | 5 |
Total gains (losses) included on the Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 1 | | | 1 | | | 2 | Balance at September 30, 2012 | $ | 41 | | $ | 66 | | $ | -75 | | $ | 32 | Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 3 | | | -4 | | | -1 | Balance at September 30, 2012 | $ | 41 | | $ | 66 | | $ | -75 | | $ | 32 |
Balance at September 30, 2013 | $ | 25 | | $ | 72 | | $ | -38 | | $ | 59 | | | | | | | | | | | | | | | Balance at September 30, 2013 | $ | 25 | | $ | 72 | | $ | -38 | | $ | 59 | Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2012. | | | | | | | | | | | |
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | | | Pretax amounts included in the Condensed Consolidated Statement of Operations related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | | | Revenue: Nonregulated electric, natural gas, and other | $ | ― | | $ | ― | | $ | 5 | | $ | 5 |
| Revenue: Regulated electric | $ | ― | | $ | ― | | $ | 3 | | $ | 3 | | | Revenue: Regulated electric | $ | ― | | $ | ― | | $ | 5 | | $ | 5 | Total | $ | ― | | $ | ― | | $ | 5 | | $ | 5 |
| Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | -2 | | | -2 | | | Revenue: Nonregulated electric, natural gas, and other | | ― | | | ― | | | -26 | | | -26 | | | | | | | | | | | | | | |
Total | $ | ― | | $ | ― | | $ | 1 | | $ | 1 | | Total | $ | ― | | $ | ― | | $ | -21 | | $ | -21 | |
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Schedule of Long-term debt, including current | ' | ' | ' | ' | ' |
| | 30-Sep-13 | | 31-Dec-12 | |
(in millions) | Book Value | | Fair Value | | Book Value | | Fair Value | |
Duke Energy (a) | $ | 39,709 | | $ | 42,142 | | $ | 39,461 | | $ | 44,001 | |
Duke Energy Carolinas(b) | | 8,739 | | | 9,445 | | | 8,741 | | | 10,096 | |
Progress Energy | | 13,815 | | | 14,989 | | | 14,428 | | | 16,563 | |
Duke Energy Progress | | 4,936 | | | 5,053 | | | 4,840 | | | 5,277 | |
Duke Energy Florida | | 4,887 | | | 5,424 | | | 5,320 | | | 6,222 | |
Duke Energy Ohio | | 2,188 | | | 2,263 | | | 1,997 | | | 2,117 | |
Duke Energy Indiana | | 3,798 | | | 4,143 | | | 3,702 | | | 4,268 | |
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(a) | Includes book value of Non-recourse long-term debt of variable interest entities of $1,265 million and $852 million September 30, 2013 and December 31, 2012, respectively. | |
(b) | Includes book value of Non-recourse long-term debt of variable interest entities of $300 million at both September 30, 2013 and December 31, 2012, respectively. | |
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Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | 30-Sep-13 | | | | | | | | | | | | | | | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | | | | 31-Dec-12 | | |
Duke Energy | | | | | | | | | | | | | Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Commodity natural gas contracts | $ | -43 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | | | Duke Energy | | | | | | | | | | | | |
FERC mitigation power sale agreements | | -4 | | Discounted cash flow | | Forward electricity curves - price per megawatt-hour (MWh) | | 25.79 | - | 48.34 | | | Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
Financial transmission rights (FTRs) | | 15 | | RTO market pricing | | FTR price - per MWh | | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Commodity power contracts | | 5 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 122.64 | | | Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity option contracts | | 4 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 29.3 | - | 100.8 | | | Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | | Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | | Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -4 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | | | Duke Energy Carolinas | | | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | | FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | -0.09 | - | 0.46 | | | Progress Energy | | | | | | | | | | | | |
Commodity power contracts | | 13 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Commodity natural gas contracts | | -9 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.47 | - | 4.55 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | | Duke Energy Progress | | | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Financial transmission rights (FTRs) | $ | 14 | | RTO market pricing | | FTR price - per MWh | $ | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
| | | | | | | | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
| Duke Energy Ohio | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
| Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
| Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
| Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
| Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
| Duke Energy Indiana | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
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Duke Energy Carolinas [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
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| | | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Investments in available-for-sale auction rate securities(a) | | $ | 3 | | $ | ― | | $ | ― | | $ | 3 | Investments in available-for-sale auction rate securities(a) | | $ | 3 | | $ | ― | | $ | ― | | $ | 3 |
Nuclear decommissioning trust fund equity securities | | | 1,790 | | | 1,715 | | | 53 | | | 22 | Nuclear decommissioning trust fund equity securities | | | 1,592 | | | 1,523 | | | 48 | | | 21 |
Nuclear decommissioning trust fund debt securities | | | 883 | | | 220 | | | 613 | | | 50 | Nuclear decommissioning trust fund debt securities | | | 762 | | | 155 | | | 559 | | | 48 |
| Total assets | | | 2,676 | | | 1,935 | | | 666 | | | 75 | | Total assets | | | 2,357 | | | 1,678 | | | 607 | | | 72 |
Derivative liabilities(b) | | | -4 | | | ― | | | ― | | | -4 | Derivative liabilities(b) | | | -12 | | | ― | | | ― | | | -12 |
| Net assets | | $ | 2,672 | | $ | 1,935 | | $ | 666 | | $ | 71 | | Net Assets | | $ | 2,345 | | $ | 1,678 | | $ | 607 | | $ | 60 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheet. |
| | | | | | | | | | | | | | |
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Three Months Ended September 30, 2013 | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2013 | | | | Nine Months Ended September 30, 2012 |
(in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | | | | Three Months Ended September 30, 2012 | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total |
Balance at June 30, 2013 | $ | 3 | | $ | 71 | | $ | -4 | | $ | 70 | (in millions) | Available-for-Sale Auction Rate Securities | | Available-for-Sale NDTF Investments | | Derivatives (net) | | Total | Balance at December 31, 2012 | $ | 3 | | $ | 69 | | $ | -12 | | $ | 60 | Balance at December 31, 2011 | $ | 12 | | $ | 53 | | $ | ― | | $ | 65 |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | Balance at June 30, 2012 | $ | 6 | | $ | 64 | | $ | ― | | $ | 70 | Purchases, sales, issuances and settlements: | | | | | | | | | | | | Total pretax gains included in other comprehensive income: | | | | | | | | | | | |
| Purchases | | ― | | | 2 | | | ― | | | 2 | Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Purchases | | ― | | | 5 | | | ― | | | 5 | | Gains on available for sale securities and other | | 2 | | | ― | | | ― | | | 2 |
| Sales | | ― | | | -2 | | | ― | | | -2 | | Purchases | | ― | | | 1 | | | ― | | | 1 | | Sales | | ― | | | -5 | | | ― | | | -5 | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 1 | | | ― | | | 1 | | Issuances | | ― | | | ― | | | -14 | | | -14 | | Settlements | | ― | | | ― | | | 8 | | | 8 | | Purchases | | ― | | | 10 | | | ― | | | 10 |
Balance at September 30, 2013 | $ | 3 | | $ | 72 | | $ | -4 | | $ | 71 | | Settlements | | ― | | | ― | | | 2 | | | 2 | Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 3 | | | ― | | | 3 | | Issuances | | ― | | | ― | | | -14 | | | -14 |
| | | | | | | | | | | | | | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 1 | | | ― | | | 1 | Balance at September 30, 2013 | $ | 3 | | $ | 72 | | $ | -4 | | $ | 71 | | Settlements | | -8 | | | ― | | | 2 | | | -6 |
| Balance at September 30, 2012 | $ | 6 | | $ | 66 | | $ | -12 | | $ | 60 | Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | | Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | ― | | | 3 | | | ― | | | 3 |
| | | | | | | | | | | | | | | | Operating Revenues | $ | ― | | $ | ― | | $ | -4 | | $ | -4 | Balance at September 30, 2012 | $ | 6 | | $ | 66 | | $ | -12 | | $ | 60 |
| | Total | $ | ― | | $ | ― | | $ | -4 | | $ | -4 | | | | | | | | | | | | | | |
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Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | 30-Sep-13 | | | | | | | | | | | | | | | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | | | | 31-Dec-12 | | |
Duke Energy | | | | | | | | | | | | | Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Commodity natural gas contracts | $ | -43 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | | | Duke Energy | | | | | | | | | | | | |
FERC mitigation power sale agreements | | -4 | | Discounted cash flow | | Forward electricity curves - price per megawatt-hour (MWh) | | 25.79 | - | 48.34 | | | Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
Financial transmission rights (FTRs) | | 15 | | RTO market pricing | | FTR price - per MWh | | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Commodity power contracts | | 5 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 122.64 | | | Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity option contracts | | 4 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 29.3 | - | 100.8 | | | Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | | Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | | Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -4 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | | | Duke Energy Carolinas | | | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | | FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | -0.09 | - | 0.46 | | | Progress Energy | | | | | | | | | | | | |
Commodity power contracts | | 13 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Commodity natural gas contracts | | -9 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.47 | - | 4.55 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | | Duke Energy Progress | | | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Financial transmission rights (FTRs) | $ | 14 | | RTO market pricing | | FTR price - per MWh | $ | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
| | | | | | | | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
| Duke Energy Ohio | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
| Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
| Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
| Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
| Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
| Duke Energy Indiana | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
| | | | | | | | | | | | | | |
Progress Energy [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Nuclear decommissioning trust fund equity securities | | $ | 1,489 | | $ | 1,483 | | $ | 6 | | $ | ― | Nuclear decommissioning trust fund equity securities | | $ | 1,245 | | $ | 1,239 | | $ | 6 | | $ | ― |
Nuclear decommissioning trust fund debt securities and other | | | 642 | | | 172 | | | 470 | | | ― | Nuclear decommissioning trust fund debt securities and other | | | 643 | | | 162 | | | 481 | | | ― |
Other trading and available-for-sale debt securities and other(a) | | | 55 | | | 19 | | | 36 | | | ― | Other trading and available-for-sale debt securities and other(a) | | | 57 | | | 17 | | | 40 | | | ― |
| Total assets | | | 2,186 | | | 1,674 | | | 512 | | | ― | Derivative assets(b) | | | 11 | | | ― | | | 11 | | | ― |
Derivative liabilities(c) | | | -282 | | | ― | | | -282 | | | ― | | Total assets | | | 1,956 | | | 1,418 | | | 538 | | | ― |
| Net assets | | $ | 1,904 | | $ | 1,674 | | $ | 230 | | $ | ― | Derivative liabilities(c) | | | -440 | | | ― | | | -402 | | | -38 |
| | | | | | | | | | | | | | | Net assets | | $ | 1,516 | | $ | 1,418 | | $ | 136 | | $ | -38 |
| | | | | | | | | | | | | | |
| (a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. |
| (c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. |
| | | | | | | | | | | | | | |
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Derivatives (net) | | | | | | | | | | | | | | | | | | | |
| | | Three Months Ended September 30, | | | | | | | | | Derivatives (net) | | | | | |
(in millions) | | | 2013 | | | 2012 | | | | | | | | | Nine Months Ended September 30, | | | | | |
Balance at beginning of period | | $ | -35 | | $ | -30 | | | | | | (in millions) | | | 2013 | | | 2012 | | | | | |
Total pretax realized or unrealized gains included in earnings: | | | | | | | | | | | | Balance at beginning of period | | $ | -38 | | $ | -24 | | | | | |
| Revenue: Regulated electric | | | ― | | | 2 | | | | | | Total pretax realized or unrealized gains included in earnings: | | | | | | | | | | | |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Operating Revenues | | | ― | | | 2 | | | | | |
| Issuances | | | 2 | | | -16 | | | | | | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
| Settlements | | | ― | | | 4 | | | | | | | Issuances | | | 10 | | | -16 | | | | | |
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | -1 | | | 4 | | | | | | | Settlements | | | ― | | | 4 | | | | | |
Transfers in and out of Level 3 due to observability of inputs | | | 34 | | | ― | | | | | | Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | -6 | | | -2 | | | | | |
Balance at end of period | | $ | ― | | $ | -36 | | | | | | Transfers in and out of Level 3 due to observability of inputs | | | 34 | | | ― | | | | | |
| | | | | | | | | | | | | | Balance at end of period | | $ | ― | | $ | -36 | | | | | |
| Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | |
| | Revenue: Regulated electric | | $ | 10 | | $ | ― | | | | | |
| Total | | $ | 10 | | $ | ― | | | | | |
| | | | | | | | | | | | | | |
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | |
| | 31-Dec-12 | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Duke Energy | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Progress Energy | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Duke Energy Progress | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | |
Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
| | | | | | | | | | | | | |
Duke Energy Progress [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Nuclear decommissioning trust fund equity securities | | $ | 985 | | $ | 985 | | $ | ― | | $ | ― | Nuclear decommissioning trust fund equity securities | | $ | 811 | | $ | 811 | | $ | ― | | $ | ― |
Nuclear decommissioning trust fund debt securities and other | | | 440 | | | 112 | | | 328 | | | ― | Nuclear decommissioning trust fund debt securities and other | | | 448 | | | 119 | | | 329 | | | ― |
Other trading and available-for-sale debt securities and other(a) | | | 2 | | | 2 | | | ― | | | ― | Other trading and available-for-sale debt securities and other(a) | | | 3 | | | 3 | | | ― | | | ― |
| Total assets | | | 1,427 | | | 1,099 | | | 328 | | | ― | Derivative assets(b) | | | 2 | | | ― | | | 2 | | | ― |
Derivative liabilities(c) | | | -107 | | | ― | | | -107 | | | ― | | Total assets | | | 1,264 | | | 933 | | | 331 | | | ― |
| Net assets | | $ | 1,320 | | $ | 1,099 | | $ | 221 | | $ | ― | Derivative liabilities(c) | | | -166 | | | ― | | | -128 | | | -38 |
| | | | | | | | | | | | | | | Net assets | | $ | 1,098 | | $ | 933 | | $ | 203 | | $ | -38 |
| | | | | | | | | | | | | | |
| (a) | Included in Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other Current Assets within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. |
| (c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. |
| | | | | | | | | | | | | | |
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Derivatives (net) | | | | | | | | | | | | | | |
| | | Three Months Ended September 30, | | | | | | | | | Derivatives (net) | | | | | |
(in millions) | | | 2013 | | | 2012 | | | | | | | | | Nine Months Ended September 30, | | | | | |
Balance at beginning of period | | $ | -35 | | $ | -28 | | | | | | (in millions) | | | 2013 | | | 2012 | | | | | |
Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | Balance at beginning of period | | $ | -38 | | $ | -24 | | | | | |
| Operating Revenues | | | ― | | | 2 | | | | | | Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Operating Revenues | | | ― | | | 2 | | | | | |
| Issuances | | | | | | -16 | | | | | | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
| Settlements | | | 2 | | | 4 | | | | | | | Issuances | | | 9 | | | -16 | | | | | |
Total (losses) gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | -1 | | | 2 | | | | | | | Settlements | | | ― | | | 4 | | | | | |
Transfers in and out of Level 3 due to observability of inputs | | | 34 | | | ― | | | | | | Total losses included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | -5 | | | -2 | | | | | |
Balance at end of period | | $ | ― | | $ | -36 | | | | | | Transfers in and out of Level 3 due to observability of inputs | | | 34 | | | ― | | | | | |
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | | Balance at end of period | | $ | ― | | $ | -36 | | | | | |
| Revenue: Regulated electric | | $ | 1 | | $ | ― | | | | | | Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013 | | | | | | | | | | | |
Total | | $ | 1 | | $ | ― | | | | | | | Revenue: Regulated electric | | $ | 10 | | $ | ― | | | | | |
| | | | | | | | | | | | | | Total | | $ | 10 | | $ | ― | | | | | |
| | | | | | | | | | | | | | |
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | |
| | 31-Dec-12 | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Duke Energy | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Progress Energy | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Duke Energy Progress | | | | | | | | | | | | |
Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | |
Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
| | | | | | | | | | | | | |
Duke Energy Florida [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Nuclear decommissioning trust fund equity securities | | $ | 505 | | $ | 499 | | $ | 6 | | $ | ― | Nuclear decommissioning trust fund equity securities | | $ | 435 | | $ | 429 | | $ | 6 | | $ | ― |
Nuclear decommissioning trust fund debt securities and other | | | 202 | | | 60 | | | 142 | | | ― | Nuclear decommissioning trust fund debt securities and other | | | 194 | | | 43 | | | 151 | | | ― |
Other trading and available-for-sale debt securities and other(a) | | | 39 | | | 2 | | | 37 | | | ― | Other trading and available-for-sale debt securities and other(a) | | | 43 | | | 3 | | | 40 | | | ― |
| Total assets | | | 746 | | | 561 | | | 185 | | | ― | Derivative assets | | | 9 | | | ― | | | 9 | | | ― |
Derivative liabilities(b) | | | -171 | | | ― | | | -171 | | | ― | | Total assets | | | 681 | | | 475 | | | 206 | | | ― |
| Net assets | | $ | 575 | | $ | 561 | | $ | 14 | | $ | ― | Derivative liabilities(b) | | | -270 | | | ― | | | -270 | | | ― |
| | | | | | | | | | | | | | | Net assets (liabilities) | | $ | 411 | | $ | 475 | | $ | -64 | | $ | ― |
| | | | | | | | | | | | | | |
| (a) | Included in Other within Investments and Other Assets in the Condensed Balance Sheets. |
| (b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Balance Sheets |
| | | | | | | | | | | | | | |
Duke Energy Ohio [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Derivative assets(a) | | $ | 70 | | $ | 49 | | $ | ― | | $ | 21 | Derivative assets(a) | | $ | 59 | | $ | 48 | | $ | 2 | | $ | 9 |
Derivative liabilities(b) | | | -46 | | | -14 | | | -5 | | | -27 | Derivative liabilities(b) | | | -38 | | | -15 | | | -8 | | | -15 |
| Net assets (liabilities) | | $ | 24 | | $ | 35 | | $ | -5 | | $ | -6 | | Net assets (liabilities) | | $ | 21 | | $ | 33 | | $ | -6 | | $ | -6 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | Included in Other within Current Assets and Other within Investments and Other Assets in the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities in the Condensed Consolidated Balance Sheets. |
| | | | | | | | | | | | | | |
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Derivatives (net) | | | | | | | | | | | | | | | | | | | |
| | | Three Months Ended September 30, | | | | | | | | | Derivatives (net) | | | | | |
(in millions) | | | 2013 | | | 2012 | | | | | | | | | Nine Months Ended September 30, | | | | | |
Balance at beginning of period | | $ | -19 | | $ | -2 | | | | | | (in millions) | | | 2013 | | | 2012 | | | | | |
Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | Balance at beginning of period | | $ | -6 | | $ | -3 | | | | | |
| Revenue: Regulated electric | | | ― | | | 1 | | | | | | Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | |
| Revenue: Nonregulated electric and other | | | 11 | | | -6 | | | | | | | Revenue: Regulated electric | | | ― | | | 1 | | | | | |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Revenue: Nonregulated electric and other | | | -4 | | | -5 | | | | | |
| Settlements | | | 2 | | | -1 | | | | | | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
Balance at end of period | | $ | -6 | | $ | -8 | | | | | | | Purchases | | | 1 | | | ― | | | | | |
Pretax amounts included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | | | | | | | | | | | | | Settlements | | | ― | | | 1 | | | | | |
| Revenue: Nonregulated electric and other | | $ | -3 | | $ | ― | | | | | | Total gains (losses) included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | 3 | | | -2 | | | | | |
Total | | $ | -3 | | $ | ― | | | | | | Balance at end of period | | $ | -6 | | $ | -8 | | | | | |
| | | | | | | | | | | | | | Pretax amounts included in the Consolidated Statements of Operations and Comprehensive Income related to Level 3 measurements outstanding at September 30, 2013: | | | | | | | | | | | |
| | Revenue: Nonregulated electric and other | | $ | -16 | | $ | 1 | | | | | |
| Total | | $ | -16 | | $ | 1 | | | | | |
| | | | | | | | | | | | | | |
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | 30-Sep-13 | | | | | | | | | | | | | | | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | | | | 31-Dec-12 | | |
Duke Energy | | | | | | | | | | | | | Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Commodity natural gas contracts | $ | -43 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | | | Duke Energy | | | | | | | | | | | | |
FERC mitigation power sale agreements | | -4 | | Discounted cash flow | | Forward electricity curves - price per megawatt-hour (MWh) | | 25.79 | - | 48.34 | | | Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
Financial transmission rights (FTRs) | | 15 | | RTO market pricing | | FTR price - per MWh | | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Commodity power contracts | | 5 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 122.64 | | | Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity option contracts | | 4 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 29.3 | - | 100.8 | | | Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | | Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | | Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -4 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | | | Duke Energy Carolinas | | | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | | FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | -0.09 | - | 0.46 | | | Progress Energy | | | | | | | | | | | | |
Commodity power contracts | | 13 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Commodity natural gas contracts | | -9 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.47 | - | 4.55 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | | Duke Energy Progress | | | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Financial transmission rights (FTRs) | $ | 14 | | RTO market pricing | | FTR price - per MWh | $ | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
| | | | | | | | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
| Duke Energy Ohio | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
| Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
| Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
| Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
| Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
| Duke Energy Indiana | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
| | | | | | | | | | | | | | |
Duke Energy Indiana [Member] | ' | ' | ' | ' | ' |
Fair Value Disclosures [Line Items] | ' | ' | ' | ' | ' |
Fair Value Measurement Amounts For Assets And Liabilities | ' | ' | ' | ' | ' |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 30-Sep-13 | | | | 31-Dec-12 |
(in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | (in millions) | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 |
Available-for-sale equity securities(a) | | $ | 60 | | $ | 60 | | $ | ― | | $ | ― | Available-for-sale equity securities(a) | | $ | 49 | | $ | 49 | | $ | ― | | $ | ― |
Available-for-sale debt securities(a) | | | 28 | | | ― | | | 28 | | | ― | Available-for-sale debt securities(a) | | | 29 | | | ― | | | 29 | | | ― |
Derivative assets(b) | | | 14 | | | ― | | | ― | | | 14 | Derivative assets(b) | | | 10 | | | ― | | | ― | | | 10 |
| Total assets | | | 102 | | | 60 | | | 28 | | $ | 14 | | Total assets | | | 88 | | | 49 | | | 29 | | $ | 10 |
| Net assets (liabilities) | | $ | 102 | | $ | 60 | | $ | 28 | | $ | 14 | Derivative liabilities(c) | | | -63 | | | ― | | | -63 | | | ― |
| | | | | | | | | | | | | | | Net assets (liabilities) | | $ | 25 | | $ | 49 | | $ | -34 | | $ | 10 |
| | | | | | | | | | | | | | |
| (a) | Included in Other within Investments and Other Assets on the Condensed Consolidated Balance Sheets. |
| (b) | Included in Other within Current Assets on the Condensed Consolidated Balance Sheets. |
| (c) | Included in Other within Current Liabilities and Other within Deferred Credits and Other Liabilities on the Condensed Consolidated Balance Sheets. |
| | | | | | | | | | | | | | |
Reconciliation Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs | ' | ' | ' | ' | ' |
| | | Derivatives (net) | | | | | | | | | | | | | | | | | | | |
| | | Three Months Ended September 30, | | | | | | | | | Derivatives (net) | | | | | |
(in millions) | | | 2013 | | | 2012 | | | | | | | | | Nine Months Ended September 30, | | | | | |
Balance at beginning of period | | $ | 18 | | $ | 22 | | | | | | (in millions) | | | 2013 | | | 2012 | | | | | |
Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | | Balance at beginning of period | | $ | 10 | | $ | 4 | | | | | |
| Operating Revenues | | | 3 | | | 11 | | | | | | Total pretax realized or unrealized gains (losses) included in earnings: | | | | | | | | | | | |
Purchases, sales, issuances and settlements: | | | | | | | | | | | | | Operating Revenues | | | 5 | | | 35 | | | | | |
| Settlements | | | -10 | | | -16 | | | | | | Purchases, sales, issuances and settlements: | | | | | | | | | | | |
Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | 3 | | | ― | | | | | | | Purchases | | | 20 | | | ― | | | | | |
Balance at end of period | | $ | 14 | | $ | 17 | | | | | | | Sales | | | ― | | | 22 | | | | | |
| | | | | | | | | | | | | | | Settlements | | | -23 | | | -45 | | | | | |
| Total gains included on the Condensed Consolidated Balance Sheet as regulatory assets or liabilities | | | 2 | | | 1 | | | | | |
| Balance at end of period | | $ | 14 | | $ | 17 | | | | | |
| | | | | | | | | | | | | | |
Quantitative Information Table - Level 3 | ' | ' | ' | ' | ' |
| | 30-Sep-13 | | | | | | | | | | | | | | | | |
Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | | | | 31-Dec-12 | | |
Duke Energy | | | | | | | | | | | | | Investment Type | Fair Value (in millions) | | Valuation Technique | | Unobservable Input | Range | | |
Commodity natural gas contracts | $ | -43 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 3.47 | - | 10.36 | | | Duke Energy | | | | | | | | | | | | |
FERC mitigation power sale agreements | | -4 | | Discounted cash flow | | Forward electricity curves - price per megawatt-hour (MWh) | | 25.79 | - | 48.34 | | | Commodity natural gas contracts | $ | -53 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 2.33 | - | 9.99 | | |
Financial transmission rights (FTRs) | | 15 | | RTO market pricing | | FTR price - per MWh | | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -23 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Commodity power contracts | | 5 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Financial transmission rights (FTRs) | | 11 | | RTO market pricing | | FTR price - per MWh | | 23.63 | - | 39.22 | | |
Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 122.64 | | | Commodity power contracts | | -8 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 24.82 | - | 77.96 | | |
Commodity capacity option contracts | | 4 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 29.3 | - | 100.8 | | | Commodity capacity contracts | | -3 | | Discounted cash flow | | Forward capacity curves - price per MW day | | 95.16 | - | 105.36 | | |
Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Commodity capacity option contracts | | 3 | | Discounted cash flow | | Forward capacity option curves - price per MW day | | 4.68 | - | 77.96 | | |
Total Level 3 derivatives | $ | -38 | | | | | | | | | | | Reserves | | -12 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
Duke Energy Carolinas | | | | | | | | | | | | | Total Level 3 derivatives | $ | -85 | | | | | | | | | | |
FERC mitigation power sale agreements | $ | -4 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.79 | - | 48.34 | | | Duke Energy Carolinas | | | | | | | | | | | | |
Duke Energy Ohio | | | | | | | | | | | | | FERC mitigation power sale agreements | $ | -12 | | Discounted cash flow | | Forward electricity curves - price per MWh | $ | 25.83 | - | 48.69 | | |
Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | -0.09 | - | 0.46 | | | Progress Energy | | | | | | | | | | | | |
Commodity power contracts | | 13 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 26.2 | - | 54.19 | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Commodity natural gas contracts | | -9 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.47 | - | 4.55 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
Total Level 3 derivatives | $ | -6 | | | | | | | | | | | Duke Energy Progress | | | | | | | | | | | | |
Duke Energy Indiana | | | | | | | | | | | | | Commodity natural gas contracts | $ | -27 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | $ | 4.07 | - | 4.45 | | |
Financial transmission rights (FTRs) | $ | 14 | | RTO market pricing | | FTR price - per MWh | $ | -1.53 | - | 10.86 | | | FERC mitigation power sale agreements | | -11 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.83 | - | 48.69 | | |
| | | | | | | | | | | | | | Total Level 3 derivatives | $ | -38 | | | | | | | | | | |
| Duke Energy Ohio | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 1 | | RTO market pricing | | FTR price - per MWh | $ | 27.17 | - | 39.22 | | |
| Commodity power contracts | | -1 | | Discounted cash flow | | Forward electricity curves - price per MWh | | 25.9 | - | 57.5 | | |
| Commodity natural gas contracts | | 5 | | Discounted cash flow | | Forward natural gas curves - price per MMBtu | | 3.3 | - | 4.51 | | |
| Reserves | | -11 | | | | Bid-ask spreads, implied volatility, probability of default | | | | | | |
| Total Level 3 derivatives | $ | -6 | | | | | | | | | | |
| Duke Energy Indiana | | | | | | | | | | | | |
| Financial transmission rights (FTRs) | $ | 10 | | RTO market pricing | | FTR price - per MWh | $ | 23.63 | - | 35.43 | | |
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