EX-99.1 2 a13-7677_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

2012 Statistical Supplement

 



 

CONTENTS

 

2

DUKE ENERGY CORPORATION

 

 

 

 

 

 

 

 

  2

Consolidating Statement of Operations

 

 

 

  4

Consolidating Balance Sheet - Assets

 

 

 

  5

Consolidating Balance Sheet - Liabilities and Equity

 

 

 

 

 

 

 

6

U.S. FRANCHISED ELECTRIC AND GAS

 

 

 

 

 

 

 

 

  6

Consolidating Segment Income

 

 

 

  8

Consolidating Balance Sheet - Assets

 

 

 

  9

Consolidating Balance Sheet - Liabilities and Equity

 

 

 

10

Operating Statistics (Duke Energy Carolinas)

 

 

 

12

Operating Statistics (Progress Energy Carolinas)

 

 

 

14

Operating Statistics (Progress Energy Florida)

 

 

 

16

Operating Statistics (Duke Energy Ohio - Electric)

 

 

 

18

Operating Statistics (Duke Energy Ohio - Gas)

 

 

 

19

Operating Statistics (Duke Energy Indiana)

 

 

 

 

 

 

 

21

COMMERCIAL POWER

 

 

 

 

 

 

 

21       Commercial Power Operating Statistics

 

 

 

 

 

 

22

INTERNATIONAL ENERGY

 

 

 

 

 

 

 

22       International Energy Operating Statistics

 

 

 

 

 

 

23

APPENDIX

 

 

 

 

 

 

 

23       Duke Energy Ohio Supplement

 

 

 



 

Duke Energy Corporation

CONSOLIDATING STATEMENT OF OPERATIONS

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

U.S. Franchised

 

Commercial

 

International

 

 

 

Eliminations/

 

December 31,

 

(In millions)

 

Electric and Gas

 

Power

 

Energy

 

Other

 

Adjustments

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric (a)

 

$

15,609

 

$

114

 

$

 

$

1

 

$

(103

)

$

15,621

 

Non-regulated electric, natural gas, and other

 

 

1,964

 

1,549

 

73

 

(52

)

3,534

 

Regulated natural gas

 

471

 

 

 

 

(2

)

469

 

Total operating revenues

 

16,080

 

2,078

 

1,549

 

74

 

(157

)

19,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated

 

5,582

 

 

 

 

 

5,582

 

Fuel used in electric generation and purchased power - non-regulated

 

 

1,211

 

530

 

31

 

(50

)

1,722

 

Cost of natural gas and coal sold

 

142

 

49

 

73

 

 

 

264

 

Operation, maintenance and other

 

3,885

 

453

 

335

 

440

 

(107

)

5,006

 

Depreciation and amortization

 

1,827

 

228

 

99

 

135

 

 

2,289

 

Property and other taxes

 

926

 

40

 

6

 

13

 

 

985

 

Impairment charges (b)(c)

 

581

 

 

 

85

 

 

666

 

Total operating expenses

 

12,943

 

1,981

 

1,043

 

704

 

(157

)

16,514

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

15

 

8

 

 

(7

)

 

16

 

OPERATING INCOME

 

3,152

 

105

 

506

 

(637

)

 

3,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses, net

 

341

 

39

 

171

 

16

 

 

567

 

Interest Expense

 

806

 

63

 

76

 

297

 

 

1,242

 

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

 

2,687

 

81

 

601

 

(918

)

 

2,451

 

Income Tax Expense (Benefit)

 

941

 

(7

)

149

 

(378

)

 

705

 

INCOME (LOSS) FROM CONTINUING OPERATIONS

 

1,746

 

88

 

452

 

(540

)

 

1,746

 

Less: Net Income attributable to non-controlling interest

 

2

 

1

 

13

 

(2

)

 

14

 

SEGMENT INCOME/NET EXPENSE FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

$

1,744

 

$

87

 

$

439

 

$

(538

)

$

 

$

1,732

 

Income from Discontinued Operations, net of tax

 

 

 

 

 

 

 

 

 

 

 

$

36

 

NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

 

 

 

 

 

 

 

 

 

 

$

1,768

 

 


(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).

(b) The amount for US FE&G is primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.

(c) The amount for Other is primarily due to the impairment of transmission projects included in long-term FERC mitigation costs. These amounts are recorded in the Duke Energy Carolinas and Progress Energy Carolinas legal entities but are classified in the Other segment.

 

Note: Includes Progress Energy activity beginning on July 2, 2012.

 

Consolidated Data

 

2



 

Duke Energy Corporation

CONSOLIDATING STATEMENT OF OPERATIONS

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

U.S. Franchised

 

Commercial

 

International

 

 

 

Eliminations/

 

December 30,

 

(In millions)

 

Electric and Gas

 

Power

 

Energy

 

Other

 

Adjustments

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric (a)

 

$

10,061

 

$

606

 

$

 

$

2

 

$

(80

)

$

10,589

 

Non-regulated electric, natural gas, and other

 

 

1,885

 

1,467

 

42

 

(11

)

3,383

 

Regulated natural gas

 

558

 

 

 

 

(1

)

557

 

Total operating revenues

 

10,619

 

2,491

 

1,467

 

44

 

(92

)

14,529

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated

 

3,067

 

242

 

 

 

 

3,309

 

Fuel used in electric generation and purchased power - non-regulated

 

 

1,031

 

456

 

 

1

 

1,488

 

Cost of natural gas and coal sold

 

209

 

65

 

74

 

 

 

348

 

Operation, maintenance and other

 

2,913

 

600

 

319

 

29

 

(91

)

3,770

 

Depreciation and amortization

 

1,383

 

230

 

90

 

103

 

 

1,806

 

Property and other taxes

 

653

 

44

 

7

 

1

 

(1

)

704

 

Impairment charges (b)(c)

 

247

 

88

 

 

 

 

335

 

Total operating expenses

 

8,472

 

2,300

 

946

 

133

 

(91

)

11,760

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

2

 

15

 

(1

)

(8

)

 

8

 

OPERATING INCOME (LOSS)

 

2,149

 

206

 

520

 

(97

)

(1

)

2,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses, net

 

274

 

21

 

203

 

49

 

 

547

 

Interest Expense

 

568

 

87

 

47

 

157

 

 

859

 

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

 

1,855

 

140

 

676

 

(205

)

(1

)

2,465

 

Income Tax Expense (Benefit)

 

673

 

(1

)

195

 

(114

)

(1

)

752

 

INCOME (LOSS) FROM CONTINUING OPERATIONS

 

1,182

 

141

 

481

 

(91

)

 

1,713

 

Less: Net Income (Loss) attributable to non-controlling interest

 

(1

)

7

 

15

 

(15

)

2

 

8

 

INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

1,181

 

134

 

466

 

(76

)

 

1,705

 

Income from Discontinued Operations, net of tax

 

 

 

 

 

 

 

 

 

1

 

1

 

NET INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

$

1,181

 

$

134

 

$

466

 

$

(76

)

$

1

 

$

1,706

 

 


(a) The amount for Commercial Power is primarily due to sales to Duke Energy Ohio rate regulated retail customers under the 2009-2011 ESP.

(b) The amount for US FE&G is primarily due to a non-cash impairment charge related to the Edwardsport IGCC project.

(c) The amount for Commercial Power is primarily related to non-cash impairment charge related to Emission Allowances.

 

3



 

Duke Energy Corporation

CONSOLIDATING BALANCE SHEET - ASSETS

(Unaudited)

 

 

 

U.S. Franchised

 

Commercial

 

International

 

 

 

Eliminations/

 

December 31,

 

(In millions)

 

Electric and Gas

 

Power

 

Energy

 

Other

 

Adjustments

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

222

 

$

64

 

$

731

 

$

406

 

$

1

 

$

1,424

 

Short-term investments

 

 

 

333

 

 

 

333

 

Receivables, net

 

1,081

 

99

 

259

 

77

 

 

1,516

 

Restricted receivables of variable interest entities, net

 

1,171

 

30

 

 

 

 

1,201

 

Receivables from affiliated companies

 

222

 

996

 

117

 

12,486

 

(13,821

)

 

Notes receivable from affiliated companies

 

530

 

 

 

598

 

(1,128

)

 

Inventory

 

2,987

 

126

 

94

 

15

 

1

 

3,223

 

Other

 

1,364

 

309

 

237

 

543

 

(28

)

2,425

 

Total current assets

 

7,577

 

1,624

 

1,771

 

14,125

 

(14,975

)

10,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESTMENTS AND OTHER ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in equity method unconsolidated affiliates

 

5

 

220

 

81

 

177

 

 

483

 

Investments and advances (from) to subsidiaries

 

48

 

(7

)

(11

)

41,880

 

(41,910

)

 

Nuclear decommissioning trust funds

 

4,242

 

 

 

 

 

4,242

 

Goodwill

 

15,950

 

62

 

353

 

 

 

16,365

 

Intangibles, net

 

85

 

231

 

55

 

1

 

 

372

 

Notes receivable

 

4

 

 

65

 

452

 

(450

)

71

 

Restricted other assets of variable interest entities

 

 

62

 

 

 

 

62

 

Other

 

1,461

 

6

 

331

 

588

 

13

 

2,399

 

Total investments and other assets

 

21,795

 

574

 

874

 

43,098

 

(42,347

)

23,994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPERTY, PLANT AND EQUIPMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

88,417

 

4,936

 

3,827

 

1,653

 

 

98,833

 

Cost, variable interest entities

 

16

 

1,542

 

 

 

 

1,558

 

Accumulated depreciation and amortization

 

(29,381

)

(866

)

(960

)

(761

)

(1

)

(31,969

)

Generation facilities to be retired, net

 

135

 

 

 

 

1

 

136

 

Net property, plant and equipment

 

59,187

 

5,612

 

2,867

 

892

 

 

68,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGULATORY ASSETS AND DEFERRED DEBITS

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulatory Assets

 

10,351

 

68

 

 

585

 

 

11,004

 

Other

 

114

 

42

 

 

27

 

(5

)

178

 

Total regulatory assets and deferred debits

 

10,465

 

110

 

 

612

 

(5

)

11,182

 

TOTAL ASSETS

 

99,024

 

7,920

 

5,512

 

58,727

 

(57,327

)

113,856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment reclassifications, intercompany balances and other adjustments

 

(862

)

(928

)

(106

)

(55,601

)

57,497

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REPORTABLE SEGMENT ASSETS

 

$

98,162

 

$

6,992

 

$

5,406

 

$

3,126

 

$

170

 

$

113,856

 

 

4



 

Duke Energy Corporation

CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY

(Unaudited)

 

 

 

U.S. Franchised

 

Commercial

 

International

 

 

 

Eliminations/

 

December 31,

 

(In millions)

 

Electric and Gas

 

Power

 

Energy

 

Other

 

Adjustments

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

1,916

 

$

188

 

$

44

 

$

296

 

$

 

$

2,444

 

Accounts payable to affiliated companies

 

12,788

 

53

 

6

 

913

 

(13,760

)

 

Notes payable to affiliated companies

 

511

 

168

 

 

496

 

(1,175

)

 

Notes payable and commercial paper

 

 

 

 

745

 

 

745

 

Non-recourse notes payable of variable interest entities

 

312

 

 

 

 

 

312

 

Taxes accrued (prepaid)

 

304

 

(73

)

41

 

212

 

(25

)

459

 

Interest accrued

 

280

 

6

 

22

 

140

 

 

448

 

Current maturities of long-term debt

 

2,010

 

484

 

360

 

256

 

 

3,110

 

Other

 

1,780

 

89

 

105

 

551

 

(14

)

2,511

 

Total current liabilities

 

19,901

 

915

 

578

 

3,609

 

(14,974

)

10,029

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM DEBT

 

23,930

 

452

 

709

 

10,415

 

(7

)

35,499

 

NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES

 

300

 

552

 

 

 

 

852

 

NOTES PAYABLE TO AFFILIATED COMPANIES

 

450

 

 

 

 

(450

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEFERRED CREDITS AND OTHER LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

10,907

 

1,258

 

231

 

(1,926

)

20

 

10,490

 

Investment tax credits

 

458

 

 

 

 

 

458

 

Accrued pension and other post-retirement benefit costs

 

1,838

 

56

 

1

 

627

 

(2

)

2,520

 

Asset retirement obligations

 

5,131

 

37

 

1

 

 

 

5,169

 

Regulatory Liabilities

 

5,441

 

 

 

143

 

 

5,584

 

Other

 

1,615

 

118

 

70

 

423

 

(5

)

2,221

 

Total deferred credits and other liabilities

 

25,390

 

1,469

 

303

 

(733

)

13

 

26,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PREFERRED STOCK OF SUBSIDIARIES

 

93

 

 

 

 

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Duke Energy Corporation shareholders’ equity

 

28,960

 

4,518

 

3,860

 

45,434

 

(41,909

)

40,863

 

Noncontrolling interests

 

 

14

 

62

 

2

 

 

78

 

Total equity

 

28,960

 

4,532

 

3,922

 

45,436

 

(41,909

)

40,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND EQUITY

 

99,024

 

7,920

 

5,512

 

58,727

 

(57,327

)

113,856

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment reclassifications, intercompany balances and other adjustments

 

(862

)

(928

)

(106

)

(55,601

)

57,497

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REPORTABLE SEGMENT LIABILITIES AND EQUITY

 

$

98,162

 

$

6,992

 

$

5,406

 

$

3,126

 

$

170

 

$

113,856

 

 

5



 

U.S. Franchised Electric and Gas

CONSOLIDATING SEGMENT INCOME

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

Duke Energy

 

Progress Energy

 

Progress Energy

 

Duke Energy

 

Duke Energy

 

Eliminations/

 

December 31,

 

(In millions)

 

Carolinas, LLC

 

Carolinas, Inc.

 

Florida, Inc.

 

Ohio, Inc.

 

Indiana, Inc.

 

Adjustments

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric

 

$

6,666

 

$

2,524

 

$

2,483

 

$

1,275

 

$

2,717

 

$

(56

)

$

15,609

 

Regulated natural gas

 

 

 

 

471

 

 

 

471

 

Total operating revenues

 

6,666

 

2,524

 

2,483

 

1,746

 

2,717

 

(56

)

16,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated (a)

 

1,848

 

1,025

 

1,359

 

475

 

1,088

 

(213

)

5,582

 

Cost of natural gas

 

 

 

 

142

 

 

 

142

 

Operation, maintenance and other

 

1,759

 

591

 

475

 

448

 

612

 

 

3,885

 

Depreciation and amortization

 

921

 

267

 

73

 

180

 

389

 

(3

)

1,827

 

Property and other taxes

 

363

 

109

 

173

 

197

 

80

 

4

 

926

 

Impairment charges (b)(c)

 

 

 

146

 

2

 

579

 

(146

)

581

 

Total operating expenses

 

4,891

 

1,992

 

2,225

 

1,444

 

2,748

 

(357

)

12,943

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

13

 

 

1

 

1

 

 

 

15

 

OPERATING INCOME (LOSS)

 

1,788

 

532

 

259

 

303

 

(31

)

301

 

3,152

 

OTHER INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses, net (d)

 

190

 

44

 

23

 

8

 

90

 

(14

)

341

 

Interest Expense

 

384

 

103

 

123

 

60

 

138

 

(2

)

806

 

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

 

1,594

 

473

 

159

 

251

 

(79

)

289

 

2,687

 

Income Tax Expense (Benefit)

 

560

 

155

 

52

 

92

 

(56

)

138

 

941

 

INCOME (LOSS) FROM CONTINUING OPERATIONS

 

1,034

 

318

 

107

 

159

 

(23

)

151

 

1,746

 

Less: Net Income (Loss) attributable to non-controlling interest

 

 

1

 

1

 

 

 

 

2

 

SEGMENT INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

$

1,034

 

$

317

 

$

106

 

$

159

 

$

(23

)

$

151

 

$

1,744

 

 


(a)  Elimination amount includes $100 million of purchase power refunds at Progress Energy Florida related to Crystal River Unit 3 retirement.  This amount was recorded as expense by Progress Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.

(b) The amount for Progress Energy Florida and the elimination amount are due to an impairment charge related to the decision to retire Crystal River Unit 3.  This amount was recorded as expense by Progress Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.

(c) The amount for Duke Energy Indiana is primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.

(d) Primarily due to an equity component of allowance for funds used during construction of $154 million for Duke Energy Carolinas, $37 million for Progress Energy Carolinas, $20 million for Progress Energy Florida, $6 million for Duke Energy Ohio and $84 million for Duke Energy Indiana.

 

Note: Includes Progress Energy activity beginning on July 2, 2012.

 

Consolidating Segment Income

 

6



 

U.S. Franchised Electric and Gas

CONSOLIDATING SEGMENT INCOME

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

Duke Energy

 

Duke Energy

 

Duke Energy

 

Eliminations/

 

December 31,

 

(In millions)

 

Carolinas, LLC

 

Ohio, Inc.

 

Indiana, Inc.

 

Adjustments

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

Regulated electric

 

$

6,493

 

$

916

 

$

2,622

 

$

30

 

$

10,061

 

Regulated natural gas

 

 

558

 

 

 

558

 

Total operating revenues

 

6,493

 

1,474

 

2,622

 

30

 

10,619

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated

 

1,944

 

138

 

986

 

(1

)

3,067

 

Cost of natural gas

 

 

209

 

 

 

209

 

Operation, maintenance and other

 

1,835

 

445

 

629

 

4

 

2,913

 

Depreciation and amortization

 

814

 

168

 

391

 

10

 

1,383

 

Property and other taxes

 

340

 

231

 

82

 

 

653

 

Impairment charges (a)

 

12

 

1

 

234

 

 

247

 

Total operating expenses

 

4,945

 

1,192

 

2,322

 

13

 

8,472

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

2

 

1

 

 

(1

)

2

 

OPERATING INCOME

 

1,550

 

283

 

300

 

16

 

2,149

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

Other income and expenses, net (b)

 

186

 

16

 

97

 

(25

)

274

 

Interest Expense

 

360

 

68

 

137

 

3

 

568

 

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

 

1,376

 

231

 

260

 

(12

)

1,855

 

Income Tax Expense

 

495

 

98

 

80

 

 

673

 

SEGMENT INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION

 

$

881

 

$

133

 

$

180

 

$

(13

)

$

1,181

 

 


(a) The amount for Duke Energy Indiana is primarily due to a non-cash impairment charge related to the Edwardsport IGCC project.

(b) Primarily due to an equity component of allowance for funds used during construction of $168 million for Carolinas, $4 million for Ohio and $88 million for Indiana, respectively.

 

7



 

U.S. Franchised Electric and Gas

CONSOLIDATING BALANCE SHEET - ASSETS

(Unaudited)

 

 

 

Duke Energy

 

Progress Energy

 

Progress Energy

 

Duke Energy

 

Duke Energy

 

Eliminations/

 

December 31,

 

(In millions)

 

Carolinas, LLC

 

Carolinas, Inc.

 

Florida, Inc.

 

Ohio, Inc.

 

Indiana, Inc.

 

Adjustments (a)

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

19

 

$

18

 

$

131

 

$

19

 

$

36

 

$

(1

)

$

222

 

Receivables, net

 

188

 

458

 

318

 

83

 

33

 

1

 

1,081

 

Restricted receivables of variable interest entities, net

 

637

 

 

 

 

 

534

 

1,171

 

Receivables from affiliated companies

 

28

 

150

 

20

 

134

 

104

 

(214

)

222

 

Notes receivable from affiliated companies

 

382

 

 

207

 

1

 

 

(60

)

530

 

Inventory

 

1,062

 

828

 

613

 

104

 

380

 

 

2,987

 

Other

 

421

 

313

 

351

 

96

 

138

 

45

 

1,364

 

Total current assets

 

2,737

 

1,767

 

1,640

 

437

 

691

 

305

 

7,577

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESTMENTS AND OTHER ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in equity method unconsolidated affiliates

 

1

 

2

 

2

 

 

 

 

5

 

Investments and advances to (from) subsidiaries

 

42

 

 

 

 

 

6

 

48

 

Nuclear decommissioning trust funds

 

2,354

 

1,259

 

629

 

 

 

 

4,242

 

Goodwill

 

 

 

 

921

 

 

15,029

 

15,950

 

Intangibles, net

 

14

 

5

 

22

 

2

 

41

 

1

 

85

 

Notes receivable

 

1

 

 

 

 

3

 

 

4

 

Other

 

918

 

219

 

158

 

38

 

119

 

9

 

1,461

 

Total investments and other assets

 

3,330

 

1,485

 

811

 

961

 

163

 

15,045

 

21,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPERTY, PLANT AND EQUIPMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

34,190

 

21,158

 

13,432

 

6,534

 

12,006

 

1,097

 

88,417

 

Cost, variable interest entities

 

 

16

 

 

 

 

 

16

 

Accumulated depreciation and amortization

 

(11,437

)

(8,185

)

(4,072

)

(1,995

)

(3,692

)

 

(29,381

)

Generation facilities to be retired, net

 

73

 

63

 

 

 

 

(1

)

135

 

Net property, plant and equipment

 

22,826

 

13,052

 

9,360

 

4,539

 

8,314

 

1,096

 

59,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGULATORY ASSETS AND DEFERRED DEBITS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulatory Assets

 

1,727

 

1,801

 

3,321

 

519

 

810

 

2,173

 

10,351

 

Other

 

71

 

30

 

48

 

7

 

24

 

(66

)

114

 

Total regulatory assets and deferred debits

 

1,798

 

1,831

 

3,369

 

526

 

834

 

2,107

 

10,465

 

TOTAL ASSETS

 

30,691

 

18,135

 

15,180

 

6,463

 

10,002

 

18,553

 

99,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment reclassifications, intercompany balances and other adjustments

 

(49

)

(67

)

 

(29

)

6

 

(723

)

(862

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REPORTABLE SEGMENT ASSETS

 

$

30,642

 

$

18,068

 

$

15,180

 

$

6,434

 

$

10,008

 

$

17,830

 

$

98,162

 

 


(a)  In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to mergers and acquisitions and restricted receivables related to Cinergy Receivables Company.

 

Segment Consolidating Balance Sheet

 

8



 

U.S. Franchised Electric and Gas

CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY

(Unaudited)

 

 

 

Duke Energy

 

Progress Energy

 

Progress Energy

 

Duke Energy

 

Duke Energy

 

Eliminations/

 

December 31,

 

(In millions)

 

Carolinas, LLC

 

Carolinas, Inc.

 

Florida, Inc.

 

Ohio, Inc.

 

Indiana, Inc.

 

Adjustments (a)

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

599

 

$

542

 

$

412

 

$

186

 

$

167

 

$

10

 

$

1,916

 

Accounts payable to affiliated companies

 

12

 

76

 

44

 

6

 

8

 

12,642

 

12,788

 

Notes payable to affiliated companies

 

 

364

 

 

77

 

81

 

(11

)

511

 

Non-recourse notes payable of variable interest entities

 

 

 

 

 

 

312

 

312

 

Taxes accrued

 

122

 

23

 

48

 

47

 

65

 

(1

)

304

 

Interest accrued

 

96

 

69

 

55

 

8

 

53

 

(1

)

280

 

Current maturities of long-term debt

 

406

 

407

 

435

 

261

 

405

 

96

 

2,010

 

Other

 

478

 

517

 

534

 

84

 

164

 

3

 

1,780

 

Total current liabilities

 

1,713

 

1,998

 

1,528

 

669

 

943

 

13,050

 

19,901

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM DEBT

 

7,735

 

4,433

 

4,885

 

1,340

 

3,147

 

2,390

 

23,930

 

NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES

 

300

 

 

 

 

 

 

300

 

NOTES PAYABLE TO AFFILIATED COMPANIES

 

300

 

 

 

 

150

 

 

450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEFERRED CREDITS AND OTHER LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

5,261

 

2,162

 

1,518

 

1,063

 

867

 

36

 

10,907

 

Investment tax credits

 

215

 

92

 

3

 

6

 

142

 

 

458

 

Accrued pension and other post-retirement benefit costs

 

221

 

690

 

610

 

130

 

186

 

1

 

1,838

 

Asset retirement obligations

 

1,959

 

1,649

 

764

 

23

 

37

 

699

 

5,131

 

Regulatory Liabilities

 

2,102

 

1,538

 

787

 

263

 

741

 

10

 

5,441

 

Other

 

924

 

295

 

252

 

102

 

47

 

(5

)

1,615

 

Total deferred credits and other liabilities

 

10,682

 

6,426

 

3,934

 

1,587

 

2,020

 

741

 

25,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PREFERRED STOCK OF SUBSIDIARIES

 

 

59

 

34

 

 

 

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY

 

9,961

 

5,219

 

4,799

 

2,867

 

3,742

 

2,372

 

28,960

 

TOTAL LIABILITIES AND EQUITY

 

30,691

 

18,135

 

15,180

 

6,463

 

10,002

 

18,553

 

99,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment reclassifications, intercompany balances and other adjustments

 

(49

)

(67

)

 

(29

)

6

 

(723

)

(862

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REPORTABLE SEGMENT LIABILITIES AND EQUITY

 

$

30,642

 

$

18,068

 

$

15,180

 

$

6,434

 

$

10,008

 

$

17,830

 

$

98,162

 

 


(a)  In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to the mergers and acquisitions and non-recourse notes payable of Cinergy Receivables Company.

 

9



 

Franchised Electric - Duke Energy Carolinas

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

SOURCES OF ELECTRIC ENERGY (GWH)

 

 

 

 

 

 

 

Generated - net output (a):

 

 

 

 

 

 

 

Coal

 

27,971

 

36,573

 

39,602

 

Nuclear

 

42,047

 

41,798

 

43,443

 

Hydro

 

759

 

772

 

1,191

 

Oil & gas

 

5,342

 

957

 

603

 

Renewable Energy

 

10

 

6

 

6

 

Total generation (b)

 

76,129

 

80,106

 

84,845

 

Purchased power (c) and net interchange

 

10,139

 

7,429

 

5,313

 

Total sources of energy

 

86,268

 

87,535

 

90,158

 

Less: Line loss and company usage

 

4,906

 

5,408

 

4,717

 

TOTAL GWH SOURCES

 

81,362

 

82,127

 

85,441

 

 

 

 

 

 

 

 

 

ELECTRIC ENERGY SALES (GWH)

 

 

 

 

 

 

 

Residential

 

26,279

 

28,323

 

30,049

 

General service

 

27,476

 

27,593

 

27,968

 

Industrial

 

20,978

 

20,783

 

20,618

 

Other energy and wholesale

 

6,420

 

6,197

 

6,175

 

Total GWh sales billed

 

81,153

 

82,896

 

84,810

 

Unbilled GWh sales

 

209

 

(769

)

631

 

TOTAL GWH SALES

 

81,362

 

82,127

 

85,441

 

 

 

 

 

 

 

 

 

Total Capability - Owned MW (a)

 

 

 

 

 

 

 

(time of peak)

 

 

 

 

 

 

 

Summer

 

19,575

 

19,356

 

19,908

 

Winter

 

19,829

 

19,457

 

19,916

 

 

 

 

 

 

 

 

 

Nuclear Capacity Factor (%) (d)

 

92

 

93

 

96

 

 


(a) Statistics reflect Duke Energy Carolinas’ ownership share of jointly owned stations.

(b) Generation by source is reported net of auxiliary power.

(c) Purchased Power includes Renewable Energy purchases.

(d) Statistics reflect 100% of jointly owned stations.

 

Operating Statistics

 

10



 

Franchised Electric - Duke Energy Carolinas

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

2,661

 

$

2,568

 

$

2,669

 

General service

 

2,168

 

1,962

 

1,980

 

Industrial

 

1,196

 

1,059

 

1,048

 

Other energy and wholesale

 

378

 

389

 

377

 

Total billed

 

6,403

 

5,978

 

6,074

 

Unbilled

 

25

 

(30

)

45

 

TOTAL REVENUES

 

$

6,428

 

$

5,948

 

$

6,119

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

2,053

 

2,041

 

2,034

 

General service

 

337

 

335

 

333

 

Industrial

 

7

 

7

 

8

 

Other energy and wholesale

 

14

 

14

 

14

 

TOTAL AVERAGE NUMBER OF CUSTOMERS

 

2,411

 

2,397

 

2,389

 

 

11



 

Franchised Electric - Progress Energy Carolinas

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

SOURCES OF ELECTRIC ENERGY (GWH)

 

 

 

 

 

 

 

Generated - net output (a):

 

 

 

 

 

 

 

Coal

 

20,949

 

20,948

 

30,473

 

Nuclear

 

23,032

 

25,060

 

21,624

 

Hydro

 

598

 

602

 

608

 

Oil & gas

 

10,713

 

7,495

 

5,484

 

Total generation (b)

 

55,292

 

54,105

 

58,189

 

Purchased power (c) and net interchange

 

5,512

 

4,512

 

3,985

 

Total sources of energy

 

60,804

 

58,617

 

62,174

 

Less: Line loss and company usage

 

2,414

 

2,394

 

2,472

 

TOTAL GWH SOURCES

 

58,390

 

56,223

 

59,702

 

 

 

 

 

 

 

 

 

ELECTRIC ENERGY SALES (GWH)

 

 

 

 

 

 

 

Residential

 

16,663

 

18,148

 

19,108

 

General service

 

15,062

 

15,331

 

15,634

 

Industrial

 

10,508

 

10,613

 

10,665

 

Other energy and wholesale

 

15,992

 

12,729

 

14,123

 

Total GWh sales billed

 

58,225

 

56,821

 

59,530

 

Unbilled GWh sales

 

165

 

(598

)

172

 

TOTAL GWH SALES

 

58,390

 

56,223

 

59,702

 

 

 

 

 

 

 

 

 

Total Capability - Owned MW (a) 

 

 

 

 

 

 

 

(time of peak)

 

 

 

 

 

 

 

Summer

 

12,948

 

12,958

 

12,554

 

Winter

 

13,981

 

13,906

 

13,342

 

 

 

 

 

 

 

 

 

Nuclear Capacity Factor (%) (d)

 

87

 

95

 

84

 

 


(a) Statistics include Progress Energy Carolinas’ ownership share of jointly owned stations.

(b) Generation by source is reported net of auxiliary power.

(c) Purchased Power includes Renewable Energy purchases.

(d) Statistics reflect 100% of jointly owned stations.

 

12



 

Franchised Electric - Progress Energy Carolinas

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

1,733

 

$

1,814

 

$

1,965

 

General service

 

1,274

 

1,258

 

1,335

 

Industrial

 

688

 

691

 

720

 

Other energy and wholesale

 

979

 

798

 

881

 

Total billed

 

4,674

 

4,561

 

4,901

 

Unbilled

 

10

 

(34

)

10

 

TOTAL REVENUES

 

$

4,684

 

$

4,527

 

$

4,911

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

1,231

 

1,221

 

1,216

 

General service

 

219

 

217

 

216

 

Industrial:

 

4

 

4

 

5

 

Other energy and wholesale

 

3

 

3

 

2

 

TOTAL AVERAGE NUMBER OF CUSTOMERS

 

1,457

 

1,445

 

1,439

 

 

13



 

Franchised Electric - Progress Energy Florida

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

SOURCES OF ELECTRIC ENERGY (GWH)

 

 

 

 

 

 

 

Generated - net output (a):

 

 

 

 

 

 

 

Coal

 

10,035

 

10,777

 

12,115

 

Oil & gas

 

24,115

 

23,871

 

24,755

 

Total generation (b)

 

34,150

 

34,648

 

36,870

 

Purchased power (c) and net interchange

 

6,950

 

7,815

 

9,248

 

Total sources of energy

 

41,100

 

42,463

 

46,118

 

Less: Line loss and company usage

 

2,657

 

2,885

 

2,878

 

TOTAL GWH SOURCES

 

38,443

 

39,578

 

43,240

 

 

 

 

 

 

 

 

 

ELECTRIC ENERGY SALES (GWH)

 

 

 

 

 

 

 

Residential

 

18,251

 

19,238

 

20,524

 

General service

 

14,945

 

15,091

 

15,156

 

Industrial

 

3,160

 

3,243

 

3,219

 

Other energy and wholesale

 

1,843

 

2,787

 

3,717

 

Total GWh sales billed

 

38,199

 

40,359

 

42,616

 

Unbilled GWh sales

 

244

 

(781

)

624

 

TOTAL GWH SALES

 

38,443

 

39,578

 

43,240

 

 

 

 

 

 

 

 

 

Total Capability - Owned MW (a)

 

 

 

 

 

 

 

(time of peak)

 

 

 

 

 

 

 

Summer

 

8,063

 

8,402

 

8,748

 

Winter

 

7,872

 

8,855

 

10,822

 

 


(a) Statistics reflect Progress Energy Florida’s ownership share of jointly owned stations.

(b) Generation by source is reported net of auxiliary power.

(c) Purchased Power includes Renewable Energy purchases.

 

14



 

Franchised Electric - Progress Energy Florida

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

2,405

 

$

2,463

 

$

2,785

 

General service

 

1,532

 

1,490

 

1,582

 

Industrial:

 

289

 

285

 

300

 

Other energy and wholesale

 

420

 

163

 

566

 

Total billed

 

4,646

 

4,401

 

5,233

 

Unbilled

 

19

 

(32

)

20

 

TOTAL REVENUES

 

$

4,665

 

$

4,369

 

$

5,253

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

1,464

 

1,452

 

1,445

 

General service

 

187

 

186

 

185

 

Industrial

 

3

 

2

 

2

 

Other energy and wholesale

 

2

 

2

 

2

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

1,656

 

1,642

 

1,634

 

 

15



 

Franchised Electric - Duke Energy Ohio Electric

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

SOURCES OF ELECTRIC ENERGY (GWH)

 

 

 

 

 

 

 

Generated - net output (a):

 

 

 

 

 

 

 

Coal

 

3,101

 

4,078

 

4,007

 

Oil & gas

 

11

 

38

 

39

 

Total generation (b)

 

3,112

 

4,116

 

4,046

 

Purchased power (c) and net interchange

 

1,547

 

762

 

787

 

Total sources of energy

 

4,659

 

4,878

 

4,833

 

Less: Line loss and company usage

 

236

 

193

 

145

 

TOTAL GWH SOURCES

 

4,423

 

4,685

 

4,688

 

 

 

 

 

 

 

 

 

ELECTRIC ENERGY SALES (GWH)

 

 

 

 

 

 

 

Residential

 

8,591

 

8,880

 

9,175

 

General service

 

9,375

 

9,626

 

9,744

 

Industrial

 

5,761

 

5,728

 

5,900

 

Other energy and wholesale

 

538

 

777

 

688

 

Total GWh sales billed

 

24,265

 

25,011

 

25,507

 

Unbilled GWh sales

 

79

 

(88

)

12

 

TOTAL GWH SALES

 

24,344

 

24,923

 

25,519

 

 

 

 

 

 

 

 

 

Total Capability - Owned MW (a)

 

 

 

 

 

 

 

(time of peak)

 

 

 

 

 

 

 

Summer

 

859

 

1,037

 

1,039

 

Winter

 

1,141

 

1,047

 

1,141

 

 


(a) Statistics reflect Duke Energy Ohio’s ownership share of jointly owned stations.

(b) Generation by source is reported net of auxiliary power.

(c) Purchased Power includes Renewable Energy purchases.

 

Note: Total GWH Sources will not equal Total GWH Sales.  Sources include Duke Energy Kentucky’s regulated generation for all periods.  Sales include Duke Energy Ohio’s and Duke Energy Kentucky’s retail sales.  In 2012, Ohio retail sales were fulfilled through auction purchases under the current ESP.  In 2011 and 2010, generation used to fulfill Ohio retail sales were reflected in Commercial Power.

 

16



 

Franchised Electric - Duke Energy Ohio Electric

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

  

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

658

 

$

409

 

$

412

 

General service

 

416

 

313

 

366

 

Industrial

 

102

 

96

 

119

 

Other energy and wholesale

 

21

 

28

 

25

 

Total billed

 

1,197

 

846

 

922

 

Unbilled

 

20

 

(4

)

 

TOTAL REVENUES

 

$

1,217

 

$

842

 

$

922

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

734

 

731

 

729

 

General service

 

86

 

85

 

85

 

Industrial

 

3

 

3

 

3

 

Other energy and wholesale

 

2

 

2

 

3

 

TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS

 

825

 

821

 

820

 

 

17



 

Franchised Electric - Duke Energy Ohio Gas

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

MCF SALES

 

 

 

 

 

 

 

Residential

 

30,481

 

36,549

 

37,508

 

General service

 

19,366

 

22,536

 

23,188

 

Industrial

 

5,126

 

5,457

 

5,286

 

Other energy and wholesale

 

21,744

 

20,241

 

20,091

 

Total MCF sales billed

 

76,717

 

84,783

 

86,073

 

Unbilled MCF sales

 

970

 

(1,835

)

544

 

TOTAL MCF SALES

 

77,687

 

82,948

 

86,617

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF GAS (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

316

 

$

383

 

$

409

 

General service

 

120

 

150

 

163

 

Industrial

 

16

 

20

 

21

 

Other energy and wholesale

 

17

 

18

 

18

 

Total billed

 

469

 

571

 

611

 

Unbilled

 

 

(12

)

 

TOTAL REVENUES

 

$

469

 

$

559

 

$

611

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

469

 

467

 

467

 

General service

 

44

 

44

 

44

 

Industrial

 

1

 

2

 

2

 

TOTAL AVERAGE NUMBER OF GAS CUSTOMERS

 

514

 

513

 

513

 

 

18



 

Franchised Electric - Duke Energy Indiana

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

SOURCES OF ELECTRIC ENERGY (GWH)

 

 

 

 

 

 

 

Generated - net output (a):

 

 

 

 

 

 

 

Coal

 

23,388

 

26,026

 

29,918

 

Hydro

 

371

 

306

 

359

 

Oil & gas

 

1,287

 

611

 

478

 

Total generation (b)

 

25,046

 

26,943

 

30,755

 

Purchased power (c) and net interchange

 

9,165

 

7,455

 

5,326

 

Total sources of energy

 

34,211

 

34,398

 

36,081

 

Less: Line loss and company usage

 

634

 

1,217

 

1,182

 

TOTAL GWH SOURCES

 

33,577

 

33,181

 

34,899

 

 

 

 

 

 

 

 

 

ELECTRIC ENERGY SALES (GWH)

 

 

 

 

 

 

 

Residential

 

8,867

 

9,316

 

9,609

 

General service

 

8,314

 

8,359

 

8,485

 

Industrial

 

10,412

 

10,237

 

10,082

 

Other energy and wholesale

 

5,849

 

5,424

 

6,694

 

Total GWh sales billed

 

33,442

 

33,336

 

34,870

 

Unbilled GWh sales

 

135

 

(155

)

29

 

TOTAL GWH SALES

 

33,577

 

33,181

 

34,899

 

 

 

 

 

 

 

 

 

Total Capability - Owned MW (a) 

 

 

 

 

 

 

 

(time of peak)

 

 

 

 

 

 

 

Summer

 

5,327

 

6,360

 

6,618

 

Winter

 

6,741

 

6,731

 

6,431

 

 


(a) Statistics reflect Duke Energy Indiana’s ownership share of jointly owned stations.

(b) Generation by source is reported net of auxiliary power.

(c) Purchased Power includes Renewable Energy purchases.

 

19



 

Franchised Electric - Duke Energy Indiana

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)

 

 

 

 

 

 

 

Residential

 

$

909

 

$

913

 

$

870

 

General service

 

700

 

673

 

644

 

Industrial

 

691

 

643

 

591

 

Other energy and wholesale

 

305

 

306

 

323

 

Total billed

 

2,605

 

2,535

 

2,428

 

Unbilled

 

20

 

(9

)

8

 

TOTAL REVENUES

 

$

2,625

 

$

2,526

 

$

2,436

 

 

 

 

 

 

 

 

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

 

 

 

 

 

 

Residential

 

683

 

679

 

678

 

General service

 

100

 

100

 

100

 

Industrial

 

3

 

3

 

3

 

Other energy and wholesale

 

2

 

1

 

1

 

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)

 

788

 

783

 

782

 

 

20



 

Commercial Power

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

GENERATION (GWh)

 

 

 

 

 

 

 

Coal

 

16,164

 

17,378

 

19,442

 

Gas

 

17,122

 

12,021

 

7,026

 

Renewables

 

3,452

 

3,132

 

2,286

 

Actual plant generation

 

36,738

 

32,531

 

28,754

 

 

 

 

 

 

 

 

 

Net proportional megawatt capacity in operation

 

8,094

 

8,325

 

8,272

 

 

21



 

International Energy

OPERATING STATISTICS

(Unaudited)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Sales, GWh

 

20,132

 

18,889

 

19,504

 

Net proportional megawatt capacity in operation

 

4,584

 

4,277

 

4,203

 

 

22



 

Duke Energy Ohio Supplement

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 31, 2012

(Unaudited)

 

 

 

Franchised Electric and Gas

 

 

 

 

 

 

 

 

 

Ohio

 

 

 

 

 

 

 

 

 

 

 

Transmission &

 

Duke Energy

 

Commercial

 

 

 

 

 

(In millions)

 

Distribution

 

Kentucky, Inc.

 

Power

 

Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

Regulated electric (a)

 

$

934

 

$

341

 

$

114

 

$

(3

)

$

1,386

 

Non-regulated electric and other

 

 

 

1,344

 

(49

)

1,295

 

Regulated natural gas

 

381

 

90

 

 

 

471

 

Total operating revenues

 

1,315

 

431

 

1,458

 

(52

)

3,152

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated

 

337

 

138

 

 

 

475

 

Fuel used in electric generation and purchased power - non-regulated

 

 

 

882

 

(50

)

832

 

Cost of natural gas and coal sold

 

105

 

37

 

 

 

142

 

Operation, maintenance and other

 

312

 

136

 

299

 

50

 

797

 

Depreciation and amortization

 

136

 

44

 

159

 

(1

)

338

 

Property and other taxes

 

182

 

15

 

26

 

1

 

224

 

Goodwill and other impairment charges

 

2

 

 

 

 

2

 

Total operating expenses

 

1,074

 

370

 

1,366

 

 

2,810

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

1

 

 

6

 

 

7

 

OPERATING INCOME (LOSS)

 

242

 

61

 

98

 

(52

)

349

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME AND EXPENSES, NET

 

7

 

1

 

4

 

1

 

13

 

INTEREST EXPENSE

 

42

 

18

 

28

 

1

 

89

 

INCOME (LOSS) BEFORE INCOME TAXES

 

207

 

44

 

74

 

(52

)

273

 

INCOME TAX EXPENSE (BENEFIT)

 

76

 

16

 

24

 

(18

)

98

 

INCOME FROM CONTINUING OPERATIONS

 

131

 

28

 

50

 

(34

)

175

 

INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

 

 

 

(3

)

3

 

 

NET INCOME (LOSS)

 

$

131

 

$

28

 

$

47

 

$

(31

)

$

175

 

 


(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).

 

Duke Energy Ohio Supplement

 

23



 

Duke Energy Ohio Supplement

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 30, 2011

(Unaudited)

 

 

 

Franchised Electric and Gas

 

 

 

 

 

 

 

 

 

Ohio

 

 

 

 

 

 

 

 

 

 

 

Transmission &

 

Duke Energy

 

Commercial

 

 

 

 

 

(In millions)

 

Distribution

 

Kentucky, Inc.

 

Power

 

Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING REVENUES

 

 

 

 

 

 

 

 

 

 

 

Regulated electric (a)

 

$

574

 

$

342

 

$

606

 

$

(4

)

$

1,518

 

Non-regulated electric and other

 

 

 

1,105

 

 

1,105

 

Regulated natural gas

 

444

 

114

 

 

 

558

 

Total operating revenues

 

1,018

 

456

 

1,711

 

(4

)

3,181

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

Fuel used in electric generation and purchased power - regulated

 

 

138

 

242

 

 

380

 

Fuel used in electric generation and purchased power - non-regulated

 

 

 

653

 

 

653

 

Cost of natural gas and coal sold

 

154

 

55

 

 

 

209

 

Operation, maintenance and other

 

303

 

142

 

418

 

22

 

885

 

Depreciation and amortization

 

120

 

48

 

168

 

(1

)

335

 

Property and other taxes

 

219

 

12

 

30

 

(1

)

260

 

Goodwill and other impairment charges

 

 

1

 

88

 

 

89

 

Total operating expenses

 

796

 

396

 

1,599

 

20

 

2,811

 

GAINS ON SALES OF OTHER ASSETS AND OTHER, NET

 

1

 

 

4

 

 

5

 

OPERATING INCOME (LOSS)

 

223

 

60

 

116

 

(24

)

375

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME AND EXPENSES, NET

 

13

 

3

 

4

 

(1

)

19

 

INTEREST EXPENSE

 

51

 

17

 

37

 

(1

)

104

 

INCOME (LOSS) BEFORE INCOME TAXES

 

185

 

46

 

83

 

(24

)

290

 

INCOME TAX EXPENSE (BENEFIT)

 

76

 

22

 

6

 

(8

)

96

 

INCOME FROM CONTINUING OPERATIONS

 

109

 

24

 

77

 

(16

)

194

 

INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

109

 

$

24

 

$

77

 

$

(16

)

$

194

 

 


(a) The amount for Commercial Power is primarily due to sales to Duke Energy Ohio rate regulated retail customers under the 2009-2011 ESP.

 

24