Schedule of Debt [Table Text Block] |
Summary of Debt and Related Terms | | | | | | | | | | | | | | | | | | | December 31, 2012 | (in millions) | Weighted Average Interest Rate | | Duke Energy | Duke Energy Carolinas | Progress Energy | Progress Energy Carolinas | Progress Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Unsecured debt, maturing 2013 - 2039 | 5.44 | % | | $ | 12,722 | $ | 1,159 | $ | 4,150 | $ | ― | $ | 150 | $ | 805 | $ | 1,146 | Secured debt, maturing 2013 - 2037 | 3.08 | % | | | 1,873 | | 300 | | 5 | | 5 | | ― | | ― | | ― | First mortgage bonds, maturing 2013 - 2042(a) | 5.00 | % | | | 17,856 | | 6,562 | | 8,775 | | 4,025 | | 4,750 | | 700 | | 1,819 | Capital leases, maturing 2013 - 2051(b) | 5.19 | % | | | 1,689 | | 32 | | 339 | | 150 | | 189 | | 35 | | 23 | Junior subordinated debt, maturing 2039 | 7.10 | % | | | 309 | | ― | | 309 | | ― | | ― | | ― | | ― | Other debt, maturing 2027 | 4.77 | % | | | 8 | | ― | | ― | | ― | | ― | | 8 | | ― | Tax-exempt bonds, maturing 2014 - 2041(c) | 1.39 | % | | | 2,357 | | 395 | | 910 | | 669 | | 241 | | 479 | | 573 | Non-recourse notes payable of VIEs | | | | | 312 | | ― | | ― | | ― | | ― | | ― | | ― | Notes payable and commercial paper(d) | 0.83 | % | | | 1,195 | | ― | | ― | | ― | | ― | | ― | | ― | Money pool borrowings | | | | | ― | | 300 | | 455 | | 364 | | ― | | 245 | | 231 | Fair value hedge carrying value adjustment | | | | | 12 | | 10 | | ― | | ― | | ― | | 2 | | ― | Unamortized debt discount and premium, net(e) | | | | | 2,185 | | (17) | | (60) | | (9) | | (10) | | (32) | | (9) | Total debt(f) | | | | | 40,518 | | 8,741 | | 14,883 | | 5,204 | | 5,320 | | 2,242 | | 3,783 | Short-term notes payable and commercial paper | | | | | (745) | | ― | | ― | | ― | | ― | | ― | | ― | Short-term money pool borrowings | | | ― | | ― | | (455) | | (364) | | ― | | (245) | | (81) | Current maturities of long-term debt | | | | | (3,110) | | (406) | | (843) | | (407) | | (435) | | (261) | | (405) | Short-term non-recourse notes payable of VIEs | | | | | (312) | | ― | | ― | | ― | | ― | | ― | | ― | Total long-term debt, including long-term debt of VIEs | | $ | 36,351 | $ | 8,335 | $ | 13,585 | $ | 4,433 | $ | 4,885 | $ | 1,736 | $ | 3,297 | | | | | | | | | | | | | | | | | | | | (a) | Substantially all of the Duke Energy Registrants' electric and gas plant in service is mortgaged under mortgage bond indentures. | (b) | At December 31, 2012, capital leases of Duke Energy included $158 million and $907 million of capital lease purchase accounting adjustments for Progress Energy Carolinas and Progress Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases on their financial statements because of grandfathering provisions in GAAP. | (c) | $1.558 billion, $360 million, $910 million, $669 million, $241 million and $288 million were secured by first mortgage bonds at Duke Energy, Duke Energy Carolinas, Progress Energy, Progress Energy Carolinas, Progress Energy Florida and Duke Energy Indiana, respectively, and $231 million, $27 million and $204 million were secured by a letter of credit at Duke Energy, Duke Energy Ohio, and Duke Energy Indiana, respectively. | (d) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 18 days. | (e) | At December 31, 2012, $2.311 billion in purchase accounting adjustments related to the merger with Progress Energy were reflected in the balance for Duke Energy. See Note 2 for additional information. | (f) | Includes $451 million of debt for Duke Energy that was denominated in Brazilian Reals and $61 million denominated in Chilean Pesos. |
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| | December 31, 2011 | (in millions) | Weighted Average Interest Rate | | Duke Energy | Duke Energy Carolinas | Progress Energy | Progress Energy Carolinas | Progress Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Unsecured debt, maturing 2012 - 2039 | 5.93 | % | | $ | 8,961 | $ | 2,313 | $ | 4,650 | $ | 500 | $ | 150 | $ | 1,305 | $ | 1,148 | Secured debt, maturing 2012 - 2035 | 3.70 | % | | | 1,118 | | 300 | | ― | | ― | | ― | | ― | | ― | First mortgage bonds, maturing 2013 - 2041(a) | 5.24 | % | | | 8,182 | | 5,913 | | 7,125 | | 3,025 | | 4,100 | | 700 | | 1,569 | Capital leases, maturing 2012 - 2047 | 8.10 | % | | | 306 | | 34 | | 211 | | 12 | | 199 | | 44 | | 27 | Junior subordinated debt | | | | | ― | | ― | | 309 | | ― | | ― | | ― | | ― | Other debt, maturing 2014 - 2027 | 5.25 | % | | | 82 | | ― | | 5 | | 5 | | ― | | 8 | | ― | Tax exempt bonds, maturing 2012 - 2041(b) | 1.40 | % | | | 1,515 | | 415 | | 910 | | 669 | | 241 | | 525 | | 574 | Non-recourse notes payable of VIEs | | | | | 273 | | ― | | ― | | ― | | ― | | ― | | ― | Notes payable and commercial paper(c) | 0.61 | % | | | 604 | | ― | | 671 | | 188 | | 233 | | ― | | ― | Money pool borrowings | | | | | ― | | 300 | | ― | | 31 | | 8 | | ― | | 450 | Fair value hedge carrying value adjustment | | | | | 19 | | 13 | | ― | | ― | | ― | | 7 | | ― | Unamortized debt discount and premium, net | | | | | (60) | | (14) | | (58) | | (5) | | (9) | | (34) | | (9) | Total debt(d) | | | | | 21,000 | | 9,274 | | 13,823 | | 4,425 | | 4,922 | | 2,555 | | 3,759 | Short-term notes payable and commercial paper | | | | | (154) | | ― | | (671) | | (188) | | (233) | | ― | | ― | Short-term money pool borrowings | | | | | ― | | ― | | ― | | (31) | | (8) | | ― | | (300) | Current maturities of long-term debt | | | | | (1,894) | | (1,178) | | (961) | | (502) | | (10) | | (507) | | (6) | Short-term non-recourse notes payable of VIEs | | | | | (273) | | ― | | ― | | ― | | ― | | ― | | ― | Total long-term debt, including long-term debt of VIEs | | $ | 18,679 | $ | 8,096 | $ | 12,191 | $ | 3,704 | $ | 4,671 | $ | 2,048 | $ | 3,453 | | | | | | | | | | | | | | | | | | | | (a) | Substantially all of the Duke Energy Registrants' electric and gas plant in service is mortgaged under the mortgage bond indentures. | (b) | $650 million, $360 million, $910 million, $669 million, $241 million and $289 million were secured by first mortgage bonds at Duke Energy, Duke Energy Carolinas, Progress Energy, Progress Energy Carolinas, Progress Energy Florida and Duke Energy Indiana, respectively, and $231 million, $27 million and $204 million were secured by a letter of credit at Duke Energy, Duke Energy Ohio, and Duke Energy Indiana, respectively. | (c) | Includes $450 million that was classified as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s ability and intent to refinance these balances on a long-term basis. The weighted-average days to maturity was 17 days. | (d) | Includes $420 million of debt for Duke Energy that was denominated in Brazilian Reals. |
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Schedule of Maturities of Long-term Debt [Table Text Block] |
| | December 31, 2012 | (in millions) | Duke Energy(a) | | Duke Energy Carolinas | | Progress Energy | | Progress Energy Carolinas | | Progress Energy Florida | | Duke Energy Ohio | | Duke Energy Indiana | 2013 | $ | 3,098 | | $ | 406 | | $ | 843 | | $ | 407 | | $ | 435 | | $ | 261 | | $ | 405 | 2014 | | 2,196 | | | 346 | | | 312 | | | 2 | | | 11 | | | 47 | | | 5 | 2015 | | 2,478 | | | 506 | | | 1,262 | | | 701 | | | 561 | | | 7 | | | 5 | 2016 | | 2,184 | | | 655 | | | 313 | | | 2 | | | 11 | | | 56 | | | 480 | 2017 | | 1,321 | | | 116 | | | 311 | | | 51 | | | 261 | | | 2 | | | 3 | Thereafter | | 25,873 | | | 6,712 | | | 11,387 | | | 3,677 | | | 4,041 | | | 1,624 | | | 2,804 | Total long-term debt, including current maturities | $ | 37,150 | | $ | 8,741 | | $ | 14,428 | | $ | 4,840 | | $ | 5,320 | | $ | 1,997 | | $ | 3,702 | | | | | | | | | | | | | | | | | | | | | | | (a) | At December 31, 2012, capital leases of Duke Energy included $158 million and $907 million of capital lease purchase accounting adjustments for Progress Energy Carolinas and Progress Energy Florida, respectively, related to power purchase agreements that are not accounted for as leases on their financial statements because of grandfathering provisions in GAAP. |
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