Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2012


(in millions, except per share data)			First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
2012
Operating revenues			$	3,630	$	3,577	$	6,722	$	5,695	$	19,624
Operating income				495		786		1,078		767		3,126
Income from continuing operations				297		449		594		406		1,746
Net income				299		448		598		437		1,782
Net income attributable to Duke Energy Corporation				295		444		594		435		1,768
Earnings per share:
	Income from continuing operations attributable to Duke Energy Corporation common shareholders
		Basic	$	0.66	$	0.99	$	0.84	$	0.57	$	3.01
		Diluted	$	0.66	$	0.99	$	0.84	$	0.57	$	3.01
	Net income attributable to Duke Energy Corporation common shareholders
		Basic	$	0.66	$	0.99	$	0.85	$	0.62	$	3.07
		Diluted	$	0.66	$	0.99	$	0.85	$	0.62	$	3.07

2011
Operating revenues			$	3,663	$	3,534	$	3,964	$	3,368	$	14,529
Operating income				814		679		767		517		2,777
Income from continuing operations				513		441		469		290		1,713
Net income				513		441		470		290		1,714
Net income attributable to Duke Energy Corporation				511		435		472		288		1,706
Earnings per share:
	Income from continuing operations attributable to Duke Energy Corporation common shareholders
		Basic	$	1.15	$	0.98	$	1.06	$	0.65	$	3.83
		Diluted	$	1.15	$	0.98	$	1.06	$	0.65	$	3.83
	Net income attributable to Duke Energy Corporation common shareholders
		Basic	$	1.15	$	0.98	$	1.06	$	0.65	$	3.83
		Diluted	$	1.15	$	0.98	$	1.06	$	0.65	$	3.83

(in millions)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)		$	(8)	$	(7)	$	(457)	$	(164)
Edwardsport IGCC charges (see Note 4)			(420)		—		(180)		(28)
Voluntary Opportunity Plan deferral (see Note 21)			101		—		—		—
	Total	$	(327)	$	(7)	$	(637)	$	(192)
2011
Edwardsport IGCC impairment (see Note 4)		$	—	$	—	$	(222)	$	—
Emission allowance charges (see Note 12)			—		—		(79)		—
Energy efficiency revenue adjustment^(a)			—		—		—		59
	Total	$	—	$	—	$	(301)	$	59

(a)	In the fourth quarter of 2011, Duke Energy recorded $59 million of previously deferred revenue resulting from the receipt of an order from the NCUC which allowed the recognition of revenue in excess of amounts billed to customers.

Duke Energy Carolinas [Member]

(in millions)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)		$	(4)	$	(5)	$	(184)	$	(46)
Voluntary Opportunity Plan deferral (see Note 21)			101		—		—		—
	Total	$	97	$	(5)	$	(184)	$	(46)
2011
Energy efficiency revenue adjustment^(a)		$	—	$	—	$	—	$	59

(a)	In the fourth quarter of 2011, Duke Energy Carolinas recorded $59 million of previously deferred revenue resulting from the receipt of an order from the NCUC which allowed the recognition of revenue in excess of amounts billed to customers.

Progress Energy [Member]


(in millions)			First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
2012
Operating revenues			$	2,102	$	2,288	$	2,788	$	2,227	$	9,405
Operating income				363		277		379		118		1,137
Income (loss) from continuing operations				141		68		154		(8)		355
Net income				152		64		157		34		407
Net income attributable to Parent				150		63		155		32		400
Earnings per share:
	Income from continuing operations attributable to Progress Energy common shareholders
		Basic	$	0.47	$	0.23	$	N/A	$	N/A	$	N/A
		Diluted	$	0.47	$	0.23	$	N/A	$	N/A	$	N/A
	Net income attributable to Progress Energy common shareholders
		Basic	$	0.51	$	0.21	$	N/A	$	N/A	$	N/A
		Diluted	$	0.51	$	0.21	$	N/A	$	N/A	$	N/A

2011
Operating revenues			$	2,174	$	2,269	$	2,753	$	1,752	$	8,948
Operating income				447		433		687		16		1,583
Income (loss) from continuing operations				187		180		293		(73)		587
Net income (loss)				185		178		293		(74)		582
Net income (loss) attributable to controlling interests				184		176		291		(76)		575
Earnings per share:
	Income (loss) from continuing operations attributable to controlling interests
		Basic	$	0.63	$	0.60	$	0.98	$	(0.25)	$	1.96
		Diluted	$	0.63	$	0.60	$	0.98	$	(0.25)	$	1.96
	Net income (loss) attributable to controlling interests
		Basic	$	0.62	$	0.60	$	0.98	$	(0.25)	$	1.94
		Diluted	$	0.62	$	0.60	$	0.98	$	(0.25)	$	1.94

(in millions)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)		$	(7)	$	(20)	$	(217)	$	(82)
Florida replacement power refund (see Note 4)			―		―		(100)		―
Charges related to decision to retire Crystal River Unit 3 (see Note 4)			―		―		―		(192)
	Total	$	(7)	$	(20)	$	(317)	$	(274)
2011
Florida customer refund (see Note 4)		$	―	$	―	$	―	$	(288)
CVO tender offer (see Note 15)			―		―		(59)		―
	Total	$	―	$	―	$	(59)	$	(288)

Progress Energy Carolinas [Member]

(in millions)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)	$	(4)	$	(12)	$	(180)	$	(36)

Progress Energy Florida [Member]

(in millions)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)		$	(3)	$	(8)	$	(37)	$	(46)
Florida replacement power refund (see Note 4)			―		―		(100)		―
Charges related to decision to retire Crystal River Unit 3 (see Note 4)			―		―		―		(192)
	Total	$	(3)	$	(8)	$	(137)	$	(238)
2011
Florida customer refund (see Note 4)			―		―		―		(288)

Duke Energy Ohio [Member]

(in millions)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)	$	(1)	$	(1)	$	(22)	$	(12)
2011
Emission allowance charges (see Note 12)	$	—	$	—	$	(79)	$	—

Duke Energy Indiana [Member]

(in millions)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Costs to achieve the merger (see Note 2)		$	(1)	$	(1)	$	(21)	$	(11)
Edwardsport IGCC charges (see Note 4)			(420)		—		(180)		(28)
	Total	$	(421)	$	(1)	$	(201)	$	(39)
2011
Edwardsport IGCC impairment (see Note 4)		$	—	$	—	$	(222)	$	—