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Variable Interest Entities (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Variable Interest Entity [Line Items]


		March 31, 2013
(in millions)		DERF^(a)		CRC		CinCapV		Renewables		Other		Total
Restricted Receivables of VIEs		$	680	$	585	$	16	$	23	$	―	$	1,304
Other Current Assets			―		―		5		208		2		215
Intangibles, net			―		―		―		11		―		11
Restricted Other Assets of VIEs			―		―		48		6		―		54
Other Assets			―		―		12		1		2		15
Property, Plant and Equipment, Cost			―		―		―		1,564		15		1,579
Accumulated Depreciation and Amortization			―		―		―		(114)		(5)		(119)
Other Deferred Debits			―		―		―		33		―		33
	Total Assets		680		585		81		1,732		14		3,092
Accounts Payable			―		―		―		2		―		2
Non-Recourse Notes Payable of VIEs			―		325		―		―		―		325
Taxes Accrued			―		―		―		3		―		3
Current Maturities of Long-Term Debt			―		―		13		52		―		65
Other Current Liabilities			―		―		6		29		―		35
Non-Recourse Long-Term Debt			300		―		44		911		―		1,255
Deferred Income Taxes			―		―		―		275		―		275
Asset Retirement Obligations			―		―		―		23		―		23
Other Liabilities			―		―		11		33		―		44
	Total Liabilities		300		325		74		1,328		―		2,027
Noncontrolling Interests			―		―		―		―		―		―
Net Assets of Consolidated VIEs		$	380	$	260	$	7	$	404	$	14	$	1,065

(a)	Duke Energy Receivables Finance Company, LLC (DERF) is a wholly owned limited liability company of Duke Energy Carolinas.


		December 31, 2012
(in millions)		DERF^(a)		CRC		CinCapV		Renewables		Other		Total
Restricted Receivables of VIEs		$	637	$	534	$	15	$	16	$	(1)	$	1,201
Other Current Assets			―		―		4		133		2		139
Intangibles, net			―		―		―		12		―		12
Restricted Other Assets of VIEs			―		―		52		2		―		54
Other Assets			―		―		10		―		2		12
Property, Plant and Equipment, Cost			―		―		―		1,543		15		1,558
Accumulated Depreciation and Amortization			―		―		―		(98)		(5)		(103)
Other Deferred Debits			―		―		―		40		―		40
	Total Assets		637		534		81		1,648		13		2,913
Accounts Payable			―		―		―		1		―		1
Non-Recourse Notes Payable of VIEs			―		312		―		―		―		312
Taxes Accrued			―		―		―		62		―		62
Current Maturities of Long-Term Debt			―		―		13		459		―		472
Other Current Liabilities			―		―		4		25		―		29
Non-Recourse Long-Term Debt			300		―		48		504		―		852
Deferred Income Taxes			―		―		―		154		―		154
Asset Retirement Obligations			―		―		―		23		―		23
Other Liabilities			―		―		10		39		―		49
	Total Liabilities		300		312		75		1,267		―		1,954
Noncontrolling Interests			―		―		―		―		―		―
Net Assets of Consolidated VIEs		$	337	$	222	$	6	$	381	$	13	$	959

(a)	DERF is a wholly owned limited liability company of Duke Energy Carolinas.

Schedule Of Non-Consolidated VIEs


		March 31, 2013
			Duke Energy
(in millions)		DukeNet		Renewables		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	115	$	135
Investments in equity method unconsolidated affiliates			117		149		27		293		―		―
Intangibles			―		―		102		102		102		―
Investments and other assets			―		―		2		2		―		―
	Total assets		117		149		131		397		217		135
Other current liabilities			―		―		1		1		―		―
Deferred credits and other liabilities			―		―		16		16		―		―
	Total liabilities		―		―		17		17		―		―
Net assets		$	117	$	149	$	114	$	380	$	217	$	135


		December 31, 2012
		Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust^(a)		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	―	$	97	$	116
Investments in equity method unconsolidated affiliates			118		147		―		27		292		―		―
Intangibles			―		―		―		104		104		104		―
Investments and other assets			―		―		9		2		11		―		―
	Total assets		118		147		9		133		407		201		116
Other current liabilities			―		―		―		3		3		―		―
Deferred credits and other liabilities			―		―		319		17		336		―		―
	Total liabilities		―		―		319		20		339		―		―
Net assets (liabilities)		$	118	$	147	$	(310)	$	113	$	68	$	201	$	116

(a)	The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy.

CRC Fair Value Assumptions


	Duke Energy Ohio				Duke Energy Indiana
	2013		2012		2013		2012
Anticipated credit loss ratio	0.6	%	0.7	%	0.3	%	0.3	%
Discount rate	1.2	%	1.2	%	1.2	%	1.2	%
Receivable turnover rate	12.8	%	12.7	%	10.3	%	10.2	%

CRC Receivables Sold

	Duke Energy Ohio				Duke Energy Indiana
(in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Receivables sold	$	304	$	282	$	317	$	289
Less: Retained interests		115		97		135		116
Net receivables sold	$	189	$	185	$	182	$	173

CRC Sales and Cash Flows

	Duke Energy Ohio				Duke Energy Indiana
	Three Months Ended March 31,				Three Months Ended March 31,
(in millions)	2013		2012		2013		2012
Sales
Receivables sold	$	638	$	610	$	747	$	706
Loss recognized on sale		3		4		3		3
Cash flows
Cash proceeds from receivables sold		617		636		725		724
Collection fees received		―		―		―		―
Return received on retained interests		1		2		2		2

Progress Energy [Member]

Variable Interest Entity [Line Items]

Schedule Of Non-Consolidated VIEs


		December 31, 2012
		Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust^(a)		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	―	$	97	$	116
Investments in equity method unconsolidated affiliates			118		147		―		27		292		―		―
Intangibles			―		―		―		104		104		104		―
Investments and other assets			―		―		9		2		11		―		―
	Total assets		118		147		9		133		407		201		116
Other current liabilities			―		―		―		3		3		―		―
Deferred credits and other liabilities			―		―		319		17		336		―		―
	Total liabilities		―		―		319		20		339		―		―
Net assets (liabilities)		$	118	$	147	$	(310)	$	113	$	68	$	201	$	116

(a)	The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy.

Duke Energy Ohio [Member]

Variable Interest Entity [Line Items]

Schedule Of Non-Consolidated VIEs


		March 31, 2013
			Duke Energy
(in millions)		DukeNet		Renewables		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	115	$	135
Investments in equity method unconsolidated affiliates			117		149		27		293		―		―
Intangibles			―		―		102		102		102		―
Investments and other assets			―		―		2		2		―		―
	Total assets		117		149		131		397		217		135
Other current liabilities			―		―		1		1		―		―
Deferred credits and other liabilities			―		―		16		16		―		―
	Total liabilities		―		―		17		17		―		―
Net assets		$	117	$	149	$	114	$	380	$	217	$	135


		December 31, 2012
		Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust^(a)		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	―	$	97	$	116
Investments in equity method unconsolidated affiliates			118		147		―		27		292		―		―
Intangibles			―		―		―		104		104		104		―
Investments and other assets			―		―		9		2		11		―		―
	Total assets		118		147		9		133		407		201		116
Other current liabilities			―		―		―		3		3		―		―
Deferred credits and other liabilities			―		―		319		17		336		―		―
	Total liabilities		―		―		319		20		339		―		―
Net assets (liabilities)		$	118	$	147	$	(310)	$	113	$	68	$	201	$	116

(a)	The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy.

CRC Fair Value Assumptions


	Duke Energy Ohio				Duke Energy Indiana
	2013		2012		2013		2012
Anticipated credit loss ratio	0.6	%	0.7	%	0.3	%	0.3	%
Discount rate	1.2	%	1.2	%	1.2	%	1.2	%
Receivable turnover rate	12.8	%	12.7	%	10.3	%	10.2	%

CRC Receivables Sold

	Duke Energy Ohio				Duke Energy Indiana
(in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Receivables sold	$	304	$	282	$	317	$	289
Less: Retained interests		115		97		135		116
Net receivables sold	$	189	$	185	$	182	$	173

CRC Sales and Cash Flows

	Duke Energy Ohio				Duke Energy Indiana
	Three Months Ended March 31,				Three Months Ended March 31,
(in millions)	2013		2012		2013		2012
Sales
Receivables sold	$	638	$	610	$	747	$	706
Loss recognized on sale		3		4		3		3
Cash flows
Cash proceeds from receivables sold		617		636		725		724
Collection fees received		―		―		―		―
Return received on retained interests		1		2		2		2

Duke Energy Indiana [Member]

Variable Interest Entity [Line Items]

Schedule Of Non-Consolidated VIEs


		March 31, 2013
			Duke Energy
(in millions)		DukeNet		Renewables		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	115	$	135
Investments in equity method unconsolidated affiliates			117		149		27		293		―		―
Intangibles			―		―		102		102		102		―
Investments and other assets			―		―		2		2		―		―
	Total assets		117		149		131		397		217		135
Other current liabilities			―		―		1		1		―		―
Deferred credits and other liabilities			―		―		16		16		―		―
	Total liabilities		―		―		17		17		―		―
Net assets		$	117	$	149	$	114	$	380	$	217	$	135


		December 31, 2012
		Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust^(a)		Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	$	―	$	―	$	―	$	97	$	116
Investments in equity method unconsolidated affiliates			118		147		―		27		292		―		―
Intangibles			―		―		―		104		104		104		―
Investments and other assets			―		―		9		2		11		―		―
	Total assets		118		147		9		133		407		201		116
Other current liabilities			―		―		―		3		3		―		―
Deferred credits and other liabilities			―		―		319		17		336		―		―
	Total liabilities		―		―		319		20		339		―		―
Net assets (liabilities)		$	118	$	147	$	(310)	$	113	$	68	$	201	$	116

(a)	The entire balance of Investments and other assets and $274 million of the Deferred credits and other liabilities balance applies to Progress Energy.

CRC Fair Value Assumptions


	Duke Energy Ohio				Duke Energy Indiana
	2013		2012		2013		2012
Anticipated credit loss ratio	0.6	%	0.7	%	0.3	%	0.3	%
Discount rate	1.2	%	1.2	%	1.2	%	1.2	%
Receivable turnover rate	12.8	%	12.7	%	10.3	%	10.2	%

CRC Receivables Sold

	Duke Energy Ohio				Duke Energy Indiana
(in millions)	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Receivables sold	$	304	$	282	$	317	$	289
Less: Retained interests		115		97		135		116
Net receivables sold	$	189	$	185	$	182	$	173

CRC Sales and Cash Flows

	Duke Energy Ohio				Duke Energy Indiana
	Three Months Ended March 31,				Three Months Ended March 31,
(in millions)	2013		2012		2013		2012
Sales
Receivables sold	$	638	$	610	$	747	$	706
Loss recognized on sale		3		4		3		3
Cash flows
Cash proceeds from receivables sold		617		636		725		724
Collection fees received		―		―		―		―
Return received on retained interests		1		2		2		2

- Definition

Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date.

+ References+ Details

- Definition

Tabular disclosure of securities financing transactions including resale and repurchase agreements, securities borrowed and lending transactions, securities received as collateral and obligations to return securities received as collateral.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7523297&loc=d3e113969-111729

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 940

-SubTopic 405

-Section 55

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6476329&loc=d3e44140-110984

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 20

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7472769&loc=d3e9760-107771

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.3,13(1))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(m))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 140

-Paragraph 17

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-BRD

-Paragraph 30, 31, 32, 33

-IssueDate 2006-05-01

-Chapter 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details