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Variable Interest Entities (Tables)

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Variable Interest Entity [Line Items]


		September 30, 2013
(in millions)		DERF^(a)		CRC		CinCapV		Renewables			Other		Total
ASSETS
Current Assets
Restricted receivables of variable interest entities			703		527		17			11		―		1,258
Other			―		―		5			199		2		206
Investments and Other Assets
Intangibles, net			―		―		―			11		―		11
Restricted other assets of variable interest entities			―		―		40			12		―		52
Other			―		―		12			4		3		19
Property, Plant and Equipment
Property, Plant and Equipment, Cost			―		―		―			1,663		16		1,679
Accumulated depreciation and amortization			―		―		―			(146)		(5)		(151)
Regulatory Assets and Deferred Debits
Other			―		―		―			34		―		34
	Total Assets		703		527		74			1,788		16		3,108
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable			―		―		―			3		―		3
Non-recourse notes payable of variable interest entities			―		325		―			―		―		325
Taxes accrued			―		―		―			12		―		12
Current maturities of long-term debt			―		―		14			62		―		76
Other			―		―		5			26		―		31
Non-recourse Long-term Debt of variable interest entities			300		―		37			928		―		1,265
Deferred income taxes			―		―		―			255		―		255
Asset retirement obligations			―		―		―			25		―		25
Other			―		―		12			102		―		114
	Total Liabilities		300		325		68			1,413		―		2,106
Net Assets of Consolidated Variable Interest Entities		$	403	$	202	$	6		$	375	$	16	$	1,002

(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		CRC		CinCapV		Renewables			Other		Total
ASSETS
Current Assets
Restricted receivables of variable interest entities		$	637	$	534	$	15		$	16	$	(1)	$	1,201
Other			―		―		4			133		2		139
Investments and Other Assets
Intangibles, net			―		―		―			12		―		12
Restricted other assets of variable interest entities			―		―		52			2		―		54
Other			―		―		10			―		2		12
Property, Plant and Equipment
Property, Plant and Equipment, Cost			―		―		―			1,543		15		1,558
Accumulated depreciation and amortization			―		―		―			(98)		(5)		(103)
Regulatory Assets and Deferred Debits
Other			―		―		―			40		―		40
	Total Assets		637		534		81			1,648		13		2,913
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable			―		―		―			1		―		1
Non-recourse notes payable of variable interest entities			―		312		―			―		―		312
Taxes accrued			―		―		―			62		―		62
Current maturities of long-term debt			―		―		13			459		―		472
Other			―		―		4			25		―		29
Non-recourse Long-term Debt of variable interest entities			300		―		48			504		―		852
Deferred income taxes			―		―		―			154		―		154
Asset retirement obligations			―		―		―			23		―		23
Other			―		―		10			39		―		49
	Total Liabilities		300		312		75			1,267		―		1,954
Net Assets of Consolidated Variable Interest Entities		$	337	$	222	$	6		$	381	$	13	$	959

Schedule Of Non-Consolidated VIEs


		September 30, 2013
			Duke Energy								Duke Energy Ohio		Duke Energy Indiana
(in millions)		DukeNet		Renewables			Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―		$	―	$	―	$	―	$	75	$	114
Investments in equity method unconsolidated affiliates			113			152		25		290		―		―
Intangibles, net			―			―		100		100		98		―
Investments and other assets			―			―		4		4		―		―
	Total assets		113			152		129		394		173		114
Other current liabilities			―			―		2		2		―		―
Deferred credits and other liabilities			―			―		15		15		―		―
	Total liabilities		―			―		17		17		―		―
Net assets		$	113		$	152	$	112	$	377	$	173	$	114


		December 31, 2012
		Duke Energy											Duke Energy Ohio		Duke Energy Indiana
(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, net			―			―		―		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.

Progress Energy [Member]

Variable Interest Entity [Line Items]

Schedule Of Non-Consolidated VIEs


		December 31, 2012
		Duke Energy											Duke Energy Ohio		Duke Energy Indiana
(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, net			―			―		―		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


		September 30, 2013
			Duke Energy								Duke Energy Ohio		Duke Energy Indiana
(in millions)		DukeNet		Renewables			Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―		$	―	$	―	$	―	$	75	$	114
Investments in equity method unconsolidated affiliates			113			152		25		290		―		―
Intangibles, net			―			―		100		100		98		―
Investments and other assets			―			―		4		4		―		―
	Total assets		113			152		129		394		173		114
Other current liabilities			―			―		2		2		―		―
Deferred credits and other liabilities			―			―		15		15		―		―
	Total liabilities		―			―		17		17		―		―
Net assets		$	113		$	152	$	112	$	377	$	173	$	114


		December 31, 2012
		Duke Energy											Duke Energy Ohio		Duke Energy Indiana
(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, net			―			―		―		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)	September 30, 2013			December 31, 2012			September 30, 2013			December 31, 2012
Receivables sold		$	235		$	282		$	332		$	289
Less: Retained interests			75			97			114			116
Net receivables sold		$	160		$	185		$	218		$	173

CRC Sales and Cash Flows

	Duke Energy Ohio					Duke Energy Indiana
	Three Months Ended September 30,					Three Months Ended September 30,
(in millions)		2013		2012			2013		2012
Sales
Receivables sold		$	514	$	518		$	765	$	711
Loss recognized on sale			3		3			2		3
Cash flows
Cash proceeds from receivables sold			518		531			758		733
Collection fees received			―		―			―		―
Return received on retained interests			1		1			2		2

	Duke Energy Ohio					Duke Energy Indiana
	Nine Months Ended September 30,					Nine Months Ended September 30,
(in millions)	2013			2012		2013			2012
Sales
Receivables sold		$	1,664	$	1,618		$	2,214	$	2,118
Loss recognized on sale			9		10			8		9
Cash flows
Cash proceeds from receivables sold			1,674		1,651			2,204		2,130
Collection fees received			1		1			1		1
Return received on retained interests			4		4			5		5

Duke Energy Indiana [Member]

Variable Interest Entity [Line Items]

Schedule Of Non-Consolidated VIEs


		September 30, 2013
			Duke Energy								Duke Energy Ohio		Duke Energy Indiana
(in millions)		DukeNet		Renewables			Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―		$	―	$	―	$	―	$	75	$	114
Investments in equity method unconsolidated affiliates			113			152		25		290		―		―
Intangibles, net			―			―		100		100		98		―
Investments and other assets			―			―		4		4		―		―
	Total assets		113			152		129		394		173		114
Other current liabilities			―			―		2		2		―		―
Deferred credits and other liabilities			―			―		15		15		―		―
	Total liabilities		―			―		17		17		―		―
Net assets		$	113		$	152	$	112	$	377	$	173	$	114


		December 31, 2012
		Duke Energy											Duke Energy Ohio		Duke Energy Indiana
(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, net			―			―		―		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)	September 30, 2013			December 31, 2012			September 30, 2013			December 31, 2012
Receivables sold		$	235		$	282		$	332		$	289
Less: Retained interests			75			97			114			116
Net receivables sold		$	160		$	185		$	218		$	173

CRC Sales and Cash Flows

	Duke Energy Ohio					Duke Energy Indiana
	Three Months Ended September 30,					Three Months Ended September 30,
(in millions)		2013		2012			2013		2012
Sales
Receivables sold		$	514	$	518		$	765	$	711
Loss recognized on sale			3		3			2		3
Cash flows
Cash proceeds from receivables sold			518		531			758		733
Collection fees received			―		―			―		―
Return received on retained interests			1		1			2		2

	Duke Energy Ohio					Duke Energy Indiana
	Nine Months Ended September 30,					Nine Months Ended September 30,
(in millions)	2013			2012		2013			2012
Sales
Receivables sold		$	1,664	$	1,618		$	2,214	$	2,118
Loss recognized on sale			9		10			8		9
Cash flows
Cash proceeds from receivables sold			1,674		1,651			2,204		2,130
Collection fees received			1		1			1		1
Return received on retained interests			4		4			5		5

- 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+ Details