Property, Plant & Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

10. PROPERTY, PLANT AND EQUIPMENT

The following tables summarize the property, plant and equipment.

					December 31, 2013
(in millions)		Estimated Useful Life (Years)				Duke Energy		Duke Energy Carolinas		Progress Energy		Duke Energy Progress		Duke Energy Florida		Duke Energy Ohio		Duke Energy Indiana
Land					$	1,481	$	397	$	705	$	383	$	321	$	137	$	105
Plant - Regulated
	Electric generation, distribution and transmission	2	-	125		78,272		30,018		31,792		19,190		12,601		3,925		11,594
	Natural gas transmission and distribution	12	-	67		2,138		―		―		―		―		2,138		―
	Other buildings and improvements	2	-	100		1,397		447		610		282		315		190		159
Plant - Nonregulated
	Electric generation, distribution and transmission	2	-	100		6,267		―		―		―		―		4,017		―
	Other buildings and improvements	9	-	100		2,512		―		―		―		―		5		―
Nuclear fuel						2,458		1,446		1,012		1,012		―		―		―
Equipment		1	-	33		1,557		287		621		357		94		317		146
Construction in process						3,595		1,741		873		631		238		166		307
Other		5	-	33		3,438		570		867		418		294		248		178
Total property, plant and equipment(a)(d)						103,115		34,906		36,480		22,273		13,863		11,143		12,489
Total accumulated depreciation - regulated(b)(c)(d)						(31,659)		(11,894)		(13,098)		(8,623)		(4,252)		(2,160)		(3,913)
Total accumulated depreciation - nonregulated(c)(d)						(1,966)		―		―		―		―		(748)		―
Total net property, plant and equipment					$	69,490	$	23,012	$	23,382	$	13,650	$	9,611	$	8,235	$	8,576
(a)	Includes capitalized leases of $1,606 million, $53 million, $328 million, $148 million, $180 million, $96 million, and $30 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $60 million, an insignificant amount and $57 million, respectively, of accumulated amortization of capitalized leases.
(b)	Includes $1,118 million, $681 million, $438 million and $438 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively.
(c)	Includes accumulated amortization of capitalized leases of $40 million, $4 million, $21 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively.
(d)	Includes gross property, plant and equipment cost of consolidated VIEs of $1,678 million and accumulated depreciation of consolidated VIEs of $175 million at Duke Energy.

					December 31, 2012
(in millions)		Estimated Useful Life (Years)				Duke Energy		Duke Energy Carolinas		Progress Energy		Duke Energy Progress		Duke Energy Florida		Duke Energy Ohio		Duke Energy Indiana
Land					$	1,368	$	378	$	618	$	380	$	239	$	136	$	90
Plant - Regulated
	Electric generation, distribution and transmission	2	-	138		73,181		29,269		30,250		18,009		12,041		3,774		8,622
	Natural gas transmission and distribution	12	-	60		2,026		―		―		―		―		2,026		―
	Other buildings and improvements	2	-	100		1,319		444		609		283		318		125		149
Plant - Nonregulated
	Electric generation, distribution and transmission	2	-	100		6,055		―		―		―		―		3,870		―
	Other buildings and improvements	9	-	90		2,940		―		―		―		―		191		―
Nuclear fuel						2,127		1,277		850		850		―		―		―
Equipment		1	-	34		1,448		279		604		336		90		255		141
Construction in process						6,655		1,996		1,424		946		474		204		2,836
Other		5	-	60		3,272		547		791		380		270		243		174
Total property, plant and equipment(a)(d)						100,391		34,190		35,146		21,184		13,432		10,824		12,012
Total accumulated depreciation - regulated(b)(c)(d)						(29,471)		(11,437)		(12,512)		(8,185)		(4,072)		(1,995)		(3,692)
Total accumulated depreciation - nonregulated(c)(d)						(2,498)		―		―		―		―		(703)		―
Generation facilities to be retired, net						136		73		63		63		―		―		―
Total net property, plant and equipment					$	68,558	$	22,826	$	22,697	$	13,062	$	9,360	$	8,126	$	8,320
(a)	Includes capitalized leases of $1,844 million, $53 million, $339 million, $150 million, $189 million, $86 million, and $28 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida, Duke Energy Ohio, and Duke Energy Indiana, respectively, primarily in regulated plant. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $49 million, an insignificant amount and $48 million, respectively, of accumulated amortization of capitalized leases.
(b)	Includes $857 million, $557 million, $300 million and $300 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively.
(c)	Includes accumulated amortization of capitalized leases of $34 million, $3 million, $12 million and $5 million at Duke Energy, Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana, respectively.
(d)	Includes gross property, plant and equipment cost of consolidated VIEs of $1,558 million and accumulated depreciation of consolidated VIEs of $103 million at Duke Energy.

The following table presents capitalized interest, which includes the debt component of AFUDC.
	Years Ended December 31,
(in millions)		2013		2012		2011
Duke Energy	$	90	$	177	$	166
Duke Energy Carolinas		41		72		78
Progress Energy		19		41		35
Duke Energy Progress		16		23		20
Duke Energy Florida		3		18		15
Duke Energy Ohio		12		15		9
Duke Energy Indiana		9		39		33