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Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Notional Amounts Of Derivative Instruments Related To Interest Rate Risk


		December 31, 2013				December 31, 2012
(in millions)		Duke Energy		Duke Energy Ohio		Duke Energy		Progress Energy		Duke Energy Progress		Duke Energy Ohio		Duke Energy Indiana
Cash flow hedges^(a)		$	798	$	―	$	1,047	$	―	$	―	$	―	$	―
Undesignated contracts			34		27		290		50		50		27		200
Fair value hedges			―		―		250		―		―		250		―
	Total notional amount	$	832	$	27	$	1,587	$	50	$	50	$	277	$	200

(a)	Duke Energy includes amounts related to non-recourse variable rate long-term debt of VIEs of $584 million at December 31, 2013 and $620 million at December 31, 2012.

Underlying Notional Amounts for Commodity Derivative Instruments Accounted for at Fair Value

	December 31, 2013
	Duke Energy	Duke Energy Carolinas	Progress Energy	Duke Energy Progress	Duke Energy Florida	Duke Energy Ohio	Duke Energy Indiana
Electricity (Gigawatt-hours)^(a)	71,466	1,205	925	925	―	69,362	203
Natural gas (millions of decatherms)	636	―	363	141	222	274	―

	December 31, 2012
	Duke Energy	Duke Energy Carolinas	Progress Energy	Duke Energy Progress	Duke Energy Florida	Duke Energy Ohio	Duke Energy Indiana
Electricity (Gigawatt-hours)^(a)	52,104	2,028	1,850	1,850	―	51,215	97
Natural gas (millions of decatherms)	528	―	348	118	230	180	―

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets



	December 31,
	2013				2012
(in millions)	Asset		Liability		Asset		Liability
Derivatives Designated as Hedging Instruments
Commodity contracts
Current liabilities: other	$	―	$	1	$	―	$	2
Deferred credits and other liabilities: other		―		―		―		1
Interest rate contracts
Current assets: other		―		―		2		―
Investments and other assets: other		27		―		7		―
Current liabilities: Other		―		18		―		81
Deferred credits and other liabilities: other		―		4		―		35
Total Derivatives Designated as Hedging Instruments		27		23		9		119
Derivatives Not Designated as Hedging Instruments
Commodity contracts
Current assets: other		201		158		41		2
Investments and other assets: other		215		131		106		50
Current liabilities: other		13		153		106		407
Deferred credits and other liabilities: other		5		166		2		255
Interest rate contracts
Current liabilities: other		―		1		―		76
Deferred credits and other liabilities: other		―		4		―		8
Total Derivatives Not Designated as Hedging Instruments		434		613		255		798
Total Derivatives	$	461	$	636	$	264	$	917

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	214	$	233	$	322	$	299
Gross amounts offset		(179)		(138)		(192)		(155)
Net amount subject to master netting		35		95		130		144
Amounts not subject to master netting		―		14		4		11
Net amounts recognized on the Consolidated Balance Sheet	$	35	$	109	$	134	$	155

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	127	$	96	$	402	$	295
Gross amounts offset		(114)		(54)		(151)		(90)
Net amounts subject to master netting		13		42		251		205
Amounts not subject to master netting		22		19		166		54
Net amounts recognized on the Consolidated Balance Sheet	$	35	$	61	$	417	$	259

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations where such gains and losses are included when reclassified from AOCI.

		Years Ended December 31,
(in millions)		2013		2012		2011
Pretax Gains (Losses) Recorded in AOCI
Interest rate contracts^(a)		$	79	$	(23)	$	(88)
Commodity contracts			1		1		―
Total Pretax Gains (Losses) Recorded in AOCI		$	80	$	(22)	$	(88)
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense		$	(2)	$	2	$	(5)
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings		$	(2)	$	2	$	(5)

(a)	Reclassified to earnings as interest expense over the term of the related debt.

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


		Years Ended December 31,
(in millions)		2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Revenue: Regulated electric		$	11	$	(23)	$	―
Revenue: Nonregulated electric, natural gas and other			43		38		(59)
Other income and expenses			―		(2)		―
Fuel used in electric generation and purchased power-regulated			(200)		(194)		―
Fuel used in electric generation and purchased power - nonregulated			(100)		2		(1)
Interest rate contracts
Interest expense			(18)		(8)		―
Total Pretax (Losses) Gains Recognized in Earnings		$	(264)	$	(187)	$	(60)
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts^(a)
Regulatory assets		$	10	$	(2)	$	(1)
Regulatory liabilities			15		36		17
Interest rate contracts^(b)
Regulatory assets			55		10		(165)
Regulatory liabilities			―		―		(60)
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	80	$	44	$	(209)

(a)	Reclassified to earnings to match recovery through the fuel clause.
(b)	Reclassified to earnings as interest expense over the term of the related debt.

Schedule Of Information Regarding Derivative Instruments That Contain Credit-Risk Related Contingent Features

	December 31, 2013
(in millions)	Duke Energy		Progress Energy		Duke Energy Progress		Duke Energy Florida		Duke Energy Ohio
Aggregate fair value amounts of derivative instruments in a net liability position	$	525	$	168	$	60	$	108	$	355
Fair value of collateral already posted		135		10		―		10		125
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered		205		158		60		98		47

	December 31, 2012
(in millions)	Duke Energy		Progress Energy		Duke Energy Progress		Duke Energy Florida		Duke Energy Ohio
Aggregate fair value amounts of derivative instruments in a net liability position	$	466	$	286	$	108	$	178	$	176
Fair Value of Collateral already posted		163		59		9		50		104
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered		230		227		99		128		2

Schedule Of Cash Collateral Under Master Netting Arrangements


	December 31,
	2013				2012
(in millions)	Receivables		Payables		Receivables		Payables
Duke Energy
Amounts offset against net derivative positions	$	30	$	―	$	73	$	―
Amounts not offset against net derivative positions		122		―		93		―
Progress Energy
Amounts offset against net derivative positions	$	10	$	―	$	58	$	―
Amounts not offset against net derivative positions		―		―		1		―
Duke Energy Progress
Amounts offset against net derivative positions	$	―	$	―	$	9	$	―
Amounts not offset against net derivative positions		―		―		―		―
Duke Energy Florida
Amounts offset against net derivative positions	$	10	$	―	$	49	$	―
Amounts not offset against net derivative positions		―		―		1		―
Duke Energy Ohio
Amounts offset against net derivative positions	$	19		―	$	15	$	―
Amounts not offset against net derivative positions		115	$	―		92		―
Duke Energy Indiana
Amounts offset against net derivative positions		―		1		―		―
Amounts not offset against net derivative positions	$	1	$	―	$	―	$	―

Duke Energy Carolinas [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets


	December 31,
	2013				2012
(in millions)	Asset		Liability		Asset		Liability
Derivatives Not Designated as Hedging Instruments
Commodity contracts
Current liabilities: other		―		1		―		6
Deferred credits and other liabilities: other		―		1		―		6
Total Derivatives Not Designated as Hedging Instruments		―		2		―		12
Total Derivatives	$	―	$	2	$	―	$	12

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Amounts not subject to master netting	$	―	$	―	$	1	$	1
Net amounts recognized on the Consolidated Balance Sheet	$	―	$	―	$	1	$	1

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Amounts not subject to master netting	$	―	$	―	$	6	$	6
Net amounts recognized on the Consolidated Balance Sheet	$	―	$	―	$	6	$	6

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI.

Losses on cash flow hedges reclassified at Duke Energy Carolinas during the year ended December 31, 2013 and 2012 were not material.

	Years Ended December 31,
(in millions)	2013		2012		2011
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense	$	(3)	$	(3)	$	(5)
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings	$	(3)	$	(3)	$	(5)

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


	Years Ended December 31,
(in millions)	2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Revenue: Regulated electric	$	(12)	$	(12)	$	―
Total Pretax (Losses) Gains Recognized in Earnings	$	(12)	$	(12)	$	―
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Interest rate contracts
Regulatory assets	$	―	$	―	$	(94)
Regulatory liabilities		―		―		(60)
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities	$	―	$	―	$	(154)

Progress Energy [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets


	December 31,
	2013				2012
(in millions)	Asset		Liability		Asset		Liability
Derivatives Designated as Hedging Instruments
Commodity contracts
Current liabilities: other	$	―	$	1	$	―	$	2
Deferred credits and other liabilities: other		―		4		―		1
Total Derivatives Designated as Hedging Instruments		―		5		―		3
Derivatives Not Designated as Hedging Instruments
Commodity contracts
Current assets: other		3		2		3		―
Investments and other assets: other		2		1		8		―
Current liabilities: other		11		105		―		231
Deferred credits and other liabilities: other		4		91		―		195
Interest rate contracts
Current liabilities: other		―		―		―		11
Total Derivatives Not Designated as Hedging Instruments		20		199		11		437
Total Derivatives	$	20	$	204	$	11	$	440

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	15	$	5	$	107	$	93
Gross amounts offset		(13)		(4)		(17)		(10)
Net amount subject to master netting		2		1		90		83
Amounts not subject to master netting		―		―		―		4
Net amounts recognized on the Consolidated Balance Sheet	$	2	$	1	$	90	$	87

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	3	$	8	$	244	$	192
Gross amounts offset		―		―		(22)		(36)
Net amounts subject to master netting		3		8		222		156
Amounts not subject to master netting		―		―		―		4
Net amounts recognized on the Consolidated Balance Sheet	$	3	$	8	$	222	$	160

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheet where such gains and losses are included when reclassified from AOCI.

		Years Ended December 31,
(in millions)		2013		2012		2011
Pretax Gains (Losses) Recorded in AOCI
Commodity contracts		$	1	$	1	$	(3)
Interest rate contracts^(a)			―		(11)		(141)
Total Pretax Gains (Losses) Recorded in AOCI		$	1	$	(10)	$	(144)
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense		$	―	$	(14)	$	(13)
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings		$	―	$	(14)	$	(13)
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities^(b)
Interest rate contracts
Regulatory assets		$	―	$	(159)	$	―
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	―	$	(159)	$	―

(a)	Reclassified to earnings as interest expense over the term of the related debt.
(b)	Effective with the merger, Progress Energy no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets.

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


		Years Ended December 31,
(in millions)		2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Operating revenues		$	11	$	(11)	$	1
Fuel used in electric generation and purchased power			(200)		(454)		(297)
Other income and expenses, net			―		7		(59)
Interest rate contracts
Interest expense			(17)		(8)		―
Total Pretax (Losses) Gains Recognized in Earnings		$	(206)	$	(466)	$	(355)
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts^(a)
Regulatory assets		$	10	$	(171)	$	(502)
Interest rate contracts^(b)
Regulatory assets			18		6		―
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	28	$	(165)	$	(502)

(a)	Reclassified to earnings to match recovery through the fuel clause.
(b)	Reclassified to earnings as interest expense over the term of the related debt.

Duke Energy Progress [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets


		December 31,
		2013				2012
(in millions)		Asset		Liability		Asset		Liability
Derivatives Designated as Hedging Instruments
Commodity contracts
Current liabilities: other		$	―	$	1	$	―	$	1
Deferred credits and other liabilities: other			―		―		―		1
Total Derivatives Designated as Hedging Instruments			―		1		―		2
Derivatives Not Designated as Hedging Instruments
Commodity contracts^(a)
Current assets: other			―		―		1		―
Investments and other assets: other			2		1		1		―
Current liabilities: other			2		40		―		85
Deferred credits and other liabilities: other			2		29		―		68
Interest rate contracts
Current liabilities: other			―		―		―		11
Total Derivatives Not Designated as Hedging Instruments			6		70		2		164
Total Derivatives		$	6	$	71	$	2	$	166

(a)	Substantially all of these contracts are recorded as regulatory assets or liabilities.

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	3	$	3	$	41	$	30
Gross amounts offset		(3)		(3)		(3)		(3)
Net amount subject to master netting		―		―		38		27
Net amounts recognized on the Consolidated Balance Sheet	$	―	$	―	$	38	$	27

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	1	$	1	$	97	$	69
Gross amounts offset		―		―		(2)		(7)
Net amounts subject to master netting		1		1		95		62
Net amounts recognized on the Consolidated Balance Sheet	$	1	$	1	$	95	$	62

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI.

		Years Ended December 31,
(in millions)		2013		2012		2011
Pretax Gains (Losses) Recorded in AOCI
Interest rate contracts^(a)		$	―	$	(7)	$	(70)
Total Pretax Gains (Losses) Recorded in AOCI		$	―	$	(7)	$	(70)
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense		$	―	$	(5)	$	(7)
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings		$	―	$	(5)	$	(7)
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets or Liabilities^(b)
Interest rate contracts
Regulatory assets		$	―	$	(117)	$	―
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	―	$	(117)	$	―

(a)	Reclassified to earnings as interest expense over the term of the related debt.
(b)	Effective with the merger, Duke Energy Progress no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets.

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


		Years Ended December 31,
(in millions)		2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Operating revenues		$	11	$	(11)	$	1
Fuel used in electric generation and purchased power			(71)		(115)		(60)
Interest rate contracts
Interest expense			(13)		(6)		―
Total Pretax (Losses) Gains Recognized in Earnings		$	(73)	$	(132)	$	(59)
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts^(a)
Regulatory assets		$	(6)	$	(55)	$	(140)
Interest rate contracts^(b)
Regulatory assets			13		6		―
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	7	$	(49)	$	(140)

(a)	Reclassified to earnings to match recovery through the fuel clause.
(b)	Reclassified to earnings as interest expense over the term of the related debt.

Duke Energy Florida [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets


		December 31,
		2013				2012
(in millions)		Asset		Liability		Asset		Liability
Derivatives Designated as Hedging Instruments
Commodity contracts
Current liabilities: other		$	―	$	―	$	―	$	1
Total Derivatives Designated as Hedging Instruments			―		―		―		1
Derivatives Not Designated as Hedging Instruments
Commodity contracts^(a)
Current assets: other			3		2		2		―
Investments and other assets: other			―		―		7		―
Current liabilities: other			9		64		―		146
Deferred credits and other liabilities: other			2		63		―		123
Total Derivatives Not Designated as Hedging Instruments			14		129		9		269
Total Derivatives		$	14	$	129	$	9	$	270

(a)	Substantially all of these contracts are recorded as regulatory assets or liabilities.

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	12	$	2	$	66	$	63
Gross amounts offset		(10)		(2)		(15)		(7)
Net amount subject to master netting		2		―		51		56
Net amounts recognized on the Consolidated Balance Sheet	$	2	$	―	$	51	$	56

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	2	$	7	$	147	$	123
Gross amounts offset		―		―		(20)		(29)
Net amounts subject to master netting		2		7		127		94
Net amounts recognized on the Consolidated Balance Sheet	$	2	$	7	$	127	$	94

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income or Consolidated Balance Sheets in which such gains and losses are included when reclassified from AOCI.

		Years Ended December 31,
(in millions)		2013		2012		2011
Pretax Gains (Losses) Recorded in AOCI
Commodity contracts		$	1	$	1	$	(3)
Interest rate contracts^(a)			―		(2)		(35)
Total Pretax Gains (Losses) Recorded in AOCI		$	1	$	(1)	$	(38)
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense		$	―	$	(2)	$	(1)
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings		$	―	$	(2)	$	(1)
Location of Pretax Gains and (Losses) Reclassified from AOCI to Regulatory Assets^(b)
Interest rate contracts
Regulatory assets		$	―	$	(42)	$	―
Total Pretax Gains (Losses) Reclassified from AOCI to Regulatory Assets		$	―	$	(42)	$	―

(a)	Reclassified to earnings as interest expense over the term of the related debt.
(b)	Effective with the merger, Duke Energy Florida no longer designates interest rate derivatives for regulated operations as cash flow hedges. As a result, the pretax losses on derivatives as of the date of the merger were reclassified from AOCI to Regulatory assets.

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


		Years Ended December 31,
(in millions)		2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Fuel used in electric generation and purchased power		$	(129)	$	(339)	$	(237)
Interest rate contracts
Interest expense			(5)		(2)		―
Total Pretax (Losses) Gains Recognized in Earnings		$	(134)	$	(341)	$	(237)
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts^(a)
Regulatory assets		$	16	$	(116)	$	(362)
Interest rate contracts
Regulatory assets			5		―		―
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	21	$	(116)	$	(362)

(a)	Reclassified to earnings to match recovery through the fuel clause.

Duke Energy Ohio [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets


	December 31,
	2013				2012
(in millions)	Asset		Liability		Asset		Liability
Derivatives Designated as Hedging Instruments
Interest rate contracts
Current assets: other	$	―	$	―	$	2	$	―
Total Derivatives Designated as Hedging Instruments		―		―		2		―
Derivatives Not Designated as Hedging Instruments
Commodity contracts
Current assets: other		186		163		31		4
Investments and other assets: other		202		130		81		51
Current liabilities: other		1		36		106		132
Deferred credits and other liabilities: other		2		56		―		4
Interest rate contracts
Current liabilities: other		―		1		―		1
Deferred credits and other liabilities: other		―		4		―		7
Total Derivatives Not Designated as Hedging Instruments		391		390		218		199
Total Derivatives	$	391	$	390	$	220	$	199

Offsetting Assets and Liabilities

	December 31, 2013
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	186	$	205	$	199	$	186
Gross amounts offset		(165)		(132)		(173)		(143)
Net amount subject to master netting		21		73		26		43
Amounts not subject to master netting		―		―		1		4
Net amounts recognized on the Consolidated Balance Sheet	$	21	$	73	$	27	$	47

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Gross amounts recognized	$	137	$	81	$	136	$	55
Gross amounts offset		(110)		(51)		(125)		(51)
Net amounts subject to master netting		27		30		11		4
Amounts not subject to master netting		2		―		1		7
Net amounts recognized on the Consolidated Balance Sheet	$	29	$	30	$	12	$	11

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


	Years Ended December 31,
(in millions)	2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Revenue: Nonregulated electric, natural gas and other	$	44	$	76	$	(26)
Fuel used in electric generation and purchased power - nonregulated		(100)		2		(1)
Interest rate contracts
Interest expense		(1)		(1)		(1)
Total Pretax (Losses) Gains Recognized in Earnings	$	(57)	$	77	$	(28)
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts
Regulatory assets	$	―	$	2	$	1
Regulatory liabilities		―		(1)		―
Interest rate contracts
Regulatory assets		4		―		(4)
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities	$	4	$	1	$	(3)

Duke Energy Indiana [Member]

Derivative [Line Items]

Location And Fair Value Amounts Of Derivatives Reflected In The Condensed Consolidated Balance Sheets



	December 31,
	2013				2012
(in millions)	Asset		Liability		Asset		Liability
Derivatives Not Designated as Hedging Instruments
Commodity contracts
Current assets: other	$	12	$	―	$	10	$	―
Interest rate contracts
Current liabilities: other		―		―		―		63
Total Derivatives Not Designated as Hedging Instruments		12		―		10		63
Total Derivatives	$	12	$	―	$	10	$	63

Offsetting Assets and Liabilities

December 31, 2013

Derivative Assets

Derivative Liabilities

(in millions)

Current^(a)

Non-Current^(b)

Current^(c)

Non-Current^(d)

Gross amounts recognized

―

Gross amounts offset

(1)

―

Net amount subject to master netting

―

Net amounts recognized on the Consolidated Balance Sheet

―

	December 31, 2012
	Derivative Assets				Derivative Liabilities
(in millions)	Current^(a)		Non-Current^(b)		Current^(c)		Non-Current^(d)
Amounts not subject to master netting	$	10	$	―	$	63	$	―
Net amounts recognized on the Consolidated Balance Sheet	$	10	$	―	$	63	$	―

Cash Flow Hedges-Location And Amount Of Pre-Tax (Losses) Recognized In Comprehensive Income

The following table shows the gains and losses during the year recognized on cash flow hedges and the line items on the Consolidated Statements of Operations and Comprehensive Income where such gains and losses are included when reclassified from AOCI.

	Years Ended December 31,
(in millions)	2013		2012		2011
Location of Pretax Gains and (Losses) Reclassified from AOCI into Earnings
Interest rate contracts
Interest expense	$	3	$	3	$	2
Total Pretax Gains (Losses) Reclassified from AOCI into Earnings	$	3	$	3	$	2

Undesignated Contracts - Location And Amount Of Pre-Tax Gains And (Losses) Recognized In Income Or As Regulatory Assets Or Liabilities


		Years Ended December 31,
(in millions)		2013		2012		2011
Location of Pretax Gains and (Losses) Recognized in Earnings
Commodity contracts
Revenue, regulated electric		$	1	$	―	$	―
Total Pretax (Losses) Gains Recognized in Earnings		$	1	$	―	$	―
Location of Pretax Gains and (Losses) Recognized as Regulatory Assets or Liabilities
Commodity contracts^(a)
Regulatory assets		$	―	$	2	$	(2)
Regulatory liabilities			16		35		17
Interest rate contracts^(b)
Regulatory assets			34		4		(67)
Total Pretax Gains (Losses) Recognized as Regulatory Assets or Liabilities		$	50	$	41	$	(52)

(a)	Reclassified to earnings to match recovery through the fuel clause.
(b)	Reclassified to earnings as interest expense over the term of the related debt.