Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Variable Interest Entity [Line Items]

Schedule Of Consolidated VIEs

		December 31, 2013
(in millions)		DERF(a)		DEPR(b)		CRC		CinCapV		Renewables		Other		Total
ASSETS
Current Assets
Restricted receivables of variable interest entities		$	673	$	416	$	595	$	17	$	18	$	―	$	1,719
Other			―		―		―		10		89		2		101
Investments and Other Assets
Other			―		―		―		51		29		―		80
Property, Plant and Equipment
Property, plant and equipment, cost(c)			―		―		―		―		1,662		18		1,680
Accumulated depreciation and amortization			―		―		―		―		(170)		(5)		(175)
Regulatory Assets and Deferred Debits
Other			1		1		―		―		34		―		36
Total assets			674		417		595		78		1,662		15		3,441
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable			―		―		―		―		2		―		2
Taxes accrued			―		―		―		―		10		―		10
Current maturities of long-term debt			―		―		―		14		66		―		80
Other			―		―		―		10		17		―		27
Long-term Debt(d)			400		300		325		34		907		―		1,966
Deferred Credits and Other Liabilities
Other			1		―		―		13		333		―		347
Total liabilities			401		300		325		71		1,335		―		2,432
Net assets of consolidated variable interest entities		$	273	$	117	$	270	$	7	$	327	$	15	$	1,009
(a)	DERF is consolidated by Duke Energy Carolinas and Duke Energy.
(b)	DEPR is consolidated by Duke Energy Progress and Duke Energy.
(c)	Restricted as collateral for non-recourse debt of VIEs.
(d)	Non-recourse to the general assets of Duke Energy.

		December 31, 2012
(in millions)		DERF(a)		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
Other			―		―		62		14		2		78
Property, Plant and Equipment
Property, plant and equipment, cost(b)			―		―		―		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
Notes payable and commercial paper			―		312		―		―		―		312
Taxes accrued			―		―		―		62		―		62
Current maturities of long-term debt			―		―		13		459		―		472
Other			―		―		4		25		―		29
Long-term Debt(c)			300		―		48		504		―		852
Deferred Credits and Other Liabilities
Deferred income taxes			―		―		―		154		―		154
Asset retirement obligation			―		―		―		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
(a)	DERF is consolidated by Duke Energy Carolinas and Duke Energy.
(b)	Restricted as collateral for non-recourse debt of VIEs.
(c)	Non-recourse to the general assets of Duke Energy.

Schedule Of Non-Consolidated VIEs

		December 31, 2013
		Duke Energy
(in millions)		Renewables		Other		Total		Duke Energy Ohio(a)		Duke Energy Indiana(b)
Receivables		$	―	$	―	$	―	$	114	$	143
Investments in equity method unconsolidated affiliates			153		60		213		―		―
Intangibles			―		96		96		96		―
Investments and other assets			―		4		4		―		―
Total assets			153		160		313		210		143
Other current liabilities			―		3		3		―		―
Deferred credits and other liabilities			―		15		15		―		―
Total liabilities			―		18		18		―		―
Net assets		$	153	$	142	$	295	$	210	$	143
(a)	Reflects OVEC and retained interest in CRC.
(b)	Reflects retained interest in CRC.

		December 31, 2012
		Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust(c)		Other		Total		Duke Energy Ohio(a)		Duke Energy Indiana(b)
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)	Reflects OVEC and retained interest in CRC.
(b)	Reflects retained interest in CRC.
(c)	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]

CRC Fair Value Assumptions

Key assumptions used in estimating the fair value in 2013 and 2012 is detailed in the following table.
	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

The following table shows the gross and net receivables sold.
	Duke Energy Ohio				Duke Energy Indiana
	December 31,				December 31,
(in millions)		2013	2012		2013		2012
Receivables sold	$	290	$	282	$	340	$	289
Less: Retained interests		114		97		143		116
Net receivables sold	$	176	$	185	$	197	$	173

CRC Sales and Cash Flows

The following tables show sales and cash flows related to receivables sold.
	Duke Energy Ohio						Duke Energy Indiana
	Years Ended December 31,						Years Ended December 31,
(in millions)	2013		2012		2011		2013		2012		2011
Sales
Receivables sold	$	2,251	$	2,154	$	2,390	$	2,985	$	2,773	$	2,658
Loss recognized on sale		12		13		21		11		12		16
Cash Flows
Cash proceeds from receivables sold		2,220		2,172		2,474		2,944		2,784		2,674
Collection fees received		1		1		1		1		1		1
Return received on retained interests		5		5		12		6		7		13

Duke Energy Indiana [Member]

Variable Interest Entity [Line Items]

CRC Fair Value Assumptions

Key assumptions used in estimating the fair value in 2013 and 2012 is detailed in the following table.
	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

The following table shows the gross and net receivables sold.
	Duke Energy Ohio				Duke Energy Indiana
	December 31,				December 31,
(in millions)		2013	2012		2013		2012
Receivables sold	$	290	$	282	$	340	$	289
Less: Retained interests		114		97		143		116
Net receivables sold	$	176	$	185	$	197	$	173

CRC Sales and Cash Flows

The following tables show sales and cash flows related to receivables sold.
	Duke Energy Ohio						Duke Energy Indiana
	Years Ended December 31,						Years Ended December 31,
(in millions)	2013		2012		2011		2013		2012		2011
Sales
Receivables sold	$	2,251	$	2,154	$	2,390	$	2,985	$	2,773	$	2,658
Loss recognized on sale		12		13		21		11		12		16
Cash Flows
Cash proceeds from receivables sold		2,220		2,172		2,474		2,944		2,784		2,674
Collection fees received		1		1		1		1		1		1
Return received on retained interests		5		5		12		6		7		13