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Income Taxes

3 Months Ended

Mar. 31, 2014

Income Taxes And Other Taxes [Abstract]

16. INCOME TAXES

The effective tax rates for each of the Duke Energy Registrants are included in the following table.


	Three Months Ended March 31,
		2014		2013
Duke Energy		58.6	%	34.2	%
Duke Energy Carolinas		37.4	%	37.1	%
Progress Energy		36.9	%	39.6	%
Duke Energy Progress		36.6	%	38.1	%
Duke Energy Florida		38.5	%	39.1	%
Duke Energy Ohio		35.4	%	37.1	%
Duke Energy Indiana		36.8	%	37.5	%

The increase in the effective tax rate for Duke Energy for the three months ended March 31, 2014 is primarily due to the first quarter of 2014 impairment of the Midwest Generation business.

The decrease in the effective tax rate for Progress Energy for the three months ended March 31, 2014 is primarily due to the reduction of state tax rates in certain jurisdictions.

The decrease in the effective tax rate for Duke Energy Progress for the three months ended March 31, 2014 is primarily due to the reduction of state tax rates in certain jurisdictions.

The decrease in the effective tax rate for Duke Energy Ohio for the three months ended March 31, 2014 is primarily due to the first quarter of 2014 impairment of the Midwest Generation business.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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