Variable Interest Entities (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Variable Interest Entities [Line Items]

Schedule Of Consolidated VIEs

		March 31, 2014
		Duke Energy
		Duke Energy Carolinas		Duke Energy Progress		Duke Energy Florida
(in millions)		DERF		DEPR		DEFR		CRC		Renewables			Other		Total
ASSETS
Current Assets
Restricted receivables of variable interest entities		$	705	$	538	$	318	$	600		$	20	$	18	$	2,199
Other			―		―		―		―			115		14		129
Investments and Other Assets
Other			―		―		―		―			26		41		67
Property, Plant and Equipment
Property, plant and equipment, cost(a)			―		―		―		―			1,663		18		1,681
Accumulated depreciation and amortization			―		―		―		―			(186)		(6)		(192)
Regulatory Assets and Deferred Debits
Other			1		1		1		―			33		―		36
Total assets			706		539		319		600			1,671		85		3,920
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable			―		―		―		―			2		―		2
Taxes accrued			―		―		―		―			4		―		4
Current maturities of long-term debt			―		―		―		―			66		15		81
Other			―		―		―		―			25		10		35
Long-term Debt(b)			400		300		225		325			907		29		2,186
Deferred Credits and Other Liabilities
Deferred income taxes			―		―		―		―			277		―		277
Asset retirement obligations			―		―		―		―			26		―		26
Other			―		1		1		―			23		10		35
Total liabilities			400		301		226		325			1,330		64		2,646
Net assets of consolidated variable interest entities		$	306	$	238	$	93	$	275		$	341	$	21	$	1,274
(a)	Restricted as collateral for non-recourse debt of VIEs.
(b)	Non-recourse to the general assets of Duke Energy, Duke Energy Carolinas, Duke Energy Progress, and Duke Energy Florida.

		December 31, 2013
		Duke Energy
		Duke Energy Carolinas		Duke Energy Progress
(in millions)		DERF		DEPR		CRC		Renewables		Other		Total
ASSETS
Current Assets
Restricted receivables of variable interest entities		$	673	$	416	$	595	$	18	$	17	$	1,719
Other			―		―		―		89		12		101
Investments and Other Assets
Other			―		―		―		29		51		80
Property, Plant and Equipment
Property, plant and equipment, cost(a)			―		―		―		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		1,662		93		3,441
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable			―		―		―		2		―		2
Taxes accrued			―		―		―		10		―		10
Current maturities of long-term debt			―		―		―		66		14		80
Other			―		―		―		17		10		27
Long-term Debt(b)			400		300		325		907		34		1,966
Deferred Credits and Other Liabilities
Deferred income taxes			―		―		―		290		―		290
Asset retirement obligations			―		―		―		26		―		26
Other			1		―		―		17		13		31
Total liabilities			401		300		325		1,335		71		2,432
Net assets of consolidated variable interest entities		$	273	$	117	$	270	$	327	$	22	$	1,009
(a)	Restricted as collateral for non-recourse debt of VIEs.
(b)	Non-recourse to the general assets of Duke Energy, Duke Energy Carolinas, and Duke Energy Progress.

Schedule Of Non-Consolidated VIEs

		March 31, 2014
		Duke Energy							Duke Energy Ohio(a)		Duke Energy Indiana(a)
(in millions)		Renewables			Other		Total
Receivables			$	―	$	―	$	―	$	127	$	134
Investments in equity method unconsolidated affiliates				152		3		155		―		―
Investments and other assets				―		4		4		―		―
Total assets				152		7		159		127		134
Other current liabilities				―		2		2		―		―
Deferred credits and other liabilities				―		14		14		―		―
Total liabilities				―		16		16		―		―
Net assets (liabilities)			$	152	$	(9)	$	143	$	127	$	134
(a)	Reflects retained interest in CRC.

		December 31, 2013
		Duke Energy							Duke Energy Ohio(a)		Duke Energy Indiana(b)
(in millions)		Renewables			Other		Total
Receivables			$	―	$	―	$	―	$	114	$	143
Investments in equity method unconsolidated affiliates				153		60		213		―		―
Intangibles, net				―		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

Duke Energy Ohio [Member]

Variable Interest Entities [Line Items]

CRC Fair Value Assumptions

Key assumptions used in estimating the fair value in 2014 and 2013 are detailed in the following table.
	Duke Energy Ohio				Duke Energy Indiana
	2014		2013		2014		2013
Anticipated credit loss ratio	0.6	%	0.6	%	0.3	%	0.3	%
Discount rate	1.2	%	1.2	%	1.2	%	1.2	%
Receivable turnover rate	12.8	%	12.8	%	10.4	%	10.3	%

CRC Receivables Sold

	Duke Energy Ohio						Duke Energy Indiana
(in millions)	March 31, 2014			December 31, 2013			March 31, 2014			December 31, 2013
Receivables sold		$	321		$	290		$	319		$	340
Less: Retained interests			127			114			134			143
Net receivables sold		$	194		$	176		$	185		$	197

CRC Sales and Cash Flows

	Duke Energy Ohio					Duke Energy Indiana
	Three Months Ended March 31,					Three Months Ended March 31,
(in millions)		2014		2013			2014		2013
Sales
Receivables sold		$	741	$	638		$	755	$	747
Loss recognized on sale			(4)		(3)			(3)		(3)
Cash flows
Cash proceeds from receivables sold			723		617			761		725
Return received on retained interests			2		1			2		2

Duke Energy Indiana [Member]

Variable Interest Entities [Line Items]

CRC Fair Value Assumptions

Key assumptions used in estimating the fair value in 2014 and 2013 are detailed in the following table.
	Duke Energy Ohio				Duke Energy Indiana
	2014		2013		2014		2013
Anticipated credit loss ratio	0.6	%	0.6	%	0.3	%	0.3	%
Discount rate	1.2	%	1.2	%	1.2	%	1.2	%
Receivable turnover rate	12.8	%	12.8	%	10.4	%	10.3	%

CRC Receivables Sold

	Duke Energy Ohio						Duke Energy Indiana
(in millions)	March 31, 2014			December 31, 2013			March 31, 2014			December 31, 2013
Receivables sold		$	321		$	290		$	319		$	340
Less: Retained interests			127			114			134			143
Net receivables sold		$	194		$	176		$	185		$	197

CRC Sales and Cash Flows

	Duke Energy Ohio					Duke Energy Indiana
	Three Months Ended March 31,					Three Months Ended March 31,
(in millions)		2014		2013			2014		2013
Sales
Receivables sold		$	741	$	638		$	755	$	747
Loss recognized on sale			(4)		(3)			(3)		(3)
Cash flows
Cash proceeds from receivables sold			723		617			761		725
Return received on retained interests			2		1			2		2