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Business Segments (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting Information [Line Items]  
Business Segment Data
The following table summarizes the net loss for Other at each of these registrants.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2014

 
2013

 
2014

 
2013

Duke Energy Carolinas
$
(19
)
 
$
(26
)
 
$
(67
)
 
$
(69
)
Progress Energy
(48
)
 
(72
)
 
(145
)
 
(205
)
Duke Energy Progress
(10
)
 
(20
)
 
(23
)
 
(40
)
Duke Energy Florida
(5
)
 
(6
)
 
(16
)
 
(18
)
Duke Energy Indiana
(3
)
 
(5
)
 
(10
)
 
(13
)
 
Three Months Ended September 30, 2014
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
5,975

 
$
366

 
$
50

 
$
6,391

 
$
4

 
$

 
$
6,395

Intersegment revenues
11

 

 

 
11

 
21

 
(32
)
 

Total revenues
$
5,986

 
$
366

 
$
50

 
$
6,402

 
$
25

 
$
(32
)
 
$
6,395

Segment income (loss)(a)
$
920

 
$
80

 
$
(17
)
 
$
983

 
$
(92
)
 
$
(3
)
 
$
888

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
3

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
378

Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,269

Segment assets
$
105,172

 
$
5,159

 
$
6,196

 
$
116,527

 
$
2,944

 
$
185

 
$
119,656


(a)    Other includes costs to achieve the Progress Energy merger.
 
Three Months Ended September 30, 2013
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)
$
5,768

 
$
370

 
$
56

 
$
6,194

 
$
23

 
$

 
$
6,217

Intersegment revenues
18

 

 
2

 
20

 
24

 
(44
)
 

Total revenues
$
5,786

 
$
370

 
$
58

 
$
6,214

 
$
47

 
$
(44
)
 
$
6,217

Segment income (loss)(a)(b)
$
923

 
$
116

 
$
(28
)
 
$
1,011

 
$
(64
)
 
$
(5
)
 
$
942

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
4

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
62

Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,008

(a)
In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities.
(b)
Other includes costs to achieve the Progress Energy merger.
 
Nine Months Ended September 30, 2014
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
17,041

 
$
1,111

 
$
195

 
$
18,347

 
$
19

 
$

 
$
18,366

Intersegment revenues
33

 

 

 
33

 
60

 
(93
)
 

Total revenues
$
17,074

 
$
1,111

 
$
195

 
$
18,380

 
$
79

 
$
(93
)
 
$
18,366

Segment income (loss)(a)(b)
$
2,346

 
$
356

 
$
(70
)
 
$
2,632

 
$
(269
)
 
$
(7
)
 
$
2,356

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
11

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(578
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,789

(a)
Commercial Power recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information.
(b)
Other includes costs to achieve the Progress Energy merger.
 
Nine Months Ended September 30, 2013
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)(b)(c)(d)
$
15,731

 
$
1,168

 
$
184

 
$
17,083

 
$
49

 
$

 
$
17,132

Intersegment revenues
35

 

 
5

 
40

 
64

 
(104
)
 

Total revenues
$
15,766

 
$
1,168

 
$
189

 
$
17,123

 
$
113

 
$
(104
)
 
$
17,132

Segment income (loss)(a)(b)(c)(d)(e)(f)
$
1,932

 
$
300

 
$
(54
)
 
$
2,178

 
$
(278
)
 
$
(10
)
 
$
1,890

Add back noncontrolling interest
 
 
 
 
 
 
 
 
 
 
 
 
12

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
82

Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,984

(a)
In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities.
(b)
In June 2013, NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates in the first year beginning in June 2013. This rate increase impacts Regulated Utilities.
(c)
In September 2013, Duke Energy Carolinas implemented revised customer rates approved by the NCUC and the PSCSC. These rate increases impact Regulated Utilities.
(d)
Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information.
(e)
Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at Harris site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information.
(f)
Other includes costs to achieve the Progress Energy merger.
Duke Energy Ohio [Member]
 
Segment Reporting Information [Line Items]  
Business Segment Data
All of Duke Energy Ohio’s revenues are generated domestically and its long-lived assets are all in the U.S.
 
Three Months Ended September 30, 2014
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
440

 
$
6

 
$
446

 
$

 
$

 
$
446

Intersegment revenues
1

 

 
1

 

 
(1
)
 

Total revenues
$
441

 
$
6

 
$
447

 
$

 
$
(1
)
 
$
446

Segment income (loss)
$
43

 
$
(13
)
 
$
30

 
$
(4
)
 
$

 
$
26

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
$
413

Net income
 
 
 
 
 
 
 
 
 
 
439

Segment assets
$
7,297

 
$
3,266

 
$
10,563

 
$
131

 
$
(622
)
 
$
10,072


 
Three Months Ended September 30, 2013
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
421

 
$
17

 
$
438

 
$

 
$

 
$
438

Total revenues
$
421

 
$
17

 
$
438

 
$

 
$

 
$
438

Segment income (loss)
$
42

 
$
(13
)
 
$
29

 
$
(5
)
 
$

 
$
24

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
35

Net income
 
 
 
 
 
 
 
 
 
 
$
59


 
Nine Months Ended September 30, 2014
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
1,416

 
$
17

 
$
1,433

 
$

 
$

 
$
1,433

Intersegment revenues
1

 

 
1

 

 
(1
)
 

Total revenues
$
1,417

 
$
17

 
$
1,434

 
$

 
$
(1
)
 
$
1,433

Segment income (loss)(a)
$
151

 
$
(101
)
 
$
50

 
$
(11
)
 
$

 
$
39

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
(597
)
Net loss
 
 
 
 
 
 
 
 
 
 
$
(558
)

a)
Duke Energy Ohio recorded a pretax impairment charge of $94 million related to reducing the carrying value of OVEC to zero. See Note 13 for additional information.
 
Nine Months Ended September 30, 2013
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
1,317

 
$
32

 
$
1,349

 
$

 
$

 
$
1,349

Total revenues
$
1,317

 
$
32

 
$
1,349

 
$

 
$

 
$
1,349

Segment income (loss)
$
122

 
$
(51
)
 
$
71

 
$
(14
)
 
$

 
$
57

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
39

Net income
 
 
 
 
 
 
 
 
 
 
$
96