XML 127 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments and Contingencies (Table)
12 Months Ended
Dec. 31, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]  
Schedule of Additional Possible Losses in Excess of Recorded Environmental Reserves
Additional losses in excess of recorded reserves that could be incurred for the stages of investigation, remediation and monitoring for environmental sites that have been evaluated at this time are presented in the table below.
(in millions)
 
Duke Energy
$
89

Duke Energy Carolinas
25

Progress Energy
15

Duke Energy Progress
1

Duke Energy Florida
14

Duke Energy Ohio
42

Duke Energy Indiana
7

Schedule of Loss Contingencies
The table below presents recorded reserves based on management’s best estimate of probable loss for legal matters discussed above, excluding asbestos related reserves. Reserves are classified on the Consolidated Balance Sheets in Other within Deferred Credits and Other Liabilities and Accounts payable and Other within Current Liabilities. The reasonably possible range of loss for all non-asbestos related matters in excess of recorded reserves is not material.
  
December 31,
(in millions)  
2014

 
2013

Reserves for Legal Matters
  
 
  
Duke Energy
$
323

 
$
204

Duke Energy Carolinas
72

 

Progress Energy  
93

 
78

Duke Energy Progress  
37

 
10

Duke Energy Florida
36

 
43

Schedule of Purchase Obligations
The following table presents executory purchased power contracts, excluding contracts classified as leases. All contracts represent 100 percent of net plant output.
  
  
 
Minimum Purchase Amount at December 31, 2014
(in millions)  
Contract Expiration
 
2015

 
2016

 
2017

 
2018

 
2019

 
Thereafter

 
Total

Duke Energy Progress
2019-2022
 
$
59

 
60

 
$
61

 
$
62

 
$
63

 
$
93

 
$
398

Duke Energy Florida
2023-2043
 
244

 
273

 
291

 
306

 
322

 
1,907

 
3,343


Schedule of Rent Expense
The following table presents rental expense for operating leases. These amounts are included in Operation, maintenance and other on the Consolidated Statements of Operations.
  
Years Ended December 31,
(in millions)  
2014

 
2013

 
2012

Duke Energy  
$
355

 
$
321

 
$
232

Duke Energy Carolinas  
41

 
39

 
38

Progress Energy  
257

 
225

 
232

Duke Energy Progress  
161

 
153

 
164

Duke Energy Florida  
96

 
72

 
68

Duke Energy Ohio  
17

 
14

 
14

Duke Energy Indiana  
21

 
22

 
20

Schedule of Future Minimum Rental Payments for Operating Leases
The following table presents future minimum lease payments under operating leases, which at inception had a non-cancelable term of more than one year.
  
December 31, 2014
(in millions)
Duke Energy

 
Duke Energy Carolinas

 
Progress Energy

 
Duke Energy Progress

 
Duke Energy Florida

 
Duke Energy Ohio

 
Duke Energy Indiana

2015
$
205

 
$
33

 
$
129

 
$
65

 
$
64

 
$
12

 
$
17

2016
198

 
29

 
130

 
66

 
64

 
11

 
15

2017
172

 
26

 
111

 
65

 
46

 
9

 
13

2018
157

 
20

 
109

 
64

 
45

 
7

 
10

2019
148

 
17

 
103

 
58

 
45

 
6

 
9

Thereafter
938

 
64

 
709

 
421

 
288

 
18

 
9

Total
$
1,818

 
$
189

 
$
1,291

 
$
739

 
$
552

 
$
63

 
$
73

Schedule of Future Minimum Lease Payments for Capital Leases
The following table presents future minimum lease payments under capital leases.
  
December 31, 2014
(in millions)
Duke Energy

 
Duke Energy Carolinas

 
Progress Energy

 
Duke Energy Progress

 
Duke Energy Florida

 
Duke Energy Ohio

 
Duke Energy Indiana

2015
$
178

 
$
6

 
$
46

 
$
21

 
$
26

 
$
7

 
$
4

2016
188

 
6

 
47

 
21

 
26

 
7

 
4

2017
190

 
7

 
47

 
21

 
26

 
3

 
2

2018
198

 
7

 
48

 
22

 
26

 
4

 
2

2019
208

 
8

 
51

 
25

 
26

 
2

 
2

Thereafter
1,771

 
60

 
678

 
398

 
280

 

 
42

Minimum annual payments
2,733

 
94

 
917

 
508

 
410

 
23

 
56

Less: amount representing interest
(1,305
)
 
(67
)
 
(603
)
 
(361
)
 
(242
)
 
(3
)
 
(39
)
Total
$
1,428

 
$
27

 
$
314

 
$
147

 
$
168

 
$
20

 
$
17

Reserve for Environmental Costs [Member]  
Valuation and Qualifying Accounts Disclosure [Line Items]  
Schedule of Loss Contingencies
The following table contains information regarding reserves for probable and estimable costs related to the various environmental sites. These reserves are recorded in Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheets.
(in millions)
Duke Energy

 
Duke Energy Carolinas

 
Progress Energy

 
Duke Energy Progress

 
Duke Energy Florida

 
Duke Energy Ohio

 
Duke Energy Indiana

Balance at December 31, 2011
61

 
12

 
23

 
11

 
12

 
28

 
9

Provisions / adjustments
39

 
1

 
19

 
5

 
14

 
5

 
3

Cash reductions
(25
)
 
(1
)
 
(9
)
 
(2
)
 
(7
)
 
(18
)
 
(4
)
Balance at December 31, 2012
75

 
12

 
33

 
14

 
19

 
15

 
8

Provisions / adjustments
26

 

 
4

 
(1
)
 
5

 
20

 
1

Cash reductions
(22
)
 
(1
)
 
(10
)
 
(5
)
 
(5
)
 
(8
)
 
(2
)
Balance at December 31, 2013
79

 
11

 
27

 
8

 
19

 
27

 
7

Provisions / adjustments
32

 
(1
)
 
1

 
4

 
(3
)
 
28

 
4

Cash reductions
(14
)
 

 
(11
)
 
(7
)
 
(4
)
 
(1
)
 
(1
)
Balance at December 31, 2014
97

 
10

 
17

 
5

 
12

 
54

 
10