Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2015

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Carolinas and Duke Energy Progress participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Condensed Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Condensed Consolidated Statements of Operations and Comprehensive Income.

Progress Energy [Member]

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Progress [Member]

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Florida [Member]

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Ohio [Member]

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Indiana [Member]

Material amounts related to transactions with related parties included in the Condensed Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2015		2014		2015		2014
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	211	$	199	$	632	$	638
Indemnification coverages^(b)	6		5		18		16
Joint Dispatch Agreement (JDA) revenue^(c)	7		13		47		125
Joint Dispatch Agreement (JDA) expense^(c)	48		36		143		127
Progress Energy
Corporate governance and shared service expenses^(a)	$	184	$	182	$	523	$	560
Indemnification coverages^(b)	10		8		29		25
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	101	$	91	$	296	$	291
Indemnification coverages^(b)	4		4		12		13
JDA revenue^(c)	48		36		143		127
JDA expense^(c)	7		13		47		125
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	83	$	91	$	227	$	269
Indemnification coverages^(b)	6		4		17		12
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	88	$	83	$	276	$	242
Indemnification coverages^(b)	1		3		5		10
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	87	$	94	$	259	$	293
Indemnification coverages^(b)	2		3		6		8


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Condensed Consolidated Statements of Operations and Comprehensive Income.

(c)