XML 100 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies (Table)
12 Months Ended
Dec. 31, 2015
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 not material except as presented in the table below.
(in millions)
 
Duke Energy
$
74

Duke Energy Carolinas
22

Duke Energy Ohio
42

Duke Energy Indiana
7

Schedule of Legal Reserves
The table below presents recorded reserves based on management’s best estimate of probable loss for legal matters, excluding asbestos-related reserves and the exit obligation discussed above related to the termination of an EPC contract. 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 in excess of recorded reserves is not material, other than as described above.
 
December 31,
(in millions)  
2015

 
2014

Reserves for Legal Matters
 
 
 
Duke Energy
$
166

 
$
323

Duke Energy Carolinas
11

 
72

Progress Energy
54

 
93

Duke Energy Progress
6

 
37

Duke Energy Florida
31

 
36

Duke Energy Ohio
80

 

Schedule of Purchase Power Obligations
The following table presents executory purchased power contracts with terms exceeding one year, excluding contracts classified as leases.
 
 
 
Minimum Purchase Amount at December 31, 2015
 
Contract
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Expiration
 
2016

 
2017

 
2018

 
2019

 
2020

 
Thereafter

 
Total

Duke Energy Progress(a)
2019-2031
 
$
54

 
$
60

 
$
61

 
$
62

 
$
49

 
$
363

 
$
649

Duke Energy Florida(b)
2021-2043
 
305

 
345

 
360

 
377

 
394

 
1,591

 
3,372

Duke Energy Ohio(c)(d)
2017-2018
 
236

 
195

 
59

 

 

 

 
490

(a)    Contracts represent between 15 percent and 100 percent of net plant output.
(b)     Contracts represent between 80 percent and 100 percent of net plant output.
(c)    Contracts represent between 1 percent and 11 percent of net plant output.
(d)    Excludes purchase power agreement with OVEC. See Note 17 for additional information.
Schedule of Operating Lease 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)
2015

 
2014

 
2013

Duke Energy
$
318

 
$
355

 
$
321

Duke Energy Carolinas
41

 
41

 
39

Progress Energy
230

 
257

 
225

Duke Energy Progress
149

 
161

 
153

Duke Energy Florida
81

 
96

 
72

Duke Energy Ohio
13

 
17

 
14

Duke Energy Indiana
20

 
21

 
22

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, 2015
 
 
 
Duke

 
 
 
Duke

 
Duke

 
Duke

 
Duke

 
Duke

 
Energy

 
Progress

 
Energy

 
Energy

 
Energy

 
Energy

(in millions)
Energy

 
Carolinas

 
Energy

 
Progress

 
Florida

 
Ohio

 
Indiana

2016
$
219

 
$
41

 
$
132

 
$
66

 
$
66

 
$
13

 
$
20

2017
182

 
33

 
111

 
63

 
48

 
9

 
15

2018
161

 
24

 
108

 
61

 
47

 
6

 
12

2019
146

 
21

 
102

 
56

 
46

 
4

 
8

2020
127

 
16

 
93

 
48

 
45

 
3

 
5

Thereafter
864

 
51

 
622

 
365

 
257

 
5

 
8

Total
$
1,699

 
$
186

 
$
1,168

 
$
659

 
$
509

 
$
40

 
$
68

Schedule of Future Minimum Lease Payments for Capital Leases
The following table presents future minimum lease payments under capital leases.
 
December 31, 2015
 
 
 
Duke

 
 
 
Duke

 
Duke

 
Duke

 
Duke

 
Duke

 
Energy

 
Progress

 
Energy

 
Energy

 
Energy

 
Energy

(in millions)
Energy

 
Carolinas

 
Energy

 
Progress

 
Florida

 
Ohio

 
Indiana

2016
$
173

 
$
6

 
$
46

 
$
20

 
$
26

 
$
7

 
$
3

2017
171

 
6

 
46

 
21

 
25

 
1

 
1

2018
180

 
6

 
46

 
21

 
25

 
5

 
2

2019
178

 
6

 
45

 
22

 
25

 
1

 
1

2020
182

 
5

 
46

 
21

 
25

 

 
1

Thereafter
1,176

 
30

 
367

 
272

 
95

 
1

 
43

Minimum annual payments
2,060

 
59

 
596

 
377

 
221

 
15

 
51

Less: amount representing interest
(724
)
 
(35
)
 
(295
)
 
(230
)
 
(65
)
 
(2
)
 
(38
)
Total
$
1,336

 
$
24

 
$
301

 
$
147

 
$
156

 
$
13

 
$
13

Reserve for Environmental Costs [Member]  
Valuation and Qualifying Accounts Disclosure [Line Items]  
Schedule of Legal Reserves
The following tables contain 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.
 
 
 
Duke

 
 
 
Duke

 
Duke

 
Duke

 
Duke

 
Duke

 
Energy

 
Progress

 
Energy

 
Energy

 
Energy

 
Energy

(in millions)
Energy

 
Carolinas

 
Energy

 
Progress

 
Florida

 
Ohio

 
Indiana

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

Provisions/adjustments
9

 
1

 
4

 

 
4

 
1

 
5

Cash reductions
(9
)
 
(1
)
 
(4
)
 
(2
)
 
(2
)
 
(1
)
 
(3
)
Balance at December 31, 2015
$
97

 
$
10

 
$
17

 
$
3

 
$
14

 
$
54

 
$
12