Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)

The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources and employee benefits, information technology, 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.

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)


(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)

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)


(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)

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)


(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)

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)


(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)

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

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 March 31,
(in millions)	2016		2015
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	217	$	219
Indemnification coverages^(b)	5		6
Joint Dispatch Agreement (JDA) revenue^(c)	9		26
JDA expense^(c)	41		57
Progress Energy
Corporate governance and shared service expenses^(a)	$	174	$	167
Indemnification coverages^(b)	9		10
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	100	$	101
Indemnification coverages^(b)	4		4
JDA revenue^(c)	41		57
JDA expense^(c)	9		26
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	74	$	66
Indemnification coverages^(b)	5		6
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	85	$	85
Indemnification coverages^(b)	1		3
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	94	$	89
Indemnification coverages^(b)	2		2

(a)


(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)

Intercompany Income Tax Receivable/Payable

The following table includes the balance of intercompany income tax receivables and payables for the Subsidiary Registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
March 31, 2016
Intercompany income tax receivable	$	—	$	170	$	22	$	16	$	—	$	—
Intercompany income tax payable	6		—		—		—		9		60

December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47