Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2016

Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of VIEs consolidated by Duke Energy and the Subsidiary Registrants on the Condensed Consolidated Balance Sheets.

	March 31, 2016
	Duke Energy
	Duke		Duke		Duke
	Energy		Energy		Energy
	Carolinas		Progress(c)		Florida(c)
(in millions)	DERF		DEPR		DEFR		CRC		Renewables			Other			Total
ASSETS
Current Assets
Cash and Cash Equivalents	$	—	$	—	$	—	$	—	$	—		$	2		$	2
Restricted receivables of variable interest entities (net of allowance for doubtful accounts)	615		372		256		437		20			14			1,714
Other	—		—		—		—		149			2			151
Investments and Other Assets
Other	—		—		—		—		58			—			58
Property, Plant and Equipment
Property, plant and equipment, cost(a)	—		—		—		—		2,027			20			2,047
Accumulated depreciation and amortization	—		—		—		—		(340		)	(6		)	(346		)
Total assets	$	615	$	372	$	256	$	437	$	1,914		$	32		$	3,626
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	—	$	—	$	—	$	—	$	23		$	—		$	23
Taxes accrued	—		—		—		—		4			—			4
Current maturities of long-term debt	—		—		—		—		82			12			94
Other	—		—		—		—		22			—			22
Long-Term Debt(b)	425		300		225		325		995			—			2,270
Deferred Credits and Other Liabilities
Deferred income taxes	—		—		—		—		240			—			240
Asset retirement obligations	—		—		—		—		37			—			37
Other	—		—		—		—		42			—			42
Total liabilities	$	425	$	300	$	225	$	325	$	1,445		$	12		$	2,732
Net assets of consolidated variable interest entities	$	190	$	72	$	31	$	112	$	469		$	20		$	894

	December 31, 2015
	Duke Energy
	Duke		Duke		Duke
	Energy		Energy		Energy
	Carolinas		Progress(c)		Florida(c)
(in millions)	DERF		DEPR		DEFR		CRC		Renewables			Other			Total
ASSETS
Current Assets
Cash and Cash Equivalents	$	—	$	—	$	—	$	—	$	—		$	2		$	2
Restricted receivables of variable interest entities (net of allowance for doubtful accounts)	596		349		309		454		19			21			1,748
Other	—		—		—		—		138			4			142
Investments and Other Assets
Other	—		—		—		—		70			—			70
Property, Plant and Equipment
Property, plant and equipment, cost(a)	—		—		—		—		2,015			20			2,035
Accumulated depreciation and amortization	—		—		—		—		(321		)	(6		)	(327		)
Total assets	$	596	$	349	$	309	$	454	$	1,921		$	41		$	3,670
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	—	$	—	$	—	$	—	$	35		$	—		$	35
Taxes accrued	5		3		—		—		5			1			14
Current maturities of long-term debt	—		—		—		—		108			17			125
Other	—		—		—		—		15			2			17
Long-Term Debt(b)	425		254		225		325		968			—			2,197
Deferred Credits and Other Liabilities
Deferred income taxes	—		—		—		—		289			—			289
Asset retirement obligations	—		—		—		—		35			—			35
Other	—		—		—		—		33			—			33
Total liabilities	$	430	$	257	$	225	$	325	$	1,488		$	20		$	2,745
Net assets of consolidated variable interest entities	$	166	$	92	$	84	$	129	$	433		$	21		$	925

(a)    Restricted as collateral for nonrecourse debt of VIEs.

(b)    Nonrecourse to the general assets of the applicable registrant.

(c) The amount for Progress Energy is equal to the total amount for Duke Energy Progress and Duke Energy Florida.

The following table summarizes the amounts and expiration dates of the credit facilities reflected on the Condensed Consolidated Balance Sheets as Long-Term Debt.

	DERF		DEPR		DEFR
Credit facility amount (in millions)	$	425	$	300	$	225
Expiration date	December 2018		February 2019		April 2019

Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables include VIEs not consolidated and how these entities impact the Condensed Consolidated Balance Sheets.

	March 31, 2016
	Duke Energy						Duke		Duke
							Energy		Energy
(in millions)	Renewables		Other		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	39	$	50
Investments in equity method unconsolidated affiliates	227		186		413		—		—
Total assets	$	227	$	186	$	413	$	39	$	50
Other current liabilities	—		2		2		—		—
Deferred credits and other liabilities	—		14		14		—		—
Total liabilities	$	—	$	16	$	16	$	—	$	—
Net assets	$	227	$	170	$	397	$	39	$	50

	December 31, 2015
	Duke Energy						Duke		Duke
							Energy		Energy
(in millions)	Renewables		Other		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	47	$	60
Investments in equity method unconsolidated affiliates	235		152		387		—		—
Total assets	$	235	$	152	$	387	$	47	$	60
Other current liabilities	—		3		3		—		—
Deferred credits and other liabilities	—		14		14		—		—
Total liabilities	$	—	$	17	$	17	$	—	$	—
Net assets	$	235	$	135	$	370	$	47	$	60

Cinergy Receivables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

Key assumptions used in estimating fair value are detailed in the following table.

	Duke Energy Ohio				Duke Energy Indiana
	2016		2015		2016		2015
Anticipated credit loss ratio	0.6	%	0.6	%	0.3	%	0.3	%
Discount rate	1.4	%	1.2	%	1.4	%	1.2	%
Receivable turnover rate	13.2	%	12.9	%	10.6	%	10.6	%

The following table shows the gross and net receivables sold.

	Duke Energy Ohio				Duke Energy Indiana
(in millions)	March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015
Receivables sold	$	225	$	233	$	253	$	260
Less: Retained interests	39		47		50		60
Net receivables sold	$	186	$	186	$	203	$	200

The following table shows sales and cash flows related to receivables sold.

	Duke Energy Ohio				Duke Energy Indiana
	Three Months Ended				Three Months Ended
	March 31,				March 31,
(in millions)	2016		2015		2016		2015
Sales
Receivables sold	$	532	$	644	$	635	$	716
Loss recognized on sale	3		3		3		3
Cash flows
Cash proceeds from receivables sold	537		640		643		722
Return received on retained interests	1		1		1		2