Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2017

Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities described above.



	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	December 2018		December 2018		February 2019		April 2019
Credit facility amount	$	325	$	425	$	300	$	225
Amounts borrowed at June 30, 2017	325		425		297		225
Amounts borrowed at December 31, 2016	325		425		300		225

Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of non-consolidated VIEs on the Condensed Consolidated Balance Sheets.



	June 30, 2017
	Duke Energy								Duke		Duke
	Pipeline		Commercial		Other				Energy		Energy
(in millions)	Investments		Renewables		VIEs		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	—	$	44	$	72
Investments in equity method unconsolidated affiliates	800		176		92		1,068		—		—
Other noncurrent assets	12		—		—		12		—		—
Total assets	$	812	$	176	$	92	$	1,080	$	44	$	72
Other current liabilities	10		—		—		10		—		—
Other noncurrent liabilities	—		—		13		13		—		—
Total liabilities	$	10	$	—	$	13	$	23	$	—	$	—
Net assets	$	802	$	176	$	79	$	1,057	$	44	$	72



	December 31, 2016
	Duke Energy								Duke		Duke
	Pipeline		Commercial		Other				Energy		Energy
(in millions)	Investments		Renewables		VIEs		Total		Ohio		Indiana		Piedmont^(a)
Receivables from affiliated companies	$	—	$	—	$	—	$	—	$	82	$	101	$	—
Investments in equity method unconsolidated affiliates	487		174		90		751		—		—		139
Other noncurrent assets	12		—		—		12		—		—		—
Total assets	$	499	$	174	$	90	$	763	$	82	$	101	$	139
Other current liabilities	—		—		3		3		—		—		—
Other noncurrent liabilities	—		—		13		13		—		—		4
Total liabilities	$	—	$	—	$	16	$	16	$	—	$	—	4
Net assets	$	499	$	174	$	74	$	747	$	82	$	101	$	135


(a)	In April 2017, Piedmont transferred its non-consolidated VIE investments to a wholly owned subsidiary of Duke Energy. See "Pipeline Investments" section below for additional detail.

DEFPF [Member] | Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.



(in millions)	June 30, 2017		December 31, 2016
Receivables of VIEs	$	5	$	6
Current Assets: Regulatory assets	52		50
Current Assets: Other	33		53
Other Noncurrent Assets: Regulatory assets	1,121		1,142
Current Liabilities: Other	10		17
Current maturities of long-term debt	55		62
Long-Term Debt	1,189		1,217

Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents material balances reported on Duke Energy's Condensed Consolidated Balance Sheets related to renewables VIEs.



(in millions)	June 30, 2017			December 31, 2016
Current Assets: Other	$	293		$	223
Property, plant and equipment, cost	3,695			3,419
Accumulated depreciation and amortization	(518		)	(453		)
Current maturities of long-term debt	157			198
Long-Term Debt	1,557			1,097
Deferred income taxes	300			275
Other Noncurrent Liabilities: Other	249			252

Pipeline Investments [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents the ownership interest and investment balances in these joint ventures.



	Duke Energy
			VIE Investment Amount (in millions)
	Ownership		June 30,		December 31,
Entity Name	Interest		2017		2016
ACP	47	%	$	507	$	265
Sabal Trail	7.5	%	211		140
Constitution	24	%	82		82
Total			$	800	$	487

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
	2017		2016		2017		2016
Anticipated credit loss ratio	0.5	%	0.5	%	0.3	%	0.3	%
Discount rate	1.9	%	1.5	%	1.9	%	1.5	%
Receivable turnover rate	13.4	%	13.3	%	10.7	%	10.6	%

The following table shows the gross and net receivables sold.



	Duke Energy Ohio				Duke Energy Indiana
(in millions)	June 30, 2017		December 31, 2016		June 30, 2017		December 31, 2016
Receivables sold	$	210	$	267	$	299	$	306
Less: Retained interests	44		82		72		101
Net receivables sold	$	166	$	185	$	227	$	205

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



	Duke Energy Ohio								Duke Energy Indiana
	Three Months Ended				Six Months Ended				Three Months Ended				Six Months Ended
	June 30,				June 30,				June 30,				June 30,
(in millions)	2017		2016		2017		2016		2017		2016		2017		2016
Sales
Receivables sold	$	421	$	429	$	954	$	961	$	663	$	623	$	1,327	$	1,258
Loss recognized on sale	3		2		5		5		3		2		6		5
Cash flows
Cash proceeds from receivables sold	$	428	$	427	$	987	$	964	$	658	$	612	$	1,351	$	1,255
Collection fees received	—		—		—		—		1		1		1		1
Return received on retained interests	1		—		2		1		1		1		3		2

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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