Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2018

Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

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



	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	December 2020		December 2020		February 2021		April 2021
Credit facility amount	$	325	$	450	$	300	$	225
Amounts borrowed at September 30, 2018	325		450		300		225
Amounts borrowed at December 31, 2017	325		450		300		225
Restricted Receivables at September 30, 2018	504		795		635		456
Restricted Receivables at December 31, 2017	545		640		459		317

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.



	September 30, 2018
	Duke Energy								Duke		Duke
	Pipeline		Commercial		Other				Energy		Energy
(in millions)	Investments^(a)		Renewables		VIEs		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	—	$	56	$	94
Investments in equity method unconsolidated affiliates	729		190		47		966		—		—
Total assets	$	729	$	190	$	47	$	966	$	56	$	94
Other current liabilities	—		—		3		3		—		—
Deferred income taxes	14		—		—		14		—		—
Other noncurrent liabilities	—		—		11		11		—		—
Total liabilities	$	14	$	—	$	14	$	28	$	—	$	—
Net assets	$	715	$	190	$	33	$	938	$	56	$	94


(a)	See Pipeline Investments table below for further details regarding Investments in equity method unconsolidated affiliates.



	December 31, 2017
	Duke Energy										Duke		Duke
	Pipeline			Commercial		Other					Energy		Energy
(in millions)	Investments			Renewables		VIEs		Total			Ohio		Indiana
Receivables from affiliated companies	$	—		$	—	$	—	$	—		$	87	$	106
Investments in equity method unconsolidated affiliates	697			180		42		919			—		—
Other noncurrent assets	17			—		—		17			—		—
Total assets	$	714		$	180	$	42	$	936		$	87	$	106
Taxes accrued	(29		)	—		—		(29		)	—		—
Other current liabilities	—			—		4		4			—		—
Deferred income taxes	42			—		—		42			—		—
Other noncurrent liabilities	—			—		12		12			—		—
Total liabilities	$	13		$	—	$	16	$	29		$	—	$	—
Net assets	$	701		$	180	$	26	$	907		$	87	$	106

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)	September 30, 2018		December 31, 2017
Receivables of VIEs	$	7	$	4
Regulatory Assets: Current	52		51
Current Assets: Other	14		40
Other Noncurrent Assets: Regulatory assets	1,055		1,091
Current Liabilities: Other	3		10
Current maturities of long-term debt	53		53
Long-Term Debt	1,111		1,164

Commercial 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)	September 30, 2018			December 31, 2017
Current Assets: Other	$	203		$	174
Property, plant and equipment, cost	4,025			3,923
Accumulated depreciation and amortization	(695		)	(591		)
Other Noncurrent Assets: Other	268			50
Current maturities of long-term debt	175			170
Long-Term Debt	1,604			1,700
Other Noncurrent Liabilities: Deferred income taxes	—			(148		)
Other Noncurrent Liabilities: Other	225			241

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

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents Duke Energy's ownership interest and investment balances in these joint ventures.



			VIE Investment Amount (in millions)
	Ownership		September 30,		December 31,
Entity Name	Interest		2018		2017
ACP	47	%	$	704	$	397
Sabal Trail^(a)	7.5	%	—		219
Constitution^(b)	24	%	25		81
Total			$	729	$	697

(a)

At December 31, 2017, Sabal Trail was considered a VIE due to having insufficient equity to finance their own activities without subordinated financial support. However, Sabal Trail is now a fully operational, well capitalized entity. As a result, Sabal Trail has sufficient equity to finance its own activities, and therefore, is no longer considered a VIE. Duke Energy's investment in Sabal Trail was $112 million at September 30, 2018.


(b)	During the nine months ended September 30, 2018, Duke Energy recorded an OTTI of $55 million related to Constitution within Equity in earnings of unconsolidated affiliates on Duke Energy's Condensed Consolidated Statements of Income. See Note 3 for additional information.

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
	2018		2017		2018		2017
Anticipated credit loss ratio	0.5	%	0.5	%	0.3	%	0.3	%
Discount rate	2.9	%	2.1	%	2.9	%	2.1	%
Receivable turnover rate	13.6	%	13.5	%	10.9	%	10.7	%

The following table shows the gross and net receivables sold.



	Duke Energy Ohio				Duke Energy Indiana
(in millions)	September 30, 2018		December 31, 2017		September 30, 2018		December 31, 2017
Receivables sold	$	218	$	273	$	326	$	312
Less: Retained interests	56		87		94		106
Net receivables sold	$	162	$	186	$	232	$	206

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



	Duke Energy Ohio								Duke Energy Indiana
	Three Months Ended				Nine Months Ended				Three Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
(in millions)	2018		2017		2018		2017		2018		2017		2018		2017
Sales
Receivables sold	$	450	$	438	$	1,478	$	1,392	$	754	$	720	$	2,140	$	2,047
Loss recognized on sale	4		2		10		7		5		3		12		9
Cash flows
Cash proceeds from receivables sold	$	449	$	434	$	1,499	$	1,421	$	743	$	713	$	2,140	$	2,064
Collection fees received	—		1		1		1		—		—		1		1
Return received on retained interests	2		—		5		2		3		2		7		5

- 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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