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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transaction [Line Items]  
Related Party Transactions, Other Revenue and Expense
Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.
 
Years Ended December 31,
(in millions)
2018

 
2017

 
2016

Duke Energy Carolinas
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
985

 
$
858

 
$
831

Indemnification coverages(b)
22

 
23

 
22

JDA revenue(c)
84

 
49

 
38

JDA expense(c)
207

 
145

 
156

Intercompany natural gas purchases(d)
15

 
9

 
2

Progress Energy
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
906

 
$
736

 
$
710

Indemnification coverages(b)
34

 
38

 
35

JDA revenue(c)
207

 
145

 
156

JDA expense(c)
84

 
49

 
38

Intercompany natural gas purchases(d)
78

 
77

 
19

Duke Energy Progress
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
577

 
$
438

 
$
397

Indemnification coverages(b)
13

 
15

 
14

JDA revenue(c)
207

 
145

 
156

JDA expense(c)
84

 
49

 
38

Intercompany natural gas purchases(d)
78

 
77

 
19

Duke Energy Florida
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
329

 
$
298

 
$
313

Indemnification coverages(b)
21

 
23

 
21

Duke Energy Ohio
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
374

 
$
363

 
$
356

Indemnification coverages(b)
5

 
5

 
5

Duke Energy Indiana
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
405

 
$
370

 
$
366

Indemnification coverages(b)
7

 
8

 
8

Piedmont
 
 
 
 
 
Corporate governance and shared service expenses(a)
$
170

 
$
50

 
 
Indemnification coverages(b)

2

 
2

 
 
Intercompany natural gas sales(d)

93

 
86

 
 
Natural gas storage and transportation costs(e)
25

 
25

 
 

(a)
The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, information technology, legal and accounting fees, as well as other third-party costs. These amounts are primarily recorded in Operation, maintenance and other on the 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 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 and expenses from the purchase of power pursuant to the JDA are recorded in Operating Revenues and Fuel used in electric generation and purchased power, respectively, on the Consolidated Statements of Operations and Comprehensive Income.
(d)
Piedmont provides long-term natural gas delivery service to certain Duke Energy Carolinas and Duke Energy Progress natural gas-fired generation facilities. Piedmont records the sales in Operating Revenues, and Duke Energy Carolinas and Duke Energy Progress record the related purchases as a component of Fuel used in electric generation and purchased power on their respective Consolidated Statements of Operations and Comprehensive Income. These intercompany revenues and expenses are eliminated in consolidation. For the two months ended December 31, 2016, and for sales made subsequent to the acquisition for the year ended October 31, 2016, Piedmont recorded $14 million and $7 million, respectively, of natural gas sales with Duke Energy. For sales made prior to the acquisition for the year ended October 31, 2016, Piedmont recorded $74 million of natural gas sales with Duke Energy.
(e)
Piedmont has related party transactions as a customer of its equity method investments in Pine Needle, Hardy Storage, and Cardinal natural gas storage and transportation facilities. These expenses are included in Cost of natural gas on Piedmont's Consolidated Statements of Operations and Comprehensive Income. For the two months ended December 31, 2016, and for the year ended October 31, 2016, Piedmont recorded $6 million and $29 million, respectively, of natural gas storage and transportation costs.
Progress Energy [Member]  
Related Party Transaction [Line Items]  
Related Party Transactions, Other Revenue and Expense
Income taxes recorded represent amounts the Subsidiary Registrants would incur as separate C-Corporations. 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

Piedmont

December 31, 2018
 
 
 
 
 
 
 
Intercompany income tax receivable
$
52

$
47

$
29

$

$

$
8

$

Intercompany income tax payable



16

3


45

 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
Intercompany income tax receivable
$

$
168

$

$
44

$
22

$

$
7

Intercompany income tax payable
44


21



35