Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table shows the significant components of Current Maturities of Long-Term Debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings.

(in millions)	Maturity Date	Interest Rate			September 30, 2019
Unsecured Debt
Duke Energy Kentucky	October 2019	4.650	%		$	100
Progress Energy	December 2019	4.875	%		350
Duke Energy (Parent)	June 2020	2.100	%		330
First Mortgage Bonds
Duke Energy Florida	January 2020	1.850	%		250
Duke Energy Florida	April 2020	4.550	%		250
Duke Energy Carolinas	June 2020	4.300	%		450
Duke Energy Indiana	July 2020	3.750	%		500
Duke Energy Progress	September 2020	2.282	%	(a)	300
Other(b)					566
Current maturities of long-term debt					$	3,096

(a)    Debt issuance has a floating interest rate.

(b)    Includes finance lease obligations, amortizing debt and small bullet maturities.

The following table summarizes significant debt issuances (in millions).

					Nine Months Ended September 30, 2019
							Duke		Duke		Duke		Duke		Duke
	Maturity	Interest			Duke		Energy		Energy		Energy		Energy		Energy
Issuance Date	Date	Rate			Energy		(Parent)		Carolinas		Progress		Ohio		Indiana		Piedmont
Unsecured Debt
March 2019(a)	March 2022	2.788	%	(b)	$	300	$	300	$	—	$	—	$	—	$	—	$	—
March 2019(a)	March 2022	3.227	%		300		300		—		—		—		—		—
May 2019(e)	June 2029	3.500	%		600		—		—		—		—		—		600
June 2019(a)	June 2029	3.400	%		600		600		—		—		—		—		—
June 2019(a)	June 2049	4.200	%		600		600		—		—		—		—		—
July 2019(g)	July 2049	4.320	%		40		—		—		—		40		—		—
September 2019(g)	October 2025	3.230	%		95		—		—		—		95		—		—
September 2019(g)	October 2029	3.560	%		75		—		—		—		75		—		—
First Mortgage Bonds
January 2019(c)	February 2029	3.650	%		400		—		—		—		400		—		—
January 2019(c)	February 2049	4.300	%		400		—		—		—		400		—		—
March 2019(d)	March 2029	3.450	%		600		—		—		600		—		—		—
August 2019(a)	August 2029	2.450	%		450		—		450		—		—		—		—
August 2019(a)	August 2049	3.200	%		350		—		350		—		—		—		—
September 2019(f)	October 2049	3.250	%		500		—		—		—		—		500		—
Total issuances					$	5,310	$	1,800	$	800	$	600	$	1,010	$	500	$	600

(a) Debt issued to pay down short-term debt and for general corporate purposes.

(b) Debt issuance has a floating interest rate.

(c) Debt issued to repay at maturity $450 million first mortgage bonds due April 2019, pay down short-term debt and for general corporate purposes.

(d) Debt issued to fund eligible green energy projects in the Carolinas.

(e) Debt issued to repay in full the outstanding $350 million Piedmont unsecured term loan due September 2019, pay down short-term debt and for general corporate purposes.

(f) Debt issued to retire $150 million of pollution control bonds, pay down short-term debt and for general corporate purposes.

(g) Debt issued to repay at maturity $100 million debentures due October 2019, pay down short-term debt and for general corporate purposes.

Schedule Of Line Of Credit Facilities

Other Credit Facilities

	September 30, 2019
(in millions)	Facility size		Amount drawn
Duke Energy (Parent) Three-Year Revolving Credit Facility(a)	$	1,000	$	500
Duke Energy Progress Term Loan Facility	700		700

(a)

In May 2019, Duke Energy (Parent) extended the termination date to May 2022.

The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility.

	September 30, 2019
				Duke			Duke			Duke			Duke			Duke			Duke
	Duke			Energy			Energy			Energy			Energy			Energy			Energy
(in millions)	Energy			(Parent)			Carolinas			Progress			Florida			Ohio			Indiana			Piedmont
Facility size(a)	$	8,000		$	2,650		$	1,750		$	1,250		$	800		$	450		$	600		$	500
Reduction to backstop issuances
Commercial paper(b)	(1,971		)	(627		)	(338		)	(211		)	(277		)	(164		)	(150		)	(204		)
Outstanding letters of credit	(51		)	(43		)	(4		)	(2		)	—			—			—			(2		)
Tax-exempt bonds	(81		)	—			—			—			—			—			(81		)	—
Coal ash set-aside	(500		)	—			(250		)	(250		)	—			—			—			—
Available capacity under the Master Credit Facility	$	5,397		$	1,980		$	1,158		$	787		$	523		$	286		$	369		$	294

(a) Represents the sublimit of each borrower.

(b)

Duke Energy issued $625 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies on the Condensed Consolidated Balance Sheets.