Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

				Six Months Ended June 30, 2020
						Duke		Duke		Duke		Duke		Duke
	Maturity	Interest		Duke		Energy		Energy		Energy		Energy		Energy
Issuance Date	Date	Rate		Energy		(Parent)		Carolinas		Florida		Ohio		Indiana		Piedmont
Unsecured Debt
May 2020(a)	Jun 2030	2.450	%	$	500	$	500	$	—	$	—	$	—	$	—	$	—
May 2020(b)	Jun 2050	3.350	%	400		—		—		—		—		—		400
First Mortgage Bonds
January 2020(c)	Feb 2030	2.450	%	500		—		500		—		—		—		—
January 2020(c)	Aug 2049	3.200	%	400		—		400		—		—		—		—
March 2020(d)	Apr 2050	2.750	%	550		—		—		—		—		550		—
May 2020(b)	Jun 2030	2.125	%	400		—		—		—		400		—		—
June 2020(b)	Jun 2030	1.750	%	500		—		—		500		—		—		—
Total issuances				$	3,250	$	500	$	900	$	500	$	400	$	550	$	400

(a) Debt issued to repay $500 million borrowing made under Duke Energy (Parent) revolving credit facility in March 2020, and for general corporate purposes.

(b) Debt issued to repay short-term debt and for general corporate purposes.

(c) Debt issued to repay at maturity $450 million first mortgage bonds due June 2020 and for general corporate purposes.

(d) Debt issued to repay at maturity $500 million first mortgage bonds due July 2020 and to pay down short-term debt.

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			June 30, 2020
Unsecured Debt
Duke Energy Progress	December 2020	0.986	%	(a)	$	700
Progress Energy, Inc	January 2021	4.400	%		500
Duke Energy (Parent)	May 2021	0.924	%	(a)	500
Piedmont	June 2021	4.240	%		160
Secured Debt
Duke Energy Florida	April 2021	1.384	%	(a)	250
First Mortgage Bonds
Duke Energy Indiana	July 2020	3.750	%		500
Duke Energy Progress	September 2020	0.498	%	(a)	300
Duke Energy Carolinas	June 2021	3.900	%		500
Other(b)					346
Current maturities of long-term debt					$	3,756

(a)    Debt has a floating interest rate.

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

Schedule Of Line Of Credit Facilities

Other Credit Facilities

	June 30, 2020
(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 March 2020, Duke Energy (Parent) drew down the remaining $500 million. In May 2020, Duke Energy (Parent) repaid $500 million with proceeds of May 2020 unsecured debt issuance.

The table below includes the current borrowing sublimits and available capacity under these credit facilities.

	June 30, 2020
				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		$	1,500		$	1,250		$	800		$	600		$	600		$	600
Reduction to backstop issuances
Commercial paper(b)	(2,480		)	(1,248		)	(389		)	(323		)	(156		)	(79		)	(150		)	(135		)
Outstanding letters of credit	(47		)	(40		)	(3		)	(2		)	—			—			—			(2		)
Tax-exempt bonds	(81		)	—			—			—			—			—			(81		)	—
Available capacity under the Master Credit Facility	$	5,392		$	1,362		$	1,108		$	925		$	644		$	521		$	369		$	463

(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.