Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

EFFECTIVE TAX RATES

The ETRs from continuing operations for each of the Duke Energy Registrants are included in the following table.

	Three Months Ended
	March 31,
	2022		2021
Duke Energy	(1.7)	%	8.2	%
Duke Energy Carolinas	7.4	%	6.9	%
Progress Energy	15.9	%	12.9	%
Duke Energy Progress	14.0	%	8.3	%
Duke Energy Florida	20.1	%	19.3	%
Duke Energy Ohio	(266.7)	%	13.3	%
Duke Energy Indiana	31.9	%	17.6	%
Piedmont	13.4	%	11.4	%

The decrease in the ETR for Duke Energy for the three months ended March 31, 2022, was primarily due to an increase in the amortization of excess deferred taxes related to the Duke Energy Ohio MGP Settlement.

The increase in the ETR for Progress Energy for the three months ended March 31, 2022, was primarily due to a decrease in the amortization of excess deferred taxes.

The increase in the ETR for Duke Energy Progress for the three months ended March 31, 2022, was primarily due to a decrease in the amortization of excess deferred taxes.

The decrease in the ETR for Duke Energy Ohio for the three months ended March 31, 2022, was primarily due to an increase in the amortization of excess deferred taxes related to the MGP Settlement.

The increase in the ETR for Duke Energy Indiana for the three months ended March 31, 2022, was primarily due to the coal ash impairment based on the Indiana Supreme Court Opinion.

The increase in the ETR for Piedmont for the three months ended March 31, 2022, was primarily due to a decrease in the amortization of excess deferred taxes.