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Income Taxes
 6 Months Ended
Jun. 30, 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 EndedSix Months Ended
June 30,June 30,
2022202120222021
Duke Energy8.0 %4.9 %3.6 %6.8 %
Duke Energy Carolinas7.3 %0.4 %7.4 %4.3 %
Progress Energy16.8 %8.3 %16.4 %10.2 %
Duke Energy Progress13.8 %2.7 %13.9 %5.6 %
Duke Energy Florida20.2 %19.0 %20.1 %19.1 %
Duke Energy Ohio13.8 %22.0 %(54.7)%16.1 %
Duke Energy Indiana8.6 %15.6 %(48.9)%16.7 %
Piedmont85.7 %33.3 %11.4 %10.8 %
The increase in the ETR for Duke Energy for the three months ended June 30, 2022, was primarily due to the amortization of excess deferred taxes in relation to higher pretax income.
The decrease in the ETR for Duke Energy for the six months ended June 30, 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 Duke Energy Carolinas for the three and six months ended June 30, 2022, was primarily due to the amortization of excess deferred taxes in relation to higher pretax income.
The increase in the ETR for Progress Energy for the three and six months ended June 30, 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 and six months ended June 30, 2022, was primarily due to a decrease in the amortization of excess deferred taxes.
The increase in the ETR for Duke Energy Florida for the three months ended June 30, 2022, was primarily due to the amortization of excess deferred taxes in relation to higher pretax income.
The decrease in the ETR for Duke Energy Ohio for the three months ended June 30, 2022, was primarily due to an increase in the amortization of excess deferred taxes.
The decrease in the ETR for Duke Energy Ohio for the six months ended June 30, 2022, was primarily due to an increase in the amortization of excess deferred taxes related to the MGP Settlement.
The decrease in the ETR for Duke Energy Indiana for the three months ended June 30, 2022, was primarily due to an increase in the amortization of excess deferred taxes from the coal ash impairment based on the Indiana Supreme Court Opinion.
The decrease in the ETR for Duke Energy Indiana for the six months ended June 30, 2022, was primarily due to the coal ash impairment based on the Indiana Supreme Court Opinion and the associated amortization of excess deferred taxes.
The increase in the ETR for Piedmont for the three months ended June 30, 2022, was primarily due to certain favorable tax credits, in relation to pretax losses.