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Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2022

Variable Interest Entities [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.


	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	February 2025		January 2025		April 2025		April 2023
Credit facility amount	$	350	$	500	$	400	$	250
Amounts borrowed at September 30, 2022	350		500		400		250
Amounts borrowed at December 31, 2021	350		475		350		250
Restricted Receivables at September 30, 2022	844		932		733		603
Restricted Receivables at December 31, 2021	587		844		574		427

VIE not primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of non-consolidated VIEs on the Condensed Consolidated Balance Sheets.


	September 30, 2022
	Duke Energy				Duke		Duke
	Natural Gas		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	178	$	263

Investments in equity method unconsolidated affiliates	34		505		539		—		—
Other noncurrent assets	60		—		60		—		—
Total assets	$	94	$	505	$	599	$	178	$	263

Other current liabilities	56		2		58		—		—

Other noncurrent liabilities	49		2		51		—		—
Total liabilities	$	105	$	4	$	109	$	—	$	—
Net (liabilities) assets	$	(11)	$	501	$	490	$	178	$	263


	December 31, 2021
	Duke Energy				Duke		Duke
	Natural Gas		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	79	$	97

Investments in equity method unconsolidated affiliates	15		508		523		—		—
Other noncurrent assets	61		—		61		—		—
Total assets	$	76	$	508	$	584	$	79	$	97

Other current liabilities	47		4		51		—		—

Other noncurrent liabilities	54		3		57		—		—
Total liabilities	$	101	$	7	$	108	$	—	$	—
Net (liabilities) assets	$	(25)	$	501	$	476	$	79	$	97

DEFPF | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.


(in millions)	September 30, 2022		December 31, 2021
Receivables of VIEs	$	8	$	5
Regulatory Assets: Current	54		54
Current Assets: Other	17		39
Other Noncurrent Assets: Regulatory assets	840		883
Current Liabilities: Other	2		9
Current maturities of long-term debt	56		56
Long-Term Debt	890		946

DECNCSF and DEPNCSF | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of these VIEs on Duke Energy Carolinas’ and Duke Energy Progress’ Consolidated Balance Sheets.


	September 30, 2022				December 31, 2021
	Duke Energy		Duke Energy		Duke Energy		Duke Energy
(in millions)	Carolinas		Progress		Carolinas		Progress
Regulatory Assets: Current	$	12	$	39	$	12	$	39
Current Assets: Other	5		17		—		—
Other Noncurrent Assets: Regulatory assets	211		691		220		720
Other Noncurrent Assets: Other	1		2		1		4

Current Liabilities: Other	1		4		1		2
Current maturities of long-term debt	10		34		5		15
Long-Term Debt	219		714		228		747

Commercial Renewables | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents material balances reported on Duke Energy's Condensed Consolidated Balance Sheets related to Commercial Renewables VIEs.


(in millions)	September 30, 2022		December 31, 2021
Current Assets: Other	$	201	$	215
Property, Plant and Equipment: Cost	7,554		7,339
Accumulated depreciation and amortization	(1,710)		(1,474)
Other Noncurrent Assets: Other	115		62
Current maturities of long-term debt	285		167
Long-Term Debt	1,252		1,475
Other Noncurrent Liabilities: AROs	178		173
Other Noncurrent Liabilities: Other	202		319

CRC | VIE not primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table shows the gross and net receivables sold.


	Duke Energy Ohio				Duke Energy Indiana
(in millions)	September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021
Receivables sold	$	334	$	269	$	531	$	328
Less: Retained interests	178		79		263		97
Net receivables sold	$	156	$	190	$	268	$	231

The following table shows sales and cash flows related to receivables sold.


		Duke Energy Ohio						Duke Energy Indiana
	Nine Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)			2022		2021				2022		2021
Sales
Receivables sold			$	1,869	$	1,490			$	2,646	$	2,176
Loss recognized on sale			11		7				15		10
Cash flows
Cash proceeds from receivables sold			$	1,757	$	1,519			$	2,465	$	2,199
Collection fees received			1		1				1		1
Return received on retained interests			6		3				9		4

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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