Business Segments (Tables)

6 Months Ended

Jun. 30, 2012

Business Segment Data

Business Segment Data
								Segment Income/
		Unaffiliated		Intersegment		Total		Consolidated
(in millions)		Revenues		Revenues		Revenues		Net Income(a)
Three Months Ended June 30, 2012
USFE&G		$	2,688	$	9	$	2,697	$	337
Commercial Power			488		14		502		28
International Energy			397		―		397		105
	Total reportable segments		3,573		23		3,596		470
Other			4		12		16		(25)
Eliminations			―		(35)		(35)		―
Add back of noncontrolling interest component			―		―		―		4
Income from Discontinued Operations, net of tax			―		―		―		(1)
	Total consolidated	$	3,577	$	―	$	3,577	$	448
Three Months Ended June 30, 2011
USFE&G		$	2,540	$	9	$	2,549	$	297
Commercial Power			592		3		595		30
International Energy			406		―		406		127
	Total reportable segments		3,538		12		3,550		454
Other			(4)		13		9		(19)
Eliminations			―		(25)		(25)		―
Add back of noncontrolling interest component			―		―		―		6
	Total consolidated	$	3,534	$	―	$	3,534	$	441

								Segment Income/
		Unaffiliated		Intersegment		Total		Consolidated
(in millions)		Revenues		Revenues		Revenues		Net Income(a)
Six Months Ended June 30, 2012
USFE&G(b)		$	5,348	$	17	$	5,365	$	473
Commercial Power			1,052		30		1,082		59
International Energy			799		―		799		247
	Total reportable segments		7,199		47		7,246		779
Other			8		23		31		(41)
Eliminations			―		(70)		(70)		―
Add back of noncontrolling interest component			―		―		―		8
Income from Discontinued Operations, net of tax			―		―		―		1
	Total consolidated	$	7,207	$	―	$	7,207	$	747
Six Months Ended June 30, 2011
USFE&G		$	5,214	$	18	$	5,232	$	638
Commercial Power			1,234		5		1,239		79
International Energy			754		―		754		255
	Total reportable segments		7,202		23		7,225		972
Other			(5)		25		20		(26)
Eliminations			―		(48)		(48)		―
Add back of noncontrolling interest component			―		―		―		8
	Total consolidated	$	7,197	$	―	$	7,197	$	954
(a)	Segment results exclude noncontrolling interests and results of entities classified as discontinued operations.
(b)	As discussed further in Note ##REGMAT, Duke Energy recorded pre-tax impairment and other charges of $420 million in the first quarter of 2012 related to the Edwardsport IGCC project.

Business Segment Data
				Segment Income/
		Unaffiliated		Consolidated
(in millions)		Revenues(a)		Net Income
Three Months Ended June 30, 2012
Franchised Electric and Gas		$	387	$	30
Commercial Power			342		17
	Total reportable segments		729		47
Other			―		(2)
Eliminations			(12)		―
	Total consolidated	$	717	$	45
Three Months Ended June 30, 2011
Franchised Electric and Gas		$	315	$	29
Commercial Power			379		6
	Total reportable segments		694		35
Other			―		(2)
	Total consolidated	$	694	$	33

				Segment Income/
		Unaffiliated		Consolidated
(in millions)		Revenues(a)		Net Income
Six Months Ended June 30, 2012
Franchised Electric and Gas		$	860	$	64
Commercial Power			796		61
	Total reportable segments		1,656		125
Other			―		(6)
Eliminations			(27)		―
	Total consolidated	$	1,629	$	119
Six Months Ended June 30, 2011
Franchised Electric and Gas		$	779	$	77
Commercial Power			794		34
	Total reportable segments		1,573		111
Other			―		(5)
	Total consolidated	$	1,573	$	106
(a)	There was an insignificant amount of intersegment revenues for the three and six months ended June 30, 2011.

Segment Assets

Segment Assets
	Segment assets in the following table exclude all intercompany assets.
(in millions)		June 30, 2012		December 31, 2011
USFE&G		$	48,451	$	47,977
Commercial Power			7,268		6,939
International Energy			4,678		4,539
	Total reportable segments		60,397		59,455
Other			2,593		2,961
Reclassifications(a)			41		110
	Total consolidated assets	$	63,031	$	62,526
(a)	Primarily represents reclassification of federal tax balances in consolidation.

Segment Assets
	Segment assets in the following table exclude all intercompany assets.
(in millions)		June 30, 2012		December 31, 2011
Franchised Electric and Gas		$	6,559	$	6,293
Commercial Power			4,742		4,740
	Total reportable segments		11,301		11,033
Other			142		259
Reclassifications(a)			(465)		(353)
	Total consolidated assets	$	10,978	$	10,939
(a)	Primarily represents reclassification of federal tax balances in consolidation.