Business Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2012
USFE&G		$	5,830	$	12	$	5,842	$	790
Commercial Power			508		17		525		12
International Energy			382		―		382		103
	Total reportable segments		6,720		29		6,749		905
Other(c)			2		18		20		(315)
Eliminations			―		(47)		(47)		―
Add back of noncontrolling interest component			―		―		―		4
Income from Discontinued Operations, net of tax			―		―		―		4
	Total consolidated	$	6,722	$	―	$	6,722	$	598
Three Months Ended September 30, 2011
USFE&G(b)		$	2,917	$	9	$	2,926	$	337
Commercial Power			684		3		687		24
International Energy			360		―		360		115
	Total reportable segments		3,961		12		3,973		476
Other			3		11		14		(5)
Eliminations			―		(23)		(23)		―
Add back of noncontrolling interest component			―		―		―		(2)
Income from Discontinued Operations, net of tax			―		―		―		1
	Total consolidated	$	3,964	$	―	$	3,964	$	470

								Segment Income/
		Unaffiliated		Intersegment		Total		Consolidated
(in millions)		Revenues		Revenues		Revenues		Net Income(a)
Nine Months Ended September 30, 2012
USFE&G(b)		$	11,178	$	29	$	11,207	$	1,263
Commercial Power			1,560		47		1,607		71
International Energy			1,181		―		1,181		350
	Total reportable segments		13,919		76		13,995		1,684
Other(c)			10		41		51		(356)
Eliminations			―		(117)		(117)		―
Add back of noncontrolling interest component			―		―		―		12
Income from Discontinued Operations, net of tax			―		―		―		5
	Total consolidated	$	13,929	$	―	$	13,929	$	1,345
Nine Months Ended September 30, 2011
USFE&G(b)		$	8,131	$	27	$	8,158	$	975
Commercial Power			1,918		8		1,926		103
International Energy			1,114		―		1,114		370
	Total reportable segments		11,163		35		11,198		1,448
Other			(2)		36		34		(31)
Eliminations			―		(71)		(71)		―
Add back of noncontrolling interest component			―		―		―		6
Income from Discontinued Operations, net of tax			―		―		―		1
	Total consolidated	$	11,161	$	―	$	11,161	$	1,424
(a)	Segment results exclude noncontrolling interests and results of entities classified as discontinued operations.
(b)	As discussed further in Note 4, Duke Energy recorded pre-tax impairment and other charges of $600 million and $222 million for the nine months ended September 30, 2012 and 2011, respectively, related to the Edwardsport Integrated Gasification Combined Cycle (IGCC) project.
(c)	Includes after-tax costs to achieve of $293 million and $306 million for the three and nine months ended September 30, 2012, respectively, related to the Progress merger on July 2, 2012 (net of tax of $164 and $166 million for the three and nine months ended September 30, 2012, respectively).

Business Segment Data
				Segment Income (Loss)/
		Unaffiliated		Consolidated
(in millions)		Revenues(a)		Net Income
Three Months Ended September 30, 2012
Franchised Electric and Gas		$	431	$	49
Commercial Power			341		(17)
	Total reportable segments		772		32
Other			―		(18)
Eliminations			(15)		―
	Total consolidated	$	757	$	14
Three Months Ended September 30, 2011
Franchised Electric and Gas		$	333	$	38
Commercial Power			505		16
	Total reportable segments		838		54
Other			―		(3)
	Total consolidated	$	838	$	51

				Segment Income/
		Unaffiliated		Consolidated
(in millions)		Revenues(a)		Net Income
Nine Months Ended September 30, 2012
Franchised Electric and Gas		$	1,291	$	113
Commercial Power			1,137		44
	Total reportable segments		2,428		157
Other			―		(24)
Eliminations			(42)		―
	Total consolidated	$	2,386	$	133
Nine Months Ended September 30, 2011
Franchised Electric and Gas		$	1,112	$	115
Commercial Power			1,299		50
	Total reportable segments		2,411		165
Other			―		(8)
	Total consolidated	$	2,411	$	157
(a)	There was an insignificant amount of intersegment revenues for the three and nine months ended September 30, 2011.

Segment Assets

Segment Assets
	Segment assets in the following table exclude all intercompany assets.
(in millions)		September 30, 2012		December 31, 2011
USFE&G		$	96,919	$	47,977
Commercial Power			6,897		6,939
International Energy			4,790		4,539
	Total reportable segments		108,606		59,455
Other			3,206		2,961
Reclassifications(a)			196		110
	Total consolidated assets	$	112,008	$	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)		September 30, 2012		December 31, 2011
Franchised Electric and Gas		$	6,399	$	6,293
Commercial Power			4,157		4,740
	Total reportable segments		10,556		11,033
Other			110		259
Reclassifications(a)			(172)		(353)
	Total consolidated assets	$	10,494	$	10,939
(a)	Primarily represents reclassification of federal tax balances in consolidation.