Variable Interest Entities (Tables)

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2012

Sep. 30, 2012

Dec. 31, 2011

Schedule Of Consolidated VIEs

		September 30, 2012
		Duke Energy
		Receivables
		Financing
(in millions)		LLC (DERF)(a)		CRC		CinCapV		Renewables		Other		Total
Restricted Receivables of VIEs		$	738	$	486	$	15	$	8	$	3	$	1,250
Other Current Assets			―		―		2		143		11		156
Intangibles, net			―		―		―		12		―		12
Restricted Other Assets of VIEs			―		―		55		3		57		115
Other Assets			―		―		11		―		1		12
Property, Plant and Equipment, Cost			―		―		―		945		16		961
Accumulated Depreciation and Amortization			―		―		―		(89)		(5)		(94)
Other Deferred Debits			―		―		―		23		1		24
	Total Assets		738		486		83		1,045		84		2,436
Accounts Payable			―		―		―		1		2		3
Non-Recourse Notes Payable			―		275		―		―		―		275
Taxes Accrued			―		―		―		5		―		5
Current Maturities of Long-Term Debt			―		―		12		31		5		48
Other Current Liabilities			―		―		3		20		(1)		22
Non-Recourse Long-Term Debt			300		―		51		502		58		911
Deferred Income Taxes			―		―		―		158		―		158
Asset Retirement Obligations			―		―		―		14		―		14
Other Liabilities			―		―		10		45		(1)		54
	Total Liabilities		300		275		76		776		63		1,490
Noncontrolling Interests			―		―		―		―		2		2
Net Assets of Consolidated VIEs		$	438	$	211	$	7	$	269	$	19	$	944
(a)	DERF is a wholly owned limited liability company of Duke Energy Carolinas.

		December 31, 2011
		Duke Energy
		Receivables
		Financing
(in millions)		LLC (DERF)(a)		CRC		CinCapV		Renewables		Other		Total
Restricted Receivables of VIEs		$	581	$	547	$	13	$	13	$	3	$	1,157
Other Current Assets			―		―		2		124		8		134
Intangibles, net			―		―		―		12		―		12
Restricted Other Assets of VIEs			―		―		65		10		60		135
Other Assets			―		―		14		36		―		50
Property, Plant and Equipment, Cost			―		―		―		913		―		913
Accumulated Depreciation and Amortization			―		―		―		(62)		―		(62)
Other Deferred Debits			―		―		―		24		2		26
	Total Assets		581		547		94		1,070		73		2,365
Accounts Payable			―		―		―		1		1		2
Non-Recourse Notes Payable			―		273		―		―		―		273
Taxes Accrued			―		―		―		3		―		3
Current Maturities of Long-Term Debt			―		―		11		49		5		65
Other Current Liabilities			―		―		3		59		―		62
Non-Recourse Long-Term Debt			300		―		60		528		61		949
Deferred Income Taxes			―		―		―		160		―		160
Asset Retirement Obligation			―		―		―		13		―		13
Other Liabilities			―		―		13		37		―		50
	Total Liabilities		300		273		87		850		67		1,577
Noncontrolling Interests			―		―		―		―		1		1
Net Assets of Consolidated VIEs		$	281	$	274	$	7	$	220	$	5	$	787
(a)	DERF is a wholly owned limited liability company of Duke Energy Carolinas.

Schedule Of Non-Consolidated VIEs

		September 30, 2012
			Duke Energy
(in millions)		DukeNet		Renewables		FPC Capital I Trust	Other		Total		Duke Energy Ohio		Duke Energy Indiana
Receivables		$	―	$	―	―	$	―	$	―	$	85	$	118
Investments in equity method unconsolidated affiliates			120		154	9		27		310		―		―
Intangibles			―			―		106		106		106		―
	Total Assets		120		154	9		133		416		191		118
Other Current Liabilities			―		―	―		2		2		―		―
Deferred Credits and Other Liabilities			―		―	320		17		337		―		―
	Total Liabilities		―		―	320		19		339		―		―
Net Assets (Liabilities)		$	120	$	154	(311)	$	114	$	77	$	191	$	118

		December 31, 2011
		Duke Energy								Duke Energy		Duke Energy
(in millions)		DukeNet		Renewables		Other		Total		Ohio		Indiana
Receivables		$	―	$	―	$	―	$	―	$	129	$	139
Investments in equity method unconsolidated affiliates			129		81		25		235		―		―
Intangibles			―		―		111		111		111		―
	Total Assets		129		81		136		346		240		139
Other Current Liabilities			―		―		3		3		―		―
Deferred Credits and Other Liabilities			―		―		18		18		―		―
	Total Liabilities		―		―		21		21		―		―
Net Assets		$	129	$	81	$	115	$	325	$	240	$	139

CRC Fair Value Assumptions

	Duke Energy Ohio				Duke Energy Indiana
	2012		2011		2012		2011
Anticipated credit loss ratio	0.8	%	0.8	%	0.4	%	0.4	%
Discount rate	1.2	%	2.6	%	1.2	%	2.6	%
Receivable turnover rate	12.7	%	12.7	%	10.2	%	10.2	%

CRC Receivables Sold

	The following tables show the retained interests, sales, and cash flows related to receivables sold:
		Duke Energy Ohio				Duke Energy Indiana
		Three Months Ended September 30,				Three Months Ended September 30,
(in millions)		2012		2011		2012		2011
Sales
Receivables sold		$	518	$	592	$	711	$	711
Loss recognized on sale		$	3	$	5	$	3	$	5
Cash flows
Cash proceeds from receivables sold		$	531	$	615	$	733	$	696
Collection fees received		$	―	$	―	$	―	$	―
Return received on retained interests		$	1	$	3	$	2	$	3

	The following table shows the gross and net receivables sold:
		Duke Energy Ohio				Duke Energy Indiana
(in millions)		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
Receivables sold		$	241	$	302	$	282	$	279
Less: Retained interests			85		129		118		139
Net receivables sold		$	156	$	173	$	164	$	140

CRC Sales and Cash Flows

	Duke Energy Ohio				Duke Energy Indiana
	Nine Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2012		2011		2012		2011
Sales
Receivables sold	$	1,618	$	1,832	$	2,118	$	2,009
Loss recognized on sale	$	10	$	16	$	9	$	13
Cash flows
Cash proceeds from receivables sold	$	1,651	$	1,952	$	2,130	$	2,051
Collection fees received	$	1	$	1	$	1	$	1
Return received on retained interests	$	4	$	10	$	5	$	10