Variable Interest Entities (Tables)
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12 Months Ended |
Dec. 31, 2012
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Dec. 31, 2011
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Variable Interest Entity [Line Items] |
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Schedule Of Consolidated VIEs |
| | | December 31, 2012 | (in millions) | | DERF(a) | | CRC | | CinCapV | | Renewables | | Other | | Total | Restricted Receivables of VIEs | | $ | 637 | | $ | 534 | | $ | 15 | | $ | 16 | | $ | (1) | | $ | 1,201 | Other Current Assets | | | ― | | | ― | | | 4 | | | 133 | | | 2 | | | 139 | Intangibles, net | | | ― | | | ― | | | ― | | | 12 | | | ― | | | 12 | Restricted Other Assets of VIEs | | | ― | | | ― | | | 52 | | | 2 | | | ― | | | 54 | Other Assets | | | ― | | | ― | | | 10 | | | ― | | | 2 | | | 12 | Property, Plant and Equipment, Cost | | | ― | | | ― | | | ― | | | 1,543 | | | 15 | | | 1,558 | Accumulated Depreciation and Amortization | | | ― | | | ― | | | ― | | | (98) | | | (5) | | | (103) | Other Deferred Debits | | | ― | | | ― | | | ― | | | 40 | | | ― | | | 40 | | Total Assets | | | 637 | | | 534 | | | 81 | | | 1,648 | | | 13 | | | 2,913 | Accounts Payable | | | ― | | | ― | | | ― | | | 1 | | | ― | | | 1 | Non-Recourse Notes Payable | | | ― | | | 312 | | | ― | | | ― | | | ― | | | 312 | Taxes Accrued | | | ― | | | ― | | | ― | | | 62 | | | ― | | | 62 | Current Maturities of Long-Term Debt | | | ― | | | ― | | | 13 | | | 459 | | | ― | | | 472 | Other Current Liabilities | | | ― | | | ― | | | 4 | | | 25 | | | ― | | | 29 | Non-Recourse Long-Term Debt | | | 300 | | | ― | | | 48 | | | 504 | | | ― | | | 852 | Deferred Income Taxes | | | ― | | | ― | | | ― | | | 154 | | | ― | | | 154 | Asset Retirement Obligations | | | ― | | | ― | | | ― | | | 23 | | | ― | | | 23 | Other Liabilities | | | ― | | | ― | | | 10 | | | 39 | | | ― | | | 49 | | Total Liabilities | | | 300 | | | 312 | | | 75 | | | 1,267 | | | ― | | | 1,954 | Noncontrolling Interests | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | Net Assets of Consolidated VIEs | | $ | 337 | | $ | 222 | | $ | 6 | | $ | 381 | | $ | 13 | | $ | 959 | | | | | | | | | | | | | | | | | | | | | (a) | DERF is a wholly owned limited liability company of Duke Energy Carolinas. |
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| | | December 31, 2011 | (in millions) | | 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. |
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Schedule Of Non-Consolidated VIEs |
| | | December 31, 2012 | | | | | Duke Energy | | | | | | | (in millions) | | DukeNet | | Renewables | | FPC
Capital I
Trust(a) | | Other | | Total | | Duke Energy
Ohio | | Duke Energy
Indiana | Receivables | | $ | ― | | $ | ― | | $ | ― | | $ | ― | | $ | ― | | $ | 97 | | $ | 116 | Investments in equity method unconsolidated affiliates | | | 118 | | | 147 | | | ― | | | 27 | | | 292 | | | ― | | | ― | Intangibles | | | ― | | | ― | | | ― | | | 104 | | | 104 | | | 104 | | | ― | Investments and other assets | | | | | | | | | 9 | | | 2 | | | 11 | | | | | | | | Total assets | | | 118 | | | 147 | | | 9 | | | 133 | | | 407 | | | 201 | | | 116 | Other current liabilities | | | ― | | | ― | | | ― | | | 3 | | | 3 | | | ― | | | ― | Deferred credits and other liabilities | | | ― | | | ― | | | 319 | | | 17 | | | 336 | | | ― | | | ― | | Total liabilities | | | ― | | | ― | | | 319 | | | 20 | | | 339 | | | ― | | | ― | Net assets (liabilities) | | $ | 118 | | $ | 147 | | $ | (310) | | $ | 113 | | $ | 68 | | $ | 201 | | $ | 116 | | | | | | | | | | | | | | | | | | | | | | | | (a) | The entire balance of Investments and other assets and $274 million of the Deferred Credits and Other Liabilities balance applies to Progress Energy. |
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| | | December 31, 2011 | | | | Duke Energy | | Progress | | Duke
Energy | | Duke
Energy | (in millions) | | DukeNet | | Renewables | | Other | | Total | | Energy | | Ohio | | Indiana | Receivables | | $ | ― | | $ | ― | | $ | ― | | $ | ― | | $ | ― | | $ | 129 | | $ | 139 | Investments in equity method unconsolidated affiliates | | | 129 | | | 81 | | | 25 | | | 235 | | | 9 | | | ― | | | ― | Intangibles | | | ― | | | ― | | | 111 | | | 111 | | | ― | | | 111 | | | ― | | Total assets | | | 129 | | | 81 | | | 136 | | | 346 | | | 9 | | | 240 | | | 139 | Other current liabilities | | | ― | | | ― | | | 3 | | | 3 | | | ― | | | ― | | | ― | Deferred credits and other liabilities | | | ― | | | ― | | | 18 | | | 18 | | | 273 | | | ― | | | ― | | Total liabilities | | | ― | | | ― | | | 21 | | | 21 | | | 273 | | | ― | | | ― | Net assets | | $ | 129 | | $ | 81 | | $ | 115 | | $ | 325 | | $ | (264) | | $ | 240 | | $ | 139 |
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CRC Fair Value Assumptions |
| | Duke Energy Ohio | | Duke Energy Indiana | | | 2012 | | 2011 | | 2012 | | 2011 | Anticipated credit loss ratio | | 0.7 | % | | 0.8 | % | | 0.3 | % | | 0.4 | % | Discount rate | | 1.2 | % | | 2.6 | % | | 1.2 | % | | 2.6 | % | Receivable turnover rate | | 12.7 | % | | 12.7 | % | | 10.2 | % | | 10.2 | % |
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CRC Receivables Sold |
| The following table shows the gross and net receivables sold: | | | | | | | | Duke Energy Ohio | | Duke Energy Indiana | | | December 31, | | December 31, | (in millions) | | 2012 | | 2011 | | 2012 | | 2011 | Receivables sold | | $ | 282 | | $ | 302 | | $ | 289 | | $ | 279 | Less: Retained interests | | | 97 | | | 129 | | | 116 | | | 139 | Net receivables sold | | $ | 185 | | $ | 173 | | $ | 173 | | $ | 140 |
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CRC Sales and Cash Flows |
| The following tables show the retained interests, sales, and cash flows related to receivables sold: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Duke Energy Ohio | | Duke Energy Indiana | | | | Years Ended December 31, | | Years Ended December 31, | (in millions) | | 2012 | | 2011 | | 2010 | | 2012 | | 2011 | | 2010 | Sales | | | | | | | | | | | | | | | | | | | Receivables sold | | $ | 2,154 | | $ | 2,390 | | $ | 2,858 | | $ | 2,773 | | $ | 2,658 | | $ | 2,537 | Loss recognized on sale | | $ | 13 | | $ | 21 | | $ | 26 | | $ | 12 | | $ | 16 | | $ | 17 | Cash Flows | | | | | | | | | | | | | | | | | | | Cash proceeds from receivables sold | | $ | 2,172 | | $ | 2,474 | | $ | 2,809 | | $ | 2,784 | | $ | 2,674 | | $ | 2,474 | Collection fees received | | $ | 1 | | $ | 1 | | $ | 1 | | $ | 1 | | $ | 1 | | $ | 1 | Return received on retained interests | | $ | 5 | | $ | 12 | | $ | 15 | | $ | 7 | | $ | 13 | | $ | 13 |
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