Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2015

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

Duke Energy Carolinas and Duke Energy Progress participate in a JDA which allows the collective dispatch of power plants between the service territories to reduce customer rates. Revenues from the sale of power under the JDA are recorded in Operating Revenues on the Consolidated Statements of Operations and Comprehensive Income. Expenses from the purchase of power under the JDA are recorded in Fuel used in electric generation and purchased power on the Consolidated Statements of Operations and Comprehensive Income.

(d)

In 2013, Progress Energy Service Company (PESC), a consolidated subsidiary of Progress Energy, charged a proportionate share of corporate governance and other costs to consolidated affiliates of Duke Energy. Corporate governance and other shared costs were primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These charges were recorded as an offset to Operation, maintenance and other in the Consolidated Statements of Operations and Comprehensive Income. Effective January 1, 2014, PESC was contributed to Duke Energy Corporate Services (DECS), a consolidated subsidiary of Duke Energy, and these costs were no longer charged out of Progress Energy. Progress Energy recorded a non-cash after-tax equity transfer related to the contribution of PESC to DECS in its Consolidated Statements of Changes in Common Stockholder's Equity.

Intercompany Income Tax Receivable

Income taxes recorded represent amounts the Subsidiary Registrants would incur as separate C-Corporations. The following table includes the balance of intercompany income tax receivables for the subsidiary registrants.



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95

Progress Energy [Member]

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

(d)

Intercompany Income Tax Receivable



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95

Duke Energy Progress [Member]

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

(d)

Intercompany Income Tax Receivable



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95

Duke Energy Florida [Member]

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

(d)

Intercompany Income Tax Receivable



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95

Duke Energy Ohio [Member]

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

(d)

Intercompany Income Tax Receivable



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95

Duke Energy Indiana [Member]

Material amounts related to transactions with related parties included in the Consolidated Statements of Operations and Comprehensive Income are presented in the following table.



	Years Ended December 31,
(in millions)	2015		2014		2013
Duke Energy Carolinas
Corporate governance and shared service expenses^(a)	$	914	$	851	$	927
Indemnification coverages^(b)	24		21		22
JDA revenue^(c)	51		133		121
JDA expense^(c)	183		198		116
Progress Energy
Corporate governance and shared services provided by Duke Energy^(a)	$	712	$	732	$	290
Corporate governance and shared services provided to Duke Energy^(d)	—		—		96
Indemnification coverages^(b)	38		33		34
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Progress
Corporate governance and shared service expenses^(a)	$	403	$	386	$	266
Indemnification coverages^(b)	16		17		20
JDA revenue^(c)	183		198		116
JDA expense^(c)	51		133		121
Duke Energy Florida
Corporate governance and shared service expenses^(a)	$	309	$	346	$	182
Indemnification coverages^(b)	22		16		14
Duke Energy Ohio
Corporate governance and shared service expenses^(a)	$	342	$	316	$	347
Indemnification coverages^(b)	6		13		15
Duke Energy Indiana
Corporate governance and shared service expenses^(a)	$	349	$	384	$	422
Indemnification coverages^(b)	9		11		14


(a)	The Subsidiary Registrants are charged their proportionate share of corporate governance and other shared services costs, primarily related to human resources, employee benefits, legal and accounting fees, as well as other third-party costs. These amounts are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.


(b)	The Subsidiary Registrants incur expenses related to certain indemnification coverages through Bison, Duke Energy’s wholly owned captive insurance subsidiary. These expenses are recorded in Operation, maintenance and other on the Consolidated Statements of Operations and Comprehensive Income.

(c)

(d)

Intercompany Income Tax Receivable



	Duke				Duke		Duke		Duke		Duke
	Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Carolinas		Energy		Progress		Florida		Ohio		Indiana
December 31, 2015
Intercompany income tax receivable	$	122	$	120	$	104	$	—	$	54	$	—
Intercompany income tax payable	—		—		—		96		—		47

December 31, 2014
Intercompany income tax receivable	$	43	$	713	$	267	$	174	$	39	$	95