Income Taxes

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

EFFECTIVE TAX RATES

The ETRs from continuing operations for each of the Duke Energy Registrants are included in the following table.

	Three Months Ended
	March 31,
	2023		2022
Duke Energy	13.8	%	2.9	%
Duke Energy Carolinas	11.4	%	7.4	%
Progress Energy	16.7	%	15.9	%
Duke Energy Progress	14.6	%	14.0	%
Duke Energy Florida	19.9	%	20.1	%
Duke Energy Ohio	16.7	%	(266.7)	%
Duke Energy Indiana	17.2	%	31.9	%
Piedmont	17.7	%	13.4	%

The increase in the ETR for Duke Energy for the three months ended March 31, 2023, was primarily due to a decrease in the amortization of excess deferred taxes.

The increase in the ETR for Duke Energy Carolinas for the three months ended March 31, 2023, was primarily due to a decrease in the amortization of excess deferred taxes.

The increase in the ETR for Duke Energy Ohio for the three months ended March 31, 2023, was primarily due to a decrease in the amortization of excess deferred taxes related to the MGP Settlement recorded in the prior year.

The decrease in the ETR for Duke Energy Indiana for the three months ended March 31, 2023, was primarily due to the coal ash impairment in the prior year, based on the Indiana Supreme Court Opinion.

The increase in the ETR for Piedmont for the three months ended March 31, 2023, was primarily due to a decrease in the amortization of excess deferred taxes.