Joint Ownership of Generating and Transmission Facilities

12 Months Ended

Dec. 31, 2023

Joint Ownership Of Generating And Transmission Facilities [Abstract]

Joint Ownership of Generating and Transmission Facilities

JOINT OWNERSHIP OF GENERATING AND TRANSMISSION FACILITIES

The Duke Energy Registrants maintain ownership interests in certain jointly owned generating and transmission facilities and are entitled to a share of the generating capacity and output of each unit equal to their respective ownership interests. The Duke Energy Registrants pay their ownership share of additional construction costs, fuel inventory purchases and operating expenses. The Duke Energy Registrants share of revenues and operating costs of the jointly owned facilities is included within the corresponding line in the Consolidated Statements of Operations. Each participant in the jointly owned facilities must provide its own financing.

The following table presents the Duke Energy Registrants' interest of jointly owned plant or facilities and amounts included on the Consolidated Balance Sheets. All facilities are operated by the Duke Energy Registrants and are included in the EU&I segment.

	December 31, 2023
							Construction
	Ownership		Property, Plant		Accumulated		Work in
(in millions except for ownership interest)	Interest		and Equipment		Depreciation		Progress
Duke Energy Carolinas
Catawba (units 1 and 2)(a)	19.25	%	$	976	$	559	$	42
W.S. Lee CC(b)	87.27	%	654		98		2
Duke Energy Indiana
Gibson (unit 5)(c)	50.05	%	460		263		4
Vermillion(d)	62.50	%	183		119		—
Transmission and local facilities(c)	Various		7,252		1,578		180

(a)    Jointly owned with North Carolina Municipal Power Agency Number 1, NCEMC and PMPA.

(b)    Jointly owned with NCEMC.

(c)    Jointly owned with WVPA and IMPA.

(d)    Jointly owned with WVPA.