Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of purchase price allocation

The purchase price allocation is presented in the following table.

(in millions)
Inventory	$	56
Net property, plant and equipment	845
Total assets	901
Purchase acquisition adjustment	350
Total purchase price	$	1,251

Generation Facilities of Disposal Group

The following table presents information related to the Duke Energy Ohio generation plants included in the Disposal Group.

				Total MW	Owned MW	Ownership
Facility	Plant Type	Primary Fuel	Location	Capacity(d)	Capacity(d)	Interest
Stuart(a)(c)	Fossil Steam	Coal	OH	2,308	900	39	%
Zimmer(a)	Fossil Steam	Coal	OH	1,300	605	46.5	%
Hanging Rock	Combined Cycle	Natural Gas	OH	1,226	1,226	100	%
Miami Fort (Units 7 and 8) (b)	Fossil Steam	Coal	OH	1,020	652	64	%
Conesville(a)(c)	Fossil Steam	Coal	OH	780	312	40	%
Washington	Combined Cycle	Natural Gas	OH	617	617	100	%
Fayette	Combined Cycle	Natural Gas	PA	614	614	100	%
Killen(b)(c)	Fossil Steam	Coal	OH	600	198	33	%
Lee	Combustion Turbine	Natural Gas	IL	568	568	100	%
Dick's Creek	Combustion Turbine	Natural Gas	OH	136	136	100	%
Miami Fort	Combustion Turbine	Oil	OH	56	56	100	%
Total Midwest Generation				9,225	5,884

(a) Jointly owned with America Electric Power Generation Resources and The Dayton Power & Light Company.

(b) Jointly owned with The Dayton Power & Light Company.

(c) Facility was not operated by Duke Energy Ohio.

(d) Total megawatt (MW) capacity is based on summer capacity.

Income Statement Disclosures

The following table presents the results of discontinued operations.

Duke Energy

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)	2015			2014			2015			2014
Operating Revenues	$	—		$	620		$	543		$	1,233
(Loss) Gain on disposition(a)	(5		)	460			(42		)	(847		)
(Loss) Income before income taxes(b)	$	(5	)	$	623		$	62		$	(864	)
Income tax (benefit) expense	(1		)	218			29			(321		)
(Loss) Income from discontinued operations of the Disposal Group	(4		)	405			33			(543		)
Other, net of tax(c)	(1		)	(27		)	(4		)	(35		)
(Loss) Income from Discontinued Operations, net of tax	$	(5	)	$	378		$	29		$	(578	)

(a) The (Loss) Gain on disposition includes impairments and reversals to the impairments recorded to adjust the carrying amount of the assets to the estimated fair value of the business, based on the selling price to Dynegy less cost to sell.

(b) The (Loss) Income before income taxes includes the pretax impact of an $81 million charge for the settlement agreement reached in a lawsuit related to the Disposal Group for the nine months ended September 30, 2015. Refer to Note 5 for further information related to the lawsuit.

(c) Includes other discontinued operations related to prior sales of businesses and includes indemnifications provided for certain legal, tax and environmental matters, and foreign currency translation adjustments.

Duke Energy Ohio

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions)	2015			2014		2015			2014
Operating Revenues	$	—		$	536	$	412		$	853
(Loss) Gain on disposition(a)	(4		)	466		(48		)	(878		)
(Loss) Income before income taxes(b)	$	(4	)	$	647	$	48		$	(917	)
Income tax (benefit) expense	(2		)	234		25			(320		)
(Loss) Income from Discontinued Operations, net of tax	$	(2	)	$	413	$	23		$	(597	)

(a) The (Loss) Gain on disposition includes impairments and reversals to the impairments recorded to adjust the carrying amount of the assets to the estimated fair value of the business, based on the selling price to Dynegy less cost to sell.

(b) The (Loss) Income before income taxes includes the pretax impact of an $81 million charge for the settlement agreement reached in a lawsuit related to the Disposal Group for the nine months ended September 30, 2015, respectively. Refer to Note 5 for further information related to the lawsuit.