Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2016

Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities described above. Amounts borrowed under the credit facilities are reflected on the Condensed Consolidated Balance Sheets as Long-Term Debt.



	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
	CRC		DERF		DEPR		DEFR
Expiration date	December 2018		December 2018		February 2019		April 2019
Credit facility amount (in millions)	$	325	$	425	$	300	$	225
Amounts borrowed at June 30, 2016	325		425		300		225
Amounts borrowed at December 31, 2015	325		425		254		225

Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of non-consolidated VIEs on the Condensed Consolidated Balance Sheets.



	June 30, 2016
	Duke Energy						Duke		Duke
							Energy		Energy
(in millions)	Renewables		Other		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	39	$	58
Investments in equity method unconsolidated affiliates	222		252		474		—		—
Total assets	$	222	$	252	$	474	$	39	$	58
Other current liabilities	—		3		3		—		—
Deferred credits and other liabilities	—		13		13		—		—
Total liabilities	$	—	$	16	$	16	$	—	$	—
Net assets	$	222	$	236	$	458	$	39	$	58



	December 31, 2015
	Duke Energy						Duke		Duke
							Energy		Energy
(in millions)	Renewables		Other		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	47	$	60
Investments in equity method unconsolidated affiliates	235		152		387		—		—
Total assets	$	235	$	152	$	387	$	47	$	60
Other current liabilities	—		3		3		—		—
Deferred credits and other liabilities	—		14		14		—		—
Total liabilities	$	—	$	17	$	17	$	—	$	—
Net assets	$	235	$	135	$	370	$	47	$	60

Cinergy Receivables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

Key assumptions used in estimating fair value are detailed in the following table.



	Duke Energy Ohio				Duke Energy Indiana
	2016		2015		2016		2015
Anticipated credit loss ratio	0.5	%	0.6	%	0.3	%	0.3	%
Discount rate	1.4	%	1.2	%	1.4	%	1.2	%
Receivable turnover rate	13.2	%	12.9	%	10.6	%	10.6	%

The following table shows the gross and net receivables sold.



	Duke Energy Ohio				Duke Energy Indiana
(in millions)	June 30, 2016		December 31, 2015		June 30, 2016		December 31, 2015
Receivables sold	$	208	$	233	$	279	$	260
Less: Retained interests	39		47		58		60
Net receivables sold	$	169	$	186	$	221	$	200

The following table shows sales and cash flows related to receivables sold.



	Duke Energy Ohio								Duke Energy Indiana
	Three Months Ended				Six Months Ended				Three Months Ended				Six Months Ended
	June 30,				June 30,				June 30,				June 30,
(in millions)	2016		2015		2016		2015		2016		2015		2016		2015
Sales
Receivables sold	$	429	$	425	$	961	$	1,069	$	623	$	637	$	1,258	$	1,353
Loss recognized on sale	2		2		5		5		2		2		5		5
Cash flows
Cash proceeds from receivables sold	427		467		964		1,107		612		660		1,255		1,382
Collection fees received	—		1		—		1		1		1		1		1
Return received on retained interests	—		1		1		2		1		1		2		3

DEFPF [Member] | Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.



(in millions)	June 30, 2016
Regulatory Assets: Current	$	34
Current Assets: Other	7
Regulatory Assets and Deferred Debits: Regulatory assets	1,194
Current maturities of long-term debt	35
Long-Term Debt	1,243

Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents material balances reported on Duke Energy's Condensed Consolidated Balance Sheets related to renewables VIEs.



(in millions)	June 30, 2016			December 31, 2015
Current Assets: Other	$	223		$	138
Property, plant and equipment, cost	2,578			2,015
Accumulated depreciation and amortization	(376		)	(321		)
Current maturities of long-term debt	154			108
Long-Term Debt	866			968
Deferred Credits and Other Liabilities: Deferred income taxes	31			289
Deferred Credits and Other Liabilities: Other	277			33

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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