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Income Taxes
 6 Months Ended
Jun. 30, 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 EndedSix Months Ended
June 30,June 30,
2023202220232022
Duke Energy13.7 %11.3 %13.7 %7.4 %
Duke Energy Carolinas10.6 %7.3 %11.0 %7.4 %
Progress Energy16.7 %16.8 %16.7 %16.4 %
Duke Energy Progress14.1 %13.8 %14.4 %13.9 %
Duke Energy Florida19.9 %20.2 %19.9 %20.1 %
Duke Energy Ohio15.5 %13.8 %16.2 %(54.7)%
Duke Energy Indiana17.4 %8.6 %17.3 %(48.9)%
Piedmont25.0 %85.7 %17.8 %11.3 %
The increase in the ETR for Duke Energy for the three and six months ended June 30, 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 and six months ended June 30, 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 June 30, 2023, was primarily due to the amortization of excess deferred taxes in relation to higher pretax income.
The increase in the ETR for Duke Energy Ohio for the six months ended June 30, 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 increase in the ETR for Duke Energy Indiana for the three months ended June 30, 2023, was primarily due to a decrease in the amortization of excess deferred taxes related to the coal ash impairment based on the Indiana Supreme Court Opinion recorded in the prior year.
The increase in the ETR for Duke Energy Indiana for the six months ended June 30, 2023, was primarily due to the coal ash impairment based on the Indiana Supreme Court Opinion and the associated amortization of excess deferred taxes recorded in the prior year.
The decrease in the ETR for Piedmont for the three months ended June 30, 2023, was primarily due to certain favorable tax credits recorded in the prior year, in relation to pretax losses.
The increase in the ETR for Piedmont for the six months ended June 30, 2023, was primarily due to a decrease in the amortization of excess deferred taxes and certain favorable tax credits recorded in the prior year.