Income Taxes

6 Months Ended

Jun. 30, 2021

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				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Duke Energy	4.9	%	26.2	%	6.8	%	98.9	%
Duke Energy Carolinas	0.4	%	13.7	%	4.3	%	15.1	%
Progress Energy	8.3	%	14.9	%	10.2	%	16.1	%
Duke Energy Progress	2.7	%	13.9	%	5.6	%	15.7	%
Duke Energy Florida	19.0	%	19.1	%	19.1	%	19.4	%
Duke Energy Ohio	22.0	%	15.4	%	16.1	%	16.6	%
Duke Energy Indiana	15.6	%	17.3	%	16.7	%	19.3	%
Piedmont	33.3	%	128.6	%	10.8	%	5.8	%

The decrease in the ETR for Duke Energy for the three and six months ended June 30, 2021, was primarily due to the cancellation of the ACP pipeline project recorded in the prior year and an increase in the amortization of excess deferred taxes.

The decrease in the ETR for Duke Energy Carolinas for the three and six months ended June 30, 2021, was primarily due to an increase in the amortization of excess deferred taxes.

The decrease in the ETR for Progress Energy for the three and six months ended June 30, 2021, was primarily due to an increase in the amortization of excess deferred taxes.

The decrease in the ETR for Duke Energy Progress for the three and six months ended June 30, 2021, was primarily due to an increase in the amortization of excess deferred taxes.

The increase in the ETR for Duke Energy Ohio for the three months ended June 30, 2021, was primarily due to a decrease in the amortization of excess deferred taxes.

The decrease in the ETR for Duke Energy Indiana for the three and six months ended June 30, 2021, was primarily due to an increase in the amortization of excess deferred taxes.

The decrease in the ETR for Piedmont for the three months ended June 30, 2021, was primarily due to a decrease in AFUDC equity, in relation to pretax losses.

The increase in the ETR for Piedmont for the six months ended June 30, 2021, was primarily due to a decrease in AFUDC equity.