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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2014
Segment Reporting Information [Line Items]  
Business Segment Data
Duke Energy sold its interest in DukeNet Communications Holdings, LLC (DukeNet) to Time Warner Cable, Inc.
 
Three Months Ended June 30, 2014
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
5,272

 
$
364

 
$
304

 
$
5,940

 
$
9

 
$
—

 
$
5,949

Intersegment revenues
11

 
—

 
5

 
16

 
19

 
(35
)
 
—

Total revenues
$
5,283

 
$
364

 
$
309

 
$
5,956

 
$
28

 
$
(35
)
 
$
5,949

Segment income (loss)(a)(b)
$
689

 
$
146

 
$
(120
)
 
$
715

 
$
(103
)
 
$
—

 
$
612

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
4

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(3
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
613

Segment assets
$
101,070

 
$
5,463

 
$
5,652

 
$
112,185

 
$
2,807

 
$
181

 
$
115,173

(a)
Commercial Power includes a mark-to-market loss of $136 million, net of a tax benefit of $77 million, on economic hedges of the input and output commodities related to its fossil generation assets.
(b)
Other includes costs to achieve the Progress Energy merger.
 
Three Months Ended June 30, 2013
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)(b)
$
4,911

 
$
406

 
$
547

 
$
5,864

 
$
15

 
$
—

 
$
5,879

Intersegment revenues
9

 
—

 
10

 
19

 
21

 
(40
)
 
—

Total revenues
$
4,920

 
$
406

 
$
557

 
$
5,883

 
$
36

 
$
(40
)
 
$
5,879

Segment income (loss)(a)(b)(c)(d)(e)
$
353

 
$
87

 
$
41

 
$
481

 
$
(139
)
 
$
—

 
$
342

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
3

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(3
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
342

(a)
In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities.
(b)
In May 2013, the NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates beginning in June 2013. This rate increase impacts Regulated Utilities.
(c)
Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information.
(d)
Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at the Shearon Harris Nuclear Station (Harris) site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information.
(e)
Other includes costs to achieve the Progress Energy merger.
 
Six Months Ended June 30, 2014
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
11,067

 
$
746

 
$
746

 
$
12,559

 
$
14

 
$
—

 
$
12,573

Intersegment revenues
21

 
—

 
12

 
33

 
39

 
(72
)
 
—

Total revenues
$
11,088

 
$
746

 
$
758

 
$
12,592

 
$
53

 
$
(72
)
 
$
12,573

Segment income (loss)(a)(b)(c)
$
1,426

 
$
276

 
$
(999
)
 
$
703

 
$
(185
)
 
$
—

 
$
518

Add back noncontrolling interests component
 
 
 
 
 
 
 
 
 
 
 
 
8

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(6
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
520


(a)
Commercial Power includes an impairment charge related to the planned disposition of the Midwest Generation assets. See Note 2 for additional information.
(b)
Commercial Power includes a mark-to-market loss of $158 million, net of a tax benefit of $89 million, on economic hedges of the input and output commodities related to its fossil generation assets.
(c)
Other includes costs to achieve the Progress Energy merger.
 
Six Months Ended June 30, 2013
(in millions)
Regulated Utilities

 
International
Energy

 
Commercial
Power

 
Total
Reportable
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)(b)
$
9,963

 
$
798

 
$
986

 
$
11,747

 
$
30

 
$
—

 
$
11,777

Intersegment revenues
17

 
—

 
23

 
40

 
41

 
(81
)
 
—

Total revenues
$
9,980

 
$
798

 
$
1,009

 
$
11,787

 
$
71

 
$
(81
)
 
$
11,777

Segment income(a)(b)(c)(d)(e)
$
1,009

 
$
184

 
$
(1
)
 
$
1,192

 
$
(216
)
 
$
—

 
$
976

Add back noncontrolling interest
 
 
 
 
 
 
 
 
 
 
 
 
3

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(3
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
976

(a)
In May 2013, the PUCO approved a Duke Energy Ohio settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This rate increase impacts Regulated Utilities.
(b)
In May 2013, the NCUC approved a Duke Energy Progress settlement agreement that included an increase in rates in the first year beginning in June 2013. This rate increase impacts Regulated Utilities.
(c)
Regulated Utilities recorded an impairment charge related to Duke Energy Florida's Crystal River Unit 3. See Note 4 for additional information.
(d)
Regulated Utilities recorded an impairment charge related to the letter Duke Energy Progress filed with the NRC requesting the NRC to suspend its review activities associated with the combined construction and operating license (COL) at the Shearon Harris Nuclear Station (Harris) site. Regulated Utilities also recorded an impairment charge related to the write-off of the wholesale portion of the Levy investments at Duke Energy Florida in accordance with the 2013 Settlement. See Note 4 for additional information.
(e)
Other includes costs to achieve the Progress Energy merger.
Schedule of Net Loss for Other Segment
The following table summarizes the net loss for Other at each of these registrants.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions)
2014

 
2013

 
2014

 
2013

Duke Energy Carolinas
$
(27
)
 
$
(25
)
 
$
(48
)
 
$
(43
)
Progress Energy
(45
)
 
(55
)
 
(97
)
 
(133
)
Duke Energy Progress
(3
)
 
(14
)
 
(13
)
 
(20
)
Duke Energy Florida
(7
)
 
(7
)
 
(11
)
 
(12
)
Duke Energy Indiana
(4
)
 
(4
)
 
(7
)
 
(8
)
Duke Energy Ohio [Member]
  
Segment Reporting Information [Line Items]  
Business Segment Data
All of Duke Energy Ohio’s revenues are generated domestically and its long-lived assets are all in the U.S.
 
Three Months Ended June 30, 2014
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)
$
415

 
$
116

 
$
531

 
$
—

 
$
—

 
$
531

Intersegment revenues
—

 
5

 
5

 
—

 
(5
)
 
—

Total revenues
$
415

 
$
121

 
$
536

 
$
—

 
$
(5
)
 
$
531

Segment income (loss) / Consolidated net income(a)(b)
$
52

 
$
(154
)
 
$
(102
)
 
$
(5
)
 
$
—

 
$
(107
)
Segment assets
$
7,203

 
$
2,818

 
$
10,021

 
$
103

 
$
(555
)
 
$
9,569

(a)
In May 2013, the PUCO approved a settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This increase impacts Regulated Utilities.
(b)
Commercial Power includes an after-tax mark-to-market loss of $148 million, net of a tax benefit of $84 million, on economic hedges of the input and output commodities related to its fossil generation assets.
 
Three Months Ended June 30, 2013
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)
$
404

 
$
407

 
$
811

 
$
—

 
$
—

 
$
811

Intersegment revenues
—

 
8

 
8

 
—

 
(8
)
 
—

Total revenues
$
404

 
$
415

 
$
819

 
$
—

 
$
(8
)
 
$
811

Segment income / Consolidated net income(a)
$
27

 
$
35

 
$
62

 
$
(4
)
 
$
—

 
$
58


(a)
In May 2013, the PUCO approved a settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This increase impacts Regulated Utilities.
 
Six Months Ended June 30, 2014
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)
$
977

 
$
317

 
$
1,294

 
$
—

 
$
—

 
$
1,294

Intersegment revenues
—

 
12

 
12

 
—

 
(12
)
 
—

Total revenues
$
977

 
$
329

 
$
1,306

 
$
—

 
$
(12
)
 
$
1,294

Segment income (loss) / Consolidated net loss(a)(b)(c)
$
116

 
$
(1,105
)
 
$
(989
)
 
$
(8
)
 
$
—

 
$
(997
)
(a)
In May 2013, the PUCO approved a settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This increase impacts Regulated Utilities.
(b)
Commercial Power includes an impairment charge related to the planned disposition of the Midwest Generation assets. See Note 2 for additional information.
(c)
Commercial Power includes an after-tax mark-to-market loss of $181 million, net of a tax benefit of $101 million, on economic hedges of the input and output commodities related to its fossil generation assets.
 
Six Months Ended June 30, 2013
(in millions)
Regulated Utilities

 
Commercial Power

 
Total Reportable Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues(a)
$
896

 
$
662

 
$
1,558

 
$
—

 
$
—

 
$
1,558

Intersegment revenues
—

 
19

 
19

 
—

 
(19
)
 
—

Total revenues
$
896

 
$
681

 
$
1,577

 
$
—

 
$
(19
)
 
$
1,558

Segment income (loss) / Consolidated net income(a)
$
80

 
$
(33
)
 
$
47

 
$
(10
)
 
$
—

 
$
37

(a)
In May 2013, the PUCO approved a settlement agreement that provides for a net annual increase in electric distribution revenues beginning in May 2013. This increase impacts Regulated Utilities.