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Debt and Credit Facilities (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule Of Significant Debt Issuances
The following table summarizes significant debt issuances (in millions).
 
 
 
 
 
Six Months Ended June 30, 2014
Issuance Date
Maturity Date
 
Interest Rate

 
Duke Energy (Parent)

 
Duke Energy Progress

 
Duke Energy Florida

 
Duke Energy

Unsecured Debt
 
 
 
 
 
 
 
 
 
 
 
April 2014(a)
April 2024

3.750
%
 
$
600

 
$

 
$

 
$
600

April 2014(a)
April 2017

0.610
%
 
400

 

 

 
400

June 2014(b)
May 2019

10.700
%







108

June 2014(b)
May 2021

13.900
%







110

Secured Debt



 
 
 
 
 
 
 
 
March 2014(c)
March 2017

0.854
%
 

 

 
225

 
225

First Mortgage Bonds



 
 
 
 
 
 
 
 
March 2014(d)
March 2044

4.375
%
 

 
400

 

 
400

March 2014(d)
March 2017

0.430
%
 

 
250

 

 
250

Total issuances
 
 
 
 
$
1,000

 
$
650

 
$
225

 
$
2,093

(a)
Proceeds were used to redeem $402 million of tax-exempt bonds at Duke Energy Ohio, the repayment of outstanding commercial paper and for general corporate purposes. See Note 8 for additional information related to the redemption of Duke Energy Ohio's tax-exempt bonds.
(b)
Proceeds will be used to repay $196 million of current maturities for International Energy and for general corporate purposes.
(c)
Relates to the securitization of accounts receivable at a subsidiary of Duke Energy Florida. Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes. See Note 12 for further details.
(d)
Proceeds were used to repay short-term borrowings under the intercompany money pool borrowing arrangement and for general corporate purposes.
Schedule Of Current Maturities
The following table shows the significant components of Current maturities of long-term debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings.
(in millions)
Maturity Date
 
Interest Rate

 
June 30, 2014

Unsecured Debt
 
 
 
 
 
Duke Energy (Parent)
September 2014
 
3.950
%
 
$
500

Duke Energy (Parent)
April 2015
 
3.350
%
 
450

Duke Energy
July 2014

15.370
%

196

First Mortgage Bonds
 
 
 
 
 
Duke Energy Ohio
March 2015
 
0.370
%
 
150

Duke Energy Progress
April 2015
 
5.150
%
 
300

Other
 
 
 
 
291

Current maturities of long-term debt
 
 
 
 
$
1,887

Schedule Of Line Of Credit Facilities
The table below includes the current borrowing sublimits and available capacity under the master credit facility.
 
June 30, 2014
(in millions)
Duke Energy

 
Duke Energy (Parent)

 
Duke Energy Carolinas

 
Duke Energy Progress

 
Duke Energy Florida

 
Duke Energy Ohio

 
Duke Energy Indiana

Facility size(a)
$
6,000

 
$
2,250

 
$
1,000

 
$
750

 
$
650

 
$
650

 
$
700

Reduction to backstop issuances
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes payable and commercial paper(b)
(1,409
)
 
(873
)
 
(300
)
 
(75
)
 

 
(11
)
 
(150
)
Outstanding letters of credit
(64
)
 
(57
)
 
(4
)
 
(2
)
 
(1
)
 

 

Tax-exempt bonds
(156
)
 

 
(75
)
 

 

 

 
(81
)
Available capacity
$
4,371

 
$
1,320

 
$
621

 
$
673

 
$
649

 
$
639

 
$
469

(a)
Represents the sublimit of each borrower at June 30, 2014.
(b)
Duke Energy issued $450 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas and Duke Energy Indiana. The balances are classified within Long-term Debt in Duke Energy Carolinas' and Duke Energy Indiana’s Condensed Consolidated Balance Sheets.