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Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2023

Variable Interest Entities [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.


	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	February 2025		January 2025		April 2025		April 2024
Credit facility amount	$	350	$	500	$	400	$	325
Amounts borrowed at September 30, 2023	336		500		400		325
Amounts borrowed at December 31, 2022	350		471		400		250
Restricted Receivables at September 30, 2023	619		1,028		831		758
Restricted Receivables at December 31, 2022	917		928		793		490

VIE not primary beneficiary

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.


	September 30, 2023
	Duke Energy		Duke		Duke
	Natural Gas		Energy		Energy
(in millions)	Investments		Ohio		Indiana
Receivables from affiliated companies	$	—	$	122	$	161

Investments in equity method unconsolidated affiliates	61		—		—
Other noncurrent assets	43		—		—
Total assets	$	104	$	122	$	161

Other current liabilities	18		—		—

Other noncurrent liabilities	12		—		—
Total liabilities	$	30	$	—	$	—
Net assets	$	74	$	122	$	161


	December 31, 2022
	Duke Energy		Duke		Duke
	Natural Gas		Energy		Energy
(in millions)	Investments		Ohio		Indiana
Receivables from affiliated companies	$	—	$	198	$	317

Investments in equity method unconsolidated affiliates	43		—		—
Other noncurrent assets	45		—		—
Total assets	$	88	$	198	$	317

Other current liabilities	59		—		—

Other noncurrent liabilities	47		—		—
Total liabilities	$	106	$	—	$	—
Net (liabilities) assets	$	(18)	$	198	$	317

DEFPF | VIE primary beneficiary

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)	September 30, 2023		December 31, 2022
Receivables of VIEs	$	8	$	6
Regulatory Assets: Current	58		55
Current Assets: Other	24		41
Other Noncurrent Assets: Regulatory assets	816		826
Current Liabilities: Other	2		9
Current maturities of long-term debt	58		56
Long-Term Debt	832		890

DECNCSF and DEPNCSF | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the impact of these VIEs on Duke Energy Carolinas’ and Duke Energy Progress’ Consolidated Balance Sheets.


	September 30, 2023				December 31, 2022
	Duke Energy		Duke Energy		Duke Energy		Duke Energy
(in millions)	Carolinas		Progress		Carolinas		Progress
Regulatory Assets: Current	$	12	$	39	$	12	$	39
Current Assets: Other	5		16		8		29
Other Noncurrent Assets: Regulatory assets	199		653		208		681
Other Noncurrent Assets: Other	1		2		1		2

Current Liabilities: Other	1		4		3		8
Current maturities of long-term debt	11		34		10		34
Long-Term Debt	208		680		219		714

CRC | VIE not primary beneficiary

Variable Interest Entities [Line Items]

Schedule of Variable Interest Entities

The following table shows the gross and net receivables sold.


	Duke Energy Ohio				Duke Energy Indiana
(in millions)	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
Receivables sold	$	334	$	423	$	330	$	508
Less: Retained interests	122		198		161		317
Net receivables sold	$	212	$	225	$	169	$	191

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


		Duke Energy Ohio						Duke Energy Indiana
	Nine Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)			2023		2022				2023		2022
Sales
Receivables sold			$	1,973	$	1,869			$	2,453	$	2,646
Loss recognized on sale			25		11				29		15
Cash flows
Cash proceeds from receivables sold			$	2,024	$	1,757			$	2,580	$	2,465
Collection fees received			1		1				1		1
Return received on retained interests			15		6				19		9

- 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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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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