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Business Segments (Tables)
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3 Months Ended |
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Mar. 31, 2013
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Mar. 31, 2012
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| Segment Reporting Information [Line Items] |
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| Business Segment Data |
| | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2013 | | (in millions) | USFE&G | | Commercial
Power | | International
Energy | | Total
Reportable
Segments | | Other | | Eliminations | | Consolidated | | Unaffiliated revenues | $ | 5,052 | | $ | 439 | | $ | 392 | | $ | 5,883 | | $ | 15 | | $ | ― | | $ | 5,898 | | Intersegment revenues | | 8 | | | 13 | | | ― | | | 21 | | | 20 | | | (41) | | | ― | | | Total revenues | $ | 5,060 | | $ | 452 | | $ | 392 | | $ | 5,904 | | $ | 35 | | $ | (41) | | $ | 5,898 | | Segment income / Consolidated net income (a) | $ | 656 | | $ | (42) | | $ | 97 | | $ | 711 | | $ | (77) | | $ | ― | | $ | 634 | | Segment assets | | 98,419 | | | 6,937 | | | 5,521 | | | 110,877 | | | 2,696 | | | 93 | | | 113,666 | | | | | | | | | | | | | | | | | | | | | | | | | (a) | Other includes after-tax costs to achieve the merger with Progress Energy of $34 million, net of tax of $21 million. See Note 2 for additional information. | | | | | | | | | | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2012 | | (in millions) | USFE&G | | Commercial
Power | | International
Energy | | Total
Reportable
Segments | | Other | | Eliminations | | Consolidated | | Unaffiliated revenues(a) | $ | 2,660 | | $ | 564 | | $ | 402 | | $ | 3,626 | | $ | 4 | | $ | ― | | $ | 3,630 | | Intersegment revenues | | 8 | | | 16 | | | ― | | | 24 | | | 11 | | | (35) | | | ― | | | Total revenues | $ | 2,668 | | $ | 580 | | $ | 402 | | $ | 3,650 | | $ | 15 | | $ | (35) | | $ | 3,630 | | Segment income(a)(b) | $ | 136 | | $ | 31 | | $ | 142 | | $ | 309 | | $ | (16) | | $ | ― | | $ | 293 | | Add back noncontrolling interest component | | | | | | | | | | | | | | | | | | | | 4 | | Income from discontinued operations, net of tax | | | | | | | | | | | | | | | | | | | | 2 | | Consolidated net income | | | | | | | | | | | | | | | | | | | $ | 299 | | | | | | | | | | | | | | | | | | | | | | | | | (a) | On January 25, 2012 and January 27, 2012, the Duke Energy Carolinas' South Carolina and North Carolina rate case settlement agreements were approved by the PSCSC and NCUC, respectively. Among other things, the rate case settlements included an annual base rate increase of $309 million in North Carolina and a $93 million annual base rate increase in South Carolina, both beginning in February 2012. The impact of these rates impacts USFE&G. | | (b) | USFE&G recorded an after-tax impairment charge of $268 million, net of tax of $152 million, related to Duke Energy Indiana's Edwardsport Integrated Gasification Combined Cycle (IGCC) project. USFE&G also recorded the reversal of expenses of $60 million, net of tax of $39 million, related to a prior year Voluntary Opportunity Plan in accordance with Duke Energy Carolinas' 2011 rate case. | | | | | | | | | | | | | | | | | | | | | | | |
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Duke Energy Carolinas [Member]
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| Segment Reporting Information [Line Items] |
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| Schedule of Net Loss for Other Segment |
| | | | | | | | | | | Three Months Ended March 31, | | (in millions) | 2013 | | 2012 | | Duke Energy Carolinas | $ | (19) | | $ | (8) | | Duke Energy Progress | | (7) | | | (3) | | Duke Energy Florida | | (5) | | | (1) | | Duke Energy Indiana | | (4) | | | (4) | | | | | | | | |
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Progress Energy [Member]
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| Segment Reporting Information [Line Items] |
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| Business Segment Data |
| | | Three Months Ended March 31, 2013 | | (in millions) | Franchised
Electric | | Total
Reportable
Segment | | Other | | Eliminations | | Consolidated | | Unaffiliated revenues | $ | 2,169 | | $ | 2,169 | | $ | 9 | | $ | ― | | $ | 2,178 | | Affiliated revenues | | 9 | | | 9 | | | ― | | | (1) | | | 8 | | | Total revenues | $ | 2,178 | | $ | 2,178 | | $ | 9 | | $ | (1) | | $ | 2,186 | | Segment income(a) | $ | 232 | | $ | 232 | | $ | (79) | | $ | ― | | $ | 153 | | Add back noncontrolling interest component | | | | | | | | | | | | | | 1 | | Consolidated net income | | | | | | | | | | | | | $ | 154 | | Segment assets | | 36,786 | | | 36,786 | | | 520 | | | (21) | | | 37,285 | | | | | | | | | | | | | | | | | | | (a) | Other includes after-tax costs to achieve the merger with Duke Energy of $12 million, net of tax of $8 million. See Note 2 for additional information. | | | | | | | | | | | | | | | | | |
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| | | Three Months Ended March 31, 2012 | | (in millions) | Franchised
Electric | | Total
Reportable
Segment | | Other | | Eliminations | | Consolidated | | Unaffiliated revenues | $ | 2,099 | | $ | 2,099 | | $ | 3 | | $ | ― | | $ | 2,102 | | Affiliated revenues | | 1 | | | 1 | | | ― | | | (1) | | | ― | | | Total revenues | $ | 2,100 | | $ | 2,100 | | $ | 3 | | $ | (1) | | $ | 2,102 | | Segment income(a) | $ | 178 | | $ | 178 | | $ | (39) | | $ | ― | | $ | 139 | | Add back noncontrolling interest component | | | | | | | | | | | | | | 2 | | Income from discontinued operations, net of tax | | | | | | | | | | | | | | 11 | | Consolidated net income | | | | | | | | | | | | | $ | 152 | | | | | | | | | | | | | | | | | | | (a) | Other includes after-tax costs to achieve the merger with Duke Energy of $4 million, net of tax of $3 million. See Note 2 for additional information. | | | | | | | | | | | | | | | | | |
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Duke Energy Progress [Member]
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| Segment Reporting Information [Line Items] |
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| Schedule of Net Loss for Other Segment |
| | | | | | | | | | | Three Months Ended March 31, | | (in millions) | 2013 | | 2012 | | Duke Energy Carolinas | $ | (19) | | $ | (8) | | Duke Energy Progress | | (7) | | | (3) | | Duke Energy Florida | | (5) | | | (1) | | Duke Energy Indiana | | (4) | | | (4) | | | | | | | | |
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Duke Energy Florida [Member]
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| Segment Reporting Information [Line Items] |
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| Schedule of Net Loss for Other Segment |
| | | | | | | | | | | Three Months Ended March 31, | | (in millions) | 2013 | | 2012 | | Duke Energy Carolinas | $ | (19) | | $ | (8) | | Duke Energy Progress | | (7) | | | (3) | | Duke Energy Florida | | (5) | | | (1) | | Duke Energy Indiana | | (4) | | | (4) | | | | | | | | |
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Duke Energy Ohio [Member]
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| Segment Reporting Information [Line Items] |
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| Business Segment Data |
| | | Three Months Ended March 31, 2013 | | (in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | | Unaffiliated revenues | $ | 492 | $ | 255 | $ | 747 | $ | ― | $ | ― | $ | 747 | | Intersegment revenues | | ― | | 11 | | 11 | | ― | | (11) | | ― | | | Total revenues | $ | 492 | $ | 266 | $ | 758 | $ | ― | $ | (11) | $ | 747 | | Segment income / Consolidated net income | $ | 53 | $ | (67) | $ | (14) | $ | (7) | $ | ― | $ | (21) | | Segment assets | | 6,514 | | 4,120 | | 10,634 | | 109 | | (160) | | 10,583 | | | | | | | | | | | | | | | |
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| | | Three Months Ended March 31, 2012 | | (in millions) | Franchised Electric and Gas | Commercial Power | Total Reportable Segments | Other | Eliminations | Consolidated | | Unaffiliated revenues | $ | 473 | $ | 439 | $ | 912 | $ | ― | $ | ― | $ | 912 | | Intersegment revenues | | ― | | 15 | | 15 | | ― | | (15) | | ― | | | Total revenues | $ | 473 | $ | 454 | $ | 927 | $ | ― | $ | (15) | $ | 912 | | Segment income / Consolidated net income | $ | 34 | $ | 44 | $ | 78 | $ | (4) | $ | ― | $ | 74 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Duke Energy Indiana [Member]
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| Segment Reporting Information [Line Items] |
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| Schedule of Net Loss for Other Segment |
| | | | | | | | | | | Three Months Ended March 31, | | (in millions) | 2013 | | 2012 | | Duke Energy Carolinas | $ | (19) | | $ | (8) | | Duke Energy Progress | | (7) | | | (3) | | Duke Energy Florida | | (5) | | | (1) | | Duke Energy Indiana | | (4) | | | (4) | | | | | | | | |
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