v3.3.0.814

Debt and Credit Facilities | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Debt And Credit Facilities | DEBT AND CREDIT FACILITIES SUMMARY OF SIGNIFICANT DEBT ISSUANCES The following table summarizes significant debt issuances (in millions).
|  |  |  |  | Nine Months Ended
|  |  |  |  | September 30, 2015
|  |  |  |  |  |  | Duke |  |  | Duke |
| Maturity |  | Interest |  |  | Duke |  |  | Energy |  |  | Energy |
Issuance Date | Date |  | Rate |  |  | Energy |  |  | Carolinas |  |  | Progress |
First Mortgage Bonds |  |  |  |  |  |  |  |  |
March 2015(a) | June 2045 |  | 3.750 | % |  | $ | 500 |  |  | $ | 500 |  |  | $ | — |
August 2015(b) | August 2025 |  | 3.250 | % |  | 500 |  |  | — |  |  | 500 |
August 2015(b) | August 2045 |  | 4.200 | % |  | 700 |  |  | — |  |  | 700 |
Total issuances |  |  |  |  | $ | 1,700 |  |  | $ | 500 |  |  | $ | 1,200 |
(a) | Proceeds were used to redeem at maturity $500 million of first mortgage bonds due October 2015.
(b) | Proceeds were used to repay short-term money pool and commercial paper borrowings issued to fund a portion of the NCEMPA acquisition, see Note 2 for further information. Additionally, proceeds will be used to refinance at maturity $400 million of first mortgage bonds due December 2015.
CURRENT MATURITIES OF LONG-TERM DEBT 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 |  |  | September 30, 2015 |
Unsecured Debt |  |  |  |  |
Progress Energy (Parent) | January 2016 |  | 5.625 | % |  | $ | 300 |
Duke Energy Indiana | June 2016 |  | 6.05 | % |  | 325 |
First Mortgage Bonds |  |  |  |  |
Duke Energy Carolinas | October 2015 |  | 5.300 | % |  | 500 |
Duke Energy Florida | November 2015 |  | 0.650 | % |  | 250 |
Duke Energy Florida | December 2015 |  | 5.100 | % |  | 300 |
Duke Energy Progress | December 2015 |  | 5.250 | % |  | 400 |
Duke Energy Indiana | July 2016 |  | 0.636 | % |  | 150 |
Other |  |  |  |  | 311 |
Current maturities of long-term debt |  |  |  |  | $ | 2,536 |
MASTER CREDIT FACILITY Duke Energy has a Master Credit Facility with a capacity of $7.5 billion through January 2020. The Duke Energy Registrants, excluding Progress Energy (Parent), have borrowing capacity under the Master Credit Facility up to a specified sublimit for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower. The amount available under the Master Credit Facility has been reduced to backstop issuances of commercial paper, certain letters of credit, variable-rate demand tax-exempt bonds that may be put to the Duke Energy Registrants at the option of the holder and as security to meet obligations under the Plea Agreements. The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility.
| September 30, 2015
|  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
| Duke |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) | Energy |  |  | (Parent) |  |  | Carolinas |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Facility size(a) | $ | 7,500 |  |  | $ | 3,300 |  |  | $ | 800 |  |  | $ | 1,300 |  |  | $ | 1,200 |  |  | $ | 400 |  |  | $ | 500 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (1,793 | ) |  | (1,318 | ) |  | (300 | ) |  | — |  |  | — |  |  | (25 | ) |  | (150 | )
Outstanding letters of credit | (72 | ) |  | (64 | ) |  | (4 | ) |  | (3 | ) |  | (1 | ) |  | — |  |  | — |
Tax-exempt bonds | (116 | ) |  | — |  |  | (35 | ) |  | — |  |  | — |  |  | — |  |  | (81 | )
Coal ash set-aside(c) | (500 | ) |  | — |  |  | (250 | ) |  | (250 | ) |  | — |  |  | — |  |  | — |
Available capacity | $ | 5,019 |  |  | $ | 1,918 |  |  | $ | 211 |  |  | $ | 1,047 |  |  | $ | 1,199 |  |  | $ | 375 |  |  | $ | 269 |
(a) | Represents the sublimit of each borrower.
(b) | Duke Energy issued $475 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies in the Condensed Consolidated Balance Sheets.
(c) | On May 14, 2015, the United States District Court for the Eastern District of North Carolina approved the separate Plea Agreements entered into by Duke Energy Carolinas, Duke Energy Progress and DEBS, a wholly owned subsidiary of Duke Energy, in connection with the investigation initiated by the USDOJ. Duke Energy Carolinas and Duke Energy Progress are required to each maintain $250 million of available capacity under the Master Credit Facility as security to meet their obligations under the Plea Agreements, in addition to certain other conditions. See Note 5 for further details.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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