v3.3.0.814
Business Segments (Tables)
 9 Months Ended
Sep. 30, 2015
Segment Reporting Information [Line Items]  
Business Segment Data
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
International

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Energy

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
6,138

 
$
281

 
$
66

 
$
6,485

 
$
(2
)
 
$
—

 
$
6,483

Intersegment revenues
9

 
—

 
—

 
9

 
19

 
(28
)
 
—

Total revenues
$
6,147

 
$
281

 
$
66

 
$
6,494

 
$
17

 
$
(28
)
 
$
6,483

Segment income (loss)(a)(b)
$
905

 
$
69

 
$
(3
)
 
$
971

 
$
(34
)
 
$
—

 
$
937

Add back noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
3

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(5
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
935

Segment assets
$
110,520

 
$
3,730

 
$
3,841

 
$
118,091

 
$
2,757

 
$
185

 
$
121,033

(a)    Regulated Utilities includes an after-tax charge of $56 million related to the Edwardsport settlement. Refer to Note 4
for further information.
(b)    Other includes $15 million of after-tax costs to achieve the 2012 Progress Energy merger.
 
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
International

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Energy

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
5,975

 
$
366

 
$
50

 
$
6,391

 
$
4

 
$
—

 
$
6,395

Intersegment revenues
11

 
—

 
—

 
11

 
21

 
(32
)
 
—

Total revenues
$
5,986

 
$
366

 
$
50

 
$
6,402

 
$
25

 
$
(32
)
 
$
6,395

Segment income (loss)(a)
$
920

 
$
80

 
$
(17
)
 
$
983

 
$
(92
)
 
$
(3
)
 
$
888

Add back noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
3

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
378

Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,269

(a)     Other includes $35 million of after-tax costs to achieve the 2012 Progress Energy merger.
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
International

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Energy

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
17,062

 
$
841

 
$
214

 
$
18,117

 
$
20

 
$
—

 
$
18,137

Intersegment revenues
28

 
—

 
—

 
28

 
58

 
(86
)
 
—

Total revenues
$
17,090

 
$
841

 
$
214

 
$
18,145

 
$
78

 
$
(86
)
 
$
18,137

Segment income (loss)(a)(b)(c)
$
2,311

 
$
157

 
$
(35
)
 
$
2,433

 
$
(119
)
 
$
(4
)
 
$
2,310

Add back noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
10

Income from discontinued operations, net of tax(d)
 
 
 
 
 
 
 
 
 
 
 
 
29

Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
2,349


(a)
Regulated Utilities includes an after-tax charge of $56 million related to the Edwardsport settlement. Refer to Note 4 for further information.
(b)    Other includes $42 million of after-tax costs to achieve the 2012 Progress Energy merger.
(c)
Commercial Portfolio includes state tax expense of $41 million, resulting from changes to state apportionment factors due to the sale of the Disposal Group, that does not qualify for discontinued operations. Refer to Note 2 for further information related to the sale.
(d)
Includes after-tax impact of $53 million for the settlement agreement reached in a lawsuit related to the Disposal Group. Refer to Note 5 for further information related to the lawsuit.
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
International

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Energy

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
17,041

 
$
1,111

 
$
195

 
$
18,347

 
$
19

 
$
—

 
$
18,366

Intersegment revenues
33

 
—

 
—

 
33

 
60

 
(93
)
 
—

Total revenues
$
17,074

 
$
1,111

 
$
195

 
$
18,380

 
$
79

 
$
(93
)
 
$
18,366

Segment income (loss)(a)(b)
$
2,346

 
$
356

 
$
(70
)
 
$
2,632

 
$
(269
)
 
$
(7
)
 
$
2,356

Add back noncontrolling interest
 
 
 
 
 
 
 
 
 
 
 
 
11

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
 
 
(578
)
Net income
 
 
 
 
 
 
 
 
 
 
 
 
$
1,789


(a)
Commercial Portfolio includes a pretax impairment charge of $94 million related to OVEC. Refer to Note 13 for further information.
(b)    Other includes $107 million of after-tax costs to achieve the 2012 Progress Energy merger.
The following table summarizes the net loss for Other at each of these registrants.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in millions)
2015

 
2014

 
2015

 
2014

Duke Energy Carolinas
$
(10
)
 
$
(19
)
 
$
(28
)
 
$
(67
)
Progress Energy(a)
(3
)
 
(48
)
 
(87
)
 
(145
)
Duke Energy Progress
(4
)
 
(10
)
 
(12
)
 
(23
)
Duke Energy Florida
(3
)
 
(5
)
 
(9
)
 
(16
)
Duke Energy Indiana
(2
)
 
(3
)
 
(6
)
 
(10
)

(a)
Other for Progress Energy also includes interest expense on corporate debt instruments of $61 million and $180 million for the three and nine months ended September 30, 2015, respectively, and $58 million and $181 million for the three and nine months ended September 30, 2014, respectively.
Duke Energy Ohio [Member]  
Segment Reporting Information [Line Items]  
Business Segment Data
 
Three Months Ended September 30, 2015
 
Regulated

 
 
 
 
 
 
(in millions)
Utilities

 
Other

 
Eliminations

 
Consolidated

Total revenues
$
456

 
$
6

 
$
—

 
$
462

Segment income (loss)
$
46

 
$
(12
)
 
$
—

 
$
34

Loss from discontinued operations, net of tax
 
 
 
 
 
 
(2
)
Net income
 
 
 
 
 
 
$
32

Segment assets
$
6,961

 
$
126

 
$
(4
)
 
$
7,083

 
Three Months Ended September 30, 2014
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
440

 
$
6

 
$
446

 
$
—

 
$
—

 
$
446

Intersegment revenues
1

 
—

 
1

 
—

 
(1
)
 
—

Total revenues
$
441

 
$
6

 
$
447

 
$
—

 
$
(1
)
 
$
446

Segment income (loss)
$
43

 
$
(13
)
 
$
30

 
$
(4
)
 
$
—

 
$
26

Income from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
413

Net income
 
 
 
 
 
 
 
 
 
 
$
439

 
Nine Months Ended September 30, 2015
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Total revenues
$
1,424

 
$
14

 
$
1,438

 
$
15

 
$
—

 
$
1,453

Segment income (loss)
$
135

 
$
(9
)
 
$
126

 
$
(20
)
 
$
—

 
$
106

Income from discontinued operations, net of tax(a)
 
 
 
 
 
 
 
 
 
 
23

Net income
 
 
 
 
 
 
 
 
 
 
$
129

(a)
Includes an after-tax charge of $53 million for the settlement agreement reached in a lawsuit related to the Disposal Group. Refer to Note 5 for further information.
 
Nine Months Ended September 30, 2014
 
 
 
 
 
Total

 
 
 
 
 
 
 
Regulated

 
Commercial

 
Reportable

 
 
 
 
 
 
(in millions)
Utilities

 
Portfolio

 
Segments

 
Other

 
Eliminations

 
Consolidated

Unaffiliated revenues
$
1,416

 
$
17

 
$
1,433

 
$
—

 
$
—

 
$
1,433

Intersegment revenues
1

 
—

 
1

 
—

 
(1
)
 
—

Total revenues
$
1,417

 
$
17

 
$
1,434

 
$
—

 
$
(1
)
 
$
1,433

Segment income (loss)(a)
$
151

 
$
(101
)
 
$
50

 
$
(11
)
 
$
—

 
$
39

Loss from discontinued operations, net of tax
 
 
 
 
 
 
 
 
 
 
(597
)
Net loss
 
 
 
 
 
 
 
 
 
 
$
(558
)
(a)    Commercial Portfolio includes a pretax impairment charge of $94 million related to OVEC. See Note 13 for additional information.