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v3.19.1

Debt and Credit Facilities (Tables) | 3 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | 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 |  |  | March 31, 2019 |
Unsecured Debt |  |  |  |  |
Duke Energy (Parent) | September 2019 |  | 5.050 | % |  | $ | 500 |
Piedmont | September 2019 |  | 3.181 | % | (b) | 350 |
Duke Energy Kentucky | October 2019 |  | 4.650 | % |  | 100 |
Progress Energy | December 2019 |  | 4.875 | % |  | 350 |
First Mortgage Bonds |  |  |  |  |
Duke Energy Ohio | April 2019 |  | 5.450 | % |  | 450 |
Duke Energy Florida | January 2020 |  | 1.850 | % |  | 250 |
Other(a) |  |  |  |  | 501 |
Current maturities of long-term debt |  |  |  |  | $ | 2,501 |
(a) Includes finance lease obligations, amortizing debt and small bullet maturities. (b) Amount drawn under the Piedmont senior unsecured term loan facility has a floating interest rate. The following table summarizes significant debt issuances (in millions).
|  |  |  | Three Months Ended March 31, 2019
|  |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |
| Maturity | Interest |  |  | Duke |  |  | Energy |  |  | Energy |  |  | Energy |  |
Issuance Date | Date | Rate |  |  | Energy |  |  | (Parent) |  |  | Progress |  |  | Ohio |  |
Unsecured Debt |  |  |  |  |  |  |  |  |  |  |
March 2019(a) | March 2022 | 3.251 | % | (b) | $ | 300 |  |  | $ | 300 |  |  | $ | — |  |  | $ | — |  |
March 2019(a) | March 2022 | 3.227 | % |  | 300 |  |  | 300 |  |  | — |  |  | — |  |
First Mortgage Bonds |  |  |  |  |  |  |  |  |  |  |
January 2019(c) | February 2029 | 3.650 | % |  | 400 |  |  | — |  |  | — |  |  | 400 |  |
January 2019(c) | February 2049 | 4.300 | % |  | 400 |  |  | — |  |  | — |  |  | 400 |  |
March 2019(d) | March 2029 | 3.450 | % |  | 600 |  |  | — |  |  | 600 |  |  | — |  |
Total issuances |  |  |  | $ | 2,000 |  |  | $ | 600 |  |  | $ | 600 |  |  | $ | 800 |  |
(a) | Debt issued to pay down short-term debt and for general corporate purposes.
(b) | Debt issuance has a floating interest rate.
(c) | Debt issued to repay at maturity $450 million first mortgage bonds due April 2019, pay down short-term debt and for general corporate purposes.
(d) | Debt issued to fund eligible green energy projects in the Carolinas.
Schedule Of Line Of Credit Facilities | The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility.
| March 31, 2019
|  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |  |  |
| Duke |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |  |  |
(in millions) | Energy |  |  | (Parent) |  |  | Carolinas |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |  |  | Piedmont |
Facility size(a) | $ | 8,000 |  |  | $ | 2,650 |  |  | $ | 1,750 |  |  | $ | 1,400 |  |  | $ | 650 |  |  | $ | 450 |  |  | $ | 600 |  |  | $ | 500 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (2,657 | ) |  | (884 | ) |  | (859 | ) |  | (150 | ) |  | (299 | ) |  | (62 | ) |  | (252 | ) |  | (151 | )
Outstanding letters of credit | (53 | ) |  | (45 | ) |  | (4 | ) |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Tax-exempt bonds | (81 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (81 | ) |  | — |
Coal ash set-aside | (500 | ) |  | — |  |  | (250 | ) |  | (250 | ) |  | — |  |  | — |  |  | — |  |  | — |
Available capacity under the Master Credit Facility | $ | 4,709 |  |  | $ | 1,721 |  |  | $ | 637 |  |  | $ | 998 |  |  | $ | 351 |  |  | $ | 388 |  |  | $ | 267 |  |  | $ | 347 |
(a) | Represents the sublimit of each borrower.
(b) | Duke Energy issued $625 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies on the Condensed Consolidated Balance Sheets.
Other Credit Facilities
| March 31, 2019
(in millions) | Facility size |  |  | Amount Drawn |
Duke Energy (Parent) Three-Year Revolving Credit Facility | $ | 1,000 |  |  | $ | 500 |
Duke Energy Progress Term Loan Facility(a) | 700 |  |  | 700 |
Piedmont Term Loan Facility | 350 |  |  | 350 |
(a) | $650 million was drawn under the term loan in January and February 2019.

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