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v3.19.2

Debt and Credit Facilities (Tables) | 6 Months Ended
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Jun. 30, 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 |  |  | June 30, 2019 |
Unsecured Debt |  |  |  |  |
Duke Energy (Parent) | September 2019 |  | 5.050 | % |  | $ | 500 |
Duke Energy Kentucky | October 2019 |  | 4.650 | % |  | 100 |
Progress Energy | December 2019 |  | 4.875 | % |  | 350 |
Duke Energy (Parent) | June 2020 |  | 2.100 | % |  | 330 |
First Mortgage Bonds |  |  |  |  |
Duke Energy Florida | January 2020 |  | 1.850 | % |  | 250 |
Duke Energy Florida | April 2020 |  | 4.550 | % |  | 250 |
Duke Energy Carolinas | June 2020 |  | 4.300 | % |  | 450 |
Other(a) |  |  |  |  | 468 |
Current maturities of long-term debt |  |  |  |  | $ | 2,698 |
(a) Includes finance lease obligations, amortizing debt and small bullet maturities. The following table summarizes significant debt issuances (in millions).
|  |  |  | Six Months Ended June 30, 2019 |
|  |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  |
| Maturity | Interest |  |  | Duke |  |  | Energy |  |  | Energy |  |  | Energy |  |  |
Issuance Date | Date | Rate |  |  | Energy |  |  | (Parent) |  |  | Progress |  |  | Ohio |  |  | Piedmont |
Unsecured Debt |  |  |  |  |  |  |  |  |  |  |  |
March 2019(a) | March 2022 | 3.251 | % | (b) | $ | 300 |  |  | $ | 300 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
March 2019(a) | March 2022 | 3.227 | % |  | 300 |  |  | 300 |  |  | — |  |  | — |  |  | — |
May 2019(e) | June 2029 | 3.500 | % |  | 600 |  |  | — |  |  | — |  |  | — |  |  | 600 |
June 2019(a) | June 2029 | 3.400 | % |  | 600 |  |  | 600 |  |  | — |  |  | — |  |  | — |
June 2019(a) | June 2049 | 4.200 | % |  | 600 |  |  | 600 |  |  | — |  |  | — |  |  | — |
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 |  |  |  | $ | 3,800 |  |  | $ | 1,800 |  |  | $ | 600 |  |  | $ | 800 |  |  | $ | 600 |
(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.
(e) | Debt issued to repay in full the outstanding $350 million Piedmont unsecured term loan due September 2019, pay down short-term debt and for general corporate purposes.
Schedule Of Line Of Credit Facilities | Other Credit Facilities
| June 30, 2019
(in millions) | Facility size |  |  | Amount drawn |
Duke Energy (Parent) Three-Year Revolving Credit Facility(a) | $ | 1,000 |  |  | $ | 500 |
Duke Energy Progress Term Loan Facility(b) | 700 |  |  | 700 |
(a) | In May 2019, Duke Energy (Parent) extended the termination date to May 2022.
(b) $650 million was drawn under the term loan in January and February 2019. The table below includes the current borrowing sublimits and available capacity under the Master Credit Facility.
| June 30, 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 |  |  | $ | 1,250 |  |  | $ | 800 |  |  | $ | 450 |  |  | $ | 600 |  |  | $ | 500 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (3,420 | ) |  | (1,009 | ) |  | (1,099 | ) |  | (276 | ) |  | (474 | ) |  | (236 | ) |  | (326 | ) |  | — |
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 | $ | 3,946 |  |  | $ | 1,596 |  |  | $ | 397 |  |  | $ | 722 |  |  | $ | 326 |  |  | $ | 214 |  |  | $ | 193 |  |  | $ | 498 |
(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.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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