Organization and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2024

The following table presents the components of cash, cash equivalents and restricted cash included in the Condensed Consolidated Balance Sheets.


	June 30, 2024										December 31, 2023
			Duke				Duke		Duke				Duke				Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Duke		Energy		Progress		Energy		Energy
	Energy		Carolinas		Energy		Progress		Florida		Energy		Carolinas		Energy		Progress		Florida
Current Assets
Cash and cash equivalents	$	390	$	9	$	85	$	33	$	35	$	253	$	9	$	59	$	18	$	24
Other	74		10		64		32		32		76		9		67		31		36
Other Noncurrent Assets
Other	18		1		11		5		6		16		1		9		2		7
Total cash, cash equivalents and restricted cash	$	482	$	20	$	160	$	70	$	73	$	345	$	19	$	135	$	51	$	67

The components of inventory are presented in the tables below.


	June 30, 2024
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Materials and supplies	$	3,254	$	1,094	$	1,588	$	1,051	$	537	$	150	$	373	$	12
Coal	846		372		233		146		87		29		212		—
Natural gas, oil and other fuel	290		43		198		106		92		12		2		35
Total inventory	$	4,390	$	1,509	$	2,019	$	1,303	$	716	$	191	$	587	$	47


	December 31, 2023
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Materials and supplies	$	3,086	$	1,075	$	1,465	$	963	$	502	$	139	$	361	$	12
Coal	842		364		231		154		77		28		219		—
Natural gas, oil and other fuel	364		45		205		110		95		12		2		100
Total inventory	$	4,292	$	1,484	$	1,901	$	1,227	$	674	$	179	$	582	$	112

The following table represents the changes in confirmed obligations outstanding for the six months ended June 30, 2024, and 2023.


	Three months ended June 30, 2023 and 2024
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Confirmed obligations outstanding at March 31, 2023	$	52	$	7	$	15	$	6	$	9	$	—	$	—	$	29
Invoices confirmed during the period	55		10		20		12		8		2		—		24
Confirmed invoices paid during the period	(67)		(12)		(21)		(6)		(15)		—		—		(34)
Confirmed obligations outstanding at June 30, 2023	$	40	$	5	$	14	$	12	$	2	$	2	$	—	$	19

Confirmed obligations outstanding at the March 31, 2024	$	76	$	—	$	2	$	—	$	2	$	—	$	—	$	74
Invoices confirmed during the period	63		—		—		—		—		—		—		63
Confirmed invoices paid during the period	(111)		—		(2)		—		(2)		—		—		(109)
Confirmed obligations outstanding at June 30, 2024	$	28	$	—	$	—	$	—	$	—	$	—	$	—	$	28

	Six Months Ended June 30, 2023 and 2024
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Confirmed obligations outstanding at December 31, 2022	$	87	$	6	$	19	$	8	$	11	$	5	$	—	$	57
Invoices confirmed during the period	114		20		42		23		19		3		—		49
Confirmed invoices paid during the period	(161)		(21)		(47)		(19)		(28)		(6)		—		(87)
Confirmed obligations outstanding at June 30, 2023	$	40	$	5	$	14	$	12	$	2	$	2	$	—	$	19

Confirmed obligations outstanding at December 31, 2023	$	50	$	—	$	3	$	—	$	3	$	—	$	—	$	47
Invoices confirmed during the period	120		—		1		—		1		—		—		119
Confirmed invoices paid during the period	(142)		—		(4)		—		(4)		—		—		(138)
Confirmed obligations outstanding at June 30, 2024	$	28	$	—	$	—	$	—	$	—	$	—	$	—	$	28