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Investments in Debt and Equity Securities (Tables)
9 Months Ended
Sep. 30, 2024
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $151 $— $— $133 
Equity securities6,005 11 8,224 4,942 22 7,278 
Corporate debt securities20 29 721 12 43 632 
Municipal bonds5 10 342 16 347 
U.S. government bonds37 46 1,824 24 65 1,575 
Other debt securities3 7 248 13 178 
Total NDTF Investments$6,070 $103 $11,510 $4,985 $159 $10,143 
Other Investments
Cash and cash equivalents$ $ $68 $— $— $31 
Equity securities62  188 33 — 158 
Corporate debt securities 3 92 — 82 
Municipal bonds1 1 89 77 
U.S. government bonds 2 55 — 65 
Other debt securities 2 48 — 47 
Total Other Investments$63 $8 $540 $34 $12 $460 
Total Investments$6,133 $111 $12,050 $5,019 $171 $10,603 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $151 $— $— $133 
Equity securities6,005 11 8,224 4,942 22 7,278 
Corporate debt securities20 29 721 12 43 632 
Municipal bonds5 10 342 16 347 
U.S. government bonds37 46 1,824 24 65 1,575 
Other debt securities3 7 248 13 178 
Total NDTF Investments$6,070 $103 $11,510 $4,985 $159 $10,143 
Other Investments
Cash and cash equivalents$ $ $68 $— $— $31 
Equity securities62  188 33 — 158 
Corporate debt securities 3 92 — 82 
Municipal bonds1 1 89 77 
U.S. government bonds 2 55 — 65 
Other debt securities 2 48 — 47 
Total Other Investments$63 $8 $540 $34 $12 $460 
Total Investments$6,133 $111 $12,050 $5,019 $171 $10,603 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three and nine months ended September 30, 2024, and 2023, were as follows.
Three Months EndedNine Months Ended
(in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
FV-NI:
 Realized gains $61 $61 $256 $107 
 Realized losses19 35 64 117 
AFS:
 Realized gains10 16 22 37 
 Realized losses8 45 44 104 
Investments Classified by Contractual Maturity Date
The table below summarizes the maturity date for debt securities.
September 30, 2024
DukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergy
(in millions)EnergyCarolinasEnergyProgressFloridaIndiana
Due in one year or less$92 $9 $68 $10 $58 $7 
Due after one through five years862 347 431 326 105 20 
Due after five through 10 years712 426 234 220 14 13 
Due after 10 years1,753 925 719 678 41 26 
Total$3,419 $1,707 $1,452 $1,234 $218 $66 
Duke Energy Carolinas  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $69 $— $— $51 
Equity securities3,476 8 4,729 2,886 14 4,196 
Corporate debt securities9 25 458 35 390 
Municipal bonds 3 42 — 50 
U.S. government bonds19 25 976 13 33 826 
Other debt securities3 7 231 13 172 
Total NDTF Investments$3,507 $68 $6,505 $2,904 $99 $5,685 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $69 $— $— $51 
Equity securities3,476 8 4,729 2,886 14 4,196 
Corporate debt securities9 25 458 35 390 
Municipal bonds 3 42 — 50 
U.S. government bonds19 25 976 13 33 826 
Other debt securities3 7 231 13 172 
Total NDTF Investments$3,507 $68 $6,505 $2,904 $99 $5,685 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three and nine months ended September 30, 2024, and 2023, were as follows.
Three Months EndedNine Months Ended
(in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
FV-NI:
 Realized gains$38 $43 $163 $70 
 Realized losses 9 17 30 64 
AFS:
 Realized gains6 12 11 21 
 Realized losses5 26 22 54 
Progress Energy  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $82 $— $— $82 
Equity securities2,529 3 3,495 2,056 3,082 
Corporate debt securities11 4 263 242 
Municipal bonds5 7 300 12 297 
U.S. government bonds18 21 848 11 32 749 
Other debt securities  17 — — 
Total NDTF Investments$2,563 $35 $5,005 $2,081 $60 $4,458 
Other Investments
Cash and cash equivalents$ $ $21 $— $— $18 
Municipal bonds  24 — 23 
Total Other Investments$ $ $45 $— $$41 
Total Investments$2,563 $35 $5,050 $2,081 $61 $4,499 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $82 $— $— $82 
Equity securities2,529 3 3,495 2,056 3,082 
Corporate debt securities11 4 263 242 
Municipal bonds5 7 300 12 297 
U.S. government bonds18 21 848 11 32 749 
Other debt securities  17 — — 
Total NDTF Investments$2,563 $35 $5,005 $2,081 $60 $4,458 
Other Investments
Cash and cash equivalents$ $ $21 $— $— $18 
Municipal bonds  24 — 23 
Total Other Investments$ $ $45 $— $$41 
Total Investments$2,563 $35 $5,050 $2,081 $61 $4,499 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three and nine months ended September 30, 2024, and 2023, were as follows.
Three Months EndedNine Months Ended
(in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
FV-NI:
 Realized gains$23 $18 $93 $37 
 Realized losses10 18 34 53 
AFS:
 Realized gains4 11 16 
 Realized losses3 19 22 50 
Duke Energy Progress  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $61 $— $— $55 
Equity securities2,407 3 3,361 1,956 2,970 
Corporate debt securities10 4 252 229 
Municipal bonds5 7 300 12 297 
U.S. government bonds17 13 666 10 18 518 
Other debt securities  16 — — 
Total NDTF Investments$2,439 $27 $4,656 $1,979 $46 $4,075 
Other Investments
Cash and cash equivalents$ $ $16 $— $— $14 
Total Other Investments$ $ $16 $— $— $14 
Total Investments$2,439 $27 $4,672 $1,979 $46 $4,089 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $61 $— $— $55 
Equity securities2,407 3 3,361 1,956 2,970 
Corporate debt securities10 4 252 229 
Municipal bonds5 7 300 12 297 
U.S. government bonds17 13 666 10 18 518 
Other debt securities  16 — — 
Total NDTF Investments$2,439 $27 $4,656 $1,979 $46 $4,075 
Other Investments
Cash and cash equivalents$ $ $16 $— $— $14 
Total Other Investments$ $ $16 $— $— $14 
Total Investments$2,439 $27 $4,672 $1,979 $46 $4,089 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three and nine months ended September 30, 2024, and 2023, were as follows.
Three Months EndedNine Months Ended
(in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
FV-NI:
 Realized gains$23 $15 $93 $34 
 Realized losses10 18 34 52 
AFS:
 Realized gains4 11 15 
 Realized losses3 18 21 47 
Duke Energy Florida  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $21 $— $— $27 
Equity securities122 — 134 100 — 112 
Corporate debt securities1  11 — 13 
U.S. government bonds1 8 182 14 231 
Other debt securities  1 — — — 
Total NDTF Investments(a)
$124 $8 $349 $102 $14 $383 
Other Investments
Cash and cash equivalents$ $ $2 $— $— $
Municipal bonds  24 — 23 
Total Other Investments$ $ $26 $— $$26 
Total Investments$124 $8 $375 $102 $15 $409 
(a)During the nine months ended September 30, 2024, and the year ended December 31, 2023, Duke Energy Florida received reimbursements from the NDTF for costs related to ongoing decommissioning activity of Crystal River Unit 3.
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$ $ $21 $— $— $27 
Equity securities122 — 134 100 — 112 
Corporate debt securities1  11 — 13 
U.S. government bonds1 8 182 14 231 
Other debt securities  1 — — — 
Total NDTF Investments(a)
$124 $8 $349 $102 $14 $383 
Other Investments
Cash and cash equivalents$ $ $2 $— $— $
Municipal bonds  24 — 23 
Total Other Investments$ $ $26 $— $$26 
Total Investments$124 $8 $375 $102 $15 $409 
(a)During the nine months ended September 30, 2024, and the year ended December 31, 2023, Duke Energy Florida received reimbursements from the NDTF for costs related to ongoing decommissioning activity of Crystal River Unit 3.
Duke Energy Indiana  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are measured at FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
Investments
Cash and cash equivalents$ $ $2 $— $— $
Equity securities22  117 — 98 
Corporate debt securities  7 — — 
Municipal bonds1 1 52 46 
U.S. government bonds  7 — — 10 
Total Investments$23 $1 $185 $$$163 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are measured at FV-NI and debt investments are classified as AFS.
September 30, 2024December 31, 2023
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
Investments
Cash and cash equivalents$ $ $2 $— $— $
Equity securities22  117 — 98 
Corporate debt securities  7 — — 
Municipal bonds1 1 52 46 
U.S. government bonds  7 — — 10 
Total Investments$23 $1 $185 $$$163