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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT The following tables summarize the property, plant and equipment for Duke Energy and its subsidiary registrants.
| December 31, 2024
| Average |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Remaining |  |  |  | Duke |  |  |  | Duke |  | Duke |  | Duke |  | Duke |  |
| Useful Life |  | Duke |  | Energy |  | Progress |  | Energy |  | Energy |  | Energy |  | Energy |  |
(in millions) | (Years) |  | Energy |  | Carolinas |  | Energy |  | Progress |  | Florida |  | Ohio |  | Indiana |  | Piedmont
Land |  |  | $ | 2,569 |  |  | $ | 617 |  |  | $ | 1,134 |  |  | $ | 535 |  |  | $ | 599 |  |  | $ | 258 |  |  | $ | 144 |  |  | $ | 391 |
Plant – Regulated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric generation, distribution and transmission | 37 |  | 137,836 |  |  | 49,547 |  |  | 62,351 |  |  | 35,633 |  |  | 26,718 |  |  | 7,634 |  |  | 18,304 |  |  | — |
Natural gas transmission and distribution | 58 |  | 15,333 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,255 |  |  | — |  |  | 11,078 |
Other buildings and improvements | 41 |  | 2,982 |  |  | 1,256 |  |  | 698 |  |  | 391 |  |  | 307 |  |  | 418 |  |  | 372 |  |  | 238 |
Nuclear fuel |  |  | 3,518 |  |  | 2,003 |  |  | 1,515 |  |  | 1,515 |  |  | — |  |  | — |  |  | — |  |  | — |
Equipment | 13 |  | 3,863 |  |  | 997 |  |  | 1,252 |  |  | 753 |  |  | 499 |  |  | 542 |  |  | 490 |  |  | 170 |
Construction in process |  |  | 7,850 |  |  | 2,735 |  |  | 3,657 |  |  | 1,884 |  |  | 1,773 |  |  | 385 |  |  | 406 |  |  | 405 |
Other | 10 |  | 6,855 |  |  | 1,227 |  |  | 1,953 |  |  | 1,349 |  |  | 594 |  |  | 426 |  |  | 254 |  |  | 498 |
Total property, plant and equipment(a) |  |  | 180,806 |  |  | 58,382 |  |  | 72,560 |  |  | 42,060 |  |  | 30,490 |  |  | 13,918 |  |  | 19,970 |  |  | 12,780 |
Total accumulated depreciation – regulated(b)(c) |  |  | (55,535) |  |  | (19,090) |  |  | (23,586) |  |  | (15,930) |  |  | (7,650) |  |  | (3,674) |  |  | (6,848) |  |  | (2,432) |
Total accumulated depreciation – other(d) |  |  | (1,968) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total net property, plant and equipment |  |  | $ | 123,303 |  |  | $ | 39,292 |  |  | $ | 48,974 |  |  | $ | 26,130 |  |  | $ | 22,840 |  |  | $ | 10,244 |  |  | $ | 13,122 |  |  | $ | 10,348 |
(a) Includes finance leases of $670 million, $336 million, $620 million, $512 million, $108 million and $10 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana, respectively, primarily within Plant – Regulated. The Progress Energy and Duke Energy Progress amounts are net of $159 million of accumulated amortization of finance leases. (b) Includes $1,824 million, $1,010 million, $814 million and $814 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. (c) Includes accumulated amortization of finance leases of $84 million and $4 million at Duke Energy Carolinas and Duke Energy Indiana, respectively. (d) Includes accumulated amortization of finance leases of $25 million at Duke Energy.
| December 31, 2023
| Average |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Remaining |  |  |  | Duke |  |  |  | Duke |  | Duke |  | Duke |  | Duke |  |
| Useful Life |  | Duke |  | Energy |  | Progress |  | Energy |  | Energy |  | Energy |  | Energy |  |
(in millions) | (Years) |  | Energy |  | Carolinas |  | Energy |  | Progress |  | Florida |  | Ohio |  | Indiana |  | Piedmont
Land |  |  | $ | 2,345 |  |  | $ | 581 |  |  | $ | 1,012 |  |  | $ | 502 |  |  | $ | 510 |  |  | $ | 242 |  |  | $ | 133 |  |  | $ | 352 |
Plant – Regulated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric generation, distribution and transmission | 40 |  | 129,985 |  |  | 48,107 |  |  | 57,436 |  |  | 33,171 |  |  | 24,265 |  |  | 7,243 |  |  | 17,199 |  |  | — |
Natural gas transmission and distribution | 57 |  | 14,130 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,993 |  |  | — |  |  | 10,137 |
Other buildings and improvements | 42 |  | 2,887 |  |  | 1,213 |  |  | 677 |  |  | 377 |  |  | 300 |  |  | 421 |  |  | 355 |  |  | 221 |
Nuclear fuel |  |  | 3,303 |  |  | 1,866 |  |  | 1,437 |  |  | 1,437 |  |  | — |  |  | — |  |  | — |  |  | — |
Equipment | 14 |  | 3,409 |  |  | 870 |  |  | 1,104 |  |  | 654 |  |  | 450 |  |  | 474 |  |  | 442 |  |  | 143 |
Construction in process |  |  | 8,372 |  |  | 2,578 |  |  | 3,941 |  |  | 1,661 |  |  | 2,280 |  |  | 427 |  |  | 427 |  |  | 690 |
Other | 12 |  | 6,922 |  |  | 1,455 |  |  | 2,037 |  |  | 1,481 |  |  | 548 |  |  | 410 |  |  | 344 |  |  | 365 |
Total property, plant and equipment(a) |  |  | 171,353 |  |  | 56,670 |  |  | 67,644 |  |  | 39,283 |  |  | 28,353 |  |  | 13,210 |  |  | 18,900 |  |  | 11,908 |
Total accumulated depreciation – regulated(b)(c) |  |  | (54,323) |  |  | (19,896) |  |  | (22,300) |  |  | (15,227) |  |  | (7,067) |  |  | (3,451) |  |  | (6,501) |  |  | (2,259) |
Total accumulated depreciation – other(d) |  |  | (1,715) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total net property, plant and equipment |  |  | $ | 115,315 |  |  | $ | 36,774 |  |  | $ | 45,344 |  |  | $ | 24,056 |  |  | $ | 21,286 |  |  | $ | 9,759 |  |  | $ | 12,399 |  |  | $ | 9,649 |
(a) Includes finance leases of $697 million, $335 million, $615 million, $552 million, $63 million, and $10 million at Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana, respectively, primarily within Plant – Regulated. The Progress Energy, Duke Energy Progress and Duke Energy Florida amounts are net of $292 million, $119 million and $173 million, respectively, of accumulated amortization of finance leases. (b) Includes $1,793 million, $991 million, $802 million and $802 million of accumulated amortization of nuclear fuel at Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively. (c) Includes accumulated amortization of finance leases of $3 million, $67 million, and $4 million at Duke Energy, Duke Energy Carolinas and Duke Energy Indiana, respectively. (d) Includes accumulated amortization of finance leases of $7 million at Duke Energy. The following table presents capitalized interest, which includes the debt component of AFUDC.
| Years Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
Duke Energy | $ | 201 |  |  | $ | 201 |  |  | $ | 118 |
Duke Energy Carolinas | 61 |  |  | 62 |  |  | 50 |
Progress Energy | 57 |  |  | 41 |  |  | 26 |
Duke Energy Progress | 52 |  |  | 35 |  |  | 19 |
Duke Energy Florida | 5 |  |  | 6 |  |  | 7 |
Duke Energy Ohio | 14 |  |  | 16 |  |  | 14 |
Duke Energy Indiana | 13 |  |  | 21 |  |  | 3 |
Piedmont | 8 |  |  | 8 |  |  | 4 |

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