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Condensed Consolidated Balance Sheets - Duke Energy Progress - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 314 $ 253
Receivables of VIEs (net of allowance for doubtful accounts) 2,232 1,112
Receivables (net of allowance for doubtful accounts) 1,889 3,019
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 4,509 4,292
Regulatory assets 2,756 3,648
Other (includes amounts related to VIEs) 695 431
Total current assets 12,950 12,769
Property, Plant and Equipment    
Cost 180,806 171,353
Accumulated depreciation and amortization (57,503) (56,038)
Net property, plant and equipment 123,303 115,315
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 14,254 13,618
Nuclear decommissioning trust funds 11,434 10,143
Operating lease right-of-use assets, net 1,148 1,092
Other (including amounts related to VIEs) 3,509 3,964
Total other noncurrent assets 50,090 48,809
Total Assets 186,343 176,893
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 5,479 4,228
Taxes accrued 851 816
Interest accrued 855 745
Current maturities of long-term debt 4,349 2,800
Asset retirement obligations 650 596
Regulatory liabilities 1,425 1,369
Other 2,084 2,319
Total current liabilities 19,357 17,283
Long-Term Debt (includes amounts related to VIEs) 76,340 72,452
Other Noncurrent Liabilities    
Deferred income taxes 11,424 10,556
Total noncurrent asset retirement obligation 9,342 8,560
Total noncurrent regulatory liabilities 14,694 14,039
Operating lease liabilities 957 917
Accrued pension and other post-retirement benefit costs 434 485
Investment tax credits 894 864
Other noncurrent liabilities 1,556 1,393
Total other noncurrent liabilities 39,390 36,971
Commitments and Contingencies
Equity    
Total Liabilities and Equity 186,343 176,893
Consolidated VIEs    
Current Assets    
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 494 462
Regulatory assets 120 110
Other (includes amounts related to VIEs) 90  
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,705 1,642
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 214 188
Current maturities of long-term debt 1,012 428
Long-Term Debt (includes amounts related to VIEs) 1,842 3,000
Other Noncurrent Liabilities    
Other noncurrent liabilities 27 35
Duke Energy Progress    
Current Assets    
Cash and cash equivalents 24 18
Receivables of VIEs (net of allowance for doubtful accounts) 160 139
Receivables (net of allowance for doubtful accounts) 835 833
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 1,341 1,227
Regulatory assets 626 942
Other (includes amounts related to VIEs) 104 72
Total current assets 3,100 3,247
Property, Plant and Equipment    
Cost 42,060 39,283
Accumulated depreciation and amortization (15,930) (15,227)
Net property, plant and equipment 26,130 24,056
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 4,555 4,546
Nuclear decommissioning trust funds 4,636 4,075
Operating lease right-of-use assets, net 348 318
Other (including amounts related to VIEs) 724 682
Total other noncurrent assets 10,263 9,621
Total Assets 39,493 36,924
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 749 634
Taxes accrued 394 176
Interest accrued 122 114
Current maturities of long-term debt 983 72
Asset retirement obligations 230 244
Regulatory liabilities 348 300
Other 427 481
Total current liabilities 4,170 3,244
Long-Term Debt (includes amounts related to VIEs) 11,371 11,492
Other Noncurrent Liabilities    
Deferred income taxes 2,344 2,560
Total noncurrent asset retirement obligation 4,104 3,626
Total noncurrent regulatory liabilities 4,570 4,375
Operating lease liabilities 332 293
Accrued pension and other post-retirement benefit costs 141 146
Investment tax credits 144 129
Other noncurrent liabilities 196 102
Total other noncurrent liabilities 11,831 11,231
Commitments and Contingencies
Equity    
Total member's equity 11,971 10,807
Total Liabilities and Equity 39,493 36,924
Duke Energy Progress | Consolidated VIEs    
Current Assets    
Regulatory assets 47 39
Other (includes amounts related to VIEs) 40 31
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 775 643
Current Liabilities    
Current maturities of long-term debt 443 34
Long-Term Debt (includes amounts related to VIEs) 809 1,079
Other Noncurrent Liabilities    
Other noncurrent liabilities 11 12
Duke Energy Progress | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 10 16
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 306 332
Notes payable to affiliated companies 611 891
Long-Term Debt (includes amounts related to VIEs) $ 150 $ 150