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v3.25.1

Debt and Credit Facilities (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes significant debt issuances (in millions).
|  |  |  |  | Three Months Ended March 31, 2025
|  |  |  |  |  |  |  |  | Duke |  | Duke |  |  |  |  |  |  |  |
| Maturity |  | Interest |  | Duke |  |  |  | Energy |  | Energy |  |  |  |  |  |  |  |
Issuance Date | Date |  | Rate |  | Energy |  |  |  | Carolinas |  | Progress |  |  |  |  |  |  |  |
First Mortgage Bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
January 2025(a) | March 2030 |  | 4.85 | % |  | $ | 400 |  |  |  |  | $ | 400 |  |  | $ | — |  |  |  |  |  |  |  |  |
January 2025(a) | March 2035 |  | 5.25 | % |  | 700 |  |  |  |  | 700 |  |  | — |  |  |  |  |  |  |  |  |
March 2025(b) | March 2027 |  | 4.35 | % |  | 500 |  |  |  |  | — |  |  | 500 |  |  |  |  |  |  |  |  |
March 2025(b) | March 2035 |  | 5.05 | % |  | 850 |  |  |  |  | — |  |  | 850 |  |  |  |  |  |  |  |  |
March 2025(b) | March 2055 |  | 5.55 | % |  | 750 |  |  |  |  | — |  |  | 750 |  |  |  |  |  |  |  |  |
Total issuances |  |  |  |  | $ | 3,200 |  |  |  |  | $ | 1,100 |  |  | $ | 2,100 |  |  |  |  |  |  |  |  |
(a)Proceeds were used to pay off the $500 million DERF accounts receivable securitization facility due January 2025, to pay off short-term debt and for general company purposes. (b)Proceeds were used to pay off the $400 million DEPR accounts receivable securitization facility due April 2025, to pay off short-term debt and for general company purposes. 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 |  | March 31, 2025
Unsecured Debt |  |  |  |  |
Duke Energy (Parent) | April 2025 |  | 3.364 | % |  | $ | 420 |
Duke Energy (Parent) | April 2025 |  | 3.950 | % |  | 250 |
Duke Energy Ohio | June 2025 |  | 6.900 | % |  | 150 |
Duke Energy (Parent) | September 2025 |  | 0.900 | % |  | 650 |
Piedmont | September 2025 |  | 3.600 | % |  | 150 |
Duke Energy Florida Term Loan Facility(a) | October 2025 |  | 5.068 | % |  | 800 |
Duke Energy Ohio(b) | October 2025 |  | 3.230 | % |  | 95 |
Duke Energy (Parent) | December 2025 |  | 5.000 | % |  | 500 |
First Mortgage Bonds |  |  |  |  |
Duke Energy Florida(a)(c) | October 2073 |  | 4.282 | % |  | 200 |
Duke Energy Florida(a)(c) | April 2074 |  | 4.282 | % |  | 173 |
Duke Energy Progress | August 2025 |  | 3.250 | % |  | 500 |
Other(d) |  |  |  |  | 292 |
Current maturities of long-term debt |  |  |  |  | $ | 4,180 |
(a)Debt has a floating interest rate. (b)Current maturity relates to Duke Energy Kentucky. (c)These first mortgage bonds are classified as Current maturities of long-term debt on the Condensed Consolidated Balance Sheets based on terms of the indentures, which could require repayment in less than 12 months if exercised by the bondholders. (d)Includes finance lease obligations, amortizing debt, tax-exempt bonds with mandatory put options and small bullet maturities.
Schedule of Line of Credit Facilities | The table below includes the current borrowing sublimits and available capacity under these credit facilities.
| March 31, 2025
|  |  | 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) | $ | 10,000 |  |  | $ | 2,525 |  |  | $ | 1,300 |  |  | $ | 1,675 |  |  | $ | 1,425 |  |  | $ | 1,075 |  |  | $ | 950 |  |  | $ | 1,050 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (2,103) |  |  | (1,381) |  |  | (300) |  |  | (150) |  |  | — |  |  | (52) |  |  | (152) |  |  | (68) |
Outstanding letters of credit | (10) |  |  | (2) |  |  | (4) |  |  | (1) |  |  | (3) |  |  | — |  |  | — |  |  | — |
Tax-exempt bonds | (81) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (81) |  |  | — |
Available capacity under the Master Credit Facility | $ | 7,806 |  |  | $ | 1,142 |  |  | $ | 996 |  |  | $ | 1,524 |  |  | $ | 1,422 |  |  | $ | 1,023 |  |  | $ | 717 |  |  | $ | 982 |
(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 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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