Organization and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

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


	March 31, 2025										December 31, 2024
			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	$	475	$	46	$	87	$	53	$	16	$	314	$	6	$	73	$	24	$	33
Other	39		6		34		23		10		84		9		76		40		35
Other Noncurrent Assets
Other	22		1		11		5		7		20		1		11		5		7
Total cash, cash equivalents and restricted cash	$	536	$	53	$	132	$	81	$	33	$	418	$	16	$	160	$	69	$	75

Schedule of Utility Inventory

The components of inventory are presented in the tables below.


	March 31, 2025
			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	$	3,413	$	1,133	$	1,677	$	1,090	$	586	$	155	$	399	$	12
Coal	700		309		233		137		96		18		140		—
Natural gas, oil and other fuel	305		46		197		106		91		11		2		49
Total inventory	$	4,418	$	1,488	$	2,107	$	1,333	$	773	$	184	$	541	$	61


	December 31, 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	$	3,387	$	1,150	$	1,649	$	1,074	$	576	$	149	$	389	$	11
Coal	801		341		241		164		77		23		196		—
Natural gas, oil and other fuel	321		45		196		103		92		11		1		67
Total inventory	$	4,509	$	1,536	$	2,086	$	1,341	$	745	$	183	$	586	$	78

Schedule of Accounts Payable Finance Programs

The following table presents the amounts included within Accounts payable on the Condensed Consolidated Balance Sheets sold to the financial institution by our suppliers and the supplier invoices sold to the financial institution under the program included within Net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025, and 2024.
















	Three Months Ended March 31, 2024 and 2025
					Duke
	Duke		Progress		Energy
(in millions)	Energy		Energy		Florida		Piedmont
Confirmed obligations outstanding at December 31, 2023	$	50	$	3	$	3	$	47
Invoices confirmed during the period	57		1		1		56
Confirmed invoices paid during the period	(31)		(2)		(2)		(29)
Confirmed obligations outstanding at March 31, 2024	$	76	$	2	$	2	$	74

Confirmed obligations outstanding at December 31, 2024	$	13	$	1	$	1	$	12
Invoices confirmed during the period	18		—		—		18
Confirmed invoices paid during the period	(13)		(1)		(1)		(12)
Confirmed obligations outstanding at March 31, 2025	$	18	$	—	$	—	$	18