XML 152 R98.htm IDEA: XBRL DOCUMENT
v3.25.4

Revenue (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | Supplemental requirements contracts that include contracted blocks of energy and capacity at contractually fixed prices have the following estimated remaining performance obligations as of December 31, 2025:
| Remaining Performance Obligations
(in millions) | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | Total
Duke Energy Carolinas | $ | 12 |  | $ | 12 |  | $ | 12 |  | $ | — |  | $ | — |  | $ | — |  | $ | 36 |
Progress Energy | 43 |  | 43 |  | 13 |  | 13 |  | 14 |  | 29 |  | 155 |
Duke Energy Progress | 6 |  | 6 |  | 6 |  | 6 |  | 7 |  | 14 |  | 45 |
Duke Energy Florida | 37 |  | 37 |  | 7 |  | 7 |  | 7 |  | 15 |  | 110 |
Duke Energy Indiana | 17 |  | 15 |  | 5 |  | — |  | — |  | — |  | 37 |
Estimated remaining performance obligations as of December 31, 2025, are as follows:
| Remaining Performance Obligations
(in millions) | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | Total
Piedmont | $ | 54 |  | $ | 48 |  | $ | 45 |  | $ | 44 |  | $ | 42 |  | $ | 109 |  | $ | 342 |
Disaggregation of Revenue | Disaggregated revenues are presented as follows:
| Year Ended December 31, 2025
|  | Duke |  | Duke | Duke | Duke | Duke |
(in millions) | Duke | Energy | Progress | Energy | Energy | Energy | Energy |
By market or type of customer | Energy | Carolinas | Energy | Progress | Florida | Ohio | Indiana | Piedmont
Electric Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 13,756 |  | $ | 4,124 |  | $ | 7,067 |  | $ | 2,965 |  | $ | 4,102 |  | $ | 1,116 |  | $ | 1,450 |  | $ | — |
Commercial | 8,337 |  | 2,885 |  | 3,825 |  | 1,732 |  | 2,093 |  | 603 |  | 1,024 |  | — |
Industrial | 3,423 |  | 1,422 |  | 1,065 |  | 750 |  | 315 |  | 142 |  | 794 |  | — |
Wholesale | 2,402 |  | 621 |  | 1,475 |  | 1,353 |  | 122 |  | 92 |  | 218 |  | — |
Other revenues | 945 |  | 449 |  | 870 |  | 512 |  | 358 |  | 68 |  | 25 |  | — |
Total Electric Utilities and Infrastructure revenue from contracts with customers | $ | 28,863 |  | $ | 9,501 |  | $ | 14,302 |  | $ | 7,312 |  | $ | 6,990 |  | $ | 2,021 |  | $ | 3,511 |  | $ | — |
Gas Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 1,596 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 496 |  | $ | — |  | $ | 1,100 |
Commercial | 808 |  | — |  | — |  | — |  | — |  | 181 |  | — |  | 627 |
Industrial | 190 |  | — |  | — |  | — |  | — |  | 44 |  | — |  | 146 |
Power Generation | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 34 |
Other revenues | 256 |  | — |  | — |  | — |  | — |  | 25 |  | — |  | 255 |
Total Gas Utilities and Infrastructure revenue from contracts with customers | $ | 2,850 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 746 |  | $ | — |  | $ | 2,162 |
Other |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 28 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total revenue from contracts with customers | $ | 31,741 |  | $ | 9,501 |  | $ | 14,302 |  | $ | 7,312 |  | $ | 6,990 |  | $ | 2,767 |  | $ | 3,511 |  | $ | 2,162 |
Other revenue sources(a) | $ | 496 |  | $ | 212 |  | $ | 207 |  | $ | 74 |  | $ | 115 |  | $ | 30 |  | $ | 33 |  | $ | 75 |
Total revenues | $ | 32,237 |  | $ | 9,713 |  | $ | 14,509 |  | $ | 7,386 |  | $ | 7,105 |  | $ | 2,797 |  | $ | 3,544 |  | $ | 2,237 |
| Year Ended December 31, 2024
|  | Duke |  | Duke | Duke | Duke | Duke |
(in millions) | Duke | Energy | Progress | Energy | Energy | Energy | Energy |
By market or type of customer | Energy | Carolinas | Energy | Progress | Florida | Ohio | Indiana | Piedmont
Electric Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 12,901 |  | $ | 4,150 |  | $ | 6,592 |  | $ | 2,872 |  | $ | 3,720 |  | $ | 1,009 |  | $ | 1,149 |  | $ | — |
Commercial | 8,207 |  | 3,080 |  | 3,718 |  | 1,754 |  | 1,964 |  | 590 |  | 818 |  | — |
Industrial | 3,427 |  | 1,488 |  | 1,066 |  | 742 |  | 324 |  | 149 |  | 724 |  | — |
Wholesale | 2,205 |  | 547 |  | 1,414 |  | 1,268 |  | 146 |  | 51 |  | 194 |  | — |
Other revenues | 1,029 |  | 350 |  | 674 |  | 343 |  | 331 |  | 89 |  | 107 |  | — |
Total Electric Utilities and Infrastructure revenue from contracts with customers | $ | 27,769 |  | $ | 9,615 |  | $ | 13,464 |  | $ | 6,979 |  | $ | 6,485 |  | $ | 1,888 |  | $ | 2,992 |  | $ | — |
Gas Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 1,320 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 427 |  | $ | — |  | $ | 893 |
Commercial | 639 |  | — |  | — |  | — |  | — |  | 153 |  | — |  | 486 |
Industrial | 158 |  | — |  | — |  | — |  | — |  | 33 |  | — |  | 125 |
Power Generation | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 33 |
Other revenues | 126 |  | — |  | — |  | — |  | — |  | 26 |  | — |  | 100 |
Total Gas Utilities and Infrastructure revenue from contracts with customers | $ | 2,243 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 639 |  | $ | — |  | $ | 1,637 |
Other |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 38 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total revenue from contracts with customers | $ | 30,050 |  | $ | 9,615 |  | $ | 13,464 |  | $ | 6,979 |  | $ | 6,485 |  | $ | 2,527 |  | $ | 2,992 |  | $ | 1,637 |
Other revenue sources(a) | $ | 307 |  | $ | 103 |  | $ | 169 |  | $ | 38 |  | $ | 110 |  | $ | 18 |  | $ | 48 |  | $ | 92 |
Total revenues | $ | 30,357 |  | $ | 9,718 |  | $ | 13,633 |  | $ | 7,017 |  | $ | 6,595 |  | $ | 2,545 |  | $ | 3,040 |  | $ | 1,729 |
| Year Ended December 31, 2023
|  | Duke |  | Duke | Duke | Duke | Duke |
(in millions) | Duke | Energy | Progress | Energy | Energy | Energy | Energy |
By market or type of customer | Energy | Carolinas | Energy | Progress | Florida | Ohio | Indiana | Piedmont
Electric Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 12,098 |  | $ | 3,409 |  | $ | 6,510 |  | $ | 2,540 |  | $ | 3,970 |  | $ | 947 |  | $ | 1,233 |  | $ | — |
Commercial | 7,895 |  | 2,670 |  | 3,762 |  | 1,588 |  | 2,174 |  | 552 |  | 911 |  | — |
Industrial | 3,416 |  | 1,334 |  | 1,105 |  | 733 |  | 372 |  | 191 |  | 786 |  | — |
Wholesale | 2,175 |  | 492 |  | 1,388 |  | 1,240 |  | 148 |  | 46 |  | 248 |  | — |
Other revenues | 962 |  | 318 |  | 590 |  | 325 |  | 265 |  | 93 |  | 157 |  | — |
Total Electric Utilities and Infrastructure revenue from contracts with customers | $ | 26,546 |  | $ | 8,223 |  | $ | 13,355 |  | $ | 6,426 |  | $ | 6,929 |  | $ | 1,829 |  | $ | 3,335 |  | $ | — |
Gas Utilities and Infrastructure |  |  |  |  |  |  |  |
Residential | $ | 1,226 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 435 |  | $ | — |  | $ | 792 |
Commercial | 605 |  | — |  | — |  | — |  | — |  | 154 |  | — |  | 450 |
Industrial | 141 |  | — |  | — |  | — |  | — |  | 26 |  | — |  | 115 |
Power Generation | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 31 |
Other revenues | 119 |  | — |  | — |  | — |  | — |  | 24 |  | — |  | 95 |
Total Gas Utilities and Infrastructure revenue from contracts with customers | $ | 2,091 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 639 |  | $ | — |  | $ | 1,483 |
Other |  |  |  |  |  |  |  |
Revenue from contracts with customers | $ | 37 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total revenue from contracts with customers | $ | 28,674 |  | $ | 8,223 |  | $ | 13,355 |  | $ | 6,426 |  | $ | 6,929 |  | $ | 2,468 |  | $ | 3,335 |  | $ | 1,483 |
Other revenue sources(a) | $ | 386 |  | $ | 65 |  | $ | 189 |  | $ | 62 |  | $ | 107 |  | $ | 39 |  | $ | 64 |  | $ | 145 |
Total revenues | $ | 29,060 |  | $ | 8,288 |  | $ | 13,544 |  | $ | 6,488 |  | $ | 7,036 |  | $ | 2,507 |  | $ | 3,399 |  | $ | 1,628 |
(a) Other revenue sources include revenues from leases, derivatives and alternative revenue programs that are not considered revenues from contracts with customers. Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over or under collection of related revenues.
Accounts Receivable, Allowance for Credit Loss | The following table presents the reserve for credit losses for trade and other receivables.
|  | Duke |  | Duke | Duke | Duke | Duke |
| Duke | Energy | Progress | Energy | Energy | Energy | Energy |
(in millions) | Energy | Carolinas | Energy | Progress | Florida | Ohio | Indiana | Piedmont
Balance at December 31, 2022 | $ | 213 |  | $ | 68 |  | $ | 81 |  | $ | 44 |  | $ | 36 |  | $ | 6 |  | $ | 4 |  | $ | 11 |
Write-Offs | (162) |  | (71) |  | (84) |  | (41) |  | (42) |  | — |  | — |  | (8) |
Credit Loss Expense | 99 |  | 35 |  | 48 |  | 12 |  | 37 |  | 3 |  | 1 |  | 5 |
Other Adjustments | 52 |  | 24 |  | 29 |  | 29 |  | — |  | — |  | — |  | — |
Balance at December 31, 2023 | $ | 202 |  | $ | 56 |  | $ | 74 |  | $ | 44 |  | $ | 31 |  | $ | 9 |  | $ | 5 |  | $ | 8 |
Write-Offs | (131) |  | (55) |  | (73) |  | (45) |  | (28) |  | — |  | — |  | (3) |
Credit Loss Expense | 97 |  | 39 |  | 51 |  | 25 |  | 26 |  | 3 |  | 2 |  | 2 |
Other Adjustments | 39 |  | 29 |  | 21 |  | 20 |  | — |  | 31 |  | 8 |  | — |
Balance at December 31, 2024 | $ | 207 |  | $ | 69 |  | $ | 73 |  | $ | 44 |  | $ | 29 |  | $ | 43 |  | $ | 15 |  | $ | 7 |
Write-Offs | (164) |  | (52) |  | (62) |  | (37) |  | (25) |  | (21) |  | (13) |  | (17) |
Credit Loss Expense | 106 |  | 26 |  | 39 |  | 16 |  | 23 |  | 15 |  | 13 |  | 14 |
Other Adjustments | 45 |  | 12 |  | 15 |  | 15 |  | — |  | 14 |  | — |  | 2 |
Balance at December 31, 2025 | $ | 194 |  | $ | 55 |  | $ | 65 |  | $ | 38 |  | $ | 27 |  | $ | 51 |  | $ | 15 |  | $ | 6 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration