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Condensed Consolidated Statements of Cash Flows - Duke Energy Piedmont - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 5,071 $ 4,614 $ 2,874
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 7,704 6,419 6,084
Equity component of AFUDC (328) (233) (198)
Gains on sales of other assets (45) (26) (52)
Impairment of assets and other charges (4) 38 85
Deferred income taxes 1,204 987 3
Contributions to qualified pension plans (100) (100) (100)
(Increase) decrease in      
Receivables (187) (23) 443
Inventory (63) (212) (706)
Other current assets 6 885 (267)
Increase (decrease) in      
Accounts payable (821) 1,329 (800)
Taxes accrued 127 32 126
Other current liabilities 52 (55) (80)
Other assets (265) (1,170) 914
Other liabilities 535 468 575
Net cash provided by operating activities 12,330 12,328 9,878
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (14,024) (12,280) (12,604)
Other (1,079) (1,009) (799)
Net cash used in investing activities (14,338) (13,123) (12,475)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 11,891 8,956 10,028
Payments for the redemption of long-term debt (5,652) (3,357) (4,737)
Dividends to parent 114 (52) (124)
Net cash provided by financing activities 1,950 859 2,351
Net (decrease) increase in cash, cash equivalents and restricted cash (58) 64 (246)
Cash, cash equivalents and restricted cash at beginning of period 421 357 603
Cash, cash equivalents and restricted cash at end of period 363 421 357
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 3,590 3,284 2,883
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds) (625) (400) 1
Significant non-cash transactions:      
Accrued capital expenditures 2,674 1,909 1,908
Piedmont      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 440 413 379
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion (including amortization of nuclear fuel) 285 264 239
Equity component of AFUDC (17) (21) (21)
Impairment of assets and other charges 0 0 (4)
Deferred income taxes 40 60 38
Equity in earnings of unconsolidated affiliates (8) (8) (9)
Contributions to qualified pension plans (3) (3) (3)
(Increase) decrease in      
Receivables (105) (61) 127
Receivables from affiliated companies 8 (6) 1
Inventory (10) 34 58
Other current assets 40 (9) (46)
Increase (decrease) in      
Accounts payable 55 40 (45)
Accounts payable to affiliated companies 64 (28) 3
Taxes accrued 22 (5) 15
Other current liabilities (35) (13) 27
Other assets 7 (16) (7)
Other liabilities (6) 17 10
Net cash provided by operating activities 777 658 762
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (807) (1,025) (1,036)
Other (44) (54) (54)
Net cash used in investing activities (851) (1,079) (1,090)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 450 373 348
Payments for the redemption of long-term debt (205) (40) (45)
Notes payable to affiliated companies (131) 200 25
Distributions to parent (40) (110) 0
Dividends to parent (1) 0 0
Net cash provided by financing activities 73 423 328
Net (decrease) increase in cash, cash equivalents and restricted cash (1) 2 0
Cash, cash equivalents and restricted cash at beginning of period 2 0 0
Cash, cash equivalents and restricted cash at end of period 1 2 0
Supplemental Disclosures:      
Cash paid for interest, net of amount capitalized 193 176 162
Cash paid for (received from) income taxes, net (includes transferable tax credit sale proceeds) 55 48 28
Significant non-cash transactions:      
Accrued capital expenditures $ 169 $ 105 $ 223