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Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2025

Consolidated VIEs

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables reported on the Consolidated Balance Sheets.

			Duke Energy						Duke Energy
			Carolinas						Progress
(in millions)			DERF						DEPR
Expiration date			(a)						(b)
Credit facility amount			(a)						(b)
Amounts borrowed at December 31, 2025			—						—
Amounts borrowed at December 31, 2024			500						400
Restricted Receivables at December 31, 2025			—						—
Restricted Receivables at December 31, 2024			1,054						835

(a)    In January 2025, Duke Energy Carolinas repaid all outstanding DERF borrowing and terminated the related $500 million DERF credit facility.

(b)    In March 2025, Duke Energy repaid all the outstanding DEPR borrowing and terminated the related $400 million DEPR credit facility.

Consolidated VIEs | Duke Energy Florida

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the impact of this VIE on Duke Energy Florida's Consolidated Balance Sheets.

			December 31,
(in millions)			2025			2024
Inventory			$	669		494
Accounts Payable			289			208

Consolidated VIEs | DEFPF

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Consolidated Balance Sheets.

			December 31,
(in millions)			2025			2024
Receivables of VIEs			$	3		$	—
Regulatory Assets: Current			62			61
Current Assets: Other			34			35
Other Noncurrent Assets: Regulatory assets			682			741
Other Noncurrent Assets: Other			7			7
Current Liabilities: Other			7			8
Current maturities of long-term debt			61			59
Long-Term Debt			712			773

Consolidated VIEs | DECNCSF and DEPNCSF

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the impact of these VIEs on Duke Energy Carolinas’ and Duke Energy Progress’ Consolidated Balance Sheets.

			December 31, 2025
			Duke Energy Carolinas									Duke Energy Progress
(in millions)			DECNCSF			DECNCSFII			DECSCSF			DEPNCSF			DEPNCSFII			DEPSCSF
Receivables of VIEs			1			3			—			4			3			2
Regulatory Assets: Current			12			29			31			39			23			8
Current Assets: Other			9			3			—			30			3			5
Other Noncurrent Assets: Regulatory assets			179			550			528			583			435			151
Other Noncurrent Assets: Other			1			3			3			4			2			1
Current maturities of long-term debt			11			2			3			35			1			5
Long-Term Debt			188			575			553			611			455			158

			December 31, 2024
			Duke Energy Carolinas			Duke Energy Progress
(in millions)			DECNCSF			DEPNCSF			DEPSCSF
Regulatory Assets: Current			$	12		$	39		$	8
Current Assets: Other			9			27			13
Other Noncurrent Assets: Regulatory assets			189			620			155
Other Noncurrent Assets: Other			1			4			1
Current maturities of long-term debt			10			34			9
Current Liabilities: Other			2			10			7
Long-Term Debt			198			646			163

Non-consolidated VIEs | Cinergy Receivables [Member]

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table shows sales and cash flows related to receivables sold and reflects CRC activity prior to its termination in March 2024.

									Duke Energy Ohio															Duke Energy Indiana
									Years Ended December 31,															Years Ended December 31,
(in millions)									2024						2023												2024						2023
Sales
Receivables sold									$	474					$	2,578											$	473					$	3,223
Loss recognized on sale									7						34												6						39
Cash flows
Cash proceeds from receivables sold									478						2,591												523						3,294
Collection fees received									—						1												—						2
Return received on retained interests									4						19												4						25

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- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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