Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Duke Energy CORP | a14-12843_18k.htm |
Exhibit 99.1
1st Quarter 2014 Statistical Supplement
CONTENTS
|
DUKE ENERGY CORPORATION | ||
|
|
| |
|
2 |
|
Consolidating Statement of Operations |
|
4 |
|
Consolidating Balance Sheet |
|
|
| |
|
REGULATED UTILITIES | ||
|
|
| |
|
6 |
|
Consolidating Segment Income |
|
8 |
|
Consolidating Balance Sheet |
|
10 |
|
Operating Statistics (Regulated Utilities) |
|
12 |
|
Operating Statistics (Duke Energy Carolinas) |
|
14 |
|
Operating Statistics (Duke Energy Progress) |
|
16 |
|
Operating Statistics (Duke Energy Florida) |
|
18 |
|
Operating Statistics (Duke Energy Ohio - Electric) |
|
20 |
|
Operating Statistics (Duke Energy Ohio - Gas) |
|
21 |
|
Operating Statistics (Duke Energy Indiana) |
|
|
| |
|
INTERNATIONAL ENERGY | ||
|
|
| |
|
23 |
|
Operating Statistics |
|
|
| |
|
COMMERCIAL POWER | ||
|
|
| |
|
24 |
|
Operating Statistics |
|
|
| |
|
DUKE ENERGY OHIO SUPPLEMENT | ||
|
|
|
|
|
25 |
|
Consolidating Statement of Operations |
DUKE ENERGY CORPORATION
Consolidating Statement of Operations
(Unaudited)
|
|
|
Three Months Ended March 31, 2014 |
| ||||||||||||||||
|
|
|
Regulated |
|
International |
|
Commercial |
|
|
|
Eliminations/ |
|
|
| ||||||
|
(in millions) |
|
Utilities |
|
Energy |
|
Power |
|
Other |
|
Adjustments |
|
Duke Energy |
| ||||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Regulated electric (a) |
|
$ |
5,583 |
|
$ |
— |
|
$ |
28 |
|
$ |
(2 |
) |
$ |
(31 |
) |
$ |
5,578 |
|
|
Nonregulated electric, natural gas, and other |
|
— |
|
382 |
|
421 |
|
27 |
|
(6 |
) |
824 |
| ||||||
|
Regulated natural gas |
|
222 |
|
— |
|
— |
|
— |
|
— |
|
222 |
| ||||||
|
Total operating revenues |
|
5,805 |
|
382 |
|
449 |
|
25 |
|
(37 |
) |
6,624 |
| ||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fuel used in electric generation and purchased power - regulated |
|
2,000 |
|
— |
|
— |
|
— |
|
— |
|
2,000 |
| ||||||
|
Fuel used in electric generation and purchased power - nonregulated |
|
— |
|
107 |
|
293 |
|
16 |
|
(7 |
) |
409 |
| ||||||
|
Cost of natural gas and other |
|
100 |
|
16 |
|
6 |
|
— |
|
— |
|
122 |
| ||||||
|
Operation, maintenance and other |
|
1,306 |
|
83 |
|
109 |
|
38 |
|
(30 |
) |
1,506 |
| ||||||
|
Depreciation and amortization |
|
677 |
|
23 |
|
61 |
|
29 |
|
— |
|
790 |
| ||||||
|
Property and other taxes |
|
343 |
|
2 |
|
12 |
|
1 |
|
— |
|
358 |
| ||||||
|
Impairment charges (b) |
|
1 |
|
— |
|
1,381 |
|
— |
|
— |
|
1,382 |
| ||||||
|
Total operating expenses |
|
4,427 |
|
231 |
|
1,862 |
|
84 |
|
(37 |
) |
6,567 |
| ||||||
|
Gains on Sales of Other Assets and Other, Net |
|
1 |
|
— |
|
— |
|
— |
|
— |
|
1 |
| ||||||
|
Operating Income (Loss) |
|
1,379 |
|
151 |
|
(1,413 |
) |
(59 |
) |
— |
|
58 |
| ||||||
|
Other Income and Expenses |
|
69 |
|
57 |
|
5 |
|
7 |
|
(7 |
) |
131 |
| ||||||
|
Interest Expense |
|
270 |
|
23 |
|
15 |
|
105 |
|
(7 |
) |
406 |
| ||||||
|
Income (Loss) from Continuing Operations before Income Taxes |
|
1,178 |
|
185 |
|
(1,423 |
) |
(157 |
) |
— |
|
(217 |
) | ||||||
|
Income Tax Expense (Benefit) |
|
441 |
|
51 |
|
(544 |
) |
(75 |
) |
— |
|
(127 |
) | ||||||
|
Income (Loss) from Continuing Operations |
|
737 |
|
134 |
|
(879 |
) |
(82 |
) |
— |
|
(90 |
) | ||||||
|
Less: Net Income Attributable to Non-controlling Interest |
|
— |
|
4 |
|
— |
|
— |
|
— |
|
4 |
| ||||||
|
Segment Income (Loss) / Net Expense |
|
$ |
737 |
|
$ |
130 |
|
$ |
(879 |
) |
$ |
(82 |
) |
$ |
— |
|
$ |
(94 |
) |
|
Income from Discontinued Operations, Net of Tax |
|
|
|
|
|
|
|
|
|
|
|
(3 |
) | ||||||
|
Net Loss Attributable to Duke Energy Corporation |
|
|
|
|
|
|
|
|
|
|
|
$ |
(97 |
) | |||||
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
(b) The amount for Commercial Power relates to the planned disposition of the Midwest Generation business.
DUKE ENERGY CORPORATION
Consolidating Statement of Operations
(Unaudited)
|
|
|
Three Months Ended March 31, 2013 |
| ||||||||||||||||
|
|
|
Regulated |
|
International |
|
Commercial |
|
|
|
Eliminations/ |
|
|
| ||||||
|
(in millions) |
|
Utilities |
|
Energy |
|
Power |
|
Other |
|
Adjustments |
|
Duke Energy |
| ||||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Regulated electric (a) |
|
$ |
4,874 |
|
$ |
— |
|
$ |
27 |
|
$ |
16 |
|
$ |
(28 |
) |
$ |
4,889 |
|
|
Nonregulated electric, natural gas, and other |
|
— |
|
392 |
|
425 |
|
19 |
|
(12 |
) |
824 |
| ||||||
|
Regulated natural gas |
|
186 |
|
— |
|
— |
|
— |
|
(1 |
) |
185 |
| ||||||
|
Total operating revenues |
|
5,060 |
|
392 |
|
452 |
|
35 |
|
(41 |
) |
5,898 |
| ||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fuel used in electric generation and purchased power - regulated |
|
1,703 |
|
— |
|
— |
|
— |
|
— |
|
1,703 |
| ||||||
|
Fuel used in electric generation and purchased power - nonregulated |
|
— |
|
131 |
|
329 |
|
5 |
|
(11 |
) |
454 |
| ||||||
|
Cost of natural gas and other |
|
76 |
|
17 |
|
11 |
|
— |
|
— |
|
104 |
| ||||||
|
Operation, maintenance and other |
|
1,199 |
|
87 |
|
117 |
|
46 |
|
(28 |
) |
1,421 |
| ||||||
|
Depreciation and amortization |
|
536 |
|
26 |
|
63 |
|
36 |
|
(1 |
) |
660 |
| ||||||
|
Property and other taxes |
|
326 |
|
2 |
|
13 |
|
3 |
|
(1 |
) |
343 |
| ||||||
|
Total operating expenses |
|
3,840 |
|
263 |
|
533 |
|
90 |
|
(41 |
) |
4,685 |
| ||||||
|
Gains on Sales of Other Assets and Other, Net |
|
2 |
|
— |
|
— |
|
— |
|
— |
|
2 |
| ||||||
|
Operating Income (Loss) |
|
1,222 |
|
129 |
|
(81 |
) |
(55 |
) |
— |
|
1,215 |
| ||||||
|
Other Income and Expenses |
|
61 |
|
33 |
|
11 |
|
11 |
|
— |
|
116 |
| ||||||
|
Interest Expense |
|
236 |
|
21 |
|
15 |
|
95 |
|
— |
|
367 |
| ||||||
|
Income (Loss) from Continuing Operations before Income Taxes |
|
1,047 |
|
141 |
|
(85 |
) |
(139 |
) |
— |
|
964 |
| ||||||
|
Income Tax Expense (Benefit) |
|
391 |
|
42 |
|
(43 |
) |
(60 |
) |
— |
|
330 |
| ||||||
|
Income (Loss) from Continuing Operations |
|
656 |
|
99 |
|
(42 |
) |
(79 |
) |
— |
|
634 |
| ||||||
|
Less: Net Income (Loss) Attributable to Non-controlling Interest |
|
— |
|
2 |
|
— |
|
(2 |
) |
— |
|
— |
| ||||||
|
Segment Income(Loss)/Net Expense |
|
$ |
656 |
|
$ |
97 |
|
$ |
(42 |
) |
$ |
(77 |
) |
$ |
— |
|
$ |
634 |
|
|
Income from Discontinued Operations, Net of Tax |
|
|
|
|
|
|
|
|
|
|
|
— |
| ||||||
|
Net Income Attributable to Duke Energy Corporation |
|
|
|
|
|
|
|
|
|
|
|
$ |
634 |
| |||||
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
DUKE ENERGY CORPORATION
Consolidating Balance Sheet - Assets
(Unaudited)
|
|
|
March 31, 2014 |
| ||||||||||||||||
|
|
|
Regulated |
|
International |
|
Commercial |
|
|
|
Eliminations/ |
|
|
| ||||||
|
(in millions) |
|
Utilities |
|
Energy |
|
Power |
|
Other |
|
Adjustments |
|
Duke Energy |
| ||||||
|
Current Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Cash and cash equivalents |
|
$ |
100 |
|
$ |
1,194 |
|
$ |
4 |
|
$ |
233 |
|
$ |
— |
|
$ |
1,531 |
|
|
Short-term investments |
|
— |
|
6 |
|
— |
|
— |
|
— |
|
6 |
| ||||||
|
Receivables, net |
|
284 |
|
221 |
|
(26 |
) |
118 |
|
— |
|
597 |
| ||||||
|
Restricted receivables of variable interest entities, net |
|
2,161 |
|
— |
|
38 |
|
— |
|
— |
|
2,199 |
| ||||||
|
Receivables from affiliated companies |
|
710 |
|
133 |
|
883 |
|
12,502 |
|
(14,228 |
) |
— |
| ||||||
|
Notes receivable from affiliated companies |
|
787 |
|
— |
|
85 |
|
305 |
|
(1,177 |
) |
— |
| ||||||
|
Inventory |
|
2,810 |
|
78 |
|
4 |
|
16 |
|
— |
|
2,908 |
| ||||||
|
Assets held for sale |
|
— |
|
— |
|
515 |
|
— |
|
— |
|
515 |
| ||||||
|
Regulatory assets |
|
1,068 |
|
— |
|
— |
|
80 |
|
— |
|
1,148 |
| ||||||
|
Other |
|
766 |
|
50 |
|
199 |
|
703 |
|
(57 |
) |
1,661 |
| ||||||
|
Total current assets |
|
8,686 |
|
1,682 |
|
1,702 |
|
13,957 |
|
(15,462 |
) |
10,565 |
| ||||||
|
Investments and Other Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Investments in equity method unconsolidated affiliates |
|
3 |
|
79 |
|
250 |
|
54 |
|
— |
|
386 |
| ||||||
|
Investments and advances (from) to subsidiaries |
|
(283 |
) |
(17 |
) |
(10 |
) |
43,630 |
|
(43,320 |
) |
— |
| ||||||
|
Nuclear decommissioning trust funds |
|
5,231 |
|
— |
|
— |
|
— |
|
— |
|
5,231 |
| ||||||
|
Goodwill |
|
15,950 |
|
328 |
|
64 |
|
— |
|
— |
|
16,342 |
| ||||||
|
Assets held for sale |
|
— |
|
106 |
|
2,235 |
|
— |
|
— |
|
2,341 |
| ||||||
|
Other |
|
1,966 |
|
1,207 |
|
138 |
|
1,139 |
|
(1,199 |
) |
3,251 |
| ||||||
|
Total investments and other assets |
|
22,867 |
|
1,703 |
|
2,677 |
|
44,823 |
|
(44,519 |
) |
27,551 |
| ||||||
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Cost |
|
92,345 |
|
3,528 |
|
2,403 |
|
1,598 |
|
— |
|
99,874 |
| ||||||
|
Accumulated depreciation and amortization |
|
(31,404 |
) |
(992 |
) |
(277 |
) |
(846 |
) |
— |
|
(33,519 |
) | ||||||
|
Net property, plant and equipment |
|
60,941 |
|
2,536 |
|
2,126 |
|
752 |
|
— |
|
66,355 |
| ||||||
|
Regulatory Assets and Deferred Debits |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Regulatory assets |
|
8,695 |
|
— |
|
71 |
|
372 |
|
— |
|
9,138 |
| ||||||
|
Other |
|
102 |
|
6 |
|
33 |
|
42 |
|
— |
|
183 |
| ||||||
|
Total regulatory assets and deferred debits |
|
8,797 |
|
6 |
|
104 |
|
414 |
|
— |
|
9,321 |
| ||||||
|
Total Assets |
|
101,291 |
|
5,927 |
|
6,609 |
|
59,946 |
|
(59,981 |
) |
113,792 |
| ||||||
|
Segment reclassifications, intercompany balances and other adjustments |
|
(1,194 |
) |
(863 |
) |
(943 |
) |
(57,157 |
) |
60,157 |
|
— |
| ||||||
|
Reportable Segment Assets |
|
$ |
100,097 |
|
$ |
5,064 |
|
$ |
5,666 |
|
$ |
2,789 |
|
$ |
176 |
|
$ |
113,792 |
|
DUKE ENERGY CORPORATION
Consolidating Balance Sheet - Liabilities and Equity
(Unaudited)
|
|
|
March 31, 2014 |
| ||||||||||||||||
|
|
|
Regulated |
|
International |
|
Commercial |
|
|
|
Eliminations/ |
|
|
| ||||||
|
(in millions) |
|
Utilities |
|
Energy |
|
Power |
|
Other |
|
Adjustments |
|
Duke Energy |
| ||||||
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Accounts payable |
|
$ |
1,522 |
|
$ |
41 |
|
$ |
19 |
|
$ |
310 |
|
$ |
— |
|
$ |
1,892 |
|
|
Accounts payable to affiliated companies |
|
13,155 |
|
4 |
|
63 |
|
986 |
|
(14,208 |
) |
— |
| ||||||
|
Notes payable to affiliated companies |
|
10 |
|
— |
|
308 |
|
869 |
|
(1,187 |
) |
— |
| ||||||
|
Notes payable and commercial paper |
|
— |
|
— |
|
— |
|
1,737 |
|
— |
|
1,737 |
| ||||||
|
Taxes accrued |
|
424 |
|
52 |
|
2 |
|
(55 |
) |
— |
|
423 |
| ||||||
|
Interest accrued |
|
358 |
|
29 |
|
1 |
|
96 |
|
(6 |
) |
478 |
| ||||||
|
Current maturities of long-term debt |
|
345 |
|
103 |
|
483 |
|
(46 |
) |
— |
|
885 |
| ||||||
|
Liabilities associated with assets held for sale |
|
— |
|
— |
|
222 |
|
— |
|
— |
|
222 |
| ||||||
|
Regulatory liabilities |
|
243 |
|
— |
|
— |
|
— |
|
— |
|
243 |
| ||||||
|
Other |
|
1,228 |
|
86 |
|
63 |
|
299 |
|
(64 |
) |
1,612 |
| ||||||
|
Total current liabilities |
|
17,285 |
|
315 |
|
1,161 |
|
4,196 |
|
(15,465 |
) |
7,492 |
| ||||||
|
Long-term Debt |
|
26,610 |
|
959 |
|
948 |
|
10,483 |
|
— |
|
39,000 |
| ||||||
|
Notes Payable to Affiliated Companies |
|
450 |
|
— |
|
— |
|
747 |
|
(1,197 |
) |
— |
| ||||||
|
Deferred Credits and Other Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Deferred income taxes |
|
12,710 |
|
212 |
|
753 |
|
(1,823 |
) |
— |
|
11,852 |
| ||||||
|
Investment tax credits |
|
438 |
|
— |
|
— |
|
— |
|
— |
|
438 |
| ||||||
|
Accrued pension and other post-retirement benefit costs |
|
896 |
|
1 |
|
29 |
|
344 |
|
— |
|
1,270 |
| ||||||
|
Liabilities associated with assets held for sale |
|
— |
|
15 |
|
56 |
|
— |
|
— |
|
71 |
| ||||||
|
Asset retirement obligations |
|
4,956 |
|
2 |
|
36 |
|
— |
|
— |
|
4,994 |
| ||||||
|
Regulatory liabilities |
|
6,068 |
|
— |
|
— |
|
57 |
|
— |
|
6,125 |
| ||||||
|
Other |
|
1,185 |
|
72 |
|
116 |
|
388 |
|
— |
|
1,761 |
| ||||||
|
Total deferred credits and other liabilities |
|
26,253 |
|
302 |
|
990 |
|
(1,034 |
) |
— |
|
26,511 |
| ||||||
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Total Duke Energy Corporation shareholders’ equity |
|
30,693 |
|
4,289 |
|
3,496 |
|
45,550 |
|
(43,319 |
) |
40,709 |
| ||||||
|
Noncontrolling interests |
|
— |
|
62 |
|
14 |
|
4 |
|
— |
|
80 |
| ||||||
|
Total equity |
|
30,693 |
|
4,351 |
|
3,510 |
|
45,554 |
|
(43,319 |
) |
40,789 |
| ||||||
|
Total Liabilities and Equity |
|
101,291 |
|
5,927 |
|
6,609 |
|
59,946 |
|
(59,981 |
) |
113,792 |
| ||||||
|
Segment reclassifications, intercompany balances and other adjustments |
|
(1,194 |
) |
(863 |
) |
(943 |
) |
(57,157 |
) |
60,157 |
|
— |
| ||||||
|
Reportable Segment Liabilities and Equity |
|
$ |
100,097 |
|
$ |
5,064 |
|
$ |
5,666 |
|
$ |
2,789 |
|
$ |
176 |
|
$ |
113,792 |
|
REGULATED UTILITIES
Consolidating Segment Income
(Unaudited)
|
|
|
Three Months Ended March 31, 2014 |
| |||||||||||||||||||
|
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
Regulated |
| |||||||
|
(in millions) |
|
Carolinas, LLC |
|
Progress, Inc. |
|
Florida, Inc. |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
Utilities |
| |||||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Regulated electric |
|
$ |
2,000 |
|
$ |
1,422 |
|
$ |
1,116 |
|
$ |
339 |
|
$ |
845 |
|
$ |
(139 |
) |
$ |
5,583 |
|
|
Regulated natural gas |
|
— |
|
— |
|
— |
|
223 |
|
— |
|
(1 |
) |
222 |
| |||||||
|
Total operating revenues |
|
2,000 |
|
1,422 |
|
1,116 |
|
562 |
|
845 |
|
(140 |
) |
5,805 |
| |||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Fuel used in electric generation and purchased power - regulated |
|
646 |
|
570 |
|
470 |
|
124 |
|
339 |
|
(149 |
) |
2,000 |
| |||||||
|
Cost of natural gas |
|
— |
|
— |
|
— |
|
99 |
|
— |
|
1 |
|
100 |
| |||||||
|
Operation, maintenance and other |
|
465 |
|
368 |
|
203 |
|
106 |
|
162 |
|
2 |
|
1,306 |
| |||||||
|
Depreciation and amortization |
|
242 |
|
144 |
|
132 |
|
55 |
|
102 |
|
2 |
|
677 |
| |||||||
|
Property and other taxes |
|
104 |
|
67 |
|
84 |
|
66 |
|
23 |
|
(1 |
) |
343 |
| |||||||
|
Impairment charges |
|
— |
|
— |
|
1 |
|
— |
|
— |
|
— |
|
1 |
| |||||||
|
Total operating expenses |
|
1,457 |
|
1,149 |
|
890 |
|
450 |
|
626 |
|
(145 |
) |
4,427 |
| |||||||
|
Gains on Sales of Other Assets and Other, Net |
|
— |
|
1 |
|
— |
|
— |
|
— |
|
— |
|
1 |
| |||||||
|
Operating Income |
|
543 |
|
274 |
|
226 |
|
112 |
|
219 |
|
5 |
|
1,379 |
| |||||||
|
Other Income and Expenses (a) |
|
49 |
|
9 |
|
5 |
|
3 |
|
7 |
|
(4 |
) |
69 |
| |||||||
|
Interest Expense |
|
101 |
|
57 |
|
49 |
|
20 |
|
43 |
|
— |
|
270 |
| |||||||
|
Income from Continuing Operations before Income Taxes |
|
491 |
|
226 |
|
182 |
|
95 |
|
183 |
|
1 |
|
1,178 |
| |||||||
|
Income Tax Expense |
|
184 |
|
83 |
|
70 |
|
31 |
|
67 |
|
6 |
|
441 |
| |||||||
|
Segment Income |
|
$ |
307 |
|
$ |
143 |
|
$ |
112 |
|
$ |
64 |
|
$ |
116 |
|
$ |
(5 |
) |
$ |
737 |
|
(a) Contains an equity component of allowance for funds used during construction of $22 million for Duke Energy Carolinas.
REGULATED UTILITIES
Consolidating Segment Income
(Unaudited)
|
|
|
Three Months Ended March 31, 2013 |
| |||||||||||||||||||
|
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
Regulated |
| |||||||
|
(in millions) |
|
Carolinas, LLC |
|
Progress, Inc. |
|
Florida, Inc. |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments |
|
Utilities |
| |||||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Regulated electric |
|
$ |
1,720 |
|
$ |
1,210 |
|
$ |
968 |
|
$ |
306 |
|
$ |
724 |
|
$ |
(54 |
) |
$ |
4,874 |
|
|
Regulated natural gas |
|
— |
|
— |
|
— |
|
186 |
|
— |
|
— |
|
186 |
| |||||||
|
Total operating revenues |
|
1,720 |
|
1,210 |
|
968 |
|
492 |
|
724 |
|
(54 |
) |
5,060 |
| |||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Fuel used in electric generation and purchased power - regulated |
|
513 |
|
455 |
|
405 |
|
103 |
|
293 |
|
(66 |
) |
1,703 |
| |||||||
|
Cost of natural gas |
|
— |
|
— |
|
— |
|
76 |
|
— |
|
— |
|
76 |
| |||||||
|
Operation, maintenance and other |
|
422 |
|
336 |
|
203 |
|
104 |
|
143 |
|
(9 |
) |
1,199 |
| |||||||
|
Depreciation and amortization |
|
222 |
|
137 |
|
52 |
|
49 |
|
78 |
|
(2 |
) |
536 |
| |||||||
|
Property and other taxes |
|
100 |
|
59 |
|
79 |
|
65 |
|
22 |
|
1 |
|
326 |
| |||||||
|
Total operating expenses |
|
1,257 |
|
987 |
|
739 |
|
397 |
|
536 |
|
(76 |
) |
3,840 |
| |||||||
|
Gains on Sales of Other Assets and Other, Net |
|
2 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
2 |
| |||||||
|
Operating Income |
|
465 |
|
223 |
|
229 |
|
95 |
|
188 |
|
22 |
|
1,222 |
| |||||||
|
Other Income and Expenses (a) |
|
37 |
|
14 |
|
8 |
|
2 |
|
4 |
|
(4 |
) |
61 |
| |||||||
|
Interest Expense |
|
83 |
|
48 |
|
49 |
|
17 |
|
41 |
|
(2 |
) |
236 |
| |||||||
|
Income from Continuing Operations before Income Taxes |
|
419 |
|
189 |
|
188 |
|
80 |
|
151 |
|
20 |
|
1,047 |
| |||||||
|
Income Tax Expense |
|
156 |
|
72 |
|
73 |
|
27 |
|
57 |
|
6 |
|
391 |
| |||||||
|
Segment Income |
|
$ |
263 |
|
$ |
117 |
|
$ |
115 |
|
$ |
53 |
|
$ |
94 |
|
$ |
14 |
|
$ |
656 |
|
(a) Contains an equity component of allowance for funds used during construction of $26 million for Duke Energy Carolinas and $11 million for Duke Energy Progress.
REGULATED UTILITIES
Consolidating Balance Sheet - Assets
(Unaudited)
|
|
|
March 31, 2014 |
| |||||||||||||||||||
|
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
Regulated |
| |||||||
|
(in millions) |
|
Carolinas, LLC |
|
Progress, Inc. |
|
Florida, Inc. |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments (a) |
|
Utilities |
| |||||||
|
Current Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Cash and cash equivalents |
|
$ |
17 |
|
$ |
9 |
|
$ |
10 |
|
$ |
38 |
|
$ |
26 |
|
$ |
— |
|
$ |
100 |
|
|
Receivables, net |
|
114 |
|
14 |
|
35 |
|
75 |
|
46 |
|
— |
|
284 |
| |||||||
|
Restricted receivables of variable interest entities, net |
|
705 |
|
538 |
|
318 |
|
— |
|
— |
|
600 |
|
2,161 |
| |||||||
|
Receivables from affiliated companies |
|
134 |
|
457 |
|
38 |
|
319 |
|
141 |
|
(379 |
) |
710 |
| |||||||
|
Notes receivable from affiliated companies |
|
337 |
|
65 |
|
110 |
|
83 |
|
190 |
|
2 |
|
787 |
| |||||||
|
Inventory |
|
886 |
|
823 |
|
568 |
|
89 |
|
444 |
|
— |
|
2,810 |
| |||||||
|
Regulatory assets |
|
320 |
|
315 |
|
214 |
|
27 |
|
178 |
|
14 |
|
1,068 |
| |||||||
|
Other |
|
226 |
|
294 |
|
83 |
|
35 |
|
108 |
|
20 |
|
766 |
| |||||||
|
Total current assets |
|
2,739 |
|
2,515 |
|
1,376 |
|
666 |
|
1,133 |
|
257 |
|
8,686 |
| |||||||
|
Investment and Other Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Investments in equity method unconsolidated affiliates |
|
— |
|
1 |
|
2 |
|
— |
|
— |
|
— |
|
3 |
| |||||||
|
Investments and advances to subsidiaries |
|
47 |
|
(347 |
) |
9 |
|
(1 |
) |
— |
|
9 |
|
(283 |
) | |||||||
|
Nuclear decommissioning trust funds |
|
2,900 |
|
1,569 |
|
761 |
|
— |
|
— |
|
1 |
|
5,231 |
| |||||||
|
Goodwill |
|
— |
|
— |
|
— |
|
920 |
|
— |
|
15,030 |
|
15,950 |
| |||||||
|
Other |
|
994 |
|
458 |
|
250 |
|
41 |
|
212 |
|
11 |
|
1,966 |
| |||||||
|
Total investments and other assets |
|
3,941 |
|
1,681 |
|
1,022 |
|
960 |
|
212 |
|
15,051 |
|
22,867 |
| |||||||
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Cost |
|
35,296 |
|
22,477 |
|
13,973 |
|
7,029 |
|
12,578 |
|
992 |
|
92,345 |
| |||||||
|
Accumulated depreciation and amortization |
|
(12,125 |
) |
(8,749 |
) |
(4,337 |
) |
(2,196 |
) |
(3,994 |
) |
(3 |
) |
(31,404 |
) | |||||||
|
Net property, plant and equipment |
|
23,171 |
|
13,728 |
|
9,636 |
|
4,833 |
|
8,584 |
|
989 |
|
60,941 |
| |||||||
|
Regulatory Assets and Deferred Debits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Regulatory assets |
|
1,459 |
|
1,404 |
|
2,711 |
|
426 |
|
669 |
|
2,026 |
|
8,695 |
| |||||||
|
Other |
|
45 |
|
35 |
|
44 |
|
9 |
|
25 |
|
(56 |
) |
102 |
| |||||||
|
Total regulatory assets and deferred debits |
|
1,504 |
|
1,439 |
|
2,755 |
|
435 |
|
694 |
|
1,970 |
|
8,797 |
| |||||||
|
Total Assets |
|
31,355 |
|
19,363 |
|
14,789 |
|
6,894 |
|
10,623 |
|
18,267 |
|
101,291 |
| |||||||
|
Segment reclassifications, intercompany balances and other adjustments |
|
(176 |
) |
(622 |
) |
(134 |
) |
(158 |
) |
(57 |
) |
(47 |
) |
(1,194 |
) | |||||||
|
Reportable Segment Assets |
|
$ |
31,179 |
|
$ |
18,741 |
|
$ |
14,655 |
|
$ |
6,736 |
|
$ |
10,566 |
|
$ |
18,220 |
|
$ |
100,097 |
|
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments and restricted receivables related to Cinergy Receivables Company.
REGULATED UTILITIES
Consolidating Balance Sheet - Liabilities and Equity
(Unaudited)
|
|
|
March 31, 2014 |
| |||||||||||||||||||
|
|
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Duke Energy |
|
Eliminations/ |
|
Regulated |
| |||||||
|
(in millions) |
|
Carolinas, LLC |
|
Progress, Inc. |
|
Florida, Inc. |
|
Ohio, Inc. |
|
Indiana, Inc. |
|
Adjustments (a) |
|
Utilities |
| |||||||
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Accounts payable |
|
$ |
540 |
|
$ |
345 |
|
$ |
311 |
|
$ |
197 |
|
$ |
129 |
|
$ |
— |
|
$ |
1,522 |
|
|
Accounts payable to affiliated companies |
|
175 |
|
297 |
|
101 |
|
15 |
|
— |
|
12,567 |
|
13,155 |
| |||||||
|
Notes payable to affiliated companies |
|
— |
|
— |
|
— |
|
(3 |
) |
— |
|
13 |
|
10 |
| |||||||
|
Taxes accrued |
|
157 |
|
36 |
|
77 |
|
6 |
|
140 |
|
8 |
|
424 |
| |||||||
|
Interest accrued |
|
136 |
|
77 |
|
66 |
|
30 |
|
51 |
|
(2 |
) |
358 |
| |||||||
|
Current maturities of long-term debt |
|
47 |
|
6 |
|
11 |
|
197 |
|
5 |
|
79 |
|
345 |
| |||||||
|
Regulatory liabilities |
|
44 |
|
68 |
|
104 |
|
12 |
|
15 |
|
— |
|
243 |
| |||||||
|
Other |
|
348 |
|
329 |
|
406 |
|
57 |
|
84 |
|
4 |
|
1,228 |
| |||||||
|
Total current liabilities |
|
1,447 |
|
1,158 |
|
1,076 |
|
511 |
|
424 |
|
12,669 |
|
17,285 |
| |||||||
|
Long-term Debt |
|
8,089 |
|
5,711 |
|
5,099 |
|
1,576 |
|
3,641 |
|
2,494 |
|
26,610 |
| |||||||
|
Notes Payable to Affiliated Companies |
|
300 |
|
— |
|
— |
|
— |
|
150 |
|
— |
|
450 |
| |||||||
|
Deferred Credits and Other Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Deferred income taxes |
|
5,757 |
|
2,658 |
|
1,834 |
|
1,237 |
|
1,193 |
|
31 |
|
12,710 |
| |||||||
|
Investment tax credits |
|
208 |
|
83 |
|
1 |
|
6 |
|
140 |
|
— |
|
438 |
| |||||||
|
Accrued pension and other post-retirement benefit costs |
|
158 |
|
316 |
|
284 |
|
32 |
|
107 |
|
(1 |
) |
896 |
| |||||||
|
Asset retirement obligations |
|
1,617 |
|
1,758 |
|
829 |
|
23 |
|
30 |
|
699 |
|
4,956 |
| |||||||
|
Regulatory liabilities |
|
2,601 |
|
1,792 |
|
609 |
|
264 |
|
796 |
|
6 |
|
6,068 |
| |||||||
|
Other |
|
667 |
|
129 |
|
275 |
|
69 |
|
45 |
|
— |
|
1,185 |
| |||||||
|
Total deferred credits and other liabilities |
|
11,008 |
|
6,736 |
|
3,832 |
|
1,631 |
|
2,311 |
|
735 |
|
26,253 |
| |||||||
|
Equity |
|
10,511 |
|
5,758 |
|
4,782 |
|
3,176 |
|
4,097 |
|
2,369 |
|
30,693 |
| |||||||
|
Total Liabilities and Equity |
|
31,355 |
|
19,363 |
|
14,789 |
|
6,894 |
|
10,623 |
|
18,267 |
|
101,291 |
| |||||||
|
Segment reclassifications, intercompany balances and other adjustments |
|
(176 |
) |
(622 |
) |
(134 |
) |
(158 |
) |
(57 |
) |
(47 |
) |
(1,194 |
) | |||||||
|
Reportable Segment Liabilities and Equity |
|
$ |
31,179 |
|
$ |
18,741 |
|
$ |
14,655 |
|
$ |
6,736 |
|
$ |
10,566 |
|
$ |
18,220 |
|
$ |
100,097 |
|
(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments and notes payable related to Cinergy Receivables Company.
REGULATED UTILITIES
Operating Statistics (Regulated Utilities)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
25,665 |
|
20,919 |
|
|
Nuclear |
|
16,966 |
|
17,182 |
|
|
Hydro |
|
813 |
|
970 |
|
|
Oil & gas |
|
10,758 |
|
10,783 |
|
|
Renewable Energy |
|
3 |
|
3 |
|
|
Total generation (b) |
|
54,205 |
|
49,857 |
|
|
Purchased power (c) and net interchange |
|
7,374 |
|
7,566 |
|
|
Total sources of energy |
|
61,579 |
|
57,423 |
|
|
Less: Line loss and company usage |
|
3,021 |
|
2,823 |
|
|
Total GWh Sources |
|
58,558 |
|
54,600 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
24,193 |
|
21,734 |
|
|
General service |
|
18,147 |
|
17,545 |
|
|
Industrial |
|
12,055 |
|
11,925 |
|
|
Other energy and wholesale |
|
10,057 |
|
8,649 |
|
|
Change in unbilled |
|
(584 |
) |
(206 |
) |
|
Total GWh Sales |
|
63,868 |
|
59,647 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
49,595 |
|
49,641 |
|
|
Winter |
|
52,951 |
|
52,948 |
|
|
|
|
|
|
|
|
|
Nuclear Capacity Factor (%) (e) |
|
95 |
|
97 |
|
(a) Statistics reflect Duke Energy’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(e) Statistics reflect 100% of jointly owned stations.
Note: Total GWh Sources will not equal Total GWh Sales. Sources include only Duke Energy Kentucky’s regulated generation for all periods. Sales include Duke Energy Ohio’s and Duke Energy Kentucky’s retail sales. Ohio retail sales are fulfilled through auction purchases under the current ESP.
REGULATED UTILITIES
Operating Statistics (Regulated Utilities)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
2,556 |
|
$ |
2,170 |
|
|
General service |
|
1,513 |
|
1,379 |
| ||
|
Industrial |
|
731 |
|
671 |
| ||
|
Other energy and wholesale (a) |
|
656 |
|
562 |
| ||
|
Change in unbilled |
|
(40 |
) |
(22 |
) | ||
|
Total Revenues |
|
$ |
5,416 |
|
$ |
4,760 |
|
|
|
|
|
|
|
| ||
|
Average Number of Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
6,265 |
|
6,201 |
| ||
|
General service |
|
939 |
|
932 |
| ||
|
Industrial |
|
18 |
|
19 |
| ||
|
Other energy and wholesale |
|
23 |
|
22 |
| ||
|
Total Average Number of Customers |
|
7,245 |
|
7,174 |
| ||
(a) Net of JDA Intercompany sales.
REGULATED UTILITIES
Operating Statistics (Duke Energy Carolinas)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
10,285 |
|
8,260 |
|
|
Nuclear |
|
11,406 |
|
11,019 |
|
|
Hydro |
|
500 |
|
614 |
|
|
Oil & gas |
|
1,345 |
|
2,219 |
|
|
Renewable Energy |
|
3 |
|
3 |
|
|
Total generation (b) |
|
23,539 |
|
22,115 |
|
|
Purchased power (c) and net interchange |
|
1,515 |
|
1,441 |
|
|
Total sources of energy |
|
25,054 |
|
23,556 |
|
|
Less: Line loss and company usage |
|
1,361 |
|
1,310 |
|
|
Total GWh Sources |
|
23,693 |
|
22,246 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
8,564 |
|
7,705 |
|
|
General service |
|
6,781 |
|
6,526 |
|
|
Industrial |
|
4,914 |
|
4,811 |
|
|
Other energy and wholesale |
|
3,615 |
|
3,194 |
|
|
Change in unbilled |
|
(181 |
) |
10 |
|
|
Total GWh Sales |
|
23,693 |
|
22,246 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
19,770 |
|
20,407 |
|
|
Winter |
|
20,496 |
|
21,136 |
|
|
|
|
|
|
|
|
|
Nuclear Capacity Factor (%) (e) |
|
101 |
|
99 |
|
(a) Statistics reflect Duke Energy Carolinas’ ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(e) Statistics reflect 100% of jointly owned stations.
REGULATED UTILITIES
Operating Statistics (Duke Energy Carolinas)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
883 |
|
$ |
748 |
|
|
General service |
|
541 |
|
502 |
| ||
|
Industrial |
|
276 |
|
253 |
| ||
|
Other energy and wholesale |
|
240 |
|
163 |
| ||
|
Change in unbilled |
|
(14 |
) |
(5 |
) | ||
|
Total Revenues |
|
$ |
1,926 |
|
$ |
1,661 |
|
|
|
|
|
|
|
| ||
|
Average Number of Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
2,082 |
|
2,062 |
| ||
|
General service |
|
340 |
|
338 |
| ||
|
Industrial |
|
7 |
|
7 |
| ||
|
Other energy and wholesale |
|
14 |
|
14 |
| ||
|
Total Average Number of Customers |
|
2,443 |
|
2,421 |
| ||
REGULATED UTILITIES
Operating Statistics (Duke Energy Progress)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
4,877 |
|
3,130 |
|
|
Nuclear |
|
5,560 |
|
6,163 |
|
|
Hydro |
|
254 |
|
282 |
|
|
Oil & gas |
|
3,877 |
|
3,567 |
|
|
Total generation (b) |
|
14,568 |
|
13,142 |
|
|
Purchased power (c) and net interchange |
|
2,279 |
|
2,190 |
|
|
Total sources of energy |
|
16,847 |
|
15,332 |
|
|
Less: Line loss and company usage |
|
686 |
|
631 |
|
|
Total GWh Sources |
|
16,161 |
|
14,701 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
5,580 |
|
4,959 |
|
|
General service |
|
3,641 |
|
3,482 |
|
|
Industrial |
|
2,381 |
|
2,444 |
|
|
Other energy and wholesale |
|
4,556 |
|
3,781 |
|
|
Change in unbilled |
|
3 |
|
35 |
|
|
Total GWh Sales |
|
16,161 |
|
14,701 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
12,221 |
|
12,202 |
|
|
Winter |
|
13,334 |
|
13,240 |
|
|
|
|
|
|
|
|
|
Nuclear Capacity Factor (%) (e) |
|
85 |
|
93 |
|
(a) Statistics include Duke Energy Progress’ ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(e) Statistics reflect 100% of jointly owned stations.
REGULATED UTILITIES
Operating Statistics (Duke Energy Progress)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
563 |
|
$ |
485 |
|
|
General service |
|
315 |
|
294 |
| ||
|
Industrial |
|
157 |
|
154 |
| ||
|
Other energy and wholesale |
|
350 |
|
235 |
| ||
|
Change in unbilled |
|
1 |
|
3 |
| ||
|
Total Revenues |
|
$ |
1,386 |
|
$ |
1,171 |
|
|
|
|
|
|
|
| ||
|
Average Number of Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
1,252 |
|
1,238 |
| ||
|
General service |
|
222 |
|
220 |
| ||
|
Industrial |
|
4 |
|
4 |
| ||
|
Other energy and wholesale |
|
2 |
|
2 |
| ||
|
Total Average Number of Customers |
|
1,480 |
|
1,464 |
| ||
REGULATED UTILITIES
Operating Statistics (Duke Energy Florida)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
2,739 |
|
2,169 |
|
|
Oil & gas |
|
5,269 |
|
4,806 |
|
|
Total generation (b) |
|
8,008 |
|
6,975 |
|
|
Purchased power (c) and net interchange |
|
1,064 |
|
1,683 |
|
|
Total sources of energy |
|
9,072 |
|
8,658 |
|
|
Less: Line loss and company usage |
|
411 |
|
641 |
|
|
Total GWh Sources |
|
8,661 |
|
8,017 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
4,051 |
|
3,744 |
|
|
General service |
|
3,248 |
|
3,224 |
|
|
Industrial |
|
801 |
|
755 |
|
|
Other energy and wholesale |
|
422 |
|
260 |
|
|
Change in unbilled |
|
139 |
|
34 |
|
|
Total GWh Sales |
|
8,661 |
|
8,017 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
9,072 |
|
9,095 |
|
|
Winter |
|
10,109 |
|
10,191 |
|
(a) Statistics reflect Duke Energy Florida’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as single amount and not allocated to the respective retail classes.
REGULATED UTILITIES
Operating Statistics (Duke Energy Florida)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
560 |
|
$ |
466 |
|
|
General service |
|
348 |
|
302 |
| ||
|
Industrial |
|
74 |
|
61 |
| ||
|
Other energy and wholesale |
|
113 |
|
130 |
| ||
|
Change in unbilled |
|
14 |
|
3 |
| ||
|
Total Revenues |
|
$ |
1,109 |
|
$ |
962 |
|
|
|
|
|
|
|
| ||
|
Average Number of Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
1,492 |
|
1,474 |
| ||
|
General service |
|
191 |
|
188 |
| ||
|
Industrial |
|
2 |
|
2 |
| ||
|
Other energy and wholesale |
|
2 |
|
2 |
| ||
|
Total Average Number of Customers |
|
1,687 |
|
1,666 |
| ||
REGULATED UTILITIES
Operating Statistics (Duke Energy Ohio - Electric)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
804 |
|
943 |
|
|
Total generation (b) |
|
804 |
|
943 |
|
|
Purchased power (c) and net interchange |
|
475 |
|
247 |
|
|
Total sources of energy |
|
1,279 |
|
1,190 |
|
|
Less: Line loss and company usage |
|
110 |
|
59 |
|
|
Total GWh Sources |
|
1,169 |
|
1,131 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
2,779 |
|
2,498 |
|
|
General service |
|
2,372 |
|
2,282 |
|
|
Industrial |
|
1,436 |
|
1,396 |
|
|
Other energy and wholesale |
|
134 |
|
148 |
|
|
Change in unbilled |
|
(242 |
) |
(146 |
) |
|
Total GWh Sales |
|
6,479 |
|
6,178 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
1,039 |
|
1,039 |
|
|
Winter |
|
1,141 |
|
1,141 |
|
(a) Statistics reflect Duke Energy Ohio’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
Note: Total GWh Sources will not equal Total GWh Sales. Sources include only Duke Energy Kentucky’s regulated generation for all periods. Sales include Duke Energy Ohio’s and Duke Energy Kentucky’s retail sales. Ohio retail sales are fulfilled through auction purchases under the current ESP.
REGULATED UTILITIES
Operating Statistics (Duke Energy Ohio - Electric)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
204 |
|
$ |
183 |
|
|
General service |
|
110 |
|
101 |
| ||
|
Industrial |
|
28 |
|
25 |
| ||
|
Other energy and wholesale |
|
10 |
|
7 |
| ||
|
Change in unbilled |
|
(14 |
) |
(10 |
) | ||
|
Total Revenues |
|
$ |
338 |
|
$ |
306 |
|
|
|
|
|
|
|
| ||
|
Average Number of Electric Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
744 |
|
737 |
| ||
|
General service |
|
86 |
|
86 |
| ||
|
Industrial |
|
3 |
|
3 |
| ||
|
Other energy and wholesale |
|
3 |
|
3 |
| ||
|
Total Average Number of Electric Customers |
|
836 |
|
829 |
| ||
REGULATED UTILITIES
Operating Statistics (Duke Energy Ohio - Gas)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
MCF Sales (a) |
|
|
|
|
| ||
|
Residential |
|
23,585,941 |
|
20,044,850 |
| ||
|
General service |
|
13,692,491 |
|
11,648,545 |
| ||
|
Industrial |
|
2,812,830 |
|
2,407,491 |
| ||
|
Other energy and wholesale |
|
6,597,030 |
|
6,154,498 |
| ||
|
Change in unbilled |
|
(2,467,000 |
) |
(912,000 |
) | ||
|
Total MCF Sales |
|
44,221,292 |
|
39,343,384 |
| ||
|
|
|
|
|
|
| ||
|
Revenues from Distribution of Gas (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
150 |
|
$ |
126 |
|
|
General service |
|
65 |
|
54 |
| ||
|
Industrial |
|
9 |
|
8 |
| ||
|
Other energy and wholesale |
|
6 |
|
4 |
| ||
|
Change in unbilled |
|
(9 |
) |
(6 |
) | ||
|
Total Revenues |
|
$ |
221 |
|
$ |
186 |
|
|
|
|
|
|
|
| ||
|
Average Number of Gas Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
476 |
|
471 |
| ||
|
General service |
|
45 |
|
45 |
| ||
|
Industrial |
|
2 |
|
2 |
| ||
|
Total Average Number of Gas Customers |
|
523 |
|
518 |
| ||
(a) Represents non-weather normalized billed sales, with gas delivered but not yet billed (i.e. unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
REGULATED UTILITIES
Operating Statistics (Duke Energy Indiana)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sources of Electric Energy (GWh) |
|
|
|
|
|
|
Generated - net output (a): |
|
|
|
|
|
|
Coal |
|
6,977 |
|
6,415 |
|
|
Hydro |
|
59 |
|
74 |
|
|
Gas |
|
250 |
|
193 |
|
|
Total generation (b) |
|
7,286 |
|
6,682 |
|
|
Purchased power (c) and net interchange |
|
2,041 |
|
2,005 |
|
|
Total sources of energy |
|
9,327 |
|
8,687 |
|
|
Less: Line loss and company usage |
|
453 |
|
182 |
|
|
Total GWh Sources |
|
8,874 |
|
8,505 |
|
|
|
|
|
|
|
|
|
Electric Energy Sales (GWh) (d) |
|
|
|
|
|
|
Residential |
|
3,219 |
|
2,828 |
|
|
General service |
|
2,105 |
|
2,031 |
|
|
Industrial |
|
2,523 |
|
2,519 |
|
|
Other energy and wholesale |
|
1,330 |
|
1,266 |
|
|
Change in unbilled |
|
(303 |
) |
(139 |
) |
|
Total GWh Sales |
|
8,874 |
|
8,505 |
|
|
|
|
|
|
|
|
|
Owned MW Capacity (a) |
|
|
|
|
|
|
Summer |
|
7,493 |
|
6,898 |
|
|
Winter |
|
7,871 |
|
7,240 |
|
(a) Statistics reflect Duke Energy Indiana’s ownership share of jointly owned stations.
(b) Generation by source is reported net of auxiliary power.
(c) Purchased Power includes Renewable Energy purchases.
(d) Represents non-weather normalized billed sales, with energy delivered but not yet billed (i.e. unbilled sales) reflected as single amount and not allocated to the respective retail classes.
REGULATED UTILITIES
Operating Statistics (Duke Energy Indiana)
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||||
|
|
|
2014 |
|
2013 |
| ||
|
Revenues from Generation, Transmission and Distribution of Electricity (in millions) |
|
|
|
|
| ||
|
Residential |
|
$ |
346 |
|
$ |
288 |
|
|
General service |
|
199 |
|
180 |
| ||
|
Industrial |
|
196 |
|
178 |
| ||
|
Other energy and wholesale |
|
82 |
|
80 |
| ||
|
Change in unbilled |
|
(27 |
) |
(13 |
) | ||
|
Total Revenues |
|
$ |
796 |
|
$ |
713 |
|
|
|
|
|
|
|
| ||
|
Average Number of Customers (in thousands) |
|
|
|
|
| ||
|
Residential |
|
696 |
|
690 |
| ||
|
General service |
|
100 |
|
100 |
| ||
|
Industrial |
|
3 |
|
3 |
| ||
|
Other energy and wholesale |
|
1 |
|
2 |
| ||
|
Total Average Number of Customers |
|
800 |
|
795 |
| ||
INTERNATIONAL ENERGY
Operating Statistics
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
Sales, GWh |
|
5,421 |
|
4,756 |
|
|
Net proportional megawatt capacity in operation |
|
4,600 |
|
4,584 |
|
COMMERCIAL POWER
Operating Statistics
(Unaudited)
|
|
|
Three Months Ended March 31, |
| ||
|
|
|
2014 |
|
2013 |
|
|
|
|
|
|
|
|
|
Generation (GWh) |
|
|
|
|
|
|
Coal |
|
4,711 |
|
4,549 |
|
|
Gas |
|
3,792 |
|
3,897 |
|
|
Renewables |
|
1,589 |
|
1,405 |
|
|
Actual plant generation |
|
10,092 |
|
9,851 |
|
|
|
|
|
|
|
|
|
Net proportional megawatt capacity in operation |
|
7,770 |
|
8,094 |
|
DUKE ENERGY OHIO SUPPLEMENT
Consolidating Statement of Operations
(Unaudited)
|
|
|
Three Months Ended March 31, 2014 |
| |||||||||||||
|
|
|
Regulated Utilities |
|
Commercial |
|
Other |
|
Duke Energy |
| |||||||
|
|
|
Ohio |
|
|
|
|
|
|
|
|
| |||||
|
|
|
Transmission & |
|
Duke Energy |
|
|
|
|
|
|
| |||||
|
(in millions) |
|
Distribution |
|
Kentucky, Inc. |
|
|
|
|
|
|
| |||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Regulated electric (a) |
|
$ |
239 |
|
$ |
100 |
|
$ |
28 |
|
$ |
— |
|
$ |
367 |
|
|
Nonregulated electric and other |
|
— |
|
— |
|
180 |
|
(7 |
) |
173 |
| |||||
|
Regulated natural gas |
|
163 |
|
60 |
|
— |
|
— |
|
223 |
| |||||
|
Total operating revenues |
|
402 |
|
160 |
|
208 |
|
(7 |
) |
763 |
| |||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fuel used in electric generation and purchased power - regulated |
|
70 |
|
54 |
|
— |
|
— |
|
124 |
| |||||
|
Fuel used in electric generation and purchased power - nonregulated |
|
— |
|
— |
|
139 |
|
(8 |
) |
131 |
| |||||
|
Cost of natural gas sold |
|
66 |
|
33 |
|
3 |
|
— |
|
102 |
| |||||
|
Operation, maintenance and other |
|
72 |
|
34 |
|
71 |
|
4 |
|
181 |
| |||||
|
Depreciation and amortization |
|
44 |
|
11 |
|
36 |
|
— |
|
91 |
| |||||
|
Property and other taxes |
|
63 |
|
3 |
|
9 |
|
— |
|
75 |
| |||||
|
Impairment charges (b) |
|
— |
|
— |
|
1,417 |
|
— |
|
1,417 |
| |||||
|
Total operating expenses |
|
315 |
|
135 |
|
1,675 |
|
(4 |
) |
2,121 |
| |||||
|
Operating Income (Loss) |
|
87 |
|
25 |
|
(1,467 |
) |
(3 |
) |
(1,358 |
) | |||||
|
Other Income and Expenses |
|
2 |
|
1 |
|
— |
|
— |
|
3 |
| |||||
|
Interest Expense |
|
16 |
|
4 |
|
2 |
|
— |
|
22 |
| |||||
|
Income (Loss) before Income Taxes |
|
73 |
|
22 |
|
(1,469 |
) |
(3 |
) |
(1,377 |
) | |||||
|
Income Tax Expense (Benefit) |
|
23 |
|
8 |
|
(518 |
) |
— |
|
(487 |
) | |||||
|
Net Income (Loss) |
|
$ |
50 |
|
$ |
14 |
|
$ |
(951 |
) |
$ |
(3 |
) |
$ |
(890 |
) |
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).
(b) The amount for Commercial Power relates to the planned disposition of the Midwest Generation business.
DUKE ENERGY OHIO SUPPLEMENT
Consolidating Statement of Operations
(Unaudited)
|
|
|
Three Months Ended March 31, 2013 |
| |||||||||||||
|
|
|
Regulated Utilities |
|
Commercial |
|
Other |
|
Duke Energy |
| |||||||
|
|
|
Ohio |
|
|
|
|
|
|
|
|
| |||||
|
|
|
Transmission & |
|
Duke Energy |
|
|
|
|
|
|
| |||||
|
(in millions) |
|
Distribution |
|
Kentucky, Inc. |
|
|
|
|
|
|
| |||||
|
Operating Revenues |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Regulated electric (a) |
|
$ |
220 |
|
$ |
86 |
|
$ |
27 |
|
$ |
— |
|
$ |
333 |
|
|
Nonregulated electric and other |
|
— |
|
— |
|
239 |
|
(11 |
) |
228 |
| |||||
|
Regulated natural gas |
|
141 |
|
45 |
|
— |
|
— |
|
186 |
| |||||
|
Total operating revenues |
|
361 |
|
131 |
|
266 |
|
(11 |
) |
747 |
| |||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fuel used in electric generation and purchased power - regulated |
|
70 |
|
33 |
|
— |
|
— |
|
103 |
| |||||
|
Fuel used in electric generation and purchased power - nonregulated |
|
— |
|
— |
|
251 |
|
(11 |
) |
240 |
| |||||
|
Cost of natural gas sold |
|
54 |
|
22 |
|
— |
|
— |
|
76 |
| |||||
|
Operation, maintenance and other |
|
76 |
|
28 |
|
72 |
|
9 |
|
185 |
| |||||
|
Depreciation and amortization |
|
38 |
|
11 |
|
39 |
|
— |
|
88 |
| |||||
|
Property and other taxes |
|
61 |
|
4 |
|
7 |
|
— |
|
72 |
| |||||
|
Total operating expenses |
|
299 |
|
98 |
|
369 |
|
(2 |
) |
764 |
| |||||
|
Operating Income (Loss) |
|
62 |
|
33 |
|
(103 |
) |
(9 |
) |
(17 |
) | |||||
|
Other Income and Expenses |
|
2 |
|
— |
|
— |
|
— |
|
2 |
| |||||
|
Interest Expense |
|
13 |
|
4 |
|
1 |
|
— |
|
18 |
| |||||
|
Income (Loss) before Income Taxes |
|
51 |
|
29 |
|
(104 |
) |
(9 |
) |
(33 |
) | |||||
|
Income Tax Expense (Benefit) |
|
17 |
|
10 |
|
(37 |
) |
(2 |
) |
(12 |
) | |||||
|
Net Income (Loss) |
|
34 |
|
19 |
|
(67 |
) |
(7 |
) |
(21 |
) | |||||
(a) The amount for Commercial Power is primarily due to stability charge revenues included in Duke Energy Ohio’s current Electric Stability Plan (ESP).