(In millions, except per share amounts) | After-Tax Amount | 2Q 2021 Earnings per Share | 2Q 2020 (Loss) Earnings per Share | |
Earnings (loss) per share, as reported | $ | 0.96 | $ | (1.13) |
Adjustments to reported earnings (loss) per share: | ||||
Second Quarter 2021 | ||||
Gas Pipeline Investments | $ | 12 | 0.01 | |
Workplace and Workforce Realignment | 135 | 0.18 | ||
Second Quarter 2020 | ||||
Gas Pipeline Investments | $ | 1,626 | 2.21 | |
Total adjustments | $ | 0.19 | $ | 2.21 |
EPS, adjusted | $ | 1.15 | $ | 1.08 |
Special Items | ||||||||||
Reported Earnings | Gas Pipeline Investments | Workplace and Workforce Realignment | Total Adjustments | Adjusted Earnings | ||||||
SEGMENT INCOME | ||||||||||
Electric Utilities and Infrastructure | $ | 935 | $ | - | $ | - | $ | - | $ | 935 |
Gas Utilities and Infrastructure | 17 | 12 | A | - | 12 | 29 | ||||
Commercial Renewables | 47 | - | - | - | 47 | |||||
Total Reportable Segment Income | 999 | 12 | - | 12 | 1,011 | |||||
Other | (248) | - | 135 | B | 135 | (113) | ||||
Net Income Available to Duke Energy Corporation Common Stockholders | $ | 751 | $ | 12 | $ | 135 | $ | 147 | $ | 898 |
EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $ | 0.96 | $ | 0.01 | $ | 0.18 | $ | 0.19 | $ | 1.15 |
Special Items | ||||||||||
Reported Earnings | Gas Pipeline Investments | Workplace and Workforce Realignment | Total Adjustments | Adjusted Earnings | ||||||
SEGMENT INCOME | ||||||||||
Electric Utilities and Infrastructure | $ | 1,755 | $ | - | $ | - | $ | - | $ | 1,755 |
Gas Utilities and Infrastructure | 262 | 17 | A | - | 17 | 279 | ||||
Commercial Renewables | 74 | - | - | - | 74 | |||||
Total Reportable Segment Income | 2,091 | 17 | - | 17 | 2,108 | |||||
Other | (387) | - | 135 | B | 135 | (252) | ||||
Net Income Available to Duke Energy Corporation Common Stockholders | $ | 1,704 | $ | 17 | $ | 135 | $ | 152 | $ | 1,856 |
EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $ | 2.21 | $ | 0.02 | $ | 0.18 | $ | 0.20 | $ | 2.41 |
Special Item | ||||||||
Reported Loss | Gas Pipeline Investments | Total Adjustments | Adjusted Earnings | |||||
SEGMENT INCOME (LOSS) | ||||||||
Electric Utilities and Infrastructure | $ | 753 | $ | - | $ | - | $ | 753 |
Gas Utilities and Infrastructure | (1,576) | 1,626 | A | 1,626 | 50 | |||
Commercial Renewables | 90 | - | - | 90 | ||||
Total Reportable Segment (Loss) Income | (733) | 1,626 | 1,626 | 893 | ||||
Other | (84) | - | - | (84) | ||||
Net (Loss) Income Available to Duke Energy Corporation Common Stockholders | $ | (817) | $ | 1,626 | $ | 1,626 | $ | 809 |
(LOSS) EARNINGS PER SHARE AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $ | (1.13) | $ | 2.21 | $ | 2.21 | $ | 1.08 |
Special Items | ||||||||||
Reported Earnings | Gas Pipeline Investments | Severance | Total Adjustments | Adjusted Earnings | ||||||
SEGMENT INCOME (LOSS) | ||||||||||
Electric Utilities and Infrastructure | $ | 1,458 | $ | - | $ | - | $ | - | $ | 1,458 |
Gas Utilities and Infrastructure | (1,327) | 1,626 | A | - | 1,626 | 299 | ||||
Commercial Renewables | 147 | - | - | - | 147 | |||||
Total Reportable Segment Income | 278 | 1,626 | - | 1,626 | 1,904 | |||||
Other | (196) | - | (75) | B | (75) | (271) | ||||
Net Income Available to Duke Energy Corporation Common Stockholders | $ | 82 | $ | 1,626 | $ | (75) | $ | 1,551 | $ | 1,633 |
EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $ | 0.11 | $ | 2.21 | $ | (0.10) | $ | 2.11 | $ | 2.22 |
Three Months Ended June 30, 2021 |
Six Months Ended June 30, 2021 | |||||||
Balance | Effective Tax Rate | Balance | Effective Tax Rate | |||||
Reported Income Before Income Taxes | $ | 734 | $ | 1,759 | ||||
Gas Pipeline Investments | 16 | 22 | ||||||
Workplace and Workforce Realignment | 175 | 175 | ||||||
Noncontrolling Interests | 67 | 118 | ||||||
Preferred Dividends | (14) | (53) | ||||||
Pretax Income Including Noncontrolling Interests and Preferred Dividends and Excluding Special Items | $ | 978 | $ | 2,021 | ||||
Reported Income Tax Expense | $ | 36 | 4.9 | % | $ | 120 | 6.8 | % |
Gas Pipeline Investments | 4 | 5 | ||||||
Workplace and Workforce Realignment | 40 | 40 | ||||||
Tax Expense Including Noncontrolling Interests and Preferred Dividends and Excluding Special Items | $ | 80 | 8.2 | % | $ | 165 | 8.2 | % |
Three Months Ended June 30, 2020 |
Six Months Ended June 30, 2020 | |||||||
Balance | Effective Tax Rate | Balance | Effective Tax Rate | |||||
Reported Loss Before Income Taxes | $ | (1,208) | $ | (181) | ||||
Gas Pipeline Investments | 2,000 | 2,000 | ||||||
Severance | - | (98) | ||||||
Noncontrolling Interests | 90 | 138 | ||||||
Preferred Dividends | (15) | (54) | ||||||
Pretax Income Including Noncontrolling Interests and Preferred Dividends and Excluding Special Items | $ | 867 | $ | 1,805 | ||||
Reported Income Tax Benefit | $ | (316) | 26.2 | % | (179) | 98.9 | % | |
Gas Pipeline Investments | 374 | 374 | ||||||
Severance | - | (23) | ||||||
Tax Expense Including Noncontrolling Interests and Preferred Dividends and Excluding Special Items | $ | 58 | 6.7 | % | $ | 172 | 9.5 | % |
(Dollars per share) | Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Consolidated | |||||
2020 QTD Reported Earnings Per Share | $ | 1.02 | $ | (2.14) | $ | 0.13 | $ | (0.14) | $ | (1.13) |
Gas Pipeline Investments | - | 2.21 | - | - | 2.21 | |||||
2020 QTD Adjusted Earnings Per Share | $ | 1.02 | $ | 0.07 | $ | 0.13 | $ | (0.14) | $ | 1.08 |
Weather | 0.01 | - | - | - | 0.01 | |||||
Volume | 0.08 | - | - | - | 0.08 | |||||
Riders and Other Retail Margin(a)
| 0.04 | 0.01 | - | - | 0.05 | |||||
Rate case impacts, net(b)
| 0.13 | 0.01 | - | - | 0.14 | |||||
Wholesale(c)
| 0.05 | - | - | - | 0.05 | |||||
Operations and maintenance, net of recoverables(d)
| (0.07) | - | - | - | (0.07) | |||||
Midstream Gas Pipelines(e)
| - | (0.03) | - | - | (0.03) | |||||
Duke Energy Renewables(f)
| - | - | (0.06) | - | (0.06) | |||||
Interest Expense | - | - | - | 0.01 | 0.01 | |||||
Depreciation and amortization(g)
| 0.03 | (0.01) | - | - | 0.02 | |||||
Other(h)
| (0.03) | (0.01) | - | (0.05) | (0.09) | |||||
Total variance before share count | $ | 0.24 | $ | (0.03) | $ | (0.06) | $ | (0.04) | $ | 0.11 |
Change in share count | (0.04) | - | (0.01) | 0.01 | (0.04) | |||||
2021 QTD Adjusted Earnings Per Share | $ | 1.22 | $ | 0.04 | $ | 0.06 | $ | (0.17) | $ | 1.15 |
Workplace and Workforce Realignment | - | - | - | (0.18) | (0.18) | |||||
Gas Pipeline Investments | - | (0.01) | - | - | (0.01) | |||||
2021 QTD Reported Earnings Per Share | $ | 1.22 | $ | 0.03 | $ | 0.06 | $ | (0.35) | $ | 0.96 |
Note: Earnings Per Share amounts are calculated using the consolidated statutory income tax rate for all drivers except Commercial Renewables, which uses an effective rate. Weighted average shares outstanding increased from 735 million shares to 769 million.
| ||||||||||
(Dollars per share) | Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Consolidated | |||||
2020 YTD Reported Earnings Per Share | $ | 1.98 | $ | (1.80) | $ | 0.21 | $ | (0.28) | $ | 0.11 |
Gas Pipeline Investments | - | 2.21 | - | - | 2.21 | |||||
Severance | - | - | - | (0.10) | (0.10) | |||||
2020 YTD Adjusted Earnings Per Share | $ | 1.98 | $ | 0.41 | $ | 0.21 | $ | (0.38) | $ | 2.22 |
Weather | 0.10 | - | - | - | 0.10 | |||||
Volume | 0.07 | - | - | - | 0.07 | |||||
Riders and Other Retail Margin(a)
| 0.05 | 0.03 | - | - | 0.08 | |||||
Rate case impacts, net(b)
| 0.23 | 0.02 | - | - | 0.25 | |||||
Wholesale(c)
| 0.03 | - | - | - | 0.03 | |||||
Operations and maintenance, net of recoverables(d)
| (0.04) | 0.01 | - | - | (0.03) | |||||
Midstream Gas Pipelines(e)
| - | (0.07) | - | - | (0.07) | |||||
Duke Energy Renewables(f)
| - | - | (0.10) | - | (0.10) | |||||
Interest Expense | 0.01 | - | - | 0.03 | 0.04 | |||||
Depreciation and amortization(g)
| (0.01) | (0.01) | - | - | (0.02) | |||||
Other(h)
| (0.05) | (0.01) | - | - | (0.06) | |||||
Total variance before share count | $ | 0.39 | $ | (0.03) | $ | (0.10) | $ | 0.03 | $ | 0.29 |
Change in share count | (0.09) | (0.02) | (0.01) | 0.02 | (0.10) | |||||
2021 YTD Adjusted Earnings Per Share | $ | 2.28 | $ | 0.36 | $ | 0.10 | $ | (0.33) | $ | 2.41 |
Workplace and Workforce Realignment | - | - | - | (0.18) | (0.18) | |||||
Gas Pipeline Investments | - | (0.02) | - | - | (0.02) | |||||
2021 YTD Reported Earnings Per Share | $ | 2.28 | $ | 0.34 | $ | 0.10 | $ | (0.51) | $ | 2.21 |
Note: Earnings Per Share amounts are calculated using the consolidated statutory income tax rate for all drivers except for Commercial Renewables, which uses an effective rate. Weighted average shares outstanding increased from 734 million shares to 769 million. | ||||||||||
DUKE ENERGY CORPORATION | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
(Unaudited) | ||||||||
(In millions, except per share amounts) | ||||||||
Three Months Ended | Six Months Ended | |||||||
June 30, | June 30, | |||||||
2021 | 2020 | 2021 | 2020 | |||||
Operating Revenues | ||||||||
Regulated electric | $ | 5,258 | $ | 4,963 | $ | 10,477 | $ | 10,087 |
Regulated natural gas | 302 | 263 | 1,051 | 901 | ||||
Nonregulated electric and other | 198 | 195 | 380 | 382 | ||||
Total operating revenues | 5,758 | 5,421 | 11,908 | 11,370 | ||||
Operating Expenses | ||||||||
Fuel used in electric generation and purchased power | 1,415 | 1,349 | 2,858 | 2,796 | ||||
Cost of natural gas | 79 | 59 | 355 | 258 | ||||
Operation, maintenance and other | 1,410 | 1,353 | 2,812 | 2,692 | ||||
Depreciation and amortization | 1,207 | 1,150 | 2,433 | 2,280 | ||||
Property and other taxes | 349 | 334 | 702 | 679 | ||||
Impairment of assets and other charges | 131 | 6 | 131 | 8 | ||||
Total operating expenses | 4,591 | 4,251 | 9,291 | 8,713 | ||||
Gains on Sales of Other Assets and Other, net | 2 | 7 | 2 | 8 | ||||
Operating Income | 1,169 | 1,177 | 2,619 | 2,665 | ||||
Other Income and Expenses | ||||||||
Equity in earnings (losses) of unconsolidated affiliates | 9 | (1,968) | (8) | (1,924) | ||||
Other income and expenses, net | 128 | 137 | 255 | 183 | ||||
Total other income and expenses | 137 | (1,831) | 247 | (1,741) | ||||
Interest Expense | 572 | 554 | 1,107 | 1,105 | ||||
Income (Loss) Before Income Taxes | 734 | (1,208) | 1,759 | (181) | ||||
Income Tax Expense (Benefit) | 36 | (316) | 120 | (179) | ||||
Net Income (Loss) | 698 | (892) | 1,639 | (2) | ||||
Add: Net Loss Attributable to Noncontrolling Interests | 67 | 90 | 118 | 138 | ||||
Net Income (Loss) Attributable to Duke Energy Corporation | 765 | (802) | 1,757 | 136 | ||||
Less: Preferred Dividends | 14 | 15 | 53 | 54 | ||||
Net Income (Loss) Available to Duke Energy Corporation Common Stockholders | $ | 751 | $ | (817) | $ | 1,704 | $ | 82 |
Earnings (Loss) Per Share - Basic and Diluted | ||||||||
Net income (loss) available to Duke Energy Corporation common stockholders | ||||||||
Basic and Diluted | $ | 0.96 | $ | (1.13) | $ | 2.21 | $ | 0.11 |
Weighted average shares outstanding | ||||||||
Basic | 769 | 735 | 769 | 734 | ||||
Diluted | 769 | 735 | 769 | 735 | ||||
(In millions) | June 30, 2021 | December 31, 2020 | ||
ASSETS | ||||
Current Assets | ||||
Cash and cash equivalents | $ | 367 | $ | 259 |
Receivables (net of allowance for doubtful accounts of $45 at 2021 and $29 at 2020) | 868 | 1,009 | ||
Receivables of VIEs (net of allowance for doubtful accounts of $78 at 2021 and $117 at 2020) | 2,220 | 2,144 | ||
Inventory | 3,015 | 3,167 | ||
Regulatory assets (includes $54 at 2021 and $53 at 2020 related to VIEs) | 1,793 | 1,641 | ||
Other (includes $356 at 2021 and $296 at 2020 related to VIEs) | 722 | 462 | ||
Total current assets | 8,985 | 8,682 | ||
Property, Plant and Equipment | ||||
Cost | 158,272 | 155,580 | ||
Accumulated depreciation and amortization | (49,752) | (48,827) | ||
Facilities to be retired, net | 121 | 29 | ||
Net property, plant and equipment | 108,641 | 106,782 | ||
Other Noncurrent Assets | ||||
Goodwill | 19,303 | 19,303 | ||
Regulatory assets (includes $914 at 2021 and $937 at 2020 related to VIEs) | 12,485 | 12,421 | ||
Nuclear decommissioning trust funds | 9,886 | 9,114 | ||
Operating lease right-of-use assets, net | 1,495 | 1,524 | ||
Investments in equity method unconsolidated affiliates | 938 | 961 | ||
Other (includes $89 at 2021 and $81 at 2020 related to VIEs) | 3,652 | 3,601 | ||
Total other noncurrent assets | 47,759 | 46,924 | ||
Total Assets | $ | 165,385 | $ | 162,388 |
LIABILITIES AND EQUITY | ||||
Current Liabilities | ||||
Accounts payable | $ | 2,716 | $ | 3,144 |
Notes payable and commercial paper | 3,296 | 2,873 | ||
Taxes accrued | 692 | 482 | ||
Interest accrued | 537 | 537 | ||
Current maturities of long-term debt (includes $219 at 2021 and $472 at 2020 related to VIEs) | 4,976 | 4,238 | ||
Asset retirement obligations | 691 | 718 | ||
Regulatory liabilities | 1,309 | 1,377 | ||
Other | 1,994 | 2,936 | ||
Total current liabilities | 16,211 | 16,305 | ||
Long-Term Debt (includes $3,796 at 2021 and $3,535 at 2020 related to VIEs) | 57,410 | 55,625 | ||
Other Noncurrent Liabilities | ||||
Deferred income taxes | 9,644 | 9,244 | ||
Asset retirement obligations | 12,272 | 12,286 | ||
Regulatory liabilities | 15,414 | 15,029 | ||
Operating lease liabilities | 1,315 | 1,340 | ||
Accrued pension and other post-retirement benefit costs | 995 | 969 | ||
Investment tax credits | 770 | 687 | ||
Other (includes $352 at 2021 and $316 at 2020 related to VIEs) | 1,809 | 1,719 | ||
Total other noncurrent liabilities | 42,219 | 41,274 | ||
Commitments and Contingencies | ||||
Equity | ||||
Preferred stock, Series A, $0.001 par value, 40 million depositary shares authorized and outstanding at 2021 and 2020
| 973 | 973 | ||
Preferred stock, Series B, $0.001 par value, 1 million shares authorized and outstanding at 2021 and 2020
| 989 | 989 | ||
Common Stock, $0.001 par value, 2 billion shares authorized; 769 million shares outstanding at 2021 and 2020 | 1 | 1 | ||
Additional paid-in capital | 43,788 | 43,767 | ||
Retained earnings | 2,687 | 2,471 | ||
Accumulated other comprehensive loss | (306) | (237) | ||
Total Duke Energy Corporation stockholders' equity | 48,132 | 47,964 | ||
Noncontrolling interests | 1,413 | 1,220 | ||
Total equity | 49,545 | 49,184 | ||
Total Liabilities and Equity | $ | 165,385 | $ | 162,388 |
DUKE ENERGY CORPORATION | ||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
(Unaudited) | ||||
(In millions) | ||||
Six Months Ended June 30, | ||||
2021 | 2020 | |||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net Income | $ | 1,639 | $ | (2) |
Adjustments to reconcile net income to net cash provided by operating activities
| 2,234 | 3,359 | ||
Net cash provided by operating activities | 3,873 | 3,357 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Net cash used in investing activities | (5,614) | (5,471) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Net cash provided by financing activities | 1,750 | 2,182 | ||
Net increase in cash, cash equivalents and restricted cash | 9 | 68 | ||
Cash, cash equivalents and restricted cash at beginning of period | 556 | 573 | ||
Cash, cash equivalents and restricted cash at end of period | $ | 565 | $ | 641 |
Three Months Ended June 30, 2021 | ||||||||||||
(In millions) |
Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Eliminations/Adjustments | Duke Energy | ||||||
Operating Revenues | ||||||||||||
Regulated electric | $ | 5,335 | $ | - | $ | - | $ | - | $ | (77) | $ | 5,258 |
Regulated natural gas | - | 324 | - | - | (22) | 302 | ||||||
Nonregulated electric and other | - | 3 | 119 | 27 | 49 | 198 | ||||||
Total operating revenues | 5,335 | 327 | 119 | 27 | (50) | 5,758 | ||||||
Operating Expenses | ||||||||||||
Fuel used in electric generation and purchased power | 1,434 | - | - | - | (19) | 1,415 | ||||||
Cost of natural gas | - | 79 | - | - | - | 79 | ||||||
Operation, maintenance and other | 1,262 | 98 | 78 | 1 | (29) | 1,410 | ||||||
Depreciation and amortization | 1,013 | 74 | 56 | 71 | (7) | 1,207 | ||||||
Property and other taxes | 308 | 27 | 9 | 5 | - | 349 | ||||||
Impairment of assets and other charges | 1 | - | - | 131 | (1) | 131 | ||||||
Total operating expenses | 4,018 | 278 | 143 | 208 | (56) | 4,591 | ||||||
Gains on Sales of Other Assets and Other, net | 2 | - | - | - | - | 2 | ||||||
Operating Income (Loss) | 1,319 | 49 | (24) | (181) | 6 | 1,169 | ||||||
Other Income and Expenses | ||||||||||||
Equity in earnings (losses) of unconsolidated affiliates | 2 | (8) | (1) | 16 | - | 9 | ||||||
Other income and expenses, net | 95 | 18 | 4 | 16 | (5) | 128 | ||||||
Total Other Income and Expenses | 97 | 10 | 3 | 32 | (5) | 137 | ||||||
Interest Expense | 361 | 35 | 20 | 156 | - | 572 | ||||||
Income (Loss) Before Income Taxes | 1,055 | 24 | (41) | (305) | 1 | 734 | ||||||
Income Tax Expense (Benefit) | 120 | 7 | (21) | (71) | 1 | 36 | ||||||
Net Income (Loss) | 935 | 17 | (20) | (234) | - | 698 | ||||||
Add: Net Loss Attributable to Noncontrolling Interest | - | - | 67 | - | - | 67 | ||||||
Net Income (Loss) Attributable to Duke Energy Corporation | 935 | 17 | 47 | (234) | - | 765 | ||||||
Less: Preferred Dividends | - | - | - | 14 | - | 14 | ||||||
Segment Income / Other Net Loss / Net Income Available to Duke Energy Corporation Common Stockholders | $ | 935 | $ | 17 | $ | 47 | $ | (248) | $ | - | $ | 751 |
Special Items | - | 12 | - | 135 | - | 147 | ||||||
Adjusted Earnings(a)
| $ | 935 | $ | 29 | $ | 47 | $ | (113) | $ | - | $ | 898 |
Six Months Ended June 30, 2021 | ||||||||||||
(In millions) |
Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Eliminations/Adjustments | Duke Energy | ||||||
Operating Revenues | ||||||||||||
Regulated electric | $ | 10,616 | $ | - | $ | - | $ | - | $ | (139) | $ | 10,477 |
Regulated natural gas | - | 1,096 | - | - | (45) | 1,051 | ||||||
Nonregulated electric and other | - | 6 | 238 | 53 | 83 | 380 | ||||||
Total operating revenues | 10,616 | 1,102 | 238 | 53 | (101) | 11,908 | ||||||
Operating Expenses | ||||||||||||
Fuel used in electric generation and purchased power | 2,896 | - | - | - | (38) | 2,858 | ||||||
Cost of natural gas | - | 355 | - | - | - | 355 | ||||||
Operation, maintenance and other | 2,544 | 200 | 150 | (23) | (59) | 2,812 | ||||||
Depreciation and amortization | 2,070 | 142 | 109 | 126 | (14) | 2,433 | ||||||
Property and other taxes | 619 | 62 | 18 | 2 | 1 | 702 | ||||||
Impairment of assets and other charges | 1 | - | - | 131 | (1) | 131 | ||||||
Total operating expenses | 8,130 | 759 | 277 | 236 | (111) | 9,291 | ||||||
Gains on Sales of Other Assets and Other, net | 2 | - | - | - | - | 2 | ||||||
Operating Income (Loss) | 2,488 | 343 | (39) | (183) | 10 | 2,619 | ||||||
Other Income and Expenses | ||||||||||||
Equity in earnings (losses) of unconsolidated affiliates | 5 | (8) | (28) | 23 | - | (8) | ||||||
Other income and expenses, net | 196 | 35 | 6 | 30 | (12) | 255 | ||||||
Total Other Income and Expenses | 201 | 27 | (22) | 53 | (12) | 247 | ||||||
Interest Expense | 701 | 68 | 33 | 307 | (2) | 1,107 | ||||||
Income (Loss) Before Income Taxes | 1,988 | 302 | (94) | (437) | - | 1,759 | ||||||
Income Tax Expense (Benefit) | 233 | 40 | (50) | (103) | - | 120 | ||||||
Net Income (Loss) | 1,755 | 262 | (44) | (334) | - | 1,639 | ||||||
Add: Net Loss Attributable to Noncontrolling Interest | - | - | 118 | - | - | 118 | ||||||
Net Income (Loss) Attributable to Duke Energy Corporation | 1,755 | 262 | 74 | (334) | - | 1,757 | ||||||
Less: Preferred Dividends | - | - | - | 53 | - | 53 | ||||||
Segment Income / Other Net Loss / Net Income Available to Duke Energy Corporation Common Stockholders | $ | 1,755 | $ | 262 | $ | 74 | $ | (387) | $ | - | $ | 1,704 |
Special Item | - | 17 | - | 135 | - | 152 | ||||||
Adjusted Earnings(a)
| $ | 1,755 | $ | 279 | $ | 74 | $ | (252) | $ | - | $ | 1,856 |
Three Months Ended June 30, 2020 | ||||||||||||
(In millions) |
Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Eliminations/Adjustments | Duke Energy | ||||||
Operating Revenues | ||||||||||||
Regulated electric | $ | 5,034 | $ | - | $ | - | $ | - | $ | (71) | $ | 4,963 |
Regulated natural gas | - | 287 | - | - | (24) | 263 | ||||||
Nonregulated electric and other | - | 2 | 123 | 26 | 44 | 195 | ||||||
Total operating revenues | 5,034 | 289 | 123 | 26 | (51) | 5,421 | ||||||
Operating Expenses | ||||||||||||
Fuel used in electric generation and purchased power | 1,367 | - | - | - | (18) | 1,349 | ||||||
Cost of natural gas | - | 60 | - | - | (1) | 59 | ||||||
Operation, maintenance and other | 1,240 | 99 | 63 | (22) | (27) | 1,353 | ||||||
Depreciation and amortization | 993 | 62 | 48 | 55 | (8) | 1,150 | ||||||
Property and other taxes | 296 | 26 | 8 | 4 | - | 334 | ||||||
Impairment of assets and other charges | 1 | - | 6 | - | (1) | 6 | ||||||
Total operating expenses | 3,897 | 247 | 125 | 37 | (55) | 4,251 | ||||||
Gains on Sales of Other Assets and Other, net | 7 | - | - | - | - | 7 | ||||||
Operating Income (Loss) | 1,144 | 42 | (2) | (11) | 4 | 1,177 | ||||||
Other Income and Expenses | ||||||||||||
Equity in earnings (losses) of unconsolidated affiliates | 3 | (1,970) | - | (1) | - | (1,968) | ||||||
Other income and expenses, net | 86 | 14 | 2 | 46 | (11) | 137 | ||||||
Total Other Income and Expenses | 89 | (1,956) | 2 | 45 | (11) | (1,831) | ||||||
Interest Expense | 344 | 37 | 13 | 167 | (7) | 554 | ||||||
Income (Loss) Before Income Taxes | 889 | (1,951) | (13) | (133) | - | (1,208) | ||||||
Income Tax Expense (Benefit) | 136 | (375) | (13) | (64) | - | (316) | ||||||
Net Income (Loss) | 753 | (1,576) | - | (69) | - | (892) | ||||||
Add: Net Loss Attributable to Noncontrolling Interest | - | - | 90 | - | - | 90 | ||||||
Net Income (Loss) Attributable to Duke Energy Corporation | 753 | (1,576) | 90 | (69) | - | (802) | ||||||
Less: Preferred Dividends | - | - | - | 15 | - | 15 | ||||||
Segment Income (Loss) / Net Income Available to Duke Energy Corporation Common Stockholders | $ | 753 | $ | (1,576) | $ | 90 | $ | (84) | $ | - | $ | (817) |
Special Item | - | 1,626 | - | - | - | 1,626 | ||||||
Adjusted Earnings(a)
| $ | 753 | $ | 50 | $ | 90 | $ | (84) | $ | - | $ | 809 |
Six Months Ended June 30, 2020 | ||||||||||||
(In millions) |
Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure | Commercial Renewables | Other | Eliminations/Adjustments | Duke Energy | ||||||
Operating Revenues | ||||||||||||
Regulated electric | $ | 10,217 | $ | - | $ | 1 | $ | - | $ | (131) | $ | 10,087 |
Regulated natural gas | - | 948 | - | - | (47) | 901 | ||||||
Nonregulated electric and other | - | 5 | 251 | 49 | 77 | 382 | ||||||
Total operating revenues | 10,217 | 953 | 252 | 49 | (101) | 11,370 | ||||||
Operating Expenses | ||||||||||||
Fuel used in electric generation and purchased power | 2,834 | - | - | - | (38) | 2,796 | ||||||
Cost of natural gas | - | 259 | - | - | (1) | 258 | ||||||
Operation, maintenance and other | 2,565 | 209 | 132 | (160) | (54) | 2,692 | ||||||
Depreciation and amortization | 1,970 | 128 | 96 | 100 | (14) | 2,280 | ||||||
Property and other taxes | 599 | 56 | 16 | 8 | - | 679 | ||||||
Impairment of assets and other charges | 3 | - | 6 | - | (1) | 8 | ||||||
Total operating expenses | 7,971 | 652 | 250 | (52) | (108) | 8,713 | ||||||
Gains on Sales of Other Assets and Other, net | 8 | - | - | - | - | 8 | ||||||
Operating Income | 2,254 | 301 | 2 | 101 | 7 | 2,665 | ||||||
Other Income and Expenses | ||||||||||||
Equity in earnings (losses) of unconsolidated affiliates | 5 | (1,933) | (2) | 6 | - | (1,924) | ||||||
Other income and expenses, net | 169 | 26 | 3 | 6 | (21) | 183 | ||||||
Total Other Income and Expenses | 174 | (1,907) | 1 | 12 | (21) | (1,741) | ||||||
Interest Expense | 683 | 68 | 31 | 338 | (15) | 1,105 | ||||||
Income (Loss) Before Income Taxes | 1,745 | (1,674) | (28) | (225) | 1 | (181) | ||||||
Income Tax Expense (Benefit) | 287 | (347) | (37) | (83) | 1 | (179) | ||||||
Net Income (Loss) | 1,458 | (1,327) | 9 | (142) | - | (2) | ||||||
Add: Net Loss Attributable to Noncontrolling Interest | - | - | 138 | - | - | 138 | ||||||
Net Income (Loss) Attributable to Duke Energy Corporation | 1,458 | (1,327) | 147 | (142) | - | 136 | ||||||
Less: Preferred Dividends | - | - | - | 54 | - | 54 | ||||||
Segment Income (Loss) / Net Income Available to Duke Energy Corporation Common Stockholders | $ | 1,458 | $ | (1,327) | $ | 147 | $ | (196) | $ | - | $ | 82 |
Special Items | - | 1,626 | - | (75) | - | 1,551 | ||||||
Adjusted Earnings(a)
| $ | 1,458 | $ | 299 | $ | 147 | $ | (271) | $ | - | $ | 1,633 |
June 30, 2021 | ||||||||||||
(In millions) | Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure |
Commercial Renewables | Other |
Eliminations/ Adjustments | Duke Energy | ||||||
Current Assets | ||||||||||||
Cash and cash equivalents | $ | 125 | $ | 19 | $ | 11 | $ | 212 | $ | - | $ | 367 |
Receivables, net | 546 | 115 | 199 | 8 | - | 868 | ||||||
Receivables of variable interest entities, net | 2,220 | - | - | - | - | 2,220 | ||||||
Receivables from affiliated companies | 137 | 339 | 655 | 1,360 | (2,491) | - | ||||||
Notes receivable from affiliated companies | 7 | - | - | 1,624 | (1,631) | - | ||||||
Inventory | 2,817 | 61 | 89 | 48 | - | 3,015 | ||||||
Regulatory assets | 1,568 | 127 | - | 97 | 1 | 1,793 | ||||||
Other | 327 | 62 | 234 | 140 | (41) | 722 | ||||||
Total current assets | 7,747 | 723 | 1,188 | 3,489 | (4,162) | 8,985 | ||||||
Property, Plant and Equipment | ||||||||||||
Cost | 135,612 | 13,338 | 7,037 | 2,384 | (99) | 158,272 | ||||||
Accumulated depreciation and amortization | (44,363) | (2,658) | (1,329) | (1,404) | 2 | (49,752) | ||||||
Facilities to be retired, net | 121 | - | - | - | - | 121 | ||||||
Net property, plant and equipment | 91,370 | 10,680 | 5,708 | 980 | (97) | 108,641 | ||||||
Other Noncurrent Assets | ||||||||||||
Goodwill | 17,379 | 1,924 | - | - | - | 19,303 | ||||||
Regulatory assets | 11,220 | 759 | - | 506 | - | 12,485 | ||||||
Nuclear decommissioning trust funds | 9,886 | - | - | - | - | 9,886 | ||||||
Operating lease right-of-use assets, net | 1,093 | 18 | 123 | 260 | 1 | 1,495 | ||||||
Investments in equity method unconsolidated affiliates | 106 | 227 | 479 | 126 | - | 938 | ||||||
Investment in consolidated subsidiaries | 599 | 3 | (4) | 65,946 | (66,544) | - | ||||||
Other | 2,084 | 310 | 114 | 1,772 | (628) | 3,652 | ||||||
Total other noncurrent assets | 42,367 | 3,241 | 712 | 68,610 | (67,171) | 47,759 | ||||||
Total Assets | 141,484 | 14,644 | 7,608 | 73,079 | (71,430) | 165,385 | ||||||
Segment reclassifications, intercompany balances and other | (893) | (323) | (652) | (69,555) | 71,423 | - | ||||||
Segment Assets | $ | 140,591 | $ | 14,321 | $ | 6,956 | $ | 3,524 | $ | (7) | $ | 165,385 |
June 30, 2021 | ||||||||||||
(In millions) | Electric Utilities and Infrastructure |
Gas Utilities and Infrastructure |
Commercial Renewables | Other |
Eliminations/ Adjustments | Duke Energy | ||||||
Current Liabilities | ||||||||||||
Accounts payable | $ | 2,003 | $ | 204 | $ | 102 | $ | 407 | $ | - | $ | 2,716 |
Accounts payable to affiliated companies | 609 | 25 | 828 | 946 | (2,408) | - | ||||||
Notes payable to affiliated companies | 1,365 | 225 | 50 | 5 | (1,645) | - | ||||||
Notes payable and commercial paper | - | - | 83 | 3,213 | - | 3,296 | ||||||
Taxes accrued | 667 | (3) | (161) | 189 | - | 692 | ||||||
Interest accrued | 357 | 44 | 3 | 132 | 1 | 537 | ||||||
Current maturities of long-term debt | 2,985 | 26 | 164 | 1,804 | (3) | 4,976 | ||||||
Asset retirement obligations | 691 | - | - | - | - | 691 | ||||||
Regulatory liabilities | 1,226 | 83 | - | 1 | (1) | 1,309 | ||||||
Other | 1,415 | 118 | 105 | 467 | (111) | 1,994 | ||||||
Total current liabilities | 11,318 | 722 | 1,174 | 7,164 | (4,167) | 16,211 | ||||||
Long-Term Debt | 34,242 | 3,645 | 1,497 | 18,119 | (93) | 57,410 | ||||||
Long-Term Debt Payable to Affiliated Companies | 618 | 7 | - | - | (625) | - | ||||||
Other Noncurrent Liabilities | ||||||||||||
Deferred income taxes | 10,767 | 1,177 | (589) | (1,711) | - | 9,644 | ||||||
Asset retirement obligations | 12,051 | 64 | 157 | - | - | 12,272 | ||||||
Regulatory liabilities | 13,975 | 1,417 | - | 22 | - | 15,414 | ||||||
Operating lease liabilities | 1,002 | 16 | 127 | 169 | 1 | 1,315 | ||||||
Accrued pension and other post-retirement benefit costs | 443 | 34 | (28) | 546 | - | 995 | ||||||
Investment tax credits | 768 | 2 | - | - | - | 770 | ||||||
Other | 788 | 284 | 380 | 547 | (190) | 1,809 | ||||||
Total other noncurrent liabilities | 39,794 | 2,994 | 47 | (427) | (189) | 42,219 | ||||||
Equity | ||||||||||||
Total Duke Energy Corporation stockholders' equity | 55,512 | 7,276 | 3,480 | 48,220 | (66,356) | 48,132 | ||||||
Noncontrolling interests | - | - | 1,410 | 3 | - | 1,413 | ||||||
Total equity | 55,512 | 7,276 | 4,890 | 48,223 | (66,356) | 49,545 | ||||||
Total Liabilities and Equity | 141,484 | 14,644 | 7,608 | 73,079 | (71,430) | 165,385 | ||||||
Segment reclassifications, intercompany balances and other | (893) | (323) | (652) | (69,555) | 71,423 | - | ||||||
Segment Liabilities and Equity | $ | 140,591 | $ | 14,321 | $ | 6,956 | $ | 3,524 | $ | (7) | $ | 165,385 |
Three Months Ended June 30, 2021 | ||||||||||||||
(In millions) |
Duke Energy Carolinas |
Duke Energy Progress |
Duke Energy Florida |
Duke
Energy
Ohio(a)
|
Duke Energy Indiana |
Eliminations/ Other | Electric Utilities and Infrastructure | |||||||
Operating Revenues | $ | 1,610 | $ | 1,349 | $ | 1,325 | $ | 343 | $ | 735 | $ | (27) | $ | 5,335 |
Operating Expenses | ||||||||||||||
Fuel used in electric generation and purchased power | 344 | 409 | 424 | 93 | 201 | (37) | 1,434 | |||||||
Operation, maintenance and other | 413 | 353 | 243 | 81 | 187 | (15) | 1,262 | |||||||
Depreciation and amortization | 363 | 236 | 205 | 53 | 152 | 4 | 1,013 | |||||||
Property and other taxes | 74 | 41 | 92 | 70 | 20 | 11 | 308 | |||||||
Impairment of assets and other charges | 1 | - | - | - | - | - | 1 | |||||||
Total operating expenses | 1,195 | 1,039 | 964 | 297 | 560 | (37) | 4,018 | |||||||
Gains (Losses) on Sales of Other Assets and Other, net | 2 | 1 | - | - | (1) | - | 2 | |||||||
Operating Income | 417 | 311 | 361 | 46 | 174 | 10 | 1,319 | |||||||
Other Income and Expenses, net(b)
| 46 | 22 | 16 | 3 | 11 | (1) | 97 | |||||||
Interest Expense | 139 | 78 | 80 | 21 | 49 | (6) | 361 | |||||||
Income Before Income Taxes | 324 | 255 | 297 | 28 | 136 | 15 | 1,055 | |||||||
Income Tax Expense | 23 | 14 | 58 | 4 | 23 | (2) | 120 | |||||||
Segment Income | $ | 301 | $ | 241 | $ | 239 | $ | 24 | $ | 113 | $ | 17 | $ | 935 |
Six Months Ended June 30, 2021 | ||||||||||||||
(In millions) |
Duke Energy Carolinas |
Duke Energy Progress |
Duke Energy Florida |
Duke
Energy
Ohio(a)
|
Duke Energy Indiana |
Eliminations/ Other | Electric Utilities and Infrastructure | |||||||
Operating Revenues | $ | 3,326 | $ | 2,750 | $ | 2,426 | $ | 706 | $ | 1,480 | $ | (72) | $ | 10,616 |
Operating Expenses | ||||||||||||||
Fuel used in electric generation and purchased power | 766 | 845 | 783 | 175 | 418 | (91) | 2,896 | |||||||
Operation, maintenance and other | 845 | 705 | 481 | 162 | 363 | (12) | 2,544 | |||||||
Depreciation and amortization | 722 | 521 | 405 | 107 | 304 | 11 | 2,070 | |||||||
Property and other taxes | 157 | 90 | 185 | 141 | 41 | 5 | 619 | |||||||
Impairment of assets and other charges | 1 | - | - | - | - | - | 1 | |||||||
Total operating expenses | 2,491 | 2,161 | 1,854 | 585 | 1,126 | (87) | 8,130 | |||||||
Gains (Losses) on Sales of Other Assets and Other, net | 2 | 1 | - | - | (1) | - | 2 | |||||||
Operating Income | 837 | 590 | 572 | 121 | 353 | 15 | 2,488 | |||||||
Other Income and Expenses, net(b)
| 94 | 46 | 34 | 7 | 20 | - | 201 | |||||||
Interest Expense | 263 | 147 | 160 | 43 | 99 | (11) | 701 | |||||||
Income Before Income Taxes | 668 | 489 | 446 | 85 | 274 | 26 | 1,988 | |||||||
Income Tax Expense | 48 | 35 | 88 | 11 | 47 | 4 | 233 | |||||||
Segment Income
| $ | 620 | $ | 454 | $ | 358 | $ | 74 | $ | 227 | $ | 22 | $ | 1,755 |
June 30, 2021 | ||||||||||||||
(In millions) |
Duke Energy Carolinas |
Duke Energy Progress |
Duke Energy Florida |
Duke
Energy
Ohio(a)
|
Duke Energy Indiana |
Eliminations/
Adjustments(b)
| Electric Utilities and Infrastructure | |||||||
Current Assets | ||||||||||||||
Cash and cash equivalents | $ | 36 | $ | 46 | $ | 22 | $ | 9 | $ | 12 | $ | - | $ | 125 |
Receivables, net | 180 | 129 | 91 | 87 | 69 | (10) | 546 | |||||||
Receivables of variable interest entities, net | 769 | 473 | 451 | - | - | 527 | 2,220 | |||||||
Receivables from affiliated companies | 111 | 63 | 8 | 94 | 95 | (234) | 137 | |||||||
Notes receivable from affiliated companies | - | - | - | - | 18 | (11) | 7 | |||||||
Inventory | 1,013 | 858 | 440 | 93 | 412 | 1 | 2,817 | |||||||
Regulatory assets | 458 | 502 | 407 | 25 | 173 | 3 | 1,568 | |||||||
Other | 88 | 141 | 59 | (5) | 46 | (2) | 327 | |||||||
Total current assets | 2,655 | 2,212 | 1,478 | 303 | 825 | 274 | 7,747 | |||||||
Property, Plant and Equipment | ||||||||||||||
Cost | 51,220 | 36,291 | 22,933 | 7,569 | 17,213 | 386 | 135,612 | |||||||
Accumulated depreciation and amortization | (17,709) | (13,134) | (5,746) | (2,249) | (5,514) | (11) | (44,363) | |||||||
Facilities to be retired, net | 93 | 28 | - | - | - | - | 121 | |||||||
Net property, plant and equipment | 33,604 | 23,185 | 17,187 | 5,320 | 11,699 | 375 | 91,370 | |||||||
Other Noncurrent Assets | ||||||||||||||
Goodwill | - | - | - | 596 | - | 16,783 | 17,379 | |||||||
Regulatory assets | 2,970 | 4,056 | 1,701 | 348 | 1,310 | 835 | 11,220 | |||||||
Nuclear decommissioning trust funds | 5,446 | 3,842 | 598 | - | - | - | 9,886 | |||||||
Operating lease right-of-use assets, net | 100 | 377 | 323 | 20 | 53 | 220 | 1,093 | |||||||
Investments in equity method unconsolidated affiliates | - | - | 1 | - | - | 105 | 106 | |||||||
Investment in consolidated subsidiaries | 64 | 16 | 6 | 273 | 2 | 238 | 599 | |||||||
Other | 1,237 | 722 | 340 | 61 | 268 | (544) | 2,084 | |||||||
Total other noncurrent assets | 9,817 | 9,013 | 2,969 | 1,298 | 1,633 | 17,637 | 42,367 | |||||||
Total Assets | 46,076 | 34,410 | 21,634 | 6,921 | 14,157 | 18,286 | 141,484 | |||||||
Segment reclassifications, intercompany balances and other | (285) | (125) | (116) | (276) | (63) | (28) | (893) | |||||||
Reportable Segment Assets | $ | 45,791 | $ | 34,285 | $ | 21,518 | $ | 6,645 | $ | 14,094 | $ | 18,258 | $ | 140,591 |
June 30, 2021 | ||||||||||||||
(In millions) |
Duke Energy Carolinas |
Duke Energy Progress |
Duke Energy Florida |
Duke
Energy
Ohio(a)
|
Duke Energy Indiana |
Eliminations/ Adjustments(b) | Electric Utilities and Infrastructure | |||||||
Current Liabilities | ||||||||||||||
Accounts payable | $ | 675 | $ | 416 | $ | 487 | $ | 215 | $ | 209 | $ | 1 | $ | 2,003 |
Accounts payable to affiliated companies | 195 | 214 | 129 | 11 | 59 | 1 | 609 | |||||||
Notes payable to affiliated companies | 471 | 270 | 363 | 258 | - | 3 | 1,365 | |||||||
Taxes accrued | 208 | 91 | 147 | 163 | 66 | (8) | 667 | |||||||
Interest accrued | 125 | 90 | 67 | 23 | 52 | - | 357 | |||||||
Current maturities of long-term debt | 356 | 1,806 | 575 | 24 | 123 | 101 | 2,985 | |||||||
Asset retirement obligations | 251 | 250 | - | 12 | 176 | 2 | 691 | |||||||
Regulatory liabilities | 489 | 472 | 85 | 38 | 141 | 1 | 1,226 | |||||||
Other | 425 | 413 | 395 | 66 | 103 | 13 | 1,415 | |||||||
Total current liabilities | 3,195 | 4,022 | 2,248 | 810 | 929 | 114 | 11,318 | |||||||
Long-Term Debt | 12,250 | 7,321 | 7,306 | 2,447 | 3,819 | 1,099 | 34,242 | |||||||
Long-Term Debt Payable to Affiliated Companies | 300 | 150 | - | 18 | 150 | - | 618 | |||||||
Other Noncurrent Liabilities | ||||||||||||||
Deferred income taxes | 3,996 | 2,467 | 2,289 | 721 | 1,262 | 32 | 10,767 | |||||||
Asset retirement obligations | 5,116 | 5,387 | 467 | 56 | 980 | 45 | 12,051 | |||||||
Regulatory liabilities | 6,810 | 4,578 | 665 | 345 | 1,593 | (16) | 13,975 | |||||||
Operating lease liabilities | 87 | 354 | 280 | 19 | 52 | 210 | 1,002 | |||||||
Accrued pension and other post-retirement benefit costs | 67 | 237 | 227 | 85 | 172 | (345) | 443 | |||||||
Investment tax credits | 259 | 130 | 208 | 3 | 168 | - | 768 | |||||||
Other | 604 | 79 | 53 | 59 | 32 | (39) | 788 | |||||||
Total other noncurrent liabilities | 16,939 | 13,232 | 4,189 | 1,288 | 4,259 | (113) | 39,794 | |||||||
Equity | 13,392 | 9,685 | 7,891 | 2,358 | 5,000 | 17,186 | 55,512 | |||||||
Total Liabilities and Equity | 46,076 | 34,410 | 21,634 | 6,921 | 14,157 | 18,286 | 141,484 | |||||||
Segment reclassifications, intercompany balances and other | (285) | (125) | (116) | (276) | (63) | (28) | (893) | |||||||
Reportable Segment Liabilities and Equity | $ | 45,791 | $ | 34,285 | $ | 21,518 | $ | 6,645 | $ | 14,094 | $ | 18,258 | $ | 140,591 |
Three Months Ended June 30, 2021 | ||||||||||
(In millions) |
Duke
Energy Ohio(a) |
Piedmont Natural Gas LDC
|
Midstream Pipelines and Storage(b)
|
Eliminations/ Adjustments |
Gas Utilities and Infrastructure | |||||
Operating Revenues | $ | 113 | $ | 215 | $ | - | $ | (1) | $ | 327 |
Operating Expenses | ||||||||||
Cost of natural gas | 16 | 63 | - | - | 79 | |||||
Operation, maintenance and other | 25 | 72 | 2 | (1) | 98 | |||||
Depreciation and amortization | 22 | 51 | - | 1 | 74 | |||||
Property and other taxes | 13 | 14 | - | - | 27 | |||||
Total operating expenses | 76 | 200 | 2 | - | 278 | |||||
Operating Income (Loss) | 37 | 15 | (2) | (1) | 49 | |||||
Other Income and Expenses | ||||||||||
Equity in losses of unconsolidated affiliates | - | - | (7) | (1) | (8) | |||||
Other income and expenses, net | 1 | 16 | - | 1 | 18 | |||||
Total other income and expenses | 1 | 16 | (7) | - | 10 | |||||
Interest Expense | 5 | 30 | - | - | 35 | |||||
Income (Loss) Before Income Taxes | 33 | 1 | (9) | (1) | 24 | |||||
Income Tax Expense (Benefit) | 10 | (1) | (2) | - | 7 | |||||
Segment Income (Loss) | $ | 23 | $ | 2 | $ | (7) | $ | (1) | $ | 17 |
Six Months Ended June 30, 2021 | ||||||||||
(In millions) |
Duke Energy Ohio(a) |
Piedmont Natural Gas LDC
|
Midstream Pipelines and Storage(b)
|
Eliminations/ Adjustments |
Gas Utilities and Infrastructure(b)
| |||||
Operating Revenues | $ | 282 | $ | 821 | $ | - | $ | (1) | $ | 1,102 |
Operating Expenses | ||||||||||
Cost of natural gas | 67 | 288 | - | - | 355 | |||||
Operation, maintenance and other | 50 | 149 | 2 | (1) | 200 | |||||
Depreciation and amortization | 42 | 99 | - | 1 | 142 | |||||
Property and other taxes | 34 | 28 | - | - | 62 | |||||
Total operating expenses | 193 | 564 | 2 | - | 759 | |||||
Operating Income (Loss) | 89 | 257 | (2) | (1) | 343 | |||||
Other Income and Expenses | ||||||||||
Equity in losses of unconsolidated affiliates | - | - | (7) | (1) | (8) | |||||
Other income and expenses, net | 3 | 31 | - | 1 | 35 | |||||
Total other income and expenses | 3 | 31 | (7) | - | 27 | |||||
Interest Expense | 9 | 59 | - | - | 68 | |||||
Income (Loss) Before Income Taxes | 83 | 229 | (9) | (1) | 302 | |||||
Income Tax Expense (Benefit) | 17 | 25 | (2) | - | 40 | |||||
Segment Income (Loss) | $ | 66 | $ | 204 | $ | (7) | $ | (1) | $ | 262 |
June 30, 2021 | ||||||||||
(In millions) |
Duke
Energy
Ohio(a)
| Piedmont Natural Gas LDC | Midstream Pipelines and Storage |
Eliminations/ Adjustments(b) |
Gas Utilities and Infrastructure | |||||
Current Assets | ||||||||||
Cash and cash equivalents | $ | 3 | $ | - | $ | 16 | $ | - | $ | 19 |
Receivables, net | 9 | 106 | - | - | 115 | |||||
Receivables from affiliated companies | - | 80 | 354 | (95) | 339 | |||||
Inventory | 19 | 43 | - | (1) | 61 | |||||
Regulatory assets | 19 | 108 | - | - | 127 | |||||
Other | 14 | 47 | 1 | - | 62 | |||||
Total current assets | 64 | 384 | 371 | (96) | 723 | |||||
Property, Plant and Equipment | ||||||||||
Cost | 3,783 | 9,555 | - | - | 13,338 | |||||
Accumulated depreciation and amortization | (820) | (1,838) | - | - | (2,658) | |||||
Net property, plant and equipment | 2,963 | 7,717 | - | - | 10,680 | |||||
Other Noncurrent Assets | ||||||||||
Goodwill | 324 | 49 | - | 1,551 | 1,924 | |||||
Regulatory assets | 300 | 337 | - | 122 | 759 | |||||
Operating lease right-of-use assets, net | - | 18 | - | - | 18 | |||||
Investments in equity method unconsolidated affiliates | - | - | 222 | 5 | 227 | |||||
Investment in consolidated subsidiaries | - | - | - | 3 | 3 | |||||
Other | 16 | 277 | 16 | 1 | 310 | |||||
Total other noncurrent assets | 640 | 681 | 238 | 1,682 | 3,241 | |||||
Total Assets | 3,667 | 8,782 | 609 | 1,586 | 14,644 | |||||
Segment reclassifications, intercompany balances and other | 1 | (45) | 5 | (284) | (323) | |||||
Reportable Segment Assets | $ | 3,668 | $ | 8,737 | $ | 614 | $ | 1,302 | $ | 14,321 |
June 30, 2021 | ||||||||||
(In millions) |
Duke
Energy
Ohio(a)
| Piedmont Natural Gas LDC | Midstream Pipelines and Storage |
Eliminations/
Adjustments(b)
|
Gas Utilities and Infrastructure | |||||
Current Liabilities | ||||||||||
Accounts payable | $ | 39 | $ | 165 | $ | - | $ | - | $ | 204 |
Accounts payable to affiliated companies | 17 | 48 | 61 | (101) | 25 | |||||
Notes payable to affiliated companies | 132 | 93 | - | - | 225 | |||||
Taxes accrued | 17 | 25 | (46) | 1 | (3) | |||||
Interest accrued | 8 | 36 | - | - | 44 | |||||
Current maturities of long-term debt | 26 | - | - | - | 26 | |||||
Regulatory liabilities | 26 | 57 | - | - | 83 | |||||
Other | 5 | 81 | 34 | (2) | 118 | |||||
Total current liabilities | 270 | 505 | 49 | (102) | 722 | |||||
Long-Term Debt | 569 | 2,967 | - | 109 | 3,645 | |||||
Long-Term Debt Payable to Affiliated Companies | 7 | - | - | - | 7 | |||||
Other Noncurrent Liabilities | ||||||||||
Deferred income taxes | 300 | 846 | 29 | 2 | 1,177 | |||||
Asset retirement obligations | 43 | 20 | - | 1 | 64 | |||||
Regulatory liabilities | 396 | 1,007 | - | 14 | 1,417 | |||||
Operating lease liabilities | - | 16 | - | - | 16 | |||||
Accrued pension and other post-retirement benefit costs | 28 | 6 | - | - | 34 | |||||
Investment tax credits | 1 | 1 | - | - | 2 | |||||
Other | 35 | 182 | 69 | (2) | 284 | |||||
Total other noncurrent liabilities | 803 | 2,078 | 98 | 15 | 2,994 | |||||
Equity | 2,018 | 3,232 | 462 | 1,564 | 7,276 | |||||
Total Liabilities and Equity | 3,667 | 8,782 | 609 | 1,586 | 14,644 | |||||
Segment reclassifications, intercompany balances and other | 1 | (45) | 5 | (284) | (323) | |||||
Reportable Segment Liabilities and Equity | $ | 3,668 | $ | 8,737 | $ | 614 | $ | 1,302 | $ | 14,321 |
Electric Utilities and Infrastructure | ||||||||||||
Quarterly Highlights | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
Gigawatt-hour (GWh) Sales(a)
| ||||||||||||
Residential | 18,742 | 18,786 | (0.2 | %) | (0.6 | %) | 42,511 | 39,660 | 7.2 | % | 1.1 | % |
General Service | 17,657 | 16,468 | 7.2 | % | 11.7 | % | 34,965 | 34,150 | 2.4 | % | 3.1 | % |
Industrial | 11,931 | 10,938 | 9.1 | % | 11.8 | % | 23,700 | 22,921 | 3.4 | % | 4.6 | % |
Other Energy Sales | 134 | 147 | (8.8 | %) | n/a | 273 | 291 | (6.2 | %) | n/a | ||
Unbilled Sales | 2,343 | 1,537 | 52.4 | % | n/a | 261 | 952 | (72.6 | %) | n/a | ||
Total Retail Sales
| 50,807 | 47,876 | 6.1 | % | 6.5 | % | 101,710 | 97,974 | 3.8 | % | 2.6 | % |
Wholesale and Other | 9,652 | 8,849 | 9.1 | % | 19,532 | 17,703 | 10.3 | % | ||||
Total Consolidated Electric Sales - Electric Utilities and Infrastructure
| 60,459 | 56,725 | 6.6 | % | 121,242 | 115,677 | 4.8 | % | ||||
Average Number of Customers (Electric) | ||||||||||||
Residential | 6,953,886 | 6,849,673 | 1.5 | % | 6,942,781 | 6,830,659 | 1.6 | % | ||||
General Service | 1,014,717 | 1,000,295 | 1.4 | % | 1,024,217 | 998,542 | 2.6 | % | ||||
Industrial | 17,176 | 17,299 | (0.7 | %) | 17,048 | 17,306 | (1.5 | %) | ||||
Other Energy Sales | 30,675 | 31,041 | (1.2 | %) | 26,237 | 30,985 | (15.3 | %) | ||||
Total Retail Customers
| 8,016,454 | 7,898,308 | 1.5 | % | 8,010,283 | 7,877,492 | 1.7 | % | ||||
Wholesale and Other | 38 | 38 | - | % | 39 | 43 | (9.3 | %) | ||||
Total Average Number of Customers - Electric Utilities and Infrastructure
| 8,016,492 | 7,898,346 | 1.5 | % | 8,010,322 | 7,877,535 | 1.7 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 11,028 | 8,804 | 25.3 | % | 24,099 | 15,956 | 51.0 | % | ||||
Nuclear | 18,513 | 18,234 | 1.5 | % | 37,485 | 37,038 | 1.2 | % | ||||
Hydro | 663 | 883 | (24.9 | %) | 1,626 | 1,904 | (14.6 | %) | ||||
Natural Gas and Oil | 18,343 | 17,574 | 4.4 | % | 35,927 | 37,161 | (3.3 | %) | ||||
Renewable Energy | 469 | 345 | 35.9 | % | 770 | 560 | 37.5 | % | ||||
Total Generation(d)
| 49,016 | 45,840 | 6.9 | % | 99,907 | 92,619 | 7.9 | % | ||||
Purchased Power and Net Interchange(e)
| 18,745 | 13,647 | 37.4 | % | 32,435 | 28,810 | 12.6 | % | ||||
Total Sources of Energy | 67,761 | 59,487 | 13.9 | % | 132,342 | 121,429 | 9.0 | % | ||||
Less: Line Loss and Other | 7,302 | 2,762 | 164.4 | % | 11,100 | 5,752 | 93.0 | % | ||||
Total GWh Sources | 60,459 | 56,725 | 6.6 | % | 121,242 | 115,677 | 4.8 | % | ||||
Owned Megawatt (MW) Capacity(c)
| ||||||||||||
Summer | 50,137 | 50,752 | ||||||||||
Winter | 53,545 | 54,265 | ||||||||||
Nuclear Capacity Factor (%)(f)
| 96 | 94 | ||||||||||
Duke Energy Carolinas | ||||||||||||
Quarterly Highlights | ||||||||||||
Supplemental Electric Utilities and Infrastructure Information | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
GWh Sales(a)
| ||||||||||||
Residential | 6,069 | 5,861 | 3.5 | % | 14,423 | 13,222 | 9.1 | % | ||||
General Service | 6,542 | 6,239 | 4.9 | % | 13,112 | 13,054 | 0.4 | % | ||||
Industrial | 4,734 | 4,464 | 6.0 | % | 9,492 | 9,339 | 1.6 | % | ||||
Other Energy Sales | 71 | 82 | (13.4 | %) | 146 | 161 | (9.3 | %) | ||||
Unbilled Sales | 622 | 473 | 31.5 | % | 267 | 398 | (32.9 | %) | ||||
Total Retail Sales
| 18,038 | 17,119 | 5.4 | % | 6.1 | % | 37,440 | 36,174 | 3.5 | % | 2.1 | % |
Wholesale and Other | 2,324 | 1,964 | 18.3 | % | 4,884 | 4,145 | 17.8 | % | ||||
Total Consolidated Electric Sales - Duke Energy Carolinas
| 20,362 | 19,083 | 6.7 | % | 42,324 | 40,319 | 5.0 | % | ||||
Average Number of Customers | ||||||||||||
Residential | 2,333,701 | 2,298,766 | 1.5 | % | 2,330,698 | 2,291,939 | 1.7 | % | ||||
General Service | 371,039 | 365,797 | 1.4 | % | 382,056 | 364,936 | 4.7 | % | ||||
Industrial | 6,070 | 6,099 | (0.5 | %) | 5,936 | 6,106 | (2.8 | %) | ||||
Other Energy Sales | 22,453 | 22,874 | (1.8 | %) | 18,018 | 22,830 | (21.1 | %) | ||||
Total Retail Customers
| 2,733,263 | 2,693,536 | 1.5 | % | 2,736,708 | 2,685,811 | 1.9 | % | ||||
Wholesale and Other | 19 | 15 | 26.7 | % | 19 | 20 | (5.0 | %) | ||||
Total Average Number of Customers - Duke Energy Carolinas
| 2,733,282 | 2,693,551 | 1.5 | % | 2,736,727 | 2,685,831 | 1.9 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 4,000 | 3,188 | 25.5 | % | 8,118 | 5,647 | 43.8 | % | ||||
Nuclear | 11,692 | 10,657 | 9.7 | % | 23,343 | 22,179 | 5.2 | % | ||||
Hydro | 393 | 617 | (36.3 | %) | 1,012 | 1,360 | (25.6 | %) | ||||
Natural Gas and Oil | 3,923 | 3,395 | 15.6 | % | 8,419 | 8,263 | 1.9 | % | ||||
Renewable Energy | 88 | 41 | 114.6 | % | 155 | 85 | 82.4 | % | ||||
Total Generation(d)
| 20,096 | 17,898 | 12.3 | % | 41,047 | 37,534 | 9.4 | % | ||||
Purchased Power and Net Interchange(e)
| 1,851 | 2,283 | (18.9 | %) | 4,010 | 4,698 | (14.6 | %) | ||||
Total Sources of Energy | 21,947 | 20,181 | 8.8 | % | 45,057 | 42,232 | 6.7 | % | ||||
Less: Line Loss and Other | 1,585 | 1,098 | 44.4 | % | 2,733 | 1,913 | 42.9 | % | ||||
Total GWh Sources | 20,362 | 19,083 | 6.7 | % | 42,324 | 40,319 | 5.0 | % | ||||
Owned MW Capacity(c)
| ||||||||||||
Summer | 20,001 | 20,192 | ||||||||||
Winter | 20,877 | 21,127 | ||||||||||
Nuclear Capacity Factor (%)(f)
| 98 | 94 | ||||||||||
Heating and Cooling Degree Days | ||||||||||||
Actual | ||||||||||||
Heating Degree Days | 225 | 308 | (26.9 | %) | 1,908 | 1,698 | 12.4 | % | ||||
Cooling Degree Days | 466 | 412 | 13.1 | % | 471 | 447 | 5.4 | % | ||||
Variance from Normal | ||||||||||||
Heating Degree Days | 8.0 | % | 43.1 | % | (0.9 | %) | (12.7 | %) | ||||
Cooling Degree Days | (7.5 | %) | (17.5 | %) | (7.8 | %) | (11.7 | %) | ||||
Duke Energy Progress | ||||||||||||
Quarterly Highlights | ||||||||||||
Supplemental Electric Utilities and Infrastructure Information | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
GWh Sales(a)
| ||||||||||||
Residential | 3,796 | 3,660 | 3.7 | % | 9,277 | 8,278 | 12.1 | % | ||||
General Service | 3,448 | 3,147 | 9.6 | % | 6,889 | 6,618 | 4.1 | % | ||||
Industrial | 2,471 | 2,370 | 4.3 | % | 4,923 | 4,867 | 1.2 | % | ||||
Other Energy Sales | 20 | 20 | - | % | 39 | 39 | - | % | ||||
Unbilled Sales | 801 | 424 | 88.9 | % | 210 | 69 | 204.3 | % | ||||
Total Retail Sales
| 10,536 | 9,621 | 9.5 | % | 7.4 | % | 21,338 | 19,871 | 7.4 | % | 3.3 | % |
Wholesale and Other | 5,263 | 5,186 | 1.5 | % | 10,998 | 10,606 | 3.7 | % | ||||
Total Consolidated Electric Sales - Duke Energy Progress
| 15,799 | 14,807 | 6.7 | % | 32,336 | 30,477 | 6.1 | % | ||||
Average Number of Customers | ||||||||||||
Residential | 1,398,081 | 1,371,674 | 1.9 | % | 1,394,593 | 1,367,017 | 2.0 | % | ||||
General Service | 243,417 | 238,549 | 2.0 | % | 242,444 | 238,013 | 1.9 | % | ||||
Industrial | 3,993 | 4,002 | (0.2 | %) | 3,995 | 4,002 | (0.2 | %) | ||||
Other Energy Sales | 1,415 | 1,415 | - | % | 1,415 | 1,416 | (0.1 | %) | ||||
Total Retail Customers
| 1,646,906 | 1,615,640 | 1.9 | % | 1,642,447 | 1,610,448 | 2.0 | % | ||||
Wholesale and Other | 8 | 9 | (11.1 | %) | 8 | 9 | (11.1 | %) | ||||
Total Average Number of Customers - Duke Energy Progress
| 1,646,914 | 1,615,649 | 1.9 | % | 1,642,455 | 1,610,457 | 2.0 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 663 | 825 | (19.6 | %) | 2,870 | 1,440 | 99.3 | % | ||||
Nuclear | 6,821 | 7,577 | (10.0 | %) | 14,142 | 14,859 | (4.8 | %) | ||||
Hydro | 189 | 223 | (15.2 | %) | 469 | 464 | 1.1 | % | ||||
Natural Gas and Oil | 5,476 | 4,189 | 30.7 | % | 10,908 | 10,080 | 8.2 | % | ||||
Renewable Energy | 78 | 73 | 6.8 | % | 127 | 125 | 1.6 | % | ||||
Total Generation(d)
| 13,227 | 12,887 | 2.6 | % | 28,516 | 26,968 | 5.7 | % | ||||
Purchased Power and Net Interchange(e)
| 2,932 | 2,386 | 22.9 | % | 4,743 | 4,485 | 5.8 | % | ||||
Total Sources of Energy | 16,159 | 15,273 | 5.8 | % | 33,259 | 31,453 | 5.7 | % | ||||
Less: Line Loss and Other | 360 | 466 | (22.7 | %) | 923 | 976 | (5.4 | %) | ||||
Total GWh Sources | 15,799 | 14,807 | 6.7 | % | 32,336 | 30,477 | 6.1 | % | ||||
Owned MW Capacity(c)
| ||||||||||||
Summer | 12,468 | 12,526 | ||||||||||
Winter | 13,609 | 13,587 | ||||||||||
Nuclear Capacity Factor (%)(f)
| 91 | 95 | ||||||||||
Heating and Cooling Degree Days | ||||||||||||
Actual | ||||||||||||
Heating Degree Days | 199 | 224 | (11.2 | %) | 1,747 | 1,410 | 23.9 | % | ||||
Cooling Degree Days | 545 | 461 | 18.2 | % | 559 | 513 | 9.0 | % | ||||
Variance from Normal | ||||||||||||
Heating Degree Days | 13.5 | % | 23.4 | % | (0.8 | %) | (20.8 | %) | ||||
Cooling Degree Days | (1.9 | %) | (16.1 | %) | (1.3 | %) | (8.5 | %) | ||||
Duke Energy Florida | ||||||||||||
Quarterly Highlights | ||||||||||||
Supplemental Electric Utilities and Infrastructure Information | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
GWh Sales(a)
| ||||||||||||
Residential | 5,203 | 5,434 | (4.3 | %) | 9,691 | 9,494 | 2.1 | % | ||||
General Service | 3,739 | 3,467 | 7.8 | % | 6,955 | 6,752 | 3.0 | % | ||||
Industrial | 852 | 756 | 12.7 | % | 1,664 | 1,525 | 9.1 | % | ||||
Other Energy Sales | 5 | 5 | - | % | 11 | 11 | - | % | ||||
Unbilled Sales | 525 | 361 | 45.4 | % | 123 | 544 | (77.4 | %) | ||||
Total Retail Sales
| 10,324 | 10,023 | 3.0 | % | 5.5 | % | 18,444 | 18,326 | 0.6 | % | 3.1 | % |
Wholesale and Other | 870 | 777 | 12.0 | % | 1,304 | 1,091 | 19.5 | % | ||||
Total Electric Sales - Duke Energy Florida
| 11,194 | 10,800 | 3.6 | % | 19,748 | 19,417 | 1.7 | % | ||||
Average Number of Customers | ||||||||||||
Residential | 1,683,964 | 1,650,539 | 2.0 | % | 1,679,603 | 1,646,440 | 2.0 | % | ||||
General Service | 207,432 | 204,353 | 1.5 | % | 207,111 | 204,269 | 1.4 | % | ||||
Industrial | 1,946 | 2,000 | (2.7 | %) | 1,949 | 2,005 | (2.8 | %) | ||||
Other Energy Sales | 1,486 | 1,494 | (0.5 | %) | 1,487 | 1,493 | (0.4 | %) | ||||
Total Retail Customers
| 1,894,828 | 1,858,386 | 2.0 | % | 1,890,150 | 1,854,207 | 1.9 | % | ||||
Wholesale and Other | 6 | 9 | (33.3 | %) | 7 | 9 | (22.2 | %) | ||||
Total Average Number of Customers - Duke Energy Florida
| 1,894,834 | 1,858,395 | 2.0 | % | 1,890,157 | 1,854,216 | 1.9 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 1,879 | 764 | 145.9 | % | 2,915 | 799 | 264.8 | % | ||||
Natural Gas and Oil | 8,203 | 9,028 | (9.1 | %) | 15,379 | 17,294 | (11.1 | %) | ||||
Renewable Energy | 295 | 222 | 32.9 | % | 479 | 336 | 42.6 | % | ||||
Total Generation(d)
| 10,377 | 10,014 | 3.6 | % | 18,773 | 18,429 | 1.9 | % | ||||
Purchased Power and Net Interchange(e)
| 1,227 | 1,170 | 4.9 | % | 2,064 | 2,071 | (0.3 | %) | ||||
Total Sources of Energy | 11,604 | 11,184 | 3.8 | % | 20,837 | 20,500 | 1.6 | % | ||||
Less: Line Loss and Other | 410 | 384 | 6.8 | % | 1,089 | 1,083 | 0.6 | % | ||||
Total GWh Sources | 11,194 | 10,800 | 3.6 | % | 19,748 | 19,417 | 1.7 | % | ||||
Owned MW Capacity(c)
| ||||||||||||
Summer | 10,246 | 10,335 | ||||||||||
Winter | 11,114 | 11,347 | ||||||||||
Heating and Cooling Degree Days | ||||||||||||
Actual | ||||||||||||
Heating Degree Days | 15 | - | - | % | 310 | 220 | 40.9 | % | ||||
Cooling Degree Days | 1,092 | 1,190 | (8.2 | %) | 1,360 | 1,660 | (18.1 | %) | ||||
Variance from Normal | ||||||||||||
Heating Degree Days | 68.5 | % | (100.0 | %) | (18.2 | %) | (10.8 | %) | ||||
Cooling Degree Days | 4.0 | % | 11.8 | % | 9.6 | % | 31.5 | % | ||||
Duke Energy Ohio | ||||||||||||
Quarterly Highlights | ||||||||||||
Supplemental Electric Utilities and Infrastructure Information | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
GWh Sales(a)
| ||||||||||||
Residential | 1,829 | 1,896 | (3.5 | %) | 4,416 | 4,186 | 5.5 | % | ||||
General Service | 2,111 | 1,937 | 9.0 | % | 4,283 | 4,135 | 3.6 | % | ||||
Industrial | 1,366 | 1,210 | 12.9 | % | 2,701 | 2,575 | 4.9 | % | ||||
Other Energy Sales | 26 | 27 | (3.7 | %) | 52 | 54 | (3.7 | %) | ||||
Unbilled Sales | 206 | 168 | 22.6 | % | (115) | 16 | (818.8 | %) | ||||
Total Retail Sales
| 5,538 | 5,238 | 5.7 | % | 5.7 | % | 11,337 | 10,966 | 3.4 | % | 1.5 | % |
Wholesale and Other | 200 | 24 | 733.3 | % | 405 | 119 | 240.3 | % | ||||
Total Electric Sales - Duke Energy Ohio
| 5,738 | 5,262 | 9.0 | % | 11,742 | 11,085 | 5.9 | % | ||||
Average Number of Customers | ||||||||||||
Residential | 785,909 | 783,871 | 0.3 | % | 785,948 | 781,762 | 0.5 | % | ||||
General Service | 89,881 | 89,138 | 0.8 | % | 89,767 | 89,004 | 0.9 | % | ||||
Industrial | 2,480 | 2,498 | (0.7 | %) | 2,479 | 2,494 | (0.6 | %) | ||||
Other Energy Sales | 3,461 | 3,445 | 0.5 | % | 3,459 | 3,438 | 0.6 | % | ||||
Total Retail Customers
| 881,731 | 878,952 | 0.3 | % | 881,653 | 876,698 | 0.6 | % | ||||
Wholesale and Other | 1 | 1 | - | % | 1 | 1 | - | % | ||||
Total Average Number of Customers - Duke Energy Ohio
| 881,732 | 878,953 | 0.3 | % | 881,654 | 876,699 | 0.6 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 872 | 271 | 221.8 | % | 1,838 | 893 | 105.8 | % | ||||
Natural Gas and Oil | 26 | 8 | 225.0 | % | 28 | 7 | 300.0 | % | ||||
Total Generation(d)
| 898 | 279 | 221.9 | % | 1,866 | 900 | 107.3 | % | ||||
Purchased Power and Net Interchange(e)
| 5,402 | 5,420 | (0.3 | %) | 11,183 | 11,294 | (1.0 | %) | ||||
Total Sources of Energy | 6,300 | 5,699 | 10.5 | % | 13,049 | 12,194 | 7.0 | % | ||||
Less: Line Loss and Other | 562 | 437 | 28.6 | % | 1,307 | 1,109 | 17.9 | % | ||||
Total GWh Sources | 5,738 | 5,262 | 9.0 | % | 11,742 | 11,085 | 5.9 | % | ||||
Owned MW Capacity(c)
| ||||||||||||
Summer | 1,076 | 1,076 | ||||||||||
Winter | 1,164 | 1,164 | ||||||||||
Heating and Cooling Degree Days | ||||||||||||
Actual | ||||||||||||
Heating Degree Days | 514 | 590 | (12.9 | %) | 3,014 | 2,776 | 8.6 | % | ||||
Cooling Degree Days | 360 | 347 | 3.7 | % | 360 | 352 | 2.3 | % | ||||
Variance from Normal | ||||||||||||
Heating Degree Days | 16.4 | % | 31.0 | % | 0.5 | % | (8.2 | %) | ||||
Cooling Degree Days | 8.1 | % | 4.8 | % | 7.1 | % | 5.2 | % | ||||
Duke Energy Indiana | ||||||||||||
Quarterly Highlights | ||||||||||||
Supplemental Electric Utilities and Infrastructure Information | ||||||||||||
June 2021 | ||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||
2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| 2021 | 2020 |
% Inc.(Dec.) |
% Inc. (Dec.)
Weather
Normal(b)
| |||||
GWh Sales(a)
| ||||||||||||
Residential | 1,845 | 1,935 | (4.7 | %) | 4,704 | 4,480 | 5.0 | % | ||||
General Service | 1,817 | 1,678 | 8.3 | % | 3,726 | 3,591 | 3.8 | % | ||||
Industrial | 2,508 | 2,138 | 17.3 | % | 4,920 | 4,615 | 6.6 | % | ||||
Other Energy Sales | 12 | 13 | (7.7 | %) | 25 | 26 | (3.8 | %) | ||||
Unbilled Sales | 189 | 111 | 70.3 | % | (224) | (75) | (198.7 | %) | ||||
Total Retail Sales
| 6,371 | 5,875 | 8.4 | % | 8.8 | % | 13,151 | 12,637 | 4.1 | % | 3.2 | % |
Wholesale and Other | 995 | 898 | 10.8 | % | 1,941 | 1,742 | 11.4 | % | ||||
Total Electric Sales - Duke Energy Indiana
| 7,366 | 6,773 | 8.8 | % | 15,092 | 14,379 | 5.0 | % | ||||
Average Number of Customers | ||||||||||||
Residential | 752,231 | 744,823 | 1.0 | % | 751,939 | 743,501 | 1.1 | % | ||||
General Service | 102,948 | 102,458 | 0.5 | % | 102,839 | 102,320 | 0.5 | % | ||||
Industrial | 2,687 | 2,700 | (0.5 | %) | 2,689 | 2,699 | (0.4 | %) | ||||
Other Energy Sales | 1,860 | 1,813 | 2.6 | % | 1,858 | 1,808 | 2.8 | % | ||||
Total Retail Customers
| 859,726 | 851,794 | 0.9 | % | 859,325 | 850,328 | 1.1 | % | ||||
Wholesale and Other | 4 | 4 | - | % | 4 | 4 | - | % | ||||
Total Average Number of Customers - Duke Energy Indiana
| 859,730 | 851,798 | 0.9 | % | 859,329 | 850,332 | 1.1 | % | ||||
Sources of Electric Energy (GWh) | ||||||||||||
Generated - Net Output(c)
| ||||||||||||
Coal | 3,614 | 3,756 | (3.8 | %) | 8,358 | 7,177 | 16.5 | % | ||||
Hydro | 81 | 43 | 88.4 | % | 145 | 80 | 81.3 | % | ||||
Natural Gas and Oil | 715 | 954 | (25.1 | %) | 1,193 | 1,517 | (21.4 | %) | ||||
Renewable Energy | 8 | 9 | (11.1 | %) | 9 | 14 | (35.7 | %) | ||||
Total Generation(d)
| 4,418 | 4,762 | (7.2 | %) | 9,705 | 8,788 | 10.4 | % | ||||
Purchased Power and Net Interchange(e)
| 7,333 | 2,388 | 207.1 | % | 10,435 | 6,262 | 66.6 | % | ||||
Total Sources of Energy | 11,751 | 7,150 | 64.3 | % | 20,140 | 15,050 | 33.8 | % | ||||
Less: Line Loss and Other | 4,385 | 377 | 1,063.1 | % | 5,048 | 671 | 652.3 | % | ||||
Total GWh Sources | 7,366 | 6,773 | 8.8 | % | 15,092 | 14,379 | 5.0 | % | ||||
Owned MW Capacity(c)
| ||||||||||||
Summer | 6,346 | 6,623 | ||||||||||
Winter | 6,781 | 7,040 | ||||||||||
Heating and Cooling Degree Days | ||||||||||||
Actual | ||||||||||||
Heating Degree Days | 556 | 633 | (12.2 | %) | 3,261 | 3,090 | 5.5 | % | ||||
Cooling Degree Days | 355 | 343 | 3.5 | % | 355 | 343 | 3.5 | % | ||||
Variance from Normal | ||||||||||||
Heating Degree Days | 13.4 | % | 28.1 | % | 0.7 | % | (4.7 | %) | ||||
Cooling Degree Days | 6.0 | % | 4.2 | % | 5.1 | % | 3.2 | % | ||||
Gas Utilities and Infrastructure | ||||||||
Quarterly Highlights | ||||||||
June 2021 | ||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||
2021 | 2020 |
% Inc. (Dec.) | 2021 | 2020 |
% Inc. (Dec.) | |||
Total Sales | ||||||||
Piedmont Natural Gas Local Distribution Company (LDC) throughput (dekatherms)(a)
| 106,034,615 | 96,807,940 | 9.5 | % | 255,661,197 | 245,311,935 | 4.2 | % |
Duke Energy Midwest LDC throughput (Mcf) | 14,842,906 | 15,106,405 | (1.7 | %) | 51,951,909 | 48,892,191 | 6.3 | % |
Average Number of Customers - Piedmont Natural Gas | ||||||||
Residential | 1,024,921 | 1,001,289 | 2.4 | % | 1,023,389 | 999,778 | 2.4 | % |
Commercial | 105,602 | 105,038 | 0.5 | % | 105,829 | 105,249 | 0.6 | % |
Industrial | 959 | 970 | (1.1 | %) | 962 | 972 | (1.0 | %) |
Power Generation | 19 | 19 | - | % | 19 | 18 | 5.6 | % |
Total Average Number of Gas Customers - Piedmont Natural Gas
| 1,131,501 | 1,107,316 | 2.2 | % | 1,130,199 | 1,106,017 | 2.2 | % |
Average Number of Customers - Duke Energy Midwest | ||||||||
Residential | 499,877 | 495,553 | 0.9 | % | 500,569 | 495,990 | 0.9 | % |
General Service | 43,473 | 43,251 | 0.5 | % | 44,051 | 44,191 | (0.3 | %) |
Industrial | 1,564 | 1,570 | (0.4 | %) | 1,587 | 1,596 | (0.6 | %) |
Other | 130 | 132 | (1.5 | %) | 130 | 132 | (1.5 | %) |
Total Average Number of Gas Customers - Duke Energy Midwest
| 545,044 | 540,506 | 0.8 | % | 546,337 | 541,909 | 0.8 | % |
Commercial Renewables | ||||||||
Quarterly Highlights | ||||||||
June 2021 | ||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||
2021 | 2020 | % Inc. (Dec.) | 2021 | 2020 | % Inc. (Dec.) | |||
Renewable Plant Production, GWh | 2,787 | 2,660 | 4.8 | % | 5,375 | 5,097 | 5.5 | % |
Net Proportional MW Capacity in Operation(a)
| n/a | n/a | 4,474 | 3,779 | 18.4 | % |
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Duke Energy Corporation published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 10:55:43 UTC.