v3.25.2
Organization and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash The following table presents the components of cash, cash equivalents and restricted cash included in the Condensed Consolidated Balance Sheets.
June 30, 2025December 31, 2024
DukeDukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyDukeEnergyProgressEnergyEnergy
EnergyCarolinasEnergyProgressFlorida
Energy
CarolinasEnergyProgressFlorida
Current Assets
Cash and cash equivalents$344 $7 $58 $24 $16 $314 $6 $73 $24 $33 
Other75 9 66 37 28 84 9 76 40 35 
Other Noncurrent Assets
Other23 1 11 5 7 20 1 11 5 7 
Total cash, cash equivalents and restricted cash$442 $17 $135 $66 $51 $418 $16 $160 $69 $75 
Schedule of Utility Inventory The components of inventory are presented in the tables below.
 June 30, 2025
DukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions) EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Materials and supplies $3,403 $1,139 $1,660 $1,059 $601 $148 $406 $13 
Coal738 339 235 158 76 22 142 — 
Natural gas, oil and other fuel293 46 195 106 90 11 2 38 
Total inventory $4,434 $1,524 $2,090 $1,323 $767 $181 $550 $51 
 December 31, 2024
DukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions) EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Materials and supplies $3,387 $1,150 $1,649 $1,074 $576 $149 $389 $11 
Coal801 341 241 164 77 23 196 — 
Natural gas, oil and other fuel321 45 196 103 92 11 1 67 
Total inventory $4,509 $1,536 $2,086 $1,341 $745 $183 $586 $78 
Schedule of Accounts Payable Finance Program
The following table presents the amounts included within Accounts payable on the Condensed Consolidated Balance Sheets sold to the financial institution by our suppliers and the supplier invoices sold to the financial institution under the program included within Net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025, and 2024.
Three Months Ended June 30, 2024 and 2025
Duke
(in millions)EnergyPiedmont
Confirmed obligations outstanding at March 31, 2024
$76 $74 
Invoices confirmed during the period63 63 
Confirmed invoices paid during the period(111)(109)
Confirmed obligations outstanding at June 30, 2024
$28 $28 
Confirmed obligations outstanding at March 31, 2025
$18 $18 
Invoices confirmed during the period14 12 
Confirmed invoices paid during the period(20)(18)
Confirmed obligations outstanding at June 30, 2025
$12 $12 
Six Months Ended June 30, 2024 and 2025
Duke
(in millions)EnergyPiedmont
Confirmed obligations outstanding at December 31, 2023
$50 $47 
Invoices confirmed during the period120 119 
Confirmed invoices paid during the period(142)(138)
Confirmed obligations outstanding at June 30, 2024
$28 $28 
Confirmed obligations outstanding at December 31, 2024
$13 $12 
Invoices confirmed during the period32 30 
Confirmed invoices paid during the period(33)(30)
Confirmed obligations outstanding at June 30, 2025
$12 $12