v3.25.2
Debt and Credit Facilities (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes significant debt issuances (in millions).
Six Months Ended June 30, 2025
Duke DukeDukeDukeDukeDuke
MaturityInterestDukeEnergyEnergyEnergyEnergy EnergyEnergy
Issuance DateDateRateEnergy(Parent)CarolinasProgressFloridaOhioIndianaPiedmont
First Mortgage Bonds
January 2025(a)
March 2030
4.85 %$400 $— $400 $— $— $— $— $— 
January 2025(a)
March 2035
5.25 %700 — 700 — — — — — 
March 2025(b)
March 2027
4.35 %500 — — 500 — — — — 
March 2025(b)
March 2035
5.05 %850 — — 850 — — — — 
March 2025(b)
March 2055
5.55 %750 — — 750 — — — — 
May 2025(c)
May 2055
5.90 %300 — — — — — 300 — 
June 2025(d)
June 2035
5.30 %350 — — — — 350 — — 
Total issuances$3,850 $— $1,100 $2,100 $— $350 $300 $— 
(a)Proceeds were used to pay off the $500 million DERF accounts receivable securitization facility due January 2025, to pay off short-term debt and for general company purposes.
(b)Proceeds were used to pay off the $400 million DEPR accounts receivable securitization facility due April 2025, to pay off short-term debt and for general company purposes.
(c)Proceeds were used to pay down short-term debt and for general company purposes.
(d)Proceeds were used to pay off $150 million of maturities due June 2025, to pay off short-term debt and for general corporate purposes.
The following table shows the significant components of Current maturities of long-term debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings.
(in millions)Maturity DateInterest RateJune 30, 2025
Unsecured Debt
Duke Energy (Parent)September 20250.900 %650 
Piedmont
September 20253.600 %150 
Duke Energy Florida Term Loan Facility(a)
October 20255.071 %800 
Duke Energy Ohio(b)
October 20253.230 %95 
Duke Energy (Parent)December 20255.000 %500 
Duke Energy (Parent) Convertible Senior Notes
April 20264.125 %1,725 
First Mortgage Bonds
Duke Energy Florida(a)(c)
October 2073
4.009 %200 
Duke Energy Florida(a)(c)
April 20744.009 %173 
Duke Energy ProgressAugust 20253.250 %500 
Other(d)
253 
Current maturities of long-term debt$5,046 
(a)Debt has a floating interest rate.
(b)Current maturity relates to Duke Energy Kentucky.
(c)These first mortgage bonds are classified as Current maturities of long-term debt on the Condensed Consolidated Balance Sheets based on terms of the indentures, which could require repayment in less than 12 months if exercised by the bondholders.
(d)Includes finance lease obligations, amortizing debt, tax-exempt bonds with mandatory put options and small bullet maturities.
Schedule of Line of Credit Facilities
The table below includes the current borrowing sublimits and available capacity under these credit facilities.
June 30, 2025
DukeDukeDukeDukeDukeDuke
DukeEnergyEnergyEnergyEnergyEnergyEnergy
(in millions)Energy(Parent)CarolinasProgressFloridaOhioIndianaPiedmont
Facility size(a)
$10,000 $3,925 $1,000 $1,125 $1,150 $950 $800 $1,050 
Reduction to backstop issuances
Commercial paper(b)
(3,017)(2,385)(300)(150)(1)(26)(150)(5)
Outstanding letters of credit(14)(2)(4)(1)(7)— — — 
Tax-exempt bonds(81)— — — — — (81)— 
Available capacity under the Master Credit Facility$6,888 $1,538 $696 $974 $1,142 $924 $569 $1,045 
(a)Represents the sublimit of each borrower.
(b)Duke Energy issued $625 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies on the Condensed Consolidated Balance Sheets.