v3.25.2
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2025
VIE primary beneficiary  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.
Duke EnergyDuke Energy
CarolinasProgress
(in millions)DERFDEPR
Expiration date
(a)
(b)
Credit facility amount
(a)
(b)
Amounts borrowed at June 30, 2025  
Amounts borrowed at December 31, 2024500 400 
Restricted Receivables at June 30, 2025  
Restricted Receivables at December 31, 20241,054 835 
(a)    In January 2025, Duke Energy Carolinas repaid all outstanding DERF borrowings totaling $500 million and terminated the related DERF credit facility.
(b)    In March 2025, Duke Energy Progress repaid all outstanding DEPR borrowings totaling $400 million and terminated the related DEPR credit facility.
DEFPF | VIE primary beneficiary  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.
(in millions)June 30, 2025December 31, 2024
Regulatory Assets: Current61 61 
Current Assets: Other28 35 
Other Noncurrent Assets: Regulatory assets715 741 
Other Noncurrent Assets: Other
7 — 
Current Liabilities: Other8 
Current maturities of long-term debt60 59 
Long-Term Debt741 773 
DECNCSF and DEPNCSF | VIE primary beneficiary  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table summarizes the impact of these VIEs on Duke Energy Carolinas’ and Duke Energy Progress’ Consolidated Balance Sheets.
June 30, 2025December 31, 2024
Duke EnergyDuke EnergyDuke EnergyDuke Energy
CarolinasProgressCarolinasProgress
(in millions)DECNCSFDEPNCSFDEPSCSFDECNCSFDEPNCSFDEPSCSF
Regulatory Assets: Current$12 $39 $8 $12 $39 $
Current Assets: Other9 29 8 27 13 
Other Noncurrent Assets: Regulatory assets184 600 152 189 620 155 
Other Noncurrent Assets: Other1 4 1 
Current Liabilities: Other2 8 3 10 
Current Maturities of Long-Term Debt
10 35 5 10 34 
Long-Term Debt193 629 160 198 646 163 
DEF ProCo | VIE primary beneficiary  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table summarizes the impact of this VIE on Duke Energy Florida's Consolidated Balance Sheets.
(in millions)June 30, 2025
December 31, 2024
Inventory
$548 $494 
Accounts Payable
241 208 
Cinergy Receivables | VIE not primary beneficiary  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table shows sales and cash flows related to receivables sold and reflects CRC activity prior to its termination in March 2024.
Duke Energy Ohio
Duke Energy Indiana
Six Months EndedSix Months Ended
(in millions)June 30, 2024June 30, 2024
Sales
Receivables sold$474 $473 
Loss recognized on sale
Cash flows
Cash proceeds from receivables sold$478 $523 
Return received on retained interests