v3.25.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction Supplemental requirements contracts that include contracted blocks of energy and capacity at contractually fixed prices have the following estimated remaining performance obligations:
Remaining Performance Obligations
(in millions)20252026202720282029ThereafterTotal
Duke Energy Carolinas$6 $12 $12 $12 $— $— $42 
Progress Energy17 43 13 13 13 42 141 
Duke Energy Progress3 6 6 6 6 20 47 
Duke Energy Florida14 37 7 7 7 22 94 
Duke Energy Indiana8 17 15 6 — — 46 
Estimated remaining performance obligations are as follows:
Remaining Performance Obligations
(in millions)20252026202720282029ThereafterTotal
Piedmont$32 $51 $49 $46 $44 $151 $373 
Disaggregation of Revenue
Disaggregated revenues are presented as follows:
Three Months Ended June 30, 2025
DukeDukeDukeDukeDuke
(in millions)DukeEnergyProgressEnergyEnergyEnergyEnergy
By market or type of customerEnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Electric Utilities and Infrastructure
   Residential$3,242 $919 $1,753 $663 $1,089 $253 $316 $— 
Commercial
2,053 693 966 426 538 147 245 — 
   Industrial850 355 264 179 82 36 196 — 
   Wholesale523 132 328 294 33 19 44 — 
   Other revenues262 96 221 111 117 18 9 — 
Total Electric Utilities and Infrastructure revenue from contracts with customers$6,930 $2,195 $3,532 $1,673 $1,859 $473 $810 $— 
Gas Utilities and Infrastructure
   Residential$189 $— $— $— $— $100 $— $89 
   Commercial136 — — — — 37 — 99 
   Industrial41 — — — — 9 — 32 
   Power Generation— — — — — — — 23 
   Other revenues70 — — — — 8 — 47 
Total Gas Utilities and Infrastructure revenue from contracts with customers$436 $— $— $— $— $154 $— $290 
Other
Revenue from contracts with customers$7 $— $— $— $— $— $— $— 
Total revenue from contracts with customers$7,373 $2,195 $3,532 $1,673 $1,859 $627 $810 $290 
Other revenue sources(a)
$135 $36 $37 $8 $26 $27 $11 $45 
Total revenues$7,508 $2,231 $3,569 $1,681 $1,885 $654 $821 $335 
Three Months Ended June 30, 2024
DukeDukeDukeDukeDuke
(in millions)DukeEnergyProgressEnergyEnergyEnergyEnergy
By market or type of customerEnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Electric Utilities and Infrastructure
   Residential$3,092 $959 $1,625 $661 $964 $240 $269 $— 
Commercial
2,013 755 933 427 506 144 180 — 
   Industrial869 374 267 183 84 39 190 — 
   Wholesale524 127 337 298 39 10 49 — 
   Other revenues293 99 187 91 96 18 39 — 
Total Electric Utilities and Infrastructure revenue from contracts with customers$6,791 $2,314 $3,349 $1,660 $1,689 $451 $727 $— 
Gas Utilities and Infrastructure
   Residential$182 $— $— $— $— $86 $— $96 
   Commercial103 — — — — 31 — 72 
   Industrial32 — — — — 6 — 24 
   Power Generation— — — — — — — 8 
   Other revenues32 — — — — 9 — 23 
Total Gas Utilities and Infrastructure revenue from contracts with customers$349 $— $— $— $— $132 $— $223 
Other
Revenue from contracts with customers$11 $— $— $— $— $— $— $— 
Total revenue from contracts with customers$7,151 $2,314 $3,349 $1,660 $1,689 $583 $727 $223 
Other revenue sources(a)
$21 $(17)$8 $(24)$27 $25 $20 $21 
Total revenues$7,172 $2,297 $3,357 $1,636 $1,716 $608 $747 $244 
Six Months Ended June 30, 2025
DukeDukeDukeDukeDuke
(in millions)DukeEnergyProgressEnergyEnergyEnergyEnergy
By market or type of customerEnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Electric Utilities and Infrastructure
   Residential$6,645 $2,046 $3,366 $1,483 $1,883 $535 $695 $— 
Commercial
3,974 1,394 1,809 841 968 289 478 — 
   Industrial1,673 689 528 372 156 69 383 — 
   Wholesale1,193 281 770 698 72 41 101 — 
   Other revenues498 276 467 274 193 36 8 — 
Total Electric Utilities and Infrastructure revenue from contracts with customers$13,983 $4,686 $6,940 $3,668 $3,272 $970 $1,665 $— 
Gas Utilities and Infrastructure
   Residential$895 $— $— $— $— $286 $— $609 
   Commercial458 — — — — 107 — 351 
   Industrial96 — — — — 25 — 71 
   Power Generation— — — — — — — 47 
   Other revenues144 — — — — 14 — 100 
Total Gas Utilities and Infrastructure revenue from contracts with customers$1,593 $— $— $— $— $432 $— $1,178 
Other
Revenue from contracts with customers$15 $— $— $— $— $— $— $— 
Total Revenue from contracts with customers$15,591 $4,686 $6,940 $3,668 $3,272 $1,402 $1,665 $1,178 
Other revenue sources(a)
$166 $69 $96 $31 $57 $18 $14 $14 
Total operating revenues
$15,757 $4,755 $7,036 $3,699 $3,329 $1,420 $1,679 $1,192 
Six Months Ended June 30, 2024
DukeDukeDukeDukeDuke
(in millions)DukeEnergyProgressEnergyEnergyEnergyEnergy
By market or type of customerEnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Electric Utilities and Infrastructure
   Residential$6,207 $2,017 $3,142 $1,403 $1,739 $493 $556 $— 
Commercial
3,947 1,472 1,799 849 950 296 381 — 
   Industrial1,691 714 533 360 173 71 373 — 
   Wholesale1,078 265 692 624 68 24 97 — 
   Other revenues546 198 336 169 167 40 73 — 
Total Electric Utilities and Infrastructure revenue from contracts with customers$13,469 $4,666 $6,502 $3,405 $3,097 $924 $1,480 $— 
Gas Utilities and Infrastructure
   Residential$702 $— $— $— $— $233 $— $469 
   Commercial343 — — — — 88 — 255 
   Industrial79 — — — — 17 — 62 
   Power Generation— — — — — — — 16 
   Other revenues72 — — — — 14 — 58 
Total Gas Utilities and Infrastructure revenue from contracts with customers$1,196 $— $— $— $— $352 $— $860 
Other
Revenue from contracts with customers$18 $— $— $— $— $— $— $— 
Total Revenue from contracts with customers$14,683 $4,666 $6,502 $3,405 $3,097 $1,276 $1,480 $860 
Other revenue sources(a)
$160 $38 $83 $19 $55 $10 $26 $60 
Total operating revenues
$14,843 $4,704 $6,585 $3,424 $3,152 $1,286 $1,506 $920 
(a)Other revenue sources include revenues from leases, derivatives and alternative revenue programs that are not considered revenues from contracts with customers. Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over or under collection of related revenues.
Reserve for Credit Losses for Trade and Other Receivables
The following table presents the reserve for credit losses for trade and other receivables.
Three Months Ended June 30, 2024 and 2025
DukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions)EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Balance at March 31, 2024$204 $62 $73 $47 $27 $41 $16 $12 
Write-Offs(36)(16)(17)(12)(5)— — (3)
Credit Loss Expense35 10 11 6 5 1 — 2 
Other Adjustments4 9 6 6 (1)— — — 
Balance at June 30, 2024$207 $65 $73 $47 $26 $42 $16 $11 
Balance at March 31, 2025$204 $64 $67 $42 $25 $46 $17 $10 
Write-Offs(46)(12)(14)(10)(4)(8)(4)(8)
Credit Loss Expense32 5 10 3 7 — 6 11 
Other Adjustments9 — 7 7 — 3 (2)1 
Balance at June 30, 2025$199 $57 $70 $42 $28 $41 $17 $14 
Six Months Ended June 30, 2024 and 2025
DukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions)EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Balance at December 31, 2023$205 $56 $74 $44 $31 $9 $5 $11 
Write-Offs(68)(28)(33)(19)(14)— — (4)
Credit Loss Expense45 17 20 10 10 2 2 4 
Other Adjustments25 20 12 12 (1)31 9 — 
Balance at June 30, 2024$207 $65 $73 $47 $26 $42 $16 $11 
Balance at December 31, 2024$209 $69 $73 $44 $29 $43 $15 $10 
Write-Offs(75)(26)(29)(18)(11)(8)(4)(8)
Credit Loss Expense46 10 18 8 10 1 6 11 
Other Adjustments19 4 8 8 — 5 — 1 
Balance at June 30, 2025$199 $57 $70 $42 $28 $41 $17 $14