Duke Energy 2011 Annual Report Download - page 198

PART II
DUKE ENERGY CORPORATION •DUKE ENERGY CAROLINAS, LLC •DUKE ENERGY OHIO, INC. •DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
CONSOLIDATED VIEs
The table below shows the VIEs that Duke Energy and Duke Energy Carolinas consolidate and how these entities impact Duke Energy’s
and Duke Energy Carolinas’ respective Consolidated Balance Sheets. None of these entities is consolidated by Duke Energy Ohio or Duke Energy
Indiana.
Other than the discussion below related to CRC, no financial support was provided to any of the consolidated VIEs during the years ended
December 31, 2011 and 2010, respectively, or is expected to be provided in the future, that was not previously contractually required.
Duke Energy
Duke Energy
Carolinas
(in millions)
Duke Energy
Receivables
Financing LLC
(DERF) CRC CinCap V Renewables Other Total
At December 31, 2011
VIE Balance Sheets
Restricted Receivables of VIEs $581 $547 $13 $ 13 $ 3 $1,157
Other Current Assets — — 2 124 8 134
Intangibles, net —— — 12— 12
Restricted Other Assets of VIEs — — 65 10 60 135
Other Assets — — 14 36 — 50
Property, Plant and Equipment Cost, VIEs — — — 913 — 913
Less Accumulated Depreciation and Amortization — — — (62) — (62)
Other Deferred Debits —— — 24 2 26
Total Assets 581 547 94 1,070 73 2,365
Accounts Payable —— — 1 1 2
Non-Recourse Notes Payable — 273 — — — 273
Taxes Accrued —— — 3— 3
Current Maturities of Long-Term Debt — — 11 49 5 65
Other Current Liabilities —— 3 59— 62
Non-Recourse Long-Term Debt 300 — 60 528 61 949
Deferred Income Taxes — — — 160 — 160
Asset Retirement Obligation —— — 13— 13
Other Liabilities — — 13 37 — 50
Total Liabilities 300 273 87 850 67 1,577
Noncontrolling interests —— — — 1 1
Net Duke Energy Corporation Shareholders’ Equity $281 $274 $ 7 $ 220 $ 5 $ 787
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