Duke Energy 2011 Annual Report Download - page 242

PART II
DUKE ENERGY CORPORATION
Schedule I – Condensed Parent Company Financial Statements
Combined Notes to Consolidated Financial Statements – (Continued)
income of approximately $4 million, $7 million and $12 million in
2011, 2010 and 2009, respectively, which is included in Other
Income and Expenses, net on the Condensed Statements of
Operations.
Duke Energy also provides funding to and sweeps cash from
subsidiaries that do not participate in the money pool. For these
subsidiaries, the cash is used in or generated from their operations,
capital expenditures, debt payments and other activities. Amounts
funded or received are carried as open accounts as either,
Investments and Advances to Consolidated Subsidiaries or as Other
Non-Current Liabilities and do not bear interest. These amounts are
included within Net Cash (Used in) Provided by Operating Activities
on the Condensed Statements of Cash Flows.
During the year ended December 31, 2011, Duke Energy
received an equity distribution of $299 million from Duke Energy
Carolinas, which is reflected within Net Cash (Used in) Provided by
Operating Activities on the Condensed Statements of Cash Flows.
Additionally, Duke Energy received an equity distribution from Duke
Energy Carolinas of $350 million in 2010, which is reflected within
Net Cash (Used in) Provided by Operating Activities on the
Condensed Statements of Cash Flows.
During the year ended December 31, 2011, Duke Energy paid
a $15 million advance to Cinergy Corp. for Green Frontier Windpower
LLC PTC funding contributions. During the year ended December 31,
2010, Duke Energy forgave a $29 million advance to Cinergy Corp.
During the year ended December 31, 2009, Duke Energy
contributed approximately $250 million of capital to its subsidiary,
Duke Energy Carolinas.
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