Duke Energy 2011 Annual Report Download - page 249

PART III
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.
Deloitte & Touche LLP, and the member firms of Deloitte Touche Tohmatsu and their respective affiliates (collectively, Deloitte) provided
professional services to Duke Energy Corporation (Duke Energy) and its consolidated subsidiaries for 2011 and 2010. A portion of these costs
have been allocated to Duke Energy Carolinas, LLC (Duke Energy Carolinas), Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy
Indiana, Inc. (Duke Energy Indiana), collectively referred to as the Subsidiary Registrants. The following tables present the Deloitte fees for
services rendered to Duke Energy and the Subsidiary Registrants during 2011 and 2010:
Duke Energy
(In millions)
Types of Fees 2011 2010
Audit Fees(a) $8.5 $8.5
Audit-Related Fees(b) 2.8 2.1
Tax Fees(c) 0.2 0.8
Total Fees: $11.5 $11.4
Subsidiary Registrants
(In millions)
Duke Energy Carolinas Duke Energy Ohio Duke Energy Indiana
Types of Fees 2011 2010 2011 2010 2011 2010
Audit Fees(a) $3.9 $4.2 $2.1 $1.8 $1.1 $1.3
Audit-Related Fees(b) 1.2 1.1 0.7 0.4 0.4 0.3
Tax Fees(c) 0.1 0.4 —0.2 —0.1
Total Fees: $5.2 $5.7 $2.8 $2.4 $1.5 $1.7
(a) Audit Fees are fees billed or expected to be billed for professional services for the audit of Duke Energy and the Subsidiary Registrants’ financial statements included in the annual report
on Form 10-K and the review of financial statements included in quarterly reports on Form 10-Q, for services that are normally provided by Deloitte in connection with statutory,
regulatory or other filings or engagements or for any other service performed by Deloitte to comply with generally accepted auditing standards.
(b) Audit-Related Fees are fees for assurance and related services that are reasonably related to the performance of an audit or review of financial statements, including assistance with
acquisitions and divestitures and internal control reviews.
(c) Tax Fees are fees for tax return assistance and preparation, tax examination assistance, and professional services related to tax planning and taxstrategy.
To safeguard the continued independence of the independent auditor, the Duke Energy Audit Committee adopted a policy that provides
that the independent public accountants are only permitted to provide services to Duke Energy and its consolidated subsidiaries, including the
Subsidiary Registrants that have been pre-approved by the Duke Energy Audit Committee. Pursuant to the policy, detailed audit services, audit-
related services, tax services and certain other services have been specifically pre-approved up to certain fee limits. In the event that the cost of
any of these services may exceed the pre-approved limits, the Duke Energy Audit Committee must pre-approve the service. All other services
that are not prohibited pursuant to the Securities and Exchange Commission’s or other applicable regulatory bodies’ rules of regulations must be
specifically pre-approved by the Duke Energy Audit Committee. All services performed in 2011 and 2010 by the independent public
accountant were approved by the Duke Energy Audit Committee pursuant to its pre-approval policy.
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