Duke Energy 2012 Annual Report Download - page 150

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PART II
Combined Notes to Consolidated Financial Statements – (Continued)
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY
CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
As of December 31, 2012
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Progress
Energy
Carolinas
Progress
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Regulatory Liabilities
Deferred fuel costs $ 55 $ 45 $ 10 $ 10 $ — $ — $ —
DSM costs/Energy effi ciency 49 9 17 — 17 15 8
Other 52 24 1 — 1 24 3
Total Current Regulatory Liabilities(b) 156 78 28 10 18 39 11
Removal costs 4,827 1,928 2,048 1,503 401 236 624
Amounts to be refunded to customers 290 — 259 — 259 — 31
Storm reserve 125 — 125 — 125 — —
Accrued pension and post-retirement benefi ts 103 — — — — 18 68
Other 239 174 37 35 2 — 18
Total Non-Current Regulatory Liabilities 5,584 2,102 2,469 1,538 787 254 741
Total Regulatory Liabilities $5,740 $2,180 $2,497 $1,548 $805 $293 $752
As of December 31, 2011
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Progress
Energy
Carolinas
Progress
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Regulatory Assets
Vacation accrual $ 150 $ 70 $ — $ — $ — $ 7 $ 13
DSM costs/Energy effi ciency 52 25 — — — 9 18
Over-distribution of BPM sharing 41 41 — — — — —
Deferred fuel costs 38 — 275 31 244 10 28
Post in-service carrying costs and deferred operating expenses 31 28 — — — — 3
Gasifi cation services agreement buyout costs 25 — — — — — 25
Other 37 8 — — — 2 27
Total Current Regulatory Assets(a) 374 172 275 31 244 28 114
Accrued pension and post-retirement 1,726 734 1,506 691 702 212 314
Net regulatory asset related to income taxes 892 668 352 140 212 77 147
Asset retirement obligations 191 191 540 496 44 — —
Hedge costs and other deferrals 166 91 703 200 503 8 67
Post in-service carrying costs and deferred operating expenses 119 31 — — — 16 72
Nuclear deferral — — 129 — 129 — —
Gasifi cation services agreement buyout costs 88 — — — — — 88
RTO costs 80 13 7 7 — 74 —
Retired generation facilities 73 — 15 15 — — 73
MGP costs 69 — — — — 69 —
DSM costs/Energy effi ciency 70 38 92 92 — 32 —
Other 198 128 80 41 39 32 37
Total Non-Current Regulatory Assets 3,672 1,894 3,424 1,682 1,629 520 798
Total Regulatory Assets $ 4,046 $2,066 $ 3,699 $ 1,713 $ 1,873 $ 548 $ 912