Duke Energy 2012 Annual Report Download - page 173

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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.
December 31, 2011
(in millions)
Weighted Average
Interest Rate
Duke
Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress Energy
Florida
Duke Energy
Ohio
Duke Energy
Indiana
Unsecured debt, maturing 2012 - 2039 5.93 % $ 8,961 $ 2,313 $ 4,650 $ 500 $ 150 $1,305 $1,148
Secured debt, maturing 2012 - 2035 3.70 % 1,118 300 — — — — —
First mortgage bonds, maturing 2013 - 2041(a) 5.24 % 8,182 5,913 7,125 3,025 4,100 700 1,569
Capital leases, maturing 2012 - 2047 8.10 % 306 34 211 12 199 44 27
Junior subordinated debt — — 309 — — — —
Other debt, maturing 2014 - 2027 5.25 % 82 — 5 5 — 8 —
Tax exempt bonds, maturing 2012 - 2041(b) 1.40 % 1,515 415 910 669 241 525 574
Non-recourse notes payable of VIEs 273 — — — — — —
Notes payable and commercial paper(c) 0.61 % 604 — 671 188 233 — —
Money pool borrowings — 300 — 31 8 — 450
Fair value hedge carrying value adjustment 19 13 — — — 7 —
Unamortized debt discount and premium, net (60) (14) (58) (5) (9) (34) (9)
Total debt(d) 21,000 9,274 13,823 4,425 4,922 2,555 3,759
Short-term notes payable and commercial paper (154) — (671) (188) (233) — —
Short-term money pool borrowings — — — (31) (8) — (300)
Current maturities of long-term debt (1,894) (1,178) (961) (502) (10) (507) (6)
Short-term non-recourse notes payable of VIEs (273) — — — — — —
Total long-term debt, including long-term debt of VIEs $18,679 $ 8,096 $12,191 $3,704 $ 4,671 $2,048 $3,453
(a) Substantially all of the Duke Energy Registrants’ electric and gas plant in service is mortgaged under the mortgage bond indentures.
(b) $650 million, $360 million, $910 million, $669 million, $241 million and $289 million were secured by fi rst mortgage bonds at Duke Energy, Duke Energy Carolinas, Progress Energy, Progress Energy Carolinas, Progress Energy
Florida and Duke Energy Indiana, respectively, and $231 million, $27 million and $204 million were secured by a letter of credit at Duke Energy, Duke Energy Ohio, and Duke Energy Indiana, respectively.
(c) Includes $450 million that was classifi ed as Long-term Debt on the Consolidated Balance Sheets due to the existence of long-term credit facilities that back-stop these commercial paper balances, along with Duke Energy’s
ability and intent to refi nance these balances on a long-term basis. The weighted-average days to maturity was 17 days.
(d) Includes $420 million of debt for Duke Energy that was denominated in Brazilian Reals.