Duke Energy 2012 Annual Report Download - page 174

154
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.
Summary of Signifi cant Debt Issuances
The following tables summarize the Duke Energy Registrants’ signifi cant debt issuances (in millions).
For the year ended December 31, 2012
Issuance
Date
Maturity
Date
Interest
Rate
Duke
Energy
(Parent)
Duke
Energy
Carolinas
Progress
Energy
(Parent)
Progress
Energy
Carolinas
Progress
Energy
Florida
Duke
Energy
Indiana
Unsecured Debt:
March 2012 April 2022 3.15 % $ — $ — $ 450 (a) $— $— $—
August 2012 August 2017 1.63 % 700 (b) —— ———
August 2012 August 2022 3.05 % 500 (b) —— ———
Secured Debt:
April 2012 September 2024 2.64 % 330 (c) —— ———
December 2012 March 2013 2.77 % 203 (d) —— ———
December 2012 March 2013 4.74 % 220 (d) —— ———
December 2012 June 2013 1.01 % 190 (e) —— ———
December 2012 December 2025 1.56 % 200 (e) —— ———
First Mortgage Bonds: —
March 2012 March 2042 4.20 % — — — — — 250 (f)
May 2012 May 2022 2.80 % — — — 500 (g) ——
May 2012 May 2042 4.10 % — — — 500 (g) ——
September 2012 September 2042 4.00 % — 650 (h) ————
November 2012 November 2015 0.65 % — — — — 250 (i) —
November 2012 November 2042 3.85 % — — — — 400
(i) —
Total Issuances $ 2,343 $ 650 $ 450 $1,000 $ 650 $ 250
(a) The net proceeds, along with available cash on hand, were used to repay $450 million 6.85% senior unsecured notes due April 15, 2012.
(b) Proceeds from the issuances were used to repay at maturity $500 million of debentures due September 15, 2012, as well as for general corporate purposes, including the repayment of commercial paper.
(c) Proceeds from the issuance were used to reimburse construction costs for DS Cornerstone, LLC joint venture wind projects. Note was subsequently deconsolidated upon execution of joint venture. See Note 18 for further details.
(d) Proceeds from the issuances were used to fund the existing Los Vientos wind power portfolio.
(e) Debt issuances were executed in connection with the acquisition of Ibener. Both loans are collateralized with cash deposits equal to 101% of the loan amounts. See Note 2 for further details.
(f) Proceeds from the issuance were used to repay a portion of outstanding short-term debt.
(g) Proceeds from the issuances were used to repay at maturity $500 million of 6.50% senior unsecured notes due July 15, 2012 and a portion of Progress Energy Carolinas outstanding commercial paper and notes payable to
affi liated companies.
(h) Proceeds from the issuance were used to repay at maturity the $420 million debentures due through November 2012, as well as for general corporate purposes, including the funding of capital expenditures.
(i) Proceeds from the issuances will be used to repay $425 million 4.80% fi rst mortgage bonds due March 1, 2013, as well as for general corporate purposes.