Duke Energy 2012 Annual Report Download - page 221

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PART II
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.
Combined Notes to Consolidated Financial Statements – (Continued)
Other than the discussion below related to CRC, no fi nancial support was provided to any of the consolidated VIEs during the years ended December 31, 2012
and 2011, or is expected to be provided in the future, that was not previously contractually required.
December 31, 2012
(in millions) DERF(a) CRC CinCapV Renewables Other Total
Restricted Receivables of VIEs $ 637 $ 534 $ 15 $ 16 $ (1) $1,201
Other Current Assets — — 4 133 2 139
Intangibles, net — — — 12 — 12
Restricted Other Assets of VIEs — — 52 2 — 54
Other Assets — — 10 — 2 12
Property, Plant and Equipment, Cost — — — 1,543 15 1,558
Accumulated Depreciation and Amortization — — — (98) (5) (103)
Other Deferred Debits — — — 40 — 40
Total Assets 637 534 81 1,648 13 2,913
Accounts Payable — — — 1 — 1
Non-Recourse Notes Payable — 312 — — — 312
Taxes Accrued — — — 62 — 62
Current Maturities of Long-Term Debt — — 13 459 — 472
Other Current Liabilities — — 4 25 — 29
Non-Recourse Long-Term Debt 300 — 48 504 — 852
Deferred Income Taxes — — — 154 — 154
Asset Retirement Obligations — — — 23 — 23
Other Liabilities — — 10 39 — 49
Total Liabilities 300 312 75 1,267 — 1,954
Noncontrolling Interests — — — — — —
Net Assets of Consolidated VIEs $337 $ 222 $ 6 $ 381 $ 13 $ 959
(a) DERF is a wholly owned limited liability company of Duke Energy Carolinas.
December 31, 2011
(in millions) DERF(a) CRC CinCapV Renewables Other Total
Restricted Receivables of VIEs $581 $547 $ 13 $ 13 $ 3 $1,157
Other Current Assets — — 2 124 8 134
Intangibles, net — — — 12 — 12
Restricted Other Assets of VIEs — — 65 10 60 135
Other Assets — — 14 36 — 50
Property, Plant and Equipment, Cost — — — 913 — 913
Accumulated Depreciation and Amortization — — — (62) — (62)
Other Deferred Debits — — — 24 2 26
Total Assets 581 547 94 1,070 73 2,365
Accounts Payable — — — 1 1 2
Non-Recourse Notes Payable — 273 — — — 273
Taxes Accrued — — — 3 — 3
Current Maturities of Long-Term Debt — — 11 49 5 65
Other Current Liabilities — — 3 59 — 62
Non-Recourse Long-Term Debt 300 — 60 528 61 949
Deferred Income Taxes — — — 160 — 160
Asset Retirement Obligation — — — 13 — 13
Other Liabilities — — 13 37 — 50
Total Liabilities 300 273 87 850 67 1,577
Noncontrolling Interests — — — — 1 1
Net Assets of Consolidated VIEs $281 $274 $ 7 $ 220 $ 5 $ 787
(a) DERF is a wholly owned limited liability company of Duke Energy Carolinas.