Duke Energy 2012 Annual Report Download - page 231

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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)
Qualifi ed Pension Plans
Components of Net Periodic Pension Costs: Qualifi ed Pension Plans
Year Ended December 31, 2012
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Service cost $ 122 $ 35 $ 63 $ 25 $ 30 $ 6 $ 9
Interest cost on project benefi t obligation 307 90 127 58 56 31 30
Expected return on plan assets (472) (146) (188) (96) (81) (45) (46)
Amortization of prior service cost (credit) 10 1 9 8 (1) 1 1
Amortization of actuarial loss 144 45 93 37 48 10 15
Other 622 1 1——
Net periodic pension costs(a)(b) $ 117 $ 27 $ 106 $ 33 $ 53 $ 3 $ 9
Year Ended December 31, 2011
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Service cost $ 96 $ 37 $ 51 $ 20 $ 24 $ 7 $11
Interest cost on project benefi t obligation 232 85 132 61 57 32 30
Expected return on plan assets (384) (150) (182) (91) (78) (44) (45)
Amortization of prior service cost 6 1 7 6 — 1 2
Amortization of actuarial loss 77 37 66 25 33 7 14
Other 18 7 — — — 2 2
Net periodic pension costs(a)(b) $ 45 $ 17 $ 74 $ 21 $ 36 $ 5 $ 14
Year Ended December 31, 2010
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Service cost $ 96 $ 36 $ 46 $ 18 $ 22 $ 7 $11
Interest cost on project benefi t obligation 248 91 131 62 56 33 32
Expected return on plan assets (378) (147) (157) (77) (68) (44) (45)
Amortization of prior service cost 5 1 7 6 — 1 2
Amortization of actuarial loss 50 27 49 16 31 4 12
Settlement and contractual termination benefi t cost 13 — — — — — —
Other 18 8 — — — 2 2
Net periodic pension costs(a)(b) $ 52 $ 16 $ 76 $ 25 $ 41 $ 3 $ 14
(a) Duke Energy amounts exclude $14 million, $14 million and $16 million for the years ended December 31, 2012, 2011, and 2010, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.
(b) Duke Energy Ohio amounts exclude $6 million, $7 million and $7 million for the years ended December 31, 2012, 2011, and 2010, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.