Duke Energy 2013 Annual Report Download - page 172

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154
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
The following tables show information with respect to derivative contracts that are in a net liability position and contain objective credit-risk related payment provisions.
December 31, 2013
(in millions)
Duke
Energy
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Aggregate fair value amounts of derivative instruments in a net liability position $525 $168 $ 60 $108 $ 355
Fair value of collateral already posted 135 10 — 10 125
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered 205 158 60 98 47
December 31, 2012
(in millions)
Duke
Energy
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Aggregate fair value amounts of derivative instruments in a net liability position $466 $286 $ 108 $ 178 $176
Fair Value of Collateral already posted 163 59 9 50 104
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered 230 227 99 128 2
The Duke Energy Registrants have elected to offset cash collateral and fair values of derivatives. For amounts to be netted, the derivative must be executed with
the same counterparty under the same master netting agreement. Amounts disclosed below represent the receivables related to the right to reclaim cash collateral
and payables related to the obligation to return cash collateral under master netting arrangements.
December 31, 2013 December 31, 2012
(in millions) Receivables Payables Receivables Payables
Duke Energy
Amounts offset against net derivative positions $ 30 $ — $ 73 $ —
Amounts not offset against net derivative positions 122 — 93 —
Progress Energy
Amounts offset against net derivative positions 10 — 58 —
Amounts not offset against net derivative positions — — 1 —
Duke Energy Progress
Amounts offset against net derivative positions — — 9 —
Amounts not offset against net derivative positions — — — —
Duke Energy Florida
Amounts offset against net derivative positions 10 — 49 —
Amounts not offset against net derivative positions — — 1 —
Duke Energy Ohio
Amounts offset against net derivative positions 19 — 15 —
Amounts not offset against net derivative positions 115 — 92 —
Duke Energy Indiana
Amounts offset against net derivative positions — 1 — —
Amounts not offset against net derivative positions 1 — — —