Duke Energy 2013 Annual Report Download - page 208

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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)
Year Ended December 31, 2012
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Service cost $ 16 $ 2 $ 17 $ 8 $ 7 $ 1 $ 1
Interest cost on accumulated post-retirement benefit obligation 56 15 43 23 18 3 6
Expected return on plan assets (17) (10) (2) — (2) (1) (1)
Amortization of actuarial loss (gain) 14 3 35 20 12 (2) —
Amortization of prior service credit (8) (5) — — — (1) —
Amortization of net transition liability 10 7 4 — 3 — —
Special termination benefit cost 9 1 5 2 1 — —
Net periodic post-retirement benefit costs(a)(b) $ 80 $ 13 $ 102 $ 53 $ 39 $ — $ 6
Year Ended December 31, 2011
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Service cost $ 7 $ 2 $ 11 $ 5 $ 5 $ 1 $ 1
Interest cost on accumulated post-retirement benefit obligation 35 16 41 20 18 3 7
Expected return on plan assets (15) (10) (2) — (2) (1) (1)
Amortization of actuarial (gain) loss (3) 2 12 5 7 (2) 2
Amortization of prior service credit (8) (5) — — — (1) —
Amortization of net transition liability 10 9 5 1 4 — —
Net periodic post-retirement benefit costs(a)(b) $ 26 $ 14 $ 67 $ 31 $ 32 $ — $ 9
(a) Duke Energy amounts exclude $8 million, $9 million and $8 million for the years ended December 31, 2013, 2012 and 2011, 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 $2 million for each of the years ended December 31, 2013, 2012 and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments associated with
Duke Energy’s merger with Cinergy in April 2006.
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets and Liabilities
Year Ended December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Regulatory assets, net (decrease) increase $ (683) $ (51) $ (634) $ (388) $ (166) $ — $ (6)
Regulatory liabilities, net increase (decrease) $ 30 $ — $ — $ — $ — $ 3 $ 9
Accumulated other comprehensive (income) loss
Deferred income tax benefit $ 2 $ — $ — $ — $ — $ — $ —
Actuarial gains arising during the year (4) — — — — — —
Prior year service credit arising during the year (3) — — — — — —
Amortization of prior year actuarial loss 1 — — — — — —
Net amount recognized in accumulated other comprehensive income $ (4) $ — $ — $ — $ — $ — $ —