Duke Energy 2013 Annual Report Download - page 216

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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)
VEBA I
The following tables provide the fair value measurement amounts for VEBA I other post-retirement assets.
December 31, 2013
(in millions) Total Fair Value Level 1 Level 2 Level 3
Cash and cash equivalents $21 $ — $ 21 $—
Equity securities 15 — 15 —
Debt securities 15 — 15 —
Total assets $51 $ — $ 51 $—
December 31, 2012
(in millions) Total Fair Value Level 1 Level 2 Level 3
Cash and cash equivalents $ 22 $ — $ 22 $ —
Equity securities 12 — 12 —
Debt securities 16 — 16 —
Total assets $ 50 $ — $ 50 $ —
EMPLOYEE SAVINGS PLANS
Duke Energy sponsors, and the Subsidiary Registrants participate in,
employee savings plans that cover substantially all U.S. employees. Most
employees participate in a matching contribution formula where Duke Energy
provides a matching contribution generally equal to 100 percent of employee
before-tax and Roth 401(k) contributions, and, as applicable, after-tax
contributions, of up to 6 percent of eligible pay per pay period. Dividends on
Duke Energy shares held by the savings plans are charged to retained earnings
when declared and shares held in the plans are considered outstanding in the
calculation of basic and diluted earnings per share.
The following table includes pretax employer matching contributions made by Duke Energy and expensed by the Subsidiary Registrants.
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Years ended December 31,
2013 $134 $45 $45 $25 $14 $3 $7
2012 107 37 45 24 15 4 6
2011 86 37 44 23 14 4 8