Duke Energy 2013 Annual Report Download - page 222

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204
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)
(in millions)
Year Ended December 31, 2011
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Unrecognized tax benefits — January 1 $ 342 $ 217 $ 176 $ 74 $ 99 $ 29 $ 21
Unrecognized tax benefits increases (decreases)
Gross increases — tax positions in prior periods 49 42 88 19 66 4 3
Gross decreases — tax positions in prior periods (18) (8) (24) (14) (21) (5) (3)
Gross increases — current period tax positions 16 9 9 8 1 4 3
Gross decreases — current period tax positions — — (8) (4) (4) — —
Decreases due to settlements (4) — (68) (10) (61) — —
Total changes 43 43 (3) (1) (19) 3 3
Unrecognized tax benefits — December 31 $ 385 $ 260 $ 173 $ 73 $ 80 $ 32 $ 24
The following table includes additional information regarding the Duke Energy Registrants’ unrecognized tax benefits. It is reasonably possible that Duke Energy
and Duke Energy Carolinas will reflect an approximate $4 million reduction in unrecognized tax benefits within the next 12 months due to expected settlements. All
other Duke Energy Registrants do not anticipate a material increase or decrease in unrecognized tax benefits within the next 12 months.
December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Indiana
Amount that if recognized, would affect the effective tax rate or regulatory liability(a) $ 128 $ 116 $ 2 $ 1 $ 1 $ 1
Amount that if recognized, would be recorded as a component of discontinued operations 8 — — — — —
(a) Duke Energy, Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke Energy Florida and Duke Energy Indiana are unable to estimate the specific amounts that would affect the effective tax rate versus the
regulatory liability.
OTHER TAX MATTERS
The following tables include interest recognized in the Consolidated Statements of Operations and the Consolidated Balance Sheets.
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
Net interest income recognized related to income taxes $ 2 $ 2 $ 6 $ 7 $ — $ 4 $ 1
Interest payable related to income taxes 27 8 10 2 7 — —