Duke Energy 2014 Annual Report Download - page 164

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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)
The following table presents the share of jointly owned plant or facilities included on the Consolidated Balance Sheets. All facilities are operated by the Duke
Energy Registrants unless otherwise noted.
December 31, 2014
Ownership
Share
Property, Plant
and Equipment
Accumulated
Depreciation
Construction Work
in Progress
Duke Energy Carolinas
Catawba Nuclear Station (Units 1 and 2)(a)(b) 19.25% $ 886 $ 534 $ 29
Duke Energy Progress
Mayo Station(a)(c) 83.83 1,111 360 10
Shearon Harris Nuclear Station(a)(c) 83.83 3,872 2,242 208
Brunswick Nuclear Station(a)(c) 81.67 2,673 1,372 290
Roxboro Station (Unit 4)(a)(c) 87.06 954 514 24
Duke Energy Florida
Crystal River Nuclear Station (Unit 3)(a)(d) 91.78 — — —
Intercession City Station (Unit P11)(a) (e) 24 14 —
Duke Energy Ohio
Miami Fort Station (Units 7 and 8)(f)(g) 64.0 — — —
J.M. Stuart Station(f)(h)(i) 39.0 — — —
Conesville Station (Unit 4)(f)(h)(i) 40.0 — — —
W.M. Zimmer Station(f)(h) 46.5 — — —
Killen Station(f)(g)(i) 33.0 — — —
Transmission facilities(a)(h) Various 96 51 1
Duke Energy Indiana
Gibson Station (Unit 5)(a)(j) 50.05 315 170 6
Vermillion(a)(k) 62.5 154 105 —
Transmission and local facilities(a)(j) Various 3,918 1,633 —
International Energy
Brazil – Canoas I and II(l) 47.2 235 78 —
(a) Included in Regulated Utilities segment.
(b) Jointly owned with North Carolina Municipal Power Agency Number 1, NCEMC and Piedmont Municipal Power Agency.
(c) Jointly owned with NCEMPA. Duke Energy Progress executed an agreement in September 2014 to purchase NCEMPA’s ownership interest in these facilities. See Note 2 for further discussion.
(d) All costs associated with Crystal River Unit 3 are included within Regulatory assets on the Consolidated Balance Sheets of Duke Energy, Progress Energy and Duke Energy Florida. See Note 4 for additional information.
Co-owned with Seminole Electric Cooperative, Inc., City of Ocala, Orlando Utilities Commission, City of Gainesville, City of Leesburg, Kissimmee Utility Authority, Utilities Commission of the City of New Smyrna Beach, City of
Alachua and City of Bushnell (Florida Municipal Joint Owners). Duke Energy Florida is in the process of obtaining the remaining ownership interest from the Florida Municipal Joint Owners.
(e) Jointly owned with Georgia Power Company (GPC). GPC has exclusive rights to the output of the unit during the months of June through September and pays all fuel and water costs during this period. Duke Energy Florida pays
all fuel and water costs during the remaining months. Other costs are allocated 66.67 percent to Duke Energy Florida and the remainder to GPC.
(f) All costs associated with these plants are included in Assets held for sale on the Consolidated Balance Sheets of Duke Energy and Duke Energy Ohio as part of the Disposal Group. See Note 2 for further discussion.
(g) Jointly owned with The Dayton Power and Light Company.
(h) Jointly owned with America Electric Power Generation Resources and The Dayton Power and Light Company.
(i) Station is not operated by Duke Energy Ohio.
(j) Jointly owned with WVPA and Indiana Municipal Power Agency.
(k) Jointly owned with WVPA.
(l) Included in International Energy segment. Jointly owned with Companhia Brasileira de Aluminio.
9. ASSET RETIREMENT OBLIGATIONS
Asset retirement obligations recognized by Duke Energy Carolinas, Progress Energy and Duke Energy Progress relate primarily to decommissioning nuclear
power facilities, closure of ash basins in North Carolina and South Carolina, asbestos removal and closure of landfi lls at fossil generation facilities. Asset retirement
obligations recognized at Duke Energy Florida relate primarily to decommissioning nuclear power facilities, asbestos removal and closure of landfi lls at fossil
generation facilities. Asset retirement obligations at Duke Energy Ohio relate primarily to the retirement of natural gas mains, asbestos removal and closure of landfi lls
at fossil generation facilities. Asset retirement obligations at Duke Energy Indiana relate primarily to obligations associated with asbestos removal and closure of
landfi lls at fossil generation facilities. Duke Energy also has asset retirement obligations related to the removal of renewable energy generation assets in addition to
the above items. Certain of the Duke Energy Registrants’ assets have an indeterminate life, such as transmission and distribution facilities, and thus the fair value of
the retirement obligation is not reasonably estimable. A liability for these asset retirement obligations will be recorded when a fair value is determinable.