Duke Energy 2014 Annual Report Download - page 181
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161
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, 2014
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Aggregate fair value amounts of derivative instruments in a net liability position $845 $ 19 $370 $ 131 $ 239 $ 456
Fair value of collateral already posted 209 — 23 — 23 186
Additional cash collateral or letters of credit in the event credit-risk-related contingent features
were triggered 407 19 347 131
216 41
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
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,
2014 2013
(in millions) Receivables Payables Receivables Payables
Duke Energy
Amounts offset against net derivative positions $ 145 $ — $30 $—
Amounts not offset against net derivative positions 64 — 122 —
Progress Energy
Amounts offset against net derivative positions 23 — 10 —
Duke Energy Florida
Amounts offset against net derivative positions 23 — 10 —
Duke Energy Ohio
Amounts offset against net derivative positions 122 — 19 —
Amounts not offset against net derivative positions 64 — 115 —
Duke Energy Indiana
Amounts offset against net derivative positions — — — 1
Amounts not offset against net derivative positions —— 1 —