Duke Energy 2015 Annual Report Download - page 110
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90
PART II
DUKE ENERGY PROGRESS, LLC (formerly DUKE ENERGY PROGRESS, INC.)
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in millions)
Common
Stock
Retained
Earnings
Member’s
Equity
Total
Equity
Balance at December 31, 2012 $ 2,159 $ 2,968 $ — $ 5,127
Net income — 500 — 500
Premium on the redemption of preferred stock — (2) — (2)
Balance at December 31, 2013 $ 2,159 $ 3,466 $ — $ 5,625
Net income — 467 — 467
Dividends to parent — (225) — (225)
Balance at December 31, 2014 $ 2,159 $ 3,708 $ — $ 5,867
Net income — 355 211 566
Transfer to Member's Equity (2,159) (4,063) 6,222 —
Capital contribution from parent — — 626 626
Balance at December 31, 2015 $ — $ — $ 7,059 $ 7,059
See Notes to Consolidated Financial Statements