Duke Energy 2015 Annual Report Download - page 140
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120
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, LLC • DUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Year Ended December 31, 2013
(in millions)
Regulated
Utilities
Commercial
Portfolio
Total
Reportable
Segments Other Eliminations Total
Total revenues $ 1,765 $ 40 $ 1,805 $ — $ — $ 1,805
Interest expense $ 74 $ — $ 74 $ — $ — $ 74
Depreciation and amortization 200 13 213 — — 213
Income tax expense (benefit) 91 (36) 55 (12) — 43
Segment income (loss) 151 (65) 86 (19) — 67
Income from discontinued operations, net of tax 35
Net income $ 102
Capital expenditures $ 375 $ 58 $ 433 $ — $ — $ 433
Segment assets 6,649 4,170 10,819 99 (155) 10,763
DUKE ENERGY CAROLINAS, PROGRESS ENERGY, DUKE ENERGY PROGRESS, DUKE ENERGY FLORIDA AND DUKE ENERGY INDIANA
The remaining Subsidiary Registrants each have one reportable operating segment, Regulated Utilities, which generates, transmits, distributes and sells
electricity. The remainder of each company’s operations is classified as Other. While not considered a reportable segment for any of these companies, Other consists
of certain unallocated corporate costs. Other for Progress Energy also includes interest expense on corporate debt instruments of $240 million, $241 million and $300
million for the years ended December 31, 2015, 2014 and 2013. The following table summarizes the net loss for Other for each of these entities.
Years Ended December 31,
(in millions) 2015 2014 2013
Duke Energy Carolinas $ (95) $ (79) $ (97)
Progress Energy (159) (190) (241)
Duke Energy Progress (32) (31) (46)
Duke Energy Florida (16) (19) (24)
Duke Energy Indiana (10)(11) (16)
Duke Energy Progress earned approximately 10 percent of its consolidated operating revenues from North Carolina Electric Membership Corporation (NCEMC)
in 2015. These revenues relate to wholesale contracts and transmission revenues. The assets Duke Energy Carolinas, Progress Energy, Duke Energy Progress, Duke
Energy Florida and Duke Energy Indiana are substantially all included within the Regulated Utilities segment at December 31, 2015, 2014 and 2013.