Duke Energy 2015 Annual Report Download - page 178
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158
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)
LOCATION AND FAIR VALUE OF DERIVATIVE ASSETS AND LIABILITIES RECOGNIZED IN THE CONSOLIDATED BALANCE SHEETS
The following tables show the fair value and balance sheet location of derivative instruments. Although derivatives subject to master netting arrangements are
netted on the Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the
fair values shown.
Derivative Assets December 31, 2015
(in millions)
Duke
Energy
Duke Energy
Carolinas
Progress
Energy
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Ohio
Duke Energy
Indiana
Commodity Contracts
Not Designated as Hedging Instruments
Current $ 12 $ — $ 1 $ — $ 1 $ 3 $ 7
Noncurrent 4 — 4 — 4 — —
Total Derivative Assets – Commodity Contracts $ 16 $ — $ 5 $ — $ 5 $ 3 $ 7
Interest Rate Contracts
Designated as Hedging Instruments
Noncurrent $ 4 $ — $ — $ — $ — $ — $ —
Not Designated as Hedging Instruments
Current 6 — 6 2 2 — —
Total Derivative Assets – Interest Rate Contracts $ 10 $ — $ 6 $ 2 $ 2 $ — $ —
Total Derivative Assets $ 26 $ — $ 11 $ 2 $ 7 $ 3 $ 7
Derivative Liabilities December 31, 2015
(in millions)
Duke
Energy
Duke Energy
Carolinas
Progress
Energy
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Ohio
Duke Energy
Indiana
Commodity Contracts
Not Designated as Hedging Instruments
Current $ 256 $ 32 $ 222 $ 77 $ 145 $ — $ —
Noncurrent 100 8 92 16 71 — —
Total Derivative Liabilities – Commodity Contracts $ 356 $ 40 $ 314 $ 93 $ 216 $ — $ —
Interest Rate Contracts
Designated as Hedging Instruments
Current $ 11 $ — $ — $ — $ — $ — $ —
Noncurrent 33 — — — — — —
Not Designated as Hedging Instruments
Current 4 — 3 — — 1 —
Noncurrent 15 5 5 5 — 6 —
Total Derivative Liabilities – Interest Rate Contracts $ 63 $ 5 $ 8 $ 5 $ — $ 7 $ —
Total Derivative Liabilities $ 419 $ 45 $ 322 $ 98 $ 216 $ 7 $ —