Duke Energy CORP - FORM 8-K - EX-99.1

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8-K - 8-K - Duke Energy CORP	a12-28367_18k.htm

Exhibit 99.1

3rd Quarter 2012 Statistical Supplement

CONTENTS

2	DUKE ENERGY CORPORATION		15	APPENDIX

	2	Consolidating Statement of Operations (Current Year)		15	Duke Energy Ohio Supplement (Current Year)

	3	Consolidating Statement of Operations (Prior Year)		16	Duke Energy Ohio Supplement (Prior Year)

	4	Consolidating Balance Sheet - Assets		17	Commercial Power Operating Statistics

	5	Consolidating Balance Sheet - Liabilities and Equity		18	International Energy Operating Statistics

				19	Reconciliation of “As Reported” Results to “As Recasted”

6	U.S. FRANCHISED ELECTRIC AND GAS

	6	Consolidating Segment Income (Current Year)

	7	Consolidating Segment Income (Prior Year)

	8	Consolidating Balance Sheet - Assets

	9	Consolidating Balance Sheet - Liabilities and Equity

	10	Operating Statistics (Duke Energy Carolinas)

	11	Operating Statistics (Progress Energy Carolinas)

	12	Operating Statistics (Progress Energy Florida)

	13	Operating Statistics (Duke Energy Ohio - Electric & Gas)

	14	Operating Statistics (Duke Energy Indiana - Electric)

Duke Energy Corporation

CONSOLIDATING STATEMENT OF OPERATIONS

(Unaudited)

													Nine Months Ended
	U.S. Franchised		Commercial		International					Eliminations/			September 30,
(In millions)	Electric and Gas		Power		Energy		Other			Adjustments			2012

OPERATING REVENUES
Regulated electric	$	10,841	$	88	$	-	$	(3	)	$	(34	)	$	10,892
Non-regulated electric, natural gas, and other	35		1,519		1,181		54			(81		)	2,708
Regulated natural gas	331		-		-		-			(2		)	329
Total operating revenues	11,207		1,607		1,181		51			(117		)	13,929

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated	3,848		-		-		-			-			3,848
Fuel used in electric generation and purchased power - non-regulated	-		947		394		30			(43		)	1,328
Cost of natural gas and coal sold	95		34		55		-			-			184
Operation, maintenance and other	2,474		328		241		293			(74		)	3,262
Depreciation and amortization	1,275		172		74		99			-			1,620
Property and other taxes	640		31		4		6			-			681
Impairment charges (a)	582		-		-		86			-			668
Total operating expenses	8,914		1,512		768		514			(117		)	11,591
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	13		11		-		(3		)	-			21
OPERATING INCOME	2,306		106		413		(466		)	-			2,359

OTHER INCOME AND EXPENSES
Other income and expenses, net	227		26		136		14			-			403
Interest Expense	546		55		60		196			-			857
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,987		77		489		(648		)	-			1,905
Income Tax Expense (Benefit)	723		5		129		(292		)	-			565
INCOME (LOSS) FROM CONTINUING OPERATIONS	1,264		72		360		(356		)	-			1,340
Less: Net Income attributable to non-controlling interest	1		1		10		-			-			12
SEGMENT INCOME/NET EXPENSE FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION	1,263		71		350		(356		)	-			1,328
Income from Discontinued Operations, net of tax													5
NET INCOME ATTRIBUTABLE TO DUKE ENERGY CORPORATION													$	1,333

(a) Primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.

Consolidated Data

Duke Energy Corporation

CONSOLIDATING STATEMENT OF OPERATIONS

(Unaudited)

													Nine Months Ended
	U.S. Franchised		Commercial		International					Eliminations/			September 30,
(In millions)	Electric and Gas		Power		Energy		Other			Adjustments			2011

OPERATING REVENUES
Regulated electric	$	7,719	$	476	$	-	$	2		$	(32	)	$	8,165
Non-regulated electric, natural gas, and other	29		1,450		1,114		32			(39		)	2,586
Regulated natural gas	410		-		-		-			-			410
Total operating revenues	8,158		1,926		1,114		34			(71		)	11,161

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated	2,413		190		-		-			-			2,603
Fuel used in electric generation and purchased power - non-regulated	-		794		354		-			(1		)	1,147
Cost of natural gas and coal sold	153		55		54		-			-			262
Operation, maintenance and other	2,131		407		236		2			(71		)	2,705
Depreciation and amortization	1,032		173		66		76			(1		)	1,346
Property and other taxes	495		34		5		1			3			538
Impairment charges (a)	222		88		-		-			(1		)	309
Total operating expenses	6,446		1,741		715		79			(71		)	8,910
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	2		15		-		(8		)	-			9
OPERATING INCOME (LOSS)	1,714		200		399		(53		)	-			2,260

OTHER INCOME AND EXPENSES
Other income and expenses, net	201		21		166		43			-			431
Interest Expense	419		67		31		118			-			635
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,496		154		534		(128		)	-			2,056
Income Tax Expense (Benefit)	521		43		154		(85		)	-			633
INCOME (LOSS) FROM CONTINUING OPERATIONS	975		111		380		(43		)	-			1,423
Less: Net Income (Loss) attributable to non-controlling interest	-		8		10		(12		)	-			6
INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION	975		103		370		(31		)	-			1,417
Income from Discontinued Operations, net of tax													1
NET INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION	975		103		370		(31		)	1			$	1,418

(a) Primarily due to a non-cash impairment charge related to the Edwardsport IGCC project at U.S. Franchised Electric & Gas and a non-cash impairment charge related to Emission Allowances at Commercial Power.

Consolidated Data

Duke Energy Corporation

CONSOLIDATING BALANCE SHEET - ASSETS

(Unaudited)

	U.S. Franchised			Commercial			International						Eliminations/			September 30,
(In millions)	Electric and Gas			Power			Energy			Other			Adjustments			2012

CURRENT ASSETS
Cash and cash equivalents	$	380		$	8		$	987		$	385		$	1		$	1,761
Short-term investments	-			-			335			-			-			335
Receivables, net	1,163			86			251			98			(2		)	1,596
Restricted receivables of variable interest entities, net	1,224			26			-			-			-			1,250
Receivables from affiliated companies	178			605			121			12,367			(13,271		)	-
Notes receivable from affiliated companies	796			45			-			548			(1,389		)	-
Inventory	2,822			122			84			13			-			3,041
Other	1,289			246			33			571			(16		)	2,123
Total current assets	7,852			1,138			1,811			13,982			(14,677		)	10,106

INVESTMENTS AND OTHER ASSETS
Investments in equity method unconsolidated affiliates	6			268			90			178			-			542
Investments and advances (from) to subsidiaries	23			(6		)	(9		)	41,857			(41,865		)	-
Nuclear decommissioning trust funds	4,155			-			-			-			-			4,155
Goodwill	15,825			62			293			-			-			16,180
Intangibles, net	88			245			26			1			(1		)	359
Notes receivable	4			-			68			452			(450		)	74
Restricted other assets of variable interest entities	-			115			-			-			-			115
Other	1,311			39			129			690			17			2,186
Total investments and other assets	21,412			723			597			43,178			(42,299		)	23,611

PROPERTY, PLANT AND EQUIPMENT
Cost	89,674			5,420			3,429			1,633			-			100,156
Cost, variable interest entities	16			945			-			-			-			961
Accumulated depreciation and amortization	(29,786		)	(841		)	(936		)	(756		)	1			(32,318		)
Generation facilities to be retired, net	232			-			-			-			-			232
Net property, plant and equipment	60,136			5,524			2,493			877			1			69,031

REGULATORY ASSETS AND DEFERRED DEBITS
Regulatory Assets	8,481			66			-			550			-			9,097
Other	109			32			-			28			(6		)	163
Total regulatory assets and deferred debits	8,590			98			-			578			(6		)	9,260
TOTAL ASSETS	97,990			7,483			4,901			58,615			(56,981		)	112,008

Segment reclassifications and other adjustments	(1,071		)	(586		)	(111		)	(55,409		)	57,177			-

REPORTABLE SEGMENT ASSETS	$	96,919		$	6,897		$	4,790		$	3,206		$	196		$	112,008

Consolidated Data

Duke Energy Corporation

CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY

(Unaudited)

	U.S. Franchised			Commercial			International						Eliminations/			September 30,
(In millions)	Electric and Gas			Power			Energy			Other			Adjustments			2012

CURRENT LIABILITIES
Accounts payable	$	1,484		$	150		$	25		$	253		$	-		$	1,912
Accounts payable to affiliated companies	12,715			19			3			468			$	(13,205	)	$	-
Notes payable to affiliated companies	509			84			-			838			$	(1,431	)	$	-
Notes payable and commercial paper	-			-			-			600			-			600
Non-recourse notes payable of variable interest entities	275			-			-			-			-			275
Taxes accrued (prepaid)	470			(47		)	24			223			(69		)	601
Interest accrued	348			6			11			111			(2		)	474
Current maturities of long-term debt	2,034			56			144			254			-			2,488
Other	1,686			69			65			427			(41		)	2,206
Total current liabilities	19,521			337			272			3,174			(14,748		)	8,556

LONG-TERM DEBT	23,763			433			537			10,472			(7		)	35,198
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES	300			611			-			-			-			911
NOTES PAYABLE TO AFFILIATED COMPANIES	450			-			-			-			(450		)	-

DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes	10,712			1,156			172			(1,752		)	29			10,317
Investment tax credits	462			-			-			-			-			462
Liabilities associated with assets held for sale	-			-			-			-			-			-
Accrued pension and other post-retirement benefit costs	1,811			73			-			658			-			2,542
Asset retirement obligations	4,820			25			1			-			-			4,846
Regulatory Liabilities	5,561			-			-			178			-			5,739
Other	1,617			150			71			454			57			2,349
Total deferred credits and other liabilities	24,983			1,404			244			(462		)	86			26,255

PREFERRED STOCK OF SUBSIDIARIES	93			-			-			-			-			93

EQUITY
Total Duke Energy Corporation shareholders’ equity	28,880			4,682			3,779			45,426			(41,862		)	40,905
Noncontrolling interests	-			16			69			5			-			90
Total equity	28,880			4,698			3,848			45,431			(41,862		)	40,995

TOTAL LIABILITIES AND EQUITY	97,990			7,483			4,901			58,615			(56,981		)	112,008

Segment reclassifications and other adjustments	(1,071		)	(586		)	(111		)	(55,409		)	57,177			-

REPORTABLE SEGMENT LIABILITIES AND EQUITY	$	96,919		$	6,897		$	4,790		$	3,206		$	196		$	112,008

Consolidated Data

U.S. Franchised Electric and Gas

CONSOLIDATING SEGMENT INCOME

(Unaudited)

															Nine Months Ended
	Duke Energy		Progress Energy		Progress Energy		Duke Energy		Duke Energy			Eliminations/			September 30,
(In millions)	Carolinas, LLC		Carolinas, Inc.		Florida, Inc.		Ohio, Inc.		Indiana, Inc.			Adjustments			2012

OPERATING REVENUES
Regulated electric	$	5,062	$	1,396	$	1,388	$	960	$	2,091		$	(56	)	$	10,841
Non-regulated electric, natural gas, and other	-		-		-		-		-			35			35
Regulated natural gas	-		-		-		331		-			-			331
Total operating revenues	5,062		1,396		1,388		1,291		2,091			(21		)	11,207

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated (a)	1,385		580		799		375		853			(144		)	3,848
Cost of natural gas and coal sold	-		-		-		95		-			-			95
Operation, maintenance and other	1,202		278		209		328		420			37			2,474
Depreciation and amortization	686		131		39		130		292			(3		)	1,275
Property and other taxes	277		58		99		145		60			1			640
Impairment charges (b)	-		-		-		2		580			-			582
Total operating expenses	3,550		1,047		1,146		1,075		2,205			(109		)	8,914
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	9		2		1		2		-			(1		)	13
OPERATING INCOME (LOSS)	1,521		351		243		218		(114		)	87			2,306
OTHER INCOME AND EXPENSES
Other income and expenses, net (c)	129		21		11		8		66			(8		)	227
Interest Expense	284		51		61		44		104			2			546
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,366		321		193		182		(152		)	77			1,987
Income Tax Expense (Benefit)	493		116		70		69		(88		)	63			723
INCOME (LOSS) FROM CONTINUING OPERATIONS	873		205		123		113		(64		)	14			1,264
Income from Discontinued Operations, net of tax	-		-		-		-		-			1			1
SEGMENT INCOME (LOSS) ATTRIBUTABLE TO DUKE ENERGY CORPORATION	873		205		123		113		(64		)	13			1,263

(a) Elimination amount includes $100 million of purchase power refunds at Progress Energy Florida related to Crystal River Unit 3 repairs being unlikely to commence before December 31, 2012. This amount was recorded as expense by Progress Energy Florida but reflected as part of the purchase price allocation associated with the Progress Energy merger at Duke Energy.

(b) Primarily due to $580 million of non-cash impairment charges related to the Edwardsport IGCC project.

(c) Primarily due to an equity component of allowance for funds used during construction of $116 million for Duke Energy Carolinas, $18 million for Progress Energy Carolinas, $9 million for Progress Energy Florida, $5 million for Duke Energy Ohio and $61 million for Duke Energy Indiana.

Consolidating Segment Income

U.S. Franchised Electric and Gas

CONSOLIDATING SEGMENT INCOME

(Unaudited)

										Nine Months Ended
	Duke Energy		Duke Energy		Duke Energy		Eliminations/			September 30,
(In millions)	Carolinas, LLC		Ohio, Inc.		Indiana, Inc.		Adjustments			2011

OPERATING REVENUES
Regulated electric	$	5,027	$	702	$	1,997	$	(7	)	$	7,719
Non-regulated electric, natural gas, and other	-		-		-		29			29
Regulated natural gas	-		410		-		-			410
Total operating revenues	5,027		1,112		1,997		22			8,158

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated	1,557		109		748		(1		)	2,413
Cost of natural gas and coal sold	-		153		-		-			153
Operation, maintenance and other	1,339		322		464		6			2,131
Depreciation and amortization	601		133		297		1			1,032
Property and other taxes	259		178		61		(3		)	495
Impairment charges (a)	-		-		222		-			222
Total operating expenses	3,756		895		1,792		3			6,446
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	2		1		-		(1		)	2
OPERATING INCOME	1,273		218		205		18			1,714

OTHER INCOME AND EXPENSES
Other income and expenses, net (b)	139		11		70		(19		)	201
Interest Expense	264		49		104		2			419
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,148		180		171		(3		)	1,496
Income Tax Expense	412		65		52		(8		)	521
SEGMENT INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO DUKE ENERGY CORPORATION	736		115		119		5			975

(a) Primarily due to a non-cash impairment charge related to the Edwardsport IGCC project.

(b) Primarily due to an equity component of allowance for funds used during construction of $125 million for Carolinas, $4 million for Ohio and $64 million for Indiana, respectively.

Consolidating Segment Income

U.S. Franchised Electric and Gas

CONSOLIDATING BALANCE SHEET - ASSETS

(Unaudited)

	Duke Energy			Progress Energy			Progress Energy			Duke Energy			Duke Energy			Eliminations/			September 30,
(In millions)	Carolinas, LLC			Carolinas, Inc.			Florida, Inc.			Ohio, Inc.			Indiana, Inc.			Adjustments (a)			2012

CURRENT ASSETS
Cash and cash equivalents	$	314		$	19		$	20		$	10		$	18		$	(1	)	$	380
Receivables, net	135			486			434			84			23			1			1,163
Restricted receivables of variable interest entities, net	738			-			-			-			-			486			1,224
Receivables from affiliated companies	24			96			21			174			135			(272		)	178
Notes receivable from affiliated companies	811			-			-			39			-			(54		)	796
Inventory	993			749			618			106			356			-			2,822
Other	426			193			391			112			121			46			1,289
Total current assets	3,441			1,543			1,484			525			653			206			7,852

INVESTMENTS AND OTHER ASSETS
Investments in equity method unconsolidated affiliates	1			2			3			-			-			-			6
Investments and advances to (from) subsidiaries	24			-			-			(1		)	-			-			23
Nuclear decommissioning trust funds	2,311			1,223			621			-			-			-			4,155
Goodwill	-			-			-			921			-			14,904			15,825
Intangibles, net	13			6			23			3			43			-			88
Notes receivable	1			-			-			-			3			-			4
Other	790			207			158			40			108			8			1,311
Total investments and other assets	3,140			1,438			805			963			154			14,912			21,412

PROPERTY, PLANT AND EQUIPMENT
Cost	33,961			20,841			15,476			6,442			11,843			1,111			89,674
Cost, variable interest entities	-			16			-			-			-			-			16
Accumulated depreciation and amortization	(11,553		)	(8,025		)	(4,594		)	(1,976		)	(3,638		)	-			(29,786		)
Generation facilities to be retired, net	68			164			-			-			-			-			232
Net property, plant and equipment	22,476			12,996			10,882			4,466			8,205			1,111			60,136

REGULATORY ASSETS AND DEFERRED DEBITS
Regulatory Assets	1,814			1,762			1,446			482			784			2,193			8,481
Other	72			30			42			7			23			(65		)	109
Total regulatory assets and deferred debits	1,886			1,792			1,488			489			807			2,128			8,590
TOTAL ASSETS	30,943			17,769			14,659			6,443			9,819			18,357			97,990

Segment reclassifications and other adjustments	(28		)	(84		)	1			(44		)	-			(916		)	(1,071		)

REPORTABLE SEGMENT ASSETS	$	30,915		$	17,685		$	14,660		$	6,399		$	9,819		$	17,441		$	96,919

(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to mergers and acquisitions and restricted receivables related to Cinergy Receivables Company.

Segment Consolidating Balance Sheet

U.S. Franchised Electric and Gas

CONSOLIDATING BALANCE SHEET - LIABILITIES AND EQUITY

(Unaudited)

	Duke Energy			Progress Energy			Progress Energy		Duke Energy			Duke Energy		Eliminations/			September 30,
(In millions)	Carolinas, LLC			Carolinas, Inc.			Florida, Inc.		Ohio, Inc.			Indiana, Inc.		Adjustments (a)			2012

CURRENT LIABILITIES
Accounts payable	$	426		$	369		$	399	$	142		$	147	$	1		$	1,484
Accounts payable to affiliated companies	121			87			1		3			51		12,452			12,715
Notes payable to affiliated companies	-			243			221		2			55		(12		)	509
Non-recourse notes payable of variable interest entities	-			-			-		-			-		275			275
Taxes accrued	142			85			142		34			58		9			470
Interest accrued	145			71			59		23			49		1			348
Current maturities of long-term debt	427			403			435		261			404		104			2,034
Other	511			447			480		81			170		(3		)	1,686
Total current liabilities	1,772			1,705			1,737		546			934		12,827			19,521

LONG-TERM DEBT	8,139			4,435			4,237		1,361			3,150		2,441			23,763
NON-RECOURSE LONG-TERM DEBT OF VARIABLE INTEREST ENTITIES	300			-			-		-			-		-			300
NOTES PAYABLE TO AFFILIATED COMPANIES	300			-			-		-			150		-			450

DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes	5,126			2,091			1,541		1,080			834		40			10,712
Investment tax credits	216			94			3		6			142		1			462
Accrued pension and other post-retirement benefit costs	226			725			631		80			152		(3		)	1,811
Asset retirement obligations	1,934			1,623			514		23			44		682			4,820
Regulatory Liabilities	2,034			1,667			880		265			706		9			5,561
Other	955			225			214		104			64		55			1,617
Total deferred credits and other liabilities	10,491			6,425			3,783		1,558			1,942		784			24,983

PREFERRED STOCK OF SUBSIDIARIES	-			59			33		-			-		1			93

EQUITY	9,941			5,145			4,869		2,978			3,643		2,304			28,880
TOTAL LIABILITIES AND EQUITY	30,943			17,769			14,659		6,443			9,819		18,357			97,990

Segment reclassifications and other adjustments	(28		)	(84		)	1		(44		)	-		(916		)	(1,071		)

REPORTABLE SEGMENT LIABILITIES AND EQUITY	$	30,915		$	17,685		$	14,660	$	6,399		$	9,819	$	17,441		$	96,919

(a) In addition to the elimination of intercompany balances, amounts include purchase accounting adjustments related to the mergers and acquisitions and non-recourse notes payable of Cinergy Receivables Company.

Segment Consolidating Balance Sheet

Franchised Electric - Duke Energy Carolinas

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012		2011

ELECTRIC ENERGY SALES (GWH)
Residential	20,534		22,692
General service	21,057		21,236
Industrial	15,899		15,782
Other energy and wholesale	4,681		4,901
Total GWh sales billed	62,171		64,611
Unbilled GWh sales	(356	)	(985	)
TOTAL GWH SALES	61,815		63,626


AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)
Residential	2,051		2,040
General service	337		335
Industrial	7		7
Other energy and wholesale	14		14
TOTAL AVERAGE NUMBER OF CUSTOMERS	2,409		2,396

Operating Statistics

Franchised Electric - Progress Energy Carolinas

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012		2011

ELECTRIC ENERGY SALES (GWH)
Residential	12,915		14,480
General service	11,565		11,787
Industrial	7,884		8,040
Other energy and wholesale	11,230		9,933
Total GWh sales billed	43,594		44,240
Unbilled GWh sales	(207	)	(626	)
TOTAL GWH SALES	43,387		43,614


AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)
Residential	1,230		1,221
General service	219		217
Industrial	4		4
Other energy and wholesale	2		2
TOTAL AVERAGE NUMBER OF CUSTOMERS	1,455		1,444

Operating Statistics

Franchised Electric - Progress Energy Florida

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012	2011

ELECTRIC ENERGY SALES (GWH)
Residential	13,942	15,144
General service	11,284	11,437
Industrial	2,384	2,459
Other energy and wholesale	1,409	2,249
Total GWh sales billed	29,019	31,289
Unbilled GWh sales	795	17
TOTAL GWH SALES	29,814	31,306


AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)
Residential	1,463	1,452
General service	188	186
Industrial	2	2
Other energy and wholesale	2	2
TOTAL AVERAGE NUMBER OF CUSTOMERS	1,655	1,642

Operating Statistics

Franchised Electric - Duke Energy Ohio Electric & Gas

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012		2011


ELECTRIC ENERGY SALES (GWH)
Residential	6,770		7,101
General service	7,188		7,440
Industrial	4,340		4,369
Other energy and wholesale	321		582
Total GWh sales billed	18,619		19,492
Unbilled GWh sales	(19	)	(177	)
TOTAL GWH SALES	18,600		19,315


AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS (IN THOUSANDS)
Residential	1,202		1,196
General service	129		129
Industrial	4		4
Other energy and wholesale	3		3
TOTAL AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS	1,338		1,332

AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS)
Residential	734		730
General service	86		85
Industrial	2		2
Other energy and wholesale	3		3
TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS	825		820

AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS)
Residential	468		466
General service	43		44
Industrial	2		2
Other energy	-		-
TOTAL AVERAGE NUMBER OF GAS CUSTOMERS	513		512

Operating Statistics

Franchised Electric - Duke Energy Indiana Electric

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012		2011

ELECTRIC ENERGY SALES (GWH)
Residential	6,939		7,402
General service	6,383		6,414
Industrial	7,872		7,682
Other energy and wholesale	4,495		4,283
Total GWh sales billed	25,689		25,781
Unbilled GWh sales	(5	)	(280	)
TOTAL GWH SALES	25,684		25,501


AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS)
Residential	683		678
General service	100		100
Industrial	3		3
Other energy and wholesale	1		1
TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS	787		782

Operating Statistics

Duke Energy Ohio Supplement

CONSOLIDATED STATEMENTS OF OPERATIONS

Nine Months Ended September 30, 2012

(Unaudited)

	Franchised Electric and Gas				Commercial Power			Other			Consolidated
	Ohio
	Transmission &		Duke Energy
(In millions)	Distribution		Kentucky, Inc.

OPERATING REVENUES
Regulated electric	$	704	$	256	$	88		$	(1	)	$	1,047
Non-regulated electric and other	-		-		1,049			(41		)	1,008
Regulated natural gas	269		62		-			-			331
Total operating revenues	973		318		1,137			(42		)	2,386

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated	272		103		-			-			375
Fuel used in electric generation and purchased power - non-regulated	-		-		690			(41		)	649
Cost of natural gas and coal sold	70		25		-			-			95
Operation, maintenance and other	234		94		216			35			579
Depreciation and amortization	97		33		119			-			249
Property and other taxes	136		9		20			1			166
Goodwill and other impairment charges	2		-		-			(2		)	-
Total operating expenses	811		264		1,045			(7		)	2,113
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	2		-		1			(1		)	2
OPERATING INCOME (LOSS)	164		54		93			(36		)	275

OTHER INCOME AND EXPENSES, NET	7		1		4			1			13
INTEREST EXPENSE	31		13		26			-			70
INCOME (LOSS) BEFORE INCOME TAXES	140		42		71			(35		)	218
INCOME TAX EXPENSE (BENEFIT)	54		15		27			(11		)	85
INCOME FROM CONTINUING OPERATIONS	86		27		44			(24		)	133
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	-		-		(2		)	2			-
NET INCOME (LOSS)	$	86	$	27	$	42		$	(22	)	$	133

Duke Energy Ohio Supplement

CONSOLIDATED STATEMENTS OF OPERATIONS

Nine Months Ended September 30, 2011

(Unaudited)

	Franchised Electric and Gas				Commercial Power		Other			Consolidated
	Ohio
	Transmission &		Duke Energy
(In millions)	Distribution		Kentucky, Inc.

OPERATING REVENUES
Regulated electric	$	439	$	263	$	476	$	(3	)	$	1,175
Non-regulated electric and other	-		-		826		(1		)	825
Regulated natural gas	326		84		-		1			411
Total operating revenues	765		347		1,302		(3		)	2,411

OPERATING EXPENSES
Fuel used in electric generation and purchased power - regulated	-		109		190		-			299
Fuel used in electric generation and purchased power - non-regulated	-		-		501		(1		)	500
Cost of natural gas and coal sold	113		40		-		-			153
Operation, maintenance and other	231		91		274		10			606
Depreciation and amortization	97		36		126		-			259
Property and other taxes	169		9		22		-			200
Goodwill and other impairment charges	-		-		88		-			88
Total operating expenses	610		285		1,201		9			2,105
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET	1		-		3		-			4
OPERATING INCOME (LOSS)	156		62		104		(12		)	310

OTHER INCOME AND EXPENSES, NET	8		3		4		2			17
INTEREST EXPENSE	36		13		28		1			78
INCOME (LOSS) BEFORE INCOME TAXES	128		52		80		(11		)	249
INCOME TAX EXPENSE (BENEFIT)	44		21		31		(4		)	92
INCOME FROM CONTINUING OPERATIONS	84		31		49		(7		)	157
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	-		-		-		-			-
NET INCOME (LOSS)	$	84	$	31	$	49	$	(7	)	$	157

Duke Energy Ohio Supplement

Commercial Power

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012	2011
	(GWh)
GENERATION
Coal	12,421	13,420
Gas	13,483	8,476
Renewables	2,399	2,286
Actual plant generation	28,303	24,182

Net proportional megawatt capacity in operation	7,760	8,300

Operating Statistics

International Energy

OPERATING STATISTICS

(Unaudited)

	Nine Months Ended September 30,
	2012	2011

Sales, GWh	15,264	13,868
Net proportional megawatt capacity in operation	4,465	4,190

Operating Statistics

Duke Energy Corporation

Reconciliation of “As Reported” Results to “As Recasted”

Nine Months Ended September 30, 2011

(Unaudited)


	USFE&G			Commercial Power			International Energy			Total Segments			Other			Duke Energy

Reported EBIT (Prior Segment Measure)	$	2,052		$	217		$	527		$	2,796		$	(176	)	$	2,620
Special Items:
Costs to Achieve, Progress Merger	-			-			-			-			29			29
Edwardsport Impairment	222			-			-			222			-			222
Emission Allowances Impairment	-			79			-			79			-			79
Economic hedges	-			3			-			3			-			3
Adjusted EBIT (Corporate Measure)	2,274			299			527			3,100			(147		)	2,953

Segment allocation changes
Corporate governance costs	(134		)	(16		)	(7		)	(157		)	157			-

Line item mapping changes:
Other income and expense below EBIT	(3		)	20			45			62			9			71
Interest expense	(419		)	(67		)	(31		)	(517		)	(118		)	(635		)
Income taxes	(608		)	(72		)	(154		)	(834		)	79			(755		)
Noncontrolling interest	-			(8		)	(10		)	(18		)	12			(6		)
Adjusted Segment Income (Corporate Measure)	1,110			156			370			1,636			(8		)	1,628

Special Items, net of tax:
Costs to Achieve, Progress Merger	-			-			-			-			(23		)	(23		)
Edwardsport Impairment	(135		)	-			-			(135		)	-			(135		)
Emission Allowances Impairment	-			(51		)	-			(51		)	-			(51		)
Economic hedges	-			(2		)	-			(2		)	-			(2		)
Discontinued operations, net of tax	-			-			-			-			-			-
Reported Segment Income (New Segment Measure)	$	975		$	103		$	370		$	1,448		$	(31	)	$	1,417

Purpose: This supplemental schedule reconciles the Q3 2011 segment results from the previous segment measure (EBIT) to the new segment measure (Segment Income).

Reconciliation of "As Reported" Results to "As Recasted"

Attached files

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