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Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting Information [Line Items]

Business segment information is presented in the following tables.


	Year Ended December 31, 2024
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	28,020	$	2,299	$	30,319	$	38	$	—	$	30,357
Intersegment revenues	73		91		164		119		(283)		—
Total revenues	$	28,093	$	2,390	$	30,483	$	157	$	(283)	$	30,357
Less:
Fuel used in electric generation and purchased power	$	9,285	$	—	$	9,285	$	—	$	(79)	$	9,206
Cost of natural gas	—		565		565		—		—		565
Operation, maintenance and other	5,185		478		5,663		(79)		(195)		5,389
Depreciation and amortization	5,128		400		5,528		293		(28)		5,793
Property and other taxes	1,305		149		1,454		12		—		1,466
Impairment of assets and other charges	37		—		37		1		—		38
Interest expense	2,006		256		2,262		1,245		(123)		3,384
Income tax expense (benefit)	820		99		919		(329)		—		590
Other Segment Items
Noncontrolling interests(a)	88		(1)		87		—		—		87
Preferred dividends	—		—		—		106		—		106
Preferred redemption costs	—		—		—		16		—		16
Add: Equity in (losses) earnings of unconsolidated affiliates	(11)		(48)		(59)		50		—		(9)
Add: Other(b)	542		58		600		229		(142)		687
Segment income (loss)(c)(d)(e)	$	4,770	$	454	$	5,224	$	(829)	$	—	$	4,395
Discontinued Operations											7
Net income available to Duke Energy Corporation Common Stockholders											$	4,402
Add back: Net income (loss) attributable to noncontrolling interest											90
Add back: Preferred dividends											106
Add back: Preferred redemption costs											16
Net income											$	4,614
Capital investments expenditures and acquisitions	$	10,689	$	1,313	$	12,002	$	261	$	—	$	12,263
Segment assets	164,010		18,131		182,141		4,202		—		186,343

(a) Net income (loss) attributable to NCI related to continuing operations.

(b) Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.

•$42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction within Interest Expense related to South Carolinas rate case orders for Duke Energy Carolinas and Duke Energy Progress. See Note 4 for further information.

•$29 million recorded as a reduction of Operating revenues and $4 million as a reduction within Noncontrolling interests related to a Duke Energy Indiana regulatory liability associated with certain employee post-retirement benefits. See Note 4 for further information.

•$17 million recorded as a reduction of Operating revenues related to nonrecurring customer billing adjustments as a result of implementation of a new customer system.

•$15 million recorded within Equity in (losses) earnings of unconsolidated affiliates, primarily related to impairments for certain joint venture electric transmission projects, and $4 million within Gains on sales of other assets and other, net.

(d) GU&I includes $1 million recorded with Operation, maintenance and other and $3 million as a charge within Other income and expenses on the Consolidated Statements of Operations related to nonrecurring customer billing adjustments as a result of implementation of a new customer system. Additionally, GU&I includes $54 million recorded within Equity in (losses) earnings of unconsolidated affiliates on the Consolidated Statements of Operations related to impairments for certain renewable natural gas investments. See Note 13 for further information.

(e) Other includes $16 million recorded as Preferred Redemption Costs on the Consolidated Statements of Operations related to the redemption of Series B Preferred Stock. See Note 20 for further information. Additionally, Other includes $23 million recorded within Operation, maintenance and other on the Consolidated Statements of Operations related to an insurance deductible for Hurricane Helene property losses.


	Year Ended December 31, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	26,846	$	2,177	$	29,023	$	37	$	—	$	29,060
Intersegment revenues	75		89		164		97		(261)		—
Total revenues	$	26,921	$	2,266	$	29,187	$	134	$	(261)	$	29,060
Less:
Fuel used in electric generation and purchased power	$	9,164	$	—	$	9,164	$	—	$	(78)	$	9,086
Cost of natural gas	—		593		593		—		—		593
Operation, maintenance and other	5,309		455		5,764		36		(175)		5,625
Depreciation and amortization	4,684		349		5,033		248		(28)		5,253
Property and other taxes	1,320		129		1,449		(49)		—		1,400
Impairment of assets and other charges	75		(4)		71		14		—		85
Interest expense	1,850		217		2,067		1,097		(150)		3,014
Income tax expense (benefit)	742		116		858		(420)		—		438
Other Segment Items
Noncontrolling interests(a)	99		(2)		97		—		—		97
Preferred dividends	—		—		—		106		—		106
Add: Equity in earnings of unconsolidated affiliates	7		40		47		66		—		113
Add: Other(b)	538		66		604		216		(170)		650
Segment income (loss)(c)(d)	$	4,223	$	519	$	4,742	$	(616)	$	—	$	4,126
Discontinued operations											(1,391)
Net income available to Duke Energy Corporation Common Stockholders											$	2,735
Add back: Net income (loss) attributable to noncontrolling interest											33
Add back: Preferred dividends											106
Net income											$	2,874
Capital investments expenditures and acquisitions(e)	$	10,135	$	1,492	$	11,627	$	995	$	—	$	12,622
Segment assets(f)	155,449		17,349		172,798		4,095		—		176,893

(a) Net income (loss) attributable to NCI related to continuing operations.

(b) Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.

(c) EU&I includes $35 million recorded with Impairment of assets and other charges and $8 million within Operations, maintenance and other primarily related to the North Carolina rate case order on Duke Energy Carolinas' Consolidated Statements of Operations; it also includes $33 million recorded within Impairment of assets and other charges and $8 million within Operations, maintenance and other primarily related to the North Carolina rate case order on Duke Energy Progress' Consolidated Statements of Operations. See Note 4 for additional information.

(d) Other includes $110 million recorded within Operations, maintenance and other and $14 million within Impairments of assets and other charges primarily related to strategic repositioning as the Company transitions to a fully regulated utility on the Consolidated Statements of Operations. See Note 21 for additional information.

(e) Other includes capital investments expenditures and acquisitions related to the Commercial Renewables Disposal Groups.

(f) Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. See Note 2 for further information.


	Year Ended December 31, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	25,990	$	2,748	$	28,738	$	30	$	—	$	28,768
Intersegment revenues	34		92		126		92		(218)		—
Total revenues	$	26,024	$	2,840	$	28,864	$	122	$	(218)	$	28,768
Less:
Fuel used in electric generation and purchased power	$	8,862	$	—	$	8,862	$	—	$	(80)	$	8,782
Cost of natural gas	—		1,276		1,276		—		—		1,276
Operation, maintenance and other	5,354		532		5,886		(23)		(129)		5,734
Depreciation and amortization	4,550		327		4,877		236		(27)		5,086
Property and other taxes	1,315		138		1,453		13		—		1,466
Impairment of assets and other charges	374		(12)		362		72		—		434
Interest expense	1,565		182		1,747		778		(86)		2,439
Income tax expense (benefit)	536		8		544		(244)		—		300
Other Segment Items
Noncontrolling interests(a)	13		—		13		—		—		13
Preferred dividends	—		—		—		106		—		106
Add: Equity in earnings of unconsolidated affiliates	7		20		27		86		—		113
Add: Other(b)	467		59		526		(7)		(105)		414
Segment income (loss)(c)(d)	$	3,929	$	468	$	4,397	$	(737)	$	(1)	$	3,659
Discontinued operations											(1,215)
Net income available to Duke Energy Corporation Common Stockholders											$	2,444
Add back: Net income (loss) attributable to noncontrolling interest											(95)
Add back: Preferred dividends											106
Net income											$	2,455
Capital investments expenditures and acquisitions(e)	$	8,985	$	1,295	$	10,280	$	1,139	$	—	$	11,419
Segment assets(f)	152,104		16,411		168,515		9,571		—		178,086

(a) Net income (loss) attributable to NCI related to continuing operations.

(b) Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.

(c) EU&I includes $386 million recorded within Impairment of assets and other charges, $46 million as a reduction within Regulated electric revenues and $34 million within Noncontrolling Interests related to the Duke Energy Indiana court rulings on coal ash on the Consolidated Statements of Operations. See Note 4 for additional information.

(d) Other includes $72 million recorded within Impairment of assets and other charges, $71 million within Operations, maintenance and other and a $7 million gain within Gains on sales of other assets related to costs attributable to business transformation, including long-term real estate strategy changes and workforce realignment on the Consolidated Statements of Operations; it also includes $25 million recorded within Operations, maintenance and other related to litigation on the Consolidated Statements of Operations.

(e) Other includes capital investments expenditures and acquisitions related to the Commercial Renewables Disposal Groups.

(f) Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. See Note 2 for further information.

Schedule of Revenue, By Products and Services

Products and Services

The following table summarizes revenues of the reportable segments by type.


	Retail		Wholesale		Retail				Total
(in millions)	Electric		Electric		Natural Gas		Other		Revenues
2024
Electric Utilities and Infrastructure	$	24,593	$	2,219	$	—	$	1,281	$	28,093
Gas Utilities and Infrastructure	—		—		2,320		70		2,390

Total Reportable Segments	$	24,593	$	2,219	$	2,320	$	1,351	$	30,483
2023
Electric Utilities and Infrastructure	$	23,484	$	2,193	$	—	$	1,244	$	26,921
Gas Utilities and Infrastructure	—		—		2,199		67		2,266

Total Reportable Segments	$	23,484	$	2,193	$	2,199	$	1,311	$	29,187
2022
Electric Utilities and Infrastructure	$	22,036	$	2,882	$	—	$	1,106	$	26,024
Gas Utilities and Infrastructure	—		—		2,535		305		2,840

Total Reportable Segments	$	22,036	$	2,882	$	2,535	$	1,411	$	28,864

Duke Energy Carolinas

Segment Reporting Information [Line Items]

Business Segment Data

Duke Energy Carolinas has one reportable segment, EU&I.

EU&I generates, distributes and sells electricity in North Carolina and South Carolina. EU&I conducts operations primarily through Duke Energy Carolinas. The remainder of Duke Energy Carolinas' operations is presented as Other.


	Year Ended December 31, 2024
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	9,718	$	—	$	9,718
Less:
Fuel used in electric generation and purchased power	$	3,251	$	—	$	3,251
Operation, maintenance and other	1,710		30		1,740
Depreciation and amortization	1,768		—		1,768
Property and other taxes	346		—		346
Impairment of assets and other charges	31		—		31
Interest expense	722		—		722
Income tax expense (benefit)	233		(7)		226
Add: Other segment items(a)	252		(3)		249
Segment income (loss) / Net income	$	1,909	$	(26)	$	1,883
Capital expenditures	$	3,966	$	—	$	3,966
Segment assets	54,782		223		55,005


	Year Ended December 31, 2023
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	8,288	$	—	$	8,288
Less:
Fuel used in electric generation and purchased power	$	2,524	$	—	$	2,524
Operation, maintenance and other	1,689		85		1,774
Depreciation and amortization	1,593		—		1,593
Property and other taxes	320		—		320
Impairment of assets and other charges	44		—		44
Interest expense	686		—		686
Income tax expense (benefit)	162		(21)		141
Add: Other segment items(a)	267		(3)		264
Segment income (loss) / Net income	$	1,537	$	(67)	$	1,470
Capital expenditures	$	3,733	$	—	$	3,733
Segment assets	51,908		202		52,110


	Year Ended December 31, 2022
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	7,857	$	—	$	7,857
Less:
Fuel used in electric generation and purchased power	$	2,015	$	—	$	2,015
Operation, maintenance and other	1,845		47		1,892
Depreciation and amortization	1,526		—		1,526
Property and other taxes	340		—		340
Impairment of assets and other charges	(18)		44		26
Interest expense	557		—		557
Income tax expense (benefit)	148		(22)		126
Add: Other segment items(a)	228		(3)		225
Segment income (loss) / Net income	$	1,672	$	(72)	$	1,600
Capital expenditures	$	3,304	$	—	$	3,304
Segment assets	49,956		390		50,346

(a) Other segment items includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Progress Energy

Segment Reporting Information [Line Items]

Business Segment Data

Progress Energy has one reportable segment, EU&I.

EU&I generates, distributes and sells electricity in North Carolina, South Carolina and Florida. EU&I conducts operations primarily through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. The remainder of Progress Energy's operations is presented as Other.


	Year Ended December 31, 2024
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	13,612	$	21	$	13,633
Less:
Fuel used in electric generation and purchased power	$	4,755	$	—	$	4,755
Operation, maintenance and other	2,413		50		2,463
Depreciation and amortization	2,393		—		2,393
Property and other taxes	617		—		617
Impairment of assets and other charges	6		—		6
Interest expense	949		115		1,064
Income tax expense (benefit)	465		(39)		426
Add: Other segment items(a)	224		38		262
Segment income (loss) / Net income	$	2,238	$	(67)	$	2,171
Capital expenditures	$	5,252	$	—	$	5,252
Segment assets	67,951		3,685		71,636


	Year Ended December 31, 2023
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	13,524	$	20	$	13,544
Less:
Fuel used in electric generation and purchased power	$	5,026	$	—	$	5,026
Operation, maintenance and other	2,554		82		2,636
Depreciation and amortization	2,151		—		2,151
Property and other taxes	644		—		644
Impairment of assets and other charges	28		—		28
Interest expense	840		114		954
Income tax expense (benefit)	426		(49)		377
Add: Other segment items(a)	210		18		228
Segment income (loss) / Net income	$	2,065	$	(109)	$	1,956
Capital expenditures	$	4,917	$	—	$	4,917
Segment assets	63,182		3,912		67,094


	Year Ended December 31, 2022
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	13,106	$	19	$	13,125
Less:
Fuel used in electric generation and purchased power	$	5,078	$	—	$	5,078
Operation, maintenance and other	2,395		63		2,458
Depreciation and amortization	2,142		—		2,142
Property and other taxes	611		(4)		607
Impairment of assets and other charges	5		7		12
Interest expense	716		128		844
Income tax expense (benefit)	396		(48)		348
Add: Other segment items(a)	205		(13)		192
Segment income (loss) / Net income	$	1,968	$	(140)	$	1,828
Capital expenditures	$	4,317	$	—	$	4,317
Segment assets	62,183		3,896		66,079

(a) Other segment items includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Duke Energy Progress

Segment Reporting Information [Line Items]

Business Segment Data

Duke Energy Progress has one reportable segment, EU&I.

EU&I generates, distributes and sells electricity in North Carolina and South Carolina. EU&I conducts operations primarily through Duke Energy Progress. The remainder of Duke Energy Progress' operations is presented as Other.


	Year Ended December 31, 2024
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	7,017	$	—	$	7,017
Less:
Fuel used in electric generation and purchased power	$	2,409	$	—	$	2,409
Operation, maintenance and other	1,370		18		1,388
Depreciation and amortization	1,336		—		1,336
Property and other taxes	177		—		177
Impairment of assets and other charges	6		—		6
Interest expense	492		1		493
Income tax expense (benefit)	194		(5)		189
Add: Other segment items(a)	138		7		145
Segment income (loss) / Net income	$	1,171	$	(7)	$	1,164
Capital expenditures	$	2,803	$	—	$	2,803
Segment assets	39,402		91		39,493


	Year Ended December 31, 2023
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	6,488	$	—	$	6,488
Less:
Fuel used in electric generation and purchased power	$	2,203	$	—	$	2,203
Operation, maintenance and other	1,342		37		1,379
Depreciation and amortization	1,266		—		1,266
Property and other taxes	164		—		164
Impairment of assets and other charges	29		—		29
Interest expense	427		—		427
Income tax expense (benefit)	158		(9)		149
Add: Other segment items(a)	128		(1)		127
Segment income (loss) / Net income	$	1,027	$	(29)	$	998
Capital expenditures	$	2,387	$	—	$	2,387
Segment assets	36,820		104		36,924


	Year Ended December 31, 2022
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	6,753	$	—	$	6,753
Less:
Fuel used in electric generation and purchased power	$	2,492	$	—	$	2,492
Operation, maintenance and other	1,447		28		1,475
Depreciation and amortization	1,187		—		1,187
Property and other taxes	190		—		190
Impairment of assets and other charges	5		2		7
Interest expense	354		—		354
Income tax expense (benefit)	165		(7)		158
Add: Other segment items(a)	119		(1)		118
Segment income (loss) / Net income	$	1,032	$	(24)	$	1,008
Capital expenditures	$	2,070	$	—	$	2,070
Segment assets	36,631		121		36,752

(a) Other segment items includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Duke Energy Florida

Segment Reporting Information [Line Items]

Business Segment Data

Duke Energy Florida has one reportable segment, EU&I.

EU&I generates, distributes and sells electricity in Florida. EU&I conducts operations primarily through Duke Energy Florida. The remainder of Duke Energy Florida's operations is presented as Other.


	Year Ended December 31, 2024
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	6,595	$	—	$	6,595
Less:
Fuel used in electric generation and purchased power	$	2,346	$	—	$	2,346
Operation, maintenance and other	1,043		12		1,055
Depreciation and amortization	1,057		—		1,057
Property and other taxes	440		—		440

Interest expense	457		—		457
Income tax expense (benefit)	271		(3)		268
Add: Other segment items(a)	86		3		89
Segment income (loss) / Net income	$	1,067	$	(6)	$	1,061
Capital expenditures	$	2,449	$	—	$	2,449
Segment assets	28,549		20		28,569


	Year Ended December 31, 2023
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	7,036	$	—	$	7,036
Less:
Fuel used in electric generation and purchased power	$	2,823	$	—	$	2,823
Operation, maintenance and other	1,212		27		1,239
Depreciation and amortization	885		—		885
Property and other taxes	480		—		480
Impairment of assets and other charges	(1)		—		(1)
Interest expense	413		—		413
Income tax expense (benefit)	268		(7)		261
Add: Other segment items(a)	82		(2)		80
Segment income (loss) / Net income	$	1,038	$	(22)	$	1,016
Capital expenditures	$	2,529	$	—	$	2,529
Segment assets	26,362		239		26,601


	Year Ended December 31, 2022
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	6,353	$	—	$	6,353
Less:
Fuel used in electric generation and purchased power	$	2,586	$	—	$	2,586
Operation, maintenance and other	948		19		967
Depreciation and amortization	955		—		955
Property and other taxes	421		—		421
Impairment of assets and other charges	—		4		4
Interest expense	362		—		362
Income tax expense (benefit)	231		(6)		225
Add: Other segment items(a)	86		(10)		76
Segment income (loss) / Net income	$	936	$	(27)	$	909
Capital expenditures	$	2,247	$	—	$	2,247
Segment assets	25,552		2		25,554

(a) Other segment items includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Duke Energy Ohio

Segment Reporting Information [Line Items]

Business Segment Data

Duke Energy Ohio has two reportable segments, EU&I and GU&I.

EU&I transmits and distributes electricity in portions of Ohio and generates, distributes and sells electricity in portions of Northern Kentucky. GU&I transports and sells natural gas in portions of Ohio and Northern Kentucky. Both reportable segments conduct operations primarily through Duke Energy Ohio and its wholly owned subsidiary, Duke Energy Kentucky. The remainder of Duke Energy Ohio's operations is presented as Other.


	Year Ended December 31, 2024
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable		Eliminations/
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total


Total revenues	$	1,905	$	640	$	2,545	—		$	2,545
Less:
Fuel used in electric generation and purchased power	$	538	$	—	$	538	$	—	$	538
Cost of natural gas	—		142		142		—		142
Operation, maintenance and other	366		109		475		10		485
Depreciation and amortization	273		131		404		(1)		403
Property and other taxes	306		94		400		—		400

Interest expense	126		68		194		(2)		192
Income tax expense (benefit)	47		18		65		(1)		64
Add: Other segment items(a)	15		5		20		—		20
Segment income (loss) / Net income	$	264	$	83	$	347	$	(6)	$	341


Capital expenditures	$	535	$	280	$	815	$	—	$	815
Segment assets	8,211		4,506		12,717		51		12,768


	Year Ended December 31, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable		Eliminations/
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total


Total revenues	$	1,868	$	639	$	2,507	$	—	$	2,507
Less:
Fuel used in electric generation and purchased power	$	608	$	—	608		$	—	608
Cost of natural gas	—		163		163		—		163
Operation, maintenance and other	351		118		469		9		478
Depreciation and amortization	257		110		367		—		367
Property and other taxes	294		70		364		—		364
Impairment of assets and other charges	2		—		2		1		3
Interest expense	116		53		169		—		169
Income tax expense (benefit)	42		23		65		(2)		63
Add: Other segment items(a)	29		14		43		(1)		42
Segment income (loss) / Net income	$	227	$	116	$	343	$	(9)	$	334


Capital expenditures	$	520	$	419	$	939	$	—	$	939
Segment assets	7,978		4,346		12,324		(108)		12,216


	Year Ended December 31, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable		Eliminations/
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total


Total revenues	$	1,798	$	716	$	2,514	$	—	$	2,514
Less:
Fuel used in electric generation and purchased power	$	657	$	—	$	657	$	—	$	657
Cost of natural gas	—		261		261		—		261
Operation, maintenance and other	345		170		515		8		523
Depreciation and amortization	221		103		324		—		324
Property and other taxes	288		81		369		—		369
Impairment of assets and other charges	1		(12)		(11)		1		(10)
Interest expense	86		43		129		—		129
Income tax expense (benefit)	24		(43)		(19)		(2)		(21)
Add: Other segment items(a)	13		8		21		(1)		20
Segment income (loss) / Net income	$	189	$	121	$	310	$	(8)	$	302


Capital expenditures	$	488	$	362	$	850	$	—	$	850
Segment assets	7,504		4,164		11,668		(162)		11,506

(a) Other segment items for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Duke Energy Indiana

Segment Reporting Information [Line Items]

Business Segment Data

Duke Energy Indiana has one reportable segment, EU&I.

EU&I generates, distributes and sells electricity in Indiana. EU&I conducts operations primarily through Duke Energy Indiana. The remainder of Duke Energy Indiana's operations is presented as Other.


	Year Ended December 31, 2024
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	3,040	$	—	$	3,040
Less:
Fuel used in electric generation and purchased power	$	964	$	—	$	964
Operation, maintenance and other	666		5		671
Depreciation and amortization	676		—		676
Property and other taxes	50		—		50

Interest expense	228		1		229
Income tax expense (benefit)	72		(1)		71
Add: Other segment items(a)	62		—		62
Segment income (loss) / Net income	$	446	$	(5)	$	441
Capital expenditures	$	935	$	—	$	935
Segment assets	15,726		1		15,727


	Year Ended December 31, 2023
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	3,399	$	—	$	3,399
Less:
Fuel used in electric generation and purchased power	$	1,217	$	—	$	1,217
Operation, maintenance and other	695		18		713
Depreciation and amortization	666		—		666
Property and other taxes	59		—		59
Impairment of assets and other charges	(1)		1		—
Interest expense	213		—		213
Income tax expense (benefit)	115		(5)		110
Add: Other segment items(a)	77		(1)		76
Segment income (loss) / Net income	$	512	$	(15)	$	497
Capital expenditures	$	961	$	—	$	961
Segment assets	14,966		(155)		14,811


	Year Ended December 31, 2022
	Electric
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	3,922	$	—	$	3,922
Less:
Fuel used in electric generation and purchased power	$	1,819	$	—	$	1,819
Operation, maintenance and other	719		10		729
Depreciation and amortization	645		—		645
Property and other taxes	75		—		75
Impairment of assets and other charges	387		1		388
Interest expense	189		—		189
Income tax expense (benefit)	(20)		(4)		(24)
Add: Other segment items(a)	38		(2)		36
Segment income (loss) / Net income	$	146	$	(9)	$	137
Capital expenditures	$	877	$	—	$	877
Segment assets	14,864		(210)		14,654

(a) Other segment items includes Gains on sales of other assets and other, net, and Other income and expenses, net.

Piedmont

Segment Reporting Information [Line Items]

Business Segment Data

Piedmont has one reportable segment, GU&I.

GU&I distributes and sells natural gas in North Carolina, South Carolina and Tennessee. GU&I conducts operations primarily through Piedmont. The remainder of Piedmont's operations is presented as Other.


	Year Ended December 31, 2024
	Gas
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	1,729	$	—	$	1,729
Less:
Cost of natural gas	$	423	$	—	$	423
Operation, maintenance and other	355		4		359
Depreciation and amortization	261		—		261
Property and other taxes	55		—		55

Interest expense	185		—		185
Income tax expense (benefit)	94		1		95
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates	—		8		8
Add: Other(a)	54		—		54
Segment income (loss) / Net income	$	410	$	3	$	413
Capital expenditures	$	1,025	$	—	$	1,025
Segment assets	11,707		92		11,799


	Year Ended December 31, 2023
	Gas
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	1,628	$	—	$	1,628
Less:
Cost of natural gas	$	430	$	—	$	430
Operation, maintenance and other	336		8		344
Depreciation and amortization	237		—		237
Property and other taxes	59		—		59
Impairment of assets and other charges	(4)		—		(4)
Interest expense	165		—		165
Income tax expense (benefit)	84		—		84
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates	—		9		9
Add: Other(a)	59		(2)		57
Segment income (loss) / Net income	$	380	$	(1)	$	379
Capital expenditures	$	1,036	$	—	$	1,036
Segment assets	10,978		89		11,067


	Year Ended December 31, 2022
	Gas
	Utilities and		Eliminations/
(in millions)	Infrastructure		Other		Total
Total revenues	$	2,124	$	—	$	2,124
Less:
Cost of natural gas	$	1,015	$	—	$	1,015
Operation, maintenance and other	360		8		368
Depreciation and amortization	222		—		222
Property and other taxes	57		—		57
Impairment of assets and other charges	—		18		18
Interest expense	140		—		140
Income tax expense (benefit)	43		(4)		39
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates	—		8		8
Add: Other(a)	47		3		50
Segment income (loss) / Net income	$	334	$	(11)	$	323
Capital expenditures	$	862	$	—	$	862
Segment assets	10,243		92		10,335

(a) Other includes Gains on sales of other assets and other, net, and Other income and expenses, net.