Duke-Energy 2007_Stat_Supp

Contents

2 duke energy Corporation 12 CommerCial power

2 Consolidating statement of operations 12 segment earnings Before Interest and taxes
from Continuing operations
3 Consolidating Balance sheet - Assets
13 operating statistics
4 Consolidating Balance sheet - Liabilities
and Common stockholders’ equity
14 international energy

14 segment earnings Before Interest and taxes
5 u.s. franChised eleCtriC and gas
15 operating statistics
6 operating statistics (Carolinas)
16 CresCent
8 operating statistics (De Midwest)
10 operating statistics (De Midwest - electric)
11 operating statistics (De Midwest - Gas)

Contents

duke energy Corporation
Duke Energy Corporation
ConsoLIDAtInG stAteMentOF OPERATIONS
CONSOLIDATING STATEMENT of operAtIons

Year Ended
December 31,
U.S. Franchised Commercial International Eliminations/
2007
(In millions) Electric and Gas Power Energy Crescent Other Adjustments

OPERATING REVENUES
(31) $ 8,976
Regulated electric $ 9,007 $ - $ - $ - $ - $
3,024
Non-regulated electric, natural gas, and other 13 1,881 1,060 - 167 (97)
720
Regulated natural gas 720 - - - - -
12,720
Total operating revenues 9,740 1,881 1,060 - 167 (128)

OPERATING EXPENSES
3,946
Fuel used in electric generation and purchased power 2,602 982 362 - - -
3,324
Operation, maintenance and other 2,399 357 280 - 415 (127)
557
Cost of natural gas and coal sold 449 76 50 - (18) -
1,746
Depreciation and amortization 1,437 169 79 - 61 -
649
Property and other taxes 601 34 5 - 9 -
10,222
Total operating expenses 7,488 1,618 776 - 467 (127)
LOSSES ON SALES OF OTHER ASSETS AND OTHER, NET (5)
- (7) - - 2 -
OPERATING INCOME 2,493
2,252 256 284 - (298) (1)

OTHER INCOME AND EXPENSES
157
Equity in earnings of unconsolidated affiliates (2) 17 102 38 2 -
271
Other income and expenses, net 55 5 12 - (3) 202
428
Total other income and expenses 53 22 114 38 (1) 202
MINORITY INTEREST EXPENSE (a) - - 10 - (1)
EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS (EBIT) $ 2,305 $ 278 $ 388 $ 38 $ (298)

INTEREST EXPENSE 685
MINORITY INTEREST EXPENSE 2
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,234
INCOME TAX EXPENSE FROM CONTINUING OPERATIONS 712
INCOME FROM CONTINUING OPERATIONS 1,522
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX (22)
NET INCOME $ 1,500

(a) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes.

Consolidated Data 1

2
Consolidated data

ConsoLIDAtInG BALAnCe sheet - Assets
CONSOLIDATING BALANCE SHEET - ASSETS

December 31,
2007

CURRENT ASSETS
-$ 678
Cash and cash equivalents $ 52 $ 41 $ 460 $ -$ 125 $
437
Short-term investments - - - - 437 -
1,767
Receivables, net 488 1,979 173 (1) 2,205 (3,077)
1,012
Inventory 817 138 55 - 3 (1)
2
Assets held for sale 2 - - - - -
1,029
Other 296 75 37 - 637 (16)
4,925
Total current assets 1,655 2,233 725 (1) 3,407 (3,094)

INVESTMENTS AND OTHER ASSETS
696
Investments in unconsolidated affiliates 2 201 181 207 105 -
-
Investments and advances (from) to subsidiaries 610 (33) (140) 118 21,485 (22,040)
1,929
Nuclear decommissioning trust funds 1,929 - - - - -
4,642
Goodwill 3,478 871 293 - - -
720
Intangibles, net 88 593 35 - 5 (1)
153
Notes receivable - 117 36 - - -
115
Assets held for sale 115 - - - - -
2,953
Other 1,456 241 180 - 1,016 60
11,208
Total investments and other assets 7,678 1,990 585 325 22,611 (21,981)

PROPERTY, PLANT AND EQUIPMENT
46,056
Cost 37,966 4,634 2,861 - 595 -
14,946
Less accumulated depreciation and amortization 13,558 509 599 - 280 -
31,110
Net property, plant and equipment 24,408 4,125 2,262 - 315 -

REGULATORY ASSETS AND DEFERRED DEBITS
255
Deferred debt expense 253 (2) - - 4 -
552
Regulatory asset related to income taxes 552 - - - - -
1,654
Other 1,381 20 - - 253 -
2,461
Total regulatory assets and deferred debits 2,186 18 - - 257 -
TOTAL ASSETS 49,704
35,927 8,366 3,572 324 26,590 (25,075)

-
Intercompany balances 23 (1,522) 135 (118) (23,620) 25,102

REPORTABLE SEGMENT ASSETS $ 35,950 $ 6,844 $ 3,707 $ 206 $ 2,970 $ 27 $ 49,704

Consolidated Data 1

3
Consolidated data

ConsoLIDAtInG BALAnCe sheet - LIABILItIes AnD CoMMon stoCkhoLDers’ equIty
CONSOLIDATING BALANCE SHEET - LIABILITIES AND COMMON STOCKHOLDERS' EQUITY

December 31,
2007

CURRENT LIABILITIES
(2,740) $ 1,585
Accounts payable $ 1,093 $ 1,970 $ 44 $ - $ 1,218 $
742
Notes payable and commercial paper 332 134 8 - 585 (317)
383
Taxes accrued (prepaid) 346 (45) 30 117 (40) (25)
145
Interest accrued 124 9 10 - 17 (15)
114
Liabilities associated with assets held for sale 114 - - - - -
1,526
Current maturities of long-term debt 881 130 161 - 354 -
1,213
Other 503 87 91 - 528 4
5,708
Total current liabilities 3,393 2,285 344 117 2,662 (3,093)

LONG-TERM DEBT 9,498
7,542 1,098 857 - 2 (1)

DEFERRED CREDITS AND OTHER LIABILITIES
4,751
Deferred (prepaid) income taxes 3,731 732 119 (43) 212 -
161
Investment tax credit 161 - - - - -
3
Liabilities associated with assets held for sale 3 - - - - -
2,351
Asset retirement obligations 2,345 6 - - - -
5,852
Other 4,307 228 54 28 1,176 59
13,118
Total deferred credits and other liabilities 10,547 966 173 (15) 1,388 59

MINORITY INTERESTS 181
- - 124 - 57 -

1
Common stock 384 379 13 - 1 (776)
19,933
Additional paid-in capital 5,886 3,547 1,956 - 25,432 (16,888)
1,398
Retained earnings (deficit) 8,187 127 92 222 (2,832) (4,398)
(133)
Accumulated other comprehensive income (loss) (12) (36) 13 - (120) 22
21,199
Common stockholders' equity 14,445 4,017 2,074 222 22,481 (22,040)
TOTAL LIABILITIES AND COMMON STOCKHOLDERS' EQUITY 49,704
35,927 8,366 3,572 324 26,590 (25,075)

-
Intercompany balances 23 (1,522) 135 (118) (23,620) 25,102

REPORTABLE SEGMENT LIABILITIES AND COMMON STOCKHOLDERS' EQUITY $ 35,950 $ 6,844 $ 3,707 $ 206 $ 2,970 $ 27 $ 49,704

Consolidated Data 1

4
Consolidated data

U.S. Franchised Electric and Gas
u.s. franchised electric and gas
seGMent eArnInGs Before Interest AnD tAxes
SEGMENT EARNINGS BEFORE INTEREST AND TAXES

Years Ended December 31,
2007(a)
(In millions) 2006(a) 2005

TOTAL REGULATED ELECTRIC REVENUES $ 9,740 $ 8,098 $ 5,432

OPERATING EXPENSES
2,602
Fuel used in electric generation and purchased power 2,273 1,248
2,399
Operation, maintenance and other 2,034 1,442
449
Cost of natural gas and coal sold 230 -
1,437
Depreciation and amortization 1,280 962
601
Property and other taxes 502 307
7,488
Total operating expenses 6,319 3,959
GAINS (LOSSES) ON SALES OF OTHER ASSETS, NET - - 7
OPERATING INCOME 2,252 1,779 1,480
TOTAL OTHER INCOME AND EXPENSES, NET (b) 53 32 15
REPORTABLE SEGMENT EBIT $ 2,305 $ 1,811 $ 1,495

(a) Includes results of operations of former Cinergy regulated businesses from the date of acquisition (April 1, 2006) and thereafter.
(b) Includes equity allowance for funds used during construction of $69 million for 2007, $46 million for 2006 and $22 million for 2005.

Segment Earnings

5
segment earnings

franchised electric - Carolinas
operAtInG stAtIstICs
Franchised Electric - Carolinas
OPERATING STATISTICS

December 31,
2007 2006 2005

SOURCES OF ELECTRIC ENERGY (GWH)
Generated - net output:
47,404
Coal 44,722 46,572
40,486
Nuclear 40,423 40,545
309
Hydro 734 1,468
727
Oil & gas 263 74
88,926
Total generation 86,142 88,659
3,548
Purchased power and net interchange 1,878 2,609
92,474
Total sources of energy 88,020 91,268
5,870
Less: Line loss and company usage 5,368 5,991
TOTAL GWH SOURCES 86,604 82,652 85,277

ELECTRIC ENERGY SALES (GWH)
27,459
Residential 25,816 26,108
27,433
General service 26,031 25,679
Industrial:
5,224
Textile 5,791 6,561
18,724
Other 18,744 18,934
7,873
Other energy and wholesale 6,315 8,150
86,713
Total GWh sales billed 82,697 85,432
(109)
Unbilled GWh sales (45) (155)
TOTAL GWH SALES 86,604 82,652 85,277

Total Capability - Net MW (a)
(time of peak)
19,645
Summer 18,990 18,828
19,641
Winter 19,808 18,469

Peak Load - MW (b)
17,476
Summer 16,623 17,294
14,738
Winter 13,863 15,222

Nuclear Capacity Factor (%) (c) 92 90 94

System Load Factor (%) (b) 57 58 56

(a) Includes 12.5% of Catawba.
(b) Excludes the portion of the demand of the other joint owners of the Catawba Nuclear Station met by their retained ownership.
(c) Includes 100% of Catawba.

Operating Statistics 1

6
operating statistics

franchised electric - Carolinas
Franchised Electric - Carolinas

December 31,
2007 2006 2005

REVENUES FROM GENERATION, TRANSMISSION AND
DISTRIBUTION OF ELECTRICITY (IN MILLIONS)
$ 2,210
Residential $ 2,014 $ 1,989
1,791
General service 1,641 1,582
Industrial:
238
Textile 253 277
874
Other 838 821
446
Other energy and wholesale 354 534
5,559
Total billed 5,100 5,203
9
Unbilled 3 (4)
26
Other 15 (47)
TOTAL REVENUES $ 5,594 $ 5,118 $ 5,152

AVERAGE NUMBER OF CUSTOMERS (IN THOUSANDS)
1,980
Residential 1,940 1,901
329
General service 324 318
Industrial:
1
Textile 1 1
7
Other 6 6
8
Total industrial 7 7
13
Other energy 13 13
TOTAL AVERAGE NUMBER OF CUSTOMERS 2,330 2,284 2,239


7

franchised electric - de midwest
Franchised Electric - DE Midwest
Year ended 9 months ended
December 31, December 31,
2007 2006

SOURCES OF ELECTRIC ENERGY (GWH)
Generated - net output:
38,968
Coal 28,233
-
Nuclear -
351
Hydro 311
806
Oil & gas 451
40,125
Total generation 28,995
3,992
Purchased power and net interchange 2,219
44,117
Total sources of energy 31,214
1,429
Less: Line loss and company usage 1,037
TOTAL GWH SOURCES 42,688 30,177

ELECTRIC ENERGY SALES (GWH)
18,699
Residential 12,516
18,619
General service 13,399
Industrial:
-
Textile -
18,215
Other 13,887
8,968
Other energy and wholesale 5,855
64,501
Total GWh sales billed 45,657
69
Unbilled GWh sales 412
TOTAL GWH SALES 64,570 46,069

Total Capability - Net MW
(time of peak)
8,078
Summer 8,878
8,580
Winter 8,996

Peak Load - MW
8,633
Summer 8,580
7,498
Winter 7,111

System Load Factor (%) 61 58


8

franchised electric - de midwest
Franchised Electric - DE Midwest
2007 2006

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY AND GAS (IN MILLIONS)
$ 1,623
Residential $ 1,027
1,098
General service 755
Industrial:
-
Textile -
710
Other 559
345
Other energy and wholesale 210
3,776
Total billed 2,551
9
Unbilled 42
1
Other 1
TOTAL REVENUES $ 3,786 $ 2,594

AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS (IN THOUSANDS)
1,871
Residential 1,856
229
General service 228
Industrial:
-
Textile -
8
Other 8
8
Total industrial 8
4
Other energy 4
TOTAL AVERAGE NUMBER OF ELECTRIC AND GAS CUSTOMERS 2,112 2,096


9

franchised electric - de midwest electric
Franchised Electric - DE Midwest Electric
2007 2006

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRICITY (IN MILLIONS)
$ 1,160
Residential $ 795
891
General service 648
Industrial:
-
Textile -
677
Other 541
330
3,058
Total billed 2,183
8
Unbilled 24
-
Other electric -
TOTAL REVENUES $ 3,066 $ 2,207

AVERAGE NUMBER OF ELECTRIC CUSTOMERS (IN THOUSANDS)
1,401
Residential 1,390
183
General service 182
Industrial:
-
Textile -
6
Other 6
6
Total industrial 6
4
Other energy 4
TOTAL AVERAGE NUMBER OF ELECTRIC CUSTOMERS 1,594 1,582


10

franchised electric - de midwest gas
Franchised Electric - DE Midwest Gas
2007 2006

REVENUES FROM GENERATION, TRANSMISSION AND DISTRIBUTION OF GAS (IN MILLIONS)
$ 463
Residential $ 232
207
General service 107
Industrial:
-
Textile -
33
Other 18
15
718
Total billed 368
1
Unbilled 18
1
Other gas 1
TOTAL REVENUES $ 720 $ 387

AVERAGE NUMBER OF GAS CUSTOMERS (IN THOUSANDS)
470
Residential 466
46
General service 46
Industrial:
-
Textile -
2
Other 2
2
Total industrial 2
-
Other energy -
TOTAL AVERAGE NUMBER OF GAS CUSTOMERS 518 514


11

Commercial Power
Commercial power
seGMent SEGMENT Before Interest AnD tAxes froM ContInuInG operAtIons
eArnInGs EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS

2007 (a) (b)
(In millions) 2006 (a) (b) 2005

NON-REGULATED ELECTRIC, NATURAL GAS, AND OTHER REVENUES $ 1,881 $ 1,331 $ 148

OPERATING EXPENSES
982
Fuel used in electric generation and purchased power 767 104
357
Operation, maintenance and other 277 33
76
Cost of natural gas and coal sold 90 -
169
Depreciation and amortization 141 60
34
1,618
Total operating expenses 1,292 200
LOSSES ON SALES OF OTHER ASSETS, NET (7) (29) (70)
OPERATING INCOME (LOSS) 256 10 (122)

17
Equity in earnings of unconsolidated affiliates 21 -
5
Other income and expenses, net 16 4
22
Total other income and expenses 37 4
REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 278 $ 47 $ (118)

(a) Includes results of operations of former Cinergy non-regulated generation businesses from the date of acquisition (April 1, 2006) and thereafter.
(b) Excludes the results of synfuel operations, which were reclassified to discontinued operations in December 2007.

Segment Earnings 1

12
segment earnings

Commercial power
Commercial Power
operAtInG stAtIstICs (a)
OPERATING STATISTICS (a)

December 31,
2007 2006 2005

23,702
Actual plant production, gigawatt-hours (b) 17,640 1,759
8,019
Net proportional megawatt capacity in operation 8,100 3,600

(a) Includes results of operations of former Cinergy non-regulated generation businesses from the date of acquisition (April 1, 2006) and thereafter.
(b) Excludes the results of synfuel operations, which were reclassified to discontinued operations in December 2007.

13
Operating St

International Energy
international energy
seGMent eArnInGs Before Interest AnD tAxes froM ContInuInG operAtIons
SEGMENT EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS

2007
(In millions) 2006 2005

NON-REGULATED ELECTRIC, NATURAL GAS AND OTHER REVENUES $ 1,060 $ 943 $ 727

OPERATING EXPENSES
362
Fuel used in electric generation and purchased power 341 226
280
50
Cost of natural gas and coal sold 41 9
79
5
776
Total operating expenses 838 526
(LOSSES) GAINS ON SALES OF OTHER ASSETS, NET - (1) -
OPERATING INCOME 284 104 201

102
Equity in earnings of unconsolidated affiliates 80 114
-
Losses on sales and impairments of equity investments (17) (20)
12
114
MINORITY INTEREST EXPENSE (a) 10 17 8
REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 388 $ 163 $ 309

(a) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes.

Note: Certain 2006 and 2005 amounts have been recast due to the reclassification of Bolivia operations to discontinued operations.

Segment Earnings 1

14
segment earnings

international energy
International Energy
December 31,
2007 2006 2005

17,127
Sales, GWh 18,501 17,587
3,968
Net proportional megawatt capacity in operation (a) 3,922 3,863

(a) Excludes discontinued operations.

Note: Certain 2006 and 2005 amounts have been recast due to the reclassification of Bolivia operations to discontinued operations.

15
Opera

Crescent
Crescent
seGMent eArnInGs Before Interest AnD tAxes froM ContInuInG operAtIons
SEGMENT EARNINGS BEFORE INTEREST AND TAXES FROM CONTINUING OPERATIONS

2007 (a)
(In millions) 2006 (a) 2005

OPERATING REVENUES $ - $ 221 $ 495

OPERATING EXPENSES
-
-
-
-
Impairment and other related charges - 15
-
Total operating expenses 160 399
GAINS ON SALES OF INVESTMENTS IN COMMERCIAL AND MULTI-FAMILY REAL ESTATE - 201 191
GAINS ON SALES OF OTHER ASSETS AND OTHER, NET - 246 -
OPERATING INCOME - 508 287

38
Equity in earnings of unconsolidated affiliates 15 -
-
38
-
MINORITY INTEREST EXPENSE (b) 5 17
REPORTABLE SEGMENT EBIT FROM CONTINUING OPERATIONS $ 38 $ 532 $ 314

(a) Reflects Crescent as a consolidated entity for periods prior to September 7, 2006 and as an equity method investment for periods subsequent to September 7, 2006.
(b) Includes minority interest expense related to EBIT and excludes minority interest expense related to interest and taxes.

Segment Earnings 1

16
segment earnings

Duke-Energy 2007_Stat_Supp

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