Duke Energy Carolinas issued $561,398,000 in Senior Secured Storm Recovery Bonds.
The bonds are issued under the Indenture dated November 25, 2025.
Legislation in South Carolina allows public utilities to issue storm recovery bonds for lower-cost funding.
Bond Issuance
Issuance of $561,398,000 Senior Secured Storm Recovery Bonds by Duke Energy Carolinas SC Storm Funding LLC.
Legislation Impact
South Carolina legislation allows access to lower-cost funds through storm recovery bonds.
State Pledge
State of South Carolina pledges not to alter provisions that authorize storm recovery charges.
- The legislation in South Carolina provides a framework for public utilities like Duke Energy Carolinas to secure lower-cost funding through storm recovery bonds.
- The State Pledge assures bondholders of the non-alteration of storm recovery provisions for the security of investments.
The issuance of Senior Secured Storm Recovery Bonds by Duke Energy Carolinas showcases the utility's commitment to financial stability amidst storm recovery challenges.