Duke Energy Carolinas issued $561,398,000 aggregate principal amount of Senior Secured Storm Recovery Bonds
The bonds are being sold under the Indenture dated November 25, 2025
The State of South Carolina pledged to bondholders not to alter the Financing Act provisions related to storm recovery property
Bond Issuance
DEC issued $561,398,000 in Senior Secured Storm Recovery Bonds
State Pledge
The State of South Carolina pledged not to alter provisions related to storm recovery property
Legislative Background
The Financing Act allows utilities to issue storm recovery bonds for lower-cost funds
- The Storm Recovery Bonds offer DEC a source of lower-cost funding for storm recovery expenses
- The State Pledge provides security and stability for bondholders and investors
The issuance of the Senior Secured Storm Recovery Bonds by Duke Energy Carolinas provides a sustainable financial solution for storm recovery, supported by the State of South Carolina's commitment to bondholders.