Duke Energy Carolinas issues $582M in storm recovery bonds to fund storm costs

Duke Energy Carolinas NC Storm Funding II LLC

Duke Energy Carolinas NC Storm Funding II LLC to issue $582,089,000 in Series A Senior Secured Storm Recovery Bonds.
Underwriting agreement with RBC Capital Markets and Barclays Capital; bonds expected to close September 30, 2025.
Proceeds will finance storm recovery costs authorized under North Carolina Storm Recovery Law and Financing Order.
Storm recovery charges will be collected from customers to repay the bonds through a special property mechanism.

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