Duke Energy Progress subsidiary issues $460.6M in storm recovery bonds

DUKE ENERGY PROGRESS, LLC.

Issued $460,646,000 of Series A Senior Secured Storm Recovery Bonds on Sept 30, 2025.
Bonds are secured by nonbypassable storm recovery charges authorized by NC Utilities Commission.
Financing order from NCUC became final and non-appealable on August 19, 2025.
Legal opinion concludes state pledge creates contractual rights, supporting bondholder protections under Contract and Takings Clauses.

item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.