Duke Energy Carolinas NC Storm Funding LLC, established in North Carolina, is a subsidiary of Duke Energy Corporation, focused on financing storm-related expenditures through bond offerings. The company primarily provides funding to support the utility's infrastructure and restoration efforts during and after severe weather events.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DUK 1.68% 2033-07-01 USDDuke Energy Carolinas NC Storm Funding LLC | New Caledonia | 2033-07-01 | 1.679 | 5.06 |
| DUK 2.62% 2043-07-01 USDDuke Energy Carolinas NC Storm Funding LLC | New Caledonia | 2043-07-01 | 2.617 | 5.07 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Duke Energy Carolinas NC Storm Funding LLC has issued bonds specifically designed to finance storm recovery, with notable issuances including the 2020 series that raised $350 million to address damages from hurricanes. These bonds often feature unique structures such as fixed interest rates and are aimed at maintaining a strong liquidity position during storm-related emergencies. The current yields on these bonds are competitive within the utility sector, reflecting the company's strategic positioning and commitment to resilience amid increasing weather challenges.