Duke Energy Progress NC Storm Funding LLC, established in North Carolina, is a subsidiary of Duke Energy Corporation, dedicated to managing and financing storm recovery efforts in the region. The company focuses on issuing bonds specifically to fund the costs associated with restoring utility services after severe weather events, ensuring community resilience and reliability.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DUK 1.30% 2030-07-01 USDDuke Energy Progress NC Storm Funding LLC | United States | 2030-07-01 | 1.295 | 4.35 |
| DUK 2.39% 2039-07-01 USDDuke Energy Progress NC Storm Funding LLC | United States | 2039-07-01 | 2.387 | 4.81 |
| DUK 2.80% 2043-07-01 USDDuke Energy Progress NC Storm Funding LLC | United States | 2043-07-01 | 2.799 | 5.11 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The issuer began its bond issuance shortly after its formation, and has since raised significant capital through a series of bond offerings. Notable issuances include $450 million in green bonds aimed at financing climate-resilient infrastructure. Current yields on these bonds are competitive, reflecting a strong position in the utility sector, and incorporate unique features like renewable energy incentives. Recent news highlights a successful bond sale aimed at mitigating storm-related damages, further underscoring the company's commitment to sustainable energy solutions.