Duke Energy Florida, LLC’s $1 Billion Bond Offering

Time 1 Minute Read
June 21, 2018
News

Hunton Andrews Kurth LLP advised Duke Energy Florida, LLC (the “Company”) on an SEC-registered offering of $600 million aggregate principal amount of first mortgage bonds, 3.80% Series due 2028, and $400 million aggregate principal amount of first mortgage bonds, 4.20% Series due 2048.

The Company, an indirect wholly-owned subsidiary of Duke Energy Corporation, generates, transmits, distributes and sells electricity in portions of Florida. The Company’s service area covers approximately 13,000 square miles and supplies electric service to 1.8 million residential, commercial and industrial customers. As of December 31, 2017, the Company’s asset portfolio includes approximately 9,305 megawatts of owned generation capacity, 46,000 miles of distribution lines and 4,900 miles of transmission lines.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon and Andrew SpectorCary Tolley, Anna Page and Kimberly Nolte provided tax advice.

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