Duke Energy Ohio, Inc.’s $400 Million Bond Offering

Hunton Andrews Kurth LLP advised Duke Energy Ohio, Inc. (the “Company”) on an SEC-registered offering of $400 million aggregate principal amount of the Company’s first mortgage bonds, 2.125% Series, due June 1, 2030.

The Company, an indirect wholly-owned subsidiary of Duke Energy Corporation, generates, transmits, distributes and sells electricity and transports and sells natural gas in portions of Ohio and Kentucky. As of December 31, 2019, the Company’s service area covers approximately 3,000 square miles and supplies electric service to 870,000 residential, commercial and industrial customers and provides transmission and distribution services for natural gas to approximately 542,000 customers. As of December 31, 2019, the Company’s asset portfolio includes approximately 1,076 megawatts of owned generation capacity, 19,400 miles of distribution lines and 1,746 miles of transmission lines.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Brendan P. Harney and S. Ashley Jaber. Robert J. McNamara and Tim Strother provided tax advice.