Duke Energy Ohio, Inc.’s $250 Million Bond Offering

Hunton & Williams LLP advised Duke Energy Ohio, Inc. (the “Company”) on an SEC-registered offering of $250 million aggregate principal amount of first mortgage bonds, 3.70% series due June 15, 2046.

The Company, a 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. The Company’s service area covers approximately 3,000 square miles and supplies electric service to 840,000 residential, commercial and industrial customers and provides transmission and distribution services for natural gas to approximately 525,000 customers. As of December 31, 2015, the Company’s asset portfolio includes approximately 1,062 megawatts of owned generation capacity, 19,600 miles of distribution lines and 2,400 miles of transmission lines.

The Hunton & Williams LLP team included Pete O’Brien, Christina Kwon and Andrew Spector. Cary Tolley and Emily Winbigler provided tax advice.