Hunton Andrews Kurth Advises Duke Energy Florida, LLC on its Offering of $500 Million Aggregate Principal Amount of First Mortgage Bonds

Hunton Andrews Kurth LLP advised Duke Energy Florida, LLC (the “Company”) on a SEC-registered offering of $500 million aggregate principal amount of First Mortgage Bonds, 5.95% Series due 2052.

The Company, a Florida limited liability company and an indirect wholly-owned subsidiary of Duke Energy Corporation, is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. The Company’s service area covers approximately 13,000 square miles and supplies electric service to 1.9 million residential, commercial and industrial customers. As of December 31, 2021, the Company’s asset portfolio included approximately 10,288 megawatts of owned generation capacity, 46,700 miles of distribution lines and 5,000 miles of transmission lines.

The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.