Hunton Andrews Kurth Represents Duke Energy Carolinas, LLC in its $850 Million First Mortgage Bonds Offerings

Hunton Andrews Kurth LLP advised Duke Energy Carolinas, LLC (the “Company”) on SEC-registered offerings of (i) $350 million aggregate principal amount of First and Refunding Mortgage Bonds, 4.95% Series due 2033 and (ii) $500 million aggregate principal amount of First and Refunding Mortgage Bonds, 5.40% Series due 2054. The $350 million issuance of the 4.95% Series due 2033 constituted a reopening of the 4.95% Series due 2033 originally issued on January 6, 2023. The transaction closed on June 15, 2023.

The Company, a North Carolina limited liability company and a 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 North Carolina and South Carolina. The Company’s service area covers approximately 24,000 square miles and supplies electric service to approximately 2.8 million residential, commercial and industrial customers. As of December 31, 2022, the Company’s asset portfolio included approximately 19,492 megawatts of owned generation capacity, 108,500 miles of distribution lines and 13,000 miles of transmission lines.

The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney, Reuben H. Pearlman and Thomas C. White. Robert McNamara, William Freeman and Drew Hermiller provided tax advice.