Duke Energy Utility Bond – North Carolina #duke #energy #bonds


North Carolina Duke Energy Utility Bond

*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call SuretyBonds.com at 1 (800) 308-4358 or click here to submit an online bond request form. Our experts will get you set up with the North Carolina utility bond you need for the lowest rate possible.

Why do I need this bond?

Duke Energy will accept this surety bond in lieu of a monetary security deposit. If the principal (utility customer) does not comply with the corporation’s rules and regulations and develops an accumulation of unpaid bills for electric services, this bond will be used to compensate Duke Energy for any resulting financial losses.

Apply for a free bond quote today! Our team of experts can typically get you a personalized bond quote within 1 business day of submitting your application.

What’s the fine print?

Duke Energy surety bonds are continuous until canceled. In fact, most surety bonds are automatically renewed annually. If the surety chooses to terminate this bond for any reason, 60 days’ written notice prior to termination must be given to the utility company.

The original bond form must be mailed to Duke Energy.

Ready to get started?

Get a FREE Duke Energy Utility Bond Quote Today!

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Duke Energy Florida LLC files registration statement for proposed initial public offering


Duke Energy Florida LLC files registration statement for proposed initial public offering of Series A Senior Secured Bonds

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ST. PETERSBURG, Fla. Duke Energy Florida LLC (DEF) announced today it has filed a registration statement, as depositor, with the Securities and Exchange Commission (SEC) for a proposed initial public offering of up to $1.3 billion aggregate principal amount of Series A Senior Secured Bonds to be issued by DEF s wholly owned subsidiary, Duke Energy Florida Project Finance, LLC (DEF Project Finance).

DEF Project Finance has been formed as a special purpose project finance subsidiary. Its limited purpose is to hold nuclear asset-recovery property and issue nuclear asset-recovery bonds secured by that property to finance certain activities of DEF related to the retirement of the Crystal River Nuclear Plant project.

DEF Project Finance intends to use the proceeds of the offering to:

  • Purchase nuclear asset-recovery property (which consists of all rights and interests under a financing order issued to DEF by the Florida Public Service Commission pursuant to a special Florida statute) from DEF, owner of the retired Crystal River Nuclear Plant project, which in turn will use the proceeds to pay down a portion of its outstanding short-term debt and/or to make an equity distribution to its parent, Duke Energy Corporation.
  • Pay upfront financing costs.

The offering of the bonds will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained by visiting EDGAR on the SEC website at http://www.sec.gov/Archives/edgar/data/37637/000104746916010074/a2227244zsf-1a.htm .

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

RBC Capital Markets and Guggenheim Securities will act as the joint book-running managers of the offering.

Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to approximately 1.7 million customers in a 13,000-square-mile service area.

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