Hunton Andrews Kurth advised Duke Energy Carolinas, LLC on the deal.
Duke Energy Carolinas, LLC (the “Company”) announced SEC-registered offerings of $550 million aggregate principal amount of First and Refunding Mortgage Bonds, 2.55% Series due 2031 and $450 million aggregate principal amount of First and Refunding Mortgage Bonds, 3.45% Series due 2051.
The Company, a wholly-owned subsidiary of Duke Energy Corporation, generates, transmits, distributes and sells 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 2.7 million residential, commercial and industrial customers. As of December 31, 2020, the Company’s asset portfolio included approximately 20,280 megawatts of owned generation capacity, 107,000 miles of distribution lines and 13,100 miles of transmission lines.
The Hunton Andrews Kurth team included Pete O’Brien (Picture), Christina Kwon, Brendan P. Harney and Flavia Vehbiu. Robert McNamara and Tim Strother provided tax advice.
Involved fees earner: Brendan Harney – Hunton Andrews Kurth; Christina Kwon – Hunton Andrews Kurth; Robert McNamara – Hunton Andrews Kurth; Peter O’Brien – Hunton Andrews Kurth; Tim Strother – Hunton Andrews Kurth; Flavia Vehbiu – Hunton Andrews Kurth;
Law Firms: Hunton Andrews Kurth;
Clients: Duke Energy Carolinas, LLC;