Duke Energy Carolinas Files 8-K

TL;DR

Duke Energy Carolinas filed an 8-K on 9/25/25. Check for financial updates.

AI Summary

Duke Energy Carolinas, LLC filed an 8-K on September 25, 2025, reporting other events and financial statements. The filing includes information related to Duke Energy Carolinas NC Storm Funding II LLC, with business operations located at 525 South Tryon Street, Charlotte, NC.

Why It Matters

This filing provides updates on Duke Energy Carolinas' corporate activities and financial reporting, which could impact investors and stakeholders.

Risk Assessment

Risk Level: low — The filing is a routine 8-K reporting other events and financial statements, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• Duke Energy Carolinas, LLC (company) — Filer
• Duke Energy Carolinas NC Storm Funding II LLC (company) — Related Entity
• 525 SOUTH TRYON STREET (location) — Business Address
• CHARLOTTE (location) — City
• NC (location) — State

FAQ

Key Financial Figures

• $582,089,000 — ith respect to the purchase and sale of $582,089,000 of Series A Senior Secured Storm Recove

Filing Documents

• tm2521130d13_8k.htm (8-K) — 45KB
• tm2521130d13_ex1-1.htm (EX-1.1) — 241KB
• tm2521130d13_ex3-2.htm (EX-3.2) — 257KB
• tm2521130d13_ex4-1.htm (EX-4.1) — 1026KB
• tm2521130d13_ex4-2.htm (EX-4.2) — 203KB
• tm2521130d13_ex10-1.htm (EX-10.1) — 471KB
• tm2521130d13_ex10-2.htm (EX-10.2) — 151KB
• tm2521130d13_ex10-3.htm (EX-10.3) — 58KB
• tm2521130d13_ex10-4.htm (EX-10.4) — 78KB
• tm2521130d13_ex10-5.htm (EX-10.5) — 25KB
• 0001104659-25-093430.txt ( ) — 3197KB
• duk-20250922.xsd (EX-101.SCH) — 3KB
• duk-20250922_def.xml (EX-101.DEF) — 26KB
• duk-20250922_lab.xml (EX-101.LAB) — 35KB
• duk-20250922_pre.xml (EX-101.PRE) — 24KB
• tm2521130d13_8k_htm.xml (XML) — 7KB

01. Other Events

Item 8.01. Other Events On September 23, 2025, Duke Energy Carolinas, LLC (the "Utility") and Duke Energy Carolinas NC Storm Funding II LLC (the "Issuing Entity") entered into an Underwriting Agreement (the "Underwriting Agreement") with RBC Capital Markets, LLC and Barclays Capital Inc. as representatives of the underwriters with respect to the purchase and sale of $582,089,000 of Series A Senior Secured Storm Recovery Bonds (the "Storm Recovery Bonds"), to be issued by the Issuing Entity pursuant to an Indenture by and among the Issuing Entity and U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary and Account Bank, to be dated as of September 30, 2025 as supplemented by the Series Supplement to be dated as of September 30, 2025 (together, the "Indenture"), which are annexed hereto as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K. The Storm Recovery Bonds were offered pursuant to the prospectus dated September 23, 2025 (the "Prospectus"). In connection with the issuance of the Storm Recovery Bonds, the Utility and the Issuing Entity also expect to enter into a Storm Recovery Property Servicing Agreement, Storm Recovery Property Purchase and Sale Agreement, Administration Agreement, Intercreditor Agreement and Joinder to an existing amended and restated intercreditor agreement, dated December 20, 2013, which together with the Underwriting Agreement, are annexed hereto as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5, respectively, to this Current Report on 8-K. Additionally, effective as of September 22, 2025, the Issuing Entity adopted an Amended and Restated Limited Liability Company Agreement (the "A&R LLC Agreement") in connection with the issuance of the Storm Recovery Bonds. The A&R LLC Agreement, which is described in the Prospectus, was previously approved by the Utility, the sole member of the Issuing Entity. The description of the A&R LLC Agreement in th

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement among Duke Energy Carolinas NC Storm Funding II LLC, Duke Energy Carolinas, LLC, RBC Capital Markets, LLC and Barclays Capital Inc., dated September 23, 2025 3.2 Amended and Restated Limited Liability Company Agreement, dated as of September 22, 2025, of Duke Energy Carolinas NC Storm Funding II LLC 4.1 Form of Indenture by and among Duke Energy Carolinas NC Storm Funding II LLC, U.S. Bank Trust Company, National Association, as indenture trustee and U.S. Bank National Association, as securities intermediary and account bank (including forms of the Senior Secured Storm Recovery Bonds) to be dated as of September 30, 2025 4.2 Form of Series Supplement between Duke Energy Carolinas NC Storm Funding II LLC and the Indenture Trustee, to be dated as of September 30, 2025 10.1 Form of Storm Recovery Property Servicing Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Servicer, to be dated as of September 30, 2025 10.2 Form of Storm Recovery Property Purchase and Sale Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Seller, to be dated as of September 30, 2025 10.3 Form of Administration Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Administrator, to be dated as of September 30, 2025 10.4 Form of Amended and Restated Intercreditor Agreement, among Duke Energy Carolinas, LLC, Duke Energy Carolinas NC Storm Funding II LLC, Duke Energy Carolinas NC Storm Funding, LLC, U.S. Bank Trust Company, National Association (as trustee for the Issuing Entity), and The Bank Of New York Mellon Trust Company, National Association (as trustee for Duke Energy Carolinas NC Storm Funding LLC), to be dated September 30, 2025 10.5 Form of Joinder Agreement to the Amended and Restated Intercreditor

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. DUKE ENERGY CAROLINAS, LLC By: /s/ Elizabeth H. Jones Elizabeth H. Jones Dated: September 25, 2025 Assistant Secretary DUKE ENERGY CAROLINAS NC STORM FUNDING II LLC By: /s/ Elizabeth H. Jones Elizabeth H. Jones Dated: September 25, 2025 Secretary

View Full Filing

View this 8-K filing on SEC EDGAR