Duke Energy Carolinas Files 8-K

TL;DR

Duke Energy Carolinas filed an 8-K. Nothing major to see here, just routine disclosures.

AI Summary

Duke Energy Carolinas, LLC, through its subsidiary Duke Energy Carolinas NC Storm Funding II LLC, filed an 8-K on September 30, 2025. The filing pertains to other events and financial statements, with no specific dollar amounts or new material events detailed in the provided text.

Why It Matters

This filing indicates routine corporate activity and disclosure for Duke Energy Carolinas and its subsidiary, Duke Energy Carolinas NC Storm Funding II LLC.

Risk Assessment

Risk Level: low — The filing appears to be routine and does not disclose any significant new risks or material adverse events.

Key Players & Entities

• Duke Energy Carolinas, LLC (company) — Filer
• Duke Energy Carolinas NC Storm Funding II LLC (company) — Filer
• 525 SOUTH TRYON STREET (location) — Business Address
• CHARLOTTE (location) — City
• NC (location) — State
• 28202 (location) — ZIP Code

FAQ

Key Financial Figures

• $582,089,000 — ng II LLC (the "Issuing Entity") issued $582,089,000 of Series A Senior Secured Storm Recove

Filing Documents

• tm2521130d14_8k.htm (8-K) — 44KB
• tm2521130d14_ex4-1.htm (EX-4.1) — 1026KB
• tm2521130d14_ex4-2.htm (EX-4.2) — 203KB
• tm2521130d14_ex5-1.htm (EX-5.1) — 11KB
• tm2521130d14_ex10-1.htm (EX-10.1) — 471KB
• tm2521130d14_ex10-2.htm (EX-10.2) — 151KB
• tm2521130d14_ex10-3.htm (EX-10.3) — 58KB
• tm2521130d14_ex10-4.htm (EX-10.4) — 78KB
• tm2521130d14_ex10-5.htm (EX-10.5) — 25KB
• tm2521130d14_ex99-1.htm (EX-99.1) — 161KB
• tm2521130d14_ex5-1img001.jpg (GRAPHIC) — 3KB
• tm2521130d14_ex99-1img002.jpg (GRAPHIC) — 3KB
• 0001104659-25-095126.txt ( ) — 2819KB
• duk-20250930.xsd (EX-101.SCH) — 3KB
• duk-20250930_def.xml (EX-101.DEF) — 26KB
• duk-20250930_lab.xml (EX-101.LAB) — 35KB
• duk-20250930_pre.xml (EX-101.PRE) — 24KB
• tm2521130d14_8k_htm.xml (XML) — 7KB

01. Other Events

Item 8.01. Other Events On September 30, 2025, Duke Energy Carolinas NC Storm Funding II LLC (the "Issuing Entity") issued $582,089,000 of Series A Senior Secured Storm Recovery Bonds (the "Storm Recovery Bonds"), 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, dated as of September 30, 2025 as supplemented by the Series Supplement dated as of September 30, 2025 (together, the "Indenture"), each of which are annexed hereto as Exhibits 4.1 and 4.2, respectively. The Storm Recovery Bonds were offered pursuant to the prospectus dated September 23, 2025. In connection with this issuance of the Storm Recovery Bonds, Duke Energy Carolinas, LLC and the Issuing Entity entered into the Storm Recovery Property Servicing Agreement, Storm Recovery Property Purchase and Sale Agreement, Administration Agreement, the Intercreditor Agreement and Joinder Agreement, each dated as of September 30, 2025, which are annexed hereto as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5, respectively.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 4.1 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) dated as of September 30, 2025 4.2 Series Supplement between Duke Energy Carolinas NC Storm Funding II LLC and the Indenture Trustee, dated as of September 30, 2025 5.1 Opinion of Hunton Andrews Kurth LLP with respect to legality 10.1 Storm Recovery Property Servicing Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Servicer, dated as of September 30, 2025 10.2 Storm Recovery Property Purchase and Sale Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Seller, dated as of September 30, 2025 10.3 Administration Agreement between Duke Energy Carolinas NC Storm Funding II LLC and Duke Energy Carolinas, LLC, as Administrator, dated as of September 30, 2025 10.4 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), dated September 30, 2025 10.5 Joinder Agreement to the Amended and Restated Intercreditor Agreement, dated December 20, 2013, between Duke Energy Carolinas NC Storm Funding II LLC and U.S. Bank Trust Company, National Association, dated September 30, 2025 23.1 Consent of Hunton Andrews Kurth LLP (included as part of its opinions filed as Exhibit 5.1 and Exhibit 99.1 ) 99.1 Opinion of Hunton Andrews Kurth LLP with respect to U.S. and North Carolina constituti

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 30, 2025 Assistant Secretary DUKE ENERGY CAROLINAS NC STORM FUNDING II LLC By: /s/ Elizabeth H. Jones Elizabeth H. Jones Dated: September 30, 2025 Secretary

View Full Filing

View this 8-K filing on SEC EDGAR