Hunton & Williams LLP advised Duke Energy Florida, LLC (the “Company”) on an SEC-registered offering of $250 million aggregate principal amount of first mortgage bonds, 1.85% Series due 2020, and $650 million aggregate principal amount of first mortgage bonds, 3.20% Series due 2027.
The Company, an indirect wholly-owned subsidiary of Duke Energy Corporation, generates, transmits, distributes and sells electricity in portions of Florida. The Company’s service area covers approximately 13,000 square miles and supplies electric service to 1.7 million residential, commercial and industrial customers. As of December 31, 2015, the Company’s asset portfolio includes approximately 9,101 megawatts of owned generation capacity, 42,400 miles of distribution lines and 5,200 miles of transmission lines.
The Hunton & Williams LLP team included Pete O’Brien, Christina Kwon, Andrew Spector and Soyung Kang. Cary Tolley and Anna Page provided tax advice.