Green Bond Fact Sheet

This fact sheet details a USD 1 billion green bond issuance by Duke Energy Carolinas LLC on November 8, 2018, marking the largest green bond issuance by a US utility company. The proceeds are designated for solar energy projects and energy storage assets in North and South Carolina.

• Duke Energy Carolinas LLC issued a USD 1 billion senior secured green bond on November 8, 2018, with a maturity date of November 15, 2028, and a longest-dated tenor of 10 years.
• The issuance is noted as the largest green bond issued by a US utility company.
• Proceeds from the First and Refunding Mortgage Bonds are allocated to solar energy projects—including rooftop solar installation rebates and PPA agreements—and energy storage for grid assets, distributed assets, and pumped-storage at existing hydro facilities, all located in North and South Carolina.
• The issuer committed to providing information on the allocation of proceeds within one year of the prospectus supplement date, with updates occurring at least annually until the net proceeds are fully disbursed.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Duke%20Energy%20Carolinas%20LLC.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Duke%20Energy%20Carolinas%20LLC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 November 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Duke%20Energy%20Carolinas%20LLC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Duke%20Energy%20Carolinas%20LLC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }