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February 8, 2024
Lynn J. Good
Chief Executive Officer
Duke Energy Progress, LLC
411 Fayetteville Street
Raleigh, North Carolina 27601
Re:Duke Energy Progress, LLC
Duke Energy Progress SC Storm Funding LLC
Registration Statement on Form SF-1
Filed January 17, 2024
File Nos. 333-276553 and 333-276553-01
Dear Lynn J. Good:
            We have reviewed your registration statement and have the following comment(s).
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Registration Statement on Form SF-1
Cover Page
1.We note your footnote stating that "[i]nterest on the Bonds will accrue from, 2024 and
must be paid by the purchaser if the bonds are delivered after that date." Please revise
your form of prospectus to clarify the meaning of this statement and disclose the material
terms of any such obligation on the part of the purchaser to pay interest on the bonds.
2.We note your disclosure that that the bonds will be issued in one tranche. We also note
your disclosure on the cover page and on page 7 of the Prospectus Summary that the
bonds are scheduled to pay principal and interest "sequentially." Please revise your form
of prospectus as necessary to resolve this apparent discrepancy or tell us why these
statements are not contradictory.

 FirstName LastNameLynn J. Good
 Comapany NameDuke Energy Progress, LLC
 February 8, 2024 Page 2
 FirstName LastName
Lynn J. Good
Duke Energy Progress, LLC
February 8, 2024
Page 2
Prospectus Summary
The depositor, sponsor, seller and initial servicer of the bonds, page 8
3.We note your disclosure that Duke Energy Progress, LLC, as initial servicer and
administrator, will be entitled to receive reimbursement of out-of-pocket expenses in
addition to the annual servicing fee and the annual administration fee. The form of
prospectus does not appear to include accompanying disclosure for an understanding of
the expected amount of such out-of-pocket expenses or if there are any restrictions or
limits on such out-of-pocket expenses. Please revise your form of prospectus to include
such disclosure.
Risk Factors
DEP SC Storm Funding might issue additional series of storm recovery bonds, page 34
4.We note your disclosure that "some matters relating to the bonds" may require the vote of
the holders of all series of the bonds. We also note your disclosure on page 69 of your
form of prospectus that, as a condition to the issuance of additional storm recovery bonds,
Duke Energy Progress, LLC must serve as initial servicer and administrator for such
series of additional storm recovery bonds and that the servicer and the administrator
cannot be replaced without the requisite approval of the holders of all series of storm
recovery bonds then-outstanding. The form of prospectus does not appear to include
disclosure about any other material matters that may require the vote of the holders of all
series of bonds. Please revise your form of prospectus to include disclosure about any
other material matters that may require the vote of the holders of all series of bonds.
Description of the Storm Recovery Bonds
Allocations as Between Series, page 70
5.We note your disclosure that "[i]n the event a customer does not pay in full all amounts
owed under any bill including storm recovery charges, the servicer is required to allocate
partial payments ratably among the storm recovery charge, other similar securitization
charges and DEP's other billed amounts that is consistent with DEP's current process for
allocating partial payments." Please revise your form of prospectus to include disclosure
about DEP's current process for allocating partial payments.
Security for the Storm Recovery Bonds
Pledge of Collateral, page 88
6.We note that, in addition to the storm recovery property, the bonds will also be secured by
"the collection account, relating to the bonds and established under the indenture and the
series supplement, all subaccounts thereof and all amounts of cash, instruments,
investment property or other assets on deposit therein or credited thereto from time to time
and all financial assets and securities entitlements carried therein or credited
thereto." Please confirm whether any of the underlying collateral will consist of securities

 FirstName LastNameLynn J. Good
 Comapany NameDuke Energy Progress, LLC
 February 8, 2024 Page 3
 FirstName LastName
Lynn J. Good
Duke Energy Progress, LLC
February 8, 2024
Page 3
for purposes of Rule 190 under the Securities Act.
Intercreditor Agreement, page 117
7.Based on the disclosure in your form of prospectus, it appears that the rights of the holders
of the bonds are subject to the terms of the intercreditor agreement. Please file the
intercreditor agreement and the form of joinder to be entered into at the time of issuance
of the bonds as exhibits to your registration statement and add them to the List of Exhibits.
Refer to Item 601(b)(10) of Regulation S-K.
Part II - Information Not Required In Prospectus
Item 14. Exhibits, page II-2
8.Please file your remaining exhibits with your next amendment. Refer to Item 1100(f) of
Regulation AB and Instruction 1 to Item 601 of Regulation S-K.
9.We note that the Storm Recovery Charge True-up Mechanism Form included in Order
Exhibit No. 4 to Exhibit 99.1 is not legible. Please revise Exhibit 99.1 to ensure that the
text of the Storm Recovery Charge True-up Mechanism Form is legible.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            Please contact Brandon Figg at 202-551-3260 or Benjamin Meeks at 202-551-7146 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Structured Finance