SEC Comment Letter 0000000000-25-010704 to Duke Energy Carolinas SC Storm Funding LLC (CIK 0002082860)
Duke Energy Carolinas SC Storm Funding LLC (CIK 0002082860)
Date: Sept. 30, 2025 · CIK: 0002082860 · Accession: 0000000000-25-010704
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-290125
Letter
Re: Duke Energy Carolinas, LLC Duke Energy Carolinas SC Storm Funding LLC Registration Statement on Form SF-1 Filed September 9, 2025 File Nos. 333-290125 and 333-290125-01 Dear Harry K. Sideris and Michael P. Callahan:
September 30, 2025
Harry K. Sideris Chief Executive Officer Duke Energy Carolinas, LLC 525 South Tryon Street Charlotte, North Carolina 28202
Michael P. Callahan Manager, President, Chief Financial Officer and Treasurer Duke Energy Carolinas SC Storm Funding LLC 525 South Tryon Street Charlotte, North Carolina 28202
We have reviewed your registration statement and have the following comments.
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 Form of Prospectus Security for the Storm Recovery Bonds Pledge of Collateral, page 87
1. We note that, in addition to the 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, September 30, 2025 Page 2
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 for purposes of Securities Act Rule 190. Part II-Information Not Required in Prospectus Item 14. Exhibits, page II-2
2. Please file your remaining exhibits with your next amendment. Refer to Item 1100(f) of Regulation AB and Item 601 of Regulation S-K. 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 Donial Dastgir at 202-551-3039 or Kayla Roberts at 202-551-3490 with any questions.
Sincerely,
Division of
Corporation Finance
Office of
Structured Finance
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> September 30, 2025 Harry K. Sideris Chief Executive Officer Duke Energy Carolinas, LLC 525 South Tryon Street Charlotte, North Carolina 28202 Michael P. Callahan Manager, President, Chief Financial Officer and Treasurer Duke Energy Carolinas SC Storm Funding LLC 525 South Tryon Street Charlotte, North Carolina 28202 Re: Duke Energy Carolinas, LLC Duke Energy Carolinas SC Storm Funding LLC Registration Statement on Form SF-1 Filed September 9, 2025 File Nos. 333-290125 and 333-290125-01 Dear Harry K. Sideris and Michael P. Callahan: We have reviewed your registration statement and have the following comments. 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 Form of Prospectus Security for the Storm Recovery Bonds Pledge of Collateral, page 87 1. We note that, in addition to the 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, September 30, 2025 Page 2 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 for purposes of Securities Act Rule 190. Part II-Information Not Required in Prospectus Item 14. Exhibits, page II-2 2. Please file your remaining exhibits with your next amendment. Refer to Item 1100(f) of Regulation AB and Item 601 of Regulation S-K. 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 Donial Dastgir at 202-551-3039 or Kayla Roberts at 202-551-3490 with any questions. Sincerely, Division of Corporation Finance Office of Structured Finance </TEXT> </DOCUMENT>