Duke Energy Florida Project Finance LLC

03/11/2026 | Press release | Distributed by Public on 03/11/2026 11:38

Asset-Backed Issuer Distribution Report (Form 10-D)


SEMI-ANNUAL SERVICER'S CERTIFICATE
Pursuant to Section 4.01(c)(ii) of the Nuclear Asset-Recovery Property Servicing Agreement, dated as of June 22, 2016 (Servicing Agreement), by and between DUKE ENERGY FLORIDA, LLC, as servicer (Servicer), and Duke Energy Florida Project Finance, LLC, the Servicer does hereby certify, for the March 1, 2026, Payment Date (Current Payment Date), as follows:
Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates.
Collection Periods: September 1, 2025 to February 28, 2026
Payment Date: March 1, 2026
1.Collections Allocable and Aggregate Amounts Available for the Current Payment Date:
i. Remittances for the September 2025 Collection Period $ 7,052,076.66
ii. Remittances for the October 2025 Collection Period 8,731,398.77
iii. Remittances for the November 2025 Collection Period 6,789,232.77
iv.. Remittances for the December 2025 Collection Period 6,891,687.09
v. Remittances for the January 2026 Collection Period 4,579,840.13
vi. Remittances for the February 2026 Collection Period 6,597,563.84
vii.
viii.
ix. Investment Earnings on General Subaccount 453,693.20
x. Investment Earnings on Capital Subaccount 133,070.68
xi. Investment Earnings on Excess Funds Subaccount 33,164.67
xii. General Subaccount Balance (sum of i through xi above) $ 41,261,727.81
xiii. Excess Funds Subaccount Balance as of prior Payment Date 2,258,045.32
xiv. Capital Subaccount Balance as of prior Payment Date 6,471,450.00
xv. Collection Account Balance (sum of xii through xiv above) $ 49,991,223.13

2. Outstanding Amounts as of prior Payment Date:
i. Series A 2018 Outstanding Amount $ -
ii. Series A 2021 Outstanding Amount -
iii. Series A 2026 Outstanding Amount 255,676,143.00
iv. Series A 2032 Outstanding Amount 250,000,000.00
v. Series A 2035 Outstanding Amount 275,290,000.00
vi. Aggregate Outstanding Amount of all Series A Bonds $ 780,966,143.00

3. Required Funding/Payments as of Current Payment Date:
Principal Principal Due
i. Series A 2018 $ -
ii. Series A 2021 -
iii. Series A 2026 32,258,387.00
iv. Series A 2032 -
v. Series A 2035 -
vi. All Series A Bonds $ 32,258,387.00

Interest
WAL Interest Rate Days in Interest Period Principal Balance Interest Due
vii. Series A 2018 1.196 % 182 $ - $ -
viii. Series A 2021 1.731 % 182 - -
ix. Series A 2026 2.538 % 182 255,676,143.00 3,244,530.25
x. Series A 2032 2.858 % 182 250,000,000.00 3,572,500.00
xi. Series A 2035 3.112 % 182 275,290,000.00 4,283,512.40
xii. All Series A Bonds $ 11,100,542.65
Required Level Funding Required
xiii. Capital Account $ 6,471,450.00 $ 366,207.21
4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:
i. Trustee Fees and Expenses; Indemnity Amounts $ 13,075.00
ii. Servicing Fee 323,572.50
iii. Administration Fee 50,000.00
iv. Operating Expenses 40,536.19
Series A Bonds Aggregate Per $1,000 of Original Principal Amount
v. Semi-Annual Interest (including any past-due for prior periods) $ 11,100,542.65
1. Series A 2018 $ - $ -
2. Series A 2021 - -
3. Series A 2026 3,244,530.25 7.44
4. Series A 2032 3,572,500.00 14.29
5. Series A 2035 4,283,512.40 15.56
vi. Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date $ -
1. Series A 2018 $ - $ -
2. Series A 2021 - -
3. Series A 2026 - -
4. Series A 2032 - -
5. Series A 2035 - -
vii. Semi-Annual Principal $ 32,258,387.00
1. Series A 2018 $ - $ -
2. Series A 2021 - -
3. Series A 2026 32,258,387.00 73.99
4. Series A 2032 - -
5. Series A 2035 - -
viii. Other unpaid Operating Expenses $ -
ix. Funding of Capital Subaccount (to required level)
x. Capital Subaccount Return to Duke Energy Florida 99,867.00
xi. Deposits to Excess Funds Subaccount -
xii. Released to Issuer upon Retirement of all Series Bonds -
xiii. Aggregate Remittances as of Current Payment Date $ 43,885,980.34

5. Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):
i. Series A 2018 $ -
ii. Series A 2021 -
iii. Series A 2026 223,417,756.00
iv. Series A 2032 250,000,000.00
v. Series A 2035 275,290,000.00
vi. Aggregate Outstanding Amount of all Series A Bonds $ 748,707,756.00
vii. Excess Funds Subaccount Balance -
viii. Capital Subaccount Balances 6,105,242.79
ix. Aggregate Collection Account Balance $ 6,105,242.79
6. Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):
i. Excess Funds Subaccount $ 2,291,209.99
ii. Capital Subaccount 499,277.89
iii. Total Withdrawals $ 2,790,487.88
7. Shortfalls in Interest and Principal Payments as of Current Payment Date:
i. Semi-annual Interest
Series A 2018 $ -
Series A 2021 -
Series A 2026 -
Series A 2032 -
Series A 2035 -
Total $ -
ii. Semi-annual Principal
Series A 2018 $ -
Series A 2021 -
Series A 2026 -
Series A 2032 -
Series A 2035 -
Total $ -
8. Shortfalls in Payment of Return on Invested Capital as of Current Payment Date:
i. Return on Invested Capital $ -
9. Shortfalls in Required Subaccount Levels as of Current Payment Date:
i. Capital Subaccount $ 366,207.21

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer's Certificate.
Date: February 20, 2026 DUKE ENERGY FLORIDA, LLC,
as Servicer
By: /s/ NICHOLAS G. SPEROS
Nicholas G. Speros
Director, EUI Accounting - Carolinas

Duke Energy Florida Project Finance LLC published this content on March 11, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 11, 2026 at 17:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]