Fri, Mar 28, 6:57 PM (29 days ago)
**Duke Energy Progress NC Storm Funding LLC (DEPNCSF) Annual Report Summary (2024)** **Ticker:** Not listed **Financial Performance:** - DEPNCSF does not provide detailed financial statements in this filing, as it is a special purpose entity focused on storm funding. **Strategic Overview:** - DEPNCSF is a wholly-owned, bankruptcy-remote subsidiary of Duke Energy Progress, LLC, which is in turn a subsidiary of Duke Energy Corporation. - The entity is managed by executives from Duke Energy Progress and Duke Energy Corporation, with key roles held by Michael P. Callahan, Cynthia S. Lee, and Bernard J. Angelo. **Future Outlook:** - The outlook is not explicitly detailed, but the entity's structure and management suggest a focus on supporting Duke Energy Progress's storm recovery efforts. **Risk Factors:** - As a special purpose entity, DEPNCSF's risks are tied to its parent companies and the storm recovery funding structure. **Financial Condition:** - DEPNCSF does not pay compensation to its managers or executive officers, except for an annual fee of $3,500 to Global Securitization Services, LLC. **Market Position Changes:** - DEPNCSF is not a publicly traded entity, so market position changes do not apply. **Key Points:** - DEPNCSF is a special purpose entity focused on storm funding, managed by executives from Duke Energy Progress and Duke Energy Corporation. - The entity does not provide detailed financial statements or discuss market position changes. - DEPNCSF's risks and outlook are tied to its parent companies and the storm recovery funding structure.