Exhibit

Exhibit 99.1

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 2, 2020, 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, 2019 to February 29, 2020

Payment Date: March 2, 2020


1.	Collections Allocable and Aggregate Amounts Available for the Current Payment Date:



i.	Remittances for the	September 2019	Collection Period	$	8,511,161.29
ii.	Remittances for the	October 2019	Collection Period	9,127,299.41
iii.	Remittances for the	November 2019	Collection Period	8,233,707.94
iv..	Remittances for the	December 2019	Collection Period	5,822,290.54
v.	Remittances for the	January 2020	Collection Period	5,662,201.01
vi.	Remittances for the	February 2020	Collection Period	5,484,548.18
vii.
viii.
ix.	Investment Earnings on Capital Subaccount			54,942.18
x.	Investment Earnings on Excess Funds Subaccount			6,790.84
xi.	Investment Earnings on General Subaccount			201,147.99
xii.	General Subaccount Balance (sum of i through xi above)			$	43,104,089.38
xiii.	Excess Funds Subaccount Balance as of prior Payment Date			1,022,990.12
xiv.	Capital Subaccount Balance as of prior Payment Date			6,471,450.00
xv.	Collection Account Balance (sum of xii through xiv above)			$	50,598,529.50

2. Outstanding Amounts as of prior Payment Date:



i.	Series A	2018	Outstanding Amount	$	12,697,061.00
ii.	Series A	2021	Outstanding Amount	150,000,000.00
iii.	Series A	2026	Outstanding Amount	436,000,000.00
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			$	1,123,987,061.00

3. Required Funding/Payments as of Current Payment Date:



	Principal		Principal Due
i.	Series A	2018	$	12,697,061.00
ii.	Series A	2021	16,278,042.00
iii.	Series A	2026	—
iv.	Series A	2032	—
v.	Series A	2035	—
vi.	All Series A Bonds		$	28,975,103.00

Exhibit 99.1



	Interest
	WAL		Interest Rate		Days in Interest Period	Principal Balance		Interest Due
v.	Series A	2018	1.196	%	180	$	12,697,061.00	$	75,928.00
vi.	Series A	2021	1.731	%	180	150,000,000.00		1,298,250.00
vii.	Series A	2026	2.538	%	180	436,000,000.00		5,532,840.00
viii.	Series A	2032	2.858	%	180	250,000,000.00		3,572,500.00
ix.	Series A	2035	3.112	%	180	275,290,000.00		4,283,512.40

x.	All Series A Bonds							$	14,763,030.40
						Required Level		Funding Required
xi.	Capital Account					$	6,471,450.00	$	—

4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:



i.	Trustee Fees and Expenses; Indemnity Amounts						$	—
ii.	Servicing Fee						323,572.50
iii.	Administration Fee						25,000.02
iv.	Operating Expenses						36,703.08

Series A Bonds			Aggregate		Per $1,000 of Original Principal Amount
v.	Semi-Annual Interest (including any past-due for prior periods)						$	14,763,030.40
1.	Series A	2018	$	75,928.00	$	0.41
2.	Series A	2021	1,298,250.00		8.66
3.	Series A	2026	5,532,840.00		12.69
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						$	28,975,103.00
1.	Series A	2018	$	12,697,061.00	$	69.38
2.	Series A	2021	16,278,042.00		108.52
3.	Series A	2026	—
4.	Series A	2032	—
5.	Series A	2035	—


viii.	Other unpaid Operating Expenses						$	—
ix.	Funding of Capital Subaccount (to required level)						(97,025.50		)
x.	Capital Subaccount Return to Duke Energy Florida						100,696.00
xi.	Withdrawals from Excess Funds Subaccount						(1,022,990.12		)
xii.	Released to Issuer upon Retirement of all Series Bonds						—
xiii.	Aggregate Remittances as of Current Payment Date						$	43,104,089.38

Exhibit 99.1


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	133,721,958.00
iii.	Series A	2026	436,000,000.00
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		$	1,095,011,958.00
vii.	Excess Funds Subaccount Balance		—
viii.	Capital Subaccount Balances		6,374,424.50
ix.	Aggregate Collection Account Balance		$	6,374,424.50

6. Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):



i.	Excess Funds Subaccount	$	1,022,990.12
ii.	Capital Subaccount	97,025.50
iii.	Total Withdrawals	$	1,120,015.62

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	$	97,025.50

Exhibit 99.1

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer’s Certificate.



Date:	February 21, 2020	DUKE ENERGY FLORIDA, LLC,
		as Servicer


	By:	/s/ Michael O'Keeffe
		Michael O'Keeffe
		Director, Electric Utilities and Infrastructure