EX-99.1 2 defpf-20210301xexhibit991.htm EX-99.1 Document
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 1, 2021, 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, 2020 to February 28, 2021
Payment Date: March 1, 2021
1.Collections Allocable and Aggregate Amounts Available for the Current Payment Date:
i.Remittances for theSeptember 2020Collection Period$8,699,115.75 
ii.Remittances for theOctober 2020Collection Period8,706,180.05 
iii.Remittances for theNovember 2020Collection Period6,183,032.36 
iv..Remittances for theDecember 2020Collection Period8,233,340.12 
v.Remittances for theJanuary 2021Collection Period5,192,899.88 
vi.Remittances for theFebruary 2021Collection Period6,334,177.81 
vii.
viii.
ix.Investment Earnings on Capital Subaccount587.73 
x.Investment Earnings on Excess Funds Subaccount55.26 
xi.Investment Earnings on General Subaccount2,348.04 
xii.General Subaccount Balance (sum of i through xi above)$43,351,737.00 
xiii.Excess Funds Subaccount Balance as of prior Payment Date692,895.35 
xiv.Capital Subaccount Balance as of prior Payment Date6,471,450.00 
xv.Collection Account Balance (sum of xii through xiv above)$50,516,082.35 

2.     Outstanding Amounts as of prior Payment Date:
i.Series A2018Outstanding Amount$— 
ii.Series A2021Outstanding Amount107,883,912.00 
iii.Series A2026Outstanding Amount436,000,000.00 
iv.Series A2032Outstanding Amount250,000,000.00 
v.Series A2035Outstanding Amount275,290,000.00 
vi.Aggregate Outstanding Amount of all Series A Bonds$1,069,173,912.00 
3.     Required Funding/Payments as of Current Payment Date:
PrincipalPrincipal Due
i.Series A2018$— 
ii.Series A202129,410,703.00 
iii.Series A2026— 
iv.Series A2032— 
v.Series A2035— 
vi.All Series A Bonds$29,410,703.00 


Exhibit 99.1
Interest
WALInterest RateDays in Interest PeriodPrincipal BalanceInterest Due
v.Series A20181.196 %181 $— $— 
vi.Series A20211.731 %181 107,883,912.00 933,735.00 
vii.Series A20262.538 %181 436,000,000.00 5,532,840.00 
viii.Series A20322.858 %181 250,000,000.00 3,572,500.00 
ix.Series A20353.112 %181 275,290,000.00 4,283,512.40 
x.All Series A Bonds$14,322,587.40 
Required LevelFunding 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 Fee323,572.50 
iii.Administration Fee25,000.02 
iv.Operating Expenses111,413.96 
Series A BondsAggregatePer $1,000 of Original Principal Amount
v.Semi-Annual Interest (including any past-due for prior periods)$14,322,587.40 
1.Series A2018$— $— 
2.Series A2021933,735.00 6.22 
3.Series A20265,532,840.00 12.69 
4.Series A20323,572,500.00 14.29 
5.Series A20354,283,512.40 15.56 
vi.Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date$ 
1.Series A2018$— $— 
2.Series A2021— — 
3.Series A2026— — 
4.Series A2032— — 
5.Series A2035— — 
vii.Semi-Annual Principal$29,410,703.00 
1.Series A2018$— $— 
2.Series A202129,410,703.00 196.07 
3.Series A2026— 
4.Series A2032— 
5.Series A2035— 
viii.Other unpaid Operating Expenses$— 
ix.Funding of Capital Subaccount (to required level)(249,340.53)
x.Capital Subaccount Return to Duke Energy Florida100,696.00 
xi.Deposits to Excess Funds Subaccount (692,895.35)
xii.Released to Issuer upon Retirement of all Series Bonds— 
xiii.Aggregate Remittances as of Current Payment Date$43,351,737.00 


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 A2018$— 
ii.Series A202178,473,209.00 
iii.Series A2026436,000,000.00 
iv.Series A2032250,000,000.00 
v.Series A2035275,290,000.00 
vi.Aggregate Outstanding Amount of all Series A Bonds$1,039,763,209.00 
vii.Excess Funds Subaccount Balance— 
viii.Capital Subaccount Balances6,222,109.47 
ix.Aggregate Collection Account Balance$6,222,109.47 
6.    Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):
i.Excess Funds Subaccount$692,895.35 
ii.Capital Subaccount249,340.53 
iii.Total Withdrawals$942,235.88 
7.    Shortfalls in Interest and Principal Payments as of Current Payment Date:
i.Semi-annual Interest
Series A2018$— 
Series A2021— 
Series A2026— 
Series A2032— 
Series A2035— 
Total$ 
ii.Semi-annual Principal
Series A2018$— 
Series A2021— 
Series A2026— 
Series A2032— 
Series A2035— 
Total$ 
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$249,340.53 


Exhibit 99.1
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer’s Certificate.
Date:February 19, 2021DUKE ENERGY FLORIDA, LLC,
as Servicer
By:/s/ Michael O'Keeffe
Michael O'Keeffe
Director, Electric Utilities and Infrastructure