EX-99.1 2 defpf-20240301xexhibit991.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, 2024, 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, 2023 to February 29, 2024
Payment Date: March 1, 2024
1.Collections Allocable and Aggregate Amounts Available for the Current Payment Date:
i.Remittances for theSeptember 2023Collection Period$6,745,462.84 
ii.Remittances for theOctober 2023Collection Period9,924,866.08 
iii.Remittances for theNovember 2023Collection Period7,077,491.83 
iv..Remittances for theDecember 2023Collection Period7,006,475.87 
v.Remittances for theJanuary 2024Collection Period4,327,032.65 
vi.Remittances for theFebruary 2024Collection Period6,950,802.69 
vii.
viii.
ix.Investment Earnings on General Subaccount548,390.26 
x.Investment Earnings on Capital Subaccount175,321.37 
xi.Investment Earnings on Excess Funds Subaccount101,875.60 
xii.General Subaccount Balance (sum of i through xi above)$42,857,719.19 
xiii.Excess Funds Subaccount Balance as of prior Payment Date3,237,988.01 
xiv.Capital Subaccount Balance as of prior Payment Date6,471,450.00 
xv.Collection Account Balance (sum of xii through xiv above)$52,567,157.20 

2.     Outstanding Amounts as of prior Payment Date:
i.Series A2018Outstanding Amount$— 
ii.Series A2021Outstanding Amount— 
iii.Series A2026Outstanding Amount374,328,724.00 
iv.Series A2032Outstanding Amount250,000,000.00 
v.Series A2035Outstanding Amount275,290,000.00 
vi.Aggregate Outstanding Amount of all Series A Bonds$899,618,724.00 

3.     Required Funding/Payments as of Current Payment Date:
PrincipalPrincipal Due
i.Series A2018$— 
ii.Series A2021— 
iii.Series A202630,780,229.00 
iv.Series A2032— 
v.Series A2035— 
vi.All Series A Bonds$30,780,229.00 


Exhibit 99.1
Interest
WALInterest RateDays in Interest PeriodPrincipal BalanceInterest Due
v.Series A20181.196 %183 $— $— 
vi.Series A20211.731 %183 — — 
vii.Series A20262.538 %183 374,328,724.00 4,750,231.51 
viii.Series A20322.858 %183 250,000,000.00 3,572,500.00 
ix.Series A20353.112 %183 275,290,000.00 4,283,512.40 
x.All Series A Bonds$12,606,243.91 
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$1,500.00 
ii.Servicing Fee323,572.50 
iii.Administration Fee50,000.00 
iv.Operating Expenses34,603.36 
Series A BondsAggregatePer $1,000 of Original Principal Amount
v.Semi-Annual Interest (including any past-due for prior periods)$12,606,243.91 
1.Series A2018$— $— 
2.Series A2021— — 
3.Series A20264,750,231.51 12.69 
4.Series A20323,572,500.00 14.29 
5.Series A20354,283,512.40 15.56 
vi.Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date$ 
1.Series A2018$— $— 
2.Series A2021— — 
3.Series A2026— — 
4.Series A2032— — 
5.Series A2035— — 
vii.Semi-Annual Principal$30,780,229.00 
1.Series A2018$— $— 
2.Series A2021— — 
3.Series A202630,780,229.00 82.23 
4.Series A2032— — 
5.Series A2035— — 
viii.Other unpaid Operating Expenses$— 
ix.Funding of Capital Subaccount (to required level)— 
x.Capital Subaccount Return to Duke Energy Florida100,972.00 
xi.Deposits to Excess Funds Subaccount — 
xii.Released to Issuer upon Retirement of all Series Bonds— 
xiii.Aggregate Remittances as of Current Payment Date$43,897,120.77 


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 A2021— 
iii.Series A2026343,548,495.00 
iv.Series A2032250,000,000.00 
v.Series A2035275,290,000.00 
vi.Aggregate Outstanding Amount of all Series A Bonds$868,838,495.00 
vii.Excess Funds Subaccount Balance2,198,586.43 
viii.Capital Subaccount Balances6,471,450.00 
ix.Aggregate Collection Account Balance$8,670,036.43 
6.    Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):
i.Excess Funds Subaccount$1,039,401.58 
ii.Capital Subaccount— 
iii.Total Withdrawals$1,039,401.58 
7.    Shortfalls in Interest and Principal Payments as of Current Payment Date:
i.Semi-annual Interest
Series A2018$— 
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$— 
9.    Shortfalls in Required Subaccount Levels as of Current Payment Date:
i.Capital Subaccount$— 


Exhibit 99.1
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer’s Certificate.
Date:February 23, 2024DUKE ENERGY FLORIDA, LLC,
as Servicer
By:/s/ Nicholas Speros
Nicholas Speros
Director of Accounting