Duke Energy : 10-D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the semi-annual distribution period from

March 1, 2019 to August 31, 2019

Commission File		IRS Employer
Number	Registrant; State of Incorporation; Address; and Telephone Number	Identification No.

333-209196-01	DUKE ENERGY FLORIDA PROJECT FINANCE, LLC		81-0977581
	(Delaware)
	299 First Avenue North, St. Petersburg, Florida 33701
	704-382-3853
1-03274	DUKE ENERGY FLORIDA, LLC			59-0247770
	(Depositor and Sponsor)
	(Florida)
	299 First Avenue North, St. Petersburg, Florida 33701
	704-382-3853
	Registered/reporting pursuant to (check one)
				Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Series A 2018 Senior Secured Bonds	o	o	þ
Series A 2021 Senior Secured Bonds	o	o	þ
Series A 2026 Senior Secured Bonds	o	o	þ
Series A 2032 Senior Secured Bonds	o	o	þ
Series A 2035 Senior Secured Bonds	o	o	þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12

months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ No o

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

The response to Item 1 is set forth in part herein and in part in Exhibit 99.1.

The record date for distributions described in Exhibit 99.1 is August 31, 2019.

Introductory and explanatory information regarding the material terms, parties, and distributions described in Exhibit 99.1 is included in the Prospectus dated June 15, 2016, of Duke Energy Florida Project Finance, LLC (Issuing Entity) relating to the Series A Senior Secured Bonds (Bonds) filed with the Securities and Exchange Commission pursuant to Rule 424(b)(1) of the Securities Act of 1933 on June 17, 2016.

As indicated in Exhibit 99.1, all required interest and scheduled principal payments on the Bonds have been made with respect to the September 3, 2019, distribution date.

The following Items have been omitted pursuant to General Instruction C of Form 10-D:

• Item 1A. Asset-Level Information.
• Item 1B. Asset Representations Reviewer and Investor Communication.

PART II - OTHER INFORMATION

Item 2. Legal Proceedings.

None.

Item 3. Sale of Securities and Use of Proceeds.

None.

The following Items have been omitted pursuant to General Instruction C of Form 10-D:

• Item 4. Defaults Upon Senior Securities.
• Item 5. Submission of Matters to a Vote of Security Holders.
• Item 6. Significant Obligors of Pool Assets.
• Item 7. Change in Sponsor Interest in the Securities.
• Item 8. Significant Enhancement Provider Information.

Item 9. Other Information.

None.

Item 10. Exhibits.

(a) and (b) See Exhibit Index included as the last part of this report, which is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:	September 13, 2019	DUKE ENERGY FLORIDA PROJECT FINANCE, LLC
		(Issuing Entity)
		By: Duke Energy Florida, LLC, as Servicer
	By:	/s/ Dwight L. Jacobs
		Dwight L. Jacobs
		Senior Vice President, Chief Accounting Officer, Tax and Controller

EXHIBIT INDEX

Exhibits filed herewithin are designated by an asterisk (*). All exhibits not so designated are incorporated by reference to a prior filing, as indicated.

Exhibit No.

Description

Certificate of Formation of Duke Energy Florida Project Finance, LLC (filed with the Registration Statement on Form SF-1 of Duke Energy

1. Florida, LLC (File No. 333-209196) on January 29, 2016)
   Amended and Restated Limited Liability Company Agreement of Duke Energy Project Finance, LLC dated and effective as of June 10,
2. 2016 (Form 8-K filed June 17, 2016)

Indenture, dated as of June 22, 2016, by and between Duke Energy Florida Project Finance, LLC and The Bank of New York Mellon Trust

4.1Company, N.A., as Indenture Trustee and Securities Intermediary (Form 8-Kfiled June 17, 2016)

Nuclear Asset-Recovery Property Servicing Agreement, dated as of June 22, 2016, by and between Duke Energy Florida Project Finance,

1. LLC and Duke Energy Florida, LLC (Form 8-K filed June 22, 2016)
   Nuclear Asset-Recovery Property Purchase and Sale Agreement, dated as of June 22, 2016, by and between Duke Energy Florida
2. Project Finance, LLC and Duke Energy Florida, LLC (Form 8-K filed June 22, 2016)
   Administration Agreement, dated as of June 22, 2016, by and between Duke Energy Florida Project Finance, LLC and Duke Energy
3. Florida, LLC (Form 8-K filed June 22, 2016)

*99.1	Semi-annual Servicer's Certificate relating to the Bonds, dated August 23, 2019

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 September 3, 2019, 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: March 1, 2019 to August 31, 2019

Payment Date: September 3, 2019

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

i.	Remittances for the	March 2019	Collection Period	$	5,679,232.33
ii.	Remittances for the	April 2019	Collection Period		6,623,947.17
iii.	Remittances for the	May 2019	Collection Period		5,851,561.58
iv..	Remittances for the	June 2019	Collection Period		6,138,227.36
v.	Remittances for the	July 2019	Collection Period		9,435,095.45
vi.	Remittances for the	August 2019	Collection Period		7,931,607.60
vii.
viii.
ix.	Investment Earnings on Capital Subaccount			72,052.54
x.	Investment Earnings on Excess Funds Subaccount		31.10
xi.	Investment Earnings on General Subaccount			221,195.78
xii.	General Subaccount Balance (sum of i through xi above)	$	41,952,950.91
xiii.	Excess Funds Subaccount Balance as of prior Payment Date		-
xiv.	Capital Subaccount Balance as of prior Payment Date		6,461,737.29
xv.	Collection Account Balance (sum of xii through xiv above)	$	48,414,688.20

2. Outstanding Amounts as of prior Payment Date:

i.	Series A	2018	Outstanding Amount	$	38,167,849.00
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	$	1,149,457,849.00

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

	Principal			Principal Due
i.	Series A	2018	$	25,470,788.00
ii.	Series A	2021		-
iii.	Series A	2026		-
iv.	Series A	2032		-
v.	Series A	2035		-
vi.	All Series A Bonds	$	25,470,788.00