Exhibit 99.1

SEMI-ANNUAL SERVICER’S CERTIFICATE

Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of November 24, 2021 (Servicing Agreement), by and between DUKE ENERGY CAROLINAS, LLC, as servicer (Servicer), and DUKE ENERGY CAROLINAS NC STORM FUNDING LLC, the Servicer does hereby certify, for the July 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: January 1, 2024 to June 30, 2024

Payment Date: July 1, 2024

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

i.

Remittances for the

January 2024

Collection Period

$

1,482,286.78

ii.

Remittances for the

February 2024

Collection Period

1,743,320.30

iii.

Remittances for the

March 2024

Collection Period

1,422,061.54

iv.

Remittances for the

April 2024

Collection Period

1,204,300.68

v.

Remittances for the

May 2024

Collection Period

1,173,763.39

vi.

Remittances for the

June 2024

Collection Period

939,420.89

vii.

viii.

ix.

Investment Earnings on General Subaccount

121,551.00

x.

Investment Earnings on Capital Subaccount

28,944.14

xi.

Investment Earnings on Excess Funds Subaccount

6,618.27

xii.

General Subaccount Balance (sum of i through xi above)

$

8,122,266.99

xiii.

Excess Funds Subaccount Balance as of prior Payment Date

384,929.73

xiv.

Capital Subaccount Balance as of prior Payment Date

1,186,050.00

2.     Outstanding Amounts as of prior Payment Date:

i.			Storm Recovery Series A			2031						Outstanding Amount			$	80,011,213.00
ii.			Storm Recovery Series A			2041						Outstanding Amount			137,210,000.00
iii.			Aggregate Outstanding Amount of all Storm Recovery Bonds												$	217,221,213.00

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

			Principal												Principal Due
i.			Storm Recovery Series A			2031									$	5,232,416.00
ii.			Storm Recovery Series A			2041									—
iii.			All Storm Recovery Bonds												$	5,232,416.00

			Interest
															Interest Rate						Days in Interest Period						Principal Balance						Interest Due
iv.			Storm Recovery Series A			2031									1.679		%				181						$	80,011,213.00					$	671,694.13
v.			Storm Recovery Series A			2041									2.617		%				181						137,210,000.00						1,795,392.85
vi.			All Storm Recovery Bonds																														$	2,467,086.98
																											Required Level						Funding Required
vii.			Capital Account																								$	1,186,050.00					$	—

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Exhibit 99.1

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

i.			Trustee Fees and Expenses; Indemnity Amounts																		$	(200.00)
ii.			Servicing Fee																		59,302.50
iii.			Administration Fee																		50,000.00
iv.			Operating Expenses																		66,669.26
Storm Recovery Bonds															Aggregate			Per $1,000 of Original Principal Amount
v.			Semi-Annual Interest (including any past-due for prior periods)																		$	2,467,086.98
1.			Storm Recovery Series A			2031									$	671,694.13		$	6.72
2.			Storm Recovery Series A			2041									1,795,392.85			13.09
vi.			Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date																		$	—
1.			Storm Recovery Series A			2031									$	—		$	—
2.			Storm Recovery Series A			2041									—			—
vii.			Semi-Annual Principal																		$	5,232,416.00
1.			Storm Recovery Series A			2031									$	5,232,416.00		$	52.32
2.			Storm Recovery Series A			2041									—			—
viii.			Other unpaid Operating Expenses																		$	—
ix.			Funding of Capital Subaccount (to required level)																		—
x.			Capital Subaccount Return to Duke Energy Carolinas																		15,476.00
xi.			Deposits to Excess Funds Subaccount																		224,897.98
xii.			Released to Issuer upon Retirement of all Series Bonds																		—
xiii.			Aggregate Remittances as of Current Payment Date																		$	8,115,648.72

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.			Storm Recovery Series A			2031									$	74,778,797.00
ii.			Storm Recovery Series A			2041									137,210,000.00
vi.			Aggregate Outstanding Amount of all Storm Recovery Bonds												$	211,988,797.00
vii.			Excess Funds Subaccount Balance												616,445.98
viii.			Capital Subaccount Balances												1,186,050.00
ix.			Aggregate Collection Account Balance												$	1,802,495.98

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Exhibit 99.1

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

i.			Excess Funds Subaccount									$	—
ii.			Capital Subaccount									28,944.14
iii.			Total Withdrawals									$	28,944.14

7.    Shortfalls in Interest and Principal Payments as of Current Payment Date:

i.			Semi-annual Interest
			Storm Recovery Series A			2031									$	—
			Storm Recovery Series A			2041									—
			Total												$	—
ii.			Semi-annual Principal
			Storm Recovery Series A			2031									$	—
			Storm Recovery Series A			2041									—
			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			$	—

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Exhibit 99.1

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

Date:			June 24, 2024			DUKE ENERGY CAROLINAS, LLC.
						as Servicer
			By:			/s/ Nicholas G. Speros
						Nicholas G. Speros
						Director of Accounting