Material Event - Form 8-K

On April 25, 2024, Duke Energy Progress NC Storm Funding LLC (the "Issuing Entity") entered into an Intercreditor Agreement between the Issuing Entity, Duke Energy Progress, LLC, Duke Energy Progress SC Storm Funding LLC, Duke Energy Progress Receivables LLC, The Bank Of New York Mellon Trust Company, National Association, U.S. Bank Trust Company, National Association and MUFG Bank, LTD, dated as of April 25, 2024 (the "Intercreditor Agreement"). In connection with the Intercreditor Agreement, the Issuing Entity is filing the exhibit listed in Item 9.01, which is annexed hereto as an exhibit to this Current Report on Form 8-K.