Kentucky Public Service Commission


View Case Filings for: 2010-00411


Case Number:2010-00411
Service Type:Water
Filing Date:10/25/2010
Category:Regular
Utilities:

Judy Water Association, Inc.


Case Nature:

APPLICATION OF THE JUDY WATER ASSOCIATION, INC. TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $1,655,000 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING INDEBTEDNESS OF THE ASSOCIATION PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001









Case Filings
FilingDocuments
12/8/2010 3:43:36 PM

Order Entered: 1. Judy Water Association’s motion to deviate from 807 KAR 5:OO1, Section1 1 (2)(a), is granted. 2. Judy Water Association’s application is considered filed as of October 25, 2010. 3. Judy Water Association is authorized to enter into an agreement with Butler County to borrow no more than $1,820,5008 for the purpose of refunding the outstanding indebtedness, but only tinder such terms and conditions that will produce both positive gross savings and net present value savings. 4. If the actual terms and conditions of the agreement with Butler County differ from those set forth in its application, Judy Water Association shall, within 30 days of executing the loan agreement, file with the Commission amortization schedules and work papers showing the actual gross savings and net present value savings that will result from the refinancing. 5. Within 30 days of executing the proposed agreement with Butler County, Judy Water Association shall file a statement with the Commission setting forth the date on which the Agreement was entered, the actual interest rates, and the principal amount. 6. The proceeds from the transaction authorized herein shall be used only for the lawful purposes specified in the application. 7. Any documents filed pursuant to ordering paragraphs 4 and 5 of this Order shall reference the number of this case and shall be retained in the utility's general correspondence file. Nothing contained herein shall be construed as a finding of value for a


11/2/2010

Judy Water Association Letter


10/25/2010


10/25/2010

Application of Judy Water Association, Inc. to issue securities in the approximate principal amount of $1,655,000 for the purpose of refunding certain outstanding indebtedness of the association pursuant to the provisions of KRS 278.300 and 807 KAR 5:001