Kentucky Public Service Commission


View Case Filings for: 2010-00431


Case Number:2010-00431
Service Type:Water
Filing Date:11/5/2010
Category:Regular
Utilities:

South Eastern Water Association, Inc.


Case Nature:

APPLICATION OF THE SOUTH EASTERN WATER ASSOCIATION, INC. TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $3,410,000 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 3:34:38 PM

Order Entered: (1) South Eastern's motion to deviate from 807 KAR 5:001, Section 11(2)(a), is granted. (2) South Eastern's application is considered filed as of November 5, 2010. (3) South Eastern is authorized to enter into a loan agreement with Butler County to borrow no more than $3,751,000. (4) If the actual terms and conditions of the proposed loan differ from those set forth in its application, South Eastern shall within 30 days of executing the loan agreement file with the Commission amortization schedules. (5) Within 30 days of executing the proposed loan agreement, South Eastern shall file with the Commission a statement setting forth the date the agreement was entered. (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 shall reference the number of this case and shall be retained in the utility's general correspondence file.


11/5/2010 10:32:34 AM

Acknowledge Receipt of Filing


11/5/2010

Application of the South Eastern Water Association, Inc. to issue securities in the approximate principal amount of $3,410,000 for the purpose of refunding certain outstanding indebtedness of the association pursuant tot he provisions of KRS 278.300 and 807 KAR 5:001.