Kentucky Public Service Commission


View Case Filings for: 2012-00243


Case Number:2012-00243
Service Type:Water
Filing Date:6/25/2012
Category:Regular
Utilities:

Todd County Water District


Case Nature:

APPLICATION OF TODD COUNTY WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $2,145,000 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING REVENUE BONDS OF THE DISTRICT PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001









Case Filings
FilingDocuments
7/12/2012 11:18:16 AM

Order Entered: Todd County is authorized to enter into the Assistance Agreement with KRWFC to borrow no more than $2,359,500’0 for the purpose of refunding the outstanding indebtedness, but only under such terms and conditions as will produce both positive gross savings and net present value savings. 2. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its application, Todd County 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. 3. Within 30 days of executing the proposed Assistance Agreement, Todd County shall file a copy of the executed Assistance Agreement and any documents referenced in the executed Assistance Agreement that Todd County has not previously filed with the Commission. 4. The proceeds from the Assistance Agreement shall be used only for the lawful purposes specified in Todd County’s application. 5. Any documents filed pursuant to ordering paragraphs 2 and 3 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 any purpose or as a warranty on the part of the Commonwealth of Kentucky or any agency thereof as to the securities authorized herein.


6/25/2012 1:08:26 PM

Order Entered: (1) Todd District's motion to deviate from 807 KAR 5:001, Section 11(2)(a) is granted. (2) Todd District's application is considered filed as of the date of this Order. (3) Nothing contained in this Order shall preclude the Commission from requiring the production of information regarding Todd District's financial condition or operations since December 31, 2011.


6/12/2012 10:22:16 AM

Acknowledge Receipt of Filing


6/12/2012

APPLICATION OF TODD COUNTY WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $2,145,000 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING REVENUE BONDS OF THE DISTRICT PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001