Kentucky Public Service Commission

Final Order Entered: 1. Mountain District is granted a CPCN for the proposed project as submitted. 2. Mountain District's proposed plan of financing is approved. 3. Mountain District is authorized to issue water revenue bonds in the amount of $3, 150,000, maturing over a period not to exceed 40 years with an interest rate not to exceed 3.125 percent per annum that will be purchased by USDA/RD. 4. The proceeds from the water revenue bonds shall be used only for the purposes specified in Mountain District's application. 5. Mountain District is authorized to obtain a grant in the amount of $350,000 from USDA/RD. 6. Mountain District shall obtain approval from the Commission prior to performing any additional construction not expressly authorized by this Order. 7. Notwithstanding ordering paragraphs 4 and 6, if surplus funds remain after the approved construction has been completed, Mountain District may use such surplus to construct additional plant facilities if USDA/RD approves of the use and the additional construction, and it will not result in a change in Mountain District's rates for service. Mountain District shall provide written notice of this additional construction in accordance with 807 KAR 5:069, Section 4.

No deficiency letter

Acknowledge Receipt of Filing

Mountain Water District Application for a Certificate of Public Convenience and Necessity to Construct a Water Improvements Project and an Order Authorizing the Issuance of Securities pursuant to KRS 278.023