Kentucky Public Service Commission

Order Entered: 1. Gallatin District shall file an adjustment in base rates or an alternative rate filing prior within six months of the filing of this Order. 2. This case is closed and removed from the Commission’s docket.

Final Order Entered: 1. Gallatin District is authorized to borrow from KRWFC an amount up to $1,633,000, but no more than the total amount needed to pay off the RD indebtedness proposed to be refinanced in the Application and on the condition that the final NPV of the savings, determined upon closing, generate positive cash flow. The loan maturity date and interest rate shall be in accordance with the KRWFC Assistance Program as described in Gallatin District's Application. 2. Gallatin District shall execute the KRWFC Loan documents as authorized herein. 3. Gallatin District shall comply with all matters set out in the findings paragraphs 3 through 7 above as if they were individually ordered. 4. Any documents filed in the future pursuant to the findings paragraphs 3 and 4 above shall reference this case number and shall be retained in the post-case correspondence file. 5. Gallatin District shall file for an adjustment in base rates or file for an alternative rate filing within six months of the date of the filing of this Order to ensure that its rates are sufficient. 6. Nothing contained herein shall be deemed a warranty or finding of value of securities or financing authorized herein on the part of the Commonwealth of Kentucky or any agency thereof. 7. This case is closed and removed from the Commission's docket.

20200106_PSC No Deficiency Letter.pdf

Application and Exhibits

W. Randall Jones Gallatin County Water District

20191226_PSC Acknowledgment Letter.pdf

Gallatin County Water District Notice of Intent to File an Application to Issue Securities in the Approximate Principal Amount of $1,633,000 for the Purpose of Refunding Certain Outstanding Obligations of the District pursuant to the Provisions of KRS 278.