Kentucky Public Service Commission

Final Order Entered: 1. Simpson District is authorized to enter into the loan agreement with KRWFC to borrow an amount up to and not exceeding $1,760,500,¹5 but no more than the total amount needed to pay off the long-term indebtedness proposed to be refinanced or reamortized 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 Simpson District’s application. 2. Simpson District shall execute the KRWFC Loan documents as authorized herein. 3. Simpson District shall comply with all matters set out in finding paragraphs 3 through 6 as if they were individually so ordered. 4. Any documents filed in the future pursuant to finding paragraphs 3 and 4 shall reference this case number and shall be retained in the post-case correspondence file. 5. Simpson District shall file within six months of the date of filing of this Order a comprehensive unaccounted-for water loss reduction plan that establishes priorities, a time schedule for eliminating each source of unaccounted-for water loss, quantifies the cost to eliminate each source of water loss identified, and a detailed plan to fund each project identified.

20210311_PSC No Deficiency Letter.pdf

Application and Exhibits

W. Randall Jones Simpson County Water District

20210112_PSC Acknowledgment Letter.pdf

Simpson County Water District Notice of Intent to File an Application to Issue Securities in the Approximate Principal Amount of $1,625,000 for the Purpose of Refunding and Reamortizing Certain Outstanding Obligations of the District pursuant to the Provis