Kentucky Public Service Commission

Order Entered: 1. Butler County Water’s motion for an extension of time is granted. 2. Butler County Water’s application for an adjustment of its water rates shall be filed on or before March 22, 2024.

Final Order Entered: 1. Butler County Water is authorized to enter into the Loan with KRWFC to borrow no more than the total amount to pay off the indebtedness proposed to be refinanced as identified in the application 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 Butler County Water’s application. 2. Butler County Water shall execute the KRWFC Loan documents as authorized herein. 3. Butler County Water shall comply with all matters set out in finding paragraphs 3 through 7 as if they were individually so ordered. 4. Any documents filed in the future pursuant to finding paragraphs 4 and 5 shall reference this case number and shall be retained in the post-case correspondence file. 5. Butler County Water shall file for an adjustment in base rates or file for an alternative rate filing within three years of the date of filing of this Order or, in the alternative, file a formal motion with a detailed analysis of its rates and states the reasons why no modifications are necessary. 6. This case is closed and will be removed from the Commission’s docket.

20210202_PSC No Deficiency Letter.pdf

Application and Exhibits

W. Randall Jones Butler County Water System

20210113_PSC Acknowledgment Letter.pdf

Butler County Water System, Inc. Notice of Intent to File an Application to Issue Securities in the Approximate Principal Amount of $840,000 for the Purpose of Refunding Certain Outstanding Obligations of the Association Pursuant to the Provisions of KRS 2