Kentucky Public Service Commission

Final Order Entered: 1. Rowan 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 Rowan Water's application. 2. Rowan Water shall execute the KRWFC Loan documents as authorized herein. 3. Rowan 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. Rowan Water shall file for an adjustment in base rates or file for an alternative rate filing within one year of the date of filing of this Order. 6. This case is closed and will be removed from the Commission’s docket.

20210311_PSC No Deficiency Letter.pdf

Application and Exhibits

W. Randall Jones Rowan Water, Inc.

20210127_PSC Acknowledgment Letter.pdf

Rowan Water, Inc. Notice of Intent to File an Application to Issue Securities in the Approximate Principal Amount of $2,450,000 for the Purpose of Refunding Certain Outstanding Obligations of the Association pursuant to the Provisions of KRS 278.300 and 80