Kentucky Public Service Commission

Final Order Entered: 1. Kentucky Power is authorized to issue and sell promissory notes of one or more series in the aggregate amount of $250,000,000 for the purpose of refinancing of the $125,000,000 Term Loan maturing September 6, 2022; refinancing of the $75,000,000 Term Loan maturing October 26, 2022; and to issue other securities in the amount of $50,000,000 for its general corporate purposes. 2. Kentucky Power shall agree only to such terms and conditions for the secured private placement debt that are consistent with those terms and conditions set out in Kentucky Power’s application. 3. Kentucky Power is authorized to enter into Treasury Hedge Agreements and Interest Rate Management Agreements as described in the application. 4. Kentucky Power is authorized to determine the subsequent date of whether there will be more than one series, and the maturity of each series of Notes. 5. The proceeds from the transaction authorized in this Order shall be used for the lawful purpose set out in the application.

20220708_PSC No Deficiency Letter.pdf

Application and exhibits.

Lerah M Scott Kentucky Power Company

20220706_PSC Acknowledgment Letter.pdf

Kentucky Power Company Notice of Intent to File an Application for Authority pursuant to KRS 278.300 to Issue and Sell Promissory Notes of One or More Series and for Other Authorization Using Electronic Filing Procedures