Kentucky Public Service Commission

Final Order Entered: 1. Columbia Kentucky is authorized to issue and sell new Notes to NiSource in an amount up to $90 million, and to issue and sell Stock to NiSource Gas Distribution in an amount up to $3,693,800, with the total amount of Notes and Stock not to exceed $93,693,800. 2. Columbia Kentucky is authorized to issue, sell, and deliver the new Notes and Stock, upon the terms set forth in its application, through December 31, 2024. 3. Columbia Kentucky is authorized to use the proceeds arising from the issuance and sale of the Notes and Stock only for the lawful purposes set forth in its application. 4. Columbia Kentucky shall, within 30 days of the date of issuance, file with the Commission a statement setting forth the date or dates of issuance and terms of the new Notes authorized herein, including the interest rate, and the number of shares of Stock issued and sold at $25 par value per share. 5. In future cases, Columbia Kentucky shall explain why it uses publicly reported rates for “similar” entities to provide a price proxy for its less-than-arms-length transaction with an affiliate for financing instead of going to the market directly or indirectly. 6. This case is closed and removed from the Commission’s Docket. Nothing contained herein shall be construed as a finding of value for any purpose or as a warranty on the part of the Commonwealth of Kentucky or any agency thereof as to the securities authorized herein.

20230109_PSC No Deficiency Letter.pdf

Financing Application of Columbia Gas of Kentucky, Inc.

John R. Ryan Columbia Gas of Kentucky

20221216_PSC Acknowledgment Letter.pdf

Columbia Gas of Kentucky, Inc. Notice of Intent to File an Application for Financing Authority Using Electronic Filing Procedures