View Case Filings for: 2023-00029
Service Type:Electric
Filing Date:2/13/2023
Category:Regular
Utilities:
Kentucky Power Company
Electronic Case
Case Nature:
ELECTRONIC APPLICATION OF KENTUCKY POWER COMPANY FOR AUTHORITY PURSUANT TO KRS 278.300 TO ISSUE AND SELL PROMISSORY NOTES OF ONE OR MORE SERIES AND FOR OTHER AUTHORIZATIONS
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3/30/2023 1:37:13 PM
Final Order Entered: 1. Kentucky Power is authorized to issue and sell promissory notes of one or more series in the aggregate amount of $550,000,000 for the purpose of refinancing the $125,000,000 Term Loan maturing June 17, 2023; the refinancing of a $150,000,000 Term Loan due December 31, 2023; the refinancing a $125,000,000 Term Loan due December 31, 2023; and to issue other securities in the amount of $125,000,000 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 shall be used for the lawful purpose set out in the application. 6. Kentucky Power shall file, within 30 days from the date of issuance, a statement setting forth the date or dates of issuance of the securities authorized, the date of maturity, price paid, proceeds of such issuances, the interest rate, costs or gains from the use of hedging agreements, and all fees and expenses, including underwriting discounts, commissions, or other compensations involved in the issuance and distribution. |
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2/28/2023 3:55:06 PM
Kentucky Power Company filing Notice of Filing Public Revised Exhibit D. Scott Bishop Kentucky Power Company |
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2/17/2023 9:32:33 AM
20230217_PSC Deficiency Cured Letter.pdf |
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2/13/2023 1:59:49 PM
Kentucky Power Company filing Notice of Filing Information to Cure Application Deficiencies and Motion for Confidential Treatment. Scott E. Bishop Kentucky Power Company |
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2/2/2023 1:01:44 PM
20230202_PSC Deficiency Letter.pdf |
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2/1/2023 4:28:23 PM
Kentucky Power Company file Application and Exhibits. Scott E. Bishop Kentucky Power Company |
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1/27/2023 10:24:27 AM
20230127_PSC Acknowledgment Letter.pdf |
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1/26/2023
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 Authorizations Using Electronic Filing Procedures |
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