Kentucky Public Service Commission

Case Number:2016-00345
Service Type:Electric
Filing Date:10/26/2016
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

issue and sell, in one or more transactions through December 31 , 2018, up to $550 million aggregate principal amount of unsecured promissory notes in one or more new series is approved. 2. Kentucky Power's proposed use of Interest Rate Management Agreements as described in the application is approved. 3. The proceeds from the proposed financing shall be used only for the lawful purposes set out in Kentucky Power's application. 4. The notes authorized herein shall not be issued to an affiliate unless the interest rate is no more than the cost of capital of AEP and the interest rate is equal to or lower than the interest rate on debt available to Kentucky Power from a non-affiliate at the time of issuance. 5. Kentucky Power shall, within 30 days of the issuance, file with the Commission a statement setting forth the date or dates of issuance of the evidences of indebtedness or use of Treasury Hedge or Interest Rate Management Agreements authorized herein, the proceeds of such issuances, the interest rate(s), the maturity date(s), and all fees and expenses involved in the issuances of these evidences of indebtedness or use of such agreements. The statement shall also indicate the amount of financing secured through Kentucky Power's Local Bank Financing Program.

issue and sell, in one or more transactions through December 31 , 2018, up to $550 million aggregate principal amount of unsecured promissory notes in one or more new series is approved. 2. Kentucky Power's proposed use of Interest Rate Management Agreements as described in the application is approved. 3. The proceeds from the proposed financing shall be used only for the lawful purposes set out in Kentucky Power's application. 4. The notes authorized herein shall not be issued to an affiliate unless the interest rate is no more than the cost of capital of AEP and the interest rate is equal to or lower than the interest rate on debt available to Kentucky Power from a non-affiliate at the time of issuance. 5. Kentucky Power shall, within 30 days of the issuance, file with the Commission a statement setting forth the date or dates of issuance of the evidences of indebtedness or use of Treasury Hedge or Interest Rate Management Agreements authorized herein, the proceeds of such issuances, the interest rate(s), the maturity date(s), and all fees and expenses involved in the issuances of these evidences of indebtedness or use of such agreements. The statement shall also indicate the amount of financing secured through Kentucky Power's Local Bank Financing Program.

12/7/2016 2:36:24 PM

Kentucky Power Companys Substitute Response to KPSC 1-1

Stephen L Sharp Jr. Kentucky Power Company

12/5/2016 2:32:54 PM

KPCO files Responses to Commission Staffs Initial Set of Data Requests

Judy K Rosquist Kentucky Power Company

11/18/2016 12:39:15 PM

Data Request

10/31/2016 3:01:16 PM

20161031_PSC No Deficiency Letter.pdf

10/31/2016 2:18:18 PM

20161031_PSC Deficiency Letter.pdf

10/26/2016 2:51:02 PM

Kentucky Power files Application for Authority Pursuant to KRS 278.300 To Issue and Sell Promissory Notes of One or More Series, and for Other Authorizations

Judy K Rosquist Kentucky Power Company

9/29/2016 11:53:56 AM

September 29, 2016 Letter from Mark R. Overstreet to Dr. Matthews notifying the Commission that Kentucky Power now anticipates filing its application in this matter on or before October 31, 2016

Judy K Rosquist Kentucky Power Company

9/26/2016 3:33:29 PM

20160926_PSC Acknowledgement Letter.pdf

9/26/2016

Kentucky Power Company Notice of Intent to File 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