Kentucky Public Service Commission

Final Order Entered: 1. Kentucky Power, pursuant to KRS 278.300, is authorized to issue certain securities as defined in the application to refinance the $40 million 7.25 percent Senior Notes, Series A, due 2021; refinance the $125 million Term Loan due 2022; refinance the $75 million Variable Rate Local Bank Facility Program due 2022; and $110 million for its general corporate purposes with the total amount not to exceed $350 million. 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 Interest Rate Management Agreements as described in the application. 4. The proceeds from the transactions authorized herein shall be used only for the lawful purposes set out in the application. 5. Kentucky Power shall file, within 30 days from the date of issuance, with the Commission a statement setting forth the date or dates of issuance of the securities authorized herein, the date of maturity, the price paid, the 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.

20210322_PSC No Deficiency Letter.pdf

Application

Lerah Scott Kentucky Power Company

20210316_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 Authorizations Using Electronic Filing Procedures