Kentucky Public Service Commission

Final Order Entered: 1. Morgan District is authorized to enter into the KRWFC Loan to borrow no more than the amount proposed in the application needed to pay off and refinance the RD indebtedness on the condition that the final NPV of the savings, determined upon closing, generate positive cash flow. The loan amount, maturity date, and interest rate shall be in accordance with the KRWFC Loan as described in Morgan District’s application. 2. Morgan District shall execute the KRWFC Loan documents as authorized herein. 3. Morgan District shall comply with all matters set out in the findings paragraphs 2 through 6 above as if they were individually ordered. 4. Any documents filed in the future pursuant to the findings paragraphs 3 and 4 above shall reference this case number and shall be retained in the post-case correspondence file. 5. Morgan District shall file an application for an adjustment in base rates for its water by February 18, 2025, to ensure that its rates are sufficient, or in the alternative, file a formal motion with a detailed analysis of its rates and revenues and a statement explaining the reasons why no modifications are necessary. 6. This case is closed and removed from the Commission’s docket.

20220104_PSC No Deficiency Letter.pdf

Application and Exhibits

W. Randall Jones Morgan County Water District

20211221_PSC Acknowledgement Letter.pdf

Morgan County Water District Notice of Intent and Election