Kentucky Public Service Commission

Order Entered: 1. Duke Kentucky is authorized to obtain long-term debt in an aggregate amount not to exceed $150 million as set forth in its application for the period ending December 31, 2014. 2. Duke Kentucky is authorized to borrow from Boone County, Kentucky, or another authorized issuer of tax-exempt bonds in the Commonwealth of Kentucky, for a term not to exceed 40 years, the proceeds of up to a maximum of $26.72 million aggregate principal amount of Authority Bonds that may be issued in one or more series, for the period ending 12/31/14. 3. Duke Kentucky is authorized to use interest-rate management techniques and to enter into interest-rate management agreements as will reduce its overall interest costs. Further, in the event that Duke Kentucky enters into an interest-rate management agreement, a copy of the agreement shall be provided to the Commission within 30 days of its execution. 4. The proceeds from the transactions authorized herein shall be used only for the lawful purposes set out in the application. 5. Duke Kentucky shall agree only to such terms and prices as are consistent with this Order. 6. Duke Kentucky shall, within 30 days from the date of issuance, file with this Commission a statement setting forth the date of issuance of the securities authorized, the price paid, the interest rate, all fees and expenses, including underwriting discounts or commissions or other compensation, involved in the issuance and distribution of any such securities.

Duke Energy Kentucky supplemental response to staff DR 01 008 of PSC staffs first set of data requests

Duke's Response to First Set of Data Requests

Commission Staff's First Request for Information to Duke Kentucky, Inc.

No deficiency letter

Order Entered: Duke Kentucky’s request for an extension of the Company’s existing authority approved in Case No. 2010-00369, and currently set to expire December 31, 2012, is approved pending a Final Order of the Commission in this proceeding. Pursuant to KRS 278.300, the Commission must dispose of an application for issuance of securities or indebtedness within 60 days of acceptance for filing, unless it is continued for good cause shown. Duke Kentucky’s tendered application has not yet been accepted for filing and nothing in this Order shall be construed as such.

Acknowledge Receipt of Filing

Application of Duke Energy Kentucky, Inc. for an Order Authorizing the Issuance of Unsecured Debt and Long-Term Notes, Execution and Delivery of Long-Term Loan Agreements, and Use of Interest Rate Management Instruments