Kentucky Public Service Commission

Final Order Entered: 1. Northern District is authorized to issue its proposed 2016 Refunding Bonds in a principal amount not to exceed a total of $47,335,000 for the purpose of refinancing the Series 2006 Bonds and the Series 2009 Bonds, but only under such terms and conditions that will produce both positive gross savings and net present value savings. 2. If the actual terms and conditions of the 2016 Refunding Bonds differ from those set forth in the application, Northern District shall, within 30 days of issuing the 2016 Refunding Bonds authorized in this proceeding, file with the Commission amortization schedules and work papers showing the actual gross savings and net present value savings that resulted from the refinancing of the Outstanding Revenue Bonds. 3. Northern District shall, within 30 days of issuing the 2016 Refunding Bonds authorized herein, file with the Commission a statement setting forth the date each of the 2016 Refunding Bonds were issued, the actual interest rates, and the principal amount. 4. The proceeds from Northern District's issuance of the 2016 Refunding Bonds shall be used only for the lawful purposes specified in the application. 5. Any documents filed pursuant to ordering paragraphs 2 and 3 of this Order shall reference the number of this case and shall be retained in the utility's general correspondence file.

20160805_PSC No Deficiency Letter.pdf

Application for Approval of Re-Financing of Outstanding Bonds

Lindsey Rechtin Northern Kentucky Water District

20160722_PSC Acknowledgement Letter.pdf