Kentucky Public Service Commission

Final Order Entered: 1. Hardin County is granted a CPCN for the proposed project as submitted. 2. No determination is made in this Order regarding the need for or reasonableness of any additional construction that is not included in this application, nor is the use of any proceeds from Hardin County's proposed funding for those improvements authorized until and unless Hardin County is granted a CPCN to construct such improvements. 3. Hardin County's proposed plan of financing is approved. 4. Hardin County is authorized to issue $1,318,000 of its water system revenue bonds, maturing over 40 years, at an interest rate not to exceed the lower of 2. 75 percent per annum or the interest rate in effect at loan approval or the interest rate in effect at the time of loan closing. 5. The proceeds from the proposed bond issuance shall be used only for the purposes specified in Hardin County's application. 6. Hardin County shall obtain approval from the Commission prior to performing any additional construction not expressly authorized by this Order. 7. Notwithstanding ordering paragraphs 5 and 6, if surplus funds remain after the approved construction has been completed, Hardin County may use such surplus to construct additional plant facilities if RD approves of the use and additional construction will not result in a change in Hardin County's rates for service. Hardin County shall provide written notice of this additional construction in accordance with 807 KAR 5:069, Section 4.

No Deficiency Letter

Acknowledge Receipt of Filing

Hardin County Water District No. 1 Application For: (1) A CPC&N Authorizing Construction of Additions and Improvements to Its Water System; (2) Approval of Revised Water Service Rates and Charges; and (3) Authorizing the Issuance of Certain Securities Pursuant to the Provisions of KRS 278.023 and 807 KAR 5:069