| Summary: |
|
Finding & Order stating that the Applicant is authorized through December 31, 2009, to: (a) issue and sell secured or unsecured promissory notes, debentures or other debt securities in one or more series, (b) borrow from or enter into other financing arrangements with, the Ohio Air Quality Development Authority through the issuance of tax exempt bonds, (c)
enter into one or more secured or unsecured term loan or revolving credit
arrangements, or (d) issue and sell any combination of Notes and Credit Facilities to one or more commercial banks, financial institutions or other institutional investors, or borrowing from the Authority, from time to time, in an aggregate principal amount of up to $900 million; that Applicant shall file written reports with the Commission with the terms and full particulars of each issuance of the Securities, as promptly as practicable, when the Securities authorized by this Order are issued and sold and/or when Applicant enters into each Interest Rate Management Agreement; that Applicant shall account for the issuance of the Securities and the
Interest Rate Management Agreements as prescribed by the Federal Energy Regulatory Commission Uniform System of Accounts as currently in effect. |
|