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Finding and order, ordered that applicant is hereby authorized to issue and sell, from time to time over a period ending December 31, 2003, up to $471 million principal amount of First Mortgage Bonds, debentures, notes and/or other evidences of indebtedness in one or more series, for terms not to exceed 20 years, pursuant to the terms and conditions as set forth in the application and exhibits, that applicant shall apply the proceeds from the New Bonds for the purposes set forth in this order. that applicant shall file separate written reports with this Commission with the terms and full particulars of each of the transactions, as promptly as possible when the New Bonds authorized by this order are issued and sold, that applicants request to issue up to $279 million of the New Bonds to refinance the DPL note is hereby denied, that the applicants shall account for the new bonds as prescribed in the Federal Energy Regulatory Commission Uniform System of Accounts as currently in effect. |
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