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Finding & Order stating that Applicant, AEP Ohio Transmission Company, is authorized through December 31, 2015, to issue promissory notes, including AEP Notes, provided the aggregate principal amount of Notes and AEP Notes do not exceed $250 million, and enter into Interest Agreements, within terms and conditions as set forth in the Application; that after the proposed securities are issued and the proceeds thereof are used, Applicant is expected to take necessary measures to maintain a balanced capital structure before filing for new request to issue any long-term debt; that after the New Debt authorized by this Order are issued. Applicant shall report to the Commission, as soon as practicable, the terms and full particulars regarding the Securities; that the authorization granted by this Order shall not be construed as limiting the Commission's determination of the appropriateness of the New Debt for future ratemaking treatment. |
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