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Finding and Order stating that applicant is hereby authorized from time to time through April 30, 2008 to; (a) issue and sell up to $500 million principle amount first mortgage bonds, senior and junior unsecured indebtedness, or issue other long term unsecured indebtedness or any combination thereof; (b) issue and sell $200 million in preferred securities; (c) borrow from the Ohio Air Quality Development Authority the proceeds of up to $250 million aggregate principle amount; (d) enter into additional capital lease obligations of $100 million principle amount; and (e) enter into interest rate management agreements; ordered that applicant shall apply the proceeds from the Securities for the purposes set forth in this Order, ordered that applicant shall file separate written reports with this Commission. |
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