FRANKFORT, Kentucky, May 10 -- The Kentucky Public Service Commission (PSC) has authorized Kentucky Power Company to issue up to $600 million in debt. The decision allows Kentucky Power to refinance existing loans and fund general corporate purposes. Kentucky Power sought approval to issue up to $300 million in new unsecured promissory notes, and to refinance two $150 million term loans maturing in 2025 and 2026. The company stated the financing would provide flexibility and help manage costs.   more