Ky. PSC Approves Citipower Refinancing, Issues Warning for Early Debt Assumption
May 30, 2025
May 30, 2025
WASHINGTON, May 30 -- The Kentucky Public Service Commission has granted Citipower LLC, Whitley City, Kentucky, approval to refinance a promissory note totaling $1,157,533.31. The decision, outlined in an order issued today, allows the utility to restructure existing debt and avoid a significant balloon payment, aiming to bolster its financial stability without impacting customer rates.
Citipower filed its application on April 2, 2025, seeking authority to replace an earlier $1.5 mi . . .
Citipower filed its application on April 2, 2025, seeking authority to replace an earlier $1.5 mi . . .