COMMONWEALTH OF KENTUCKY RECEIVED BEFORE THE PUBLIC

Commonwealth Of Kentucky Received Before The Public-Free PDF

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3 A description of the original cost of Frontier s property is in the PSC. Annual Report incorporated by reference, 4 The proceeds of the financing will be used for the acquisition of two. new service trucks The approximate total cost of the two vehicles is expected to. be 72 256 00 Terms and conditions of the purchases are stated in exhibit1. Frontier will contribute approximately 15 256 00 toward the purchases leaving. approximately 57 000 00 to finance through Toyota or Community Trust Bank. depending on the most favorable terms available at the time of closing The. terms and conditions are time sensitive and may vary at the time of closing of the. purchases The financing is for 60 months at approximately 950 00 per month. No amortization schedule or interest rate is available until the loan is approved. 5 The proceeds of the financing are not being used to refund any. outstanding obligations, 6 Kentucky Frontier is an LLC and has no stock There is no. preferred stock issued No stock is to be issued in cor junction with this financing. 7 No other debt is to be issued,8 There are no trust deeds. 9 The current mortgages notes and other debt are listed in exhibit 2. Mortgages were previously filed in Case Nos 2005 00348 2005 00426 20008. 00394 2009 00492 201 0 00076 2012 00099 and 2015 00299. 10 No dividends have been paid by Kentucky Frontier in the last five. 11 A balance sheet and income statement are included in exhibit 3. 12 The USoA account is 392 motor truck, Based on this information the Applicant believes the financing is in the. public interest for a lawful purpose is necessary for the proper performance of. the utility to serve its customers and is reasonably necessary as required by KRS. For these reasons Kentucky Frontier requests that the Commission issue. an order approving the financing of approximately 57 000 00 and any other. approvals necessary to complete the transactions related to the financing of the. two vehicles,S bmitJt L,West Todd St,Frankfort KY 40601.
502 227 7270,jnhughes johnnhughespsc com,Attorney for. Kentucky Frontier Gas LLC,DECLARATION OF S IE SHUTE. I Steven Shute am a Member of Kentucky Frontier Gas LLC the Applicant in the. referenced matter I have read the responses and I have full authority to sign this. declaration The facts set forth therein are true and correct to the best of my. knowledge information and belief Pursuant to KRS 523 020 040 I certify under. penalty of false swearing that the foregoing is true and correct. Dated this 6th day of February 2019,Steven Shute Member. Kentucky Frontier Gas LLC,1811 U S Higtwtay 23 f lorth. Pres to nsburg I Y 41653,606 886 386 1,Model 8339A Total MSRP.
Interior Color GRAPHITE,Exterior Color SUPER WHITE. Number of Cylinders 8,VIN 5TF UM 5F14KX079802,Stock No 28874. Standard Equipment, MECHANICAL PERFORMANC E Toyota Safety Sense P Pre Collision Sys. w Pedestrian Detection Dynamic Radar,4 6L i FORCE VB DOHC 32V with Dual. Cru ise Control Lane Departure Alert w,Independent WT i 31 0 hp 327 lb ft.
Sway Warning Sys Automatic High Beams,6 Spd Automatic Trans w Sequential Shift. 4WDemand Part Time 4WD w Eie c Controlled EXTERIOR. Transfer Case A TRAC Auto LSD 6 5 Double Walled Bed w Rail Caps. Tow Rcvr Hitch 4 7 Pin Connector Easy Lower and Lift Tailgate. 3 91 Rear Differen tial w 9 5 Ring Gear INTERIOR,Obi Wishbone Frnt Susp w Stabilizer Bar. 40 20 40 Split Fold Oovm 4 Way Drive r,Trap Leaf Rr Susp Staggered 0 B Shocks. 4 Way Passenger Adj Front Bench Seat,Power Assisted 4 Wheel Disc Brakes. Single Zone Air Conditioning,18 M1eels w P255 70R 18 Tire s.
Entune Audio 6 1 Touch Screen,SAFETY CONVENIENCE w Backup Camera AM FM CD. Ha logen Headlights with LED DRLs BT Phone Music Siri Eyes Free. Manual Headlight Level Control Power Windows Door Locks Heated Mirrors. Trailer Sway Control Remote l eyless Entry System,Star Safety System Engine Immobilizer. 3 Point Seatbelts for All Po sitions Tilt Steering Wheel with Column Shifte r. 8 Total Airbags lncl Fr Rr RSCA Engine Immobilizer. Tire Pressure Monitor System TPMS,tj j l ll l 1 I i. f ll l i I t,Mann r oyota,1s1 1 U S Highway 23 North. Prestbnsburg l Y 4 1653,606 886 3861,Optional Equipment.
50 State Emissions 0 00,All Weather Liners Door Sill 239 00. Bedliner w Deck Rail 365 00,Deck Rail System 210 00. Predator Drop Step 749 00,PREFERRED OWNER S PORTFOLIO 0 00. St inless Steel Door Edge Guard 140 00,TRD Performance Dual Exhaust System 1 100 00. Total Optional Equipment 2 803 00,Vehicle Base Model 34 470 00.
Delivery Processing and Handling 1 395 00,H J 1 i JHJ 0 H. L 3 3ct po J k,q r f jf c i r iu k i, jt t r 1 iii l 1 i i rr s f dn i i t d li J A F n n hH1 H 1 f k it n r d r t 11 k I J i ii 1 t. H in D U i n j il i J 7 h H rr u d I i ii d t n 1 l J. U L i i n r i iii d v u nu t r r l i ii r L 11 i Jf h c Zii ill t l n r Jfi l i Jn in v tu i H y f r r ru c t if tr. f f L AJ U ti Hn ft r i i ti i i h h it t l j Hf f f Hh i 1 q tln r ink ii t 3 k L. l llam 1oyo,181 1 U S Highway 23 i lorttt,Prestonsburg I Y 41653. 606 886 386 1,Model 7552A Tota l MSRP,Interior Color CEMENT GRAY. Exterior Color SUPER WHITE,Number of Cylinders 6,Vli l 5TFSZ5f N6f X171268.
Stock No 29008,Standard Equipment, MECHANICAL PERFORMANCE Dr Fr Pass Advanced Airbag System. Seat Mounted Side Side Curtain Ai rbags,3 5L V6 Atkinson Cycle with Dual WT i. 3 Pt Seatbelts for All Seating Positions,278hp GOOOrprn 265 lb ft 4600rprn. Tire Pressure Monitor System,6 Spd Automatic Transmission. 4WDemand Part Time 4x4 Sys w 2 Speed EXTERIOR, Electronically Controlled Transfer Case Projector Beam Headlights.
Automatic Limited Slip Differential Pwr Side Mirrors. Towing Receiver Hitch Eng Oil Cooler 6 Composite Bed. Pwr Steering Cooler 130 Amp All Deck Rail System w 4 Adj Tie D own Cleats. 4 7 Pin Connector Trailer Sway Cntrl Easy Lower Loci a ble Removable Tailgate. Coil Spring Double Wishbone Fr INTERIOR,Leaf Spring Rr Suspension. Fabric Trim Seats w Dr Lumbar Support,16 Styld Steel Wheel w P24 5 75R16 Tires. Urethane Steering Vvheel w Audio Cntrls,SAFETY CONVENIENCE Pwr Wndws w Dr Auto 0 1M1 and. Toyota Safety Sense P Pre Collision Sys Pwr Door Locks. w Pedestrian Detection Dynamic Radar Entune Aud io 6 1 Touch Screen AM FM CD. Cruise Control Lane Departure Alert w 1 USB Media Port 2 USB Chg Ports. Sway Warning Sys Automatic High Beams HandsFree BT Phone Music. Rear Backup Camera,Optional Equipment,Mann Toyota,ta t U S Highway 23 1 Jortl1. Preston sburg I Y 4 1653,606 886 386 1,50 State Emissions 0 00.
Color eyed Rear Bump er 0 00, SR Convenience Package Remote Keyless Entry 230 00. SX Package Includes 16 Black Alloy IMleels Black Overfencfers Black 570 00. Mirror Caps and Blacl Door Handles,AII Weatller Fir Liner Door Sill Protector 248 00. Door Edge Guard 140 00,Preferred Owner s Portfolio 0 00. Whee l Locks Alloy 80 00,Total Optional Equipm ent 1 268 00. Vehicle Base Model 31 275 00,Delivery Processing and Handli ng 1 045 00.
Kentucky Frontier Gas llC,long Term Debt Financing. Monthly Current,Maturity Interest Original Prin lnt Monthly. Loan Description Issue Date Date Rate Balance Loan Balance Payment Interest Pmt. System Loans with Community Trust Bank I 5 o IwsJ APR projected for March 2019 pmts. SBA 1 Bei EKU MLG 12 30 2008 12 30 2018 6 00 1 525 000 paid off Jan19. USDA 1 Aux Sig 4 13 2010 4 13 2025 6 00 1 571 760 835 459 13 277 4 177. USDA 2 Aux Sig 4 13 2010 4 13 2025 6 00 160 431 92 827 1 475 464. SBA 2 BTU 7 23 2012 7 23 2027 7 25 237 000 157 617 2 041 952. SBA 3 Public 11 2 2015 11 2 2030 7 25 1 500 000 1 301 326 13 688 7 862. Totals 4 99 4 191 2 387 229 30 482 13 456 mo,3 7s n r 161 471 jyr. wtd ave 6 76, Auto Loans with Community Trust Bank projected for March 2019 pmts. 2015 Chevy 2500 1 31 2015 1 31 2020 2 99 33 695 7 804 610 19. 2015 Tacoma 4 22 2015 5 22 2020 2 99 20 000 5 717 365 14. 2015 Ford F350 svc 2 2 2015 2 2 2020 2 99 33 951 8 440 614 21. 2016 Tacoma 1 14 2016 1 14 2021 2 99 20 935 10 170 377 25. 2017Tacoma 12 6 2016 12 6 2021 2 99 27 323 17 072 496 43. 2018 Chevy 2500 svc 5 28 2018 5 28 2023 4 25 35 000 31 602 655 112. Totals 170 903 80 05 3 117 235 jmo,v i 6 A 2 814 jyr.
Loans CTB Feb19 2 05 19,Form M Customer Debt Schedule. Customer Name Kcntuckv Frontier Gas LLC,Date 1 5 2018. Commitment Scheduled, Loan Loan Interest Fixed or Payment Monthly Pmt Total Annual. Lender Type1 Balance Rate Variable rcg uen l Amount l ayments. CTB SBA orig T 270 243 4 75 v Monthly s 19 870 238 440. CTB USDA Ill T 949 009 6 v MonthlY 1 3 277 159 327. CTB USDA 2 T 105 444 6 v MonthlY 1 415 17 703,CTB SBA 2 BTU T 172 743 6 F Monthlv 1 973 23 682. CTB SBA 3 Public T 1 372 379 6 00 v Monthly 12 738 152 856. CTB 20 15 Tacoma T 10 157 2 99 F Monthlv 365 4 377. CTB 2015 Ch Silver T 15 282 2 99 F MonthJy 610 7 324. CTB F350 T 14 880 2 99 F Monthly 614 7 371, CTB 20 17 TACOMA T 21 655 2 99 F Monthly 496 5 952.
CTB 2016 Tacoma T 13 302 2 99 F Monthly 377 4 524,TOTALS 2 945 094 7 15 51 796 621 555. 1 Enter one of the following choices 2 Enter monthly quarterly annually et 3 Enter N A for demand notes lines of credit and floor plans. T TermLoan,L Line of Credit,Form LN 00014,Provided By. last Revised 2007 04 19 Credit Administration CRAD 00l4 02. 3 17AM Kentucky Frontier Gas LL C,02 01 19 Balance Sheet. Accrual Basis As of Decembet 31 2018,Current Assets. Checklng Savlngs,131 Cash Bank Accounts,131 0 Petty Cash 707 18.
131 10 CTB PRP Surcharge Account 2 614 57,131 2 Comm Trust Bank Oper 4002506337 113 511 20. 131 3 Comm Trust Payroll 4002507509 37 47,131 7 CTB Savings 5001856760 30 072 27. 131 8 Citizens Bank of Jackson 563 06,Total131 Cash Bank Accounts 147 505 75. Total Checklng Savings 147 505 75,Accounts Receivable. 142 Customer Accounts Receivable 563 889 94,143 Other Accounts Receivable 33 462 00.
Total Accounts Receivable 597 351 94,other Current Assets. 108 09 CC Accum Depree 149 645 00,108 11 BTU Accumulated Depr 78 166 00. 115 0 Consol Ace Depreciation 27 801 00,147 NJR Fontaine Williams 984 54. 173 Organl2 ational Account,Start Up Costs,SBA Origination Fees 95 056 13. USDA Origination Fees 17 464 00,115 Accumulated Amort Start Up 53 261 00.
Start Up Costs Other 298 98,Total Start Up Costs 59 558 11. Total173 Organizational Account 59 558 11,Total Other Current Assets. Total Current Assets 549 788 34,Fixed Assets,101 Utility Plant. 101 0 Ulillty Plant consolidated,376 Meters Consolidated 80 661 02. 376 0 ltrons,376 001 CIACIItrons Contrib In Aid Con 165 327 00.
376 0 ltrons Other 158 514 79,Total 376 0 trans 6 812 21. 377 Meter Sets 50 336 75,378 Regulators 9 450 34,379 Odorant System 35 854 82. 381 ESRI SYSTEM 4 185 40,Total101 0 Utility Plant consolidated 173 676 12. 101 1 East Kentucky Utility Plant,General Plant,394 1 Tools Shop Garage Equip 891 00. Total General Plant 891 00,108 1 Accumulated Depreciation.
101 5 Balne Accum Dep 150 00,Total108 1 Accumulated Depreciation 150 00. 114 1 Gas Plant Acquisition Adj,3 1 7 AJ 1 Kentucky Fmnti H Gas LL C. 02 01 19 Balance Sheet,Accrual Basis As of December 31 20 18. 376 01 Mains 9 515 91,37601 Meas Reg Station Eq 5 980 39. 380 01 Services 16 220 74,380 02 EKU CIAC Contrib In aid Constr 5 830 00.
381 01 Meters 17 868 69,382 01 New Meter Install 589 97. 382 02 EKU Line Replacement 650 00,114 1 Gas Plant Acquisition Adj Other 955 369 74. Total114 1 Gas Plant Acquisition Adj 1 000 365 44,115 1 Accumulated Provision for Amort 467 367 00. Total101 1 East Kentucky Utility Plant 533 739 44,101 12 Blaine Utility Plant. 380 04 Meters 6 393 29,380 12 Services 653 39,380 120 Blalne CIAC contrlb In aid con 400 00.
Total101 12 Blaine Ulllity Plant 6 646 68,101 2 Mike Little Gas Plant. General Plant Assets,394 2 Tools Shop Garage Equip 9 258 56. Total General Plant Assets 9 253 56,Transmission Plant. 369 2 Meas Reg Sta Equip 4 984 97,Total Transmission Plant 4 984 97. 114 2 Gas Plant Acquisition Adj,376 22 Mains 28 484 44.
380 22 Services 10 216 10,380 23 MLG CIAC Contrlln aid of canst 2 000 00. 381 22 Meters 17 766 95,381 23 Line Repl acement 2 060 52. 114 2 Gas Plant Acquisition Adj Other 481 044 76,Total114 2 Gas Plant Acquisition Adj 537 572 77. 115 2 Accum Prov for Amort of Gas PI 242 325 00,Total101 2 Mike Little Gas Plant 309 491 30. 101 3 Belfry Utility Plant,114 3 Gas Plant Acquisition Adj.
376 33 Mains 118 607 16,376 331 Mains Comp Const 28 661 96. 376 34 Mains Self Line Replacement 353 341 15,380 33 Services 14 135 45. 380 34 BUP CIAC contri In aid canst 383 479 42,381 32 Regulators 3 075 00. 381 33 Meters 36 394 86,381 34 Meter Regulator FSM 4 675 82. 382 22 New Meter Installation 2 423 84,114 3 Gas Plant Acquisition Adj Other 480 342 00.
Total114 3 Gas Plant Acqulsillon Adj 658 177 82,115 3 Accum Prov for Amort of Gas PI 431 673 00. Total 101 3 Belfry Utility Plant 226 504 82,101 4 Alert Farm Taps Utility Plant. No dividends have been paid by Kentucky Frontier in the last five years 2 11 A balance sheet and income statement are included in exhibit 3 12 The USoA account is 392 motor truck Based on this information the Applicant believes the financing is in the public interest for a lawful purpose is necessary for the proper performance of the utility to serve its customers and is reasonably

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