Kentucky Power Cost Recovery LLC issues $477.7M Series 2025 Senior Secured Recovery Bonds

Kentucky Power Cost Recovery LLC

Issued $477,749,000 aggregate principal amount of Series 2025 Senior Secured Recovery Bonds on June 12, 2025.
Bonds are secured by Cost Recovery Property per Kentucky Securitization Act and a final Financing Order from Kentucky PSC.
Proceeds used to finance or refinance securitized costs as authorized in the Financing Order.
Financing Order became final and non-appealable on May 15, 2025.
Legal opinions from Sidley Austin and Stites & Harbison address enforceability of state pledge and constitutional protections.

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