20220418Decision Memo.pdf

impact on the Company's currently approved capital structure. Interest rates on debt have risen
significantly in the last four months. In December of 2021 the average mortgage rate was
3 .10%, compared to the average rate of 4.17% in March 2022.
STAFF RECOMMENDATION
Staff recommends that the Commission issue an amended order allowing the Company to
issue up to $700,000 in debt to purchase the property indicated in the Application.
Staff recommends the Commission continue to require the Company to file with the
Commission the loan documents showing the amount borrowed and all other terms of the loan
within seven days of those documents being available.
COMMISSION DECISION
Does the commission wish to approve Falls Water's request to amend Order No. 35249
to issue up to $700,000 in debt to purchase the real property mentioned in the Application?
Does the Commission wish to continue to require the Company to file with the
Commission the loan documents showing the amount borrowed and all other terms of the loan
within seven days of those documents being available?
Joseph Terry