Credit Agreement

The Kansas Power Pool has maintained a line of credit in the amount of $6,000,000 with the Bank of the West, a Moody’s rated bank.  No draws on the line of credit have been made by the KPP since 2011.  The line of credit is collateralized by a security interest in the KPP’s accounts, inventory, instruments, and general intangibles and matures annually.  The credit agreement may be terminated by either the KPP or the lender upon thirty days’ prior written notice.  The term of the credit agreement is one-year.