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Show THE SAN JOAN RECORD; Wednesday Januaiy l8,.J989 UP&L and PacifiCorp The merger between Utah services divisions Pacific Power, headquartered in Port- Power & Light Company and PacifiCorp, the largest in the electric utility industry in 50 years, was finalized January 9. Its a great merger from a strategic and operations viewpoint, said A1 Gleason, PacifiIts been Corp president. worth the wait. The culmination of the effort to combine the two companies creates the third largest electric utility in the western United States. PacifiCorp will now have two energy 18-mon- merge land, Oregon, and UP&L, headquartered in Salt Lake City serving a total of some million customers in seven western states. David F. Bolender, president of Pacific Power, said the merger will enable both divisions to reduce costs, increase efficiencies and offer customers more responsive services at 1.2 th competitive prices. Anticipated benefits from the merged company include Date set for showing of memorial replica have been sent to Third District Congressman Howard Nielson, Utah Senators Orrin Hatch and Jake Gam, Governor Norman Bangerter, State Representative David Adams, and General Matthews of the Utah National Guard. Moore said the replica will Firm dates have been set for a public showing of the Viet Nam Memorial replica in Monticello. The 219-foreproduction of the original memorial in Washington D. C. will be on display at City Park on Saturday and Sunday, August 19 and 20. Karen Moore, elementary school teacher who conceived of having the memorial shown in Monticello, is now proceeding with plans for opening ceremonies for the exhibit. Thirty-thre- e letters have been mailed to government offices, bands, veterans organizations, and chambers of commerce in the Four Comers area. The letters include invitations to elected officials to give short talks. Invitations ot 1 1 r T T' vL vL vL vL vL T T 'IS T T T L come to Monticello from Omaha, Nebraska. The estimated costs of $5,000 will cover transportation and the crew that travels with the exhibit. So far, $1,900 has been raised by donations and special activities. Now that the exhibit is a reality for Monticello, Moore hopes to see more contributions from organized groups and in jars placed in local businesses. L T vL' T' T T T "T companies to hit the ground running as the formal process of merging begins. UP&L will continue to operate under its own name in its present Utah, Wyoming and Idaho service areas, where it serves some 525,000 retail customers. Pacific Power also will retain its name in the six states it serves which, in addition to Idaho and Wyoming, includes Oregon, Wash identified cost savings that could total as much as $500 million over the first five years. Those savings will help Pacific fulfill its price stability commitment to customers, and UP&Ls promise of price decreases totaling 5 percent to 10 percent over the next four years. UP&L President Frank N. Davis said combining the two systems also will result in longterm advantages, including a more efficient and flexible mix of power generation and a larger, more diversified customer base that will offer greater growth potential for the divisions and the communities they serve. Mechanics to close the mer- ger started mid-Decembe- T yL T L -- The Blanding City Council agreed Wednesday to a work meeting with Blanding Utility Company to explore the possibility of a leaseback agreement proposed by the company. BUC is planning to build a power plant and has proposed that the city apply to the Community Impact Board, a state agency, for a loan to build the first phase of the plant. Additionally, the BUC has proposed that the city leaseback the plant to BUC. Kent Adams told the council that BUC has not decided where the power plant will be located, but said the company prefers to build in Blanding. He said the plant would provide up r, T' T TS "T ington and Montana. A trading period, December 19 from running through January 3, determined the ratio at which UP&L stock will be swapped for PacifiCorp stock. The exchange is valued at $1.9 billion. UP&L stock was traded on the New York Stock Exchange through January 9, and was delisted or removed after the 10-da- y , close. Company proposes leaseback to city shortly after the companies received the last of the necessary approvals from the seven state regulatory agencies involved and the Federal Energy Regulatory Commission. While the regulatory approval process was more time consuming than the companies anticipated, it afforded them an opportunity to form transition management teams. For the past several months, groups of employees from both companies have been working together to determine how key functional areas can best be structured and operated in preparation for achieving the anticipated savings as soon as possible. The time, effort and decisions that already have been made will allow the T Page 3 to 250 jobs, some of which would be in thermal host greenhouses adjacent to the plant. The greenhouses would hydro-phoni- c be used for year-roun-d vegetable gardening. Adams said while participation does not commit the city to financial obligation, the plant would be a shot in the sum for economic development. He noted that action similar to what he is proposing paved the way for a tannery that plans to locate in Monticello. An added benefit, Adams said, is that construction of the plant would make distribution of natural Blanding. gas viable Oil and gas leases by BLM The Bureau of Land Management received nearly one half million dollars in bonus bids for oil and gas leases on 56 parcels involving some 54,000 acres of land in Utah during an oral auction conducted December 28 in Salt Lake City. A total of 274 parcels in various parts of the state were offered at the sale. Bids were received on the 56 parcels and ranged from $2 to $140 for a 1,200 acre parcel in San Juan County. The highest bid per acre was received from ft Jf & Jf Wintershall Corporation of Denver for a tract in San Juan County. In addition to the bonus bids, the sale netted over $80,000 in first year rentals and over $4,000 in administrative fees. Successful bidders pay a $75 administrative fee and yearly rental of $1.50 per acre for the first five years and $2 an acre thereafter. Unsold parcels were available for noncompetitive lease the day following the oral auction. As of close of business 10-ye- ar December 29, BLM had received 500 offers on such parcels. Loan cancellations are considered part of a farmers or ranchers gross income, and are taxable. For details, see free IRS Publication 225, Farmers Tax Guide. & Herb Klennigh Registered Physical Therapist will be seeing patients & at San Juan Hospital on Wednesday afternoons January 4, 11, 18 and 25 For more information call: from 1:00 to 5:00 p.m. CONTACT YOUR PK1YS1CIATJ OR SAN JUAN HOSPITAL FOR AN APPOIFJTPEFJT q q 4 4 T T 4 4 4T 4 4" 4 4k 54 4 4f 4 T T 4? 4f 4f 4; 'T 4 in ' |