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Show Utah Power Plans To Acquire Telluride Power Co. I Utah Power & Light Company I will acquire control of Telluride Power Company and operate it I as a subsidiary under terms of a plan filed Jan. 21 with the I Public Service Commission of Utah. The move will add 7,000 sq. miles of Central and Southern , Utah agricultural, industrial and mining area to the territory al-j al-j ready served by the Utah Power & Light Company. Acquisition of Telluride by i Utah will extend the advantages and opportunities of larger company com-pany to the Telluride system. j It sets forth that six Telluride stockholders who. hold 80 per cent of that company's stock already al-ready have accepted the UP&L ofer and that the same proposal will be extended to remaining Telluride stockholders. The proposal pro-posal is subject to approval of regulatory authorities. President E. M. Naughton of Utah Power & Light pointed out the Telluride company's service lies adjacent to and south of the UP&L service area and that Telluride for many years has received the bulk of its electrical energy from UP&L. "The two companies for some timeihave been working on plans for a large capacity, high voltage transmission line through the heart of the Telluride territory, which eventually may be used to bring Glen Canyon power to the citizens of Utah. "This proposed corporate connection con-nection between the two companies com-panies will expedite the building of this important link in the marketing of the Glen Canyon power," he said. ' |