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Show 4A Emery County Progress Tuesday, August 18, 1987 Utility company explains merger plans Light Co. and PacifiCorp announced that they have signed a definitive merger agreement approved Aug. 12 by the boards of directors of each company. Under the agreement, each share of UP&L common stock Utah Power v : We all know guys who like to talk a lot about themselves and the lives they've led. We hear stories from them over and over about the "the time when. . ." and we begin to wonder if they are lonely, senile, damaged records or what. Sometimes feel like I'm telling things I've told before when write about experiences from my youth and from days at school. "Haven't we heard Davis talking about this deal back in Idaho before," can hear a reader of the Progress say in some of my more paranoid moments. was thinking recently about writing of my first day of school back at Lincoln Elementary, but I'm sure I've mentioned it before. But anyway, I've been away for awhile and I've got a whole bunch of new things that haven't written about, and I'm positive you haven't heard about them. If get them into this column as soon as possible, they'll be forgotten by me and everyone who has read them in a few years, and then I can tell them again. While on vacation, we spent three days at Dodger Stadium in L.A., watching the Cubs and the Dodgers play. By the third day we were pretty sick of the Dodger Dogs, but the baseball had been very enjoyable. On the first day we got there in time to watch batting practice. We had seats in the right field corner, just inside the foul pole. A lot of guys hit home runs our way in warmups, but, scramble as we might, we didn't get any of the balls. We had even come prepared with our own mitts. Later in the game, two homers were hit right where we were sitting, one by Andre' Dawson and the other by Kenny Landereaux. Still, we didn't get a ball. The next day we had seats in the same area but still missed getting a ball during batting practice. By then my son was pretty bummed out. "Don't feel bad about not getting a ball," told him. "I've been going to games all my life and haven't got one yet." The Cubs were getting beaten pretty badly In the nationally televised Saturday afternoon game, so the Davis family, Diehard Cub Fans every one, was not happy. Then in the bottom of the seventh, Dodger catcher Mike Siocicia hit a blast to right field which we could see was coming our way but appeared to be a few rows short of where we sat. My wife rushed down the aisle to make the catch, but the ball hit the aisle, bounced over her head and came up to where was standing. With amazing dexterity, I leaned over the row of seats in front of me and snagged the ball, using both hands just like had been taught in my days in Little League. A Cub fan catching a Dodger home run ball in L.A. didn't set too well with the fans around us, but didn't care. It e was a once in a opportunity, and held tightly onto the ball. Dodger Stadium has a large screen in center field where highlights and replays are shown. The next day we went to the game, knowing that the great catch the kid from Utah had made in right field might be displayed for all to see. As waited in line for Dodger Dogs with the whole Davis gang, the replay came on. There I was, snagging the ball, a perfect play perhaps the best catch of the day. But looking at it, felt a little strange. "Gad, look fat," muttered. Then the kids came running over with the Dodger Dogs, and we went to our seats. I I I I I I I I I I life-tim- I I I I I be will & exchanged for PacifiCorp common stock with a value of at least $32.25 per share and a maximum of $38 per share. Shares of UP&L preferred stock will be exchanged on a basis for PacifiCorp preferred stock. Both the common and preferred transactions will be share-for-sha- re tax free. To the editor: Dear past and residents of Kenilworth; present Weve set the date and made all the plans for a great Kenilworth Day on Aug. 29, 1987. Make your plans now to attend. The parade down Main Street will begin at 10 a.m., starting at the south entrance to town and ending at the new ballfield located just north of the old hospital and doctors residence. Signs will be up directing you to the ballfield activities. Children are asked to decorate their bikes and buggies in crepe paper and join in. A small gift will be given to all who participate. There will be a guest register table located at the ballfield for everyone to sign in and receive a welcome name tag. Special prizes have been planned for those past residents who have come the farthest and for the oldest past residents. The program will follow. There will be a brief history of the town of Kenilworth and introductions of past residents. Games have been planned for everyone from young to old. A luncheon to be held at the town hall has been planned for 11 a.m. to 3 p.m., beginning with the older guests. During the luncheon, two beautiful quilts and other prizes will be raffled off. Tickets for the raffle can be purchased up to the raffle time for a donation of $1 per ticket. The games and fun will continue until 5 p.m. when the town will play its opening dedication ball game on the new field. We sincerely hope the day will end for you with fond memories of many old aquaintances renewed. Yours truly, The Kenilworth Day Committee Wheres the bickering? To the editor: Surely every taxpayer in the county must be as pleased as I am that our county officials of opposing political parties cooperate so well. Usually, there is constant bickering between those of the Jackass persuasion and those who prefer to be Dumbos. But not m Emery County. Our elected officials look out for each other regardless of party affiliation. Where else could you find a Dumbo assessor who would raise taxes at the same time a Jackass treasurer is gambling our excess tax money with all a the sagacity tourist at the Las Vegas slot machines? We are undoubtedly the envy of the civilized world! What a thrill to be informed of d percent of its electricity at generating plants. UP&Ls major generating plants will continue to burn coal produced at adjacent coal mines. Pacific Power obtains about 30 percent of its electricity from hydroelectric dams, with the d balance coming from coal-fire- coal-fire- The merger is subject to approval by the shareholders of both companies, regulatory approvals and other conditions. Tbe companies have agreed to seek approvals at the earliest practical time. UP&L had 58.6 million shares of common stock outstanding as of June 30, 1987. As a result of the merger, UP&L shareholders would own approximately 40 percent of the outstanding common equity of PacifiCorp at the time the transaction is closed. Announcement of the merger agreement was made last Wednesday in a joint statement by David F. Bolender, president of Pacific Power & Light, and Frank N. Davis, president and chief executive officer of UP&L. The company presidents said they are "convinced that the merger offers substantial advantages that will be beneficial to all concerned, including customers, shareholders and employees of both organizations and the states and communities both companies serve. Key among these advantages are operating benefits that should yield greater efficiency and improved longterm competitiveness for the utility operations of both companies, said. the presidents PacifiCorps current electric operations conduct business as Pacific Power & Light Co., serving some 670,000 customers in Oregon, Washington, plants. The two companies experience peak demands for electricity different during seasons and at different times of day. Pacific Power operates an extensive power transmission system that runs primarily east and west from the Pacific Coast to the center of Wyoming. Utah Powers strategically placed transmission system runs primarily north and south from Idaho to Arizona and the southwest. By combining these diverse resources, the companies will be able to increase the efficiency of power generation through the region, the release said. UP&L will be able to delay construction of a new power plant in the late 1990s, a step that could result in significant savings. The combined transmission system would give UP&L customers improved access to lower cost power, while increasing Pacifics ability to sell surplus power to markets in the southwest. belive this merger presents a rare opportunity for all parties to benefit, said Mr. Davis. By taking advantage of We regional economies cost-effecti- of both long-terover the companies UP&L has not filed for a general rate increase in Utah since January of 1984. Pacific Power & Light has a commitment to its customers, who already enjoy the benefits of lower cost power, of stable rates through the remainder of this decade. Under the merger, UP&L would retain its name and local operating structure and will maintain its headquarters in Salt Lake City. PacifiCorp and UP&L have agreed to maintain the UP&L organization largely in its present form. UP&L, however, will continue a program of costcutting that was instituted earlier this year. That program, which involves scrutinizing the efficiency of every area of the company, could result in more layoffs. The larger PacifiCorp organization, however, could hold employment opportunities for UP&L employees. UP&Ls current board of directors would continue to oversee the Utah utility. Upon consummation of the merger, rates for customers three representatives from UP&Ls service area will serve on the board of directors of PacifiCorp. In addition, as PacifiCorp board vacancies and occur, the company we will be able to strengthen both companies. In the process, UP&L shareholders will benefit as they become shareholders in a successfully diversified firm, and UP&L customers will benefit from lower cost power. Our reason for taking these steps is simply that it makes good business sense, said Mr. resources, A preliminary hearing has been set for Sept. for Phillip F. Cox, 29, Ferron, who has been charged with rape, a first degree felony. 24 seems, is the desire for a steady income, and along that line Im just about as qualified as the next person. Keith Wright Clawson Club says thanks To the editor: The Emery County FFA Horse Judging Team would like to thank the following people and organizations for their help and support which enabled us to attend the national contest in Tulsa, Okla.: The Oak Creek Band, Emery FFA, J&D Auto, Kay Truman family, Mack Huntington family, Territory Land, Castle Dale Lions Club, Emery County School District, and especially our parents. Greg Huntington Ryan Johansen Will Kofford Shannon Johansen Wendy Lemon, advisor Appearing with his attorney before Judge A. John Ruggeri in the Eleventh Circuit Court on Aug. 13, Cox was given the preliminary hearing date. He has been released on bail. In addition to the rape charge, Cox faces a charge of burglary of a dwelling, a second degree felony. The charges came after an investigation into an allegation made by a county woman. The incident allegedly occurred in July. New charges were also filed against Cox in another incident. In court last week he was with cruelty to a class B animals, misdemeanor, and carrying a loaded firearm on a street, also a class B misdemeanor. The incident allegedly took place July 18 in Ferron. In other action, a preliminary hearing has been set for Aug. 20 for Gary Robert Strange, 30, and Sandra E. Strange, 26, each of District Heights, Md. The two have been charged with theft of charged a motor vehicle, a second degree felony. They were arrested on Aug. 10. The judge set bail at $5,000 for each defendant and appointed public defender Allen Thorpe to 1-- 70 Award given for book first-tim-e The Mormon History that our $30,000 loss was only a kids allowance in comparison Association has given its award for the best book in the field of Mormon history published in 1986 to Thomas G. Alexander, professor of history at Brigham Young University. Alexander, director of the humanity is restored. I only ask that county residents keep me in mind for the next election. The sole qualification for county office, it Western Studies at BYU, won the award for Mormonism in Transition: A History of the Latter-da- y 0 Saints, the University of published by to losses others have taken. Its unthinkable that we shoud question the actions of anyone with such candor. My faith in Davis. By vastly increasing the efficiency of our power system, we will be better able to compete in our rapidly changing industry. We will be able to remain profitable for our shareholders and for our customers. PacifiCorp anticipates rate decreases for UP&L customers of five to 10 percent over the next four years. In addition to the anticipated rate decreases, the merger should stabilize will seek additional individuals from UP&Ls service area to provide a more balanced geographical representation. UP&L and PacifiCorp shareholders will be asked to approve the merger at special meetings yet to be scheduled. Proxy materials and a prospectus will be sent to all shareholders several weeks before the meetings. Under the merger agreement, PacifiCorp and Utah Power & Light will merge into a newly formed Oregon corporation that will maintain the PacifiCorp name. The merger agreement provides that a formula, based on the average closing price of PacifiCorp stock during a trading period after all 10-d- ay approvals are received, would be used to determine the number of shares to be received by holders of UP&L common stock. If the PacifiCorp closing price is equal to or less than $35,475, but more than $33.70, each share of UP&L common stock shall be converted into that number of shares of the surviving corporations common stock as shall be determined by dividing $32.25 by the PacifiCorp closing price. If the PacifiCorp closing price is equal to or less than $33.70, each share of UP&L common stock shall be converted into .957 shares of the surviving corporations common stock, subject to the right of UP&L to the terminate agreement, unless PacifiCorp elects to provide shares equal to $32.25. If the PacifiCorp closing price is more than $35,475, but equal to or less than $41,804, each share of UP&L common stock shall be converted into .909 shares of the surviving corporations common stock. If the PacifiCorp closing price is more than $41,804, each share of UP&L common stock shall be converted into that number of shares of the surviving corporations common stock as shall be determined by dividing $38 by the PacifiCorp closing price. Each PacifiCorp common share will be converted into one share of the 'surviving corporations common stock and each preferred share will be converted into one share of the surviving corportations surviving corporations preferred stock. Each UP&L preferred share will be converted into one share of the preferred stock. circuit court forum Kenilworth celebration Wyoming, Idaho, Montana and California. Utah Power & Light Co. serves about 516,000 customers in Utah, Idaho and Wyoming. UP&L and Pacific Power complement each other in several ways, according to a press release from Utah Power. UP&L generates about 95 Charles Redd Center 1890-193- for Illinois Press. He was honored at the MHAs presidential banquet in Liverpool, England. This is the fourth MHA award Alexander has won. He previously won best article awards in 1968 (with James B. Allen), in 1976 and in 1980. A native of Ogden and a graduate of Weber State College and of Utah State University, he earned his doctorate in history the University California at Berkeley. from of represent them. William J. Sickles, 24, Lancaster, Calif., and Curtis M. Marbach, no age or address given, were arraigned on charges of possession of a controlled substance with the intent to distribute, a second degree felony, and possession of a controlled substance, a class B misdemeanor. The two apparently had marijuana, LSD and psilocybin mushrooms in their possession when they were arrested on Aug. 9. 1-- The judge appointed Mr. Thorpe to represent the two and ordered that the matter be continued to Aug. 20. Eugene M. Charley, 41, Rigby, Idaho, was arraigned on charges of driving under the influence of alcohol, a class B misdemeanor, driving on suspension, a class B misdemeanor, and driving left of center, also a class B misdemeanor. However, the defendant agreed to plead guilty to the first two counts while the state agreed to drop the third charge. Judge Ruggeri then suspended $100 of the therapy fee and dismissed the mandatory jail sentence since the defendant had already spent five days in jail. He was fined $575 and is to pay that off at $75 per ay month. Charley was arrested near Woodside on Aug. 9. Mark Roy Birrell, 24, Ephraim, was arraigned on charges of DUI and having an open container of alcohol in a class B misdemeanor. The court agreed to set up a diversion agreement which will include full restitution. Richard B. Pickering, 45, Payson, was arraigned on charges of speeding, a class B misdemeanor, and driving on revocation, a class A misdemeanor. The matter was continued to Sept. 10. Jeffery R. Tripp, 28, Castle Dale, was given a trial date of Oct. 1 where he will face charges of driving on suspension, a class A misdemeanor. The charge was filed Feb. 19, 1987. The case of Robert James Emerson, 70, Cleveland, who has been charged with DUI, was continued for 30 days for discovery. A trial date of Oct. 15 was set. A bench warrant was issued for Richard E. Faast, 25, Green River because of the defendants failure to appear on charges of driving on revocation and unlawful taking of a vehicle. Bail was set at $1,000. Kirk E. Riley, 23, Castle Dale, appeared for a hearing on a probation violation. He was told by the judge to continue his alcohol therapy through Alcoholics Anonymous and send a voucher to the court confirming his participation in the program. Erick L. Spotten, 41, Salt Lake City, who has been charged with speeding, misdemeanor, a class reached a diversion agreement with the court and paid $120 in court costs. vehicle, each a class B misdemeanor. Gary L. Baker, 29, Fairview, I was assessed a fine of $400 for a .Were Jightlng charge of driving on revocation, A a class misdemeanor. Gaylynne A. Nielson, 25, Huntington, was arraigned on a charge of issuing bad checks, a B American Heart fib Association |