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Show r --y- i t11 p y Incremental LVicinjs The Market In Brief New York Slock Exchange UP&L Shelves Plan Thursday, March 4, 1982 These industrial customers, then, have paid even higher rates based on the costs of future plants built to serve that growth. Under that proposal, customers also would have had to make a firm commitment to pay for the contracted electrical load even if they used less than that amount. Utah Power & Light Co. said Thursday it intends to withdraw an expanded incremental pricing structure submitted several months ago to the Utah Public Service Comission. would Under incremental pricing, new industrial or expanding industrial power users pay premium for the new or additional power. That presumes their load growth was met through the construction of newer and more costly power plants. UP&L president Harry Blundell said the company now feels expanded incremental pricing could deter establishment of new industry and creation of new jobs. Withdrawal of the proposal, he said, should orovide some encouragement for industries to continue to locate in Utah or to expand existing operations. Present Structure The present incremental structure, in effect since 1977, provides that industrial customers needing additional power of more than 15,000 kilowatts, pay rates based on construction costs of generating plants recently built instead of rates based on average cost of all UP&Ls generating units. The proposal would have extended incremental rate pricing to include new industrial customers who request 1,000 or more kilowatts and existing industrial customers who increase their loads more than 1,000 kilowatts. Plant Postponed On Wednesday, Mr. Blundell, an- nounced the company postponed construction of fourth generating unit at the Hunter Plant in Castle Dale, Emery County. Reason: Rates of growth particuin the area larly industrial growth had slowed from original projections. UP&Ls present incremental price rate structuring applies in all three service areas Utah, southern Idaho and southwestern Wyoming. It had not sought expansion of the incremental pricing in Idaho. However, it inends to continue to seek application in Wyoming, Mr. Blundell said. The reason is industrial growth in the Wyoming service area has been so great compared to that of residential and commercial use, that residential rates would have to increase two times under traditional rate making, he said. Much of that industrial growth has come within the past five years through development associated with the Thrust Belt petroleum discoveries. 400,(Xl0-kilowa- yy iy mi The Sail Lake Tribune. 1,034 tt 5. 19S2 I 5 Dow Plunges After Sellin g Wave NEW YORK i.APi Concern over the recession and the corporate earnings outlook helped touch off a new wave of selling in the stock market Thursday, driv tig the Dow Jones industrial average down to its lowest level in almost two years. Trailing was the fourth heaviest on record at the New York Stink Exchange. The Dow Jones industrials, which had fallen 10.68 points Wednesday, dropped another 7.61 to 807.55. That marked the lowest close for the average since it finished at 805.20 on May 12. 19S0. DOWN Friday, .March Big Board volume, which has been mounting steadily smee the start of the week, reached 74.34 million shares, against 70.23 million Wednesday. The record of 02 80 million was set on Jan. 7 of last year .single-sessio- n Primary Force Analysts said the primary force Itcliind the selling apparently was the announcement by Data General, a leading producer of small and medium-sizecomputers, that its earnings for the quarter ending next week would !e 'significantly below inv estor expectations. Data General shares, mure than of which arc in the portfolios of investing institutions, tumbled lit ixunts to 33 after a delayed opening stix'ks. Among other Digital Equipment fell 2 to 32V and Burroughs 2l-- to 34 4 Data point, a supplier of data two-thu- g processing systems which surprised Wall Street several weeks ago with news of lower quarterly profits, fell 24 to Since the start of the year, the company's stink has fallen more than 50 percent Other stocks favored by institutions such as inuision funds, bank trust departments and mutual funds also came under pressure. Drug Stocks mong drug stocks, for example, Merck was off at 71 -. Upjohn lost ! to 477s, and Pfizer was down at 51 Teledyne dropped 3 to 1244; Texas to 144, and Hewlett Instruments Packard 1 to 404 Uoastal Corp., which rejnirted sharply lower quarterly earnings, slumped 1 1 24 to 21 4 Braniff Wants to Have Tickets Honored bv Other Airlines By Christopher Lindsay Associated Press Writer Braniff International lobbied for federal assurances Thursday that tickets will be honored by competitors if it folds, while other airlines tried various ways of improving a gloomy financial outlook. Texas International said it would hand out 5,000 free tickets this weekend in exchange for new or used bus tickets, in what it called the biggest promotion of its kind. Pan American World Airways, the industrys biggest money loser, said it planned to greatly expand its routes. American Airlines announced a promotion for round-tritickets. In other industry developments, Continental Airlines denied it could not pay its bills, and Air Florida, one of the few in 1980, announced it money-maker- s two-for-o- December proposal for a default protection agreement. Under the proposed agreement, all airlines would honor tickets of any defunct carrier, so passengers need not worry about buying tickets from a airline. money-losin- g The Civil Aeronautics Board said later it would vote on the proposal Friday. Dallas-base- d Braniff lost $160.1 million in 1981, a year in which aggregate losses of the 12 major airlines totaled $300 million. In 1980, which had been the airlines worst previous year, the industry lost $225 million. p lost money in 1981. Big Ticket Giveaway Houston, Texas International Airlines, whose parent company owns 51 percent of Continental, announced the 5,000 largest airline giveaway ever tickets. free round-tri- p ashington Meeting Braniff President Howard Putnam met Thursday in Washington with the executive board of the Air Transport Association to discuss the status ol a The tickets will be given away in exchange for new or used bus tickets at the 29 airj)orts Texas International serves beginning at 11 a.m. local time Sunday. In coast-to-coa- st TEN MOST WIDELY FOLLOWED STOCKS IN UTAH Editors, brokers consensus; subject to change. WATER HEATER "Walton" $ C O 95 ALL METAL EXERCISE BIKES BARBELL SET 100 LB. SET FAUCET Peerless PUSH BR9f.l WELL COVER quality, moDdAeRl$7995 steel bars for extra Special rolled strength. Gymnasium quality built to last a lifetime. 150-l- b. BARBELL SET $9995 210-l- b. BARBELL SET $13995 SOCCER LARGE DELUXE SIZE (pictured) . modem US BALL 00 MINI-TRAMPOLI- A. 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