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Show THE SALT LAKE TIMES FRIDAY, AUGUST 16, 1974 Utah Power Announces Sale Of Western Colorado Power Co. Sandy Paratrooper Utah Power & Light Co., announced the acceptance of the highest and best offer" of abut $20 million for The Western Colorado Power Co., a western Colorado utility it has owned since Utah Power & Light Co.s foundThe offer was ing in 1912-1submitted by a group of rural electric cooperative associations serving the same general area as WCP: LaPlata Power; Rural Power Lines, Inc.; Empire Power; San Miguel Electric Power; Colorado-Ut- e Association. The joint venture among the cooperatives goes under the name Western Color3. Delta-Montro- ado Power Agency. se , The announcement was made by E. A. Hunter, president, Utah Power & Light Co. and The Western Colorado Power Co., who said that the acceptance of the offer was subject to the Securities and Exchange Commission and other federal and state regulatory agencies. The Western Colorado Power Agency is headed by William K. Graw, chairman and John J. Bugas, vice chairman. Sealed bids the third round of bidding for Western Colorado Power Co. were opened Friday at Utah Power & Light Co.s general offices. Two other organizations submitted bids in addition to Western Colorado Power Agency. They were Financial Planning Associates, a Danbury, Conn.-base- d company and Western Colorado Electric Co. of Milwaukee, Wisconsin. The WCPCo. provides about four percent of UP&Ls consolidated operating revenues, and it is not expected that the sale of the Colorado subsidiary will materially affect the parent companys operations. The historically colorful WCPCo. serves 3,000 square miles in the extreme southwestern corner of Colorado between an area just north of Montrose extending southward throughout the San Juan mountains to the Durango area. The Western Colorado Power Co. sale was precipitated by an order of the SEC directing a review of a Securities Act concernwith ing its physical connection Powthe parent company, Utah er & Light. Mr. Hunter said physical interconnection of the two systems was not feasibly economic at this time and the only alternative was sale of the property. Terms of the sale included cash for WCPCo.s operating properties less the value of certain distribution properties in the state of Utah, which would be transferred to UP&L ownership. The offer for the properties and the trade of Utah properties is based on the net book value of the facilities (original cost less depreciation). Other terms of the offer included job protection of all WCP employees. Mr. Hunter raid when the transaction receives necessary approvals from government agencies, customer records, bills and other services will be automatically transferred to Western Colorado Power Agency with a minimum of inconvenience to the customer. Currently, UP&L owns all of the common stock of Western Colorado Power, which has its own vice president and treas- urer. Western Colorado Power has three six generating plants steam-electrand three hydro. a few until Up years ago, the these plants from generation ic Returns To Work In Enlistment Program could carry the requirements for its customers, but in recent years it has had to depend on outside sources for most of its power supply. The WCPCo. was incorporated March 12, 1913 a subsidiary of Utah Power & Light Co. At the time of its organization, it represented a consolidation of four predecessor companies. One of their predecessors successfully constructed and operated the first transmission of alternating current in the poses. It also founded one of the United States for industrial first schools to offer practical courses in electricity. Western Colorado Power and its predecessors also had a fajor part in the develpoment of transformers, lightning arrestors, transmission line deinsulators and sign, high-volta- ge pur-natio- ns high-volta- high-volta- ge ge Private First Class Mark Mallory, a paratrooper in Americas Guard of Honor will be return- ing to his hometown of Sandy, Utah where he will be working with the Unit of Choice Enlistment Program of the 82d Airborne Division. PFC Mallory graduated from the South Gate High School in South Gate, CA., where he played football as a Junior, but was unable to continue playing due to a leg injury. His hobbies are backpacking, scuba diving, and motorcycle racing. He entered the Army in April, 1973 and was sent to Fort Ord, CA. for Basic Combat Training. Following basic training, he was on his way to Ft. load dispatching methods that helped set the pattern for transmission and distribution Page Five Sam Houston, Texas for ad- anywhere in the world on short vanced Individual Training as a notice and fight upon arrival. medic. He was then sent to Ft. PFC Mallory and other ALL Benning, Georgia for the Armys AMERICAN Unit of Choice Jump School. representatives are looking for to his 82d arrival the men to join Americas combined Upon Airborne Division, he was as- arms team. signed to Headquarters & HeadThis recruiting program alquarters Troop, 1st Squadron lows an enlistee to choose the (Air), 17th Calvary where he military unit with which he serves as a Medical Aid man. wants to serve. The program is I enlisted for the 82d Air- for Combat Armsm Military borne Division because I wanted Speciaties (MOS) and to be in the best unit. I'm proud requires a three year initial ento be in the Armys first line listment period. A similar proreaction force. gram, Special Unit of Enlistment is also offered by the rePFC Mallory said, Im going to tell young enlistees the truth, presentatives. some days are long and hard, This allows a man to serve in then there are other days with a unit with the 82d Airborne little to do. Division in any MOS of his The 82d Airborne Division is choice, providei the position is the first line reaction force in available. An insured duty peris also offered our countrys defense and has a iod of of honor in service and for those who qualify in their heritage both World Wars, the Dominican MOS and Airborne Training. Republic and the Republic of Further explanation of these Vietnam. As Americas only air- and other enlistment options can borne division, its mission is be obtained through PFC readiness; to be able to deploy Oc-cupatio- 16-mon- ths Utah Power talks about your electric power: Without electricity for imgatioiL much of tM areas food production and economy would he left high and dry. Water. Here, it means the difference between a bumper crop, a very poor jOne or none at all. And Utah Power would like to talk to you about the part electricity plays in bringing water to area farms and . ranches. Right now, for example, some six hundred seventy-fiv- e thousand acres in Utah Power & Lights service area are thousand irrigated, and about twenty-fiv- e new acres are being brought under cultivation every year. Electric pumps supply water to feed irrigation canals, and mobile sprinkling systems to irrigate the fields. It takes a lot of water . . . and a lot of electricity. In fact, the amount of electric power needed for irrigation has more than doubled in the last 10 years, adding substantially to Utah Power & Lights peak demand. These crops r.re important to the food supply of the nation and the economy of this area. And it takes water and electricity to make the crops and the economy grow. And, since youre a customer, you have a right to know what agriculture asks of Utah Power in this area. na |