Show I I I i I I I I l I I I i I I I I I Utah Power Light Construction Program I I. I I Nearly 15 million was spent by Utah Power Light Co during 1951 I for tor construction of ot new electric facilities ties it was revealed today by George M. M Gadsby president of ot the concern This he said is In line with the trend of ot the nations nation's electric power industry which last year spent 2 billion bUlion for tor new building Mr Gadsby who as president president dent of Edison Electric Institute is spokesman s for the entire industry pointed out that an additional 2 82 4 billion is budgeted for 1952 unless material shortages delay delivery of ot I equipment Utah Power itself plans to I i t spend 16 million in 1952 as It enters I 1 tho the fourth year of a year five-year 68 rail mil J l lion ion expansion program mn-I mn The year 1951 declared Mr Gadsby may well go down in the Industrial history of ot America as marking the great great- greatest greatest greatest est expansion planned and accomplish accomplish- accomplished ed heretofore achieved by any nation since the beginning of ot the Machine Age Giant new steel plants aluminum pot poti lines Unes phosphate furnaces enormous installations for atomic energy and pro pro- ducts fabricating plants chemical c hem h e m l i pro pro-I car c a works all these and more spurred by byI b y the needs of ot Defense Mobilization are I coming into being across our country count ry from east to west and north to south I And they all must have electricity The electric industry again respond respond- responded ed to the needs of ot all these fast swelling g industrial enterprises and at the same time met the demands for fo r more and more electricity in the home on the farm and by the commercial users for better lighting and the multi multi- multitudinous varieties of utilization devices he very tact fact fact he said that elec elec- electricity must be there and must be there Cher first has put the suppliers of ot this all all- allI alle essential service in the forefront of ot th the e race ace for more production of or everything ing g from rom war material to butter and eggs Now at the years year's end it is opportune to i make a n back check on the 1951 1 record rec During the year the demand for powe power was met excepting in one or two areas are where nature conspired to reduce stream flows thus curtailing g hydro hydro electric c output In only one Instance the Pacific c Northwest declared the EEl chief did de d the situation warrant the preparation of ot o 1 a federal curtailment order then time timely Y rains made enforcement unnecessary Admittedly in spots the margin of o 11 f supply over demand was thin but the th e answer stays the same the same the needs were e met The near completion of area coverage e of rural electric service also featured th the year 1951 At years year's end 98 per cent of the farms in the U. U P. P L. L service are area a had electricity available Emphasis in i n farm electrification is shifting from the th e almost completed area coverage by pow pow- power er lines to more Intensive development nt of at equipment and methods which wl will 11 enable the farmer to make more profit able use of ot the electric service at his hi s disposal v 10 Electricity as an inexpensive helper help er In Industry and In the home was further forth r emphasized by contrast with the up up- upswing swing in most prices in the past twelve twelvemonths twel ve months pointed out Mr Gadsby The home consumers consumer's dollar in fa 1951 pur pur- purchased purchased pu r chased only 44 cents of the 1939 value val ue In food only 49 cents In clothing 74 cents in rent but bought electric ser 1 ser ser- service se t- t vice that would have cost in 1939 1931 9 This Th is s due primarily to Improved effi- effi eff 1 clency of ot electric generating plants and an d In better company operating practices Total electric generating capability of o f Utah Power Light Co in peak season climbed to kilowatts at the en end d of 1951 with the installation of 66 kilowatts of or additional capacity during the year Over 16 billion bUllon kilowatt hours of 01 electric power were generated and pur pur- purchased purchased purchased chased by the company in n 1951 1951 25 0 million kilowatt hours more than 1950 s production About new customers were added adde d U to U U. P. P L. L I lines during the past year yea r bringing the total to customers The prospect is for far a slight drop in the th e number of ot new customers added In n 1952 I Ithe the total for last year being bein about the th e I same as nc 1950 Annual Annual sales ies in 1951 crossed the 11 3 billion kilowatt hour mark for the first firs t time having advanced by some mil million million I lion Hon kilowatt hours over 1950 Domestic c electric use continued high too with U. U Uj U i iP I P P. P s L. L customers consuming an average average e I of or 2942 kilowatt hours last year 47 year 47 per percent pe r I I cent more than the 2000 kilowatt hours hour s rs f fused used on the average nationally Reflecting the added add a d d e d industrial I growth of ot the area U. U P. P L L. increased Increase d its sales to Industrial customers by al almost al- al almost almost most 17 per cent sales to commercial customers Increased per cent continued con con- I the power company executive j I I Large industrial users boosted their use of ot power power during the year over 86 million n kilowatt hours to a total of kilowatt hours by far the largest annual increase nSe on record U. U P. P Ls L's total electric revenues increased In Increased in- in increased creased more than 11 per cent over the tho previous year to a new record of 22 million but due to more taxes higher wages wage and prices its net income de de- decreased decreased de- de decreased creased from 41 million in 1950 to i I million In 1951 I I I Taxes of all kinds continue to be bo one I of the largest items of expense with Utah Powers Power's tax bill in n 1951 reaching I 5 2 5 2 million Of or this 3 million went to the tho Federal government and 2 million to state and local governments Some of or each dollar received by the company went into taxes The Tho close of 1951 said Mr Gadsby marked six years rs of electric industry growth which ranks as one of Americas America's most dramatic industrial achievements During the period 1946 1951 the Indus Indus- Industry Industry industry I try increased its total generating capa capa- capacity capacity II city by 55 per cent leaving the U. U S. S S capable of ot generating 43 per cent of the worlds world's electric power And in these I same six years Utah Power itself has invested 48 million In new facilities with plans calling for an additional 34 million in plant and equipment to be added between 1952 and 1954 Completion of the company expansion expansion I sion afon program will boost its total gen gen- generating generating capability by 82 per cent The Industry as a whole will have a total of million kilowatts at the end of or I f moro more 1954 moro than twice the total at the end of ot World War II 11 The fulfillment of or I I these plans is contingent upon the the availability of ot vital materials to elec elec- electrical electrical I equipment manufacturers and I I electric power systems i i This review staled stated Mr 1 Gadsby Continued on Page Four I I I a Utah Power Light I Construction Program I Continued from Page Pace One cannot bo be bl concluded without refer refer- reference reference reference ence to the continued use of the heavily burdened taxpayers taxpayer's money for tor extension i I f of ot government ownership In the business I lof of supplying electricity Much of ot this tax money Is being spent for unnecessary j I sary and duplicating facilities Only I i Congressional vigilance prevents an even I worse outpouring of ot tax money from the they y U V. V S. S S Treasury In business enterprises I tho the Federal government is not and has hast hasI I t not been economically successful but butI I always a drain of our taxes It has amply l j demonstrated the same inept cost esti estI- estimating estImating estimating mating and failure to meet all the costs In the electric power business b So-called So i I private enterprise actually true public ownership through through wide distribution of o sharo share holdings holdings is Is the most efficient agency for all business and the Socialism Social Social- ism lam of ot government ownership has social social-I over ever everand and always resulted In more taxes poorer service and special privilege for tor fora tora a favored few tew The danger of ot losing our free enter enter- I enter plO r system null anU yielding to a a planned economy administered for ppl ical l al ob- ob obI n concluded 1 was never never before I I in our history as great as it is 5 now Socialism if 11 tolerated and en en- in the the field held of electric supply will soon hold all industry and then all people in its stifling power The Ameri Ameri- American American American through their ownership of can people American Industry as Investors and shareholders can and for and for the sake of ot our country Itself will itself will build on great plans holding the worlds world's first place in inan Inan inan an adequate dependable electricity supply for every want and need No tax burden no government subsidy Just service |