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Show Utah Power & Light Co. Gives Details on New Expansion Plans Utah Power and Light Co., Monday discosed a vast new expansion program calling for expenditures of $233 million dollars throughout its service area in Utah, southeast Idaho and parts of Wyoming and Colorado during the next five years. The announcement was made by Utah Power and Light Co's newly - elected president E. Allan Hunter who pointed out that such expansion calls for investment at an average of $3 million each month over the next 60 montns. Mr. Hunter said that $134 million of the $223 million planned expenditure in the next five years would be new money from investors all over the nation. The remaining amount, he said, will be generated gen-erated within the company. "I know of no other company within the area that plans to pour such sums into our economy econ-omy in so short a time," he said. Looking ahead when development develop-ment of the area's latent resources re-sources will create more and more demand for electrical energy and an accompanying growth, Mr. Hunter said the new facilities to be completed or under construction during the next five years would include in-clude a minimum, of 660,000 kilowatts of new generating capacity. That's enough energy ener-gy to supply the needs of a city about three-fourths million people. peo-ple. The rest of the new facilities will include transmission and distribution lines, substations and other equipment throughout through-out the utility's service area. They will provide service for new customers, for increased electrical demand of present customers and delivery of the same high quality service we have been delivering to our customers, Mr. Hunter said. The electrical utility executive execu-tive said this year the initial year of the five year program-Utah program-Utah Power and Light Co. directors dir-ectors have approved expenditures expend-itures of $26 million for new and improved electrical facilities facil-ities throughout the four-state area. The 1969 construction expenditure, he said, will bring to $228 million the company has spent in the last 10 years to pace the constantly increasing increas-ing service requirements to the area. That sum is more than the utility spent in total investment invest-ment for all its 46-year history prior to the 10 year period. |