Show REA approves new loan for Moon Lake Moon Lake Electric was notified Monday that its request for loan funds in the amount of had been approved by the Electrification Administration in D. C. THE FUNDS borrowed are to bo used to finance construction of new lines to serve new customers m the area served I by Moon Lake and to increase capacity of existing facilities to adequately serve existing loads Among the areas for which new services are contemplated are Brown's Park in Daggett Utah and Moffatt and the Strawberry-Bryant Fork area in Wasatch Utah ADDITIONAL transformer capacity will be installed in Jensen and to load growth which has developed since these areas were first In new consumers will ultimately be served use of these A portion of the funds will pay for materials used in making a recent Interconnection with the Uintah Power and Light Company of Reports from Duchesne indicate a definite in voltage stability since the connection wras Funds drawn under the terms of the loan will be repaid to the Rural Electrification Administration over a period of years with See REA Back Page REA from page 1 1 SYSTEM and new construction made borrowed funds differ from company financing in that the entire principal amount of such borrowed funds must be repaid with interest over a definite while stock certificates issued by a company to finance new are rarely redeemed in the principal amount by the issuing company |