Gulf States Utilities Company
| Company Deal | 239,578 shares common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Gulf States Utilities Company used the net proceeds from this transaction for general corporate purposes and the financing of a portion of its 1952 construction requirements. To meet the requirements of the increase in volume of its business and to improve the ratio of generating capacity to maximum load, the company had been engaged since 1946 in a substantial construction program in the rapidly growing area served. |