Gulf States Utilities Company
| Company Deal | $15,000,000 first mortgage bonds 4 1/4% series due 1986 and 100,000 shares common stock |
|---|---|
| Transaction Type | First Mortgage Bonds / Common Stock |
| Deal Description | Gulf States Utilities Company used the aggregate net proceeds from these transactions to pay off $18,000,000 of short-term notes issued to provide funds for construction purposes. Any balance was added to the general corporate funds. Estimates of future load growth necssitated the continuation of the company's construction program. Orders were placed for three 100,000 kw generating units with necessary boiler capacity. |