Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Utah Power & Light Company Deal - Lehman Brothers Collection

Utah Power & Light Company

Company Dealissuance and sale of $8,000,000 first mortgage bonds 3 1/8% series due 1978 and $3,000,000 8 1/2% sinking fund debentures due 1978
Transaction TypeFirst Mortgage Bonds / Sinking Fund Debentures
Deal DescriptionUtah Power & Light Company added the net proceeds from this transaction to its general funds and applied such funds to general corporate purposes, which included capital expenditures for construction. The principal items in the company's construction program included additional production facilities, an additional steam-electric generating station in Durango, the installation of new and additional generating and transformer capacity in Tacoma, transmission and distribution lines and facilities, and vehicles and miscellaneous equipment.
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