Acting favorably on the recommendation of its Power Board, the Ephraim City Council has approved the purchase of a 1 percent interest in a Utah Associated Municipal Power Systems transmission line from Craig, Colo., to a substation in Mona, Juab County.
The city will pay $1,200 to $1,300 a month for its share of the heavy- duty line until the bonds that were issued by the system to cover the construction are paid in 15 years.The line will carry power from several Colorado sources, as well as provide a hookup to the coal-fired Bonanza plant about 20 miles south of Vernal.
The Power Board said that Ephraim will benefit in several ways from its part ownership of the line. A major advantage will be availability for the transportation of cheap power from several sources when the demand requires it.
The city also will be able to lease its share to other systems when not needed by Ephraim. And in 15 years the line will be clear of the financial encumbrance of a bond issue, with its interest and principal payment requirements completed.