Douglas daily dispatch., 1928-03-09
Aqua PRIETA'S LIGHT PLANT
SOLD TO The PEOPLES LIGHT
AND POWER CO. FOR 100000
Paners Now on WAY to New York, Deal Being Contin-
gent Upon the Approval of Executives of Purchasing
Company, That Course Being Forecasted by Local
Interests.

Negotiations, which both parties tc
the deal forecast will be favorably
terminated within the next week or l6
days, are under way whereby it is exr
pected the new electric plant in Aqua
Prieta will shortly become part and
parcel of the Arizona Edison company
of Douglas as its property and the
franchise of the company which owns
the new plant will be transferred to
the Arizona Edison company. The de-
tails of the purchase have been agreed
upon between the officers of the new
company and col. H. W. Hamblin, OF
Tucson, representative of the Peoples
Power ana Light company OF New
York, the holding company of the Ari-.
zona Edison company.
The town of AgtO2 Prieta has for
something more than l6 years, been
served with power and light by the
same company that has supplied Doug
las and which is now known as the
Arizona Edison company. The move
ment in the town across the border re-
Gently to install a lighting plant and
water plat was lead by S. A. Gard
amer and Y. Soto who organized
corporation among the stockholders
being Governor Fausto Topete. After
the machinery was installed, efforts
looking to the consolidation of interests
were taken up and the result indicated
by the previous paragraph was reach
ed this week
It is understood that the deal in
wolves approximately 100000 and that
the only thing that is needed is the
approval of the Peoples Power and
Light executives in New York, E. Q.
Deal who was in Douglas recently -
ing the president of that company.
The papers are understood to be in
transit to New York now and It is ex-
pected by persons in interest here thai
they probably will be acted upon and
returned here within week or 1Osdays
at most. 1t is, of course, possible that
they might not be approved, but the
forecast by both interests here is that
they will be-.
Colonel Hamblin, who has carried on
the negotiations for the Peoples COM
pany told the Dispatch yesterday that
the machinery and equipment OF the
new company which becomes the prop
erty of the Arizona Edison by the pur-
chase represents an investment OF
about $4,000 to. $65,0O0. The machin-
ery has been installed within the last
60 days and Wis put into operation
within the last 30 days. -
The Arizona Edison company is al
ready hooked up in Aqua Prieta and
it viii mean merely the continuance
of service from this side Whether
the new machinery will be retained
there for emergency uses or will be dis
nNantled, if the trade is completed,
could not be forecasted yesterday. That
is matter for the operating depart
ment of the new owner to settle.
Governor Topete, who was here last
week inspecting the property and Wno'
as stated, is Stockholder in the COM
pany, will be in Douglas today and he
will be in conference with Colonel
Hamblin concerning some of the de-
tails of this and other deals IN which
they have mutual interests. The COLI
onel remained in Douglas yesterday
irstead of returning to his home IN
Tucson. in order that he might keep
the engagement with the governor
It is understood that until it required
this franchise through the deal now IN
process of completion, that the Arl-
zona Edison company was operating
without a franchise in the town or
Aqua Prieta, having extended its lines
there as a matter of convenience to
| the people of the town and that the
opeHation was without a charter rlgnts,