The Utah Associated Municipal Power Systems said it has made its final mortgage payment on its share of the Hunter II power plant near Castle Dale in Emery County.
UAMPS, a consortium of 45 municipally owned utilities in eight Western states, issued $66 million in bonds on May 1, 1982. The money was used to purchase a 14.6 percent interest in the Hunter II project, which represented about 57 megawatts of the 390-megawatt coal-fired generating unit. A megawatt is enough electricity to run the appliances in approximately 750 homes.
"It's all ours, no more payments to bond holders. It's kind of a good feeling," Douglas Hunter, UAMPS general manager, said in a statement announcing the final payment. "We actually paid the bonds off four years earlier than anticipated by the original agreement."