Tucson Daily Citizen from Tucson, Arizona on February 12, 1976 · Page 8
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Tucson Daily Citizen from Tucson, Arizona · Page 8

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Tucson, Arizona
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Thursday, February 12, 1976
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Page 8
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PAGE a At rate hearing TGE cites fears of new financial crisis T U C S O N D A I L Y C I T I Z E N By JOHN BRET HARTE Citizen Staff Writer Tucson Gas Electric Co. may face a new financial crisis unless the Arizona Corporation Commission a c t s promptly to grant the utility the rate increase it has asked, a TGE official says. Lawrence V. Robertson Jr., TGE vice president and general attorney, told the commission yesterday that if the company does not get the rate increase it has asked before late spring, it will be forced to go to banks again to borrow short-term money for its operations and expansion program. Large amounts of short- term borrowing led to what Theodore M. Welp, TGE's senior financial officer, referred to earlier in the current rate hearings as a "financial crisis" for the utility in 1974. With $137 million in short-term debt, TGE in that year had to ask the commission for two rate increases. TGE used the additional money the commission gave it in higher rates to convert its capilal structure to long-term financing through bonds and common and preferred stock. The utility now has no short- term debt, a situation applauded by several economists who have testified at the hearings. Robertson said yesterday that if the commission fails to give the company rale relief by June, "we'll be back in short-term debt in a substantial way, and that's what we all worked hard in 1974 to get nut of." Both Robertson and Stuart Schoenburg, the corporation commission officer presiding over the hearings, have tried repeatedly to speed the pro ceeding up. but Schoenburg acknowledged yesterday that it seemed impossible to do so. The first phase of the hearings is expected to end late next week, but spokesmen for TGE and several interven- ors in the case said yesterday they believed the second phase, dealing with rate structure and the company's allocation of costs among its consumers, would last several \veeks after that. Once the hearings are over, there will be a lapse of at least six weeks before the commission makes its decision on how much, if any, a d d i t i o n a l money TGE should have. They will resume at 10 a.m. Tuesday at the South Tucson Civic Center, 1625 S. 3rd Ave. #1 [Speedway j VALENTINE ^n P$ DIAMOND PENDANT EARRINGS 14K YELLOW OR WHITE GOLD. S 194 L-HELZBEROJ The Famous HaggaT $12 Knit Always honest values for only $11 With everything else rising in price you can count on Haggar and Myerson's to give you the best fashion buy around -- a 100% Dacron® Polyester doubleknit for only $11. The quality is impeccable and the styling is all today . . . but at yesterday's prices. Another plus is that it's machine washable and dryable -- and comes in a wide range of colors. So who says the cost of looking good is going up.'' Other styles from $ 1 3 to $ 1 8 DOWNTOWN WILMOT PLAZA DOWNTOWN-Church at Congress Shop 9:30-5:30. Fri. 'Ill 8. WILMOT PLAZA-Wilmot al Broadway -- Shop 3-30-5:30. Mon f : n, 'til 9. RUBBER CARPET PADDING HALL RUNNER 99* 6x9 OVAL BRAIDED RUGS $3300 THURSDAY, FEBRUARY 12, 1976 CARPET WAREHOUSE*! -5051 E. S P I E D W A Y BETWEEN SWMUCRAYCROFT HOURS: Da WAREHOUSED 3300 E. 36th ST. (Next to Sam Le«itz] 10-5, Mon. A Fri. 9-8 HOLD DOWN PRICES) WAREHOUSE M[36th PRESIDENTS' BIRTHDAY CELEDRATION! By George, Abe, here's what I call real carpet bargains! GREAT STYLES, GREAT COLORS, GREAT TEXTURES at the CARPET GIANT'S LOW, LOW PRICES Orange Pink Plus Giej Tone level Loop Burnt Orange teiel Loop Gofd Outdoor RilEEdj *nn Print Off Miite Tireed Hi lo Slug Rimtlt Tweed Le»el Loop Sand Seijs Ereen OH Mile Green Hi L» Ship, Awcadi) Leaf Short Shag Fittest Green Sculpture Loop Petal Pink Hi Lo Russell Sold Short Shag Creen lone Sculpliiu U«|i Beige Green Hi Lo Shag Green Tone Sculptured Shag Scarlett Red Hi La Green f weed Stag Njlon kjlon Njlon Olefin NjlDn Kylon Njlon Njlon Nylon Nylon Kjltn Njlon 55 55 55 55 55 55 55 55 55 510 510 510 510 510 510 1Ti2 10'lZ' W SW na 1213 8W I2i2" Ji4 Olite Hi Lo Palm Gieen Mini Shag AiotaJo Sculptured loop Grass Green Hi lo Red-Hick leiel Loin Kitchen Print le«l Loop [arttitones SturUhaj Blue Green Teitoiei Saiiny Lime Leal Level Loop Ctanpjpie Tones Kiln Green Saionj Spltisti RanettOrjaje Leiel Leo? Bronze Breen Sainnj Splusli hcutt leal Hi Lo Cteme Green Splash Sliaj Leaf] 1 Green Hi Lo Antique Ggli Shag Mulli Tone Level Imp Rusl Short Shij Tweed; Shirt Slug Grey Spins!) Siaj Hylon Njlon Nylon Njlon Kylori Kylon Nylon Kylon Hylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon Nylon LOOK WHAT i! *29 * WILL BUY ' SIZE ^llrt 1 ' 12i5' ISM ISM ' 12i4' k I4"i4 [llrt , I2U' ' I2i4' DESCRIPTION Blse Green Leiel Lgg« Artec Ggli Hi Lg Nidi: Gill 1 Nitg Lggp Argcidg Leil Bi Leiel Iggp Ice Greta Pltsh line p ten Teitgiti'Splosh Brenie Green Ltiel Lggp GgldtggeHiLi TinnfBeije Short Shi; MiltTM Sj.iiij Plash Tieedj Print PIgsh MistjLiiMTeitiredHiLi Sun Ggld Rgpe Shi: Line leil Lerel Lggp SIZE I2ll i2iu W II 1 !!! 1 12il3' I?fl2* I?il2' I2il2' 12.12' IM2" 12.11' I21I1 1 U.iO" 12ill LOOK WHAT $69 WILL BUY DESCRIPTION Leltice Greeg Short Sii[ GgldTgneShii frinet Blge Veltet Plush Ggld Tgne leiel Loop Britc Gild Slirt Shi; Tnmj Belie SculplgiedLgtp I lone Gild Shii Dgtck e«ld Shgrt Stiij laltrtenlerdlggp litee Ggld Lggi Firesl Green [eiellgop Hit C»ls Loip Blue Tone Start S«i| OK White Green Shii AiUit,ae SM SpluiJ Slijf T FIBER Njlgn Niton Njtgn Njfgi NJIn Njrlgn N^gn Hjlin N,l,n Nrlon N^n S(l»fi Hj'.on Nflon Krlon J 1 r FIBER K|1on Hjlin Njlgn Krlgn Hjioa tp Krlin Krlm H;(gn Nj'da Kjlin Njlon Njlgn Kjtin Hflgn Kflin 1 * L SIZE 15i( I25' ll 1 )! 1 1il5 11*17 H"i! I2i5 1W 1IW 12iS ll'W 12)9' Ih9 I2i) 12i7 SIZE 12i1C 12114' 11'jlS I21IV I2il4' !2il4" 12il4 ihiy !2iH Uil4" 12ll4 I2ill' I2il3' 12i13' ll'iM' LOOK WHAT $39 WILL BUY DESCRIPTION FIBER AigcidgHILg ImttlTwtriPn'nlPluh Bnwn Gill Oncj! lup OlircSUH/rtid FgreslSreenWLiif Stjf RgslicTwEedHiLi line S|[isi Sii( Anli^e Soli 1 Short Slii j ChgcglaleSiriitLigg BnueSiKLoellgip RljilErtenSmnjPijsb Gill Bn«nBi Leiel Lgg; Gild OnnjtSilchen Print Brgaze Gieen Leiel Lggp taeBrgwi Shirt Shij LOOK WHAT *79 WILL BUY Kjlun Xf!«ii Hjlln »7*M N^gn NJ!M Nf'in Wen Kjl»n Njlga Hrigx Hjlon H,!:n Njlon drlin DESCRIPTION FIBER Tim; Beife Slit. Ofiogcfrir.Hittbtn HineslBignnShi; lime Gieen Siignj Plush Cind; Stripe Leitl Lggp Aigcidg Lime Shif Blge Green Shgrt Stii^ Brite Ggld Sill Gild Tgge Stilt Sill Blge Green Shi; Cranoerrj Red Stii Ice Blge Shirt Slii Tinny Beige Sh i£ Lime Bi Leiel Ltop Brgnie ligcidg (gip Kjlor, H)';n Krlgn Hjlin Njlgn Kjlon Hjl;n Njlgn N)lon Njion Hjl.n Hrltn Kjfu Hjloa Hrlin r -\ r ·· L 1 \ SIZE 12ill 12V 15il , JM' 12:6' I5i?' I2i9 ll'i) 1 12i9 2iS' llh.7' I2:S 12*19 12rt' L SIZE I2ill 131,1;' IZili' Il"i17 12.15' 12il5 I2il5* I2il5' 12i15 12il5 l!i!5' Uill 1 I2ill 12il3 I2il3 ! LOOK WHAT $49 WILL BUY DESCRIPTION Brgnie Tind Lent Ligp Olirc Scilitgrtd (tip ligiySingiSplnih FIBER Kjlm Gieen TggeCgtN Lggp Shi: Hfn KjlM HjlM Kjt»,l slicnii-ujtColNLoipSbij Kjlnn BigtnleitgiedSiiujFleili H;la TanijrBeite Shgrt SSiE Kjlm Ferest Gieen SkgrtShij Crssn Sl» !:t»s Skis RetTHieStgrtSia; AigcidgScglptgiei'Skii, Kflgn LOOK WHAT $89 WILL BUY DESCRIPTION rj]n()Slript Shgrt Sl»i lime In! Shii Midis Gold Shirt Shaj Clint Bi Ltiel Son Gill Tgne Stgrt Shi; HgiiignBlieShit Brgwn luted Print Plash Gieen Drinie T*ee4 Lsop ted Shi i BronjeJ UJ Kikhen Print TmiBeiieSkgitStij Ggld Tgne LeieUtgp lib ert[ Bell Liop Orinjt Shii NirtiniMiniShn FIBER Nrlin Njlin H)l«n N|lin Nrlgn Njlon Njlon Kjlin Nflin Krlga H)lgn Nflon SIZE 12il3' 12il2" 12H2' IZiTI' 12.11' UilJ 1 Ci9 l2ilD I2l! 11'iS' IDW 12.10 SIZE I2ilj" IIl24' 12.I9' 12.11' 12.1B IJill 11:11 12.15 I2.15 1 ll'ilS' VINYL RUNNER CLEAR COLD NON-SKID CLEATS 6x9 AREA RUGS CHOICF.OF M nnn sims \ 1 I lull ORIENTAL DESIGN THROW RUGS 100% NYLON SHORT ROLL CLOSEOUTBROADLOOM CHOICE OF ff STYUS J COLORS HURRY WHILE THEY LAST 100% NYLON KITCHEN CARPET PATTERNS 4 TWEEDS 1 100% NYLON HARD TO FIND 15 FT. WIDTH CARPET GREAT FOR STORES, OFFICES SELECTION OF COLORS WOOL ORIENTAL DESIGN LOOK WHAT $59 WILL BUY DESCRIPTION listgiLgligp HiltiTgneSreenKitchen Print Cindj Striie Pfish I rim Inert Print flisi BeiielHtSh git Sill EitwUlSluj Green Tietd Leielltip ClgcgliteSwi'llggp Leil Gieei Lerel Lggg Pit! Ereen Sl«t SJ»i tTicidilim Lerel Iggp Cuss CreenLggt Shi RgsticGrgiuelggp SngwBillSttrtSlii! LOOK WHAT $99 WILL BUY DESCRIPTION Ggld Tgne Shii Old Cgld Shgrt Shii BelTgntHILgLggp ilge Green Sii| Histf Line Sigrt Sii[ OceinTgntrShi| Bi)TgnesLertlLigg Dlire Lul Hi Lg CM White BrwnCilNLiiii RtdShiiBilertl DrimiTgntHiLg RtdTineStii Bign Tiled Mini Sliii Bist]OrinieNilo 9rittGoliSlgrtSoii INDOOR- OUTDOOR CARPET 8 OVAL --~J* HYLOH BRAIDED RUGS^TCHEN .PATTERNS SHAG CARPET BATH CARPET NON-SKID BACK SO. YD. I N S T A L L E D SO. YD, I N S T A L L E D SQ. YD, I N S T A L L E D SO. YD. I N S T A L L E D DESCRIPTION Olire Sti'ptniti [up Flint Tine Shert Shi( DESCRIPTION United Red Bi leiel Lggp Sprite Green Uirt Stjj inline Ggld Scilplned Ligp DESCRIPTION lipte Greti Siiit S»ij DESCRIPTION Peiil Cit H Lggp Shij KuhnGieen Kill Shii Old SM Spliih Snij Tili]li»itPlest DESCRIPTION Piwder!lgelGi(enSplgsgShi[ Cocoi Bun Shi[ BlaelGieenScilileredShii FIBER Nrlin Njlon Hjllit Kjlon tmni Twted Leitl Iggp BeiieTineSigitSht[ lntij.it Ggld Siglplgied LQJJ lilhtKelliwBi leiel Iggp Cinte Bnwn Leiel liif 6ieen Spice CglNlggpSI| Uirciillriim Kill Slit IrmeTnlTri Lerel liii I'K sice Siirt SJ»{ DiiitlieCitNlNfStii Firest Gieen Bi Letti Liif tistett Cild Slirt Siij lirillgslHiLl U« Mist Bilnil lwp loot CiiDin Utrt 5«j[ Mudeir Greet Kite tfiche Breen Scilptgied Iggp Sei Frilt li Leiel IMP LJtatileJITeitgitdftiLg KelUnvnTinellilgShij Ggld !g« Tuted Shi{ Bunt Oii,i[i Scililiref Slit ile Shu Hg»eretnScglptneiStit liislich led Sin Idite tisl ScililDief BlielGreen leiel ligi Green 16il Leiel Hci ALL MERCH. TA Lmin Ttlllir Stlj CheJlngtlrimSttrtSliit D AS TO 1ST QUALI Y, 2NDS, IBREGS., SAMPLE HOUSE ALL MERCH. SUBJECT TO PRIQP S A i t '

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