PUBLIC UTILITIES
20%
MONTANA-DAKOTA POWER COMPANY
GENERAL OFFICE: 831 Second Ave. South, Minneapolis. Minn.
CONTROL: By Minnesota Northern Power Co.
HISTORY: Incorporated under laws of Delaware, June 1, 1925, as Eastern Mon-
tana Utilities Co. Name changed to present title in January, 1926. Present com-
pany is consolidation of large number of local companies operating in eastern
Montana and western North Dakota.
BUSINESS: Company supplies electric light and power in 91 towns through a
completely interconnected system of high tension transmission and distributing
lines. Natural gas is supplied to Miles City, Ismay, Terry and Glendive in Mon-
tana, and Marmarth, North Dakota. Manufactured gas supplied to Bismarck,
Mandan and Valley City, North Dakota, through the properties of a subsidiary,
the Consolidated Utilities Co., operated under lease. Steam heat retailed at
Glendive and Miles City. Company now serves 16,500 electric customers and upon
completion of gas construction now under way will serve approximately 6,000
gas customers.
PROPERTY & PLANTS: Company has four steam generating stations having a
capacity of 16,500 h.p. Two plants use natural gas from company's own system
for fuel. A new gas-fired steam generating station is now under construction
at Williston, North Dakota. A 1,250 h.p. natural gas engine driven generating
plant is operated at Baker, Montana. This plant also compresses gas for pipe
lines of Black Hills Utilities Co. (an associated company). In addition to electric
properties, company owns 162 miles of natural gas trunk lines. Company is con-
structing a 12-inch gas trunk line extending from Glendive, Montana to Willis-
ton, North Dakota, together with distribution systems at Williston and inter-
mediate towns.
SUBSIDIARIES: Consolidated Utilities Co.,, Bismarck, N. D. (leased).
OFFICERS: C. C. Yawkey, Pres.; Ben Alexander, Vice Pres., Wausau Wisc.; R.
M. Heskett, Vice Pres.,, Treas. and Gen. Mgr., Minneapolis, Minn.; A. P. Woodson,
Sec'y, Wausau, Wisc.; F. R. Gamble, Asst. Treas.-Asst. Sec'y, Minneapolis, Minn.
DIRECTORS: CC. C. Yawkey, Ben Alexander, Jud Alexander, A. P. Woodson, H. L.
Geiese, Wausau, Wisc.; R. M. Heskett, Minneapolis, Minn.
Fisenl Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb
CAPITALIZATI( ", As of Dec. 31, 1929
"alue Authorized
Lo $1,000,000
100 $4,000,000
Par (0.000 shs
L.
2.
3.
7% Cum. Preferred Stock..
69% Cum. Preferred Stock..........
Common Stock .....
Outstanding
$1,000,000
$593,200
274.310 shs
np; «8S
Provisions: 79% and 69% Prefer:ed
have preference as to assets and cumu-
lative dividends over Common.
Callable: Both 79% and 69% Preferred
subject to call on any dividend date at
$105.
Voting Pewer: Common stock has
sole voting power.
Dividends: Preferred dividends reg-
ularly paid quarterly, Jan., Apr., July
INCOME ACCOUNT, Years Ending Dee. 31
OF STOCK
and Oct. 1. On Common, 5¢ per share
per quarter until Jan. 1, 1929, when the
rate was increased to 7%c¢ per quar-
ter. (These figures are based on shares
after 10 to 1 splitup which was made
in February, 1929.)
Transfer Agent and Registrar: Min-
nesota loan & Trust Co., Minneapolis.
Minn,
a9%0
"6,467
10,708
KE Ef
OX
(Oct. 31)
1927
902,094
197.838
Operating Revenues
Operating Expenses ...
Rental for Leased Propert
Net Earnings ..
Deductions:
Interest on Funded Debt
Misc. Interest (net) .........
Amortization of Bond Discoun
Total Deductions ................__
set Before Deprec. & Fed. Tax...
56
NN
Y
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