This engine was originally built for Southern Pacific as a SD7 in November, 1952. Around 1979 it was rebuilt with a new electrical cabinet, had its dynamic brakes removed and was reclassified as a SD7R. The engine is painted for three different railroads. The gray and red are its old Southern Pacific colors; it has the current owner Portland and Western's logo on its side; and it is also lettered for the Willamette and Pacific, a predecessor of the P&W. Here is a link to a picture of 1501 when it was first built, with its original number: http://espee.railfan.net/nonindex/sd07_photos/5280_sp-sd07-rob_..i.jpg
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The engine is painted for three different railroads. The gray and red are its old Southern Pacific colors; it has the current owner Portland and Western's logo on its side; and it is also lettered for the Willamette and Pacific, a predecessor of the P&W.
Here is a link to a picture of 1501 when it was first built, with its original number: http://espee.railfan.net/nonindex/sd07_photos/5280_sp-sd07-rob_..i.jpg