-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UwBAgeq5a0QylmcFN2KmcRHotCglUNU+dic+SDHJ/PQMc/lKcm/klcIP91B4zPST cEJSeeXfbb2rBehgAq3YLw== 0000950123-10-003007.txt : 20100115 0000950123-10-003007.hdr.sgml : 20100115 20100115163659 ACCESSION NUMBER: 0000950123-10-003007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100113 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20100115 DATE AS OF CHANGE: 20100115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TUCSON ELECTRIC POWER CO CENTRAL INDEX KEY: 0000100122 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 860062700 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05924 FILM NUMBER: 10530801 BUSINESS ADDRESS: STREET 1: ONE SOUTH CHURCH AVENUE STREET 2: SUITE 100 CITY: TUCSON STATE: AZ ZIP: 85701 BUSINESS PHONE: 520-571-4000 MAIL ADDRESS: STREET 1: ONE SOUTH CHURCH AVENUE, SUITE 100 STREET 2: P.O. BOX 711 CITY: TUCSON STATE: AZ ZIP: 85702 FORMER COMPANY: FORMER CONFORMED NAME: TUCSON GAS & ELECTRIC CO /AZ/ DATE OF NAME CHANGE: 19790528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNISOURCE ENERGY CORP CENTRAL INDEX KEY: 0000941138 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 860786732 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13739 FILM NUMBER: 10530800 BUSINESS ADDRESS: STREET 1: ONE SOUTH CHURCH AVENUE STREET 2: SUITE 100 CITY: TUCSON STATE: AZ ZIP: 85701 BUSINESS PHONE: 520-571-4000 MAIL ADDRESS: STREET 1: ONE SOUTH CHURCH AVENUE, SUITE 100 STREET 2: P.O. BOX 711 CITY: TUCSON STATE: AZ ZIP: 85702 8-K 1 c94735e8vk.htm FORM 8-K Form 8-K
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 13, 2010
UNISOURCE ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
         
Arizona   1-13739   86-0786732
         
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (IRS Employer Identification No.)
     
One South Church Avenue, Suite 100
Tucson, AZ 		   
85701
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (520) 571-4000
 
(Former name or former address, if changed since last report.)
TUCSON ELECTRIC POWER COMPANY
(Exact name of registrant as specified in its charter)
         
Arizona   1-5924   86-0062700
         
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (IRS Employer Identification No.)
     
One South Church Avenue, Suite 100
Tucson, AZ 		   
85701
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (520) 571-4000
 
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

As previously reported, Tucson Electric Power Company (TEP) leases Sundt Unit 4 under a lease with Wilmington Trust Company (acting as lessor and owner trustee under a trust agreement on behalf of an owner participant). The primary term of the lease expires January 15, 2011.

On January 13, 2010, TEP entered into an agreement with the owner participant for Sundt Unit 4 to acquire all of the owner participant’s beneficial interest under the trust agreement. The purchase price is approximately $52 million, subject to increase by 0.75% of the purchase price per month in the event that the purchase occurs subsequent to March 31, 2010. As a result of entering the agreement to purchase the owner participant interest, TEP will recognize an increase in the capital lease obligation relating to Sundt Unit 4 in the amount of the purchase price. The transaction is subject to customary closing conditions, including the receipt of authorization from the Federal Energy Regulatory Commission. Following the acquisition of the owner participant interest, TEP expects to redeem the remaining lease debt in the principal amount of approximately $5.3 million, terminate the lease and cause the owner trustee to transfer ownership of Sundt Unit 4 to TEP.   

 

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SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: January 15, 2010

UNISOURCE ENERGY CORPORATION
(Registrant)

/s/   Kevin P. Larson                       

Senior Vice President and Chief
Financial Officer

Date: January 15, 2010

TUCSON ELECTRIC POWER COMPANY
(Registrant)

/s/   Kevin P. Larson                      

Senior Vice President and Chief
Financial Officer

 

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