-----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, SobMSHCT7592f+m70b3zQ6k/mMhHQh8t/1ef4fWISfdoRzQ2x7zhJYPITctlqdwl nwlGP981oQdTtwK5kkyKYA== 0000741612-01-500008.txt : 20010307 0000741612-01-500008.hdr.sgml : 20010307 ACCESSION NUMBER: 0000741612-01-500008 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001231 FILED AS OF DATE: 20010228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TNP ENTERPRISES INC CENTRAL INDEX KEY: 0000741612 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 751907501 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00291 FILM NUMBER: 1556676 BUSINESS ADDRESS: STREET 1: PO BOX 2943 STREET 2: 4100 INTERNATIONAL PLAZA CITY: FT WORTH STATE: TX ZIP: 76113 BUSINESS PHONE: 8177310099 MAIL ADDRESS: STREET 1: 4100 INTERNATIONAL PLAZA STREET 2: PO BOX 2943 CITY: FORT WORTH STATE: TX ZIP: 76113 EX-99 1 tnpfinan.htm FINANCIAL STATEMENTS OF TNP ENTERPRISES, INC. U3a2_2000
  Exhibit A  
     
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF INCOME (LOSS)
For the Year Ended December 31, 2000
(Amounts in Thousands)
                         
          Texas-New Mexico Power Company Consolidated TNP Operating Company TNP Enterprises, Inc.   Consolidating Entries TNP Enterprises, Inc. Consolidated
                               
OPERATING REVENUES $ 644,035 $ -   $ -     $ -   $ 644,035
          __________ __________ __________   __________   ___________
OPERATING EXPENSES:                      
  Purchased power and fuel 348,461 -   -     -   348,461
  Other operating and maintenance 97,466 -   10,023   -   107,489
  Depreciation of utility plant 41,353 -   8,523   -   49,876
  Charge for recovery of stranded plant 18,306 -   -   -   18,306
  Taxes other than income taxes 34,615 36 970   -   35,621
  Income taxes 22,375 21 (15,551)   -   6,845
          __________ __________ __________   __________   ___________
    Total operating expenses   562,576 57 3,965   -   566,598
          __________ __________ __________   __________   ___________
NET OPERATING INCOME (LOSS)   81,459 (57) (3,965)   -   77,437
          __________ __________ __________   __________   ___________
OTHER INCOME (LOSS):                        
  Other income and deductions, net   1,626 98 42,356   __________   44,080
  Income taxes   (606) - (7)   -   (613)
      __________ __________ __________   __________   ___________
    Other income (loss), net of taxes   1,020 98 42,349   -   43,467
        __________ __________ __________   __________   ___________
INCOME (LOSS) BEFORE INTEREST CHARGES   82,479 41 38,384   -   120,904
          __________ __________ __________     __________   ___________
INTEREST CHARGES:                        
  Interest on long-term debt   35,231 - 32,139   -   67,370
  Other interest and amortization of debt-related costs 5,291 - 1,222   -   6,513
          __________ __________ __________   __________   ___________
    Total interest charges   40,522 - 33,361   -   73,883
          __________ __________ __________   __________   ___________
INCOME FROM CONTINUING OPERATIONS         -   -   -     -   -  
  Loss from discontinued nonregulated operations,                            
    net of taxes                       -  
NET INCOME (LOSS)   41,957 41 5,023   -   47,021
Dividends on preferred stock and other   38 - 10,954   -   10,992
          __________ __________ __________   __________   ___________
INCOME (LOSS) APPLICABLE TO COMMON STOCK   $ 41,919 $ 41 $ (5,931)   $ -   $ 36,029
          __________ __________ __________   __________   ___________
                               
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
For the Year Ended December 31, 2000
(Amounts in Thousands)
                               
          Texas-New Mexico Power Company Consolidated   TNP Operating Company   TNP Enterprises, Inc.   Facility Works, Inc.   Consolidating Entries   TNP Enterprises, Inc. Consolidated
                               
PREDECESSOR                      
BALANCE AT DECEMBER 31, 1999 $ 90,302   $ 1,098   $ 130,425   $ (28,689)   $ (62,711)   $ 130,425
  Net income (loss) 7,763   7   3,848   -   (7,765)   3,853
  Dividends on preferred stock (18)   -   -   -   -   (18)
  Dividends on common stock -   -   (3,908)   -   -   (3,908)
  Gain on retirement of preferred stock 13   -   -   -   -   13
          ___________   __________   __________   ___________   ___________   ____________
BALANCE AT MARCH 31, 2000 98,060   1,105   130,365   (28,689)   (70,476)   130,365
                               
SUCCESSOR                      
Acquisition of predecessor -   -   (130,365)   -   -   (130,365)
          ___________   __________   __________   ___________   ___________   ____________
    98,060   1,105   -   (28,689)   (70,476)   -
  Net income (loss) 34,194   34   1,175   -   (34,195)   1,208
  Dividends on preferred stock (33)   -   (10,692)   -   -   (10,725)
  Dividends on common stock (31,500)   -   -   -   31,500   -
  Preferred stock issuance costs -   -   (3,601)   -   -   (3,601)
  Preferred stock discount and warrant accretion -   -   (262)   -   -   (262)
          ___________   __________   __________   ___________   ___________   ____________
BALANCE AT DECEMBER 31, 2000 $ 100,721 # $ 1,139   $ (13,380)   $ (28,689)   $ (73,171)   $ (13,380)
          ___________   __________   __________   ___________   ___________   ____________
          ___________   __________   __________   ___________   ___________   ____________
                               
                              Exhibit A
   
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
December 31, 2000
(Amounts in Thousands)
 
          Texas-New Mexico Power Company Consolidated   TNP Operating Company   TNP Enterprises, Inc.   Facility Works, Inc.   Consolidating Entries   TNP Enterprises, Inc. Consolidated
ASSETS                        
UTILITY PLANT $ 1,327,804   $ -   $ 317   $ -   $ (508,366)   $ 819,755
  Less: accumulated depreciation 415,816   -   3   -   (388,253)   27,566
          ____________   ____________   ____________   ___________   ____________   ____________
  Net utility plant 911,988   -   314   -   (120,113)   792,189
          ____________   ____________   ____________   ___________   ____________   ____________
INVESTMENT IN SUBSIDIARY COMPANIES -   -   329,180   -   (329,180)   -
TNP ONE REPLACEMENT NOTES -   -   -   -   -   -
OTHER PROPERTY AND INVESTMENTS, at cost 206   930   2,500   -   -   3,636
CURRENT ASSETS:                      
  Cash and cash equivalents 2,613   647   3,390   1,460   -   8,110
  Accounts receivable 21,368   -   1,064   290   (1,064)   21,658
  Deferred purchased power and fuel costs 1,977   -   -   -   -   1,977
  Accumulated deferred income taxes -   -   -   339   (339)   -
  Other current assets 5,037   -   54   -   -   5,091
          ____________   ____________   ____________   ___________   ____________   ____________
    Total current assets 30,995   647   4,508   2,089   (1,403)   36,836
          ____________   ____________   ____________   ___________   ____________   ____________
LONG-TERM AND OTHER ASSETS:                      
  Goodwill -   -   281,870   -   -   281,870
  Recoverable stranded costs -   -   -   -   119,857   119,857
  Deferred purchased power and fuel costs 37,251   -   -   -   -   37,251
  Deferred charges 18,057   109   9,666   424   28,836   57,092
                               
          ____________   ____________   ____________   ___________   ____________   ____________
    Total long-term and other assets 55,308   109   291,536   424   148,693   496,070
          ____________   ____________   ____________   ___________   ____________   ____________
          $ 998,497   $ 1,686   $ 628,038   $ 2,513   $ (302,003)   $ 1,328,731
          ____________   ____________   ____________   ___________   ____________   ____________
CAPITALIZATION AND LIABILITIES                      
CAPITALIZATION:                      
  Common shareholder's equity:                      
    Common stock $ 107   $ 100   $ 100,000   $ 1   $ (208)   $ 100,000
    Capital in excess of par value 222,149   400   -   33,418   (255,967)   -
    Retained earnings (deficit) 100,721   1,140   (13,380)   (28,689)   (73,172)   (13,380)
          ____________   ____________   ____________   ___________   ____________   ____________
      Total common shareholder's equity   322,977   1,640   86,620   4,730   (329,347)   86,620
  Redeemable cumulative preferred stock -   -   104,393   -   -   104,393
  Long-term debt, less current maturities 426,327   -   432,200   -   -   858,527
          ____________   ____________   ____________   ___________   ____________   ____________
    Total capitalization 749,304   1,640   623,213   4,730   (329,347)   1,049,540
          ____________   ____________   ____________   ___________   ____________   ____________
CURRENT LIABILITIES:                      
  Current maturities of long-term debt -   -   1,600   -   -   1,600
  Accounts payable 38,326   -   -   346   -   38,672
  Other current liabilities 67,414   46   4,918   (2,563)   (1,465)   68,350
          ____________   ____________   ____________   ___________   ____________   ____________
    Total current liabilities 105,740   46   6,518   (2,217)   (1,465)   108,622
          ____________   ____________   ____________   ___________   ____________   ____________
LONG-TERM AND OTHER LIABILITIES:                      
  Regulatory tax liabilities 6,371   -   -   -   -   6,371
  Accumulated deferred income taxes 100,177   -   (1,824)   -   -   98,353
  Accumulated deferred investment tax credits 22,377   -   -   -   -   22,377
  Deferred credits 14,528   -   131   -   28,809   43,468
          ____________   ____________   ____________   ___________   ____________   ____________
    Total long-term and other liabilities 143,453   -   (1,693)   -   28,809   170,569
          ____________   ____________   ____________   ___________   ____________   ____________
          $ 998,497   $ 1,686   $ 628,038   $ 2,513   $ (302,003)   $ 1,328,731
          ____________   ____________   ____________   ___________   ____________   ____________
          ____________   ____________   ____________   ___________   ____________   ____________
                               
                               
  Exhibit B
 
TNP ENTERPRISES, INC. AND SUBSIDIARIES
Financial Data Schedule
For the Period Ending December 31, 2000
(Amounts in Thousands)
 
         
         
Item No.   Caption Heading   Amount
         
1   Total Assets   $ 1,328,731
         
2   Total Operating Revenues   644,035
         
3   Net Income (Loss)   47,021
         
         

U-3A-2 2 tnp.htm TNP ENTERPRISES, INC. Form U-3A-2, TNPE [FORM]

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.

FORM U-3A-2

STATEMENT BY HOLDING COMPANY
CLAIMING EXEMPTION
UNDER RULE U-3A-2 FROM THE
PROVISIONS OF THE

PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935

* * * * *

File No. 69-291

TNP Enterprises, Inc.
(Name of Company)

hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information:

          1.     The name, state of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest:


Name

State of
Organization


Location and Nature of Business

TNP Enterprises, Inc.

Texas

2 Robbins Lane Suite 201
Jericho, NY 11753
Holding Company

Texas-New Mexico Power Company

Texas

P.O. Box 2943
Fort Worth, TX 76113
Electric Utility/Holding Company

Facility Works, Inc.

Texas

P.O. Box 2943
Fort Worth, TX 76113
General purpose corporation

First Choice Power, Inc.

Texas

P. O. Box 2943
Fort Worth, TX 76113
General purpose corporation

TNP Operating Company

Texas

P.O. Box 2943
Fort Worth, TX 76113
General purpose corporation
(presently inactive)

Texas Generating Company*

Texas

P.O. Box 2943
Fort Worth, TX 76113
Special purpose corporation

Texas Generating Company II*

Texas

P.O. Box 2943
Fort Worth, TX 76113
Special purpose corporation

*   Wholly-owned subsidiary of Texas-New Mexico Power Company

          2.     The following is a brief description of the properties of claimant and of its subsidiary public utility company, Texas-New Mexico Power Company (TNMP), used for the generation, transmission, and distribution of electric energy for sale, indicating the location of principal generating plants, transmission lines and distribution facilities including all such properties which are outside the State in which claimant and its subsidiaries are organized, and all transmission lines which deliver or receive electric energy at the borders of such States:

          The claimant owns all of the issued and outstanding common stock of its principal operating subsidiary, TNMP, an electric public utility corporation. Texas-New Mexico Power Company (TNMP) serves approximately 238,000 customers in a total of 85 municipalities and adjacent rural areas in Texas and New Mexico. TNMP is a subsidiary of TNP Enterprises, Inc., a public utility holding company exempt under Section 3(a)(1) of the Act.

          Within Texas, TNMP is a regulated public utility engaged in the generation, supply, transmission, distribution and sale of electric energy. TNMP serves 76 municipalities in Texas, primarily smaller-to-medium sized communities. Only two of the Texas municipalities that TNMP serves have populations exceeding 50,000. The largest municipalities within Texas served by TNMP are Texas City, Lewisville, and League City. The Texas service territory is found in three areas of the state:

  • 56 communities in North and Central Texas extending from Lewisville, near Dallas-Fort Worth International Airport, along the Red River, and south and west of Fort Worth.

  • 14 communities in southeastern Texas, between Houston and Galveston and to the south of Houston. The largest municipality in this area is Texas City.

  • Six communities in far west Texas between Midland and El Paso.

          Within New Mexico, TNMP is a regulated public utility engaged in the supply, transmission, distribution and sale of electric energy. It owns transmission and distribution lines within New Mexico and serves 9 communities in southern New Mexico. The largest of these communities are Silver City, Alamogordo and Ruidoso. The New Mexico region is based at Silver City.

          TNMP and its subsidiaries own generating facilities located in Robertson County, Texas, which is in the central part of Texas. The generating facilities consist of two 150 MW, circulating fluidized bed units, and currently use lignite as the fuel source. TNMP also has a transmission line connecting these units to a major transmission grid in Texas. TNMP sells electricity from these units solely within Texas. Neither the claimant nor any of its subsidiaries own transmission lines that deliver or receive electricity at the border of Texas.

          3.     Certain information, for the calendar year 2000 with respect to claimant and its subsidiaries, is provided in the following chart:

(a)

Total MWH sold and related revenues are as follows:

MWH

Revenues From Sales

Retail

9,362,749

$591,162,000

Wholesale

281,017

12,350,000

___________

____________

Totals

9,643,766

$603,512,000

___________

____________

___________

____________

TNP Enterprises, Inc. and Texas-New Mexico Power Company are incorporated in

the State of Texas.

(b)

MWH sold and related revenues at retail in (a) above, are as follows:

MWH

Retail Revenues

Texas

7,982,036

$482,534,000

New Mexico

1,380,713

108,628,000

___________

____________

Totals

9,362,749

$591,162,000

___________

____________

___________

____________

(c)

MWH sold and related revenues at wholesale in (a) above, are as follows:

MWH

Wholesale Revenues

Texas

264,922

$11,405,000

New Mexico

16,095

945,000

___________

____________

Totals

281,017

$12,350,000

___________

____________

___________

____________

(d)

MWH purchased and related expenses are as follows:

Purchased Power

MWH

Expenses

Texas

6,189,151

$224,513,000

New Mexico

1,497,151

83,699,000

___________

____________

Totals

7,686,302

$308,212,000

___________

____________

___________

____________

          4.     Neither the claimant nor any of its subsidiaries are directly or indirectly involved with, or have an interest in either an Exempt Wholesale Generator or a foreign utility company.

               Exhibit A. A consolidating statement of operations of the claimant and its subsidiaries for the last calendar year 2000, together with a consolidating balance sheet and consolidating statements of retained earnings of claimant and its subsidiaries as of the close of the 2000 calendar year, are presented.

               Exhibit B. A Financial Data Schedule for the period ended December 31, 2000, including Item Nos. 1, 2, and 3.

          The above named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 27th day of February, 2001.

TNP Enterprises, Inc.

 

By:  \s\    Theodore A. Babcock     

     Theodore A. Babcock
     Chief Financial Officer

 
 

Corporate Seal

Attest:

 \s\    Kathleen A. Marion     
Kathleen A. Marion, Secretary


The name, title and address of the officer to whom notices and correspondence concerning this statement should be addressed is:

Kathleen A. Marion, Secretary
TNP Enterprises, Inc.
2 Robbins Lane Suite 201
Jericho, NY 11753

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