-----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, Mk3LPPGmhOz18bd5uY1/4ZpX4/ZrisqIaami4ArACzTuoQWhZck1X+zLTjZYTmyt 9NoOTGLcWiXAUQT/jWjrxQ== 0000741612-97-000009.txt : 19970228 0000741612-97-000009.hdr.sgml : 19970228 ACCESSION NUMBER: 0000741612-97-000009 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970227 SROS: NYSE 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: 1935 Act SEC FILE NUMBER: 069-00291 FILM NUMBER: 97545878 BUSINESS ADDRESS: STREET 1: 4100 INTERNATIONAL PLZ STREET 2: PO BOX 2943 CITY: FORT WORTH STATE: TX ZIP: 76113 BUSINESS PHONE: 8177310099 U-3A-2 1 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 (Act), and submits the following information: 1. The name, State of organization, location and nature of business of claimant and every subsidiary thereof: State of Location and Name Organization Nature of Business ---- ------------ ------------------ TNP Enterprises, Inc. Texas P. O. Box 2943 Ft. Worth, TX 76113 Holding Company Texas-New Mexico Power Company Texas P. O. Box 2943 Ft. Worth, TX 76113 Electric Utility/ Holding Company Facility Works, Inc. Texas P. O. Box 2943 (formerly known as Ft. Worth, TX 76113 Community Public Service Company) General purpose corporation TNP Operating Company Texas P. O. Box 2943 Ft. Worth, TX 76113 General purpose corporation (presently inactive) Texas Generating Company* Texas P. O. Box 2943 Ft. Worth, TX 76113 Special purpose corporation Texas Generating Company II* Texas P. O. Box 2943 Ft. Worth, TX 76113 Special purpose corporation *Wholly owned subsidiary of Texas-New Mexico Power Company 2. Following is a brief description of the properties of claimant and of its subsidiary public utility company, Texas-New Mexico Power Company (TNP), 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, $10.00 par value, of TNP, an electric public utility corporation, the principal operating subsidiary of claimant. Within Texas, TNP is a regulated public utility engaged in the generation, transmission, distribution and sale of electric energy. TNP has two operating regions throughout Texas. The largest municipalities within Texas served by TNP are Texas City, Lewisville, and La Marque. The regions located in the State of Texas are as follows: - North Central Region. Electric transmission and distribution systems serving 56 communities in northeastern and central Texas. The region is based at Lewisville, Texas. - Gulf Coast Region. Electric transmission and distribution systems serving 14 communities in southeastern Texas. The region is based at Texas City, Texas. - Mountain Region. TNP has one region in the southwestern portion of Texas and in the southern portion of New Mexico which operates electric transmission and distribution facilities. The largest municipalities served by TNP are Silver City, Alamogordo, and Ruidoso, New Mexico. The region serves 6 communities in southwestern Texas and 9 in southern New Mexico. The Mountain region is based at Silver City, New Mexico. Generating facilities owned by TNP and the subsidiaries are located within Robertson County, Texas, which is in the Central part of Texas. The generating facilities are referred to as 150 MW, circulating fluidized bed units currently using lignite as the fuel source. TNP also has a transmission line connecting these units to a major transmission grid in Texas. Electricity from these units is sold by TNP solely within Texas. Neither the claimant nor any of its subsidiaries own transmission lines which deliver or receive electricity at the border of Texas. Within New Mexico, TNP is a regulated public utility engaged in the generation, transmission, distribution and sale of electric energy. A portion of the Mountain Region serves southern New Mexico, as described above. 3. Certain information, for the calendar year 1996 with respect to claimant and its subsidiaries, is provided in the following chart:
Summary Sheet Texas (1) New Mexico Total System ----------- ------------ ------------- Operating Revenues $ 432,605 $ 70,132 $ 502,737 Total Customers 174,154 43,865 218,019 79.9% 20.1% 100.0% MWH Sold: Wholesale 3,534 3,534 - Retail 6,242,949 1,615,541 7,858,490 Total System 6,246,483 1,615,541 7,862,023 MWH Purchased 4,086,446 1,682,727 5,769,173
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 subsidiary companies for the last calendar year, 1996, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of the 1996 calendar year, is presented. Exhibit B. A Financial Data Schedule for the period ended December 31, 1996, 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 25th day of February, 1997. TNP Enterprises, Inc. By /s/ M. S. Cheema ---------------- Corporate Seal M. S. Cheema Vice President and Chief Attest: Financial Officer /s/ M. D. Blanchard - ------------------- M. D. Blanchard Secretary The name, title and address of the officer to whom notices and correspondence concerning this statement should be addressed is: M. D. Blanchard Secretary --------------------- ----------------- Name Title P. O. Box 2943, Fort Worth, Texas 76113 ---------------------------------------------- Address
TNP ENTERPRISES, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENTS OF INCOME (LOSS) For the Year Ended December 31, 1996 (Amounts in Thousands) Texas-New TNP Mexico Power TNP TNP Facility Enterprises, Company Operating Enterprises, Works, Consol. Inc. Consolidated Company Inc. Inc. Entries Consolidated ------------------------------------------------------------------------------ OPERATING REVENUES $ 502,737 $ - $ - $ - $ - $ 502,737 ------------ -------- -------- --------- -------- ----------- OPERATING EXPENSES: Purchased power 196,481 196,481 Fuel 47,201 47,201 Other operating and general expenses 73,276 73,276 Maintenance 10,672 10,672 Depreciation of utility plant 38,170 38,170 Taxes other than income taxes 32,727 32,727 Income taxes 10,333 10,333 ------------ -------- -------- --------- -------- ----------- Total Operating Expenses 408,860 - - - - 408,860 ------------ -------- -------- --------- -------- ----------- NET OPERATING INCOME 93,877 - - - - 93,877 ------------ -------- -------- --------- -------- ----------- OTHER INCOME (LOSS): Other income and deductions, net 1,626 13 (684) (4,754) (3,799) Income taxes 722 (4) (37) 1,657 2,338 ------------ -------- -------- --------- -------- ----------- Other income (loss), net of taxes 2,348 9 (721) (3,097) - (1,461) ------------ -------- -------- --------- -------- ----------- INCOME (LOSS) BEFORE INTEREST CHARGES 96,225 9 (721) (3,097) - 92,416 Interest charges 69,363 69,363 ------------ -------- -------- --------- -------- ----------- NET INCOME (LOSS) 26,862 9 (721) (3,097) - 23,053 Dividends on preferred stock 167 167 ------------ -------- -------- --------- -------- ----------- INCOME (LOSS) APPLICABLE TO COMMON STOCK $ 26,695 $ 9 $ (721) $ (3,097) $ - $ 22,886 ============ ======== ======== ========= ======== ===========
TNP ENTERPRISES, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET December 31, 1996 (Amounts in Thousands) Texas-New TNP Mexico Power TNP TNP Facility Enterprises, Company Operating Enterprises, Works, Consol. Inc. Consolidated Company Inc. Inc. Entries Consolidated ------------------------------------------------------------------------------- ASSETS UTILITY PLANT $ 1,216,261 $ - $ - $ - $ - $ 1,216,261 Less: accumulated depreciation 282,322 282,322 ------------ -------- -------- ---------- ---------- ------------ Net Utility Plant 933,939 - - - - 933,939 ------------ -------- -------- ---------- ---------- ------------ INVESTMENT IN SUBSIDIARY COMPANIES - 285,944 (285,944) - OTHER PROPERTY AND INVEST., at cost 1,884 1,265 778 3,927 CURRENT ASSETS: Cash and cash equivalents 5,115 154 2,594 524 8,387 Intercompany accounts receivable 601 3,493 (4,094) - Other current assets 24,932 180 1,059 26,171 Deferred purchased power and fuel costs 3,565 3,565 ------------ -------- -------- ---------- ---------- ------------ Total current assets 34,213 154 6,267 1,583 (4,094) 38,123 ------------ -------- -------- ---------- ---------- ------------ DEFERRED CHARGES 32,121 115 35 (1,476) 30,795 ------------ -------- -------- ---------- ---------- ------------ $ 1,002,157 $1,534 $292,246 $2,361 $(291,514) $ 1,006,784 ============ ======== ======== ========== ========== ============ CAPITALIZATION AND LIABILITIES CAPITALIZATION: Common shareholder's equity: Common stock $ 107 $ 100 $183,771 $ 1 $ (208) $ 183,771 Capital in excess of par value 222,133 400 4,735 (227,268) - Retained earnings 65,308 992 94,703 (3,097) (63,203) 94,703 ------------ -------- -------- ---------- ---------- ------------ Total common shareholder's equity 287,548 1,492 278,474 1,639 (290,679) 278,474 Redeemable cumulative preferred stock 3,420 3,420 Long-term debt, less current maturities 533,800 164 533,964 ------------ -------- -------- ---------- ---------- ------------ Total capitalization 824,768 1,492 278,474 1,803 (290,679) 815,858 ------------ -------- -------- ---------- ---------- ------------ CURRENT LIABILITIES: Current maturities of long-term debt 100 38 138 Accounts payable 27,254 1,192 28,446 Intercompany accounts payable - 2,130 112 (2,242) - Other current liabilities 41,435 42 2,088 (801) 1,407 44,171 ------------ -------- -------- ---------- ---------- ------------ Total current liabilities 68,789 42 4,218 541 (835) 72,755 ------------ -------- -------- ---------- ---------- ------------ REGULATORY TAX LIABILITIES 10,963 10,963 ACCUMULATED DEFERRED INCOME TAXES 65,860 8,984 74,844 ACCUMULATED DEFERRED ITC 19,164 570 19,734 DEFERRED CREDITS 12,613 17 12,630 ------------ -------- -------- ---------- ---------- ------------ $ 1,002,157 $ 1,534 $292,246 $ 2,361 $(291,514) $ 1,006,784 ============ ======== ======== ========== ========== ============
TNP ENTERPRISES, INC. AND SUBSIDIARIES EXHIBIT B: Financial Data Schedule For the Period Ending December 31, 1996 (Amounts in Thousands) Item No. Caption Heading Amount - --------------- ------------------------- ---------------- 1 Total Assets $ 1,006,784 2 Total Operating Revenues 502,737 3 Net Income (Loss) 23,053
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