-----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, T5kvEsSlCrPCeWv7F9eG24ZV1chu1OurfwSN/uOLiA9RQ+oasRmbbi/mlnRcUiAw jdmOfHCdNzkgLPjYKLWu0g== 0001193125-03-086876.txt : 20031126 0001193125-03-086876.hdr.sgml : 20031126 20031126104331 ACCESSION NUMBER: 0001193125-03-086876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031119 ITEM INFORMATION: Other events FILED AS OF DATE: 20031126 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-89800 FILM NUMBER: 031024973 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEXAS NEW MEXICO POWER CO CENTRAL INDEX KEY: 0000022767 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 750204070 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-97230 FILM NUMBER: 031024974 BUSINESS ADDRESS: STREET 1: 4100 INTERNATIONAL PLZ STREET 2: PO BOX 2943 CITY: FORT 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 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNITY PUBLIC SERVICE CO DATE OF NAME CHANGE: 19810617 8-K 1 d8k.htm FORM 8-K Form 8-K

 

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) November 19, 2003

 

 

TNP ENTERPRISES, INC.

(Exact name of registrant as specified in charter)

 

Texas   1-8847   75-1907501
(State or other jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

4100 International Plaza, P.O. Box 2943, Fort Worth, Texas 76113

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: (817) 731-0099

 

 

(Former name or former address, if changed since last report)

 

TEXAS-NEW MEXICO POWER COMPANY

(Exact name of registrant as specified in charter)

 

Texas   2-97230   75-0204070
(State or other jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

4100 International Plaza, P.O. Box 2943, Fort Worth, Texas 76113

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: (817) 731-0099

 

 

(Former name or former address, if changed since last report)

 

 

Item 5. Other Events and Regulation FD Disclosure

 

Final Fuel Reconciliation. Prior to the beginning of retail competition, TNMP recovered fuel and the energy-related portion of purchased power costs from customers through the fuel adjustment clause authorized by the PUCT. The demand-related portion of purchased power was recovered through base rates and, unlike the fuel and energy-related portion, was not subject to adjustment or future reconciliation. As of September 30, 2003, TNMP had an over-recovered balance of fuel and energy-related purchased power costs of $24.3 million. On April 1, 2003, TNMP filed an application with the PUCT for the final reconciliation of its fuel and energy-related purchased power costs. This proceeding will reconcile fuel and energy-related purchased power costs incurred between January 1, 2000, and December 31, 2001, in accordance with the provisions of Senate Bill 7. The balance of fuel and energy-related purchased power costs resulting from the final fuel reconciliation will be included in the true-up proceeding for stranded costs that will occur in 2004. Subject to the results of the final fuel reconciliation, any over-recovered balance may reduce the amount of stranded costs TNMP would be entitled to recover from its transmission and distribution customers.

 

On November 19, 2003, the administrative law judge assigned by the State Office of Administrative Hearings to this proceeding issued a Proposal for Decision. The Proposal for Decision recommends that $16.4 million of TNMP’s fuel and energy-related purchased power costs incurred between January 1, 2000, and December 31, 2001, be disallowed. TNMP will contest the Proposal for Decision. TNMP expects the PUCT to render its final decision in the fuel reconciliation in mid-December 2003, and cannot predict what the PUCT’s final decision in the fuel reconciliation will be.

 

Statement Regarding Forward Looking Information

 

The discussions in this document that are not historical facts, including, but not limited to, TNMP’s intention to contest the Proposal for Decision, are based on current expectations. Actual results may differ materially. Among the factors that could cause the results to differ materially from expectations are factors described from time to time in TNP’s and TNMP’s reports filed with the Securities and Exchange Commission. TNP and TNMP wish to caution readers not to place undue reliance on any such forward looking statements, which are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made.

 

SIGNATURES

 

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

 

         TNP ENTERPRISES, INC.
        

(Registrant)

Date:  November 26, 2003

   

By:

  

/s/  Theodore A. Babcock

        

Theodore A. Babcock, Chief Financial Officer

 

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

 

         TEXAS-NEW MEXICO POWER COMPANY
        

(Registrant)

Date:  November 26, 2003

   

By:

  

/s/  Scott Forbes

        

Scott Forbes

        

Senior Vice President—Chief Financial Officer

 

 

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