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
Texas-New Mexico Power Company
(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
Texas-New Mexico Power Company Texas P. O. Box 2943
Ft. Worth, Texas 76113
Electric Utility/
Holding Company
Texas Generating Company Texas P. O. Box 2943
Ft. Worth, Texas 76113
Special purpose
corporation
Texas Generating Company II Texas P. O. Box 2943
Ft. Worth, Texas 76113
Special purpose
corporation
<page 1>
2. A brief description of the properties of claimant and of
each of its wholly owned public utility subsidiaries, Texas Generating Company
(TGC) and Texas Generating Company II (TGC II), 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, is as
follows:
Texas-New Mexico Power Company (TNP) serves approximately
211,900 customers in a total of 90 municipalities and adjacent
rural areas. TNP is a subsidiary of TNP Enterprises, Inc., a
public utility holding company exempt under Section 3(a)(1) of
the Act pursuant to annual filings on Form U-3A-2.
Within Texas, TNP is a regulated public utility engaged in
the generation, transmission, distribution and sale of electric
energy. TNP has four operating divisions throughout Texas. The
largest municipalities within Texas served by TNP are Texas City,
Lewisville, and La Marque. The divisions located in the State of
Texas are as follows:
(A) Central Division. Electric transmission and
distribution systems serving 25 municipalities and 18
unincorporated communities in 17 counties to the south
and west of Fort Worth, Texas. The division is based
at Clifton, Texas.
(B) Northern Division. Electric transmission and
distribution systems serving 36 municipalities and 19
unincorporated communities in 14 North Texas counties
and 3 counties in the Texas Panhandle. The division is
based at Lewisville, Texas.
<page 2>
(C) Southeast Division. Electric transmission and
distribution systems serving 14 municipalities and 2
unincorporated communities in 3 counties on the Texas
Gulf Coast. The division is based at Texas City,
Texas.
(D) Western Division. Electric transmission and
distribution systems serving 6 municipalities and 1
unincorporated community in 5 counties in West Texas.
The division is based at Pecos, Texas.
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. TNP has one division in the southwestern
portion of New Mexico which operates electric transmission and
distribution facilities. The largest municipalities served by
TNP are Silver City, Alamogordo, and Ruidoso. The division
serves 5 municipalities and 5 unincorporated communities in Grant
and Hidalgo Counties, and 4 municipalities and 1 unincorporated
community in Otero and Lincoln Counties. The New Mexico Division
is based at Silver City, New Mexico.
3. The following information, together with certain additional
data for the calendar year 1993, with respect to claimant and its subsidiaries,
is provided in the following chart:
<page 3>
<TABLE>
<CAPTION>
Texas (1)---------------------------- New Mexico Total System-------------------
TNP TGC TGC II TNP TNP TGC TGC II
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenue $394,704,359 0 0 79537927 474242286 0 0
83.2% 0.0% 0.0% 16.8% 100.0% 0.0% 0.0%
Net Utility Plant $539,031,481 187757025 200612363 78594207 617625688 187757025 200612363
87.3% 100.0% 100.0% 12.7% 100.0% 100.0% 100.0%
Total Customers 170765 0 0 41146 211911 0 0
80.6% 0.0% 0.0% 19.4% 100.0% 0.0% 0.0%
KWH Sold
Wholesale 3244831 0 0 0 3244831 0 0
Retail 4874706557 0 0 1408925389 6283631946 0 0
Total System 4877951388 0 0 1408925389 6286876777 0 0
KWH Purchased 2881150364 0 0 1504546156 4385696520 0 0
KWH Generated 0 1180665800 1182827200 0 0 1180665800 1182827200
<FN>
(1) No KWH are purchased or sold at the State line.
</TABLE>
<page 4>
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 earnings of the
claimant and its subsidiaries for the last calendar year, 1993, together with a
consolidating balance sheet of claimant and its subsidiaries as of the close
of the 1993 calendar year, is presented.
The above named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this ____ day of
February, 1994.
Texas-New Mexico Power Company
By______________________________
D. R. Barnard
Sector Vice President -
Chief Financial Officer
Corporate Seal
Attest:
_________________________________
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
<apge 5>
Exhibit A
Page 1 of 2
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF EARNINGS (UNAUDITED)
FOR THE YEAR ENDED DECEMBER 31, 1993
<TABLE>
<CAPTION> TEXAS NEW-
TEXAS TEXAS TEXAS TEXAS MEXICO POWER
NEW MEXICO GENERATING GENERATING DATING COMPANY AND
POWER COMPANY COMPANY COMPANY II ENTRIES SUBSIDIARIES
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES $474,242,286 474,242,286
OPERATING EXPENSES :
Power Purchased For Resale 200,182,601 200,182,601
Fuel 44,348,051 44,348,051
Other Operating & General
Expenses 82,351,236 (6,142,820) (6,801,999) 69,406,417
Maintenance 11,459,576 11,459,576
Depreciation 23,070,228 6,142,820 6,801,999 36,015,047
Taxes Other Than On Income 30,296,362 30,296,362
Income Taxes 9,237,991 (1,599,060) (3,345,117) 4,293,814
Total Operating Expenses 400,946,045 (1,599,060) (3,345,117) 396,001,868
NET OPERATING INCOME 73,296,241 1,599,060 3,345,117 78,240,418
OTHER INCOME (EXPENSE),
NET OF TAXES (9,096,734) 10,320,334 1,223,600
EARNINGS BEFORE
INTEREST CHARGES 64,199,507 1,599,060 3,345,117 10,320,334 79,464,018
INTEREST CHARGES :
Long-Term Debt 48,568,917 5,285,998 9,978,513 63,833,428
Other Interest and Amortization
of Debt
Discount, Premium and Expense 4,411,273 4,411,273
Allowance Borrowed Funds
Used During Construction (303,308) (303,308)
Total Interest Charges 52,676,882 5,285,998 9,978,513 67,941,393
NET EARNINGS 11,522,625 (3,686,938) (6,633,396) 10,320,334 11,522,625
Dividends On Preferred Stock 878,572 878,572
EARNINGS AVAILABLE FOR
COMMON STOCK $10,644,053 (3,686,938) (6,633,396) 10,320,334 10,644,053
</TABLE>
<page 6>
<TABLE>
<CAPTION>
Exhibit A
Page 2 of 2
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET (UNAUDITED)
FOR THE YEAR ENDED DECEMBER 31, 1993
TEXAS NEW-
TEXAS NEW- TEXAS TEXAS MEXICO POWER
MEXICO POWER GENERATING GENERATING CONSOLIDATING COMPANY AND
ASSETS COMPANY COMPANY COMPANY II ENTRIES SUBSIDIARIES
<S> <C> <C> <C> <C> <C>
Utility Plant,
At Original Cost:
Electric Plant $785,885,528 205,000,000 212,750,000 $1,203,635,528
Construction
Work In Progress 5,282,381 5,282,381
791,167,909 205,000,000 212,750,000 1,208,917,909
Less Accumulated
Depreciation 173,542,221 17,242,975 12,137,637 202,922,833
Net Utility Plant 617,625,688 187,757,025 200,612,363 1,005,995,076
Investment
in Subsidiaries (50,779,410) 50,779,410 -
Notes Receivable
- Associated
Companies 270,000,000 (270,000,000) -
Non - Utility
Property, at Cost 541,364 541,364
Current Assets :
Cash and Cash
Equivalents 2,003,497 40,879 33,790 2,078,166
Customer Receivables 764,166 764,166
Intercompany
Receivables 167,571,584 17,507,576 35,050,637 (220,129,797) -
Inventories,
at the Lower of
Average Cost
or Market:
Fuel Inventory 1,421,886 1,421,886
Materials And
Supplies 7,792,732 7,792,732
Deferred Purchased
Power &
Fuel Costs 15,150,904 15,150,904
Accumulated Deferred
Income Taxes 4,250,651 4,250,651
Other Current Assets 1,090,891 1,090,891
Total Current Assets 200,046,311 17,548,455 35,084,427 (220,129,797) 32,549,396
Regulatory Tax Assets 16,915,298 16,915,298
Deferred Charges 39,117,969 39,117,969
$1,093,467,220 205,305,480 235,696,790 (439,350,387) $1,095,119,103
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity:
Common Stock $107,050 10,000 10,000 (20,000) $107,050
Capital In Excess
of Par Value 175,094,292 175,094,292
Retained Earnings 38,983,329 (33,753,270) (17,046,140) 50,799,410 38,983,329
Total Common
Stock Equity 214,184,671 (33,743,270) (17,036,140) 50,779,410 214,184,671
Redeemable Cumulative
Preferred Stocks 9,560,000 9,560,000
Long-Term Debt,
Net of Amount Due
Within One Year 600,193,141 205,000,000 143,800,478 (270,000,000) 678,993,619
Total
Capitalization 823,937,812 171,256,730 126,764,338 (219,220,590) 902,738,290
CURRENT LIABILITIES:
Long-Term Debt
Due Within One Year 1,070,000 1,070,000
Accounts Payable 22,449,596 22,449,596
Intercompany Payables 52,558,213 50,598,885 116,972,699 (220,129,797) -
Accrued Interest 15,446,125 669,011 16,115,136
Accrued Taxes 69,060,600 (32,533,125) (18,521,468) 18,006,007
Customer Deposits 4,463,589 4,463,589
Revenues Subject
to Refund 3,400,038 3,400,038
Other Current
Liabilities 13,404,062 13,404,062
Total Current
Liabilities 181,852,223 18,065,760 99,120,242 (220,129,797) 78,908,428
Customers' Advances
For Construction 169,472 169,472
Regulatory Tax
Liabilities 21,058,527 (417,373) (229,453) 20,411,701
Accumulated Deferred
Taxes on Income 49,367,086 16,400,363 10,041,663 75,809,112
Accumulated Deferred
Investment Tax
Credits 17,082,100 17,082,100
$1,093,467,220 205,305,480 235,696,790 (439,350,387) $1,095,119,103
</TABLE>
