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
State of Location and
Name Organization Nature of Business
Texas Generating Company II Texas P. O. Box 2943
Ft.Worth, Texas
76113
Special purpose
corporation
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 (TNMP) serves
approximately 216,000 customers in a total of 90 municipalities
and adjacent rural areas. TNMP 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, TNMP is a regulated public utility
engaged in the generation, transmission, distribution and sale of
electric energy. TNMP has two operating regions throughout Texas.
The largest municipalities within Texas served by TNMP 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 25
municipalities and 18 unincorporated communities in 17
counties to the south and west of Fort Worth, Texas,
and serving 36 municipalities and 19 unincorporated
communities in 14 North Texas counties and 3 counties
in the Texas Panhandle. The region is based at
Lewisville, Texas.
South-Western Region. Electric
transmission and distribution systems serving 14
municipalities and 2 unincorporated communities in 3
counties on the Texas Gulf Coast, and serving 6
municipalities and 1 unincorporated community in 5
counties in West Texas. The region is based at Texas
City, Texas.
Generating facilities owned by TNMP 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. TNMP also has a transmission
line connecting these units to a major transmission grid in
Texas. Electricity from these units is sold by TNMP 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, TNMP is a regulated public utility
engaged in the generation, transmission, distribution and sale of
electric energy.
TNMP has one region in the
southwestern portion of New Mexico which operates
electric transmission and distribution facilities. The
largest municipalities served by TNMP are Silver City,
Alamogordo, and Ruidoso. The region 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 region is based at Silver City, New
Mexico.
3. The following information, together with certain
additional data for the calendar year 1994, with respect to
claimant and its subsidiaries, is provided in the following
chart:
<TABLE>
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 $401,789 - - 76,200 477,989 - -
Net Utility Plant $542,034 151,412 195,006 78,821 620,855 151,412 195,006
87.3% 100.0% 100.0% 12.7% 100.0% 100.0% 100.0%
Total Customers 174,135 - - 42,232 216,367 - -
80.5% 0.0% 0.0% 19.5% 100.0% 0.0% 0.0%
MWH Sold:
Wholesale 3,330 - - - 3,330 - -
Retail 4,998,661 - - 1,469,504 6,468,165 - -
Total System 5,001,991 - - 1,469,504 6,471,495 - -
MWH Purchased 3,369,972 - - 1,102,334 4,472,306 - -
MWH Generated 2,336,830 - - - 2,336,830 - -
</TABLE>
<F1>
(1) No MWH are purchased or sold at the State line.
All dollar amounts are in thousands.
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, 1994,
together with a consolidating balance sheet of claimant and its
subsidiaries as of the close of the 1994 calendar year, is
presented.
Exhibit B. A Financial Data Schedule for the period ended
December 31, 1994, 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
24 day of February, 1995.
Texas-New Mexico Power Company
By____________________________
M. S. Cheema
Vice President - Chief
Financial Officer/Treasurer
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
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
Consolidating Statements of Operations
For the Year Ended December 31, 1994
(Amounts in Thousands)
<TABLE>
Texas -
Texas-New Texas Texas New Mexico
Mexico Power Generating Generating Consolidating Power Company
Company Company CompanyII Entries Consolidated
<S> <C> <C> <C> <C> <C>
Operating Revenues $477,989 4,799 5,606 (10,405) 477,989
Operating Expenses :
Power purchased for resale 194,595 194,595
Fuel 46,988 46,988
Other operating and general 82,877 (10,405) 72,472
Maintenance 11,966 11,966
Reorganization costs 8,782 8,782
Depreciation of
utility plant 26,377 4,799 5,606 36,782
Taxes, other than on income 29,651 29,651
Income taxes 693 105 (2,036) (1,238)
Total Operating Expenses 401,929 4,904 3,570 (10,405) 399,998
Net Operating Income 76,060 (105) 2,036 - 77,991
Other Income (Loss):
Provision for
regulatory disallowances (31,546) - (31,546)
Other income, net (23,627) - 25,102 1,475
Income taxes (213) 10,907 10,694
Net Other Income (Loss) (23,840) (20,639) - 25,102 (19,377)
Earnings (Loss)
before interest charges 52,220 (20,744) 2,036 25,102 58,614
Interest charges 68,854 6,394 75,248
Net Earnings (Loss) (16,634) (20,744) (4,358) 25,102 (16,634)
Dividends on
preferred stock 790 790
Earnings (Loss) Applicable
to Common Stock $(17,424) (20,744) (4,358) 25,102 (17,424)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
Consolidating Balance Sheet
December 31, 1994
(Amounts in Thousands)
Texas-
Texas-New Texas Texas New Mexico
Mexico Power Generating Generating Consolidating Power Company
Company Company CompanyII Entries Consolidated
<S> <C> <C> <C> <C> <C>
ASSETS
Utility plant $ 813,343 170,000 212,750 1,196,093
Less: accumulated
depreciation 192,488 18,588 17,744 228,820
Net Utility Plant 620,855 151,412 195,006 - 967,273
Investment in
Subsidiary Companies (75,883) 75,883 -
TNP One Replacement Notes 270,000 (270,000) -
Non-utility property 183 183
Current Assets :
Cash and cash equivalents 8,492 65 57 8,614
Intercompany accounts
receivable 146,257 22,284 19,134 (187,675) -
Other current assets 17,176 17,176
Deferred purchased power,
fuel and stand-by 15,258 15,258
Total current assets 187,183 22,349 19,191 (187,675) 41,048
Deferred debits 51,147 546 285 51,978
TOTAL ASSETS $1,053,485 174,307 214,482 (381,792) 1,060,482
CAPITALIZATION AND LIABILITIES
Capitalization :
Common stock equity:
Common stock $ 107 10 10 (20) 107
Capital In excess
of par value 175,111 175,111
Retained earnings 10,559 (54,498) (21,403) 75,901 10,559
Total common equity 185,777 (54,488) (21,393) 75,881 185,777
Redeemable cumulative
preferred stocks 8,680 8,680
Long-term debt, net of
amount due within one year 599,160 205,000 148,672 (270,000) 682,832
Total Capitalization 793,617 150,512 127,279 (194,119) 877,289
Current Liabilities :
Long-term debt due
within one year 1,070 1,600 2,670
Accounts payable 21,951 21,951
Intercompany accounts payable 41,415 50,599 95,659 (187,673) -
Revenues subject to refund 4,782 4,782
Other current liabilities 101,743 (35,789) (22,768) 43,186
Total current liabilities 170,961 14,810 74,491 (187,673) 72,589
Regulatory tax liabilities 47,307 47,307
Accumulated deferred
taxes on income 15,072 8,985 12,712 36,769
Accumulated deferred
investment tax credits 15,708 15,708
Deferred credits 10,820 10,820
Total Captalization
and liabilities $1,053,485 174,307 214,482 (381,792) 1,060,482
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<CIK> 0000022767
<NAME> TEXAS-NEW MEXICO POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 1,060,482
<TOTAL-OPERATING-REVENUES> 477,989
<NET-INCOME> 16,634
</TABLE>
