<PAGE>
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. 69-372
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:
<TABLE>
<CAPTION>
State of
Name Organization Location and Nature of Business
---- ------------ -------------------------------
<S> <C> <C>
Texas-New Mexico Power Company Texas P.O. Box 2943
Fort Worth, TX 76113
Electric Utility/Holding Company
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
</TABLE>
2. Following is 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
<PAGE>
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:
Texas-New Mexico Power Company (TNMP) serves approximately 233,000
customers in a total of 85 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.
Within Texas, TNMP is a regulated public utility engaged in the
generation, supply, transmission, distribution and sale of electric energy.
TNMP has three operating regions throughout Texas. The largest
municipalities within Texas served by TNMP are Texas City, Lewisville, and
League City. The regions located in Texas are:
. 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. Electric transmission and distribution system serves
6 communities in southwestern Texas and 9 communities in southern New
Mexico. The Mountain region is based at Silver City, New Mexico. The
largest municipalities within this region served by TNMP are Silver
City, Alamogordo and Ruidoso, New Mexico, and Pecos, Texas.
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.
As described above, a portion of TNMP's Mountain Region serves
southern New Mexico. Within New Mexico, TNMP is a regulated public utility
engaged in the supply, transmission, distribution and sale of electric
energy. TNMP owns transmission and distribution lines within New Mexico.
2
<PAGE>
3. Certain information, for the calendar year 1999 with respect to
claimant and its subsidiaries, is provided in the following chart:
(a) Total MWH sold and related revenues are as follows:
<TABLE>
<CAPTION>
MWH Revenues From Sales
----------------- -------------------
<S> <C> <C>
Retail 9,248,086 $535,663,000
Wholesale 121,077 3,803,000
----------------- ---------------
Totals 9,369,163 $539,466,000
================= ===============
</TABLE>
TNP Enterprises, Inc. and Texas-New Mexico Power Company are incorporated in
the State of Texas.
(b) MWH sold at retail and related revenues are as follows:
<TABLE>
<CAPTION>
MWH Retail Revenues
----------------- ---------------
<S> <C> <C>
Texas 7,585,435 $451,723,000
New Mexico 1,662,651 83,940,000
----------------- ---------------
Totals 9,248,086 $535,663,000
================= ===============
</TABLE>
(c) MWH sold at wholesale and related revenues are as follows:
<TABLE>
<CAPTION>
MWH Wholesale Revenues
----------------- ------------------
<S> <C> <C>
Texas 88,052 $2,543,000
New Mexico 33,025 1,260,000
----------------- ---------------
Totals 121,077 $3,803,000
================= ===============
</TABLE>
(d) MWH purchased and related purchased power expenses are as follows:
<TABLE>
<CAPTION>
Purchased Power
MWH Expenses
----------------- ---------------
<S> <C> <C>
Texas 6,039,659 $193,680,000
New Mexico 1,677,197 52,000,000
----------------- ---------------
Totals 7,716,856 $245,680,000
================= ===============
</TABLE>
3
<PAGE>
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 1999, together with a
consolidating balance sheet and consolidating statements of retained earnings of
claimant and its subsidiaries as of the close of the 1999 calendar year, are
presented.
Exhibit B. A Financial Data Schedule for the period ended December 31,
1999, 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 24th day of February, 2000.
Texas-New Mexico Power Company
By /s/ M. S. Cheema
--------------------------------------------
Corporate Seal M. S. Cheema
Attest: Sr. Vice President - Chief Financial Officer
/s/ Paul W. Talbot
- --------------------------------
Paul W. Talbot, Secretary
The name, title and address of the officer to whom notices and correspondence
concerning this statement should be addressed is:
Paul W. Talbot, Secretary
Texas-New Mexico Power Company
P. O. Box 2943
Fort Worth, Texas 76113
4
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
(a wholly owned subsidiary of TNP Enterprises, Inc.)
CONSOLIDATING STATEMENTS OF INCOME (LOSS)
For the Year Ended December 31, 1999
(Amounts in Thousands)
Texas-New
Texas-New Texas Texas Mexico Power
Mexico Power Generating Generating Consolidating Company
Company Company Company II Entities Consolidated
------------ ---------- ---------- ------------- ------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES $576,093 $4,278 $5,561 $(9,839) $576,093
---------- ------- --------- ------------- ------------
OPERATING EXPENSES:
Purchased power and fuel 279,587 - - - 279,587
Other operating and maintenance 109,229 - - (9,839) 99,390
Depreciation of utility plant 29,456 4,278 5,561 - 39,295
Charge for recovery of stranded plant 23,376 - - - 23,376
Taxes other than income taxes 33,296 - - - 33,296
Income taxes 20,705 96 (2) - 20,799
---------- ------- --------- ------------- ------------
Total operating expenses 495,649 4,374 5,559 (9,839) 495,743
---------- ------- --------- ------------- ------------
NET OPERATING INCOME (LOSS) 80,444 (96) 2 - 80,350
---------- ------- --------- ------------- ------------
OTHER INCOME (LOSS):
Other income and deductions, net 1,840 9 9 82 1,940
Income taxes 283 (3) (3) - 277
---------- ------- --------- ------------- ------------
Other income (loss), net of taxes 2,123 6 6 82 2,217
---------- ------- --------- ------------- ------------
INCOME (LOSS) BEFORE INTEREST CHARGES 82,567 (90) 8 82 82,567
---------- ------- --------- ------------- ------------
INTEREST CHARGES:
Interest on long-term debt 37,919 - - - 37,919
Other interest and amortization of debt-related costs 5,205 - - - 5,205
---------- ------- --------- ------------- ------------
Total interest charges 43,124 - - - 43,124
---------- ------- --------- ------------- ------------
NET INCOME (LOSS) 39,443 (90) 8 82 39,443
Dividends on preferred stock and other (19) - - - (19)
---------- ------- --------- ------------- ------------
INCOME (LOSS) APPLICABLE TO COMMON STOCK $ 39,462 $ (90) $ 8 $ 82 $ 39,462
========== ======= ========= ============= ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
(a wholly owned subsidiary of TNP Enterprises, Inc.)
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
For the Year Ended December 31, 1999
(Amounts in Thousands)
Texas- Texas Texas New Mexico
New Mexico Generating Generating Consolidating Power Company
Power Company Company Company II Entries Consolidated
----------------- ---------------- ------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
BALANCE AT DECEMBER 31, 1998 $ 79,840 $(54,865) $(25,151) $80,016 $ 79,840
Net income (loss) 39,443 (90) 8 82 39,443
Dividends on preferred stock (99) - - - (99)
Dividends on common stock (29,000) - - - (29,000)
Retirement of preferred stock 118 - - - 118
----------------- ---------------- --------------- ------------- --------------
BALANCE AT DECEMBER 31, 1999 $ 90,302 $(54,955) $(25,143) $80,098 $ 90,302
================= ================ =============== ============ ==============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
(a wholly owned subsidiary of TNP Enterprises, Inc.)
CONSOLIDATING BALANCE SHEET
December 31, 1999
(Amounts in Thousands)
Texas-
Texas- Texas Texas New Mexico
New Mexico Generating Generating Consolidating Power Company
Power Company Company Company II Entries Consolidated
------------- ----------- ---------- ------------- -------------
<S> <C> <C> <C> <C> <C>
ASSETS
- ------
UTILITY PLANT $ 907,831 $ 170,000 $ 212,750 $ - $ 1,290,581
Less: accumulated depreciation 296,816 40,079 45,732 - 382,627
------------- ----------- ---------- ------------- -----------
Net utility plant 611,015 129,921 167,018 - 907,954
------------- ----------- ---------- ------------- -----------
INVESTMENT IN SUBSIDIARY COMPANIES (80,078) - - 80,078 -
TNP ONE REPLACEMENT NOTES 417,750 - - (417,750) -
OTHER PROPERTY AND INVESTMENTS, at cost 213 - - - 213
CURRENT ASSETS:
Cash and cash equivalents 3,567 226 209 - 4,002
Accounts receivable 115,821 43,654 153,978 (307,106) 6,347
Deferred purchased power and fuel costs 304 - - - 304
Other current assets 4,765 - - - 4,765
------------- ----------- ---------- ------------- -----------
Total current assets 124,457 43,880 154,187 (307,106) 15,418
------------- ----------- ---------- ------------- -----------
LONG-TERM AND OTHER ASSETS:
Recoverable stranded costs 18,435 537 284 - 19,256
Deferred purchased power and fuel costs 21,797 - - - 21,797
Deferred charges 19,757 - - - 19,757
------------- ----------- ---------- ------------- -----------
Total long-term and other assets 59,989 537 284 - 60,810
------------- ----------- ---------- ------------- -----------
$ 1,133,346 $ 174,338 $ 321,489 $ (644,778) 984,395
============= =========== ========== ============= ===========
CAPITALIZATION AND LIABILITIES
- ------------------------------
CAPITALIZATION:
Common shareholder's equity:
Common stock $ 107 $ 10 $ 10 $ (20) $ 107
Capital in excess of par value 222,149 - - - 222,149
Retained earnings 90,302 (54,955) (25,143) 80,098 90,302
------------- ----------- ---------- ------------- -----------
Total common shareholder's equity 312,558 (54,945) (25,133) 80,078 312,558
Redeemable cumulative preferred stock 1,664 - - - 1,664
Long-term debt, less current maturities 340,244 205,000 212,750 (417,750) 340,244
------------- ----------- ---------- ------------- -----------
Total capitalization 654,466 150,055 187,617 (337,672) 654,466
------------- ----------- ---------- ------------- -----------
CURRENT LIABILITIES:
Current maturities of long-term debt 100,000 - - - 100,000
Accounts payable 130,229 50,599 146,352 (307,106) 20,074
Other current liabilities 144,784 (47,754) (33,536) - 63,494
------------- ----------- ---------- ------------- -----------
Total current liabilities 375,013 2,845 112,816 (307,106) 183,568
------------- ----------- ---------- ------------- -----------
LONG-TERM AND OTHER LIABILITIES:
Regulatory tax liabilities 6,633 - - - 6,633
Accumulated deferred income taxes 52,671 21,438 21,056 - 95,165
Accumulated deferred investment tax credits 23,978 - - - 23,978
Deferred credits 20,585 - - - 20,585
------------- ----------- ---------- ------------- -----------
Total long-term and other liabilities 103,867 21,438 21,056 - 146,361
------------- ----------- ---------- ------------- -----------
$ 1,133,346 $ 174,338 $ 321,489 $ (644,778) $ 984,395
============= =========== ========== ============= ===========
</TABLE>
<PAGE>
Exhibit 8
TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES
(a wholly owned subsidiary of TNP Enterprises, Inc.)
Financial Data Schedule
For the Period Ending December 31, 1999
(Amounts in Thousands)
Item No. Caption Heading Amount
- ----------- ------------------------- ---------------
1 Total Assets $ 984,395
2 Total Operating Revenues 576,093
3 Net Income (Loss) 39,443
