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: JUNE 3, 1994
TNP ENTERPRISES, INC.
(Exact name of Registrant)
Texas
(State of Incorporation)
1-8847 75-1907501
(Commission File No.) (IRS Employer
Identification No.)
4100 International Plaza
Fort Worth, Texas 76109
(Address of principal (Zip Code)
executive offices)
(817) 731-0099
(Registrant's telephone number)
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TNP ENTERPRISES, INC.
FORM 8-K
ITEM 5. Other Events
Texas-New Mexico Power Company (TNP), the Fort Worth based,
wholly owned subsidiary of TNP Enterprises, Inc. (the Company),
announced on June 2, 1994, that the Court of Appeals, Third
District of Texas, has denied all motions for
rehearing of the decision rendered on August 25, 1993. The
August 1993 ruling related to the 53rd District Court of Texas'
decision on appeals of the Public Utility Commission of Texas'
(the Commission) final order in Docket No. 9491 (TNP's
application to include Unit 1 of TNP One, TNP's Robertson County,
Texas, generating facility, in its rate base).
The Court of Appeals' denial of motions for rehearing
affirms the court's positions that:
1 TNP is entitled to an additional $9.1 million in its rate
base;
2 TNP One Unit 2 costs were not at issue in Docket No.
9491;
3 the Commission's disallowances of $30.4 million should be
upheld; and
4 the Commission erred in failing to pass on to ratepayer's
TNP's federal income tax savings for expenses disallowed
by the Commission.
The Court of Appeals' action clears the way for TNP to
appeal unfavorable positions, including the disallowances of
$30.4 million and the federal income tax issue, to the Texas
Supreme Court.
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SIGNATURE OF REGISTRANT
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.
BY /s/ M. D. Blanchard
M. D. BLANCHARD
Corporate Secretary
Date: June 3, 1994
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