<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. 69-291
TNP Enterprises, Inc.
---------------------
(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>
TNP Enterprises, Inc. Texas P.O. Box 2943
Fort Worth, TX 76113
Holding Company
Texas-New Mexico Power Company Texas P.O. Box 2943
Fort Worth, TX 76113
Electric Utility/Holding Company
Facility Works, Inc. Texas P.O. Box 2943
Fort Worth, TX 76113
General purpose corporation
TNP Operating Company Texas P.O. Box 2943
Fort Worth, TX 76113
General purpose corporation
(presently inactive)
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
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
* Wholly-owned subsidiary of Texas-New Mexico Power Company
</TABLE>
2. The following is a brief description of the properties of claimant
and of its subsidiary public utility company, Texas-New Mexico Power Company
(TNMP), 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:
The claimant owns all of the issued and outstanding common stock of
its principal operating subsidiary, TNMP, an electric public utility
corporation. 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 within Texas. The largest
municipalities within Texas that TNMP serves 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.
2
<PAGE>
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.
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:
MWH Revenues From Sales
----------------- -------------------
Retail 9,248,086 $535,663,000
Wholesale 121,077 3,803,000
----------------- -------------------
Totals 9,369,163 $539,466,000
================= ===================
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:
MWH Retail Revenues
----------------- -------------------
Texas 7,585,435 $451,723,000
New Mexico 1,662,651 83,940,000
----------------- -------------------
Totals 9,248,086 $535,663,000
================= ===================
(c) MWH sold at wholesale and related revenues are as follows:
MWH Wholesale Revenues
----------------- -------------------
Texas 88,052 $ 2,543,000
New Mexico 33,025 1,260,000
----------------- -------------------
Totals 121,077 $ 3,803,000
================= ===================
(d) MWH purchased and related purchased power expenses are as follows:
Purchased Power
MWH Expenses
----------------- -------------------
Texas 6,039,659 $193,680,000
New Mexico 1,677,197 52,000,000
----------------- -------------------
Totals 7,716,856 $245,680,000
================= ===================
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
TNP Enterprises, Inc.
P. O. Box 2943
Fort Worth, Texas 76113
4
<PAGE>
Exhibit A
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF INCOME (LOSS)
For the Year Ended December 31, 1999
(Amounts in Thousands)
<TABLE>
<CAPTION>
Texas-New
Mexico Power TNP TNP TNP Enterprises,
Company Operating Enterprises, Consolidating Inc.
Consolidated Company Inc. Entries Consolidated
------------ --------- ----------- ------------- ----------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES $576,093 $ 57 $ - $ - $576,150
------------ --------- ----------- ------------- ----------------
OPERATING EXPENSES:
Purchased power and fuel 279,587 - - - 279,587
Other operating and maintenance 99,390 3 7,241 - 106,634
Depreciation of utility plant 39,295 - - - 39,295
Charge for recovery of stranded plant 23,376 - - - 23,376
Taxes other than income taxes 33,296 4 446 - 33,746
Income taxes 20,799 30 (1,709) - 19,120
------------ --------- ----------- ------------- ----------------
Total operating expenses 495,743 37 5,978 - 501,758
------------ --------- ----------- ------------- ----------------
NET OPERATING INCOME (LOSS) 80,350 20 (5,978) - 74,392
------------ --------- ----------- ------------- ----------------
OTHER INCOME (LOSS):
Other income and deductions, net 1,940 103 35,260 (39,651) (2,348)
Income taxes 277 (24) 1,523 90 1,866
------------ --------- ----------- ------------- ----------------
Other income (loss), net of taxes 2,217 79 36,783 (39,561) (482)
------------ --------- ----------- ------------- ----------------
INCOME (LOSS) BEFORE INTEREST CHARGES 82,567 99 30,805 (39,561) 73,910
------------ --------- ----------- ------------- ----------------
INTEREST CHARGES:
Interest on long-term debt 37,919 - 619 - 38,538
Other interest and amortization of
debt-related costs 5,205 - - - 5,205
------------ --------- ----------- ------------- ----------------
Total interest charges 43,124 - 619 - 43,743
------------ --------- ----------- ------------- ----------------
NET INCOME (LOSS) 39,443 99 30,186 (39,561) 30,167
Dividends on preferred stock and other (19) - - - (19)
------------ --------- ----------- ------------- ----------------
INCOME (LOSS) APPLICABLE TO COMMON STOCK $ 39,462 $ 99 $30,186 $(39,561) $ 30,186
============ ========= =========== ============= ================
</TABLE>
<PAGE>
Exhibit A
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
For the Year Ended December 31, 1999
(Amounts in Thousands)
<TABLE>
<CAPTION>
Texas-New
Mexico Power TNP TNP Enterprises,
Company TNP Operating Enterprises, Facility Consolidating Inc.
Consolidated Company Inc. Works, Inc. Entries Consolidated
------------ ------------- ------------ ----------- ------------- ----------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT DECEMBER 31, 1998 $ 79,840 $ 999 $115,776 $(28,689) $(52,150) $115,776
Net income (loss) 39,443 99 30,186 - (39,561) 30,167
Dividends on preferred stock (99) - - - - (99)
Dividends on common stock (29,000) - (15,537) - 29,000 (15,537)
Retirement of preferred stock 118 - - - - 118
------------ ------------- ------------ ----------- ------------- ----------------
BALANCE AT DECEMBER 31, 1999 $ 90,302 $1,098 $130,425 $(28,689) $(62,711) $130,425
============ ============= ============ ============ ============= ================
</TABLE>
<PAGE>
Exhibit A
TNP ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
December 31, 1999
(Amounts in Thousands)
<TABLE>
<CAPTION>
Texas-New
Mexico Power TNP TNP Enterprises,
Company TNP Operating Enterprises, Facility Consolidating Inc.
Consolidated Company Inc. Works, Inc. Entries Consolidated
------------ ------------- ------------ ----------- ------------- ----------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
- ------
UTILITY PLANT $1,290,581 $ - $ 280 $ - $ (256) $1,290,605
Less: accumulated
depreciation 382,627 - - - - 382,627
------------ ------------ ------------ ---------- ----------- ---------------
Net utility plant 907,954 - 280 - (256) 907,978
------------ ------------ ------------ ---------- ----------- ---------------
INVESTMENT IN SUBSIDIARY
COMPANIES - - 318,796 - (318,796) -
TNP ONE REPLACEMENT NOTES - - - - - -
OTHER PROPERTY AND
INVESTMENTS, at cost 213 930 3,100 - - 4,243
CURRENT ASSETS:
Cash and cash equivalents 4,002 641 8,408 1,405 - 14,456
Accounts receivable 6,347 - (6,931) 2,037 6,931 8,384
Deferred purchased power
and fuel costs 304 - - - - 304
Accumulated deferred
income taxes - - - 891 (891) -
Other current assets 4,765 - 23 256 - 5,044
------------ ------------ ------------ ---------- ----------- ---------------
Total current assets 15,418 641 1,500 4,589 6,040 28,188
------------ ------------ ------------ ---------- ----------- ---------------
LONG-TERM AND OTHER ASSETS:
Recoverable stranded costs 19,256 - - - - 19,256
Deferred purchased power
and fuel costs 21,797 - - - - 21,797
Deferred charges 19,757 129 (149) - - 19,737
------------ ------------ ------------ ---------- ----------- ---------------
Total long-term and other
assets 60,810 129 (149) - - 60,790
------------ ------------ ------------ ---------- ----------- ---------------
$ 984,395 $1,700 $323,527 $ 4,589 $(313,012) $1,001,199
============ ============ ============ ========== =========== ===============
CAPITALIZATION AND LIABILITIES
- ------------------------------
CAPITALIZATION:
Common shareholder's equity:
Common Stock $ 107 $ 100 $196,685 $ 1 $ (208) $ 196,685
Capital in excess of par value 222,149 400 - 33,494 (256,043) -
Retained earnings 90,302 1,098 130,425 (28,689) (62,711) 130,425
------------ ------------ ------------ ---------- ----------- ---------------
Total common shareholder's
equity 312,558 1,598 327,110 4,806 (318,962) 327,110
Redeemable cumulative
preferred stock 1,664 - - - - 1,664
Long-term debt, less
current maturities 340,244 - - - - 340,244
------------ ------------ ------------ ---------- ----------- ---------------
Total capitalization 654,466 1,598 327,110 4,806 (318,962) 669,018
------------ ------------ ------------ ---------- ----------- ---------------
CURRENT LIABILITIES:
Current maturities of
long-term debt 100,000 - - - - 100,000
Accounts payable 20,074 31 52 173 (30) 20,300
Other current liabilities 63,494 71 (6,186) (390) 5,980 62,969
------------ ------------ ------------ ---------- ----------- ---------------
Total current liabilities 183,568 102 (6,134) (217) 5,950 183,269
------------ ------------ ------------ ---------- ----------- ---------------
LONG-TERM AND OTHER LIABILITIES:
Regulatory tax liabilities 6,633 - - - - 6,633
Accumulated deferred
income taxes 95,165 - 2,031 - - 97,196
Accumulated deferred
investment tax credits 23,978 - - - - 23,978
Deferred credits 20,585 - 520 - - 21,105
------------ ------------ ------------ ---------- ----------- ---------------
Total long-term and other
liabilities 146,361 - 2,551 - - 148,912
------------ ------------ ------------ ---------- ----------- ---------------
$ 984,395 $1,700 $323,527 $ 4,589 $(313,012) $1,001,199
============ ============ ============ ========== =========== ===============
</TABLE>
<PAGE>
Exhibit B
TNP ENTERPRISES, INC. AND SUBSIDIARIES
Financial Data Schedule
For the Period Ending December 31, 1999
(Amounts in Thousands)
Item No. Caption Heading Amount
- -------- -------------------------------- -----------------
1 Total Assets $1,001,199
2 Total Operating Revenues 576,150
3 Net Income (Loss) 30,167
