The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Utilities > Electric Utilities > TNP Enterprises, Inc.

TNP Enterprises, Inc.
 PROFILE
The sleepy little utility from the Southwest has made a big splash in its industry: TNP Enterprises was acquired in 2000 by a private investor group in the first leveraged buyout of a US electric utility. Industry veteran William Catacosinos of Laurel Hill Capital Partners led the buyout and has become TNP's CEO. Other investors include CIBC World Markets. The company's main subsidiary, Texas-New Mexico Power (TNMP), provides electricity to more than 235,000 customers in 85 towns in north-central and West Texas, along the Texas Gulf Coast, and in southern New Mexico. TNP has formed First Choice Power to compete in the Texas electricity market, which is being restructured. It is also selling its 300-MW power plant.

 COMPETITION
El Paso Electric Company (EE)
Reliant Energy, Incorporated (REI)
TXU Corp. (TXU)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 644.00
1-Yr. Sales Growth: 11.8%
Employees: 836
Revenue per employee: $770,334.93

 KEY PEOPLE
• William J. Catacosinos
    CEO
• Theodore A. Babcock
    CFO

 CONTACT INFO
4100 International Plaza
Fort Worth, TX 76109
US
Phone: 817-731-0099
Fax: 817-737-1343
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001