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July 07, 2015 7:40 AM ET

Electric Utilities

Company Overview of Tucson Electric Power Company

Company Overview

Tucson Electric Power Company, a vertically integrated regulated utility, generates, transmits, and distributes electricity in Arizona. The company generates electricity through coal, gas, oil, and solar projects. It serves 415,000 retail electric customers covering an area of 1,155 square miles in greater Tucson metropolitan area in Pima County, as well as parts of Cochise County in southeastern Arizona. As of December 31, 2014, the company owned or participated in an overhead electric transmission and distribution system consisting of 564 circuit-miles of 500-kilovolt (kV) lines, 1,100 circuit-miles of 345-kV lines, 408 circuit-miles of 138-kV lines, 465 circuit-miles of 46-kV lines, and 2...

88 East Broadway Boulevard

Tucson, AZ 85701

United States

Founded in 1892

1,448 Employees

Phone:

520-571-4000

Key Executives for Tucson Electric Power Company

Chief Executive Officer, President, Director and Chief Executive Officer of UNS Energy Corporation
Age: 48
Executive Chairman
Age: 63
Chief Financial Officer, Senior Vice President and Director
Age: 58
Chief Compliance Officer and Vice President
Age: 60
Vice President and General Counsel
Age: 48
Compensation as of Fiscal Year 2015.

Tucson Electric Power Company Key Developments

Tucson Electric Power Company Exchange Offer for 3.05% Senior Notes Due 2025 Expires June 29, 2015

Tucson Electric Power’s (TEP’s) offer to exchange up to all $300 million aggregate principal amount of its outstanding 3.05% Senior Notes due 2025 for an equivalent amount of its 3.05% Senior Notes due 2025 registered under the Securities Act of 1933, as amended, expires on June 29, 2015, unless extended. The Old Notes were issued and sold by TEP in February 2015 in a private offering. Tenders of Old Notes must be made before the exchange offer expires and may be withdrawn any time prior to the expiration of the exchange offer. The exchange offer is being made to satisfy TEP’s obligations under a registration rights agreement entered into in connection with the issuance of the Old Notes, and does not represent a new financing transaction.

Tucson Electric Power Builds New Transmission Line in Pinal County, Arizona

Tucson Electric Power, or TEP, has announced that it is building a new 500kV transmission line in Pinal County, Arizona. The line will extend approximately 41 miles from the Pinal Central Substation east of Casa Grande to TEP's Tortolita Substation, located southeast of the Red Rock area. Field crews are installing high-capacity wires, new metal poles and additional substation equipment for the new line, which will expand access to renewable energy projects and help meet future energy demands in the Tucson metropolitan area and surrounding region. The line's route, most of which passes though state-owned land, was identified after TEP conducted community meetings and studied its potential impact on natural, cultural and visual resources in a public process that began in 2008. TEP designed the project to minimize disturbance of native vegetation, wildlife and cultural resources. The Arizona Corporation Commission approved the route in 2012. More than half of the line's approximately 180 steel poles - each 150 to 190 feet tall - have been installed, and construction crews will begin stringing wires next month. Work on the project is being performed by TEP with assistance from Atkinson Construction. The $76 million project is expected to be completed in December. TEP also is nearly finished with upgrades to three 138-kV transmission lines that link substations in the Tucson metropolitan area. Improvement projects like these help to prevent power outages and allow TEP to restore service more quickly when outages occur. The upgraded 138-kV lines will be in service before the summer, when energy demand reaches its peak and powerful thunderstorms can damage equipment.

Tucson Electric Power Company Announces Resignation of Phillip J. Dion as Executive Officer and Director, Effective as of July 8, 2015

On June 1, 2015, Phillip J. Dion, Senior Vice President, Public Policy and Customer Solutions of Tucson Electric Power Company announced his resignation as an executive officer and director of TEP, effective as of July 8, 2015. Mr. Dion tendered his resignation in order to pursue other career opportunities.

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