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February 07, 2016 2:06 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, General Counsel and Director
Age: 48
Compensation as of Fiscal Year 2015.

Tucson Electric Power Company Key Developments

Tucson Electric Power Announces Long-Term Agreement to Supply Navopache Electric Cooperative, with Effect from January 1, 2017

Tucson Electric Power (TEP) has reached long-term agreement to supply Navopache Electric Cooperative with wholesale power beginning next year. TEP will begin delivering power on January 1, 2017 to satisfy Navopache’s energy requirements through a 25-year agreement signed last month. TEP also will provide ancillary services that support the transmission of electric power and help ensure service reliability.

Tucson Electric Power Secures $250 Million Revolving Credit Facility

Tucson Electric Power Co. has replaced a $200 million revolving credit facility in exchange for a new credit line with a higher upper limit. The company can withdraw up to $250 million under the new facility, which expires October 15, 2020, and can be extended for two, one-year periods if certain conditions are met. The Fortis Inc. subsidiary is required to pay interest rates and fees for all amounts borrowed based on a pricing grid tied to its credit ratings. The interest rate now in effect is LIBOR plus 1% for euro dollar loans or alternate base rate plus zero percent for alternate base rate loans. The unsecured facility was secured from lenders including MUFG Union Bank NA, which served as administrative agent, lead arranger and lender for the credit agreement.

Tucson Electric Power Company Elects Todd C. Hixon as Director

On August 12, 2015, Tucson Electric Power Company's board of directors filled a vacancy on the board by electing Todd C. Hixon as a director. In addition to his duties as a director, Mr. Hixon continues to serve as Vice President and General Counsel of TEP.

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