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August 02, 2015 6:52 PM 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 and Unisource Energy Services Appoints New Leaders

Tucson Electric Power and UniSource Energy Services have named new leaders to oversee transmission and distribution (T&D) system operations and engineering, public policy and customer service. Susan Gray has been promoted to Vice President of T&D Operations and Engineering. In that capacity, she will oversee the delivery of safe, reliable service to TEP customers and the engineering services that support both TEP and UES. Jo Smith has been promoted to Vice President of Public Policy. In that capacity, she will oversee the regulatory affairs, government relations, communications and community engagement efforts of TEP and UES. TEP’s customer service efforts will be led by Cathy Ries in her new role as Vice President of Customer and Human Resources. Gray came to TEP as a student engineer in 1994 before being hired in 1997 as an Energy Management System engineer. Promoted to supervisory roles along the way, she advanced to Superintendent of T&D Design/Build in 2004. She was named Director of Design and Construction Services in 2011 and was promoted to Senior Director of T&D in 2013. Smith joined TEP in 2003 as Director of Investor Relations after having previously served in that role at Portland General Electric. She advanced to Director of Regulatory Services in 2011 and was promoted to Senior Director of Regulatory Services and Corporate Communications in 2013. Ries, who previously served as Vice President of Human Resources and Information Technology, came to TEP in 2007 after serving as Vice President of Human Resources for Clopay Building Products Company, a division of Griffon Corporation.

Tucson Electric Power Proposes New, Expanded Solar Energy Options for Customers in 2016

Tucson Electric Power is seeking to expand a popular new solar power program while providing another innovative solar choice for customers in 2016 as part of its plan to exceed Arizona's renewable energy goals. The renewable energy plan TEP filed last week with the Arizona Corporation Commission (ACC) includes a proposal to add up to 1,000 new participants in the TEP Residential Solar Program. The program, made available this year to approximately 500 homeowners, provides fixed-price electric service using solar arrays installed on customers homes. After budgeting $10 million for the program this year, TEP plans to invest another $15 million in the program in 2016. The program allows customers to go solar with no upfront installation or maintenance costs while receiving electric service at a flat monthly rate that remains fixed for up to 25 years.

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.

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