UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED: November 12, 2004)
IRS Employer
Commission Registrant; State of Incorporation; Identification
File Number Address; and Telephone Number Number
----------- ----------------------------------- ----------------
1-13739 UNISOURCE ENERGY CORPORATION 86-0786732
(An Arizona Corporation)
One South Church Avenue, Suite 100
Tucson, AZ 85701
(520) 571-4000
1-5924 TUCSON ELECTRIC POWER COMPANY 86-0062700
(An Arizona Corporation)
One South Church Avenue, Suite 100
Tucson, AZ 85701
(520) 571-4000
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
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On November 12, 2004, Tucson Electric Power Co. (TEP), Phelps Dodge
Energy Services, LLC and PNM Resources, Inc. (PNMR) each purchased from Duke
Energy North America, LLC a one-third interest in a limited liability company
which owns the partially constructed natural gas-fired Luna Energy Facility
(Luna). TEP expects that most of the assets of the limited liability company
will be transferred to the new owners so that each owner will directly own a
one-third interest in the plant. Luna is designed as a 570-MW combined cycle
plant in southern New Mexico and is expected to be operational by the summer of
2006. Luna is expected to provide TEP with 190 MW of power to serve its
wholesale and retail customers. Public Service Company of New Mexico, an
affiliate of PNMR, will oversee the completion of construction of Luna, which is
approximately 50 percent complete, and will operate Luna.
TEP paid $13 million for its one-third interest. TEP expects to spend
up to an additional $37 million for its one-third share of the costs to complete
construction of Luna and purchase necessary inventory items. TEP anticipates
that internal cash flows will fund its share of the costs related to the plant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNISOURCE ENERGY CORPORATION
(Registrant)
/s/ Kevin P. Larson
Date: November 18, 2004 -----------------------------------
Vice President and Principal
Financial Officer
TUCSON ELECTRIC POWER COMPANY
(Registrant)
/s/ Kevin P. Larson
Date: November 18, 2004 -----------------------------------
Vice President and Principal
Financial Officer
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