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TEXAS-NEW MEXICO POWER COMPANY FILES REGISTRATION STATEMENT FOR DEBT OFFERINGS

 FORT WORTH, Texas, July 19 /PRNewswire/ -- Texas-New Mexico Power Company today announced that it has filed a registration statement with the Securities and Exchange Commission for the issuance of $140 million of secured debentures due in 2003 and $100 million of first mortgage bonds due in 2000. The offerings will be underwritten by Dillon, Read & Co. Inc. and Chase Securities, Inc.
 The majority of the proceeds from the two offerings will be applied toward the prepayment of a portion of the bank debt incurred in constructing Unit 1 and Unit 2 of the TNP One generating project, a two-unit, 300-megawatt, lignite-fueled generating plant located in Robertson County, Texas. The company will also use a portion of the proceeds to reimburse the company's treasury for funds used to retire Series G first mortgage bonds and to redeem Series H, I, J and K of the company's first mortgage bonds. The redemption of such bonds will allow the company to issue more bonds at this time than would otherwise have been possible.
 Texas-New Mexico Power Company is the Fort Worth-based, wholly-owned subsidiary of TNP Enterprises, Inc. (NYSE: TNP). The company provides electric service to more than 210,000 customers in 90 towns and cities in two states.
 -0- 7/19/93
 /CONTACT: D. R. Barnard of Texas-New Mexico Power Company, 817-731-0099, ext. 319/
 (TNP)


CO: Texas-New Mexico Power Company ST: Texas IN: UTI SU: OFR

GK -- NY084 -- 3207 07/19/93 15:54 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
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