Tucson Electric Power Company
TEP and its predecessor companies have served the greater Tucson metropolitan area for 127 years. TEP was incorporated in the State of Arizona in 1963. TEP is a regulated electric utility company serving approximately 429,000 retail customers. TEP’s service territory covers 1,155 square miles and includes a population of over one million people in Pima County, as well as parts of Cochise County. TEP's principal business operations include generating, transmitting, and distributing electricity to its retail customers. In addition to retail sales, TEP sells electricity, transmission, and ancillary services to other utilities, municipalities, and energy marketing companies on a wholesale basis. TEP is subject to comprehensive state and federal regulation. The regulated electric utility operation is TEP's only segment. TEP is a wholly owned subsidiary of UNS Energy, a utility services holding company. UNS Energy is an indirect wholly owned subsidiary of Fortis which is a leader in the North American electric and gas utility business.
Company profile
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
Calendar
6 May 20
10 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 278.56M | 318M | 441M | 326M | |
| Net income | 7.92M | 21M | 98M | 42M | |
| Diluted EPS | |||||
| Net profit margin | 2.84% | 6.60% | 22.22% | 12.88% | |
| Operating income | 31.71M | 39M | 134M | 67M | |
| Net change in cash | 2.47M | -39.64M | -20.29M | -26.31M | |
| Cash on hand | 12.23M | 9.76M | 49.4M | 69.69M | |
| Cost of revenue | 111.98M | 149.45M | 103.96M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.42B | 1.43B | 1.34B | 1.23B | |
| Net income | 186.52M | 188.32M | 176.67M | 124.44M | |
| Diluted EPS | |||||
| Net profit margin | 13.15% | 13.15% | 13.17% | 10.08% | |
| Operating income | 282.59M | 288.14M | 326.33M | 243.13M | |
| Net change in cash | -128.35M | 100.11M | 2M | -20M | |
| Cash on hand | 9.76M | 138.11M | 38M | 36M | |
| Cost of revenue | 505.8M | 543.14M | 425.56M | 420.06M |
Financial data from company earnings reports
Financial report summary
?Risks
- The widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the COVID-19 pandemic, could adversely affect our business, results of operations and financial condition.
Management Discussion
- TEP reported net income of $187 million in 2019 compared with $188 million in 2018. The decrease of $1 million, or 1%, was primarily due to:
- Several factors affect our current and future results of operations. The most significant factors are related to regulatory matters, generation resource diversification, and weather patterns.
- TEP is subject to comprehensive regulation. The discussion below contains material developments to those matters.
Content analysis
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New words:
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Financial reports
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
15 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
31 Jul 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K/A
2017 FY
Annual report (amended)
27 Feb 18
Current reports
8-K
Tucson Electric Power Plans Dramatic Clean Energy Expansion, 80 Percent Carbon Emissions Reduction
26 Jun 20
8-K
Other Events
9 Apr 20
8-K
Other Events
21 Feb 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
13 Dec 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
9 Dec 19
8-K
TEP Accelerates its Expansion of Renewable Energy Resources with New Wind Farm
1 Apr 19
8-K
Other Events
7 Nov 18
8-K
TEP Adds Natural Gas Resource to Support a More Diverse, Sustainable Power Portfolio
13 Oct 17
8-K
Changes in Registrant's Certifying Accountant
5 May 17
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
29 Dec 16
Registration and prospectus
424B3
Prospectus supplement
7 Apr 20
FWP
Free writing prospectus
6 Apr 20
424B3
Prospectus supplement
6 Apr 20
S-3
Shelf registration
6 Jun 19
424B1
Prospectus with pricing info
27 Nov 18
FWP
Free writing prospectus
26 Nov 18
S-1/A
IPO registration (amended)
26 Nov 18
S-1/A
IPO registration (amended)
8 Nov 18
S-1
IPO registration
14 Sep 18
424B3
Prospectus supplement
28 May 15
Other
EFFECT
Notice of effectiveness
17 Jun 19
EFFECT
Notice of effectiveness
27 Nov 18
CORRESP
Correspondence with SEC
26 Nov 18
CORRESP
Correspondence with SEC
26 Nov 18
EFFECT
Notice of effectiveness
27 May 15
UPLOAD
Letter from SEC
4 Aug 14
CORRESP
Correspondence with SEC
1 Aug 14
UPLOAD
Letter from SEC
1 Aug 14
UPLOAD
Letter from SEC
23 Sep 11
CORRESP
Correspondence with SEC
2 Sep 11