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| TNPC, Inc. |
| 10 Greenville Street, Greenwich, CT 06831 * (203) 531-0400 |
| Business Description | The company intends to become the first nationally branded provider of electricity and natural gas to residential and small commercial customers in the United States. |
|
Filing Information Not yet | |||
| To Trade As | NPW (NYSE) | Industry | Utilities (SIC 4931) |
| Type of Stock Offered | Common Shares | Filing Date | 7/14/00 |
| Domestic Shares Filed | 21,000,000 | Filing Range | $18.00 - $20.00 |
| Foreign Shares Filed | 0 | Offering Amount | $399,000,000 |
| Company Shares | 21,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 120,000,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| CS First Boston | Co-manager | (212) 325-2000 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 0.766 | 7.024 | 7.838 | 2.164 | 2.126 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -19.369 | -17.341 | -25.027 | -3.436 | -8.614 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 816.97 | 11.589 | -1.76 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 134.39 | Current Assets | 127.84 | Current Ratio | 1.61 |
| Total Liab. | 79.17 | Current Liab. | 79.17 | Debt Ratio | 58.91% |
| Total Equity | 55.22 | Working Cap. | 48.67 | Debt to Equity Ratio | 1.43 |
| Cash | 89.95 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for customer acquisitions, infrastructure development and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Vinson & Elkins |
| Bank's Law Firm | Andrews & Kurth |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Enron Corp. | 51.80 | |
| DLJMB Partners | 9.70 | |
| GE Capital Equity Investments, Inc. | 9.00 | |
| Ontario Teachers' Pension Plan Board | 8.30 | |
| California Public Employees Retirement System | 7.40 | |
| Cortez Energy Services, LLC | 5.10 | |
| LJM2-TNPC, LLC | 4.70 | |
| Note: represents ownership of 5% or more prior to the offering. | ||