Texas-New Mexico Power Company. The Group's principal activities are the generation, purchasing, transmission, distribution and sale of electricity to customers located in 85 municipalities in Texas and New Mexico. The Group is a wholly owned subsidiary of TNP Enterprises, Inc. The operations of the Group are conducted in the Gulf coast region, the North-Central region and the Mountain region. As at 31-Dec-2002, the Group had 246,864 customers. The Group serves residential, commercial and industrial customers. Residential customers accounted for 34% of 2002 revenues; Commercial customers, 31%; Industrial customers, 14% and Other, 21%.