Exhibit 10.1.2
TEXAS-NEW MEXICO POWER COMPANY
TWELVE MONTHS ENDED SEPTEMBER 30, 2004
WEIGHTED AVERAGE COST OF CAPITAL
Line | (a) Balance | (b) | (c) Cost | (d) |
1 Common Equity* 2 Preferred Stock 3 Preferred Trust Securities 4 Long-Term Debt 5 Short-Term Debt 6 7 Total | $270,884,617 0 0 406,326,926 0 ______________ $677,211,543 | 40.00% 0.00% 0.00% 60.00% 0.00% _________ 100.00% | 10.25% 0.00% 0.00% 7.07% 0.00% | 4.10% 0.00% 0.00% 4.24% 0.00% _______ 8.34% |
* Assumed common equity in order to achieve 40% equity ratio