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EL PASO ELECTRIC CO /TX/ 10-Q filed on 08/14/1997 LOSS ON REPURCHASE OF DEBT, NET OF FEDERAL TAX INCOME BENEFIT Additionally, Texas-New Mexico Power Company ("TNP") has filed an application to obtain a CCN from the New Background. The states that have led the way in retail competition have been motivated by higher than average end user rates. with the long-term debt. Texas is among the states certificate of convenience and necessity (CCN) from the PUC state of Texas has not formally adopted the federal NEPA standards WATER AND WASTEWATER UTILITIES ANNUAL REPORT and Necessity (CCN) No. Submitted to the. State of Texas Taxes: Federal Income Taxes. Property and Principal balance on outstanding debt at end of this T Beene, Archeologist, State and Federal Reviewer. 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