Cash flows sufficient to enable TEP to self-fund capital expenditures and consistently improve upon its leveraged capital structure; Owned capacity that is predominantly coal and is able to meet native loads in all but the very hottest hours of the summer, and no additional base load plant is needed in the foreseeable future; Continued growth of TEP's service territory. In 2005, TEP customer growth was 2.5%, and energy sales increased 4%. Average annual customer growth at UNS Gas and UNS Electric is 4% to 4.5%; The absence of retail competition resulting from the lack of alternative energy service providers and subsequent court challenges, even though retail choice in Arizona was initiated in 2001; The integration of UNS Gas and UNS
