SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
NEWPOWER HOLDINGS, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
652463100
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(CUSIP Number)
December 31, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Exchange Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1
47660.1751
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CUSIP NO. 652463100 13G PAGE 2 OF 14 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GE Capital Equity Investments, Inc.
06-1268495
---------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
8,946,288
-------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
-------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,946,288
---------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,946,288
---------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
---------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
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12 TYPE OF REPORTING PERSON
CO
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Page 2
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CUSIP NO. 652463100 13G PAGE 3 OF 14 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Corporation
13-1500700
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
8,946,288
-------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
-------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
8,946,288
---------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,946,288
---------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
---------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
---------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
---------- ---------------------------------------------------------------------------------------------------------
Page 3
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CUSIP NO. 652463100 13G PAGE 4 OF 14 PAGES
---------------------------------------------- --------------------------
---------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Services, Inc.
06-1109503
---------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
-------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
-------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
---------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by General
Electric Capital Services, Inc.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
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12 TYPE OF REPORTING PERSON
CO
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Page 4
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CUSIP NO. 652463100 13G PAGE 5 OF 14 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
14-0689340
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------- ------------- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------- ------------- ---------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
-------------------------- ------------- ---------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
-------------------------- ------------- ---------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
---------- ---------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by General
Electric Company.
---------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
---------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
---------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
---------- ---------------------------------------------------------------------------------------------------------
Page 5
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) and (b) This statement relates to the Common Stock, $.01 par
value per share (the "Common Stock"), of NewPower Holdings, Inc., a Delaware
corporation formerly known as TNPC, Inc. (the "Issuer"). The address of the
principal executive offices of the Issuer is One Manhattanville Road, Purchase,
New York 10577.
ITEM 2. PERSON FILING:
(a)-(c) This statement is being filed by:
GE Capital Equity Investments, Inc., a Delaware corporation ("GECEI");
General Electric Capital Corporation, a New York corporation ("GE Capital");
General Electric Capital Services, Inc., a Delaware corporation ("GECS"); and
General Electric Company, a New York corporation ("GE").
The agreement among each of GECEI, GE Capital, GECS and GE that this
statement be filed on behalf of each of them is attached hereto as Exhibit A.
GECEI is a subsidiary of GE Capital, GE Capital is a subsidiary of GECS, and
GECS is a subsidiary of GE. GECEI's principal business office is located at 120
Long Ridge Road, Stamford, Connecticut 06927. GE Capital's and GECS' principal
business offices are located at 260 Long Ridge Road, Stamford, Connecticut
06927. GE's principal business office is located at 3135 Easton Turnpike,
Fairfield, Connecticut 06431.
(d)-(e) This statement relates to the Common Stock of the Issuer,
$.01 par value per share. The CUSIP No. for such shares is 652463100.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box.
[ ]
ITEM 4. OWNERSHIP.
(a)-(c) The response of GECEI, GE Capital, GECS and GE to Items 5, 6,
7, 8, 9 and 11 of each of their respective Cover Sheets which relate to the
beneficial ownership of the Common Stock of the Issuer is incorporated herein by
Page 6
reference. The shares of Common Stock beneficially owned by GECEI and GE Capital
include Class A Warrants with the right to acquire 5,250,000 shares of Common
Stock.
Each of GECS and GE hereby expressly disclaims beneficial ownership
of the shares of Common Stock owned by GECEI.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
(a) N/A
(b) N/A
Page 7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 2001
GE CAPITAL EQUITY INVESTMENTS, INC.
By: Jonathan K. Sprole
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Name: Jonathan K. Sprole
Title: Managing Director
GENERAL ELECTRIC CAPITAL CORPORATION
By: William D. Strittmatter
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Name: William D. Strittmatter
Title: Vice-President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: Jonathan K. Sprole
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Name: Jonathan K. Sprole
Title: Attorney-in-fact
GENERAL ELECTRIC COMPANY
By: Jonathan K. Sprole
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Name: Jonathan K. Sprole
Title: Attorney-in-fact
Page 8
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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A Joint Filing Agreement, dated February 12, 2001, among
GECEI, GE Capital, GECS and GE, to file joint statement
on Schedule 13G.
B Power of Attorney, dated as of February 22, 2000,
appointing Jonathan K. Sprole as attorney-in-fact for
General Electric Company.
C Power of Attorney, dated as of February 22, 2000,
appointing Jonathan K. Sprole as attorney-in-fact for
General Electric Capital Services, Inc.
Page 9