UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549







Public Utility Holding Company Act of 1935
File No. 70-8869
Report for Period:  July 1, 1999 to September 30, 1999



In the matter of:

CENTRAL AND SOUTH WEST CORPORATION, ET AL



    This report is filed under Rule 24 of the Public Utility Holding Company Act
of 1935 by Central  Power and Light Company  (CPL),  Public  Service  Company of
Oklahoma  (PSO),   and  West  Texas  Utilities   Company  (WTU)   (collectively,
"Applicants"),  each a public  utility  subsidiary  company of Central and South
West Corporation.  Under HCAR 35-26548, dated July 30, 1996, it is required that
the Applicants file quarterly  reports with respect to the obligations  relative
to pollution  control  revenue bonds issued by the Red River  Authority of Texas
(Red River).  The following  information is provided for the Red River pollution
control  revenue bonds for each cap and collar  position that has been opened at
any  time  during  the  quarter:  1)  the  transaction  date,  2)  the  type  of
transaction,  3) the  notional  amount,  4) the name of the  counterparty,  5) a
description of the material terms of the transaction,  including the maturity or
termination  date of each  transaction and the cap and/or floor strike rates, 6)
the market value of all open cap or collar positions at the end of each quarter,
and 7) any gains or losses  realized from the  liquidation  of any cap or collar
positions  during  such  quarter.  This  report  covers the period  July 1, 1999
through September 30, 1999.


    No hedging activities occurred during the reporting period.





                                S I G N A T U R E


     As requested  by order of this  Commission  pursuant to the Public  Utility
Holding  Company Act of 1935, the Applicants  have duly caused this report to be
signed on its behalf on this 5th day of November 1999.

                                   Central Power and Light Company
                                   Public Service Company of Oklahoma
                                   West Texas Utilities Company

                                   /s/ R. Russell Davis
                                   -------------------------------
                                   R. Russell Davis
                                   Controller and Chief Accounting
                                   Officer