8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


Date of earliest event reported:    November 17, 1999
Date of report:                     December 7, 1999

Commission             Registrant, State of Incorporation,  I.R.S. Employer
File Number              Address and Telephone Number       Identification No.

1-1443                 Central and South West Corporation   51-0007707
                       (A Delaware Corporation)
                       1616 Woodall Rodgers Freeway
                       Dallas, Texas 75202-1234
                       (214) 777-1000

0-346                  Central Power and Light Company      74-0550600
                       (A Texas Corporation)
                       539 North Carancahua Street
                       Corpus Christi, Texas 78401-2802
                       (512) 881-5300

0-343                  Public Service Company of Oklahoma   73-0410895
                       (An Oklahoma Corporation)
                       212 East 6th Street
                       Tulsa, Oklahoma 74119-1212
                       (918) 599-2000

1-3146                 Southwestern Electric Power Company  72-0323455
                       (A Delaware Corporation)
                       428 Travis Street
                       Shreveport, Louisiana 71156-0001
                       (318) 222-2141

0-340                  West Texas Utilities Company         75-0646790
                       (A Texas Corporation)
                       301 Cypress Street
                       Abilene, Texas 79601-5820
                       (915) 674-7000





GLOSSARY OF TERMS
The following abbreviations or acronyms used in this text are defined below:

Abbreviation or Acronym    Definition
AEP........................American Electric Power Company, Inc., Columbus, Ohio
AEP Merger.................Proposed merger between AEP and CSW where CSW would
                           become a wholly-owned subsidiary of AEP
Agreement and Stipulation..Agreement and stipulation between SWEPCO and the
                           Louisiana Commission staff in SWEPCO's rate
                           proceeding in Louisiana
ALJ........................Administrative Law Judge
CSW........................Central and South West Corporation, Dallas, Texas
CSW System.................CSW and its subsidiaries
Exchange Act...............Securities Exchange Act of 1934, as amended
FERC.......................Federal Energy Regulatory Commission
Louisiana Commission.......Louisiana Public Service Commission
SWEPCO.....................Southwestern Electric Power Company, Shreveport,
                           Louisiana












FORWARD-LOOKING INFORMATION
This report made by CSW and certain of its subsidiaries contains forward-looking
statements  within the meaning of Section 21E of the Exchange Act.  Although CSW
and each of its  subsidiaries  believe  that  their  expectations  are  based on
reasonable  assumptions,  any such  statements may be influenced by factors that
could cause actual  outcomes and results to be materially  different  from those
projected.   Important  factors  that  could  cause  actual  results  to  differ
materially from those in the  forward-looking  statements  include,  but are not
limited to:

- -  the impact of general economic changes in the United States and in countries
   in which CSW either currently has made or in the future may make investments,
- -  the impact of the proposed AEP Merger including any regulatory conditions
   imposed on the merger or the inability to consummate the AEP Merger,
- -  increased competition and the restructuring of the electric utility industry
   in the United States,
- -  federal and state regulatory developments and changes in law which may have a
   substantial adverse impact on the value of CSW System generating and other
   assets,
- -  timing and adequacy of rate relief,
- -  adverse changes in electric load and customer growth,
- -  climatic changes or unexpected changes in weather patterns,
- -  changing fuel prices, generating plant and distribution facility performance,
- -  decommissioning costs associated with nuclear generating facilities,
- -  costs associated with any year 2000 computer related failure(s) within the
   CSW System, with the electric grid or with supplier(s) that adversely affect
   the CSW System and
- -  risks associated with hedging and other risk management techniques.








ITEM 5.  OTHER EVENTS

      AEP Merger
      On November 23, 1999, AEP and CSW issued a news release related to the AEP
Merger, which is attached as an exhibit.


      SWEPCO Agreement and Stipulation
      On November 17, 1999, the Louisiana  Commission approved the Agreement and
Stipulation  that will reduce  rates by  approximately  $11 million per year for
SWEPCO's  Louisiana retail  customers.  The new rates will become effective with
the December  1999 billing  period.  As a result of the approved  Agreement  and
Stipulation,  SWEPCO's  annual  earnings  will  decrease by  approximately  $8.4
million for the year 2000 and beyond.

      See  CSW's and  SWEPCO's  combined  quarterly  report on Form 10-Q for the
period ending September 30, 1999 for additional information on the Agreement and
Stipulation.

      On December 7, 1999, SWEPCO issued a news release related to the Louisiana
Commission's approval of the Agreement and Stipulation,  which is attached as an
exhibit.



ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)  Exhibits.

      Exhibit 99.1 - News release dated  November 23, 1999 issued by AEP and
        CSW related to the FERC ALJ initial decision concerning the AEP Merger.

      Exhibit  99.2 - News release  dated  December 7, 1999 issued by SWEPCO
        related to the Louisiana Commission's approval of the Agreement and
        Stipulation.








SIGNATURES

      Pursuant to the  requirements  of the Securities  Exchange Act of 1934, as
amended,  each registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                        CENTRAL AND SOUTH WEST CORPORATION

Date:  December 7, 1999

                        By:  /s/ Lawrence B. Connors
                                 Lawrence B. Connors
                             Controller and Chief Accounting Officer
                                (Principal Accounting Officer)



                        CENTRAL POWER AND LIGHT COMPANY
                        PUBLIC SERVICE COMPANY OF OKLAHOMA
                        SOUTHWESTERN ELECTRIC POWER COMPANY
                        WEST TEXAS UTILITIES COMPANY


Date:  December 7, 1999

                        By:  /s/ R. Russell Davis
                                 R. Russell Davis
                             Controller and Chief Accounting Officer
                                (Principal Accounting Officer)

EX-99.1

                                                                    Exhibit 99.1

AEP
AMERICAN
ELECTRIC                                     CSW
POWER                                        Central and South West Corporation

Contact for American Electric Power:         Contact for Central and South West:
Pat Hemlepp    614/223-1620                  Larry Jones  214/777-1276


FOR IMMEDIATE RELEASE:


                       FERC Administrative Law Judge Finds
                        AEP-CSW Merger in Public Interest

Columbus, Ohio, and Dallas, Nov. 23, 1999 -- The pending merger between American
Electric  Power  (NYSE:  AEP) and Central and South West Corp.  (NYSE:  CSR) was
found to be in the public  interest by Judge Joseph R. Nacy, the  administrative
law judge who presided  over the Federal  Energy  Regulatory  Commission  (FERC)
merger hearing.

"This is great news and a very  significant  step toward the  completion  of our
merger," said E. Linn Draper Jr., AEP's chairman,  president and chief executive
officer.  "More than 100 parties  intervened  in this merger,  raising  numerous
issues.  Judge Nacy  reviewed  testimony  on every issue set for  hearing.  This
decision validates what we've been saying since we announced the merger.  It's a
good deal for the  consumers and for  competition,  as well as being a good deal
for the companies."

Nacy's decision,  announced today, determined that the merger is consistent with
the public  interest;  rates,  terms and  conditions of rate schedules are just,
reasonable and not otherwise  unlawful;  and the joint open access  transmission
tariff  providing  for  post-merger  transmission  ancillary  services  is just,
reasonable and not otherwise unlawful. The judge found that arguments of several
parties  that AEP should be  required  to join the  Midwest  Independent  System
Operator as a condition of the merger were "not convincing."

The merger  now goes to the full FERC,  which has said it will act no later than
February or March of next year.

"This has been a long race,  but we have now  reached the point where we can see
the finish line," said Dick Brooks, chairman and chief executive officer of CSW.
"Regulatory  commissions in the four states CSW serves have already approved the
merger. We've put in a lot of hard work and we still have work to do, but we are
looking  forward  to  gaining  the final  regulatory  approvals  so we can begin
combining  the  companies  and flowing  the many  benefits of this merger to our
customers."


The merger requires approvals by the FERC, the Federal Communications Commission
and the  Securities  and Exchange  Commission and clearance by the Department of
Justice under the  Hart-Scott-Rodino  Antitrust  Improvements  Act of 1976. Upon
completion  of the merger,  the new  company  will be called  American  Electric
Power.

AEP and CSW announced  their intention to merge on Dec. 22, 1997. The merger has
received  approval from state  regulatory  commissions  in Arkansas,  Louisiana,
Oklahoma and Texas, the four states within CSW's service territory.

AEP and CSW  reached a  settlement  with the FERC trial staff in which the staff
supports a finding that the merger will have no adverse effect on competition.

AEP  and  CSW  have  announced  settlement  agreements  with  the  International
Brotherhood  of  Electrical  Workers  (IBEW) and the  Utility  Workers  Union of
America  (UWUA)  resulting in the IBEW and UWUA local unions  withdrawing  their
opposition  to  completion  of the merger;  as well as with the Indiana  Utility
Regulatory  Commission  (IURC) resulting in Indiana  customers  receiving merger
benefits and  including a commitment by the IURC not to oppose the merger during
consideration  of the merger agreement by the FERC and the SEC. AEP and CSW also
have announced a settlement agreement with key parties in Kentucky that has been
approved by the  Kentucky  Public  Service  Commission,  as well as a settlement
agreement  with  the  Missouri   Public  Service   Commission   addressing  that
commission's  concerns  about the effect of the merger on retail  competition in
the state.  The Public  Utility  Commission of Ohio (PUCO) has notified the FERC
that the PUCO is no longer opposing the pending merger or seeking  conditions on
the merger.

Additionally,  AEP and CSW have reached  settlements with a variety of wholesale
customers who had  intervened  in federal  proceedings.  The Nuclear  Regulatory
Commission has approved a license  transfer  application  related to the merger.
CSW will request an extension of the license  transfer  from the NRC before year
end.

Central and South West Corp. is a global,  diversified  public  utility  holding
company based in Dallas. CSW owns four electric operating  subsidiaries  serving
1.7 million  customers in Texas,  Oklahoma,  Louisiana and Arkansas;  a regional
electricity company in the United Kingdom; other international energy operations
and   non-utility   subsidiaries   involved   in   energy-related   investments,
telecommunications, energy efficiency and financial transactions.

AEP,  a  global  energy   company,   is  one  of  the  United  States'   largest
investor-owned  utilities,  providing energy to 3 million  customers in Indiana,
Kentucky,  Michigan,  Ohio,  Tennessee,  Virginia  and  West  Virginia.  AEP has
holdings in the United States, the United Kingdom,  China and Australia.  Wholly
owned  subsidiaries  provide power  engineering,  energy  consulting  and energy
management services around the world. The company is based in Columbus, Ohio.

                                           ###

News releases and other information about AEP can be found on the World Wide Web
at  http://www.aep.com.  News  releases and other  information  about CSW can be
found on the World Wide Web at http://www.csw.com.

EX-99.2

                                                                   Exhibit 99.2

     SWEPCO                     Southwestern Electric Power Company
                                  A Central and South West Company
                                            News Release


FOR IMMEDIATE RELEASE
CONTACT: Peter Main, 318-673-3530 or Scott McCloud, 318-673-3532

                             SWEPCO To Reduce Rates
                          in Louisiana Starting Dec. 7

      SHREVEPORT,  LA  (Dec.  7,  1999) -  Southwestern  Electric  Power Company
(SWEPCO) will reduce rates to the company's  Louisiana  customers by $11 million
annually beginning with bills mailed Dec. 7, 1999.

      The  reduction  follows a review of the company's  rates  initiated by the
Louisiana Public Service Commission (LPSC) last year. The LPSC formally approved
the reduction Nov. 17.

      Louisiana Public Service  Commissioner  Don Owen announced the action Nov.
17,  saying,  "It's not often we get the chance to announce  prices  going down.
This is especially exciting because SWEPCO already had the lowest power rates in
the state, and now they're going even lower."

      SWEPCO has not increased  rates in Louisiana  since 1985.  Some rates were
lowered  in 1987  due to tax  changes.  The  company  also has  passed  along to
customers savings achieved through reductions in fuel costs that began in 1994.

      Residential rates  will  decrease  by about  4.5  percent.  A  residential
customer whose bill averages $100 per month (or $1,200 per year) will save about
$4.50 a month (or $54 a year).  Commercial and industrial  customers' rates will
decrease  by about 4 percent.  Savings for each  customer  will depend on actual
energy usage.

      "We appreciate the opportunity we had to work with  Commissioner  Owen and
the  rest of the  Commission  during  this  rate  review.  We  believe  the rate
settlement  approved by the Commission is a fair  compromise of issues raised by
the  parties in this  proceeding,"  said SWEPCO  President  Mike  Madison.  "Our
customers, who already pay the lowest rates of any investor-owned utility in the
state, will receive a rate reduction,

                                     -more-





SWEPCO/Louisiana, Page 2

and  SWEPCO  will  have the  opportunity  to earn a  reasonable  return  for its
shareholders."

      Fees for certain services,  such as reconnection charges, will increase to
more  accurately  reflect the cost of providing  the  service.  Many fees can be
avoided by keeping accounts current, calling if the customer anticipates payment
problems, and coordinating transfer of service from one customer to another at a
particular  address.  The number to call for bill  inquiries is  1-888-216-3490.
SWEPCO's Customer Service Center is open 24 hours a day, seven days a week.

      SWEPCO, which is headquartered in Shreveport, serves approximately 164,000
customers in northwestern Louisiana.

      SWEPCO is a subsidiary of Central and South West Corporation (NYSE:CSR), a
Dallas-based  public  utility  holding  company,  which owns four U.S.  electric
utility  subsidiaries  serving 1.7 million  customers,  along with several other
subsidiaries.

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