-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VblNbI7rA+84ET8Mniji5o71DOiRIz1pLaMF3xTmLDSoqUKg2R/oizNYTQYrcbWq JdUMR6kwN0Szyke27BBgLw== 0000004904-02-000043.txt : 20020415 0000004904-02-000043.hdr.sgml : 20020415 ACCESSION NUMBER: 0000004904-02-000043 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL & SOUTH WEST CORP CENTRAL INDEX KEY: 0000018540 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 510007707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-09073 FILM NUMBER: 02564243 BUSINESS ADDRESS: STREET 1: 1616 WOODALL RODGERS FRWY CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2147771000 35-CERT 1 q401709073.txt RULE 24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Public Utility Holding Company Act of 1935 File No. 70-9073 Report For Period: October 1, 2001 to December 31, 2001 In the Matter of: CENTRAL AND SOUTH WEST CORPORATION AND CENTRAL POWER AND LIGHT COMPANY, 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), a subsidiary of Central and South West Corporation (CSW), pursuant to an order issued by the Securities and Exchange Commission dated October 21, 1998 (HCAR 35-26931). The Better Choice Home Mortgage Program ("Better Choices Program") is a mortgage incentive program designed to promote efficient energy use and environmental conservation. The matter requires that CPL file quarterly reports providing the following information with respect to the Better Choices Program provided to nonaffiliates by CPL, Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCO) and West Texas Utilities Company (WTU), (collectively, "Operating Companies")and American Electric Power Service Corporation, (AEPSC): 1) a balance sheet as of the relevant quarterly reporting date, 2) income statement for the preceding twelve months, and 3) the name of each Company providing the marketing services authorized by this order, the total number of Home Certifications made during the relevant period. This report covers the period from October 1, 2001 through December 31, 2001. The requested information for the reporting period October 1, 2001 through December 31, 2001, is as follows: 1) Copies of the Operating Companies and AEPSC balance sheet for the reporting period ended December 31, 2001 are attached as Exhibit 1. 2) Copies of the Operating Companies and AEPSC income statement for the twelve months ended December 31, 2001 are attached as Exhibit 2. 3) A) The name(s) of each company providing the marketing services authorized by this order during the period ended December 31, 2001 are: NONE B) The total number of Home Certifications made during the period ended December 31, 2001 are: NONE 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, Central Power and Light Company has duly caused this report to be signed on its behalf on this 28th day of February 2002. Central Power and Light Company, et al. /s/ Armando Pena --------------------- Armando Pena Treasurer INDEX TO EXHIBITS Exhibit Number Exhibit 1 Balance sheet for the reporting period ended December 31, 2001, as required for: a) Central Power and Light (CPL) b) Public Service Company of Oklahoma (PSO) c) Southwestern Electric Power Company (SWEPCO) d) West Texas Utilities Company (WTU) e) American Electric Power Service Corporation (AEPSC) 2 Income statement for the twelve months ended December 31, 2001, as required for: a) Central Power and Light (CPL) b) Public Service Company of Oklahoma (PSO) c) Southwestern Electric Power Company (SWEPCO) d) West Texas Utilities Company (WTU) e) American Electric Power Service Corporation (AEPSC)
Central Power and Light Company Exhibit 1 (a) Consolidated Balance Sheet Page 1 of 2 As of December 31, 2001 (Thousands, Unaudited) ASSETS Electric Utility Plant Production $3,169,421 Transmission 663,655 Distribution 1,279,037 General 241,137 Construction work in progress 169,075 Nuclear fuel 247,382 ------------------------- 5,769,707 Less - accumulated depreciation 2,446,027 ------------------------- 3,323,680 Other Property and Investments 47,949 ------------------------- Long-Term Energy Trading Contracts 90,461 ------------------------- Current Assets Cash and cash equivalents 11,208 Accounts receivable: General 38,273 Affiliated Companies 6,249 Allowance for Uncollectible Accounts - Fuel inventory, at LIFO costs 38,690 Materials and supplies, at average cost 55,475 Under-recovered fuel costs - Energy Trading Contracts 212,979 Prepayments and other 2,443 ------------------------- 365,317 Regulatory Assets 232,820 ------------------------- Regulatory Assets Designated for Securitization 953,280 ------------------------- Nuclear Decommissioning Trust Fund 98,600 ------------------------- Deferred Charges 21,837 ------------------------- $5,133,944 =========================
Central Power and Light Company Exhibit 1 (a) Consolidated Balance Sheet Page 2 of 2 - ----------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 -------------------------- (Thousands, Unaudited) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $25 par value Authorized shares: 12,000,000 Issued and outstanding shares: 6,755,535 $168,888 Paid-in capital 405,000 Retained earnings 826,197 -------------------------- Total Common Stock Equity 1,400,085 Preferred stock 5,967 CPL-obligated,Mandatorily Redeemable Preferred securities of Subsidiary Trust Holding Solely Junior Subordinated Debentures of CPL 136,250 Long-term debt 988,768 -------------------------- Total Capitalization 2,531,070 -------------------------- -------------------------- Current Liabilities Long-term debt due within One Year 265,000 Advances from affiliates 354,277 Accounts payable - General 65,307 Accounts payable - Affiliated Companies 49,301 Over-Recovered Fuel 57,762 Taxes accrued 83,512 Interest accrued 18,524 Energy Trading Contracts 219,486 Other 49,512 -------------------------- 1,162,681 -------------------------- Deferred Income Taxes 1,163,795 -------------------------- Deferred Investment Tax Credits 122,892 -------------------------- Long-Term Energy Trading Contracts 80,097 -------------------------- Deferred Credits 73,409 -------------------------- Commitments and Contingencies (Note 8) $5,133,944 ==========================
Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet Page 1 of 2 - -------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------- (Thousands, Unaudited) ASSETS Electric Utility Plant Production $1,034,711 Transmission 427,110 Distribution 972,806 General 203,572 Construction work in progress 56,900 ------------------------- 2,695,099 Less - Accumulated depreciation 1,184,443 ------------------------- 1,510,656 Other Property and Investments 41,020 ------------------------- Long-Term Energy Trading Contracts 55,215 ------------------------- Current Assets Cash and Cash Equivalents 6,042 Accounts receivable: Customers 31,100 Affiliated Companies 10,905 Fuel inventory, at LIFO costs 21,559 Materials and supplies, at average cost 36,785 Under-recovered Fuel Costs - Energy Trading Contracts 162,200 Prepayments and other 2,121 ----------------- 270,712 ----------------- Regulatory Assets 35,004 ----------------- Deferred Charges 5,290 ----------------- $1,917,897 =================
Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet Page 2 of 2 - --------------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------- (Thousands, Unaudited) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $15 par value Authorized shares: 11,000,000 shares Issued 10,482,000 shares and outstanding 9,013,000 shares $157,230 Paid-in capital 180,000 Retained earnings 142,994 ------------------------- Total Common Stock Equity 480,224 Cumulative Preferred Stock Not Subject 5,283 To Mandatory Redeemption PSO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of PSO 75,000 Long-term debt 345,129 ------------------------- Total Capitalization 905,636 ------------------------- ------------------------- Current Liabilities Long-term debt due within One Year 106,000 Advances from affiliates 123,087 Accounts payable - General 72,759 Accounts payable - Affiliated Companies 40,857 Customer deposits 21,041 Over Recovered Fuel Costs 8,720 Taxes accrued 18,150 Interest accrued 7,298 Energy Trading Contracts 167,658 Other 12,296 ------------------------- 577,866 ------------------------- Deferred Income Taxes 296,877 ------------------------- Deferred Investment Tax Credits 33,992 ------------------------- Regulatory Liabilities and Deferred Credits 56,203 ------------------------- Long-Term Energy Trading Contracts 47,323 ------------------------- $1,917,897 =========================
Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet Page 1 of 2 - -------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------- (Thousands, Unaudited) ASSETS Electric Utility Plant Production $1,429,356 Transmission 538,749 Distribution 1,042,523 General 376,016 Construction work in progress 74,120 ------------------------- 3,460,764 Less - Accumulated depreciation 1,550,618 ------------------------- 1,910,146 Other Property and Investments 43,000 ------------------------- Long-Term Energy Trading Contracts 63,372 ------------------------- Current Assets Cash and Cash Equivalents 5,714 Accounts receivable Customers 42,326 Affiliated Companies 20,573 Allowance for Uncollectibe Accounts (89) Fuel inventory, at average costs 52,212 Materials and supplies, at average cost 32,527 Under-recovered Fuel Costs 2,501 Energy Trading Contracts 186,159 Prepayments 18,417 ------------------------- 360,340 Regulatory Assets 51,989 ------------------------- Deferred Charges 67,753 ------------------------- $2,496,600 =========================
Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet Page 2 of 2 - ---------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 -------------------------- (Thousands, Unaudited) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $18 par value Authorized: 7,600,000 shares Issued and outstanding: 7,536,640 shares $ 135,660 Paid-in capital 245,000 Retained earnings 308,915 -------------------------- Total Common Stock Equity 689,575 Preferred stock 4,704 SWEPCO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of SWEPCO 110,000 Long-term debt 494,688 -------------------------- Total Capitalization 1,298,967 -------------------------- Other Noncurrent Liabilities 34,997 -------------------------- Current Liabilities Long-term debt due within One Year 150,595 Advances from affiliates 123,609 Accounts payable - General 71,810 Accounts payable - Affiliated Companies 37,469 Customer deposits 19,880 Taxes accrued 36,522 Interest accrued 13,631 Energy Trading Contracts 192,318 Other 26,166 -------------------------- 672,000 -------------------------- Deferred Income Taxes 369,781 -------------------------- Deferred Investment Tax Credits 48,714 -------------------------- Regulatory Liabilities and Deferred Credits 17,828 -------------------------- Long-Term Energy Trading Contracts 54,313 -------------------------- $2,496,600 ==========================
West Texas Utilities Company Exhibit 1 (d) Balance Sheet Page 1 of 2 - -------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------- (Thousands, Unaudited) ASSETS Electric Utility Plant Production $443,508 Transmission 250,023 Distribution 431,969 General 112,797 Construction work in progress 22,575 ------------------------- 1,260,872 Less - Accumulated depreciation 546,162 ------------------------- 714,710 Other Property and Investments 24,933 ------------------------- Long-Term Energy Trading Contracts 21,532 ------------------------- Current Assets Cash and Cash Equivalents 2,553 Accounts Receivable: Customers 18,720 Affiliated Companies 8,656 Allowance for Uncollectible Accounts (196) Fuel inventory, at average costs 8,307 Materials and Supplies, at average costs 11,190 Under-recovered fuel costs 32,791 Energy Trading Contracts 63,252 Prepayments and other 867 ------------------------- 146,140 ------------------------- Regulatory Assets 13,659 ------------------------- Deferred Charges 2,446 ------------------------- $923,420 =========================
West Texas Utilities Company Exhibit 1 (d) Balance Sheet Page 2 of 2 - -------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------- (Thousands, Unaudited) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $25 par value Authorized: 7,800,000 shares Issued and outstanding: 5,488,560 shares $137,214 Paid-in capital 2,236 Retained earnings 105,970 ------------------------- Total Common Stock Equity 245,420 Cumulative preferred stock: 2,482 Not Subject to Mandatory Redemption Long-term debt 220,967 ------------------------- Total Capitalization 468,869 ------------------------- ------------------------- Current Liabilities Long-Term Debt Due Within One Year 35,000 Advances from affiliates 50,448 Accounts payable - General 33,782 Accounts payable - Affiliated Companies 11,388 Customer Deposits 4,191 Taxes accrued 17,358 Interest accrued 1,244 Energy Trading Contracts 65,414 Other 12,001 ------------------------- 230,826 ------------------------- Deferred Income Taxes 145,049 ------------------------- Deferred Investment Tax Credits 22,781 ------------------------- Long-Term Energy Trading Contracts 18,455 ------------------------- Regulatory Liabilities and Deferred Credits 37,440 ------------------------- ------------------------- Commitments and Contingencies (Note 8) $923,420 =========================
American Electric Power Service Corp. Exhibit 1 (e) Balance Sheet Page 1 of 1 - ---------------------------------------------------------------------------------------------------------------------- As of December 31, 2001 ------------------------------------- (Thousands, Unaudited) ASSETS Property, Plant and Equipment General $488,456 Less - accumulated depreciation 185,528 ------------------------------------- 302,928 ------------------------------------- Investments 102,663 ------------------------------------- Current Assets Cash 2,715 Advances to Affiliates 22,382 Accounts receivable: General 12,026 Affiliated Companies 194,052 Prepayments 3,562 ------------------------------------- 234,737 ------------------------------------- Deferred Income Taxes 98,898 ------------------------------------- Regulatory Assets 3,277 ------------------------------------- Deferred Charges 3,188 ------------------------------------- $745,691 ------------------------------------- CAPITALIZATION AND LIABILITIES Capitalization Common stock: $100 par value Authorized shares: 20,000 shares Issued and outstanding shares: 13,500 shares $1,350 Paid-in capital 100 Accumulated Other Comprehensive Income (Loss): Minimum Pension Liability (10,023) ------------------------------------- ------------------------------------- Total Common Stock Equity (8,573) ------------------------------------- Long-Term Debt (less current maturities) 55,100 ------------------------------------- Other Noncurrent Liabilities Obligations Under Capital Leases 32,212 Accrued Pension 16,630 Incentive Compensation Plans 19,921 Other 28,374 ------------------------------------- Total Other Noncurrent Liabilities 97,137 ===================================== Current Liabilities Long-term Debt 2,000 Advances from affiliates - Incentive Compensation Plans 176,131 Obligations Under Capital Leases 22,326 Accounts Payable - Affiliated Companies 85,995 Accounts Payable - Other 31,320 Accrued taxes 22,485 Accrued vacation pay 40,348 Accrued payroll 136,952 Other 61,768 ------------------------------------- 579,325 ------------------------------------- Deferred Income Tax Credits 851 ------------------------------------- Deferred Amounts Due to Affiliates for Income Tax Benefits 12,756 ------------------------------------- Deferred Credits 9,095 ------------------------------------- $745,691 =====================================
Central Power and Light Company Exhibit 2 (a) Consolidated Statement of Income Page 1 of 1 - -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended December 31, 2001 --------------------------- (Thousands, Unaudited) Electric Operating Revenues $3,321,727 --------------------------- Operating Expenses and Taxes Fuel 492,057 Purchased Power 1,769,347 Other Operating 321,227 Maintenance 71,212 Depreciation and Amortization 168,341 Taxes Other Than Income Taxes 90,916 Income Taxes 112,896 --------------------------- 3,025,996 --------------------------- Operating Income 295,731 --------------------------- Nonoperating Income (Loss) 6,675 --------------------------- Income Before Interest Charges 302,406 --------------------------- Interest Charges 116,268 --------------------------- Income Before Extraordinary Item 186,138 Extraordinary loss on Reacquired Debt (Inclusive of Tax of $2,509,000 for 2001) 3,860 Net Income 182,278 Less: Preferred stock dividends 242 (Loss) on reacquired preferred stock - --------------------------- Net Income for Common Stock $182,036 ===========================
Public Service Company of Oklahoma Exhibit 2 (b) Consolidated Statement of Income Page 1 of 1 - -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended December 31, 2001 --------------------------- (Thousands, Unaudited) Electric Operating Revenues $2,201,249 --------------------------- Operating Expenses and Taxes Fuel 461,470 Purchased Power 1,309,945 Other Operating 139,927 Maintenance 46,188 Depreciation and Amortization 80,245 Taxes Other Than Income Taxes 31,973 Income Taxes 34,513 --------------------------- 2,104,261 --------------------------- Operating Income 96,988 --------------------------- Nonoperating Income (Loss) 20 --------------------------- Income Before Interest Charges 97,008 --------------------------- Interest Charges 39,249 --------------------------- Net Income 57,759 Less: Preferred stock dividends 213 --------------------------- Net Income for Common Stock $57,546 ===========================
Southwestern Electric Power Company Exhibit 2 (c) Consolidated Statement of Income Page 1 of 1 - -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended December 31, 2001 --------------------------- (Thousands, Unaudited) Electric Operating Revenues $2,574,448 --------------------------- Operating Expenses and Taxes Fuel 457,613 Purchased Power 1,504,627 Other Operating 173,831 Maintenance 74,677 Depreciation and Amortization 119,543 Taxes Other Than Income Taxes 55,834 Income Taxes 42,116 --------------------------- 2,428,241 --------------------------- Operating Income 146,207 --------------------------- Nonoperating Income (Loss) 741 --------------------------- Income Before Interest Charges 146,948 --------------------------- Interest Charges 57,581 Net Income 89,367 Less: Preferred stock dividends 229 --------------------------- Net Income for Common Stock $89,138 ===========================
West Texas Utilities Company Exhibit 2 (d) Statement of Income Page 1 of 1 - -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended December 31, 2001 --------------------------- (Thousands, Unaudited) Electric Operating Revenues $1,064,271 --------------------------- Operating Expenses and Taxes Fuel 177,140 Purchased Power 634,849 Other Operating 111,263 Maintenance 22,343 Depreciation and Amortization 50,705 Taxes Other Than Income Taxes 28,319 Income Taxes 6,262 --------------------------- 1,030,881 --------------------------- Operating Income 33,390 --------------------------- Nonoperating Income (Loss) 2,195 --------------------------- Income Before Interest Charges 35,585 --------------------------- Interest Charges 23,275 --------------------------- Net Income 12,310 Less: Preferred stock dividends 104 --------------------------- Net Income for Common Stock $12,206 ===========================
American Electric Power Service Corp. Exhibit 2 (e) Statement of Income Page 1 of 1 - -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended December 31, 2001 --------------------------- (Thousands, Unaudited) Operating Revenues: Affiliated Companies $1,093,058 Nonaffiliated Companies 12,076 --------------------------- Total Revenues 1,105,134 =========================== Operating Expenses and Taxes Operation and Maintenance 1,017,531 Taxes other than federal income taxes 42,909 Depreciation and amortization 13,598 --------------------------- Total Expenses 1,074,038 Operating Income 31,096 Other Income and (Deductions) (11,975) --------------------------- Income Before Interest Charges and Federal Income Taxes 19,121 Interest Charges 5,753 --------------------------- Income Before Federal Income Taxes 13,368 Federal Income Tax 13,368 --------------------------- Net Income for Common Stock $ -- American Electric Power Service Corp. Statement of Comprehensive Income Net Income $ -- Other Comprehensive Income (Loss): Minimum Pension Liability (5,818) --------------------------- --------------------------- Comprehensive Income (Loss) $(5,818) ===========================
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