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:    October 8, 1999
Date of  report:                    October 18, 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






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 pursuant to which
                           CSW would become a wholly-owned subsidiary of AEP
CSW........................Central and South West Corporation, Dallas, Texas
CSW Energy.................CSW Energy, Inc., Dallas Texas
GE Capital.................GE Capital Structured Finance Group, a division of GE
                           Capital


















FORWARD-LOOKING INFORMATION
This report made by CSW contains  forward-looking  statements within the meaning
of Section 21E of the Exchange Act.  Although CSW believes that its 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,  the inability to consummate the AEP Merger,  or other
   merger and acquisition activity,
- -  the impact of deregulation on the United States  electric  utility  business,
   especially in the States comprising the CSW System's service territory,
- -  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, and
- -  changing fuel prices, generating plant and distribution facility performance.







ITEM 5.  OTHER EVENTS
A news release  concerning a joint  announcement by CSW Energy and GE Capital of
sale of a 50% interest in CSW Energy's Sweeny electric  generating plant located
in Texas is included as Exhibit 99.1 and incorporated by reference.  CSW expects
to realize  after-tax  earnings  from the sale of  approximately  $33 million or
$0.16 per share which will be recorded in the fourth quarter of 1999.




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c)  Exhibits.

     Exhibit 99.1  CSW News Release dated October 14, 1999 related to the sale
                   of 50% of CSW Energy's interest in the Sweeny electric
                   generating plant.






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:  October 18, 1999

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

EX-99.1

                                                                    Exhibit 99.1

             Central and South West Corporation Subsidiary, CSW Energy, Inc.
                 and GE Capital Announce Cogeneration Project Partnership


      DALLAS,  Oct. 14. -- CSW Energy,  Inc. (CSWE), a subsidiary of Central and
South West  Corporation  (CSW) (NYSE:  CSR), and GE Capital  Structured  Finance
Group (SFG), a division of GE Capital, announced SFG's purchase of 50 percent of
the 100 percent  equity  ownership of Sweeny  Cogeneration  Limited  Partnership
(SCLP).

      The sales  agreement  was  executed  on October 8, 1999.  CSW's  after-tax
earnings from the proceeds of the transaction will be approximately  $33 million
or $0.16 per share and recorded in the fourth quarter of 1999. The agreement has
provisions for additional  payments subject to completion of a planned expansion
of SCLP's Sweeny Cogeneration facility near Sweeny, TX.

      CSWE  completed  construction  and commenced  commercial  operation of the
Sweeny  Cogeneration  Project in early  1998.  This  project  is a  358-megawatt
facility  located  adjacent  to the  Phillips  Petroleum  Company  refinery  and
petrochemical  complex.  The Phillips complex  purchases its steam  requirements
from  the  cogeneration  plant  and  approximately  one-third  of the  project's
electric capacity. The remainder of the electricity is sold on the open market.

      "CSW Energy welcomes this partnership with GE Capital," said Terry Dennis,
CSWE president and chief executive officer.  "This transaction  further supports
CSWE's approach of developing,  constructing  and financing  projects to enhance
the strategic value of its assets to CSW."

      "We are delighted to advance our merchant power  investment  strategy with
such a strong partner as CSWE," said Alex Urquhart,  managing  director and head
of SFG's Global Energy group."

      CSW Energy and its international affiliate,  CSW International,  both with
headquarters in Dallas,  develop,  acquire,  construct,  own, operate and market
power from power production and distribution facilities in the United States and
worldwide. CSW Energy focuses on the domestic independent power market while CSW
International  concentrates on the foreign power market.  CSW  International has
principal offices in Crawley, West Sussex, United Kingdom;  Mexico City; and Sao
Paulo,  Brazil.  CSW Energy and CSW  International  have  operating  projects in
Colorado,  Florida and Texas in the U.S., and in Mexico and the United  Kingdom,
with a gross  generating  capability  of 2,279  megawatts and a net ownership of
1,263 megawatts.  CSWI has an equity  investment in Empresa de Eletricidade Vale
Paranapanema  S.A., a private Brazilian  electric  distribution  company serving
over 2 million customers.

      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;
SEEBOARD, a regional electricity company in the United Kingdom serving 2 million
customers;  other international  energy operations and non-utility  subsidiaries
involved in energy-related  investments,  telecommunications,  energy efficiency
and  financial  transactions.  On  December  22,  1997,  Central  and South West
announced  a  definitive  merger  agreement  for  a  tax-free,   stock-for-stock
transaction with American Electric Power Company, Inc.

      GE  Capital  Structured  Finance  Group is an  investor  and  provider  of
innovative financial solutions for clients in the global energy,  commercial and
industrial,  communications, and transportation sectors. In the past five years,
the company has structured and financed more than 200 transactions worth over US
$8 billion and has US $11 billion in assets.  The Structured Finance Group draws
on the strength of GE Capital, a global,  diversified financial services company
with assets of over US $300 billion, and General Electric Company, a diversified
manufacturing,  technology and services  company with operations  worldwide.  GE
Capital Structured Finance Group's Internet address is www.sfg.ge.com.


                                           ####

Media Contacts:
Norma Kyle for CSW Energy, Inc., 214-777-3960
Ken Koprowski for GE Capital, 203-961-5743

Financial  Community Contact:  Becky Hall,  director of investor relations for
Central and South West Corporation, 214-777-1277