-----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, Vf0LWkCMFlaP4k641g0PmesCof/OMxDXsSdr0Ek4vajCpm2MW0ON2Bk/uUZXpTge ziMYnj8VCIFZVPvdY7M1JA== 0000018540-99-000102.txt : 19991122 0000018540-99-000102.hdr.sgml : 19991122 ACCESSION NUMBER: 0000018540-99-000102 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19991119 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: SEC FILE NUMBER: 070-09073 FILM NUMBER: 99760754 BUSINESS ADDRESS: STREET 1: 1616 WOODALL RODGERS FRWY CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2147771000 35-CERT 1 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: July 1, 1999 to September 30, 1999 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 Central and South West Services, Inc. (Services): 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 July 1, 1999 through September 30, 1999. The requested information for the reporting period July 1, 1999 through September 30, 1999, The requested information for the reporting period July 1, 1999 through September 30, 1999, is as follows: 1) Copies of the Operating Companies and Services balance sheet for the reporting period ended September 30,1999 are attached as Exhibit 1. 2) Copies of the Operating Companies and Services income statement for the twelve months ended September 30, 1999 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 September 30, 1999 are: NONE. B) The total number of Home Certifications made during the period ended September 30, 1999 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 19th day of November 1999. Central Power and Light Company, et al. /s/ R. Russell Davis --------------------- R. Russell Davis Controller and Chief Accounting Officer INDEX TO EXHIBITS Exhibit Number Exhibit 1 Balance sheet for the reporting period ended September 30, 1999, 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) Central and South West Services, Inc. (Services) 2 Income statement for the twelve months ended September 30, 1999, 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) Central and South West Services, Inc. (Services) EX-99 2 EXHIBIT 1 Central Power and Light Company Exhibit 1 (a) Consolidated Balance Sheet (unaudited) Page 1 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) ASSETS Electric Utility Plant Production $ 3,150,632 Transmission 547,040 Distribution 1,133,759 General 298,247 Construction work in progress 100,626 Nuclear fuel 218,571 ----------------- 5,448,875 Less - Accumulated depreciation 2,230,908 ----------------- 3,217,967 ----------------- Current Assets Cash 12,460 Accounts receivable 60,619 Materials and supplies, at average cost 57,937 Fuel inventory, at LIFO costs 23,383 Under-recovered fuel costs 22,676 Prepayments and other 10,269 ----------------- 187,344 ----------------- Deferred Charges and Other Assets Regulatory assets 1,184,066 Nuclear decommissioning trust 76,948 Other 107,331 ----------------- 1,368,345 ----------------- $ 4,773,656 ================= Central Power and Light Company Exhibit 1 (a) Consolidated Balance Sheet (unaudited) Page 2 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) 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 795,651 ----------------- Total Common Stock Equity 1,369,539 ----------------- Preferred stock 163,203 CPL-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of CPL 150,000 Long-term debt 1,101,136 ----------------- Total Capitalization 2,783,878 ----------------- Current Liabilities Long-term debt due within twelve months 125,000 Advances from affiliates 251,692 Payables to affiliates 19,027 Accounts payable 98,555 Customer Deposits 11,621 Accrued interest 27,255 Accrued taxes 74,789 Accumulated deferred income taxes 3,973 Other 11,721 ----------------- 623,633 ----------------- Deferred Credits Accumulated deferred income taxes 1,220,732 Investment tax credits 134,608 Other 10,805 ----------------- 1,366,145 ----------------- $ 4,773,656 ================= Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet (unaudited) Page 1 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) ASSETS Electric Utility Plant Production $ 914,073 Transmission 390,500 Distribution 877,664 General 214,645 Construction work in progress 39,295 ----------------- 2,436,177 Less - Accumulated depreciation 1,104,846 ----------------- 1,331,331 ----------------- Current Assets Cash 3,792 Accounts receivable 24,840 Materials and supplies, at average cost 33,426 Fuel inventory, at LIFO cost 17,631 Under-recovered fuel costs 9,555 Accumulated deferred income taxes 22,003 Prepayments and other 6,783 ----------------- 118,030 ----------------- Deferred Charges and Other Assets 82,117 ----------------- $ 1,531,478 ================= Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet (unaudited) Page 2 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) 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 166,922 ----------------- Total Common Stock Equity 504,152 ----------------- Preferred stock 5,286 PSO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of PSO 75,000 Long-term debt 374,440 ----------------- Total Capitalization 958,878 ----------------- Current Liabilities Long-term debt due within twelve months 10,000 Advances from affiliates 20,392 Payables to affiliates 23,201 Accounts payable 46,444 Customer deposits 17,671 Accrued interest 10,184 Accrued taxes 38,858 Other 9,376 ----------------- 176,126 ----------------- Deferred Credits Accumulated deferred income taxes 304,273 Investment tax credits 38,022 Income tax related regulatory liabilities, net 31,438 Other 22,741 ----------------- 396,474 ----------------- $ 1,531,478 ================= Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet (unaudited) Page 1 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) ASSETS Electric Utility Plant Production $ 1,393,236 Transmission 480,520 Distribution 945,639 General 329,626 Construction work in progress 55,101 ----------------- 3,204,122 Less - Accumulated depreciation 1,368,345 ----------------- 1,835,777 ----------------- Current Assets Cash 3,032 Accounts receivable 56,478 Accounts receivable from affiliates 18,258 Materials and supplies, at average cost 26,211 Fuel inventory, at average cost 55,566 Accumulated deferred income taxes 2,548 Prepayments and other 18,264 ----------------- 180,357 ----------------- Deferred Charges and Other Assets 94,964 ----------------- $ 2,111,098 ================= Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet (unaudited) Page 2 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) 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 295,846 ----------------- Total Common Stock Equity 676,506 ----------------- Preferred stock 4,706 SWEPCO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of SWEPCO 110,000 Long-term debt 496,114 ----------------- Total Capitalization 1,287,326 ----------------- Current Liabilities Long-term debt due within twelve months 47,807 Advances from affiliates 88,075 Payables to affiliates 40,643 Accounts payable 64,820 Customer deposits 13,860 Accrued interest 12,816 Accrued taxes 58,600 Over-recovered fuel costs 5,155 Other 14,716 ----------------- 346,492 ----------------- Deferred Credits Accumulated deferred income taxes 381,765 Investment tax credits 58,790 Other 36,725 ----------------- 477,280 ----------------- $ 2,111,098 ================= West Texas Utilities Company Exhibit 1 (d) Balance Sheet (unaudited) Page 1 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) ASSETS Electric Utility Plant Production $ 425,231 Transmission 217,614 Distribution 396,938 General 112,851 Construction work in progress 19,243 ----------------- 1,171,877 Less - Accumulated depreciation 489,856 ----------------- 682,021 ----------------- Current Assets Cash 5,217 Advances to affiliates 12,751 Accounts receivable 27,075 Accounts receivable from affiliates 3,855 Materials and supplies, at average cost 13,564 Fuel inventory, at LIFO cost 15,191 Under-recovered fuel costs 13,032 Prepayments and other 10,664 ----------------- 101,349 ----------------- Deferred Charges and Other Assets Deferred Oklaunion costs 9,285 Other 66,851 ----------------- 76,136 ----------------- $ 859,506 ================= West Texas Utilities Company Exhibit 1 (d) Balance Sheet (unaudited) Page 2 of 2 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) 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 123,769 ----------------- Total Common Stock Equity 263,219 ----------------- Preferred stock 2,482 Long-term debt 263,644 ----------------- Total Capitalization 529,345 ----------------- Current Liabilities Long-term debt due within twelve months 40,000 Payables to affiliates 16,584 Accounts payable 44,422 Customer deposits 2,327 Accrued interest 7,955 Accrued taxes 17,446 Accumulated deferred income taxes 735 Other 12,323 ----------------- 141,792 ----------------- Deferred Credits Accumulated deferred income taxes 145,671 Investment tax credits 25,641 Income tax related regulatory liabilities, net 13,093 Other 3,964 ----------------- 188,369 ----------------- $ 859,506 ================= Central and South West Services Exhibit 1 (e) Balance Sheet (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- As of September 30, 1999 ----------------- (thousands) ASSETS Property, Plant and Equipment General $ 123,261 Less - Accumulated depreciation 44,218 ----------------- 79,043 ----------------- Current Assets Cash 1,397 Accounts receivable 26,921 Materials and supplies, at average cost 8 Prepayments 84 ----------------- 28,410 ----------------- Deferred Charges and Other Assets 24,594 ----------------- $ 132,047 ================= CAPITALIZATION AND LIABILITIES Capitalization Common stock: $10 par value Authorized: 10,000 shares Issued and outstanding: 10,000 shares $ 100 ----------------- Total Common Stock Equity 100 ----------------- Total Capitalization 100 ----------------- Current Liabilities Advance Money Pool Payable 89,380 Advances from affiliates 1,384 Accounts payable 15,027 Accrued interest 406 Accrued taxes 787 Other 3,909 ----------------- 110,893 ----------------- Deferred Credits Accumulated deferred income taxes 12,845 Other 8,209 ----------------- 21,054 ----------------- $ 132,047 ================= EX-99 3 EXHIBIT 2 Central Power and Light Company Exhibit 2 (a) Consolidated Statement of Income (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- Twelve Months Ended September 30, 1999 ----------------- (thousands) Electric Operating Revenues $ 1,475,325 ----------------- Operating Expenses and Taxes Fuel 395,871 Purchased power 64,953 Other operating 279,284 Maintenance 69,690 Depreciation and amortization 212,444 Taxes, other than income 76,402 Income taxes 92,672 ----------------- 1,191,316 ----------------- Operating Income 284,009 ----------------- Other Income and (Deductions) Allowance for equity funds used during construction (1) Other (2,822) Non-operating income taxes 5,296 ----------------- 2,473 ----------------- Income Before Interest Charges 286,482 ----------------- Interest Charges Interest on long-term debt 88,337 Distributions on Trust Preferred Securities 12,000 Interest on short-term debt and other 16,975 Allowance for borrowed funds used during construction (3,287) ----------------- 114,025 ----------------- Net Income 172,457 Less: Preferred stock dividends 7,499 ================= Net Income for Common Stock $ 164,958 ================= Public Service Company of Oklahoma Exhibit 2 (b) Consolidated Statement of Income (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- Twelve Months Ended September 30, 1999 ----------------- (thousands) Electric Operating Revenues $ 745,434 ----------------- Operating Expenses and Taxes Fuel 275,951 Purchased power 62,781 Other operating 121,998 Maintenance 43,777 Depreciation and amortization 73,870 Taxes, other than income 31,043 Income taxes 33,708 ----------------- 643,128 ----------------- Operating Income 102,306 ----------------- Other Income and (Deductions) Allowance for equity funds used during construction 547 Other (2,706) Non-operating income taxes 2,015 ----------------- (144) ----------------- Income Before Interest Charges 102,162 ----------------- Interest Charges Interest on long-term debt 26,643 Interest on short-term debt and other 4,107 Distributions on Trust Preferred Securities 6,549 Allowance for borrowed funds used during construction (1,298) ----------------- 36,001 ----------------- Net Income 66,161 Less: Preferred stock dividends 213 ----------------- Net Income for Common Stock $ 65,948 ================= Southwestern Electric Power Company Exhibit 2 (c) Consolidated Statement of Income (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- Twelve Months Ended September 30, 1999 ----------------- (thousands) Electric Operating Revenues $ 948,895 ----------------- Operating Expenses and Taxes Fuel 365,582 Purchased power 32,144 Other operating 144,664 Maintenance 65,309 Depreciation and amortization 101,164 Taxes, other than income 53,541 Income taxes 40,042 ----------------- 802,446 ----------------- Operating Income 146,449 ----------------- Other Income and (Deductions) Allowance for equity funds used during construction 449 Other (7,121) Non-operating income taxes 4,751 ----------------- (1,921) ----------------- Income Before Interest Charges 144,528 ----------------- Interest Charges Interest on long-term debt 39,008 Distributions on Trust Preferred Securities 8,662 Interest on short-term debt and other 10,313 Allowance for borrowed funds used during construction (1,539) ----------------- 56,444 ----------------- Extraordinary loss, net of tax benefit of $1,621 (3,011) Net Income 85,073 Less: Preferred stock dividends 229 (Loss) on reacquired preferred stock (1) ================= Net Income for Common Stock $ 84,843 ================= West Texas Utilities Company Exhibit 2 (d) Statement of Income (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- Twelve Months Ended September 30, 1999 ----------------- (thousands) Electric Operating Revenues $ 432,447 ----------------- Operating Expenses and Taxes Fuel 121,426 Purchased power 59,396 Other operating 92,252 Maintenance 19,594 Depreciation and amortization 43,200 Taxes, other than income 27,679 Income taxes 15,013 ----------------- 378,560 ----------------- Operating Income 53,887 ----------------- Other Income and (Deductions) Allowance for equity funds used during construction 491 Other 298 Non-operating income taxes 248 ----------------- 1,037 ----------------- Income Before Interest Charges 54,924 ----------------- Interest Charges Interest on long-term debt 20,352 Interest on short-term debt and other 4,733 Allowance for borrowed funds used during construction (665) ----------------- 24,420 ----------------- Extraordinary loss, net of tax benefit of $2,941 (5,461) Net Income 25,043 Less: Preferred stock dividends 104 ================= Net Income for Common Stock $ 24,939 ================= Central and South West Services Exhibit 2 (e) Statement of Income (unaudited) Page 1 of 1 - -------------------------------------------------------------------------------- Twelve Months Ended September 30, 1999 ----------------- (thousands) Operating Expenses and Taxes Fuel $ 4,271 Other operating 220,038 Maintenance 7,868 Depreciation and amortization 10,311 Taxes, other than income 9,913 Income taxes 2,836 ----------------- Operating (Loss) (255,237) Other Income and (Deductions) Services rendered to associates 260,097 ----------------- Income Before Interest Charges 4,860 Interest Charges Interest on long-term debt -- Interest on short-term debt and other 4,860 ----------------- 4,860 ----------------- Net Income for Common Stock $ -- ================= -----END PRIVACY-ENHANCED MESSAGE-----