UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549






Public Utility Holding Company Act of 1935
File No. 70-8677
Report For Period: October 1, 2000 to December 31, 2000



In the Matter of:

CENTRAL POWER AND LIGHT COMPANY
CENTRAL AND SOUTH WEST CORPORATION





      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). Under HCAR 35-26390 dated October 13, 1995, it is
required  that  CPL file  quarterly  reports  with  respect  to the  obligations
relative to pollution  control revenue bonds issued by Nueces County  Navigation
District #1 (Nueces) and/or Guadalupe-Blanco River Authority, Texas (Guadalupe).
The following  information is provided for the Nueces and/or Guadalupe pollution
control revenue bonds for each cap and collar position that has been open at any
time during the quarter:  1) the transaction date, 2) the type of transaction 3)
the notional  principal  amount,  4) a description  of the material terms of the
transaction,  including a) the maturity or termination  date of each transaction
and b) the cap strike rate or the ceiling and floor strike rate for a collar, 5)
the name of the counterparty 6) the market value of all open positions as of the
end of such  quarter,  and 7) any gains and  losses  realized  from  liquidation
during such quarter of any position.  This report  covers the period  October 1,
2000 through December 31, 2000.


      No cap or collar position has been open 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,  Central  Power and Light  Company has duly caused
this report to be signed on its behalf on this 12th day of February, 2001.

                                                               Central Power and
                                                                   Light Company

                                                                /s/ Armando Pena
                                                                    Armando Pena
                                                                       Treasurer