UNITED STATES OF AMERICA

BEFORE THE SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

File No 070-9091

REPORT FOR PERIOD

April 1, 2005 to June 30, 2005

PURSUANT TO RULE 24

In the matter of:

CSW Energy, Inc.

CSW International, Inc.

Columbus, Ohio 43215

This report is filed under Rule 24 of the Public Utility Holding Company Act of 1935 by CSW Energy, Inc. (“CSW Energy”), and CSW International, Inc. (“CSW International”). The two companies are wholly owned subsidiaries of AEP Utilities, Inc.

Under HCAR 35-26887, CSW Energy and CSW International are authorized to enter into agreements to provide energy-related services to certain associate companies at fair market prices.

Attached is the information required pursuant to HCAR 35-26887.

(1) Consolidated Balance Sheets for CSW Energy and CSW International as of the relevant quarter end. Refer to Exhibits A and B, respectively.

(2) Consolidated Statements of Income for CSW Energy and CSW International for the twelve months ended as of the relevant quarter end. Refer to Exhibits C and D, respectively.

(3) Name, owner, and location of each qualifying facility, independent power facility and foreign utility company served by CSW Energy and CSW International or subsidiaries thereof as specified in HCAR 35-26887.   None.

(4) The amount of compensation received from each qualifying facility, independent power facility and foreign utility company.   None.

(5) Information on intercompany service transactions as specified in HCAR 35-26887 between CSW Energy, CSW International and their respective subsidiaries.   None.

Exhibit A   

CSW Energy, Inc.

Consolidated Balance Sheet

June 30, 2005

(Unaudited)

($000's)

Assets
Current Assets:
Cash and Cash Equivalents	$	7,143
Advances to Affiliates		7,787
Accounts Receivable		3,148
Income Tax Benefit		4,933
Prepaid Expenses and Other		3,523
Total Current Assets		26,534
Investments In and Advances to Energy Projects		36,778
Other Assets:
Construction in Progress and Project Development Costs		17
Property, Plant, and Equipment, net		118,853
Other		1,553
Total Other Assets		120,423
Total Assets	$	183,735
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts Payable	$	256
Accounts Payable - Affiliated		1,466
Long-term Debt Due Within One Year		8,106
Accrued Liabilities and Other		1,490
Total Current Liabilities		11,318
Long-term Debt		55,595
Deferred Income Taxes		54,828
Other		6,382
Total Liabilities		128,123
Shareholder's Equity (Deficit):
Common Stock		1
Additional Paid-in-Capital		72,233
Accumulated Deficit		(16,622	)
Total Shareholder's Equity		55,612
Total Liabilities and Shareholder's Equity	$	183,735

Exhibit B

CSW International, Inc.

Consolidated Balance Sheet 

June 30, 2005

(Unaudited)

($000's)

Assets
Current Assets:
Advances to Affiliates	$	6,212
Prepayments and Other		166
Total Current Assets		6,378
Deferred Income Tax Benefit		4,867
Total Assets	$	11,245
Liabilities and Capitalization
Current Liabilities:
Accounts Payable - Affiliated	$	128
Accrued Taxes Payable		16,365
Other		15,035
Total Current Liabilities		31,528
Capitalization:
Common Stock		1
Paid-in Capital		113,762
Accumulated Deficit		(134,046	)
Total Capitalization		(20,283	)
Total Liabilities and Capitalization	$	11,245

Exhibit C

CSW Energy, Inc.

Consolidated Statement of Income

For the Twelve Months Ended June 30, 2005

(Unaudited)

($000's)

	2005
OPERATING REVENUE:
Electric Revenues	$	13,167
Equity in Income from Energy Projects		4,878
Operating and Maintenance Contract Services		11,641
Other		(471	)
Total Operating Revenue		29,215
OPERATING EXPENSES:
Operating, Maintenance and Supplies		10,186
Depreciation and Amortization		7,674
Salaries, Wages and Benefits		4,037
General and Administrative Expenses		8,300
Total Operating Expenses		30,197
INCOME (LOSS) FROM OPERATIONS		(982
OTHER INCOME (EXPENSE):
Interest Income		8,732
Interest Expense		(5,049	)
Sale of Project Ownership Interest		104,623
Provision for Asset Impairment		(1,650	)
Other		3,002
Total Other Income (Expense)		109,658
INCOME (LOSS) BEFORE INCOME TAXES		108,676
INCOME TAX EXPENSE (BENEFIT)		34,286
INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS		74,390
DISCONTINUED OPERATIONS, NET OF TAX		-
NET INCOME (LOSS)	$	74,390

Exhibit D

CSW International, Inc.

Consolidated Statement of Income

For the Twelve Months Ended June 30, 2005

(Unaudited)

($000's)

	2005
Operating Revenues - Equity Earnings	$	-
Operating Expenses - General and Administrative		393
Operating Loss		(393	)
Other Income (Expense):
Interest Income		501
Interest Income-Affiliated		843
Interest Expense		(68	)
Interest Expense-Affiliated		(114	)
Gain from Sale of Vale		-
Gain from Sale of Socoast		47,595
Other		(3,043	)
Total Other Income		45,714
Income Before Income Taxes		45,321
Income Tax Expense (Benefit)		10,591
Net Income	$	34,730

S I G N A T U R E

As required by order of this Commission pursuant to the Public Utility Holding Company Act of 1935, CSW Energy and CSW International have duly caused this report to be signed on their behalf on this 24th day of August, 2005. 

/s/ Rebecca J. Buonavolonte

Rebecca J. Buonavolonte

Managing Director - Financial Reporting

AEP Service Corporation