SWEPCo Railcar

UNITED STATES OF AMERICA

BEFORE THE SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

File No 70-5741

REPORT FOR PERIOD

April 1, 2005 to June 30, 2005

PURSUANT TO RULE 24

In the matter of:

SOUTHWESTERN ELECTRIC POWER COMPANY

Shreveport, Louisiana 71156

PUBLIC SERVICE COMPANY OF OKLAHOMA

Tulsa, Oklahoma 74102

AEP TEXAS CENTRAL COMPANY

Corpus Christi, Texas 78401

This report is filed by Southwestern Electric Power Company (SWEPCO) on behalf of itself, Public Service Company of Oklahoma (PSO) and AEP Texas Central Company (TCC) pursuant to Rule 24 promulgated under the Public Utility Holding Company Act of 1935 by the Securities and Exchange Commission pursuant to Sections 6(a), 7, 9(a) and 10 of said Act. SWEPCO’s, PSO’s and TCC’s Application-Declaration, as further amended by post-effective amendments, in this matter proposed the filing by SWEPCO of quarterly reports to the Commission, pursuant to Rule 24 of the Act, providing as to the activities during each quarter: (a) total number of rail cars serviced by month for each of SWEPCO, PSO and TCC; (b) the amount of expenditures by month for direct labor cost, direct material cost and indirect cost for each of SWEPCO, PSO and TCC; (c) computation by month of allocated cost to be shared by SWEPCO, PSO and TCC on the basis of the “Cost Ratio”, and (d) copies of the monthly reports furnished by SWEPCO to PSO and TCC detailing the work and charges associated with PSO and TCC rail cars assigned to the facility which were repaired during the previous month, within the context of the Rail Car Maintenance Facility Agreement between SWEPCO, PSO and TCC. This report covers the period April 1, 2005 through June 30, 2005.

2nd QUARTER 2005

SWEPCO RAIL CAR MAINTENANCE FACILITY

RULE 24 REPORT

A. NUMBER OF RAIL CARS SERVICED

	SWEPCO		PSO		TCC		TOTAL
April		126		133		-		259
May		63		38		-		101
June		54		156		-		230
TOTAL		243		327		-		590

B. AMOUNT OF EXPENDITURES DETAIL

	SWEPCO			PSO			TCC		TOTAL
DIRECT LABOR
April	$	16,763.97		$	7,072.95		$	-	$	23,836.92
May		6,001.31			22,612.34			-		28,613.65
June		11,862.75			16,791.75			-		28,654.50
TOTAL	$	34,628.03		$	46,477.04		$	-	$	81,105.07

DIRECT MATERIAL
April	$	45,872.85		$	69,492.03		$	-	$	115,364.88
May		67,565.83			88,964.03			-		156,529.86
June		66,530.78			148,386.79			-		214,917.57
TOTAL	$	179,969.46		$	306,842.85		$	-	$	486,812.31

OTHER DIRECT COSTS
April	$	46,752.18		$	35,419.98		$	-	$	82,172.16
May		100,218.87			16,262.71			-		116,481.58
June		29,297.35			17,276.97			-		46,574.32
TOTAL	$	176,268.40		$	68,959.66		$	-	$	245,228.06

INDIRECT COST SHARED ON COST RATIO (a)

April	$	(30,867.66	)	$	(13,022.09	)	$	-	$	(43,889.75	)
May		(755.01	)		(2,845.41	)		-		(3,600.42	)
June		13,069.26			18,499.01			-		31,568.27
TOTAL	$	(18,553.41	)	$	2,631.51		$	-	$	(15,921.90	)

TOTAL EXPENDITURES
April	$	78,521.34		$	98,962.87		$	-	$	177,484.21
May		173,031.00			124,993.67			-		298,024.67
June		120,760.14			200,954.52			-		321,714.66
TOTAL	$	372,312.48		$	424,911.06		$	-	$	797,223.54

(a) Periodically, adjustments to amounts previously billed are required. When those adjustments are identified and recorded

on a subsequent bill they may result in a net credit balance in an expenditure account for a particular month.

C. COMPUTATION OF COST RATIO

	SWEPCO			PSO			TCC			TOTAL
April 2005
DIRECT LABOR	$	16,763.97		$	7,072.95		$	-		$	23,836.92
COST RATIO		70.33	%		29.67	%		-	%		100.00	%

May 2005
DIRECT LABOR	$	6,001.31		$	22,612.34		$	-		$	28,613.65
COST RATIO		20.97	%		79.03	%		-	%		100.00	%

June 2005
DIRECT LABOR	$	11,862.75		$	16,791.75		$	-		$	28,654.50
COST RATIO		41.40	%		58.60	%		-	%		100.00	%

D. COPIES OF MONTHLY REPORTS

Copies of the monthly statements furnished by SWEPCO to PSO and TCC detailing charges associated with PSO and TCC rail cars are attached as Exhibits 1, 2 and 3.

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, Southwestern Electric Power Company has duly caused this report to be signed on its behalf on this the 11th day of August, 2005.

/s/ Rebecca J. Buonavolonte

Rebecca J. Buonavolonte

Managing Director - Financial Reporting

AEP Service Corporation

INDEX TO EXHIBITS

Exhibit Number	Exhibit	Transmission Method
1	April 2005 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

2	May 2005 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

3	June 2005 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

Exhibit 1

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

April 2005

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

126

PSO

133

TCC

OUTSIDE

396

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:

			SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	43,529.45
00805900 02	Stores Salvage - SWEPCO		-
00805900 03	Direct Labor to SWEPCO Coal Cars		7,114.17
PR 4101	Charges Other than Direct Labor		-
00805900 04	Direct Labor to Rework SWEPCO Material		3,820.92
4056352301	AEPX Direct Materials		2,343.40
4056352302	AEPX Direct Labor		5,828.88
PR4104	Charges Other than Direct Labor		-
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		-
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		-
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		-
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		-
PR4238	Depreciation Expense - SWEPCO		-
PR4263	Lease - Supplemental Expenses - SWEPCO		-
00805908 02	Outside Maintenance of SWEPCO Coal Cars		46,752.18
00805909 02	Switching Fees - SWEPCO		-
PR4277	Repainting Coal Cars - SWEPCO		-
	Total 100% SWEPCO Costs	$	109,389.00

COSTS ASSIGNED 100% TO PSO:

		PSO
00805901 01	Direct Material to PSO Coal Cars	$	60,943.37
PR4015	Inventory Carrying Charges - PSO		8,548.66
00805901 02	Stores Salvage - PSO		-
00805901 03	Direct Labor to PSO Coal Cars		7,054.99
PR4102	Charges Other than Direct Labor		-
00805901 04	Direct Labor to Rework PSO Material		17.96
PR4103	Charges Other than Direct Labor		-
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		-
PR4214	Employee Fringe Benefits - Direct Labor - PSO		-
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		-
PR4239	Depreciation Expense - PSO		-
00805908 03	Outside Maintenance of PSO Coal Cars		35,419.98
00805909 03	Switching Fees - PSO		-
PR4278	Repainting Coal Cars - PSO		-
	Total 100% PSO Costs	$	111,984.96

COSTS ASSIGNED 100% TO TCC:

		TCC
00805902 01	Direct Material to TCC Coal Cars	$	-
PR4014	Inventory Carrying Charges - TCC		-
00805902 02	Stores Salvage - TCC		-
00805902 03	Direct Labor to TCC Coal Cars		-
PR4105	Charges Other than Direct Labor		-
00805902 04	Direct Labor to Rework TCC Material		-
PR4106	Charges Other than Direct Labor		-
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		-
PR4217	Employee Fringe Benefits - Direct Labor - TCC		-
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		-
PR4240	Depreciation Expense - TCC		-
00805908 01	Outside Maintenance of TCC Coal Cars		-
00805909 01	Switching Fees - TCC		-
PR4279	Repainting Coal Cars - TCC		-
	Total 100% TCC Costs	$	-

COSTS TO BE SHARED (Ratio of Direct Labor)

		SHARED
00805904 01	Shop Material	$	6,855.81
00805904 02	Small Tools		30.75
00805904 03	Facility Maintenance - Material		1,544.50
00805903 01	3RD Party Direct Material		96,532.24
00805904 07	Switch Engine Operation and Maintenance		2,639.33
00805904 08	Equipment Operation and Maintenance		2,325.71
00805904 04	Sale of Scrap		-
00805905 01	Supervision		21,731.02
00805905 02	Clerical		13,219.46
00805905 03	Training and Safety		4,443.55
00805905 04	General Shop Labor		17,104.26
00805905 05	Facility Maintenance - Labor		17,294.02
00805905 06	Labor Switch Engine Operation and Maintenance		12,966.49
PR4201	Ad Valorem Taxes - Facility		-
PR4108	Labor - Other		-
00805906 04	Employee Activities		-
00805903 04	3RD Party Remfg Labor Cars		7,198.96
00805903 03	3RD Party Direct Labor Cars		98,733.55
	Data Processing Charges		-
	Insurance Facility		18,679.10
00805907 01	Misc.		6,298.56
PR4220	Injuries and Damages		-
PR4221	Insurance - Liability and Property		-
00805906 07	Maintenance of Facilities (Contracted)		1,688.00
00805906 08	Office Supplies and Expenses		724.55
00805906 01	Taxes		25,691.98
00805911 01	3RD Party Sales Expense		22,635.86
00805906 09	Utilities - Heat, Light, Power and Water		9,335.05
00805906 10	Utilities - Telephone		426.93
00805906 11	Vehicle Expense		40.15
PR4237	Depreciation Expense		-
00805906 05	Employee Travel Expenses		48.60
PR4262	Lease - Basic - All Except Coal Cars		-
PR4264	Lease - Supplemental Expenses - Facility		-
PR4004	Material Direct to Outside Coal Cars		-
00805903 05	3rd Party Revenue		(423,733.95)
00805903 02	Stores Salvage - Outside Cars		-
00805907 02	AEP East Cars		(27,131.96)
00805907 03	OVEX Cars		18,787.73
	Total Costs Shared on Cost Ratio	$	(43,889.75)
	{see computation below}

SWEPCO	70.33	%	$	(30,867.66	)

TCC	-	%	$	-

PSO	29.67	%	$	(13,022.09	)

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	-



TOTAL COSTS FOR THE MONTH

SWEPCO			$	78,521.34

TCC			$	-

PSO			$	98,962.87

C. COMPUTATION OF COST RATIO:

101, 104	Direct Labor SWEPCO	$	16,763.97	70.33	%	SWEPCO
105, 106	Direct Labor TCC		-	-	%	TCC
102, 103	Direct Labor PSO		7,072.95	29.67	%	PSO
	Total Direct Labor	$	23,836.92	100.00	%	TOTAL

Exhibit 2

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

May 2005

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

PSO

TCC

OUTSIDE

571

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:

		SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	67,565.83
00805900 02	Stores Salvage - SWEPCO		-
00805900 03	Direct Labor to SWEPCO Coal Cars		5,553.76
PR 4101	Charges Other than Direct Labor		-
00805900 04	Direct Labor to Rework SWEPCO Material		447.55
PR4104	Charges Other than Direct Labor		-
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		-
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		-
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		-
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		-
PR4238	Depreciation Expense - SWEPCO		-
PR4263	Lease - Supplemental Expenses - SWEPCO		-
00805908 02	Outside Maintenance of SWEPCO Coal Cars		88,581.48
00805909 02	Switching Fees - SWEPCO		11,637.39
PR4277	Repainting Coal Cars - SWEPCO		-
	Total 100% SWEPCO Costs	$	173,786.01

COSTS ASSIGNED 100% TO PSO:

		PSO
00805901 01	Direct Material to PSO Coal Cars	$	73,381.61
PR4015	Inventory Carrying Charges - PSO		8,628.80
00805901 02	Stores Salvage - PSO		-
00805901 03	Direct Labor to PSO Coal Cars		19,434.40
PR4102	Charges Other than Direct Labor		-
00805901 04	Direct Labor to Rework PSO Material		1,133.14
4056352301	Cook Labor for PSO AEPX cars		2,044.80
4056352302	Cook Material for PSO AEPSC cars		6,953.62
PR4103	Charges Other than Direct Labor		-
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		-
PR4214	Employee Fringe Benefits - Direct Labor - PSO		-
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		-
PR4239	Depreciation Expense - PSO		-
00805908 03	Outside Maintenance of PSO Coal Cars		6,467.41
00805909 03	Switching Fees - PSO		9,795.30
PR4278	Repainting Coal Cars - PSO		-
	Total 100% PSO Costs	$	127,839.08

COSTS ASSIGNED 100% TO TCC:

		TCC
00805902 01	Direct Material to TCC Coal Cars	$	-
PR4014	Inventory Carrying Charges - TCC		-
00805902 02	Stores Salvage - TCC		-
00805902 03	Direct Labor to TCC Coal Cars		-
PR4105	Charges Other than Direct Labor		-
00805902 04	Direct Labor to Rework TCC Material		-
PR4106	Charges Other than Direct Labor		-
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		-
PR4217	Employee Fringe Benefits - Direct Labor - TCC		-
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		-
PR4240	Depreciation Expense - TCC		-
00805908 01	Outside Maintenance of TCC Coal Cars		-
00805909 01	Switching Fees - TCC		-
PR4279	Repainting Coal Cars - TCC		-
	Total 100% TCC Costs	$	-

COSTS TO BE SHARED (Ratio of Direct Labor)

		SHARED
00805904 01	Shop Material	$	9,295.92
00805904 02	Small Tools		-
00805904 03	Facility Maintenance - Material		6,910.02
00805903 01	3RD Party Direct Material		248,235.27
00805904 07	Switch Engine Operation and Maintenance		1,485.02
00805904 08	Equipment Operation and Maintenance		8,118.66
00805904 04	Sale of Scrap		-
00805905 01	Supervision		13,133.74
00805905 02	Clerical		10,929.11
00805905 03	Training and Safety		4,831.05
00805905 04	General Shop Labor		10,502.69
00805905 05	Facility Maintenance - Labor		14,182.05
00805905 06	Labor Switch Engine Operation and Maintenance		10,064.17
PR4201	Ad Valorem Taxes - Facility		-
PR4108	Labor - Other		-
00805906 04	Employee Activities		-
00805903 04	3RD Party Remfg Labor Cars		5,793.81
00805903 03	3RD Party Direct Labor Cars		80,797.30
-	Data Processing Charges		-
-	Freight		24,982.92
00805907 01	Misc.		6,325.30
PR4220	Injuries and Damages		-
PR4221	Insurance - Liability and Property		-
00805906 07	Maintenance of Facilities (Contracted)		1,688.00
00805906 08	Office Supplies and Expenses		770.32
00805906 01	Taxes		-
00805911 01	3RD Party Sales Expense		14,634.83
00805906 09	Utilities - Heat, Light, Power and Water		7,815.08
00805906 10	Utilities - Telephone		434.29
00805906 11	Vehicle Expense		-
PR4237	Depreciation Expense		-
00805906 05	Employee Travel Expenses		1,451.62
PR4262	Lease - Basic - All Except Coal Cars		-
PR4264	Lease - Supplemental Expenses - Facility		-
PR4004	Material Direct to Outside Coal Cars		-
00805903 05	3rd Party Revenue		(451,948.60)
00805903 02	Stores Salvage - Outside Cars		-
00805907 02	AEP East Cars		(37,303.01)
00805907 03	OVEX Cars		3,270.02
	Total Costs Shared on Cost Ratio	$	(3,600.42)
	{see computation below} -

SWEPCO	20.97	%	$	(755.01	)

TCC	-	%	$	-

PSO	79.03	%	$	(2,845.41	)

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	-



TOTAL COSTS FOR THE MONTH

SWEPCO			$	173,031.00

TCC			$	-

PSO			$	124,993.67

C. COMPUTATION OF COST RATIO:

101, 104	Direct Labor SWEPCO	$	6,001.31	20.97	%	SWEPCO
105, 106	Direct Labor TCC		-	-	%	TCC
102, 103	Direct Labor PSO		22,612.34	79.03	%	PSO
	Total Direct Labor	$	28,613.65	100.00	%	TOTAL

Exhibit 3

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

June 2005

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

PSO

156

TCC

OUTSIDE

360

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:

		SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	66,530.78
00805900 02	Stores Salvage - SWEPCO		-
00805900 03	Direct Labor to SWEPCO Coal Cars		9,706.83
PR 4101	Charges Other than Direct Labor		-
00805900 04	Direct Labor to Rework SWEPCO Material		2,155.92
PR4104	Charges Other than Direct Labor		-
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		-
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		-
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		-
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		-
PR4238	Depreciation Expense - SWEPCO		-
PR4263	Lease - Supplemental Expenses - SWEPCO		-
00805908 02	Outside Maintenance of SWEPCO Coal Cars		-
00805909 02	Switching Fees - SWEPCO		16,786.87
PR4277	Repainting Coal Cars - SWEPCO		12,510.48
	Total 100% SWEPCO Costs	$	107,690.88

COSTS ASSIGNED 100% TO PSO:

		PSO
00805901 01	Direct Material to PSO Coal Cars	$	139,735.20
PR4015	Inventory Carrying Charges - PSO		8,651.59
00805901 02	Stores Salvage - PSO		-
00805901 03	Direct Labor to PSO Coal Cars		16,214.77
PR4102	Charges Other than Direct Labor		-
00805901 04	Direct Labor to Rework PSO Material		576.98
PR4103	Charges Other than Direct Labor		-
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		-
PR4214	Employee Fringe Benefits - Direct Labor - PSO		-
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		-
PR4239	Depreciation Expense - PSO		-
00805908 03	Outside Maintenance of PSO Coal Cars		13,086.66
00805909 03	Switching Fees - PSO		4,190.31
PR4278	Repainting Coal Cars - PSO		-
	Total 100% PSO Costs	$	182,455.51

COSTS ASSIGNED 100% TO TCC:

		TCC
00805902 01	Direct Material to TCC Coal Cars	$	-
PR4014	Inventory Carrying Charges - TCC		-
00805902 02	Stores Salvage - TCC		-
00805902 03	Direct Labor to TCC Coal Cars		-
PR4105	Charges Other than Direct Labor		-
00805902 04	Direct Labor to Rework TCC Material		-
PR4106	Charges Other than Direct Labor		-
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		-
PR4217	Employee Fringe Benefits - Direct Labor - TCC		-
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		-
PR4240	Depreciation Expense - TCC		-
00805908 01	Outside Maintenance of TCC Coal Cars		-
00805909 01	Switching Fees - TCC		-
PR4279	Repainting Coal Cars - TCC		-
	Total 100% TCC Costs	$	-

COSTS TO BE SHARED (Ratio of Direct Labor)

		SHARED
00805904 01	Shop Material	$	9,425.22
00805904 02	Small Tools		-
00805904 03	Facility Maintenance - Material		2,228.88
00805903 01	3RD Party Direct Material		126,186.01
00805904 07	Switch Engine Operation and Maintenance		1,619.10
00805904 08	Equipment Operation and Maintenance		2,167.10
00805904 04	Sale of Scrap		-
00805905 01	Supervision		14,621.58
00805905 02	Clerical		8,755.98
00805905 03	Training and Safety		3,562.90
00805905 04	General Shop Labor		14,403.07
00805905 05	Facility Maintenance - Labor		8,292.92
00805905 06	Labor Switch Engine Operation and Maintenance		7,914.32
PR4201	Ad Valorem Taxes - Facility		-
PR4108	Labor - Other		-
00805906 04	Employee Activities		-
00805903 04	3RD Party Remfg Labor Cars		5,608.57
00805903 03	3RD Party Direct Labor Cars		61,708.85
	Data Processing Charges		-
	Freight		10,911.34
00805907 01	Misc.		6,298.56
PR4220	Injuries and Damages		-
PR4221	Insurance - Liability and Property		-
00805906 07	Maintenance of Facilities (Contracted)		2,545.75
00805906 08	Office Supplies and Expenses		1,000.58
00805906 01	Taxes		-
00805911 01	3RD Party Sales Expense		14,480.70
00805906 09	Utilities - Heat, Light, Power and Water		5,634.22
00805906 10	Utilities - Telephone		428.46
00805906 11	Vehicle Expense		36.54
PR4237	Depreciation Expense		-
00805906 05	Employee Travel Expenses		49.62
PR4262	Lease - Basic - All Except Coal Cars		-
PR4264	Lease - Supplemental Expenses - Facility		-
PR4004	Material Direct to Outside Coal Cars		-
00805903 05	3rd Party Revenue		(375,153.36)
00805903 02	Stores Salvage - Outside Cars		-
00805907 02	AEP East Cars		21,112.45
00805907 03	OVEX Cars		77,728.91
	Total 100% Shared Costs	$	31,568.27
	{see computation below} -

SWEPCO	41.40	%	$	13,069.26

TCC	-	%	$	-

PSO	58.60	%	$	18,499.01

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	-



TOTAL COSTS FOR THE MONTH

SWEPCO			$	120,760.14

TCC			$	-

PSO			$	200,954.52

C. COMPUTATION OF COST RATIO:

101, 104	Direct Labor SWEPCO	$	11,862.75	41.40	%	SWEPCO
105, 106	Direct Labor TCC		-	-	%	TCC
102, 103	Direct Labor PSO		16,791.75	58.60	%	PSO
	Total Direct Labor	$	28,654.50	100.00	%	TOTAL