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File No. 70-8157
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 12 (POST-EFFECTIVE) TO
FORM U-1 APPLICATION-DECLARATION
UNDER THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
___________________________________
CENTRAL AND SOUTH WEST CORPORATION SOUTHWESTERN ELECTRIC POWER COMPANY
1616 Woodall Rodgers Freeway 428 Travis Street
Dallas, Texas 75202 Shreveport, Louisiana 71156-0001
CENTRAL POWER AND LIGHT COMPANY WEST TEXAS UTILITIES COMPANY
539 North Carancahua Street 301 Cypress Street
Corpus Christi, Texas 78401-2802 Abilene, Texas 79601-5820
PUBLIC SERVICE COMPANY OF OKLAHOMA TRANSOK, INC.
212 East Sixth Street 2 West Sixth Street
Tulsa, Oklahoma 74119-1212 Tulsa, Oklahoma 74119
CENTRAL AND SOUTH WEST SERVICES, INC.
1616 Woodall Rodgers Freeway
Dallas, Texas 75202
(Names of companies filing this statement and addresses
of principal executive offices)
__________________________________
CENTRAL AND SOUTH WEST CORPORATION
(Name of top registered holding company parent)
_________________________________
Stephen J. McDonnell, Treasurer
Central and South West Corporation
1616 Woodall Rodgers Freeway
Dallas, Texas 75202
Joris M. Hogan
Milbank, Tweed, Hadley & McCloy
1 Chase Manhattan Plaza
New York, New York 10005
(Names and addresses of agents for service)
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Central and South West Corporation ("CSW"), a Delaware corporation
and a registered holding company under the Public Utility Holding Company Act
of 1935, as amended (the "Act"), and its subsidiary companies Central Power
and Light Company ("CPL"), Public Service Company of Oklahoma ("PSO"),
Southwestern Electric Power Company ("SWEPCO"), West Texas Utilities Company
("WTU"), Transok, Inc. ("Transok") and Central and South West Services, Inc.
("CSWS" and together with CPL, PSO, SWEPCO, WTU and Transok, the
"Subsidiaries"), hereby file this Post-Effective Amendment No. 12 to the Form
U-1 Application-Declaration in this File No. 70-8157 (the "Application-
Declaration") for the purposes of amending Items 1 and 6 to include the
following additional information. In all other respects, the Application-
Declaration as previously filed and amended will remain the same.
Item 1. Description of Proposed Transaction.
Item 1 is hereby amended to include the following additional
information:
On February 4, 1994, the Securities and Exchange Commission
("Commission") issued a notice in this file (HCAR No. 35-25986) relating to
proposed increases in borrowing levels for CSW and its subsidiaries, CPL and
CSWS. On March 18, 1994, the Commission issued an order in this file (HCAR
No. 35-26007) approving certain of the proposed increases in borrowing
authority but reserving jurisdiction over $20 million of CSW's proposed
increase and $60 million of CSWS' proposed increase, pending completion of
the record.
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CSWS now requests that jurisdiction be released over $20 million of
its $60 million proposed increase in its borrowing authority. CSWS's
current borrowing limit as authorized by the Commission in this file (HCAR
No. 35-25777; March 31, 1993) is $90 million. During the last 30 days CSWS's
highest borrowing amount was approximately $89.1 million reached on June 3,
1994.
The increase in CSWS's Money Pool authorization is necessary because
its short-term borrowing requirements are subject to wide intra-period
fluctuations in the ordinary course of business due primarily to the timing of
CSWS's billing cycles and collections and the varying amounts billed to the
subsidiary companies and CSW. Intra-period fluctuations for CSWS are expected
to increase during 1994 due to services to be provided by CSWS (i) to WTU in
connection with a renewable energy source project (the "Renewables Project")
and (ii) to CSW Energy, Inc. and its affiliates ("Energy") in connection with
projects authorized by the Commission by orders dated September 28, 1990,
November 22, 1991 and December 31, 1992 (HCAR No. 25162, 25414 and 25728; 70-
7758) and August 6, 1993 (HCAR No. 25866; 70-8205), and orders relating to
specific projects authorized thereunder. CSWS will provide support services
for the Renewables Project and the Energy projects, including engineering,
research and development support, accounting services, and information systems
support. CSWS will incur expenses in connection with these projects
throughout a monthly business cycle and render a bill to its affiliate at the
end of such cycle. One result of CSWS's activity on these projects is to
increase CSWS's short-term borrowing needs in order to fund its activities
during the period between the time services are provided and the time that a
bill is rendered and paid.
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Exhibit 10 sets forth a table showing CSWS's forecast of the minimum
and maximum short-term debt levels for the second quarter of 1994 through the
first quarter of 1995. The table indicates that CSWS's maximum short-term
debt needs are projected to exceed its current CSW Money Pool authorization in
the second quarter of 1994. The increase in CSWS's money pool authorization
is intended to accommodate intra-period variations.
CSWS therefore requests that jurisdiction be released over $20
million of its $60 million proposed increase over which jurisdiction was
reserved in the Commission's order dated March 18, 1994 (HCAR No. 35-26007).
Item 6. Exhibits and Financial Statements.
Item 6 is hereby amended to file the following exhibit:
Exhibit 10 - Forecast of CSWS's Minimum and Maximum Short-Term Debt
for the period April 1, 1994 through March 31, 1995.
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S I G N A T U R E
- - - - - - - - -
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, as amended, the undersigned companies have duly caused this
document to be signed on their behalf by the undersigned thereunto duly
authorized.
Dated: June 10, 1994
CENTRAL AND SOUTH WEST CORPORATION CENTRAL POWER AND LIGHT COMPANY
By STEPHEN J. MCDONNELL By DAVID P. SARTIN
Stephen J. McDonnell David P. Sartin
Treasurer Controller
PUBLIC SERVICE COMPANY OF OKLAHOMA SOUTHWESTERN ELECTRIC POWER COMPANY
By DAVID M. THOMISON By A. G. HAMMETT, III
David M. Thomison A. G. Hammett, III
Treasurer Treasurer
WEST TEXAS UTILITIES COMPANY TRANSOK, INC.
By SHIRLEY BRIONES By O. T. STEWART
Shirley Briones O. T. Stewart
Treasurer Treasurer
and Controller
CENTRAL AND SOUTH WEST SERVICES, INC.
By SHIRLEY BRIONES
Shirley Briones
Treasurer
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EXHIBIT INDEX
Exhibit Transmission
Number Exhibit Method
- ------- ------- ------------
10 Forecast of CSWS's Minimum and Electronic
Maximum Short-Term Debt for the
period April 1, 1994 through
March 31, 1995.
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EXHIBIT 10
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CENTRAL AND SOUTH WEST SERVICES, INC.
SHORT-TERM DEBT FORECAST
($ IN MILLIONS)
1994 1995
----------------------------------- -------
2nd 3rd 4th 1st
Qtr Qtr Qtr Qtr
------- -------- -------- -------
Minimum Short-Term
Debt Level $ 77 $ 79 $ 80 $ 81
Maximum Short-Term
Debt Level $ 95 $ 100 $ 104 $ 108
