SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 1995
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
1-1443 Central and South West Corporation 51-0007707
(A Delaware Corporation)
1616 Woodall Rodgers Freeway
Dallas, TX 75202-1234
(214) 777-1000
0-346 Central Power and Light Company 74-0550600
(A Texas Corporation)
539 North Carancahua Street
Corpus Christi, TX 78401-2802
(512) 881-5300
This combined Form 8-K is separately filed by Central
and South West Corporation and Central Power and Light
Company. Information contained herein relating to an
individual company is filed by such company on its own
behalf. Each company makes no representation as to
information relating to the other company.
ITEM 5. OTHER EVENTS
CENTRAL POWER AND LIGHT COMPANY (CPL) REGULATORY MATTERS
Recent Developments
Docket Nos. 12820 and 13126
On April 5, 1995, CPL, a wholly-owned subsidiary of
CSW, reached an agreement in principle with other parties to
pending regulatory proceedings involving base rate, fuel and
prudence issues relating to South Texas Project (STP)
nuclear plant. On May 16, 1995, CPL filed with the Public
Utility Commission of Texas (Texas Commission) an agreement
to settle certain regulatory matters (Settlement Agreement).
Pursuant to the Settlement Agreement, base rate refunds,
fuel refunds and the reduction of CPL's fuel factors were
implemented on an interim basis during the summer of 1995.
Under the Settlement Agreement, CPL agreed to provide
customers a one-time base rate refund of $50 million. In
addition, CPL agreed to refund approximately $30 million in
over-recovered fuel costs through April 1995 and not to
charge customers for $62.25 million in replacement power
costs and related interest primarily associated with the
1993-1994 STP outage. Also, under the Settlement Agreement,
there is no ongoing change in base rate levels.
However, CPL reduced its fuel factors by approximately $55
million on an annual basis due to projections of lower fuel
costs. Hearings on the Settlement Agreement were held on
July 19, 1995, and the final Texas Commission order
approving the Settlement Agreement was received on September
27, 1995.
Rate Review Request
On October 2, 1995, CPL announced its intent to file in
November 1995 a request for a retail rate increase with the
Texas Commission and with the cities in its service
territory that have jurisdiction over electric rates. If
the requested increase is approved, CPL will commit to not
increasing its base rates through the year 2000. As
required by law, CPL notified the cities of CPL's intent to
request a rate change at least 31 days prior to the actual
filing of the rate review.
For further information and earlier developments
related to CPL's regulatory matters, reference is made to
CSW's and CPL's combined annual report of Form 10-K for the
year ended December 31, 1994 and combined quarterly reports
on Form 10-Q for the quarters ended March 31, 1995 and June
30, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrants have duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized. The signature for each undersigned registrant
shall be deemed to relate only to matters having reference
to such registrant or its subsidiaries.
CENTRAL AND SOUTH WEST CORPORATION
Date: October 5, 1995
By: Wendy G. Hargus
Wendy G. Hargus
Controller
CENTRAL POWER AND LIGHT COMPANY
Date: October 5, 1995
By: R. Russell Davis
R. Russell Davis
Controller
