SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
In the Matter of
TRANSOK, INC. CERTIFICATE
CENTRAL AND SOUTH WEST CORPORATION OF
File No. 70-7872
NOTIFICATION
(Public Utility Holding Company Act of 1935)
Transok, Inc. ("Transok") is a wholly owned non-utility
subsidiary of Central and South West Corporation ("CSW"), a
public utility holding company. Transok's purpose, as a natural
gas pipeline company, is to provide CSW's electric operating
companies with a reliable and economical source of natural gas
for their electric power generation needs. CSW's electric
operating companies ("associate companies") are: Central Power
and Light Company; Public Service Company of Oklahoma;
Southwestern Electric Power Company and West Texas Utilities
Company. Transok also provides services to Central and South
West Energy, Inc. and to Central and South West Services, Inc.
As a result of Security and Exchange Commission order number 70-
7872 authorizing Transok's purchase of the common stock of Lear
Petroleum Corporation ("Lear"), Transok is required to file semi-
annual reports to include (a) current financial statements of
Transok and Lear; (b) a separate listing of the types of services
being rendered by Transok and Lear to (i) CSW's associate
companies and (ii) non-associates; and (c) the total revenues
received by Transok and Lear from and on behalf of CSW's
associate companies, set forth separately, and from non-
associates.
(A) Financial statements, including consolidated income
statements for the three and six months ended June 30, 1995 and
1994, consolidated balance sheets ending June 30, 1995, and
December 31, 1994, and consolidated cash flow statements for the
six months ended June 30, 1995 and 1994, are attached hereto as
Exhibit 1.
(B) A matrix of services provided to associates and non-
associates is attached hereto as Exhibit 2.
(C) Revenues received from and on behalf of each associate
company and from non- associates is presented in Exhibit 3
attached hereto.
SIGNATURE
As requested by order of the Securities and Exchange Commission
pursuant to the Public Utility Holding Company Act of 1935,
Transok, Inc. has duly caused this report to be signed on August
16, 1995.
By /S/ O. T. Stewart
O. T. Stewart
Vice President, Finance,
and Treasurer
Transok, Inc.
EXHIBIT 1
TRANSOK, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Thousands)
ASSETS June 30, 1995 December 31, 1994
Current Assets
Cash and cash equivalents $ 5,527 $ 3,601
Accounts receivable 32,481 35,014
Notes receivable 193 185
Income taxes receivable 6,928 3,144
Materials and supplies, at average cost 11,774 10,796
Gas stored underground, at average cost 21,763 22,550
Extracted products, at average cost 1,164 821
Prepayments and other 8,602 4,425
88,432 80,536
Property, Plant and Equipment 821,407 798,312
Less - Accumulated Depreciation 224,188 203,488
Net Property, Plant and Equipment 597,219 594,824
Other Investments, net 30,678 32,392
Deferred Charges and Other Assets 19,414 18,997
$ 735,743 $ 726,749
CAPITALIZATION AND LIABILITIES
Current Liabilities
Advances from affiliates $ 8,081 $ 28,104
Accounts payable 92,945 77,913
Accrued interest 4,943 5,105
Accrued taxes 4,383 3,884
Other 3,890 6,019
114,242 121,025
Notes Payable 200,000 200,000
Deferred Income Taxes 111,838 104,985
Capitalization
Common stock, $100 par value,
authorized 95,000 shares, issued and
outstanding, 92,186 shares 9,219 9,219
Paid-in capital 162,000 162,000
Retained earnings 138,444 129,520
309,663 300,739
$ 735,743 $ 726,749
The accompanying notes to consolidated financial statements are an integral
part of these statements.
EXHIBIT 1
TRANSOK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Thousands)
Three Months Ended Six Months Ended
June 30 June 30
1995 1994 1995 1994
Operating Revenues $ 165,587 $ 149,025 $ 325,293 $ 339,325
Operating Costs and Expenses:
Natural Gas Purchased for Resale 107,899 94,190 203,339 223,227
Product Extraction and Marketing 24,410 22,622 52,470 44,903
Operations and Maintenance 6,064 6,661 12,622 13,847
Administrative and General 6,914 6,394 14,522 12,836
Depreciation and Amortization 8,147 9,508 17,161 17,247
Taxes, Other Than Income Taxes 2,376 2,387 5,037 4,935
Total Operating Costs and Expenses 155,810 141,762 305,151 316,995
Operating Income 9,777 7,263 20,142 22,330
Other Income and (Deductions)
Interest Expense (3,735) (3,866) (7,587) (7,562)
Other, Net 277 328 854 455
Total Other Income and (Deductions) (3,458) (3,538) (6,733) (7,107)
Income Before Income Taxes 6,319 3,725 13,409 15,223
Federal and State Income Taxes 2,095 983 4,485 4,514
Net Income $ 4,224 $ 2,742 $ 8,924 $ 10,709
The accompanying notes to consolidated financial statements are an integral
part of these statements.
EXHIBIT 1
TRANSOK, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Thousands)
Six Months Ended
June 30
1995 1994
OPERATING ACTIVITIES
Net Income $ 8,924 $ 10,709
Non-cash items included in net income
Depreciation and amortization 17,642 17,733
Deferred income taxes 6,853 8,189
Other (1,019) (419)
Funds provided by operations 32,400 36,212
Changes in assets and liabilities
Accounts receivable 2,533 (1,731)
Notes receivable (8) 2,107
Income taxes receivable (3,784) (5,892)
Materials and supplies (978) (1,686)
Gas stored underground 787 7,755
Extracted products (343) 5,958
Prepayments and other current assets (4,177) (4,376)
Deferred charges and other assets (512) (2,393)
Accounts payable 15,032 (8,393)
Accrued interest (162) (18)
Accrued taxes 499 518
Other current liabilities (2,129) (5,073)
39,158 22,988
INVESTING ACTIVITIES
Capital expenditures (17,124) (31,960)
Proceeds from disposition of property - 362
Other (85) (301)
(17,209) (31,899)
FINANCING ACTIVITIES
Advances from affiliates (20,023) 3,483
(20,023) 3,483
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,926 (5,428)
BEGINNING CASH AND CASH EQUIVALENTS 3,601 10,975
ENDING CASH AND CASH EQUIVALENTS $ 5,527 $ 5,547
The accompanying notes to consolidated financial statements are an integral
part of these statements.
EXHIBIT 2
SERVICES PROVIDED BY TRANSOK, INC. PSO WTU CPL SWP ENERGY NON-
ASSOC.
Spot Gas Purchases X X X X
Long Term Gas Purchases X X X X X
Pipeline Construction Services X X X X
Lease of Pipeline Capacity from Transok X
Transportation Services X X X
Access to Gas Supply at the Wellhead X X X X X
Backup Supply and Transportation Capacity X X X X X
No-Notice Gas Supply & Gas Supply Swing
Capabilities X X X X
Auditing Services for Gas Supply &
Transportation Contracts X X X
Rate Case Assistance X X X X
Gas Control and Dispatching X X X X
Legal Services X X X
EXHIBIT 2
SERVICES PROVIDED BY TRANSOK, INC. PSO WTU CPL SWP ENERGY NON-
ASSOC.
Administrative Services Including:
Gas Measurement X X X
Gas Nominations X X X
Gas Allocation X X X
Gas Accounting X X X
Gas Reporting X X X
Computer Information Services X X X
Gas Contract Administration X X X
EXHIBIT 3
TRANSOK, INC.
REVENUES FROM & ON BEHALF OF ASSOCIATE
COMPANIES AND FROM NON ASSOCIATES
FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1995
(thousands)
PSO Transport $ 14,802
PSO Agency 0
PSO - Gas Sales 33,173
Transport of PSO Release Gas 5,999
Sales of PSO Release Gas 86,634
PSO Purchased Gas Receipts 42,158
CPL - Gas Sales 1,389
WTU - Gas Sales 3,481
WTU - Transportation 1,201
SWP - Gas Sales 725
WTU - Transportation 288
Energy 167
CSWS 511
ASSOCIATE COMPANY $ 190,528
NON-ASSOCIATE $ 177,601
TOTAL $ 368,129
