UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
______________________________________________
In the matter of
EnerShop, Inc. REPORT FOR PERIOD
Dallas, Texas 75266 January 1, 1996 to
March 31, 1996
File No. 070-08645 PURSUANT TO RULE 24
This report is filed under Rule 24 of the Public
Utility Holding Company Act of 1935 by EnerShop, Inc.
("EnerShop"), a wholly owned subsidiary of Central and South
West Corporation ("CSW"). Under HCAR 35-26367, EnerShop is
authorized to provide energy and demand side management
services to nonassociates; loans to subsidiary; guarantees
of subsidiary's obligations; and customer financing by
subsidiary. Attached is the information required pursuant
to HCAR 35-26367.
(A)
(1) Narrative report of activities undertaken in
connection with energy and demand side management
services. See Exhibit A.
(2) Description of any services received to EnerShop
by Central and South West Services, Inc. and each of
the electric utility company subsidiaries of CSW and
the aggregate dollar value of the services by company.
See Exhibit B.
(B)
(1) Statement of Income for quarter ended March 31,
1996. See Exhibit C.
(2) Balance Sheet for the period ended March 31, 1996.
Exhibit D.
(3) Statement of Cash Flows for the period ended March
31, 1996. See Exhibit E.
(4) Amounts and forms of currently effective CSW
guarantees of and similar arrangements concerning the
performance and undertaking of obligations by EnerShop.
See Exhibit F.
(5) Measure of hours spent by associate companies on
services rendered to EnerShop. See Exhibit G.
S I G N A T U R E
As requested by order of this Commission pursuant to
the Public Utility Holding Company Act of 1935, EnerShop,
Inc. has duly caused this report to be signed on its behalf
on this 15th day of May 1996.
EnerShop, Inc.
/s/ Frederic L. Frawley
Frederic L. Frawley
Secretary
EXHIBIT A
EnerShop Energy Services and Demand-Side Management
Activities
Calendar Quarter 1996
EnerShop is an energy services company, providing cost-
effective energy management solutions and strategies for
commercial and industrial customers, both inside and outside
the service territories of the CSW electric operating
companies. EnerShop's turn-key energy efficiency and demand-
side management solutions include engineering, design
specification, equipment installation, project management
and financing placement. EnerShop analyzes potential
customer's operations and identifies equipment, usage, and
other changes that will lower their overall energy bills or
provide greater productivity. On most projects EnerShop
manages the efforts of several parties, including equipment
vendors, engineering firms, and subcontractors. This
management allows our customers to look to a sole-source
conduit for activities that would otherwise detract from
their time and resources.
The following represents EnerShop's activities from end of
the 1995 calendar year through March 1996:
1. Matagorda County Energy Efficiency Project (Matagorda
County Texas - CPL service territory) - EnerShop won a
competitive public bid to provide energy efficiency
retrofits for four County facilities. The services to be
provided include: lighting system retrofit, chiller and
cooling tower replacement, installation of an energy
management system, and annual preventative maintenance.
The project is currently under construction and the County
is expected to save over 50% of their current utility costs.
2. Provisional Studies - EnerShop performed energy audits
or developed energy efficiency proposals for a number of
commercial customers. These studies or proposals typically
consisted of a facility energy and operational audit,
estimates of energy and operational saving opportunities,
and associated equipment costs.
EnerShop expects to provide detailed engineering studies and
subsequent energy and demand-side management projects for a
number of these and other customers in 1996. EnerShop's
primary focus today is the commercial business sector in
Dallas, Texas, Houston, Texas, and the service territories
of the four CSW operating companies.
EXHIBIT B
Enershop, Inc.
Intercompany Service Transactions
For the Quarter Ended March 31, 1996
Name Type of Service Amount
Central and South West Salaries, and overheads in $ 198,772
Services, Inc. support of Enershop, Inc.
(Wholly owned subsidiary of
Central and South West
Corporation)
Transok, Inc. Rent and administrative 6,817
(Wholy owned subsidiary of support for Houston, TX
Central and South West office.
Corporation
CSW Energy, Inc. Salaries, and overheads in 2,182
(Wholly owned subsidiary support of Enershop, Inc.
of Central and South West
Corporation)
EXHIBIT C
ENERSHOP, INC.
Income Statement
For The Quarter Ended March 31, 1996
Revenue
Financing Fee Income $ 12,600
Total Revenue 12,600
Selling & Administrative Expenses
Outside Services - Labor & Overhead - CSWS 198,772
Administrative Expense 87,964
Outside Services 144,526
Travel, Meals & Lodging 22,716
Legal Fees 2,056
Marketing and General 307,102
Total Expenses 763,136
Interest Expense 7,080
Federal Income Taxes (295,470)
Net Income $ (462,146)
EXHIBIT D
ENERSHOP, INC.
Balance Sheet
March 31, 1996
ASSETS
Current Assets
Contract Cost in Excess of Billings $ 244,826
Federal Income Tax Benefit 295,471
Office Furniture and Fixtures 24,503
Other 3,308
TOTAL ASSETS 568,108
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable - Trade 254,996
Accounts Payable - Affiliated 94,201
Long Term Liabilities
Notes Payable - CSWC 787,787
Total Liabilities 1,136,984
EQUITY
Common Stock 100
Additional Paid In Capital 900
Retained Earnings (569,876)
Total Equity (568,876)
TOTAL LIABILITIES & EQUITY $ 568,108
EXHIBIT E
ENERSHOP, INC.
Statement of Cash Flows
For The Quarter Ended March 31, 1996
OPERATING ACTIVITIES
Net (Income) Loss $ 462,146
Change in Contract Costs 230,176
Change in Organization Costs (170,701)
Change in Other Assets 3,308
Change in Office Furniture and Fixtures 24,504
Change in Trade Acounts Payable (84,152)
Change in Affiliated Acounts Payable (142,392)
Change in Accrued Federal Income Tax 259,921
Total Operating Activities 582,810
FINANCING ACTIVITIES
Change in Short Term Debt (582,810)
Total Financing Activities (582,810)
Net Change in Cash & Cash Equivalents --
Cash at Beginning of Period --
Cash at End of Period --
Net Change in Cash & Cash Equivalents $ --
EXHIBIT F
ENERSHOP, INC.
Schedule of CSW Guarantees
At March 31, 1996
CSW will guarantee or act as surety on bonds, indebtedness and performance and
other obligations undertaken by EnerShop in connection with the Matagorda
County Project which involves Signet Bank's $504,00 lease.
EXHIBIT G
ENERSHOP, INC.
Schedule of Hours Spent in Support of Enershop
At March 31, 1996
Hours
Associated Company Rendered
CSW Services, Inc.
(Wholly owned subsidiary of CSW) 1,985
CSW Energy, Inc.
(Wholly owned subsidiary of
Central and South West Corporation) 30
