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 October 1, 1995 to
December 31, 1995
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 year ended December 31,
1995. See Exhibit C.
(2) Balance Sheet for the year ended December 31,
1995. See Exhibit D.
(3) Statement of Cash Flows for the year ended
December 31, 1995. 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 29th day of February 1996.
EnerShop, Inc.
/s/ Frederic L. Frawley
Frederic L. Frawley
Secretary
EXHIBIT A
EnerShop Energy Services and Demand-Side Management
Activities
Calendar Year 1995
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 start-up
(October `95) through the end of the 1995 calendar year:
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 Year Ended December 31, 1995
Name Type of Service Amount
Central and South West Salaries, and overheads in $ 143,280
Services, Inc. (Wholly owned support of Enershop, Inc.
subsidiary of Central and
South West Corporation)
Transok, Inc. Rent and administrative support $ 1,563
(Wholly owned subsidiary of for Houston, TX office.
Central and South West
Corporation)
EXHIBIT C
ENERSHOP, INC.
Income Statement
For The Year Ended December 31, 1995
Selling & Administrative Expenses
Outside Services - Labor & Overhead - CSWS $ 143,280
Outside Services - Consultants 253
Outside Services - Transok, Inc. 1,563
Administrative Expense 12,807
Travel, Meals & Lodging 6,767
Total Expenses 164,670
Interest Expense 1,069
Federal Income Taxes (58,009)
Net Income $ (107,730)
EXHIBIT D
ENERSHOP, INC.
Balance Sheet
December 31, 1995
ASSETS
Non Current Assets
Work In Progress $ 14,650
Organization Costs 170,701
TOTAL ASSETS 185,351
LIABILITIES & EQUITY
Liabilities
Accounts Payable 122,653
Long Term Liabilities
Accrued Federal Income Tax (35,549)
Accrued Interest Payable - CSWC 639
Notes Payable - CSWC 204,338
Total Liabilities 169,428
EQUITY
Common Stock 1,000
Retained Earnings (107,730)
Total Equity (106,730)
TOTAL LIABILITIES & EQUITY $ 185,351
EXHIBIT E
ENERSHOP, INC.
Statement of Cash Flows
For The Year Ended December 31, 1995
OPERATING ACTIVITIES
Net Income $(107,730)
Change in Work in Progress (14,650)
Change in Organization Costs (170,701)
Change in Trade Acounts Payable 123,292
Change in Accrued Federal Income Tax (35,549)
Total Operating Activities (205,338)
FINANCING ACTIVITIES
Change in Short Term Debt 204,338
Stockholder Equity 1,000
205,338
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 December 31, 1995
CSW had no outstanding guarantees or other arrangements concerning performance
by Enershop.
EXHIBIT G
ENERSHOP, INC.
Schedule of Hours Spent in Support of Enershop
At December 31, 1995
Hours
Associated Company Rendered
CSW Services, Inc. 2,587
(Wholly owned subsidiary of CSW)
