UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Public Utility Holding Company Act of 1935
File No. 70-9119
Report Date: August 24, 1998 (inception) to December 31, 1998
In the Matter of:
Central and South West Corporation
CSW Energy Services, Inc.
This report is filed under Rule 24 of the Public Utility Holding Company Act of
1935 by Central and South West Corporation (CSW) pursuant to an order issued by
the Securities and Exchange Commission dated August 24, 1998 (HCAR 35-26910).
This matter requires the filing of quarterly reports by CSW to the commission,
concerning the business activities and financings carried out pursuant to the
authorizations granted by this order, to contain the following information: (a)
balance sheets and income statements for CSW Energy Services, Inc. (Services) as
of the end of the reporting period covered; (b) a statement showing (i) revenues
of Services derived from the EV Business in the states comprising the Service
Areas and (ii) revenues derived from the EV Business in all other states, both
during the period covered and cumulatively; (c) a description of expenditures
and investments made by CSW and/or Services in EV Business activities, both
during the period covered and cumulatively, including details in tabular form as
to : (i) the amount(s) invested, the identity of all other corporations, parties
or joint ventures involved, the percentage of Services' investment in joint
arrangements, and a description of the activities being conducted, (ii) third
party financing used to finance EV Business activities conducted by any entity
in which CSW and/or Services has a direct or indirect ownership interest and
(iii) financing obtained by CSW and/or Services in order to engage in EV
Business activities; (d) a description of any state utility commission findings
<PAGE>
concerning EV Business activities or related transactions, and (to be filed as
exhibits) copies of all applications to, and orders issued by, such commissions
pertaining to EV Business activities or related transactions; and (e) a
narrative description of Services' EV Business activities during the reporting
period, including but not limited to, narrative information relating to all EV
Business related contracts (i) with unrelated parties and (ii) between or among
CSW system companies; and, provided further, that no later than August 15th of
each year, Applicants will file balance sheets for Services as of June 30th of
that year and income statements for Services for the six-month period ending
June 30th of the year. This is the intial report and covers the period from
inception, August 24, 1998 through December 31, 1998.
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The requested information for the reporting period from inception, August 24,
1998 through December 31, 1998, is as follows:
a) Copies of Services balance sheet and income statement for the reporting
period ended December 31, 1998 are included in Exhibit 1 which is being
filed confidentially under Form SE.
b) i. Revenue derived from states within the service area: For the reporting
period ended December 31, 1998: $75,279 Inception to date: $75,279
ii. Revenue derived from states outside of the service area: For the
reporting period ended December 31, 1998: $40,952 Inception to date:
$40,952
c) Description of expenditures and investments made by CSW and/or Services in
the EV business for the reporting period ended December 31, 1998 and,
inception to date, are attached in Exhibit 2.
d) State Commission findings concerning EV Business activities: None
e) Description of Services EV Business activities during the reporting period:
CSW TotalEV commenced its business of distributing electric bicycles
and related products following SEC approval in late August of 1998.
During its first quarter of operations (the fourth quarter of 1998),
TotalEV placed approximately 450 environmentally-friendly E-bike products
into the market place. Approximately 50 bicycle shops were retailing
electric bikes and scooters in CSW's targeted market area as of the
end of 1998.
At the close of 1998, TotalEV maintained its original agreements to
distribute E-bikes and related products with Currie Technologies (US
ProDrive electric bikes) and ZAP Power Systems (ZAP electric bikes and
electric scooters). TotalEV has not signed any contracts beyond those
established concurrent with the start of the business. No contracts are
in place with any other unrelated parties or among CSW system companies.
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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, Central and South West Corporation has duly caused
this report to be signed on its behalf on this 16th day of February 1999.
Central and South West Corporation
CSW Energy Services, Inc.
/s/ Lawrence B. Connors
Lawrence B. Connors
Controller and Chief
Accounting Officer
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INDEX TO EXHIBITS
Exhibit
Number Exhibit
1 Balance sheet and income statement for the reporting period ended
December 31, 1998 are filed confidentially under Form SE.
2 Description of expenditures and investments made by CSW and/or
Services in the EV Business for the reporting period ended
December 31, 1998 and inception to date.
EXHIBIT 2
Page 1 of 2
Central and South West Corporation
File No: 70-9119
Report For Period: August 24, 1998 (Inception) to December 31, 1998
C) Description of investments and expenditures made by CSW and/or Services in
the EV Business:
(i)Identify all other corporations, parties or joint ventures involved, the
percentage of Services' investment in joint arragements, and a
description of the activities being conducted:
INVESTMENTS
a) For the reporting period ending: December 31, 1998
<TABLE>
Percentage of Services' Description of Activities being
Parties Investing Investment Investment Conducted
------------------------------------ -------------- ------------ ---------------------------------------
<S> <C> <C> <C> <C>
NONE 0% $ -- N/A
</TABLE>
b) For the cumulative period ending: December 31, 1998
<TABLE>
Percentage of Services' Description of Activities being
Parties Investing Investment Investment Conducted
------------------------------------ -------------- ------------ ---------------------------------------
<S> <C> <C> <C> <C>
NONE 0% $ -- N/A
</TABLE>
EXPENDITURES
a) For the reporting period ending: December 31, 1998
<TABLE>
Percentage of Services' Description of Activities being
Parties Investing Investment Investment Conducted
------------------------------------ -------------- ------------ ---------------------------------------
<S> <C> <C> <C> <C>
NONE 0% $ -- N/A
</TABLE>
b) For the cumulative period ending: December 31, 1998
<TABLE>
Percentage of Services' Description of Activities being
Parties Investing Investment Investment Conducted
------------------------------------ -------------- ------------ ---------------------------------------
<S> <C> <C> <C> <C>
NONE 0% $ -- N/A
</TABLE>
<PAGE>
EXHIBIT 2
Page 2 of 2
Central and South West Corporation
File No: 70-9119
Report For Period: August 24, 1998 (Inception) to December 31, 1998
Item C (cont'd)
(ii) Third party financing used to finance EV Business activities:
a) For the reporting period ending: December 31, 1998
Amount Purpose of
Name of Third party Financed Financing
------------------------ ------------------- --------------------
NONE $ -- N/A
b) For the cumulative period ending: December 31, 1998
Amount Purpose of
Name of Third party Financed Financing
------------------------ ------------------- --------------------
NONE $ -- N/A
(iii) Financing obtained by CSW and/or Services in order to engage in EV
Business activities:
The EV Business is totally financed through a combination of
internally generated funds and short-term debt by the parent company,
Central and South West Corporation.
