UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Public Utility Holding Company Act of 1935
File No. 70-9119
Report Date: July 1, 1999 to September 30, 1999
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 (SEC) 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 (TotalEV) 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
<PAGE>
state utility commission findings 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 report covers the period
from July 1, 1999 through September 30, 1999.
<PAGE>
The requested information for the reporting period July 1, 1999 through
September 30, 1999, is as follows:
a) Services balance sheet as of September 30, 1999 and income statements for
the three and nine months ended September 30, 1999 are attached as 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 Sept. 30, 1999: $ 80,043
Inception to date: $288,142
ii. Revenue derived from states outside of the service area:
For the reporting period ended Sept. 30, 1999: $141,608
Inception to date: $488,492
c) Description of expenditures and investments made by CSW and/or Services in
the EV business for the reporting period ended September 30, 1999 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 Total EV commenced its business of distributing electric
bicycles and related products following SEC approval in late August
of 1998. Through the third quarter of 1999, Total EV has placed over
2,000 environmentally-friendly e-bike products into the market place
since its inception. Approximately 150 independent bicycle shops in
22 states are retailing electric bicycles, scooters, and related
products distributed by Total EV.
At the close of the third quarter of 1999, Total EV has
agreements to distribute e-bikes and related products with six
manufacturers: Currie Technologies (electric bikes and conversion
kits); ZAPWORLD.com, formerly ZAP Power Systems, (electric bikes,
adult three wheelers, scooters, and conversion kits); Condor
Industries (electric bicycles); Montague Bicycles (electric folding
bicycle); Bikit (conversion kits); and the Electric Transportation
Company (electric bicycles and electric folding bikes). Negotiations
are under way with several other electric bicycle manufacturers for
the rights to distribute their products. 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 11th day of November 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 as of September 30, 1999 and income
statements for the three and nine months ended September
30, 1999 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 September 30, 1999 and inception to date.
Central and South West Corporation EXHIBIT 2
File No: 70-9119 Page 1 of 2
Report For Period: July 1, 1999 to September 30, 1999
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:September 30, 1999
<TABLE>
<CAPTION>
Parties Investing Percentage of Services' Description of Activities being
Investment Investment Conducted
------------------------------ ------------- ---------- --------------------------------
<S> <C> <C> <C>
NONE 0% $ - N/A
</TABLE>
b)For the cumulative period ending September 30, 1999
<TABLE>
<CAPTION>
Parties Investing Percentage of Services' Description of Activities being
Investment Investment Conducted
------------------------------ ------------- ---------- --------------------------------
<S> <C> <C> <C>
NONE 0% $ - N/A
</TABLE>
EXPENDITURES
a)For the reporting period ending:September 30, 1999
<TABLE>
<CAPTION>
Parties Investing Percentage of Services' Description of Activities being
Investment Investment Conducted
------------------------------ ------------- ---------- --------------------------------
<S> <C> <C> <C>
NONE 0% $ - N/A
</TABLE>
b)For the cumulative period endingSeptember 30, 1999
<TABLE>
<CAPTION>
Parties Investing Percentage of Services' Description of Activities being
Investment Investment Conducted
------------------------------ ------------- ---------- --------------------------------
<S> <C> <C> <C>
NONE 0% $ - N/A
</TABLE>
<PAGE>
Central and South West Corporation EXHIBIT 2
File No: 70-9119 Page 2 of 2
Report For Period: July 1, 1999 to September 30, 1999
Item C (cont'd)
(ii)Third party financing used to finance EV Business activities:
a) For the reporting period ending:September 30, 1999
Amount Purpose of
Name of Third party Financed Financing
- --------------------------- ---------------- -----------------------
NONE $ - N/A
b) For the cumulative period endingSeptember 30, 1999
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.
