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Previous: CENTRAL POWER & LIGHT CO /TX/, 35-CERT, 1996-05-30 |
Next: COLUMBUS SOUTHERN POWER CO /OH/, 35-CERT, 1996-05-30 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________________________
:
In the Matter of :
:
CSW COMMUNICATIONS, INC. : CERTIFICATE
:
CENTRAL AND SOUTH WEST CORPORATION : OF
:
File No. 70-8199 : NOTIFICATION
:
(Public Utility Holding Company Act of 1935) :
__________________________________________________:
This report is filed under Rule 24 of the Public Utility
Holding Company Act of 1935 by CSW Communications, Inc. (CSW
Communications) a subsidiary of Central and South West
Corporation (CSW) authorized to operate as a limited-purpose
communications company. Under HCAR 35-26061 dated June 3, 1994,
it is required that CSW Communications file quarterly reports
providing: 1) CSW Communications' Balance Sheet 2) CSW
Communications' Statement of Income for the quarter ended (for
the year ended in the case of fourth calendar quarter) 3) a
concise description of bills to and payments by associated
companies for such quarter and 4) a concise description of
payments by CapRock Fiber Network, Ltd. (CapRock) to CSW
Communications for such quarter.
1) CSW Communications' Balance Sheet
Refer to Exhibit 1 for CSW Communications' Balance Sheet at
March 31, 1996.
2) CSW Communications' Statement of Income
Refer to Exhibit 2 for CSW Communications' Statement of Income
for the Quarter Ended March 31, 1996.
<PAGE> 2
3) Description of Bills to and Payments by Associated Companies
Bills to Associated Companies:
Central Power and Light was billed $28,491 during the
reporting period for the reimbursement of operations and
maintenance expense.
Payments by (Receipts from) Associated Companies:
Description Amount
Receipts from CPL - Reimbursement of expenses $ (18,994)
Receipts from Corp - Advance (3,940,374)
Total receipts from Associated Companies $(3,959,368)
4) Description of Payments by CapRock to CSW Communications
There were no payments by CapRock to CSW Communications during
the reporting period.
Currently CapRock is in default of its obligations under the
Fiber System Lease and Option Agreement. The lease has been
terminated.
<PAGE> 3
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, CSW Communications,
Inc. has duly caused this report to be signed on its behalf on
this 29th day of May 1996.
CSW COMMUNICATIONS, Inc.
/s/ Shirley Briones
Shirley Briones
Treasurer
<PAGE> 4
Exhibit 1
CSW COMMUNICATIONS, INC.
BALANCE SHEET
MARCH 31, 1996
Assets
Fiber Optic Equipment and Plant $ 14,738,147
Intangibles (Net of Accumulated
Amortization) 98,161
Deferred Charges --
Income Tax Benefit Receivable 615,715
Other Assets 882,360
Total Assets $ 16,334,383
Capitalization and Liabilities
Common Stock $ 1,000
Retained Earnings (1,877,767)
Total Capitalization (1,876,767)
Advances from Affiliates 17,557,107
Deferred Income Taxes 591,363
Other Liabilities 62,680
Total Capitalization and
Liabilities $ 16,334,383
<PAGE> 5
Exhibit 2
CSW COMMUNICATIONS, INC.
STATEMENT OF INCOME
FOR THE QUARTER ENDED MARCH 31, 1996
Revenue
Other Income $ 6,182
Expenses
Interest Expense 209,222
Amortization 7,695
Income Taxes (615,716)
Deferred Federal Income Taxes 70,731
Administrative and General 1,207,766
Maintenance 1,412
Taxes Other than Income 137,183
Total Expenses (1,018,293)
Net Loss $ (1,012,111)
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