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Previous: CAPITAL INVESTMENT OF HAWAII INC, DEF 14C, 1996-12-02 |
Next: CENTURY TELEPHONE ENTERPRISES INC, 8-A12B/A, 1996-12-02 |
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 September 30,
1996.
2) CSW COMMUNICATIONS' STATEMENT OF INCOME
Refer to Exhibit 2 for CSW Communications' Statement of Income for the
Quarter Ended September 30, 1996.
<PAGE>
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.
RECEIPTS FROM ASSOCIATED COMPANIES:
Description Amount
- ----------------------------------------------- --------------
Receipts from CPL - Reimbursement of expenses $ 28,491
Receipts from Corp - Advance 2,633,043
==============
Total receipts from Associated Companies $2,661,534
==============
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>
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 27th day of November 1996.
CSW COMMUNICATIONS, Inc.
/S/ WENDY G. HARGUS
Wendy G. Hargus
Treasurer
Exhibit 1
CSW COMMUNICATIONS, INC.
BALANCE SHEET
SEPTEMBER 30, 1996
ASSETS
Fiber Optic Equipment $17,771,272
General Equipment 960,854
Intangibles 153,870
Less: Accumulated Depreciation and Amortization (280,463)
----------------
Total Plant and Equipment 18,605,533
Accounts Receivable 632,567
Other Assets --
Income Tax Benefit Receivable 877,117
----------------
$20,115,217
================
CAPITALIZATION AND LIABILITIES
Common Stock $ 1,000
Retained Earnings (3,667,570)
----------------
Total Capitalization (3,666,570)
----------------
Advances from Affiliates 22,077,195
Accounts Payable 174,290
Deferred Income Taxes 773,767
Customer Deposits 563,304
Accrued Interest 103,861
Other Current Liabilities 89,369
----------------
$20,115,217
================
Exhibit 2
CSW COMMUNICATIONS, INC.
STATEMENT OF INCOME
FOR THE QUARTER ENDED SEPTEMBER 30, 1996
REVENUES
Fiber Line Lease $ 254,931
Other Income 211,449
---------------
466,380
---------------
EXPENSES
Interest Expense 304,445
Depreciation and Amortization 217,059
Administrative and General 1,343,457
Maintenance 348
Taxes Other Than Income 82,684
Income Taxes (518,533)
---------------
1,429,460
---------------
Net Loss $ (963,080)
===============
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