CENTRAL POWER & LIGHT CO /TX/
35-CERT, 1998-11-05
ELECTRIC SERVICES
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                      SECURITIES AND EXCHANGE COMMISSION
 
                            Washington, D.C. 20549




__________________________________________________
                                                  :
                In the Matter of                  :
                                                  :
        CENTRAL POWER AND LIGHT COMPANY           :  CERTIFICATE
                                                  :
      CENTRAL AND SOUTH WEST CORPORATION          :       OF
                                                  :
               File No. 70-8677                   :  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 Central  Power and Light  Company (CPL) a subsidiary of Central
and South West Corporation  (CSW). Under HCAR 35-26390 dated October 13, 1995,
it  is  required  that  CPL  file  quarterly   reports  with  respect  to  the
obligations  relative to  pollution  control  revenue  bonds  issued by Nueces
County  Navigation   District  #1  (Nueces)  and/or   Guadalupe-Blanco   River
Authority,  Texas (Guadalupe).  The following  information is provided for the
Nueces  and/or  Guadalupe  pollution  control  revenue  bonds for each cap and
collar  position  that has been open at any time  during the  quarter:  1) the
transaction  date,  2) the  type  of  transaction  3) the  notional  principal
amount,   4)  a  description  of  the  material  terms  of  the   transaction,
including  a) the  maturity or  termination  date of each  transaction  and b)
the cap strike  rate or the ceiling  and floor  strike  rate for a collar,  5)
the name of the  counterparty  6) the market value of all open positions as of
the  end  of  such  quarter,  and  7)  any  gains  and  losses  realized  from
liquidation  during  such  quarter of any  position.  This  report  covers the
period July 1, 1998 through September 30, 1998.


    No cap or collar position has been open during the reporting period.




                              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 Power and Light Company has duly caused
this report to be signed on its behalf on this 6th day of November, 1998.

                                     Central Power and Light Company

                                              /s/ R. Russell Davis   
                                              R. Russell Davis
                                              Controller and Chief
                                              Accounting Officer


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