CENTRAL POWER & LIGHT CO /TX/
35-CERT, 1999-04-19
ELECTRIC SERVICES
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549





Public Utility Holding Company Act of 1935
File No. 70-8345
Report For Period: January 1, 1999 to March 31, 1999



In the Matter of:

CENTRAL POWER AND LIGHT COMPANY
CENTRAL AND SOUTH WEST CORPORATION




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  35-26114  dated  August 26,  1994,  it is
required that CPL file  quarterly  reports  providing the following  information
with  respect to the leasing of owned trains and  railcars to  nonaffiliates  by
CPL,  Public  Service  Company of Oklahoma  (PSO),  Southwestern  Electric Power
Company  (SWEPCO) and West Texas Utilities  Company (WTU): 1) the period of time
the railcars are leased 2) the number of railcars leased 3) the revenues earned,
variable cost, and  contribution to fixed cost by month from leasing railcars to
nonaffiliates  and 4) the average  number of railcars  owned  during the period.
This report covers the period January 1, 1999 through March 31, 1999.



<PAGE>


The requested information for the reporting period Janaury 1, 1999 through March
31, 1999, is as follows:


- --------------------------------------------------------------------------------
                    CPL           PSO          SWEPCO        WTU         TOTAL

- --------------------------------------------------------------------------------
PERIOD OF
TIME RAILCARS       None          None         None          None
ARE LEASED TO       during        during       during        during
NON-                quarter       quarter      quarter       quarter
AFFILIATES

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NUMBER OF
RAILCARS
LEASED TO
NON-AFFILIATES       0             0            0             0           0


- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REVENUE             $0            $0           $0            $0          $0

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
VARIABLE COST       $0            $0           $0            $0          $0

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CONTRIBUTION        $0            $0           $0            $0          $0
TO FIXED COST
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
AVERAGE
NUMBER OF            485           754          1,246         0           2,485
RAILCARS
OWNED
- --------------------------------------------------------------------------------



                                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 19th day of April, 1999.

                                            Central Power and Light Company

                                            /s/  R. Russell Davis
                                            R. Russell Davis

                                            Controller and Chief
                                            Accounting Officer



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