UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1993 and Ending December 31, 1993
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
CENTRAL AND SOUTH WEST SERVICES, INC.
(Exact Name of Reporting Company)
A Subsidiary SERVICE COMPANY
("Mutual" or "Subsidiary")
Date of Incorporation January 8, 1969 If not Incorporated, Date of
Organization
State or Sovereign Power under which Incorporated or Organized Texas
Location of Principal Executive Offices of Reporting Company Dallas, Texas
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Robert M. Spratling Controller P.O. Box 660164 Dallas, Texas 75266-0164
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
CENTRAL AND SOUTH WEST CORPORATION
<PAGE> 1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.--Rule 94 provides that on or before the first day of May
in each calendar year, each mutual service company and each subsidiary
service company as to which the Commission shall have made a favorable
finding pursuant to Rule 88, and every service company whose application
for approval or declaration pursuant to Rule 88 is pending shall file
with the Commission an annual report on Form U-13-60 and in accordance
with the Instructions for that form.
2. Number of Copies.--Each annual report shall be filed in duplicate. The
company should prepare and retain at least one extra copy for itself in
case correspondence with reference to the report becomes necessary.
3. Period Covered by Report.--The first report filed by any company shall
cover the period from the date the Uniform System of Accounts was
required to be made effective as to that company under Rules 82 and 93 to
the end of that calendar year. Subsequent reports should cover a calendar
year.
4. Report Format.--Reports shall be submitted on the forms prepared by the
Commission. If the space provided on any sheet of such form is
inadequate, additional sheets may be inserted of the same size as a sheet
of the form or folded to each size.
5. Money Amounts Displayed.--All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of
dollars or in hundred thousands of dollars, as appropriate and subject to
provisions of Regulation S-X (210.3-01(b)).
6. Deficits Displayed.--Deficits and other like entries shall be indicated by
the use of either brackets or a parenthesis with corresponding reference
in footnotes. (Regulation S-X,210.3-01(c))
7. Major Amendments or Corrections.--Any company desiring to amend or correct
a major omission or error in a report after it has been filed with the
Commission shall submit an amended report including only those pages,
schedules, and entries that are to be amended or corrected. A cover
letter shall be submitted requesting the Commission to incorporate the
amended report changes and shall be signed by a duly authorized officer
of the company.
8. Definitions.--Definitions contained in Instruction 01-8 to the Uniform
System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended
February 2, 1979 shall be applicable to words or terms used specifically
within this Form U-13-60.
9. Organization Chart.--The service company shall submit with each annual
report a copy of its current organization chart.
10. Methods of Allocation.--The service company shall submit with each annual
report a listing of the currently effective methods of allocation being
used by the service company and on file with the Securities and Exchange
Commission pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.--The service
company shall submit with each annual report a copy of the annual
statement supplied to each associate company in support of the amount of
compensation for use of capital billed during the calendar year.
<PAGE> 2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Page
Description of Schedules and Accounts Account Number
Number
Comparative Balance Sheet .................................. Schedule I 3-4
Service Company Property ................................... Schedule II 5
Accumulated Provision for Depreciation and Amortization
of Service Company Property ........................... Schedule III 6
Investments ................................................ Schedule IV 7
Accounts Receivable from Associate Companies .......... Schedule V 8
Fuel Stock Expenses Undistributed ...................... Schedule VI 9
Stores Expense Undistributed ............................ Schedule VII 9
Miscellaneous Current and Accrued Assets ................. Schedule VIII 10
Miscellaneous Deferred Debits ........................... Schedule IX 10
Research, Development, or Demonstration Expenditures .. Schedule X 10
Proprietary Capital ..................................... Schedule XI 11
Long-Term Debt ........................................... Schedule XII 12
Current and Accrued Liabilities .......................... Schedule XIII 13
Notes to Financial Statements ........................... Schedule XIV 14
Comparative Income Statement ............................ Schedule XV 15
Analysis of Billing - Associate Companies .............. Account 457 16
Analysis of Billing - Nonassociate Companies ........... Account 458 17
Analysis of Charges for Service - Associate and
Nonassociate Companies ................................ Schedule XVI 18
Schedule of Expense by Department or Service Function .... Schedule XVII 19
Departmental Analysis of Salaries .......................... Account 920 20
Outside Services Employed ............................... Account 923 21
Employee Pensions and Benefits ......................... Account 926 22
General Advertising Expenses ............................. Account 930.1 22
Miscellaneous General Expenses ........................... Account 930.2 23
Rents .................................................... Account 931 23
Taxes Other Than Income Taxes .......................... Account 408 24
Donations ................................................. Account 426.1 25
Other Deductions ......................................... Account 426.5 26
Notes to Statement of Income ............................. Schedule XVIII 27
<PAGE> 2a
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Page
Description of Reports or Statements Number
Organization Chart ..................................... 28
Methods of Allocation .................................. 29
Annual Statement of Compensation for Use of Capital Billed . 30
<PAGE> 3
ANNUAL REPORT OF Central and South West Services, Inc.
SCHEDULE I - COMPARATIVE BALANCE SHEET
(thousands)
Give balance sheet of the Company as of December 31 of the current and prior
year.
_______________________________________________________________________________
|ACCOUNT ASSETS AND OTHER DEBITS | AS OF DECEMBER 31 |
| CURRENT | PRIOR |
SERVICE COMPANY PROPERTY | | |
| | |
101 Service company property (Schedule II) | $ 97,041 | $55,622 |
107 Construction work in progress (Schedule II) | 0 | 15,374 |
Total Property | 97,041 | 70,996 |
| | |
108 Less accumulated provision for depreciation and | | |
amortization of service company property | | |
(Schedule III) | 12,656 | 11,153 |
Net Service Company Property | 84,385 | 59,843 |
| | |
INVESTMENTS | | |
| | |
123 Investments in associate companies (Schedule IV) | 0 | 0 |
124 Other investments (Schedule IV) | 1,539 | 1,809 |
Total Investments | 1,539 | 1,809 |
| | |
CURRENT AND ACCRUED ASSETS | | |
| | |
131 Cash | 2 | 2 |
134 Special deposits | 314 | 57 |
135 Working funds | 83 | 62 |
136 Temporary cash investments (Schedule IV) | 0 | 0 |
141 Notes receivable | 855 | 609 |
143 Accounts receivable | 2,512 | 297 |
144 Accumulated provision of uncollectible accounts | 0 | 0 |
146 Accounts receivable from associate | | |
companies (Schedule V) | 12,802 | 12,510 |
152 Fuel stock expenses undistributed (Schedule VI) | 0 | 0 |
154 Materials and supplies | 0 | 0 |
163 Stores expense undistributed (Schedule VII) | 0 | 0 |
165 Prepayments | 1,804 | 337 |
174 Miscellaneous current and accrued | | |
assets (Schedule VIII) | 0 | 0 |
Total Current and Accrued Assets | 18,372 | 13,874 |
| | |
DEFERRED DEBITS | | |
| | |
181 Unamortized debt expense | 0 | 0 |
184 Clearing accounts | 548 | 0 |
186 Miscellaneous deferred debits (Schedule IX) | 6,625 | 4,412 |
188 Research, development, or demonstration | | |
expenditures (Schedule X) | 0 | 0 |
190 Accumulated deferred income taxes | 544 | 1,079 |
Total Deferred Debits | 7,717 | 5,491 |
| | |
TOTAL ASSETS AND OTHER DEBITS | $112,013 | $ 81,017 |
<PAGE> 4
ANNUAL REPORT OF Central and South West Services, Inc.
SCHEDULE I - COMPARATIVE BALANCE SHEET
(thousands)
|ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL | AS OF DECEMBER 31 |
| CURRENT | PRIOR |
| | |
PROPRIETARY CAPITAL | | |
| | |
201 Common stock issued (Schedule XI) | $ 100 | $ 100 |
211 Miscellaneous paid-in-capital (Schedule XI) | 0 | 0 |
215 Appropriated retained earnings (Schedule XI) | 0 | 0 |
216 Unappropriated retained | | |
earnings (Schedule XI) | 0 | 0 |
Total Proprietary Capital | 100 | 100 |
| | |
LONG-TERM DEBT | | |
| | |
223 Advances from associate | | |
companies (Schedule XII) | 0 | 0 |
224 Other long-term debt (Schedule XII) | 5,133 | 5,315 |
225 Unamortized premium on long-term debt | 0 | 0 |
226 Unamortized discount on long-term | | |
debt-debit | 0 | 0 |
Total Long-Term Debt | 5,133 | 5,315 |
| | |
CURRENT AND ACCRUED LIABILITIES | | |
| | |
231 Notes payable | 0 | 0 |
232 Accounts payable | 10,648 | 6,888 |
233 Notes payable to associate | | |
companies (Schedule XIII) | 84,396 | 59,613 |
234 Accounts payable to associate | | |
companies (Schedule XIII) | 525 | 599 |
236 Taxes accrued | 223 | (193)|
237 Interest accrued | 0 | 0 |
238 Dividends declared | 0 | 0 |
241 Tax collections payable | 718 | 570 |
242 Miscellaneous current and accrued | | |
liabilities (Schedule XIII) | 2,294 | 1,625 |
Total Current and Accrued Liabilities | 98,804 | 69,102 |
| | |
DEFERRED CREDITS | | |
| | |
253 Other deferred credits | 1,058 | 655 |
255 Accumulated deferred investment tax credits | 0 | 494 |
Total Deferred Credits | 1,058 | 1,149 |
| | |
282 ACCUMULATED DEFERRED INCOME TAXES | 6,918 | 5,351 |
| | |
| | |
| | |
TOTAL LIABILITIES AND PROPRIETARY CAPITAL | $112,013 |$ 81,017 |
<PAGE> 5
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE II - SERVICE COMPANY PROPERTY
(thousands)
<TABLE>
<CAPTION>
| | BALANCE AT| |RETIREMENTS| | BALANCE |
| | BEGINNING | | OR | OTHER(1)| AT CLOSE |
| DESCRIPTION | OF YEAR | ADDITIONS | SALES | CHANGES | OF YEAR |
| | | | | |
Service Company Property | | | | | |
| | | | | |
Account | | | | | |
<C> <S> <C> <S> <C> <C> <S> <C> <S> <C> <S> <C>
| | | | | |
301 Organization | $ 0 | $ - | $ - | $ - | $ 0 |
| | | | | |
303 Miscellaneous | | | | | |
Intangible Plant | 1,060 | - | - | - | 1,060 |
| | | | | |
304 Land and Land Rights | 6,381 | - | - | - | 6,381 |
| | | | | |
305 Structures and | | | | | |
Improvements | 15,003 | 10,455 | - | 15,361 | 40,819 |
| | | | | |
306 Leasehold | | | | | |
Improvements | 394 | 50 | (357) | - | 87 |
| | | | | |
307 Equipment (2) | 12,428 | 3,299 | (518) | (47)| 15,162 |
| | | | | |
308 Office Furniture | | | | | |
and Equipment | 6,087 | 4,185 | (1,641) | 13 | 8,644 |
| | | | | |
309 Automobiles, Other | | | | | |
Vehicles and | | | | | |
Related Garage | | | | | |
Equipment | 3 | 169 | (2) | - | 170 |
| | | | | |
310 Aircraft and | | | | | |
Airport Equipment | 14,228 | 12,012 | (440) | (1,155)| 24,645 |
| | | | | |
311 Other Service Company | | | | | |
Property (3) | 38 | 35 | - | - | 73 |
| | | | | |
SUB-TOTAL | $ 55,622 | $ 30,205 | $ (2,958) | $ 14,172 | $ 97,041 |
| | | | | |
107 Construction Work In | | | | | |
Progress (4) | 15,374 | - | - | (15,374)| 0 |
| | | | | |
TOTAL | $ 70,996 | $ 30,205 | $ (2,958) | $ (1,202)| $ 97,041 |
(1) Provide an explanation of those changes considered material:
305: $15,361, 308: $13, and 107: $(15,374) represent the utilization of
the new addition to the structure.
<PAGE> 5a
SCHEDULE II - CONTINUED
(thousands)
(2) Subaccounts are required for each class of equipment owned. The service
company shall provide a listing by subaccount of equipment additions during the
year and the balance at the close of the year:
| | | BALANCE |
| | | AT CLOSE |
| SUBACCOUNT DESCRIPTION | ADDITIONS | OF YEAR |
| | |
Account 307 - Equipment | | |
Copy Machines | $ - | $ 353 |
Data Processing Equipment | 2,567 | 11,575 |
Microfilm/Microfiche | - | 25 |
Communications Equipment | 662 | 2,314 |
Other | 70 | 895 |
| | |
| | |
| | |
TOTAL | $ 3,299 | $15,162 |
(3) Describe Other Service Company Property:
Refrigerators/Ice Makers | $ - | $ 13 |
Appliances | 6 | 15 |
Portable Loading Ramp | - | 4 |
Power Wench | - | 1 |
Portable Generator/Submersible Pump | - | 1 |
10' Expandable Display | - | 1 |
Soft Drink Vending Machines | - | 4 |
Electric Trimmer | - | 2 |
Projector | - | 3 |
Aerial Work Platform | 7 | 7 |
Power Punch Machine | 3 | 3 |
Exercise Equipment | 19 | 19 |
| $ 35 | $ 73 |
_______________________________________________________________________________
(4) Describe Construction Work in Progress:
N/A
</TABLE>
<PAGE> 6
<TABLE>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE III
<CAPTION>
ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY
(thousands)
| | | | | OTHER | |
| | BALANCE AT| | | CHANGES | BALANCE |
| | BEGINNING | | | ADD | AT CLOSE |
| DESCRIPTION | OF YEAR | ADDITIONS |RETIREMENTS|(DEDUCT)(1)| OF YEAR |
<C> <S> <C> <S> <C> <S> <C> <S> <C> <S> <C> <S> <C>
| | | | | |
Account | | | | | |
| | | | | |
301 Organization | $ 0 | $ - | $ - | $ - | $ 0 |
| | | | | |
303 Miscellaneous | | | | | |
Intangible Plant | 177 | 151 | - | - | 328 |
| | | | | |
304 Land and Land Rights | 0 | - | - | - | 0 |
| | | | | |
305 Structures and | | | | | |
Improvements | 1,024 | 714 | - | - | 1,738 |
| | | | | |
306 Leasehold | | | | | |
Improvements | 370 | 22 | (357)| - | 35 |
| | | | | |
307 Equipment | 4,376 | 2,121 | (518)| - | 5,979 |
| | | | | |
308 Office Furniture and | | | | | |
Equipment | 3,121 | 723 | (1,641)| - | 2,203 |
| | | | | |
309 Automobiles, Other | | | | | |
Vehicles and Related | | | | | |
Garage Equipment | 2 | 12 | (2)| - | 12 |
| | | | | |
310 Aircraft and Airport | | | | | |
Equipment | 2,068 | 713 | (440)| - | 2,341 |
| | | | | |
311 Other Service Company | | | | | |
Property | 15 | 5 | - | - | 20 |
| | | | | |
| | | | | |
TOTALS | $ 11,153 | $ 4,461 | $ (2,958)| $ - | $ 12,656 |
(1) Provide an explanation of those changes considered material:
None
</TABLE>
<PAGE> 7
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE IV - INVESTMENTS
(thousands)
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124 "Other Investments", state each investment separately,
with description, including the name of issuing company, number of shares or
principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each investment
separately.
| | BALANCE AT | BALANCE AT |
| DESCRIPTION | BEGINNING OF YEAR | CLOSE OF YEAR |
| | |
Account 123 - Investment in Associate | | |
Companies | $ 0 | $ 0 |
| | |
Account 124 - Other Investments | | |
| | |
Lumbermen's Investment Corporation | | |
Purchase of Mortgages | $ 190 | $ 0 |
Preston Trail Golf Club | | |
Purchase of Memberships | 328 | 263 |
Lakewood Country Club | | |
Purchase of Membership | 16 | 16 |
Northwood Club | | |
Purchase of Memberships | 124 | 124 |
River Bend Golf and Country Club | | |
Purchase of Membership | 5 | 5 |
Brook Hollow Golf Club | | |
Purchase of Membership | 80 | 80 |
Las Colinas Sports Club | | |
Purchase of Membership | 15 | 15 |
Bent Tree Country Club | | |
Purchase of Membership | 0 | 30 |
Texas Stadium | | |
Purchase of Texas Stadium Box Seats | 986 | 920 |
Gleneagles Country Club | | |
Purchase of Memberships | 33 | 48 |
Oak Cliff Country Club | | |
Purchase of Membership | 2 | 2 |
Barton Creek Club | | |
Purchase of Membership | 30 | 30 |
El Paso Country Club | | |
Purchase of Membership | 0 | 6 |
| | |
TOTAL | $1,809 | $1,539 |
| | |
Account 136 - Temporary Cash Investments| $ 0 | $ 0 |
| | |
TOTAL | $1,809 | $1,539 |
<PAGE> 8
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
(thousands)
INSTRUCTIONS:
Complete the following schedule listing accounts receivable from each
associate company. Where the service company has provided accommodation
or convenience payments for associate companies, a separate listing of
total payments for each associate company by subaccount should be provided.
______________________________________________________________________________
| | BALANCE AT | BALANCE AT |
| DESCRIPTION |BEGINNING OF YEAR | CLOSE OF YEAR |
| | |
Account 146 - Accounts Receivable from | | |
Associate Companies | | |
| | |
Central and South West Corporation | $ 2,150 | $(1,899) |
Central Power and Light Company | 3,235 | 2,833 |
Public Service Company of Oklahoma | 2,341 | 2,196 |
Southwestern Electric Power Company | 2,492 | 1,986 |
West Texas Utilities Company | 1,288 | 7,041 |
Transok, Inc. | 512 | 407 |
CSW Credit, Inc. | 140 | 96 |
CSW Energy, Inc. | 352 | 142 |
| | |
TOTAL | $12,510 | $12,802 |
| | |
| | |
Analysis of Convenience or | | |
Accommodation Payments | | |
| | |
Central and South West Corporation | $(4,228) |
Central Power and Light Company | 498 |
Public Service Company of Oklahoma | 322 |
Southwestern Electric Power Company | 314 |
West Texas Utilities Company | 6,029 |
Transok, Inc. | 98 |
CSW Credit, Inc. | 85 |
CSW Energy, Inc. | 452 |
| |
| |
TOTAL PAYMENTS | $ 3,570 |
The majority of convenience payments consists of taxes, corporate
insurance, relocation expenses, membership dues, equipment and deferred
compensation payments.
<PAGE> 9
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
(thousands)
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to fuel stock expenses during the year and indicate amount attributable to
each associate company. Under the section headed "Summary" listed below give
an overall report of the fuel functions performed by the service company.
________________________________________________________________________________
| DESCRIPTION | LABOR | EXPENSES | TOTAL |
| | | |
Account 152 - Fuel Stock Expenses | | | |
Undistributed | $ 0 | $ 0 | $ 0 |
| | | |
| | | |
| | | |
| | | |
| | | |
TOTAL | $ 0 | $ 0 | $ 0 |
_______________________________________________________________________________
Summary:
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
(thousands)
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable to each
associate company.
________________________________________________________________________________
| DESCRIPTION | LABOR | EXPENSES | TOTAL |
| | | |
Account 163 - Stores Expense | | | |
Undistributed | $ 0 | $ 0 | $ 0 |
| | | |
| | | |
| | | |
| | | |
| | | |
TOTAL | $ 0 | $ 0 | $ 0 |
<PAGE> 10
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE VIII - MISCELLANEOUS CURRENT AND ACCRUED ASSETS
(thousands)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
_______________________________________________________________________________
| | BALANCE AT | BALANCE AT |
| DESCRIPTION | BEGINNING OF YEAR | CLOSE OF YEAR |
| | |
Account 174 - Miscellaneous Current and | | |
Accrued Assets | | |
| $ 0 | $ 0 |
| | |
TOTAL | $ 0 | $ 0 |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
(thousands)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class, showing the number of items in each class.
_______________________________________________________________________________
| | BALANCE AT | BALANCE AT |
| DESCRIPTION | BEGINNING OF YEAR | CLOSE OF YEAR |
| | |
Account 186 - Miscellaneous Deferred | | |
Debits | | |
Deferred Travel Costs | $ 173 | $ 259 |
Prepaid Pension Expense | 3,505 | 4,945 |
Deferred Software Costs | 228 | 24 |
Deferred Project Costs | 506 | 1,397 |
| | |
TOTAL | $ 4,412 | $ 6,625 |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
(thousands)
INSTRUCTIONS: Provide a description of each material research, development,
or demonstration project which incurred costs by the service corporation during
the year.
________________________________________________________________________________
| DESCRIPTION | AMOUNT |
| |
Account 188 - Research, Development, or Demonstration | |
Expenditures | $ 0 |
| |
TOTAL | $ 0 |
<PAGE> 11
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XI - PROPRIETARY CAPITAL
(dollars in thousands except per share amounts)
______________________________________________________________________________
| | NUMBER | PAR OR | OUTSTANDING CLOSE |
|ACCOUNT NUMBER CLASS OF STOCK | OF | STATED | OF PERIOD |
| SHARES | VALUE | |
|AUTHORIZED|PER SHARE| NO. OF |TOTAL AMOUNT|
| | | SHARES | |
201 COMMON STOCK ISSUED | 10,000 | $ 10 | 10,000| $ 100 |
INSTRUCTIONS:
Classify amounts in each account with brief explanation, disclosing the
general nature of transactions which give rise to the reported amounts.
_______________________________________________________________________________
DESCRIPTION | AMOUNT |
| |
Account 211 - Miscellaneous Paid-In Capital | $ 0 |
| |
Account 215 - Appropriated Retained Earnings | $ 0 |
| |
_______________________________________________________________________________
TOTAL | $ 0 |
INSTRUCTIONS:
Give particulars concerning net income or (loss) during the year,
distinguishing between compensation for the use of capital owed or net
loss remaining from servicing nonassociates per the General Instructions
of the Uniform System of Accounts. For dividends paid during the year in
cash or otherwise, provide rate percentage, dividend, date declared and
date paid.
_______________________________________________________________________________
| | BALANCE AT |NET INCOME|DIVIDENDS| BALANCE AT |
| DESCRIPTION |BEGINNING OF YEAR| OR (LOSS)| PAID |CLOSE OF YEAR|
| | | | |
Account 216-Unappropriated| | | | |
Retained Earnings| $ 0 | $ 0 | $ 0 | $ 0 |
| | | | |
TOTAL | $ 0 | $ 0 | $ 0 | $ 0 |
<PAGE> 12
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XII - LONG-TERM DEBT
(thousands)
INSTRUCTIONS:
Advances from associate companies should be reported separately for advances on
notes and advances on open account. Names of associate companies from which
advances were received shall be shown under the class and series of obligation
column. For Account 224 - Other long-term debt provide the name of creditor
company or organization, terms of the obligation, date of maturity, interest
rate, and the amount authorized and outstanding.
<TABLE>
<CAPTION>
_____________________________________________________________________________________________________________________________
| |TERMS OF OBLIGATION| | | |BALANCE AT| | |BALANCE |
| | CLASS & SERIES | DATE OF |INTEREST | AMOUNT | BEGINNING| | 1|AT CLOSE|
| NAME OF CREDITOR | OF OBLIGATION | MATURITY| RATE |AUTHORIZED| OF YEAR | ADDITIONS |DEDUCTIONS|OF YEAR |
<C> <S> <C> <S> <C> <S> <C> <S> <C> <C> <S> <C>
| | | | | | | | |
Account 223 - Advances | | | | | | | | |
From Associate | | | | | | | | |
Companies: | | | | | $ 0 | - | - | $ 0 |
| | | | | | | | |
Account 224 - Other | | | | | | | | |
Long-Term Debt: | | | | | | | | |
Southwestern Life |30 Year Real Estate| | | | | | | |
Insurance Co. | Note | 2/1/2008| 9% | $ 5,840 | $ 5,315 | $ - | $ 182 | $5,133 |
| | | | | | | | |
TOTAL | | | | $ 5,840 | $ 5,315 | $ - | $ 182 | $5,133 |
</TABLE>
1
Give an explanation of deductions:
Central and South West Services, Inc. assumed the note on an office
building purchased in June, 1989. Deductions in the balance of the note
are the result in principal payments.
<PAGE> 13
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
(thousands)
INSTRUCTIONS:
Provide balance of notes and accounts payable to each associate company. Give
description and amount of miscellaneous current and accrued liabilities. Items
less than $10,000 may be grouped, showing the number of items in each group.
_______________________________________________________________________________
| | BALANCE AT | BALANCE AT |
| DESCRIPTION | BEGINNING OF YEAR | CLOSE OF YEAR |
Account 233 - Notes Payable to Associate| | |
Companies | | |
| | |
Central and South West Corporation | $59,613 | $84,396 |
| | |
| | |
TOTAL | $59,613 | $84,396 |
| | |
| | |
| | |
Account 234 - Accounts Payable to | | |
Associate Companies | | |
| | |
Central and South West Corporation | $ 599 | $ 525 |
| | |
| | |
TOTAL | $ 599 | $ 525 |
| | |
| | |
| | |
Account 242 - Miscellaneous Current and | | |
Accrued Liabilities | | |
| | |
Accrued Vacation | $ 1,359 | $ 1,907 |
CSW Employee Thrift Plan | 217 | 260 |
United Way | 26 | 53 |
Fitness Plan | 14 | 37 |
Credit Union | 0 | 40 |
Medical Plan | 0 | (14) |
Other (9) | 9 | 11 |
TOTAL | $ 1,625 | $ 2,294 |
<PAGE> 14
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the end of the year. Notes
relating to financial statements shown elsewhere in this report may be indicated
here by reference.
1. Summary of Significant Accounting Policies
Central and South West Services, Inc. (Company or CSWS) follows the Uniform
System of Accounts for Mutual Service Companies and Subsidiary Service Companies
prescribed by the Securities and Exchange Commission. The Company, as a member
of the Central and South West System (CSW System), performs at cost various
accounting, engineering, tax,legal, financial, electronic data processing,
centralized economic dispatching of electric power and other services for the
CSW System companies.
Depreciation: For financial reporting purposes, provisions for depreciation
of property are computed by the Company using the straight-line method,
generally at individual rates applied to the various classes of depreciable
property. The annual composite rates averaged 5.85% and 6.83% for 1993 and
1992, respectively.
Federal Income Taxes: The Company, together with other members of the CSW
System, files a consolidated Federal income tax return. The provision for
deferred Federal income taxes resulted principally from the tax deductions under
accelerated methods of depreciation, as provided by Federal income tax laws,
being greater than these expenses for book purposes.
Investment tax credits deferred in prior years are included in income over
the lives of the related properties.
2. Benefit Plans
The Company, together with other members of the CSW System, participates in
a non-contributory defined benefit pension plan covering substantially all its
employees. Benefits are based on employee's years of service, age at retirement
and compensation. The CSW System's funding policy is based on actuarially
determined contributions, taking into account amounts deductible for income tax
purposes and minimum contributions required by the Employee Retirement Income
Security Act of 1974, as amended. Pension Plan assets consist primarily of
common stocks and short-term and intermediate-term fixed income investments.
The components of net periodic pension cost and the assumptions used in
accounting for pensions are as follows:
1993 1992
(thousands) (thousands)
Net Periodic Pension Cost
Service cost $ 1,416 $ 1,192
Interest cost on projected
benefit obligation 4,032 3,373
Actual return on plan assets (4,898) (2,897)
Net amortization and deferral 18 (1,313)
$ 568 $ 355
Assumptions
Discount rate 7.8% 8.5%
Long-term compensation increase 5.5% 6.0%
Return on plan assets 9.5% 9.5%
<PAGE> 14a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
2. Benefit Plans (continued)
As of December 31, 1993 and 1992, the plan's net assets exceeded the total
actuarial present value of accumulated benefit obligations.
In addition to the pension plan, the Company also participates, with other
members of the CSW System, in medical and death benefit plans for substantially
all active employees and retirees from the CSW System. The Company's cost
of providing those benefits was $1,806,810 in 1993, covering 522 active
employees and 32 retirees; in 1992, the cost was $778,000 covering 500 active
employees and 27 retirees.
3. Accounting Changes
Effective January 1, 1993, the Company adopted SFAS No. 106, Employers'
Accounting for Postretirement Benefits Other Than Pensions and SFAS 112,
Employers' Accounting for Postretirement Benefits. The Company also adopted
SFAS No. 109, Accounting for Income Taxes.
The Company has adopted SFAS No. 107, Disclosures about Fair Value of
Financial Instruments, issued in December 1991. SFAS No. 107 requires
disclosure of the fair value of financial instruments for which it is
practicable to estimate fair value, including the methods and assumptions
used to estimate fair value. Fair value is the amount that could be
received in a current transaction between willing parties, other than in a
forced or liquidation sale. Fair value is quoted market price or, in the
absence of a quoted market price, management's best estimate of fair value.
4. Financial Instruments
The following methods and assumptions were used to estimate the fair
value of each class of financial instruments for which it is practicable
to estimate fair value.
Cash and temporary cash investments.
The carrying amount approximates fair value because of the short maturity
of those instruments.
Short-term debt.
The carrying amount approximates fair value because of the short maturity
of those instruments.
Long-term debt.
The fair value of the Company's long-term debt is estimated based on quoted
market prices for the same or similar issues or on the current rates
offered to the Company for debt of the same remaining maturities.
<PAGE> 14b
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
Long-term debt (continued)
The estimated fair value of the Company's financial instruments are as
follows:
1993
(thousands)
Carrying Fair
Amount Value
Cash and temporary cash
investments $ 2 $ 2
Short-term debt 84,396 84,396
Long-term debt 5,133 5,133
5. Short-Term Financing
The Company, together with other members of the CSW System, has established
a money pool to coordinate short-term borrowings and to make borrowings outside
the money pool through the issuance of commercial paper and from banks. At
December 31, 1993, the CSW System had bank lines of credit aggregating $797
million.
<PAGE> 15
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XV - COMPARATIVE INCOME STATEMENT
(thousands)
|ACCOUNT DESCRIPTION | CURRENT | PRIOR |
| | YEAR | YEAR |
INCOME | | |
| | |
457 Services rendered to associate companies | $131,724 | $ 94,137 |
458 Services rendered to nonassociate companies | 4 | 30 |
421 Miscellaneous income or loss | 64 | 107 |
| | |
TOTAL INCOME | 131,792 | 94,274 |
| | |
| | |
| | |
EXPENSES | | |
| | |
920 Salaries and wages | 33,325 | 28,887 |
921 Office supplies and expenses | 15,391 | 11,486 |
922 Administrative expense transferred - credit | (922)| (457)|
923 Outside services employed | 37,344 | 22,946 |
924 Property insurance | 69 | 11 |
925 Injuries and damages | 128 | 87 |
926 Employee pensions and benefits | 6,509 | 3,294 |
928 Regulatory commission expense | 0 | 1 |
930.1 General advertising expenses | 201 | 165 |
930.2 Miscellaneous general expenses | 7,359 | 2,774 |
931 Rents | 12,833 | 12,645 |
932 Maintenance of structures and equipment | 7,512 | 3,117 |
403 Depreciation and amortization expense | 4,462 | 3,564 |
408 Taxes other than income taxes | 2,983 | 2,471 |
409 Income taxes | (1,911)| (796)|
410 Provision for deferred income taxes | 2,231 | 660 |
411 Provision for deferred income taxes - credit | 49 | (46)|
411.5 Investment tax credit | 160 | 166 |
426.1 Donations | 458 | 202 |
426.5 Other deductions | 1,185 | 913 |
427 Interest on long-term debt | 464 | 527 |
430 Interest on debt to associate companies | 1,965 | 1,557 |
431 Other interest expense | (3)| 100 |
| | |
TOTAL EXPENSE | 131,792 | 94,274 |
| | |
| | |
NET INCOME OR (LOSS) | $ 0 | $ 0 |
<PAGE> 16
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
ANALYSIS OF BILLING
ASSOCIATE COMPANIES - ACCOUNT 457
(thousands)
_____________________________________________________________________________
| | DIRECT | INDIRECT | COMPENSATION | TOTAL |
| | COSTS | COSTS | FOR USE | AMOUNT |
| NAME OF ASSOCIATE COMPANY | CHARGED | CHARGED | OF CAPITAL | BILLED |
| 457-1 | 457-2 | 457-3 | |
| | | | |
Central and South West |$ 25,471 | $ 6,529 | $ 260 | $ 32,260 |
Corporation | | | | |
Central Power and Light | 24,051 | 7,524 | 544 | 32,119 |
Company | | | | |
Public Service Company of | 17,826 | 4,521 | 369 | 22,716 |
Oklahoma | | | | |
Southwestern Electric Power | 19,119 | 4,890 | 416 | 24,425 |
Company | | | | |
West Texas Utilities Company | 8,902 | 2,482 | 191 | 11,575 |
| | | | |
Transok, Inc. | 3,610 | 1,038 | 86 | 4,734 |
| | | | |
CSW Credit, Inc. | 495 | - | 10 | 505 |
| | | | |
CSW Energy, Inc. | 3,229 | 72 | 89 | 3,390 |
| | | | |
| | | | |
| | | | |
| | | | |
TOTAL |$ 102,703 | $ 27,056 | $ 1,965 | $131,724 |
<PAGE> 17
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES - ACCOUNT 458
(thousands)
INSTRUCTION:
Provide a brief description of the services rendered to each nonassociate
company:
<TABLE>
<CAPTION>
________________________________________________________________________________________________
| | DIRECT | INDIRECT | COMPENSATION| | EXCESS | TOTAL |
| | COST | COST | FOR USE |TOTAL | OR | AMOUNT |
|NAME OF NONASSOCIATE COMPANY| CHARGED | CHARGED | OF CAPITAL | COST | DEFICIENCY | BILLED |
| 458-1 | 458-2 | 458-3 | | 458-4 | |
<C> <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | |
1. Risk Management Trust | $ 3 | - | - | $ 3 | - | $ 3 |
2. UDI, Inc. | 1 | - | - | 1 | - | 1 |
| | | | | | |
| | | | | | |
TOTAL | $ 4 | - | - | $ 4 | - | $ 4 |
1. Tax Services - Cost of preparing income tax returns.
2. Software sales of a specially developed software program for the
analysis of utility financial and operating statistics.
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES
(thousands)
Instruction: Total cost of service will equal for associate and nonassociate companies the total amount billed under their
separate analysis of billing schedules.
| | ASSOCIATE COMPANY CHARGES |NONASSOC. COMPANY CHARGES| TOTAL CHARGES FOR SERVICE |
| | DIRECT | INDIRECT| | DIRECT |INDIRECT| | DIRECT | INDIRECT | |
|ACCOUNT DESCRIPTION OF ITEMS | COST | COST | TOTAL | COST | COST | TOTAL | COST | COST | TOTAL |
<C> <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
920 Salaries and Wages | $21,528 | $11,796 | $33,324 |$ 1 | $ - |$ 1 | $21,529 | $ 11,796 | $33,325 |
921 Office Supplies and Expenses | 10,065 | 5,326 | 15,391 | - | - | - | 10,065 | 5,326 | 15,391 |
922 Administrative Expense | | | | | | | | | |
Transferred-Credit | 3,834 | (4,760)| (926)| 4 | - | 4 | 3,838 | (4,760)| (922)|
923 Outside Services Employed | 31,686 | 5,658 | 37,344 | - | - | - | 31,686 | 5,658 | 37,344 |
924 Property Insurance | 69 | - | 69 | - | - | - | 69 | - | 69 |
925 Injuries and Damages | 128 | - | 128 | - | - | - | 128 | - | 128 |
926 Employee Pensions and Benefits| 4,133 | 2,375 | 6,508 | 1 | - | 1 | 4,134 | 2,375 | 6,509 |
928 Regulatory Commission Expense | - | - | - | - | - | - | - | - | - |
930.1 General Advertising Expenses | 164 | 37 | 201 | - | - | - | 164 | 37 | 201 |
930.2 Miscellaneous General Expenses| 6,185 | 1,174 | 7,359 | - | - | - | 6,185 | 1,174 | 7,359 |
931 Rents | 10,142 | 2,691 | 12,833 | - | - | - | 10,142 | 2,691 | 12,833 |
932 Maintenance of Structures and | | | | | | | | | |
Equipment | 6,652 | 860 | 7,512 | - | - | - | 6,652 | 860 | 7,512 |
403 Depreciation and Amortization | | | | | | | | | |
Expense | 1,433 | 3,029 | 4,462 | - | - | - | 1,433 | 3,029 | 4,462 |
408 Taxes Other than Income Taxes | 1,423 | 1,559 | 2,982 | 1 | - | 1 | 1,424 | 1,559 | 2,983 |
409 Income Taxes | (1,911)| - | (1,911)| - | - | - | (1,911)| - | (1,911)|
410 Provision for Deferred Income | | | | | | | | | |
Taxes | 2,231 | - | 2,231 | - | - | - | 2,231 | - | 2,231 |
411 Provision for Deferred Income | | | | | | | | | |
Taxes - Credit | 49 | - | 49 | - | - | - | 49 | - | 49 |
411.5 Investment Tax Credit | 160 | - | 160 | - | - | - | 160 | - | 160 |
426.1 Donations | 359 | 99 | 458 | - | - | - | 359 | 99 | 458 |
426.5 Other Deductions | 1,017 | 168 | 1,185 | - | - | - | 1,017 | 168 | 1,185 |
427 Interest on Long-Term Debt | - | 464 | 464 | - | - | - | - | 464 | 464 |
431 Other Interest Expense | (1)| (2)| (3)| - | - | - | (1)| (2)| (3)|
TOTAL EXPENSES | 99,346 | 30,474 | 129,820 | 7 | - | 7 | 99,353 | 30,474 | 129,827 |
Compensation for Use of Equity| | | | | | | | | |
Capital | | | | | | | | | |
430 Interest on Debt to Associate | | | | | | | | | |
Companies | 1,965 | - | 1,965 | - | - | - | 1,965 | - | 1,965 |
TOTAL COST OF SERVICE |$101,311 | $30,474 |$131,785 |$ 7 | $ - |$ 7 |$101,318 | $ 30,474 |$131,792 |
</TABLE>
<PAGE> 19a
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XVII - SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands)
Instruction:
Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
________________________________________________________________________________________________________________________
| DEPARTMENT OR SERVICE FUNCTION |
| ACCOUNT | | | | | | | | |
| NUMBER | CORP SVCS | CONTROLLER | INFO SERVICES|TREASURY | AUDITS | GOVT REL | CORP DEV | FUEL |
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | |
920 | $ 3,646 | $ 1,867 | $ 8,435 |$ 1,243 | $ 531 |$ 916 | $ 5,967 |$ 822 |
921 | 2,909 | 255 | 1,986 | 1,805 | 143 | 483 | 2,553 | 132 |
922 | - | - | - | - | - | - | - | - |
923 | 4,384 | 1,010 | 6,680 | 734 | 28 | 536 | 16,762 | 398 |
924 | 67 | - | - | - | - | 2 | - | - |
925 | 128 | - | - | - | - | - | - | - |
926 | 5,398 | 1 | 49 | - | 17 | - | 945 | 3 |
928 | - | - | - | - | - | - | - | - |
930.1 | 72 | - | - | 118 | - | - | 8 | - |
930.2 | 1,891 | 11 | 3,758 | 383 | - | 15 | 210 | 18 |
931 | 704 | 109 | 9,287 | 65 | 14 | 270 | 369 | 20 |
932 | 5,527 | - | 1,143 | 4 | - | 14 | 8 | - |
403 | - | 1,433 | - | - | - | - | - | - |
408 | - | 2,241 | 1 | - | - | - | - | - |
409 | - | (1,911)| - | - | - | - | - | - |
410 | - | 2,231 | - | - | - | - | - | - |
411 | - | 49 | - | - | - | - | - | - |
411.5 | - | 160 | - | - | - | - | - | - |
426.1 | 405 | 1 | 1 | - | - | 6 | 23 | - |
426.5 | 289 | 833 | 5 | 1 | - | 23 | 16 | - |
427 | - | - | - | - | - | - | - | - |
430 | - | - | - | 1,965 | - | - | - | - |
431 | - | (3)| - | - | - | - | - | - |
| | | | | | | | |
TOTAL EXPENSES | $ 25,420 | $ 8,287 | $ 31,345 |$ 6,318 | $ 733 |$ 2,265 | $ 26,861 | $ 1,393 |
</TABLE>
<PAGE> 20
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920
(thousands)
_______________________________________________________________________________
| | DEPARTMENTAL SALARY EXPENSE | |
| NAME OF DEPARTMENT | | INCLUDED IN AMOUNTS BILLED TO | NUMBER OF |
|INDICATE EACH DEPARTMENT | TOTAL | PARENT| OTHER | NON | PERSONNEL |
| OR SERVICE FUNCTION | AMOUNT |COMPANY| ASSOCIATES |ASSOCIATES|END OF YEAR|
| | | | | |
Executive |$ 2,224 |$ 1,536| $ 688 | $ - | 14 |
Technical Services | 1,042 | 227| 815 | - | 10 |
Power Engineering and | | | | | |
Construction | 1,995 | 94| 1,901 | - | 26 |
Engineering | 3,068 | 89| 2,979 | - | 39 |
Legal | 968 | 319| 649 | - | 6 |
Corporate Services (1) | 4,165 | 429| 3,736 | - | 83 |
Controller | 1,867 | 772| 1,094 | 1 | 34 |
Information Services (2)| 8,517 | 125| 8,392 | - | 131 |
Treasury | 1,243 | 251| 992 | - | 29 |
Audits | 531 | 65| 466 | - | 7 |
Governmental Relations | 916 | 151| 765 | - | 14 |
Corporate Development | 5,967 | 2,643| 3,324 | - | 10 |
Fuel | 822 | 9| 813 | - | 8 |
TOTAL |$33,325 |$ 6,710| $ 26,614 | $ 1 | 411 |
(1) Total amount includes $519,000 of salaries shown as Overhead on Schedule
XVII.
(2) Total amount includes $82,000 of salaries shown as Overhead on Schedule
XVII.
<PAGE> 21
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
INSTRUCTIONS:
Provide a breakdown by subaccount of outside services employed. If the
aggregate amounts paid to any one payee and included within one subaccount is
less than $25,000, only the aggregate number and amount of all such payments
included within the subaccount need be shown. Provide a subtotal for each type
of service.
_______________________________________________________________________________
| | |RELATIONSHIP | |
| | |"A"-ASSOCIATE| |
| | |"NA" - NON | |
| FROM WHOM PURCHASED | ADDRESS | ASSOCIATE | AMOUNT |
| | | |
A/C 9230 7410 | | | |
Auditing Services | | | |
Arthur Andersen & Co. | Dallas, TX | NA | $ 388 |
Other (3) | - | NA | 19 |
| | | $ 407 |
A/C 9230 7420 | | | |
Legal Services | | | |
American Electric | | | |
Power Service Co. | Palatine, IL | NA | $ 33 |
Arter & Hadden | Columbus, OH | NA | 132 |
Broyles & Pratt | Corpus Christi, TX | NA | 868 |
Bracewell & Patterson | Houston, TX | NA | 246 |
Clark, Thomas, | | | |
Winters & Newton | Austin, TX | NA | 207 |
Financo, Inc. | Austin, TX | NA | 58 |
Fischer, Jim P. | Jefferson City, Mo. | NA | 33 |
Hance & Gamble | Austin, TX | NA | 62 |
Haynes & Boone | Dallas, TX | NA | 321 |
Hughes & Luce | Dallas, TX | NA | 52 |
Jones, Day, Reavis | | | |
& Pogus | Chicago, IL | NA | 1,023 |
Keller & Heckman | Washington, D.C. | NA | 126 |
Lavender, et al | Texarkana, AR | NA | 32 |
Loeffler & Assoc. | San Antonio, TX | NA | 52 |
Milbank, Tweed, | | | |
Hadley & McCloy | New York, NY | NA | 6,870 |
Morgan Stanley | New York, NY | NA | 1,000 |
Peabody, L.E. | Alexandria, VA | NA | 31 |
Putnam, Hayes & Assoc.| Cambridge, MA | NA | 46 |
Redford, Wray & | | | |
Woolsey | Corpus Christi, TX | NA | 44 |
Scott, Madden & Assoc.| Raleigh, NC | NA | 83 |
Shannon & Weide | San Antonio, TX | NA | 50 |
Sheinfeld, Maley | Houston, TX | NA | 289 |
Sidley & Austin | Chicago, IL | NA | 296 |
Simons, Cuddy & Assoc.| Santa Fe, NM | NA | 71 |
Slover & Loftus | Washington, D.C. | NA | 49 |
Steinmeier, Will | Jefferson City, MO | NA | 36 |
Vinson & Elkins | Dallas, TX | NA | 753 |
Wilson & Najjar | Santa Fe, NM | NA | 82 |
Wilson Consulting | Alpharetta, GA | NA | 35 |
Other (37) | - | NA | 284 |
| | | $ 13,264 |
<PAGE> 21a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
_______________________________________________________________________________
| | |RELATIONSHIP | |
| | |"A"-ASSOCIATE| |
| | |"NA" - NON | |
| FROM WHOM PURCHASED | ADDRESS | ASSOCIATE | AMOUNT |
| | | |
A/C 9230 7430 | | | |
System Design & | | | |
Consulting Services | | | |
Andersen Consulting | Dallas, TX | NA | $ 138 |
Arthur Andersen | Dallas, TX | NA | 34 |
Business Information | Philadelphia, PA | NA | 169 |
Cate Genelle | San Jose, CA | NA | 87 |
Computer People | Newark, NJ | NA | 43 |
Cook - Jackson | Dallas, TX | NA | 65 |
Cutler/Williams | Dallas, TX | NA | 85 |
EPRI | Palo Alto, CA | NA | 85 |
Howard Systems | New York, NY | NA | 373 |
IBM | Dallas, TX | NA | 360 |
Independent Mgmt Svcs | Dallas, TX | NA | 402 |
James Martin & Assoc. | Merrifield, VA | NA | 1,018 |
Map Frame Corp | Dallas, TX | NA | 236 |
Montare International | Dallas, TX | NA | 90 |
Platinum Technology | Dallas, TX | NA | 113 |
Software Architects | Westchester, IL | NA | 102 |
Software Solution | Dallas, TX | NA | 27 |
Titan Consulting | Dallas, TX | NA | 208 |
UGC Consulting | Denver, CO | NA | 108 |
Other (16) | - | NA | 137 |
| | | $ 3,880 |
| | | |
| | | |
A/C 9230 7450 | | | |
Temporary Services | | | |
Dicker Temporary | Dallas, TX | NA | $ 69 |
G.A.S. Unlimited | Houston, TX | NA | 44 |
Imprimis | Dallas, TX | NA | 80 |
Manpower, Inc. | Dallas, TX | NA | 131 |
Multi Service | Kansas City, MO | NA | 32 |
Omni Training | Dallas, TX | NA | 63 |
Pro Staff | Dallas, TX | NA | 42 |
T.A.D. | Charlotte, NC | NA | 76 |
Today's Temporary | Dallas, TX | NA | 63 |
Vinson & Associates | Dallas, TX | NA | 923 |
Wordtemps | Dallas, TX | NA | 151 |
Other (28) | - | NA | 140 |
| | | $ 1,814 |
| | | |
| | | |
| | | |
| | | |
<PAGE> 21b
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
_______________________________________________________________________________
| | |RELATIONSHIP | |
| | |"A"-ASSOCIATE| |
| | |"NA" - NON | |
| FROM WHOM PURCHASED | ADDRESS | ASSOCIATE | AMOUNT |
| | | |
A/C 9230 7460 | | | |
Engineering Services | | | |
Cook - Jackson | Dallas, TX | NA | $ 49 |
Energy Management | Charlotte, NC | NA | 605 |
EPRI | Palo Alto, CA | NA | 130 |
Espey, Huston & Assoc.| Dallas, TX | NA | 127 |
Power Technology | New York, NY | NA | 45 |
Sargent & Lundy | Chicago, IL | NA | 39 |
Simon, Richard | Mill Valley, CA | NA | 55 |
Stone & Webster | Boston, MA | NA | 120 |
Sun Technical Services| Mission Viejo, CA | NA | 755 |
Tippett & Gee | Abilene, TX | NA | 31 |
Tobin Research | San Antonio, TX | NA | 29 |
Other (20) | - | NA | 109 |
| | | $ 2,094 |
| | | |
| | | |
A/C 9230 7470 | | | |
Outside Tax Services | | | |
Arthur Andersen | Dallas, TX | NA | $ 85 |
Newt Walker | Dallas, TX | NA | 26 |
Dolgin & Associates | | NA | 48 |
Other (2) | - | NA | 3 |
| | | $ 162 |
| | | |
| | | |
A/C 9230 7480 | | | |
Employment Agency Fees | | | |
Energy Managment | Charlotte, NC | NA | $ 114 |
Other (2) | - | NA | 2 |
| | | $ 116 |
| | | |
| | | |
A/C 9230 7490 | | | |
Other Outside Services | | | |
Alternative Resources | Palatine, IL | NA | $ 73 |
Arthur Andersen | Dallas, TX | NA | 25 |
Barakat & Chamb | Oakland, CA | NA | 60 |
Belcan Service | Cincinnati, OH | NA | 87 |
Biggs, Glenn | San Antonio, TX | NA | 30 |
Broyles & Pratt | Corpus Christi, TX | NA | 543 |
Burson-Marsteller | Atlanta, GA | NA | 205 |
Business Information | Philadelphia, PA | NA | 184 |
Cambridge Report | Cambridge, MA | NA | 249 |
Central Financial | Dallas, TX | NA | 87 |
Computerland | Chicago, IL | NA | 58 |
Cory, R.H. | Austin, TX | NA | 26 |
Credit Suisse | New York, NY | NA | 25 |
Crow, Trammell | Dallas, TX | NA | 595 |
<PAGE> 21c
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
______________________________________________________________________________
| | |RELATIONSHIP | |
| | |"A"-ASSOCIATE| |
| | | "NA" - NON | |
| FROM WHOM PURCHASED | ADDRESS | ASSOCIATE | AMOUNT |
| | | | |
A/C 9230 7490 | | | |
(continued) | | | |
| | | |
Delaporte & Assoc. | Albuquerque, NM | NA | 57 |
Deloitte & Touche | Atlanta, GA | NA | 185 |
Delta Strategies | Austin, TX | NA | 28 |
Dri/McGraw-Hill | Woburn, MA | NA | 32 |
Duff & Phelps Co | Chicago, IL | NA | 65 |
ECC, Inc. | Fairfax, VA | NA | 361 |
Ecom | Houston, TX | NA | 238 |
Edison Electric | Washington, D.C. | NA | 33 |
Energy Management | Charlotte, NC | NA | 268 |
Energy Research | Waltham, MA | NA | 31 |
EPRI | Palo Alto, CA | NA | 704 |
Ernst & Young | Dallas, TX | NA | 30 |
Fastech | Detroit, MI | NA | 28 |
Financo Inc. | Austin, TX | NA | 370 |
Future Now | Dallas, TX | NA | 82 |
Gavos & Helms Design | Dallas, TX | NA | 38 |
Griffin/Johnson | Washington, D.C. | NA | 40 |
Group CMK, Inc. | San Antonio, TX | NA | 31 |
Heller Environment | Austin, TX | NA | 617 |
Hewitt & Assoc. | Chicago, IL | NA | 538 |
Human Affairs | Salt Lake City, UT | NA | 123 |
IBM | Dallas, TX | NA | 218 |
Independent Mgmt Svcs | Dallas, TX | NA | 37 |
Information Builders | Philadelphia, PA | NA | 33 |
Interaction Designs | Austin, TX | NA | 91 |
ISICAD | Anaheim, CA | NA | 41 |
ISIS | Atlanta, GA | NA | 34 |
IVF Resources | Fairfax, VA | NA | 119 |
James Martin & Assoc. | Merrifield, VA | NA | 235 |
John Stephen | Toronto, Canada | NA | 101 |
Kahn, Alan R. | Dallas, TX | NA | 30 |
Kennard, Don | Charlestown, WV | NA | 30 |
King Chapman BR | Houston, TX | NA | 47 |
Lek Partnership | Los Angeles, CA | NA | 110 |
Lek/Alcar Consultants | Boston, MA | NA | 608 |
Lockard & White | Houston, MA | NA | 191 |
Logical Operations | Rochester, NY | NA | 94 |
Logical Resource | Dallas, TX | NA | 48 |
Lotus Direct | Cambridge, MA | NA | 25 |
McKinnon Media | Austin, TX | NA | 38 |
Mercado-Silva | El Paso, TX | NA | 244 |
Metzler & Assoc | Deerfield, IL | NA | 141 |
Moody's Investor Svcs | Atlanta, GA | NA | 141 |
Morgan Stanley | New York, NY | NA | 1,786 |
National Economic | Newark, NJ | NA | 37 |
Network Engineering | Dallas, TX | NA | 70 |
<PAGE> 21d
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
______________________________________________________________________________
| | |RELATIONSHIP | |
| | |"A"-ASSOCIATE| |
| | | "NA" - NON | |
| FROM WHOM PURCHASED | ADDRESS | ASSOCIATE | AMOUNT |
| | | | |
A/C 9230 7490 | | | |
(continued) | | | |
| | | |
Newnam, Donald | Grand Prairie, TX | NA | 38 |
Omni Training | Dallas, TX | NA | 88 |
Price Waterhouse | Dallas, TX | NA | 77 |
Public Strategies | Austin, TX | NA | 271 |
Putnam, Hayes & Assoc.| Cambridge, MA | NA | 299 |
Rankin, Jack | Grand Prairie, TX | NA | 34 |
Read-Poland | Dallas, TX | NA | 146 |
Read-Poland & Assoc. | Austin, TX | NA | 302 |
Real Decisions | Darien, CT | NA | 74 |
Scott, Madden & Assoc.| Raleigh, NC | NA | 209 |
Seaman & Co | Dallas, TX | NA | 150 |
Software Solutions | Dallas, TX | NA | 31 |
Southwestern Bell | Dallas, TX | NA | 61 |
Standard & Poor | Philadelphia, PA | NA | 60 |
Summerford Design | Dallas, TX | NA | 49 |
TAD | Charlotte, NC | NA | 91 |
Texas Tech | Lubbock, TX | NA | 91 |
Theodore Barry & Assoc| Los Angeles, CA | NA | 57 |
Towers, Perrin & Assoc| Philadelphia, PA | NA | 142 |
Patricia Vice & Assoc.| Crosby, TX | NA | 212 |
W.B. Morrow SAF | Rowlett, TX | NA | 25 |
Wilson Consulting | Alphretta, GA | NA | 179 |
Wilson Learning | Eden Prairie, MN | NA | 435 |
Winner/Wagner | Encino, CA | NA | 481 |
WTE Corporation | Manchester, NH | NA | 77 |
Other (289) | - | NA | 1,233 |
| | | $ 15,607 |
| TOTAL OUTSIDE SERVICES $ 37,344 |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
<PAGE> 22
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
EMPLOYEE PENSIONS AND BENEFITS - ACCOUNT 926
(thousands)
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be limited to $25,000.
_____________________________________________________________________________
| DESCRIPTION | AMOUNT |
| |
Pension | $ 603 |
| |
Thrift Plan | 675 |
| |
Medical Plan | 941 |
| |
Benefit Plan Trustee Fee | 779 |
| |
Employee Assistance Program | 156 |
| |
Health and Fitness Program | 99 |
| |
Vacation Accrual | 548 |
| |
Employee Awards and Events Program | 38 |
| |
Educational Assistance | 140 |
| |
Company Store | 86 |
| |
System Employee Benefits | 1,238 |
| |
Retired Employee Benefits | 1,136 |
| |
Others (8) | 70 |
TOTAL | $ 6,509 |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
GENERAL ADVERTISING EXPENSES - ACCOUNT 930.1
(thousands)
INSTRUCTIONS:
Provide a listing of the amount included in Account 930.1, "General Advertising
Expenses", classifying the items according to the nature of the advertising
and as defined in the account definition. If a particular class includes
an amount in excess of $3,000 applicable to a single payee, show separately
the name of the payee and the aggregate amount applicable thereto.
______________________________________________________________________________
| DESCRIPTION | NAME OF PAYEE | AMOUNT |
| | |
Fees to Advertising Agency - | | |
Employment Related | BSA Advertising, Inc. | $ 4 |
| Bernard Hodes | 50 |
| Other (9) | 9 |
Fees to Communication Consultant-| | |
Investor/Public Relations | | |
Related | Read-Poland Associates | 8 |
| National Association | |
| of Investors Corp. | 16 |
| Nebrig & Associates | 9 |
| Five Star Productions | 7 |
| Stanley David & Assoc. | 5 |
| Research Magazine | 73 |
| El Paso Hispanic | |
| Chamber of Commerce | 5 |
| Other (16) | 15 |
| TOTAL | $ 201 |
<PAGE> 23
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
MISCELLANEOUS GENERAL EXPENSES - ACCOUNT 930.2
(thousands)
INSTRUCTIONS:
Provide a listing of the amount included in Account 930.2, "Miscellaneous
General Expenses", classifying such expenses according to their nature.
Payments and expenses permitted by Sections 321(b)(2) of the Federal
Election Campaign Act, as amended by Public Law
94-283 in 1976 (2 U.S.C. 441(b)(2)) shall be separately classified.
_____________________________________________________________________________
| DESCRIPTION | AMOUNT |
| |
Company Membership Fees and Dues | $ 824 |
Company Relocation Expenses | 1,345 |
Trustee, Registrar, and Transfer Agent Fees | 119 |
Stockholders Meeting Expense | 17 |
Dividend Letter | 242 |
Directors' Fees and Expenses | 485 |
Publish and Distribute Annual Report | 461 |
Directors' Meetings Expense | 224 |
Contract Programming | 3,642 |
| |
TOTAL | $ 7,359 |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
RENTS - ACCOUNT 931
(thousands)
INSTRUCTIONS:
Provide a listing of the amount included in Account 931, "Rents", classifying
such expenses by major groupings of property, as defined in the account
definition of the Uniform System of Accounts.
_______________________________________________________________________________
| TYPE OF PROPERTY | AMOUNT |
| |
Office Space Rent | $ 2,395 |
Offsite Storage Space Rent | 100 |
Computer Timesharing Rent | 376 |
Computer Software Rent | 6,481 |
Computer Equipment Rent | 2,905 |
Automobile Rent | 243 |
Other Rent | 333 |
| |
TOTAL | $12,833 |
<PAGE> 24
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
TAXES OTHER THAN INCOME TAXES - ACCOUNT 408
(thousands)
INSTRUCTIONS:
Provide an analysis of Account 408 "Taxes Other Than Income Taxes". Separate
the analysis into two groups: (1) other than U.S. Government taxes, and
(2) U.S. Government taxes. Specify each of the various kinds of taxes and show
the amounts thereof. Provide a subtotal for each class of tax.
______________________________________________________________________________
| KIND OF TAX | AMOUNT |
| |
Other Than U.S. Government Taxes: | |
State Unemployment Taxes | $ 74 |
Property and Other Taxes | 971 |
| |
Subtotal | 1,045 |
| |
U. S. Government Taxes: | |
Social Security Taxes | $ 1,907 |
Federal Unemployment Taxes | 31 |
| |
Subtotal | 1,938 |
| |
TOTAL | $ 2,983 |
<PAGE> 25
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
DONATIONS - ACCOUNT 426.1
(thousands)
INSTRUCTIONS:
Provide a listing of the amount included in Account 426.1, "Donations",
classifying such expenses by its purpose. The aggregate number and amount
of all items of less than $3,000 may be shown in lieu of details.
______________________________________________________________________________
| NAME OF RECIPIENT | PURPOSE OF DONATION |AMOUNT |
| | |
Greater Dallas Chamber | Annual membership |$ 27 |
| | |
United Way of Metropolitan| Contribution to support community service | 50 |
Dallas | organizations | |
| | |
Dallas Symphony | Annual fund campaign contribution | 20 |
| | |
Dallas Theater Center | Contribution to support the organization | 30 |
| | |
Dallas Ambassadors | Contribution to promote Dallas as an | 5 |
Forum | international city thus stimulating | |
| trade, cultural, educational and other | |
| interactions | |
| | |
Boy Scouts of America | Sustaining membership | 10 |
| | |
American Jewish Committee | Contribution to support the organization | 3 |
| | |
Texas Council on Economic | Contribution to support activities of the | 5 |
Education | organization | |
| | |
Dallas Opera | Annual fund campaign contribution | 6 |
| | |
New Texas Foundation | Annual membership contribution | 10 |
| | |
Southwestern Ball | Silver Sponsorship benefiting Basic | |
| Neuroscience and Nerve Regeneration | 13 |
| | |
Boys and Girls Club | Contribution to support the organization | 6 |
| | |
YMCA of Metropolitan | Contribution to the Metropolitan YMCA of | 5 |
Dallas | Dallas Capital Improvement Drive | |
| | |
Capitol Fund | Annual Installment to the restoration of | |
| the Texas State Capitol | 17 |
| | |
Texas Chamber of Commerce | Annual membership contribution | 3 |
| | |
Central & South West | Inaugural tickets for sponsorship of | |
Washington, D.C. | Congressman Dick Gephardt (D-MO) | 4 |
| | |
Cleer | Contribution to support the organization | 5 |
| | |
Dallas Citizens | Annual membership contribution | 3 |
| | |
DCCD District Foundation | Contribution to support the organization | 3 |
| | |
Dallas Foundation | Annual membership contribution | 3 |
| | |
Dallas International | Annual payment for a three-year | |
Sports Commission | commitment | 3 |
| | |
Dallas Memorial Center | Underwrite Harmony Awards Dinner | |
for Holocaust Studies | | 10 |
| | |
Dallas Museum of Art | Expansion campaign and membership | 10 |
| | |
The 500, Inc. | Contribution to support the organization | 3 |
| | |
Friends of Scouting | Contribution to support the organization | 5 |
<PAGE> 25a
DONATIONS - CONTINUED
(thousands)
______________________________________________________________________________
| NAME OF RECIPIENT | PURPOSE OF DONATION |AMOUNT |
| | |
Harvard University/Kennedy| Contribution to support the organization | |
School of Government | | 50 |
| | |
Kindley, Susan | Harllee School Christmas shopping | |
| program | 5 |
| | |
National Wilderness | Contribution to support the organization | |
Institute | | 5 |
| | |
National Council on | Contribution to support the activities of | |
Economic Education | the organization | 3 |
| | |
Oklahoma Foundation for | Contribution to support the organization | |
Excellence | | 10 |
| | |
Project Shelter | Corporate sponsorship of tournament | |
| benefiting Dallas shelters | 15 |
| | |
Save Our School | Contribution to support the organization | 10 |
| | |
Texas Research League | Government Research contribution | 10 |
| | |
The Dallas Historical | Catherine the Great Promissory Note | |
Society | | 25 |
| | |
Unite El Paso | Contribution to support the organization | 15 |
| | |
United Negro College Fund | Contribution to support the organization | 3 |
| | |
University of Dallas | Matching contribution | 8 |
| | |
Woman's Initiative to | Sponsorship of conference | |
Strengthen El Paso | | 3 |
| | |
Other (80) | | 37 |
| |
TOTAL |$ 458 |
<PAGE> 26
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
OTHER DEDUCTIONS - ACCOUNT 426.5
(thousands)
INSTRUCTIONS:
Provide a listing of the amount included in Account 426.5, "Other Deductions",
classifying such expenses according to their nature.
_______________________________________________________________________________
| DESCRIPTION | NAME OF PAYEE | AMOUNT |
| | |
Expenditures for Certain Civic, | | |
Political & Related Activities | Company employee and | |
| administrative costs | |
| for civic, political | |
| and related activities | $ 1,039 |
| | |
Misc. Amortization | Company expense | 146 |
| | |
| | |
| TOTAL | $ 1,185 |
<PAGE> 27
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME
INSTRUCTIONS:
The space below is provided for important notes regarding the statement of
income or any account thereof. Furnish particulars as to any significant
increase in services rendered or expenses incurred during the year.
Notes relating to financial statements shown elsewhere in this report may
be indicated here by reference.
1. The Data Center provides centralized computer services for all CSW System
companies. The following information is provided pursuant to a Securities
and Exchange Commission data request letter dated May 6, 1983.
(a) Aggregate Billings by the Data Center
The operating costs for the Data Center for the year ended December 31,
1993, were $9,997,105. See paragraph (b) for explanation of the 1993
billing procedure.
(b) Breakdown of Data Center Billings by CRU
The actual 1993 costs for the operation of the Data Center were $9,997,105.
Costs of operation of the Data Center were charged back to the system
companies based on their usage of the computer resources. CSWS has modified
the method by which it allocates its costs for computer services rendered to
CSW System companies as follows:
Computer Resource Unit (CRU) Component Simplification
CSWS utilizes the CRU, a measurement of computer services rendered to
allocate direct costs to the CSW Companies. The CRU was previously made up
of forty components. CSWS, on April 1, 1990, reduced the number of
components making up the CRU to only three components: (a) tape storage in
terms of tape-days, which is used to allocate all tape related costs, (b)
disk storage in terms of track-days which is used to allocate all disk
related costs, and (c) CPU seconds which is used to allocate all other
processor related usage costs. Use of only three components simplifies the
computer billing process, reduces administrative costs and makes the charges
to the users clearer and easier to understand.
Usage Cost Allocation
Computer usage costs are being allocated on the basis of two factors. A
"usage" portion is allocated based on the current number of CRU's used
reflecting incremental costs of utilizing the three CRU components. The
remaining "base" costs are being allocated to the companies based on the
previous three years of processor related CRU usage costs and reflect fixed
costs of operating the data center. Utilizing "past average usage" as a
basis for allocating a portion of the costs is appropriate because a
component of the cost of providing service is embedded and is more equitably
distributed based on past usage.
The following page outlines the billing to system companies separated into
the two components referenced above. It should be noted that one dollar of
usage cost equals one CRU.
<PAGE> 27a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1993
SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME
Usage Base Total
Company CRU's Billing Billing Billing
CPL 839,884 $ 839,884 $ 554,793 $ 1,394,677
PSO 1,296,845 1,296,845 1,281,954 2,578,799
SWEPCO 971,987 971,987 1,287,552 2,259,539
WTU 389,419 389,419 283,671 673,090
TRANSOK 714,128 714,128 328,967 1,043,095
CSWS 1,115,684 1,115,684 927,891 2,043,575
CSW Energy 4,283 4,283 47 4,330
TOTALS 5,332,230 $5,332,230 $4,664,875 $ 9,997,105
(c) Statement of Data Center Activities
The major activities of the Data Center during 1993 were production
environment of Integrated Data Management System (IDMS) and Customer
Information Control System (CICS) for all of the system companies.
The operating costs for 1993 included salaries, equipment expenses,
software services, disaster recovery, site rentals and general supplies.
<PAGE> 28
ORGANIZATION CHART
December 31, 1993
<TABLE>
<CAPTION>
<C> <C> <S> <C> <S> <C> <C> <S> <C> <C> <S> <C> <S> <C>
___________
| CHMN/CEO/ |
| President |
|___________|
|
| __________
| | DIRECTOR |
|------ | Corporate|
| | Audits |
| |__________|
|
__________________________________________________|__________________________
| | | |
_____|_____ ___|___ _____|_____ _______|______
|SR VP | | SR VP | |Exec VP/CSW| | Exec VP |
|Finance/CFO| |General| | CEO/CSWS | | COO |
|___________| |Counsel| |___________| |______________|
| |_______| | |
______|______ ____________________|__________________ ______|_____
_____|____ | ____|____ ____|____ ____|_____ ____|_____ _____|_____ _____|______ ____|______
|Controller| | |Treasurer|| CSWS || VP | |CSW Energy|| VP ||VP Marketing|| VP |
| CSW | | | CSWS ||President||Government| |President || Corporate || Business || Business |
|__________| | |_________||_________||Relations | |__________||Development|| Development||Development|
| | |__________| |___________||____________||___________|
____|____ | |
| VP | | |
|Strategic| | |
| Planning| | |
|_________| | |
| |
________________________|________ ___________________|_
_____|_____ _____|_____ ____|____ __|___ _____|_____ ___|____ ___|____
| VP || VP || VP || VP || Mergers || VP | | CSW |
|Engineering||Information||Corporate||Fuels || and || Special| |Ventures|
| || Resources || Services|| ||Acquisition||Projects| | |
|___________||___________||_________||______||___________||________| |________|
</TABLE>
<PAGE> 29
ANNUAL REPORT OF Central and South West Services, Inc.
METHODS OF ALLOCATION
Central and South West Services, Inc. requested and the Securities and
Exchange Commission granted on December 30, 1982, October 23, 1985, and February
13, 1992, the following thirteen part cost allocation method.
1.Total Assets with 20% Allocated to CSW -- a basis of allocation with 20% of
costs allocated to CSW and the remaining 80% allocated among the participating
companies in the ratio of each company's total assets as a percentage of the
total assets of all participating companies.
2.Total Assets -- a basis of allocation which allocates costs among the
participating companies in the ratio of each company's total assets as a
percentage of the total assets of all participating companies.
3.Peak Load -- a basis of allocation which allocates costs among the
participating companies in the ratio of each company's peak load as a
percentage of the sum of the peak loads of all participating companies.
4.Average Number of Ultimate Customers -- a basis of allocation which allocates
costs among the participating companies in the ratio of each company's average
number of ultimate customers as a percentage of the sum of the average number
of ultimate customers of all participating companies.
5.KWH Sales -- a basis of allocation which allocates costs among the
participating companies in the ratio of each company's kilowatt-hour sales to
ultimate customers of all participating companies.
6.Peak Load/Average Customers/KWH Sales -- a basis of allocation which gives
equal weighing to peak load, average number of ultimate customers and
kilowatt-hour sales to ultimate customers and allocates costs among the
participating companies in the ratio of each company's amounts to the sum of
each item of all participating companies.
7.Average Peak Load for Past Three Years -- a basis of allocation which
allocates costs among the participating companies in the ratio of the sum of
each company's peak load for the past three years as a percentage of the sum
of the last three years' peak loads for all of the participating companies.
8.Computer Resource Units -- a basis of allocation which allocates costs among
the participating companies in the ratio of each company's computer usage to
the sum of the computer usage of all the participating companies.
9.Number of Employees -- a basis of allocation which allocates costs among the
participating companies in the ratio of each company's number of employees to
the total number of all employees of all participating companies.
10.Total Gross Utility Plant -- a basis of allocation which allocates costs
among the participating companies in the ratio of each company's gross
utility plant as a percentage of the total gross utility plant of all
participating companies.
11.Total Common Stock Equity with 20% Allocated to CSW -- a basis of allocation
with 20% of costs allocated to CSW and the remaining 80% allocated among the
participating companies in the ratio of each company's common stock equity as
a percentage of the total common stock equity of all participating companies.
12.Number of Leases -- a basis of allocation which allocates costs among the
participating companies in the ratio of each company's participation in
leases held in mining projects.
13.Total CSWS Billing less Indirect Costs and Interest -- a basis of allocation
which allocates costs among the participating companies based on the
percentage of company direct work orders billed to each CSW System company.
<PAGE> 30
ANNUAL REPORT OF Central and South West Services, Inc.
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
The following annual statement was supplied to each associate company in
support of the amount of compensation for use of capital billed during 1993:
In accordance with Instruction 01-12 of the Securities and Exchange
Commission's Uniform System of Accounts for Mutual Service Companies and
Subsidiary Service Companies, Central and South West Services, Inc. submits the
following information on the billing of interest on borrowed funds to associated
companies for the year 1993:
A. Amount of interest billed to associate companies is contained on page 16,
Analysis of Billing.
B. The basis for billing of interest to the associated companies is based
on the ratio of the total expenses charged to each associated company,
exclusive of interest, to the total Company expenses exclusive of interest
expense.
<PAGE> 31
ANNUAL REPORT OF Central and South West Services, Inc.
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company Act of
1935 and the rules and regulations of the Securities and Exchange Commission
issued thereunder, the undersigned company has duly caused this report to be
signed on its behalf by the undersigned officer thereunto duly authorized.
Central and South West Services, Inc.
(Name of Reporting Company)
By: /s/ Robert M. Spratling
(Signature of Signing Officer)
Robert M. Spratling, Controller
(Printed Name and Title of Signing Officer)
Date: April 21,1994
