UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1995 and Ending December 31, 1995
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 Tulsa, Oklahoma
Name, title, and address of officer to whom correspondence concerning
this report should be addressed:
R. Russell Davis Controller P.O. Box 21928 Tulsa, Oklahoma 74121-1928
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
CENTRAL AND SOUTH WEST CORPORATION
SEC 1926 (12-91) 1 of 32 pages
<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 23
Miscellaneous General Expenses ................... Account 930.2 24
Rents ............................................ Account 931 24
Taxes Other Than Income Taxes .................... Account 408 25
<PAGE> 2a
Donations ....................................... Account 426.1 26
Other Deductions ................................. Account 426.5 27
Notes to Statement of Income ..................... Schedule XVIII 28
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Organization Chart................................................ 29
Methods of Allocation............................................. 30
Annual Statement of Compensation for Use of Capital Billed ....... 31
<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 |
______________________________________________________|_______________________|
| 1995 | 1994 |
SERVICE COMPANY PROPERTY | | |
| | |
101 Service company property (Schedule II) | $114,492 | $107,535 |
107 Construction work in progress (Schedule II) | 433 | 424 |
Total Property | 114,925 | 107,959 |
| | |
108 Less accumulated provision for depreciation | | |
and amortization of service company | | |
property (Schedule III) | 21,005 | 14,720 |
Net Service Company Property | 93,920 | 93,239 |
| | |
INVESTMENTS | | |
| | |
123 Investments in associate companies | | |
(Schedule IV) | - | - |
124 Other investments (Schedule IV) | 2,720 | 4,110 |
Total Investments | 2,720 | 4,110 |
| | |
CURRENT AND ACCRUED ASSETS | | |
| | |
131 Cash | 7,238 | 2,886 |
134 Special deposits | 323 | 323 |
135 Working funds | 185 | 325 |
136 Temporary cash investments (Schedule IV) | - | - |
141 Notes receivable | 3,311 | 3,356 |
143 Accounts receivable | 7,952 | 3,578 |
144 Accumulated provision of uncollectable | | |
accounts | - | - |
146 Accounts receivable from associate | | |
companies (Schedule V) | 28,928 | 52,610 |
152 Fuel stock expenses undistributed | | |
(Schedule VI) | - | - |
154 Materials and supplies | - | - |
163 Stores expense undistributed (Schedule VII) | - | - |
165 Prepayments | 9,309 | 114 |
174 Miscellaneous current and accrued | | |
assets (Schedule VIII) | - | - |
Total Current and Accrued Assets | 57,246 | 63,192 |
| | |
DEFERRED DEBITS | | |
| | |
181 Unamortized debt expense | - | - |
184 Clearing accounts | 549 | 125 |
186 Miscellaneous deferred debits (Schedule IX) | (85) | 6,904 |
188 Research, development, or demonstration | | |
expenditures (Schedule X) | - | 1 |
190 Accumulated deferred income taxes | 450 | 661 |
Total Deferred Debits | 914 | 7,691 |
| | |
TOTAL ASSETS AND OTHER DEBITS | $154,800 | $168,232 |
<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 |
| 1995 | 1994 |
| | |
- -----------------------------------------------------------------------------
PROPRIETARY CAPITAL | | |
201 Common stock issued (Schedule XI) | $ 100 |$ 100 |
211 Miscellaneous paid-in-capital | | |
(Schedule XI) | - | - |
215 Appropriated retained earnings | | |
(Schedule XI) | - | - |
216 Unappropriated retained earnings | | |
(Schedule XI) | - | - |
Total Proprietary Capital | 100 | 100 |
| | |
LONG-TERM DEBT | | |
| | |
223 Advances from associate | | |
companies (Schedule XII) | - | - |
224 Other long-term debt (Schedule XII) | 59,936 | 64,950 |
225 Unamortized premium on long-term debt | - | - |
226 Unamortized discount on long-term | | |
debt-debit | - | - |
Total Long-Term Debt | 59,936 | 64,950 |
| | |
| | |
CURRENT AND ACCRUED LIABILITIES | | |
| | |
231 Notes payable | - | - |
232 Accounts payable | 21,892 | 19,868 |
233 Notes payable to associate | | |
companies (Schedule XIII) | 49,168 | 63,103 |
234 Accounts payable to associate | | |
companies (Schedule XIII) | 1,967 | 820 |
236 Taxes accrued | (405) | 403 |
237 Interest accrued | - | - |
238 Dividends declared | - | - |
241 Tax collections payable | 1,880 | 1,980 |
242 Miscellaneous current and accrued | | |
liabilities (Schedule XIII) | 2,864 | 6,642 |
Total Current and Accrued Liabilities | 77,366 | 92,816 |
| | |
DEFERRED CREDITS | | |
| | |
253 Other deferred credits | 4,749 | 1,087 |
255 Accumulated deferred investment | | |
tax credits | - | - |
Total Deferred Credits | 4,749 | 1,087 |
| | |
282 ACCUMULATED DEFERRED INCOME TAXES | 12,649 | 9,279 |
| | |
TOTAL LIABILITIES AND PROPRIETARY CAPITAL| $154,800 | $168,232 |
<PAGE> 5
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 |
| | | | | |
<S> <C> <C> <C> <C> <C>
Service Company Property | | | | | |
| | | | | |
Account | | | | | |
| | | | | |
301 Organization | $ - | $ - | $ - | $ - | $ - |
| | | | | |
303 Miscellaneous | | | | | |
Intangible Plant | 2,026 | 459 | - | - | 2,485 |
| | | | | |
304 Land and Land Rights | 6,381 | - | - | - | 6,381 |
| | | | | |
305 Structures and | | | | | |
Improvements | 41,072 | 585 | - | - | 41,657 |
| | | | | |
306 Leasehold | | | | | |
Improvements | 1,163 | 2,359 | - | - | 3,522 |
| | | | | |
307 Equipment (2) | 23,793 | 5,482 | (829)| - | 28,446 |
| | | | | |
308 Office Furniture | | | | | |
and Equipment | 11,638 | 1,317 | (113)| - | 12,842 |
| | | | | |
309 Automobiles, Other | | | | | |
Vehicles and | | | | | |
Related Garage | | | | | |
Equipment | 195 | 12 | - | - | 207 |
| | | | | |
310 Aircraft and | | | | | |
Airport Equipment | 21,195 | 93 | (2,406)| - | 18,882 |
| | | | | |
311 Other Service Company | | | | | |
Property (3) | 72 | 1 | (3)| - | 70 |
| | | | | |
SUB-TOTAL | $107,535 | $ 10,308 | $ (3,351)| $ - | $114,492 |
| | | | | |
107 Construction Work In | | | | | |
Progress (4) | 424 | 9 | - | - | 433 |
| | | | | |
TOTAL | $107,959 | $ 10,317 | $ (3,351)| $ - | $114,925 |
(1) Provide an explanation of those changes considered material:
None.
</TABLE>
<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 | $ 860 | $ 1,053 |
Data Processing Equipment | 3,833 | 20,821 |
Microfilm/Microfiche | - | 25 |
Communications Equipment | 789 | 5,957 |
Other | - | 590 |
| | |
| | |
| | |
TOTAL | $ 5,482 | $28,446 |
(3) Describe Other Service Company Property:
Refrigerators/Ice Makers | $ - | $ 10 |
Appliances | - | 15 |
Portable Loading Ramp | - | 1 |
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 |
Power Punch Machine | - | 3 |
Exercise Equipment | - | 19 |
VCR / TV Combination | - | 2 |
Desk Top Labeling System | 1 | 1 |
| $ 1 | $ 70 |
______________________________________________________________________________
(4) Describe Construction Work in Progress:
Construct new systems operations computer room, control arena, and
install mechanical and electrical equipment to sustain 72 hour stand-
alone operation in the event of power failure.
<PAGE> 6
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY
PROPERTY
(thousands)
<TABLE>
<CAPTION>
______________________________________________________________________________________
| | | | | OTHER | |
| | BALANCE AT| | | CHANGES | BALANCE |
| | BEGINNING | | | ADD | AT CLOSE |
| DESCRIPTION | OF YEAR | ADDITIONS |RETIREMENTS|(DEDUCT)(1)| OF YEAR |
<S> <C> <C> <C> <C> <C>
| | | | | |
Account | | | | | |
| | | | | |
301 Organization | $ - | $ - | $ - | $ - | $ - |
| | | | | |
303 Miscellaneous | | | | | |
Intangible Plant | 479 | 245 | - | - | 724 |
| | | | | |
304 Land and Land Rights | - | - | - | - | - |
| | | | | |
305 Structures and | | | | | |
Improvements | 3,306 | 1,515 | - | - | 4,821 |
| | | | | |
306 Leasehold | | | | | |
Improvements | 287 | 518 | - | (34)| 771 |
| | | | | |
307 Equipment | 8,004 | 3,953 | (829)| 23 | 11,151 |
| | | | | |
308 Office Furniture and | | | | | |
Equipment | 2,660 | 1,154 | (113)| (10)| 3,691 |
| | | | | |
309 Automobiles, Other | | | | | |
Vehicles and Related | | | | | |
Garage Equipment | 42 | 31 | - | - | 73 |
| | | | | |
310 Aircraft and Airport | | | | | |
Equipment | (96)| 710 | (883)| - | (269)|
| | | | | |
311 Other Service Company | | | | | |
Property | 38 | 7 | (3)| 1 | 43 |
| | | | | |
| | | | | |
TOTALS | $ 14,720 | $ 8,133 | $ (1,828)| $ (20)| $ 21,005 |
</TABLE>
(1) Provide an explanation of those changes considered material:
None
<PAGE> 7
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ - | $ - |
| | |
Account 124 - Other Investments | | |
| | |
Purchase of Mortgages | $ 2,730 | $ 1,406 |
Preston Trail Golf Club | | |
Purchase of Memberships | 143 | 143 |
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 | 30 | 30 |
Texas Stadium | | |
Purchase of Texas Stadium Box Seats | 854 | 788 |
Gleneagles Country Club | | |
Purchase of Memberships | 48 | 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 | 6 | 6 |
Fairfax Country Club | | |
Purchase of Membership | 27 | 27 |
| | |
TOTAL | $ 4,110 | $ 2,720 |
| | |
Account 136 - Temporary Cash Investments| $ - | $ - |
| | |
TOTAL | $ 4,110 | $ 2,720 |
<PAGE> 8
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ 7,090 | $ 6,251 |
Central Power and Light Company | 13,912 | 7,708 |
Public Service Company of Oklahoma | 11,112 | 4,235 |
Southwestern Electric Power Company | 12,489 | 4,995 |
West Texas Utilities Company | 6,821 | 3,009 |
Transok, Inc. | 593 | 521 |
CSW Credit, Inc. | 48 | 599 |
CSW Energy, Inc. | (133) | 372 |
CSW International, Inc. | 361 | 184 |
CSW Communications, Inc. | 317 | 918 |
EnerShop, Inc. | - | 123 |
CSW Leasing, Inc. | - | 13 |
TOTAL | $52,610 | $28,928 |
| |
| |
Analysis of Convenience or Accommodation | |
Payments |TOTAL PAYMENTS |
| |
Central and South West Corporation | $ 17 |
Central Power and Light Company | (1,528) |
Public Service Company of Oklahoma | (1,211) |
Southwestern Electric Power Company | (433) |
West Texas Utilities Company | (891) |
Transok, Inc. | (52) |
CSW Credit, Inc. | (1) |
CSW Energy, Inc. | 102 |
CSW Communications, Inc. | - |
CSW Leasing, Inc. | 6 |
CSW International, Inc. | 137 |
TOTAL PAYMENTS | $(3,854) |
The majority of convenience payments consists of taxes, corporate
insurance, relocation expenses, industry dues, and deferred compensation
payments.
<PAGE> 9
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ - | $ - | $ - |
| | | |
| | | |
| | | |
| | | |
| | | |
TOTAL | $ - | $ - | $ - |
______________________________________________________________________________
Summary:
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ - | $ - | $ - |
| | | |
| | | |
| | | |
| | | |
| | | |
TOTAL | $ - | $ - | $ - |
<PAGE> 10
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ - | $ - |
| | |
TOTAL | $ - | $ - |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ 459 | $ (262) |
Prepaid Pension Expense | 6,189 | - |
Deferred Software Costs | 24 | 20 |
Deferred Project Costs | 222 | 157 |
Deferred Relocation Costs | 10 | - |
| | |
TOTAL | $ 6,904 | $ (85) |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ - |
| |
TOTAL | $ - |
<PAGE> 11
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
SCHEDULE XI - PROPRIETARY CAPITAL
(dollars in thousands except per share amounts)
__________________________________________________________________________________________________________________
| | NUMBER OF SHARES | PAR OR STATED | OUTSTANDING CLOSE OF PERIOD |
|ACCOUNT NUMBER CLASS OF STOCK | AUTHORIZED | VALUE PER SHARE | NO. OF SHARES | TOTAL AMOUNT |
| | | | | |
<S> <C> <C> <C> <C> <C>
|201 COMMON STOCK ISSUED | 10,000 | $ 10 | 10,000 | $ 100 |
</TABLE>
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 | $ - |
| |
Account 215 - Appropriated Retained Earnings | $ - |
__________________________________________________________|__________________|
TOTAL | $ - |
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, amount of dividend, date declared and date paid.
<TABLE>
<CAPTION>
____________________________________________________________________________________________________________
| | BALANCE AT | NET INCOME | DIVIDENDS | BALANCE AT |
| DESCRIPTION | BEGINNING OF YEAR | OR (LOSS) | PAID | CLOSE OF YEAR |
<S> <C> <C> <C> <C>
| | | | |
Account 216-Unappropriated Retained Earnings | $ - | $ - | $ - | $ - |
| | | | |
TOTAL | $ - | $ - | $ - | $ - |
<PAGE> 12
</TABLE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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.
_____________________________________________________________________________________________________________________________
| | 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 |
<S> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | |
Account 223 - Advances| | | | | | | | |
From Associate | | | | | | | | |
Companies: | | | | | $ - | $ - | $ - | $ - |
| | | | | | | | |
Account 224 - Other | | | | | | | | |
Long-Term Debt: | | | | | | | | |
Southwestern Life | 30 Year Real Estate | | | | | | | |
Insurance Co. | Note | 2/1/2008| 9% | $ 5,840 | 4,950 | - | (5,014) | (64)|
First Interstate | CSWS Term Loan | | | | | | | |
Bank of Texas | Facility |12/1/2001| Variable | 60,000 | 60,000 | - | - | 60,000 |
| | | | | | | | |
TOTAL | | | | $65,840 | $ 64,950 | $ - | $(5,014) |$59,936 |
1
Give an explanation of deductions:
Central and South West Services, Inc. retired the note on an office building in May, 1995. Payments of
$64,000 were made in error subsequent to the retirement of the note.
</TABLE>
<PAGE> 13
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $63,103 | $49,168 |
| | |
| | |
TOTAL | $63,103 | $49,168 |
| | |
| | |
| | |
Account 234 - Accounts Payable to | | |
Associate Companies | | |
| | |
Central and South West Corporation | $ 820 | $ 1,967 |
| | |
| | |
TOTAL | $ 820 | $ 1,967 |
| | |
| | |
| | |
Account 242 - Miscellaneous Current | | |
and Accrued Liabilities| | |
| | |
Accrued Vacation | $ 1,907 | $ - |
CSW Employee Thrift Plan | 1,761 | 172 |
United Way | 69 | - |
Fitness Plan | 46 | 39 |
Credit Union | - | - |
Medical Plan | 161 | - |
Disability | 21 | - |
Reimbursable Health & Dependent Care | 120 | 143 |
AD & D - Pre Tax | 14 | - |
Life Insurance | 45 | - |
Pre Tax Dental | 48 | - |
Other (10) | 2,450 | 2,510 |
TOTAL | $ 6,642 | $ 2,864 |
<PAGE> 14
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 7.33% and
6.25% for 1995 and 1994, respectively.
Federal Income Taxes
The Company, together with other members of the CSW System, files a
consolidated federal income tax return and participates in a tax
sharing agreement with the other members of the CSW system. 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.
2. Benefit Plans
Defined Benefit Pension Plan
The Company, together with other members of the CSW System,
participates in a non-contributory defined benefit pension plan
covering substantially all 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.
<PAGE> 14a
The components of net periodic pension cost and the assumptions used
in accounting for pensions follow:
1995 1994
(thousands) (thousands)
Net Periodic Pension Cost
Service cost $ 3,442 $ 1,915
Interest cost on projected
benefit obligation 10,886 5,281
Actual return on plan assets (19,879) (374)
Net amortization and deferral 7,425 (5,936)
$ 1,874 $ 886
Discount rate 8.00% 8.25%
Long-term compensation increase 5.46% 5.46%
Return on plan assets 9.50% 9.50%
Health and Welfare Plans
The Company, with other members of the CSW System, had medical,
dental, group life insurance, dependent life insurance, and accidental
death and dismemberment plans for substantially all active CSW System
employees during 1995. The contributions, recorded on a pay-as-you-go
basis, for the years ended December 31, 1995 and 1994 were
approximately $3,411,000 and $905,000, respectively.
Postretirement Benefits Other Than Pensions
The Company adopted Statement of Financial Accounting Standards No.
106, Employers' Accounting for Postretirement Benefits Other Than
Pensions (SFAS No. 106) effective January 1, 1993. In prior years,
these benefits were accounted for on a pay-as-you-go basis.
The components of net periodic postretirement benefit cost follow:
1995 1994
(thousands) (thousands)
Net Periodic Postretirement Benefit Cost
Service cost $ 428 $ 482
Interest cost on APBO 439 437
Actual return on plan assets (231) (28)
Amortization of transition obligation 195 194
Net amortization and deferral 35 (111)
$ 866 $ 974
<PAGE> 14b
A reconciliation of the funded status of the plan to the amounts
recognized on the consolidated balance sheets follow:
1995 1994
(thousands)
APBO
Retirees $ 2,483 $ 2,055
Other fully eligible participants 1,260 787
Other active participants 6,062 2,547
Total APBO 9,805 5,389
Less: Plan assets at fair value 3,453 2,399
APBO in excess of plan assets 6,352 2,990
Unrecognized transition obligation (3,300) (3,485)
Unrecognized gain or (loss) (2,972) 710
Accrued Cost $ 80 $ 215
The assumptions used in accounting for SFAS No. 106 follow:
1995 1994
Discount rate 8.00% 8.25%
Return on plan assets 9.50% 9.50%
Tax rate on plan assets 39.60% 39.60%
3. 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.
Notes payable to associate companies.
The carrying amount approximates fair value because of the short
maturity of those instruments.
Other 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> 14c
The estimated fair value of the Company's financial instruments are as
follows:
1995
(thousands)
Carrying Fair
Amount Value
Cash and temporary cash
investments $ 7,238 $ 7,238
Notes payable to associate companies 49,168 49,168
Other long-term debt 59,936 59,936
4. 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, 1995, the CSW System
had bank lines of credit aggregating $900 million.
<PAGE> 15
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
SCHEDULE XV - COMPARATIVE INCOME STATEMENT
(thousands)
______________________________________________________________________________
|ACCOUNT DESCRIPTION | CURRENT | PRIOR |
| | YEAR | YEAR |
INCOME | | |
| | |
457 Services rendered to associate companies | $209,989 | $219,707 |
458 Services rendered to nonassociate companies | 24 | - |
421 Miscellaneous income or loss | 7,437 | 73 |
| | |
TOTAL INCOME | 217,450 | 219,780 |
| | |
| | |
| | |
EXPENSES | | |
920 Salaries and wages | 64,454 | 69,334 |
921 Office supplies and expenses | 35,304 | 23,550 |
922 Administrative expense transferred - credit | (722) | (1,049) |
923 Outside services employed | 57,602 | 63,794 |
924 Property insurance | 113 | 61 |
925 Injuries and damages | 132 | 170 |
926 Employee pensions and benefits | 9,232 | 20,217 |
928 Regulatory commission expense | 881 | 4 |
930.1 General advertising expenses | 5,025 | 785 |
930.2 Miscellaneous general expenses | 3,117 | 4,900 |
931 Rents | 14,530 | 12,646 |
932 Maintenance of structures and equipment | 3,261 | 4,569 |
403 Depreciation and amortization expense | 8,133 | 6,392 |
408 Taxes other than income taxes | 6,036 | 6,770 |
409 Income taxes | (2,500) | (2,253) |
410 Provision for deferred income taxes | 4,239 | 2,361 |
411 Provision for deferred income taxes - credit| (658) | (117) |
411.5 Investment tax credit | - | - |
426.1 Donations | 785 | 1,750 |
426.5 Other deductions | 1,517 | 1,286 |
427 Interest on long-term debt | 4,036 | 568 |
430 Interest on debt to associate companies | 2,859 | 4,042 |
431 Other interest expense | 74 | - |
| | |
TOTAL EXPENSE | 217,450 | 219,780 |
| | |
| | |
NET INCOME OR (LOSS) | $ - | $ - |
<PAGE> 16
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
ASSOCIATE COMPANIES - ACCOUNT 457
(thousands)
<TABLE>
<CAPTION>
_______________________________________________________________________________________
| | DIRECT | INDIRECT | COMPENSATION | TOTAL |
| | COSTS | COSTS | FOR USE | AMOUNT |
| NAME OF ASSOCIATE COMPANY | CHARGED | CHARGED | OF CAPITAL | BILLED |
| 457-1 | 457-2 | 457-3 | |
<S> <C> <C> <C> <C>
| | | | |
Central and South West Corporation | $ 28,731 | $ 8,209 | $ 590 | $ 37,530 |
| | | | |
Central Power and Light Company | 39,230 | 15,970 | 677 | 55,877 |
| | | | |
Public Service Company of Oklahoma | 25,166 | 11,914 | 502 | 37,582 |
| | | | |
Southwestern Electric Power Company| 28,539 | 13,254 | 601 | 42,394 |
| | | | |
West Texas Utilities Company | 17,910 | 6,103 | 348 | 24,361 |
| | | | |
Transok, Inc. | 2,792 | 1,249 | 77 | 4,118 |
| | | | |
CSW Credit, Inc. | 782 | 4 | 4 | 790 |
| | | | |
CSW Energy, Inc. | 2,474 | 268 | 42 | 2,784 |
| | | | |
CSW International, Inc. | 535 | 69 | 6 | 610 |
| | | | |
CSW Communications, Inc. | 3,556 | 17 | 12 | 3,585 |
| | | | |
CSW Leasing, Inc. | 8 | - | - | 8 |
| | | | |
EnerShop, Inc. | 350 | - | - | 350 |
TOTAL | $ 150,073 | $ 57,057 | $ 2,859 | $209,989 |
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES - ACCOUNT 458
(thousands)
INSTRUCTION:
Provide a brief description of the services rendered to each nonassociate company:
__________________________________________________________________________________________________________________
| | 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 | |
<S> <C> <C> <C> <C> <C> <C>
| | | | | | |
1. Tippett & Gee | $ 11 | $ - | $ - | $ - | $ - | $ 11 |
| | | | | | |
2. Burns & McDonnell | 12 | | | | | 12 |
| | | | | | |
3. Timple Inland | 1 | | | | | 1 |
TOTAL | $ 24 | $ - | $ - | $ - | $ - | $ 24 |
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 |
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
920 Salaries and Wages |$ 34,946 | $ 29,498 | $ 64,444 |$ 10 | $ - |$ 10 |$ 34,956 | $ 29,498 | $ 64,454 |
921 Office Supplies and Expenses | 26,714 | 8,589 | 35,303 | 1 | - | 1 | 26,715 | 8,589 | 34,304 |
922 Administrative Expense | | | | | | | | | |
Transferred-Credit | 7,116 | (7,841)| (725)| 3 | - | 3 | 7,119 | (7,841)| (722)|
923 Outside Services Employed | 52,411 | 5,186 | 57,597 | 5 | - | 5 | 52,416 | 5,186 | 57,602 |
924 Property Insurance | 113 | - | 113 | - | - | - | 113 | - | 113 |
925 Injuries and Damages | 128 | - | 128 | 4 | - | 4 | 132 | - | 132 |
926 Employee Pensions and Benefits| 3,814 | 5,417 | 9,231 | 1 | - | 1 | 3,815 | 5,417 | 9,232 |
928 Regulatory Commission Expense | 881 | - | 881 | - | - | - | 881 | - | 881 |
930.1 General Advertising Expenses | 4,474 | 551 | 5,025 | - | - | - | 4,474 | 551 | 5,025 |
930.2 Miscellaneous General Expenses| 2,403 | 714 | 3,117 | - | - | - | 2,403 | 714 | 3,117 |
931 Rents | 9,719 | 4,811 | 14,530 | - | - | - | 9,719 | 4,811 | 14,530 |
932 Maintenance of Structures and | | | | | | | | | |
Equipment | 2,567 | 694 | 3,261 | - | - | - | 2,567 | 694 | 3,261 |
403 Depreciation and Amortization | | | | | | | | | |
Expense | 1,914 | 6,219 | 8,133 | - | - | - | 1,914 | 6,219 | 8,133 |
408 Taxes Other than Income Taxes | 3,124 | 2,912 | 6,036 | - | - | - | 3,124 | 2,912 | 6,036 |
409 Income Taxes | (2,500)| - | (2,500)| - | - | - | (2,500) | - | (2,500)|
410 Provision for Deferred Income | | | | | | | | | |
Taxes | 4,239 | - | 4,239 | - | - | - | 4,239 | - | 4,239 |
411 Provision for Deferred Income | | | | | | | | | |
Taxes - Credit | (658)| - | (658)| - | - | - | (658)| - | (658)|
411.5 Investment Tax Credit | - | - | - | - | - | - | - | - | - |
426.1 Donations | 731 | 54 | 785 | - | - | - | 731 | 54 | 785 |
426.5 Other Deductions | 968 | 549 | 1,517 | - | - | - | 968 | 549 | 1,517 |
427 Interest on Long-Term Debt | 3,810 | 226 | 4,036 | - | - | - | 3,810 | 226 | 4,036 |
431 Other Interest Expense | 4 | 70 | 74 | - | - | - | 4 | 70 | 74 |
TOTAL EXPENSES | 156,918 | 57,649 | 214,567 | 24 | - | 24 | 156,942 | 57,649 | 214,591 |
Compensation for Use of Equity| | | | | | | | | |
Capital | - | - | - | - | - | - | - | - | - |
430 Interest on Debt to Associate | | | | | | | | | |
Companies | 2,859 | - | 2,859 | - | - | - | 2,859 | - | 2,859 |
TOTAL COST OF SERVICE |$159,777 | $ 57,649 |$ 217,426 |$ 24 | $ - |$ 24 |$159,801 | $ 57,649 |$ 217,450 |
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 |
| | TOTAL | | | | | | | |
|ACCOUNT DESCRIPTION OF ITEMS | AMOUNT | OVERHEAD | EXEC |TECH SVCS| ADMIN | FOSSIL | ENG | LEGAL |
<S> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | |
920 Salaries and Wages | $ 64,454 | $ 575 | $ 3,383 | $ 7,009 | $ 9,205 | $ 1,495 | $ 6,232 | $ 2,779 |
921 Office Supplies and Expenses | 35,304 | 2,487 | 445 | 859 | 4,259 | 159 | 4,816 | 1,083 |
922 Administrative Expense | | | | | | | | |
Transferred - Credit | (722)| (722)| - | - | - | - | - | - |
923 Outside Services Employed | 57,602 | 932 | 129 | 714 | 3,068 | 14 | 10,859 | 8,113 |
924 Property Insurance | 113 | - | - | - | 113 | - | - | - |
925 Injuries and Damages | 132 | - | - | - | 132 | - | - | - |
926 Employee Pensions and Benefits | 9,232 | 3 | 46 | 1 | 8,486 | 1 | 11 | 20 |
928 Regulatory Commission Expense | 881 | - | - | - | - | - | - | - |
930.1 General Advertising Expenses | 5,025 | - | - | - | 77 | - | - | - |
930.2 Miscellaneous General Expenses | 3,117 | - | 167 | 27 | 540 | 5 | 521 | 635 |
931 Rents | 14,530 | 3,672 | 66 | 138 | 664 | 33 | 1,360 | 342 |
932 Maintenance of Structures and | | | | | | | | |
Equipment | 3,261 | 548 | 8 | - | 402 | 2 | 21 | 22 |
403 Depreciation and Amortization | | | | | | | | |
Expense | 8,133 | 6,216 | - | - | 1,917 | - | - | - |
408 Taxes Other Than Income Taxes | 6,036 | 672 | 4 | - | 4,760 | - | - | 1 |
409 Income Taxes | (2,500)| - | - | - | - | - | - | - |
410 Provision for Deferred Income | | | | | | | | |
Taxes | 4,239 | - | - | - | - | - | - | - |
411 Provision for Deferred Income | | | | | | | | |
Taxes-Credit | (658)| - | - | - | - | - | - | - |
411.5 Investment Tax Credit | - | - | - | - | - | - | - | - |
426.1 Donations | 785 | - | 33 | 1 | 89 | - | - | 27 |
426.5 Other Deductions | 1,517 | 73 | 24 | - | 1,360 | - | - | (9)|
427 Interest on Long-Term Debt | 4,036 | 226 | - | - | 3,810 | - | - | - |
430 Interest on Debt to Associate | | | | | | | | |
Companies | 2,859 | - | - | - | 2,859 | - | - | - |
431 Other Interest Expense | 74 | - | - | - | 74 | - | - | - |
| | | | | | | | |
TOTAL EXPENSES | $217,450 | $14,682 | $ 4,305 | $ 8,749 | $41,815 | $ 1,709 | $23,820 | $ 13,013 |
</TABLE>
<PAGE> 19a
<TABLE>
<CAPTION>
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
SCHEDULE XVII - SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands)
Instructions:
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 | MARKETING | INFO SERVICES | NUCLEAR | AUDITS | SPI | CORP DEV | FUEL |
<S> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | |
920 | $ 7,453 | $ 3,085 | $ 13,718 |$ 165 | $ 1,507 |$ 1,509 | $ 3,818 | $2,521 |
921 | 2,865 | 1,552 | 9,617 | 23 | 324 | 442 | 6,043 | 330 |
922 | - | - | - | - | - | - | - | - |
923 | 3,047 | 1,684 | 7,505 | - | 31 | 1,546 | 15,556 | 4,404 |
924 | - | - | - | - | - | - | - | - |
925 | - | - | - | - | - | - | - | - |
926 | 561 | 1 | 1 | - | 9 | 118 | (34) | 8 |
928 | - | - | - | - | - | - | 881 | - |
930.1 | 75 | 4,676 | - | - | 1 | 1 | 195 | - |
930.2 | 837 | 2 | 142 | 7 | - | 1 | 187 | 46 |
931 | 222 | 121 | 7,406 | - | 12 | - | 486 | 8 |
932 | 748 | - | 1,524 | - | 3 | 1 | (20) | 2 |
403 | - | - | - | - | - | - | - | - |
408 | 594 | - | - | - | 1 | - | 4 | - |
409 | (2,500)| - | - | - | - | - | - | - |
410 | 4,239 | - | - | - | - | - | - | - |
411 | (658)| - | - | - | - | - | - | - |
411.5 | - | - | - | - | - | - | - | - |
426.1 | 554 | - | - | - | 2 | - | 79 | - |
426.5 | 66 | - | - | - | - | - | 3 | - |
427 | - | - | - | - | - | - | - | - |
430 | - | - | - | - | - | - | - | - |
431 | - | - | - | - | - | - | - | - |
| | | | | | | | |
TOTAL EXPENSES | $ 18,103 | $ 11,121 | $ 39,913 |$ 195 | $ 1,890 |$ 3,618 | $ 27,198 | $7,319 |
</TABLE>
<PAGE> 20
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920
(thousands)
<TABLE>
<CAPTION>
_______________________________________________________________________________________
| | DEPARTMENTAL SALARY EXPENSE | |
| NAME OF DEPARTMENT | | INCLUDED IN AMOUNTS BILLED TO | NUMBER OF |
| INDICATE EACH DEPARTMENT | TOTAL | PARENT | OTHER | NON | PERSONNEL |
| OR SERVICE FUNCTION | AMOUNT | COMPANY | ASSOCIATES | ASSOCIATES |END OF YEAR|
<S> <C> <C> <C> <C> <C>
| | | | | |
Executive |$ 3,383 | $ 2,332 | $ 1,051 | $ - | 17 |
Technical Services | 7,009 | 185 | 6,824 | - | 12 |
Administration (1) | 9,752 | 35 | 9,716 | 1 | 260 |
Fossil Generation | 1,495 | 24 | 1,471 | - | 23 |
Production Engineering | 6,232 | 262 | 5,966 | 4 | 223 |
Legal (2) | 2,780 | 376 | 2,404 | - | 4 |
Corporate Services | 7,453 | 2,423 | 5,030 | - | 172 |
Marketing | 3,085 | 51 | 3,034 | - | 63 |
Information Services (3) | 13,745 | 292 | 13,453 | - | 246 |
Nuclear Engineering | 165 | 19 | 146 | - | 1 |
Audits | 1,507 | 565 | 942 | - | 27 |
System Process Improvement | 1,509 | 18 | 1,491 | - | 18 |
Corporate Development | 3,818 | 2,638 | 1,180 | - | 3 |
Fuels | 2,521 | 51 | 2,465 | 5 | 40 |
TOTAL |$64,454 | $ 9,271 | $ 55,173 | $ 10 | 1,109 |
(1) Total amount includes $547,000 of salaries shown as Overhead on
Schedule XVII
(2) Total amount includes $1,000 of salaries shown as Overhead on Schedule XVII
(3) Total amount includes $27,000 of salaries shown as Overhead on Schedule XVII
</TABLE>
<PAGE> 21
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 include within one subaccount
is less than $25,000, only the aggregrate number and amount of all such
payments included within the subaccount need to be shown. Provide a
subtotal for each type of service.
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7410
Auditing Services
Arthur Anderson & Co. Dallas, TX $ 288
Other (6) 73
$ 361
A/C 9230 7420
Legal Services
Access Managment Corporation Minneapolis, MN $ 59
Aegis Insurance Services, Inc Dallas, TX (649)
American Electric Power Co. Inc Columbus, OH 48
Arter & Hadden Washington, D.C. 30
Barlow & Hardtner, L.C. Shreveport, LA 1,065
Bracewell & Patterson Houston, TX 346
Brattle/IRI Inc Cambridge, MA 37
Brown McCarroll & Oaks Hartline Austin, TX 85
Broyles & Pratt Corpus Christi, TX 1,303
Christy & Viener New York City, NY 786
Clark, Thomas & Winters Austin, TX 185
Coopers & Lybrand LLP Dallas, TX 86
Crowell & Moring Washington, D.C. 46
David E Byers Tulsa, OK 123
Document Services Dallas, TX 232
Doerner, Saunders, Daniel & Anderson Tulsa, OK 625
Donelan, Cleary, Wood & Maser Washington, D.C. (154)
Electronic Data Systems Charlotte, NC 45
Escalation Consultants Inc. Gaithersburg, MD 28
Fieldston Company Washington, D.C. 228
Forensic Technologies Baltimore, MD 105
Gibbs & Burns LLP Houston, TX 214
Gilmartin, Poster & Shafto New York City, NY 99
Haynes and Boone LLP Dallas, TX 485
Jarod E. Hazelton Bryan, TX 42
Jones, Day, Reavis & Pogue Washington, D.C. 1,451
Keller & Heckman Washington, D.C. 393
L.E. Peabody & Associates, Inc Alexandria, VA (104)
Lexecon, Inc. Chicago, IL 76
Locke, Purnell, Rain & Harrell Dallas, TX 56
Management Applications Consulting,
Inc Sinking Spring, PA 35
Marc B. Victor Professional
Corporation Menlo, CA 74
Maroney, Crowley, Bankston,
Richardson & Hull LLP Austin, TX 45
<PAGE> 21a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7420 (continued)
McCall, Parkhurst & Horton LLP Dallas, TX 127
McDermott, Will & Emery Washington, DC 178
Milbank, Tweed, Hadley & McCoy New York City, NY 4,050
National Economic Research
Associates Newark, NJ 72
Professor Elizabeth Warren Bala Cynwyd, PA 32
Putnam, Hayes & Bartlett, Inc Cambridge, MA 33
Sheinfeld, Maley & Kay Houston, TX 397
Sidley & Austin Chicago, IL 178
Slover & Loftus Washington, D.C. 1,305
Stone, Pigman, Walther, Wittman &
Hutchinson New Orleans, LA 101
Sullivan & Worchester New York City, NY 74
Taichert, Wiggins, Virtue, Wilson
& Najjar Santa Fe, NM 223
Troutman Sanders Atlanta, GA 181
Veenstra & Associates Danville, IN 42
Vinson & Elkins LLP Houston, TX 1,804
Wagstaff, Alvis, Stubbeman,
Seamster & Longacre LLP Abilene, TX 290
White, Coffey, Galt & Fite Oklahoma City, OK 32
Other (62) 389
$ 17,033
A/C 9230 7430
System Design Consulting
AIC International Corporation Minneapolis, MN $ 123
Aims Consulting, Inc Dallas, TX 81
Analysts International Corporation Minneapolis, MN 80
Arthur Andersen & Co. Dallas, TX 357
Business Information Technology Denver, CO 648
Computer People, Inc Newark, NJ 104
Cutler/Williams Charlotte, NC 364
Data Dynamics, Inc Tulsa, OK 180
Database Framer, Inc Grapevine, TX 126
Electrotek Concepts, Inc Mountain View, CA 85
Energy and Environmental Economics,
Inc San Francisco, CA 71
Gartner Group Rochester, NY 67
GTE Dallas, TX (78)
Hewitt Associates Chicago, IL 161
IBM DFW Utilities Dallas, TX 437
Indus Group San Francisco, CA 143
Industrial Telecommunications
Association, Inc. Arlington, VA 67
Intergraph Corporation Atlanta, GA 133
International Business Machines Dallas, TX 94
James Martin & Company Merrifield, VA 1,138
Main Factors, Inc Dallas, TX 208
Management Applications Consulting,
Inc Sinking Spring, PA 64
<PAGE> 21b
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7430 (continued)
Manpower Inc Milwaukee, WI 67
Montare International Dallas, TX 289
New Data Strategies Dallas, TX 49
Programming Systems Personnel Broken Arrow, OK 51
S & J Group, Inc Horsheshoe Bay, TX 27
Simware Chicago, IL 78
Skaistis & Co Tulsa, OK 27
Soft Tech Systems Corpus Christi, TX 199
Software Architects, Inc Westchester, IL 135
SPR Systems & Programming Tulsa, OK 618
Stalter, AL / EDP Management
Consultant Dallas, TX 230
Sykes Enterprises, Inc Charlotte, NC 123
Systems & Programming Resources Tulsa, OK 1,080
Team Consulting, Inc Ft. Collins, CO 96
The Salisbury Group, Inc Dallas, TX 28
Viewstar Corporation Alameda, CA 66
Other (51) 300
$ 8,116
A/C 9230 7450
Temporary Personnel
Accountemps San Francisco, CA $ 78
Accounting Principals Tulsa, OK 463
Arthur Andersen & Co. Dallas, TX 174
Computemp of Dallas, Inc Boca Raton, FL 214
Ecom Elite Computer Consultants Houston, TX 68
Electrotek Concepts, Inc Mountain View, CA 84
Energy & Environmental Economics,
Inc San Francisco, CA 156
Firstword Temporaries, Inc Atlanta, GA 138
GAS Unlimited, Inc Houston, TX 55
High Profile, Inc Dallas, TX 41
Imprimis Group, Inc Dallas, TX 344
Intergraph Corporation Atlanta, GA 108
John Stephen Harrison Associates
LTD Toronto, ON 52
Key Temporary Tulsa, OK 210
Management Applications Consulting,
Inc Sinking Spring, PA 38
Manpower, Inc Milwaukee, WI 292
Moore Business Forms & System Atlanta, GA 149
Olsten Staffing Services, Inc Melville, NY 56
Pro Staff Person Dallas, TX 255
Richard Abbott Broken Arrow, OK 26
RM Personnel, Inc El Paso, TX 38
Secore Services, Inc Norcross, GA 112
Software Consortium Desoto, TX 25
Tad Resources Charlotte, NC 58
<PAGE> 21c
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7450 (continued)
Vinson and Associates Dallas, TX 743
Other (129) 268
$ 4,245
A/C 9230 7460
Outside Engineering
Contemporary Construction, Inc San Antonio, TX $ 40
Electric Power Research Institute San Francisco, CA 471
Energy Managment Association, Inc Charlotte, NC 26
Kysor Need Fort Worth, TX 63
New Mexico State University Las Cruces, NM 84
Reed Consulting Group Lexington, MA 120
Sun Technical Services, Inc Mission Viejo, CA 206
Texas Tech University Lubbock, TX 100
Tippett & Gee, Inc Abilene, TX 77
University of Texas at Austin Austin, TX 45
University of Texas at El Paso El Paso, TX 68
Zond Systems, Inc Tehachapi, CA 1,578
Other (26) 110
$ 2,988
A/C 9230 7470
Outside Tax Services
Arthur Andersen & Co. Fort Worth, TX $ 82
Dolgin & Associates St. Louis, MO 48
Real Estate Tax Service, Inc Dallas, TX 187
Other (19) 71
$ 388
A/C 9230 7480
Employment Agency Fees
Express Personnel Services Oklahoma City, OK $ 51
Ned Tannebaum & Partners Miami, FL 37
Other (21) 111
$ 199
A/C 9230 7490
Outside Services - Other
A & C Enercom Consultants, Inc Atlanta, GA $ 89
Access Management Corporation Minneapolis, MN 75
Arter & Hadden Washington, D.C. 56
Arthur Andersen & Co. Dallas, TX 875
Ascension Technology, Inc Lincoln Center, MA 43
Bracewell & Patterson Houston, TX 120
Broyles & Pratt Corpus Christi, TX 338
Burson-Marsteller Atlanta, GA 212
<PAGE> 21d
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7490 (continued)
Cambridge Reports Research
International Cambridge, MA 122
Cazenove Dallas, TX 386
Chemical Bank New York City, NY 28
Citibank International London, England 1,113
City of El Paso El Paso, TX 343
Concurrent Technologies Corporation Johnstown, PA 30
CS First Boston Limited London, England 1,481
CSC Research Advisory Services Dallas, TX 25
D.C. Cadd Company, Inc San Antonio, TX 81
Dames & Moore Los Angeles, CA 40
Deloitte & Touche LLP Atlanta, GA 78
Document Services Dallas, TX 145
Dolphin Software, Inc Lake Oswego, OR 150
Duff & Phelps Credit Rating Co. Chicago, IL 60
Edison Electric Institute Kearneysville, WV 51
Electric Power Research Institute Charlotte, NC 1,735
Electronic Data Systems Charlotte, NC 558
Energy Managment Association, Inc Charlotte, NC 191
EPS Solutions Minneapolis, MN 51
ESCA Corporation Bellevue, WA 2,631
Espey, Huston & Associates, Inc Dallas, TX 228
Fieldston Company, Inc Washington, D.C. 78
Financial Dynamics Dallas, TX 154
Financo, Inc Austin, TX 456
Gardner Merchant Food Service, Inc Newark, NJ 148
Gary, R.J. Dallas, TX 56
Geraghty & Miller, Inc Baltimore, MD 37
Gerald W. Tucker Highland Village, TX 369
Hance & Scarborough, Woodward
& Weisbart Austin, TX 90
Herbert B. Cohn Washington, D.C. 32
Hewitt Associates Chicago, IL 490
Houston Lighting & Power Co. Houston, TX 29
Huther and Associates, Inc Carrolton, TX 43
IBM DFW Utilities Dallas, TX (61)
Indus Group San Francisco, CA 276
Interaction Design, Inc Austin, TX 48
Intergraph Corporation Atlanta, GA 56
ISSC, Inc Dallas, TX 36
J P Morgan Securities, Inc New York City, NY 100
Jack Ellis Los Altos, CA 136
James Martin & Company Merrifield, VA (47)
Jim Folmar Laredo, TX 74
Jim Olvera Dallas, TX 28
John A. Jeter Plano, TX 30
John W. Anderson Albuquerque, NM 45
Johnson, Smith, Kitzmiller & Stewart Washington, D.C. 93
<PAGE> 21e
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7490
KEI Consultants, Inc San Antonio, TX 26
Kennedy and Associates, Inc Atlanta, GA 71
LEK/Alcar Consulting Group LP Boston, MA 63
Lightmedia Interactive Corporation Upper Darby, PA 40
Logical Operations Rochester, NY 84
Logical Resources, Inc Dallas, TX 52
Louisiana Department of
Environmental Quality Baton Rouge, LA 29
Mach2Media Dallas, TX 41
Mail Advertising Corporation Abilene, TX 85
Management Applications Consulting,
Inc Sinking Spring, PA 34
Manpower, Inc Milwaukee, WI 29
Marshall Group, Inc Scottsdale, AZ 132
Merrill Lynch Dallas, TX (105)
Michael Doyle & Associates San Francisco, CA 91
Minority Search, Inc Dallas, TX 28
Mobile Health Testing, Inc Pearland, TX 59
Moody's Investor Service Atlanta, GA 91
Moore Business Forms & System Atlanta, GA 345
Morgan Guaranty Trust Company New York City, NY 26
Morgan Stanley, Inc New York City, NY 164
Morrison's Hospitality Group Newark, NJ 65
MPS Computer Services Carrollton, TX 66
National Association of Business
& Educational Radio Washington, D.C. 51
National Economic Research
Associates Newark, NJ 143
New Mexico State University Las Cruces, NM (47)
Newman Graphics Corporation Dallas, TX 67
Office of Water Resources Baton Rouge, LA 37
Oldaker, Ryan & Leonard Washington, D.C. 61
Pace Incorporated Minneapolis, MN 25
Parsons Engineering Science, Inc Los Angeles, CA 27
Pentagram Design, Inc Austin, TX 49
Planergy, Inc Austin, OK 89
Planmetrics, Inc Chicago, IL 100
Potomac Communications Group Washington, D.C. 39
Power Technologies, Inc New York City, NY 44
Public Strategies, Inc Austin, TX 216
Putnam, Hayes & Bartlett, Inc Cambridge, MA 52
Read-Poland Associates Austin, TX 397
Red Simpson, Inc Pineville, LA 527
Red System Harligen, TX 84
Reed Consulting Group Dallas, TX 53
Reedie & Company LC Houston, TX 202
Regional Economics Model Inc Amherst, MA 94
Reytheon Service Company Burlington, MA 83
Richard L. Simon M.S. Mill Valley, CA 51
<PAGE> 21f
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
(thousands)
FROM WHOM PURCHASED ADDRESS AMOUNT
A/C 9230 7490
Robert E. Kilmer Arlington, TX 70
Scott D. Wilson Dallas, TX (27)
Sibley Peteet Design Dallas, TX 59
Southwest Power Pool Little Rock, AR 49
Southwestern Public Service Company Amarillo, TX 112
Spectrum Systems, Inc Pensacola, FL 346
Standard & Poor's Chicago, IL 29
Stone, Pigman, Walther, Wittmann &
Hutchinson New Orleans, LA 98
Summerford Design, Inc Dallas, TX 57
Sun Technical Services, Inc Mission Viejo, CA 363
Telemagic, Inc Dallas, TX 40
Texas Natural Resource Conservation
Commission Austin, TX 1,559
The Mail Box Dallas, TX 97
Trammell Crow Company Dallas, TX 561
Visions West Colorado Springs, CO 58
WEFA, Inc Philadelphia, PA 38
Westgate Research Inc St. Louis, MO 49
William Steinmeier P.C. Jefferson City, MO 36
Wilson Consulting Group St. Petersburg, FL 89
Wilson Kullman McCord, Inc Corpus Christi, TX 86
Winner/Wagner & Mandabach Campaigns Encino, CA 203
WireOne San Rafacl, CA 49
Xenergy, Inc Boston, MA 400
Other (528) 1,760
$ 24,272
TOTAL OUTSIDE SERVICES $ 57,602
<PAGE> 22
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ 1 ,876 |
| |
Thrift Plan | 1,414 |
| |
Medical Plan | 3,391 |
| |
Benefit Plan Trustee Fee | (33)|
| |
Employee Assistance Program | 148 |
| |
Health and Fitness Program | 9 |
| |
Employee Awards and Events Program | 108 |
| |
Accidental Death and Disability | 38 |
| |
Relocation Expenses - Americorp | 1,199 |
| |
System Employee Benefits | 340 |
| |
Retired Employee Benefits | 1,172 |
| |
Educational Assistance | 258 |
| |
Others (60) | (688)|
TOTAL | $ 9,232 |
<PAGE> 23
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | Advertising Consultants | $8 |
| BSA Advertising | 68 |
| | |
Fees for Investor/Public | | |
Relations | Conde Nast Publishing | 5 |
| Guerra, Pena | 22 |
| Progressive Marketing | 575 |
| Research Magazine | 45 |
| Tulsa Oilers Hockey, Inc.| 7 |
| Others (6) | 14 |
| | |
| | |
Fees for Marketing/General | Advertising Consultants | 12 |
| Bender Direct Mail | 3 |
| Black Dog Production | 460 |
| Brothers & Company | 955 |
| Cherry Street Mile | 5 |
| Clark & Gregory | 4 |
| Donrey Outdoor | |
| Advertising Company | 4 |
| Dutchmans Imagination | 18 |
| Guerra, Pena | 89 |
| Hist & Fritz Creative | |
| Media | 16 |
| Ideas in Action | 10 |
| J L Media, Inc. | 1,643 |
| KOKI - TV | 4 |
| Littlefield Marketing | 28 |
| Modern Bindery, Inc. | 9 |
| Moore Sydication | 22 |
| National Association of | |
| Town Watch | 3 |
| New Hope Communications, | |
| Inc. | 5 |
| North Texas Public | |
| Broadcasting, Inc. | 9 |
| Oklahoma Press Assoc. | 761 |
| Oklahoma Press Service, | |
| Inc. | 12 |
| Outdoor Placement of TX | 79 |
| Pabst Creative | |
| Communications, Inc. | 5 |
| Postmaster | 8 |
| Progressive Mktg, Inc. | 11 |
<PAGE> 23a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
GENERAL ADVERTISING EXPENSES - ACCOUNT 930.1
(thousands)
____________________________________________________________________________
| DESCRIPTION | NAME OF PAYEE | AMOUNT |
| | |
Fees for Marketing/General | Rancho Penitas Lease | 13 |
| Rio Shelters, Inc. | 8 |
| Sanders, Wingo, Galvin, | |
| & Associates | 9 |
| Sibley Design | 22 |
| Synergistic Systems | 3 |
| Team Aztec | 3 |
| Tulsa People Magazine | 7 |
| Other (58) | 41 |
| TOTAL | $5,025 |
<PAGE> 24
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $1,294 |
Company Relocation Expenses | 6 |
Trustee, Registrar, and Transfer Agent Fees | 564 |
Stockholders Meeting Expense | 6 |
Dividend Letter | 189 |
Directors' Fees and Expenses | 688 |
Publish and Distribute Annual Report | 307 |
Directors' Meetings Expense | 113 |
Contract Programming | (50) |
| |
TOTAL | $3,117 |
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $2,105 |
Offsite Storage Space Rent | 154 |
Computer Timesharing Rent | 129 |
Computer Software Rent | 6,448 |
Computer Equipment Rent | 2,592 |
Automobile Rent | 294 |
Other Rent | 2,808 |
| |
TOTAL | $14,530 |
<PAGE> 25
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ 70 |
Property and Other Taxes | 1,656 |
| |
Subtotal | 1,726 |
| |
U. S. Government Taxes: | |
Social Security Taxes | 4,246 |
Federal Unemployment Taxes | 64 |
| |
Subtotal | 4,310 |
| |
TOTAL | $ 6,036 |
<PAGE> 26
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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|
| | | |
Baylor Health Care System | | |
Foundation | Contribution to support the organization | $25|
| | |
Baylor Medical Foundation | Contribution to support the organization | 25|
| | |
Boy Scouts of America | Sustaining membership | 34|
| | |
Catering Connection | Contribution to support community service | |
| organizations | 3|
| | |
Center for Legislative | | |
Energy and Environmental| | |
Research | Contribution to support the organization | 10|
| | |
Circle Ten Council - Boy | Contribution to support activities of the | 50|
Scouts of America | organization | |
| | |
Contact 214 | Corporate contribution | 6|
| | |
Dallas Business Committee | | |
for the Arts | Membership dues | 3|
| | |
Dallas CV, Inc. | Contribution to support the organization | 22|
| | |
Dallas Opera | Annual fund campaign contribution | 8|
| | |
Dallas Symphony | | |
Association, Inc. | Annual fund campaign contribution | 15|
| | |
Dallas Theater Center | Contribution to support the organization | 8|
| | |
Greater Dallas Chamber | | |
of Commerce | Annual membership contribution | 24|
| | |
GTE Bryon Nelson | Corporate sponsorship | 19|
| | |
Nature Conservancy of | | |
Texas | Corporate sponsorship | 15|
| | |
North Texas Public | | |
Broadcasting, Inc. | Contribution to support the organization | 4|
| | |
Philbrook Museum of Art | Contribution to support activities of the | |
| organization | 7|
| | |
Progress & Freedom | Contribution to support activities of the | |
Foundation | organization | 25|
| | |
Science Place, The | Contribution to support the organization | 3|
<PAGE> 26a
DONATIONS - CONTINUED
(thousands)
______________________________________________________________________________
| NAME OF RECIPIENT | PURPOSE OF DONATION |AMOUNT|
| | |
Shelter Golf Dallas | Contribution to support activities of the | |
| organization | 8|
| | |
Socorro Independent | Contribution to support educational | |
School District | activities | 12|
| | |
Southwestern Ball | Contribution to support educational | |
| activities | 5|
| | |
Southwestern International| Contribution to support educational | |
Livestock Show | activities of the organization | 3|
| | |
State Preservation Board | Contribution for capital restoration | 33|
| | |
Southwestern Medical | Contribution to support activities of the | |
Center | organization | 25|
| | |
Tejas Girl Scout Council | Contribution to support the organization | 5|
| | |
Texas Association of | | |
Mexican American | | |
Chambers of Commerce | Annual membership contribution | 3|
| | |
Texas Business & | Contribution to support activities of the | |
Education Coalition | organization | 5|
| | |
Texas Council on Economic | Contribution to support activities of the | |
Education | organization | 5|
| | |
Texas Tech University | Contribution for capital and endowment | |
Capital Campaign | funds | 40|
| | |
Tulsa Area United Way | Contribution to support community service | |
| organizations | 45|
| | |
Tulsa Education Fund | Contribution to support the organization | 5|
| | |
United Way of Metropolitan| Contribution to support community service | |
Dallas, Inc. | organizations | 89|
| | |
University of Texas | Southwestern Medical Center Campaign | 74|
| | |
YMCA of Metropolitan | | |
Dallas | Contribution to the capital campaign | 5|
| Contribution to support the organization | 3|
| | |
Other (184) | | 114|
| | |
| TOTAL | $785|
<PAGE> 27
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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 | $ 876 |
| | |
Misc. Amortization | Company expense | 641 |
| | |
| | |
| TOTAL | $ 1,517 |
<PAGE> 28
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
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, 1995, were $9,323,563. See paragraph (b) for
explanation of the 1995 billing procedure.
(b) Breakdown of Data Center Billings by CRU
The actual 1995 costs for the operation of the Data Center were
$9,323,563. Costs of operation of the Data Center were charged back
to the system companies based on their usage of the computer resources.
CSWS 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. There maining "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> 28a
ANNUAL REPORT OF Central and South West Services, Inc.
For the Year Ended December 31, 1995
SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME
Usage Base Total
Company CRU's Billing Billing Billing
CPL $ 617,319 $ 617,319 $ 605,558 $1,222,877
PSO 901,065 901,065 1,148,325 2,049,390
SWEPCO 766,978 766,978 876,055 1,643,033
WTU 359,874 359,874 271,659 631,534
TRANSOK 357,708 357,708 299,463 657,171
CSWS 2,067,857 2,067,857 1,048,802 3,116,658
CSW Energy 1,707 1,707 1,190 2,900
TOTALS $5,072,508 $5,072,508 $4,251,052 $9,323,563
(c) Statement of Data Center Activities
The major activities of the Data Center during 1995 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 1995 included salaries, equipment expenses,
software services, disaster recovery, site rentals and general
supplies.
<PAGE> 29
ORGANIZATION CHART
DECEMBER 31, 1995
CHMN/CEO/
PRESIDENT
|
-----------------------------------------------------------------
| | | | |
| EXEC VP CEO | SR VP |
| | | GENERAL DIRECTOR
| | | COUNSEL CORPORATE
| VP CORPORATE EXEC VP/ | AUDIT
| DEVELOPMENT CHIEF OPER OFF |
SR VP CHIEF | LEGAL
FINANCIAL |
OFFICER |
| |
| |
VP CORPORATE |
SERVICES --------------------------------------
| | |
PRES CSWS VP MKTG/ PRES CSWS
PRODUCTION BUSINESS OPERATION
SERVICES DEVELOPMENT SERVICES
| |
--------------------------- ----------------------
| | | | | | | |
| VP | VP FOSSIL | VP INFO | VP SYSTEM
| PRODUCTION | GENERATION | RESOURCES | PROCESS
| ENGINEERING | | | IMPROVEMENT
| | | |
VP FUELS VP NUCLEAR VP TRANS/ VP ADMIN
PLANTS SUBSTATION
ENGINEERING
<PAGE> 30
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> 31
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 1994:
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 1994:
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> 32
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/ R. Russell Davis
(Signature of Signing Officer)
R. Russell Davis
(Printed Name and Title of Signing Officer)
Date: May 1,1996
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000025944
<NAME> CENTRAL AND SOUTH WEST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 93,920
<TOTAL-INVESTMENTS> 2,720
<TOTAL-CURRENT-ASSETS> 57,246
<TOTAL-DEFERRED-DEBITS> 914
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 154,800
<TOTAL-PROPRIETARY-CAPITAL> 100
<TOTAL-LONG-TERM-DEBT> 59,936
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 49,168
<OTHER-CURR-AND-ACCRUED-LIAB> 28,198
<TOTAL-DEFERRED-CREDITS> 4,749
<DEFERRED-INCOME-TAX> 12,649
<TOT-LIABIL-AND-PROPRIET-CAP> 154,800
<SERVICES-ASSOCIATE-COMPANIES> 209,989
<SERVICES-NON-ASSOCIATE-COMP> 24
<MISC-INCOME-OR-LOSS> 7,437
<TOTAL-INCOME> 217,450
<SALARIES-AND-WAGES> 64,454
<EMPLOYEE-PENSION-AND-BENEFIT> 9,232
<OTHER-EXPENSES> 143,764
<TOTAL-EXPENSES> 217,450
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 159,801
<TOTAL-EXPENSES-INDIRECT-COST> 57,649
<TOT-EXP-DIRECT-AND-INDIRECT> 217,450
<PERSONNEL-END-OF-YEAR> 1,109
</TABLE>
