CSW ENERGY INC
35-CERT, 1995-02-14
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<PAGE> 1
                  UNITED STATES OF AMERICA
                         before the
             SECURITIES AND EXCHANGE COMMISSION


PUBLIC UTILITY HOLDING COMPANY ACT OF 1935


___________________________________________
In the matter of

CSW Energy, Inc.                             REPORT FOR PERIOD
Dallas, Texas  75266-0164                    October 1, 1994 to
                                             December 31, 1994
File No. 070-08205                           PURSUANT TO RULE 24


      This  report  is  filed under Rule 24  of  the  Public
Utility  Holding  Company Act of 1935 by  CSW  Energy,  Inc.
("CSW  Energy"), a wholly owned subsidiary  of  Central  and
South  West  Corporation ("CSW").  Under HCAR 35-25866,  CSW
Energy is authorized to participate in cogeneration projects
and  to  provide consulting services with respect  to  IPPs.
Attached  is the information required pursuant to  HCAR  35-
25866.

(1)  A  schedule  of all guarantees, letters of credit,  bid
     bonds,  and other support and related fees or  interest
     payable  issued by or for the account  of  CSW  or  CSW
     Energy.  See Exhibit A.




<PAGE> 2
                      S I G N A T U R E


      As  requested by order of this Commission pursuant  to
the  Public Utility Holding Company Act of 1935, CSW Energy,
Inc.  has duly caused this report to be signed on its behalf
on this 27th day of January, 1995.



                                   CSW Energy, Inc.


                                   /s/  EDDIE PEEBLES
                                        Eddie Peebles
                                        Controller



<PAGE> 1
                                         CSW ENERGY                    Exhibit A
                                LETTERS OF CREDIT AND GUARANTEES


<TABLE>
                                 FEES    FEES    REFERENCE
PROJECT        *     AMOUNT       PD   PAYABLE    NUMBER     MATURITY    BENEFICIARY     OBLIGOR   PURPOSE       AUTHORITY
<C>            <S>  <C>          <C>     <S>      <C>        <C>       <S>                              <C>       <S>

***WPSCo       LC   $820,000     $465    N/A    TS-10023833  12/26/94  Wisconsin Public    CSW   RFP Sec. Dps     General  
                                                                         Service Co.

***SMUD        LC $2,900,000   $1,853  $1,853     S821633    10/11/94       SMUD           CSW   RFP Sec. Dps     General


***ORANGE      LC   $624,455     $798    N/A      S828479     11/8/94   Central Florida    CSW   RFP Sec. Dps     General
                                                                            Gas Co.

   SWEENEY     LC $3,000,000   $1,820  $1,701   TS-10024380   5/16/95      Phillips        CSW   Dev. Agreement   General
                                                                          Petroleum                Support

   PENTECH     LC   $250,000     $319    $319     S828504     11/8/95        SDG&E         CSW   RFP Sec. Dps     General
                                                            (EVERGREEN)

   PENTECH     LC   $250,000     $319    $319     S828505     11/8/95        SDG&E         CSW   RFP Sec. Dps     General
                                                            (EVERGREEN)

   SPUD        LC $1,000,000     $723  $1,701   TS-10024495   12/1/94     Weyerhauser      CSW   Land Purchase    General
                                                                                                 Earnest Money

**             G  $5,600,000      N/A     N/A       N/A         N/A       Weyerhauser      CSW   Land Purchas     General


**             D  $1,000,000      N/A     N/A       N/A         N/A       Weyerhauser      CSWE  Land Purchase    General
                                                                                                 Earnest Money

**             D     $50,000      N/A     N/A       N/A         N/A        Snohomish       CSWE  Sec. Dep. for    General
                                                                                                  Guarantee

   TOTAL         $15,494,455


   *         LC - Letter of Credit
              D   - Deposit
              G   - Guarantee
   **        Issued since prior qtr.
   ***      Under Specific Authority @ 12/31/94
</TABLE>


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