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 January 31, 1995 to
March 31, 1995
File No. 070-07758 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 35-25728, 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-
25728.
(1) A balance sheet as of the relevant report date. See Exhibit A.
(2) An income statement for the twelve months ended. See Exhibit B.
(3) Name, owner, and location of each IPP served by CSW
Energy during the quarter. None.
(4) The amount of compensation received for each IPP
project. None.
(5) Information on intercompany transactions with CSW
Energy related to CSW Energy's consulting services, including
(a) the name of each associate company
providing services, (b) a listing of services provided
and (c) the total dollar amount of services provided,
broken down by associate company. See Exhibit C.
(6) A schedule of aggregate development expenses and
investments as of the relevant quarterly reporting date.
See Exhibit D.
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 April, 1995.
CSW Energy, Inc.
Eddie Peebles
Controller
EXHIBIT A
CSW Energy, Inc.
Balance Sheets
March 31, 1995 and December 31, 1994
(Unaudited)
($000's)
ASSETS 3/31/95 12/31/94
CURRENT ASSETS
Accounts Receivable $ 8,668 $ 9,514
Other Current Assets 2,817 3,556
11,485 13,070
NONCURRENT ASSETS
Equity Investments 120,631 160,844
Notes Receivable 75,270 110,949
Deferred Charges and Other 32,364 17,171
228,265 288,964
TOTAL $ 239,750 $ 302,034
LIABILITIES AND EQUITY
LIABILITIES
Accounts Payable and Other $ 5,574 $ 6,565
Borrowings from CSW Corp. 149,634 221,401
Other Liabilities 5,292 3,202
Accumulated Deferred Income
Taxes 22,262 21,179
182,762 252,347
EQUITY
Common Stock 1 1
Paid in Capital 58,008 53,481
Retained Earnings (1,021) (3,795)
56,988 49,687
TOTAL $ 239,750 $ 302,034
CSW Energy, Inc.
Statements of Income
For the Twelve Months Ended March 31, 1995 and 1994
(Unaudited)
($000's)
Income: 3/31/95 3/31/94
Income from Equity Invesments $ 12,084 $ (5,071)
Interest Income 16,309 10,710
Construction Revenue 28,256 38,704
Development Fee Income 3,373 787
Misc. Income 608 2,171
Total Income 60,630 47,301
Expenses:
Construction Expense 33,293 39,396
Depreciation and Amortization 980 90
Outside Services 4,234 5,029
Provision for DFIT 17,865 3,198
Income Tax Benefit (14,628) (5,094)
Expenses Transferred Out (7,467) (6,386)
Interest Expense 9,956 7,892
General and Administrative
Expenses 10,973 7,412
Total Expenses 55,206 51,537
Net Income/(Loss) 5,424 (4,236)
CSW Energy, Inc.
Intercompany Service Transactions
For the Three Months Ended March 31, 1995
(Unaudited)
Name Type of Service Amount
Central & South West Services, Salaries, overheads, and travel $ 520,666
Inc. (Wholly owned subsidiary of in support of CSW Energy, Inc.
Central & South West Corporation) projects.
Transok, Inc. Salaries, overheads, and travel $ 66,527
(Wholly owned subsidiary of in support of CSW Energy, Inc.
Central & South West Corporation) projects.
Central & South West Corporation Interest on cash advances provided $3,288,121
(Parent) to CSW Energy, Inc.
CSW Energy, Inc.
Aggregate Development Expenses and Investments
As of March 31, 1995
(Unaudited)
Projects Stage Development Costs Investments
I. Development activities other than through ARK/CSW JV,
subject to $150,000,000 aggregate limit on authority in 70-7758.
Various Projects:
Development $58,875,344
II. Development activities through ARK/CSW JV subject to
$50,000,000 sublimit, part of $150,000,000 aggregate authority
in 70-7758.
A. Investment in ARK/CSW JV $400,000
B. Various Projects:
Development $49,237,309
III. Projects subject to specific authority developed through ARK/CSW JV:
Brush (70-7876) Operating $0 $15,348,000
Orange (70-8133) Construction $93,183,027
SMUD (70-8269) Development $15,056,676
IV. Development activities other than through ARK/CSW JV,
subject to specific authority:
Fort Lupton Operating $0 $38,500,000
(70-8097)
Sweeny (70-8469) Development $2,004,328
Texas Gulf Development $241,664
(70-8433)
Northwest Regional Development $6,361,259
Power Facility
(70-8483)
