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 75266-0789 March 31, 1995 to
June 30, 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 14th day of August, 1995.
CSW Energy, Inc.
EDDIE PEEBLES
Eddie Peebles
Controller
EXHIBIT A
CSW Energy, Inc.
Balance Sheets
June 30, 1995
(Unaudited)
($000's)
ASSETS 6/30/95
CURRENT ASSETS
Accounts Receivable $ 4,714
Other Current Assets 4,150
8,864
NONCURRENT ASSETS
Equity Investments 137,329
Notes Receivable 80,249
Deferred Charges and Other 39,326
256,904
TOTAL $ 265,768
LIABILITIES AND EQUITY
LIABILITIES
Accounts Payable and Other $ 6,133
Borrowings from CSW Corp. 160,211
Other Liabilities 5,231
Accumulated Deferred Income Taxes 25,007
196,582
EQUITY
Common Stock 1
Paid in Capital 68,540
Retained Earnings 645
69,186
TOTAL $ 265,768
EXHIBIT B
CSW Energy, Inc.
Statements of Income
For the Twelve Months Ended June 30, 1995 and 1994
(Unaudited)
($000's)
Income: 6/30/95 6/30/94
Income from Equity Inves $ 15,266 $ (4,215)
Interest Income 18,543 10,583
Construction Revenue 20,789 39,094
Development Fee Income 3,364 793
Misc. Income 1,507 2,372
Total Income 59,469 48,627
Expenses:
Construction Expense 25,130 40,671
Depreciation and Amortization 1,289 84
Outside Services 4,032 6,636
Provision for DFIT 19,794 3,698
IncomeTax Benefit (14,411) (6,258)
Expenses Transferred Out (7,278) (5,835)
Interest Expense 11,338 8,373
General and Administrative
Expense 11,276 6,322
Total Expenses 51,170 53,691
Net Income/(Loss) 8,299 (5,064)
EXHIBIT C
CSW Energy, Inc.
Intercompany Service Transactions
For the Six Months Ended June 30, 1995
(Unaudited)
Name Type of Service Amount
Central & South West Services, Salaries, overheads, and travel $ 1,154,662
Inc. (Wholly owned subsidiary of in support of CSW Energy, Inc.
Central & South West Corporation projects.
Transok, Inc. Salaries, overheads, and travel $ 116,548
(Wholly owned subsidiary of in support of CSW Energy, Inc.
Central & South West Corporation projects.
Central & South West Corporation Interest on cash advances $ 5,795,937
(Parent) provided to CSW Energy, Inc.
EXHIBIT D
CSW Energy, Inc.
Aggregate Development Expenses and Investments
As of June 30, 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 $60,400,046
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 $49,795,179
III. Projects subject to specific authority developed through ARK/CSW JV:
Brush (70-7876) Operating $0 $15,348,000
Orange (70-8133) Operating $99,957,940 $990
SMUD (70-8269) Development $15,669,711
IV. Development activities other than through ARK/CSW JV,
subject to specific authority
Fort Lupton (70-8097)
Operating $0 $43,026,338
Sweeny (70-8469) Development $2,405,163
Texas Gulf (70-8433)
Development $276,927 $10,532,180
Northwest Regional
Power Facility (70-8483)
Development $7,301,981
