CSW ENERGY INC
35-CERT, 1995-05-15
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                  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.  070-08205                          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 35-25728, 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 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.

                      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 12th day of May, 1995.



                                   CSW Energy, Inc.


                                   /s/  EDDIE PEEBLES
                                        Eddie Peebles
                                        Controller


                                                                      Exhibit A
CSW ENERGY
LETTERS OF CREDIT AND GUARANTEES

<TABLE>
<CAPTION>

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

PENTECH         LC  $250,000.00   $319   $313     S828504     11/8/95         SDG&E            CSW     RFP Sec. Dpst.    General
                                                            (EVERGREEN)

PENTECH         LC  $250,000.00   $319   $313     S828505     11/8/95         SDG&E            CSW     RFP Sec. Dpst.    General
                                                            (EVERGREEN)

WPSCo           LC        $0.00   $446    $0    TS-10023833  12/26/94 Wisconsin Public Service CSW     RFP Sec. Dpst.    General


SPUD            LC $1,000,000.00 $1,886   $0    TS-10024495  12/30/94      Weyerhauser         CSW      Land Purchase    General
                                                                                                        Earnest Money

                G  $5,600,000.00  N/A     N/A       N/A         N/A        Weyerhauser         CSW      Land Purchase    General
                                                                                                           Guarantee

                D  $1,000,000.00  N/A     N/A       N/A         N/A        Weyerhauser        CSWE      Land Purchase    General
                                                                                                        Earnest Money

                D    $50,000.00   N/A     N/A       N/A         N/A         Snohomish         CSWE    Sec. Dep. for RFP  General


TOTAL             $8,150,000.00


   *          LC  - Letter of Credit
              D   - Deposit
              G   - Guarantee
</TABLE>


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