CSW ENERGY INC
35-CERT, 1995-02-21
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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 International, Inc.                      REPORT FOR PERIOD
Dallas, Texas  75266-0164                    October 1, 1994 to
                                             December 31, 1994
File No. 070-08423                           PURSUANT TO RULE 24


      This  report  is  filed under Rule 24  of  the  Public
Utility  Holding  Company Act of 1935 by CSW  International,
Inc.  ("CSW  International"), a wholly owned  subsidiary  of
Central and South West Corporation ("CSW").  Under HCAR  35-
26156,  CSW  International is authorized to  participate  in
cogeneration  projects  and to provide  consulting  services
with  respect to IPPs.  Attached is the information required
pursuant to HCAR 35-26156.

(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
     International during the quarter.  None.

(4)  The  amount  of  compensation  received  for  each  IPP
     project.  None.

(5)  Information  on  intercompany  transactions  with   CSW
     International related to CSW International'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.



<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
International, Inc. has duly caused this report to be signed
on its behalf on this 19th day of January, 1995.



                                   CSW International, Inc.


                                    EDDIE PEEBLES
                                    Eddie Peebles
                                    Controller


<PAGE> 3
                              
                                                                   Exhibit A
                              CSW  International, Inc.
                                  Balance Sheet
                                December 31, 1994
                                   (Unaudited)
                                    ($000's)
                                                
                                                
ASSETS                                                  12/31/94
                                                
CURRENT ASSETS
       Accounts Receivable                              $      1       
        Other                                                 40       
                                                         -------
       Current Assets                                         41       
                                                
                                                
TOTAL                                                   $     41       
                                                         =======
                                                
LIABILITIES AND EQUITY
                                                
LIABILITIES
       Accounts Payable and Other                       $    811       
       Accumulated Deferred Income Taxes                    (222)       
                                                         -------
                                                             589       
                                                
EQUITY                                          
       Common Stock                                            1       
       Retained Earnings                                    (549)       
                                                         -------
                                                            (548)       
                                                
TOTAL                                                   $     41       
                                                         =======


<PAGE> 4
                                                                   Exhibit B
                           CSW International, Inc.
                            Statement of Income
                For the Twelve Months Ended December 31, 1994
                                (Unaudited)
                                  ($000's)
                                         
                                         
Expenses:                                               12/31/94
                                         
       Outside Services                                      539
       Income Tax Benefit                                   (292)
       Interest Expense                                        1
       General and Administrative Expenses              $    301
                                                         -------
Total Expenses                                               549
                                         
Net Income (Loss)                                       $   (549)
                                                         =======

<PAGE> 5
                                                                   Exhibit C
                           CSW International, Inc.
                       Intercompany Service Transactions
                  For the Twelve Months Ended December 31, 1994
                                (Unaudited)
                                                                 
                                                                     
                                                                     
 Name                                  Type of Service                   Amount
- ----------------------------------     ------------------------       ----------
Central & South West Services, Inc     Salaries, overheads, and       $  460,766
(Wholly owned subsidiary of            in support of CSW
Central and South West Corporation)    Internatiolal, Inc.
                                       projects.
                                                                     
Transok, Inc.                          Salaries, overheads, and       $    1,564
(Wholly owned subsidiary of            in support of CSW
Central and South West Corporation)    International, Inc.
                                       projects.

Central and South West Corporation     Interest on cash advances      $      999
(Parent)                               provided to CSW
                                       International, Inc.
                                                                     
CSW Energy, Inc.                       Salaries and overheads         $   92,267
(Wholly owned subsidiary of            in support of CSW
Central and South West Corporation)    International, Inc.
                                       projects.


<PAGE> 6
                                                                   Exhibit D

                           CSW International, Inc.
               Aggregate Development Expenses and Investments
                            December 31, 1994
                              (Unaudited)



Projects    Stage               Development Costs         Investments

I.          Development activities subject to $400,000,000
            aggregate limit on authority in 70-8423.

            Various Projects:
                                Development                  $950,653




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