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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 75266-0789 July 1, 1995 to
September 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.
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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 November, 1995.
CSW Energy, Inc.
/s/ EDDIE PEEBLES
Eddie Peebles
Controller
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CSW Energy, Inc. EXHIBIT A
Balance Sheet
September 30, 1995
(Unaudited)
($000's)
ASSETS 9/30/95
CURRENT ASSETS
Accounts Receivable $ 38,969
Other Current Assets 9,294
48,263
NONCURRENT ASSETS
Equity Investments 139,949
Notes Receivable 84,212
Deferred Charges and Other 6,842
231,003
TOTAL $ 279,266
LIABILITIES AND EQUITY
LIABILITIES
Accounts Payable and Other $ 5,167
Borrowings from CSW Corp. 164,515
Other Liabilities 5,113
Accumulated Deferred Income Taxes 32,440
207,235
EQUITY
Common Stock 1
Paid in Capital 69,625
Retained Earnings 2,405
72,031
TOTAL $ 279,266
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CSW Energy, Inc. EXHIBIT B
Statements of Income
For the Twelve Months Ended September 30, 1995 and 1994
(Unaudited)
($000's)
Income: 9/30/95 9/30/94
Income from Equity Investments $ 16,767 $ (902)
Interest Income 19,149 11,052
Construction Revenue 7,821 33,667
Development Fee Income 3,315 768
Misc. Income 2,264 2,638
Total Income 49,316 47,223
Expenses:
Construction Expense 11,293 36,491
Depreciation and Amortization 1,638 84
Outside Services 3,842 6,416
Provision for DFIT 21,032 10,065
Income Tax Benefit (15,614) (11,966)
Expenses Transferred Out (6,949) (5,804)
Interest Expense 11,455 7,618
General and Administrative Expense 14,569 7,901
Total Expenses 41,266 50,805
Net Income/(Loss) 8,050 (3,582)
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CSW Energy, Inc. EXHIBIT C
Intercompany Service Transactions
For the Nine Months Ended September 30, 1995
(Unaudited)
Name Type of Service Amount
Central & South West Services, Salaries, overheads, and travel $ 1,774,346
Inc. (Wholly owned subsidiary of travel in support of CSW Energy,
Central & South West Corporation) Inc. projects.
Transok, Inc. Salaries, overheads, and travel $ 164,502
(Wholly owned subsidiary of in support of CSW Energy, Inc.
Central & South West Corporation) projects.
Central & South West Corporation Interest on cash advances $ 8,363,514
(Parent) provided to CSW Energy, Inc.
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CSW Energy, Inc. EXHIBIT D
Aggregate Development Expenses and Investments
As of September 30, 1995
(Unaudited)
Projects Stage Development Costs Investments
I. Development activities subject to $150,000,000
aggregate limit on authority in 70-7758
Various Projects:
Development $111,452,487 $400,000
II. Projects subject to specific authority developed through ARK/CSW JV:
Brush (70-7876) Operating $0 $15,348,000
Orange (70-8133) Operating $104,432,170 $990
SMUD (70-8269) Development $16,154,382
III. Development activities other than through ARK/CSW JV,
subject to specific authority
Fort Lupton (70-8097) Operating $0 $44,111,554
Sweeny (70-8469) Development $3,123,802
Texas Gulf (70-8433) Development $359,410 $10,532,180
Northwest Regional Development $8,621,774
Power Facility (70-8483)
