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 October 1, 1995 to
December 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 35-26417, 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-
26417.
(1) A balance sheet as of the relevant report date. See
Exhibit A.
(2) Income statements 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.
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 28th day of February 1996.
CSW Energy, Inc.
/s/ EDDIE PEEBLES
Eddie Peebles
Controller
EXHIBIT A
CSW Energy, Inc.
Balance Sheet
December 31, 1995
(Unaudited)
($000's)
ASSETS 12/31/95
CURRENT ASSETS
Accounts Receivable $ 1,938
Other Current Assets 3,359
5,297
NONCURRENT ASSETS
Equity Investments 161,881
Notes Receivable 9,709
Deferred Charges and Other 7,749
179,339
TOTAL $ 184,636
LIABILITIES AND EQUITY
LIABILITIES
Accounts Payable and Other $ 3,294
Borrowings from CSW Corp. 65,532
Other Liabilities 5,091
Accumulated Deferred Income Taxes 36,774
110,691
EQUITY
Common Stock 1
Paid in Capital 69,625
Retained Earnings 4,319
73,945
TOTAL $ 184,636
EXHIBIT B
CSW Energy, Inc.
Statements of Income
For the Twelve Months Ended December 31, 1995 and 1994
(Unaudited)
($000's)
Income: 12/31/95 12/31/94
Income from Equity Invesments $ 14,161 $ 7,915
Interest Income 15,357 13,432
Construction Revenue 0 31,303
Development Fee Income 2,628 1,502
Misc. Income 4,692 3,369
Total Income 36,838 57,521
Expenses:
Construction Expense 0 37,649
Depreciation and Amortization 1,409 672
Outside Services 3,997 4,526
Provision for DFIT 15,594 19,932
Income Tax Benefit (9,867) (18,344)
Expenses Transferred Out (5,369) (7,587)
Interest Expense 9,811 8,089
General and Administrative
Expense 13,149 10,647
Total Expenses 28,724 55,584
Net Income/(Loss) 8,114 1,937
EXHIBIT C
CSW Energy, Inc.
Intercompany Service Transactions
For the Twelve Months Ended December 31, 1995
(Unaudited)
Name Type of Service Amount
Central and South West Salaries, overheads, and travel $ 2,543,729
Services, Inc. in support of CSW Energy, Inc.
(Wholly owned subsidiary projects.
of Central and South
West Corporation)
Transok, Inc. Salaries, overheads, and travel $ 246,671
(Wholly owned subsidiary in support of CSW Energy, Inc.
of Central and South projects.
West Corporation)
Central and South West Interest on cash advances $ 9,811,629
Corporation (Parent) provided to CSW Energy, Inc.
