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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 January 1, 1996 to
March 31, 1996
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.
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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 29th day of May 1996.
CSW Energy, Inc.
/s/ EDDIE PEEBLES
Eddie Peebles
Controller
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Exhibit A
CSW Energy, Inc.
Balance Sheet
March 31, 1996
(Unaudited)
($000's)
ASSETS 3/31/96
CURRENT ASSETS
Accounts Receivable $ 2,375
Other Current Assets 2,920
5,295
NONCURRENT ASSETS
Equity Investments 197,314
Notes Receivable 10,153
Deferred Charges and Other 10,233
217,700
TOTAL $ 222,995
LIABILITIES AND EQUITY
LIABILITIES
Accounts Payable and Other $ 39,465
Borrowings from CSW Corp. 62,904
Other Liabilities 5,297
Accumulated Deferred Income Taxes 39,760
147,426
EQUITY
Common Stock 1
Paid in Capital 70,728
Retained Earnings 4,840
75,569
TOTAL $ 222,995
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Exhibit B
CSW Energy, Inc.
Statements of Income
For the Twelve Months Ended March 31, 1996 and 1995
(Unaudited)
($000's)
Income: 3/31/96 3/31/95
Income from Equity Inves $ 16,892 $ 12,084
Interest Income 10,719 16,309
Construction Revenue 0 28,256
Development Fee Income 0 3,373
Misc. Income 4,077 608
Total Income 31,688 60,630
Expenses:
Construction Expense 0 33,293
Depreciation and Amortization 1,735 980
Outside Services 4,023 4,234
Provision for DFIT 17,497 17,865
IncomeTax Benefit (13,271) (14,628)
Expenses Transferred Out (5,148) (7,467)
Interest Expense 7,563 9,956
General and Administrative
Expense 13,428 10,973
Total Expenses 25,827 55,206
Net Income/(Loss) 5,861 5,424
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Exhibit C
CSW Energy, Inc.
Intercompany Service Transactions
For the Three Months Ended March 31, 1996
(Unaudited)
Name Type of Service Amount
Central and South West Services, Salaries, overheads, and travel $ 594,645
Inc. (Wholly owned subsidiary of in support of CSW Energy, Inc.
Central and South West projects.
Corporation
Transok, Inc. Salaries, overheads, and travel $ 89,356
(Wholly owned subsidiary of in support of CSW Energy, Inc.
Central and South West projects.
Corporation
Central and South West Interest on cash advances $ 1,041,653
Corporation (Parent) provided to CSW Energy, Inc.
