CSW ENERGY INC
35-CERT, 1999-05-13
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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, 1999 to
                                                      March 31, 1999

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 35-26416,  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 35-26416.

(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 in conjunction with project development. See Exhibit A.


<PAGE>


                                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, 1999.


                                              CSW Energy, Inc.


                                          /s/ Sandra S. Bennett
                                              Sandra S. Bennett
                                              Controller


                                    Exhibit A
                                     70-8205

                                   CSW ENERGY
                        LETTERS OF CREDIT AND GUARANTEES
                 ISSUED IN CONJUNCTION WITH PROJECT DEVELOPMENT

<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>
                   

Frontera     G  $16,000,000   N/A     N/A      N/A    January 2    Duke Fluor Daniels    CSWE        EPC Support LC   70-8205

</TABLE>

*  G   - Guarantee




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