CSW ENERGY INC
35-CERT, 1999-02-16
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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                                     October 1, 1998 to
                                                               December 31, 1998

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 16th day of February, 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>

                         FEES   FEES     REFERENCE
PROJECT    *    AMOUNT    PD   PAYABLE    NUMBER     MATURITY   BENEFICIARY   OBLIGOR    PURPOSE    AUTHORITY
<S>        <C>  <C>      <C>   <C>       <C>         <C>        <C>           <C>        <C>        <C>  
                          

None Outstanding as of December 31, 1998.

</TABLE>


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