SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________________________
:
In the Matter of :
:
ASH CREEK MINING COMPANY, : CERTIFICATE
:
PUBLIC SERVICE COMPANY OF OKLAHOMA : OF
:
AND : NOTIFICATION
:
CENTRAL AND SOUTH WEST CORPORATION : ON
:
: FORM U-6B-2
(Public Utility Holding Company Act of 1935) :
__________________________________________________:
Ash Creek Mining Company (the "Company") hereby certifies
that it has issued the securities described herein, which issue
was exempted from the provisions of Section 6(a) of the Public
Utility Holding Company Act of 1935, as amended, and was neither
the subject of a declaration or application on Form U-1 nor
included within the exemption provided by Rule 48.
1. Type of the security:
The security is a promissory note.
2. Issue, renewal, or guaranty:
Issuance.
3. Principal amount of each security:
During the quarter ended March 31, 1996, Ash Creek
borrowed an aggregate of $1,050,000 under the Promissory Note.
4. Rate of interest per annum of each security:
The rate of interest per annum of the Notes is variable
based on the CSW money pool interest rate.
5. Date of issue of each security:
The amounts borrowed pursuant to the promissory note
were as follows:
January 15, 1996 $450,000
February 15, 1996 $350,000
March 11, 1996 $250,000
6. If renewal of security, date of issue:
Not Applicable
7. Date of maturities of each security:
The Notes will mature December 31, 1996.
8. Name of the person to whom each security was issued:
The promissory note was issued to Public Service
Company of Oklahoma.
9. Collateral given with each security:
None.
10. Consideration received for each security:
During the quarter ended March 31, 1996, the Company
received $1,050,000 in proceeds from the issuance of
the Note.
11. Application of proceeds of each security:
The Company has applied the proceeds to pay for the
operations and reclamation of a coal mine owned by
Ash Creek.
12. Indicate by a check after the applicable statement
below whether the issue of each security was exempt
from the provisions of Section 6(a)because of:
a. the provisions contained in the first sentence
of Section 6(b) _____
b. the provisions contained in the fourth
sentence of Section 6(b) _____
c. the provisions contained in any rule
of the Commission other than Rule 48. __X__
13. Exemption from the provisions of Section 6(a) because
of the first sentence of Section 6(b):
Not Applicable
14. Exemption from the provisions of Section 6(a) because
of the fourth sentence of Section 6(b):
Not Applicable.
15. Exemption from the provisions of Section 6(a) because
of any rule of the Commission other than Rule 48:
The issuance of the Note was exempt from the provisions
of Section 6(a) because the issuance met the criteria
set forth in Rule 52(b).
SIGNATURE
As requested by order of this Commission pursuant to the Public
Utility Holding Company Act of 1935, Public Service Company of
Oklahoma and Ash Creek Mining Company have duly caused this
report to be signed on their behalf on this 14th day of May 1996.
ASH CREEK MINING COMPANY
/s/ Sandra S. Bennett
Sandra S. Bennett, Comptroller
Ash Creek Mining Company
