SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
- --------------------------------------------------
:
In the Matter of :
:
PUBLIC SERVICE COMPANY OF OKLAHOMA : CERTIFICATE
:
CENTRAL AND SOUTH WEST CORPORATION : OF
:
File No. 70-8711 : NOTIFICATION
:
(Public Utility Holding Company Act of 1935) :
- --------------------------------------------------:
This report is filed under Rule 24 of the Public Utility Holding Company Act
of 1935 by Public Service Company of Oklahoma (PSO) a subsidiary of Central and
South West Corporation (CSW). Under HCAR 35-26445 dated December 29, 1995, it is
required that PSO file semi-annual reports providing the following information
with respect to the activities related to its investment in RIKA Management
Company, L.L.C., Universal Power Products, L.L.C., Automated Substation
Development Company, L.L.C., and RC Training, L.L.C. (collectively referred to
as the RIKA Companies): 1) a description of all products and services that were
developed, in the process of development or being considered for development by
the RIKA Companies during the period, 2) a description of any software or
ancillary services provided to PSO by the RIKA Companies during the period, 3) a
statement of any dividends or interest paid to PSO, both for the period and
cumulatively, as a result of its debt and equity holdings in the RIKA Companies,
and 4) a statement regarding the nature and consequences of any event of default
under the development agreement occurring during the period, including any
resulting change in the voting interests held by PSO in any of the RIKA
Companies and any exercise of control by PSO over the management and affairs of
any of the RIKA Companies. This report covers the period July 1, 1996 through
December 31, 1996.
1) DESCRIPTION OF ALL PRODUCTS AND SERVICES THAT WERE DEVELOPED, IN THE
PROCESS OF DEVELOPMENT OR BEING CONSIDERED FOR DEVELOPMENT BY THE RIKA
COMPANIES
The RIKA Companies officially released the WindowsTM version of its
relay testing software "Ultratest" in September 1997. Customers
utilizing all previous software versions were updated to this
release. Old versions will no longer be supported. The next
Ultratest development is to the Windows 95TM version which should
be completed during the first quarter of 1997.
The first version of the RIKA Companies' substation automation
package was completed in of December 1996. The goal of the RIKA
Companies is to initially install a Beta test at several utility
substations. However, as of the end of 1996, no such contracts have
been signed.
No utility training programs were developed during the reporting
period.
The RIKA Companies signed a letter of intent to form an alliance
with a company in Spain called Euro-Smc. Under this agreement,
Euro-Smc will be the exclusive Ultratest distributor in Europe.
Also under this agreement, the RIKA Companies will be the exclusive
United States marketer of Euro-Smc's relay testing hardware unit.
These sales provide product royalties to the marketing party. There
is no change in equity, ownership or control interest as a result
of this agreement. The Euro-Smc test-set will be marketed and sold
by the RIKA Companies to electric utilities and will complement the
existing Ultratest sales effort.
The RIKA Companies are in the process of developing a software
database that can be used to integrate the multiple
substation/relay maintenance and testing software programs
available on the market. This product will allow users to
streamline data input as well as reporting results. This current
product is scheduled for completion around the end of the first
quarter of 1997. This product will be marketed and sold to electric
utilities and will complement the existing Ultratest sales effort.
2) DESCRIPTION OF ANY SOFTWARE OR ANCILLARY SERVICES PROVIDED TO PSO BY
THE RIKA COMPANIES
No products, software or ancillary services have been provided to
PSO or CSW by the RIKA Companies for the reporting period.
3) STATEMENT OF ANY DIVIDENDS OR INTEREST PAID TO PSO, BOTH FOR THE
PERIOD AND CUMULATIVELY
Because of the delay in the release of the current version of
Ultratest, PSO agreed that the RIKA Companies should conserve its
current cash reserves. As a result, PSO's current semi-annual
interest payment was postponed. None of the provisions of the
agreement were modified nor were any other considerations given as
a result of this decision. The amount of the interest payment
deferred was $45,874. During 1996, PSO received $45,874 cumulative
interest from the RIKA Companies.
The RIKA Companies paid no dividends to PSO during the reporting
period.
4) STATEMENT REGARDING THE NATURE AND CONSEQUENCES OF ANY EVENT OF
DEFAULT UNDER THE DEVELOPMENT AGREEMENT
No events of default occurred during the reporting period.
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, Public Service Company of Oklahoma has duly caused
this report to be signed on its behalf on this 28th day of February 1997.
Public Service Company of Oklahoma
/S/ R. RUSSELL DAVIS
R. Russell Davis
Controller and Chief
Accounting Officer
