SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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In the Matter of :
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PUBLIC SERVICE COMPANY OF OKLAHOMA : CERTIFICATE
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CENTRAL AND SOUTH WEST CORPORATION : OF
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File No. 70-8711 : NOTIFICATION
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(Public Utility Holding Company Act of 1935) :
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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, 1997 through
December 31, 1997.
1) 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
* The RIKA Companies continue to add relay test macros to their
standard Ultra-test software package. They are in the process of
developing a "vector program" which allows the user to do quick
analysis of the real and reactive power components during relay
testing.
* 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. The database is essentially complete.
Development continues on the bi-directional links between this
database and the other products available on the market. Sales of
the product began in the fourth quarter for delivery in the first
quarter of 1998.
2) DESCRIPTION OF ANY SOFTWARE OR ANCILLARY SERVICES PROVIDED TO PSO BY THE RIKA
COMPANIES DURING THE PERIOD
* CSW completed the purchase and installation of the Ultra-test relay
testing package for each of its four electric operating companies,
including PSO.
* PSO continues to Beta test the substation automation program. RIKA
Companies are working with CSW key account marketing
representatives to demonstrate the substation automation solution
to large CSW industrial customers that have indicated an interest
for the product. No sales have been made to any CSW customers.
* CSW sent approximately 10 engineers to the basic and advanced relay
testing training schools developed and taught by the RIKA
Companies.
3) 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
* Because of the delay in the release of the current version of
Ultra-test, 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 with a cumulative amount of $137,622 postponed
thus far. PSO's cumulative interest received from the RIKA
Companies is $45,874.
* 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 OCCURRING DURING THE PERIOD
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 27th day of February 1998.
Public Service Company
of Oklahoma
/S/ R. RUSSELL DAVIS
R. Russell Davis
Controller and Chief
Accounting Officer
