UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Public Utility Holding Company Act of 1935
File No. 70-8711
Report For Period: January 1, 1999 to June 30, 1999
In the Matter of:
PUBLIC SERVICE COMPANY OF OKLAHOMA
CENTRAL AND SOUTH WEST CORPORATION
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 January 1,
1999 to June 30, 1999.
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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
o The RIKA Companies continues to add relay test macros to their
standard Ultra-test software package. They have completed a
"vector program" which allows the user to do quick analysis of
the real and reactive power components during relay testing.
o The RIKA Companies have completed development of a software
database that can be used to integrate the multiple
substation/relay maintenance and testing software programs
available on the market.
2) Description of any software or ancillary services provided to PSO by the
RIKA Companies during the period
o In 1997, CSW completed the purchase and installation of the
Ultra-test relay testing package for each of its four electric
operating companies, including PSO. The RIKA Companies provide
ongoing maintenance and support of the product.
o CSW is in the process of purchasing the software database
product.
o PSO is evaluating at three locations the substation automation
system for limited implementation on the PSO distribution
system.
o The RIKA Companies continue to provide a small amount of basic
and advanced relay testing training.
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
o RIKA continues to experience relatively slow growth and requires
all available cash in order to provide working capital for
operations. As a result, PSO recorded no interest income in the
first half 1999. None of the provisions of the agreement were
modified nor were any other considerations given as a result of
this decision. PSO's cumulative interest received from the RIKA
Companies is $45,874.
o The RIKA Companies paid no dividends to PSO during the reporting
period nor cumulatively.
4) 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 interest 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
No events of default, change in the voting interest or any
exercise of control occurred during the reporting period.
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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 26th day of August 1999.
Public Service Company
of Oklahoma
/s/ R. Russell Davis
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R. Russell Davis
Controller and Chief
Accounting Officer
