UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
In the Matter of
SOUTHWESTERN ELECTRIC POWER COMPANY REPORT FOR PERIOD
Shreveport, Louisiana 71156 JANUARY 1, 1995 TO
MARCH 31, 1995
PUBLIC SERVICE COMPANY OF OKLAHOMA PURSUANT TO RULE 24
Tulsa, Oklahoma 74102
File No. 70-5741
This report is filed by Southwestern Electric Power Company
(SWEPCO) on behalf of itself and Public Service Company of
Oklahoma (PSO) pursuant to Rule 24 promulgated under the Public
Utility Holding Company Act of 1935 by the Securities and
Exchange Commission pursuant to Sections 6(a), 7, 9(a) and 10 of
said Act. SWEPCO's and PSO's Application-Declaration, as further
amended by post-effective amendments, in this matter proposed the
filing by SWEPCO of quarterly reports to the Commission, pursuant
to Rule 24 of the Act, providing as to the activities during each
quarter: (a) total number of rail cars serviced by month for both
SWEPCO and PSO; (b) the amount of expenditures by month for
direct labor, direct material cost, and indirect expenses for
both SWEPCO and PSO; (c) computation by month of allocated cost
to be shared by SWEPCO and PSO on the basis of the "Cost Ratio",
and (d) copies of the monthly reports furnished by SWEPCO to PSO
detailing the work and charges associated with PSO rail cars
assigned to the facility which were repaired during the previous
month, within the context of the Rail Car Maintenance Facility
Agreement Between SWEPCO and PSO. This report covers the
period January 1, 1995 through March 31, 1995.
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
January 1995 316 182 498
February 1995 313 345 658
March 1995 345 215 560
Total Period 974 742 1,716
B. AMOUNT OF EXPENDITURES DETAIL
SWEPCO PSO TOTAL
Direct Labor - January 1995 $ 34,735 $ 27,736 $ 62,471
- February 1995 41,598 19,701 61,299
- March 1995 47,136 18,128 65,264
- Total Period 123,469 65,565 189,034
Direct Material - January 1995 198,932 173,457 372,389
- February 1995 230,497 118,167 348,664
- March 1995 157,015 56,847 213,862
- Total Period 586,444 348,471 934,915
Other Direct Expenses - January 1995 (28,740) (33,140) (61,880)
- February 1995 (11,414) (8,344) (19,758)
- March 1995 (76,195) (29,231) (105,426)
- Total Period (116,349) (70,715) (187,064)
Indirect Expenses Shared
On Cost Ratio - January 1995 81,857 70,197 152,054
- February 1995 172,461 85,177 257,638
- March 1995 129,184 52,713 181,897
- Total Period 383,502 208,087 591,589
Total Expenditures - January 1995 286,784 238,250 525,034
- February 1995 433,142 214,701 647,843
- March 1995 257,140 98,457 355,597
- Total Period $ 977,066 $ 551,408 $1,528,474
C. COMPUTATION OF COST RATIO
SWEPCO PSO TOTAL
January 1995 -
Direct Labor $ 34,735 $ 27,736 $ 62,471
Cost Ratio 55.60% 44.40% 100.00%
February 1995 -
Direct Labor $ 41,598 $ 19,701 $ 61,299
Cost Ratio 67.86% 32.14% 100.00%
March 1995 -
Direct Labor $ 47,136 $ 18,128 $ 65,264
Cost Ratio 72.22% 27.78% 100.00%
D. COPIES OF MONTHLY REPORTS
Copies of the monthly statements furnished by SWEPCO to PSO
detailing charges associated with PSO rail cars are attached as
Exhibits 1, 2 and 3.
S I G N A T U R E
As required by Order of this Commission pursuant to the Public
Utility Holding Company Act of 1935, Southwestern Electric Power
Company has duly caused this report to be signed on its behalf on
this the 11th day of May, 1995.
SOUTHWESTERN ELECTRIC POWER COMPANY
By /s/ R. Russell Davis
R. Russell Davis
Controller and
Chief Accounting Officer
INDEX TO EXHIBITS
Exhibit Transmission
Number Exhibit Method
1 January 1995 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 February 1995 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 March 1995 statement furnished by SWEPCO Electronic
to PSO detailing PSO's rail car charges
<TABLE>
<CAPTION>
SOUTHWESTERN ELECTRIC POWER COMPANY Exhibit 1
P.O. BOX 21106, SHREVEPORT, LA 71156 Page 1 of 3
TELEPHONE NUMBER (318) 222-2141
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
JANUARY 1995
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 316 PSO 182
<S> <C> <C> <C>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
1860.4001 Direct Material to SWEPCO Coal Cars $198,931.64
1860.4018 Stores Salvage - SWEPCO ($80,116.78)
1860.4101 Direct Labor to SWEPCO Coal Cars $27,268.69
1860.4104 Direct Labor to Rework SWEPCO Material $7,466.33
1860.4202 Ad Valorem Taxes - SWEPCO Coal Cars $10,022.00
1860.4204 Ad Valorem Taxes - Facility - Direct - SWEPCO $175.00
1860.4213 Employee Fringe Benefits - Direct Labor - SWEPCO $4,104.99
1860.4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO $4,993.40
1860.4238 Depreciation Expense - SWEPCO $10,604.00
1860.4263 Lease - Supplemental Expenses - SWEPCO $0.00
1860.4270 Outside Maintenance of SWEPCO Coal Cars $21,003.00
1860.4272 Switching Fees - SWEPCO $288.75
1860.4277 Repainting Coal Cars - SWEPCO $186.11
Total 100% SWEPCO Costs $204,927.13
COSTS ASSIGNED 100% TO PSO:
1860.4002 Direct Material to PSO Coal Cars $173,456.64
1860.4015 Inventory Carrying Charges - PSO $3,259.56
1860.4019 Stores Salvage - PSO ($54,629.95)
1860.4102 Direct Labor to PSO Coal Cars $22,997.62
1860.4103 Direct Labor to Rework PSO Material $4,738.10
1860.4205 Ad Valorem Taxes - Facility - Direct - PSO $103.00
1860.4214 Employee Fringe Benefits - Direct Labor - PSO $1,443.44
1860.4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO $1,850.19
1860.4239 Depreciation Expense - PSO $0.00
1860.4271 Outside Maintenance of PSO Coal Cars $14,314.41
1860.4273 Switching Fees - PSO $333.67
1860.4278 Repainting Coal Cars - PSO $186.12
Total 100% PSO Costs $168,052.80
</TABLE>
<TABLE>
<CAPTION>
Exhibit 1
Page 2 of 3
COSTS TO BE SHARED (Ratio of Direct Labor): SHARED SWEPCO PSO
<S> <C> <C> <C>
1860.4010 Shop Material $6,962.06
1860.4011 Small Tools ($12,208.61)
1860.4012 Facility Maintenance - Material $2,569.35
1860.4013 Sale of Scrap (Cr.) $0.00
1860.4016 Switch Engine Operation and Maintenane $10,053.96
1860.4017 Equipment Operation and Maintenance $2,664.87
1860.4020 Stores Salvage - Joint $0.00
1860.4110 Supervision $11,561.27
1860.4111 Clerical $5,214.43
1860.4112 Training and Safety $171.53
1860.4113 General Shop Labor $23,963.69
1860.4114 Facility Maintenance - Labor $12,829.80
1860.4116 Switch Engine Operation and Maintenane $10,440.60
1860.4201 Ad Valorem Taxes - Facility $3,289.00
1860.4203 Taxes - Other $1,234.00
1860.4206 Data Processing Charges $574.40
1860.4207 General Office Overhead $2,126.00
1860.4210 Employee Activities $131.37
1860.4211 Employee Expenses ($1,259.39)
1860.4212 Employee Fringe Benefits $6,626.80
1860.4215 Employee Sick Benefits $0.00
1860.4220 Injuries and Damages $0.00
1860.4221 Insurance - Liability and Property $288.31
1860.4225 Maintenance of Facilities (Contracted) $1,202.50
1860.4226 Office Supplies and Expenses $2,434.48
1860.4232 Payroll Taxes (FICA & UC) - Other $7,653.68
1860.4233 Special Services $0.00
1860.4234 Utilities-Heat, Light, Power and Water $15,007.94
1860.4235 Utilities - Telephone $751.93
1860.4236 Vehicle Expense ($21.60)
1860.4237 Depreciation Expense $0.00
1860.4250 Miscellaneous $0.00
1860.4262 Lease - Basic - All Except Coal Cars $32,962.01
1860.4264 Lease-Supplemental Expenses-Facility $0.00
Total Costs Shared on Cost Ratio
(see computation below)-
SWEPCO 55.60% PSO 44.40 % $147,224.38 $81,856.76 $65,367.62
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement (Cost Ratio) $4,829.06
TOTAL COSTS FOR THE MONTH $286,783.89 $238,249.48
</TABLE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $34,735.02 55.60 % SWEPCO
102, 103 Direct Labor PSO $27,735.72 44.40 % PSO
Total Direct Labor $62,470.74 100.00 %
<TABLE>
<CAPTION>
SOUTHWESTERN ELECTRIC POWER COMPANY Exhibit 2
P.O. BOX 21106, SHREVEPORT, LA 71156 Page 1 of 3
TELEPHONE NUMBER (318) 222-2141
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
FEBRUARY 1995
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 313 PSO 345
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
<S> <C> <C> <C>
COSTS ASSIGNED 100% TO SWEPCO:
1860.4001 Direct Material to SWEPCO Coal Cars $230,496.64
1860.4018 Stores Salvage - SWEPCO ($71,001.12)
1860.4101 Direct Labor to SWEPCO Coal Cars $32,005.03
1860.4104 Direct Labor to Rework SWEPCO Material $9,592.54
1860.4202 Ad Valorem Taxes - SWEPCO Coal Cars $10,022.00
1860.4204 Ad Valorem Taxes - Facility - Direct - SWEPCO $175.00
1860.4213 Employee Fringe Benefits - Direct Labor - SWEPCO $4,104.99
1860.4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO $5,237.22
1860.4238 Depreciation Expense - SWEPCO $10,604.00
1860.4263 Lease - Supplemental Expenses - SWEPCO $0.00
1860.4270 Outside Maintenance of SWEPCO Coal Cars $24,381.38
1860.4272 Switching Fees - SWEPCO $5,063.79
1860.4277 Repainting Coal Cars - SWEPCO $0.00
Total 100% SWEPCO Costs $260,681.47
COSTS ASSIGNED 100% TO PSO:
1860.4002 Direct Material to PSO Coal Cars $118,166.51
1860.4015 Inventory Carrying Charges - PSO $2,872.81
1860.4019 Stores Salvage - PSO ($31,195.71)
1860.4102 Direct Labor to PSO Coal Cars $14,742.93
1860.4103 Direct Labor to Rework PSO Material $4,957.91
1860.4205 Ad Valorem Taxes - Facility - Direct - PSO $103.00
1860.4214 Employee Fringe Benefits - Direct Labor - PSO $1,443.44
1860.4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO $3,217.80
1860.4239 Depreciation Expense - PSO $0.00
1860.4271 Outside Maintenance of PSO Coal Cars $13,547.07
1860.4273 Switching Fees - PSO $1,668.35
1860.4278 Repainting Coal Cars - PSO $0.00
Total 100% PSO Costs $129,524.11
</TABLE>
<TABLE>
<CAPTION>
Exhibit 2
Page 2 of 3
COSTS TO BE SHARED (Ratio of Direct Labor): SHARED SWEPCO PSO
<S> <C> <C> <C>
1860.4010 Shop Material $4,585.42
1860.4011 Small Tools $946.60
1860.4012 Facility Maintenance - Material $439.39
1860.4013 Sale of Scrap (Cr.) $0.00
1860.4016 Switch Engine Operation and Maintenane $111,598.40
1860.4017 Equipment Operation and Maintenance $7,905.00
1860.4020 Stores Salvage - Joint $0.00
1860.4110 Supervision $11,122.77
1860.4111 Clerical $4,572.27
1860.4112 Training and Safety $934.34
1860.4113 General Shop Labor $16,336.35
1860.4114 Facility Maintenance - Labor $11,403.31
1860.4116 Switch Engine Operation and Maintenane $10,008.41
1860.4201 Ad Valorem Taxes - Facility $3,289.00
1860.4203 Taxes - Other $1,334.00
1860.4206 Data Processing Charges $574.40
1860.4207 General Office Overhead $1,677.67
1860.4210 Employee Activities $0.00
1860.4211 Employee Expenses ($51.88)
1860.4212 Employee Fringe Benefits $6,517.21
1860.4215 Employee Sick Benefits $0.00
1860.4220 Injuries and Damages $0.00
1860.4221 Insurance - Liability and Property $288.31
1860.4225 Maintenance of Facilities (Contracted) $2,275.00
1860.4226 Office Supplies and Expenses $652.66
1860.4232 Payroll Taxes (FICA & UC) - Other $8,238.14
1860.4233 Special Services $0.00
1860.4234 Utilities-Heat, Light, Power and Water $16,184.31
1860.4235 Utilities - Telephone $348.91
1860.4236 Vehicle Expense $0.00
1860.4237 Depreciation Expense $0.00
1860.4250 Miscellaneous $0.00
1860.4262 Lease - Basic - All Except Coal Cars $32,962.00
1860.4264 Lease-Supplemental Expenses-Facility $0.00
Total Costs Shared on Cost Ratio
(see computation below)-
SWEPCO 67.86% PSO 32.14 % $254,141.99 $172,460.75 $81,681.24
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement (Cost Ratio) $3,495.63
TOTAL COSTS FOR THE MONTH $433,142.22 $214,700.98
</TABLE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $41,597.57 67.86 % SWEPCO
102, 103 Direct Labor PSO $19,700.84 32.14 % PSO
Total Direct Labor $61,298.41 100.00 %
<TABLE>
<CAPTION>
SOUTHWESTERN ELECTRIC POWER COMPANY Exhibit 3
P.O. BOX 21106, SHREVEPORT, LA 71156 Page 1 of 3
TELEPHONE NUMBER (318) 222-2141
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
MARCH 1995
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 345 PSO 215
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
<C> <C> <C> <C>
COSTS ASSIGNED 100% TO SWEPCO:
1860.4001 Direct Material to SWEPCO Coal Cars $157,014.83
1860.4018 Stores Salvage - SWEPCO ($121,040.36)
1860.4101 Direct Labor to SWEPCO Coal Cars $39,440.41
1860.4104 Direct Labor to Rework SWEPCO Material $7,695.94
1860.4202 Ad Valorem Taxes - SWEPCO Coal Cars $10,022.00
1860.4204 Ad Valorem Taxes - Facility - Direct - SWEPCO $175.00
1860.4213 Employee Fringe Benefits - Direct Labor - SWEPCO $4,234.51
1860.4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO $4,200.95
1860.4238 Depreciation Expense - SWEPCO $0.00
1860.4263 Lease - Supplemental Expenses - SWEPCO $0.00
1860.4270 Outside Maintenance of SWEPCO Coal Cars $26,212.33
1860.4272 Switching Fees - SWEPCO $0.00
1860.4277 Repainting Coal Cars - SWEPCO $0.00
Total 100% SWEPCO Costs $127,955.61
COSTS ASSIGNED 100% TO PSO:
1860.4002 Direct Material to PSO Coal Cars $56,847.37
1860.4015 Inventory Carrying Charges - PSO $2,330.64
1860.4019 Stores Salvage - PSO ($39,005.96)
1860.4102 Direct Labor to PSO Coal Cars $12,696.99
1860.4103 Direct Labor to Rework PSO Material $5,431.03
1860.4205 Ad Valorem Taxes - Facility - Direct - PSO $103.00
1860.4214 Employee Fringe Benefits - Direct Labor - PSO $1,647.91
1860.4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO $1,615.63
1860.4239 Depreciation Expense - PSO $0.00
1860.4271 Outside Maintenance of PSO Coal Cars $4,077.61
1860.4273 Switching Fees - PSO $0.00
1860.4278 Repainting Coal Cars - PSO $0.00
Total 100% PSO Costs $45,744.22
</TABLE>
<TABLE>
<CAPTION>
Exhibit 3
Page 2 of 3
COSTS TO BE SHARED (Ratio of Direct Labor): SHARED SWEPCO PSO
<S> <C> <C> <C>
1860.4010 Shop Material $2,034.97
1860.4011 Small Tools $1,645.62
1860.4012 Facility Maintenance - Material $1,177.54
1860.4013 Sale of Scrap (Cr.) $0.00
1860.4016 Switch Engine Operation and Maintenane $34,906.25
1860.4017 Equipment Operation and Maintenance $1,675.73
1860.4020 Stores Salvage - Joint $0.00
1860.4110 Supervision $12,366.58
1860.4111 Clerical $4,530.95
1860.4112 Training and Safety $4,859.91
1860.4113 General Shop Labor $17,418.51
1860.4114 Facility Maintenance - Labor $12,380.07
1860.4116 Switch Engine Operation and Maintenane $12,859.84
1860.4201 Ad Valorem Taxes - Facility $3,289.00
1860.4203 Taxes - Other $1,234.00
1860.4206 Data Processing Charges $1,157.45
1860.4207 General Office Overhead $1,295.98
1860.4210 Employee Activities $108.83
1860.4211 Employee Expenses $2,089.24
1860.4212 Employee Fringe Benefits $5,858.78
1860.4215 Employee Sick Benefits $0.00
1860.4220 Injuries and Damages $0.00
1860.4221 Insurance - Liability and Property $0.00
1860.4225 Maintenance of Facilities (Contracted) $0.00
1860.4226 Office Supplies and Expenses $624.31
1860.4232 Payroll Taxes (FICA & UC) - Other $5,853.04
1860.4233 Special Services $0.00
1860.4234 Utilities-Heat, Light, Power and Water $17,922.47
1860.4235 Utilities - Telephone $453.43
1860.4236 Vehicle Expense $0.00
1860.4237 Depreciation Expense $0.00
1860.4250 Miscellaneous $171.68
1860.4262 Lease - Basic - All Except Coal Cars $32,962.00
1860.4264 Lease-Supplemental Expenses-Facility $0.00
Total Costs Shared on Cost Ratio
(see computation below)-
SWEPCO 72.22% PSO 27.78 % $178,876.18 $129,184.38 $49,691.80
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement (Cost Ratio) $3,021.43
TOTAL COSTS FOR THE MONTH $257,139.99 $98,457.45
</TABLE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $47,136.35 72.22 % SWEPCO
102, 103 Direct Labor PSO $18,128.02 27.78 % PSO
Total Direct Labor $65,264.37 100.00 %
