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 July 1, 1996 TO
September 30, 1996
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 July 1, 1996 through September 30,
1996.
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
JULY 1996 378 217 595
AUGUST 1996 385 235 620
SEPTEMBER 1996 464 147 611
------------ ----------- -------------
TOTAL 1,227 599 1,826
============ =========== =============
B. AMOUNT OF EXPENDITURES DETAIL
SWEPCO PSO TOTAL
DIRECT LABOR -
JULY 1996 $45,114 $10,796 $55,910
AUGUST 1996 38,780 17,149 55,929
SEPTEMBER 1996 46,640 10,107 56,747
------------ ----------- -------------
TOTAL $130,534 $38,052 $168,586
============ =========== =============
DIRECT MATERIAL -
JULY 1996 $253,464 $9,806 $263,270
AUGUST 1996 173,555 161,413 334,968
SEPTEMBER 1996 228,333 40,887 269,220
------------ ----------- -------------
TOTAL $655,352 $212,106 $867,458
============ =========== =============
OTHER DIRECT EXPENSES -
JULY 1996 ($11,114) $60,423 $49,309
AUGUST 1996 (76,442) (69,145) (145,587)
SEPTEMBER 1996 (35,401) (10,240) (45,641)
============ =========== =============
TOTAL ($122,957) ($18,962) ($141,919)
============ =========== =============
INDIRECT EXPENSES SHARED ON
COST RATIO
JULY 1996 $86,755 $20,761 $107,516
AUGUST 1996 54,543 24,117 78,660
SEPTEMBER 1996 55,749 12,080 67,829
------------ ----------- -------------
TOTAL $197,047 $56,958 $254,005
============ =========== =============
TOTAL EXPENDITURES
JULY 1996 $374,219 $101,786 $476,005
AUGUST 1996 190,436 133,534 323,970
SEPTEMBER 1996 295,321 52,834 348,155
------------ ----------- -------------
TOTAL $859,976 $288,154 $1,148,130
============ =========== =============
C. COMPUTATION OF COST RATIO SWEPCO PSO TOTAL
JULY 1996
DIRECT LABOR $45,114 $10,796 $55,910
COST RATIO 80.69% 19.31% 100.00%
AUGUST 1996
DIRECT LABOR $38,780 $17,149 $55,929
COST RATIO 69.34% 30.66% 100.00%
SEPTEMBER 1996
DIRECT LABOR $46,640 $10,107 $56,747
COST RATIO 82.19% 17.81% 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 7th day of November, 1996.
SOUTHWESTERN ELECTRIC POWER COMPANY
By /S/ R. RUSSELL DAVIS
R. Russell Davis
Controller and
Chief Accounting Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit Transmission
NUMBER EXHIBIT METHOD
1 July 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 August 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 September 1996 statement furnished by SWEPCO Electronic
to PSO detailing PSO's rail car charges
CENTRAL AND SOUTH WEST SERVICES, INC. Exhibit 1
P.O. BOX 21928 TULSA, OKLAHOMA Page 1 of 3
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
JULY 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 378 PSO 217
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $253,464.23
PR4018 Stores Salvage - SWEPCO (63,864.63)
PR4101 Direct Labor to SWEPCO Coal Cars 26,370.15
PR4104 Direct Labor to Rework SWEPCO Material 18,744.09
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 168.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 7,828.32
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,515.58
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 35,706.24
PR4272 Switching Fees - SWEPCO 5,532.38
PR4277 Repainting Coal Cars - SWEPCO 0.00
----------
Total 100% SWEPCO Costs $298,068.36
===========
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $62,021.16
PR4015 Inventory Carrying Charges - PSO 3,094.34
PR4019 Stores Salvage - PSO (15,960.64)
PR4102 Direct Labor to PSO Coal Cars 9,805.90
PR4103 Direct Labor to Rework PSO Material 990.10
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 1,397.24
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 842.14
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 17,105.83
PR4273 Switching Fees - PSO 1,627.24
PR4278 Repainting Coal Cars - PSO 0.00
----------
Total 100% PSO Costs $81,024.31
==========
<PAGE>
Exhibit 1
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
PR4010 Shop Material $11,253.96
PR4011 Small Tools 297.28
PR4012 Facility Maintenance - Material 789.77
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 0.00
PR4017 Equipment Operation and Maintenance 2,397.70
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,580.62
PR4111 Clerical 3,555.89
PR4112 Training and Safety 0.00
PR4113 General Shop Labor 3,533.79
PR4114 Facility Maintenance - Labor 9,558.93
PR4116 Switch Engine Operation and Maintenance 9,344.87
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,306.25
PR4210 Employee Activities 52.00
PR4211 Employee Expenses 1,031.64
PR4212 Employee Fringe Benefits 4,246.19
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 269.85
PR4225 Maintenance of Facilities (Contracted) 1,970.00
PR4226 Office Supplies and Expenses 581.93
PR4232 Payroll Taxes (FICA & UC) - Other 2,864.10
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and
Water 3,904.74
PR4235 Utilities - Telephone 617.04
PR4236 Vehicle Expense 1,502.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 0.00
PR4262 Lease - Basic - All Except Coal Cars 32,962.00
PR4264 Lease - Supplemental Expenses -
Facilility 0.00
Total Costs Shared on Cost Ratio
{see computation below} -
---------- ---------- ----------
SWEPCO 80.69% PSO 19.31% $107,515.95 $86,754.62 $20,761.33
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 2,100.21
----------
TOTAL COSTS FOR THE MONTH $384,822.98 $103,885.85
=========== ===========
<PAGE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $45,114.24 80.69% SWEPCO
102, 103 Direct Labor PSO 10,796.00 19.31% PSO
---------- ------
Total Direct Labor $55,910.24 100.00%
========== ======
CENTRAL AND SOUTH WEST SERVICES, INC. Exhibit 2
P.O. BOX 21928 TULSA, OKLAHOMA Page 1 of 3
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
AUGUST 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 385 PSO 235
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $173,554.96
PR4018 Stores Salvage - SWEPCO (117,031.76)
PR4101 Direct Labor to SWEPCO Coal Cars 22,148.24
PR4104 Direct Labor to Rework SWEPCO Material 16,631.61
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 168.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 9,084.55
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,024.83
PR4238 Depreciation Expense - SWEPCO 10,665.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 15,380.24
PR4272 Switching Fees - SWEPCO 2,268.02
PR4277 Repainting Coal Cars - SWEPCO 0.00
-----------
Total 100% SWEPCO Costs $135,893.69
===========
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $161,413.06
PR4015 Inventory Carrying Charges - PSO 3,109.86
PR4019 Stores Salvage - PSO (83,940.70)
PR4102 Direct Labor to PSO Coal Cars 16,212.83
PR4103 Direct Labor to Rework PSO Material 936.56
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 4,017.45
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,337.71
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 4,924.07
PR4273 Switching Fees - PSO 1,305.12
PR4278 Repainting Coal Cars - PSO 0.00
----------
Total 100% PSO Costs $109,416.96
==========
<PAGE>
Exhibit 2
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
PR4010 Shop Material $4,101.48
PR4011 Small Tools 399.62
PR4012 Facility Maintenance - Material 621.71
PR4013 Sale of Scrap (Cr.) (1,000.00)
PR4016 Switch Engine Operation and
Maintenance 2,035.05
PR4017 Equipment Operation and Maintenance 6,805.31
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 8,635.52
PR4111 Clerical 3,775.51
PR4112 Training and Safety 46.83
PR4113 General Shop Labor 4,227.02
PR4114 Facility Maintenance - Labor 11,444.64
PR4116 Switch Engine Operation and
Maintenance 9,693.07
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,295.77
PR4210 Employee Activities 82.32
PR4211 Employee Expenses 1,877.19
PR4212 Employee Fringe Benefits 9,601.14
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 269.85
PR4225 Maintenance of Facilities
(Contracted) 1,500.00
PR4226 Office Supplies and Expenses 4,414.03
PR4232 Payroll Taxes (FICA & UC) - Other 2,983.06
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and
Water 10.05
PR4235 Utilities - Telephone 627.18
PR4236 Vehicle Expense 317.96
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 0.00
PR4262 Lease - Basic - All Except Coal Cars 0.00
PR4264 Lease - Supplemental Expenses -
Facility 0.00
Total Costs Shared on Cost Ratio
{see computation below} -
---------- ---------- ----------
SWEPCO 69.34% PSO 30.66% $78,659.71 $54,542.64 $24,117.07
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 3,334.66
---------
TOTAL COSTS FOR THE MONTH $190,436.33 $136,868.69
=========== ===========
<PAGE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $38,779.85 69.34% SWEPCO
102, 103 Direct Labor PSO 17,149.39 30.66% PSO
---------- --------
Total Direct Labor $55,929.24 100.00%
========== ========
CENTRAL AND SOUTH WEST SERVICES, INC. Exhibit 3
P.O. BOX 21928 TULSA, OKLAHOMA Page 1 of 3
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
SEPTEMBER 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 464 PSO 147
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $228,333.18
PR4018 Stores Salvage - SWEPCO (65,282.44)
PR4101 Direct Labor to SWEPCO Coal Cars 31,703.91
PR4104 Direct Labor to Rework SWEPCO Material 14,936.27
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 168.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 10,926.03
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,637.85
PR4238 Depreciation Expense - SWEPCO 10,724.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 0.00
PR4272 Switching Fees - SWEPCO 4,425.38
PR4277 Repainting Coal Cars - SWEPCO 0.00
-----------
Total 100% SWEPCO Costs $239,572.18
===========
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $40,887.01
PR4015 Inventory Carrying Charges - PSO 3,204.57
PR4019 Stores Salvage - PSO (19,545.78)
PR4102 Direct Labor to PSO Coal Cars 9,102.69
PR4103 Direct Labor to Rework PSO Material 1,004.48
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,367.81
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 788.34
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 0.00
PR4273 Switching Fees - PSO 2,843.77
PR4278 Repainting Coal Cars - PSO 0.00
----------
Total 100% PSO Costs $40,753.89
==========
Exhibit 3
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
PR4010 Shop Material $3,109.20
PR4011 Small Tools 25.33
PR4012 Facility Maintenance - Material 717.48
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and
Maintenance 381.55
PR4017 Equipment Operation and Maintenance 6,707.38
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,095.76
PR4111 Clerical 3,882.14
PR4112 Training and Safety 0.00
PR4113 General Shop Labor 3,628.07
PR4114 Facility Maintenance - Labor 8,198.01
PR4116 Switch Engine Operation and
Maintenance 9,030.35
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,319.68
PR4210 Employee Activities 19.54
PR4211 Employee Expenses 71.21
PR4212 Employee Fringe Benefits 8,455.57
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 269.85
PR4225 Maintenance of Facilities
(Contracted) 800.00
PR4226 Office Supplies and Expenses 730.83
PR4232 Payroll Taxes (FICA & UC) - Other 2,746.41
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and
Water 3,177.09
PR4235 Utilities - Telephone 502.47
PR4236 Vehicle Expense 0.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 300.00
PR4262 Lease - Basic - All Except Coal CarS 0.00
PR4264 Lease - Supplemental Expenses -
Facility 0.00
Total Costs Shared on Cost Ratio
{see computation below} -
---------- ---------- ----------
SWEPCO 82.19% PSO 17.81% $67,829.32 $55,748.92 $12,080.40
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,937.06
----------
TOTAL COSTS FOR THE MONTH $295,321.10 $54,771.35
=========== ==========
<PAGE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $46,640.18 82.19% SWEPCO
102, 103 Direct Labor PSO 10,107.17 17.81% PSO
---------- ------
Total Direct Labor $56,747.35 100.00%
========== ======
