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 April 1, 1996 TO
June 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 April 1, 1996 through June 30,
1996.
<PAGE>
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
April 1996 428 241 669
May 1996 311 227 538
June 1996 419 219 638
Total Period 1,158 687 1,845
B. AMOUNT OF EXPENDITURES DETAIL
SWEPCO PSO TOTAL
Direct Labor - April 1996 $ 32,406 $ 24,138 $ 56,544
- May 1996 30,998 31,876 62,874
- June 1996 64,733 22,156 86,889
- Total Period 128,137 78,170 206,307
Direct Material - April 1996 257,395 81,418 338,813
- May 1996 161,631 133,827 295,458
- June 1996 229,704 70,645 300,349
- Total Period 648,730 285,890 934,620
Other Direct Expenses - April 1996 (55,663) 3,608 (52,055)
- May 1996 (126,563) (51,816) (178,379)
- June 1996 (73,961) (13,409) (87,370)
- Total Period (256,187) (61,617) (317,804)
Indirect Expenses Shared
On Cost Ratio - April 1996 78,936 58,799 137,735
- May 1996 52,111 53,591 105,702
- June 1996 103,070 35,279 138,349
- Total Period 234,117 147,669 381,786
Total Expenditures - April 1996 313,074 167,963 481,037
- May 1996 118,177 167,478 285,655
- June 1996 323,546 114,671 438,217
- Total Period $754,797 $ 450,112 $1,204,909
C. COMPUTATION OF COST RATIO
SWEPCO PSO TOTAL
April 1996 -
Direct Labor $ 32,406 $ 24,138 $ 56,544
Cost Ratio 57.31% 42.69% 100.00%
May 1996 -
Direct Labor $ 30,998 $ 31,876 $ 62,874
Cost Ratio 49.30% 50.70% 100.00%
June 1996 -
Direct Labor $ 64,733 $ 22,156 $ 86,889
Cost Ratio 74.50% 25.50% 100.00%
<PAGE>
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.
<PAGE>
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 5th day of August, 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 April 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 May 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 June 1996 statement furnished by SWEPCO Electronic
to PSO detailing PSO's rail car charges
Exhibit 1
CENTRAL AND SOUTH WEST SERVICES, INC.
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
APRIL 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 428 PSO 241
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars ............. $257,394.72
PR4018 Stores Salvage - SWEPCO ......................... ($102,016.36)
PR4101 Direct Labor to SWEPCO Coal Cars ................ $28,817.89
PR4104 Direct Labor to Rework SWEPCO Material .......... $3,588.07
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 $7,591.49
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO $2,527.69
PR4238 Depreciation Expense - SWEPCO ................... $10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO .......... $0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars ......... $21,156.95
PR4272 Switching Fees - SWEPCO ......................... $4,305.68
PR4277 Repainting Coal Cars - SWEPCO ................... $0.00
-------------
Total 100% SWEPCO Costs $234,138.13
=============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars ............. $81,417.59
PR4015 Inventory Carrying Charges - PSO ............. $2,146.47
PR4019 Stores Salvage - PSO ......................... ($15,450.74)
PR4102 Direct Labor to PSO Coal Cars ................ $12,302.67
PR4103 Direct Labor to Rework PSO Material .......... $11,835.35
PR4205 Ad Valorem Taxes - Facility - Direct - PSO ... $101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO $5,654.55
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO $1,882.76
PR4239 Depreciation Expense - PSO ................... $0.00
PR4271 Outside Maintenance of PSO Coal Cars ......... $7,639.07
PR4273 Switching Fees - PSO ......................... $1,635.77
PR4278 Repainting Coal Cars - PSO ................... $0.00
------------
Total 100% PSO Costs $109,164.49
============
</TABLE>
<PAGE>
Exhibit 1
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C>
PR4010 Shop Material .......................... $3,866.48
PR4011 Small Tools ............................ $36,959.24
PR4012 Facility Maintenance - Material ........ $1,446.91
PR4013 Sale of Scrap (Cr.) .................... ($8,672.43)
PR4016 Switch Engine Operation and Maintenance $1,360.47
PR4017 Equipment Operation and Maintenance .... $3,787.71
PR4020 Stores Salvage - Joint ................. $0.00
PR4110 Supervision ............................ $10,427.83
PR4111 Clerical ............................... $3,970.36
PR4112 Training and Safety .................... $2,671.13
PR4113 General Shop Labor ..................... $3,236.65
PR4114 Facility Maintenance - Labor ........... $7,730.31
PR4116 Switch Engine Operation and Maintenance $9,274.85
PR4201 Ad Valorem Taxes - Facility ............ $3,087.00
PR4203 Taxes - Other .......................... $1,234.00
PR4206 Data Processing Charges ................ $574.40
PR4207 General Office Overhead ................ $1,488.14
PR4210 Employee Activities .................... $0.00
PR4211 Employee Expenses ...................... $71.54
PR4212 Employee Fringe Benefits ............... $8,849.88
PR4215 Employee Sick Benefits ................. $0.00
PR4220 Injuries and Damages ................... $0.00
PR4221 Insurance - Liability and Property ..... $269.85
PR4225 Maintenance of Facilities (Contracted) . $815.00
PR4226 Office Supplies and Expenses ........... $882.33
PR4232 Payroll Taxes (FICA & UC) - Other ...... $2,942.09
PR4233 Special Services ....................... $0.00
PR4234 Utilities - Heat, Light, Power and Water $7,988.05
PR4235 Utilities - Telephone .................. $410.45
PR4236 Vehicle Expense ........................ $100.24
PR4237 Depreciation Expense ................... $0.00
PR4250 Miscellaneous .......................... $0.00
PR4262 Lease - Basic - All Except Coal Cars ... $32,962.00
PR4264 Lease - Supplemental Expenses - Facility $0.00
Total Costs Shared on Cost Ratio
{see computation below} -
------------ ------------- ------------
SWEPCO 57.31% PSO 42.69% $137,734.48 $78,935.63 $58,798.85
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $4,643.08
------------
TOTAL COSTS FOR THE MONTH $313,073.76 $172,606.42
============= ============
</TABLE>
<PAGE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $32,405.96 57.31% SWEPCO
102, 103 Direct Labor PSO $24,138.02 42.69% PSO
------------- --------
Total Direct Labor $56,543.98 100.00%
============= ========
Exhibit 2
CENTRAL AND SOUTH WEST SERVICES, INC.
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
MAY 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 311 PSO 227
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars ............... $161,631.17
PR4018 Stores Salvage - SWEPCO ........................... ($163,256.92)
PR4101 Direct Labor to SWEPCO Coal Cars .................. $27,199.14
PR4104 Direct Labor to Rework SWEPCO Material ............ $3,798.98
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 .. $7,260.62
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO . $2,417.52
PR4238 Depreciation Expense - SWEPCO ..................... $10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO ............ $0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars ........... $14,243.92
PR4272 Switching Fees - SWEPCO ........................... $1,999.00
PR4277 Repainting Coal Cars - SWEPCO ..................... $0.00
-------------
Total 100% SWEPCO Costs $66,065.43
=============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars .................. $133,826.80
PR4015 Inventory Carrying Charges - PSO .................. $2,449.57
PR4019 Stores Salvage - PSO .............................. ($74,876.94)
PR4102 Direct Labor to PSO Coal Cars ..................... $17,677.49
PR4103 Direct Labor to Rework PSO Material ............... $14,198.21
PR4205 Ad Valorem Taxes - Facility - Direct - PSO ........ $101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO ..... $7,467.31
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO .... $2,486.25
PR4239 Depreciation Expense - PSO ........................ $0.00
PR4271 Outside Maintenance of PSO Coal Cars .............. $7,375.41
PR4273 Switching Fees - PSO .............................. $3,181.18
PR4278 Repainting Coal Cars - PSO ........................ $0.00
------------
Total 100% PSO Costs $113,886.28
============
</TABLE>
<PAGE>
Exhibit 2
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C>
PR4010 Shop Material ............................ $4,407.47
PR4011 Small Tools .............................. $333.53
PR4012 Facility Maintenance - Material .......... $408.58
PR4013 Sale of Scrap (Cr.) ...................... ($169.00)
PR4016 Switch Engine Operation and Maintenance .. $0.00
PR4017 Equipment Operation and Maintenance ...... $4,245.41
PR4020 Stores Salvage - Joint ................... $0.00
PR4110 Supervision .............................. $11,174.52
PR4111 Clerical ................................. $4,116.96
PR4112 Training and Safety ...................... $199.02
PR4113 General Shop Labor ....................... $3,472.72
PR4114 Facility Maintenance - Labor ............. $7,067.37
PR4116 Switch Engine Operation and Maintenance .. $10,827.66
PR4201 Ad Valorem Taxes - Facility .............. $3,087.00
PR4203 Taxes - Other ............................ $1,234.00
PR4206 Data Processing Charges .................. $574.40
PR4207 General Office Overhead .................. $1,478.18
PR4210 Employee Activities ...................... $0.00
PR4211 Employee Expenses ........................ $231.74
PR4212 Employee Fringe Benefits ................. $9,057.96
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 ............. $636.09
PR4232 Payroll Taxes (FICA & UC) - Other ........ $2,918.91
PR4233 Special Services ......................... $0.00
PR4234 Utilities - Heat, Light, Power and Water . $5,870.62
PR4235 Utilities - Telephone .................... $497.81
PR4236 Vehicle Expense .......................... $0.00
PR4237 Depreciation Expense ..................... $0.00
PR4250 Miscellaneous ............................ $0.00
PR4262 Lease - Basic - All Except Coal Cars ..... $32,962.00
PR4264 Lease - Supplemental Expenses - Facility . $0.00
Total Costs Shared on Cost Ratio
{see computation below} -
------------ ------------- ------------
SWEPCO 49.30% PSO 50.70% $105,702.80 $52,111.48 $53,591.32
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $5,514.26
------------
TOTAL COSTS FOR THE MONTH $118,176.91 $172,991.86
============= ============
</TABLE>
<PAGE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $30,998.12 49.30% SWEPCO
102, 103 Direct Labor PSO $31,875.70 50.70% PSO
----------- -------
Total Direct Labor $62,873.82 100.00%
=========== ========
Exhibit 3
CENTRAL AND SOUTH WEST SERVICES, INC.
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
JUNE 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 419 PSO 219
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars .............. $229,704.34
PR4018 Stores Salvage - SWEPCO .......................... ($118,288.16)
PR4101 Direct Labor to SWEPCO Coal Cars ................. $38,755.23
PR4104 Direct Labor to Rework SWEPCO Material ........... $25,977.44
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 . $15,164.43
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO $5,049.25
PR4238 Depreciation Expense - SWEPCO .................... $10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO ........... $0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars .......... $10,803.49
PR4272 Switching Fees - SWEPCO .......................... $2,538.60
PR4277 Repainting Coal Cars - SWEPCO .................... $0.00
-------------
Total 100% SWEPCO Costs $220,476.62
=============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars .................. $70,645.18
PR4015 Inventory Carrying Charges - PSO .................. $2,889.56
PR4019 Stores Salvage - PSO .............................. ($29,805.09)
PR4102 Direct Labor to PSO Coal Cars ..................... $18,326.39
PR4103 Direct Labor to Rework PSO Material ............... $3,829.46
PR4205 Ad Valorem Taxes - Facility - Direct - PSO ........ $101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO ..... $5,190.36
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO .... $1,728.17
PR4239 Depreciation Expense - PSO ........................ $0.00
PR4271 Outside Maintenance of PSO Coal Cars .............. $5,511.71
PR4273 Switching Fees - PSO .............................. $975.72
PR4278 Repainting Coal Cars - PSO ........................ $0.00
------------
Total 100% PSO Costs $79,392.46
============
</TABLE>
<PAGE>
Exhibit 3
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C>
PR4010 Shop Material ............................ $3,635.01
PR4011 Small Tools .............................. $103.02
PR4012 Facility Maintenance - Material .......... $973.87
PR4013 Sale of Scrap (Cr.) ...................... $0.00
PR4016 Switch Engine Operation and Maintenance .. $1,690.22
PR4017 Equipment Operation and Maintenance ...... $3,529.01
PR4020 Stores Salvage - Joint ................... $0.00
PR4110 Supervision .............................. $13,579.79
PR4111 Clerical ................................. $5,734.74
PR4112 Training and Safety ...................... $404.42
PR4113 General Shop Labor ....................... $6,513.37
PR4114 Facility Maintenance - Labor ............. $15,818.81
PR4116 Switch Engine Operation and Maintenance .. $11,570.03
PR4201 Ad Valorem Taxes - Facility .............. $3,087.00
PR4203 Taxes - Other ............................ $1,234.00
PR4206 Data Processing Charges .................. $574.40
PR4207 General Office Overhead .................. $1,911.55
PR4210 Employee Activities ...................... $704.52
PR4211 Employee Expenses ........................ $9.73
PR4212 Employee Fringe Benefits ................. $15,913.10
PR4215 Employee Sick Benefits ................... $0.00
PR4220 Injuries and Damages ..................... $0.00
PR4221 Insurance - Liability and Property ....... $269.85
PR4225 Maintenance of Facilities (Contracted) ... $2,483.82
PR4226 Office Supplies and Expenses ............. $1,059.50
PR4232 Payroll Taxes (FICA & UC) - Other ........ $4,249.13
PR4233 Special Services ......................... $0.00
PR4234 Utilities - Heat, Light, Power and Water . $9,712.55
PR4235 Utilities - Telephone .................... $497.55
PR4236 Vehicle Expense .......................... $57.34
PR4237 Depreciation Expense ..................... $0.00
PR4250 Miscellaneous ............................ $70.00
PR4262 Lease - Basic - All Except Coal Cars ..... $32,962.01
PR4264 Lease - Supplemental Expenses - Facility . $0.00
Total Costs Shared on Cost Ratio
{see computation below} -
------------ ------------- ------------
SWEPCO 74.50% PSO 25.50% $138,348.34 $103,069.51 $35,278.83
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $2,773.45
------------
TOTAL COSTS FOR THE MONTH $323,546.13 $117,444.74
============= ============
</TABLE>
<PAGE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $64,732.67 74.50% SWEPCO
102, 103 Direct Labor PSO $22,155.85 25.50% PSO
------------- --------
Total Direct Labor $86,888.52 100.00%
============= ========
