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, 1996 TO
MARCH 31, 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
January 1, 1996 through March 31, 1996.
<PAGE> 2
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
January 1996 309 208 517
February 1996 367 220 587
March 1996 367 167 534
Total Period 1,043 595 1,638
B. AMOUNT OF EXPENDITURES DETAIL
SWEPCO PSO TOTAL
Direct Labor - January 1996 $ 27,421 $ 20,291 $ 47,712
- February 1996 34,236 29,600 63,836
- March 1996 35,596 25,738 61,334
- Total Period 97,253 75,629 172,882
Direct Material - January 1996 270,230 179,831 450,061
- February 1996 198,297 67,483 265,780
- March 1996 144,453 164,077 308,530
- Total Period 612,980 411,391 1,024,371
Other Direct Expenses - January 1996 (139,605) (28,432) (168,037)
- February 1996 129,005 73,772 202,777
- March 1996 (69,023) (26,737) (95,760)
- Total Period (79,623) 18,603 (61,020)
Indirect Expenses Shared
On Cost Ratio - January 1996 79,901 59,130 139,031
- February 1996 50,388 43,567 93,955
- March 1996 42,209 30,515 72,724
- Total Period 172,498 133,212 305,710
Total Expenditures - January 1996 237,947 230,820 468,767
- February 1996 411,926 214,422 626,348
- March 1996 153,235 193,593 346,828
- Total Period $803,108 $ 638,835 $1,441,943
C. COMPUTATION OF COST RATIO
SWEPCO PSO TOTAL
January 1996 -
Direct Labor $ 27,421 $ 20,291 $ 47,712
Cost Ratio 57.47% 42.53% 100.00%
February 1996 -
Direct Labor $ 34,236 $ 29,600 $ 63,836
Cost Ratio 53.63% 46.37% 100.00%
March 1996 -
Direct Labor $ 35,596 $ 25,738 $ 61,334
Cost Ratio 58.04% 41.96% 100.00%
<PAGE> 3
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> 4
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 14th day of May, 1996.
SOUTHWESTERN ELECTRIC POWER COMPANY
By /s/ R. Russell Davis
R. Russell Davis
Controller and
Chief Accounting Officer
<PAGE> 5
INDEX TO EXHIBITS
Exhibit Transmission
Number Exhibit Method
1 January 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 February 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 March 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
JANUARY 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 309 PSO 208
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $270,230.48
PR4018 Stores Salvage - SWEPCO (162,063.22)
PR4101 Direct Labor to SWEPCO Coal Cars 18,604.69
PR4104 Direct Labor to Rework SWEPCO Material 8,815.93
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 6,423.58
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,138.77
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 65.59
PR4272 Switching Fees - SWEPCO 3,058.37
PR4277 Repainting Coal Cars - SWEPCO 0.00
Total 100% SWEPCO Costs $158,046.19
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $179,830.57
PR4015 Inventory Carrying Charges - PSO 2,571.09
PR4019 Stores Salvage - PSO (40,459.14)
PR4102 Direct Labor to PSO Coal Cars 13,572.80
PR4103 Direct Labor to Rework PSO Material 6,717.82
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 4,753.28
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,582.65
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 1,023.26
PR4273 Switching Fees - PSO 1,996.18
PR4278 Repainting Coal Cars - PSO 0.00
Total 100% PSO Costs $171,689.51
</TABLE>
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 $2,875.48
PR4011 Small Tools 9,721.47
PR4012 Facility Maintenance - Material 2,071.52
PR4013 Sale of Scrap (Cr.) (18.75)
PR4016 Switch Engine Operation and Maintenance 0.00
PR4017 Equipment Operation and Maintenance 3,159.07
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 7,546.19
PR4111 Clerical 3,806.17
PR4112 Training and Safety 551.59
PR4113 General Shop Labor 25,416.47
PR4114 Facility Maintenance - Labor 7,518.67
PR4116 Switch Engine Operation and Maintenance 6,891.81
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,361.24
PR4210 Employee Activities 941.16
PR4211 Employee Expenses 1,576.11
PR4212 Employee Fringe Benefits 13,255.12
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 269.85
PR4225 Maintenance of Facilities (Contracted) 1,023.77
PR4226 Office Supplies and Expenses 1,523.60
PR4232 Payroll Taxes (FICA & UC) - Other 4,086.07
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 6,915.24
PR4235 Utilities - Telephone 523.84
PR4236 Vehicle Expense 157.70
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 0.00
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 57.47% PSO 42.53% $139,030.80 $79,901.00 $59,129.80
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $4,625.67
TOTAL COSTS FOR THE MONTH $237,947.19 $235,444.98
</TABLE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $27,420.62 57.47 % SWEPCO
102, 103 Direct Labor PSO $20,290.62 42.53 % PSO
Total Direct Labor $47,711.24 100.00 %
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
FEBRUARY 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 367 PSO 220
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $198,297.30
PR4018 Stores Salvage - SWEPCO 47,930.71
PR4101 Direct Labor to SWEPCO Coal Cars 29,363.83
PR4104 Direct Labor to Rework SWEPCO Material 4,872.44
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 8,020.22
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,670.42
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 58,239.55
PR4272 Switching Fees - SWEPCO 1,371.35
PR4277 Repainting Coal Cars - SWEPCO 0.00
Total 100% SWEPCO Costs 361,537.82
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $67,483.37
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO 31,729.97
PR4102 Direct Labor to PSO Coal Cars 19,246.25
PR4103 Direct Labor to Rework PSO Material 10,353.69
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 6,934.05
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 2,308.76
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 29,521.40
PR4273 Switching Fees - PSO 3,176.24
PR4278 Repainting Coal Cars - PSO 0.00
Total 100% PSO Costs $170,854.73
</TABLE>
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 $9,805.18
PR4011 Small Tools 271.64
PR4012 Facility Maintenance - Material 2,506.93
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance (21,666.96)
PR4017 Equipment Operation and Maintenance 4,578.37
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,722.49
PR4111 Clerical 4,236.73
PR4112 Training and Safety 352.76
PR4113 General Shop Labor 5,228.78
PR4114 Facility Maintenance - Labor 8,745.69
PR4116 Switch Engine Operation and Maintenance 8,590.41
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,456.64
PR4210 Employee Activities 110.85
PR4211 Employee Expenses 2,950.96
PR4212 Employee Fringe Benefits 9,342.52
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 1,022.11
PR4232 Payroll Taxes (FICA & UC) - Other 3,009.53
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 3,014.54
PR4235 Utilities - Telephone 542.75
PR4236 Vehicle Expense 9.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 181.12
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 53.63% PSO 46.37 % $93,954.29 $50,387.69 $43,566.60
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $5,043.32
TOTAL COSTS FOR THE MONTH $411,925.51 $219,464.65
</TABLE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $34,236.27 53.63 % SWEPCO
102, 103 Direct Labor PSO $29,599.94 46.37 % PSO
Total Direct Labor $63,836.21 100 %
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
MARCH 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 367 PSO 167
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $144,453.08
PR4018 Stores Salvage - SWEPCO (89,273.10)
PR4101 Direct Labor to SWEPCO Coal Cars 32,785.87
PR4104 Direct Labor to Rework SWEPCO Material 2,810.09
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 8,338.80
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,776.47
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars (3,932.76)
PR4272 Switching Fees - SWEPCO 2,295.62
PR4277 Repainting Coal Cars - SWEPCO 0.00
Total 100% SWEPCO Costs 111,026.07
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $164,076.97
PR4015 Inventory Carrying Charges - PSO 2,269.49
PR4019 Stores Salvage - PSO (38,788.69)
PR4102 Direct Labor to PSO Coal Cars 13,852.07
PR4103 Direct Labor to Rework PSO Material 11,886.44
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 6,029.66
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 2,007.59
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 0.00
PR4273 Switching Fees - PSO 1,642.15
PR4278 Repainting Coal Cars - PSO 0.00
Total 100% PSO Costs $163,076.68
</TABLE>
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 $3,769.63
PR4011 Small Tools (40,759.39)
PR4012 Facility Maintenance - Material 976.27
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 686.23
PR4017 Equipment Operation and Maintenance 5,440.39
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,962.72
PR4111 Clerical 4,572.69
PR4112 Training and Safety 152.84
PR4113 General Shop Labor 3,562.12
PR4114 Facility Maintenance - Labor 8,903.84
PR4116 Switch Engine Operation and Maintenance 9,579.80
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,434.83
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 1,031.74
PR4212 Employee Fringe Benefits 9,086.55
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 269.85
PR4225 Maintenance of Facilities (Contracted) 1,154.68
PR4226 Office Supplies and Expenses 2,014.46
PR4232 Payroll Taxes (FICA & UC) - Other 2,996.39
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 8,525.56
PR4235 Utilities - Telephone 505.74
PR4236 Vehicle Expense 0.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 0.00
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 58.04% PSO 41.96 % $72,724.35 $42,209.21 $30,515.14
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} $4,563.68
TOTAL COSTS FOR THE MONTH $153,235.28 $198,155.50
</TABLE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $35,595.96 58.04 % SWEPCO
102, 103 Direct Labor PSO $25,738.51 41.96 % PSO
Total Direct Labor $61,334.47 100 %
