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, 1997 TO
September 30, 1997
PUBLIC SERVICE COMPANY OF OKLAHOMA PURSUANT TO RULE 24
Tulsa, Oklahoma 74102
CENTRAL POWER AND LIGHT COMPANY
Corpus Christi, Texas 78401
File No. 70-5741
This report is filed by Southwestern Electric Power Company (SWEPCO) on behalf
of itself, Public Service Company of Oklahoma (PSO) and Central Power and Light
Company (CPL) 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, PSO's and CPL'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 each of
SWEPCO, PSO and CPL; (b) the amount of expenditures by month for direct labor
cost, direct material cost, and indirect expenses for each of SWEPCO, PSO and
CPL; (c) computation by month of allocated cost to be shared by SWEPCO, PSO and
CPL on the basis of the "Cost Ratio", and (d) copies of the monthly reports
furnished by SWEPCO to PSO and CPL detailing the work and charges associated
with PSO and CPL 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, PSO and CPL. This report covers the period July 1,
1997 through September 30, 1997.
<PAGE>
THIRD QUARTER 1997
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO CPL TOTAL
JULY 415 286 701
AUGUST 384 162 546
SEPTEMBER 496 187 683
TOTAL 1,295 635 0 1,930
B. AMOUNT OF EXPENDITURES
DETAIL
DIRECT LABOR -
JULY $37,579.60 $16,184.38 $53,763.98
AUGUST 32,703.22 12,777.23 $45,480.45
SEPTEMBER 41,282.63 15,382.21 $56,664.84
TOTAL $111,565.45 $44,343.82 $0.00 $155,909.27
DIRECT MATERIAL -
JULY $278,771.21 $95,499.83 $374,271.04
AUGUST 152,669.62 76,011.34 $228,680.96
SEPTEMBER 165,371.71 79,915.04 $245,286.75
TOTAL $596,812.54 $251,426.21 $0.00 $848,238.75
OTHER DIRECT EXPENSES -
JULY $1,436.18 $25,359.79 $26,795.97
AUGUST (129,016.31) (26,007.15) ($155,023.46)
SEPTEMBER (34,688.15) (11,420.10) ($46,108.25)
TOTAL ($162,268.28) ($12,067.46) $0.00 ($174,335.74)
INDIRECT EXPENSES SHARED ON
COST RATIO
JULY $43,563.95 $18,759.30 $62,323.25
AUGUST 62,058.89 24,241.89 $86,300.78
SEPTEMBER 66,999.45 24,969.59 $91,969.04
TOTAL $172,622.29 $67,970.78 $0.00 $240,593.07
TOTAL EXPENDITURES
JULY $361,350.94 $155,803.30 $517,154.24
AUGUST 118,415.42 87,023.31 $205,438.73
SEPTEMBER 238,965.64 108,846.74 $347,812.38
TOTAL $718,732.00 $351,673.35 $0.00 $1,070,405.35
SWEPCO PSO CPL TOTAL
C. COMPUTATION OF COST RATIO
JULY 1997
DIRECT LABOR $37,579.60 $16,184.38 $0.00 $53,763.98
COST RATIO 69.90% 30.10% 0.00% 100.00%
AUGUST 1997
DIRECT LABOR $32,703.22 $12,777.23 $0.00 $45,480.45
COST RATIO 71.91% 28.09% 0.00% 100.00%
SEPTEMBER 1997
DIRECT LABOR $41,282.63 $15,382.21 $0.00 $56,664.84
COST RATIO 72.85% 27.15% 0.00% 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 27th day of October, 1997.
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 1997 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 August 1997 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 September 1997 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 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 415 PSO 286
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $278,771.21
PR4018 Stores Salvage - SWEPCO (52,318.65)
PR4101 Direct Labor to SWEPCO Coal Cars 26,711.06
PR4104 Direct Labor to Rework SWEPCO Material 10,868.54
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 0.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 7,050.37
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,980.34
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 42,157.29
PR4272 Switching Fees - SWEPCO 1,566.83
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $317,786.99
===============
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $95,499.83
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO 4,666.31
PR4102 Direct Labor to PSO Coal Cars 14,087.92
PR4103 Direct Labor to Rework PSO Material 2,096.46
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 3,036.32
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,283.48
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 10,458.75
PR4273 Switching Fees - PSO 2,641.18
PR4278 Repainting Coal Cars - PSO 0.00
---------------
Total 100% PSO Costs $133,770.25
===============
<PAGE>
Exhibit 1
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $3,987.59
PR4011 Small Tools 95.83
PR4012 Facility Maintenance - Material 3,132.08
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,432.25
PR4017 Equipment Operation and Maintenance 3,399.29
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 9,840.57
PR4111 Clerical 3,959.88
PR4112 Training and Safety 310.90
PR4113 General Shop Labor 4,104.96
PR4114 Facility Maintenance - Labor 6,933.91
PR4116 Switch Engine Operation and Maintenance 9,150.85
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 636.28
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 433.48
PR4212 Employee Fringe Benefits 6,668.60
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 3,623.05
PR4226 Office Supplies and Expenses 415.16
PR4232 Payroll Taxes (FICA & UC) - Other 2,724.46
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 0.00
PR4235 Utilities - Telephone 688.61
PR4236 Vehicle Expense 0.00
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} -
$62,323.25
SWEPCO 69.90% $43,563.95
---------------
PSO 30.10% $18,759.30
---------------
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 3,273.75
---------------
TOTAL COSTS FOR THE MONTH
SWEPCO $361,350.94
===============
PSO $155,803.30
===============
<PAGE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $37,579.60 69.90% SWEPCO
102, 103 Direct Labor PSO 16,184.38 30.10 PSO
------------- --------
Total Direct Labor $53,763.98 100.00%
============= ========
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 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 384 PSO 162
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $152,669.62
PR4018 Stores Salvage - SWEPCO (148,680.40)
PR4101 Direct Labor to SWEPCO Coal Cars 21,903.00
PR4104 Direct Labor to Rework SWEPCO Material 10,800.22
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 0.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 6,131.66
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,591.99
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 73.82
PR4272 Switching Fees - SWEPCO 262.62
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $56,356.53
===============
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $76,011.34
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO (33,453.89)
PR4102 Direct Labor to PSO Coal Cars 9,991.34
PR4103 Direct Labor to Rework PSO Material 2,785.89
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,395.65
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,012.68
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 651.21
PR4273 Switching Fees - PSO 332.06
PR4278 Repainting Coal Cars - PSO 0.00
---------------
Total 100% PSO Costs $59,726.28
===============
<PAGE>
Exhibit 2
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $3,173.86
PR4011 Small Tools 418.95
PR4012 Facility Maintenance - Material 1,740.37
PR4013 Sale of Scrap (Cr.) (25.92)
PR4016 Switch Engine Operation and Maintenance 134.46
PR4017 Equipment Operation and Maintenance 3,955.21
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,318.47
PR4111 Clerical 4,011.80
PR4112 Training and Safety 23.05
PR4113 General Shop Labor 8,271.48
PR4114 Facility Maintenance - Labor 19,626.59
PR4116 Switch Engine Operation and Maintenance 9,064.04
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 0.00
PR4207 General Office Overhead 63.22
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 1,433.10
PR4212 Employee Fringe Benefits 12,367.67
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 0.00
PR4225 Maintenance of Facilities (Contracted) 1,520.00
PR4226 Office Supplies and Expenses 447.05
PR4232 Payroll Taxes (FICA & UC) - Other 4,144.12
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 4,123.04
PR4235 Utilities - Telephone 490.22
PR4236 Vehicle Expense 0.00
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} -
---------------
$86,300.78
SWEPCO 71.91% $62,058.89
---------------
PSO 28.09% $24,241.89
---------------
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 3,055.14
---------------
TOTAL COSTS FOR THE MONTH
$118,415.42
===============
$87,023.31
===============
<PAGE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $32,703.22 71.91% SWEPCO
102, 103 Direct Labor PSO 12,777.23 28.09 PSO
------------- --------
Total Direct Labor $45,480.45 100.00%
============= ========
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 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 496 PSO 187
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $165,371.71
PR4018 Stores Salvage - SWEPCO (61,017.25)
PR4101 Direct Labor to SWEPCO Coal Cars 28,976.79
PR4104 Direct Labor to Rework SWEPCO Material 12,305.84
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO 0.00
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 7,726.47
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,266.08
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 14,486.31
PR4272 Switching Fees - SWEPCO 850.24
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $171,966.19
===============
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $79,915.04
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO (25,564.21)
PR4102 Direct Labor to PSO Coal Cars 12,138.21
PR4103 Direct Labor to Rework PSO Material 3,244.00
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,878.94
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,217.01
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,108.26
PR4273 Switching Fees - PSO 987.00
PR4278 Repainting Coal Cars - PSO 0.00
---------------
Total 100% PSO Costs $80,924.25
===============
<PAGE>
Exhibit 3
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $4,827.07
PR4011 Small Tools 329.89
PR4012 Facility Maintenance - Material 4,433.44
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 948.54
PR4017 Equipment Operation and Maintenance 6,012.76
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 8,819.57
PR4111 Clerical 4,858.26
PR4112 Training and Safety 212.41
PR4113 General Shop Labor 6,133.80
PR4114 Facility Maintenance - Labor 22,491.13
PR4116 Switch Engine Operation and Maintenance 10,280.81
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 0.00
PR4207 General Office Overhead 59.90
PR4210 Employee Activities 1,471.75
PR4211 Employee Expenses 555.71
PR4212 Employee Fringe Benefits 9,969.45
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 1,725.00
PR4226 Office Supplies and Expenses 1,146.58
PR4232 Payroll Taxes (FICA & UC) - Other 4,181.25
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 2,431.49
PR4235 Utilities - Telephone 853.38
PR4236 Vehicle Expense 15.75
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} -
---------------
$91,969.04
SWEPCO 72.85% $66,999.45
---------------
PSO 27.15% $24,969.59
---------------
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 2,952.90
---------------
TOTAL COSTS FOR THE MONTH
SWEPCO $238,965.64
===============
PSO $108,846.74
===============
<PAGE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $41,282.63 72.85% SWEPCO
102, 103 Direct Labor PSO 15,382.21 27.15 PSO
------------- --------
Total Direct Labor $56,664.84 100.00%
============= ========
