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, 1997 TO
March 31, 1997
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, 1997 through March 31,
1997.
<PAGE>
FIRST QUARTER 1997
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
JANUARY 375 37 412
FEBRUARY 280 149 429
MARCH 412 186 598
-----------------------------------------------
TOTAL 1,067 372 1,439
===============================================
B. AMOUNT OF EXPENDITURES DETAIL SWEPCO PSO TOTAL
DIRECT LABOR -
JANUARY $42,637.26 $6,107.17 $48,744.43
FEBRUARY 55,138.87 11,312.73 66,451.60
MARCH 51,079.53 10,018.37 61,097.90
-----------------------------------------------
TOTAL $148,855.66 $27,438.27 $176,293.93
===============================================
DIRECT MATERIAL -
JANUARY $256,689.36 $38,038.89 $294,728.25
FEBRUARY 329,494.98 84,062.66 413,557.64
MARCH 279,957.30 37,417.38 317,374.68
-----------------------------------------------
TOTAL $866,141.64 $159,518.93 $1,025,660.57
===============================================
OTHER DIRECT EXPENSES -
JANUARY ($72,621.40) ($38,420.98) ($111,042.38)
FEBRUARY (119,974.67) (27,467.83) (147,442.50)
MARCH (181,208.05) (30,097.33) (211,305.38)
-----------------------------------------------
TOTAL ($373,804.12) ($95,986.14) ($469,790.26)
===============================================
INDIRECT EXPENSES SHARED ON
COST RATIO
JANUARY $66,194.55 $9,482.31 $75,676.86
FEBRUARY 57,923.19 11,880.61 69,803.80
MARCH 61,776.86 12,118.90 73,895.76
-----------------------------------------------
TOTAL $185,894.60 $33,481.82 $219,376.42
===============================================
TOTAL EXPENDITURES
JANUARY $292,899.77 $15,207.39 $308,107.16
FEBRUARY 322,582.37 79,788.17 402,370.54
MARCH 211,605.64 29,457.32 241,062.96
-----------------------------------------------
TOTAL $827,087.78 $124,452.88 $951,540.66
===============================================
C. COMPUTATION OF COST RATIO SWEPCO PSO TOTAL
JANUARY 1997
DIRECT LABOR $42,637.26 $6,107.17 $48,744.43
COST RATIO 87.47% 12.53% 100.00%
FEBRUARY 1997
DIRECT LABOR $55,138.87 $11,312.73 $66,451.60
COST RATIO 82.98% 17.02% 100.00%
MARCH 1997
DIRECT LABOR $51,079.53 $10,018.37 $61,097.90
COST RATIO 83.60% 16.40% 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 6th day of May, 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 January 1997 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 February 1997 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 March 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
JANUARY 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 375 PSO 37
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
<S> <C> <C> <C>
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $256,689.36
PR4018 Stores Salvage - SWEPCO (162,456.02)
PR4101 Direct Labor to SWEPCO Coal Cars 21,117.51
PR4104 Direct Labor to Rework SWEPCO Material 21,519.75
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 9,944.05
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,310.88
PR4238 Depreciation Expense - SWEPCO 10,721.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 55,820.63
PR4272 Switching Fees - SWEPCO 10,038.06
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $226,705.22
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $38,038.89
PR4015 Inventory Carrying Charges - PSO 2,832.79
PR4019 Stores Salvage - PSO (64,665.58)
PR4102 Direct Labor to PSO Coal Cars 1,784.18
PR4103 Direct Labor to Rework PSO Material 4,322.99
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 1,428.73
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 475.69
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 19,151.35
PR4273 Switching Fees - PSO 993.24
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $4,362.28
==============
</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 $2,240.72
PR4011 Small Tools 947.38
PR4012 Facility Maintenance - Material 1,052.26
PR4013 Sale of Scrap (Cr.) (8,540.00)
PR4016 Switch Engine Operation and Maintenance 1,446.86
PR4017 Equipment Operation and Maintenance 6,195.23
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,024.03
PR4111 Clerical 3,774.87
PR4112 Training and Safety 1,829.16
PR4113 General Shop Labor 4,119.90
PR4114 Facility Maintenance - Labor 5,884.60
PR4116 Switch Engine Operation and Maintenance 13,216.55
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 621.61
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 2,381.35
PR4212 Employee Fringe Benefits 10,033.07
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 1,841.00
PR4226 Office Supplies and Expenses 1,170.26
PR4232 Payroll Taxes (FICA & UC) - Other 3,277.00
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 12,777.28
PR4235 Utilities - Telephone 598.23
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} -
-------------- --------------- --------------
SWEPCO 87.47% PSO 12.53% $75,676.86 $66,194.55 $9,482.31
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,362.80
--------------
TOTAL COSTS FOR THE MONTH $292,899.77 $15,207.39
=============== ==============
</TABLE>
<PAGE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $42,637.26 87.47% SWEPCO
102, 103 Direct Labor PSO 6,107.17 12.53 PSO
------------- --------
Total Direct Labor $48,744.43 100.00%
============= ========
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 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 280 PSO 149
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
<S> <C> <C> <C>
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $329,494.98
PR4018 Stores Salvage - SWEPCO (205,630.27)
PR4101 Direct Labor to SWEPCO Coal Cars 32,752.22
PR4104 Direct Labor to Rework SWEPCO Material 22,386.65
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 12,867.77
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,310.88
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 66,528.95
PR4272 Switching Fees - SWEPCO 2,948.00
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $264,659.18
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $84,062.66
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO (39,598.09)
PR4102 Direct Labor to PSO Coal Cars 8,021.63
PR4103 Direct Labor to Rework PSO Material 3,291.10
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,676.72
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 475.69
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,462.91
PR4273 Switching Fees - PSO 663.80
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $66,056.42
==============
</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 $5,322.59
PR4011 Small Tools 310.29
PR4012 Facility Maintenance - Material 885.74
PR4013 Sale of Scrap (Cr.) (8,061.11)
PR4016 Switch Engine Operation and Maintenance 1,731.21
PR4017 Equipment Operation and Maintenance 2,338.13
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,507.61
PR4111 Clerical 4,289.25
PR4112 Training and Safety 714.84
PR4113 General Shop Labor 3,626.72
PR4114 Facility Maintenance - Labor 5,618.86
PR4116 Switch Engine Operation and Maintenance 13,391.37
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 647.31
PR4210 Employee Activities 80.00
PR4211 Employee Expenses 1,033.70
PR4212 Employee Fringe Benefits 9,440.33
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 1,552.56
PR4226 Office Supplies and Expenses 369.63
PR4232 Payroll Taxes (FICA & UC) - Other 4,461.20
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 8,940.10
PR4235 Utilities - Telephone 807.00
PR4236 Vehicle Expense 10.97
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 82.98% PSO 17.02% $69,803.80 $57,923.19 $11,880.61
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,851.14
--------------
TOTAL COSTS FOR THE MONTH $322,582.37 $79,788.17
=============== ==============
</TABLE>
<PAGE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $55,138.87 82.98% SWEPCO
102, 103 Direct Labor PSO 11,312.73 17.02 PSO
------------- --------
Total Direct Labor $66,451.60 100.00%
============= ========
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
MARCH 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 412 PSO 186
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
<S> <C> <C> <C>
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $279,957.30
PR4018 Stores Salvage - SWEPCO (202,047.48)
PR4101 Direct Labor to SWEPCO Coal Cars 33,682.69
PR4104 Direct Labor to Rework SWEPCO Material 17,396.84
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 12,177.78
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,310.88
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 2,427.77
PR4272 Switching Fees - SWEPCO 2,923.00
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $149,828.78
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $37,417.38
PR4015 Inventory Carrying Charges - PSO 0.00
PR4019 Stores Salvage - PSO (33,759.84)
PR4102 Direct Labor to PSO Coal Cars 8,482.68
PR4103 Direct Labor to Rework PSO Material 1,535.69
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,388.50
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 475.69
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars (2,657.19)
PR4273 Switching Fees - PSO 1,671.80
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $15,554.71
==============
</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 $4,787.71
PR4011 Small Tools 252.80
PR4012 Facility Maintenance - Material 2,533.92
PR4013 Sale of Scrap (Cr.) (1,347.36)
PR4016 Switch Engine Operation and Maintenance 2,663.90
PR4017 Equipment Operation and Maintenance 1,642.92
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,964.66
PR4111 Clerical 4,122.90
PR4112 Training and Safety 2,302.66
PR4113 General Shop Labor 3,203.76
PR4114 Facility Maintenance - Labor 5,703.05
PR4116 Switch Engine Operation and Maintenance 10,316.56
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 659.59
PR4210 Employee Activities 64.56
PR4211 Employee Expenses 4,738.50
PR4212 Employee Fringe Benefits 9,112.59
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 2,105.00
PR4226 Office Supplies and Expenses 1,120.74
PR4232 Payroll Taxes (FICA & UC) - Other 4,037.64
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 2,433.87
PR4235 Utilities - Telephone 509.17
PR4236 Vehicle Expense 0.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 181.12
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 83.60% PSO 16.40% $73,895.76 $61,776.86 $12,118.90
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,783.71
--------------
TOTAL COSTS FOR THE MONTH $211,605.64 $29,457.32
=============== ==============
</TABLE>
<PAGE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $51,079.53 83.60% SWEPCO
102, 103 Direct Labor PSO 10,018.37 16.40 PSO
------------- --------
Total Direct Labor $61,097.90 100.00%
============= ========
