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 October 1, 1996 TO
December 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 October 1, 1996 through December
31, 1996.
FORTH QUARTER 1996
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO TOTAL
OCTOBER 468 234 702
NOVEMBER 368 167 535
DECEMBER 215 109 324
-----------------------------------------
TOTAL 1,051 510 1,561
=========================================
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO PSO TOTAL
------ --- -----
DIRECT LABOR -
OCTOBER $ 54,624 $ 6,145 $ 60,769
NOVEMBER 79,351 10,570 89,921
DECEMBER 22,895 6,022 28,917
----------------------------------------
TOTAL $156,870 $22,737 $179,607
========================================
DIRECT MATERIAL -
OCTOBER $336,737 $336,737 $336,737
NOVEMBER 189,508 87,399 276,907
DECEMBER 264,134 59,248 323,382
----------------------------------------
TOTAL $790,379 $483,384 $1,273,763
========================================
OTHER DIRECT EXPENSES -
OCTOBER ($28,454) $ 388 ($28,066)
NOVEMBER 26,710 11,943 38,653
DECEMBER (72,535) (3,994) (76,529)
----------------------------------------
TOTAL (74,279) $ 8,337 ($65,942)
========================================
INDIRECT EXPENSES SHARED ON
COST RATIO
OCTOBER ($27,491) ($3,092) ($30,583)
NOVEMBER 86,912 11,572 98,484
DECEMBER 40,092 10,549 50,641
----------------------------------------
TOTAL $99,513 $19,029 $118,542
========================================
TOTAL EXPENDITURES
OCTOBER $335,416 $340,178 $675,594
NOVEMBER 382,481 121,484 503,965
DECEMBER 254,586 71,825 326,411
----------------------------------------
TOTAL $972,483 $533,487 $1,505,970
========================================
C. COMPUTATION OF COST RATIO SWEPCO PSO TOTAL
OCTOBER 1996
DIRECT LABOR $54,624 $6,145 $60,769
COST RATIO 77.22% 22.78% 100.00%
NOVEMBER 1996
DIRECT LABOR $79,351 $10,570 $89,921
COST RATIO 71.23% 28.77% 100.00%
DECEMBER 1996
DIRECT LABOR $22,895 $6,022 $28,917
COST RATIO 60.14% 39.86% 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 12th day of February, 1997.
SOUTHWESTERN ELECTRIC POWER COMPANY
By /S/ R. RUSSELL DAVIS
R. Russell Davis
Controller and Chief Accounting Officer
INDEX TO EXHIBITS
Exhibit Transmission
NUMBER EXHIBIT METHOD
1 October 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
2 November 1996 statement furnished by SWEPCO to Electronic
PSO detailing PSO's rail car charges
3 December 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
OCTOBER 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 468 PSO 234
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $336,736.91
PR4018 Stores Salvage - SWEPCO (84,834.88)
PR4101 Direct Labor to SWEPCO Coal Cars 37,309.21
PR4104 Direct Labor to Rework SWEPCO Material 17,314.91
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 12,796.36
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 4,260.63
PR4238 Depreciation Expense - SWEPCO 10,724.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 23,299.76
PR4272 Switching Fees - SWEPCO 5,131.79
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $362,906.69
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $98,335.90
PR4015 Inventory Carrying Charges - PSO 2,946.61
PR4019 Stores Salvage - PSO (13,978.76)
PR4102 Direct Labor to PSO Coal Cars 5,074.94
PR4103 Direct Labor to Rework PSO Material 1,070.04
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 1,439.63
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 479.24
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 8,095.60
PR4273 Switching Fees - PSO 1,305.12
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $104,869.32
==============
</TABLE>
Exhibit 1
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C> <C>
PR4010 Shop Material $4,922.76
PR4011 Small Tools 28.91
PR4012 Facility Maintenance - Material 2,063.90
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,560.72
PR4017 Equipment Operation and Maintenance 2,384.69
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 9,199.43
PR4111 Clerical 3,913.20
PR4112 Training and Safety 337.20
PR4113 General Shop Labor 3,886.45
PR4114 Facility Maintenance - Labor 11,833.00
PR4116 Switch Engine Operation and Maintenance 7,848.65
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other (119,551.65)
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,226.93
PR4210 Employee Activities 1,357.08
PR4211 Employee Expenses 7,713.96
PR4212 Employee Fringe Benefits 10,830.95
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 239.50
PR4225 Maintenance of Facilities (Contracted) 2,690.00
PR4226 Office Supplies and Expenses 985.42
PR4232 Payroll Taxes (FICA & UC) - Other 2,901.24
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 8,627.50
PR4235 Utilities - Telephone 447.28
PR4236 Vehicle Expense 210.56
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 97.79
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 89.89% PSO 10.11% ($30,583.13) ($27,491.18) ($3,091.95)
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,099.59
--------------
TOTAL COSTS FOR THE MONTH $335,415.51 $102,876.96
=============== ==============
</TABLE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $54,624.12 89.89% SWEPCO
102, 103 Direct Labor PSO 6,144.98 10.11% PSO
------------- --------
Total Direct Labor $60,769.10 100.00%
============= ========
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
NOVEMBER 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> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $189,508.57
PR4018 Stores Salvage - SWEPCO (53,710.38)
PR4101 Direct Labor to SWEPCO Coal Cars 50,141.20
PR4104 Direct Labor to Rework SWEPCO Material 29,209.86
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 18,589.00
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 6,189.51
PR4238 Depreciation Expense - SWEPCO 10,724.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 42,365.48
PR4272 Switching Fees - SWEPCO 2,384.08
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $295,569.32
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $87,398.75
PR4015 Inventory Carrying Charges - PSO 2,620.59
PR4019 Stores Salvage - PSO (21,701.84)
PR4102 Direct Labor to PSO Coal Cars 8,636.66
PR4103 Direct Labor to Rework PSO Material 1,933.12
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,476.14
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 824.39
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 26,304.68
PR4273 Switching Fees - PSO 1,317.76
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $109,911.25
==============
</TABLE>
Exhibit 2
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C> <C>
PR4010 Shop Material $6,008.18
PR4011 Small Tools 211.09
PR4012 Facility Maintenance - Material 457.01
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 90.83
PR4017 Equipment Operation and Maintenance 2,255.65
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 15,298.26
PR4111 Clerical 6,074.33
PR4112 Training and Safety 0.00
PR4113 General Shop Labor 6,502.19
PR4114 Facility Maintenance - Labor 14,354.76
PR4116 Switch Engine Operation and Maintenance 13,422.47
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other 1,234.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 1,040.96
PR4210 Employee Activities 182.94
PR4211 Employee Expenses 3,778.08
PR4212 Employee Fringe Benefits 13,508.26
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 239.50
PR4225 Maintenance of Facilities (Contracted) 2,899.82
PR4226 Office Supplies and Expenses 347.13
PR4232 Payroll Taxes (FICA & UC) - Other 4,344.29
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 1,842.04
PR4235 Utilities - Telephone 605.64
PR4236 Vehicle Expense 0.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 125.00
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 88.25% PSO 11.75% $98,483.83 $86,911.98 $11,571.85
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 1,277.96
--------------
TOTAL COSTS FOR THE MONTH $382,481.30 $122,761.06
=============== ==============
</TABLE>
Exhibit 2
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $79,351.06 88.25% SWEPCO
102, 103 Direct Labor PSO 10,569.78 11.75% PSO
------------- --------
Total Direct Labor $89,920.84 100.00%
============= ========
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
DECEMBER 1996
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 215 PSO 109
<TABLE>
<CAPTION>
B. AMOUNT OF EXPENDITURES: SHARED SWEPCO PSO
COSTS ASSIGNED 100% TO SWEPCO:
<S> <C> <C> <C> <C>
PR4001 Direct Material to SWEPCO Coal Cars $264,133.60
PR4018 Stores Salvage - SWEPCO (96,677.08)
PR4101 Direct Labor to SWEPCO Coal Cars 15,444.01
PR4104 Direct Labor to Rework SWEPCO Material 7,450.75
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 8,031.81
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 2,674.32
PR4238 Depreciation Expense - SWEPCO 10,721.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 0.00
PR4272 Switching Fees - SWEPCO 2,547.14
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $214,493.55
===============
COSTS ASSIGNED 100% TO PSO:
PR4002 Direct Material to PSO Coal Cars $59,248.46
PR4015 Inventory Carrying Charges - PSO 2,542.25
PR4019 Stores Salvage - PSO (12,563.64)
PR4102 Direct Labor to PSO Coal Cars 4,502.97
PR4103 Direct Labor to Rework PSO Material 1,519.64
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 101.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 1,710.96
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 569.75
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 2,657.19
PR4273 Switching Fees - PSO 988.32
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $61,276.90
==============
</TABLE>
Exhibit 3
Page 2 of 3
<TABLE>
<CAPTION>
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED SWEPCO PSO
<S> <C> <C> <C> <C>
PR4010 Shop Material $6,194.28
PR4011 Small Tools 936.84
PR4012 Facility Maintenance - Material 1,153.13
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,473.74
PR4017 Equipment Operation and Maintenance 4,367.45
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 4,957.19
PR4111 Clerical 2,480.48
PR4112 Training and Safety 1,432.86
PR4113 General Shop Labor 4,939.69
PR4114 Facility Maintenance - Labor 2,787.94
PR4116 Switch Engine Operation and Maintenance 5,410.99
PR4201 Ad Valorem Taxes - Facility 3,087.00
PR4203 Taxes - Other (1,234.00)
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 754.75
PR4210 Employee Activities 925.13
PR4211 Employee Expenses (10,024.14)
PR4212 Employee Fringe Benefits 7,292.61
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property (139.70)
PR4225 Maintenance of Facilities (Contracted) 2,105.00
PR4226 Office Supplies and Expenses 678.11
PR4232 Payroll Taxes (FICA & UC) - Other 2,298.39
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 6,852.52
PR4235 Utilities - Telephone 918.52
PR4236 Vehicle Expense 23.83
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 394.00
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 79.17% PSO 20.83% $50,641.01 $40,092.49 $10,548.52
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 2,265.52
--------------
TOTAL COSTS FOR THE MONTH $254,586.04 $74,090.94
=============== ==============
</TABLE>
Exhibit 3
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $22,894.76 79.17% SWEPCO
102, 103 Direct Labor PSO 6,022.61 20.83% PSO
------------- --------
Total Direct Labor $28,917.37 100.00%
============= ========
