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, 1997 TO
December 31, 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 October 1,
1997 through December 31, 1997.
<PAGE>
FOURTH QUARTER 1997
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO CPL TOTAL
OCTOBER 344 100 444
NOVEMBER 281 214 164 659
DECEMBER 143 194 337
TOTAL 768 508 164 1,440
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO PSO CPL TOTAL
DIRECT LABOR
OCTOBER $40,489.96 $10,869.62 $51,359.58
NOVEMBER 57,525.21 14,391.21 4,150.38 76,066.80
DECEMBER 19,247.29 22,173.53 41,420.82
TOTAL $117,262.46 $47,434.36 $4,150.38 $168,847.20
DIRECT MATERIAL
OCTOBER $161,875.60 $32,756.51 $194,632.11
NOVEMBER 220,261.41 58,087.36 278,348.77
DECEMBER 101,919.57 132,917.88 234,837.45
TOTAL $484,056.58 $223,761.75 $0.00 $707,818.33
OTHER DIRECT EXPENSES
OCTOBER ($6,283.80) $16,344.58 $10,060.78
NOVEMBER (544.77) 31,566.82 1,108.26 32,130.31
DECEMBER (18,971.38) (3,726.08) 2,017.03 (20,680.43)
TOTAL ($25,799.95) $44,185.32 $3,125.29 $21,510.66
INDIRECT EXPENSES SHARED ON
COST RATIO
OCTOBER $28,948.87 $7,769.63 $36,718.50
NOVEMBER 67,371.34 16,854.43 4,860.77 89,086.54
DECEMBER 35,192.49 40,542.94 75,735.43
TOTAL $131,512.70 $65,167.00 $4,860.77 $201,540.47
TOTAL EXPENDITURES
OCTOBER $225,030.63 $67,740.34 $292,770.97
NOVEMBER 344,613.19 120,899.82 10,119.41 475,632.42
DECEMBER 137,387.97 191,908.27 2,017.03 331,313.27
TOTAL $707,031.79 $380,548.43 $12,136.44 $1,099,716.66
C. COMPUTATION OF COST RATIO SWEPCO PSO CPL TOTAL
OCTOBER 1997
DIRECT LABOR $40,489.96 $10,869.62 $0.00 $51,359.58
COST RATIO 78.84% 21.16% 0.00% 100.0%
NOVEMBER 1997
DIRECT LABOR $57,525.21 $14,391.21 $4,150.38 $76,066.80
COST RATIO 75.62% 18.92% 5.46% 100.0%
DECEMBER 1997
DIRECT LABOR $19,247.29 $22,173.53 $0.00 $41,420.82
COST RATIO 46.47% 53.53% 0.00% 100.0%
<PAGE>
D. COPIES OF MONTHLY REPORTS
Copies of the monthly statements furnished by SWEPCO to PSO and CPL detailing
charges associated with PSO and CPL 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 30th day of January, 1998.
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 October 1997 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
2 November 1997 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
3 December 1997 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL'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 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 344 PSO 100
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $161,875.60
PR4018 Stores Salvage - SWEPCO (31,140.06)
PR4101 Direct Labor to SWEPCO Coal Cars 29,426.64
PR4104 Direct Labor to Rework SWEPCO Material 11,063.32
PR4202 Ad Valorem Taxes - SWEPCO Coal Cars 0.00
PR4204 Ad Valorem Taxes - Facility - Direct - SWEPCO (2,803.12)
PR4213 Employee Fringe Benefits - Direct Labor - SWEPCO 7,586.12
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 3,206.62
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 15,495.57
PR4272 Switching Fees - SWEPCO 1,371.07
PR4277 Repainting Coal Cars - SWEPCO 0.00
-------------
Total 100% SWEPCO Costs $196,081.76
=============
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $32,756.51
PR4015 Inventory Carrying Charges - PSO 3,055.68
PR4019 Stores Salvage - PSO 329.48
PR4102 Direct Labor to PSO Coal Cars 7,201.85
PR4103 Direct Labor to Rework PSO Material 3,667.77
PR4205 Ad Valorem Taxes - Facility - Direct - PSO (1,684.27)
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,036.54
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 860.82
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,825.63
PR4273 Switching Fees - PSO 2,619.28
PR4278 Repainting Coal Cars - PSO 0.00
-------------
Total 100% PSO Costs $57,669.29
=============
<PAGE>
Exhibit 1
Page 2 of 3
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $2,206.98
PR4011 Small Tools 322.47
PR4012 Facility Maintenance - Material 7,579.54
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 3,067.20
PR4017 Equipment Operation and Maintenance 2,409.61
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 10,198.47
PR4111 Clerical 3,898.34
PR4112 Training and Safety 758.68
PR4113 General Shop Labor 6,155.45
PR4114 Facility Maintenance - Labor 8,657.74
PR4116 Switch Engine Operation and Maintenance 9,019.17
PR4201 Ad Valorem Taxes - Facility (51,525.99)
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 699.89
PR4210 Employee Activities 139.10
PR4211 Employee Expenses 2,432.75
PR4212 Employee Fringe Benefits 8,406.53
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 2,947.68
PR4226 Office Supplies and Expenses 3,608.38
PR4232 Payroll Taxes (FICA & UC) - Other 3,068.90
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 10,694.92
PR4235 Utilities - Telephone 1,167.04
PR4236 Vehicle Expense 20.15
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} - $36,718.50
SWEPCO 78.84% $28,948.87
-------------
PSO 21.16% $7,769.63
-------------
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 2,301.42
-------------
TOTAL COSTS FOR THE MONTH
SWEPCO $225,030.63
=============
PSO $67,740.34
=============
<PAGE>
Exhibit 1
Page 3 of 3
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $40,489.96 78.84% SWEPCO
102, 103 Direct Labor PSO 10,869.62 21.16 PSO
------------- --------
Total Direct Labor $51,359.58 100.00%
============= ========
CENTRAL AND SOUTH WEST SERVICES, INC Exhibit 2
P.O. BOX 21928 TULSA, OKLAHOMA Page 1 of 4
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
NOVEMBER 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 281 PSO 214 CPL 164
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $220,261.41
PR4018 Stores Salvage - SWEPCO (23,450.69)
PR4101 Direct Labor to SWEPCO Coal Cars 42,048.28
PR4104 Direct Labor to Rework SWEPCO Material 15,476.93
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 10,756.68
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 4,547.06
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 7,602.18
PR4272 Switching Fees - SWEPCO 0.00
PR4277 Repainting Coal Cars - SWEPCO 0.00
-------------
Total 100% SWEPCO Costs $277,241.85
=============
COSTS ASSIGNED 100% TO CPL: CPL
PR 4003 Direct Material to CPL Coal Cars 0.00
PR 4014 Inventory Carrying Charges - CPL 0.00
PR4021 Stores Salvage - CPL 0.00
PR4105 Direct Labor to CPL Coal Cars 4,150.38
PR4106 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 778.97
PR4218 Payroll taxes (FICA & UC) - Direct Labor - CPlL 329.29
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 0.00
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
-------------
Total 100% CPL Costs $5,258.64
=============
<PAGE>
Exhibit 2
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $58,087.36
PR4015 Inventory Carrying Charges - PSO 3,101.29
PR4019 Stores Salvage - PSO 17,539.44
PR4102 Direct Labor to PSO Coal Cars 11,400.68
PR4103 Direct Labor to Rework PSO Material 2,990.53
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,693.79
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,138.70
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,500.17
PR4273 Switching Fees - PSO 0.00
PR4278 Repainting Coal Cars - PSO 0.00
-------------
Total 100% PSO Costs $103,451.96
=============
<PAGE>
Exhibit 2
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $4,377.85
PR4011 Small Tools 301.52
PR4012 Facility Maintenance - Material 1,917.17
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 152.43
PR4017 Equipment Operation and Maintenance 4,087.19
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 14,997.10
PR4111 Clerical 5,495.79
PR4112 Training and Safety 592.49
PR4113 General Shop Labor 12,848.67
PR4114 Facility Maintenance - Labor 13,067.24
PR4116 Switch Engine Operation and Maintenance 8,472.97
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 666.24
PR4210 Employee Activities 140.00
PR4211 Employee Expenses 3,134.17
PR4212 Employee Fringe Benefits 10,001.32
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 211.10
PR4225 Maintenance of Facilities (Contracted) 1,464.96
PR4226 Office Supplies and Expenses 565.54
PR4232 Payroll Taxes (FICA & UC) - Other 4,401.70
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 1,428.66
PR4235 Utilities - Telephone 188.03
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} -
-------------
$89,086.54
SWEPCO 75.62% $67,371.34
-------------
CPL 5.46% $4,860.77
-------------
PSO 18.92% $16,854.43
-------------
<PAGE>
Exhibit 2
Page 4 of 4
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 593.43
-------------
TOTAL COSTS FOR THE MONTH
SWEPCO $344,613.19
=============
CPL $10,119.41
=============
PSO $120,899.82
=============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $57,525.21 75.62% SWEPCO
102, 103 Direct Labor CPL $4,150.38 18.92 CPL
102, 103 Direct Labor PSO 14,391.21 5.46 PSO
------------- --------
Total Direct Labor $76,066.80 100.00%
============= ========
CENTRAL AND SOUTH WEST SERVICES, INC Exhibit 3
P.O. BOX 21928 TULSA, OKLAHOMA Page 1 of 4
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
DECEMBER 1997
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 143 PSO 194 CPL 0
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $101,919.57
PR4018 Stores Salvage - SWEPCO (53,462.61)
PR4101 Direct Labor to SWEPCO Coal Cars 14,750.40
PR4104 Direct Labor to Rework SWEPCO Material 4,496.89
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 3,304.80
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 1,523.52
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 27,513.29
PR4272 Switching Fees - SWEPCO 0.00
PR4277 Repainting Coal Cars - SWEPCO 2,149.62
-------------
Total 100% SWEPCO Costs $102,195.48
=============
COSTS ASSIGNED 100% TO CPL: CPL
PR 4003 Direct Material to CPL Coal Cars 0.00
PR 4014 Inventory Carrying Charges - CPL 2,017.03
PR4021 Stores Salvage - CPL 0.00
PR4105 Direct Labor to CPL Coal Cars 0.00
PR4106 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 0.00
PR4218 Payroll taxes (FICA & UC) - Direct Labor - CPL 0.00
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 0.00
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
-------------
Total 100% CPL Costs $2,017.03
=============
<PAGE>
Exhibit 3
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $132,917.88
PR4015 Inventory Carrying Charges - PSO 1,113.15
PR4019 Stores Salvage - PSO (19,986.75)
PR4102 Direct Labor to PSO Coal Cars 17,627.70
PR4103 Direct Labor to Rework PSO Material 4,545.83
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 4,152.13
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,755.20
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 0.00
PR4273 Switching Fees - PSO 3,417.87
PR4278 Repainting Coal Cars - PSO 0.00
-------------
Total 100% PSO Costs $145,543.01
=============
<PAGE>
Exhibit 3
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $10,640.73
PR4011 Small Tools 1,521.60
PR4012 Facility Maintenance - Material 1,080.95
PR4013 Sale of Scrap (Cr.) (1,404.00)
PR4016 Switch Engine Operation and Maintenance 139.65
PR4017 Equipment Operation and Maintenance 3,527.74
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 8,628.48
PR4111 Clerical 3,288.03
PR4112 Training and Safety 94.77
PR4113 General Shop Labor 5,500.34
PR4114 Facility Maintenance - Labor 5,018.25
PR4116 Switch Engine Operation and Maintenance 5,428.06
PR4201 Ad Valorem Taxes - Facility 0.00
PR4203 Taxes - Other 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 629.63
PR4210 Employee Activities 922.76
PR4211 Employee Expenses 7,681.76
PR4212 Employee Fringe Benefits 6,427.12
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 544.98
PR4225 Maintenance of Facilities (Contracted) 3,895.00
PR4226 Office Supplies and Expenses 815.90
PR4232 Payroll Taxes (FICA & UC) - Other 2,205.80
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 7,155.28
PR4235 Utilities - Telephone 732.09
PR4236 Vehicle Expense 24.10
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 662.00
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} - $75,735.42
-------------
SWEPCO 46.47% $35,192.49
-------------
CPL 0.00% $0.00
-------------
PSO 53.53% $40,542.94
-------------
<PAGE>
Exhibit 3
Page 4 of 4
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 5,822.32
-------------
TOTAL COSTS FOR THE MONTH
SWEPCO $137,387.97
=============
CPL $2,017.03
=============
PSO $191,908.27
=============
C. COMPUTATION OF COST RATIO:
101, 104
Direct Labor SWEPCO $19,247.29 46.47% SWEPCO
102, 103
Direct Labor CPL $0.00 0.00 CPL
102, 103
Direct Labor PSO 22,173.53 53.53 PSO
------------- --------
Total Direct Labor 41,420.82 100.00%
============= ========
