UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
File No. 70-5741
REPORT FOR PERIOD January 1, 1999 to March 31,1999 PURSUANT TO RULE 24
In the Matter of
SOUTHWESTERN ELECTRIC POWER COMPANY
Shreveport, Louisiana 71156
PUBLIC SERVICE COMPANY OF OKLAHOMA
Tulsa, Oklahoma 74102
CENTRAL POWER AND LIGHT COMPANY
Corpus Christi, Texas 78401
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 January 1,
1999 through March 31, 1999.
<PAGE>
1st QUARTER 1999
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO CPL TOTAL
------ --- --- -----
JANUARY 215 118 357 690
FEBRUARY 66 347 110 523
MARCH 329 267 8 604
----------------------------------------------------
TOTAL 610 732 475 1,817
====================================================
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO PSO CPL TOTAL
DIRECT LABOR - ------ --- --- -----
JANUARY $14,422.95 $7,287.52 $17,858.61 $39,569.08
FEBRUARY 21,774.21 19,372.80 7,071.74 48,218.75
MARCH 10,795.10 35,482.43 1,894.50 48,172.03
----------------------------------------------------
TOTAL $46,992.26 $62,142.75 $26,824.85 $135,959.86
====================================================
DIRECT MATERIAL -
JANUARY $37,813.24 $0.00 $31,291.61 $69,104.85
FEBRUARY 102,935.63 159,668.23 9,992.50 272,596.36
MARCH 60,760.13 170,137.94 1,815.16 232,713.23
----------------------------------------------------
TOTAL $201,509.00 $329,806.17 $43,099.27 $574,414.44
====================================================
OTHER DIRECT EXPENSES -
JANUARY $25,918.68 $27,933.12 $9,622.94 $63,474.74
FEBRUARY (52,766.55) 25,642.83 7,767.34 (19,356.38)
MARCH 44,159.96 (4,726.56) 2,572.49 42,005.89
----------------------------------------------------
TOTAL $17,312.09 $48,849.39 $19,962.77 $86,124.25
====================================================
INDIRECT EXPENSES SHARED ON
COST RATIO
JANUARY $30,059.98 $15,190.81 $37,218.30 $82,469.09
FEBRUARY 36,202.49 32,202.26 11,760.20 80,164.95
MARCH 19,784.20 65,029.18 3,469.52 88,282.90
----------------------------------------------------
TOTAL $86,046.67 $112,422.25 $52,448.02 $250,916.94
====================================================
TOTAL EXPENDITURES
JANUARY $108,214.85 $50,411.45 $95,991.46 $254,617.76
FEBRUARY 108,145.78 236,886.12 36,591.78 381,623.68
MARCH 135,499.39 265,922.99 9,751.67 411,174.05
----------------------------------------------------
TOTAL $351,860.02 $553,220.56 $142,334.91 $1,047,415.49
====================================================
C. COMPUTATION OF COST RATIO SWEPCO PSO CPL TOTAL
JANUARY 1999 ------ --- --- -----
DIRECT LABOR $14,422.95 $7,287.52 $17,858.61 $39,569.08
COST RATIO 36.45% 18.42% 45.13% 100.00%
FEBRUARY 1999
DIRECT LABOR $21,774.21 $19,372.80 $7,071.74 $48,218.75
COST RATIO 45.16% 40.18% 14.67% 100.00%
MARCH 1999
DIRECT LABOR $10,795.10 $35,482.43 $1,894.50 $48,172.03
COST RATIO 22.41% 73.66% 03.93% 100.00%
<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 4th day of May, 1999.
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 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
2 February 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
3 March 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
Page 1 of 4
CENTRAL AND SOUTH WEST SERVICES, INC
P.O. BOX 21928 TULSA, OKLAHOMA
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
JANUARY 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 215 PSO 118 CPL 357
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $37,813.24
PR4018 Stores Salvage - SWEPCO (18,051.17)
PR4101 Direct Labor to SWEPCO Coal Cars 11,085.68
PR4104 Direct Labor to Rework SWEPCO Material 3,337.27
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 1,961.35
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 587.02
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 27,040.07
PR4272 Switching Fees - SWEPCO 3,777.41
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $78,154.87
===============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars 31,291.61
PR4014 Inventory Carrying Charges - CPL 1,412.64
PR4021 Stores Salvage - CPL 0.00
PR4105 Direct Labor to CPL Coal Cars 17,783.74
PR4106 Direct Labor to Rework CPL Material. 74.87
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 2,434.20
PR4218 Payroll taxes (FICA & UC) - Direct Labor - CPL 753.35
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 1,408.21
PR4274 Switching Fees - CPL 3,614.54
PR4279 Repainting Coal Cars - CPL 0.00
---------------
Total 100% CPL Costs $58,773.16
===============
<PAGE>
Exhibit 1
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $0.00
PR4015 Inventory Carrying Charges - PSO 2,199.43
PR4019 Stores Salvage - PSO 1,895.19
PR4102 Direct Labor to PSO Coal Cars 7,100.06
PR4103 Direct Labor to Rework PSO Material 187.46
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 993.27
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 307.41
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 18,095.30
PR4273 Switching Fees - PSO 4,442.52
PR4278 Repainting Coal Cars - PSO 0.00
---------------
Total 100% PSO Costs $35,220.64
===============
<PAGE>
Exhibit 1
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $5,230.91
PR4011 Small Tools 522.57
PR4012 Facility Maintenance - Material 551.20
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,589.45
PR4017 Equipment Operation and Maintenance 5,319.98
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 12,369.73
PR4111 Clerical 3,699.90
PR4112 Training and Safety 2,847.24
PR4113 General Shop Labor 3,268.13
PR4114 Facility Maintenance - Labor 4,969.90
PR4116 Switch Engine Operation and Maintenance 10,781.84
PR4201 Ad Valorem Taxes - Facility 0.00
PR4520 Land Cr. 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 687.40
PR4211 Employee Expenses 662.71
PR4212 Employee Fringe Benefits 7,516.45
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 1,233.19
PR4225 Maintenance of Facilities (Contracted) 2,302.89
PR4226 Office Supplies and Expenses 2,208.33
PR4232 Payroll Taxes (FICA & UC) - Other 1,621.71
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 13,201.58
PR4235 Utilities - Telephone 597.54
PR4236 Vehicle Expense 3.99
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} - $82,469.09
---------------
SWEPCO 36.45% $30,059.98
---------------
CPL 45.13% $37,218.30
---------------
PSO 18.42% $15,190.81
---------------
<PAGE>
Exhibit 1
Page 4 of 4
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 0.00
---------------
TOTAL COSTS FOR THE MONTH
SWEPCO $108,214.85
===============
CPL $95,991.46
===============
PSO $50,411.45
===============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $14,422.95 36.45 % SWEPCO
105, 106 Direct Labor CPL 17,858.61 45.13 % CPL
102, 103 Direct Labor PSO 7,287.52 18.42 % PSO
------------- --------
Total Direct Labor $39,569.08 100.00 %
============= ========
Exhibit 2
Page 1 of 4
CENTRAL AND SOUTH WEST SERVICES, INC
P.O. BOX 21928 TULSA, OKLAHOMA
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
FEBRUARY 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 66 PSO 347 CPL 110
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $102,935.63
PR4018 Stores Salvage - SWEPCO (93,226.65)
PR4101 Direct Labor to SWEPCO Coal Cars 17,738.17
PR4104 Direct Labor to Rework SWEPCO Material 4,036.04
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 3,305.93
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 1,650.13
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 23,786.08
PR4272 Switching Fees - SWEPCO 1,113.96
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $71,943.29
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $9,992.50
PR4014 Inventory Carrying Charges - CPL 1,410.10
PR4021 Stores Salvage - CPL (1,467.35)
PR4105 Direct Labor to CPL Coal Cars 7,071.68
PR4106 Direct Labor to Rework CPL Material 0.06
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 1,047.71
PR4218 Payroll taxes (FICA & UC) - Direct Labor - CPL 536.93
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 2,016.29
PR4274 Switching Fees - CPL 4,223.66
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $24,831.58
==============
<PAGE>
Exhibit 2
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $159,668.23
PR4015 Inventory Carrying Charges - PSO 2,195.48
PR4019 Stores Salvage - PSO 1,363.08
PR4102 Direct Labor to PSO Coal Cars 14,343.61
PR4103 Direct Labor to Rework PSO Material 5,029.19
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 2,942.06
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 1,468.51
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 15,096.39
PR4273 Switching Fees - PSO 2,577.31
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $204,683.86
==============
<PAGE>
Exhibit 2
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $7,380.32
PR4011 Small Tools 2,156.36
PR4012 Facility Maintenance - Material 1,991.58
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 879.41
PR4017 Equipment Operation and Maintenance 3,240.58
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 13,278.98
PR4111 Clerical 4,580.89
PR4112 Training and Safety 1,277.84
PR4113 General Shop Labor 3,762.59
PR4114 Facility Maintenance - Labor 6,721.01
PR4116 Switch Engine Operation and Maintenance 9,302.96
PR4201 Ad Valorem Taxes - Facility 0.00
PR4520 Land Cr. 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 861.69
PR4212 Employee Fringe Benefits 6,414.16
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 1,233.19
PR4225 Maintenance of Facilities (Contracted) 2,055.00
PR4226 Office Supplies and Expenses 1,334.69
PR4232 Payroll Taxes (FICA & UC) - Other 2,952.09
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 9,031.91
PR4235 Utilities - Telephone 522.25
PR4236 Vehicle Expense 0.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 30.00
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} - $80,164.95
--------------
SWEPCO 45.16% $36,202.49
--------------
CPL 14.67% $11,760.20
--------------
PSO 40.17% $32,202.26
--------------
<PAGE>
Exhibit 2
Page 4 of 4
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 0.00
--------------
TOTAL COSTS FOR THE MONTH
SWEPCO $108,145.78
==============
CPL $36,591.78
==============
PSO $236,886.12
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $21,774.21 45.16 % SWEPCO
105, 106 Direct Labor CPL 7,071.74 14.67 CPL
102, 103 Direct Labor PSO 19,372.80 40.17 PSO
------------ --------
Total Direct Labor $48,218.75 100.00 %
============ ========
Exhibit 3
Page 1 of 4
CENTRAL AND SOUTH WEST SERVICES, INC
P.O. BOX 21928 TULSA, OKLAHOMA
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
MARCH 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 329 PSO 267 CPL 8
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $60,760.13
PR4018 Stores Salvage - SWEPCO 1,384.37
PR4101 Direct Labor to SWEPCO Coal Cars 7,175.52
PR4104 Direct Labor to Rework SWEPCO Material 3,619.58
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 1,634.63
PR4230 Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO 815.91
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 37,476.43
PR4272 Switching Fees - SWEPCO 2,848.62
PR4277 Repainting Coal Cars - SWEPCO 0.00
---------------
Total 100% SWEPCO Costs $115,715.19
===============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $1,815.16
PR4014 Inventory Carrying Charges - CPL 1,266.76
PR4021 Stores Salvage - CPL (1,335.42)
PR4105 Direct Labor to CPL Coal Cars 1,858.33
PR4106 Direct Labor toRework CPL Material 36.17
PR4216 Ad Valorem Taxes - Facility- Direct- CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 286.09
PR4218 Payroll taxes (FICA & UC) - Direct Labor - CPL 142.81
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 2,212.25
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
---------------
Total 100% CPL Costs $6,282.15
===============
<PAGE>
Exhibit 3
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $170,137.94
PR4015 Inventory Carrying Charges - PSO 1,972.29
PR4019 Stores Salvage - PSO (25,388.38)
PR4102 Direct Labor to PSO Coal Cars 28,341.59
PR4103 Direct Labor to Rework PSO Material 7,140.84
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 5,385.54
PR4231 Payroll Taxes (FICA & UC) - Direct Labor - PSO 2,688.15
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,481.42
PR4273 Switching Fees - PSO 4,134.42
PR4278 Repainting Coal Cars - PSO 0.00
---------------
Total 100% PSO Costs $200,893.81
===============
<PAGE>
Exhibit 3
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $9,091.06
PR4011 Small Tools 881.98
PR4012 Facility Maintenance - Material 951.71
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 947.52
PR4017 Equipment Operation and Maintenance 3,553.39
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,016.02
PR4111 Clerical 4,135.92
PR4112 Training and Safety 2,405.39
PR4113 General Shop Labor 3,153.72
PR4114 Facility Maintenance - Labor 7,095.64
PR4116 Switch Engine Operation and Maintenance 8,707.59
PR4201 Ad Valorem Taxes - Facility 0.00
PR4520 Land Cr. 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 0.00
PR4211 Employee Expenses 3,723.03
PR4212 Employee Fringe Benefits 5,748.89
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 1,233.19
PR4225 Maintenance of Facilities (Contracted) 2,360.51
PR4226 Office Supplies and Expenses 520.79
PR4232 Payroll Taxes (FICA & UC) - Other 2,765.32
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 7,221.26
PR4235 Utilities - Telephone 784.12
PR4236 Vehicle Expense 10,604.00
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 224.40
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} - $88,282.90
---------------
SWEPCO 22.41% $19,784.20
---------------
CPL 3.93% $3,469.52
---------------
PSO 73.66% $65,029.18
---------------
<PAGE>
Exhibit 3
Page 4 of 4
Capital Recovery on Capital Expenditures not
Covered Under Lease Agreement {Cost Ratio} 0.00
---------------
TOTAL COSTS FOR THE MONTH
SWEPCO $135,499.39
===============
CPL $9,751.67
===============
PSO $265,922.99
===============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $10,795.10 22.41 % SWEPCO
105, 106 Direct Labor CPL 1,894.50 3.93 % CPL
102, 103 Direct Labor PSO 35,482.43 73.66 % PSO
------------ --------
Total Direct Labor $48,172.03 100.00 %
============ ========
