UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
File No. 70-5741
REPORT FOR PERIOD July 1, 1999 to September 30,1999 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 July 1,
1999 through September 30, 1999.
<PAGE>
3rd QUARTER 1999
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO CPL PSO TOTAL
JULY 104 0 464 568
AUGUST 401 0 170 571
SEPTEMBER 392 119 0 511
-------------------------------------------------------
TOTAL 897 119 634 1,650
=======================================================
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO CPL PSO TOTAL
DIRECT LABOR -
JULY $32,196.84 $0.00 $18,116.66 $50,313.50
AUGUST 18,501.31 - 29,483.99 47,985.30
SEPTEMBER 36,039.47 4,967.39 2,411.54 43,418.40
-------------------------------------------------------
TOTAL $86,737.62 $4,967.39 $50,012.19 $141,717.20
=======================================================
DIRECT MATERIAL -
JULY $143,686.54 $0.00 $143,861.25 $287,547.79
AUGUST 104,698.66 - 112,561.15 217,259.81
SEPTEMBER 154,547.28 26,702.66 - 181,249.94
-------------------------------------------------------
TOTAL $402,932.48 $26,702.66 $256,422.40 $686,057.54
=======================================================
OTHER DIRECT EXPENSES -
JULY ($7,621.11) $2,444.72 $37,496.35 $32,319.96
AUGUST (100,738.27) 3,605.29 (68,727.15) (165,860.13)
SEPTEMBER (10,031.23) (2,747.88) (27,509.06) (40,288.17)
-------------------------------------------------------
TOTAL ($118,390.61) $3,302.13 ($58,739.86) ($173,828.34)
=======================================================
INDIRECT EXPENSES SHARED ON
COST RATIO
JULY $49,784.54 $0.00 $28,015.96 $77,800.50
AUGUST 30,438.52 - 48,499.54 78,938.06
SEPTEMBER 74,420.56 10,256.25 4,975.71 89,652.52
-------------------------------------------------------
TOTAL $154,643.62 $10,256.25 $81,491.21 $246,391.08
=======================================================
TOTAL EXPENDITURES
JULY $218,046.81 $2,444.72 $227,490.22 $447,981.75
AUGUST 52,900.22 3,605.29 121,817.53 178,323.04
SEPTEMBER 254,976.08 39,178.42 (20,121.81) 274,032.69
-------------------------------------------------------
TOTAL $525,923.11 $45,228.43 $329,185.94 $900,337.48
=======================================================
C. COMPUTATION OF
COST RATIO SWEPCO CPL PSO TOTAL
JULY 1999
DIRECT LABOR $32,196.84 $0.00 $18,116.66 $50,313.50
COST RATIO 63.99% 00.00% 36.01% 100.00%
AUGUST 1999
DIRECT LABOR 18,501.31 - 29,483.99 $47,985.30
COST RATIO 38.56% 00.00% 61.44% 100.00%
SEPTEMBER 1999
DIRECT LABOR 36,039.47 4,967.39 2,411.54 $43,418.40
COST RATIO 83.01% 11.44% 5.55% 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 5th day of November, 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 July 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
2 August 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
3 September 1999 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 4
TELEPHONE NUMBER (918) 594 - 2000
STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY
AT ALLIANCE, NEBRASKA PER SWEPCO - PSO AGREEMENT
JULY 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 104 PSO 464 CPL 0
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $143,686.54
PR4018 Stores Salvage - SWEPCO (62,091.11)
PR4101 Direct Labor to SWEPCO Coal Cars 21,186.82
PR4101 Charges Other than Direct Labor 28.63
PR4104 Direct Labor to Rework SWEPCO Material 11,010.02
PR4104 Charges other than Direct Labor 8.21
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 6,016.61
PR4230 Payroll Taxes - Direct Labor - SWEPCO 3,076.87
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 27,391.12
PR4272 Switching Fees - SWEPCO 7,344.56
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $168,262.27
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars 0.00
PR4014 Inventory Carrying Charges - CPL 1,178.69
PR4021 Stores Salvage - CPL (912.27)
PR4105 Direct Labor to CPL Coal Cars 0.00
PR4105 Charges Other thanDirect Labor 0.00
PR4106 Direct Labor to Rework CPL Material. 0.00
PR4106 Charges Other than Direct Labor 0.00
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 0.00
PR4218 Payroll taxes - Direct Labor - CPL 0.00
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 1,950.04
PR4274 Switching Fees - CPL 228.26
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $2,444.72
==============
<PAGE>
Exhibit 1
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $143,861.25
PR4015 Inventory Carrying Charges - PSO 1,835.18
PR4019 Stores Salvage - PSO 13,590.49
PR4102 Direct Labor to PSO Coal Cars 16,455.30
PR4102 Charges Other than Direct Labor 3.88
PR4103 Direct Labor to Rework PSO Material 1,661.36
PR4103 Charges Other than Direct Labor 0.85
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 3,385.47
PR4231 Payroll Taxes - Direct Labor - PSO 1,731.33
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 16,319.22
PR4273 Switching Fees - PSO 629.93
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $199,474.26
==============
<PAGE>
Exhibit 1
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $8,880.80
PR4011 Small Tools 1,947.40
PR4012 Facility Maintenance - Material 1,032.32
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,263.37
PR4017 Equipment Operation and Maintenance 4,809.46
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 12,850.51
PR4111 Clerical 3,704.42
PR4112 Training and Safety 170.60
PR4113 General Shop Labor 3,441.89
PR4114 Facility Maintenance - Labor 7,454.29
PR4116 Switch Engine Operation and Maintenance 7,259.25
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 0.00
PR4212 Employee Fringe Benefits 10,095.53
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 1,817.66
PR4225 Maintenance of Facilities (Contracted) 2,634.38
PR4226 Office Supplies and Expenses 943.85
PR4232 Payroll Taxes - Other 3,334.22
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 4,286.77
PR4235 Utilities - Telephone 676.65
PR4236 Vehicle Expense 39.68
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} - $77,800.50
--------------
SWEPCO 63.99% $49,784.54
--------------
CPL 0.00% $0.00
--------------
PSO 36.01% $28,015.96
--------------
<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 $218,046.81
==============
CPL $2,444.72
==============
PSO $227,490.22
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $32,196.84 63.99 % SWEPCO
105, 106 Direct Labor CPL 0.00 0.00 % CPL
102, 103 Direct Labor PSO 18,116.66 36.01 % PSO
------------ --------
Total Direct Labor $50,313.50 100.00 %
============ ========
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
AUGUST 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 401 PSO 170 CPL 0
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $104,698.66
PR4018 Stores Salvage - SWEPCO (146,097.29)
PR4101 Direct Labor to SWEPCO Coal Cars 14,208.43
PR4101 Charges Other than Direct Labor 10.75
PR4104 Direct Labor to Rework SWEPCO Material 4,292.88
PR4104 Charges Other than Direct Labor 5.66
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 4,247.87
PR4230 Payroll Taxes - Direct Labor - SWEPCO 1,565.56
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 26,771.16
PR4272 Switching Fees - SWEPCO 2,154.02
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $22,461.70
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $0.00
PR4014 Inventory Carrying Charges - CPL 1,286.12
PR4021 Stores Salvage - CPL 0.00
PR4105 Direct Labor to CPL Coal Cars 0.00
PR4105 Charges Other than Direct Labor 0.00
PR4106 Direct Labor to Rework CPL Material 0.00
PR4106 Charges Other than Direct Labor 0.00
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 0.00
PR4218 Payroll taxes - Direct Labor - CPL 0.00
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 2,319.17
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $3,605.29
==============
<PAGE>
Exhibit 2
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $112,561.15
PR4015 Inventory Carrying Charges - PSO 2,002.44
PR4019 Stores Salvage - PSO (89,020.97)
PR4102 Direct Labor to PSO Coal Cars 22,465.23
PR4102 Charges Other than Direct Labor 8.29
PR4103 Direct Labor to Rework PSO Material 7,018.76
PR4103 Charges Other than Direct Labor 0.83
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 6,830.03
PR4231 Payroll Taxes - Direct Labor - PSO 2,492.03
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 6,057.22
PR4273 Switching Fees - PSO 2,902.98
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $73,317.99
==============
<PAGE>
Exhibit 2
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $8,181.34
PR4011 Small Tools 67.76
PR4012 Facility Maintenance - Material 1,736.36
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 189.01
PR4017 Equipment Operation and Maintenance 4,128.53
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 13,241.43
PR4111 Clerical 4,327.29
PR4112 Training and Safety 774.96
PR4113 General Shop Labor 3,596.10
PR4114 Facility Maintenance - Labor 6,724.07
PR4116 Switch Engine Operation and Maintenance 8,738.47
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 2,206.45
PR4212 Employee Fringe Benefits 11,584.96
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) 1,975.00
PR4226 Office Supplies and Expenses 543.76
PR4232 Payroll Taxes - Other 3,161.76
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 4,612.57
PR4235 Utilities - Telephone 733.45
PR4236 Vehicle Expense 24.15
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} - $78,938.06
--------------
SWEPCO 38.56% $30,438.52
--------------
CPL 0.00% $0.00
--------------
PSO 61.44% $48,499.54
--------------
<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 $52,900.22
==============
CPL $3,605.29
==============
PSO $121,817.53
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $18,501.31 38.56 % SWEPCO
105, 106 Direct Labor CPL 0.00 0.00 CPL
102, 103 Direct Labor PSO 29,483.99 61.44 PSO
------------- -------
Total Direct Labor $47,985.30 100.00 %
============= =======
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
SEPTEMBER 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 392 PSO 0 CPL 119
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $154,547.28
PR4018 Stores Salvage - SWEPCO (60,517.87)
PR4101 Direct Labor to SWEPCO Coal Cars 25,782.98
PR4101 Charges Other than Direct Labor 5.04
PR4104 Direct Labor to Rework SWEPCO Material 10,256.49
PR4104 Charges Other than Direct Labor 1.55
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 8,348.61
PR4230 Payroll Taxes - Direct Labor - SWEPCO 3,046.12
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 23,169.22
PR4272 Switching Fees - SWEPCO 5,312.10
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $180,555.52
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $26,702.66
PR4014 Inventory Carrying Charges - CPL 1,534.96
PR4021 Stores Salvage - CPL (5,938.31)
PR4105 Direct Labor to CPL Coal Cars 4,609.69
PR4105 Charges Other than Direct Labor 0.00
PR4106 Direct Labor to Rework CPL Material 357.70
PR4106 Charges Other than Direct Labor 0.00
PR4216 Ad Valorem Taxes - Facility- Direct- CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 1,150.71
PR4218 Payroll taxes - Direct Labor - CPL 419.86
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 84.90
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $28,922.17
==============
<PAGE>
Exhibit 3
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $0.00
PR4015 Inventory Carrying Charges - PSO 2,389.87
PR4019 Stores Salvage - PSO (36,197.76)
PR4102 Direct Labor to PSO Coal Cars 0.00
PR4102 Charges Other than Direct Labor 8.01
PR4103 Direct Labor to Rework PSO Material 2,411.54
PR4103 Charges Other than Direct Labor 2.63
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 558.63
PR4231 Payroll Taxes - Direct Labor - PSO 203.85
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 5,525.71
PR4273 Switching Fees - PSO 0.00
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs ($25,097.52)
==============
<PAGE>
Exhibit 3
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $4,307.74
PR4011 Small Tools 57.20
PR4012 Facility Maintenance - Material 2,873.58
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 604.84
PR4017 Equipment Operation and Maintenance 7,693.46
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 12,225.24
PR4111 Clerical 4,274.84
PR4112 Training and Safety 442.97
PR4113 General Shop Labor 5,329.74
PR4114 Facility Maintenance - Labor 12,472.05
PR4116 Switch Engine Operation and Maintenance 7,109.30
PR4201 Ad Valorem Taxes - Facility 0.00
PR4601 Sale of Crops (1,404.00)
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 1,215.70
PR4211 Employee Expenses 712.00
PR4212 Employee Fringe Benefits 10,159.32
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 2,816.23
PR4225 Maintenance of Facilities (Contracted) 2,410.42
PR4226 Office Supplies and Expenses 1,857.57
PR4232 Payroll Taxes - Other 3,537.26
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 9,101.36
PR4235 Utilities - Telephone 637.27
PR4236 Vehicle Expense 60.98
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} - $89,652.52
--------------
SWEPCO 83.01% $74,420.56
--------------
CPL 11.44% $10,256.25
--------------
PSO 5.55% $4,975.71
--------------
<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 $254,976.08
==============
CPL $39,178.42
==============
PSO ($20,121.81)
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $36,039.47 83.01 % SWEPCO
105, 106 Direct Labor CPL 4,967.39 11.44 % CPL
102, 103 Direct Labor PSO 2,411.54 5.55 % PSO
------------- --------
Total Direct Labor $43,418.40 100.00 %
============= ========
