UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
File No. 70-5741
REPORT FOR PERIOD
October 1, 1999 to December 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 October 1,
1999 through December 31, 1999.
<PAGE>
4th QUARTER 1999
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO CPL PSO TOTAL
OCTOBER 447 116 1 564
NOVEMBER 315 117 65 497
DECEMBER 188 117 150 455
-------------------------------------------------------
TOTAL 950 350 216 1,516
=======================================================
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO CPL PSO TOTAL
DIRECT LABOR -
OCTOBER $65,226.65 $8,675.96 $654.61 $74,557.22
NOVEMBER 36,401.97 8,037.68 518.76 44,958.41
DECEMBER 17,045.33 8,960.19 24,275.00 50,280.52
-------------------------------------------------------
TOTAL $118,673.95 $25,673.83 $25,448.37 $169,796.15
=======================================================
DIRECT MATERIAL -
OCTOBER $219,935.84 $6.48 $12.14 $219,954.46
NOVEMBER 137,320.72 58,652.41 - 195,973.13
DECEMBER 47,913.59 34,315.46 129,490.55 211,719.60
-------------------------------------------------------
TOTAL $405,170.15 $92,974.35 $129,502.69 $627,647.19
=======================================================
OTHER DIRECT EXPENSES -
OCTOBER ($13,353.60) $2,617.88 $27,775.72 $17,040.00
NOVEMBER 6,766.31 (13,533.41) 36,469.98 29,702.88
DECEMBER (14,804.29) (20,838.41) 27,512.17 (8,130.53)
-------------------------------------------------------
TOTAL ($21,391.58) ($31,753.94) $91,757.87 $38,612.35
=======================================================
INDIRECT EXPENSES SHARED ON
COST RATIO
OCTOBER $96,002.33 $12,769.95 $963.48 $109,735.76
NOVEMBER 59,144.70 13,059.34 842.97 73,047.01
DECEMBER 29,499.98 15,507.07 42,013.54 87,020.59
-------------------------------------------------------
TOTAL $184,647.01 $41,336.36 $43,819.99 $269,803.36
=======================================================
TOTAL EXPENDITURES
OCTOBER $367,811.22 $24,070.27 $29,405.95 $421,287.44
NOVEMBER 239,633.70 66,216.02 37,831.71 343,681.43
DECEMBER 79,654.61 37,944.31 223,291.26 340,890.18
-------------------------------------------------------
TOTAL $687,099.53 $128,230.60 $290,528.92 $1,105,859.05
=======================================================
C. COMPUTATION OF
COST RATIO SWEPCO CPL PSO TOTAL
OCTOBER 1999
DIRECT LABOR $65,226.65 $8,675.96 $654.61 $74,557.22
COST RATIO 87.48% 11.64% 00.88% 100.00%
NOVEMBER 1999
DIRECT LABOR $36,401.97 $8,037.68 $518.76 $44,958.41
COST RATIO 80.97% 17.88% 1.15% 100.00%
DECEMBER 1999
DIRECT LABOR $17,045.33 $8,960.19 $24,275.00 $50,280.52
COST RATIO 33.90% 17.82% 48.28% 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 7th day of February, 2000.
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 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
2 November 1999 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
3 December 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 - CPL - PSO AGREEMENT
October 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 447 PSO 1 CPL 116
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $219,935.84
PR4018 Stores Salvage - SWEPCO (44,590.87)
PR4101 Direct Labor to SWEPCO Coal Cars 50,495.83
PR4101 Charges Other than Direct Labor 7.30
PR4104 Direct Labor to Rework SWEPCO Material 14,730.82
PR4104 Charges other than Direct Labor 3.00
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 15,109.89
PR4230 Payroll Taxes - Direct Labor - SWEPCO 5,513.08
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 0.00
PR4272 Switching Fees - SWEPCO 0.00
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $271,808.89
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars 6.48
PR4014 Inventory Carrying Charges - CPL 1,577.45
PR4021 Stores Salvage - CPL (2,957.76)
PR4105 Direct Labor to CPL Coal Cars 7,756.05
PR4105 Charges Other thanDirect Labor 1.30
PR4106 Direct Labor to Rework CPL Material. 919.91
PR4106 Charges Other than Direct Labor 0.11
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 2,009.81
PR4218 Payroll taxes - Direct Labor - CPL 733.31
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 1,253.66
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $11,300.32
==============
<PAGE>
Exhibit 1
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $12.14
PR4015 Inventory Carrying Charges - PSO 2,456.03
PR4019 Stores Salvage - PSO 25,112.03
PR4102 Direct Labor to PSO Coal Cars 212.46
PR4102 Charges Other than Direct Labor 0.00
PR4103 Direct Labor to Rework PSO Material 442.15
PR4103 Charges Other than Direct Labor 0.71
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 151.63
PR4231 Payroll Taxes - Direct Labor - PSO 55.32
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 0.00
PR4273 Switching Fees - PSO 0.00
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $28,442.47
==============
<PAGE>
Exhibit 1
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $3,557.18
PR4011 Small Tools 181.84
PR4012 Facility Maintenance - Material 1,175.11
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 1,102.13
PR4017 Equipment Operation and Maintenance 1,720.50
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 18,939.31
PR4111 Clerical 7,084.63
PR4112 Training and Safety 5,327.70
PR4113 General Shop Labor 9,278.29
PR4114 Facility Maintenance - Labor 10,502.82
PR4116 Switch Engine Operation and Maintenance 12,579.64
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 97.40
PR4211 Employee Expenses 986.20
PR4212 Employee Fringe Benefits 14,902.65
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) 2,339.74
PR4226 Office Supplies and Expenses 5,235.80
PR4232 Payroll Taxes - Other 5,385.91
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 4,523.67
PR4235 Utilities - Telephone 684.44
PR4236 Vehicle Expense 27.12
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 130.00
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} - $109,735.76
--------------
SWEPCO 87.48% $96,002.33
--------------
CPL 11.64% $12,769.95
--------------
PSO 0.88% $963.48
--------------
<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 $367,811.22
==============
CPL $24,070.27
==============
PSO $29,405.95
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $65,226.65 87.48 % SWEPCO
105, 106 Direct Labor CPL 8,675.96 11.64 % CPL
102, 103 Direct Labor PSO 654.61 0.88 % PSO
------------ -------
Total Direct Labor $74,557.22 100.00 %
============ =======
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 - CPL - PSO AGREEMENT
NOVEMBER 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 315 PSO 65 CPL 117
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $137,320.72
PR4018 Stores Salvage - SWEPCO (29,691.72)
PR4101 Direct Labor to SWEPCO Coal Cars 27,695.61
PR4101 Charges Other than Direct Labor 15.71
PR4104 Direct Labor to Rework SWEPCO Material 8,706.36
PR4104 Charges Other than Direct Labor 4.73
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 5,229.33
PR4230 Payroll Taxes - Direct Labor - SWEPCO 2,294.82
PR4238 Depreciation Expense - SWEPCO 10,604.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 15,087.92
PR4272 Switching Fees - SWEPCO 3,221.52
PR4277 Repainting Coal Cars - SWEPCO 0.00
-------------
Total 100% SWEPCO Costs $180,489.00
=============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $58,652.41
PR4014 Inventory Carrying Charges - CPL 1,614.91
PR4021 Stores Salvage - CPL (20,815.52)
PR4105 Direct Labor to CPL Coal Cars 6,804.96
PR4105 Charges Other than Direct Labor 2.39
PR4106 Direct Labor to Rework CPL Material 1,232.72
PR4106 Charges Other than Direct Labor 0.30
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 1,154.67
PR4218 Payroll taxes - Direct Labor - CPL 506.71
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 2,930.13
PR4274 Switching Fees - CPL 1,073.00
PR4279 Repainting Coal Cars - CPL 0.00
-------------
Total 100% CPL Costs $53,156.68
=============
<PAGE>
Exhibit 2
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $0.00
PR4015 Inventory Carrying Charges - PSO 2,514.35
PR4019 Stores Salvage - PSO 24,082.25
PR4102 Direct Labor to PSO Coal Cars 0.00
PR4102 Charges Other than Direct Labor 0.07
PR4103 Direct Labor to Rework PSO Material 518.76
PR4103 Charges Other than Direct Labor 0.14
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 74.52
PR4231 Payroll Taxes - Direct Labor - PSO 32.70
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 9,460.48
PR4273 Switching Fees - PSO 305.47
PR4278 Repainting Coal Cars - PSO 0.00
-------------
Total 100% PSO Costs $36,988.74
=============
<PAGE>
Exhibit 2
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $4,436.50
PR4011 Small Tools 162.50
PR4012 Facility Maintenance - Material 1,422.74
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 834.56
PR4017 Equipment Operation and Maintenance 5,619.47
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,642.98
PR4111 Clerical 4,248.89
PR4112 Training and Safety 6,740.13
PR4113 General Shop Labor 3,732.70
PR4114 Facility Maintenance - Labor 6,372.98
PR4116 Switch Engine Operation and Maintenance 8,803.44
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 332.37
PR4212 Employee Fringe Benefits 7,752.76
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 2,724.78
PR4225 Maintenance of Facilities (Contracted) 2,055.00
PR4226 Office Supplies and Expenses 567.52
PR4232 Payroll Taxes - Other 2,621.65
PR4233 Special Services 50.00
PR4234 Utilities - Heat, Light, Power and Water 793.25
PR4235 Utilities - Telephone 656.34
PR4236 Vehicle Expense 319.00
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} - $73,047.01
-------------
SWEPCO 80.97% $59,144.70
-------------
CPL 17.88% $13,059.34
-------------
PSO 1.15% $842.97
-------------
<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 $239,633.70
=============
CPL $66,216.02
=============
PSO $37,831.71
=============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $36,401.97 80.97 % SWEPCO
105, 106 Direct Labor CPL 8,037.68 17.88 CPL
102, 103 Direct Labor PSO 518.76 1.15 PSO
------------ --------
Total Direct Labor $44,958.41 100.00 %
============ ========
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 - CPL - PSO AGREEMENT
DECEMBER 1999
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 188 PSO 150 CPL 117
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $47,913.59
PR4018 Stores Salvage - SWEPCO (37,429.48)
PR4101 Direct Labor to SWEPCO Coal Cars 8,300.34
PR4101 Charges Other than Direct Labor 9.70
PR4104 Direct Labor to Rework SWEPCO Material 8,744.99
PR4104 Charges Other than Direct Labor 3.08
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 2,448.62
PR4230 Payroll Taxes - Direct Labor - SWEPCO 1,074.56
PR4238 Depreciation Expense - SWEPCO 7,896.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 10,512.11
PR4272 Switching Fees - SWEPCO 681.12
PR4277 Repainting Coal Cars - SWEPCO 0.00
--------------
Total 100% SWEPCO Costs $50,154.63
==============
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $34,315.46
PR4014 Inventory Carrying Charges - CPL 1,695.79
PR4021 Stores Salvage - CPL (27,953.07)
PR4105 Direct Labor to CPL Coal Cars 8,596.51
PR4105 Charges Other than Direct Labor 2.39
PR4106 Direct Labor to Rework CPL Material 363.68
PR4106 Charges Other than Direct Labor 0.44
PR4216 Ad Valorem Taxes - Facility- Direct- CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 1,287.16
PR4218 Payroll taxes - Direct Labor - CPL 564.87
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 2,491.01
PR4274 Switching Fees - CPL 1,073.00
PR4279 Repainting Coal Cars - CPL 0.00
--------------
Total 100% CPL Costs $22,437.24
==============
<PAGE>
Exhibit 3
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $129,490.55
PR4015 Inventory Carrying Charges - PSO 2,640.28
PR4019 Stores Salvage - PSO 10,783.96
PR4102 Direct Labor to PSO Coal Cars 21,021.41
PR4102 Charges Other than Direct Labor 0.00
PR4103 Direct Labor to Rework PSO Material 3,253.59
PR4103 Charges Other than Direct Labor 0.19
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 3,487.21
PR4231 Payroll Taxes - Direct Labor - PSO 1,530.33
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 8,764.73
PR4273 Switching Fees - PSO 305.47
PR4278 Repainting Coal Cars - PSO 0.00
--------------
Total 100% PSO Costs $181,277.72
==============
<PAGE>
Exhibit 3
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $9,589.11
PR4011 Small Tools 242.11
PR4012 Facility Maintenance - Material 511.80
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 914.43
PR4017 Equipment Operation and Maintenance 2,118.97
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 13,525.54
PR4111 Clerical 4,767.19
PR4112 Training and Safety 2,186.38
PR4113 General Shop Labor 3,545.51
PR4114 Facility Maintenance - Labor 8,347.74
PR4116 Switch Engine Operation and Maintenance 8,786.57
PR4201 Ad Valorem Taxes - Facility 0.00
PR4601 Sale of Crops 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 1,155.48
PR4211 Employee Expenses 2,831.09
PR4212 Employee Fringe Benefits 5,903.07
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 2,724.78
PR4225 Maintenance of Facilities (Contracted) 2,055.00
PR4226 Office Supplies and Expenses 1,052.02
PR4232 Payroll Taxes - Other 2,594.46
PR4233 Special Services 975.00
PR4234 Utilities - Heat, Light, Power and Water 10,787.45
PR4235 Utilities - Telephone 649.56
PR4236 Vehicle Expense 104.88
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 495.00
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} - $87,020.59
--------------
SWEPCO 33.90% $29,499.98
--------------
CPL 17.82% $15,507.07
--------------
PSO 48.28% $42,013.54
--------------
<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 $79,654.61
==============
CPL $37,944.31
==============
PSO $223,291.26
==============
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $17,045.33 33.90 % SWEPCO
105, 106 Direct Labor CPL 8,960.19 17.82 % CPL
102, 103 Direct Labor PSO 24,275.00 48.28 % PSO
------------ -------
Total Direct Labor $50,280.52 100.00 %
============ =======
