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, 2000 to March 31,2000
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,
2000 through March 31, 2000.
<PAGE>
1st QUARTER 2000
SWEPCO RAIL CAR MAINTENANCE FACILITY
RULE 24 REPORT
A. NUMBER OF RAIL CARS SERVICED
SWEPCO PSO CPL TOTAL
JANUARY 77 185 0 262
FEBRUARY 19 195 118 332
MARCH 347 121 0 468
-----------------------------------------------------
TOTAL 443 501 118 1,062
=====================================================
B. AMOUNT OF EXPENDITURES
DETAIL SWEPCO PSO CPL TOTAL
------ --- --- -----
DIRECT LABOR -
JANUARY $19,938.57 $23,971.65 $137.38 $44,047.60
FEBRUARY 14,982.59 33,851.97 - 48,834.56
MARCH 19,485.51 22,408.91 9,502.74 51,397.16
-----------------------------------------------------
TOTAL $54,406.67 $80,232.53 $9,640.12 $144,279.32
=====================================================
DIRECT MATERIAL -
JANUARY $65,612.42 $138,212.80 $0.00 $203,825.22
FEBRUARY 6,430.16 135,255.55 - 141,685.71
MARCH 127,975.46 141,287.92 16,014.19 285,277.57
-----------------------------------------------------
TOTAL $200,018.04 $414,756.27 $16,014.19 $630,788.50
=====================================================
OTHER DIRECT EXPENSES -
JANUARY ($36,970.30) ($33,798.09) ($1,607.16) ($72,375.55)
FEBRUARY 35,155.21 14,410.23 1,783.12 51,348.56
MARCH 13,369.10 (93,545.09) 3,339.70 (76,836.29)
-----------------------------------------------------
TOTAL $11,554.01 ($112,932.95) $3,515.66 ($97,863.28)
=====================================================
INDIRECT EXPENSES SHARED ON
COST RATIO
JANUARY $30,527.58 $36,697.83 $209.05 $67,434.46
FEBRUARY 26,528.47 59,939.83 - 86,468.30
MARCH 39,246.44 45,137.03 19,141.83 103,525.30
-----------------------------------------------------
TOTAL $96,302.49 $141,774.69 $19,350.88 $257,428.06
=====================================================
TOTAL EXPENDITURES
JANUARY $79,108.27 $165,084.19 ($1,260.73) $242,931.73
FEBRUARY 83,096.43 243,457.58 1,783.12 328,337.13
MARCH 200,076.51 115,288.77 47,998.46 363,363.74
-----------------------------------------------------
TOTAL $362,281.21 $523,830.54 $48,520.85 $934,632.60
=====================================================
C. COMPUTATION OF COST RATIO SWEPCO PSO CPL TOTAL
JANUARY 2000
DIRECT LABOR $19,938.57 $23,971.65 $137.38 $44,047.60
COST RATIO 45.27% 54.42% 00.31% 100.00%
FEBRUARY 2000
DIRECT LABOR $14,982.59 $33,851.97 $0.00 $48,834.56
COST RATIO 30.68% 69.32% 00.00% 100.00%
MARCH 2000
DIRECT LABOR $19,485.51 $22,408.91 $9,502.74 $51,397.16
COST RATIO 37.91% 43.60% 18.49% 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, 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 January 2000 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
2 February 2000 statement furnished by SWEPCO to Electronic
PSO and CPL detailing PSO and CPL's rail
car charges
3 March 2000 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
JANUARY 2000
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 77 PSO 185 CPL 0
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $ 65,612.42
PR4018 Stores Salvage - SWEPCO (64,856.23)
PR4101 Direct Labor to SWEPCO Coal Cars 16,086.33
PR4101 Charges Other than Direct Labor 3.10
PR4104 Direct Labor to Rework SWEPCO Material 3,852.24
PR4104 Charges Other than Direct Labor 3.36
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 3,375.67
PR4230 Payroll Taxes - Direct Labor - SWEPCO 1,494.51
PR4238 Depreciation Expense - SWEPCO 7,896.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 11,667.25
PR4272 Switching Fees - SWEPCO 3,446.04
PR4277 Repainting Coal Cars - SWEPCO 0.00
-----------
Total 100% SWEPCO Costs $ 48,580.69
===========
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $ 0.00
PR4014 Inventory Carrying Charges - CPL 1,785.15
PR4021 Stores Salvage - CPL (5,125.84)
PR4105 Direct Labor to CPL Coal Cars 0.00
PR4105 Charges Other than Direct Labor 3.21
PR4106 Direct Labor to Rework CPL Material 137.38
PR4106 Charges Other than Direct Labor 0.13
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 23.27
PR4218 Payroll taxes - Direct Labor - CPL 10.30
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 1,696.62
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
-----------
Total 100% CPL Costs ($ 1,469.78)
===========
<PAGE>
Exhibit 1
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $138,212.80
PR4015 Inventory Carrying Charges - PSO 2,779.41
PR4019 Stores Salvage - PSO (47,132.96)
PR4102 Direct Labor to PSO Coal Cars 17,599.22
PR4102 Charges Other than Direct Labor 7.96
PR4103 Direct Labor to Rework PSO Material 6,372.43
PR4103 Charges Other than Direct Labor 1.25
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 4,058.53
PR4231 Payroll Taxes - Direct Labor - PSO 1,796.83
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 4,690.89
PR4273 Switching Fees - PSO 0.00
PR4278 Repainting Coal Cars - PSO 0.00
-----------
Total 100% PSO Costs $128,386.36
===========
<PAGE>
Exhibit 1
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $ 4,127.83
PR4011 Small Tools 468.58
PR4012 Facility Maintenance - Material 4,571.58
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 925.34
PR4017 Equipment Operation and Maintenance 1,893.83
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 12,413.49
PR4111 Clerical 3,473.62
PR4112 Training and Safety 482.80
PR4113 General Shop Labor 3,890.50
PR4114 Facility Maintenance - Labor 6,094.17
PR4116 Switch Engine Operation and Maintenance 6,492.17
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 871.69
PR4211 Employee Expenses 744.41
PR4212 Employee Fringe Benefits 5,904.19
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 3,672.33
PR4225 Maintenance of Facilities (Contracted) 2,350.14
PR4226 Office Supplies and Expenses 1,570.00
PR4232 Payroll Taxes - Other 2,461.00
PR4233 Special Services 25.00
PR4234 Utilities - Heat, Light, Power and Water 2,595.02
PR4235 Utilities - Telephone 862.08
PR4236 Vehicle Expense 57.24
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 330.00
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} - $ 67,434.46
-----------
SWEPCO 45.27% $30,527.58
-----------
CPL 0.31% $209.05
-----------
PSO 54.42% $36,697.83
-----------
<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 $79,108.27
===========
CPL ($1,260.73)
===========
PSO $165,084.19
===========
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $19,938.57 45.27 % SWEPCO
105, 106 Direct Labor CPL 137.38 0.31 CPL
102, 103 Direct Labor PSO 23,971.65 54.42 PSO
---------- ------
Total Direct Labor $44,047.60 100.00%
========== ======
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
FEBRUARY 2000
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 19 PSO 195 CPL 118
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $ 6,430.16
PR4018 Stores Salvage - SWEPCO (3,240.94)
PR4101 Direct Labor to SWEPCO Coal Cars 10,962.01
PR4101 Charges Other than Direct Labor 6.09
PR4104 Direct Labor to Rework SWEPCO Material 4,020.58
PR4104 Charges Other than Direct Labor 1.49
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 2,536.63
PR4230 Payroll Taxes - Direct Labor - SWEPCO 1,123.05
PR4238 Depreciation Expense - SWEPCO 7,896.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 23,631.23
PR4272 Switching Fees - SWEPCO 3,201.66
PR4277 Repainting Coal Cars - SWEPCO 0.00
-----------
Total 100% SWEPCO Costs $ 56,567.96
===========
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $ 0.00
PR4014 Inventory Carrying Charges - CPL 1,757.83
PR4021 Stores Salvage - CPL 0.00
PR4105 Direct Labor to CPL Coal Cars 0.00
PR4105 Charges Other than Direct Labor 0.05
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 25.24
PR4274 Switching Fees - CPL 0.00
PR4279 Repainting Coal Cars - CPL 0.00
-----------
Total 100% CPL Costs $ 1,783.12
===========
<PAGE>
Exhibit 2
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $135,255.55
PR4015 Inventory Carrying Charges - PSO 2,736.87
PR4019 Stores Salvage - PSO (4,508.20)
PR4102 Direct Labor to PSO Coal Cars 25,388.85
PR4102 Charges Other than Direct Labor 6.54
PR4103 Direct Labor to Rework PSO Material 8,463.12
PR4103 Charges Other than Direct Labor 2.48
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 5,731.30
PR4231 Payroll Taxes - Direct Labor - PSO 2,537.42
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 5,930.82
PR4273 Switching Fees - PSO 1,973.00
PR4278 Repainting Coal Cars - PSO 0.00
-----------
Total 100% PSO Costs $183,517.75
===========
<PAGE>
Exhibit 2
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $ 10,197.89
PR4011 Small Tools 493.98
PR4012 Facility Maintenance - Material 6,431.81
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 653.88
PR4017 Equipment Operation and Maintenance 2,463.21
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 11,962.55
PR4111 Clerical 4,194.88
PR4112 Training and Safety 644.12
PR4113 General Shop Labor 8,251.63
PR4114 Facility Maintenance - Labor 7,360.99
PR4116 Switch Engine Operation and Maintenance 6,129.16
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 0.00
PR4211 Employee Expenses 1,049.33
PR4212 Employee Fringe Benefits 6,468.49
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 3,672.33
PR4225 Maintenance of Facilities (Contracted) 2,952.00
PR4226 Office Supplies and Expenses 1,255.15
PR4232 Payroll Taxes - Other 2,891.94
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 7,534.98
PR4235 Utilities - Telephone 675.47
PR4236 Vehicle Expense 27.06
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} - $ 86,468.30
-----------
SWEPCO 30.68% $ 26,528.47
-----------
CPL 0.00% $ 0.00
-----------
PSO 69.32% $ 59,939.83
-----------
<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 $ 83,096.43
===========
CPL $ 1,783.12
===========
PSO $243,457.58
===========
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $14,982.59 30.68 % SWEPCO
105, 106 Direct Labor CPL 0.00 0.00 % CPL
102, 103 Direct Labor PSO 33,851.97 69.32 % PSO
---------- ------
Total Direct Labor $48,834.56 100.00 %
========== ======
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
MARCH 2000
A. NUMBER OF RAIL CARS SERVICED
SWEPCO 347 PSO 121 CPL 0
B. AMOUNT OF EXPENDITURES: SWEPCO
COSTS ASSIGNED 100% TO SWEPCO:
PR4001 Direct Material to SWEPCO Coal Cars $127,975.46
PR4018 Stores Salvage - SWEPCO (61,233.93)
PR4101 Direct Labor to SWEPCO Coal Cars 17,720.68
PR4101 Charges Other than Direct Labor 5.85
PR4104 Direct Labor to Rework SWEPCO Material 1,764.83
PR4104 Charges other than Direct Labor 2.10
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 3,299.00
PR4230 Payroll Taxes - Direct Labor - SWEPCO 1,460.55
PR4238 Depreciation Expense - SWEPCO 0.00
PR4263 Lease - Supplemental Expenses - SWEPCO 0.00
PR4270 Outside Maintenance of SWEPCO Coal Cars 69,835.53
PR4272 Switching Fees - SWEPCO 0.00
PR4277 Repainting Coal Cars - SWEPCO 0.00
-----------
Total 100% SWEPCO Costs $160,830.07
===========
COSTS ASSIGNED 100% TO CPL: CPL
PR4003 Direct Material to CPL Coal Cars $ 16,014.19
PR4014 Inventory Carrying Charges - CPL 1,655.10
PR4021 Stores Salvage - CPL (7,019.51)
PR4105 Direct Labor to CPL Coal Cars 9,358.66
PR4105 Charges Other thanDirect Labor 0.00
PR4106 Direct Labor to Rework CPL Material. 144.08
PR4106 Charges Other than Direct Labor 0.00
PR4216 Ad Valorem Taxes - Facility - Direct - CPL 0.00
PR4217 Employee Fringe Benefits - Direct Labor - CPL 1,469.72
PR4218 Payroll taxes - Direct Labor - CPL 721.68
PR4240 Depreciation Expense - CPL 0.00
PR4269 Outside Maintenance of CPL Coal Cars 5,037.07
PR4274 Switching Fees - CPL 1,475.64
PR4279 Repainting Coal Cars - CPL 0.00
-----------
Total 100% CPL Costs $ 28,856.63
===========
<PAGE>
Exhibit 3
Page 2 of 4
COSTS ASSIGNED 100% TO PSO: PSO
PR4002 Direct Material to PSO Coal Cars $141,287.92
PR4015 Inventory Carrying Charges - PSO 2,576.93
PR4019 Stores Salvage - PSO (123,578.69)
PR4102 Direct Labor to PSO Coal Cars 14,962.16
PR4102 Charges Other than Direct Labor 13.35
PR4103 Direct Labor to Rework PSO Material 7,446.75
PR4103 Charges Other than Direct Labor 4.51
PR4205 Ad Valorem Taxes - Facility - Direct - PSO 0.00
PR4214 Employee Fringe Benefits - Direct Labor - PSO 3,793.92
PR4231 Payroll Taxes - Direct Labor - PSO 1,679.69
PR4239 Depreciation Expense - PSO 0.00
PR4271 Outside Maintenance of PSO Coal Cars 21,965.20
PR4273 Switching Fees - PSO 0.00
PR4278 Repainting Coal Cars - PSO 0.00
-----------
Total 100% PSO Costs $ 70,151.74
===========
<PAGE>
Exhibit 3
Page 3 of 4
COSTS TO BE SHARED {Ratio of Direct Labor}: SHARED
PR4010 Shop Material $ 4,883.14
PR4011 Small Tools 775.56
PR4012 Facility Maintenance - Material 1,822.81
PR4013 Sale of Scrap (Cr.) 0.00
PR4016 Switch Engine Operation and Maintenance 73.16
PR4017 Equipment Operation and Maintenance 3,722.75
PR4020 Stores Salvage - Joint 0.00
PR4110 Supervision 12,142.47
PR4111 Clerical 4,375.32
PR4112 Training and Safety 1,353.50
PR4113 General Shop Labor 5,169.45
PR4114 Facility Maintenance - Labor 7,864.63
PR4116 Switch Engine Operation and Maintenance 6,266.93
PR4201 Ad Valorem Taxes - Facility 20,873.79
PR4520 Land Cr. 0.00
PR4206 Data Processing Charges 574.40
PR4207 General Office Overhead 583.05
PR4210 Employee Activities 378.53
PR4211 Employee Expenses 1,547.54
PR4212 Employee Fringe Benefits 9,063.64
PR4215 Employee Sick Benefits 0.00
PR4220 Injuries and Damages 0.00
PR4221 Insurance - Liability and Property 3,672.33
PR4225 Maintenance of Facilities (Contracted) 2,032.00
PR4226 Office Supplies and Expenses 445.41
PR4232 Payroll Taxes - Other 2,786.08
PR4233 Special Services 0.00
PR4234 Utilities - Heat, Light, Power and Water 12,066.33
PR4235 Utilities - Telephone 646.17
PR4236 Vehicle Expense 158.31
PR4237 Depreciation Expense 0.00
PR4250 Miscellaneous 248.00
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} - $103,525.30
-----------
SWEPCO 37.91% $ 39,246.44
-----------
CPL 18.49% $ 19,141.83
-----------
PSO 43.60% $ 45,137.03
-----------
<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 $200,076.51
===========
CPL $ 47,998.46
===========
PSO $115,288.77
===========
C. COMPUTATION OF COST RATIO:
101, 104 Direct Labor SWEPCO $19,485.51 37.91 % SWEPCO
105, 106 Direct Labor CPL 9,502.74 18.49 % CPL
102, 103 Direct Labor PSO 22,408.91 43.60 % PSO
---------- ------
Total Direct Labor $51,397.16 100.00 %
========== ======
