35-CERT 1 q1019073.txt RULE 24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Public Utility Holding Company Act of 1935 File No. 70-9073 Report For Period: January 1, 2001 to March 31, 2001 In the Matter of: CENTRAL AND SOUTH WEST CORPORATION AND CENTRAL POWER AND LIGHT COMPANY, et al. This report is filed under Rule 24 of the Public Utility Holding Company Act of 1935 by Central Power and Light Company (CPL), a subsidiary of Central and South West Corporation (CSW), pursuant to an order issued by the Securities and Exchange Commission dated October 21, 1998 (HCAR 35-26931). The Better Choice Home Mortgage Program ("Better Choices Program") is a mortgage incentive program designed to promote efficient energy use and environmental conservation. The matter requires that CPL file quarterly reports providing the following information with respect to the Better Choices Program provided to nonaffiliates by CPL, Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCO) and West Texas Utilities Company (WTU), (collectively, "Operating Companies")and American Electric Power Service Corporation, (AEPSC): 1) a balance sheet as of the relevant quarterly reporting date, 2) income statement for the preceding twelve months, and 3) the name of each Company providing the marketing services authorized by this order, the total number of Home Certifications made during the relevant period. This report covers the period from January 1, 2001 through March 31, 2001. The requested information for the reporting period January 1, 2001 through March 31, 2001, is as follows: 1) Copies of the Operating Companies and AEPSC balance sheet for the reporting period ended March 31, 2001 are attached as Exhibit 1. 2) Copies of the Operating Companies and AEPSC income statement for the twelve months ended March 31, 2001 are attached as Exhibit 2. 3) A) The name(s) of each company providing the marketing services authorized by this order during the period ended March 31, 2001 are: NONE. B) The total number of Home Certifications made during the period ended March 31, 2001 are: NONE. S I G N A T U R E ----------------- As requested by order of this Commission pursuant to the Public Utility Holding Company Act of 1935, Central Power and Light Company has duly caused this report to be signed on its behalf on this 30th day of May 2001. Central Power and Light Company, et al. /s/ Armando Pena Armando Pena Treasurer INDEX TO EXHIBITS Exhibit Number Exhibit 1 Balance sheet for the reporting period ended March 31, 2001, as required for: a) Central Power and Light (CPL) b) Public Service Company of Oklahoma (PSO) c) Southwestern Electric Power Company (SWEPCO) d) West Texas Utilities Company (WTU) e) American Electric Power Service Corporation (AEPSC) 2 Income statement for the twelve months ended Marcch 31, 2001, as required for: a) Central Power and Light (CPL) b) Public Service Company of Oklahoma (PSO) c) Southwestern Electric Power Company (SWEPCO) d) West Texas Utilities Company (WTU) e)American Electric Power Service Corporation (AEPSC) Central Power and Light Company bit 1 (a) Consolidated Balance Sheet e 1 of 2 March 31, 2001 ousands) ASSETS Electric Utility Plant Production $3,161,904 Transmission 585,157 Distribution 1,234,153 General 239,473 Construction work in progress 168,726 Nuclear fuel 237,499 ---------------- 5,626,912 Less - accumulated depreciation 2,316,202 --------------- 3,310,710 Other Property and Investments 45,357 Long-Term Energy Trading Contracts 19,908 Current Assets Cash and cash equivalents 4,849 Accounts receivable: General 54,545 Affiliated Companies 34,636 Fuel inventory, at LIFO costs 38,423 Materials and supplies, at average cost 52,994 Under-recovered fuel costs 125,223 Energy Trading Contracts 40,155 Prepayments and other 2,910 Total 353,735 Regulatory Assets 197,711 Regulatory Assets Designated for Securitization 953,249 Nuclear Decommissioning Trust Fund 90,563 Deferred Charges 47,251 --------------- $5,018,484 ================
Central Power and Light Company Exhibit 1 (a) Consolidated Balance Sheet Page 2 of 2 ---------------------------------------------------------------------------------------- As of 31, 2001 -------------------------- (thousands) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $25 par value Authorized shares: 12,000,000 Issued and outstanding shares: 6,755,535 $168,888 Paid-in capital 405,000 Retained earnings 790,175 ----------- Total Common Stock Equity 1,364,063 Preferred stock 5,967 CPL-obligated,Mandatorily Redeemable Preferred securities of Subsidiary Trust Holding Solely Junior Subordinated Debentures of CPL 148,000 Long-term debt 942,861 ----------- Total Capitalization 2,460,891 ----------- ----------- Current Liabilities Long-term debt due within One Year 511,700 Advances from affiliates 312,868 Accounts payable 108,821 Payables to affiliates 42,982 Taxes accrued 83,097 Interest accrued 23,189 Energy Trading Contracts 39,500 Other 36,439 ----------- 1,158,596 ----------- Deferred Income Taxes 1,243,439 ----------- Deferred Investment Tax Credits 126,798 ----------- Long-Term Energy Trading Contracts 19,493 ----------- Deferred Credits 9,267 ----------- Commitments and Contingencies (Note 8) $5,018,484 ===========
Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet Page 1 of 2 ------------------------------------------------------------------------------ As of March 31, 2001 ---------------------- (thousands) ASSETS Electric Utility Plant Production $914,325 Transmission 399,558 Distribution 946,944 General 208,536 Construction work in progress 160,620 ---------------------- 2,629,983 Less - Accumulated depreciation 1,162,740 ---------------------- 1,467,243 Other Property and Investments 39,141 ---------------------- Long-Term Energy Ttading Contracts 16,463 ---------------------- Current Assets Cash and Cash Equivalents 14,092 Accounts receivable: Customers 60,705 Affiliated Companies 6,723 Fuel inventory, at LIFO costs 21,300 Materials and supplies, at average cost 30,591 Under-recovered Fuel Costs 45,991 Energy Trading Contracts 33,207 Prepayments and other 3,890 ----------------- 216,499 ----------------- Regulatory Assets 23,150 ----------------- Deferred Charges 28,411 ----------------- $1,790,907 ================= Public Service Company of Oklahoma Exhibit 1 (b) Consolidated Balance Sheet Page 2 of 2 ------------------------------------------------------------------------------- As of March 31, 2001 ------------------- (thousands) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $15 par value Authorized shares: 11,000,000 shares Issued 10,482,000 shares and outstanding 9,013,000 shares $157,230 Paid-in capital 180,000 Retained earnings 123,015 ------------- Total Common Stock Equity 460,245 Cumulative Preferred Stock Not Subject 5,283 To Mandatory Redeemption PSO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of PSO 75,000 Long-term debt 450,899 ----------- Total Capitalization 991,427 ----------- ----------- Current Liabilities Long-term debt due within One Year - Advances from affiliates 178,993 Accounts payable 67,306 Payables to affiliates 66,205 Customer deposits 18,800 Taxes accrued 6,397 Interest accrued 11,085 Energy Trading Contracts 32,665 Other 10,169 ------------ 391,620 ------------ Deferred Income Taxes 318,754 ------------ Deferred Investment Tax Credits 35,335 ------------ Regulatory Liabilities and Deferred Credits 37,651 ------------ Long-Term Energy Trading Contracts 16,120 ------------ $1,790,907 ============
Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet Page 1 of 2 -------------------------------------------------------------------------------------------------------------------- As of March 31, 2001 ------------------------- (thousands) ASSETS Electric Utility Plant Production $1,425,061 Transmission 523,948 Distribution 1,007,999 General 326,967 Construction work in progress 49,587 ------------------------- 3,333,562 Less - Accumulated depreciation 1,474,266 ------------------------- 1,859,296 Other Property and Investments 40,731 ------------------------- Long-Term Energy Trading Contracts 19,916 ------------------------- Current Assets Cash and Cash Equivalents 2,515 Accounts receivable Customers 10,507 Affiliated Companiess 20,642 Fuel inventory, at average costs 39,677 Underrecovered Fuel Costs 42,106 Materials and supplies, at average cost 26,146 Energy Trading Contracts 40,171 Prepayments and other 15,730 ------------------------- 197,494 Regulatory Assets 53,503 ------------------------- Deferred Charges 34,511 ------------------------- $2,205,451 =========================
Southwestern Electric Power Company Exhibit 1 (c) Consolidated Balance Sheet Page 2 of 2 ---------------------------------------------------------------------------------------------------------------------- As of March 31, 2001 -------------------------- (thousands) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $18 par value Authorized: 7,600,000 shares Issued and outstanding: 7,536,640 shares $ 135,660 Paid-in capital 245,000 Retained earnings 295,248 -------------------------- Total Common Stock Equity 675,908 Preferred stock 4,704 SWEPCO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of SWEPCO 110,000 Long-term debt 494,897 -------------------------- Total Capitalization 1,285,509 -------------------------- Other Noncurrent Liabilities 11,824 -------------------------- Current Liabilities Long-term debt due within twelve months 150,595 Advances from affiliates 60,305 Accounts payable 65,562 Payables to affiliates 28,884 Customer deposits 16,868 Taxes accrued 43,343 Interest accrued 11,834 Energy Trading Contracts 39,518 Other 12,419 -------------------------- 429,328 -------------------------- Deferred Income Taxes 398,258 -------------------------- Deferred Investment Tax Credits 52,054 -------------------------- Regulatory Liabilities and Deferred Credits 8,977 -------------------------- Long-Term Energy Trading Contracts 19,501 -------------------------- $2,205,451 ==========================
West Texas Utilities Company Exhibit 1 (d) Balance Sheet Page 1 of 2 -------------------------------------------------------------------------------------------------------------------- As of March 31, 2001 ------------------------- (thousands) ASSETS Electric Utility Plant Production $436,816 Transmission 236,149 Distribution 419,923 General 111,852 Construction work in progress 33,811 ------------------------- 1,238,551 Less - Accumulated depreciation 523,888 ------------------------- 714,663 Other Property and Investments 23,681 ------------------------- Long-Term Energy Trading Contracts 6,619 ------------------------- Current Assets Cash and Cash Equivalents 3,744 Accounts Receivable: Customers 25,929 Affiliated Customers 13,822 Allowance for Uncollectible Accounts (108) Fuel inventory, at average costs 12,607 Materials and Supplies, at average costs 11,128 Under-recovered fuel costs 69,883 Energy Trading Contracts 13,351 Prepayments and other 232 ------------------------- 150,588 ------------------------- Regulatory Assets 21,647 ------------------------- Deferred Charges 11,521 ------------------------- $928,719 =========================
West Texas Utilities Company Exhibit 1 (d) Balance Sheet Page 2 of 2 -------------------------------------------------------------------------------------------------------------------- As of March 31, 2001 ------------------------- (thousands) CAPITALIZATION AND LIABILITIES Capitalization Common stock: $25 par value Authorized: 7,800,000 shares Issued and outstanding: 5,488,560 shares $137,214 Paid-in capital 2,236 Retained earnings 116,247 ------------------------- Total Common Stock Equity 255,697 Cumulative preferred stock: 2,482 Not Subject to Mandatory Redeemption Long-term debt 255,874 ------------------------- Total Capitalization 514,053 ------------------------- ------------------------- Current Liabilities Advances from affiliates 67,816 Accounts payable 41,104 Payables to affiliates 30,684 Customer Deposits 4,321 Taxes accrued 23,945 Interest accrued 6,015 Energy Trading Contracts 13,133 Other 7,269 ------------------------- 194,287 ------------------------- Deferred Income Taxes 157,090 ------------------------- Deferred Investment Tax Credits 23,734 ------------------------- Long-Term Energy Trading Contracts 6,481 ------------------------- Regulatory Liabilities and Deferred Credits 33,074 ------------------------- Commitments and Contingencies (Note 8) $928,719 =========================
American Electric Power Service Corp. Exhibit 1 (e) Balance Sheet Page 1 of 1 ---------------------------------------------------------------------------------------------------------------------- As of 31, 2001 ------------------------------------- (thousands) ASSETS Property, Plant and Equipment General $399,468 Less - accumulated depreciation 174,203 ------------------------------------- 225,265 ------------------------------------- Investments 84,977 ------------------------------------- Current Assets Cash 13,877 Accounts receivable 299,620 Prepayments 10,216 ------------------------------------- 323,713 ------------------------------------- Deferred Income Taxes 41,955 ------------------------------------- Regulatory Assets 6,622 ------------------------------------- Deferred Charges 12,205 ------------------------------------- $694,737 ===================================== CAPITALIZATION AND LIABILITIES Capitalization Common stock: $100 par value Authorized shares: 20,000 shares Issued and outstanding shares: 13,500 shares $1,350 Paid-in captial 100 ------------------------------------- ------------------------------------- Total Common Stock Equity 1,450 ------------------------------------- Long-Term Debt (less current maturities) 57,100 ------------------------------------- Other Noncurrent Liabilities Obligations Under Capital Leases 43,649 Accrued Pension 13,938 Incentive Compensation Plans 108,581 Other 20,908 ------------------------------------- Total Other Noncurrent Liabilities 187,076 ===================================== Current Liabilities Long-term Debt 2,000 Advances from affiliates 174,627 Obligations Under Capital Leases 23,603 Payables to affiliates 38,425 Accounts payable 5,982 Accrued taxes 63,534 Accrued vacation pay 38,454 Accrued payroll 50,457 Other 36,598 ------------------------------------- 433,680 ------------------------------------- Deferred Income Tax Credits 889 ------------------------------------- Deferred Amounts Due to Affiliates for Income Tax Benefits 7,196 ------------------------------------- Deferred Credits 7,346 ------------------------------------- $694,737 =====================================
Central Power and Light Company Exhibit 2 (a) Consolidated Statement of Income Page 1 of 1 -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended March 31, 2001 --------------------------- (thousands) Electric Operating Revenues $2,058,261 --------------------------- Operating Expenses and Taxes Fuel 613,359 Purchased Power 371,533 Other Operating 319,309 Maintenance 61,393 Depreciation and Amortization 166,979 Taxes Other Than Federal Income Taxes 81,963 Federal Income Taxes 111,125 --------------------------- 1,725,661 --------------------------- Operating Income 332,600 --------------------------- Nonoperating Income (Loss) 8,327 --------------------------- Income Before Interest Charges 340,927 --------------------------- Interest Charges 124,468 --------------------------- Net Income 216,459 Less: Preferred stock dividends 241 (Loss) on reaquired perferred stock --------------------------- Net Income for Common Stock $216,218 ===========================
Public Service Company of Oklahoma Exhibit 2 (b) Consolidated Statement of Income Page 1 of 1 -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended March 31, 2001 --------------------------- (thousands) Electric Operating Revenues $1,157,419 --------------------------- Operating Expenses and Taxes Fuel 443,148 Purchased Power 300,967 Other Operating 132,497 Maintenance 47,102 Depreciation and Amortization 76,976 Taxes Other Than Federal Income Taxes 33,369 Federal Income Taxes 29,210 --------------------------- 1,063,269 --------------------------- Operating Income 94,150 --------------------------- Nonoperating Income (Loss) 9,354 --------------------------- Income Before Interest Charges 103,504 --------------------------- Interest Charges 39,566 --------------------------- Net Income 63,938 Less: Preferred stock dividends 212 --------------------------- Net Income for Common Stock $63,726 ===========================
Southwestern Electric Power Company Exhibit 2 (c) Consolidated Statement of Income Page 1 of 1 -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended March 31, 2001 --------------------------- (thousands) Electric Operating Revenues $1,337,743 --------------------------- Operating Expenses and Taxes Fuel 527,699 Purchased Power 234,951 Other Operating 164,029 Maintenance 76,053 Depreciation and Amortization 105,452 Taxes Other Than Federal Income Taxes 59,888 Federal Income Taxes 30,138 --------------------------- 1,198,210 --------------------------- Operating Income 139,533 --------------------------- Nonoperating Income (Loss) 4,331 --------------------------- Income Before Interest Charges 143,864 --------------------------- Interest Charges 58,986 Net Income 84,878 Less: Preferred stock dividends 229 --------------------------- Net Income for Common Stock $84,649 ===========================
West Texas Utilities Company Exhibit 2 (d) Statement of Income Page 1 of 1 -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended March 31, 2001 --------------------------- (thousands) Electric Operating Revenues $671,265 --------------------------- Operating Expenses and Taxes Fuel 214,479 Purchased Power 194,382 Other Operating 98,530 Maintenance 20,941 Depreciation and Amortization 55,702 Taxes Other Than Federal Income Taxes 26,396 Federal Income Taxes 12,883 --------------------------- 623,313 --------------------------- Operating Income 47,952 --------------------------- Nonoperating Income (Loss) (153) --------------------------- Income Before Interest Charges 47,799 --------------------------- Interest Charges 23,291 --------------------------- Net Income 24,508 Less: Preferred stock dividends 104 --------------------------- Net Income for Common Stock $24,404 ===========================
American Electric Power Service Corp. Exhibit 2 (e) Statement of Income Page 1 of 1 -------------------------------------------------------------------------------------------------------------------- Twelve Months Ended March 31, 2001 --------------------------- (thousands) Operating Revenues: Affiliated Companies $273,537 Nonaffiliated Companies 738 --------------------------- Total Revenues 274,275 =========================== Operating Expenses and Taxes Operation and Maintenance 245,161 Taxes other than federal income taxes 17,523 Depreciation and amortization 3,319 --------------------------- Total Expenses 266,003 Operating Income 8,272 Other Income and (Deductions) (2,467) --------------------------- Income Before Interest Charges and Federal Income Taxes 5,805 Interest Charges 3,702 --------------------------- Income Before Federal Income Taxes 2,103 . Federal Income Tax 2,103 --------------------------- Net Income for Common Stock $ -- ===========================