-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QbVE5X6oUB2mRucZTq4g4CYhAnJeZ7xq0eO1pz1veA6tU9o7da32IWzjxCCrJm/E qpjhZk473KeRTwgKaTkHZA== 0000018540-96-000097.txt : 19960813 0000018540-96-000097.hdr.sgml : 19960813 ACCESSION NUMBER: 0000018540-96-000097 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 19960812 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL & SOUTH WEST CORP CENTRAL INDEX KEY: 0000018540 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 510007707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-08645 FILM NUMBER: 96609079 BUSINESS ADDRESS: STREET 1: 1616 WOODALL RODGERS FRWY CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2147541000 35-CERT 1 RULE 24 FOR ENERSHOP UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 - ---------------------------------------------- In the matter of EnerShop Inc. REPORT FOR PERIOD Dallas, Texas 75266 April 1, 1996 to June 30, 1996 File No. 070-08645 PURSUANT TO RULE 24 This report is filed under Rule 24 of the Public Utility Holding Company Act of 1935 by EnerShop, Inc. ("EnerShop"), a wholly owned subsidiary of Central and South West Corporation ("CSW"). Under HCAR 35-26367, EnerShop is authorized to provide energy and demand side management services to nonassociates; loans to subsidiary; guarantees of subsidiary's obligations; and customer financing by subsidiary. Attached is the information required pursuant to HCAR 35-26367. (A) (1) A narrative report of activities undertaken in connection with energy and demand side management services. See Exhibit A. (2) Description of any services received to EnerShop by Central and South West Services, Inc. and each of the electric utility company subsidiaries of CSW and the aggregate dollar value of the services by company. See Exhibit B. (B) (1) Statement of Income for quarter ended June 30, 1996. See Exhibit C. (2) Balance Sheet for the period ended June 30, 1996. See Exhibit D. (3) Statement of Cash Flows for the period ended June 30, 1996. See Exhibit E. (4) Amounts and forms of currently effective CSW guarantees of and similar arrangements concerning the performance and undertaking of obligations by EnerShop. See Exhibit F. (5) Measure of hours spent by associated companies on services rendered to EnerShop. See Exhibit G. 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, EnerShop, Inc. has duly caused this report to be signed on its behalf on this 15th day of August, 1996. EnerShop, Inc. /s/ KENNETH C. RANEY, JR. Kenneth C. Raney, Jr. Secretary EX-99.A 2 EXHIBIT A EXHIBIT A EnerShop Energy Services and Demand-Side Management Activities For Period Ended Calendar Quarter June, 1996 EnerShop is an energy services company, providing cost-effective energy management solutions and strategies for commercial and industrial customers, both inside and outside the service territories of the CSW electric operating companies. EnerShop's turn-key energy efficiency and demand-side management solutions include engineering, design specification, equipment installation, project management and financing placement. EnerShop analyzes potential customer's operations and identifies equipment, usage, and other changes that will lower their overall energy bills or provide greater productivity. On most projects EnerShop manages the efforts of several parties, including equipment vendors, engineering firms, and subcontractors. This management allows our customers to look to a sole-source conduit for activities that would otherwise detract from their time and resources. The following represents EnerShop's activities from end of the quarter ended March, 1996 through June, 1996: 1. Matagorda County Energy Efficiency Project (Matagorda County Texas - CPL service territory) - EnerShop won a competitive public bid to provide energy efficiency retrofits for four County facilities. The services to be provided include: lighting system retrofit, chiller and cooling tower replacement, installation of an energy management system, and annual preventative maintenance. The project is currently under construction and the County is expected to save over 50% of their current utility costs. 2. Provisional Studies - EnerShop performed energy audits or developed energy efficiency proposals for a number of commercial customers. These studies or proposals typically consisted of a facility energy and operational audit, estimates of energy and operational saving opportunities, and associated equipment costs. EnerShop expects to provide detailed engineering studies and subsequent energy and demand-side management projects for a number of these and other customers in 1996. EnerShop's primary focus today is the commercial business sector in Dallas, Texas, Houston, Texas, and the service territories of the four CSW operating companies. EX-99.B 3 EXHIBIT B Enershop, Inc. Intercompany Service Transactions For the Quarter Ended June 30, 1996 Name Type of Service Amount - -------------------------------- -------------------------- --------------- Central and South West Services, Salaries, and overheads in $371,494 Inc. (Wholly owned subsidiary of support of Enershop, Inc. Central and South West Corporation) Transok, Inc. Rent and administrative 12,891 (Wholly owned subsidiary of support for Houston, TX Central and South West office. Corporation) CSW Energy, Inc. Salaries, and overheads in 18,609 (Wholly owned subsidiary of support of Enershop, Inc. Central and South West Corporation) EX-99.C 4 EXHIBIT C ENERSHOP, INC. Income Statement For The Quarter Ended June 30, 1996 Revenue Financing Fee Revenue $12,600 Professional Service Revenue 10,000 ----------- Total Revenue 22,600 Selling & Administrative Expenses Salaries and Employee Benefits 361,463 Marketing and General 322,116 Outside Services - CSWS 143,195 Consulting and Legal Fees 148,894 Travel and Entertainment 44,145 Administrative and General 140,267 ----------- Total Expenses 1,160,080 Interest Expense 24,115 Federal Income Taxes (406,558) ----------- Net Income $(755,037) =========== EX-99.D 5 EXHIBIT D ENERSHOP, INC. Balance Sheet June 30, 1996 ASSETS Current Assets Accounts Receivable $10,000 Contract Cost in Excess of Billings 84,611 Prepaid Warranty Costs 23,922 Federal Income Tax Benefit 406,559 Office Furniture and Fixtures 68,610 Other 1,342 =========== TOTAL ASSETS 595,044 =========== LIABILITIES & EQUITY Current Liabilities Accounts Payable - Trade 56,757 Accounts Payable - Affiliated 31,912 Long Term Liabilities Notes Payable - CSWC 1,367,142 ----------- Total Liabilities 1,455,811 EQUITY Common Stock 100 Additional Paid In Capital 900 Retained Earnings (862,767) ----------- Total Equity (861,767) ----------- TOTAL LIABILITIES & EQUITY $594,044 =========== EX-99.E 6 EXHIBIT E ENERSHOP, INC. Statement of Cash Flows For The Quarter Ended June 30, 1996 OPERATING ACTIVITIES Net (Income) Loss $755,037 Change in Trade Acounts Receivable 10,000 Change in Work in Progress 69,961 Change in Other Assets (145,437) Change in Office Furniture and Fixtures 68,610 Change in Trade Acounts Payable 82,394 Change in Affiliated Acounts Payable (48,410) Change in Accrued Federal Income Tax 371,009 ----------- Total Operating Activities 1,163,164 FINANCING ACTIVITIES Change in Short Term Debt (1,163,164) ----------- Total Financing Activities (1,163,164) =========== Net Change in Cash & Cash Equivalents -- =========== Cash at Beginning of Period -- Cash at End of Period -- =========== Net Change in Cash & Cash Equivalents $ -- =========== EX-99.F 7 EXHIBIT F ENERSHOP, INC. Schedule of CSW Guarantees At June 30, 1996 CSW will guarantee or act as surety on bonds, indebtedness and performance and other obligations undertaken by EnerShop in connection with the Matagorda County Project which involves Signet Bank's $504,000 lease. EX-99.G 8 EXHIBIT G ENERSHOP, INC. Schedule of Hours Spent in Support of Enershop At June 30, 1996 Hours Associated Company Rendered CSW Services, Inc. 3,715 (Wholly owned subsidiary of CSW) CSW Energy, Inc. 250 (Wholly owned subsidiary of Central and South West Corporation) -----END PRIVACY-ENHANCED MESSAGE-----