```

[Federal Register Volume 62, Number 206 (Friday, October 24, 1997)]
[Notices]
[Pages 55441-55442]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28175]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-26765]

Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

October 17, 1997.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated thereunder. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendments thereto is/are available for public 
inspection through the Commission's Office of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by November 10, 1997, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in case of an attorney at law, by 
certificate) should be filed with the request. Any request for hearing 
shall identify specifically the issues of fact or law that are 
disputed. A person who so requests will be notified of any hearing, if 
ordered, and will receive a copy of any notice or order issued in the 
matter. After said date, the application(s) and/or declaration(s), as 
filed or as amended, may be granted and/or permitted to become 
effective.

West Texas Utilities Company

[70-8057]

    West Texas Utilities Company (``WTU''), 301 Cypress Street, 
Abilene, Texas 79601-5820, a wholly owned electric public-utility 
subsidiary company of Central and South West

[[Page 55442]]

Corporation, a registered holding company, has filed a post-effective 
amendment to its declaration under sections 6(a) and 7 of the Act and 
rule 54 thereunder.
    By order dated October 7, 1992 (HCAR No. 25649) (``Order''), WTU 
was authorized, among other things, to issue and sell up to an 
aggregate principal amount of $150 million of First Mortgage Bonds 
(``Bonds''), in one or more series, from time to time through December 
31, 1994. WTU was authorized to use the proceeds from the sale of Bonds 
(1) to redeem all or a portion of its then outstanding $75 million, 
8\7/8\% First Mortgage Bonds, Series N, due May 1, 2016 (``Series N 
Bonds''), (2) to purchase, through a tender offer, all or a portion of 
its then outstanding $65 million, 9\1/4\% first mortgage bonds, Series 
O, due December 1, 2019 (``Series O Bonds''), and (3) to repay 
outstanding short-term borrowings or for other general corporate 
purposes. In October 1992, WTU issued $75 million of Bonds pursuant to 
the Order. The net proceeds from the sale of the Bonds were used to 
redeem the Series N Bonds.
    By order dated December 19, 1994 (HCAR No. 26194) (``First 
Supplemental Order''), the Commission extended from December 31, 1994 
to December 31, 1996, the authorization to issue and sell the remaining 
$75 million of Bonds.
    In March 1995, WTU issued $40 million of Bonds pursuant to the 
Order and the First Supplemental Order. The newt proceeds were used to 
repay a portion of WTU's short-term debt and to reimburse WTU's 
treasury for reacquiring approximately $10 million of its Series O 
Bonds.
    By order dated July 26, 1995 (HCAR No. 26340) (``Second 
Supplemental Order''), the Commission granted WTU authority to issue 
and sell, through December 31, 1997, up to an additional $95 million of 
first mortgage bonds which, together with the remaining $35 million 
authorized to be issued and sold pursuant to the Order and the First 
Supplemental Order, would authorize WTU to issue and sell up to an 
additional aggregate principal amount of $130 million of first mortgage 
bonds (collectively, ``New Bonds''), which may have maturities not less 
than two nor more than 40 years.
    As stated in the Second Supplemental Order, the proceeds from the 
sale of the New Bonds will be used to (1) redeem all or a portion of 
WTU's outstanding $55.203 million, Series O Bonds and/or (2) to repay a 
portion of WTU's short-term debt, to provide working capital and for 
other general corporate purposes.
    WTU now proposes that the Commission extend its authority to issue 
the New Bonds, pursuant to the terms and conditions set forth in the 
Order, the First Supplemental Order and the Second Supplemental Order, 
through December 31, 2002.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-28175 Filed 10-23-97; 8:45 am]
BILLING CODE 8010-01-M
```