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CENTRAL AND SOUTH WEST OPERATING UNIT FILES FOR RATE INCREASE IN OKLAHOMA

 CENTRAL AND SOUTH WEST OPERATING UNIT FILES
 FOR RATE INCREASE IN OKLAHOMA
 DALLAS, Oct. 16 /PRNewswire/ -- Central and South West Corporation (NYSE: CSR) said today that its Public Service Company of Oklahoma unit has asked the Oklahoma Corporation Commission to increase its retail rates by $46.8 million.
 The company said the request represents a 7.4 percent increase over PSO's forecast of weather-normalized revenues for 1992. PSO is seeking a return on common equity of 12.75 percent.
 PSO said three factors account for 70 percent of the requested increase: A) an increase in depreciation rates, B) a significant increase in PSO's investments in distribution and transmission facilities since its last rate increase, and C) new accounting requirements for postretirement employee benefits. The remaining 30 percent of the increase, it said, is due to rising costs of providing electric utility service.
 PSO's rates have not increased since 1986 and are among the lowest in the United States, based on an independent national study of investor-owned electric utility prices. PSO expects its rates to continue to rank among the lowest even with the proposed increase.
 Last June, the Oklahoma Corporation Commission approved PSO's request to use a progressive test year in the OCC's mandatory five-year review of the company's rates. PSO was allowed to include six months of historical data for its operating costs and investment in utility assets and six months of forecast data. The commission designated 1992 as the test year for determining PSO's revenue requirements and future rates.
 Hearings on PSO's filing will be set by the OCC at a future date. The company said it has asked that the proposed new rates go into effect by March 31, 1993.
 Central and South West Corporation is a public utility holding company based in Dallas. It owns PSO and three other electric utility companies. The four subsidiaries provide electric service to 1.6 million customers in Texas, Oklahoma, Louisiana and Arkansas. Central and South West also owns Transok, Inc., an Oklahoma intrastate natural gas pipeline company and four other subsidiaries.
 PSO, headquartered in Tulsa, provides electric service to 460,000 customers in eastern and southwestern Oklahoma.
 -0- 10/16/92
 /CONTACT: Gerald R. Hunter, director-corporate communications of Central and South West, 214-754-1165/
 (CSR) CO: Central and South West Corporation ST: Texas IN: UTI SU:


AH -- NY079 -- 1178 10/16/92 17:48 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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