SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 1995
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
0-346 Central Power and Light Company 74-0550600
(A Texas Corporation)
539 North Carancahua Street
Corpus Christi, TX 78401-2802
(512) 881-5300
ITEM 5. OTHER EVENTS
UNAUDITED FINANCIAL INFORMATION IN ANTICIPATION OF A CENTRAL
POWER AND LIGHT COMPANY DEBT OFFERING
SELECTED FINANCIAL INFORMATION (UNAUDITED)
(thousands)
Three Months Twelve Months
Ended Ended
September 30, September 30,
1995 1994 1995
Operating Revenues $358,790 $364,044 $1,068,134
Operating Income 104,082 96,062 279,332
Net Income 82,238 82,877 209,350
Net Income for
Common Stock 78,703 79,492 195,131
Net Utility Plant 3,470,450
CAPITALIZATION (UNAUDITED)
(thousands, except percentages)
September 30,
1995
Common Equity $1,459,699 45.2%
Preferred Stock 250,351 7.8%
Long-term Debt (1) 1,517,887 47.0%
$3,227,937 100.0%
(1) Does not include $0.5 million of long-term debt due
within 12 months.
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RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
(thousands, except ratios)
Twelve Months Ended
September 30,
1995
Operating Income $279,332
Adjustments:
Federal income taxes 60,792
Provision for deferred Federal
income taxes (42,955)
Deferred investment tax credits (5,789)
Other income and deductions 12,695
Allowance for borrowed and equity funds
used during construction 5,447
Mirror CWIP amortization 47,750
Earnings $357,272
Fixed Charges:
Interest on long-term debt $117,385
Other interest 18,487
Fixed Charges $135,872
Ratio of Earnings to Fixed Charges 2.63
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS (UNAUDITED)
(thousands, except ratios)
Twelve Months Ended
September 30,
1995
Operating Income $279,332
Adjustments:
Federal income taxes 60,792
Provision for deferred Federal
income taxes (42,955)
Deferred investment tax credits (5,789)
Other income and deductions 12,695
Allowance for borrowed and equity funds
used during construction 5,447
Mirror CWIP amortization 47,750
Earnings $357,272
Fixed Charges:
Interest on long-term debt $117,385
Other interest 18,487
Preferred stock dividends requirements 15,038
Fixed Charges $150,910
Ratio of Earnings to Fixed Charges 2.37
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SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
CENTRAL POWER AND LIGHT COMPANY
Date: October 19, 1995
By: /s/ R. Russell Davis
R. Russell Davis
Controller
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