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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 1)*

                            Powell Industries, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $0.01 Par Value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    739128106
                                 --------------
                                 (CUSIP Number)

                                 January 8, 1985
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

         Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

                  [ ]    Rule 13d-1(b)

                  [X]    Rule 13d-1(c)

                  [ ]    Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.

SEC 1745 (12-02)



CUSIP No. 739128106
--------------------------------------------------------------------------------
  1.    Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Bonnie L. Powell
--------------------------------------------------------------------------------
  2.    Check the Appropriate Box if a Member of a Group (See Instructions)
        (a) [ ]
               -----------------------------------------------------------------
        (b) [ ]
               -----------------------------------------------------------------
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  3.    SEC Use Only


--------------------------------------------------------------------------------
  4.    Citizenship or Place of Organization

        United States
--------------------------------------------------------------------------------

     Number of             5.      Sole Voting Power

      Shares                        482,969
                           -----------------------------------------------------
   Beneficially            6.      Shared Voting Power

     Owned by                       345,500
                           -----------------------------------------------------
       Each                7.      Sole Dispositive Power

     Reporting                      482,969
                           -----------------------------------------------------
   Person With:            8.      Shared Dispositive Power

                                    345,500
--------------------------------------------------------------------------------
  9.    Aggregate Amount Beneficially Owned by Each Reporting Person

         828,469
--------------------------------------------------------------------------------
 10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)


--------------------------------------------------------------------------------
 11.    Percent of Class Represented by Amount in Row (9)

         7.776%
--------------------------------------------------------------------------------
 12.    Type of Reporting Person (See Instructions)

         IN


ITEM 1.

         (a)      Name of Issuer: Powell Industries, Inc., a Nevada Corporation

         (b)      Address of Issuer's Principal Executive Offices: 2550 Mosely
                  Drive, Houston, TX 77075

ITEM 2.

         (a)      Name of Persons Filing: Bonnie L. Powell

         (b)      Address of Principal Business Office, or, if none, Residence:
                  P.O. Box 112 Warda, TX 78960

         (c)      Citizenship: United States

         (d)      Title of Class of Securities: Common Stock $0.01 par value per
                  share

         (e)      CUSIP Number: 739128106

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

         (a)      [ ] Broker or Dealer registered under Section 15 of the Act
                  (15 U.S.C. 78o).

         (b)      [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
                  78c).

         (c)      [ ] Insurance Company as defined in Section 3(a)(19) of the
                  Act (15 U.S.C. 78c).

         (d)      [ ] Investment Company registered under Section 8 of the
                  Investment Company Act (15 U.S.C. 80a-8).

         (e)      [ ] An investment adviser in accordance with Section
                  240.13d-1(b)(1)(ii)(E);

         (f)      [ ] An employee benefit plan or endowment fund in accordance
                  with Section 240.13d-1(b)(1)(ii)(F);

         (g)      [ ] A parent holding company or control person in accordance
                  with Section 240.13d-1(b)(1)(ii)(G);

         (h)      [ ] A savings associations as defined in Section 3(b) of the
                  Federal Deposit Insurance Act (12 U.S.C. 1813);

         (i)      [ ] A church plan that is excluded from the definition of an
                  investment company under section 3(c)(14) of the Investment
                  Company Act of 1940 (15 U.S.C. 80a-3);



         (j)      [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).


ITEM 4. OWNERSHIP.

         Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

         (a)      Amount beneficially owned: 828,469

         (b)      Percent of class: 7.776%

         (c)      Number of shares as to which the person has:

                  (i)      Sole power to vote or to direct the vote 482,969

                  (ii)     Shared power to vote or to direct the vote 345,500

                  (iii)    Sole power to dispose or to direct the disposition
                           of 482,969

                  (iv)     Shared power to dispose or to direct the disposition
                           of 345,500

         Instruction. For computations regarding securities which represent a
         right to acquire an underlying security see Section 240.13d-3(d)(l).

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].

Instruction: Dissolution of a group requires a response to this item.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

         If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
        SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

         If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule
13d-1(d), attach an exhibit stating the identification of the relevant
subsidiary.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         If a group has filed this schedule pursuant to Section 240.13d-1
(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the
identity and Item 3 classification of each member of the group. If a group has
filed this schedule pursuant to Section 240.13d-1(c) or Section 240.13d-1(d),
attach an exhibit stating the identity of each member of the group.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

         Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.



ITEM 10. CERTIFICATION

         (a)      The following certification shall be included if the statement
                  is filed pursuant to Section 240.13d-1(b):

                      By signing below I certify that, to the best of my
                      knowledge and belief, the securities referred to above
                      were acquired and are held in the ordinary course of
                      business and were not acquired and are not held for the
                      purpose of or with the effect of changing or influencing
                      the control of the issuer of the securities and were not
                      acquired and are not held in connection with or as a
                      participant in any transaction having that purpose or
                      effect.

         (b)      The following certification shall be included if the statement
                  is filed pursuant to Section 240.13d-1(c):

                      By signing below I certify that, to the best of my
                      knowledge and belief, the securities referred to above
                      were not acquired and are not held for the purpose of or
                      with the effect of changing or influencing the control of
                      the issuer of the securities and were not acquired and are
                      not held in connection with or as a participant in any
                      transaction having that purpose or effect.

                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                                      January 31, 2004
                                             -----------------------------------
                                                            Date
                                                   /s/ BONNIE L. POWELL
                                             -----------------------------------
                                                          Signature
                                                       Bonnie L. Powell
                                             -----------------------------------
                                                         Name/Title



         The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties for whom copies are to be sent.

  ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
                    CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)