<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <EXCHANGE-RATE> 1 <CASH> 19,185 <SECURITIES> 5,619 <RECEIVABLES> 320,455 <ALLOWANCES> 15,526 <INVENTORY> 157,033 <CURRENT-ASSETS> 621,854 <PP&E> 8,243,825 <DEPRECIATION> 2,976,531 <TOTAL-ASSETS> 6,617,585 <CURRENT-LIABILITIES> 617,330 <BONDS> 2,307,107 <PREFERRED-MANDATORY> 0 <PREFERRED> 170,086 <COMMON> 152,639 <OTHER-SE> 2,049,691 <TOTAL-LIABILITY-AND-EQUITY> 6,617,585 <SALES> 614,980 <TOTAL-REVENUES> 614,980 <CGS> 323,270 <TOTAL-COSTS> 440,708 <OTHER-EXPENSES> 2,301 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 46,248 <INCOME-PRETAX> 127,769 <INCOME-TAX> 50,178 <INCOME-CONTINUING> 77,591 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 77,591 <EPS-PRIMARY> 0.64 <EPS-DILUTED> 0.64