<ARTICLE> UT <SUBSIDIARY> <NUMBER> 001 <NAME> CENTRAL AND SOUTH WEST <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1993 DEC-31-1992 <PERIOD-END> DEC-31-1994 DEC-31-1993 DEC-31-1992 <BOOK-VALUE> PER-BOOK PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 7,388 7,226 0 <OTHER-PROPERTY-AND-INVEST> 610 567 0 <TOTAL-CURRENT-ASSETS> 1,189 1,254 0 <TOTAL-DEFERRED-CHARGES> 516 518 0 <OTHER-ASSETS> 1,206 1,039 0 <TOTAL-ASSETS> 10,909 10,604 0 <COMMON> 667 659 0 <CAPITAL-SURPLUS-PAID-IN> 561 518 0 <RETAINED-EARNINGS> 1,824 1,753 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,052 2,930 0 <PREFERRED-MANDATORY> 35 58 0 <PREFERRED> 292 292 0 <LONG-TERM-DEBT-NET> 2,876 2,682 0 <SHORT-TERM-NOTES> 0 0 0 <LONG-TERM-NOTES-PAYABLE> 50 50 0 <COMMERCIAL-PAPER-OBLIGATIONS> 1,483 1,410 0 <LONG-TERM-DEBT-CURRENT-PORT> 6 18 0 <PREFERRED-STOCK-CURRENT> 1 5 0 <CAPITAL-LEASE-OBLIGATIONS> 14 19 0 <LEASES-CURRENT> 4 4 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,096 3,136 0 <TOT-CAPITALIZATION-AND-LIAB> 10,909 10,604 0 <GROSS-OPERATING-REVENUE> 3,623 3,687 3,289 <INCOME-TAX-EXPENSE> 179 125 142 <OTHER-OPERATING-EXPENSES> 2,850 3,105 0 <TOTAL-OPERATING-EXPENSES> 3,029 3,230 2,559 <OPERATING-INCOME-LOSS> 594 457 588 <OTHER-INCOME-NET> 111 139 82 <INCOME-BEFORE-INTEREST-EXPEN> 705 596 670 <TOTAL-INTEREST-EXPENSE> 293 269 266 <NET-INCOME> 412 327 404 <PREFERRED-STOCK-DIVIDENDS> 18 19 22 <EARNINGS-AVAILABLE-FOR-COMM> 394 308 382 <COMMON-STOCK-DIVIDENDS> 323 306 290 <TOTAL-INTEREST-ON-BONDS> 218 219 230 <CASH-FLOW-OPERATIONS> 764 694 686 <EPS-PRIMARY> 2.08 1.63 2.03 <EPS-DILUTED> 2.08 1.63 2.03