<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