<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET AT DECEMBER 31, 1996 AND THE STATEMENT OF INCOME AND THE STATEMENT OF CASH FLOWS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 515,209,914 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 39,481,639 <TOTAL-DEFERRED-CHARGES> 42,288,187 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 596,979,740 <COMMON> 16,436,559 <CAPITAL-SURPLUS-PAID-IN> 145,313,610 <RETAINED-EARNINGS> 51,340,554 <TOTAL-COMMON-STOCKHOLDERS-EQ> 213,090,723 <PREFERRED-MANDATORY> 0 <PREFERRED> 32,901,800 <LONG-TERM-DEBT-NET> 219,533,678 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 7,500,000 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 123,953,539 <TOT-CAPITALIZATION-AND-LIAB> 596,979,740 <GROSS-OPERATING-REVENUE> 205,983,959 <INCOME-TAX-EXPENSE> 11,800,000 <OTHER-OPERATING-EXPENSES> 157,531,592 <TOTAL-OPERATING-EXPENSES> 169,331,592 <OPERATING-INCOME-LOSS> 36,652,367 <OTHER-INCOME-NET> 352,688 <INCOME-BEFORE-INTEREST-EXPEN> 37,005,055 <TOTAL-INTEREST-EXPENSE> 14,955,848 <NET-INCOME> 22,049,207 <PREFERRED-STOCK-DIVIDENDS> 2,416,340 <EARNINGS-AVAILABLE-FOR-COMM> 19,632,867 <COMMON-STOCK-DIVIDENDS> 20,522,897 <TOTAL-INTEREST-ON-BONDS> 14,881,564 <CASH-FLOW-OPERATIONS> 45,071,974 <EPS-PRIMARY> 1.23 <EPS-DILUTED> 1.23