<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
GSU's financial statements for the quarter ended September 30, 1994
and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000044570
<NAME> GULF STATES UTILITIES COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1993
<PERIOD-END>                               SEP-30-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    4,800,268
<OTHER-PROPERTY-AND-INVEST>                     50,450
<TOTAL-CURRENT-ASSETS>                         624,945
<TOTAL-DEFERRED-CHARGES>                     1,455,018
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               6,930,681
<COMMON>                                       114,055
<CAPITAL-SURPLUS-PAID-IN>                    1,152,344
<RETAINED-EARNINGS>                            367,323
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,633,722
<PREFERRED-MANDATORY>                           96,143
<PREFERRED>                                    136,444
<LONG-TERM-DEBT-NET>                         2,318,375
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   50,425
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                    129,021
<LEASES-CURRENT>                                37,720
<OTHER-ITEMS-CAPITAL-AND-LIAB>               2,528,831
<TOT-CAPITALIZATION-AND-LIAB>                6,930,681
<GROSS-OPERATING-REVENUE>                    1,432,044
<INCOME-TAX-EXPENSE>                            34,210
<OTHER-OPERATING-EXPENSES>                   1,191,063
<TOTAL-OPERATING-EXPENSES>                   1,225,273
<OPERATING-INCOME-LOSS>                        206,771
<OTHER-INCOME-NET>                             (42,190)
<INCOME-BEFORE-INTEREST-EXPEN>                 164,581
<TOTAL-INTEREST-EXPENSE>                       152,116
<NET-INCOME>                                    12,465
<PREFERRED-STOCK-DIVIDENDS>                     22,442
<EARNINGS-AVAILABLE-FOR-COMM>                   (9,977)
<COMMON-STOCK-DIVIDENDS>                       289,100
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         278,337
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0