WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
GSU's financial statements for the quarter ended September 30, 1995
and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SUBSIDIARY>
   <NUMBER> 003
   <NAME> GULF STATES UTILITIES COMPANY 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    4,655,790
<OTHER-PROPERTY-AND-INVEST>                     55,560
<TOTAL-CURRENT-ASSETS>                         757,810
<TOTAL-DEFERRED-CHARGES>                     1,389,063
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               6,858,223
<COMMON>                                       114,055
<CAPITAL-SURPLUS-PAID-IN>                    1,152,469
<RETAINED-EARNINGS>                            357,171
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,623,695
<PREFERRED-MANDATORY>                           90,087
<PREFERRED>                                    136,444
<LONG-TERM-DEBT-NET>                         2,250,420
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   70,425
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     95,051
<LEASES-CURRENT>                                37,366
<OTHER-ITEMS-CAPITAL-AND-LIAB>               2,554,735
<TOT-CAPITALIZATION-AND-LIAB>                6,858,223
<GROSS-OPERATING-REVENUE>                    1,419,242
<INCOME-TAX-EXPENSE>                            63,715
<OTHER-OPERATING-EXPENSES>                   1,105,847
<TOTAL-OPERATING-EXPENSES>                   1,169,562
<OPERATING-INCOME-LOSS>                        249,680
<OTHER-INCOME-NET>                              13,454
<INCOME-BEFORE-INTEREST-EXPEN>                 263,134
<TOTAL-INTEREST-EXPENSE>                       148,034
<NET-INCOME>                                   115,100
<PREFERRED-STOCK-DIVIDENDS>                     22,357
<EARNINGS-AVAILABLE-FOR-COMM>                   92,743
<COMMON-STOCK-DIVIDENDS>                             0
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         344,267
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0