<ARTICLE> UT EXHIBIT 27 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS INCLUDED IN ITS FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,922,272 <OTHER-PROPERTY-AND-INVEST> 143,449 <TOTAL-CURRENT-ASSETS> 356,213 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 606,747 <TOTAL-ASSETS> 5,028,681 <COMMON> 462,250 <CAPITAL-SURPLUS-PAID-IN> 811,648 <RETAINED-EARNINGS> 568,844 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,803,295 <PREFERRED-MANDATORY> 25,000 <PREFERRED> 134,440 <LONG-TERM-DEBT-NET> 1,450,224 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 58,000 <LONG-TERM-DEBT-CURRENT-PORT> 38,240 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,519,482 <TOT-CAPITALIZATION-AND-LIAB> 5,028,681 <GROSS-OPERATING-REVENUE> 2,129,989 <INCOME-TAX-EXPENSE> 117,713 <OTHER-OPERATING-EXPENSES> 364,219 <TOTAL-OPERATING-EXPENSES> 1,687,321 <OPERATING-INCOME-LOSS> 442,668 <OTHER-INCOME-NET> (17,203) <INCOME-BEFORE-INTEREST-EXPEN> 0 <TOTAL-INTEREST-EXPENSE> 123,199 <NET-INCOME> 184,553 <PREFERRED-STOCK-DIVIDENDS> 9,342 <EARNINGS-AVAILABLE-FOR-COMM> 175,211 <COMMON-STOCK-DIVIDENDS> 95,496 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 456,243 <EPS-PRIMARY> 2.57 <EPS-DILUTED> 2.57