<ARTICLE> OPUR1 <LEGEND> (Amounts in 1,000's, except earnings per share) Income tax expense includes $4,453,000 related to other income. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 5,855,014 <OTHER-PROPERTY-AND-INVEST> 462,698 <TOTAL-CURRENT-ASSETS> 548,325 <TOTAL-DEFERRED-CHARGES> 2,163,224 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 9,029,261 <COMMON> 1,373,125 <CAPITAL-SURPLUS-PAID-IN> 553,774 <RETAINED-EARNINGS> 375,410 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,302,309 <PREFERRED-MANDATORY> 40,000 <PREFERRED> 328,240 <LONG-TERM-DEBT-NET> 3,337,754 <SHORT-TERM-NOTES> 41,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 108,661 <LONG-TERM-DEBT-CURRENT-PORT> 142,725 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 6,705 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,721,867 <TOT-CAPITALIZATION-AND-LIAB> 9,029,261 <GROSS-OPERATING-REVENUE> 1,801,066 <INCOME-TAX-EXPENSE> 143,858 <OTHER-OPERATING-EXPENSES> 1,239,371 <TOTAL-OPERATING-EXPENSES> 1,378,776 <OPERATING-INCOME-LOSS> 422,290 <OTHER-INCOME-NET> 10,821 <INCOME-BEFORE-INTEREST-EXPEN> 433,111 <TOTAL-INTEREST-EXPENSE> 202,916 <NET-INCOME> 230,195 <PREFERRED-STOCK-DIVIDENDS> 16,316 <EARNINGS-AVAILABLE-FOR-COMM> 213,879 <COMMON-STOCK-DIVIDENDS> 161,042 <TOTAL-INTEREST-ON-BONDS> 195,767 <CASH-FLOW-OPERATIONS> 522,737 <EPS-PRIMARY> 1.49 <EPS-DILUTED> 1.49