<ARTICLE> UT
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   19,406,520
<OTHER-PROPERTY-AND-INVEST>                  2,053,500
<TOTAL-CURRENT-ASSETS>                       3,589,276
<TOTAL-DEFERRED-CHARGES>                     2,874,167
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                              27,923,463
<COMMON>                                     2,149,573
<CAPITAL-SURPLUS-PAID-IN>                    3,778,642
<RETAINED-EARNINGS>                          2,807,204
<TOTAL-COMMON-STOCKHOLDERS-EQ>               8,735,419
<PREFERRED-MANDATORY>                          137,500
<PREFERRED>                                    732,995
<LONG-TERM-DEBT-NET>                         8,985,131
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 346,305
<LONG-TERM-DEBT-CURRENT-PORT>                  257,725
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>               8,728,388
<TOT-CAPITALIZATION-AND-LIAB>               27,923,463
<GROSS-OPERATING-REVENUE>                    7,809,172
<INCOME-TAX-EXPENSE>                           808,532
<OTHER-OPERATING-EXPENSES>                   5,605,567
<TOTAL-OPERATING-EXPENSES>                   6,414,099
<OPERATING-INCOME-LOSS>                      1,395,073
<OTHER-INCOME-NET>                              66,728
<INCOME-BEFORE-INTEREST-EXPEN>               1,461,801
<TOTAL-INTEREST-EXPENSE>                       557,851
<NET-INCOME>                                   903,950
<PREFERRED-STOCK-DIVIDENDS>                     43,314
<EARNINGS-AVAILABLE-FOR-COMM>                  860,636
<COMMON-STOCK-DIVIDENDS>                             0
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                       2,453,986
<EPS-PRIMARY>                                     2.00
<EPS-DILUTED>                                     2.00