<ARTICLE> UT
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   19,106,527
<OTHER-PROPERTY-AND-INVEST>                  1,637,677
<TOTAL-CURRENT-ASSETS>                       3,383,082
<TOTAL-DEFERRED-CHARGES>                     2,823,631
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                              26,950,917
<COMMON>                                     2,119,100
<CAPITAL-SURPLUS-PAID-IN>                    3,789,881
<RETAINED-EARNINGS>                          2,820,278
<TOTAL-COMMON-STOCKHOLDERS-EQ>               8,729,259
<PREFERRED-MANDATORY>                          137,500
<PREFERRED>                                    732,995
<LONG-TERM-DEBT-NET>                         8,250,722
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 210,000
<LONG-TERM-DEBT-CURRENT-PORT>                  416,939
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>               8,473,502
<TOT-CAPITALIZATION-AND-LIAB>               26,950,917
<GROSS-OPERATING-REVENUE>                    4,755,081
<INCOME-TAX-EXPENSE>                           570,147
<OTHER-OPERATING-EXPENSES>                   3,196,097
<TOTAL-OPERATING-EXPENSES>                   3,766,244
<OPERATING-INCOME-LOSS>                        988,837
<OTHER-INCOME-NET>                              92,196
<INCOME-BEFORE-INTEREST-EXPEN>               1,081,033
<TOTAL-INTEREST-EXPENSE>                       346,826
<NET-INCOME>                                   734,207
<PREFERRED-STOCK-DIVIDENDS>                     28,988
<EARNINGS-AVAILABLE-FOR-COMM>                  705,219
<COMMON-STOCK-DIVIDENDS>                       421,128
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                       1,868,568
<EPS-PRIMARY>                                     1.64
<EPS-DILUTED>                                     1.64