<ARTICLE> OPUR1 <LEGEND> (Amounts in 1,000's, except earnings per share) Income tax expense includes $406,000 related to other income. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 805,327 <OTHER-PROPERTY-AND-INVEST> 16,275 <TOTAL-CURRENT-ASSETS> 114,617 <TOTAL-DEFERRED-CHARGES> 195,765 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,131,984 <COMMON> 188,700 <CAPITAL-SURPLUS-PAID-IN> (422) <RETAINED-EARNINGS> 90,170 <TOTAL-COMMON-STOCKHOLDERS-EQ> 278,448 <PREFERRED-MANDATORY> 15,000 <PREFERRED> 50,905 <LONG-TERM-DEBT-NET> 315,437 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 63,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 8,044 <OTHER-ITEMS-CAPITAL-AND-LIAB> 401,150 <TOT-CAPITALIZATION-AND-LIAB> 1,131,984 <GROSS-OPERATING-REVENUE> 80,324 <INCOME-TAX-EXPENSE> 9,798 <OTHER-OPERATING-EXPENSES> 51,049 <TOTAL-OPERATING-EXPENSES> 60,441 <OPERATING-INCOME-LOSS> 19,883 <OTHER-INCOME-NET> 352 <INCOME-BEFORE-INTEREST-EXPEN> 20,235 <TOTAL-INTEREST-EXPENSE> 7,203 <NET-INCOME> 13,032 <PREFERRED-STOCK-DIVIDENDS> 1,157 <EARNINGS-AVAILABLE-FOR-COMM> 11,875 <COMMON-STOCK-DIVIDENDS> 5,346 <TOTAL-INTEREST-ON-BONDS> 6,774 <CASH-FLOW-OPERATIONS> 17,051 <EPS-PRIMARY> 1.89 <EPS-DILUTED> 1.89