<ARTICLE> UT <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 5,252 <OTHER-PROPERTY-AND-INVEST> 737 <TOTAL-CURRENT-ASSETS> 2,458 <TOTAL-DEFERRED-CHARGES> 980 <OTHER-ASSETS> 1,029 <TOTAL-ASSETS> 10,456 <COMMON> 1,883 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 1,030 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,913 <PREFERRED-MANDATORY> 25 <PREFERRED> 179 <LONG-TERM-DEBT-NET> 2,795 <SHORT-TERM-NOTES> 43 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 330 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,171 <TOT-CAPITALIZATION-AND-LIAB> 10,456 <GROSS-OPERATING-REVENUE> 5,481 <INCOME-TAX-EXPENSE> 138 <OTHER-OPERATING-EXPENSES> 4,886 <F1> <TOTAL-OPERATING-EXPENSES> 5,024 <OPERATING-INCOME-LOSS> 457 <OTHER-INCOME-NET> 44 <INCOME-BEFORE-INTEREST-EXPEN> 501 <TOTAL-INTEREST-EXPENSE> 207 <NET-INCOME> 294 <PREFERRED-STOCK-DIVIDENDS> 0 <F1> <EARNINGS-AVAILABLE-FOR-COMM> 294 <COMMON-STOCK-DIVIDENDS> 376 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 1,323 <EPS-PRIMARY> 1.24 <EPS-DILUTED> 1.24 <FN> <F1> PREFERRED DIVIDEND OF SUBSIDIARY INCLUDED IN OTHER OPERATING EXPENSE