<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1998 AND THE CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS AND OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,332 <OTHER-PROPERTY-AND-INVEST> 17 <TOTAL-CURRENT-ASSETS> 296 <TOTAL-DEFERRED-CHARGES> 461 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 4,106 <COMMON> 181 <CAPITAL-SURPLUS-PAID-IN> (5) <RETAINED-EARNINGS> 459 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,468 <PREFERRED-MANDATORY> 62 <PREFERRED> 106 <LONG-TERM-DEBT-NET> 1,260 <SHORT-TERM-NOTES> 57 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 48 <PREFERRED-STOCK-CURRENT> 1 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,104 <TOT-CAPITALIZATION-AND-LIAB> 4,106 <GROSS-OPERATING-REVENUE> 357 <INCOME-TAX-EXPENSE> 33 <OTHER-OPERATING-EXPENSES> 242 <TOTAL-OPERATING-EXPENSES> 275 <OPERATING-INCOME-LOSS> 82 <OTHER-INCOME-NET> 2 <INCOME-BEFORE-INTEREST-EXPEN> 84 <TOTAL-INTEREST-EXPENSE> 23 <NET-INCOME> 60 <PREFERRED-STOCK-DIVIDENDS> 2 <EARNINGS-AVAILABLE-FOR-COMM> 58 <COMMON-STOCK-DIVIDENDS> 37 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 112 <EPS-PRIMARY> 0 <EPS-DILUTED> 0