WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 1999 AND THE CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS AND OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,824 <OTHER-PROPERTY-AND-INVEST> 645 <TOTAL-CURRENT-ASSETS> 486 <TOTAL-DEFERRED-CHARGES> 524 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 5,479 <COMMON> 1,052 <CAPITAL-SURPLUS-PAID-IN> (8) <RETAINED-EARNINGS> 659 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,808 <PREFERRED-MANDATORY> 61 <PREFERRED> 106 <LONG-TERM-DEBT-NET> 1,785 <SHORT-TERM-NOTES> 105 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 205 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 287 <TOT-CAPITALIZATION-AND-LIAB> 5,479 <GROSS-OPERATING-REVENUE> 772 <INCOME-TAX-EXPENSE> 48 <OTHER-OPERATING-EXPENSES> 580 <TOTAL-OPERATING-EXPENSES> 628 <OPERATING-INCOME-LOSS> 144 <OTHER-INCOME-NET> (8) <INCOME-BEFORE-INTEREST-EXPEN> 136 <TOTAL-INTEREST-EXPENSE> 69 <NET-INCOME> 65 <PREFERRED-STOCK-DIVIDENDS> 4 <EARNINGS-AVAILABLE-FOR-COMM> 61 <COMMON-STOCK-DIVIDENDS> 80 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 66 <EPS-BASIC> 0.59 <EPS-DILUTED> 0.59