<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> 0 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <EXCHANGE-RATE> 1 <CASH> 93 <SECURITIES> 0 <RECEIVABLES> 4,370 <ALLOWANCES> 0 <INVENTORY> 2,115 <CURRENT-ASSETS> 6,645 <PP&E> 826,667 <DEPRECIATION> 4,225 <TOTAL-ASSETS> 710,943 <CURRENT-LIABILITIES> 8,053 <BONDS> 247,781 <COMMON> 1 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 222,880 <TOTAL-LIABILITY-AND-EQUITY> 710,943 <SALES> 22,096 <TOTAL-REVENUES> 22,096 <CGS> 6,019 <TOTAL-COSTS> 7,319 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,984 <INCOME-PRETAX> 9,793 <INCOME-TAX> 3,224 <INCOME-CONTINUING> 6,569 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,569 <EPS-PRIMARY> 0<F1> <EPS-DILUTED> 0<F1> <FN> <F1>All common stock is owned by Parent. No EPA required. </FN>