<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Indiana
Energy, Inc.'s consolidated financial statements as of December 31, 1994, and
for the three months then ended and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      537,844
<OTHER-PROPERTY-AND-INVEST>                      6,891
<TOTAL-CURRENT-ASSETS>                         126,564
<TOTAL-DEFERRED-CHARGES>                        33,561
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 704,860
<COMMON>                                       144,636
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            131,656
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 276,292
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           155,730
<SHORT-TERM-NOTES>                              47,350
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                      213
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 225,275
<TOT-CAPITALIZATION-AND-LIAB>                  704,860
<GROSS-OPERATING-REVENUE>                      113,062
<INCOME-TAX-EXPENSE>                             6,511
<OTHER-OPERATING-EXPENSES>                      91,958
<TOTAL-OPERATING-EXPENSES>                      98,469
<OPERATING-INCOME-LOSS>                         14,593
<OTHER-INCOME-NET>                                 275
<INCOME-BEFORE-INTEREST-EXPEN>                  14,868
<TOTAL-INTEREST-EXPENSE>                         3,994
<NET-INCOME>                                    10,874
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   10,874
<COMMON-STOCK-DIVIDENDS>                         5,948
<TOTAL-INTEREST-ON-BONDS>                        3,300
<CASH-FLOW-OPERATIONS>                             357
<EPS-PRIMARY>                                     0.48
<EPS-DILUTED>                                     0.48