<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Indiana
Energy, Inc.'s consolidated financial statements as of December 31, 1995, 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-30-1996
<PERIOD-END>                               DEC-31-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      558,964
<OTHER-PROPERTY-AND-INVEST>                      7,080
<TOTAL-CURRENT-ASSETS>                         166,991
<TOTAL-DEFERRED-CHARGES>                        16,285
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 749,320
<COMMON>                                       144,505
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            148,587
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 293,092
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           196,100
<SHORT-TERM-NOTES>                              27,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                      267
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 232,861
<TOT-CAPITALIZATION-AND-LIAB>                  749,320
<GROSS-OPERATING-REVENUE>                      154,309
<INCOME-TAX-EXPENSE>                            11,405
<OTHER-OPERATING-EXPENSES>                     120,250
<TOTAL-OPERATING-EXPENSES>                     131,655
<OPERATING-INCOME-LOSS>                         22,654
<OTHER-INCOME-NET>                                 431
<INCOME-BEFORE-INTEREST-EXPEN>                  23,085
<TOTAL-INTEREST-EXPENSE>                         3,992
<NET-INCOME>                                    19,093
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   19,093
<COMMON-STOCK-DIVIDENDS>                         6,173
<TOTAL-INTEREST-ON-BONDS>                        3,637
<CASH-FLOW-OPERATIONS>                         (2,162)
<EPS-PRIMARY>                                      .85
<EPS-DILUTED>                                        0