<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Indiana
Energy, Inc.'s consolidated financial statements as of March 31, 1996, and for
the six months then ended and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               MAR-31-1996
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      561,727
<OTHER-PROPERTY-AND-INVEST>                      8,837
<TOTAL-CURRENT-ASSETS>                         154,618
<TOTAL-DEFERRED-CHARGES>                        16,697
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 741,879
<COMMON>                                       144,508
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            168,646
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 313,154
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           197,118
<SHORT-TERM-NOTES>                               3,800
<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>                 227,540
<TOT-CAPITALIZATION-AND-LIAB>                  741,879
<GROSS-OPERATING-REVENUE>                      376,862
<INCOME-TAX-EXPENSE>                            25,998
<OTHER-OPERATING-EXPENSES>                     300,930
<TOTAL-OPERATING-EXPENSES>                     326,928
<OPERATING-INCOME-LOSS>                         49,934
<OTHER-INCOME-NET>                               3,473
<INCOME-BEFORE-INTEREST-EXPEN>                  53,407
<TOTAL-INTEREST-EXPENSE>                         8,080
<NET-INCOME>                                    45,327
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   45,327
<COMMON-STOCK-DIVIDENDS>                        12,348
<TOTAL-INTEREST-ON-BONDS>                        7,468
<CASH-FLOW-OPERATIONS>                          56,515
<EPS-PRIMARY>                                     2.01
<EPS-DILUTED>                                        0