<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
Indiana Energy, Inc.'s consolidated financial statements as of
September 30, 1998, and for the fiscal year then ended and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      567,105
<OTHER-PROPERTY-AND-INVEST>                     74,798
<TOTAL-CURRENT-ASSETS>                          52,456
<TOTAL-DEFERRED-CHARGES>                        17,991
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 712,350
<COMMON>                                       144,379
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            161,052
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 305,431
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           183,489
<SHORT-TERM-NOTES>                              33,705
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   10,119
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 179,606
<TOT-CAPITALIZATION-AND-LIAB>                  712,350
<GROSS-OPERATING-REVENUE>                      466,434
<INCOME-TAX-EXPENSE>                            18,161
<OTHER-OPERATING-EXPENSES>                     397,466
<TOTAL-OPERATING-EXPENSES>                     415,627
<OPERATING-INCOME-LOSS>                         50,807
<OTHER-INCOME-NET>                               6,037
<INCOME-BEFORE-INTEREST-EXPEN>                  56,844
<TOTAL-INTEREST-EXPENSE>                        16,640
<NET-INCOME>                                    40,204
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   40,204
<COMMON-STOCK-DIVIDENDS>                        26,840
<TOTAL-INTEREST-ON-BONDS>                       13,335
<CASH-FLOW-OPERATIONS>                          79,001
<EPS-PRIMARY>                                     1.33
<EPS-DILUTED>                                     1.33