<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Indiana
Energy, Inc.'s consolidated financial statements as of December 31, 1998, 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-30-1999
<PERIOD-END>                               DEC-31-1998
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      570,469
<OTHER-PROPERTY-AND-INVEST>                     77,573
<TOTAL-CURRENT-ASSETS>                          94,916
<TOTAL-DEFERRED-CHARGES>                        18,656
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 761,614
<COMMON>                                       140,918
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            168,372
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 309,290
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           183,386
<SHORT-TERM-NOTES>                              56,475
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   10,174
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 202,289
<TOT-CAPITALIZATION-AND-LIAB>                  761,614
<GROSS-OPERATING-REVENUE>                      125,241
<INCOME-TAX-EXPENSE>                             6,423
<OTHER-OPERATING-EXPENSES>                     101,429
<TOTAL-OPERATING-EXPENSES>                     107,852
<OPERATING-INCOME-LOSS>                         17,389
<OTHER-INCOME-NET>                               1,118
<INCOME-BEFORE-INTEREST-EXPEN>                  18,507
<TOTAL-INTEREST-EXPENSE>                         4,231
<NET-INCOME>                                    14,276
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   14,276
<COMMON-STOCK-DIVIDENDS>                         6,924
<TOTAL-INTEREST-ON-BONDS>                        3,389
<CASH-FLOW-OPERATIONS>                          (5,186)
<EPS-PRIMARY>                                      .48
<EPS-DILUTED>                                      .48