<ARTICLE>                                           UT

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   JUN-30-2000
<BOOK-VALUE>                                   PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                          100,894
<OTHER-PROPERTY-AND-INVEST>                      3,857,467
<TOTAL-CURRENT-ASSETS>                             272,460
<TOTAL-DEFERRED-CHARGES>                            21,123
<OTHER-ASSETS>                                      61,131
<TOTAL-ASSETS>                                   4,313,075
<COMMON>                                               100
<CAPITAL-SURPLUS-PAID-IN>                          789,608
<RETAINED-EARNINGS>                                291,323
<TOTAL-COMMON-STOCKHOLDERS-EQ>                   1,081,031
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                        509,200
<LONG-TERM-DEBT-NET>                             1,315,995
<SHORT-TERM-NOTES>                                       0
<LONG-TERM-NOTES-PAYABLE>                                0
<COMMERCIAL-PAPER-OBLIGATIONS>                           0
<LONG-TERM-DEBT-CURRENT-PORT>                      203,559
<PREFERRED-STOCK-CURRENT>                                0
<CAPITAL-LEASE-OBLIGATIONS>                              0
<LEASES-CURRENT>                                         0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                   1,203,290
<TOT-CAPITALIZATION-AND-LIAB>                    4,313,075
<GROSS-OPERATING-REVENUE>                          379,620
<INCOME-TAX-EXPENSE>                                12,898
<OTHER-OPERATING-EXPENSES>                         264,704
<TOTAL-OPERATING-EXPENSES>                         277,602
<OPERATING-INCOME-LOSS>                            114,138
<OTHER-INCOME-NET>                                   1,449
<INCOME-BEFORE-INTEREST-EXPEN>                     115,587
<TOTAL-INTEREST-EXPENSE>                            71,569
<NET-INCOME>                                        31,898
<PREFERRED-STOCK-DIVIDENDS>                         12,504
<EARNINGS-AVAILABLE-FOR-COMM>                       19,394
<COMMON-STOCK-DIVIDENDS>                                 0
<TOTAL-INTEREST-ON-BONDS>                                0
<CASH-FLOW-OPERATIONS>                              19,394
<EPS-BASIC>                                              0
<EPS-DILUTED>                                            0