<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS, CONSOLIDATED STATEMENTS OF INCOME AND CONSOLIDATED
STATEMENTS OF CASH FLOWS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    6,198,893
<OTHER-PROPERTY-AND-INVEST>                          0
<TOTAL-CURRENT-ASSETS>                         811,705
<TOTAL-DEFERRED-CHARGES>                     1,004,963
<OTHER-ASSETS>                                 134,281
<TOTAL-ASSETS>                               8,149,842
<COMMON>                                         1,552
<CAPITAL-SURPLUS-PAID-IN>                    1,535,658
<RETAINED-EARNINGS>                            877,061
<TOTAL-COMMON-STOCKHOLDERS-EQ>               2,414,271
<PREFERRED-MANDATORY>                          210,000
<PREFERRED>                                    267,929
<LONG-TERM-DEBT-NET>                         2,715,269
<SHORT-TERM-NOTES>                             228,900
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   60,400
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>               2,253,073
<TOT-CAPITALIZATION-AND-LIAB>                8,149,842
<GROSS-OPERATING-REVENUE>                    2,924,177
<INCOME-TAX-EXPENSE>                           152,181
<OTHER-OPERATING-EXPENSES>                   2,331,506
<TOTAL-OPERATING-EXPENSES>                   2,483,687
<OPERATING-INCOME-LOSS>                        440,490
<OTHER-INCOME-NET>                              13,497
<INCOME-BEFORE-INTEREST-EXPEN>                 453,987
<TOTAL-INTEREST-EXPENSE>                       227,286
<NET-INCOME>                                   226,701
<PREFERRED-STOCK-DIVIDENDS>                     35,559
<EARNINGS-AVAILABLE-FOR-COMM>                  191,142
<COMMON-STOCK-DIVIDENDS>                       221,362
<TOTAL-INTEREST-ON-BONDS>                      219,248
<CASH-FLOW-OPERATIONS>                         440,408
<EPS-PRIMARY>                                     1.30
<EPS-DILUTED>                                     1.30