<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-31-1998
<PERIOD-START>                                                                MAR-01-1998
<PERIOD-END>                                                                  JUN-30-1998
<BOOK-VALUE>                                                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                                                                    6,291,113
<OTHER-PROPERTY-AND-INVEST>                                                                          0
<TOTAL-CURRENT-ASSETS>                                                                         857,597
<TOTAL-DEFERRED-CHARGES>                                                                     1,645,847
<OTHER-ASSETS>                                                                                 385,746
<TOTAL-ASSETS>                                                                               9,180,303
<COMMON>                                                                                         1,585
<CAPITAL-SURPLUS-PAID-IN>                                                                    1,599,435
<RETAINED-EARNINGS>                                                                            902,226
<TOTAL-COMMON-STOCKHOLDERS-EQ>                                                               2,503,246
<PREFERRED-MANDATORY>                                                                                0
<PREFERRED>                                                                                     92,688
<LONG-TERM-DEBT-NET>                                                                         2,192,975
<SHORT-TERM-NOTES>                                                                           1,120,559
<LONG-TERM-NOTES-PAYABLE>                                                                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                                                                       0
<LONG-TERM-DEBT-CURRENT-PORT>                                                                  251,569
<PREFERRED-STOCK-CURRENT>                                                                            0
<CAPITAL-LEASE-OBLIGATIONS>                                                                          0
<LEASES-CURRENT>                                                                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                                                               3,019,266
<TOT-CAPITALIZATION-AND-LIAB>                                                                9,180,303
<GROSS-OPERATING-REVENUE>                                                                    1,072,003
<INCOME-TAX-EXPENSE>                                                                           (10,897)
<OTHER-OPERATING-EXPENSES>                                                                   1,058,455
<TOTAL-OPERATING-EXPENSES>                                                                   1,047,558
<OPERATING-INCOME-LOSS>                                                                         24,445
<OTHER-INCOME-NET>                                                                              11,743
<INCOME-BEFORE-INTEREST-EXPEN>                                                                  36,188
<TOTAL-INTEREST-EXPENSE>                                                                        62,121
<NET-INCOME>                                                                                   (25,933)
<PREFERRED-STOCK-DIVIDENDS>                                                                          0
<EARNINGS-AVAILABLE-FOR-COMM>                                                                  (25,933)
<COMMON-STOCK-DIVIDENDS>                                                                        71,006
<TOTAL-INTEREST-ON-BONDS>                                                                       43,835
<CASH-FLOW-OPERATIONS>                                                                         374,684
<EPS-PRIMARY>                                                                                    (0.16)
<EPS-DILUTED>                                                                                    (0.16)