<ARTICLE> UT
<MULTIPLIER>  1,000
       
                             
<PERIOD-TYPE>                   12-MOS

<FISCAL-YEAR-END>	        DEC-31-1994
<PERIOD-START>	                JAN-01-1994
<PERIOD-END>	                DEC-31-1994
<BOOK-VALUE>	                PER-BOOK
<TOTAL-NET-UTILITY-PLANT>	5,416,825
<OTHER-PROPERTY-AND-INVEST>	1,179,158
<TOTAL-CURRENT-ASSETS>	        678,435
<TOTAL-DEFERRED-CHARGES>	869,120
<OTHER-ASSETS>	                0
<TOTAL-ASSETS>	                8,143,538
<COMMON>	                1,425,378
<CAPITAL-SURPLUS-PAID-IN>	0
<RETAINED-EARNINGS>	        1,312,655
<TOTAL-COMMON-STOCKHOLDERS-EQ>	2,717,866
<PREFERRED-MANDATORY>	        279,500
<PREFERRED>	                209,185
<LONG-TERM-DEBT-NET>	        2,584,932
<SHORT-TERM-NOTES>	        0
<LONG-TERM-NOTES-PAYABLE>	0
<COMMERCIAL-PAPER-OBLIGATIONS>	63,700
<LONG-TERM-DEBT-CURRENT-PORT>	262,175
<PREFERRED-STOCK-CURRENT>	61,500
<CAPITAL-LEASE-OBLIGATIONS>	0
<LEASES-CURRENT>	        0
<OTHER-ITEMS-CAPITAL-AND-LIAB>	1,964,680
<TOT-CAPITALIZATION-AND-LIAB>	8,143,538
<GROSS-OPERATING-REVENUE>	2,782,985
<INCOME-TAX-EXPENSE>	        153,853
<OTHER-OPERATING-EXPENSES>	2,147,726
<TOTAL-OPERATING-EXPENSES>	2,301,579
<OPERATING-INCOME-LOSS>	        481,406
<OTHER-INCOME-NET>	        32,365
<INCOME-BEFORE-INTEREST-EXPEN>	513,771
<TOTAL-INTEREST-EXPENSE>	190,154
<NET-INCOME>	                323,617
<PREFERRED-STOCK-DIVIDENDS>	39,922
<EARNINGS-AVAILABLE-FOR-COMM>	283,695
<COMMON-STOCK-DIVIDENDS>	222,180
<TOTAL-INTEREST-ON-BONDS>	214,347
<CASH-FLOW-OPERATIONS>	        646,314
<EPS-PRIMARY>	                  $1.93
<EPS-DILUTED>	                  $1.93