<ARTICLE> UT <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 9,381 <OTHER-PROPERTY-AND-INVEST> 5,296 <TOTAL-CURRENT-ASSETS> 1,839 <TOTAL-DEFERRED-CHARGES> 2,896 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 19,412 <COMMON> 3,515 <CAPITAL-SURPLUS-PAID-IN> 38 <RETAINED-EARNINGS> 1,486 <TOTAL-COMMON-STOCKHOLDERS-EQ> 5,025 <PREFERRED-MANDATORY> 180 <PREFERRED> 509 <LONG-TERM-DEBT-NET> 7,239 <SHORT-TERM-NOTES> 452 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 1,463 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 1 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,543 <TOT-CAPITALIZATION-AND-LIAB> 19,412 <GROSS-OPERATING-REVENUE> 1,855 <INCOME-TAX-EXPENSE> 80 <OTHER-OPERATING-EXPENSES> 1,466 <TOTAL-OPERATING-EXPENSES> 1,546 <OPERATING-INCOME-LOSS> 389 <OTHER-INCOME-NET> 7 <INCOME-BEFORE-INTEREST-EXPEN> 396 <TOTAL-INTEREST-EXPENSE> 136 <NET-INCOME> 181 <PREFERRED-STOCK-DIVIDENDS> 11 <EARNINGS-AVAILABLE-FOR-COMM> 170 <COMMON-STOCK-DIVIDENDS> 118 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 82 <EPS-PRIMARY> 0.93 <EPS-DILUTED> 0.93