<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from HL&P's financial statements and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000048732 <NAME> Houston Lighting & Power Company <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 8,725,532 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 258,732 <TOTAL-DEFERRED-CHARGES> 1,496,620 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 10,480,884 <COMMON> 1,675,927 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,057,649 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,733,576 <PREFERRED-MANDATORY> 51,055 <PREFERRED> 351,345 <LONG-TERM-DEBT-NET> 2,709,636 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 203,648 <LONG-TERM-DEBT-CURRENT-PORT> 230,130 <PREFERRED-STOCK-CURRENT> 25,700 <CAPITAL-LEASE-OBLIGATIONS> 4,056 <LEASES-CURRENT> 3,624 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,168,114 <TOT-CAPITALIZATION-AND-LIAB> 10,480,884 <GROSS-OPERATING-REVENUE> 811,965 <INCOME-TAX-EXPENSE> 32,063 <OTHER-OPERATING-EXPENSES> 660,248 <TOTAL-OPERATING-EXPENSES> 692,311 <OPERATING-INCOME-LOSS> 119,654 <OTHER-INCOME-NET> (63,979) <INCOME-BEFORE-INTEREST-EXPEN> 55,675 <TOTAL-INTEREST-EXPENSE> 59,230 <NET-INCOME> (3,555) <PREFERRED-STOCK-DIVIDENDS> 6,632 <EARNINGS-AVAILABLE-FOR-COMM> (10,187) <COMMON-STOCK-DIVIDENDS> 82,250 <TOTAL-INTEREST-ON-BONDS> 57,488<F1> <CASH-FLOW-OPERATIONS> 77,246 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Total annual interest charges on all bonds for year-to-date 3/31/96. </FN>