<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the Company's and HL&P's financial statements and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000202131 <NAME> Houston Industries Incorporated <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 8,687,303 <OTHER-PROPERTY-AND-INVEST> 1,621,930 <TOTAL-CURRENT-ASSETS> 332,770 <TOTAL-DEFERRED-CHARGES> 1,532,783 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 12,174,786 <COMMON> 2,155,504 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 1,896,173 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,051,677 <PREFERRED-MANDATORY> 0 <PREFERRED> 351,345 <LONG-TERM-DEBT-NET> 3,059,406 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 2,544 <COMMERCIAL-PAPER-OBLIGATIONS> 829,592 <LONG-TERM-DEBT-CURRENT-PORT> 390,130 <PREFERRED-STOCK-CURRENT> 25,700 <CAPITAL-LEASE-OBLIGATIONS> 2,875 <LEASES-CURRENT> 3,627 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,457,890 <TOT-CAPITALIZATION-AND-LIAB> 12,174,786 <GROSS-OPERATING-REVENUE> 1,938,184 <INCOME-TAX-EXPENSE> 60,589 <OTHER-OPERATING-EXPENSES> 1,514,437 <TOTAL-OPERATING-EXPENSES> 1,514,437 <OPERATING-INCOME-LOSS> 423,747 <OTHER-INCOME-NET> (72,675) <INCOME-BEFORE-INTEREST-EXPEN> 351,072 <TOTAL-INTEREST-EXPENSE> 149,944 <NET-INCOME> 140,539 <PREFERRED-STOCK-DIVIDENDS> 11,945 <EARNINGS-AVAILABLE-FOR-COMM> 128,594 <COMMON-STOCK-DIVIDENDS> 186,093 <TOTAL-INTEREST-ON-BONDS> 112,430 <CASH-FLOW-OPERATIONS> 275,598 <EPS-PRIMARY> 0.52 <EPS-DILUTED> 0.52