<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 Industries Inc. <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 8,524,354 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 257,712 <TOTAL-DEFERRED-CHARGES> 1,105,126 <OTHER-ASSETS> 523,797 <TOTAL-ASSETS> 10,410,989 <COMMON> 1,675,927 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,256,612 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,932,539 <PREFERRED-MANDATORY> 0 <PREFERRED> 9,740 <LONG-TERM-DEBT-NET> 2,613,693 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 157,182 <LONG-TERM-DEBT-CURRENT-PORT> 40,130 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 1,442 <LEASES-CURRENT> 999 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,655,264 <TOT-CAPITALIZATION-AND-LIAB> 10,410,989 <GROSS-OPERATING-REVENUE> 1,899,554 <INCOME-TAX-EXPENSE> 106,222 <OTHER-OPERATING-EXPENSES> 1,472,844 <TOTAL-OPERATING-EXPENSES> 1,579,066 <OPERATING-INCOME-LOSS> 320,488 <OTHER-INCOME-NET> (7,985) <INCOME-BEFORE-INTEREST-EXPEN> 312,503 <TOTAL-INTEREST-EXPENSE> 117,110 <NET-INCOME> 195,393 <PREFERRED-STOCK-DIVIDENDS> 2,222 <EARNINGS-AVAILABLE-FOR-COMM> 193,171 <COMMON-STOCK-DIVIDENDS> 164,500 <TOTAL-INTEREST-ON-BONDS> 102,608<F1> <CASH-FLOW-OPERATIONS> 440,006 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Total annual interest charges on all bonds for year-to-date 6/30/97. </FN>