<ARTICLE> UT <CIK> 0000048732 <NAME> HOUSTON INDUSTRIES INCORPORATED <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 9,629,828 <OTHER-PROPERTY-AND-INVEST> 3,530,255 <TOTAL-CURRENT-ASSETS> 1,265,044 <TOTAL-DEFERRED-CHARGES> 3,980,527 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 18,405,654 <COMMON> 2,890,879 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 1,815,435 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,706,314 <PREFERRED-MANDATORY> 0 <PREFERRED> 9,740 <LONG-TERM-DEBT-NET> 6,112,983 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 452,800 <COMMERCIAL-PAPER-OBLIGATIONS> 1,343,987 <LONG-TERM-DEBT-CURRENT-PORT> 381,526 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 15,023 <LEASES-CURRENT> 1,147 <OTHER-ITEMS-CAPITAL-AND-LIAB> 5,382,134 <TOT-CAPITALIZATION-AND-LIAB> 18,405,654 <GROSS-OPERATING-REVENUE> 5,375,443 <INCOME-TAX-EXPENSE> 48,462 <OTHER-OPERATING-EXPENSES> 4,634,381 <TOTAL-OPERATING-EXPENSES> 4,634,381 <OPERATING-INCOME-LOSS> 741,062 <OTHER-INCOME-NET> (409,644) <INCOME-BEFORE-INTEREST-EXPEN> 331,418 <TOTAL-INTEREST-EXPENSE> 269,891 <NET-INCOME> 13,065 <PREFERRED-STOCK-DIVIDENDS> 195 <EARNINGS-AVAILABLE-FOR-COMM> 12,870 <COMMON-STOCK-DIVIDENDS> 210,490 <TOTAL-INTEREST-ON-BONDS> 172,521<F1> <CASH-FLOW-OPERATIONS> 814,078 <EPS-PRIMARY> $0.05 <EPS-DILUTED> $0.05 <FN> <F1>TOTAL ANNUAL INTEREST CHARGES ON ALL BONDS IS AS OF YEAR-TO-DATE 6/30/98. </FN>