<ARTICLE> UT <CIK> 0001042773 <NAME> NORAM ENERGY CORP. AND SUBSIDIARIES <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,316,141 <OTHER-PROPERTY-AND-INVEST> 1,429,408 <TOTAL-CURRENT-ASSETS> 992,018 <TOTAL-DEFERRED-CHARGES> 2,240,403 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 5,977,970 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 2,453,162 <RETAINED-EARNINGS> 79,303 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,532,466 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 1,213,993 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 300,000 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 199,860 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,731,651 <TOT-CAPITALIZATION-AND-LIAB> 5,977,970 <GROSS-OPERATING-REVENUE> 3,142,506 <INCOME-TAX-EXPENSE> 54,863 <OTHER-OPERATING-EXPENSES> 2,980,917 <TOTAL-OPERATING-EXPENSES> 2,980,917 <OPERATING-INCOME-LOSS> 161,589 <OTHER-INCOME-NET> 4,536 <INCOME-BEFORE-INTEREST-EXPEN> 166,125 <TOTAL-INTEREST-EXPENSE> 52,806 <NET-INCOME> 58,456 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 58,456 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 52,379<F1> <CASH-FLOW-OPERATIONS> 271,883 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>TOTAL ANNUAL INTEREST CHARGES ON ALL BONDS IS AS OF YEAR-TO-DATE 6/30/98. </FN>