<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED STATEMENTS OF INCOME AND CONSOLIDATED BALANCE SHEETS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 89 <SECURITIES> 0 <RECEIVABLES> 730 <ALLOWANCES> 0<F1> <INVENTORY> 46 <CURRENT-ASSETS> 1,426 <PP&E> 7,172 <DEPRECIATION> 0<F1> <TOTAL-ASSETS> 9,630 <CURRENT-LIABILITIES> 2,297 <BONDS> 2,113 <PREFERRED-MANDATORY> 325 <PREFERRED> 0 <COMMON> 372 <OTHER-SE> 1,647 <TOTAL-LIABILITY-AND-EQUITY> 9,630 <SALES> 0 <TOTAL-REVENUES> 2,915 <CGS> 0 <TOTAL-COSTS> 2,661 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 125 <INCOME-PRETAX> 187 <INCOME-TAX> 62 <INCOME-CONTINUING> 113 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 113 <EPS-PRIMARY> 0.97<F2> <EPS-DILUTED> 0.92 <FN> <F1>Not separately identified in the consolidated financial statements or accompanying notes thereto. <F2>Represents basic earnings per share. </FN>