<ARTICLE>                     UT

                               
<MULTIPLIER>                                   1,000
<CURRENCY>                                    U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1995
<PERIOD-START>                                 JAN-01-1995
<PERIOD-END>                                   MAR-31-1995
<EXCHANGE-RATE>                                          1
<BOOK-VALUE>                                      PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                        4,622,277             
<OTHER-PROPERTY-AND-INVEST>                        570,182
<TOTAL-CURRENT-ASSETS>                             388,838
<TOTAL-DEFERRED-CHARGES>                         1,292,818
<OTHER-ASSETS>                                           0
<TOTAL-ASSETS>                                   6,874,115
<COMMON>                                         1,641,118
<CAPITAL-SURPLUS-PAID-IN>                                0
<RETAINED-EARNINGS>                                140,179
<TOTAL-COMMON-STOCKHOLDERS-EQ>                   1,781,297
<PREFERRED-MANDATORY>                               75,000
<PREFERRED>                                        193,561
<LONG-TERM-DEBT-NET>                             2,550,044
<SHORT-TERM-NOTES>                                       0
<LONG-TERM-NOTES-PAYABLE>                                0
<COMMERCIAL-PAPER-OBLIGATIONS>                      80,500
<LONG-TERM-DEBT-CURRENT-PORT>                      129,923
<PREFERRED-STOCK-CURRENT>                                0
<CAPITAL-LEASE-OBLIGATIONS>                              0
<LEASES-CURRENT>                                         0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                   2,063,790
<TOT-CAPITALIZATION-AND-LIAB>                    6,874,115
<GROSS-OPERATING-REVENUE>                          346,114
<INCOME-TAX-EXPENSE>                                15,887
<OTHER-OPERATING-EXPENSES>                         195,495
<TOTAL-OPERATING-EXPENSES>                         250,415
<OPERATING-INCOME-LOSS>                             95,699
<OTHER-INCOME-NET>                                 (55,189)
<INCOME-BEFORE-INTEREST-EXPEN>                           0
<TOTAL-INTEREST-EXPENSE>                            56,160
<NET-INCOME>                                        24,623
<PREFERRED-STOCK-DIVIDENDS>                              0
<EARNINGS-AVAILABLE-FOR-COMM>                       24,623
<COMMON-STOCK-DIVIDENDS>                            19,665
<TOTAL-INTEREST-ON-BONDS>                           53,358
<CASH-FLOW-OPERATIONS>                             121,343
<EPS-PRIMARY>                                         0.28
<EPS-DILUTED>                                            0