<ARTICLE> UT <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,633,848 <OTHER-PROPERTY-AND-INVEST> 109,493 <TOTAL-CURRENT-ASSETS> 300,451 <TOTAL-DEFERRED-CHARGES> 1,346,801 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 6,390,593 <COMMON> 178,162 <CAPITAL-SURPLUS-PAID-IN> 1,040,194 <RETAINED-EARNINGS> 383,470 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,601,826 <PREFERRED-MANDATORY> 66,000 <PREFERRED> 173,526 <LONG-TERM-DEBT-NET> 1,955,285 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 194,265 <LONG-TERM-DEBT-CURRENT-PORT> 153,643 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,246,048 <TOT-CAPITALIZATION-AND-LIAB> 6,390,593 <GROSS-OPERATING-REVENUE> 771,919 <INCOME-TAX-EXPENSE> 81,023 <OTHER-OPERATING-EXPENSES> 510,396 <TOTAL-OPERATING-EXPENSES> 591,419 <OPERATING-INCOME-LOSS> 180,500 <OTHER-INCOME-NET> 15,825 <INCOME-BEFORE-INTEREST-EXPEN> 196,325 <TOTAL-INTEREST-EXPENSE> 80,279 <NET-INCOME> 116,046 <PREFERRED-STOCK-DIVIDENDS> 8,803 <EARNINGS-AVAILABLE-FOR-COMM> 107,243 <COMMON-STOCK-DIVIDENDS> 127,500 <TOTAL-INTEREST-ON-BONDS> 71,903 <CASH-FLOW-OPERATIONS> 263,609 <EPS-PRIMARY> 0 <EPS-DILUTED> 0