<ARTICLE> UT <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,668,691 <OTHER-PROPERTY-AND-INVEST> 167,243 <TOTAL-CURRENT-ASSETS> 301,806 <TOTAL-DEFERRED-CHARGES> 1,103,377 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 6,241,117 <COMMON> 178,162 <CAPITAL-SURPLUS-PAID-IN> 1,142,499 <RETAINED-EARNINGS> 472,853 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,793,514 <PREFERRED-MANDATORY> 19,110 <PREFERRED> 141,317 <LONG-TERM-DEBT-NET> 2,019,248 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 81,000 <LONG-TERM-DEBT-CURRENT-PORT> 4,068 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,182,860 <TOT-CAPITALIZATION-AND-LIAB> 6,241,117 <GROSS-OPERATING-REVENUE> 380,423 <INCOME-TAX-EXPENSE> 24,464 <OTHER-OPERATING-EXPENSES> 292,418 <TOTAL-OPERATING-EXPENSES> 316,882 <OPERATING-INCOME-LOSS> 63,541 <OTHER-INCOME-NET> 2,059 <INCOME-BEFORE-INTEREST-EXPEN> 65,600 <TOTAL-INTEREST-EXPENSE> 33,665 <NET-INCOME> 31,935 <PREFERRED-STOCK-DIVIDENDS> 2,878 <EARNINGS-AVAILABLE-FOR-COMM> 29,057 <COMMON-STOCK-DIVIDENDS> 85,000 <TOTAL-INTEREST-ON-BONDS> 30,028 <CASH-FLOW-OPERATIONS> 205,088 <EPS-PRIMARY> 0 <EPS-DILUTED> 0