<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> 576,566 <TOTAL-CURRENT-ASSETS> 396,916 <TOTAL-DEFERRED-CHARGES> 1,103,435 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 6,745,608 <COMMON> 1,553,453 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 479,315 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,032,768 <PREFERRED-MANDATORY> 19,110 <PREFERRED> 141,317 <LONG-TERM-DEBT-NET> 2,283,235 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 81,000 <LONG-TERM-DEBT-CURRENT-PORT> 8,313 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,700,550 <TOT-CAPITALIZATION-AND-LIAB> 6,745,608 <GROSS-OPERATING-REVENUE> 414,584 <INCOME-TAX-EXPENSE> 22,966 <OTHER-OPERATING-EXPENSES> 249,830 <TOTAL-OPERATING-EXPENSES> 323,747 <OPERATING-INCOME-LOSS> 90,837 <OTHER-INCOME-NET> (36,785) <INCOME-BEFORE-INTEREST-EXPEN> 0 <TOTAL-INTEREST-EXPENSE> 38,266 <NET-INCOME> 31,086 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 31,086 <COMMON-STOCK-DIVIDENDS> 25,436 <TOTAL-INTEREST-ON-BONDS> 30,028 <CASH-FLOW-OPERATIONS> 208,802 <EPS-PRIMARY> 0.37 <EPS-DILUTED> 0.36