<ARTICLE> UT <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> $4,682,549 <OTHER-PROPERTY-AND-INVEST> 180,393 <TOTAL-CURRENT-ASSETS> 364,651 <TOTAL-DEFERRED-CHARGES> 1,067,411 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 6,295,004 <COMMON> 178,162 <CAPITAL-SURPLUS-PAID-IN> 1,143,586 <RETAINED-EARNINGS> 479,690 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,801,438 <PREFERRED-MANDATORY> 15,377 <PREFERRED> 124,034 <LONG-TERM-DEBT-NET> 1,861,783 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 213,485 <LONG-TERM-DEBT-CURRENT-PORT> 154,220 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,124,667 <TOT-CAPITALIZATION-AND-LIAB> 6,295,004 <GROSS-OPERATING-REVENUE> 822,138 <INCOME-TAX-EXPENSE> 64,397 <OTHER-OPERATING-EXPENSES> 612,901 <TOTAL-OPERATING-EXPENSES> 677,298 <OPERATING-INCOME-LOSS> 144,840 <OTHER-INCOME-NET> 7,028 <INCOME-BEFORE-INTEREST-EXPEN> 151,868 <TOTAL-INTEREST-EXPENSE> 67,749 <NET-INCOME> 84,119 <PREFERRED-STOCK-DIVIDENDS> 5,313 <EARNINGS-AVAILABLE-FOR-COMM> 78,806 <COMMON-STOCK-DIVIDENDS> 127,500 <TOTAL-INTEREST-ON-BONDS> 58,953 <CASH-FLOW-OPERATIONS> 240,068 <EPS-PRIMARY> 0 <EPS-DILUTED> 0