<ARTICLE> UT <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,687,675 <OTHER-PROPERTY-AND-INVEST> 582,280 <TOTAL-CURRENT-ASSETS> 571,615 <TOTAL-DEFERRED-CHARGES> 1,069,942 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 6,911,512 <COMMON> 1,552,128 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 604,718 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,156,846 <PREFERRED-MANDATORY> 9,401 <PREFERRED> 123,795 <LONG-TERM-DEBT-NET> 2,054,473 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 115,350 <LONG-TERM-DEBT-CURRENT-PORT> 158,077 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,293,570 <TOT-CAPITALIZATION-AND-LIAB> 6,911,512 <GROSS-OPERATING-REVENUE> 1,644,225 <INCOME-TAX-EXPENSE> 140,148 <OTHER-OPERATING-EXPENSES> 756,744 <TOTAL-OPERATING-EXPENSES> 1,178,945 <OPERATING-INCOME-LOSS> 465,280 <OTHER-INCOME-NET> (117,768) <INCOME-BEFORE-INTEREST-EXPEN> 0 <TOTAL-INTEREST-EXPENSE> 113,148 <NET-INCOME> 207,364 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 207,364 <COMMON-STOCK-DIVIDENDS> 76,311 <TOTAL-INTEREST-ON-BONDS> 87,558 <CASH-FLOW-OPERATIONS> 514,695 <EPS-PRIMARY> 2.45 <EPS-DILUTED> 2.43