<ARTICLE>                                      UT
<LEGEND>                                       THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
                                               THE CONSOLIDATED STATEMENTS OF INCOME, CONSOLIDATED STATEMENTS OF CASH
                                               FLOWS, CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF
                                               CAPITALIZATION CONTAINED IN THIS FORM 10-Q REPORT AND IS
                                               QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
<MULTIPLIER>                                   1000
       
                                                                
<PERIOD-TYPE>                            QTR-3                         9-MOS
<FISCAL-YEAR-END>                                  DEC-31-1994               DEC-31-1994
<PERIOD-START>                                     JUL-01-1994               JAN-01-1994
<PERIOD-END>                                       SEP-30-1994               SEP-30-1994
<BOOK-VALUE>                                          PER-BOOK                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                              9047030                   9047030
<OTHER-PROPERTY-AND-INVEST>                             743308                    743308
<TOTAL-CURRENT-ASSETS>                                 1045830                   1045830
<TOTAL-DEFERRED-CHARGES>                               1781640                   1781640
<OTHER-ASSETS>                                               0                         0
<TOTAL-ASSETS>                                        12617808                  12617808
<COMMON>                                               1926909                   1926909
<CAPITAL-SURPLUS-PAID-IN>                                    0                         0
<RETAINED-EARNINGS>                                    2625283                   2625283
<TOTAL-COMMON-STOCKHOLDERS-EQ>                         4552192                   4552192
<PREFERRED-MANDATORY>                                   279500                    279500
<PREFERRED>                                             500000                    500000
<LONG-TERM-DEBT-NET>                                   3406808                   3406808
<SHORT-TERM-NOTES>                                          0                         0
<LONG-TERM-NOTES-PAYABLE>                                   0                         0
<COMMERCIAL-PAPER-OBLIGATIONS>                              0                         0
<LONG-TERM-DEBT-CURRENT-PORT>                          122961                    122961
<PREFERRED-STOCK-CURRENT>                                1500                      1500
<CAPITAL-LEASE-OBLIGATIONS>                             35240                     35240
<LEASES-CURRENT>                                         7832                      7832
<OTHER-ITEMS-CAPITAL-AND-LIAB>                        1421307                   1421307
<TOT-CAPITALIZATION-AND-LIAB>                        12617808                  12617808
<GROSS-OPERATING-REVENUE>                             1215808                   3302959
<INCOME-TAX-EXPENSE>                                   146176                    323889
<OTHER-OPERATING-EXPENSES>                             797150                   2342457
<TOTAL-OPERATING-EXPENSES>                             943326                   2666346
<OPERATING-INCOME-LOSS>                                272482                    636613
<OTHER-INCOME-NET>                                      35351                     94604
<INCOME-BEFORE-INTEREST-EXPEN>                         307833                    731217
<TOTAL-INTEREST-EXPENSE>                                64092                    185857
<NET-INCOME>                                           243741                    545360
<PREFERRED-STOCK-DIVIDENDS>                             12472                     37179
<EARNINGS-AVAILABLE-FOR-COMM>                          231269                    508181
<COMMON-STOCK-DIVIDENDS>                               100381                    292989
<TOTAL-INTEREST-ON-BONDS>                               55146                    160717
<CASH-FLOW-OPERATIONS>                                 409206                    804730
<EPS-PRIMARY>                                            1.13                      2.48
<EPS-DILUTED>                                               0                         0