<ARTICLE> OPUR1 <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 for the 3 months ended 03/31/95 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 9271421 <OTHER-PROPERTY-AND-INVEST> 792353 <TOTAL-CURRENT-ASSETS> 1091367 <TOTAL-DEFERRED-CHARGES> 1826563 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 12981704 <COMMON> 1926909 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2694023 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4620932 <PREFERRED-MANDATORY> 278029 <PREFERRED> 500000 <LONG-TERM-DEBT-NET> 3572806 <SHORT-TERM-NOTES> 174200 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 55265 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 24003 <LEASES-CURRENT> 1665 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1418800 <TOT-CAPITALIZATION-AND-LIAB> 12981704 <GROSS-OPERATING-REVENUE> 1111065 <INCOME-TAX-EXPENSE> 129260 <OTHER-OPERATING-EXPENSES> 741651 <TOTAL-OPERATING-EXPENSES> 870911 <OPERATING-INCOME-LOSS> 369414 <OTHER-INCOME-NET> 33645 <INCOME-BEFORE-INTEREST-EXPEN> 273799 <TOTAL-INTEREST-EXPENSE> 72523 <NET-INCOME> 201276 <PREFERRED-STOCK-DIVIDENDS> 12735 <EARNINGS-AVAILABLE-FOR-COMM> 188541 <COMMON-STOCK-DIVIDENDS> 100380 <TOTAL-INTEREST-ON-BONDS> 57581 <CASH-FLOW-OPERATIONS> 313598 <EPS-PRIMARY> .92 <EPS-DILUTED> 0