<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