<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999 <PERIOD-START> APR-01-1999 JAN-01-1999 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 115,973 115,973 <SECURITIES> 0 0 <RECEIVABLES> 91,195 91,195 <ALLOWANCES> 2,091 2,091 <INVENTORY> 0 0 <CURRENT-ASSETS> 169,429 169,429 <PP&E> 3,692,328 3,692,328 <DEPRECIATION> 197,494 197,494 <TOTAL-ASSETS> 4,049,861 4,049,861 <CURRENT-LIABILITIES> 100,374 100,374 <BONDS> 1,779,870 1,779,870 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 397,500 397,500 <COMMON> 0 0 <OTHER-SE> 1,771,500 1,771,500 <TOTAL-LIABILITY-AND-EQUITY> 4,049,861 4,049,861 <SALES> 142,079 288,800 <TOTAL-REVENUES> 147,842 300,047 <CGS> 43,761 89,106 <TOTAL-COSTS> 71,466 144,967 <OTHER-EXPENSES> 6,212 12,005 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 30,451 63,071 <INCOME-PRETAX> 36,358 71,392 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 36,358 71,392 <DISCONTINUED> 0 0 <EXTRAORDINARY> (777) (777) <CHANGES> 0 0 <NET-INCOME> 27,436 54,325 <EPS-BASIC> 0.45 0.89 <EPS-DILUTED> 0.45 0.89