WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>




                                                             EXHIBIT 27.1


<ARTICLE>  UT
<MULTIPLIER> 1,000
       
<S>                                                  <C>
<PERIOD-TYPE>                                        YEAR
<FISCAL-YEAR-END>                                               Dec-31-1998
<PERIOD-START>                                                  Jan-01-1998
<PERIOD-END>                                                    Dec-31-1998
<BOOK-VALUE>                                                    PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                                                   0
<OTHER-PROPERTY-AND-INVEST>                                                 0
<TOTAL-CURRENT-ASSETS>                                                248,807
<TOTAL-DEFERRED-CHARGES>                                               16,417
<OTHER-ASSETS>                                                      1,976,530
<TOTAL-ASSETS>                                                      1,992,947
<COMMON>                                                                    0
<CAPITAL-SURPLUS-PAID-IN>                                              27,746
<RETAINED-EARNINGS>                                                    (4,579)
<TOTAL-COMMON-STOCKHOLDERS-EQ>                                         23,167
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<LONG-TERM-DEBT-NET>                                                1,969,783
<SHORT-TERM-NOTES>                                                          0
<LONG-TERM-NOTES-PAYABLE>                                                   0
<COMMERCIAL-PAPER-OBLIGATIONS>                                              0
<LONG-TERM-DEBT-CURRENT-PORT>                                         246,300
<PREFERRED-STOCK-CURRENT>                                                   0
<CAPITAL-LEASE-OBLIGATIONS>                                                 0
<LEASES-CURRENT>                                                            0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                                          2,504
<TOT-CAPITALIZATION-AND-LIAB>                                       2,241,754
<GROSS-OPERATING-REVENUE>                                             154,279
<INCOME-TAX-EXPENSE>                                                        0
<OTHER-OPERATING-EXPENSES>                                              6,584
<TOTAL-OPERATING-EXPENSES>                                              6,584
<OPERATING-INCOME-LOSS>                                               147,695
<OTHER-INCOME-NET>                                                          0
<INCOME-BEFORE-INTEREST-EXPEN>                                        147,695
<TOTAL-INTEREST-EXPENSE>                                              152,274
<NET-INCOME>                                                           (4,579)
<PREFERRED-STOCK-DIVIDENDS>                                                 0
<EARNINGS-AVAILABLE-FOR-COMM>                                               0
<COMMON-STOCK-DIVIDENDS>                                                    0
<TOTAL-INTEREST-ON-BONDS>                                             152,274
<CASH-FLOW-OPERATIONS>                                                227,644
<EPS-PRIMARY>                                                               0
<EPS-DILUTED>                                                               0
        




</TABLE>