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/FIRST AND FINAL ADD -- HOUSTON INDUSTRIES EARNINGS/

 HOUSTON INDUSTRIES INCORPORATED
 Selected Data From Statements Of Consolidated Income
 (Thousands of Dollars - Unaudited)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 (Restated) (Restated)
 Revenues $1,065,586 $1,095,365 $4,596,388 $4,443,739
 Net Income $23,151 $56,723 $434,667 $416,687
 Earnings Per
 Common Share $0.18 $0.44 $3.36 $3.24
 Weighted Average
 Common Shares
 Outstand. (000) 129,514 129,298 129,514 128,802
 HOUSTON INDUSTRIES INCORPORATED AND SUBSIDIARIES
 Statements of Consolidated Income
 (Thousands of Dollars - Unaudited)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 (Restated) (Restated)
 Revenues:
 Electric $877,560 $896,617 $3,826,841 $3,674,543
 Coal and lignite 127,329 141,926 532,787 544,468
 Cable television 60,697 56,822 236,760 224,728
 Total 1,065,586 1,095,365 4,596,388 4,443,739
 Expenses:
 Electric:
 Fuel 256,960 246,153 987,918 960,091
 Purchased power 127,628 115,909 486,414 444,040
 Operation and
 maintenance 215,726 201,192 802,194 805,564
 Taxes other than
 income taxes 63,347 42,524 228,238 190,526
 Deferred expenses -- -- -- (22,973)
 Restructuring -- -- 86,431 --
 Cost of coal and
 lignite sold 108,766 121,678 455,954 461,444
 Cable television
 operating expenses 35,520 34,799 141,744 140,223
 Depreciation and
 amortization 118,733 113,543 465,081 438,868
 Total 926,680 875,798 3,653,974 3,417,783
 Operating Income 138,906 219,567 942,414 1,025,956
 Other Income (Expense):
 Allowance for other
 funds used during
 construction 535 1,310 6,169 5,749
 Deferred return under
 phase-in plan -- -- -- 38,758
 Interest income 312 880 1,745 21,144
 Equity in income of
 cable television
 partnerships 8,709 3,773 24,871 10,672
 Regulatory adjustment
 related to prior
 year's disallowed
 plant costs -- -- -- 14,483
 Other - net (10,479) (13,047) (20,687) (13,515)
 Total (923) (7,084) 12,098 77,291
 Interest and Other Charges:
 Interest 96,535 120,050 416,280 472,870
 Allowance for borrowed
 funds used during
 construction (514) (2,230) (6,191) (10,049)
 Deferred carrying costs -- -- -- (30,695)
 Preferred dividends of
 subsidiary 9,536 10,436 39,327 46,187
 Total 105,557 128,256 449,416 478,313
 Income Before Income
 Taxes and Cumulative
 Effect of Accounting
 Change 32,426 84,227 505,096 624,934
 Income Taxes 9,275 27,504 164,609 208,247
 Income Before
 Cumulative Effect of
 Accounting Change 23,151 56,723 340,487 416,687
 Cumulative Effect of
 Change in Accounting
 for Unbilled Revenues
 (Net of Income Taxes
 of $48,517) -- -- 94,180 --
 Net Income $23,151 $56,723 $434,667 $416,687
 Earnings Per
 Common Share $0.18 $0.44 $3.36 $3.24
 Dividends Declared
 Per Common Share $0.75 $0.74 $2.98 $2.96
 Weighted Average
 Common Shares
 Outstand. (000) 129,514 129,298 129,514 128,802
 HOUSTON LIGHTING & POWER COMPANY
 Statements of Income
 (Thousands of Dollars - Unaudited)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 Operating Revenues $877,560 $896,617 $3,826,841 $3,674,543
 Operating Expenses:
 Fuel 256,960 246,153 987,918 960,091
 Purchased power 127,628 115,909 486,414 444,040
 Operation 136,612 140,067 545,662 574,455
 Maintenance 79,114 61,125 256,532 231,109
 Depreciation and
 amortization 91,584 89,242 363,290 341,398
 Income taxes 5,813 33,317 163,770 207,915
 Other taxes 63,347 42,524 228,238 190,526
 Deferred expenses -- -- -- (22,973)
 Restructuring -- -- 86,431 --
 Total 761,058 728,337 3,118,255 2,926,561
 Operating Income 116,502 168,280 708,586 747,982
 Other Income (Expense):
 Allowance for other
 funds used during
 construction 535 1,310 6,169 5,749
 Deferred return under
 phase-in plan -- -- -- 38,758
 Regulatory adjustment
 related to prior year's
 disallowed plant costs -- -- -- 14,483
 Interest income 319 2,179 2,441 13,524
 Income taxes 288 1,377 1,062 (1,941)
 Other - net (10,273) (6,445) (18,220) (11,869)
 Total (9,131) (1,579) (8,548) 58,704
 Income Before
 Interest Charges 107,371 166,701 700,038 806,686
 Interest Charges:
 Interest 72,725 94,467 319,206 352,947
 Allowance for borrowed
 funds used during
 construction (514) (2,230) (6,191) (10,049)
 Deferred carrying costs -- -- -- (30,695)
 Total 72,211 92,237 313,015 312,203
 Income Before
 Cumulative Effect of
 Accounting Change 35,160 74,464 387,023 494,483
 Cumulative Effect of
 Change in Accounting
 for Unbilled Revenues
 (Net of Income Taxes
 of $48,517) -- -- 94,180 --
 Net Income 35,160 74,464 481,203 494,483
 Dividends on
 Preferred Stock 9,536 10,436 39,327 46,187
 Income After Preferred
 Dividends $25,624 $64,028 $441,876 $448,296
 KBLCOM INCORPORATED
 Condensed Statements Of Income
 (Thousands of Dollars - Unaudited)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 (Restated) (Restated)
 Revenues:
 Basic services $40,252 $38,203 $158,101 $147,481
 Pay (Premium)
 services 9,773 10,251 39,254 42,796
 Pay per view 2,291 2,182 10,395 11,612
 Advertising 4,733 3,546 15,411 12,010
 Other 3,648 2,640 13,599 10,829
 Total 60,697 56,822 236,760 224,728
 Cost of Services
 and System
 Operating Expenses 35,520 34,799 141,744 140,223
 Gross Margin 25,177 22,023 95,016 84,505
 Depreciation and
 amortization 20,786 17,728 75,622 70,496
 Interest expense 16,099 20,838 69,917 87,993
 Other expense 836 888 3,798 4,638
 Equity in income of
 cable television
 partnerships (8,709) (3,773) (24,871) (10,672)
 Income taxes (1,366) (4,052) (8,201) (10,572)
 Net Loss Before Preferred
 Dividends to Parent ($2,469) ($9,606) ($21,249) ($57,378)
 Reference is made to the notes to the consolidated financial statements contained in the annual report of Houston Industries Incorporated.
 The information furnished is given in response to your request for information concerning the company and not in connection with any sale or offer for sale of, or solicitation of an offer to buy, any securities.
 -0- 2/3/93 AA NY051
 /PRNewswire -- Feb. 3/
 /END FIRST AND FINAL ADD/
 (HOU)


CO: Houston Industries Incorporated ST: Texas IN: UTI SU: ERN

SM -- NY051A -- 2442 02/03/93 13:23 EST
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Date:Feb 3, 1993
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