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FIRST AND FINAL ADD TO HOUSTON INDUSTRIES INCORPORATED

 /FIRST AND FINAL ADD -- NY009 -- HOUSTON INDUSTRIES INCORPORATED
 HOUSTON INDUSTRIES INCORPORATED
 Selected Data from Statements of Consolidated Income
 (Unaudited, thousands of Dollars)
 Periods ended: Quarter Twelve months
 March 31, 1992 1991 1992 1991
 Revenues $975,250 $918,160 $4,500,829 $4,278,861
 Net income (loss) (33,908) 51,849 $331,626 $400,175
 Earnings (loss) per
 common share ($0.25) $0.41 $2.62 $3.14
 Weighted average
 common shares
 outstanding (000s) 129,514 128,290 129,105 127,652
 HOUSTON INDUSTRIES INCORPORATED AND SUBSIDIARIES
 Statements of Consolidated Income
 (Unaudited, in thousands of Dollars)
 Periods ended Quarter Twelve Months
 March 31 1992 1991 1992 1991
 Revenues:
 Electric $785,963 $734,370 $3,726,136 $3,542,598
 Coal and lignite 131,952 129,603 546,817 528,083
 Cable television 57,335 54,187 227,876 208,180
 Total 975,250 918,160 4,500,829 4,278,861
 Expenses:
 Electric:
 Fuel 194,562 213,020 941,633 1,003,515
 Purchased power 119,363 106,404 456,999 434,591
 Operation and
 maintenance 190,546 186,388 809,723 766,163
 Taxes other
 than income taxes 54,063 48,962 195,628 187,648
 Deferred expenses -- (15,275) (7,699) (96,744)
 Restructuring 86,431 -- 86,431 --
 Cost of coal and
 lignite sold 112,741 108,263 465,922 442,799
 Cable television
 operating expenses 34,966 34,577 140,612 131,917
 Depreciation and
 amortization 113,888 102,510 446,375 407,675
 Total 906,560 784,849 3,535,624 3,277,564
 Operating Income 68,690 133,311 965,205 1,001,297
 Other Income (Expense):
 Allowance for other
 funds used during
 construction 1,511 1,511 5,749 4,451
 Deferred return under
 phase-in plan -- 21,103 17,656 56,371
 Interest income 36 19,707 1,488 21,327
 Equity in income of
 cable television
 partnerships 4,608 1,103 14,177 1,975
 Other - net (7,884) 5,753 (13,208) (44,098)
 Total (1,729) 49,177 25,862 40,026
 Fixed Charges:
 Interest 108,213 118,642 462,461 485,045
 Allowance for borrowed
 funds used during
 construction (1,715) (2,833) (8,931) (9,692)
 Deferred
 carrying costs -- (16,646) (14,050) (71,051)
 Preferred dividends
 of subsidiary 9,693 11,877 44,003 47,838
 Total 116,191 111,040 483,483 452,140
 Income (loss) before
 income taxes (49,230) 71,448 507,584 589,183
 Income taxes (15,322) 19,599 175,958 189,008
 Net income (loss) ($33,908) $51,849 $331,626 $400,175
 Earnings (loss) per
 common share ($0.25) $0.41 $2.62 $3.14
 Weighted average
 common shares
 outstanding (000) 129,514 128,290 129,105 127,652
 HOUSTON LIGHTING & POWER COMPANY
 Statements of Income
 (Unaudited, thousands of dollars)
 Periods ended: Quarter Twelve Months
 March 31, 1992 1991 1992 1991
 Operating Revenues $785,963 $734,370 $3,726,136 $3,542,598
 Operating Expenses:
 Fuel 194,562 213,020 941,633 1,003,515
 Purchased power 119,363 106,404 456,999 434,591
 Operation 134,996 130,985 578,467 547,936
 Maintenance 55,550 55,403 231,256 218,227
 Depreciation and
 amortization 90,047 79,145 352,300 316,820
 Income taxes (14,853) 16,968 176,093 229,635
 Other taxes 54,063 48,962 195,628 187,648
 Deferred expenses -- (15,275) (7,699) (96,744)
 Restructuring 86,431 -- 86,431 --
 Total 720,159 635,612 3,011,108 2,841,628
 Operating income 65,804 98,758 715,028 700,970
 Other income (expense):
 Allowance for other
 funds used during
 construction 1,511 1,511 5,749 4,451
 Deferred return under
 phase-in plan -- 21,103 17,656 56,371
 Other - net (1,697) 12,975 (476) (10,084)
 Total (186) 35,589 22,929 50,738
 Income before interest
 charges 65,618 134,347 737,957 751,708
 Interest Charges:
 Interest 82,966 85,852 350,062 343,537
 Allowance for borrowed
 funds used during
 construction (1,715) (2,833) (8,931) (9,692)
 Deferred carrying costs -- (16,646) (14,050) (71,051)
 Total 81,251 66,373 327,081 262,794
 Net income (loss) (15,633) 67,974 410,876 488,914
 Dividends on preferred
 stock 9,693 11,877 44,003 47,838
 Income (loss) after
 preferred dividends ($25,326) $56,097 $366,873 $441,076
 KBLCOM INCORPORATED
 Condensed Statements of Income
 (Unaudited, thousands of dollars)
 Periods ended Quarter Twelve Months
 March 31, 1992 1991 1992 1991
 Revenues:
 Basic services $38,920 $35,678 $150,724 $135,228
 Pay (Premium) services 9,920 11,087 41,630 45,641
 Pay per view 2,747 2,763 11,596 9,438
 Advertising 2,923 2,190 12,742 9,555
 Other 2,825 2,469 11,184 8,318
 Total 57,335 54,187 227,876 208,180
 Cost of services and
 system operating
 expenses 34,966 34,577 140,612 131,917
 Gross margin 22,369 19,610 87,264 76,263
 Depreciation and
 amortization 17,325 16,719 67,252 64,487
 Interest expense 19,405 22,637 84,761 93,976
 Other expense 1,065 1,362 4,341 3,361
 Income tax benefit (504) (3,571) (5,812) (15,122)
 Equity in income of
 cable television
 partnerships (4,608) (1,103) (14,177) (1,975)
 Net loss before preferred
 dividends to pare ($10,314) ($16,434) ($49,101) ($68,464)
 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- 5/6/92 AA NY009
 /END FIRST AND FINAL ADD/
 (HOU) CO: Houston Industries Incorporated ST: Texas IN: UTI SU: ERN


TS -- NY009A -- 6938 05/06/92 09:18 EDT
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Date:May 6, 1992
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