<ARTICLE> UT <CIK> 0000806393 <NAME> ATLANTIC ENERGY, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,794,791 <OTHER-PROPERTY-AND-INVEST> 260,000 <TOTAL-CURRENT-ASSETS> 328,310 <TOTAL-DEFERRED-CHARGES> 360,556 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,743,657 <COMMON> 562,656 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 223,248 <TOTAL-COMMON-STOCKHOLDERS-EQ> 785,904 <PREFERRED-MANDATORY> 43,950 <PREFERRED> 100,000 <LONG-TERM-DEBT-NET> 844,585 <SHORT-TERM-NOTES> 127,500 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 112,675 <PREFERRED-STOCK-CURRENT> 10,000 <CAPITAL-LEASE-OBLIGATIONS> 37,538 <LEASES-CURRENT> 715 <OTHER-ITEMS-CAPITAL-AND-LIAB> 680,790 <TOT-CAPITALIZATION-AND-LIAB> 2,743,657 <GROSS-OPERATING-REVENUE> 235,399 <INCOME-TAX-EXPENSE> 11,747 <OTHER-OPERATING-EXPENSES> 189,069 <TOTAL-OPERATING-EXPENSES> 200,816 <OPERATING-INCOME-LOSS> 34,583 <OTHER-INCOME-NET> 2,454 <INCOME-BEFORE-INTEREST-EXPEN> 37,037 <TOTAL-INTEREST-EXPENSE> 15,552 <NET-INCOME> 18,631 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 18,631 <COMMON-STOCK-DIVIDENDS> 20,213 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> (41,757) <EPS-PRIMARY> 0.35 <EPS-DILUTED> 0.35