<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Form 10-K
for Bangor Hydro-Electric Company for the Year Ended December 31, 1994 and is
qualified in its entirety by reference to such 10-K.
</LEGEND>
<CIK> 0000009548
<NAME> BANGOR HYDRO-ELECTRIC COMPANY
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                 $199,162,748
<OTHER-PROPERTY-AND-INVEST>                 32,288,853
<TOTAL-CURRENT-ASSETS>                      36,135,697
<TOTAL-DEFERRED-CHARGES>                   113,662,747
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                            $381,250,045
<COMMON>                                   $35,925,715
<CAPITAL-SURPLUS-PAID-IN>                   55,974,218
<RETAINED-EARNINGS>                         13,757,751
<TOTAL-COMMON-STOCKHOLDERS-EQ>            $105,657,684
<PREFERRED-MANDATORY>                       13,740,491
<PREFERRED>                                  4,734,000
<LONG-TERM-DEBT-NET>                       116,367,155
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                   27,000,000
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                1,461,253
<PREFERRED-STOCK-CURRENT>                    1,500,000
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>             110,789,462
<TOT-CAPITALIZATION-AND-LIAB>             $381,250,045
<GROSS-OPERATING-REVENUE>                 $174,097,860
<INCOME-TAX-EXPENSE>                         3,613,598
<OTHER-OPERATING-EXPENSES>                 153,152,400
<TOTAL-OPERATING-EXPENSES>                $156,765,998
<OPERATING-INCOME-LOSS>                    $17,331,862
<OTHER-INCOME-NET>                           1,308,157
<INCOME-BEFORE-INTEREST-EXPEN>             $18,640,019
<TOTAL-INTEREST-EXPENSE>                    11,182,946
<NET-INCOME>                                $7,457,073
<PREFERRED-STOCK-DIVIDENDS>                  1,652,432
<EARNINGS-AVAILABLE-FOR-COMM>               $5,804,641
<COMMON-STOCK-DIVIDENDS>                    $9,433,334
<TOTAL-INTEREST-ON-BONDS>                  $10,767,934
<CASH-FLOW-OPERATIONS>                     $28,261,523
<EPS-PRIMARY>                                     $.84
<EPS-DILUTED>                                     $.84