<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from Bangor Hydro-Electric Company's form 10Q 1st qtr 1999 and is qualified in its entirety by reference to such 10Q filing. </LEGEND> <CIK> 0000009548 <NAME> BANGOR HYDRO-ELECTRIC COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 249,723 <OTHER-PROPERTY-AND-INVEST> 55,379 <TOTAL-CURRENT-ASSETS> 37,757 <TOTAL-DEFERRED-CHARGES> 253,576 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 596,435 <COMMON> 36,817 <CAPITAL-SURPLUS-PAID-IN> 59,054 <RETAINED-EARNINGS> 26,926 <TOTAL-COMMON-STOCKHOLDERS-EQ> 122,797 <PREFERRED-MANDATORY> 7,619 <PREFERRED> 4,734 <LONG-TERM-DEBT-NET> 254,622 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 4,000 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 25,753 <PREFERRED-STOCK-CURRENT> 1,594 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 175,316 <TOT-CAPITALIZATION-AND-LIAB> 596,435 <GROSS-OPERATING-REVENUE> 50,222 <INCOME-TAX-EXPENSE> 2,450 <OTHER-OPERATING-EXPENSES> 37,886 <TOTAL-OPERATING-EXPENSES> 40,336 <OPERATING-INCOME-LOSS> 9,886 <OTHER-INCOME-NET> 403 <INCOME-BEFORE-INTEREST-EXPEN> 10,289 <TOTAL-INTEREST-EXPENSE> 6,077 <NET-INCOME> 4,212 <PREFERRED-STOCK-DIVIDENDS> 279 <EARNINGS-AVAILABLE-FOR-COMM> 3,933 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 21,298 <CASH-FLOW-OPERATIONS> 22,523 <EPS-PRIMARY> $0.53 <EPS-DILUTED> $0.47