<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 1996 EXTRACTED FROM THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS PRESENTED IN THE 1997 FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. EPS HAS BEEN RESTATED PURSUANT TO THE APPLICATION OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO.128. </LEGEND> <CIK> 0000020520 <NAME> CITIZENS UTILITIES COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,138,052 <OTHER-PROPERTY-AND-INVEST> 539,152<F1> <TOTAL-CURRENT-ASSETS> 369,770 <TOTAL-DEFERRED-CHARGES> 193,779<F2> <OTHER-ASSETS> 282,395<F3> <TOTAL-ASSETS> 4,523,148 <COMMON> 59,788 <CAPITAL-SURPLUS-PAID-IN> 1,381,341 <RETAINED-EARNINGS> 244,066 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,678,183 <PREFERRED-MANDATORY> 201,250<F4> <PREFERRED> 0 <LONG-TERM-DEBT-NET> 1,509,697 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 3,593 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,640,122 <TOT-CAPITALIZATION-AND-LIAB> 4,523,148 <GROSS-OPERATING-REVENUE> 1,306,517 <INCOME-TAX-EXPENSE> 84,937 <OTHER-OPERATING-EXPENSES> 221,104<F5> <TOTAL-OPERATING-EXPENSES> 1,010,831 <OPERATING-INCOME-LOSS> 295,686 <OTHER-INCOME-NET> 66,455 <INCOME-BEFORE-INTEREST-EXPEN> 362,141 <TOTAL-INTEREST-EXPENSE> 92,695 <NET-INCOME> 178,660 <PREFERRED-STOCK-DIVIDENDS> 5,849<F4> <EARNINGS-AVAILABLE-FOR-COMM> 178,660 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 375,181 <EPS-PRIMARY> .70<F6> <EPS-DILUTED> .70<F7> <FN> <F1>REPRESENTS INVESTMENT FUNDS. <F2>REPRESENTS REGULATORY ASSETS. <F3>DEFERRED DEBITS AND OTHER ASSETS. <F4>COMPANY OBLIGATED MADATORILY REDEEMABLE CONVERTIBLE PREFERRED SECURITIES OF A SUBSIDIARY TRUST, THE SOLE ASSETS OF WHICH ARE SECURITIES OF A SUBSIDIARY PARTNERSHIP, SUBSTANTIALLY ALL THE ASSETS OF WHICH ARE CONVERTIBLE DEBENTURES OF THE COMPANY. <F5>REPRESENTS COMMODITIES PURCHASED <F6>REPRESENTS BASIC EPS AND HAS BEEN RESTATED PURSUANT TO THE REQUIREMENTS OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO.128 ADOPTED BY THE COMPANY ON DECEMBER 31, 1997. <F7>HAS BEEN RESTATED PURSUANT TO THE REQUIREMENTS OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO.128 ADOPTED BY THE COMPANY ON DECEMBER 31, 1997. </FN>