<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 1995 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-31-1995 <PERIOD-END> DEC-31-1995 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 2,908,030 <OTHER-PROPERTY-AND-INVEST> 329,090<F1> <TOTAL-CURRENT-ASSETS> 252,702 <TOTAL-DEFERRED-CHARGES> 220,110<F2> <OTHER-ASSETS> 208,255<F3> <TOTAL-ASSETS> 3,918,187 <COMMON> 56,896 <CAPITAL-SURPLUS-PAID-IN> 1,263,694 <RETAINED-EARNINGS> 235,236 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,559,913 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 1,187,000 <SHORT-TERM-NOTES> 140,650 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 3,865 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 2,213,759 <TOT-CAPITALIZATION-AND-LIAB> 3,918,187 <GROSS-OPERATING-REVENUE> 1,069,032 <INCOME-TAX-EXPENSE> 66,817 <OTHER-OPERATING-EXPENSES> 193,553<F4> <TOTAL-OPERATING-EXPENSES> 814,859 <OPERATING-INCOME-LOSS> 254,173 <OTHER-INCOME-NET> 59,955 <INCOME-BEFORE-INTEREST-EXPEN> 314,128 <TOTAL-INTEREST-EXPENSE> 87,775 <NET-INCOME> 159,536 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 159,536 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 338,611 <EPS-PRIMARY> .66<F5> <EPS-DILUTED> .65<F6> <FN> <F1>REPRESENTS INVESTMENT FUNDS. <F2>REPRESENTS REGULATORY ASSETS. <F3>DEFERRED DEBITS AND OTHER ASSETS. <F4>REPRESENTS COMMODITIES PURCHASED <F5>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. <F6>HAS BEEN RESTATED PURSUANT TO THE REQUIREMENTS OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO.128 ADOPTED BY THE COMPANY ON DECEMBER 31, 1997. </FN>