<ARTICLE> UT <CIK> 0000741612 <NAME> TNP ENTERPRISES, INC. <MULTIPLIER> 1000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Dec-31-1998 <BOOK-VALUE> Per-Book <TOTAL-NET-UTILITY-PLANT> 922,879 <OTHER-PROPERTY-AND-INVEST> 10,384 <TOTAL-CURRENT-ASSETS> 31,729 <TOTAL-DEFERRED-CHARGES> 28,773 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 933,765 <COMMON> 192,518 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 115,776 <TOTAL-COMMON-STOCKHOLDERS-EQ> 308,294 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,060 <LONG-TERM-DEBT-NET> 459,000 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 223,411 <TOT-CAPITALIZATION-AND-LIAB> 993,765 <GROSS-OPERATING-REVENUE> 586,493 <INCOME-TAX-EXPENSE> 15,480 <OTHER-OPERATING-EXPENSES> 486,149 <TOTAL-OPERATING-EXPENSES> 501,629 <OPERATING-INCOME-LOSS> 84,864 <OTHER-INCOME-NET> 1,155 <INCOME-BEFORE-INTEREST-EXPEN> 86,019 <TOTAL-INTEREST-EXPENSE> 53,885 <NET-INCOME> 19,424 <PREFERRED-STOCK-DIVIDENDS> 150 <EARNINGS-AVAILABLE-FOR-COMM> 19,274 <COMMON-STOCK-DIVIDENDS> 14,579 <TOTAL-INTEREST-ON-BONDS> 48,393 <CASH-FLOW-OPERATIONS> 72,872 <EPS-PRIMARY> 1.46 <EPS-DILUTED> 1.46