<ARTICLE> UT <CIK> 0000741612 <NAME> TNP Enterprises, Inc. <MULTIPLIER> 1000 <PERIOD-TYPE> 3-Mos <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 921,142 <OTHER-PROPERTY-AND-INVEST> 8,537 <TOTAL-CURRENT-ASSETS> 26,216 <TOTAL-DEFERRED-CHARGES> 27,629 <OTHER-ASSETS> 686 <TOTAL-ASSETS> 984,210 <COMMON> 195,608 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 115,003 <TOTAL-COMMON-STOCKHOLDERS-EQ> 310,611 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,060 <LONG-TERM-DEBT-NET> 475,681 <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> 194,858 <TOT-CAPITALIZATION-AND-LIAB> 984,210 <GROSS-OPERATING-REVENUE> 118,125 <INCOME-TAX-EXPENSE> 712 <OTHER-OPERATING-EXPENSES> 102,921 <TOTAL-OPERATING-EXPENSES> 103,633 <OPERATING-INCOME-LOSS> 14,492 <OTHER-INCOME-NET> 281 <INCOME-BEFORE-INTEREST-EXPEN> 14,773 <TOTAL-INTEREST-EXPENSE> 11,641 <NET-INCOME> 3,132 <PREFERRED-STOCK-DIVIDENDS> 36 <EARNINGS-AVAILABLE-FOR-COMM> 3,096 <COMMON-STOCK-DIVIDENDS> 3,870 <TOTAL-INTEREST-ON-BONDS> 10,224 <CASH-FLOW-OPERATIONS> (10,166) <EPS-PRIMARY> 0.23 <EPS-DILUTED> 0.23