<ARTICLE> UT <CIK> 0000012473 <NAME> BLACKSTONE VALLEY ELECTRIC COMPANY <MULTIPLIER> 1000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 87414 <OTHER-PROPERTY-AND-INVEST> 46 <TOTAL-CURRENT-ASSETS> 17448 <TOTAL-DEFERRED-CHARGES> 27405 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 132313 <COMMON> 9203 <CAPITAL-SURPLUS-PAID-IN> 17908 <RETAINED-EARNINGS> 9121 <TOTAL-COMMON-STOCKHOLDERS-EQ> 36232 <PREFERRED-MANDATORY> 0 <PREFERRED> 6130 <LONG-TERM-DEBT-NET> 35000 <SHORT-TERM-NOTES> 735 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 1500 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 52716 <TOT-CAPITALIZATION-AND-LIAB> 132313 <GROSS-OPERATING-REVENUE> 136911 <INCOME-TAX-EXPENSE> 2156 <OTHER-OPERATING-EXPENSES> 126989 <TOTAL-OPERATING-EXPENSES> 129145 <OPERATING-INCOME-LOSS> 7766 <OTHER-INCOME-NET> 80 <INCOME-BEFORE-INTEREST-EXPEN> 7846 <TOTAL-INTEREST-EXPENSE> 3781 <NET-INCOME> 4065 <PREFERRED-STOCK-DIVIDENDS> 289 <EARNINGS-AVAILABLE-FOR-COMM> 3776 <COMMON-STOCK-DIVIDENDS> 4589 <TOTAL-INTEREST-ON-BONDS> 3313 <CASH-FLOW-OPERATIONS> 11143 <EPS-PRIMARY> 0 <EPS-DILUTED> 0