<ARTICLE> UT <CIK> 0000031224 <NAME> EASTERN UTILITIES ASSOCIATES <MULTIPLIER> 1000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 708177 <OTHER-PROPERTY-AND-INVEST> 204099 <TOTAL-CURRENT-ASSETS> 145969 <TOTAL-DEFERRED-CHARGES> 212507 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1270752 <COMMON> 102180 <CAPITAL-SURPLUS-PAID-IN> 215225 <RETAINED-EARNINGS> 56062 <TOTAL-COMMON-STOCKHOLDERS-EQ> 373467 <PREFERRED-MANDATORY> 27612 <PREFERRED> 6900 <LONG-TERM-DEBT-NET> 332802 <SHORT-TERM-NOTES> 61484 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 72518 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 395969 <TOT-CAPITALIZATION-AND-LIAB> 1270752 <GROSS-OPERATING-REVENUE> 568513 <INCOME-TAX-EXPENSE> 14223 <OTHER-OPERATING-EXPENSES> 495483 <TOTAL-OPERATING-EXPENSES> 509706 <OPERATING-INCOME-LOSS> 58807 <OTHER-INCOME-NET> 20614 <INCOME-BEFORE-INTEREST-EXPEN> 79421 <TOTAL-INTEREST-EXPENSE> 39156 <NET-INCOME> 40265 <PREFERRED-STOCK-DIVIDENDS> 2305 <EARNINGS-AVAILABLE-FOR-COMM> 37960 <COMMON-STOCK-DIVIDENDS> 33924 <TOTAL-INTEREST-ON-BONDS> 32198 <CASH-FLOW-OPERATIONS> 115737 <EPS-PRIMARY> 1.86 <EPS-DILUTED> 1.86