<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
the financial statements filed as Exhibit 99 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000044545
<NAME> GULF POWER COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,057,744
<OTHER-PROPERTY-AND-INVEST>                      7,997
<TOTAL-CURRENT-ASSETS>                         148,278
<TOTAL-DEFERRED-CHARGES>                       101,523
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               1,315,542
<COMMON>                                        38,060
<CAPITAL-SURPLUS-PAID-IN>                      218,461
<RETAINED-EARNINGS>                            168,951
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 425,472
<PREFERRED-MANDATORY>                            1,000
<PREFERRED>                                     89,602
<LONG-TERM-DEBT-NET>                           319,444
<SHORT-TERM-NOTES>                              53,500
<LONG-TERM-NOTES-PAYABLE>                       50,388
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                 (13,439)
<PREFERRED-STOCK-CURRENT>                      (1,000)
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 390,575
<TOT-CAPITALIZATION-AND-LIAB>                1,315,542
<GROSS-OPERATING-REVENUE>                      578,813
<INCOME-TAX-EXPENSE>                            33,957
<OTHER-OPERATING-EXPENSES>                     452,643
<TOTAL-OPERATING-EXPENSES>                     486,600
<OPERATING-INCOME-LOSS>                         92,213
<OTHER-INCOME-NET>                               1,194
<INCOME-BEFORE-INTEREST-EXPEN>                  93,407
<TOTAL-INTEREST-EXPENSE>                        32,253
<NET-INCOME>                                    61,154
<PREFERRED-STOCK-DIVIDENDS>                      5,925
<EARNINGS-AVAILABLE-FOR-COMM>                   55,229
<COMMON-STOCK-DIVIDENDS>                        44,000
<TOTAL-INTEREST-ON-BONDS>                       23,777
<CASH-FLOW-OPERATIONS>                         124,804
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0