<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 1995, AQUARION COMPANY FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 527 <SECURITIES> 0 <RECEIVABLES> 14896 <ALLOWANCES> 3024 <INVENTORY> 3253 <CURRENT-ASSETS> 35322 <PP&E> 387740 <DEPRECIATION> 126032 <TOTAL-ASSETS> 377053 <CURRENT-LIABILITIES> 31157 <BONDS> 111446 <COMMON> 6720 <PREFERRED-MANDATORY> 330 <PREFERRED> 0 <OTHER-SE> 108829 <TOTAL-LIABILITY-AND-EQUITY> 377053 <SALES> 25602 <TOTAL-REVENUES> 25602 <CGS> 0 <TOTAL-COSTS> 19428 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 223 <INTEREST-EXPENSE> 2050 <INCOME-PRETAX> 4236 <INCOME-TAX> 1845 <INCOME-CONTINUING> 2391 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2391 <EPS-PRIMARY> .36 <EPS-DILUTED> .36