<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 1997 AQUARION COMPANY FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 3177 <SECURITIES> 0 <RECEIVABLES> 9998 <ALLOWANCES> 1326 <INVENTORY> 3372 <CURRENT-ASSETS> 37728 <PP&E> 460961 <DEPRECIATION> 134408 <TOTAL-ASSETS> 445506 <CURRENT-LIABILITIES> 37519 <BONDS> 153379 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7115 <OTHER-SE> 116467 <TOTAL-LIABILITY-AND-EQUITY> 445506 <SALES> 23389 <TOTAL-REVENUES> 23389 <CGS> 0 <TOTAL-COSTS> 16463 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 88 <INTEREST-EXPENSE> 2876 <INCOME-PRETAX> 4287 <INCOME-TAX> 1899 <INCOME-CONTINUING> 2388 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2388 <EPS-PRIMARY> .34 <EPS-DILUTED> .34