<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
AP&L's financial statements for the quarter ended September 30, 1994
and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000007323
<NAME> ARKANSAS POWER & LIGHT COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1993
<PERIOD-END>                               SEP-30-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    2,860,727
<OTHER-PROPERTY-AND-INVEST>                    146,291
<TOTAL-CURRENT-ASSETS>                         520,433
<TOTAL-DEFERRED-CHARGES>                       797,236
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               4,324,687
<COMMON>                                           470
<CAPITAL-SURPLUS-PAID-IN>                      590,844
<RETAINED-EARNINGS>                            464,062
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,055,376
<PREFERRED-MANDATORY>                           61,027
<PREFERRED>                                    176,350
<LONG-TERM-DEBT-NET>                         1,293,886
<SHORT-TERM-NOTES>                              34,667
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   28,020
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     97,976
<LEASES-CURRENT>                                61,274
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,516,111
<TOT-CAPITALIZATION-AND-LIAB>                4,324,687
<GROSS-OPERATING-REVENUE>                    1,256,762
<INCOME-TAX-EXPENSE>                            45,487
<OTHER-OPERATING-EXPENSES>                   1,050,857
<TOTAL-OPERATING-EXPENSES>                   1,096,344
<OPERATING-INCOME-LOSS>                        160,418
<OTHER-INCOME-NET>                              24,356
<INCOME-BEFORE-INTEREST-EXPEN>                 184,774
<TOTAL-INTEREST-EXPENSE>                        79,993
<NET-INCOME>                                   104,781
<PREFERRED-STOCK-DIVIDENDS>                     14,530
<EARNINGS-AVAILABLE-FOR-COMM>                   90,251
<COMMON-STOCK-DIVIDENDS>                        75,000
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         256,832
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0