<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from MP&L's financial statements for the year ended December 31, 1994 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000066901 <NAME> MISSISSIPPI POWER & LIGHT COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 959,927 <OTHER-PROPERTY-AND-INVEST> 11,155 <TOTAL-CURRENT-ASSETS> 230,340 <TOTAL-DEFERRED-CHARGES> 428,023 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,629,445 <COMMON> 199,326 <CAPITAL-SURPLUS-PAID-IN> (1,762) <RETAINED-EARNINGS> 232,011 <TOTAL-COMMON-STOCKHOLDERS-EQ> 429,575 <PREFERRED-MANDATORY> 31,770 <PREFERRED> 57,881 <LONG-TERM-DEBT-NET> 475,233 <SHORT-TERM-NOTES> 30,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 65,965 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 552 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 538,469 <TOT-CAPITALIZATION-AND-LIAB> 1,629,445 <GROSS-OPERATING-REVENUE> 847,888 <INCOME-TAX-EXPENSE> 16,651 <OTHER-OPERATING-EXPENSES> 735,480 <TOTAL-OPERATING-EXPENSES> 752,131 <OPERATING-INCOME-LOSS> 95,757 <OTHER-INCOME-NET> 4,719 <INCOME-BEFORE-INTEREST-EXPEN> 100,476 <TOTAL-INTEREST-EXPENSE> 51,697 <NET-INCOME> 48,779 <PREFERRED-STOCK-DIVIDENDS> 7,404 <EARNINGS-AVAILABLE-FOR-COMM> 41,155 <COMMON-STOCK-DIVIDENDS> 45,600 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> (119,726) <EPS-PRIMARY> 0 <EPS-DILUTED> 0